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Most Affordable MBA Programs in Canada for International Students

Talking about international students, the MBA is the most applied program to study abroad. Canada is one of those places where the program is most rewarding and internationally accepted. 18 of the universities in Canada are listed among the top universities of the world for business and management studies.


However, MBA programs are notorious for their expensive tuition fees, and when it comes to studying abroad, Finances are a big factor. Fortunately, there are some MBA programs offered by some of the top universities in Canada that are not as expensive as others. Compared to the English Speaking Countries, they are some of the cheapest courses on offer for MBA. So, if you are someone who is looking forward to pursuing an MBA in Canada, and the cost of the program is your concern, here are the most affordable MBA programs to study in Canada.

1. Memorial University of Newfoundland:

In general, Memorial University of Newfoundland is one of the most affordable MBA universities in Canada for international students. The MBA costs 3222 Canadian Dollars per years, which is by far one of the most affordable business courses. The University of Newfoundland is the largest university in the Atlantic Canada region. The student count is 18000 for the Memorial University of Newfoundland, which is ranked 23rd in Canada. The University is ranked at 651-700, among the best universities in the world by QS Ranking.

2. University of New Brunswick:

The oldest English Speaking University in Canada, University of New Brunswick was founded in 1785. It is also one of the oldest Public Universities in North America, too. The University of New Brunswick is hailed as the most Entrepreneurial University of Canada, and that is a piece of good news for someone willing to pursue an MBA in Canada. The Master of Business Administration (MBA) and Juris Doctor (JD) costs for 14900 Canadian Dollars a year, and a one year MBA costs 24900 CAD.

3. Laval University:

Another one of the oldest Universities in Canada, Laval University was founded in 1663, and is a French University. For Canada, it is ranked 15th for the country. The University also features in the World Rankings, Ranked close to 400 in the world. The MBA program at Laval University lasts for one and a half years, and the fees for it are 14030 Canadian Dollars a year. Under Business and Management specialisation, the university is ranked at 351-400 in the world.

4. University of Victoria:

A public university in British Columbia, University of Victoria has an enrolment of over 21000. The Daytime MBA, which is for 16 months, costs 17300 a year. There is also an application fee for international students, which is around 150 CAD. The University was once affiliated with McGill University, however, now is an autonomous University. The University is ranked at 359th among the top universities of the world.

5. McMaster University:

Not only in Canada, but McMaster University is one of the most prestigious educational institutes in the world. Ranked at number 5 in Canada and 146th in the world, McMaster tops the list of many students coming to Canada. The university is most known for the research output in the fields of Science and Engineering, but the Management courses are also not far behind. The 20 months MBA at McMaster costs 19480 CAD a year for international students.

6. Royal Roads University:

The MBA program offered by Royal Roads University, another one from British Columbia, was ranked on Number 20 by Corporate Knights. The University is known for its close ties with Canadian Forces. The University has a more focused approach towards working professionals. There are three types of courses offered by Royal Roads. One is traditional face to face learning on campus, the second type is online courses, and the third is a blend of the first two. The MBA in Tourism course offered by the university, which is a 17 months course, costs 19482 Canadian Dollars a year for international students.

7. University of Sherbrooke:


Sherbrooke is a French Speaking University, and one of the largest in Quebec. There are more than 40000 students enrolled in the university in 2007. Along with the business and management courses, the University offers 46 bachelor's, 48 Master's and 27 doctorate programs. The MBA for Sherbrooke is for 16 months, and the fees are 23914 Canadian Dollars. The university has an overall ranking of 24th among the Top Universities in Canada.

8. Concordia University:

Ranked at 464th in the world university rankings, Concordia is ranked 17th in Canada. The MBA program at Concordia is ranked among the top 25 in the world, and 5th best in Canada. The 2 year MBA program costs 25000 CAD a year for international students, and for the quality it provides, the fees seem like a bargain. Under Business and Management Studies, the University of Concordia is ranked at 251-300 in the world.

9. Vancouver Island University:

High-Quality Courses offered at Affordable Prices is the USP of Vancouver Island University. With 2000 International students from more than 80 countries, it is one of the most International Universities in the region by all means. Vancouver Island University plays an important role in economic, cultural, and educational aspects of the region, The Vancouver Island and coastal British Columbia. The MBA program for VIU has a duration of 14 months and the tuition fees are 25600 Canadian Dollars. The other course to look forward at VIU is MSc in International Management.

10. Carleton University:

Carleton is a public University in Ottawa, founded in 1942.  It is another one of the largest universities, with more than 30000 students and 4700+ academic staff. Carleton is also famous for its sports activities, and their championship wins over the years.  And if the Canadian winters are too much for you, you can walk through the tunnels connecting the important buildings of the University. Yes, Carleton has its own pedestrian tunnel network for students and faculties. The University is ranked at 22 in the country, and the MBA is offered at Sprott School of Business under Carleton University. The 16 months MBA costs 26918 Canadian Dollars.

Talking about international students, the MBA is the most applied program to study abroad. Canada is one of those places where the program is most rewarding and internationally accepted. If you are someone who is looking forward to pursuing an MBA in Canada, and the cost of the program is your concern, here are the most affordable MBA programs to study in Canada.