Did you know that over 800,000 international students chose Canada as their study destination in 2023?
One of the most sought-after programmes among these students is the 1 Year MBA in Canada, known for its high-quality education, shorter duration, and cost-effectiveness. With world-class universities like the Rotman School of Management and Ivey Business School leading the way, Canada offers a fast-track option for professionals looking to upgrade their skills and advance their careers.
Key Highlights:
- Leading B-schools for 1-year MBA programmes in Canada include the University of Toronto (Rotman School of Management), McGill University (Desautels Faculty of Management), and Western University (Ivey Business School).
- The tuition fees for 1-year MBA programmes in Canada range from CAD 47,900 to CAD 120,000 (approximately ₹29–₹75 lakhs).
- The average cost of living for Indian students in Canada ranges from ₹7–12 lakhs annually (CAD 12,000–20,000).
- Applicants need a bachelor's degree with a minimum GPA of 3.0, GMAT/GRE scores (550–650), 2–3 years of work experience, and English proficiency (IELTS 6.5–7.5 or TOEFL 100+).
- Graduates from 1-year MBA programmes in Canada earn an average salary of ₹60–₹90 lakhs annually (CAD 100,000–150,000), depending on their industry and role.
So let’s get into further details about the 1 year MBA in Canada!
Top Universities for 1 Year MBA in Canada
With globally recognised institutions like the University of Toronto, McGill University, and Ivey Business School, Canada’s top universities offering 1-year MBA programmes focus on leadership, strategic thinking, and hands-on learning through industry partnerships and case studies.
The shorter duration helps reduce living expenses while maintaining high-quality education, with specialisations in fields like finance, entrepreneurship, and technology management.
Below are the top 10 universities in Canada offering 1-year MBA programmes:
|
Name of University |
Name of Business School |
QS World Rank 2025 |
Fees (INR) |
Popular Specialisations |
|---|---|---|---|---|
|
University of Toronto |
Rotman School of Management |
25 |
₹72 Lakhs (Approx. CAD 116,000) |
Finance, Marketing, Consulting |
|
McGill University |
Desautels Faculty of Management |
29 |
₹62 Lakhs (Approx. CAD 99,500) |
Global Strategy, Business Analytics |
|
Western University |
Ivey Business School |
120 |
₹75 Lakhs (Approx. CAD 120,000) |
Leadership, Finance, Entrepreneurship |
|
University of Waterloo |
School of Business, MBET |
115 |
₹39 Lakhs (Approx. CAD 61,614) |
Entrepreneurship, Technology |
|
Queen's University |
Smith School of Business |
193 |
₹65 Lakhs (Approx. CAD 105,000) |
Consulting, Digital Transformation |
|
York University |
Schulich School of Business |
362 |
₹48 Lakhs (Approx. CAD 77,850) |
Healthcare Management, Finance |
|
Concordia University |
John Molson School of Business |
415 |
₹30 Lakhs (Approx. CAD 47,900) |
Marketing, Supply Chain Management |
|
University of Calgary |
Haskayne School of Business |
198 |
₹40 Lakhs (Approx. CAD 64,000) |
Energy, Real Estate, Marketing |
|
HEC Montréal |
HEC Montréal |
151 |
₹33 Lakhs (Approx. CAD 52,800) |
International Business, Marketing |
|
University of Saskatchewan |
Edwards School of Business |
340 |
₹28 Lakhs (Approx. CAD 45,000) |
Leadership, Finance, Marketing |
University of Toronto – Rotman School of Management
The Executive MBA at Rotman School of Management is designed for professionals who wish to build advanced leadership skills. It emphasises strategic decision-making and provides real-world applications to help students thrive in global business environments.
The programme offers exceptional networking opportunities in Toronto, a hub for finance and business.
|
Name of the Programme |
Executive MBA |
|
Fee |
CAD 116,000 (₹72 lakhs) |
|
Application Deadline |
|
|
GMAT/GRE Score |
Minimum GMAT 670 |
|
English Proficiency |
IELTS 7.0 / TOEFL 100 |
|
Work Experience |
Minimum 8 years |
|
Average Starting Salary |
CAD 145,000–155,000 (₹87–96 lakhs) |
McGill University – Desautels Faculty of Management
The Full-Time MBA at McGill University offers flexible options, including a 1 Year track. With specialisations in finance, marketing, and business analytics, the programme prepares students for leadership roles.
