Canada is an increasingly popular destination for students seeking MBA programs, thanks to its lower education costs compared to the US. However, many students are also interested in MBA scholarships in Canada that can help alleviate some of their financial burden.
To help those interested in pursuing an MBA in Canada, we’ve put together a detailed list of the top 10 MBA scholarships available to both domestic and international students. These fully-funded and university scholarships cover a wide range of tuition fees, giving you the opportunity to choose the one that best suits your needs.
By taking advantage of these MBA scholarships, you can pursue your dreams of studying in Canada without having to worry as much about the financial aspect of your education.
Details On MBA Scholarship
For MBA students aspiring to study in Canada, financing their studies can often pose a significant challenge. However, students can find relief in MBA scholarships that can help reduce their financial burden. Canada has been a preferred destination for international students, and the country offers a range of fully-funded and university scholarships to MBA students. In this article, we will provide detailed information on the top 10 MBA scholarships in Canada that you can apply for.
MBA scholarships in Canada come in two types: merit-based and directly applied. Merit-based scholarships are awarded to candidates who have applied for an MBA program, and schools typically offer this money to attract students to their institution. There is no need for additional application materials as schools base the scholarships on the initial MBA application. The second type of scholarship is applied for directly by the students. These scholarships target specific candidates based on their industry, ethnicity, gender, and other criteria. Students need to submit a separate application for each of these scholarships, and specific eligibility criteria apply.
MBA scholarships are much sought-after but can be elusive. If you are an international or domestic student planning to pursue an MBA in Canada, you have many options to help you support and reduce your financial expenses. With the top 10 MBA scholarships in Canada, you can choose from a range of funding options to cover your tuition fees and other expenses. So, take advantage of these scholarship opportunities and pave the way for a bright future ahead.
10 Fully Funded MBA Scholarships in Canada
Canada offers a variety of MBA scholarships for graduate students. Here are some of the top 10 scholarships:
- Ontario Graduate Scholarship (OGS) Program: This merit-based scholarship is available to graduate students pursuing master’s and doctoral degrees at participating schools in Ontario. OGS awards are based on the number of consecutive study terms, with amounts ranging from $10,000 to $15,000.
- Rotman School of Management Scholarships: The Full-Time, Morning MBA, Evening MBA, and Master of Finance programs at the Rotman School of Management are eligible for the OGS scholarship. The school also provides over $1 million in award funding and financing through various options.
- Ted Rogers School of Management MBA Scholarships: The Ted Rogers School of Management offers internal and external funding packages, including 24 Graduate Entrance Scholarships and Awards worth up to $20,000 each, thanks to a $15 million donation from Ted and Loretta Rogers.
- Alberta MBA Scholarships: The Alberta University offers Fully Funded Master’s Scholarships and Ph.D. Scholarships in Canada. Over $1 million was available to MBA students last year through entrance awards, scholarships, and bursaries.
- University of Waterloo MBA Scholarships: The University of Waterloo Graduate Scholarship, valued at $1,000 per term for up to three terms, is awarded to graduate students with a minimum first-class cumulative average. No application is required, as graduate departments nominate eligible students.
- Ivey MBA Scholarships: Approximately 80% of incoming students at Ivey Business School receive an admission scholarship, ranging from $10,000 to $65,000. Applicants must complete the Scholarships section within the online MBA admission application.
- Sauder School of Business MBA Scholarships: The Sauder School of Business offers several scholarships, including the Asia Top Talent MBA Scholarship, South & Latin America Top Talent MBA Scholarship, Europe Top Talent MBA Scholarship, Middle East & Africa Top Talent MBA Scholarship, and Canada Top Talent Scholarship.
- Haskayne School of Business MBA Scholarships: The Haskayne School of Business offers scholarships to MBA students based on academic excellence, work experience, and community involvement.
- Desautels Faculty of Management MBA Scholarships: The Desautels Faculty of Management offers a variety of scholarships, including the MBA Leadership Scholarships, MBA Women in Business Scholarships, and MBA Indigenous Leadership Scholarships.
- Smith School of Business MBA Scholarships: The Smith School of Business offers several MBA scholarships, including the Dean’s Entrance Award, Queen’s Graduate Award, and Scotiabank MBA Leadership Awards. These scholarships are awarded based on academic achievement, work experience, and community involvement.
Application Procedure
If you’re interested in applying for a scholarship, you can visit any of the provided MBA programs’ website to access the application form. It’s important to ensure that you provide all the required information while completing the form. Your application will not be considered complete without all the necessary information. Therefore, take your time to fill out the form accurately and completely.
Summary of 10 Fully Funded MBA Scholarships in Canada
Pursuing an MBA is undoubtedly a significant financial commitment. The annual tuition and other expenses may vary from $20,000 to over $200,000, which can be overwhelming. However, you shouldn’t let the price deter you from applying.
Fortunately, the list of Top 10 MBA Scholarships provided above can significantly reduce the cost and make an MBA degree more accessible to you. So, if you’re passionate about earning an MBA degree, explore the scholarship options available to you and apply without hesitation.