Top 10 MBA Scholarships in Canada

Pursuing an MBA program in Canada gives you the best chance of landing a good job and advancing your career. There are numerous other significant benefits to studying for an MBA program in Canada.


Most foreign students who are pursuing MBA scholarships in Canada can take advantage of the variety of scholarships that are offered.

Canada is quite known for housing several universities currently offering MBA scholarships for interested students. Before applying for an MBA scholarship, it’s critical to ensure you have the required paperwork and to carefully consider your eligibility.

In this article, I will make one part of your journey easier by helping to curate the available MBA scholarships in Canada for international students, regardless of their race, or gender.

Top 10 MBA scholarships in Canada

In this article, I’ll list a few universities that provide financial aid to international students who want to or are already enrolled in MBA programs in Canada. 

  1. Alberta MBA Scholarships

One of the Canadian institutions currently providing a number of MBA scholarships for foreign students is the University of Alberta’s business school.  As an international student at the University of Alberta, you are entitled to benefit from several scholarships awarded right within the school.

Some of the scholarship awards to which international students are eligible are as follows: 


  1. AIMCo MBA award: The Aimco MBA is available for students who are offered an MBA scholarship in finance. Applicants for this scholarship can receive up to $10, 000 in grants.
  2. Michael Lang MBA Award: The Micheal Lang MBA award is available to full-time candidates. Students can receive up to $10, 000.


Before you can get any scholarship award from the University of Alberta, you need to check yourself, if you are truly eligible for the scholarship or not. 

The following are some eligibility requirements:

The interested candidate must have a good academic performance history as well as a good GMAT score.

2. Haskayne School of Business MBA Entrance Scholarships

The Haskayne School of Business offers several scholarships for international students who wish to study in Canada. 

This scholarship’s top priority is to eliminate the barriers that prevent international students from enrolling in a Canadian MBA program. Accepted students can receive $20,000 in scholarship grants.


Getting accepted into the Haskayne School of Business all depends on your academic performance, such as your GMAT and GPA scores.

  1. Rotman School of Management Scholarships.

The Rotman School of Management at the University of Toronto is one of the management institutions currently offering cutting-edge research and teaching. The Rotman School of Management Scholarship is open to all international students wanting to pursue an MBA program in Canada.

As a Rotman Scholarship candidate, you are eligible for up to $10,000.


Selection in the Rotman School of Management is based on merit and outstanding academic performance. If you want to be a beneficiary of the Rotman School of Management scholarship, it is important that you have enrolled in the Rotman MBA program.

  1. Sauder School of Business Entrance Scholarship

International students can receive scholarships from the Sauder School of Business at the University of British Columbia, one of the top universities in Canada today. The Sauder School of Business is a good option to consider if you are looking for a well-equipped business school in Canada.

Also Read  Step by Step guide to online MBA programs in Canada

Without regard to a student’s race, country of residence, or any other factor, the Sauder School of Business currently offers a number of scholarships.

Candidates can receive scholarship grants between $10, 000 and $40, 000.


Some eligible criteria that you need to check off before applying to the Sauder School of Business are that candidates must have exceptional academic excellence as well as proof of professional experience.

  1. Smith school of business

The Smith School of Business is among the top 10 ranked business schools in the world. Candidates seeking to pursue an MBA program at the Smith School of Business must know that this institution is highly competitive. 


Due to how the Smith School of Business seems to be extremely competitive, To be eligible for the Smith School of Business Scholarship, you must have a strong record of previous academic performance.

  1. Ivey MBA scholarship 

If you want to pursue an MBA program at Ivey Business School, the Ivey MBA program is available to you. Ivey tends to offer several MBA scholarships for international students.

Students can receive from $10,000 to half of their tuition as their scholarship grant at the Ivey Business School.


Parameters such as good academic excellence, a proficient leadership history, and a good GMAT and GPA are all important if you want to be a beneficiary of the Ivey MBA scholarship.

  1. Ontario graduate scholarship program

The Ontario graduate scholarship program is offered by top-ranking universities in Canada. The Ontario graduate scholarship program is open to students who are interested in pursuing their education in Canada. It is available at both the masters and doctoral levels.

Students can get scholarship grants of about $15,000 per academic year through the Ontario graduate scholarship program.


Some of the eligibility criteria for the Ontario Graduate Scholarship are as follows:

  1. Must have enrolled in graduate studies either at the masters or doctoral level.
  2. Must be pursuing a full-time program.

8. Desautels Faculty of Management

This is one of the top-ranked management schools in Canada. If you’re looking for an MBA program in Canada, consider the Desautels Faculty of Management. It is crucial to remember that the Desautels Faculty of Management is a division of McGill University rather than a separate institution.

9. Schulich School of Business Scholarships

The Schulich School of Business offers several scholarships to international students. On the other hand, scholarships at the Schulich School of Business are divided into two categories: entrance scholarships and continuing scholarships. 

Some scholarships offer a high monetary value, while others can be a bit low. Therefore, as a beneficiary of the Schulich Business Scholarship, you can receive up to $40, 000.

Also Read  Step by Step guide to online MBA programs in Canada


You must outperform expectations and submit proof of your English language ability in order to be considered for the Schulich MBA scholarship.

10. HEC Montreal MBA Scholarships

HEC Montreal also offers a number of scholarships to international students pursuing an MBA in Canada. This scholarship award varies and therefore comes with a different scholarship grant.

The scholarship is specifically meant for international students pursuing an MBA program in Canada. 


Students must have a good GPA and GMAT score and have demonstrated proficiency in leadership.

Frequently Asked Questions

Can I study MBA in Canada for free?

Most people who want to study MBA in Canada wonder if it is possible to do so for free. Well, the only way you can study in Canada with partial payment is through a scholarship. Most MBA scholarships are not fully funded, therefore, in that case, you need to have money available before considering studying in Canada. However, without a scholarship, MBA programs in Canada are not tuition free. 

However, there are several moderately priced MBA courses with lower tuition. You may want to consider these MBA programs.

How can I get a full scholarship in Canada for MBA?

Step 1: Go to the university’s official website.

Prior to applying, it is crucial to have chosen your university. Once that has been completed, familiarize yourself with the procedure by visiting the university’s official website.

Step 2: Understand the requirement of the scholarship

Make sure you comprehend the eligibility requirements before applying for an MBA scholarship in Canada, because most people do not take this seriously. Your application might be rejected if you don’t understand the requirements.

Step 3: Gather the necessary documents.

Begin collecting all necessary documents, such as transcripts and letters of recommendation. Yes, you should be aware of the documents needed for the application if you followed Step 1 closely.

Step 4: Pass the required examinations

Make sure to take all the tests required for the application if any tests, such as the IELT or others, must be taken. 

Step 5: Register and submit an online scholarship application.

Visit the registration portal and finish the registration process.  As some documents will need to be uploaded, make sure all your documents are in digital form.

Step 6: Await a response from the university or scholarship board

You will be informed of the outcome of your application, which could take a few weeks.

Is IELT required for MBA in Canada?

The majority of Canadian institutions with MBA programs demand the IELT exam. You can choose to take the TOEFL or any other English proficiency test in order to be admitted to Canada; the IELT is an option.


There are several scholarships available for those pursuing an MBA program in Canada or who are likely interested in doing so. However, these scholarship awards vary. 

Some scholarship awards are highly competitive, so you’ll need to perform well in school and have a strong GMAT score.


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button