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Top MBA Scholarships in Canada 2024

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Canada is one of the most popular destinations for international students who want to advance their careers and gain a globally recognized degree. Canada offers a high quality of education, a diverse and multicultural environment, and a range of opportunities for professional development and networking. However, studying in Canada can also be expensive, especially for MBA programs. The average tuition fee for an MBA in Canada is around CAD 30,000 per year, not to mention the living expenses and other costs.

That’s why many students look for scholarships to help them fund their education and reduce their financial burden. Scholarships are a form of financial aid that does not need to be repaid and is usually awarded based on academic merit, leadership potential, or other criteria. There are many scholarships available for MBA students in Canada, both from the government and the universities themselves.

In this article, we will introduce you to some of the top MBA scholarships in Canada and how you can apply for them. These scholarships can cover a significant portion of your tuition fees and sometimes even provide additional benefits such as living allowances, travel expenses, or mentorship. If you want to learn more about these opportunities and how to increase your chances of winning them, keep reading. 

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1. Ontario Graduate Scholarship Program

If you are planning to pursue a master’s or doctoral degree in Ontario, you may be eligible for the Ontario Graduate Scholarship (OGS) Program. This program recognizes academic excellence in graduate studies and provides merit-based scholarships to students in all disciplines of academic study. The OGS awards are jointly funded by the Province of Ontario and the participating universities, including the University of Toronto, the University of Waterloo, and the Queen’s University.

To apply for the Ontario Graduate Scholarship, you need to meet the following criteria:

  • You must be a Canadian citizen, a permanent resident, or a protected person under the Immigration and Refugee Protection Act (Canada) by the student deadline. International students who have a valid study permit and are enrolled in an eligible program at a participating Ontario university can also apply for a limited number of OGS awards.
  • You must be registered or intend to register in a full-time program of study of two or three terms at a participating Ontario university leading to a graduate degree.
  • You must have a minimum average of 80% or equivalent in the last two years of full-time study or equivalent.

The value of the Ontario Graduate School is $5,000 per term, up to a maximum of $15,000 per academic year. The duration of the OGS award is one year (two or three consecutive terms) or two years (up to six consecutive terms), depending on the availability of funds and the academic performance of the recipient.

2. Haskayne Entrance Donor Scholarships

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Another option for MBA scholarships in Canada is the Haskayne Entrance Donor Scholarships offered by the University of Calgary, Haskayne School of Business. These scholarships are awarded to international students who demonstrate high academic achievement, GMAT scores, and leadership potential. If you are looking for an MBA scholarship in Canada for Indian students or other international students, this could be a great opportunity for you.

To apply for the Haskayne Entrance Donor Scholarships, you need to meet the following criteria:

  • You must be an international student who has been admitted to the full-time MBA program at the Haskayne School of Business.
  • You must have a minimum undergraduate GPA of 3.0 on a 4.0 scale or equivalent.
  • You must have a minimum GMAT score of 550 or equivalent.

The value of the Haskayne Entrance Donor Scholarships ranges from $1,500 to $20,000 per individual, depending on the availability of funds and the merit of the applicants. The scholarships are awarded based on prior academic success, including undergraduate GPA and GMAT scores. You do not need to submit a separate application for these scholarships, as you will automatically be considered when you apply to the MBA program. However, you should apply as early as possible, as the scholarships are awarded on a first-come, first-served basis.  

3. Ivey MBA Scholarships in Canada

If you are looking for a prestigious and rigorous MBA program in Canada, you may want to consider the Ivey Business School at Western University. Ivey is one of the leading business schools in Canada and the world, with a reputation for excellence in case-based learning, leadership development, and career placement. Ivey also offers generous scholarships to its MBA students, both domestic and international, based on merit and need.

To apply for the Ivey MBA Scholarships in Canada:

  • You must be admitted to the full-time MBA program at the Ivey Business School.
  • You must have a minimum undergraduate GPA of 3.0 on a 4.0 scale or equivalent.
  • You must have a minimum GMAT score of 600 or equivalent.

The value of the Ivey MBA Scholarships in Canada ranges from $10,000 to full tuition, depending on the availability of funds and the merit of the applicants. The scholarships are awarded based on prior academic success, including undergraduate GPA and GMAT scores, as well as other factors such as leadership potential, work experience, and diversity. You do not need to submit a separate application for these scholarships, as you will automatically be considered when you apply to the MBA program. However, you should apply as early as possible, as the scholarships are awarded on a rolling basis. 

4. Sauder School of Business Scholarship

The Sauder School of Business at the University of British Columbia is one of the top business schools in Canada and the world, with a strong focus on innovation, entrepreneurship, and social impact. The Sauder School of Business offers a variety of scholarships to its MBA students, both domestic and international, based on merit and need.

To apply for the Sauder School of Business Scholarship you have to meet these criteria:

  • You must be admitted to the full-time MBA program at the Sauder School of Business.
  • You must have a minimum undergraduate GPA of 3.0 on a 4.0 scale or equivalent.
  • You must have a minimum GMAT score of 550 or equivalent.

The value of the Sauder School of Business Scholarship ranges from $1,500 to full tuition, depending on the availability of funds and the merit of the applicants. The scholarships are awarded based on prior academic success, including undergraduate GPA and GMAT scores, as well as other factors such as leadership potential, work experience, and diversity. You do not need to submit a separate application for these scholarships, as you will automatically be considered when you apply to the MBA program. 

Conclusion

In this article, we have introduced you to some of the top MBA scholarships in Canada and how you can apply for them. These scholarships can help you pursue your dream of studying in one of the best business schools in the world and gaining a valuable degree that can boost your career prospects. However, getting these scholarships is not easy, as they are highly competitive and require excellent academic performance, GMAT scores, and leadership skills. Therefore, you need to prepare well in advance and submit a strong application that showcases your achievements, goals, and potential. Here are some tips on how to do that:

  • – Research the scholarship requirements and deadlines carefully and make sure you meet them.
  • – Write a clear and compelling personal statement that explains why you want to study in Canada, what are your career aspirations, and how the scholarship will help you achieve them.
  • – Highlight your academic achievements, work experience, extracurricular activities, and community involvement that demonstrate your suitability for the scholarship and the MBA program.
  • – Provide strong letters of recommendation from your professors, employers, or mentors who can vouch for your abilities and character.
  • – Prepare well for the GMAT exam and aim for a high score that matches or exceeds the scholarship criteria.
  • – Proofread your application and check for any errors or inconsistencies.
  • If you follow these steps, you will have a better chance of securing a scholarship that can make your MBA journey in Canada more affordable and rewarding.
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