Canada is known for having one of the biggest economies in the world, with plenty of resources for entrepreneurs. Pursuing a 1 year MBA in Canada can help you prepare for real-time business situations with its diligent curriculum and projects. MBA is emerging career options for professionals in the business sector. With the world’s highest per-capita immigration, it provides a place for Indian students interested in pursuing a 1 year MBA in Canada. This informative blog will provide you with an overview of the 1 year MBA programs available in Canada, as well as the top universities from which to choose and other pertinent information.
This Blog Includes:
- Best 1 Year MBA Programs in Canada with Universities
- Eligibility Criteria for 1 Year MBA in Canada
- Ivey Business School
- Sauder School of Business
- HEC Montreal
- Alberta School of Business
- Smith School of Business
- McGill University
- 1 Year MBA in Canada: Application Deadline
- Other Universities
- Why Study 1 Year MBA in Canada?
- Most affordable MBA colleges in Canada [BONUS]
- MBA in Canada without GMAT
Best 1 Year MBA Programs in Canada with Universities
Here are some of the best 1-year MBA programs in Canada along with their QS World University Rankings 2022:
|University||Top 1 Year MBA Programs in Canada||QS World University Rankings: 2022||Tuition Fee||Exams Accepted|
|Rotman School of Management, University of Toronto||1-Year Executive MBA||26||CA$42,643[25,12,926 INR]||IELTS, TOEFL, GMAT & GRE|
|Smith School of Business, Queen’s University||Full-time MBA||=240||CA$110,260[64,97,555 INR]||IELTS, TOEFL, PTE, GMAT & GRE|
|Ivey Business School, Western University||MBA||170||CA$111,750[65,85,360 INR]||IELTS, TOEFL, PTE, & GMAT|
|Wilfrid Laurier University||MBA||–||CA$15,405[9,07,807 INR]||IELTS, TOEFL, PTE, GMAT & GRE|
|University of Saskatchewan||MBA||458||CA$47,883.48[28,21,744 INR]||IELTS, TOEFL & GMAT|
|University of Waterloo||MBA (MBET)||=149||CA$58,680[34,57,977 INR]||IELTS, TOEFL & PTE|
|HEC Montreal||MBA||–||CA$54,000[31,82,187 INR]||IELTS, TOEFL & GMAT|
|Lakehead University||MBA||–||CA$37,800[22,27,531 INR]||IELTS & TOEFL|
|John Molson School of Business, Concordia University||MBA||521-530||CA$29,362[17,30,285 INR]||IELTS, TOEFL, GMAT & GRE|
|Royal Roads University||MBA in Global Management||–||CA$33,475[19,72,662 INR]||IELTS & TOEFL|
|McGill University||MBA||=27||CA$99,500[58,63,475 INR]||IELTS, TOEFL, GMAT & GRE|
|University of Alberta||MBA||126||CA$16,129[9,50,472 INR]||IELTS, TOEFL, PTE, GMAT & GRE|
|Ryerson University||MBA||801-1000||CA$38,740[22,82,924 INR]||IELTS, TOEFL, PTE, GMAT & GRE|
Eligibility Criteria for 1 Year MBA in Canada
In order to apply for MBA in Canada, you will be required to fulfil certain admission criteria specified by your chosen university. Though the actual course requirements might vary as per the program and university, here are the major admission requirements for 1 year MBA in Canada:
- The applicant must have completed a bachelor’s degree or its equivalent from a recognised academic institution with the minimum grades specified by the university.
- For MBA courses in Canada, you will have to provide GMAT or GRE scores depending on the course requirements along with English language proficiency scores of IELTS/TOEFL, etc.
- Many universities might also prefer candidates with professional work experience although it is not mandatory.
- You will also have to provide a Statement of Purpose (SOP), Letters of Recommendation (LORs) and your CV and resume.
To know more, check out Eligibility for MBA in Canada!
