MBA Scholarships in Canada

Canada is one of the most popular study destinations abroad, attracting international students from all over the world, especially for higher education programs such as Masters, Research, and PhDs. Did you know that you can almost certainly study in Canada on completely or partially supported scholarships? If you planning to study MBA in Canada, then you can choose from a wide range of fully-funded as well as university scholarships that can help you cover your tuition fees. Read this blog to find the best MBA scholarships in Canada you can’t miss!

Popular Intakes in Canada

There are three kinds of intakes offered by Canadian Universities:

• Fall Intakes: This begins in September and is the most popular intake for universities and students. All courses and programs are available for this intake. 
• Winter Intakes: This begins in January and is the second-most preferred intake for international students. Students who have missed the deadlines for the fall intake, generally go for this session.
• Summer Intakes: This begins in April/May. This intake is ideal for those who want to apply for a specific program as the universities offer limited seats and courses. This is the least popular intake.

Eligibility for MBA in Canada

• The candidate must have earned a bachelor’s degree from a recognized academic institution with the minimum grade point average specified by the university of choice.
• An average of 2-3 years of job experience (might not be required by some universities)
• A legitimate GMAT or GRE score, as well as English language competence scores such as IELTS/TOEFL, are also necessary.
• Goals and Objectives (SOP)
• Recommendation Letters (LORs)

MBA Scholarships in Canada

Check out the MBA Scholarships for international students in Canada:

Here’s a refined list of MBA Scholarships in Canada with a focus on the specific institutions and scholarship types you mentioned. These scholarships cater to both entrance and continuing students and are designed to support international MBA aspirants in Canada:

Haskayne School of Business MBA Entrance Scholarships	University of Calgary (Haskayne School of Business)	CAD 5,000 to CAD 20,000	Merit-based, academic excellence, leadership qualities, and community involvement	Varies by intake (Fall/Winter)
Ivey MBA Scholarships	Western University (Ivey Business School)	Up to CAD 20,000	Academic and professional achievements, leadership potential, no separate application required	Rolling basis (with MBA admission)
Alberta MBA Scholarships	University of Alberta	Up to CAD 15,000	Merit-based, academic performance, leadership qualities, offered automatically with admission	Varies by admission cycle
Sauder School of Business Scholarships	University of British Columbia (UBC Sauder School of Business)	Up to CAD 50,000	Leadership potential, strong academic performance, and community engagement	Varies based on program intake
Rotman School of Management Scholarships	University of Toronto (Rotman School of Management)	Up to CAD 40,000	Academic excellence, leadership, and professional experience	Rolling basis (with MBA admission)
Schulich School of Business Scholarships	York University (Schulich School of Business)	CAD 20,000 per year	International students, academic excellence, leadership abilities, includes entrance and continuing student awards	Varies by program intake
Entrance Scholarships	Various Canadian Universities	Varies (Partial to Full Tuition)	For newly admitted students based on merit, academic excellence, leadership, and community involvement	Varies (depending on university)
Continuing Student Awards	Various Canadian Universities	Varies	Merit-based scholarships for students continuing their MBA studies, based on academic performance and engagement	Varies (after completion of 1st year)
Ontario Graduate Scholarship (OGS) Program	Participating Ontario Universities	Up to CAD 15,000 per year	Academic excellence, full-time graduate students at an Ontario university, international students are eligible	Varies by university (Feb-May)

Additional Information:

• Haskayne, Alberta, and Ivey MBA scholarships offer automatic consideration upon admission, reducing the burden of separate applications.
• Rotman, Schulich, and Sauder scholarships are known for their significant financial support, particularly for candidates demonstrating strong leadership potential.
• The Ontario Graduate Scholarship Program is a province-wide initiative for graduate students, including MBA candidates, enrolled at participating Ontario universities.
• Continuing student awards are available for high-performing MBA students after their first year, encouraging academic consistency and contribution to the university community.

