Top 10 MBA Scholarships in Canada And How To Apply For Them

Are you an international student looking to study in Canada and obtain your Master Of Business Administration (MBA), and you are seeking an MBA scholarship in Canada? We have put together a comprehensive guide on the Top 10 MBA scholarships in Canada, and how best to apply for them.

Students who have recently completed their undergraduate studies and are interested in furthering their education in the business industry often pursue a Master of Business Administration (MBA), and you have come to the right place for the information you need. We are glad to let you know that it is possible to earn a Master of Business Administration degree from a number of different universities all over the world, but Canada is a better choice if you are someone who loves a welcoming culture.

There are two options for getting an MBA scholarship in Canada. You can either apply to schools in Canada if you want to study there for your MBA, or study online and acquire a certificate. This piece will concentrate on international master’s in business administration (MBA) scholarship opportunities at specific universities.

Getting an MBA in Canada comes with its own advantages. You can find higher-paying jobs in Canada or anyplace else in the world if you have an MBA, and your options will expand significantly as a result. With the skills and information, you’ve gained from your MBA degree, you’ll be ready to launch your own company and successfully run it.

The benefits of studying an MBA course far outweigh the costs associated with doing so, but there are still benefits and drawbacks to consider.

An MBA degree can cost anywhere from $32,000 to $106,000, depending on the program and the school. When you add up the costs of living throughout school, it may seem hard to pursue a career in business at all. This is why many international students look for MBA scholarships in Canada. Below we have listed the top 10 MBA scholarships in Canada and how to apply for each of them. 

Here Are The Top MBA scholarships in Canada:

Ontario Graduate Scholarship (OGS) Program:

The Ontario Graduate Scholarship is one of Canada’s most sought-after MBA fellowships, providing financial support for post-secondary education at the master’s and doctorate levels in any field. It is a scholarship awarded by the best institutions in Ontario, Canada, based on academic achievement. The scholarship is also merit-based, thus it’s difficult to win.

Scholarship recipients are required to enroll in a full-time 21- to 52-week program. The annual scholarship amount given to MBA students by Ontario University ranges from $5,000 to $15,000.

Ontario Colleges and Universities Taking Part:

Carleton University

York University

University of Windsor

University of Waterloo

The scholarship is valued between 45,000 per term to a maximum of $15,000 in an academic year.

Eligibility For The Ontario Graduate Scholarship (OGS) Program:

To be eligible for this scholarship applicants should be:

1. Enrolled in graduate studies at the Master or Doctoral level;

2. Looking at undergoing a full-time program that will culminate in 2 or more terms (21 to 52 weeks in total).

3. Students attending an Ontario school that is a participant in the scholarship program.

Deadline For The Ontario Graduate Scholarship (OGS) Program Application:

The application for the Ontario Graduate Scholarship (OGS) Program opens every October, and the closing date are not the same for all the schools. So, applicants must contact the schools they wish to apply to for the deadline dates.

Popular Exams Needed To Study In Canada:

• IELTS
• GRE
• TOEFL
• PTE Academics
• USMLE Exam
• ACT

The Rotman School of Management Scholarships:

About one-third of incoming students at the Rotman School of Management, University of Toronto, receive some form of financial aid, typically in the form of scholarships, fellowships, or awards. Rotman Scholarships are among the most sought-after Canadian MBA scholarships for international students, with the goal of removing any monetary obstacles to studying at the Rotman School of Management for students who otherwise meet the admissions requirements.

The Rotman School of Management Scholarships is of three types. They are:

1. Rotman Entrance Awards and Fellowships

2. Forté Foundation Scholarships

3. MGA/MBA Awards

The Value Of The Rotman Entrance Awards and Fellowships:

There are two popular entrance awards for the Rotman School of Management Scholarships which are granted to students who enroll in the Morning and Evening MBA programs. They are the ‘Five Women in Business Excellence Awards, valued at $10,000, and the ‘Two Morning MBA Excellence Awards valued at $20,000.

