Canada is one of the most popular destinations for international students who want to pursue a Master of Business Administration (MBA) degree. Canada offers a world-class education, a multicultural environment, a high quality of life, and a pathway to permanent residency. However, studying an MBA in Canada can also be expensive, with tuition fees ranging from CA $30,000 to CA $100,000 per year.
Fortunately, there are many scholarships available for MBA students in Canada, both from the government and from the universities. These scholarships can help you reduce your financial burden and make your MBA dream come true. In this article, we will introduce you to some of the best MBA scholarships in Canada and how to apply for them.
Ontario Graduate Scholarship Program
The Ontario Graduate Scholarship Program is a government-funded scholarship that supports graduate students in all disciplines of academic study. The scholarship is valued at CA $15,000 per year and is renewable for up to three years. To be eligible, you must:
- Be a Canadian citizen, a permanent resident, or a protected person
- Be enrolled or plan to enroll in a full-time graduate program at an eligible Ontario university
- Have a minimum of 80% average in each of the last two completed years of study
- Demonstrate academic excellence, research potential, and leadership skills
To apply, you must submit an online application through the Ontario Universities’ Application Centre (OUAC) and provide supporting documents such as transcripts, references, and a research proposal. The application deadline is usually in December for the following academic year.
Rotman School of Management Scholarship
The Rotman School of Management at the University of Toronto is one of the top business schools in Canada and the world. It offers a variety of scholarships for MBA students, ranging from CA $10,000 to CA $100,000. Some of the scholarships are:
- Rotman School Entrance Scholarship: This is a merit-based scholarship that is awarded to outstanding applicants who demonstrate academic excellence, professional achievements, and leadership potential. The scholarship value varies from CA $10,000 to CA $100,000 and is automatically considered for all applicants.
- Rotman School Women in Business Excellence Award: This is a scholarship that is designed to support female MBA students who have demonstrated leadership and impact in their professional or personal endeavors. The scholarship value is CA $20,000 and is awarded to up to 10 recipients per year. To apply, you must submit an essay on how you have contributed to the advancement of women in business.
- Rotman School Forté Fellowship: This is a scholarship that is offered in partnership with the Forté Foundation, a non-profit organization that aims to increase the representation of women in business leadership. The scholarship value is CA $20,000 and is awarded to up to four female MBA students per year who have shown exemplary leadership and commitment to women’s issues. To apply, you must be nominated by the Rotman School and submit a Forté application.
Schulich School of Business Scholarships
The Schulich School of Business at York University is another leading business school in Canada and the world. It offers a number of scholarships for MBA students, based on academic merit, financial need, diversity, and social responsibility. Some of the scholarships are:
- Schulich Leader Scholarship: This is a prestigious scholarship that is awarded to up to 50 MBA students per year who have demonstrated exceptional leadership, innovation, and entrepreneurship. The scholarship value is CA $20,000 per year and is renewable for up to two years. To apply, you must submit a video essay on why you are a Schulich Leader and how you will make a difference in the world.
- Schulich Foundation Scholarship: This is a generous scholarship that is awarded to up to 10 MBA students per year who have demonstrated outstanding academic achievement, financial need, and community involvement. The scholarship value is CA $60,000 per year and is renewable for up to two years. To apply, you must submit an online application and provide supporting documents such as transcripts, references, and a personal statement.
- Schulich Emerging Markets Scholarship: This is a scholarship that is designed to support MBA students who are from or have an interest in emerging markets. The scholarship value is CA $15,000 per year and is renewable for up to two years. To apply, you must submit an essay on how you will contribute to the development of emerging markets through your MBA studies and career.
Sauder School of Business Scholarships
The Sauder School of Business at the University of British Columbia is one of the most innovative and international business schools in Canada and the world. It offers a range of scholarships for MBA students, based on academic excellence, professional experience, and personal qualities. Some of the scholarships are:
- Sauder School Entrance Scholarship: This is a merit-based scholarship that is awarded to up to 20 MBA students per year who have demonstrated exceptional academic performance, work experience, and leadership potential. The scholarship value is CA $10,000 to CA $40,000 and is automatically considered for all applicants.
- Sauder School Women in Business Scholarship: This is a scholarship that is aimed to support female MBA students who have shown leadership and impact in their professional or personal endeavors. The scholarship value is CA $10,000 to CA $20,000 and is awarded to up to 10 recipients per year. To apply, you must submit an essay on how you have advanced the role of women in business.
- Sauder School International Student Scholarship: This is a scholarship that is offered to MBA students who are not Canadian citizens or permanent residents and who have demonstrated academic excellence, cultural diversity, and global perspective. The scholarship value is CA $10,000 to CA $20,000 and is awarded to up to 10 recipients per year. To apply, you must submit an essay on how you will enrich the learning experience of your classmates and the Sauder community.
Conclusion
As you can see, there are many opportunities to get an MBA in Canada with a scholarship in 2024. However, you need to start preparing early, as the competition is high and the deadlines are tight. You also need to have a clear goal, a strong profile, and a compelling story to stand out from the crowd. If you need help with your MBA application, you can contact us at Copilot. We are a team of experts who can assist you with writing, editing, and optimizing your essays, resume, and other documents. We can also provide you with feedback, tips, and guidance on how to ace your MBA interviews. With our help, you can increase your chances of getting admitted to your dream MBA program and securing a scholarship. Don’t wait any longer, get in touch with us today and let us help you achieve your MBA goals.