1. Haskayne School of Business MBA in Canada Scholarships

The University of Calgary’s Haskayne School of Business MBA entrance scholarship is designed to help foreign students overcome challenges on their way to becoming future leaders.

This entrance scholarship is one of the most well-known MBA scholarships in Canada for international students and is offered with the aim of attracting high-achieving students from all over the world to the university.

Here are the key features of Haskayne School of Business MBA in Canada Scholarships:

Scholarship name	Value	Eligibility
Haskayne School of Business MBA Entrance Scholarships	CAD 5,000 – CAD 20,000	All international daytime visa students are eligible for the award, which is based on merit and takes into account GPA and GMAT scores.

2. Ivey MBA Scholarships in Canada

One of the key reasons you would want to attend Ivey Business School, University of Western Ontario, is that it offers a variety of MBA scholarships in Canada, including some of the most competitive merit-based MBA scholarships in the nation.

We have elaborated the key details of IVEY MBA Scholarships below:

Scholarship name	Value	Eligibility
Ivey MBA scholarships (Western University)	The awards range from CAD 20,000 to a half-tuition fee.	The selection criteria include excellent professional experience, leadership abilities, academic performance, and high GMAT ratings, and are based solely on merit and leadership qualities.

Also read: Best 1 Year MBA in Canada, Fees, B-Schools & More

3. Alberta MBA Scholarships

The University of Alberta‘s Alberta School of Business offers a variety of MBA scholarships to deserving foreign students.

These scholarships are usually available for the entire MBA program. Alberta MBA scholarships are worth CAD15,000 and the basic eligibility for such scholarships is outstanding academic accomplishments and a valid GMAT Score. 

Let’s have a look at these MBA scholarships in Canada offered by the University of Alberta:

Scholarship name	Description of the scholarship
Claude Winspear MBA Award	Open to students enrolled in a full-time MBA programme at Alberta University who have shown leadership abilities and academic credentials.
Michael Lang MBA Award	It is another well-known MBA scholarship in Canada, and it is only available to full-time MBA students.
AIMCo MBA Award	Annually, full-time MBA students specialising in finance are eligible to apply.

4. Sauder School of Business Scholarship

To draw future talent from around the world, the Sauder School of Business at the University of British Columbia offers its own brand of MBA scholarships in Canada for international students. International students with outstanding academic records can apply for merit-based entrance scholarships at Sauder.

Let us have a quick look at some of these amazing MBA Scholarships in Canada:

Scholarship name	Description of the scholarship	Value
Accelerated Career Scholarship	Candidates with exceptional career potential, particularly those who can lead by example and demonstrate Sauder’s dedication to excellence, are eligible for this scholarship.	CAD 5,000-CAD 10,000
Global Business Leader of Tomorrow Scholarship	Candidates that have the ability to leave a lasting impact on Sauder’s global brand are eligible for this scholarship.	CAD 10,000-CAD 15,000

To select students for this Sauder School of Business MBA scholarship, a holistic approach is used, with criteria such as GMAT/GRE and GPA ratings, as well as other contributing factors such as application essays, interview results, and so on.

Also Read: MBA in Canada Without GMAT

5. Rotman School of Management Scholarships

Every year, about a third of students studying at the University of Toronto‘s Rotman School of Management receive entrance scholarships, fellowships, and prizes.

Rotman scholarships are one of the most well-known MBA scholarships in Canada for international students, and they aim to overcome any financial obstacles that might stand in the way of eligible applicants seeking admission to the business school.

Let us have a quick glance at some of the MBA Scholarships in Canada for foreign students provided by the Rotman School of Management.

