Table of Contents
- Top Benefits of MBA Scholarships in Canada
- Overview: Top Scholarships for MBA in Canada
- UBC Sauder Scholarship
- McGill University’s Desautels Scholarships
- Smith School of Business at Queen’s University Scholarships
- Ontario Graduate Scholarship (OGS) Program
- IGSES International Student Scholarship at the University of Manitoba
- EduCanada Scholarships
- MPOWER Financing MBA Scholarship
- How to Apply for Scholarships for an MBA in Canada?
- Frequently Asked Questions
Scholarships make everyone happy. They are rewards for motivating students to pursue their dreams and contribute to society. Canada’s MBA scholarships are no exception.
Canada, one of the most sought-after study abroad destinations, is home to top universities for MBA programs. International students are supported with many fully and partly funded scholarships for MBA programs in Canada.
The scholarships for MBA in Canada are offered by the Canadian government, universities, and private organizations.
Top Benefits of MBA Scholarships in Canada
An MBA scholarship in Canada makes your education funding easy and stress-free. Beyond partnering with your education financing burden, scholarships for an MBA in Canada light the path to great opportunities, such as career support and networking.
Never miss an opportunity to apply for an MBA scholarship in Canada—they are the best! Here are the key advantages of getting a scholarship for an MBA in Canada.
| Reduced financial burden | Access to top universities |
| Better career opportunities | No repayment required |
| Networking benefits | Encourages academic excellence |
| Opportunity for specializations | Supports international students |
| Boosts confidence & motivation | May cover additional costs |
Overview: Top Scholarships for MBA in Canada
If we look closely, there is a big green signal for international students aspiring to an MBA scholarship in Canada. Most universities and colleges strive to offer various scholarships to international students and encourage them to participate in educational activities.
How much is the scope of getting scholarships for an MBA in Canada? Well, it depends on your profile and academic background. Most scholarships prioritize candidates with exceptional academics and a proven track record of leadership skills.
| Scholarship | Amount/ Benefits | Eligibility |
| UBC Sauder Scholarship | Up to full tuition fee | Academic excellence, Leadership skills |
| McGill University’s Desautels Scholarships | Variable | Academic excellence, Leadership skills |
| Smith School of Business at Queen’s University Scholarships | Variable amount | Academic excellence, Leadership skills |
| Ontario Graduate Scholarship (OGS) Program | Up to CAD 15,000 per year | Study in Ontario |
| IGSES International Student Scholarship at the University of Manitoba | CAD 6,000 per year | Have a GPA of at least 3.5 |
| EduCanada Scholarships | Variable amount | Be an international student |
| MPOWER Financing MBA Scholarship | Up to CAD 10,000 | Secure admission to an MPOWER-listed university |
UBC Sauder Scholarship
UBC Sauder offers scholarships to 25% – 35% of students annually. The preference falls on domestic and international students with strong academic merit and leadership skills. UBC Sauder scholarships for the MBA in Canada are distributed in three terms, as shown below:
- Below CAD 1,000 – Paid in full within a single term.
- CAD 1,000 to CAD 5,999 – Distributed over two terms in equal installments.
- CAD 6,000 or more – Disbursed across three terms: 33.3% in September, 33.3% in January, and 33.4% in May.
Eligibility
- Secure admission to UBC Sauder
- Have an excellent academic record
- Demonstrate leadership skills
McGill University’s Desautels Scholarships
McGill University’s Desautels Scholarships for full-time MBA are merit-based. Eligible students are automatically selected for the scholarship while processing their application. There are different overseas education scholarships for an MBA at McGill Desautel in Canada, as listed below:
- Adam Dinkes MBA Leadership Award – $10,000
- Kelly Family MBA Leadership Award – $15,000
- Lecky Foundation MBA Leadership Award – $10,000
- Philip Earle Jenkins MBA Leadership and Diversity Award – $10,000
- Scotiabank Fellowships – $10,000 (Preference for Latin American/Caribbean students)
- Ip Kim Hung MBA Leadership Award – Varies (Preference for Asian students)
- Dominic K.M. Lai MBA Fellowship – Varies (Preference for Asian students)
- Paul Tellier MBA Fellowships – Varies
- Ruth P. Glenen Fellowships – Varies (For female students)
- Timothy Thompson MBA Fellowships – Up to $10,000
Eligibility
- Get admission to a full-time MBA at McGill Desautels School of Management
- Have an excellent academic record, proven leadership skills, and a passion for learning
Smith School of Business at Queen’s University Scholarships
Every year, MBA students at the Smith School of Business at Queen’s University receive 1.6 million in scholarships. One of the beneficiaries can be you if you are a candidate with a proven track record of academic merit and leadership experience.
The various scholarships offered by the department help 70% of the students and the amount varies between CAD 10,000 – CAD 70,000.
Top scholarships for MBS in Canada Smith School of Business:
| General Entrance Scholarships | Forté Scholarship | Federau Kreel MBA Scholarship |
| Liana Tesan Memorial Scholarship | Len Morrow MBA Scholarship | Dean’s MBA Admission Scholarships |
| Stephen J.R. Smith MBA Scholarships | Jim Leech MBA Scholarship | MBA 1980 Class Scholarship |
| Roozen Family MBA Scholarship | MBA 1988 and MBA 1972 Scholarship | MBA 1981 Entrance Scholarships |
| Access to Success Fellowship ($5,000) | Reaching Out MBA Fellowship ($20,000) | Scholarships for Black Students (Up to $25,000) |
| Scholarships Canada | Student Awards | Scholarships for Indigenous Students (Up to $25,000) |
| International Student Scholarships (Government of Canada) | International Council for Canadian Studies |
Eligibility:
- Strong leadership skills and experience
- Participation in networking events
- Academic achievements
Ontario Graduate Scholarship (OGS) Program
The OGS helps MBA students in Canada who secure admission to a university or college in Ontario. Your institution must participate in the scholarship program to be eligible.
