MBA in Canada for Indian Students: Colleges, Fees & Courses

Getting an MBA degree is a very popular choice, and Canada is the perfect destination to get an MBA degree from a well-recognised university. Companies are in constant need of graduates who understand the market and can take their organisations to new heights.

The universities in Canada have the highest acceptance of Indian students because of their impressive skills and determination. Additionally, an MBA in Canada provides a good learning environment and educates students about the Canadian job market. It is beneficial to acquire your degree from the top MBA colleges in Canada as it gives your employers a sense of ease that you will conquer the market easily.

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Top 10 MBA colleges in Canada with fee structure

When it comes to pursuing an MBA degree, the top destination for every Indian student in Canada. Canada provides great opportunities, multicultural exposure and a hassle-free admission process. 

Canadian colleges are highly ranked in the global MBA ranking list, which makes it an attractive and best choice for Indian students. The cost of studying in Canada is lower as compared to the USA & the UK, which can be a great reason for Indian students to study in Canada. 

According to the TOI, more than 3L Indian students went to Canada in 2023 for their higher education, and this figure is expected to grow in 2024.

To help you make an informed decision, below is the table of the top MBA colleges in Canada with fee structure:

MBA Colleges in Canada without GMAT

There are a few universities that consider students with low GMAT scores. However, the candidate needs to have a strong resume, excellent academic records, an impressive statement of purpose (SOP) and a cover letter. 

Below are the MBA colleges in Canada without GMAT for Indian students.

• Ivey Business School- Western University Canada
• Schulich School of Business- York University
• HEC Montreal
• Rotman School of Management
• Telfer School of Management

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Reasons Why an MBA in Canada is Good for Indian Students

Ranking

Getting an MBA degree from a Canadian University is in demand for several reasons. Canadian Universities have made their way to the top 100 Global MBA Ranking list and secured a prominent position despite the fierce competition from the popular Universities in the USA and Europe.

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Easy Process & Affordable

They offer affordability so that Indian students can take advantage of studying outside their home country without having to bear a hefty loan. Canada attracts students from all over the world, thus offering multicultural exposure to students. Moreover, the admission process and student visa approval procedures are simple, with an affordable Canada student visa fee. 

Job Opportunities

After completing an MBA degree in Canada, Indian students have many opportunities. The employment rate in Canada for MBA graduates is relatively high, with many companies seeking qualified professionals to lead their organisations. 

In 2023, MBA graduates’ salary projections in Canada were increased for the tech-MBA roles. The average salaries in major cities are expected to rise by up to 21%. This positive movement is particularly notable in finance, consulting, and technology management roles.

Get detailed information about the demanding jobs and average salaries after an MBA degree in Canada from the table given below:

Opportunity to be part of a global network

Most MBA colleges in Canada have faculty who have work experience in global conglomerates. Such business schools and universities have established relationships with the best contacts – be they individuals, brands, or corporations.

Furthermore, joining MBA colleges in Canada will allow you to know other cultures and exchange and interact with a global population set of peers and professors from different parts of the world. You also get the opportunity to interact and learn from a global alumnus who has been there and done what you are seeking to do.

Here is the list of top recruiters for MBA graduates in the Canada:

Pursuing an MBA in Canada can offer Indian students a promising career path with high-paying jobs and access to top recruiters. The experience and exposure gained from studying in Canada can also significantly enhance the employability of Indian students in the global job market.

Eligibility Criteria For Top MBA Colleges In Canada

Before we look into the top colleges, let us quickly go through the eligibility for MBA colleges in Canada for Indian students.

Here is what you need to keep in mind:

Prior Qualification

If you’re applying to an MBA college in Canada, or anywhere really, you need to hold a completed Bachelor’s degree. The qualification must be from a recognised university. That does not mean that it has to be expensive or world-renowned. MBA colleges in Canada need to know that you have completed your graduation from a government-approved university.

GMAT Score

You need to appear for the GMAT exam and acquire a good score in order to get admission to one of the top MBA colleges in Canada.

Proficiency in the English Language

Since Canada is an English-speaking country, you are required to appear for an IELTS or TOEFL examination and score well. This is to ensure that you can adjust to the country seamlessly and grasp the lectures that are delivered in English.

 You don’t have to be an enthusiast, but you should at least understand, read, write and speak the English Language fluently.

Work Experience

Even though it is not mandatory to have work experience, most MBA colleges in Canada prefer to admit students who have some prior industry experience. This allows you to bring more perspective to the classroom scene where the discussions are professional. 

The top MBA universities in Canada are highly favourable to those with work experience.

Cost to Study in Canada for Indian Students

The cost to study in Canada for Indian students varies depending on the university and the program. Generally, the cost of studying in Canada is lower compared to the USA and the UK, making it an attractive destination for Indian students. 

The tuition fees for MBA programs can range from INR 17.5L to INR 85.6L. However, the cost of living, including accommodation, food, transport, and other expenses, can add up to the overall expenses. It is essential to plan and budget accordingly to manage the cost of studying in Canada. 

Below is a table of the approximate tuition fees for MBA programs at the top universities in Canada for Indian students:

Financial Aid for Indian Students

The living expenses for a student in an MBA college in Canada can cost up to INR 20,000 to INR 30,000 if you live off-campus, which can go up to INR 1L to INR 10L if you choose to live on campus. Considering all auxiliary expenses, the total cost of living would be about INR 57L per year. 

To ease your stay as an International student in Canada. Many MBA colleges in Canada provide various scholarships for Indian students.

Here is the list of scholarships provided by MBA colleges in Canada:

Application Process for MBA in Canada

The application process to apply for an MBA in Canada is quite lengthy, which is why it is suggested to start the application process 15-18 months before the target session. To obtain the application form, you need to visit the university’s official website. 

Documents required to apply in Canada:

• All the documents of your graduate program
• GMAT score and English language proficiency test score (TOEFL or IELTS)
• Financial documents and bank account statements
• Resume, CV, SOP, Cover Letter and Work-experience document
• Visa documents
• LOR (Letter Of Reccomendation)

Final Thoughts

However, there are various scholarships that can be availed to fund the cost of an MBA course in Canada for Indian students. They could either be Entrance Scholarships or Application-Based Scholarships, for which you might need to provide an additional essay stating why you need that scholarship. 

You may like to check the terms and conditions to avail the Scholarship details with Leap Scholar for your higher education. 

These programs always look for well-deserving students with a passion for their careers. They have designated mentors and IELTS coaches to help you prepare for every step of your application process.

There are other expenses to be taken into account when applying to Canada, such as the cost of living. But you are not alone. There are many Indian students, as well as native Canadians, who face similar problems. That is why the government of Canada permits part-time jobs for students. 

You can get institutional knowledge from the MBA colleges in Canada. However, you also get hands-on experience in the Canadian market through your part-time jobs. This enables you to upgrade your CV with actual experience in Canada, thus increasing your chances of getting hired easily.

Success comes to those who are ready to work for it. Qualifying to study in MBA colleges in Canada is quite an accomplishment in itself. You can always apply for financial aid and figure out alternate methods of paying fees. The opportunities that follow the program make it worthwhile. The salary of students graduating from MBA colleges in Canada is considerably double.

The demand for employment in the country is also higher than in most regions. The benefits of acquiring higher education from MBA colleges in Canada outweigh the little bit of hard work you must put in. This is the time to achieve all your career goals.

And if you’re considering other options like the UK, USA and Australia, we’ve got you covered, too. Schedule a free consultation with our experts today for personalised guidance and advice.

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• Cost of Studying in Canada for Indian Students

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