Attaining an MBA degree marks a significant achievement, sought after and coveted by every aspiring business student. Its attainment propels individuals into a realm of vast possibilities, unveiling a myriad of professional avenues.
MBA, an abbreviation for Masters of Business Administration, serves as a resolute assurance to its holder, guaranteeing swift employment and an accelerated trajectory within the corporate sphere.
In light of this, a multitude of students who have completed their undergraduate studies in business-related fields aspire to augment their credentials with an MBA, a decision that is inherently sensible. Given the substantial demand for MBA education, particularly among students from developing nations or those necessitating financial aid, the requirement for scholarships becomes paramount.
Worldwide, numerous esteemed universities extend scholarships to students aspiring to enroll in their programs. Remarkably, this trend is echoed in Canada, where universities and colleges recognize the need to support MBA students through scholarship opportunities. In this article, we delve into the array of such offerings available across Canada.
1. Ted Rogers School of Management – Ryerson University
Situated in Toronto, Canada, the Ted Rogers School of Management stands as a premier institution for pursuing an MBA. It garners recognition as one of Canada’s top management schools and holds a spot within the top 25 international MBA programs according to Bloomberg Businessweek.
To support the financial commitment of an MBA, the Ted Rogers School of Management has forged a partnership with Ted and Loretta Rogers, resulting in a generous donation of up to $15 million earmarked for scholarships and awards. These financial provisions are intended to assist students in financing their MBA endeavors.
A maximum of 24 exceptional students are selected as recipients of scholarships and awards, each valued at up to $20,000. Eligibility for the Ted Rogers School Graduate Entrance Scholarship is contingent upon outstanding academic achievement, with selections made based on scholastic excellence and performance.
This scholarship is available to both Canadian students pursuing full-time or part-time studies and international students applying exclusively for full-time enrollment. For detailed application information on scholarships and awards, please visit: www.ryerson.ca/mba/admissions/funding/.
2. Rotman School of Management Scholarships – University of Toronto
Located in Toronto, Canada, the Rotman School of Management stands as a global leader in management education. An integral part of the University of Toronto, it offers a transformative MBA program catering to aspiring business professionals.
While the Rotman School of Management does not directly offer scholarships for its MBA program, it collaborates with external organizations to provide financial support to international students. Notable among these is the Government of Canada International Scholarship Programs, which offers a range of scholarships to foreign MBA candidates. A comprehensive list of government scholarships can be found at: www.educanada.ca.
3. Alberta MBA Scholarships – University of Alberta School of Business
In 2019, the University of Alberta School of Business allocated up to $1 million in scholarships to MBA students. Entrance awards valued at up to $15,000 are bestowed upon successful candidates admitted to the Alberta School of Business.
Scholarships are also distributed throughout the course of the MBA program. To gain further insight into these opportunities, please visit: www.ualberta.ca/business/programs/mba/admissions/awards-financial-aid/index.html.
4. Haskayne School of Business MBA Entrance Scholarships – University of Calgary
As a component of the University of Calgary, the Haskayne School of Business extends scholarships to first-year students who gain admission. The school also administers various scholarship and award initiatives during the course of the MBA, including the Haskayne Student Experiences Fund and SU Travel and Conference Funding. For a detailed overview, explore: https://haskayne.ucalgary.ca/student-funding-and-scholarships.
5. Schulich School of Business Scholarships
At the Schulich School of Business, all international students are automatically considered for a range of scholarships and awards. These encompass merit-based scholarships as well as those designed to assist individuals with financial need. Comprehensive information is available at: https://schulich.yorku.ca/student-life-services/financial-aid/scholarships-awards/.
6. Ivey MBA Scholarships
Prospective Ivey MBA students have access to a robust selection of scholarships and student loans. The collective value of these scholarship awards reaches up to $1.8 million. For a comprehensive understanding of how to financially support your MBA studies at the Ivey Business School, kindly refer to: www.ivey.uwo.ca/finance.
7. Sauder School of Business Entrance Scholarship – UBC
UBC Sauder School of Business, a constituent of the University of British Columbia, offers entrance awards and scholarships. This includes programs like the Dean’s Entrance Scholarship and International Talent Scholarships. Detailed information can be accessed at: www.sauder.ubc.ca/programs/masters-degrees/ubc-mba/admissions-finance/scholarships.
