Top 10 MBA Fully Funded Scholarships in Canada

Doing an MBA program in Canada is always preferred in Canada by students in other countries, for Canada’s education cost is lower than the US MBA Programs.

With that being said, there are MBA scholarships in Canada that interested international and domestic students can apply for.

This article will bring a detailed post regarding all the top 10 MBA scholarships in Canada that you can apply for to help you support and reduce your financial expenses.

So if you plan to study MBA in Canada, you can choose from a wide range of fully-funded and university scholarships that can help you cover your tuition fees.

Details On MBA Scholarship 

Canada has long been among international MBA students’ top study destinations. Most MBA aspiring students simply don’t have the cash to fund their studies on their own, which means graduate student loans are in the cards for most MBA students.

However, free money for your MBA is available through the much sought-after, yet somewhat elusive, MBA scholarship, and they will be highlighted below as you read further.

There are two types of MBA  scholarships that students can apply for, which includes

1. Merit-based money offered as a result of the MBA application – Schools awards the vast majority of scholarships based on your original MBA application. These awards do not require you to submit any additional application materials. Instead, schools offer this money to applicants they are trying to attract—often enticing them away from other schools.
2. Students apply for scholarships directly – These scholarships generally target specific candidates based on industry, ethnicity, gender, etc. A separate application is required for each of these scholarships, and specific criteria apply.

The Top 10 MBA Scholarships in Canada

1. Ontario Graduate Scholarship (OGS) Program

Students in graduate studies at the master’s and doctoral levels can apply for a merit-based scholarship through the Ontario Graduate Scholarship (OGS) Program.

Awards are available to graduate students for all disciplines of academic study at participating schools in Ontario.

OGS awards are based on the number of terms of your consecutive studies within an academic year:

• $10,000 for two consecutive study terms
• $15,000 for three consecutive study terms

Each OGS award is issued for:

• a minimum of 1 academic year (2 or 3 consecutive academic terms)
• a maximum of 2 years (up to 6 consecutive academic terms).

Eligibility

• Be a Canadian citizen, Permanent Resident, or Protected Person under subsection 95(2) of the Immigration and Refugee Protection Act (Canada) by the student deadline as determined by each graduate unit;
• International students who are studying or plan to study at the University of Toronto under a temporary resident visa (student study permit) are eligible for a set number of OGS awards (valid study permits must be effective as of the graduate units’ OGS international application deadline);
• Be registered or intend to register in an eligible program on a full-time basis in 2022-2023;
• ​Have achieved at least an A- (or equivalent) in each of the last two completed years of study (full-time equivalent); or if the student has completed two years or more of graduate studies at the time of application, the student must only demonstrate an overall average of at least A- (or equivalent) on all graduate courses completed.

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2. Rotman School of Management Scholarships.

The Rotman School’s Full-Time, Morning MBA, Evening MBA, and Master of Finance programs are considered full-time, eligible programs.

An Ontario Graduate Scholarship (OGS) at the Rotman School of Management is held for one year and is valued at $10,000 to $15,000 per year, thanks to the generous support of donors.

They invest in students by providing over $ 1 million in award funding and financing through various options.

The Rotman School is invested in attracting strong candidates. You will be automatically considered for entrance awards with your Morning or Evening MBA application. Awards are given to eligible candidates on a first-come, first-served basis.

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3. Ted Rogers School of Management MBA Scholarships

They recognize that pursuing an MBA is a significant financial investment and want to help ensure you are able to focus on your studies and research while pursuing your Ted Rogers MBA.

Several funding packages – internal and external – are available to Ted Rogers MBA students.

Thanks to a $15 million donation from Ted and Loretta Rogers, each year, the Ted Rogers School of Management issues a total of 24 Graduate Entrance Scholarships and Awards worth up to $20,000 each.

The Ted Rogers Graduate Entrance Scholarship criteria are based solely on demonstrated academic excellence. This scholarship is open to full-time and part-time domestic applicants and full-time international applicants.

4. Alberta MBA Scholarships

The Alberta University offers Fully Funded Master’s Scholarships and Ph.D. Scholarships in Canada. The University of Alberta is a Top 5 Canadian university offering Scholarships in 2022.

The Alberta MBA program makes every effort to ensure that academically strong students and those in need receive financial support. Most full-time students admitted to the MBA program receive financial support every year. Last year, over $1 million was available to MBA students through entrance awards, scholarships, and bursaries.

MBA scholarships are competitive. There are currently over 400 MBA students at the University of Alberta, with only a limited number of scholarships available. The mandate of the MBA Scholarship Committee is to ensure scholarships are awarded to students who best meet the criteria of the particular scholarship as outlined by the donor or sponsor.