McGill’s global reputation and strong alumni network provide excellent career prospects.
|
Name of the Programme |
Full-Time MBA |
|
Fee |
CAD 99,500 (₹62 lakhs) |
|
Application Deadline |
15 January 2025 15 March, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 675 |
|
English Proficiency |
IELTS 7.0 / TOEFL 105 |
|
Work Experience |
Minimum 3 years |
|
Average Starting Salary |
CAD 100,000–120,000 (₹60–72 lakhs) |
Western University – Ivey Business School
The Ivey MBA is a top-ranked 1 Year programme in Canada that focuses on case-based learning. This approach allows students to apply business concepts to real-life situations. The programme is fast-paced and ideal for professionals looking to upskill and advance their careers quickly.
|
Name of the Programme |
Ivey MBA |
|
Fee |
CAD 120,000 (₹75 lakhs) |
|
Application Deadline |
|
|
GMAT/GRE Score |
Minimum GMAT 600 |
|
English Proficiency |
IELTS 7.0 / TOEFL 100 |
|
Work Experience |
Minimum 2 years |
|
Average Starting Salary |
CAD 115,000–130,000 (₹69–78 lakhs) |
University of Waterloo – School of Business, MBET
The Master of Business, Entrepreneurship, and Technology (MBET) is a 1 Year programme designed for students passionate about entrepreneurship and innovation. This programme blends theory with hands-on experience, enabling students to build and scale their own ventures or contribute to innovation within organisations.
|
Name of the Programme |
MBET |
|
Fee |
CAD 61,614 (₹38 lakhs) |
|
Application Deadline |
1st June, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 550 |
|
English Proficiency |
IELTS 6.5 / TOEFL 90 |
|
Work Experience |
Minimum 2 years preferred |
|
Average Starting Salary |
CAD 95,000–110,000 (₹57–66 lakhs) |
Queen's University – Smith School of Business
The Accelerated MBA at Smith School of Business is tailored for working professionals who want to advance their careers without pausing their jobs. The programme offers a flexible schedule with weekend classes and focuses on leadership, strategy, and innovation.
|
Name of the Programme |
Accelerated MBA |
|
Fee |
CAD 105,000 (₹65 lakhs) |
|
Application Deadline |
N/A |
|
GMAT/GRE Score |
Minimum GMAT 600 |
|
English Proficiency |
IELTS 7.0 / TOEFL 100 |
|
Work Experience |
Minimum 5 years |
|
Average Starting Salary |
CAD 100,000–115,000 (₹60–69 lakhs) |
York University – Schulich School of Business
The Accelerated MBA at Schulich School of Business is designed for mid-career professionals seeking leadership roles. The programme combines innovative coursework, case studies, and experiential learning to prepare students for challenges in a global business environment.
Schulich offers specialisations like Marketing, Finance, and Strategy, making it a flexible choice for students.
|
Name of the Programme |
Accelerated MBA |
|
Fee |
CAD 117,850 (₹71 lakhs) |
|
Application Deadline |
15 February 2025 |
|
GMAT/GRE Score |
Minimum GMAT 620 |
|
English Proficiency |
IELTS 7.0 / TOEFL 100 |
|
Work Experience |
Minimum 2 years |
|
Average Starting Salary |
CAD 95,000–110,000 (₹57–66 lakhs) |
Concordia University – John Molson School of Business
The MBA in Executive Leadership at Concordia’s John Molson School of Business is a 1 Year, fast-paced programme focused on leadership and innovation. It’s ideal for professionals looking to accelerate their careers while learning in a collaborative and diverse environment.
