The Top MBA Scholarships Available in Canada

Canada is known for its world-class education system, and its business schools are no exception. As
more international students choose Canada as their destination for higher studies, there has been an
increase in the number of scholarships offered by universities and organizations to attract top talent from
around the world.

MBA scholarships in Canada are designed not only to reduce the financial burden but also to recognize
and reward exceptional academic achievements and leadership skills.

The Top MBA Scholarships Available in Canada
The Top MBA Scholarships Available in Canada

Types of MBA Scholarships Available in Canada

  1. Merit-Based Scholarships:

These are the most common type of MBA scholarships available in Canada. They are awarded based on
academic excellence and/or professional achievements. Universities usually have their own set criteria
for determining merit-based scholarships such as GPA requirements, standardized test scores, or
previous work experience. Some examples of merit-based scholarships include The Richard Ivey School
of Business Scholarship at Western University and The Haskayne School of Business Scholarship at the
University of Calgary.

  1. Need-Based Scholarships:

These types of scholarships take into consideration a student’s financial need when awarding aid. This is
often determined through an assessment of the student’s family income and assets. Need-based
scholarships can be offered by both universities and other external organizations such as non-profit
foundations or private companies. One example is The RBC Women in Leadership Award at Simon
Fraser University which specifically supports female students with demonstrated financial need.

  1. Diversity Scholarships:

Many Canadian universities strive to promote diversity within their student population and offer specific
scholarships to support this goal. These may include awards for Indigenous students, international
students, or students from underrepresented communities within business schools such as women or
LGBTQ+ individuals. Examples include the Indigenous Business Education Partners (IBEP) Scholarship
at McGill University and The Toronto Region Immigrant Employment Council (TRIEC) DiverseCity
Fellowship at York University.

  1. Industry-Specific Scholarships:

Certain industries may offer targeted scholarship opportunities for MBA students interested in pursuing
careers in those sectors. For instance, The TD Bank Financial Group Aboriginal Entrance Award at

Dalhousie University supports First Nations students pursuing an MBA with a focus on finance or
management consulting careers.

  1. Women in Business Scholarships:

With the underrepresentation of women in business leadership positions, many organizations offer
specific scholarships to support and encourage women pursuing an MBA. Some examples include The
Forté Foundation Fellowships at various universities across Canada and The Women in Business
Excellence Entrance Award at McMaster University.

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Top MBA Scholarships Available in Canada

  1. Master’s Entrance Scholarship

The Master’s Entrance Scholarship is a prestigious merit-based scholarship offered by various
universities in Canada to attract top-performing students for their MBA programs. This scholarship aims
to support high-achieving individuals who have demonstrated exceptional academic performance,
leadership potential, and a commitment to making an impact in their chosen field.


To be eligible for the Master’s Entrance Scholarship, applicants must hold a bachelor’s degree from a
recognized institution with outstanding academic records. They should also have relevant work
experience and demonstrate leadership qualities through extracurricular activities or community
involvement. Additionally, candidates must meet the admission requirements of the respective university
where they are applying for the MBA program.

Amount and Duration:

The value of this scholarship varies depending on the university offering it, but it generally covers partial
or full tuition fees for one year. Some institutions also provide additional financial assistance such as
travel expenses or living stipends. The Master’s Entrance Scholarship is usually renewable upon
maintaining satisfactory academic progress during the first year of study.

Application Process:

To apply for this scholarship, candidates need to submit an application form along with supporting
documents such as transcripts, letters of recommendation, resume/CV, and a personal statement
outlining their achievements and future goals. Each university has its own application deadline and
process; hence applicants should carefully review all requirements before submitting their applications.

Selection Criteria:

The selection process for this scholarship is highly competitive, with only a limited number of awards
available each year. The selection committee evaluates applicants based on their academic excellence,
leadership potential through extracurricular activities or community involvement, professional
accomplishments, and diversity in background or experiences.


Receiving the Master’s Entrance Scholarship not only provides financial support but also opens doors to
networking opportunities with other high-achieving scholars. It also adds significant value to one’s
resume and can enhance career prospects by showcasing dedication towards academic excellence and
leadership skills.

  1. Fulbright Foreign Student Program

One of the most prestigious MBA scholarships available in Canada is the Fulbright Foreign Student
Program. This program offers fully-funded grants for international students to study at top universities in
Canada, including the University of Toronto and the University of British Columbia. The scholarship
covers tuition fees, living expenses, books and supplies, and travel costs. It also provides recipients with
an opportunity to participate in cultural activities and form connections with professionals in their field of

  1. Vanier Canada Graduate Scholarships (CGS)

Another prominent scholarship option is the Vanier Canada Graduate Scholarships (CGS), which is
funded by the Canadian government. This scholarship is open to both domestic and international
students pursuing doctoral studies in any discipline at eligible Canadian institutions. The Vanier CGS
awards recipients with $50,000 per year for up to three years, covering tuition fees and living expenses.

  1. Clean Energy Leadership Award

For those interested in pursuing an MBA specifically focused on sustainability or clean energy
management, the Clean Energy Leadership Award offered by Simon Fraser University could be a perfect
fit. This full-tuition scholarship aims to attract top talent from around the world who are passionate about
creating sustainable solutions for global challenges related to energy use and climate change.

5 The Women Entrepreneurship Scholarship

The Women Entrepreneurship Scholarship provided by Rotman School of Management at the University
of Toronto aims to support female students who aspire to become leaders in entrepreneurship.
Recipients receive up to $25,000 towards tuition fees for their two-year MBA program.

Eligibility criteria

Generally, the eligibility criteria for MBA scholarships in Canada include academic excellence, leadership
potential, financial need, and community involvement. However, there may be additional specific
requirements depending on the scholarship provider.

Academic excellence is one of the key factors considered by most scholarship providers. This includes a
strong undergraduate academic record, usually with a minimum GPA requirement. Some scholarships
may also require applicants to have completed specific courses or have relevant work experience in
certain fields.

Application process

Identify your eligibility
Research and shortlist scholarships by visiting university websites or use online databases like or to find relevant options.
Gather required documents
Prepare a strong application package
Submitting the application: Some scholarships may require online submission while others may ask for
hard copies through mail.
Prepare for interviews

  1. John Molson MBA International Entrance Award

The next scholarship on our list is the “John Molson MBA International Entrance Award” offered by
Concordia University’s John Molson School of Business. This prestigious award is designed to attract top
international students to pursue their MBA at Concordia University.

The scholarship offers a generous amount of $10,000 CAD to be applied towards tuition fees for the first
year of the MBA program. It is available exclusively for full-time international students who have been
accepted into the MBA program and have demonstrated exceptional academic performance in their
undergraduate studies.

Applicants must also demonstrate leadership potential, community involvement, and a clear motivation
for pursuing an MBA degree at Concordia University. The selection committee looks for well-rounded
individuals who not only excel in academics but also possess strong communication skills and a drive for

To apply for this scholarship, candidates must submit an online application along with relevant
documents such as transcripts, resume, and two letters of recommendation. Shortlisted candidates will
then be invited for an interview with the selection committee before final decisions are made.

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