The 5 Most Affordable Canadian MBA Programs
For many the MBA cost of entry might appear too high. One could certainly find more affordable alternatives, but it might not open the same doors that elite programs can. The choice is even more pronounced in Canada, which typically only cost a fraction that the elite U.S. schools offer.
We’ve taken it upon ourselves to profile five of the most affordable AACSB-accredited schools in Canada, which are testaments to the possibility that prospective b-schoolers can find a top-quality MBA program that won’t break the bank.
The 5 Most Affordable Canadian MBA Programs
HEC Montreal, one of the best-regarded MBA programs in the world, is also extremely affordable. Students from Quebec pay $8,200 CAD in tuition and fees per year; French and French Belgian students also pay the same amount. Students from the other Canadian provinces pay $17,500 CAD, and international students pay $34,000 CAD.
Also located in Montreal, the John Molson School of Business at Concordia University is a highly-regarded institution that possesses multiple accreditations and high rankings from the likes of Bloomberg and other institutions. Like HEC, Molson also provides a very affordable education. Quebec students pay $5,900 CAD in tuition and fees. Students from the other Canadian provinces pay $13,300 CAD, and international students are charged $37,100 CAD.
The Sobey School of Business at Saint Mary’s University in Halifax, Nova Scotia maintains multiple accreditations and is highly regarded by institutions such as Corporate Knights. For Canadian citizens and permanent residents, the total tuition and fees total just $29,546 CAD. For international students, tuition and fees total $41,635 CAD.
The highly-rated Ted Rogers School of Management at Ryerson University is located in the heart of Toronto, offering many professional opportunities to business school students. Canadian students pay $22,358.57 CAD in tuition and fees for their education. International students pay $35,818.86 in tuition and fees.
Located in the provincial capital of St. John’s, the Memorial University of Newfoundland passes along the substantial subsidies it receives from the province along to its students. Students from Newfoundland and Labrador will pay $8,943.46 CAD in total tuition and fees. Students from the rest of Canada will pay $10,659.46 CAD, and international students will pay $12,891.46 CAD. These are some of the lowest tuition fees in the country.
These schools may increase tuition and fees in the future In addition, these are the base tuition rates, which assumes students complete all work on campus. International study-abroad programs raise the total amount of tuition and fees. These totals also do not include textbooks and living expenses (housing, food, clothing, Internet access, etc.). While some of these expenses are less than others, they all should be considered. Although cost should be a consideration, ensure that you choose a school that meets your needs and is in a location where you can thrive.
The five schools presented here all provide an excellent affordable Canadian MBA options. Ensure that you pick one that will help you achieve your career goal.
Investing in Your Future With These New MBA Jobs
Finance careers continue to be a popular and lucrative option for recent MBA graduates. The work is varied, as finance relates to many industries and companies. In addition, the field is obviously very rewarding, with average graduate earning more than $140,000 according U.S. News & World Report. One of the most popular and well paid areas of finance is work at investment banks.
According to the Corporate Finance Institute, investment banking is the division of a financial institution that aides governments, corporations, and organizations through capital raising and mergers and acquisitions advisory services. Investment banks typically act as intermediaries between investors and corporations, and are often popular landing spots for MBA degree holders to bring their talents. Here’s a look at some of the best new MBA jobs in the investment banking sector: Continue reading…
5 Questions With Imran Kanga, Rotman’s MBA Director of Admissions
In our latest installment of the MetroMBA “5 Questions” series, we speak with Imran Kanga, Director of Recruitment & Admissions of the full-time MBA program at the Toronto Rotman School of Management. Kanga discusses what students should know before applying and the culture of the program.
What type of MBA student flourishes at Rotman?
Imran Kanga, Director of Recruitment & Admissions of the full-time MBA program.
“Students who flourish in the Rotman full-time MBA program are highly driven and motivated individuals who have demonstrated leadership potential and academic excellence in their prior work and education. Our students also demonstrate excellent communication and interpersonal skills and thrive in a team environment, which not only is a significant part of the program but also sets them up for success in the workplace after graduation.”
What should prospective students know about the Rotman MBA program before they apply/start?
