5 Best MBA Scholarships in Canada

Pursuing an MBA in Canada comes with a substantial cost ranging from 40,000 to 150,000 CAD. However, for international students, the availability of MBA scholarships provides a promising opportunity to alleviate the financial burden associated with studying in Canada. In this article, we will explore the notable MBA scholarships offered to international students in Canada and delve into the application process.

To secure financial aid for an MBA abroad, demonstrating academic excellence is crucial, and achieving a commendable GMAT score is one effective strategy. If you possess an impressive academic record and excel in standardized tests, you may qualify for various MBA scholarships in Canada.

Let’s take a closer look at the top MBA scholarships for international students:

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Haskayne Entrance Donor Scholarships:

  • Offered by the Haskayne School of Business MBA program at the University of Calgary, this scholarship is available to international candidates with strong GPAs and GMAT scores.
  • Award: Recipients receive compensation ranging from CA$ 3,000 to CA$ 17,000 during their term.
  • Requirements: Scholarships are awarded based on factors such as exam results, academic excellence, and career aspirations.

Sauder School of Business Scholarship:

  • The Sauder Business School in Canada provides a range of scholarships for outstanding international applicants, including the Asia Top Talent Scholarships, Women in Business Leadership Scholarships, Hari Varshney MBA Entrance Scholarship, Dean’s Entrance Scholarship, and International Talent Scholarships.
  • Award: Scholarships can range in value from $10,000 to $40,000.
  • Requirements: Merit-based selection, entrepreneurial skills, prior business experience, leadership, and academic achievement.

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Ontario Graduate Scholarship Programs:

  • Open to foreign students interested in two-year courses or a master’s degree in Ontario, the Ontario Graduate Scholarship is highly competitive.
  • Awards: Approximately CA$ 5,000 per semester, with possibilities of receiving $10,000 over two semesters or $15,000 over three semesters.
  • Requirements: Enrollment in a university in Ontario, enrollment in a two-year program, and completion of studies with at least an A- in the preceding two years.

Alberta MBA Scholarships:

  • The Alberta School of Business’s MBA program offers numerous scholarships, with approximately CA$ 1 million allocated for MBA awards in the prior year.
  • Award: Scholarships range from CA$ 1,000 to CA$ 10,000 based on achievement.
  • Requirements: GPA of 3.5 or above, academic standing, GMAT score, and work experience.

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Rotman School of Management Scholarships:

  • The Rotman Business School at the University of Toronto is renowned for its MBA program and scholarships, which include the Business Design Initiative (BDI) Scholarship, Entrance Awards, Joseph L. Rotman Scholarship, Rotman Family Healthcare Scholarship, and 30% Club Full-Time MBA Scholarship.
  • Award: Full funding and scholarships ranging from CA$ 10,000 are available.
  • Requirements: GPA of 3.5 or above, academic standing, GMAT score, and work experience.

These scholarships not only recognize academic achievement but also support the diverse talents and experiences of international students pursuing MBA studies in Canada. If you aspire to embark on an MBA journey in Canada, exploring these scholarship opportunities is a significant step toward achieving your academic and professional goals.

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