An MBA degree from Canada is highly sought-after by international students. But frequently, expenses and the two years it takes to obtain an MBA cause students to second-guess their choice. So, is there an alternative?
Yes! This is where the Canadian one-year MBA program excels. In Canada, a one-year management course covers various topics in a shorter amount of time. Everything you need to know about doing a one-year MBA in Canada, including top universities, costs, application deadlines, qualifying requirements, etc., has been covered in this blog.
Is your goal to enroll in a one-year MBA program in Canada? Wondering who can assist you in simplifying the study-abroad process? Well, you got Yocket. With 700+ admissions to the top 100 universities in fall 2024, the premium services can help you achieve your dream too.
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Table of Contents |
Why Study for a 1-Year Program MBA in Canada?
For a variety of reasons, students are increasingly choosing to enroll in one-year MBA programs in Canada. Thus, let's first examine the advantages of pursuing a one-year MBA in Canada before moving on:
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Cost-effective
The one-year MBA program in Canada is considerably less expensive than the two-year program because of its shortened duration. In addition to the tuition, overseas students' living expenses in Canada for an extra year are fully waived.
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Education Quality
In Canada, a one-year MBA program is just as good as a two-year one. The course's quality in any way is not diminished. As a result, students are equally interested in both courses.
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Programs and Specializations
Canadian universities provide a wide range of one-year MBA programs and specializations. Among these are marketing, entrepreneurship, finance, and so forth.
Tempted to study in Canada, are you not? Understandable! Further on, let's discuss the prerequisites for getting into a Canadian university for your desired program.
Eligibility Criteria for 1-Year MBA in Canada
Admission to a one-year MBA program in Canada is contingent upon the university and program selected. Still, the prerequisites for Canada's best institutions are the same. Among them are:
- Undergraduate Degree
- GMAT or GRE Score
- Work Experience
- Language Requirements
- Passport and Visa
In detail:
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Undergraduate Degree
All applicants must have an undergraduate degree with a minimum 3.0 CGPA from an accredited university to be considered for a one-year MBA program in Canada. The original transcripts must also be produced.
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GMAT or GRE Score
The GMAT or GRE score is the second most significant need for a one-year MBA program in Canada. Applicants are required to have acceptable GMAT results. The GMAT score varies based on the university and type of MBA program you select, but it generally varies from 550 to 600.
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Work Experience
Work experience is one of the main prerequisites for Canadian one-year MBA programs. At the time of application, a minimum of two to three years of professional work experience in the relevant sector is required. Does this make you stressed? Don't worry, because, although preferred, this is not mandatory at every university!
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Language Requirements
Like most countries, all international applicants must pass the English proficiency exam to be admitted to Canadian universities as well. The tests' minimum scores are:
IELTS score: 6.5 – 7.5
TOEFL (iBT) score: 100
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Passport and Visa
To enroll in any course at any Canadian university, international students must have a current passport and student visa. Remember to apply for your visa at least three months before your anticipated departure date.
Suggested: MBA Admission Consultants in India for MBA Abroad
Knowing just the eligibility criteria is not enough. You also need to be alert about the application deadlines, as missing them can be quite detrimental. We discuss that in the next section
Application Deadline for 1 Year MBA in Canada
Let us now examine the application deadline for the one-year MBA program at Canada's best colleges in 2025:
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University Name |
Application Deadline |
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University of Toronto |
9 March 2024 |
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University of Waterloo |
15 January 2024 |
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Western University |
31 January 2024 |
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McGill University |
15 January 2024 |
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Wilfrid Laurier University |
17 March 2024 |
Now that you are aware of the dates for the Canadian one-year MBA program, explore the specifications and offerings of each business school in more detail.
Also see: Deadlines and Intakes to Study in Canada in 2025!
Next, we unveil the top universities that offer one-year MBA programs. With multiple universities, it might get overwhelming to choose the right one. However, utilize the Yocket College Finder to shortlist universities based on your preferences and criteria!