“The Rotman MBA program is a big commitment, both in terms of time and money. I would encourage prospective students, before they apply or start the program, to thoroughly research the program, the university, the city, and the career opportunities that potentially await them. It is important for them to speak to faculty, alumni, our career coaches, current students, and also the admissions team to understand what the requirements are and what they can expect from the program.
The FT MBA program is extremely rigorous and demanding, but it is also a very rewarding experience, and students need to be prepared before starting the program.”
What makes Rotman stand out amidst other Canadian MBA programs?
“There are so many factors that distinguish the Rotman MBA from other Canadian programs. To focus on a few…
- Being part of Canada’s largest and top-ranked University, Rotman MBA students enjoy the benefits of not only all the resources that the business school offers but also the University of Toronto as a whole. This includes being part of an extended global alumni network and a strong brand that is globally recognized.
- Our location in the heart of the largest city in Canada gives our students unfettered access to the largest business network in the country.
- Rotman also has some unique labs such as the Creative Destruction Lab, which supports startups in technology and disruptive innovation to scale and also gives our students the opportunity to work with these companies. Our one of a kind Self-Development Lab uses advanced technology and analytics to help students improve their soft skills such as communication, negotiation and presentation skills.”
How would you describe the culture of Toronto Rotman?
“The culture at Rotman is very much student success driven. Faculty, staff, alumni, and various other stakeholders work closely with students throughout their MBA journey to ensure that they are set up for success both during and after the MBA program.
At Rotman, we are also extremely committed to diversity and inclusion. Our students are extremely diverse, coming from all over the world and have different education and work backgrounds, which fosters a culture of knowledge sharing, support, and collaboration.
Our Dean Tiff Macklem is focused on continuous improvement, innovation, thought leadership, and research excellence, which is also central to Rotman’s culture.”
Where is your favorite place to visit in Toronto? Why?
“As a foodie, my favorite area of Toronto is the downtown core, which has a wide variety of restaurants and cuisines from all over the world, owing to the city’s incredibly diverse population.”
Real Humans of the York University Schulich School of Business
A half century after the opening of the York University Faculty of Administrative Studies (FAS), the York Schulich School of Business in Toronto continues to shape the Canadian MBA landscape.
The business school, which was officially renamed in 1995 after a receiving sizable donation from esteemed Montreal philanthropist and entrepreneur Seymour Schulich, has earned a substantial track record of firsts in Canada, including: the country’s first MBA Arts & Media Administration specialization; MBA/LLB; Nonprofit Management and Leadership Program; International MBA; Financial Services Program; Financial Engineering specialization; and the first multi-national EMBA program with the Northwestern University Kellogg School of Management.
Of course, the history of a school may paint an overall setting, but it hardly tells the story of a current, individual student in the program. York Schulich MBAs stand out among many of Toronto’s stellar business schools, typically enrolling with a GMAT score of 660 and five years of professional work experience. As well, the York Schulich international community is well-represented, at 32 percent of the overall MBA class.
According to recent employment statistics provided by the school, Schulich MBAs typically earn about $91,500 CAD per year after earning their degree. In addition, about 89 percent of graduates earn employment just three months after graduating. Most grads earn roles in finance (23 percent), with marketing/sales (20 percent) and operations (18 percent) following closely.
To get a better feel for what life is really like for current York Schulich MBAs, we talked to a handful of students, including the manager of a long-standing luxury jewelry store, a theater major and performer, and a commercial lawyer looking for a brand new career challenge. Read on to see their stories and what the future may hold for life after an MBA.
U.S. Tops Highest MBA Salary Rankings
Return on investment post-MBA is one of the main considerations for candidates. After all, who would want to spend tens of thousands of dollars on an education without a solid salary afterward? That’s why it’s so important to look at how the best MBA programs can affect a graduate’s salary.
So, where should you go to school for your MBA if you want the best salary after graduating? We’re taking a look at the highest earning MBA programs per country to dig down into what you can earn as an MBA all over the world.
Upcoming December MBA Application Deadlines
As winter approaches and December comes into clear view, let’s review all the major upcoming MBA application deadlines for December and January. Get those applications in ASAP so you have more time to enjoy the holidays with friends and family as you await your acceptance letter in 2019. Best of luck, and Happy New Year in advance! Continue reading…
