MBA in Canada Fees, Cost, Top Colleges and Scholarships

MBA in Canada fees range between CAD 30,000 (INR 18.8L) and CAD 90,000 (INR 56.4L), depending on the university, program duration, and location. This makes studying in Canada an attractive choice for international students seeking quality education at competitive costs. 

In this guide, you’ll read more about the detailed MBA fee structure in Canada, top universities and their costs, living expenses, scholarships and financial aid options, and the ROI of pursuing an MBA in Canada. 

MBA in Canada Fees: How much does it cost in 2025? 

When planning an MBA in Canada, understanding the fee structure is essential. Tuition costs vary by university, program length, and location.  

On average, MBA in Canada fees range between CAD 30,000 (INR 18.8L) and CAD 90,000 (INR 56.4L) for the entire program. Compared to the US or UK, Canada offers a competitive option for international students. 

Average MBA Fees in Canada 

Most programs are two years long, though one-year MBAs are also available.  

Here’s a quick look:  

Program Type	Average Fee (CAD)	Approx. INR
Full-Time MBA	30,000 – 50,000	INR 18.8L – INR 31.3L
Executive MBA	60,000 – 90,000	INR 37.6L – INR 56.4L
One-Year MBA	25,000 – 125,000	INR 15.6L – INR 78.3L

Note: Fees vary by university and specialization. Always check official websites for updated figures. 

Factors Affecting MBA Cost 

Several elements influence the total MBA in Canada fees: 

Factor	Impact on Cost	Reason
Tuition Fees	Largest expense	Public: CAD 30,000–50,000 (INR 18.8L–31.3L);   Private: CAD 60,000–90,000 (INR 37.6L–56.4L)
Living Expenses	CAD 10,000–15,000 (INR 6.3L–9.4L)	Higher in Toronto/Vancouver vs smaller cities
Health Insurance	CAD 600–1,000 (INR 37K–63K)	Mandatory for international students
Books & Supplies	CAD 1,500–2,000 (INR 94K–1.25L)	Textbooks and case studies

Now, let us have a look at the best MBA colleges in Canada. 

Top MBA Colleges in Canada and Their Fee Structure 

Choosing the right business school is as important as understanding the MBA in Canada fees. Canada is home to some of the best MBA colleges globally, offering programs that combine academic excellence with strong industry connections.  

Fees vary significantly between universities, so here’s a clear breakdown to help you plan:  

University / Business School	Average Fee (CAD)	Duration
Rotman School of Management (Toronto)	CAD 120,680 (INR 75.6L)	2 years
Ivey Business School (Western University)	CAD 120,500 (INR 75.5L)	1 year
Desautels Faculty of Management (McGill)	CAD 99,500 (INR 62.3L)	16–20 months
Smith School of Business (Queen’s)	CAD 104,100 (INR 65.2L)	1 year
Sauder School of Business (UBC)	CAD 90,057 (INR 56.4L)	16 months
Schulich School of Business (York)	CAD 106,900 (INR 66.9L)	16–20 months
HEC Montréal	CAD 34,000 (INR 21.3L)	1 year
John Molson School of Business (Concordia)	CAD 47,900 (INR 30L)	16–24 months
Alberta School of Business	CAD 37,000 (INR 23.1L)	2 years
DeGroote School of Business (McMaster)	CAD 86,000 (INR 53.8L)	20–28 months

Conversion based on 1 CAD = INR 62.64 

Most Affordable MBA Colleges in Canada 

If you’re looking for an MBA in Canada on a budget, several universities offer programs under CAD 40,000 (INR 25L) without compromising on quality. These schools provide globally recognized degrees and strong career prospects at a fraction of the cost of top-tier institutions. 

Affordable MBA Colleges Under CAD 40,000:  

• Université Laval – CAD 32,730 (INR 20.5L) 

Located in Quebec City, Laval offers a well-ranked MBA program with strong industry connections. 

• Memorial University of Newfoundland – CAD 36,947 (INR 23.1L) 

 Known for its low tuition and practical learning approach, ideal for cost-conscious students. 

