Earning an MBA from a prestigious Canadian university can provide students with the assurance of securing a good job and achieving rapid career advancement. However, the pursuit of an MBA in Canada may be hindered by its associated costs, with tuition fees ranging from 30,000 to 40,000 CAD per year. It’s important to note that the overall cost of an MBA in Canada, including living expenses and factors such as health insurance, can add up. Therefore, applying for available international student scholarships is a strategic approach to mitigating these expenses. For further information on MBA scholarships for Indian students in Canada, refer to the details provided in this article.
MBA Scholarships for International Students in Canada
International students may wonder about the advantages of pursuing an MBA in Canada. The response is straightforward: Opting for an MBA in Canada provides an excellent substitute for pursuing the same degree in the USA, offering exceptional education, resources, and career opportunities. On average, a Canadian MBA graduate earns around CAD 63,853, equivalent to nearly 40 lakhs in Indian rupees. Financial concerns regarding tuition expenses in Canada need not be a significant worry, as numerous MBA scholarships in the country provide financial assistance to deserving students. This article primarily focuses on discussing these scholarships and highlighting the most notable ones available to international students in Canada.
#1. Rotman School of Management Scholarships
Approximately 33% of students at the University of Toronto’s Rotman School of Management receive entrance scholarships, fellowships, and awards annually. These scholarships, particularly sought after by Indian students pursuing MBAs in Canada, aim to eliminate financial obstacles for qualified applicants striving to secure admission to the esteemed business school.
| Scholarship | Value | Eligibility | Deadline |
| Rotman Entrance Awards and Fellowships | Two popular entrance awards are granted to students enrolled in Morning & Evening MBA programmes: Advertisement
Five Women in Business Excellence Awards of $10,000 Two Morning MBA Excellence Awards of $20,000 |
All students admitted to the Rotman School of Management are automatically considered for Rotman Entrance Awards and Fellowships
Students though need to fulfill MBA programme admission requirement, which includes English language proficiency TOEFL/IELTS test scores, GMAT scores and interview |
First Application Deadline for morning and evening MBA: November |
| Forte Foundation Scholarships | $40,000 | Candidates must showcase exemplary leadership ability
Demonstrate a commitment to women and girls via personal mentorship or community involvement. |
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| MGA/MBA Awards | $30,000 | Offered to the top student in the MGA(Master of Global Affairs)/MBA Programme |
How to apply: Students are automatically considered for the awards based on their application for admission and don’t have to apply separately.
#2. Ontario Graduate Scholarship (OGS) Program
A well-known scholarship for international students pursuing an MBA in Canada is the Ontario Graduate Scholarship, which supports graduate studies at both the master’s and doctoral levels. This merit-based award is provided by leading universities in the Ontario region and is highly competitive among the various scholarships available to international students in Canada.
The universities that actively participate in this scholarship program include some of the well-regarded institutions such as:
- Carleton University
- McMaster University
- University of Toronto
- University of Waterloo
- University of Windsor
- York University
Ontario Graduate Scholarship
| Scholarship | Value | Eligibility | Deadline |
| Ontario Graduate Scholarship | 5,000 per term up to a maximum of $15,000 per academic year. | Should be enrolled in graduate studies in master’s or doctoral level
Should be pursuing a full-time program comprising 2 or more terms (21 to 52 weeks in total) Should be attending a participating Ontario school |
Applications become available in October. Deadlines vary by school and students need to contact their university for the deadlines. |
#3. Alberta MBA Scholarships
The University of Alberta’s Alberta School of Business provides several MBA scholarships in Canada for deserving international students who demonstrate both merit and financial need. Typically, these scholarships cover the entire duration of the MBA program.
Alberta MBA scholarships
| Scholarship | Description | Value | Eligibility | Deadline |
| AIMCo MBA Award | Offered annually to full-time MBA students specializing in finance. | $10,000 | a) High academic achievements
b) Excellence outside the classroom is also considered c) GMAT Score |
April |
| Claude Winspear MBA Award | Open to students with leadership skills and academic credentials and who are enrolled in a full-time MBA program at Alberta University. | $10,000 | ||
| Michael Lang MBA Award | Another popular MBA scholarship in Canada, it is awarded to full-time candidates. | $10,000 |
How to apply: Generally no separate applications are needed to apply for the scholarship, as the program application form will be used to judge a student’s eligibility.
#4. Sauder School of Business Entrance Scholarship
The University of British Columbia’s Sauder School of Business provides exclusive MBA scholarships in Canada designed for international students, aiming to draw talented individuals from around the globe. Sauder offers numerous merit-based entrance scholarships for outstanding international students pursuing an MBA in Canada.
