Canada is one of the top destinations for international students pursuing an MBA. Known for its high-quality education, multicultural environment, and welcoming immigration policies, it offers exceptional opportunities for global learners. But one of the biggest challenges is the cost of an MBA program—which can range from CAD $30,000 to $120,000. Fortunately, there are numerous MBA scholarships in Canada for international students in 2025, designed to ease this financial burden.
In this guide, we’ll explore the best scholarship opportunities, eligibility criteria, how to apply, and tips to increase your chances of success.
Why Choose Canada for an MBA?
Before diving into scholarships, here’s why Canada is a great place for your MBA:
- Globally Ranked Business Schools: Institutions like Rotman (University of Toronto), Ivey (Western University), and Desautels (McGill) are recognized worldwide.
- Post-Graduation Work Permit (PGWP): Allows you to stay and work in Canada for up to 3 years after graduation.
- Permanent Residency Pathways: Many MBA graduates become eligible for PR under programs like Express Entry.
- Cultural Diversity: Canada is home to people from over 200 nationalities.
- High Employability: MBA graduates from Canadian schools are in demand across various sectors.
Top MBA Scholarships in Canada for International Students – 2025
1. Ontario Graduate Scholarship (OGS)
- Amount: CAD $5,000 per term (up to $15,000/year)
- Eligibility: Must be enrolled in a graduate program in an Ontario university.
- Application: Apply through your university (e.g., University of Toronto, York University).
- Deadline: Varies by institution.
2. Rotman Entrance Awards and Fellowships (University of Toronto)
- Amount: Ranges from CAD $10,000 to full tuition.
- Eligibility: Automatically considered upon admission. No separate application needed.
- Focus: Merit-based; strong GMAT score, leadership, and academics.
- Special Awards: Forte Fellowship for women; BIPOC Fellowship for underrepresented minorities.
3. Ivey MBA Scholarships (Western University)
- Amount: CAD $10,000 to $65,000
- Eligibility: High academic merit, GMAT score, professional experience.
- Deadline: Early applications have higher chances of larger awards.
- Note: Over 80% of Ivey MBA students receive merit-based funding.
4. Desautels Faculty of Management Scholarships (McGill University)
- Amount: Partial to full scholarships.
- Types: McGill Entrance Fellowships, Bursaries for International Students.
- Application: No separate application; assessed with MBA admission.
- Eligibility: International students with academic excellence and leadership potential.
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5. Sauder School of Business Scholarships (University of British Columbia)
- Amount: CAD $10,000 – $40,000+
- Notable Scholarships:
- Dean’s Entrance Scholarship
- International Talent Scholarship
- Responsible Business and Community Spirit Scholarship
- Application: Automatic consideration upon application to MBA.
6. Haskayne School of Business Scholarships (University of Calgary)
- Amount: CAD $10,000 – $20,000
- Types: Entrance awards, International Bursaries.
- Eligibility: Outstanding academic background and leadership.
- Application: Through MBA program; some may require additional forms.
7. Alberta MBA Scholarships (University of Alberta)
- Amount: CAD $15,000+
- Eligibility: Based on GMAT scores, academic achievements, and professional experience.
- Scholarship Types: Entrance awards, Graduate Research Assistantships.
- Deadline: Rolling, but early applications favored.
8. University of Manitoba Asper MBA Scholarships
- Amount: CAD $2,000 – $10,000
- Eligibility: Available for both Canadian and international students.
- Application: Via Asper School of Business MBA office.
Fully Funded MBA Scholarships in Canada (2025)
While rare, some programs offer fully funded MBA scholarships or external fellowships that cover full tuition and living expenses:
Vanier Canada Graduate Scholarships (for research-based MBA)
- Amount: CAD $50,000 per year for 3 years
- Eligibility: Students pursuing a research-oriented graduate degree (MBA with thesis).
- Deadline: Nomination through university required.
Trudeau Foundation Scholarships
- Amount: Up to CAD $60,000 per year
- Focus: Leadership, social engagement, and academic excellence.
- Eligibility: Graduate students in social sciences, business with a focus on impact.
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Eligibility Criteria for MBA Scholarships
While each scholarship has specific requirements, common eligibility criteria include:
- Admission to a Canadian MBA Program
- Strong Academic Record (usually GPA of 3.0+ or equivalent)
- Competitive GMAT/GRE Score (650+ for top programs)
- Leadership Experience
- Community Involvement or Volunteerism
- Work Experience (typically 2–5 years)
- English Language Proficiency (IELTS/TOEFL, if applicable)
How to Apply for MBA Scholarships in Canada
- Start Early: Begin researching scholarships at least 8–12 months before your MBA start date.
- Prepare Strong Documents:
- Resume/CV
- Statement of Purpose or Essay
- Letters of Recommendation
- Score Well on GMAT or GRE: High scores greatly improve scholarship chances.
- Highlight Achievements: Scholarships are competitive—showcase your leadership, impact, and goals.
- Apply to Multiple Programs: Different schools offer varying levels of support.
- Meet All Deadlines: Some scholarships are awarded on a rolling basis—apply early for the best chance.
Tips to Increase Your Chances of Getting an MBA Scholarship
- Apply Early: The earlier you apply, the more funding is available.
- Demonstrate Leadership: Many scholarships value leadership in work, academics, or the community.
- Write a Powerful Essay: Your story, goals, and motivation matter as much as your grades.
- Research Your School: Tailor your application to what each program values.
- Connect with Alumni or Admissions: Get insights to strengthen your application.
Cost of MBA Programs in Canada (2025 Overview)
| University | Tuition (Approx.) | Scholarship Range |
|---|---|---|
| Rotman (Toronto) | $90,000+ | $10,000 – Full Tuition |
| Ivey (Western) | $83,000 | $10,000 – $65,000 |
| Desautels (McGill) | $99,000 | $10,000 – Full Tuition |
| Sauder (UBC) | $70,000 | $10,000 – $40,000 |
| Alberta | $60,000 | $10,000 – $20,000 |
| Haskayne (Calgary) | $50,000 | $10,000 – $20,000 |
FAQ: MBA Scholarships in Canada – 2025
Q1: Can international students get full scholarships for an MBA in Canada?
Yes, while rare, some universities offer full tuition scholarships, especially for high-achieving international students.
Q2: Is the GMAT required for MBA scholarships in Canada?
Most top scholarships require a strong GMAT score (650+). Some schools waive it based on work experience or academic records.
Q3: Can I work while studying on an MBA scholarship?
Yes. International students can work up to 20 hours per week during semesters and full-time during breaks.
Q4: Do I need a separate application for scholarships?
Some scholarships are automatic with your MBA application, while others require separate forms or essays.
Q5: Are there age limits for applying to MBA scholarships in Canada?
No strict age limits, but most MBA students are in their mid-20s to late 30s.
Final Thoughts
Pursuing an MBA in Canada can transform your career—but it doesn’t have to break the bank. With the right planning and strong application, international students can access generous MBA scholarships in Canada for 2025. From entrance awards to fully funded fellowships, these opportunities not only reduce your financial burden but also open doors to top-tier education, global networks, and long-term career growth.
Call to Action
Start preparing your scholarship application today! Explore top Canadian MBA programs, compare scholarship offers, and take the first step toward your dream career in Canada in 2025.
Need help finding the right MBA scholarship or writing a winning essay? Contact a study-abroad advisor or reach out to the admissions office of your preferred university.