Foreign students make up half of Canada’s MBA enrolment and they pay a high price for `privilege’
Madhavi Acharya-Tom Yew
Paolo Delano was drawn to Canada as a peaceful land of opportunity.
Nikhil Mathai was looking for the right school.
Mehran Redjvani came here so his fiancée could be closer to her family.
About half of all MBA students in Canada are international students. Whatever brings them to this country, one thing is certain: an MBA program is an expensive endeavour. Fees for international students can run as much as $80,000, compared to $65,000 for their Canadian counterparts.
Add in living expenses and the tab can easily reach $100,000 for a one- or two-year program.
That’s a lot of rupees. Just ask 26-year-old Siddharth Samarth.
“It’s probably about five times the salary I would earn in a year over there,” said Samarth, from India, who worked at a bank in Pune, India for about four years after completing his engineering degree.
“Honestly, I don’t know if I’ve spent that much money in my entire life.”
After seeing businesses in a developing economy, he decided he wanted some perspective on how business is done in the West.
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