1 year MBA in Canada is the most demanding course that enables aspiring professionals to gain insight regarding business disciplines in a short time. The intensive program consists of core courses, electives, a project or an internship and more. With a one year MBA in Canada, students can expect to learn vital skills such as finance, marketing, economics, analytics and other areas. Additionally, they will be able to explore options related to entrepreneurship and venture capital that may lead them on the road to financial freedom. 1 year MBA in Canada requires candidates to submit language proficiency test scores like; IELTS or TOEFL. Candidates can opt for 1 year online MBA Canada or classroom programme. Aspirants get huge job opportunities by pursuing these 1 year MBA programs in Canada. The average annual salary of the candidates pursuing one year course in Canada after MBA is approximately 86,000 CAD (INR 52,06,194).
Why Study for 1 Year MBA in Canada?
1 year MBA course in Canada provides a comprehensive curriculum along with excellent exposure and connections that can help students in their future careers. 1 year Full Time MBA in Canada offers many distinct advantages as follows:
- The ability to learn the latest business best practices from industry experts.
- Hands-on experience and insights that can only be gained through full-time study.
- Connections with alumni and faculty networks that provide valuable mentorship opportunities.
- The opportunity to dive deep into specialized topics such as international management, project management, digital marketing or finance.
- Flexible learning formats allow students to complete the program in as little as one year.
- The quality of education is similar to the 2 years MBA course.
- The top universities in Canada offer multiple specializations and programs for 1 year MBA in Canada.
Top Universities Offering 1 Year MBA Course in Canada
Universities across Canada offer accelerated full-time 1 year MBA in Canada for Indian students. 1 year MBA in Canada fees varies according to the university. Here is a list of universities offering one year MBA courses in Canada with the fees and type of MBA:
| Name of University | Tuition Fee |
|---|---|
| Toronto Metropolitan University | 50,616.88 CAD (INR 30,66,538) |
| Smith School of Business, Queen’s University | 81,920 CAD (INR 49,62,985) |
| Wilfrid Laurier University | 49,913 CAD (INR 30,23,895) |
| University of Saskatchewan | 68,190 CAD (INR 41,30,833) |
| HEC Montreal | 59,000 CAD (INR 35,74,142) |
| Lakehead University | 32,358.36 CAD (INR 19,60,226) |
| University of Waterloo | 49,738.89 CAD (INR 30,13,280) |
| McGill University | 99,500 CAD (INR 60,27,665) |
| University of Alberta | 65,000 CAD (INR 39,37,670) |
| Western University | 126,600 CAD (INR 76,69,399) |
Note: 1 CAD= 60.54 INR (as dated 24/04/2023)
Admission Process
Candidates must follow the admission process to apply to the top universities for cheapest 1 year MBA in Canada. The admission process for 1 year MBA in Canada are listed below:
- Shortlist the top universities for applying for one year course in Canada after MBA.
- Browse the official website of the universities to check the admission requirements.
- Fill up the application form.
- Submit the required documents as instructed on the website.
- Pay the application fee.
- After confirmation of admission, apply for a student visa.
Admission Deadline
Candidates can apply for one year online MBA Canada or offline MBA canada. The admission deadline of the top universities for 1 year MBA from Canada is tabulated below:
| Name of University | Admission Deadline |
|---|---|
| Toronto Metropolitan University | February 1, 2023 |
| Smith School of Business, Queen’s University | September 1, 2023 |
| Wilfrid Laurier University | March 1, 2023 (Closed) |
| University of Saskatchewan | May 31, 2023 |
| HEC Montreal | March 15, 2023 (Closed) |
| Lakehead University | April 30, 2023 |
| University of Waterloo | March 1, 2023 |
| McGill University | March 15, 2023 |
| University of Alberta | June 1, 2023 |
| Western University | April 17, 2023 (Closed) |
1 Year MBA in Canada Eligibility Criteria
The eligibility criteria for applying best one year MBA in Canada are as follows:
- Bachelor degree with a GPA of 3.0 or higher is usually required.
- A minimum of 6.5 of IELTS score is required.
- TOEFL score of 100 is required.
- GMAT score from 550-600 is required.
- GRE scorecard
- MBA in Canada with 1 year work experience minimum is required.
1 Year MBA in Canada English Language Requirements
Candidates needs to meet the English language requirement to apply for 1 year MBA courses in Canada. The TOEFL and IELTS requirement for studying 1 year MBA in Canada are as follows:
| English Language Proficiency Test | Minimum Scores |
|---|---|
| IELTS | 6.0-6.5 |
| TOEFL iBT | 90-100 |
1 Year MBA in Canada without GMAT
There are a few colleges that offer admission into one year MBA program without GMAT score. Some of the universities that offer admission without a GMAT score are listed below:
- Queen’s University
- York University
- Lakehead University
- Wilfrid Laurier University
- Concordia University
- Thompson Rivers University
- University of Toronto
- HEC Montreal
- McGill University
Admission Documents Requirement
The documents required for admission 1 year full time MBA in Canada are as follows:
- Bachelor degree in business or relevant fields.