Ivey Business School
Recognised for its excellence worldwide, Ivey Business School of the Western University is defined by its outstanding track record for developing business leaders. The school offers a 1 year MBA in Canada. Students who aspire to achieve their career goals in less time with the help of a top-ranked career management team and an extensive alumni network can consider Ivey, as a great study abroad option.
Sauder School of Business
The UBC Sauder School of Business is a faculty at The University of British Columbia. The school offers a 12 to 15-months MBA program to North America’s most culturally diverse bodies, with 60-70% of students coming from outside Canada. The course pattern combines classroom learning with practical experience with global immersion. Its study curriculum is built around five experiential learning factors which rely on creativity, decision making, sustainability and ethics, global issues and microeconomics, and leadership development. Known for its 1 year MBA in Canada, UBC Sauder is a wise choice to international students.
HEC Montreal is the first Canadian business school in the world. It offers an internationally renowned management education and research to students across the world. The school is famous for its 1 year MBA in Canada with a strong emphasis on practical work experience. Students are taught with effective teaching methods to actively enhances their skills.
Alberta School of Business
The Alberta School of Business of the University of Alberta offers a 1 year MBA in Canada that is designed to allow students with existing business knowledge to take their leadership skills to another level. The students are provided with 5 core electives throughout the degree program. Aiming to bring together world-class faculty with the brightest students, the UAlberta MBA program equips you with all the required skills and knowledge to advance your career.
Smith School of Business
The Smith School of Business is yet another well-known and prestigious institution in Canada that offers a one-year MBA programme. The Smith School of Business at Queen’s University is a business school in Kingston, Ontario, Canada. Smith grants several Forté Foundation Fellowships to highly qualified female MBA students as the first Canadian business school to join the Forté Foundation. Smith’s 12-month Program has been ranked first in Canada for employability, with graduates receiving nearly double their pre-course salary of US$81,320, compared to US$44,379. The curriculum consists of 13 courses as well as a six-month integrative project.
McGill University, regarded as one of Canada’s finest and highest-ranking institutions or universities, has thus been able to re-enter our list of the best universities offering one-year MBA in Canada. It is a public research university in Montreal, Quebec, Canada, that was founded in 1821 by King George IV’s royal charter. McGill University’s 20-month MBA program is tailored for high-achieving and motivated students who want to make a significant difference in their careers. It is regarded as one of the world’s most prestigious, diverse, and competitive MBA programs, with over 60% of its students hailing from 60 different countries.
1 Year MBA in Canada: Application Deadline
|McGill University||Round 1: 15th November
Round 2: 15th January
Round 3: 15th March
|HEC Montreal||Round 1: 15th November
Round 2: 15th January
Round 3: 15th March
|University of Alberta||15th April 2021|
|Royal Roads University||January Session: 13th October
May Session: 18th December
September Session: 6th June
|Ryerson University||Spring Session: 22nd February
Fall Session: 26th April
|Lakehead University||1st February|
|University of Saskatchewan||To be announced soon|
|Smith School of Business, Queen’s University||Rolling Admissions|
|Ivey Business School, Western University||Rolling Admissions|
Apart from the above-mentioned list, there are some other universities as well, that are offering one-year MBA in Canada are as follows:
- Sauder School of Business, The University of British Columbia
- University of Regina
- Brock University
- Cape Breton University
- Trinity Western University
- Schulich School of Business, York University
- Saint Mary’s University
Why Study 1 Year MBA in Canada?
Canada consists of some of the greatest colleges offering excellent MBA programs across several disciplines. Here, we have highlighted some of the key reasons that make it a perfect destination to pursue a 1 year MBA in Canada:
Colleges and universities in Canada offering 1-year MBA program are globally recognised to providing students the knowledge and skills to achieve management positions in the business world. and offer quality education in various disciplines. Graduate and postgraduate degrees awarded by Canadian colleges are accepted worldwide.
