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Canada is one of the top destinations for international students to study MBA. Generally, MBA in Canada can cost between 18 and 90 lakhs INR per annum, causing significant financial burden on some students. MBA scholarships in Canada provide fully-funded or partially supported education to Indian students.
You can avail the scholarships based on academic achievements, demonstrated financial need, or immigration status. These MBA in Canada scholarships cover the tuition expenses, living costs, airfare and miscellaneous expenses of the admitted students.
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Top MBA Scholarships in Canada
Some popular scholarships for international students in Canada, pursuing MBA are discussed in the sections below:
Rotman School of Management
Rotman School of Management is the business school of University of Toronto. MBA here is a 2-year program providing over 100 elective courses to international students. University of Toronto MBA scholarships are discussed below:
| Scholarships | Eligibility | Award |
|---|---|---|
| Forte Fellowship Awards | For women wishing to pursue business studies | 10,000 to 25,000 CAD |
| Morning Awards | Morning MBA students | 10,000 CAD |
| Women in Business | Academic excellence | 10,000 CAD |
| Leadership & Strategy Award | Academic excellence | Leadership skills | 20,000 CAD |
Schulich School of Business
Schulich School of Business is the business school of York University. Students pursuing MBA can choose from more than 17 areas of specialisations.
| Scholarships | Eligibility | Award |
|---|---|---|
| International Global Scholars Award | Entrance Award | 10,000 CAD |
| Dean's International Scholarship | Entrance Award | 6,000 CAD |
| International Student Award | Entrance Award | 5,000 CAD |
| The Yuen Tse International Scholarship | Entrance Award | 5,000 CAD |
| Robert Krembil Scholarship of Merit | Highest academic standing, communication skills, leadership ability, 2 years of work experience and community contributions | 80,000 CAD |
| Goldberg Leadership Award of Excellence | GPA of 6.0 or B+ on a 10.0 scale, leadership quality, innovative thinking, financial need, community involvement | 40,000 CAD |
Ivey Business School
Ivey Business School is the business school of the University of Western Ontario. It offers a one-year MBA program for international students. The MBA program has been raked #1 for the past eight years by Bloomberg Businessweek.
| Scholarships | Eligibility | Award |
|---|---|---|
| Ivey Admission Scholarships | Completed scholarship section in MBA application form, 80% students are selected based on academic merit | 10,000 to 70,000 CAD |
Alberta School of Business
Alberta School of Business offers MBA which can be completed in just 20 months. You can choose it as a combined degree or a general program. Every year a majority of international students are given scholarships to pursue MBA at University of Alberta
| Scholarships | Eligibility | Award |
|---|---|---|
| Entrance Awards | Automatic consideration | 15,000 CAD |
| Alberta Graduate Excellence Scholarship | Academic excellence | GPA of over 3.3 | 12,000 CAD |
| Michael Lang MBA Award (All Tracks) | Full-time MBA student with a specialisation, Excellent academic records, prior work experience, competitive GMAT score | 10,000 CAD |
| Claude Winspear MBA Award | Leadership skills | Extracurricular activities (sports) | Community involvement | 10,000 CAD |
Sauder School of Business
Sauder School of Business is the business school of University of British Columbia. The business school is ranked #1 in Canada for its business programs and MBA.
| Scholarships | Eligibility | Award |
|---|---|---|
| Women in Business Leadership Scholarships | Top applicants with demonstrated passion and commitment towards achieving gender equality | 10,000 to 60,000 CAD |
| Responsible Business & Community Spirit Scholarship | Meritorious students with strong background in social entrepreneurship, sustainability, and commitment | 10,000 to 60,000 CAD |
| Hoegg Family MBA Scholarship | Top female international applicant entering MBA program | 25,000 CAD |
| Hari Varshney MBA Entrance Scholarship | Madhu Varshney MBA Entrance Scholarship | International applicant with exceptional aptitude and academic excellence | Up to 50% tuition fee |
| International Talent Scholarships | Talented international students with highest academic standards | 10,000 to 60,000 CAD |
DeGroote School of Business
DeGroote School of Business is the business school of McMaster University. It offers 3 types of MBA: Accelerated, DeGroote MBA (Co-op), and General MBA.