Top 5 Business Schools for 1 Year MBA in Canada
Several top business schools in Canada offer a 1-year MBA program. The finest ones include:
- Rotman School of Management, University of Toronto
- University of Waterloo
- Ivey Business School, Western University
- McGill University
- Wilfrid Laurier University
Read on to learn about each of these universities's perks and costs:
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Rotman School of Management, University of Toronto
One of the greatest one-year MBA programs in Canada is the Executive MBA offered by the University of Toronto's Rotman School of Management. For senior managers looking to improve their strategic decision-making and leadership abilities, this MBA program is a great fit. It is a demanding, practical leadership experience that provides insightful knowledge to advance your career. It should be mentioned that to apply to Rotman School of Management's one-year MBA program in Canada, you must have prior work experience.
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Program Name |
Executive MBA |
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Average Fees Per Year |
CAD 116,000 (INR 72,49,740) |
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GMAT Score |
670 |
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University of Waterloo
The University of Waterloo's one-year MBA program in Canada is especially intended for imaginative, driven, and inquisitive students who want to become prosperous entrepreneurs. This program offers a Master of Business, Entrepreneurship, and Technology that combines multidisciplinary learning with real-world application. Full-time enrollment lasts for a year, whereas part-time enrollment requires two years to finish. Students here are placed in an experimental learning environment.
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112 |
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Program Name |
Master of Business, Entrepreneurship, and Technology (MBET) |
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Average Fees Per Year |
CAD 61,614 (INR 38,50,740) |
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GMAT Score |
550 |
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Ivey Business School, Western University
Western University's Ivey Business School is one of the best schools in Canada for one-year MBA programs. This MBA program is an action-oriented learning experience designed to help you succeed in the real world. Given the high expense of an MBA in Canada, Ivey Business Schools has structured the program to be completed in one year to reduce total costs. The intensive one-year program offers a top-notch curriculum that enables you to swiftly enter the workforce and accomplish your career objectives.
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114 |
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Program Name |
Ivey MBA |
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Average Fees Per Year |
CAD 120,000 (INR 74,99,730) |
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GMAT Score |
600 |
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McGill University
McGill University in Canada offers a one-year management program that lasts for twelve months or twenty months. While the 54-credit program lasts for at least 20 months, the 48-credit program is completed in 12 months. The kids' exceptional learning and leadership skills are the goals of each of these programs. Numerous specializations are available, including those in finance, marketing, global strategy and leadership, business analytics, and more.
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30 |
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Program Name |
Full-Time MBA |
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Average Fees Per Year |
CAD 99,500 (INR 62,18,530) |
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GMAT Score |
675 |
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Wilfrid Laurier University
For international students, Wilfrid Laurier University is yet another top-ranked one-year business school in Canada. This university wants to equip its students with the knowledge and abilities needed to succeed on the career path of their choice. The goal of each program is to provide the greatest learning environment for students. Laurier has been ranked #1 by Maclean's Magazine for the past four years in terms of student happiness.
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N/A |
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Average Fees Per Year |
CAD 16,579 (INR 10,36,150) |
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Popular Programs |
Full-Time MBA Part-Time MBA Full-Time + Co-op |
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GMAT Score |
650 |
What more, you must wonder? In the last bit, we will tell you what are the popular jobs you can undertake after pursuing a one-year MBA program from Canada.
Jobs After 1 Year MBA in Canada
An MBA from one of Canada's top universities holds the same value, whether it is completed in one or two years. Numerous prestigious firms, including Apple, Amazon, Deloitte, etc., are in high demand for graduates. Several well-liked positions and their general pay are:
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Job Title |
Average Annual Salaries (CAD) |
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Operation Manager |
145,000–155,000 (INR 90,62,180–96,87,160) |
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Economic Development Officer |
81,000–113,000 (INR 50,62,320–70,62,250) |
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Data Analyst |
51,000–64,000 (INR 31,87,390–39,99,860) |
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Business Analyst |
81,000–93,000 (INR 50,62,320–58,12,290) |
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Junior Financial Analyst |
47,000–55,000 (INR 29,37,400–34,37,380) |
Recommended: What are the Job opportunities after pursuing MBA in Canada?
From the Desk of Yocket
As a result, prestigious Canadian colleges provide one-year MBA programs that offer an array of advantages. For recent graduates who wish to continue their education in Canada and improve their skills, knowledge, and career prospects while working, this is an excellent option.
As an international student, pursuing higher education in foreign countries could get overwhelming. More so, understanding the admission processes, eligibility criteria, and costs involved might become unmanageable. Need assistance with shortlisting and applying to universities, visas, and scholarships or loans? Connect with our Yocket experts right away.
