Are You Eligible For MBA In Canada? (Ultimate Checklist)

Planning to study MBA in Canada?

Well, you are not the only one. Every year, thousands of Nepalese students apply to study MBA in Canada but only a handful of students become successful to study MBA in Canada. How can you be one of that handful of students? Well, you must know everything about MBA in Canada, from eligibility and requirements to the application process, before you apply to study in Canada from Nepal.

If you are also from those who want to study MBA in Canada but have no idea about its benefits and application process then don’t worry. Consultancy in Nepal for Canada – Goreto Educational is here to help you out. Here is an ultimate guide to studying MBA in Canada for international students.

Table Of Content:-

1. Why MBA In Canada?
2. What Are The Cost Of Studying MBA In Canada?.
3. What Are The Types Of MBA In Canada? 4. What Are The Popular MBA Specializations In Canada? 5. Top 10 MBA Colleges In Canada6. Requirements For MBA In Canada For International Students7. Frequently Asked Questions

Why MBA In Canada?

The MBA degree focuses on various aspects of management such as business administration, healthcare administration, and investment management. You may be wondering why should a student choose Canada for an MBA degree. Well, it is simply because of the quality education Canada provides to its international students.

Studying MBA in Canada allows students to discover practical business solutions using real-life study applications and experiential knowledge. Below we have listed some more reasons why Canada is best for MBA for international students.

1. As a Canadian MBA degree is recognized globally, it enhances the career prospects and earnings potentials of students.
2. Universities and colleges in Canada offer a quality MBA program at a very affordable price as compared to other countries.
3. Not only the academic fees are low in Canada but the living expenses in Canada are also very low than in other countries.
4. Canadian universities offer internship opportunities to their international students so that they could have industry experience while studying MBA.
5. A Canadian MBA degree offers multiple career opportunities in the business, management, and accounting fields.
6. As Canada is a multicultural country, this helps students to expand their cultural perspective of business and management.

What Are The Cost Of Studying MBA In Canada?

Universities offer MBAs in Canada at a very low cost. Not only the tuition fees but the living expenses in Canada is also very low. From accommodation costs to transportation costs, Canada is way cheaper than in the United Kingdom, the United States, and Australia.

Tuition Fees

The average tuition fee of an MBA in Canada costs between $30,000 and $40,000, which is far less than what the US, UK, and Australia charge.

Remember that in Canada itself, tuition fees vary from city to city and university to university. For example, the universities of Newfoundland have the lowest tuition fees while the universities of Ontario have the highest tuition fees in Canada.

Moreover, the tuition fee of an MBA course in Canada also depends on which MBA degree program you have chosen. Masters in Business, Computer Science, Engineering and Law are the most expensive MBA programs in Canada.

These MBA programs can cost you up to C$ 60,000. If you are confused about which university of which state you should go with then connect with Goreto Educational Consultancy. We will help you choose the best university and the best MBA program for you in Canada.

Accommodation Costs

The housing options for international students in Canada are:

Student residences: C$ 250 – C$ 625 per month
University-arranged homestays: C$ 400 – C$ 800 per month
Rent & share an apartment: C$ 300 – C$ 700 per month
One-room apartment: C$1,000 per month

Note: The room rents in Canada may depend on the location and facilities. You will need to pay extra money for other basic utilities such as electricity, water, heating, and garbage. This will cost you around C$150 per month. Moreover, using the internet in Canada costs you from C$50 to C$70.

Food Costs

Low groceries bills make student life in Canada very easy. You don’t have to spend too much money on food bills in Canada because groceries costs in Canada are also very cheap. You will have to spend only around C$ 300 per month when you buy groceries from local supermarkets in Canada.

Additionally, snacks and meals are also very cheap in Canada. A three-course meal for two people in a mid-range restaurant costs only between C$ 50 and C$ 65.

Transportation Costs

Transportation costs for students in Canada are very low. Anyone between 18 and 25 years old will get discounts when they purchase a monthly transport pass. A transportation pass in Canada costs you C$ 90 per month. A one-way ticket is worth C$ 3 for students.

What Are The Types of MBA In Canada?

In recent years, the number of applicants for an MBA in Canada has increased, with most MBA universities in Canada offering full-time and part-time options. In addition to full-time and part-time MBA programs, the universities of Canada also offers Executive MBA program to international students.

Let’s discuss all these types of MBA in Canada.

1. Full-Time MBA Program

The full-time MBA program includes everyday day classes where students can have a great campus experience. You can take classes, join clubs and social events when you choose a full-time MBA program in Canada.

Most of the full-time MBA programs offer a summer internship where students can get real-life experience and explore career different options. The duration of a full-time MBA program in Canada is 1 to 2 years.

2. Part-Time MBA Program

On the other hand, In a part-time program, students only get to take classes at night and on weekends. Most of the MBA programs in Canada offer students one or two classes on weekends. However, when you choose a part-time MBA, you get to do a full-time job.

Students need three or more years to complete a part-time MBA program in Canada. Since a part-time MBA program covers the same content as the full-time MBA programs (just over a longer period of time), the fees of the part-time and full-time programs do not vary much.

3. Executive MBA (EMBA)

Executive MBA is very different than Full-Time MBA and Part-Time. The Executive MBA, also known as EMBA, is a practice-oriented graduate business degree that is designed for working professionals at senior executive levels. Executive MBA helps working professionals to share their peer experience, enhance their knowledge and broaden their horizons.

