7 Cheapest Online MBA in Canada (FAQs, Career) | 202211 min read

Cheapest Online MBA in Canada: Only a few degree programs can be obtained through traditional schooling that cannot be acquired through online learning.

When it comes to online MBA, it is no exception.

More so, when it comes to the cost of an MBA, there is no doubt that it is too high.

Some programs cost as much as $80,000 per year to attend, whether they are on campus or online, but with this Stacy Blackman Consulting review, you can select the best MBA programs.

This article provides tips on the cheapest online MBA in Canada, stating the benefits of MBA programs, and many more.

Why study in Canada?

Many international students and working professionals dream of studying and working in Canada.

For its promising future, Canada is increasingly appealing to immigrants and their families.

Canadian culture and higher education attract students from around the world.

Scholarships and other forms of financial aid for international students are more common at Canadian universities than they are at American ones.

Furthermore, on average, tuition prices at Canadian institutions are 27% less expensive than those at US universities.

Human rights, equality, diversity, and a peaceful, stable society are just some advantages international students enjoy in Canada.

If you’re looking for the third-best quality of life in the world, go no further than Canada.

When is an MBA worth it?

An MBA can help workers advance in their careers, earn more money, and get promoted within their organizations.

An MBA can give you the skills and expertise to start a firm, and many businesses require an MBA for certain management or leadership positions.

Moreover, MBAs are difficult, but not impossible, to complete. Your professional success is mostly determined by your mindset, as you’ll discover during your MBA program.

To be successful in an MBA program, students must put in the time, effort, and self-examination required.

This doesn’t imply you’re not up for the challenges of business school, but you must accept responsibility for your mistakes and work hard to avoid making the same mistakes again.

The competition to get into a top MBA program is fierce, but the rewards may be enormous in terms of financial success and career mobility.

Admissions committees look at a student’s undergraduate grade point average, but it’s not the whole issue.

Is an online MBA worth it?

Getting an online MBA can be a good investment if you prioritize affordability and flexibility and are open to interacting with classmates and teachers via the internet.

The advantages of pursuing an online MBA are numerous. After graduation, graduates can look forward to more job responsibilities and advancements and greater job satisfaction.

They can also tap into a global alumni network for professional assistance and advice. Online MBA programs appear to offer similar financial advantages.

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For online MBA students, the average starting wage was $79,352; thus, this represents a 22% rise in pay.

There are many alternatives for MBA concentrations, including healthcare administration, supply chain management, and human resources administration.

Local colleges and universities may not provide a student’s preferred major. More so, online MBA programs allow workers to select a specialization that will help them enhance their careers.

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Benefits of Getting an MBA:

Many people are working in the business world, and if you want to stand out from the crowd in a recognizable way, you need to have a solid degree.

The MBA is one of the degrees that are among the most popular and sought-after.

When we refer to someone as having a “strong degree,” we mean that they have either a master’s or doctoral degree in a specific business area.

You would immediately be put in a position of advantage over the highly competitive workforce of bachelor’s degree holders, and you would also be elevated to the status of a business professional.

In the end, that is what earning an MBA does; it turns an individual into a business professional. Because of this, many people choose to pursue an MBA.

On the other hand, MBA sets you up for a successful career, whether you want to start your own business or work for someone else.

You would be able to improve your professional business skills, which are essential if you want to succeed in the current company paradigm.

So, your startup is more likely to be successful, and if you work there, you may look forward to getting a promotion and moving into a much bigger office.

Is it possible to earn a free MBA online in Canada?

There is no such thing as a free online MBA school in Canada; all MBA programs in Canada are paid for, which applies equally to the traditional on-campus learning format.

On the other hand, there are ones that are quite inexpensive and cost between $10,000 and $25,000 per year rather than the more expensive ones that cost between $80,000 and $150,000 annually.

Right here, we’ll focus on online MBA programs in Canada that are quite affordable.

Are These Online MBA Programs in Canada Accredited?

For a master’s degree in business administration to be legitimate, it must first be accredited by the Association to Advance Collegiate Schools of Business (AASCB).

This is also one of the most important things employers look for in an MBA degree.

The AASCB gives the same level of approval to an MBA obtained through traditional on-campus study as it does to one obtained through online study.

Therefore, when looking for an online Master of Business Administration program, you should ensure it has AASCB accreditation.

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The Top 7 Online MBA Programs in Canada That Are Most Affordable:

For a very long time, Canada has been unable to compete with its southern neighbor, the United States, regarding the quality of its MBA programs.

However, many Canadians are opting to complete their MBAs in Canada rather than simply sending students to universities in the United States.

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The rising quality and the rising stature of Canadian MBA programs on a global scale drive this trend.

The Master of Business Administration (MBA) programs offered in Canada often come at a far more affordable price than their American counterparts.

The following is the list of low-cost and easily affordable MBA programs in Canada open to international students.

