Cheap vs Expensive MBA programs

Ahmed Orab...

1 1

Posted Jun 17, 2020 08:26

Hi everyone

I have a Bachelor's degree in accounting and finance and 3 yrs experience as an accountant. I wanna do my MBA in Canada and then look for a job there. I was wondering what are the major differences between cheap and expensive MBA programs ?
There are programs that cost around 10 grands, like Saint John's, and there are programs that cost 50 grands, like HEC Montreal.
regarding employability, does where i get my degree from matters as much ??
there is almost 40 grands difference, plus cost of living and more importantly expensive universities make it harder for applicants to get accepted. I am currently studying for the GMAT, but there are some requirements that are just there to complicate the process. HEC Montreal requires international applicants to send 4 videos, answering some questions about why u wanna join and how the MBA would add value to your personal and professional experience !! it's not like the program is cheap and they wanna be extremely selective, it's 50 grands for crying out-loud !!
I guess it all comes down to this, is it really worth it to spend almost all of my savings and maybe apply for a student loan, if i get accepted, to graduate form one of the top MBA schools in Canada? and will it make that huge of a difference when applying for jobs? whether in the same province or other provinces ?
TIA

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Duncan

14.013 15.475

Posted Jun 17, 2020 08:36

I think you can answer this yourself by comparing the average salaries and percentages employed at the of different MBAs. There is a huge difference between regions of Canada and different schools. Over a lifetime , there will be hundreds of thousands, or millions, of added value from a good school like Rotman, Ivey, Queens and HEC Montréal. Québec is especially attractive if you speak French.

[Edited by Duncan on Jun 17, 2020]

I think you can answer this yourself by comparing the average salaries and percentages employed at the of different  MBAs.  There is a huge difference  between regions of Canada and different schools. Over a lifetime , there will be hundreds of thousands, or millions, of added value from a good school like Rotman, Ivey, Queens and HEC Montréal. Québec is especially attractive if you speak French. 

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Larry

556 212

Posted Jun 18, 2020 20:05

There was a post here last month from another user, which apparently was deleted. It's interesting and useful, here is the text Google's cached copy:

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Curious about long-term MBA salaries in Canada for immigrants/international students? Below are some statistics from the Canadian Census reflecting the Ontario population average. You can see that as an international/immigrant, a Canadian MBA provides a really sizable boost to lifetime earnings in Ontario compared to one done outside of Canada. For example, if you are a male immigrant, the gap is huge (almost $50K difference for just a year). In other words, it only takes a few years to recover the costs.

Keep in mind that the salaries posted by MBA programs in their brochures are STARTING salaries. Your salary will increase the longer you stay with a company and get promoted multiple times.

Source: Canada 2016 Census (numbers below have been inflation-adjusted to 2020 Canadian dollars.

Median MBA Salaries in Ontario Canada by Group

Domestic (Born in Canada) with Canadian MBA Age Male Female30 to 44 137,788 114,225 45 to 59 170,929 139,623

Immigrant with Canadian MBA Age Male Female30 to 44 114,031 99,201 45 to 59 134,133 117,844

Immigrant with Foreign/Non-Canadian MBA Age Male Female30 to 44 79,798 65,913 45 to 59 85,487 75,856

[Edited by Larry on Jun 18, 2020]

There was a post here last month from another user, which apparently was deleted. It's interesting and useful, here is the text Google's cached copy:<br><br><br><div>--</div><br><div>Curious about long-term MBA salaries in Canada for immigrants/international students?  Below are some statistics from the Canadian Census reflecting the Ontario population average. You can see that as an international/immigrant, a Canadian MBA provides a really sizable boost to lifetime earnings in Ontario compared to one done outside of Canada. For example, if you are a male immigrant, the gap is huge (almost $50K difference for just a year). In other words, it only takes a few years to recover the costs. </div><div><br><br></div><div>Keep in mind that the salaries posted by MBA programs in their brochures are STARTING salaries. Your salary will increase the longer you stay with a company and get promoted multiple times. </div><div><br><br></div><div>Source: Canada 2016 Census (numbers below have been inflation-adjusted to 2020 Canadian dollars. </div><div><br><br></div><div>Median MBA Salaries in Ontario Canada by Group</div><div><br><br></div><div>Domestic (Born in Canada) with Canadian MBA </div><div>Age Male Female</div><div>30 to 44 137,788 114,225 </div><div>45 to 59 170,929 139,623</div><div><br><br></div><div>Immigrant with Canadian MBA </div><div>Age Male Female</div><div>30 to 44 114,031 99,201 </div><div>45 to 59 134,133 117,844 </div><div><br><br></div><div>Immigrant with Foreign/Non-Canadian MBA </div><div>Age Male Female</div><div>30 to 44 79,798 65,913 </div><div>45 to 59 85,487 75,856</div>

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