Since obtaining my undergrad in Engineering about eight years ago, I’ve played around with the idea of going back to school for my Masters in Business Administration (MBA) with a concentration on finance. Although I don’t see the MBA designation advancing my career at the moment, I’m more interested in it for the sake of learning more about the business/finance world with the side benefit of personal growth.
Having said that, one of the largest factors when choosing an MBA program is the cost, especially if the tuition is not sponsored by an employer. It just so happened that a recent edition of Canadian Business listed the more popular MBA programs in Canada, their associated costs, and a list of strengths. I’m not surprised to see the local NL University to be among the lowest cost, but I was really surprised to see how high it can get to obtain an MBA from top schools.
Most Expensive MBA Programs in Canada
- Rotman (Toronto): $80,931 for 16 months
- Ivey (Western): $74,200 for 12 months
- Queens: $69,000 for 12 months
- Desautels (McGill): $65,000 for 16 months
- Schulich (York): $55,574 for 8-16 months
Most Expensive Executive MBA (EMBA) Programs in Canada
- Schulich (York): $110,000 for 15 months
- Queens-Cornell: $100,000 for 17 months
- Ivey (Western): $90,000 for 18 months
- Rotman (Toronto): $89,000 for 13 months
- Queens (national): $88,000 for 16 months
The Lowest Cost MBA Programs in Canada
- Laval: $4,032-$9,717 for 12-23 months
- Memorial: $4,398 for 12 – 16 months
- Sherbrooke: $4,600 for 16 months
- University of Quebec: $4,748-$10,283 for 12-48 months
- Royal Military College: $6,000 for 16-20 months
What are your thoughts on the more expensive programs out there? Are they worth the money?