Eligibility For The Rotman Entrance Awards and Fellowship:

1. Every student that gains admission into the Rotman School of Management is instantly qualified to apply for the Rotman Entrance Awards and Fellowship.

2. Every applying student must meet the MBA programme admission requirements, which are:

• English language proficiency
• TOEFL/IELTS test scores
• GMAT scores and interview

Deadline For The Rotman Entrance Awards and Fellowships Application:

The first application deadline for Morning and Evening MBA is November of every year. For further information about the deadline, you can email the Rotman Entrance Awards and Fellowships.

The Value Of The Forté Foundation Scholarships:

The Forté Foundation Scholarship which is a part of the Rotman School of Management Scholarships is valued at $40,000.

Eligibility For the Forté Foundation Scholarships:

1. The students who apply for the Forté Foundation Scholarships must show exemplary leadership ability in their disciplines and field of endeavor.

2. Applicants must demonstrate commitment to women and girls via one-on-one mentorship or work with a community of women and girls.

Deadline For the Forté Foundation Scholarships Application:

The first application deadline for Morning and Evening MBA is November of every year. For further information about the deadline, you can email the Forté Foundation Scholarships.

The Value For The MGA/MBA Awards:

The MGA/MBA Awards which is a part of the Rotman School of Management Scholarships is valued at $30,000.

Eligibility For The MGA/MBA Awards:

1. This award is offered to the best student in the MGA (Master of Global Affairs)/MBA Programme.

Deadline For The MGA/MBA Awards:

The first application deadline for Morning and Evening MBA is November of every year. For further information about the deadline, you can email the MGA/MBA Awards.

The Sauder School of Business Entrance Scholarship:

Canada’s Sauder School of Business, located at the University of British Columbia, provides international students with its own unique MBA scholarships to entice bright minds from all over the world to study there. International students who excel academically are eligible to receive entry scholarships from Sauder based on merit.

The Sauder School of Business Entrance Scholarship has two categories of scholarships under its program. They are:

1. Global Business Leader of Tomorrow Scholarship

2. Accelerated Career Scholarship

The Global Business Leader of Tomorrow Scholarship is awarded to students who have the potential to make a lasting impression on Sauder’s Global brand, and influence its image. It is valued between $10,000-$15,000. In the selection of applicants to be awarded this scholarship, the institution takes a holistic approach while also using the scores of the students in the GMAT/GRE and GPA. The application essay and performance at the interviews also play a key role in awarding this scholarship.

The Accelerated Career Scholarship is awarded to candidates who possess impeccable career potential, can lead by example, and in the long run project Sauder’s commitment to excellence. The value of the scholarship ranges between $5,000-$10,000. They consider candidates’ GPAs, as well as their GMAT/GRE scores and other standardized test results when deciding who will receive this scholarship. The quality of the application essay and the candidate’s performance in the interviews are both major factors in determining who receives this prize.

Deadline For Application Of The Sauder School of Business Entrance Scholarship:

• Early Admissions Round – December
• 1st Admissions Round – February
• 2nd Admissions Round – April
• Final Admissions Rounds – June

The Alberta MBA Scholarships:

The Alberta School of Business at the University of Alberta awards a number of MBA scholarships in Canada to deserving international students. Typically, these grants cover tuition costs for an entire Master of Business Administration degree program.

The Alberta MBA Scholarships has three categories of scholarships under its program. They are:

1. AIMCo MBA Award

2. Claude Winspear MBA Award

3. Michael Lang MBA Award

The AIMCo MBA Award is offered annually to full-time MBA students who specialize in finance. The value is $10,000. Those who are eligible for this scholarship are students with (a) High academic achievement (b) Excellence outside of the classroom (c) High GMAT scores.

