One year MBA in Canada have become quite popular amongst international students. Offering a wide range of specializations through top Canadian universities, MBA in Canada is a highly coveted course. However, some students and working professionals are hesitant to withdraw from their careers for an extended period (2 years full time). The one-year MBA in Canada is the perfect opportunity for such individuals.
Allowing students to complete their MBA degree at an accelerated pace, within 12 months, one year MBA in Canada is now gaining popularity among those who seek to study abroad in the short-term. The course trains students for leadership positions and helps them grab MBA jobs in Canada of their choice.
Universities in Canada seek motivated individuals with demonstrated leadership skills and academic finesse for admission to these accelerated MBA programs. Another advantage of opting for the 1 year MBA in Canada is, that it gives an immediate boost to your career without putting undue strain on your finances.
Universities Offering One Year MBA in Canada
Many top ranking Candian Universities offer accelerated MBA programs that can be completed within 12 months. The tuition fees and application deadlines for some such MBA programs are mentioned here.
| University Name | Application Deadline | Tuition Fee (CAD) |
|---|---|---|
| McGill University | Round 1-November 1, 2022 (applications closed) Round 2- January 15, 2023 Final Round- March 15, 2023 | 99,500 |
| University of Alberta | March 1, 2023 | 65,000 |
| Western University | January 9, 2023 (applications closed) | 123,500 |
| Queen’s University | September 1, 2022 (applications closed) | 82,600 |
| University of Saskatchewan | March 31, 2023 | 60,612 |
| Toronto Metropolitan University | February 1, 2023 | 50,616 |
| HEC Montreal | Round 1- November 15 Round 2- January 15 Round 3- March 15 | 59,000 |
| Lakehead University | February 1, 2023 | 41,800 |
| Royal Roads University | April 17, 2023 | 54,219 |
How to Get Into One year MBA in Canada?
In order to receive an offer of admission for MBA in Canada, students are required to fulfill certain eligibility criteria and complete the admission processes. The admission requirements may vary significantly according to the university selected by the candidate.
Some common admission requirements for admission to the 1 year MBA degree program in Canada is mentioned below:
- Applicants are required to have successfully completed an undergraduate degree program. As a one year MBA in Canada is an accelerated version of the traditional MBA degree, some universities may ask for a UG degree in business/management-related disciplines.
- Most universities in Canada require applicants to the 1-year MBA programs to have at least 2 years of relevant work experience having held positions of leadership and responsibility.
- Applicants who are unable to provide evidence of 2 years of work experience may compensate for it by providing details of internships, volunteer work etc.
- Most business schools also require MBA applicants to submit a valid GMAT score. Applicants should strive to obtain a score of 550 or above to improve their chances of acceptance.
- Additionally, international students are required to submit proof of English Language Proficiency.
- Additional admission requirements include submission of application processing fees, certificate of finances, statement of intent, letters of recommendation etc.
| University | Work Experience (min) | Average GMAT Score | TOEFL/ IELTS Score | UG Score Required |
|---|---|---|---|---|
| Ivey Business School | 2 years | 680 | TOEFL-iBT: 100 IELTS: 7.0 | 87-89% |
| Smith Business School | 2 years | 600 | TOEFL-iBT: 100 IELTS: 7.0 | Minimum B grade or it’s equivalent |
| HEC Montreal | 2 years | 630 | TOEFL-iBT: 72 IELTS: 5.5 | No Specific Grade required |
| Desautels Faculty of Management | 2 years | 670 | TOEFL-iBT: 100 IELTS: 7.0 | 83-87% |
| The Alberta School of Business | 3 years | 550 | TOEFL-iBT: 100 IELTS: 7.0 | 80-83% |
| Edwards School of Business | No minimum limit | 550 | TOEFL-iBT: 86 | 79.6% or equivalent |
| Ted Rogers School of Management | 2 years | 550 | TOEFL-iBT: 93 IELTS: 7.0 | 80-83% |
| Lakehead University | 2 years | 550 | TOEFL pbt: 500 TOEFL ibt: 80 IELTS: 6.5 |
No minimum score |
Applicants should bear in mind that admission to the one-year MBA programs in Canada can be quite competitive. Merely meeting the eligibility criteria does not ensure their admission to Candian Universities.
While applying for a MBA Colleges in Canada, students should ensure that they meet all the eligibility criteria and fulfil all admission processes satisfactorily. Additionally, they should pay special attention to the quality of their statement of intent essays and letters of recommendation.
One Year MBA in Canada Without GMAT
There are certain MBA colleges in Canada that offer 1 year MBA without GMAT in Canada. Some of those universities are tabulated below.
| University | Tuition Fee (CAD) | Average Fees (INR) |
|---|---|---|
| Queen’s University | 82,600 | 49.93 lakhs |
| York University | 112,250 | 67.86 lakhs |
| Lakehead University | 41,800 | 25.27 lakhs |
| Wilfrid Laurier University | 49,738 | 30.07 lakhs |
| Concordia University | 47,900 | 28.96 lakhs |
One Year MBA in Canada: Cost
Tuition fees and cost of living expenses make up the majority of the total costs associated with studying abroad in Canada. Given below is the detailed breakdown of the same.
