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MBA Scholarships In Canada For Students In 2024!

A university girl happily smiling on getting a MBA Scholarship in Canada letter.

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 Duration1 to 2 years
Course LevelPostgraduate
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 ScoresGMAT 600
Average Tuition FeesCAD 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.

SchoolMBA Specialisation 
The Rotman School of Management at the University of TorontoMBA 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 ColumbiaMBA in Global Strategy and Leadership
MBA in Finance
MBA in Marketing
MBA in Business Analytics
Smith School of Business at Queen’s UniversityMBA in Strategic Management
MBA in Innovation and Entrepreneurship
MBA in Finance
MBA in Marketing
MBA in Sustainability and Social Impact
Wilfrid Laurier UniversityMBA in Finance
MBA in Marketing
MBA in Leadership
Concordia University – John Molson School of BusinessMBA 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 BusinessMBA 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.

SchoolsTuition Fees
University of British Columbia – Sauder School of BusinessCAD 35,000 to CAD 40,000 per year 
Ivey Business SchoolCAD 90,000 full tuition 
Alberta School of BusinessCAD 70,000 full tuition
Rotman School of Management       CAD 40,000 per year (estimate)
University of WindsorCAD 15000 per year 
The Munk School of Global Affairs and Public PolicyCAD 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 ScholarshipDescriptionAmount
Saunders School of BusinessOffers 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 FellowshipA 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 ScholarshipOffers over 17 varying courses for a student to choose from.CAD 20,000 to CAD 30,000
Desaultels Faculty of Management MBA Entrance AwardA 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 ScholarshipsIt 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 ScholarshipsIt 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.

ScholarshipsEligibility criteriaApplication 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.
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 3.2Not 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.



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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A university girl happily smiling on getting a MBA Scholarship in Canada letter.

MBA Scholarships In Canada For Students In 2024!

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