Master of Business Administration (MBA), is a graduate degree program that provides both academic and practical training in business and investment management. Canada, a nation renowned for its excellent educational system and ethnic population, supports these abilities.
For any international student, applying for MBA scholarships in Canada is an excellent option because of the country’s competitive schools and wonderful living conditions. For most people, studying abroad is a fantasy due to high living and tuition expenses.
Fortunately, there are numerous avenues through which a student can apply for an education loan for an MBA in Canada. Many students, both domestically and abroad, can take advantage of these financial aid options, which remove financial barriers that might prevent someone from achieving their academic goals.
Let’s take a look at some of these scholarships to have a better understanding of how you can alleviate the cost of studying in Canada.
| MBA Scholarships In Canada Highlights | |
| Course Name | Masters of Business Administration |
| Course Duration | 1 to 2 years |
| Course Level | Postgraduate |
| Study Mode | Full-time | Part-time |
| Academic Requirements | Hold a bachelor’s degree or equivalent from a recognised university. |
| English Proficiency Test Score | IELTS 6.0+ |
| GMAT & GRE Scores | GMAT 600 |
| Average Tuition Fees | CAD 20,000 to CAD 50,000 per year |
| Average Scholarship Amount | Not Specified |
| Scholarship Patrons | Internal financial programs External financial programs Government financial programs External foundations |
Top Schools That Offer MBA Scholarships In Canada
For MBA students looking for a top-notch business education, Canada is a great choice. The best MBA scholarships in Canada are offered by prestigious universities like the University of Toronto and the University of Calgary. These universities are renowned for their cutting-edge curricula, team-based learning and leadership development, global viewpoint, integrative thinking, case-based learning methodology, and strong ties to the business community.
Over 100 MBA scholarships are available in Canada, and as they aim to attract exceptional talent from throughout the globe, they are widely sought after by international students. Here are a few prestigious universities that can catch your eye.
| School | MBA Specialisation |
| The Rotman School of Management at the University of Toronto | MBA in Innovation and Entrepreneurship MBA in Financial Reporting and Analysis MBA in Brand Management MBA in Consulting MBA in Real Estate Management |
| Ivey Business School at Western University | MBA in General Management MBA in Entrepreneurship MBA in Finance MBA in the Health Sector MBA in CPG and Retail |
| The Sauder School of Business at the University of British Columbia | MBA in Global Strategy and Leadership MBA in Finance MBA in Marketing MBA in Business Analytics |
| Smith School of Business at Queen’s University | MBA in Strategic Management MBA in Innovation and Entrepreneurship MBA in Finance MBA in Marketing MBA in Sustainability and Social Impact |
| Wilfrid Laurier University | MBA in Finance MBA in Marketing MBA in Leadership |
| Concordia University – John Molson School of Business | MBA in Finance MBA in Supply Chain Management MBA in Entrepreneurship MBA in Business Analytics MBA in International Business |
| Rowe School of Business | MBA in Innovation, Technology, and Operations MBA in Leadership MBA in Marketing MBA in International Business |
| Simon Fraser University – Beedie School of Business | MBA in Business Analytics MBA in Finance MBA in Management of Technology MBA in Innovation and Entrepreneurship |
| Sobey School of Business | MBA in Accounting MBA in Entrepreneurship MBA in Finance MBA in Management |
MBA In Canada Tuition Fees
To pursue an MBA in Canada, you must have a clearly stated Statement of Purpose (SOP for MBA) that outlines your professional objectives and journey. It is crucial to comprehend the subtleties of tuition prices during the application process, including academic instruction, resource access, and support services.
A strong SOP for Canada indicates dedication and commitment to the MBA school, and looking into financial assistance and scholarship opportunities will help make the goal more realistic in Canada.
| Schools | Tuition Fees |
| University of British Columbia – Sauder School of Business | CAD 35,000 to CAD 40,000 per year |
| Ivey Business School | CAD 90,000 full tuition |
| Alberta School of Business | CAD 70,000 full tuition |
| Rotman School of Management | CAD 40,000 per year (estimate) |
| University of Windsor | CAD 15000 per year |
| The Munk School of Global Affairs and Public Policy | CAD 136,410 per year |
MBA Scholarships In Canada For International Students
Canada offers MBA scholarships for international students, with various scholarship benefits that provide a diverse and economically robust learning environment. These scholarships focus on academic excellence, leadership potential, work experience, and commitment to positive business impact.