One Year MBA in Canada: Tuition Fees
The tuition fee for One Year MBA in Canada in some of the top universities is as follows:
| University Name | Tuition Fee (CAD) | Tuition Fee (INR) |
|---|---|---|
| McGill University | 99,500 | 60.15 lakhs |
| University of Alberta | 65,000 | 39.29 lakhs |
| Western University | 123,500 | 74.66 lakhs |
| Queen’s University | 82,600 | 49.93 lakhs |
| University of Saskatchewan | 60,612 | 36.64 lakhs |
| Toronto Metropolitan University | 50,616 | 30.60 lakhs |
| HEC Montreal | 59,000 | 35.67 lakhs |
| Lakehead University | 41,800 | 25.27 lakhs |
| Royal Roads University | 54,219 | 32.78 lakhs |
Cost of Living in Canada
The estimated expenditure and cost of living in Canada for an international student is around 1,987 CAD (1.19 lakhs INR)
| Expense Type | Average Cost (CAD) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 1,037 | 62,465 |
| Food | 290 | 17,471 |
| Transport | 107 | 6,446 |
| Internet | 80 | 4,819 |
| Books and Supplies | 163 | 9,818 |
| Miscellaneous | 310 | 18,673 |
Who Should Opt for a One year MBA in Canada?
Here is a list of questions who must ask yourself before getting ready for a one year MBA in Canada:
- Wish to benefit from an MBA degree without putting a strain on your finances?
- Do you feel that you are ready for the challenge of completing an MBA degree at an accelerated pace?
- Do you have enough experience to make up for the lack of an internship opportunity in the 1-year MBA?
- Are you aware of your professional aspirations and the industry you want to work in?
- Do you wish to switch your career but feel short of time to put into a full-time regular course?
- Will this MBA degree sufficiently aid in the advancement of your chosen career path?
Did you answer these affirmatively? If so, then yes choosing a one year MBA in Canada can prove to be a decision in the right direction.
Why Study One year MBA in Canada?
The professional world is fast-paced and ever-changing. In order to keep up with these evolving requirements, there is a hunger for innovative managers and leaders. The one year MBA is definitely a boon for the organizations seeking qualified employees at the managerial level.
Besides being easy on the pocket and allowing you to start earning faster, here are some other reasons why you might want to consider pursuing a one year MBA in Canada:
Cost Effective
Where a traditional MBA in Canada can cost you up to a Crore or more, one year MBA in Canada will at max cost you 67 lakhs. Not only will it save you time, but it will also save you money. Apart from lower tuition fees, the expense you will incur while staying and studying in Canada will also reduce with your shortened duration of stay.
Advance to Higher-Career Prospects
Most students bear the financial burden of an MBA in the hopes of better career prospects. Their hopes are not in vain, the Ivey Business School reports that over 91% of their MBA graduates experienced some transition in their careers, be it with respect to the position they serve at or the industry they work in.
A one-year MBA aims at a focussed growth of their students by allowing them to explore opportunities, case studies and applicability of their learnings to real life business-problems. Obtaining a one-year MBA from Canada will help you gain the skill set expected out of professionals at a higher level of their careers, which in turn will help you move up on the ladder of your career.
Focused Curriculum
The MBA program demands candidates who are innovative and do not shy away in the face of a challenge. The can-do spirit is indeed more vital in the one-year MBA program since the curriculum is more focused and rigorous. Students are not allowed to just attend lectures.
They are required to solve case studies and real-world business scenarios so that they can become better equipped to solve real-world problems in a shorter time span. Case studies are an integrated part of these courses in Canada making it imperative that students apply their learnings to become skilled professionals.
Opportunity To Build Connections
It is a common belief that the 1-year MBA program does not allow students to form genuine connections since the time frame is so small. However, Ivey Business School and other top Canadian business schools have noted that the shorter time period is what motivates students to reach out and build a strong network of peers in the business world. A close-knit community of students aids the process and helps students exchange learnings with each other.
Career Switch
For professionals looking forward to switching their careers, it can be difficult to indulge in a traditional MBA course for 1.5 to 2 years. In such cases, a one year MBA in Canada is one of the best options available. The course will not only help you in moving towards business and related careers but will also prepare you accordingly as the chances of meeting like minded professionals with similar goals are high.
Also Check: Affordable MBA Universities in Canada!
Cons of Pursuing One Year MBA in Canada
Although the one year MBA degree is gaining popularity in leaps and bounds in Canada and other parts of the world, it is still a relatively new program. As such some of the cons, you might be aware of regarding the 1 year MBA are mentioned below.
- Internship opportunities are not available: One year MBA in Canada is already a highly compressed version of the traditional MBA. Since the entire degree is completed in 12 months or less, most universities and business schools are unable to offer internship programs to the students. The internship program is a crucial part of the traditional MBA program and often helps students go a long way in their careers.
- Fewer schools offer one-year MBA: Since the 1-year MBA is still a new concept in Northern America and Canada, the number of schools offering a degree in one year MBA in Canada is significantly lower as compared to those offering 2-year MBAs. This means that you will have fewer schools to apply to and also face stiff competition for admission to the schools which do offer this program.
- Extreme Pressure: Being a highly compressed version of the traditional 2-year MBA program, the 1-year MBA program comes with tight schedules and long study hours. Students should be aware of the demands of the 1-year program before opting to complete two years worth of courses in one.
Explore: Part-time MBA in Canada!
The one year MBA program structure is still gaining popularity in Canada. However, many top business schools in the country have already started offering this accelerated MBA program having sensed its immense potential. It is an excellent option for graduates who are currently in employment but are looking to quickly level up in terms of skill, knowledge and earnings.
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