Details of the MBA scholarship in Canada, Ontario are given below:
- $10,000 for 2 consecutive study terms
- $15,000 for 3 consecutive study terms
- Minimum duration: 1 academic year (2 or 3 consecutive terms)
- Maximum duration: 2 academic years (up to 6 consecutive terms)
- Master’s students can receive OGS for up to 2 academic years
- Doctoral students can receive OGS for up to 4 academic years
- Lifetime OGS limit: 6 academic years
Eligibility
- Study in Ontario. Your admission must be to a university or college participating in the scholarship program.
- Have academic merit
Universities/ Colleges participating in the Ontario Graduate Scholarship Program
| University of Toronto | Trent University | University of Waterloo |
| Western University | Wilfrid Laurier University | University of Windsor |
| Brock University | Carleton University | University of Guelph |
| McMaster University | Laurentian University | Lakehead University |
| Nipissing University | OCAD University | University of Ontario Institute of Technology |
| Ryerson University | Queen’s University | University of Ottawa |
| York University |
IGSES International Student Scholarship at the University of Manitoba
IGSES International Student Scholarship at the University of Manitoba funds academically high-achieving students. The annual scholarship of CAD 6,000 is renewable if the student maintains steady academic progress. Other awards from the Asper School of Business are:
- MBA Entrance Scholarships: Five $10,000 awards + smaller merit-based awards.
- MBA In-Course Scholarships: Awards for students with 24+ credits & GPA of 3.5+ (usually 4.0+).
- MBA Convocation Awards: These are given at graduation for academic excellence.
Eligibility
- Have a minimum GPA of 3.5
- Demonstrate your academic aspirations in the essay and interview (if conducted)
EduCanada Scholarships
The Canadian government offers funds for your MBA education in Canada. The scholarship amount can partially or completely cover your MBA tuition fee and living expenses.
Top such scholarships for MBA in Canada from the government include:
| Emerging Leaders in the Americas | Scholarships for Latin America & Caribbean students. |
| Study in Canada | Scholarships for students from Asia, Europe, MENA & Africa. |
| Canada-ASEAN | Scholarships for ASEAN students. |
| Canada-China Exchange | Scholarships for Chinese scholars. |
| CID Scholarships 2030 | Scholarships for select professionals & scholars. |
| OAS Academic Program | Scholarships for OAS member students. |
Eligibility
- Secure admission to a recognized college or university in Canada
- Have academic merit and financial need for the funding
MPOWER Financing MBA Scholarship
Thrilled to get a scholarship of up to USD 10,000? Apply for the MPOWER MBA Scholarship in Canada and the USA if you secure admission to a university or college listed by MPOWER. International students can apply for the scholarship without borrowing a MPOWER study abroad Loan.
Scholarships:
- Grand Prize: $5,000 USD
- First Runner-Up: $2,000 USD
- Second Runner-Up: $1,000 USD
Eligibility:
- Be an international MBA student in Canada
- Secure admission to any of the eligible universities
Eligible universities or colleges:
| Brock University | Carleton University |
| Lakehead University | Dalhousie University |
| McMaster University | Northeastern University-Toronto |
| Queen’s University at Kingston | Northeastern University-Vancouver |
How to Apply for Scholarships for an MBA in Canada?
Decided on your school of admission but have yet to apply for MBA scholarships? How do you apply for an MBA scholarship in Canada? No worries – here is the process to apply for scholarships for an MBA in Canada:
- Research available scholarships – Check the university website, connect with your seniors, and exhaust all available resources.
- Check your eligibility – Check your eligibility for each scholarship and list the eligible options.
- Prepare the application documents – Get ready with the documents before you begin your online application.
- Submit MBA admission application—You must submit your admission letter to apply for MBA scholarships in Canada.
- Apply separately for specific scholarships—Each scholarship’s application process is separate. Make separate applications customized for the scholarship’s intent. Rewrite your essay each time you apply for a new scholarship.
Summing up:
Are you ready for an MBA in Canada with a top scholarship? Your top scholarship options include those offered by universities, the Canadian government, and external organizations. While the blog covers many top scholarships, there are more MBA scholarships in Canada for international students.
Explore all the sources and patiently review the eligibility requirements for MBA scholarships in Canada – highlight this in your to-do list for MBA scholarships.
We are here to make your study abroad funding easy and hassle-free. Enjoy a smooth study abroad journey with Nomad Credit. Our counselors will guide you with financing your MBA study in Canada without charging a penny! Take advantage of the opportunity – connect with us today!
Frequently Asked Questions
Can you get a 100% scholarship for an MBA in Canada?
Most scholarships for MBAs in Canada offer partial funding. However, some scholarships cover full expenses for your MBA in Canada.
Who is eligible for a scholarship to study for an MBA in Canada?
Students who secure admission to a Canadian university can apply for MBA scholarships in Canada. Academic merit and leadership skills are required to apply for top MBA scholarships.
Do all international students get scholarships to study for an MBA in Canada?
While many business schools in Canada strive to offer scholarships to 70% of students, there is no guarantee that all international students will get a scholarship for an MBA in Canada. Students with exceptional academic performance and leadership skills are prioritized for scholarships.
Which university offers affordable MBA degrees in Canada?
Universities like Memorial University of Newfoundland, University of New Brunswick, University of Saskatchewan, and Concordia University offer affordable MBA programs in Canada. Choose your university according to your specialization.
How much is the funding for MBA in Canada scholarships?
The funding for MBA scholarships in Canada can cover the full or part of the tuition fee and living costs. Each MBA scholarship offers varied benefits to students.
