If you’re an Indian student dreaming of pursuing an MBA in Canada, one of the first questions you’ll ask is: How much does an MBA cost in Canada? From tuition to living expenses, this guide provides a clear and detailed breakdown of everything you need to budget for.
Quick Overview
Category | Average Cost (INR) | Average Cost (CAD) |
Tuition (International) | ₹50–₹85 lakhs | CAD 90,000–140,000 |
Tuition (PR Students) | ₹30–₹50 lakhs | CAD 45,000–75,000 |
Living Expenses (Annual) | ₹10–₹15 lakhs | CAD 18,000–25,000 |
Total Cost (2 years, avg) | ₹70–₹100 lakhs (approx.) | CAD 120,000–165,000 |
Exchange rate used: 1 CAD ≈ ₹62 (subject to change)
MBA Cost in Canada for Indian Permanent Residents
If you hold Canadian PR, your tuition fees drop significantly. Here’s a comparison:
University | PR Tuition (CAD) | PR Tuition (INR) |
Rotman | 67,210 | ₹41.7 lakhs |
Desautels | 46,000 | ₹28.5 lakhs |
Sauder | 49,000 | ₹30.4 lakhs |
Schulich | 57,000 | ₹35.3 lakhs |
Smith | 45,000 | ₹28 lakhs |
Note: These rates are only applicable to PR holders. Indian passport holders without PR must pay international rates.
Cost of Living in Canada for Indian Students
Beyond tuition, Indian students should also budget for living expenses:
|
Expense Category |
Monthly (CAD) |
Annual (INR) (approx.) |
|
Accommodation (shared) |
600–1,000 |
₹4.5–₹7.5 lakhs |
|
Food |
200–400 |
₹1.5–₹3 lakhs |
|
Transport |
80–120 |
₹0.6–₹0.9 lakhs |
|
Health Insurance |
50–100 |
₹0.4–₹0.8 lakhs |
|
Other/Miscellaneous |
100–200 |
₹0.7–₹1.5 lakhs |
Scholarships to Reduce MBA Cost in Canada
Indian students can apply for various merit-based and need-based scholarships:
- Rotman Entrance Awards
- Ontario Graduate Scholarship
- Scotiabank International Student Scholarship
- Desautels MBA Entrance Awards
Most universities automatically consider applicants for scholarships during admission.
Quick Checklist for Visa Application
- IRCC Account & Online Form
- Fee Payment Receipt (Visa + Biometrics)
- Letter of Acceptance from Canadian Institution
- GIC Proof
- Medical and PCC Certificates
- VFS Appointment & Document Submission
Final Thoughts on MBA in Canada Costing
The cost of studying MBA in Canada for Indian students can be a major investment—but one with strong returns. With the right planning, scholarships, and potential PR status, you can significantly lower your overall expenses and launch a global career.
If you’re ready to take the leap, start by shortlisting programs that match your budget and career goals.
Frequently Asked Questions (FAQ's)
How much does an MBA cost in Canada for Indian students?
It costs between ₹50 lakhs to ₹90 lakhs, depending on the university and duration.
Can Indian students get cheaper MBA tuition?
Yes, if you become a Canadian PR, you’ll pay domestic fees, saving up to 40–50%.
How much does it cost to live in Canada as an MBA student?
The average living expense is around ₹10–15 lakhs per year.
Is an MBA in Canada worth it for Indian students?
Absolutely. Canada offers high-quality education, post-study work permits, and PR pathways, making the ROI attractive.