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Canada is amongst the most popular countries to study abroad. Canadian universities cost around 4 times less than American business schools. Additionally, the work-visa and student-visa processing are easier and faster done in Canada. Further, the welcoming and diverse atmosphere of Canada invites students to study as well as shift permanently there. Hence, we have bought you a blog on the most affordable business schools providing low cost MBA in Canada.
Also Read: MBA after CA- Scope, Job Prospects and More
Why Pursue MBA in Canada?
The list of reasons to study MBA in Canada is endless. Canada has the top affordable business schools. Further, six Canadian business schools ranked among the top 100 business schools in the world. Along with quality education, global ranks, and affordable fee, Canada also provides a high rate of return of investment (ROI), high rate of post-degree employment and job opportunities. Also, Canada is the 2nd easiest place in the world to start a business.
Additionally, students in Canada can work part-time up to 20 hours per week without a work permit and up to 40 hours per week with a work permit. This not only gives you a chance to incorporate into the Canadian mainstream but also helps cover some of the expenses.
Further, the Post-Graduate Work Permit (PGWP) allows students to work anywhere in Canada after completing their studies. To apply for Permanents Residence (PR), there are several programs such as the Canadian Experience Program, etc.
Lastly, most of the business schools in Canada provide scholarships to students with excellent academic performance or on entrance examinations.
Also Read: PG Diploma in Data Science in Canada
Best Institutes for Low Cost MBA in Canada
Here is a list of some of the best and top accredited business schools for low cost MBA in Canada.
Memorial University of Newfoundland was established as a memorial to the Newfoundlanders who lost their lives in World War I. Further, it is the only University in Newfoundland and Labrador. Also, it has 6 campuses and a global network of more than a million alumni. It offers more than hundred-degree programs. Also, it invests $1.5 million in entrance scholarships and $9.5 million in graduate scholarships and fellowship every year.
Additionally, it was named as the top challenger in North America by University Business incubators. Also, the memorial centre for entrepreneurship is recognised among the top 5 emerging entrepreneurship centres of the world.
It provides three post-graduate MBA programs. The traditional MBA program is a 24-month course with a fee of $1074 to $1611 per semester. It accepts applications for international students only in February. The eligibility requirements for MBA are GMAT (Score above 550), TOEFL, 2-year full-time work experience, and a bachelor’s degree with a minimum GPA of 2.75 out of 4.00.
Also Read: MBA in Canada without GMAT
Another option for low cost MBA in Canada is the University of Manitoba. University of Manitoba is the first university of Western Canada that was established in 1887. It has more than 29000 students and 145000 alumni members across the globe. Further, it is the only research-intensive university in Manitoba. Additionally, it is the 17th largest university in Canada both in terms of students, and faculty, and the campus area (676 acres). Also, the university ranks 390 in the best global universities.
It provides a full-time MBA course that can be completed in a period of 1 to 2 years and a part-time course that can be completed in 6 years. Additionally, the course is 60 credits long. The fee per credit for international students is $765.26. Further, the admission requirements are a 3-year Bachelor’s degree (min. GPA 3.00), 2-year work experience, and GMAT score of 550.
Another option for low cost MBA in Canada is the University of Northern British Columbia. UNBC is a small university located in Northern British Columbia. Though it originated in 1087, it was established in June 1990. It made a debut in the Times Higher Education World University Ranking in 2017. Additionally, in 2020 UNBC ranked 5th for post-graduate institutes by Maclean’s ranking. Further, its total strength as of 2019 is 3570, out of which 11.1% are international students.
It provides a 21-month MBA course. The next batch begins in August 2021 but the deadline for admission is Dec 15th. Further, the admission criteria demand a three-year full-time work experience in a professional or managerial position, a bachelor’s degree (with a GPA above 3.00), and an English proficiency test. However, it doesn’t require a GMAT score. Its fee is $8150 per semester.
Saint Mary’s University began in 1802, as a boy’s school lead by bishop Edmund. Further, the university has 29% of international students coming from 118 different countries. Also, it has a partnership with 40 institutions in 25 countries abroad. Further, it provides an opportunity for students to go abroad through exchange programs in China, Gambia, and Northern Ireland. Saint Mary’s University was placed 35 out of the hundred-plus institutions for intensity and impact in research.
It provides an MBA program as both full-time (16-months) and part-time (36-months). The admission requirements are a bachelor’s degree (GPA 3.00), 2-year work experience, GMAT (550), and TOEFL or IELTS. The program fee is $43000 for international students.
Also Read: SPP Colleges in Canada
Another option for low cost MBA in Canada is the University of Ottawa. The university is a bilingual public university that began as a college for Baytown in 1848. The university is home to nearly 3000 academic staff and 42000 students. Further, it is a large university with a campus of 105 acres. Additionally, it provides 35000 under-graduate programs and 6000 post-graduate programs. Also, it has 17% (7000) international students from 150 countries.
It provides a full-time (12-months) MBA as well as a part-time MBA (2 to 5 years). Its admission requirements are a bachelor’s degree, 50% GMAT score, three years of full-time work experience, and an English language test. The fee for the entire course for international students is $68000.
In conclusion, there are various opportunities in Canada for students to learn and grow. Especially in 2020, the Canadian government is inviting immigrants from all around the globe. Hence, it is the best time to make use of this opportunity and get settled in Canada. Thus, we are here to help you guide and secure a seat with a scholarship in the best university for a low cost MBA in Canada. Contact us now at ForeignAdmits for admissions.