Students benefit from industry connections and hands-on projects.
|
Name of the Programme |
Executive Leadership MBA |
|
Fee |
CAD 47,900 (₹29 lakhs) |
|
Application Deadline |
1st March, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 580 |
|
English Proficiency |
IELTS 6.5 / TOEFL 90 |
|
Work Experience |
Minimum 2 years |
|
Average Starting Salary |
CAD 80,000–95,000 (₹48–57 lakhs) |
University of Calgary – Haskayne School of Business
The Haskayne MBA at the University of Calgary is known for its strong focus on innovation and entrepreneurship. The program equips students with practical business knowledge and leadership skills, particularly in energy and sustainability industries. Calgary’s proximity to corporate hubs offers excellent networking opportunities for MBA graduates.
|
Fee |
CAD 60,000 (Approx. ₹37 lakhs) |
|
Application Deadline |
1 February, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 550+ / GRE equivalent |
|
English Proficiency |
IELTS: 6.5 / TOEFL: 86+ |
|
Work Experience |
Minimum 2 years preferred |
|
Average Salary |
CAD 90,000–110,000 (₹54–66 lakhs) |
HEC Montréal
HEC Montréal offers a Full-Time MBA that can be completed in just one year. The programme combines rigorous academics with practical business training, making it ideal for professionals seeking to transition or advance their careers. Located in Montreal, the school provides access to a diverse, bilingual business community.
|
Name of the Programme |
Full-Time MBA |
|
Fee |
CAD 60,000 (₹37 lakhs) |
|
Application Deadline |
15 May, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 620 |
|
English Proficiency |
IELTS 7.0 / TOEFL 100 |
|
Work Experience |
Minimum 3 years |
|
Average Starting Salary |
CAD 85,000–100,000 (₹51–60 lakhs) |
University of Saskatchewan – Edwards School of Business
The Edwards MBA program is designed for professionals looking to advance their careers with a strong foundation in business fundamentals. It offers an inclusive and collaborative learning environment, with a focus on sustainability and community-driven leadership.
|
Fee |
CAD 50,000 (Approx. ₹31 lakhs) |
|
Application Deadline |
31st May, 2025 |
|
GMAT/GRE Score |
Minimum GMAT 500+ / GRE equivalent |
|
English Proficiency |
IELTS: 6.5 / TOEFL: 86+ |
|
Work Experience |
Minimum 2 years preferred |
|
Average Salary |
CAD 85,000–100,000 (₹51–60 lakhs) |
Cost of Studying 1 Year MBA in Canada
The overall cost of pursuing a 1 Year MBA in Canada typically ranges between CAD 50,000 and CAD 125,000, which is approximately ₹30–75 lakhs. The cost of pursuing a 1 Year MBA in Canada is an important factor to consider. It includes tuition fees, which vary by university and program, as well as living expenses such as housing, food, and transportation. Understanding these costs will help you plan your budget effectively.
Tuition Fee
The tuition fee for a 1 Year MBA in Canada depends on the university and the program. Here are some key points to help you understand the costs:\
- Tuition Fees: The average tuition fees for a 1 Year MBA in Canada range from CAD 47,900 to CAD 120,000 (₹29–₹75 lakhs), depending on the university and program. Top-tier universities like the University of Toronto charge higher fees, with the Rotman MBA program costing CAD 116,000 (₹72 lakhs), due to their global reputation and extensive resources.
- Books and Study Materials: Students typically spend around CAD 1,000 to CAD 2,000 (₹60,000–₹1.2 lakhs) on textbooks, case studies, and other academic resources required for their MBA coursework.
- Application Fees: Applying to Canadian universities involves application fees ranging from CAD 100 to CAD 200 (₹6,000–₹12,000) per institution. These are non-refundable and vary based on the university.
- Program-Specific Costs: Certain MBA programmes may include mandatory expenses like workshops, certification exams, or global study trips, costing anywhere between CAD 1,500 and CAD 5,000 (₹90,000–₹3 lakhs).
Cost of Living
Living expenses in Canada vary based on the city and your lifestyle. The average cost of living for students pursuing a 1 Year MBA in Canada is approximately CAD 12,000–20,000 per year, which translates to ₹7–12 lakhs.