| Scholarships | Eligibility | Award |
|---|---|---|
| MBA Admission Awards | Holistic assessment of all applicant profiles | 2,500 to 30,000 CAD |
| MBA In-course and Entrance Scholarships | Meritorious MBA students applying for the award | 500 to 10,000 CAD |
Haskayne School of Business
Haskayne School of Business is the business school of University of Calgary. For MBA applicants, it offers a Haskayne Entrance Scholarship which is awarded on the basis of academic excellence and competitive test scores. University of Calgary MBA scholarships award value ranges from 1,500 to 20,000 CAD.
Ontario Graduate Scholarship Program
The Ontario Graduate Scholarship Program offers a cluster of scholarships to study in Canada across various academic levels and disciplines. International students on a Canada student visa are eligible for only a set of awards among many. This scholarship is tenable for 1 year only, including 2 or 3 terms.
Eligibility Criteria: The eligibility criteria for the Ontario Graduate Scholarship Program for MBA in Canada are as follows:
- Enrol to a registered full-time MBA program
- Demonstrate at least A- or equivalent in last 2 years of study
Award Value: 5,000 CAD (3.06 lakhs INR) per session. Students can receive 10,000 CAD (6.12 lakhs INR) for 2 sessions or 15,000 CAD (9.18 lakhs INR) for 3 sessions.
How to Apply for MBA Scholarships in Canada?
Students are automatically considered for a plethora of MBA scholarships at the time of admission, based on academic performance and leadership skills. Some scholarships, however, require separate applications with supporting documents like academic scores and financial statements.
The step by step application process for the MBA scholarships in Canada for Indian students is provided below:
- Step 1: Apply for admission to your desired universities in Canada
- Step 2: Check the MBA scholarships available for Indian students
- Step 3: Check the application deadlines
- Step 4: Arrange the supporting documents
- Step 5: Apply and submit the required documents
- Step 6: Wait for the decision from the funding authority
MBA schools in Canada offer various fellowships, and grants for international students. If you are unable to avail the university scholarships, you can apply for education loans in Canada. You can choose to work while studying MBA in Canada as another alternative.
FAQs
Ques: How can I get a full scholarship for an MBA in Canada?
Ans: Many business schools such as Rotman, Schulich, Ivey, and Sauder offer merit-based scholarships that can cover a significant portion or even the full tuition cost of your MBA. You need to remember the following points to avail such scholarships:
- A high GPA should be demonstrated
- Highlight achievements and leadership in your professional background.
- Aim for a high score on the standardised test required by your target schools.
Ques: What is the cost of an MBA in Canada?
Ans: Generally, MBA in Canada can cost between 18 and 90 lakhs INR per annum, causing significant financial burden on some students. MBA scholarships in Canada provide fully-funded or partially supported education to Indian students.
Ques: How to apply for an MBA scholarship in Canada?
Ans: Students are automatically considered for a plethora of MBA scholarships at the time of admission, based on academic performance and leadership skills. Some scholarships, however, require separate applications with supporting documents like academic scores and financial statements.
The step by step application process for the MBA scholarships in Canada for Indian students is provided below:
- Step 1: Apply for admission to your desired universities in Canada
- Step 2: Check the MBA scholarships available for Indian students
- Step 3: Check the application deadlines
- Step 4: Arrange the supporting documents
- Step 5: Apply and submit the required documents
- Step 6: Wait for the decision from the funding authority
Ques: What is the average scholarship amount for MBA in Canada?
Ans: MBA scholarships in Canada cover the tuition expenses, living costs, airfare and miscellaneous expenses of the admitted students. Students can avail scholarships of up to 65,000 CAD (~39 lakhs INR) through the scholarships in Canada.
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