10 Best MBA Scholarships Programs available in Canada

Obtaining an MBA (Masters of Business Administration) degree is a significant achievement. What is even more amazing is getting such a degree from a renowned and reputable university like those in Canada.  This degree is what every business student aims for or aspires towards. It usually opens a wide range of profitable opportunities to the student that earns it.

Holding an MBA certification provides business students solid assurance that job search and recruitment process will not be tiring. This is also to support the thesis that the potential for accelerated career growth within the corporate world is high.

In this regard, many students that had their undergraduate in a Business related course want to gain an MBA to boost their CVs. Not surprising at all; who wouldn’t want to be at the top of their game?

Because lots of students want to study for their MBA internationally, there is a high need for scholarships programs especially for students who are from developing countries or who require financial support to study.

Many universities all over the world offer scholarships to students that wish to study at their institution and luckily for you, there are lots of universities and colleges in Canada that offer scholarship opportunities to MBA students and we will take a good look at them in this article.

So, sit back and let’s go on an adventure through ten best MBA scholarship programs available in Canada. Ready?

1. Ted Rogers School Graduate Entrance Scholarship at the Toronto Metropolitan University (TMU)  

Toronto Metropolitan University (TMU) formerly known as Ryerson University – Ted Rogers School of Management is a business management school located in Toronto, Canada. TMU is one of Canada’s leading management schools where students can apply for their MBA. It was also ranked as one of the top 25 international MBA programs and top 3 Best Canadian Business schools according to Bloomberg Businessweek 2022 -2023.

Because pursuing an international MBA could require a high financial investment, the Toronto Metropolitan University has partnered with Ted and Loretta Rogers and received a donation of up to $15 million for scholarships and awards. These scholarships and awards are meant to help students fund their MBA programs.

Each year, up to 24 students are awarded with entrance scholarships and awards that are worth up to $20,000 each. To qualify for the Toronto Metropolitan University Graduate Entrance Scholarship, the applicant must be academically sound because students are selected based on academic excellence and performance.

The scholarship is open to local Canadian students who are applying on full time or part time basis. It is also open to international students who are applying only on a full time basis. To apply for their scholarships and awards, visit Torontometropolitanuniversity/admission/funding

2. Rotman School of Management Scholarships at the University of Toronto.

Rotman school of management is located in Toronto, Canada and is one of the leading schools of management in the world. This school of management is part of the University of Toronto in which MBA aspirants can apply to study and earn an MBA degree. 

Below are some key reasons why you should study at Rotman School of Management:

1. To accelerate your professional growth as a senior or executive working professional by pursuing an MBA program customized to meet your needs and that of the society.
2. To elevate your leadership skills to new heights by taking advantage of the Rotman integrated leadership framework.
3. To acquire fresh perspectives and immediately apply your newly acquired knowledge to your workplace.
4. To learn from distinguished thought leaders who are shaping the future of the management landscape.
5. To build a robust and enduring network of professional peers that will benefit you throughout your career.

 

The Rotman MBA is indeed a great investment in one’s professional business career. However,the Rotman School of Management does not, in itself, sponsor any students for scholarships for their MBA program, but there are a number of external organisations willing to sponsor foreign students for their MBA at the school.

For example, the Government of Canada International Scholarship Programs. There are many scholarships available under the governmental program for foreign MBA aspirants. Visit Educanada.ca/scholarships to choose from a full list of government scholarships.

3. Alberta MBA Scholarships at the University of Alberta.

 

The Alberta MBA program prioritizes providing financial support to both academically exceptional students and those who require assistance. In 2019, over $1 million was made available to students of the MBA program at University of Alberta School of Business in form of awards and scholarships. As a result, a significant number of full-time students enrolled in the MBA program receive some form of financial assistance every year.

There are entrance awards for students that successfully gain admission into the Alberta School of Business which could have a value of up to $15,000. Scholarships are awarded during the course of the MBA programs. To know more, visit AlbertaMBAscholarships/Award funding

4. Haskayne School of Business MBA Entrance Scholarships.

Haskayne school of business is a part of the University of Calgary and they have scholarships for first year students that successfully gain admission into their school. This entrance scholarships ranges between $1,500 and $20k per student.

Haskayne Entrance scholarships are granted to students based on their past academic achievements, which include their undergraduate grade point average (GPA) and their GMAT scores

There are also scholarship and award programs available for students during the course of their MBA like the Haskayne Student Experiences Fund, SU Travel and Conference Funding and so on. Visit Haskayne/financing to learn more.

5. Schulich School of Business Scholarships at York University, Toronto.

All international students are automatically considered for the scholarships and awards at Schulich School of Business. Schulich is dedicated to offering financial assistance to students who require it, so they can pursue a Schulich MBA degree. 

Besides an extensive selection of scholarships and awards, students can also benefit from loan programs, job opportunities, and expert staff who are always ready to provide assistance throughout their academic journey.

 There are merit based scholarships, scholarships for those in need of financial assistance and so on. Visit Schulish/student/financial-aid

6. Ivey MBA Scholarships.

There are a number of excellent scholarships and student loans available for Ivey MBA applicants. The scholarship awards are worth up to $1.8 million in value. Kindly visit IveyMBAscholarships/award-funding for more information on how to fund your study for MBA at Ivey Business School.

7. Sauder School of Business Entrance Scholarship.

There are also entrance awards and scholarships at UBC Sauder School of Business. Sauder School of Business is a part of the University of British Columbia. Some of their scholarship programs include 

• Dean’s Entrance Scholarship
• International Talent Scholarships, and so on. 

Visit sauder/ubc/admissions/scholarships to learn more and get started. 

8. Desautels Faculty of Management.

Desautels School of Management is a part of McGill University and is also a top management school in Canada. Check out their scholarships page on McGill/Desautel/scholarship/financialaid

9. Smith School of Business – Queens University.

This school, fully called Robert H. Smith School of Business is a part of Queens university and you can visit their scholarships page at rhsmith/MBA/scholarship to learn more.

10. HEC Montreal MBA Scholarships.

In partnership with the HEC Montreal Foundation, there are hundreds of scholarships up for grabs for you as a MBA student. Visit hec.ca/students/funding to view their lists of scholarships contests and award available.

Final Words

Now that you have seen the 10 best MBA scholarships available in Canada, it is up to you to intentionally choose and pick one that matches with your personal and professional criterias as a business student. Whichever you decide on, be rest assured that you are going to be getting a world-class degree from the Canadian MBA schools.