8. Desautels Faculty of Management – McGill University
As a distinguished member of McGill University, the Desautels School of Management holds a prominent position among Canada’s top management schools. For a comprehensive overview of scholarships available, please consult: www.mcgill.ca/desautels/programs/bcom/current-students/scholarships.
9. Smith School of Business – Queen’s University
Within Queen’s University, the Smith School of Business offers a range of scholarships. Detailed information about these opportunities can be found on their scholarships page at: www.rhsmith.umd.edu/programs/undergraduate-programs/academics/scholarships.
10. HEC Montreal MBA Scholarships
In collaboration with the HEC Montreal Foundation, a multitude of scholarships are accessible for MBA students. Further details on these opportunities can be explored at: www.hec.ca/en/programs/mba/full-time-mba-/scholarships/index.html.
11. John Molson School of Business Scholarships – Concordia University
The John Molson School of Business at Concordia University is renowned for its quality business education. Scholarships are available for exceptional students pursuing their MBA. For more information on these scholarships and how to apply, please visit: www.concordia.ca/jmsb/programs/graduate/mba/financial-support.html.
12. Telfer School of Management Scholarships – University of Ottawa
Located at the University of Ottawa, the Telfer School of Management offers a range of scholarships to support MBA students in their academic pursuits. These scholarships recognize excellence and potential within the business field. To explore these opportunities, please refer to: www.telfer.uottawa.ca/en/programs/scholarships/mba-scholarships.
13. Lazaridis School of Business Scholarships – Wilfrid Laurier University
The Lazaridis School of Business at Wilfrid Laurier University is dedicated to providing financial support to deserving MBA candidates. A variety of scholarships and awards are available to assist students in their educational journey. To learn more about these opportunities, visit: www.lazaridismba.ca/admissions/financing/scholarships.
14. Smith School of Business – University of Maryland
The Smith School of Business at the University of Maryland offers scholarships for its global MBA program. These scholarships aim to recognize outstanding candidates and provide them with financial assistance. To explore the available scholarships, please visit: www.rhsmith.umd.edu/programs/full-time-mba/admissions/scholarships.
15. Sobey School of Business Scholarships – Saint Mary’s University
The Sobey School of Business at Saint Mary’s University is committed to supporting MBA students through various scholarship opportunities. These scholarships are designed to acknowledge academic excellence and leadership potential. For more information, please visit: www.smu.ca/academics/sobey/graduate-programs/mba/financing/scholarships.html.
16. Goodman School of Business Scholarships – Brock University
Brock University’s Goodman School of Business offers scholarships to students pursuing an MBA. These scholarships recognize achievements in academic, professional, and community spheres. To explore the available scholarship options, please refer to: www.goodman.mcmaster.ca/mba-future-students/tuition-financial-aid/scholarships.html.
17. Sprott School of Business Scholarships – Carleton University
The Sprott School of Business at Carleton University provides scholarships to outstanding MBA candidates. These scholarships are aimed at facilitating access to quality education and fostering leadership potential. To find out more, please visit: www.sprott.carleton.ca/graduate/master-of-business-administration-mba/financial-assistance/scholarships-and-awards.
18. Beedie School of Business Scholarships – Simon Fraser University
Simon Fraser University’s Beedie School of Business offers scholarships to MBA students, recognizing their dedication to excellence. These scholarships are designed to ease the financial burden of pursuing an advanced business degree. For information on available scholarships, please visit: www.sfu.ca/beedie/graduate/graduate-financial-aid/mba-awards.html.
19. Foster School of Business Scholarships – University of Washington
The Foster School of Business at the University of Washington offers scholarships for its MBA program, encouraging talented individuals to pursue their business aspirations. These scholarships are aimed at supporting students from diverse backgrounds. To learn more, please explore: www.foster.uw.edu/academics/degree-programs/master-of-business-administration/admissions/tuition-financial-aid/scholarships.
20. Smith School of Business – Queen’s University
The Smith School of Business at Queen’s University offers a variety of scholarships for MBA candidates. These scholarships are designed to recognize academic merit, leadership potential, and community engagement. For more information, please visit: www.queensmba.ca/admissions/financing/scholarships.
Over to you
Make sure you visit the recommended links for the list of MBA scholarships in Canada that you’re interested in, review their application criteria and eligibility. Also always make sure you apply before the scholarship deadline. By so doing, you can increase your chances of getting an MBA scholarship in Canada.