Students can apply for an Executive MBA if only they have at least 5 to 7 years of experience in the related field. GMAT scores are not required for to study an Executive MBA. One can work while studying EMBA in Canada.

The duration of an EMBA course in Canada is one year and it can cost anywhere from C$ 29,000 to C$ 145,000 CAD. Don’t worry because it is like an investment. Studying EMBA will pay you back a lot. An EMBA degree holder gets a job in Canada and can earn up to C$ 207,000 annually.

4. Dual Degree MBA

MBA colleges in Canada also offer Dual Degree MBA programs which are specially designed for students who want an MBA and a second complementary degree concurrently. One who joins a Dual Degree MBA program can get both an MBA degree and another graduate degree in engineering, medicine, science, law, education, or technology.

Popular Specializations For MBA In Canada

Choosing the best If you are among those who are looking for specialized MBA programs to apply then don’t worry because here we Goreto – consultancy for Canada study have listed the top five most popular specialized MBA programs of Canada. Check it out.

1. General Management

General Management is the most popular specialized MBA program in Canada. General Management programs cover a wide range of topics such as human resources, marketing systems, and UX. This program offers a variety of management skills, perspectives, and competencies that students can apply in the related fields or organizations.

2. Hospitality Management

Oh, so you are interested in the tourism sector? Well, Canada offers a specialized MBA program in Hospitality Management as well. Mba in Hospitality Management in Canada helps you develop your business strategies in the tourism industry. You get to learn how to manage quality food and accommodate and satisfy your customers.

3. International Management

If you are dreaming to work abroad in multi-national companies then the specialized MBA program is the perfect program for you. The international management program allows you to learn critical skills, finance, operations, and strategies to do business with international companies globally.

4. Marketing

Is marketing and advertising is your field? Well, if yes then you must consider choosing a specialized Marketing program for your MBA. The Marketing MBA program will make you perfect in promoting products and services, and executing marketing campaigns. It will also develop your communication skills with customers and will upgrade your growth to marketing skills.

5. Finance Leadership

If you are among those who prefer focusing on finance then a specialized MBA in Finance Leadership could be the best option for you to study in Canada from Nepal. You get to learn accounting, statistics, analytics, and more in a Finance Leadership MBA program.

Top 10 MBA Colleges In Canada

If you are curious to know, which universities are best to study MBA and confused about which MBA universities should you go with to pursue your studies in Canada then don’t worry.

Below, Goreto Educational Consultancy has created a table of 10 top MBA universities in Canada with their tuition fee, GMAT Score, location, and type of MBA program.

Come and connect with Goreto Educational Consultancy. We will help you find the best university for your MBA program. Unlike other consultancies, we at Goreto Educational Consultancy never fail to gain the trust of our clients. We will help you throughout college selection for the visa application.

Requirements For MBA In Canada For International Students

It’s not a piece of cake to study MBA. In fact, there are a few important criteria students have to meet in order to apply for an MBA program in a Canadian university. Below we have mentioned some most common requirements a Nepalese student have to fulfill before applying for a study permit in Canada.

1. Academic records of Bachelor’s degree from a college
2. GMAT score
3. Must have work experience in relevant fields
4. English language proficiency test scores (IELTS or TOEFL)
5. Statement of Purpose
6. Two Recommendation Letters
7. Bank statements for financial proof.

There are a few universities in Canada that do not ask for any work experience of a candidate. New York Institute of Technology, Thompson Rivers University, Cape Brenton University, University of Windsor, and Brock University are among those universities.

Once you fulfill all the requirements, after a preliminary review, you will be shortlisted for the interview process. Once you pass the interview, you become eligible to apply for a study permit in Canada.

As the application process for MBA can be lengthy, being one of the best consultancy in Nepal for Canada we recommend you to start your MBA application process for Canada at least 1 to 2 years earlier.

Frequently Asked Questions

1: How much does it cost to complete MBA in Canada?
Canadian universities offer MBA programs at a very affordable cost. The average tuition fee ranges from $30,000 to $40,000.

2. What are the minimum fees for MBA in Canada?
The Memorial University of Newfoundland offers an MBA program at just CA$ 2,859. This is most likely the minimum fee a university charges to study.

3. What exam is required for MBA in Canada?
A student has to participate in a Graduate Management Admission Test to apply for MBA. Universities in Canada admit students to MBA programs based on their GMAT scores.

4. Which is the cheapest MBA for international students in Canada?
These are the top 5 cheapest universities:-

• Memorial University of Newfoundland – CA$ 2,859
• University of Northern British Columbia – CA$ 3,604
• University of Manitoba – CA$ $4,456
• University of Saskatchewan – CA$ 4,992
• University of New Brunswick – CA$ 12,030

If you are planning to join an MBA program in Canada and need some tips and guidance for it then Goreto – best consultancy in Nepal for Canada is here to help you out.

We have an expert team for counseling and giving the students the right guidance to make their dreams come true also help students throughout college selection to the visa application.

As a genuine consultancy, Goreto’s effort is to perform as a bridge between colleges/universities and Nepalese students.

Goreto Educational Consultancy has been consulting students to study abroad, especially in Canada, for more than a decade. Students from Nepal can get complete information about everything here.

Unlike, Other educational consultancies in Nepal, Goreto Educational Consultancy does not leave the hands of the students after they are off the board. Connect with us now. We are based in Baneshwor, Kathmandu.