The costs of studying for a graduate degree in Canada can be divided into three categories: engineering and science, arts, and business. Business programs generally have higher costs, particularly the tuition for MBA programs, which is significantly higher than other disciplines, with the tuition for MBA programs at top business schools reaching as high as CAD 100,000; the costs for engineering and science programs are moderate, while arts programs are the most affordable.
Engineering and Science
The expenses for one year of a master's program in engineering and science range from CAD 15,000 to CAD 20,000, taking the University of Waterloo as a representative example:
|
|
Research-based/Taught Master's | Research Doctorate | Engineering Master/Science Master | |||
|---|---|---|---|---|---|---|
| Course |
Full-time/ Term Fees |
Part-time/ Term Fees |
Full-time/ Term Fees |
Part-time/ Term Fees |
Full-time/ Term Fees |
Part-time/ Term Fees |
| Tuition Fees | $6258 | $3129 | $6196 | $3098 | $7358 | $3679 |
| Miscellaneous Fees | $626.65 | $440.5 | $626.65 | $440.5 | $626.65 | $440.5 |
Note: The fees listed above are for the Winter semester of 2016.
Arts Program
The expenses for one year of a master's program in arts range from CAD 15,000 to CAD 20,000, using the University of Victoria as a representative example, the costs for studying abroad for graduate studies are:
Tuition Fees: CAD 4,990/year (RMB: approximately 24,400 RMB/year)
Application Fee: CAD 125 (RMB: approximately 612 RMB)
Living Expenses: CAD 8,000-10,000/year (RMB: approximately 39,200-49,000 RMB/year)
In comparison, tuition fees are relatively affordable, which can help students from economically constrained families save a significant amount on tuition, making it a good choice for studying in Canada. Suitable majors for arts students include: Economics, Education, Ancient Greek Studies, Cultural Studies, French Studies, Gender Studies, Geography, History, Religious Studies, Sociology, and so forth.
Business Program
Taking Western University as an example, the costs for one year of a master's program in business are:
| Program | Costs |
|---|---|
| Tuition Fees (Domestic Students) | $79,500 |
| Tuition Fees (International Students) | $91,500 |
| Miscellaneous Fees (Estimated) | $700 |
| International Student - Health Insurance | $750 |
| Accommodation Supplies and Living Expenses | $2,600 |
The data provided above is from 2015. It is essential to consider all investment-related expenses for MBA programs when choosing a business school. In addition to tuition fees, one must also take into account the cost of living in the chosen city, as well as the expenses incurred at the college throughout the year.