What are the costs of living for an MBA student in Canada?
Updated on Oct 4, 2023The cost of living for an MBA student in Canada can vary depending on a number of factors such as the city of residence, the lifestyle, and personal preferences. However, here are some estimated costs to consider:
- Tuition Fees: The average tuition fee for an MBA program in Canada is around CAD 30,000 to CAD 120,000 per year.
- Accommodation: Rent for a one-bedroom apartment in a city like Toronto or Vancouver can range from CAD 1,500 to CAD 2,500 per month. Rent for a shared accommodation or a dormitory can be lower, around CAD 600 to CAD 1,500 per month.
- Transportation: Depending on the city, monthly public transportation passes can cost around CAD 100 to CAD 150.
- Food and groceries: Monthly food and grocery expenses can range from CAD 300 to CAD 500.
- Health insurance: International students are required to have health insurance coverage while studying in Canada. The cost can range from CAD 600 to CAD 1,500 per year.
- Miscellaneous expenses: Miscellaneous expenses such as books, supplies, and leisure activities can cost around CAD 500 to CAD 1,000 per month.
Overall, the estimated cost of living for an MBA student in Canada can range from CAD 20,000 to CAD 40,000 per year depending on the city and lifestyle choices.