Getting an MBA degree from a reputable school of business in Canada could be a life’s rewarding venture for many people. However, MBA programs are considered one of the most expensive courses. In this article, we review the costs of studying MBA program in Vancouver city as an international student.
The Tuition Fee of MBA Program in Vancouver
While the university tuition fees for Canadian citizens and permanent residents are much lower than for international students, the first major factor you need to consider is the tuition fee of the chosen MBA program.
The minimum tuition of the MBA program for international students in the New York Institute of Technology (Vancouver campus) is USD $31,920 (approximately $40,000 CAD).
University Canada West (UCW) MBA program tuition fee for international students is CAD $35,100 while this tuition for domestic students is $23,400 CAD.
The SFU Beedie School of Business tuition fee for the MBA program is $55,825 CAD. This tuition fee for domestic MBA students is defined as $42,135 CAD.
The tuition fee of the MBA program in the University of British Columbia (UBC) Sauder School of Business has the highest cost for the international students among other Business Schools of Vancouver. While the tuition fee of the UBC Sauder MBA program for domestic students is $51,417 CAD, this tuition for international MBA students at Sauder School of Business costs $90,057 CAD.
MBA Costs for International Students in Vancouver
MBA Program Duration
Another important factor you need to consider while choosing an MBA program in Vancouver is the duration of the Master of Business Administration program course. While the living expenses of Vancouver are much higher than many cities in North America, the duration of the MBA program plays important role in the cost of your investment to study MBA program as an international student.
While normally MBA programs are designed for two years, some universities offer the shorter program. University Canada West (UCW) is one of the universities in Vancouver which offers its full-time MBA program in shorter semesters. It means that you can finish your MBA program within 15 months and receive your Master of Business Administration degree. Graduates of the UCW MBA program can apply for Post Graduate Work Permit (PGWP) after finishing their course and be eligible to work in Canada for 3 years.
Living Expense in Vancouver as an international MBA student
Undoubtedly Vancouver is an expensive city in the world especially for international students who plan to move to Canada for studying.
The living costs of an international student in Vancouver include accommodation, food, medical insurance, transportation, and books.
For accommodation, international students can choose a university student dormitory, homestay, renting a shared room, or renting a private home. While student dormitory is not free for university students in Canada, many students prefer to rent a shared apartment.
How much a student can earn in Vancouver with a part-time job
While the living expense and education costs in a city like Vancouver is high, many of international students prefer to work as a part-time job. International students in Canada can work up to 20 hours per week part-time. Currently, the minimum wage in Vancouver is $15.20 CAD. It means that international students can earn up to $304 CAD per week ($1,216 CAD per month). However, this is not the net income you can earn in Vancouver because 20% of this amount deducts as British Columbia Tax. Therefore, the Net minimum wage of working in Vancouver is $12.16 CAD which means you can earn a minimum of $243.20 per week or $972.80 CAD per month with a part-time job.
The cost of an MBA program for an international student in a Canadian city like Vancouver replies on the MBA program tuition fee, the duration of the MBA program, and the living expenses of the student. Although you can cover a major part of your monthly living expenses in Vancouver by working as a part-time job, the university tuition costs of this program are the most important issue that you must consider before starting your MBA program in Vancouver.
