MBA Degree Cost Calculator – Canada
Here is a table summarizing key information regarding the cost of pursuing an MBA in Canada, including tuition fees, living expenses, and other factors you should know.
| Aspect | Details |
|---|---|
| Average Tuition Fees (Domestic) | CAD 30,000 – CAD 60,000 |
| Average Tuition Fees (International) | CAD 40,000 – CAD 100,000+ |
| Duration | Typically 1 to 2 years |
| Top MBA Schools | – University of Toronto (Rotman School of Management) – McGill University (Desautels Faculty) – University of British Columbia (Sauder) – Western University (Ivey Business School) – Queen’s University (Smith School) |
| Cost of Living (Annually) | CAD 15,000 – CAD 25,000 (varies by city and lifestyle) |
| Application Fees | CAD 100 – CAD 200 |
| Health Insurance | CAD 600 – CAD 1,000 per year |
| Textbooks and Materials | CAD 1,000 – CAD 2,000 per year |
| Scholarships and Financial Aid | Available through government, universities, and private organizations |
| Work Opportunities | Students can work part-time (up to 20 hours/week) during the program |
| Post-Graduation Work Permit (PGWP) | Eligible for a PGWP of up to 3 years upon completion |
| Average Starting Salary | CAD 70,000 – CAD 120,000+ (depending on industry and experience) |
| Top Industries Hiring MBA Graduates | Consulting, Finance, Technology, Healthcare, Marketing |
Key Points:
- Tuition fees can vary widely depending on the school and program.
- Living costs are generally higher in larger cities such as Toronto, Vancouver, and Montreal.
- International students typically pay higher fees compared to domestic students.
- Scholarships and assistantships are available to help offset the cost.
- Many programs offer networking opportunities, internships, and career services to assist with job placement.