Top 5 MBA Scholarships in Canada (2024)

On average, doing an MBA in Canada will burn a hole in your wallet—between 40,000 and 1,50,000 CAD. The good news is that MBA scholarships are available to foreigners in Canada. This will enable you to lower your Canadian study-related expenses.

Top 5 MBA Scholarships in Canada (2024)

You must prove your greatness to study MBA abroad on scholarship. Getting an impressive GMAT score is one way to do it. Applying for MBA scholarships in Canada is possible if you have strong academic credentials, high test results, and an overall stellar performance. Now let’s explore Canadian MBA scholarships for overseas students and have a look at this blog’s scholarship application procedure.

The following are a few of the top MBA scholarships to be aware of:

1. Graduate Scholarship Program in Ontario

Getting the Ontario Graduate Scholarship is quite difficult. Applications are open to foreign students wishing to enrol in a two-year program or a master’s degree in Ontario.

Ontario Graduate Scholarship Eligibility

• The candidate needs to be enrolled at one of Ontario’s universities.
• You should pursue a two-year program.
• You have to have completed your studies in the last two years with at least an A-.

Award

• Recipients get approximately CA$ 5,000 every semester.
• You could be awarded CA$ 10,000 for two semesters or CA$ 15,000 for three semesters.

2. Haskayne Entrance Donor Scholarships

The Haskayne School of Business MBA in Canada scholarship program at the University of Calgary provides financial aid to foreign students who have exceptional GPAs and GMAT results. This is a fantastic choice if you are seeking an MBA scholarship in Canada for Indian students and you have strong academic credentials.

Haskayne Business School offers numerous MBA scholarships during your first and second years of study in addition to the entry scholarship.

Eligibility for the Haskayne School of Business MBA Scholarship

• Scholarships are given out depending on several factors, including your test results, academic standing, career aspirations, etc.

Award

• Throughout their time, recipients may receive anything from CA$ 3000 to CA$ 17,000 in awards.

3. Schulich School of Business Scholarships

By submitting your strong marks, you can study MBA abroad with scholarships at the Schulich Management School in Canada. The Schulich Scholarships from York University are given to students worldwide to support higher education.

Eligibility for Scholarships at Schulich School

• Scholarships for Entrance (based on merit)
• Persistent Scholarship (Excellent performance during the course)

Awards

• Students are given several scholarships worth between CA$ 25,000 and CA$ 40,000.
  Among them are:
• Merit Scholarship for Robert Krembil
• The Excellence in Leadership Award from Goldberg
• Scholarship for Seymour Schulich MBA Admission
• Scholarship for Tanna H. Schulich MBA Entrance
• The Main Scholarship for Heather L. (Women in Capital Markets)
• International Business Scholarship from Scotiabank

4. Sauder School of Business Scholarship

Remarkable overseas students can apply for scholarships of their own brand from Sauder Business School in Canada. You should give Sauder Management School a look if you’re seeking an MBA scholarship for Indian students studying in Canada. With so many MBA scholarships available to Asian and international students, you too could be able to secure funding.

• A few of the well-known scholarships offered under this program are the Dean’s Entrance Scholarship, the Asia Top Talent Scholarship, the Women in Business Leadership Scholarship, the Hari Varshney MBA Entrance Scholarship, and the International Talent Scholarship.

Eligibility for Sauder MBA Scholarships

• Scholarships for admission (selection is done on the basis of merit)
• Demonstration of entrepreneurial abilities
• Proficiency in leadership
• Prior business experience
• Superior academic performance

Awards

• Students can get between $10,000 and $40,000 from some of the awards.
• Up to half of your tuition can be awarded by the Hari Varshney MBA Entrance Scholarship and the Madhu Varshney MBA Scholarship.

5. Rotman School of Management Scholarships

One of the top business schools in Canada is the Rotman Business School at the University of Toronto. And the rivalry is, too. Thus, getting into business school and being awarded a scholarship are difficult but well worth it!

• Rotman provides Indian students with MBA scholarships in Canada. This is one of the scholarships that provides an MBA in Canada that is fully supported.
• Among the well-known MBA scholarships include the Joseph L. Rotman Scholarship, the Rotman Family Healthcare Scholarship, Entrance Awards, the Business Design Initiative (BDI) Scholarship, and the 30% Club Full-Time MBA Scholarship.

Rotman School Of Management Scholarships Eligibility

• Candidates have to be enrolled in Rotman’s MBA program.
• There are merit-based rewards given.

Awards

• $10,000 in fully funded scholarships are available.
• Rotman provides over ten scholarships. Every scholarship is unique.
• Financial advantages are there in each of them, though.

How Can I Apply In Canada For An MBA Scholarship?

It’s easy to apply for scholarships overseas. Direct applications are accepted via the business schools’ website. You can also ask the administrative department of the university you want to attend for assistance if you’re confused about the procedure.

How to apply for Canadian MBA scholarships:

• Go to the universities’ official websites.
• Recognize the requirements for eligibility for the university scholarship.
• Assemble the required paperwork.
• Take the GMAT and IELTS tests, if necessary.
• Sign up and submit your online scholarship application.
• Await the reply from the university.

One excellent option for funding your MBA studies in Canada is through scholarships. However, as you have probably noted, the only factors that determine whether a person receives a scholarship in Canada are merit, high GPA, work experience, and GMAT scores. This indicates that in order to successfully apply for a scholarship, you will need to work especially hard and ensure that you receive excellent undergraduate results.

Conclusion

Canada is proud to offer a wide range of top MBA scholarships in 2024, which is indicative of the country’s dedication to promoting quality and diversity in business education. With scholarships that highlight gender diversity and leadership, such as the Women in Business Leadership Scholarship, the Rotman School of Management stands out. The Schulich School of Business encourages academic performance and diversity by providing scholarships like the Schulich Leader Scholarship. Scholarships from Ivey Business School, such as the Ian O. Ihnatowycz Institute for Leadership Scholarship, emphasize community involvement and leadership potential.

With awards like the Queen’s MBA Entrance Scholarship and the Smith Women in Business Scholarship, which highlight merit and diversity, Queen’s Smith School of Business places a high value on talent. The HEC Montréal MBA Entrance Scholarship is one of the scholarships offered by HEC Montréal that honour deserving applicants who are pursuing an MBA. These scholarships contribute to the dynamic and inclusive landscape of MBA education in Canada by relieving financial difficulties while simultaneously rewarding and incentivizing exceptional accomplishments.

Frequently Asked Questions about MBA scholarships in Canada