Funded MBA Scholarship Canada 2024 Apply Now


Canada is a really good choice if you want to learn about business. Canadian universities want to help smart and hardworking students, so they give out scholarships. They’ve been doing this for a long time, and there are many different kinds of scholarships you can choose from. This means that if you fit the requirements, you have a chance to get one of these scholarships and go to the university you’ve always wanted to attend for studying business.

Smith School of Business Scholarships:

Smith School of Business in Canada offers valuable scholarships for students aiming to pursue an MBA. The MBA program begins every January, and they want to help exceptional students by providing financial support. To be eligible, students should maintain a good grade average, scoring at least 3.0. Additionally, they should showcase strong leadership skills, an essential quality in the business world. The application process involves submitting an introductory cover letter and obtaining two letters of recommendation from academic advisors. For graduate students, including information about their thesis is necessary.

Smith School of Business has introduced new scholarships specifically for hardworking students. These scholarships amount to about $10,000 per year, helping students cover their program expenses. This initiative reflects the school’s commitment to acknowledging and supporting academic excellence.

Ivey Business School Scholarships:

Ivey Business School is renowned for being the primary source of scholarship funds in Canada. They offer a diverse range of scholarships based on merit for deserving students. To apply, students must complete the MBA online application form, as no separate form is available. Ivey also encourages students to explore external scholarships and private loans for additional financial support during their studies.

The scholarships at Ivey vary in amounts, ranging from $10,000 to almost $65,000. Impressively, approximately 80% of students entering Ivey have the opportunity to win a scholarship. This highlights the school’s commitment to recognizing and rewarding merit in its student body.

Rotman School of Management Scholarships:

Rotman School of Management stands out as a preferred choice for international students pursuing business studies in Canada. The school provides scholarships based on students’ achievements and academic records. Rotman allocates a substantial amount, totaling $1 million, for these scholarships and supports students through various financing options.

Scholarships at Rotman are awarded to students with high merit in their first three years of engineering education, emphasizing leadership qualities. Additionally, preference is given to students facing financial challenges, ensuring that those in need receive support. The minimum GPA requirement of 3.0 in the final year of a Bachelor’s degree ensures that recipients have demonstrated academic excellence. These scholarships at Rotman aim to alleviate financial concerns, allowing students to concentrate on their education and future career prospects.

Haskayne School of Business Scholarships:

Haskayne School of Business, established in 1967 at the University of Calgary, is renowned as one of Canada’s top research universities. The school offers scholarships to alleviate financial concerns, allowing students to unlock their full potential without worrying about money.

The Academic Achievement Scholarship is based on your academic success and provides around $23,000 for the first year and $13,000 for the second year of your studies. To qualify, you need to maintain a GPA of 3.0 out of 4.0 in the last two years of your 4-year undergraduate degree. Additionally, achieving a score of 550 or higher in the GMAT exam is required, along with a minimum of two years of professional work experience.

These scholarships from Haskayne School of Business aim to support students in their pursuit of education by recognizing and rewarding academic excellence and professional dedication.

DeGroote School of Business Scholarships:

The DeGroote School of Business, part of McMaster University since 1952, offers business education opportunities. Established in 1992, the school provides scholarships to make pursuing an MBA degree more accessible, especially for those facing financial challenges. The scholarship programs not only make studying easier but also foster a spirit of competition among students, encouraging excellence in the MBA program.

To be eligible for the DeGroote School of Business scholarships, you should have a GPA of 8.0 out of 12 in the last three years of your undergraduate studies. Additionally, a minimum of about 60 academic credits and some professional work experience are required.

These scholarships at DeGroote School of Business aim to remove financial barriers, enabling students to focus on their education and fostering a competitive environment that promotes excellence in the pursuit of an MBA.

HEC Montreal Scholarships:

HEC Montreal, established in 1907 as the first school of management, is a prominent Canadian business school situated in Montreal. Specializing in MBA programs for Canadian businesses, HEC Montreal is committed to supporting its students through various scholarship opportunities.

The school provides numerous scholarships annually, with eligibility often tied to students’ engagement in academic activities and coaching a team. To qualify for these scholarships, students are required to achieve a GMAT score of 630 or higher, with GRE scores equivalent to GMAT. Additionally, a competitive TAGE MAGE score of 300 or higher is considered.

HEC Montreal’s scholarships aim to recognize and reward students for their academic achievements and active involvement in the school community.

Sauder School of Business Scholarships:

The Sauder School of Business offers multiple financial aids and scholarship opportunities each year, benefiting both national and international students. The scholarship application process involves submitting required documents before the deadline. The awarded scholarship may be distributed in two equal installments per year or as a one-time payment.

Students may receive an entrance scholarship of up to $1,500. To be eligible, candidates must meet the university’s criteria, including submitting official test scores and unofficial transcripts in sealed envelopes or through secure electronic delivery.

These scholarships at Sauder School of Business aim to support deserving students financially, encouraging them to pursue their academic goals.

University of Alberta Scholarships:

Founded in 1908, the University of Alberta is ranked among the top 5 universities in Canada. The university offers scholarships to both national and international students pursuing an MBA degree. With a straightforward application process, the university has provided scholarships to over 40,000 students.

The University of Alberta offers two types of scholarships: one for students in need and another for talented individuals. The application process is simple, requiring essential documents, graduation, and under-graduation degrees, and passing an English proficiency test. International students can receive scholarships ranging from 8 to 9 thousand dollars for the four-year program.

These scholarships aim to make education accessible and support students financially in their pursuit of an MBA degree.

John Molson School of Business Scholarships:

Affiliated with Concordia University, the John Molson School of Business holds the distinction of being the first business school with AACSB accreditation. Students choose John Molson School for various reasons, including its diverse student body and faculty from over 150 countries.

With AACSB accreditation, the highest standard for business universities, and top global and national rankings, John Molson School is a preferred choice for business education. The campus, with its spacious building and student-friendly location, adds to the appeal of studying at this renowned business school.

These scholarships at John Molson School of Business aim to support students in an academically rigorous and globally diverse environment, fostering success in their business education journey.


Do we need to pass the English proficiency test before applying?

All the universities have different criteria. For example, some require IELTS or OET, while others do not require any language test. And some universities specify the scores as well to get the scholarship. So it is better to pass the test before applying because you will be applying to more than one university at the time of admission.

How to apply for scholarships in Canada?

Some universities have individual websites; you can check them out and apply within the timeline. Other universities fall under the MBA scholarships website, and when you fill out the application form, you will be asked about your preferred universities.

What are the eligibility criteria to apply for a scholarship?

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