Best MBA Scholarships in Canada in 2024

Studying for an MBA in Canada can be a life-changing experience that offers the prospect of exciting international opportunities. That said, pursuing an MBA degree is a substantial financial responsibility. However, there exist many scholarships for this very reason to take away the stress from those students who deserve it. This article is a detailed account of some top MBA scholarships for the year 2024 in Canada, along with details about eligibility criteria and the application process on how to apply successfully.

Why Pursue an MBA in Canada?

Canada is among the best countries to study business. world’s most unique Business School institute, an excellent quality of education experience, and a great job opportunity. Canada is home to some of the most prestigious universities in the world known for its rigorous academic standards, innovative research, and business ties. Aside from this, education in Canada.

Scholarship Amount: Varies Eligibility: It is available to all MBA applicants to the University of Toronto Rotman School of Management. Scholarships are based on academic grades, leadership potential, and professional accomplishments.

Application process: No application process is needed. All MBA applicants to Rotman School of Management are submitted for consideration during the admission process.

Eligibility: The scholarships are available to candidates pursuing their MBA at Ivey Business School, Western University. The application depends on academic achievements and leadership in community ventures.

 Application process: Automatic consideration is given to MBA slots. Nevertheless, other slots require a different scholarship application process. Sauder School of Business Scholarships Scholarship Amount: Varies.

Eligibility: The scholarships are awarded to MBA applicants of the University of British Columbia Sauder School of Business. The scholarships depend on merit, leadership, and financial capability.

Types of MBA Scholarships in Canada

Now that you know the cost of an MBA in Canada, let’s discuss financial assistance for international students. MBA scholarships in Canada, especially for Indian students, are popular and widely available, helping you graduate without heavy financial burdens. Here are the types of MBA scholarships:

•   Merit-based scholarships: Awarded based on academic records, leadership skills, work experience, and other factors.

•   Need-based scholarships: Granted based on financial need to support and encourage meritorious students.

•   Government/private organization scholarships: Offered by the Canadian government and private organizations to attract talented international students.

Top MBA Scholarships in Canada for Indian Students

There are multiple MBA scholarships in Canada awaiting international scholarships. Most scholarships apply toward tuition fees for pursuing an MBA. Highly qualified candidates may be eligible for full tuition scholarships that cover the complete cost of an MBA. Take a look at some of the top MBA scholarships in Canada for Indian students funded by private organizations:

Go Global MBA Scholarship

•   The Go Global MBA scholarships provide 9,699.15 CAD towards tuition fees for students enrolled in an MBA degree abroad.

•   To be eligible for the scholarship, students must meet the entry requirements for the chosen B-school.

•   Applicants must demonstrate academic achievements, English language proficiency, and up to 5 years of professional work experience.

•   Students are also required to submit an elevator pitch and a short essay to support their application.

•   The scholarship committee seeks candidates with an entrepreneurial spirit, leadership skills, and the potential to make a difference in the industry and make the world more sustainable.

FINCAD Women in Finance Scholarship

•   Female candidates pursuing postgraduate studies in finance at an accredited institution can benefit from the FINCAD Women in Finance Scholarship.

•   The Women in Finance scholarships are awarded by FINCAD. This Numerix company is committed to supporting talented women in building careers in financial asset management, market risk management, and derivatives finance.

•   The scholarship is valued at 27711.85 CAD with 50% paid directly to the recipient and the remaining 50% paid directly to the educational institution towards tuition fees.

•   The scholarship has a rigorous selection process and only one recipient is chosen for the award.

•   The holder must not have more than 10 years of work experience in total and up to 5 years of work experience in finance.