Sauder Entrance Scholarships
| Scholarship | Description | Value | Eligibility |
| Global Business Leader of Tomorrow Scholarship | This scholarship is awarded to candidates with the potential to make a lasting impression on Sauder’s global brand. | $10,000 – $15,000 | A holistic approach is adopted to select students, including parameters like GMAT/GRE and GPA scores. Advertisement
Other contributing factors include application essays and interview performance. |
| Accelerated Career Scholarship | This award is for candidates with outstanding career potential, especially those who can lead by example and showcase Sauder’s commitment to excellence. | $5,000 – $15,000 |
How to apply: No separate application form is needed for applying to Sauder MBA scholarship in Canada for Indian students.
Deadline:
| Application Round | Deadline |
| Early Admissions Round | December |
| 1st Admissions Round | February |
| 2nd Admissions Round | April |
| Final Admissions Rounds | June |
#5. Ivey MBA Scholarships
Students might be interested in attending Ivey Business School because it provides various MBA scholarships specifically designed for international students in Canada, and among them are some of the most significant merit-based MBA scholarships available in the country.
MBA Scholarships in Canada for International Students: Ivey scholarships
| Scholarship | Description | Value | Eligibility | Deadline |
| Ivey MBA scholarships | Largest merit scholarship funding in Canada | Amounts ranging from $10,000 to half tuition | Based purely on merit and leadership qualities
Selection parameters include exceptional professional experience, leadership skills, and academic excellence, in addition to strong GMAT scores. |
Applications accepted multiple times a year, including in November and January |
How to apply: There is no separate application for this MBA scholarship in Canada Instead, students need to complete the scholarships section included in the online MBA admission application.
#6. Haskayne School of Business MBA Entrance Scholarships
This scholarship is designed to eliminate challenges encountered by international students as they strive to emerge as future leaders. Positioned among the sought-after MBA scholarships in Canada, the Entrance Scholarship also seeks to draw accomplished students globally to the university.
Haskayne MBA Entrance Scholarships
| Scholarship | Description | Value | Eligibility |
| Haskayne School of Business MBA Entrance Scholarships | Helps needy international students in their path towards becoming future leaders by sponsoring their studies | The value of the award is between $1,500 and $20k per individual. | Award is based on merit and takes into account GPA and GMAT scores
Offered to daytime and evening students. All international daytime visa students are eligible |
How to apply: There is no separate application form for scholarships for MBA in Canada as the MBA applications will be used to evaluate eligibility.
Deadline
| Academic session | Deadline |
| Fall Admission |
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| Winter Admission | November |
#7. Schulich School of Business Scholarships
Schulich School of Business Scholarships provides a variety of options for international students pursuing their MBA, offering substantial financial support. These scholarships are recognized as some of the most generous MBA funding opportunities in Canada. There are two main categories for MBA scholarships for international students: Entrance Scholarships and Continuing Student Awards.
1) Entrance Scholarships: These scholarships offer a generous amount of money and are offered to full-time students at Schulich.
| Scholarship | Value | Eligibility | Deadline |
| Robert Krembil Scholarship of Merit | $40,000 | Full-time students at Schulich are selected based on merit | No separate application is necessary as full-time students are automatically considered for these MBA scholarships in Canada |
| Seymour Schulich MBA Entrance Scholarship | $27,104 | ||
| Tanna H. Schulich MBA Entrance Scholarship | $27,104 | ||
| Scotiabank Scholarships in International Business | $20,000 |
2) Continuing Student Awards: This specific type of MBA scholarship in Canada is available to students enrolled in MBA, IMBA or MPA programs at the University of Schulich.
| Scholarship | Value | Eligibility |
| The Thomas Beck MBA Award | $5,000 | Awarded based upon academic achievement as well as specific criteria |
| Carol Anne Letheren Women’s MBA Award | $3,000 | |
| Sony of Canada MBA Scholarship | $3,000 | |
| Wigwamen Scholarship | $2,500 |
How to apply: No separate application is necessary as full-time students are automatically considered for these MBA scholarships in Canada.
Deadline: Schulich offers both part-time and full-time MBA. Deadlines for part-time MBA end in early-May.
Full-time MBA deadlines
| Entry | Round 1 | Round 2 | Round 3 |
| January | Sep | Oct | Late applications |
| September | Jan | Feb | April |
In addition to this, students have the option to pursue a complete tuition waiver for a Canada MBA program depending on their GMAT score, although these opportunities are scarce. Those from abroad aspiring to pursue an MBA in Canada can also explore various MBA scholarships, offering financial assistance to alleviate the expenses associated with studying in Canada.