Here is a breakdown of the average monthly costs for international students pursuing a 1-year MBA:
|
Expense Category |
Average Monthly Cost (CAD) |
Average Monthly Cost (INR) |
|---|---|---|
|
Accommodation (Shared) |
800–1,500 |
₹48,000–₹90,000 |
|
Food and Groceries |
250–400 |
₹15,000–₹24,000 |
|
Transportation |
100–150 |
₹6,000–₹9,000 |
|
Utilities (Electricity, Water) |
100–150 |
₹6,000–₹9,000 |
|
Health Insurance |
75–100 |
₹4,500–₹6,000 |
|
Mobile and Internet |
50–100 |
₹3,000–₹6,000 |
|
Miscellaneous (Entertainment, Personal Care) |
100–200 |
₹6,000–₹12,000 |
Scholarships for 1 Year MBA in Canada
Pursuing a 1 Year MBA in Canada can be financially demanding, but scholarships can significantly ease the burden. For instance, the Ontario Graduate Scholarship (OGS) provides CAD 15,000 (₹9 lakhs) annually for outstanding students in Ontario. The Rotman Entrance Award at the University of Toronto offers awards up to CAD 90,000 (₹54 lakhs) based on academic excellence. These scholarships can help reduce tuition fees and other associated costs.
Here are some popular scholarships for international students pursuing a 1 Year MBA in Canada:
|
Scholarship Name |
Eligibility Criteria |
Award Value (CAD) |
Award Value (INR) |
|---|---|---|---|
|
Ontario Graduate Scholarship (OGS) |
Outstanding academic achievement in Ontario graduate programs |
15,000 per year |
₹9 lakhs |
|
Rotman Entrance Award |
Academic excellence and leadership potential (Rotman School of Management) |
10,000–90,000 |
₹6–54 lakhs |
|
Schulich Leader Scholarship |
Academic merit, leadership qualities, and community service (York University) |
5,000–20,000 |
₹3–12 lakhs |
|
HEC Montréal Entrance Scholarships |
Strong academic performance and application strength |
5,000–15,000 |
₹3–9 lakhs |
|
Alberta MBA Scholarships |
Full-time MBA students with excellent academic performance |
10,000 |
₹6 lakhs |
|
Ivey MBA Scholarship |
Merit-based scholarship for Ivey Business School students |
10,000–40,000 |
₹6–24 lakhs |
|
McGill MBA Bursaries |
Based on financial need and academic merit (Desautels Faculty of Management) |
5,000–15,000 |
₹3–9 lakhs |
|
John Molson MBA Entrance Award |
Academic merit and application strength (Concordia University) |
5,000–10,000 |
₹3–6 lakhs |
These scholarships not only provide financial relief but also recognise your academic achievements and leadership abilities.
Eligibility Criteria for 1 Year MBA in Canada
Admission to a 1 Year MBA programme in Canada is contingent upon the university and programme selected.
Still, the prerequisites for Canada's B-schools are mostly the same.
Among them are:
- Undergraduate Degree: You must have a bachelor’s degree from a recognised university with a minimum GPA of 3.0 on a 4.0 scale (approximately 70–75%). Your transcripts should reflect consistent academic performance.
- GMAT or GRE Score: Most universities require a GMAT or GRE score, usually between 550 and 650, depending on the programme. A strong score boosts your chances of admission.
- Work Experience: A minimum of 2–3 years of professional experience is usually required. Some programmes may waive this for exceptional candidates, but work experience is highly valued.
- English Language Proficiency: If English isn’t your first language, you’ll need to take an English proficiency test like IELTS or TOEFL. Universities typically expect an IELTS score between 6.5 and 7.5 or a TOEFL (iBT) score above 100.
- Passport and Student Visa: A valid passport and a Canadian student visa are mandatory. Make sure to apply for your visa at least three months before your departure date to avoid delays.
Meeting these criteria increases your chances of being accepted into a top 1-year MBA programme in Canada.
Application Process for a 1 Year MBA in Canada
Applying for a 1 Year MBA in Canada involves several important steps. By following these steps, you can successfully secure a place in a top 1-year MBA programme in Canada and take the first step towards achieving your career goals.
Here’s a simple breakdown of the process:
- Step 1 - Research the Universities: Start by researching universities offering 1-year MBA programmes. Look into their eligibility requirements, tuition fees, and specialisations to find the best fit for you.
- Step 2 - Prepare the Required Documents: Collect all necessary documents like your transcripts, CV, Statement of Purpose (SOP), letters of recommendation (LORs), and test scores (GMAT/GRE, IELTS/TOEFL). Ensure these are up-to-date and accurate.
- Step 3 - Fill Out the Application Form: Visit the official website of your chosen university and fill out the online application form. Double-check all the information before submitting.