The Claude Winspear MBA Award is open to students who possess leadership skills and excellent academic credentials, and who are enrolled in a full-time MBA program at Alberta University. This scholarship is open to students who possess leadership skills and academic credentials, and who are enrolled in a full-time MBA program at Alberta University. The value of this scholarship is $10,000. Those who are eligible for this scholarship are students with (a) High academic achievement (b) Excellence outside of the classroom (c) High GMAT scores.

The Michael Lang MBA Award is a popular Canadian MBA scholarship that is awarded to full-time candidates. Its value is $10,000. Those who are eligible for this scholarship are students with (a) High academic achievement (b) Excellence outside of the classroom (c) High GMAT scores.

Deadline For Alberta MBA Scholarships:

The deadline for all applications for the Alberta MBA Scholarships is the April of every year.

The Ivey MBA Scholarships:

The Ivey Business is renowned for offering a number of MBA scholarships, including some of the largest merit-based MBA scholarships in Canada. It is the largest scholarship funding in Canada. The scholarship ranges from $10,000 to half of the tuition fee. The eligibility for this scholarship is based purely on merit and leadership qualities exhibited by the applicants. The parameters for the selection include exceptional professional experience, leadership skills, and academic excellence, in addition to strong GMAT scores.

The Deadline For The The Ivey MBA Scholarships:

Applications from students are accepted multiple times in every academic year, including in November and January.

The Haskayne School of Business MBA Entrance Scholarships:

This scholarship is geared towards assisting international students who have financial difficulties on their path toward becoming future leaders. Among the popular MBA scholarships in Canada, the Entrance Scholarship also hopes to attract high-achieving international students to the university. The scholarship is valued at $5,750 per year or $11,500 for a period of two years ((assuming 10 half-courses per year and a minimum grade of B on all of their courses). The scholarship is awarded on merit and recognizes the GMAT scores and GPA of the applicants. It is offered to daytime and evening students, and also all international daytime visa students are eligible to apply.

The Deadline For The Haskayne School of Business MBA Entrance Scholarships:

There are two deadlines for application for the Haskayne School of Business MBA Entrance Scholarships. They are as follows:

Fall Admission: Early submission: January 15 (decision made by March 1), while the Final deadline is June 1.

Winter Admission: November

The Schulich School of Business Scholarships:

There are a variety of MBA scholarships available to international students at the Schulich School of Business. The financial value of many of these awards is high enough to rank them among the most generous MBA grants in Canada. Two types of MBA scholarships are available: Two types of financial aid are offered to students: 1) Entrance Scholarships and 2) Continuing Student Awards.

1. Entrance Scholarships:

These groups of scholarships offer huge amounts of money and are made available to full-time students at Schulich. There are awards under the Entrance scholarships, namely: Robert Krembil Scholarship of Merit (valued at $33,000), Seymour Schulich MBA Entrance Scholarship (valued at $24,200), Tanna H. Schulich MBA Entrance Scholarship (valued at $24,200), and the Scotiabank Scholarships in International Business (valued at $20,000). Full-time students studying at Schulich are given these scholarships based on merit.

Deadline for the Entrance Scholarships:

No separate application is necessary for applicants, as full-time students are automatically considered for these MBA scholarships in Canada.

2. Continuing Student Awards:

To qualify for this MBA scholarship in Canada, you must be enrolled in the MBA, IMBA, or MPA program at the University of Schulich. There are four separate scholarships under the Continuing Student Awards. Namely: Thomas Beck MBA Award (valued at $5,000), Carol Anne Letheren Women’s MBA Award (valued at $3,000) Sony of Canada MBA Scholarship (valued at $3,000), and the Wigwamen Scholarship (valued at $2,500). These scholarships are awarded based on academic achievement as well as specific criteria.

The Deadline For The Continuing Student Awards:

There are two separate deadlines for this award. The January entry has three rounds of deadlines: September, October, and Late applications, while the September entry has deadlines of January, February, and April.