Canadian universities provide financial aid options, allowing students to access top-tier education and contribute to the vibrant Canadian business landscape.
| Types of Scholarship | Description | Amount |
| Saunders School of Business | Offers 7 different business programs. It further offers dual degrees, where you can apply for amalgamated postgraduate programs simultaneously. | CAD 5000 to CAD 1,000 |
| Rotman School of Management MBA Fellowship | A merit-based scholarship offered to exemplary international candidates with 9 different programs to choose from. | CAD 10,000 to CAD 40,000 |
| Schulich MBA Entrance Scholarship | Offers over 17 varying courses for a student to choose from. | CAD 20,000 to CAD 30,000 |
| Desaultels Faculty of Management MBA Entrance Award | A merit-based award given to international students joining McGill University’s Desaultes MBA program. | The Desautels Faculty of Management has allotted close to $2 million in scholarships annually, divided into 30 varying awards that international students are privy to. |
| Alberta MBA Scholarships | It offers an MBA in Business Administration, a Master’s of Accounting, and a Master’s of Financial Management courses. | CAD 8,000 to CAD 27,000 annually |
| Ivey MBA Scholarships | It offers an MBA in Business Administration and a specialised course in Management in Analytics. | Ranges from 10,000 CAD to half of the tuition fee |
Eligibility Criteria For MBA Scholarships In Canada For International Students
MBA financial aid for international students requires a recommendation letter for scholarships and a well-crafted statement of purpose for scholarships. These documents assess a candidate’s academic merit and future career prospects, determining their suitability for financial support.
Applicants should pay attention to these components to increase their chances of securing a Canada MBA scholarship.
| Scholarships | Eligibility criteria | Application Deadline |
| Rotman Entrance Awards and Fellowships | -The Rotman Entrance Awards and Fellowships automatically consider every student accepted to the Rotman School of Management. -Students must also meet the requirements for admission to the MBA course, which entails English language competency as measured by the TOEFL and IELTS tests, the GMAT, and an interview. | Application deadlines start class in the Fall Early round: October Round1: November Round 2: February Round 3: April Round 4: June |
| Ontario Graduate Scholarship | -Should be pursuing a master’s or doctoral-level degree. -Should be enrolled in a full-time program with more than two terms, 21 to 52 weeks in full -Should be pursuing a course in a participating Ontario school. | Not specified |
| Forte Foundation Scholarships | -Applicants must demonstrate exceptional leadership skills -Show support for women and girls by becoming involved in the community or providing personal mentoring. | March |
| MGA/MBA Awards | -Afforded to the highest performing student in the MGA (Master of Global Affairs)/MBA Programme. | 14th March |
| Alberta MBA Scholarships | -Hold a Business degree (BCom, BBA, Mgmt., etc.) from a recognised North American University with a minimum GPA of 3.2 | Not Specified |
| Haskayne School of Business MBA International Student Scholarship | -They must be full-time students. -They are evaluated based on GMAT and GPA rankings | Final Deadline: June Winter Admission: November |
Why Study An MBA In Canada?
Canada offers a safe, welcoming environment for international students, particularly MBA students. The friendly culture fosters diversity and belonging, while respectable universities provide top-notch education. Scholarships to study in Canada reduce financial barriers and increase accessibility.
FAQs
How Can I Get a Full Scholarship For an MBA In Canada?
To secure a full MBA scholarship in Canada, you must demonstrate academic achievements and leadership qualities, and define goals in your application.
What Are The Top MBA Scholarships Available In Canada?
Notable MBA scholarships in Canada include the Rotman School of Management’s Global Executive MBA scholarship and the Ivey Business School’s MBA Entrance Scholarships.
Are There Full-Tuition MBA Scholarships Offered By Canadian Universities?
Some Canadian colleges provide full-tuition scholarships to outstanding MBA candidates, such as the University of Toronto’s Rotman School of Management Full-Time MBA Entrance Award.
Can I Apply For Multiple MBA Scholarships Simultaneously?
You can apply for many MBA scholarships in Canada, but you must carefully analyse the requirements for admission and application procedures for each grant.
Are There Specific Scholarships For Women Pursuing An MBA In Canada?
Several Canadian institutions offer a myriad of scholarships for women. Scholarships like the ACT WEST Community Foundation Fund give single mothers up to 4 years of tuition to better their lives.
Are There Any MBA Scholarships Specifically For Minority Communities In Canada?
Canada provides several MBA scholarships to minority communities through the Canadian Centre for Diversity and Inclusion initiative.
Which Are The Top Canadian Universities Offering MBA Scholarships?
Top institutions like the Rotman School of Management at the University of Toronto, the Ivey Business School at Western University, and the Sauder School of Business at the University of British Columbia offer excellent MBA scholarship options.
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