- Step 4 - Pay the Application Fee: Most universities charge an application fee, usually between CAD 100–200 (₹6,000–12,000). Ensure you pay this fee on time to avoid delays in processing your application.
- Step 5 - Submit Your Application: Upload all the required documents along with the application form. Make sure you meet the deadline for your chosen intake.
- Step 6 - Prepare for the Interview: If shortlisted, you may be invited for an interview. Be ready to discuss your academic and professional background, career goals, and reasons for choosing the programme.
- Step 7 - Receive Offer Letter: Once selected, you’ll receive a conditional or unconditional offer letter from the university. Review the terms carefully and confirm your acceptance.
- Step 8 - Apply for a Student Visa: After accepting the offer, apply for a Canadian student visa. Submit your offer letter, proof of funds, and other required documents as part of the visa application process.
Jobs and Salary After 1 Year MBA in Canada
An MBA from one of Canada's top B-schools 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:
|
Job Role |
Average Annual Salary (CAD) |
Average Annual Salary (INR) |
|---|---|---|
|
Operations Manager |
145,000–155,000 |
₹87–93 lakhs |
|
Business Analyst |
81,000–93,000 |
₹48–55 lakhs |
|
Data Analyst |
51,000–64,000 |
₹30–38 lakhs |
|
Marketing Manager |
90,000–110,000 |
₹54–66 lakhs |
|
Project Manager |
95,000–120,000 |
₹57–72 lakhs |
|
Junior Financial Analyst |
47,000–55,000 |
₹28–33 lakhs |
|
Economic Development Officer |
81,000–113,000 |
₹48–67 lakhs |
Who Should Consider Pursuing a 1 Year MBA Course in Canada?
A 1 Year MBA course in Canada is ideal for individuals who want to quickly advance their careers without spending too much time away from work. It is also perfect for those who prefer a faster pace of learning and are ready to take on an intensive study schedule.
If you're wondering whether this programme suits you, here are a few types of students and professionals who should consider it:
- Working Professionals with Experience: If you already have a few years of work experience and are looking to move up in your career, a 1 Year MBA can be the right fit. This programme focuses on building advanced skills in leadership, management, and strategy, which are essential for climbing the corporate ladder.
- Career Switchers: A 1 Year MBA helps you gain the knowledge and credentials needed to make that leap. Whether you want to move into finance, technology, or entrepreneurship, this programme equips you with the tools to make the shift confidently.
- Budget-Conscious Students: A shorter MBA programme means lower tuition fees and living expenses. For students who want to save money without compromising on the quality of education, this programme offers excellent value for money.
- Professionals Seeking a Global Edge: If you aim to work in global markets, studying in Canada provides exposure to a diverse business environment. You’ll also benefit from networking opportunities and post-study work options that help you gain international experience.
Reasons to Pursue a 1-Year MBA Programme in Canada
A 1 Year MBA in Canada is a popular choice for students who want quality education, quicker career advancements, and a cost-effective study option. Let’s explore why this programme is worth considering:
- Saves Time: A 1-year MBA programme allows you to earn your degree faster than traditional two-year programmes. You can return to the workforce sooner, reducing the time spent away from your career.
- Cost-Effective: The 1 Year MBA programme in Canada is considerably less expensive than the two-year programme because of its shortened duration. In addition to the tuition, overseas students' living expenses in Canada for an extra year are fully waived.
- World-Class Education: Canadian universities are globally recognised for their high-quality education and innovative curriculums. A 1-year MBA programme ensures you get the same top-notch education as longer programmes.
- Strong Job Prospects: Canada is home to a booming job market. Graduates from 1-year MBA programmes often land high-paying roles in industries such as consulting, technology, and finance, with salaries comparable to those of two-year MBA graduates.
From the Desk of Yocket
Pursuing a 1 Year MBA in Canada is a great way to boost your career while saving time and costs. With globally ranked universities offering high-quality education, diverse specialisations, and strong job opportunities, Canada has become a top choice for MBA aspirants. Whether it’s the chance to study in a multicultural environment or access post-graduation work opportunities, a 1-year MBA programme in Canada sets you up for long-term success.
At Yocket Premium, we are here to simplify your study abroad journey. From shortlisting universities that match your profile to navigating application processes, visas, and scholarships, Yocket provides end-to-end support tailored to your needs.