1. The Sprott School of Business at Carleton University:

The Sprott School of Business at Carleton University, which can be found in Ottawa, Canada, has earned accreditation from AACSB International and is a fantastic choice for students looking for an affordable online MBA program in Canada.

The program is adaptable, allowing students to concentrate their studies on various topics, including international development, art management, and business analytics.

It is also possible to finish the requirements for the degree in Bogota, Colombia, or Shanghai, China.

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2. Université Laval: 

Université Laval is a public research university in Québec City, Québec, Canada. It has one of the cheapest online MBA programs in Canada.

FSA ULaval has earned a strong reputation thanks to its location in Québec City, Canada, and its AACSB International and EQUIS accreditations.

Students can spend three weeks working on trade missions for Canadian companies interested in expanding into new markets in Latin America, Africa, Asia, or Europe.

In addition, numerous scholarships are available, each valued at $5,000.

Students concerned about their financial stability should be aware that the cost of living in Quebec City is often lower than in some of Canada’s other, larger cities.

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3. Memorial University of Newfoundland: 

The Memorial University of Newfoundland holds an AACSB accreditation despite its location in St. John’s, Canada.

Because the school receives significant funding from its home province, the cost of running an online MBA program is incredibly inexpensive, and the tuition for students who are originally from Newfoundland and Labrador is significantly reduced.

Memorial University’s online MBA program was the first in Canada to require students to take a business ethics course to graduate.

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4. The Ted Rogers School of Management at Ryerson University: 

The Ted Rogers School of Management at Ryerson University may be found right in the middle of the bustling city of Toronto, Canada.

Because of this, MBA students get access to a large number of corporate recruiters, executive guest lecturers, and a great deal of fun.

Online MBA candidates attending an institution that the AACSB has approved will have their tuition reduced if they are from Canada.

However, it has one of the cheapest online MBA programs in Canada.

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5. Sobey School of Business at Saint Mary’s University:

Saint Mary’s University in Halifax, Nova Scotia, Canada, has a business school called the Sobey School of Business. The program began in 1934 as the Saint Mary’s University Faculty of Commerce. 

It has one of the cheapest online MBA programs in Canada.

The Sobey School of Business at Saint Mary’s University in Nova Scotia, accredited by the AACSB and located in Halifax, Canada, provides a strong online MBA program at a significant discount for Canadian citizens and permanent residents.

At the same time, the tuition fees for international students are still relatively affordable.

Even though the school is in a fairly remote area, it has a very diverse group of students. 50% of its students are from countries other than Canada.

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6. The John Molson School of Business at Concordia University:

The John Molson School of Business, also called John Molson, is a business school in the Canadian city of Montreal. Concordia University opened the John Molson School of Business in the year 1974.

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The John Molson School of Business at Concordia University, located in Montréal, Canada, offers an online MBA program of the highest caliber without charging exorbitant tuition fees.

Students from Quebec have the lowest tuition rates, followed by students from other Canadian provinces and overseas students.

The AACSB also accredits it, and Bloomberg and The Economist ranked the school’s MBA program.

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7. HEC Montréal:

HEC Montréal is a business school at a university. It is known in Québec, Canada, and worldwide as a teaching and research leader. It has one of the cheapest online MBA programs in Canada.

The institution in Quebec, Canada, which offers not only a high-quality online MBA program but is also very affordable in price, can be found in the French-speaking part of the province and is located in Montréal.

Compared to students from other countries, the tuition fees paid by those hailing from Quebec, France, and Belgium are quite low.

Students from other countries and provinces in Canada might pay even more. You can be sure that the education you get at HEC Montréal is one of the best in Canada and the world.

This is because the school has been triple-accredited (by AMBA, EQUIS, and AACSB) and ranked by Bloomberg Businessweek.

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Frequently Asked Questions on the Cheapest Online MBA in Canada:

What does an MBA do?

Many MBA graduates work in marketing, sales, finance, operations, and human resources positions. Some of them have general managerial responsibilities.

What are the requirements for an MBA?

Be 25 years or older.
Have a minimum of three years of relevant work experience.
Be fluent in English.
Ordinarily, have a minimum GMAT score of 550

Why do you want to study MBA?

For professionals who want more chances, an MBA can help them stand out. The Wharton MBA program boasts an employment placement rate of over 98%. Additionally, you’ll be able to broaden both your professional and personal networks with an MBA.

Is MBA expensive in India?

The full-time MBA program in India costs between INR 20,000 and INR 40 lakh. MBA programs at universities and government colleges have low costs, but the same programs at private institutes are more expensive.

Conclusion:

Cheapest Online MBA in Canada: This post has provided information regarding the most affordable online MBA in Canada, which is meant to give you the professional skills that will assist you in succeeding in the competitive business world.

Since MBA programs are available online, they are flexible enough to fit into your daily life without getting in the way of other things you must do.

Awesome one; I hope this article answered your question.

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