Top-rated MBA Fully Funded Scholarships in Canada

If you’re an international or domestic student interested in pursuing an MBA program in Canada, you may be glad to know that the education cost in Canada is comparatively lower than the US MBA programs.

Additionally, there are various MBA scholarships available in Canada that can help reduce your financial expenses and provide support during your studies.

This article aims to provide you with a detailed list of the top 10 MBA scholarships in Canada that you can apply for. With a wide range of fully-funded and university scholarships available, you can choose one that suits you the best and covers your tuition fees.

Don’t hesitate to apply and explore your options for funding your MBA education in Canada.

About MBA Scholarship 

Canada has always been a popular destination for international students pursuing an MBA. However, financing this degree can be a challenge for many aspiring students. Fortunately, there are MBA scholarships available to help alleviate the financial burden. In this article, we will provide details on the top MBA scholarships in Canada that you can apply for.

MBA scholarships can be broadly categorized into two types: merit-based and direct application.

• Merit-based scholarships are awarded by the schools based on the original MBA application, with no additional materials required. Schools offer this money to attract the best applicants and often compete with other schools.
• Direct application scholarships, on the other hand, target specific candidates based on criteria such as industry, ethnicity, or gender.

Applicants must submit a separate application for each scholarship and meet the specific eligibility requirements.

Top-rated MBA Fully Funded Scholarships in Canada

• Rotman School of Management Scholarships.

The Rotman School of Management offers various scholarship programs for students enrolled in their Full-Time, Morning MBA, Evening MBA, and Master of Finance programs. These programs are considered eligible and full-time, making them perfect for those who want to pursue a master’s degree in business.

The school’s scholarship program is funded by donors who are committed to supporting students, with over $1 million in award funding and financing available through various options. This investment in students is a testament to the school’s dedication to attracting top-notch candidates.

For those interested in applying for the Morning or Evening MBA program, you will automatically be considered for entrance awards. Eligible candidates will receive awards on a first-come, first-served basis. The Ontario Graduate Scholarship (OGS) is another scholarship option that is held for one year and is valued at $10,000 to $15,000 per year, and students enrolled in the Rotman School are eligible to apply for it.

• Ted Rogers School of Management MBA Scholarships

We understand that pursuing an MBA is a significant financial commitment, and we want to help you focus on your studies and research while pursuing your Ted Rogers MBA.

Ted Rogers School of Management provides several funding packages, both internal and external, for MBA students.

Thanks to a generous $15 million donation from Ted and Loretta Rogers, each year, the school issues 24 Graduate Entrance Scholarships and Awards worth up to $20,000 each.

The Ted Rogers Graduate Entrance Scholarship is awarded solely based on demonstrated academic excellence and is open to both full-time and part-time domestic applicants, as well as full-time international applicants.

• University of Waterloo MBA Scholarships

At the University of Waterloo, we understand that pursuing a graduate degree can be a significant financial commitment. That’s why we offer the Graduate Scholarship to MBA students, generally valued at $1,000 per term for up to three terms. This award is available to those who are registered full-time in a Master’s or Doctoral program at the University of Waterloo and meet the eligibility requirements of having a minimum first-class (80%) cumulative average in their current program or over the last two full-time academic years and being within the time limits of their graduate program.

There’s no need to fill out an application for this scholarship; eligible students will be nominated automatically by their graduate departments based on their allocation of funds. This award is available to Canadian/Permanent Resident and International/Study Permit students.

• HEC Montreal MBA Scholarships

Thanks to the generosity of thousands of donors, the HEC Montréal Foundation can present hundreds of scholarships annually, enabling the School to provide HEC Montreal MBA Scholarships to deserving candidates.

• Ontario Graduate Scholarship (OGS) Program

The Ontario Graduate Scholarship (OGS) Program is a merit-based scholarship available to graduate students at the master’s and doctoral levels, across all academic disciplines, at participating schools in Ontario.

Students can receive awards of $10,000 for two consecutive study terms or $15,000 for three consecutive study terms, based on the number of terms of their consecutive studies within an academic year. Each award is issued for a minimum of one academic year (two or three consecutive academic terms) and a maximum of two years (up to six consecutive academic terms).

To be eligible for the OGS award;

• students must be Canadian citizens, permanent residents, or protected persons under subsection 95(2) of the Immigration and Refugee Protection Act (Canada) by the student deadline as determined by each graduate unit.
• International students who are studying or plan to study at the University of Toronto under a temporary resident visa (student study permit) are also eligible for a set number of OGS awards (valid study permits must be effective as of the graduate units’ OGS international application deadline).
• Furthermore, applicants must be registered or intend to register in an eligible program on a full-time basis in 2022-2023, and have achieved at least an A- (or equivalent) in each of the last two completed years of study (full-time equivalent).
• If the student has completed two years or more of graduate studies at the time of application, the student must only demonstrate an overall average of at least A- (or equivalent) on all graduate courses completed.

• Alberta MBA Scholarships

The University of Alberta offers fully funded Master’s and Ph.D. scholarships in Canada, as it is a top 5 Canadian university offering scholarships in 2022.

The Alberta MBA program is committed to supporting academically strong students and those in need of financial support.

Most full-time students admitted to the MBA program receive financial assistance every year. Last year, MBA students had access to over $1 million through entrance awards, scholarships, and bursaries.

MBA scholarships are highly competitive as there are over 400 MBA students at the University of Alberta, with a limited number of scholarships available.

The MBA Scholarship Committee ensures that scholarships are awarded to students who meet the specific scholarship criteria set by the donor or sponsor.