Top 10 Cheapest MBA In Toronto For International Students (2023)

Pursuing an MBA degree is a big investment, both in terms of time and money. For international students looking to study in Toronto, the cost can be even higher. However, there are several affordable options available that can help make the investment more manageable.

The top 10 cheapest MBA in Toronto for international students include the Memorial University of Newfoundland, University of New Brunswick, Laval University, University of Victoria, McMaster University, University of Sherbrooke, Concordia University, Vancouver Island University, Carleton University, and Saint Mary’s University.

Top 10 Cheapest MBA In Toronto For International Students

1. Memorial University of Newfoundland

Tuition Fee: $4,833

The Memorial University of Newfoundland was established in 1925. It is a public university located in St. John’s, Newfoundland and Labrador, Canada. It offers undergraduate and graduate programs to around 18,000 students and has over 2,400 faculty and staff.

One of the main draws of Memorial University of Newfoundland is its affordability, particularly when it comes to MBA programs. The school offers one of the cheapest MBA in Toronto for International students.

The university ranks first in Canada when it comes to affordability for MBA programs, with fees at just $4,833 per year.

This makes Memorial University of Newfoundland an attractive option for students who want to pursue an MBA while keeping the cost of their education in check.

2. Saint Mary’s University – Sobey School of Business

Tuition Fee: $11,018.

Founded in 1802, Saint Mary’s University is a public research university located in Halifax, Nova Scotia, Canada. It has over 7,000 students and offers undergraduate, graduate, and doctoral programs. The university has over 900 faculty and staff.

Saint Mary’s University – Sobey School of Business is AACSB-accredited and is known for its strong, low-cost MBA program for international students.

With 50% of students from outside Canada, the Sobey School of Business is dedicated to providing students with a high-quality education that prepares them for success in their chosen careers.

The accelerated MBA program at Saint Mary’s University – Sobey School of Business is designed to provide students with a comprehensive education in the field of business in just 12 months. The accelerated MBA fees at Saint Mary’s University are CAD 11,018.

3. University of New Brunswick

Tuition Fee: $12,410

The University of New Brunswick was founded in 1785. It is Canada’s oldest English-language university. It has two main campuses in Fredericton and Saint John, New Brunswick, and offers undergraduate and graduate programs to around 11,500 students. The university has over 1,400 faculty and staff.

The University of New Brunswick is well-known for its entrepreneurial spirit and is often referred to as one of the most entrepreneurial universities in Canada. This entrepreneurial spirit is reflected in the university’s business programs, including its MBA program.

The MBA program at the University of New Brunswick is affordable, with fees of $12,410 per year.

4. University of Victoria

Tuition Fee: $12,737

Founded in 1963, the University of Victoria is a public research university located in Victoria, British Columbia, Canada. It has over 22,000 students and offers undergraduate, graduate, and doctoral programs. The university has over 3,300 faculty and staff, making it one of the largest universities in Canada.

The university is dedicated to providing a high-quality education to its students and offers a variety of programs, including an affordable MBA program.

With fees at $12,737, the University of Victoria’s MBA program is an attractive option for students who want to pursue an MBA while keeping the cost of their education in check.

5. University of Sherbrooke

Tuition Fee: $13,065

Founded in 1954, the University of Sherbrooke is a French-language public research university located in Sherbrooke, Quebec, Canada. It has over 31,000 students and offers undergraduate, graduate, and postgraduate programs. The university has over 5,000 faculty and staff.

The MBA program at the University of Sherbrooke is designed to provide students with the knowledge and skills necessary to succeed in the business world.

The University of Sherbrooke offers one of the most affordable MBA in Toronto for International students with course fees for an MBA degree at $13,065.

6. Laval University

Tuition Fee:  $14,774

Established in 1852, Laval university is a French-language public research university located in Quebec City, Quebec, Canada. It has over 42,000 students and offers a range of undergraduate, graduate, and postgraduate programs. The university has over 6,000 faculty and staff

One of the unique features of Laval University is its MBA program, which spans over one and a half years.

This program is designed to provide students with a comprehensive understanding of business and management, while also keeping the cost of their education in check. Laval University’s MBA program is the cheapest in Canada, with fees at $14,774.

7. McMaster University

Tuition Fee: $19,868

Established in 1887, McMaster university is a public research university located in Hamilton, Ontario, Canada. It has over 30,000 students and offers undergraduate, graduate, and doctoral programs. The university has over 5,000 faculty and staff.

McMaster University is one of the most renowned universities in Canada and is known for its high-quality education and research programs. The university is ranked 5th in Canada and among the top 150 universities in the world.

McMaster University is particularly well-known for its research programs in science and engineering, and also offers affordable MBA programs starting at $19,868.

8. Vancouver Island University

Tuition Fee: $25,600

Founded in 1969, Vancouver island university is a public university located in Nanaimo, British Columbia, Canada. It has over 15,000 students and offers undergraduate, graduate, and certificate programs. The university has over 900 faculty and staff.

Vancouver Island University is known for its international attendance, with students from over 20 countries. The MBA program at Vancouver Island University is designed to provide students with the knowledge and skills necessary to succeed in the global business world.

With a focus on practical, hands-on learning, students will develop a deep understanding of the business landscape and the tools necessary to succeed in their careers. The MBA fees at Vancouver Island University are $25,600.

9. Carleton University

Tuition Fee: $26,918

Established in 1942, Carleton university is a public research university located in Ottawa, Ontario, Canada. It has over 31,000 students and offers undergraduate, graduate, and doctoral programs. The university has over 2,500 faculty and staff.

Carleton University is ranked 22nd in Canada and is known for its international business courses and entrepreneurship programs.

The MBA program at Carleton University is designed to provide students with a comprehensive education in the field of business, with a focus on international business and entrepreneurship.

With a commitment to hands-on learning, students will develop the skills and knowledge necessary to succeed in a variety of business environments. The MBA fees at Carleton University are $26,918.

10. Concordia University

Tuition Fee: $27,168

Established in 1974, Concordia university is a public research university located in Montreal, Quebec, Canada. It has over 50,000 students and offers undergraduate, graduate, and postgraduate programs. The university has over 6,000 faculty and staff.

Concordia University is ranked 17th among the top universities in Canada and is in the top 500 universities worldwide. It is known for being one of the top 10 business schools in Canada, with its MBA program ranked 24th worldwide and 5th in Canada.

The MBA program at Concordia University is designed to provide students with a comprehensive education in the field of business.

With a focus on practical, hands-on learning, students will develop the skills and knowledge necessary to succeed in a variety of business environments. The MBA fees at Concordia University are $27,168 making it one of the cheapest MBAs in Toronto for International students.

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• Top 10 Cheapest English-Speaking Countries To Study Abroad

Wrap Up

There are several affordable MBA options available for international students in Toronto. From large universities to specialized business schools, these programs provide students with the education and experience necessary to succeed in the business world.

By choosing one of these 10 cheapest MBAs in Toronto for international students, you can pursue your dreams of obtaining an advanced business degree without breaking the bank.