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MBA scholarships for International Students in Canada

MBA scholarships for International Students in Canada

Edited By Team Careers360 | Updated on Aug 23, 2023 04:42 PM IST

MBA scholarships for Indian students in Canada - An MBA degree from a top university in Canada can offer students the guarantee of a decent job and fast career growth. But while an MBA degree in Canada is worthwhile, the cost of pursuing an MBA in Canada can be a deterrent, with tuition fees in the range of 30,000 to 40,000 CAD per year. MBA scholarshipfor Indian students in Canada is one way to reduce tuition expenses. The living costs and other variables like health insurance will only increase the cost of an MBA course if students study in Canada. One way to reduce cost is to apply for an MBA scholarship in Canada available for international students that are either fully funded or partially funded. This article has more details about these MBA scholarships for Indian students in Canada.

MBA scholarships for International Students in Canada
MBA scholarships for International Students in Canada

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MBA Scholarships for International Students in Canada

International students might ask why MBA in Canada. The answer is very simple: An MBA in Canada is the best alternative to MBA in USA that offers top-notch education, resources and career prospects. The average salary of a MBA graduate from Canada is around CAD 63,853, which is nearly 40 lakhs in Indian rupees. There is no need to worry about bearing the tuition expenses in Canada. Many MBA scholarships in Canada offer financial aid to deserving students which is the main topic discussed in the article. Let's look at the most prominent MBA scholarships for international students in Canada here.

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1. Ontario Graduate Scholarship (OGS) Program

A popular MBA scholarship in Canada for international students, the Ontario Graduate Scholarship funds graduate studies at the master’s and doctoral levels. It is a merit-based scholarship offered by top universities in Canada in the Ontario region. Also being merit-based, it is highly competitive among scholarships for international students in Canada.

Participating universities: Some of the popular participating universities include:

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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.


2. Rotman School of Management Scholarships

Around one-third of students enrolled at the Rotman School of Management, University of Toronto, are granted entrance scholarships, fellowships and awards every year. Among the popular MBA scholarships in Canada for Indian students, Rotman scholarships seek to remove the financial barriers that may come in the way of qualified applicants seeking admission at the business school.

Rotman School of Management Scholarship

Scholarship

Value

Eligibility

Deadline

Rotman Entrance Awards and Fellowships

Two popular entrance awards are granted to students enrolled in Morning & Evening MBA programmes:


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.

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.

3. Sauder School of Business Entrance Scholarship

Sauder School of Business at the University of British Columbia offers its own brand of MBA scholarships in Canada for international students to attract potential talents from across the world. Sauder extends many a merit-based entrance scholarships for MBA in Canada to outstanding international students.

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.


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


4. Alberta MBA Scholarships

Alberta School of Business, University of Alberta, extends a number of MBA scholarships in Canada to meritorious and needy international students. These MBA scholarships for international students in Canada are generally offered for the total 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.

5. Ivey MBA Scholarships

One reason why students may want to study at Ivey Business School could be that Ivey offers a number of MBA scholarships for international students in Canada, including some of the largest merit-based MBA scholarships in Canada.

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 aims at removing obstacles faced by international students on their path towards becoming future leaders. Among the popular MBA scholarships in Canada, the Entrance Scholarship also intends to attract high-achieving students from across the world 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

  • Early submission: January 15 (decision made by March 1)

  • Final deadline: June 1

Winter Admission

November

7. Schulich School of Business Scholarships

International students at Schulich School of Business Scholarships can choose from a number of scholarships to fund their MBA studies. Many of these scholarships offer good monetary value to be considered among the most generous MBA scholarships in Canada. MBA scholarships for international students are available under two categories: 1) Entrance Scholarships and 2) 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

Apart from this, students can try for a full freeship for Canada MBA based on their GMAT score though they are very limited. International students who wish to do an MBA in Canada can apply for a number of MBA scholarships which will help them to mitigate the cost of studying in Canada.

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Frequently Asked Question (FAQs)

1. Can I do MBA in Canada for free?

Although there are plenty of reasonably priced MBA courses offered by numerous Canadian universities including Laval University, Concordia University, University of Calgary, Ryerson University, University of Waterloo, etc. that you may choose from, MBA courses are not tuition-free in Canada.

2. Do I need GMAT for MBA in Canada?

Applicants to the Master of Business Administration programme in Canada can be accepted without having taken the GMAT. This option is only available to people who have additional credentials that demonstrate exceptional academic and professional performance and go above what is required for the GMAT.

3. Which type of MBA is in highest demand in Canada?

The most popular industries for MBA graduates in the nation are consulting and finance, but technology is gaining ground.

4. Is it possible to get a full freeship for Canada MBA based on GMAT scores?

It is very rare to get a full freeship for Canada MBA based on GMAT scores. However, there are many affordable universities such as the University of Calgary, Concordia University,  Ryerson University, University of Waterloo and others to do an MBA course in Canada.

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If you are very sure and confident about going to Canada and have made a decision but you are having financial issues then there are multiple ways by which you can fund you education. Here are some ways by which you can fund your masters abroad:

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Student/education loan: This one might be the toughest decision to take, so take it only if you think you it would be worth it.

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