• University of Regina – CAD 38,883 (INR 24.3L) 

 Offers a flexible MBA program with affordable tuition and good ROI. 

• University Canada West – CAD 40,635 (INR 25.4L) 

 A private university in Vancouver offering an MBA focused on leadership and innovation. 

Cost of Living for MBA Students in Canada 

When planning your MBA in Canada, it’s important to consider living expenses along with tuition. On average, students spend CAD 1,600–2,500 per month (INR 1.00L–1.56L) on accommodation, food, transport, and utilities.  

These costs can vary slightly by city, but here’s a general breakdown: 

Expense Category	Approximate Cost (CAD)	Approximate Cost (INR)
Accommodation (Shared or 1-BHK)	1,200 – 1,800	INR 75K – INR 1.13L
Food & Groceries	300 – 450	INR 18K – INR 28K
Transportation (Monthly Pass)	100 – 150	INR 6K – INR 9K
Utilities & Internet	150 – 200	INR 9K – INR 12.5K
Total Estimated Cost	1,600 – 2,500	INR 1.00L – INR 1.56L

Source: Numbeo 

Scholarships and Financial Aid for MBA in Canada 

Scholarships can significantly reduce MBA in Canada fees, making programs at the best universities in Canada for MBA more affordable.  

Here are some top options: 

Scholarship	Amount	Eligibility
Ontario Graduate Scholarship (OGS)	CAD 10,000–15,000 (INR 6.3L–9.4L)	Academic excellence; full-time enrollment in Ontario universities
Rotman School of Management Scholarships	Up to full tuition CAD 120,000 (INR 75L)	Exceptional academic record and leadership potential
Ivey Business School MBA Scholarships	CAD 10,000–70,000 (INR 6.3L–43.8L)	Merit-based; strong GMAT and academic profile
Schulich School of Business Awards	CAD 5,000–80,000 (INR 3.1L–50L)	Academic excellence, leadership, and community involvement
UBC Sauder School of Business Scholarships	CAD 10,000–Full Tuition (INR 6.3L–75L)	Regional top talent and leadership skills
Alberta MBA Scholarships	CAD 10,000–30,000 (INR 6.3L–18.8L)	Academic merit and professional experience

Want to know more in detail? Check out: Scholarships for MBA in Canada 

ROI of MBA in Canada – Is It Worth It? 

An MBA in Canada is a significant investment, with tuition ranging from CAD 30,000 (INR 18.8L) to CAD 90,000 (INR 56.4L). But is it worth the cost? The short answer: yes, if you leverage the degree well.  

Graduates from the best universities in Canada for MBA often see strong salary growth and career acceleration. 

Average Salary after MBA in Canada:  

• Starting salary: CAD 80,000–110,000 (INR 50L–69L) 
• Mid-career (3–7 years): CAD 110,000–160,000 (INR 69L–1Cr) 
• Senior roles: CAD 150,000–250,000+ (INR 94L–1.56Cr) 

Payback Period 

Most graduates recover their MBA in Canada cost within 3–5 years, thanks to competitive salaries and strong job prospects in finance, consulting, technology, and healthcare.  

Job Prospects 

Top recruiters include Deloitte, KPMG, RBC, Amazon, and tech firms. Roles range from management consultant and finance manager to product manager and operations head.  

Graduates from top MBA colleges in Canada often double their pre-MBA salary within a few years, making this a smart long-term investment. 

Conclusion 

An MBA in Canada is more than just a degree; it’s an investment in global opportunities. While tuition can range from CAD 30,000 (INR 18.8L) to CAD 90,000 (INR 56.4L), graduates often see strong returns through higher salaries and career growth. Choosing the right school, whether among the best MBA colleges in Canada or more affordable options, depends on your goals and budget. 

When planning, consider the full MBA in Canada fees, including living expenses and additional charges. Scholarships and financial aid can make programs at the top universities for MBA accessible, especially for Indian students. 

With careful planning, an MBA in Canada can deliver excellent value and long-term career benefits. 

Have doubts? Book a free 1:1 session with upGrad experts  

and get all your queries solved today!