Affordable Tuition Fees
For international students studying in a foreign country comes with great financial constraints but most colleges in Canada offer programs at affordable rates. A 1 year MBA in Canada, unlike the typical 2-year program is comparatively affordable for Indian students.
One of the key features of studying in Canada is that most of the courses in the universities and colleges are offered in English, other than French. The 1-year MBA program typically combines classwork and individual coaching for personal development.
Safe for International Students
Canada is one of the safest countries in the world with low crime rates. The country is known for its social progress and development offering a diverse and cosmopolitan environment.
Most affordable MBA colleges in Canada [BONUS]
Apart from the aforementioned universities that are offering world-class 1 year MBA in Canada to international students, here is a list of the most affordable universities in Canada that are offering 1-2 years MBA programs at a much affordable price.
|Most affordable MBA colleges in Canada||Average 1 Year Tuition Fee||Duration of MBA courses offered|
|University of Ottawa||CAD 18,000- 20,000 (INR 10,73,529- 11,92,810)||1.5-2 years|
|University of Waterloo||CAD 18,000- 20,000 (INR 10,73,529- 11,92,810)||1 year|
|University of Prince Edward Island||CAD 15,000- 17,000 (INR 8,94,607- 10,13,888)||20 months|
|Saint Mary’s University||CAD 28,000- 30,000 (INR 16,69,934- 17,89,215)||12 months|
|Wilfrid Laurier University||CAD 12,000- 15,000 (INR 7,15,686- 8,94,607)||12 months|
|University of New Brunswick – Saint John||CAD 12,000- 15,000 (INR 7,15,686- 8,94,607)||1-2 years|
|University of Saskatchewan||CAD 4,000- 6,000 (INR 2,38,562- 3,57,843)||2 years|
|University of Manitoba||CAD 4,000- 6,000 (INR 2,38,562- 3,57,843)||2 Years|
|University of Northern British Columbia||CAD 3,000- 5,000 (INR 1,78,921- 2,98,202)||2 Years|
|Memorial University of Newfoundland||CAD 2,000- 4,000 (INR 1,19,281- 2,38,562)||1.5-2 Years|
MBA in Canada without GMAT
There are several 1 year MBA courses in Canada that doesn’t require GMAT given the applicant fulfils other eligibility requirements. Here are the top universities for MBA in Canada without GMAT:
- Queen’s University
- York University
- Lakehead University
- New York Institute of Technology, Vancouver Campus
- Wilfrid Laurier University
- Ivey Business School, Toronto
- Thompson Rivers University
- University of Toronto
- Concordia University
- HEC Montreal
- McGill University
The average and estimated cost of studying for a one year MBA in Canada is roughly around $30,000 to $40,000 per year from a renowned and recognized university.
In comparison to a standard full-time MBA, where learning is at an optimal speed and the level of difficulty is not as intense, one-year MBA programs are typically an intense experience, where all learning and activities are compressed into a 10-12 month time-frame. A one-year MBA necessitates much more emphasis and clarification in terms of career ambitions, and may not be appropriate for those looking to change industries or careers.
Canadian prices not only make the MBA programs more affordable, but they also provide a good return on investment. In 2019, the average MBA salary in Canada will be just under $100,000, which is higher than comparable salaries in France, Australia, and the United Kingdom.
The majority of MBA programs in Canada last two years, but others can be completed in as little as 18 months or 12 months. Accelerated MBA programs or one year MBA in Canada programs is what they’re called.
Canada has a rising job demand for MBA professionals and provides world-class business education. Finance and consulting jobs are more common among international students because they have a higher employment rate.
You’ve probably heard people recommend WES (World Education Services) for ECA, especially in India. If you have an MBA from India, however, you should not choose WES. They’ll call it a ‘One year Postgraduate certificate’ instead of a ‘Master’s degree’ in Canada.
We hope that you’re now familiar with options to pursue a 1 year MBA in Canada. If you are planning to pursue MBA programs in Canada and need assistance, get in touch with our experts at Leverage Edu, who can guide you in taking a concise decision about your career.