Complete Guide to 1 Year MBA in Canada: Top  Business Schools, Cost, Eligibility & Scope of 1 Year MBA in Canada Image
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Complete Guide to 1 Year MBA in Canada: Top Business Schools, Cost, Eligibility & Scope of 1 Year MBA in Canada

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Yocket Editorial Team
13 mins read
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MBA in Canada is one of the most sought-after degrees by many. However, many a time, factors like cost and investing 2 years time to pursue a traditional MBA make students rethink their decision. This is when the 1 year MBA in Canada comes to the rescue. The 1 year management course in Canada is a fully packed course that is covered in less time. If you are the one aspiring to pursue one year MBA programs in Canada, you are at the right place. In this blog, we have discussed everything that you need to know about 1 year MBA in Canada including top universities, fees, application deadlines, eligibility criteria, and much more.

Table of Contents:

  1. Why Study 1 Year MBA in Canada?
  2. Eligibility Criteria for 1 Year MBA in Canada
  3. Jobs After 1 Year MBA in Canada
  4. Frequently Asked Questions for 1 Year MBA in Canada

 

Why Study 1 Year MBA in Canada?

The one year MBA programs in Canada are getting quite popular amongst students due to a number of reasons. So, before going further, let us first look at the benefits of studying 1 year MBA in Canada:

  • Cost-effective: Due to the short length of the 1 year MBA in Canada fees are much lower than the traditional 2 years course. Along with the tuition fees, the cost of living in Canada for additional one year as an international student is also cut off completely.
  • Education Quality: The 1 year MBA in Canada is as good as the 2 years one. The quality of the course is not at all compromised in any of the cases. Hence, both the courses are equally in demand amongst the students.
  • Programs and Specializations: Canadian universities offer a number of different programs and specializations for 1 year MBA in Canada. Some of them include finance, marketing, entrepreneurship, etc.

 

Eligibility Criteria for 1 Year MBA in Canada

1 year MBA admission in Canada depends upon the university and the program you choose. However, the requirements of the top universities in Canada remain the same. Some of them are:

  1. Undergraduate Degree
  2. GMAT or GRE Score
  3. Work Experience
  4. Language Requirements
  5. Passport & Visa

Now let’s look at the eligibility for one year MBA in Canada for international students one by one:

1. Undergraduate Degree

To apply for 1 year MBA in Canada all applicants must have an undergraduate degree of a minimum 3.0 CGPA from a recognized university. You must produce the original transcripts too.

2. GMAT Score

The second most important 1 year MBA in Canada requirement is the GMAT or GRE score. The top universities for 1 year MBA in Canada have made it compulsory for the students to have decent GMAT scores. The GMAT score ranges from 550 to 600 but varies depending on the type of MBA program and university you choose.

3. Work Experience

One of the top 1 year MBA requirements in Canada is work experience. Minimum 2 to 3 years of professional work experience in the relevant field is a must at the time of application. However, not all universities have a mandatory requirement, but it is always preferred.

4. Language Requirements

The English proficiency test is mandatory for all international students to get admission to the universities of Canada. Minimum scores as per the tests are:

  • IELTS – 6.5 - 7.5
  • TOEFL (iBT) – 100

5. Passport and Visa

A valid passport and student visa are a must for all international students to study any course at any university in Canada. Do keep in mind to apply for your visa at least 3 months prior to the expected date of travel.

Suggested: Entrance exams to study in Canada for international students!

 

Application Deadline for 1 Year MBA in Canada

Now let us have a look at the application deadline for 1 year MBA 2022 at the top universities in Canada:

University Name

Application Deadline

University of Toronto

9 March 2022

University of Waterloo

15 January 2022

Western University

31 January 2022

McGill University

15 January 2022

Wilfrid Laurier University

17 March 2022

Suggested: Deadlines and Intakes to study in Canada in 2022!

As you know about the deadlines for 1 year MBA programs in Canada, dive further into the details and specifications of each business school.

 

Top 5 Business Schools for 1 Year MBA in Canada

One year MBA programs in Canada are offered by a number of top business schools. The top ones include:

  1. Rotman School of Management, University of Toronto
  2. University of Waterloo
  3. Ivey Business School, Western University
  4. McGill University
  5. Wilfrid Laurier University

Let us go into details of each university now:

1. Rotman School of Management

The Executive MBA at Rotman School of Management, University of Toronto is one of the best 1 year MBA in Canada. The MBA program here is an ideal choice for senior managers aiming to enhance their strategic decision-making and leadership skills. It is a rigorous, hands-on leadership experience that offers valuable insights to upgrade your career. It is to be noted here that you must have prior experience to apply for one year MBA in Canada at Rotman School of Management.

