Best MBA Scholarships in Canada 2023

There are several fully funded MBA scholarships available in Canada for international students who wish to pursue a Master of Business Administration degree. Some examples include:

  1. Vanier Canada Graduate Scholarships: These scholarships are awarded to doctoral students and are worth $50,000 per year for up to three years.
  2. BMO Financial Group MBA Scholarships: BMO Financial Group offers scholarships to MBA students at several Canadian universities, including the University of Toronto, the University of Western Ontario, and Simon Fraser University.
  3. MBA Scholarships for Women: Several universities in Canada offer MBA scholarships specifically for women, including the University of Toronto and the University of British Columbia.
  4. The Rotman School of Management Full-Time MBA Scholarships: The University of Toronto’s Rotman School of Management offers several full-tuition scholarships for students in their full-time MBA program.
  5. Schulich Leader Scholarships: is a prestigious international awards program that recognizes outstanding high school graduates from around the world who demonstrate leadership and financial need.

It’s worth noting that scholarship availability and requirements can vary greatly, so it’s a good idea to research the specific scholarships offered by the universities you are interested in attending.

You may also want to check the list of “Top MBA Universities in Canada

Use our Download Brochure option for getting free advise from our experts on MBA Canada universities

Can I get 100% scholarship for MBA in Canada?

It is possible to receive a full scholarship for an MBA program in Canada, but it is generally quite rare and competitive. Scholarships can be offered by the business school itself, by the government, or by private organizations. They may be based on financial need, academic achievement, leadership potential, or a combination of factors. To be considered for a scholarship, you will usually need to submit an application and additional materials, such as essays and transcripts. It is important to research the different scholarships available and apply to as many as you are eligible for to increase your chances of receiving one.

Which MBA offers most scholarships in Canada?

There is no definitive answer to which MBA program in Canada offers the most scholarships, as it can vary from year to year and depend on the specific qualifications of the applicants. However, some top MBA programs in Canada that are known to have a strong track record of offering scholarships include:

  • Rotman School of Management, University of Toronto
  • Schulich School of Business, York University
  • University of British Columbia, Sauder School of Business
  • University of Alberta, School of Business
  • Queen’s University, Smith School of Business

It’s worth noting that many MBA programs in Canada, including those listed above, offer a mix of scholarships and bursaries. Bursaries are financial awards based on financial need, whereas scholarships are awarded for academic or other achievements.

It’s always best to check the official website of the school you’re interested in and look for the financial aid option to see what scholarships are being offered and the criteria for them.

How much CGPA is required for fully funded scholarship?

The specific GPA requirements for a fully funded scholarship can vary depending on the institution and the scholarship program. Some scholarships may have a minimum GPA requirement, while others may not have any specific GPA requirement but may consider your GPA as part of their overall evaluation of your application.

Generally speaking, scholarships that are awarded based on academic achievement tend to have higher GPA requirements than those that are based on financial need or other factors. For example, some top MBA programs in Canada require a minimum GPA of 3.0 or 3.2 on a 4.0 scale, and a few even go higher as high as 3.5 or above.

It’s worth noting that even if your GPA is below the minimum required, you may still be considered for other scholarships or bursaries based on other factors such as leadership, community involvement, and professional experience. And also it’s always best to check the official website of the school you’re interested in and look for the financial aid option to see what scholarships are being offered and the criteria for them.

How much GMAT score is required to get scholarship in Canada?

The GMAT criteria for scholarships that are given out based on academic achievement are typically higher than those that are given out based on financial need or other considerations. For instance, several of Canada’s top MBA programmes require a minimum GMAT score of 600 or above. However, certain institutions might also have a range of scores that they take into account.

Additionally, it’s important to note that not all MBA programmes demand the GMAT. If you have a particular number of years of experience, as well as other academic achievements like a higher degree or other professional certifications, certain colleges will also waive the GMAT requirement.

Check out the top universities to do MBA without GMAT in Canada

Can an average student get full scholarship?

It is possible for an “average” student to receive a full scholarship, but it is generally quite rare and competitive. The term “average student” can refer to someone who has a decent academic record, but may not have particularly high grades or test scores. Scholarships are typically given out based on a number of criteria, including financial need, academic performance, leadership potential, or a combination of criteria.

However, there are also scholarships that are awarded based on financial need, which may be more accessible for students who have lower grades or test scores. Additionally, scholarships also may be awarded for other factors such as leadership potential, community involvement, or diversity.

It’s best to research the different scholarships available and apply to as many as you are eligible for. Even if you are not awarded a full scholarship, you may still be considered for partial scholarships or other forms of financial aid, which can still be helpful in paying for your education. Also, you can also check for schools or program specific scholarships or grants that are tailored for students with lower scores, but with potential and abilities to excel in their field of study.