An MBA from abroad has always been at the top of the list for an average Indian student. In the last two decades, thousands of students have completed their MBAs from the USA, UK, Australia, and other western countries. However, a very popular trend of an MBA from Canada has recently emerged among students. So, for average Indian students, how much an MBA in Canada cost?
The affordability factor and friendly people are the main reasons for its popularity. Students must wonder which the top universities in Canada are for MBA and how much they cost. Let’s learn about the business schools making Canada a hot destination among students.
University Tuition Fees (Per Annum)
Desautels Faculty of Management, McGill University CAD 44,500
(Rs. 26, 91,406)
Smith School of Business, Queen’s University CAD 91,000
(Rs. 55, 04,830)
Schulich School of Business, York University CAD 52,040
(Rs. 31, 47,605)
Rotman School of Management, University of Toronto CAD 59,450
(Rs. 35, 96,587)
Ivey Business School, University of Western Ontario CAD 1, 11,750
(Rs. 67, 60,615)
MBA in Canada cost
MBA in Canada is one of the most sought-after courses among students designed to provide a world-class experience. Universities in Canada are known for their affordable tuition fees, making them ideal for Indian students from middle-class families.
Besides, meritorious students also get scholarships and financial aid to reduce their financial burden. The average tuition fees for an MBA in Canada range from CAD 30,000 to CAD 40,000 per year, which is more affordable than in other countries.
Cost of living in Canada
The average cost of living for students in Canada includes accommodation, local transportation, and other personal expenses. Although it also depends on the city and the type of accommodation you choose. There are mainly three types of accommodation options available to students in Canada.
1) University accommodation
2) Private flats and
3) Shared accommodation.
The costs of these different accommodations vary from CAD 950 to CAD 14,000 per annum.
Boarding and Lodging Costs
It’s approximately CAD 3,000 to CAD 7,000 per year. However, off-campus private shared housing can cost around CAD 8,500 per year. Other miscellaneous expenses like shopping at grocery stores and restaurants will require students to pay another CAD 300 per month.
Why study MS courses in the USA?
Another equally popular course is MS from the USA. Let’s know about MS fees in USA. If you have recently completed a bachelor’s degree in science and wish to do an MS from the USA, you are on the right page.
There are so many universities in the USA offering MS courses that an aspiring student from India needs clarification about which course to choose. They need to be more knowledgeable about the best universities in the USA. MS from the USA is one of the most popular courses among Indian students. It gives them a foothold in the USA to plan their future career.
Securing an MS degree in the USA can be a dream achievement for any student. For instance, the American government spends around US $476,452 million just for research and development, which is 2.7% of its GDP. Therefore, getting a master’s degree in the USA is the virtual passport to success.
The USA is undoubtedly the most preferred overseas destination for Indian students, followed closely by the UK and Canada. You will be amazed to know that there are more than 2 million MS courses in the US. Besides, you also get an opportunity to earn through a work-study program and work permit after MS. Moreover, merit-based scholarships are also available to deserving students to support their education in the USA.
MS Fees in the USA
So, what is the average MS Fees in USA, along with the cost of living for Indian students?
The average MS fees in USA for the first year are Rs. 23 lakhs. You will have to pay approximately Rs 9 lakhs per year as the cost of living in the USA. However, the cost of living may vary depending on the location of the university candidate’s lifestyle and preferred accommodation. Coming to the cost of a student visa in the USA, there are three types of study visas in the US: F1 visa, J1 visa and M1 visa. The application fee for a USA student visa is $160.