- Updated CV.
- SOP
- LOR
- English language Tests scorecards.
- GMAT or GRE scorecards.
- A relevant passport and visa.
Cost of 1 Year MBA in Canada
Candidates must be aware of the cost of 1 year MBA in Canada. The cost of living for pursuing the best one year MBA programs in Canada is tabulated below:
| Expense Type | Average Cost |
|---|---|
| Accommodation | 1,037 CAD (INR 62,796) |
| Food | 290 CAD (INR 17,561) |
| Transport | 107 CAD (INR 6,479) |
| Internet | 80 CAD (INR 4,845) |
| Books and Supplies | 163 CAD (INR 9,872) |
| Miscellaneous | 310 CAD (INR 18,775) |
Note: 1 CAD= 60.54 INR (as dated 24/04/2023)
1 Year MBA in Canada Scholarships
The scholarship for pursuing one year MBA course in Canada are as follows:
| Name of Scholarships | Amount Granted |
|---|---|
| Ontario Graduate Scholarship | 5,000 CAD (INR 3,02,685) per session |
| Alberta Graduate Excellence Scholarship | 12,000 CAD (INR7,26,446) |
| Forte Fellowship | varies |
| Ivey Admission Scholarships | 10,000 to 65,000 CAD (INR 6,05,379 - 39,34,963) |
Note: 1 CAD= 60.54 INR (as dated 24/04/2023)
Jobs after 1 Year MBA in Canada
Candidates can attain multiple job profiles after pursuing 1 year courses in Canada after MBA. The job profiles and the average salary of the MBA graduates is tabulated below:
| Job Profile | Average Salary |
|---|---|
| Project Manager, (Unspecified Type / General) | 85,885 CAD (INR 51,99,586) |
| Chief Executive Officer (CEO) | 153,781 CAD (INR 93,10,095) |
| Management Consultant | 88,168 CAD (INR 53,37,801) |
| Chief Financial Officer (CFO) | 154,766 CAD (INR 93,69,728) |
| Marketing Manager | 76,087 CAD (INR 46,06,402) |
| Human Resources (HR) Manager | 76,088 CAD (INR 46,06,455) |
| Director of Operations | 114,874 CAD (INR 69,54,039) |
Note: 1 CAD= 60.54 INR (as dated 24/04/2023)
Top Recruiters for 1 Year MBA in Canada
The top recruiters for 1 year MBA in Canada are as follows:
- Accenture
- Deloitte
- KPMG
- Brik Partners
- HomeEquity Bank
- Kinross Gold Corporation
- Concentrix
- Bain & Company
Work Permit
Candidates must apply for a student visa to pursue their one year MBA in Canada. The visa is done in two ways: Regular Study Permit Application Procedure and Student Direct Stream. Candidates can apply through online or offline medium in the Regular Study Permit Application visa process. On the other hand, candidates can register from official website of CIC from an online medium in the Student Direct Stream. Candidates must submit their biometrics for identity verification. The cost of applying for the visa for international students is 150 CAD (INR 9,083).
ROI for the Top Colleges for 1 Year MBA in Canada
The ROI of the top colleges for 1 year MBA from Canada are tabulated below:
| Name of University | Annual Tuition Fee | Cost of Living | Total Expense | Annual Salary | ROI |
|---|---|---|---|---|---|
| Toronto Metropolitan University | 50,616 CAD (INR 30,66,538) | 1,937 CAD (INR 1,17,317) |
52,553 CAD (INR 31,83,278) | 86,000 CAD (INR 52,06,194) |
163% |
| Smith School of Business, Queen’s University | 81,920 CAD (INR 49,62,985) | 83,857 CAD (INR 50,79,447) | 102% | ||
| Wilfrid Laurier University | 49,913 CAD (INR 30,23,895) | 51,850 CAD (INR 31,40,498) | 165% | ||
| University of Saskatchewan | 68,190 CAD (INR 41,30,833) | 70,127 CAD (INR 42,47,504) | 122% |
Canada is the home of the top universities for offering one year MBA programs in Canada. Candidates must meet the eligibility condition for applying 1 year MBA in Canada. Aspirants get immense job opportunities with exceptional high salary after attaining the 1 year MBA course in Canada. There are also multiple scholarships in Canada to give the students financial support for pursuing their studies.
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