QS World University Ranking 2022

26

Program Name

Executive MBA

Average Fees Per Year

CAD 116,000

GMAT Score

670

 

2. University of Waterloo

The 1 year MBA course in Canada from the University of Waterloo is specifically designed for creative, ambitious and curious students willing to be successful entrepreneurs. The Master of Business, Entrepreneurship and Technology here is a combination of interdisciplinary courses with practical experience. It is offered in one year as a full-time course, whereas takes two years to complete in part-time mode. Students here are placed in an experimental learning environment.

QS World University Ranking 2022

149

Program Name

Master of Business, Entrepreneurship and Technology (MBET)

Average Fees Per Year

CAD 61,614

GMAT Score

550

 

3. Ivey Business School

Ivey Business school of Western University is amongst the top institutions to offer one year MBA programs in Canada. The MBA here is not simply a set of courses, but an action-oriented learning experience aimed to accelerate your success in the real world. Since an MBA in Canada is a costly affair, Ivey Business Schools has designed it into a 1 year course to minimize your overall costs. The one year intensive course provides a world-class package of curriculum that helps you to achieve your career goals and step into the workforce quickly.

QS World University Ranking 2022

170

Program Name

Ivey MBA

Average Fees Per Year

CAD 120,000

GMAT Score

600

 

4. McGill University

The 1 year management course in Canada at McGill University is offered both for a duration of 12 months and 20 months. The 48 credit program is covered in 12 months, whereas the 54 credit program is stretched to a minimum of 20 months. Both the programs here aim to provide outstanding learning and leadership skills for the students. It offers a wide range of specializations like Finance, Marketing, Global Strategy and Leadership, Business Analytics, and so on.

QS World University Ranking 2022

27

Program Name

Full-Time MBA

Average Fees Per Year

CAD 99,500

GMAT Score

675

 

5. Wilfrid Laurier University

Wilfrid Laurier University is another best business school for 1 year Canada for international students. The objective of this university is to empower the students with the tools and skills necessary to succeed on the path of their choice. Each of the different programs has been designed around delivering the best student experience possible. All these have made Laurier #1 in terms of student satisfaction for the last four years by Maclean’s Magazine

QS World University Ranking 2022

N/A

Average Fees Per Year

CAD 16,579

Popular Programs

Full-Time MBA

Part-Time MBA

Full-Time + Co-op

GMAT Score

650

 

Jobs After 1 Year MBA in Canada

Be it 1 year or 2 years, MBA from the top universities in Canada has an equal amount of value. The graduates are highly sought-after by many leading companies like Apple, Amazon, Deloitte, etc. Some popular jobs with their average salaries are:

Job Title

Average Annual Salaries

Operation Manager

145,000 - 155,000

Economic Development Officer

81,000 - 113,000

Data Analyst

51,000 - 64,000

Business Analyst

81,000 - 93,000

Junior Financial Analyst

47,000 - 55,000

Recommended: What are the Job opportunities after pursuing MBA in Canada?

So, we have seen that 1 year MBA programs in Canada come with various benefits and are offered by top Canadian universities. It's a fantastic alternative for graduates who are already working but want to study in Canada and advance in terms of ability, knowledge, and employment opportunities.

 

Frequently Asked Questions for 1 Year MBA in Canada

 

  1. Is 1 year MBA in Canada good?

Ans. Any MBA from the best universities in Canada offers valuable insights into the ongoing business situation. 1 year MBA in Canada is as good as the one that is of 2 years duration.

 

  1. What is the cheapest 1 year MBA in Canada?

Ans. The 1 year MBA in Canada itself is a cheap option as compared to other 2 years courses. It saves up all expenses of living in Canada for the international students as the course duration is only 1 year.

 

  1. What are the best universities for 1 year MBA in Canada?

Ans. Apart from the above-mentioned ones, other universities offering 1 year MBA in Canada are:

  • HEC Montreal
  • Ryerson University
  • University of Alberta
  • University of Saskatchewan

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