Scholarship name	Value	Eligibility
FortA Foundation Scholarships	CAD 40,000	Candidates must demonstrate exceptional leadership skills and a dedication to women and girls through personal mentorship or community participation.
Rotman Entrance Awards and Fellowships	Students participating in Morning and Evening MBA programs are eligible for two common entrance awards: A total of five Women in Business Excellence Awards [CAD 10,000] Two Morning MBA Excellence Awards [CAD 20,000]	Rotman Entrance Awards and Fellowships have immediately been considered for all students admitted to the Rotman School of Management. Students do, however, meet the MBA program’s admission requirements, which include proficiency in English. Scores on the TOEFL/IELTS exam, the GMAT, and an interview
MGA/MBA Awards	CAD 30,000	The scholarship is given to the top student in the MGA/MBA program.

6. Schulich School of Business Scholarships

The Schulich School of Business Scholarships at York University in Canada provide a range of financial support for international and domestic MBA students, recognizing academic excellence, leadership potential, and community involvement.

These scholarships include entrance awards, which range from CAD 10,000 to CAD 30,000, and continuing student awards for those who excel academically after their first year. Schulich also offers specialized scholarships, such as those for women in leadership and underrepresented groups.

These programs aim to reduce financial barriers and attract talented students from around the world to pursue their MBA at one of Canada’s top business schools.

7. Entrance Scholarships

The entrance MBA scholarships offered by Schulich School of Business are for full-time students at Schulich who are chosen on the basis of their academic achievements and/or merit.

Scholarship names	Value
Scotiabank Scholarships in International Business	CAD 20,000
Robert Krembil Scholarship of Merit	CAD 33,000
Tanna H. Schulich MBA Entrance Scholarship	CAD 24,200
Seymour Schulich MBA Entrance Scholarship	CAD 24,200

8. Continuing Student Awards

The applicants are selected on the basis of academic achievement, as well as basic criteria, are used to determine who receives the award.

Scholarship names	Value
Wigwamen Scholarship	CAD 2,500
The Thomas Beck MBA Award	CAD 5,000
Carol Anne Letheren Women’s MBA Award	CAD 3,000
Sony of Canada MBA Scholarship	CAD 3,000

Also Read: Cost of Studying in Canada for Indian Students

9. Ontario Graduate Scholarship Program 

The Ontario Graduate Scholarship is a well-known MBA scholarship in Canada that supports master’s and doctoral studies. It’s a merit-based scholarship offered by some of Canada’s best universities in the Ontario region.

The scholarship is also highly competitive and prestigious because it is merit-based.

Scholarship name	Participating universities	Value	Eligibility
Ontario Graduate Scholarship	University of Windsor University of Waterloo Carleton University York University	$5,000 per term, up to a total of $15,000 for the academic year.	The candidate must be enrolled in master’s or doctoral-level graduate studies. OR enrolled in a full-time program lasting two or more terms and must be enrolled in a participating Ontario school.

How To Apply For An MBA Scholarship In Canada? 

It is not difficult to apply for scholarships in other countries. You can apply directly on the business school’s website. You can also contact the administration department of your selected university for assistance if you are unsure about the procedure.

To apply for MBA scholarships in Canada, follow these steps:

• Visit the universities’ official websites.
• Recognize the university scholarship’s qualifying requirements.
• Gather all of the required documentation.
• Take the necessary tests (GMAT, IELTS).
• Online registration and application for the scholarship are required.
• Wait for a response from the university.

Cheapest Universities for MBA in Canada

Here are the cheapest universities in Canada for an MBA:

• Memorial University of Newfoundland 
• University of Northern British Columbia
• University of Ottawa
• University of Waterloo
• University of Manitoba
• Université de Moncton
• Université de Sherbrooke
• Université Laval
• HEC Montréal
• Concordia University
• Saint Mary’s University
• Carleton University
• University of Saskatchewan

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Also Read: All about MBA Scholarships in India & Abroad!

FAQs

Thus, we hope that now you know about the best MBA scholarships offered by top B-schools in Canada. Looking for more MBA scholarships in Canada? Reach out to our Leverage Edu mentors and we will help you find the best scholarships in Canada as per your chosen course and university.

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