Getting an MBA is very important, it allows you to gain business skills that are highly valued in today’s business world.
MBA curriculums are often comprehensive and therefore, cover a wide range of disciplines from finance, marketing, operations, and leadership, you get to learn it all.
In addition, MBAs also allow you to network with experts in different areas of business – this opportunity is invaluable.
The idea of an MBA is great, but, they don’t come cheap, the tuition fee for an average MBA program goes from CAD 15,000–CAD 55,000 per year.
That’s a lot of money for many students out there – not everyone can afford this amount.
The financial burden of an MBA program is a significant concern for many international students especially those who desire to complete their MBA program in Canada.
This is why an MBA scholarship is necessary – if you are interested in getting an MBA, a scholarship will reduce the cost for you.
Fortunately for everyone, many Canadian universities and colleges offer different fully-funded MBA scholarships that you can take advantage of.
Various institutions, organizations, and government bodies in Canada offer MBA scholarship opportunities to attract talented and deserving students to their MBA programs.
You can be one of such students if you wish to.
These MBA scholarships not only get you funding opportunities but also give you the chance to join an elite of students.
You will have the chance to work with different experts in the business space.
A fully funded MBA scholarship in Canada will cover not just your tuition fees but also your living expenses, travel costs and in some cases, health insurance.
It ensures you have nothing to worry about throughout your program. That’s amazing if you ask me.
Why choose Canada for your MBA?
One of the many reasons to choose Canada for your MBA program is the quality of education here, Canada is ranked fourth best country in the world to study just behind the United Kingdom, the United States and Australia by education.com
Studying in Canada will give you access to quality education, top-notch facilities and the chance to be taught by the best in the game.
There is also the opportunity to work part-time, if you wish to work during your studies, you can work for up to 20 hours a week, this is a nice opportunity to gain Canadian work experience and prepare for life after school.
In addition, you can stay back in the country after completing your studies – in Canada, you have the opportunity to apply for a PGWP after completing your program.
A post-graduate work permit allows you to work in Canada for up to three years after your studies, isn’t that great?
If you are interested in completing your MBA program in Canada, here are some fully funded MBA scholarships in Canada that you can benefit from.
Fully Funded MBA Scholarship in Canada
Before you apply for any of these MBA scholarships, you must be willing to complete your MBA program in Canada.
If you are outside Canada, you must be ready to travel to the country, lastly, there is absolutely no need to apply for any MBA scholarship in Canada if you do not meet its eligibility criteria.
Yes, each of these MBA scholarships has its eligibility criteria and you must meet them before applying. Ready for them?
Below are MBA scholarships in Canada that you can apply for
Rotman School of Management MBA Awards (University of Toronto)
If you are a fan of the University of Toronto, you may be aware of its Rotman School of Management – the school is very popular for its MBA program, and it offers many MBA awards.
The awards are aimed to attract top-notch students from all over the world.
The amazing thing about these awards is that they are merit-based, winners are picked based on their academic achievements, GMAT scores, and relevant work experience.
If you have enough leadership qualities and have engaged in any community service, you will also increase your chances.
These factors play a huge role in the selection process for these scholarships.
If you are a prospective MBA student, you should check out the Rotman School of Management’s official website by clicking here for more information.
You will find information about available awards, eligibility criteria, and application procedures.
Ivey Business School Scholarships (Western University)
Do you want a school that is known for its case-based learning approach? If yes, then you are right on the spot.
At Ivey Business School at Western University, learning isn’t about theories, it is based on case studies and real-life examples.
They also offer scholarships (which are awarded based on your academic excellence, leadership potential, and a track record of community involvement) to outstanding MBA candidates.
Will you be one of such outstanding candidates?
Before you submit your scholarship application to Ivey Business School, you need to know that the scholarship opportunities offered at Ivy are very competitive.
Of course, they produce some of the best business leaders in the world, so you don’t expect anything less.
Make sure you carefully review each scholarship’s specific eligibility criteria and application process.
You can always find that on the school’s official website.
Schulich School of Business Entrance Scholarships (York University)
Another school that offers entrance scholarships for MBA students is the Schulich School of Business at York University.
The MBA scholarship opportunities here emphasize factors such as academic excellence, professional achievements, and community service.
The purpose of the scholarship is to attract a high calibre of students from different countries of the world who have shown strong commitment to academic and extracurricular pursuits.
If you are in this category of students, you can visit the Schulich School of Business website for more information about the scholarship opportunities and how to apply.
Desautels Faculty of Management MBA Scholarships (McGill University)
McGill University is a popular university in Canada and its Desautels Faculty of Management has some scholarships for MBA students that you should be interested in.
Their MBA funding opportunities are based on merit and are intended to encourage students who show great academic achievements and potential for leadership in the business world.
If your academic grades speak for themselves and you have the potential to be a leader in the business space, this is a good opportunity to get the right funding for your education.
The scholarships are available for both domestic and international students, and the selection committee will consider a combination of your academic performance, GMAT scores, and professional experience.
If you are interested, you can refer to the Desautels Faculty of Management’s official website for every detail you need about the faculty, its student structure and of course, the scholarships they offer.
Sauder School of Business Fellowships (University of British Columbia)
The Sauder School of Business at the University of British Columbia offers fellowships and scholarships to support MBA students.
Just like other awards, Sauder School of Business fellowships and scholarships consider your academic achievements, leadership potential, and what you are ready to contribute to the business community.
To get more information about these scholarships, check out the official Sauder School of Business website for more details on available fellowships and scholarships.
Queen’s School of Business Scholarships (Queen’s University)
To recognise student’s excellent academic record, and contribution to the business community, Queen’s University School of Business offer various MBA scholarship to eligible students.
To qualify for their scholarship, you must be ready to complete your MBA program at Queen’s University and meet the academic requirements.
Their MBA scholarships target only students who have demonstrated exceptional abilities in both academic and extracurricular activities.
Each of their MBA scholarship has its specific eligibility criteria which you must meet before you start the application process.
You can check these eligibility criteria on the Queen’s School of Business official website.
Conclusion
If you have an interest in building a career in business, management and other related fields, getting an MBA in Canada will be a great idea and what’s a better way to complete your MBA program than through a scholarship?
You can explore these scholarship opportunities and apply to as many as you are eligible for.
You don’t get a fully funded MBA scholarship easily but if you meet the eligibility criteria, you stand a good chance to join a list of other elite business experts.
