MBA in Canada fees for Indian students is between 18.45 lakhs to 25 lakhs per year, even for premier Canadian universities like Concordia, University Canada West, and York University. Obviously, tuition fees for top-ranking MBA colleges in Canada goes up to even 70 lakhs per year. Despite this, studying MBA from Canada is more affordable than USA where the average fee is between 25 lakhs to 40 lakhs. If you include the cost of living as well, the overall cost of studying MBA in Canada is lower than MBA in USA. Check: MBA in Canada vs MBA in USA
Before the tuition fees for MBA courses in Canada, Indian students have to incur pre-arrival costs. This amount is roughly up to 9 lakhs and includes costs for standardized tests, application fees, Canada visa fees, GIC, and health insurance. Now, let's check out MBA in Canada fees in rupees for Indian students:
Looking for affordable MBA colleges in Canada? Checkout 10 Low Cost MBA Colleges in Canada
Accommodations Cost in Canada in Indian Rupees
Students can choose between on-campus or off-campus housing options. On-campus accommodations range from 3000 to 7500 CAD a year, this is 1,68,000 INR to 4,21,000 INR. Off-campus housing charges vary from city to city.
| Province | Avg Monthly Rents in INR |
|---|---|
| Alberta | 27,000 |
| Ontario | 33,000 |
| Quebec | 23,000 |
| British Columbia | 48,000 |
| Newfoundland | 27,000 |
| New Brunswick | 25,000 |
| Nova Scotia | 28,000 |
| Manitoba | 27,000 |
| Saskatchewan | 31,000 |
Other Expenses in Canada
There are a lot of expenses involved when staying abroad, such as accommodations, book & materials, food, internet, phone, etc. The cost of living in Canada and maintaining a lifestyle are as follows:
| Expense | Monthly Costs in INR |
|---|---|
| Books and Material (yearly) | Up to 1 lakh |
| Health Insurance | 33,000 to 55,000 |
| Food | 15,000 |
| Transport | 2,000-4,000 |
| Entertainment | 8,000 |
| Phone & Internet | 2,000 |
MBA graduates who successfully complete a two-year master's program at a Canadian university are eligible for a three-year work permit and an annual salary that ranges between CAD 88,000 and CAD 98,000 i.e around 54.15 lakhs to 60.30 lakhs for an Indian student. Checkout: MBA in Canada Salaries & Employers
Cost of MBA in Canada in Indian Rupees: Highlights
| Expense Type | Costs (INR) |
|---|---|
| IELTS Fee/ TOEFL Fee (one-time) | 12,000 INR/14,500 INR |
| Application Fees (one-time) | 5000 INR to 9000 INR |
| Tuition Fees (yearly) | 3 lakhs INR to 73 lakhs INR |
| Books and Material (yearly) | Up to 1 lakh INR |
| Accommodations (yearly) | 0.33 Lakhs INR to 7 Lakhs INR |
| Purchase of GIC (one-time) | 5.5 Lakhs INR |
| Visa Application Fees (one-time) | 8,400 INR |
| Biometric for Visa Fees (one-time) | 4,700 INR |
| Health Insurance (yearly) | 50,000 INR |
| Airfare (one-time) | 33,000 INR onwards |
| Food and Beverages (yearly) | 22,000 INR to 26,000 INR |
Also Check:
FAQs
Ques. How much does MBA in Canada cost?
Ans. The cost of pursuing MBA in Canada can be divided into two parts: Pre-arrival and post-arrival fees. Pre-arrival cost is a one-time cost and includes registration fees for IELTS, TOEFL, GRE, and GMAT which range between 12,000 to 15,000 INR. Post-arrival expenses include the cost of living and tuition fees which approximately costs around 80 lakhs and 3 lakhs to 73 lakhs per annum. Indian students also have to apply for visas and the application fees cost 8,400 lakhs INR.
Ques. Is MBA from Canada worth it?
Ans. Pursuing MBA from Canada costs around 11,18,100 to 87,97,600 INR per annum. Comparatively, Indian students can earn up to 59 lakhs – 1.4 crore INR per year. Thus, it is fair to say that pursuing MBA in Canada is worth it.
Ques. Is Canada expensive for Indian students interested in pursuing MBA?
Ans. MBA from Canada is cheaper than USA and UK but definitely costlier than business schools in Asian countries. Tuition fees of business schools offering MBA in this country is around 59 lakhs – 1.4 crore INR per year.
Ques. Can I study MBA in Canada with no money?
Ans. You will need a fully funded scholarship to study MBA in Canada with no money which is almost impossible to get. Even if you do manage to get a fully funded scholarship, there are additional costs involved not covered by these scholarships such as visa fees, registration fees of various tests, application fees, and additional utility expenses such as books, transport fees, etc.
Ques. How much does it cost to go to Canada from India for pursuing MBA?
Ans. One-time airfare between Canada and India is higher than 33,000 INR. However, Indian students also have to pay other costs such as application fees (5000 to 9000 INR), visa application fees (8,400 INR), biometric fees (4,700 INR), and registration fees for tests (12,000 to 15,000 INR).
Ques. How much bank balance is required for Canada visa?
Ans. Indian students pursuing MBA in Quebec are required to show proof of 6.2 lakhs for funds per year. Outside Quebec, this amount is limited to 5.6 lakhs per annum.
Comments