Scholarship For MBA In Canada: Guide For Indian Students

While Canada may be one of the most sought-after destinations for international students, studying there requires you to have good financial backing. Studying for an MBA in Canada can be costly and set you back by INR 6 to 12 lakh or more, which can be a significant outflow for most of us. Thankfully, several organisations and government-run programs enable you to get financial aid in the form of scholarships for an MBA in Canada. In addition, there are some university-specific offerings, too, that will allow you to reduce the overall financial outflow.

This article discusses everything you need to know about Scholarships for MBA in Canada for Indian students.

Most Popular Scholarships for MBA in Canada

Listed below are all the popular scholarships for MBA in Canada options for Indian students looking to study abroad:

Rotman School of Management Scholarships

One in every three Rotman School of Management at the University of Toronto receives Entrance Scholarships, Monetary Awards, and Fellowships every year. The Rotman School of Management Scholarships awards are a tryst to enable bright students to get the best resources to shine in the MBA field. Here are the scholarships available –

1. Rotman Entrance Awards and Fellowships

• Value Offered
• Eligibility
• Deadline

Five Women in Business Excellence Awards valued at CAD 10,000 Two Morning MBA Excellence Awards valued at CAD 20,000 Students fulfilling MBA requirements and admitted to the Rotman School of Management are eligible for scholarships, awards, and fellowships. It also includes scoring the requisite marks in the TOEFL/IELTS tests to prove their English competency, GMAT scores as required, and the interview round. All interested applicants must apply by November to be considered for tuition fee support for the upcoming sessions under the Rotman School of Management.

2. MGA/MBA Awards Rotman Schools of Management also offers MGA/MBA Awards scholarships to eligible students.

• Value Offered
• Eligibility
• Deadline

The scholarship covers tuition fees for MBA up to CAD 30,000. It is offered to the top prospects in the MBA programme. Candidates pursuing MBA studies can apply for the MGA/MBA Awards by November.

3. Forté Foundation Scholarships MBA students with superior leadership skills can apply for the Forté Foundation Scholarships in Canada. In addition, individuals who focus on personal mentorship or community involvement to help girls improve can also avail of this Scholarship For MBA In Canada.

• Value Offered
• Eligibility
• Deadline

The scholarship provides assistance to the tune of CAD 40,000. Individuals committed to mentoring women and girls Individuals with impeccable leadership qualities Like with other Rotman School of Management scholarships, November is the deadline for Forté Foundation Scholarships.

Ontario Graduate Scholarship (OGS) Program

The Ontario Graduate Scholarship (OGS) Program is one of the most sought-after scholarship options for MBA students. It is a merit-based offering that supports top colleges in the Ontario region.

Participating Members

1. University of Windsor
2. University of Waterloo
3. Carleton University
4. York University

• Value Offered
• Eligibility
• Deadline

The OGS program funds up to CAD 5,000 per term to a limit of CAD 15,000 per academic year. The applicant should be enrolled in MBA on a full-time or a part-time basis and should be a part of the eligible Canadian universities. MBA fellowship aspiring Indian applicants can start applying for the OGS Program beginning in October. Deadlines depend on the college you are applying to for MBA studies.

Sauder Schools of Business Entrance Scholarship

Sauder School of Business has numerous scholarship programs for Indian and other international students to ensure that these potential talents in the MBA field get to complete their degrees with ease. Here are the scholarships for MBA in Canada that it manages –

1. Accelerated Career Scholarship Accelerated Career Scholarship is for candidates who showcase outstanding career potential and superior leadership skills.

• Value Offered
• Eligibility

The scholarship amount ranges between CAD 5,000 and 10,000. There is a proven way of selecting eligible candidates for the Accelerated Career Scholarship. It includes a combination of GPA scores, GMAT/GRE, TOEFL/IELTS, and more. It can also require applicants to go through an interview and prepare essays.

• Deadline

Candidates do not require to apply for Accelerated Career Scholarship separately. Instead, if you get admitted to the University of British Columbia, you will automatically be eligible.

2. Global Business Leader of Tomorrow Scholarship The Global Business Leader of Tomorrow Scholarship is an ideal option for applicants of the MBA program who can be future leaders and potentially impact Sauder’s global brand name and value in the long run.

• Value Offered
• Eligibility

Applicants planning to pursue MBA studies can get financial aid of up to CAD 10,000-15,000 under this program. Candidates need to have the requisite scores, such as GPA, GRE/GMAT, TOEFL/IELTS, and, as mentioned, to be eligible to be a part of the Global Business Leader of Tomorrow Scholarship. In addition, there can be other needs too, such as transcripts of all the previous exam results duly translated into English.

• Deadline

This scholarship requires no separate application, and all those admitted to the Sauder School of Business are eligible to get financial aid under this program.

3. Ivey School of Business Ivey School of Business also runs a similar program for aiding its MBA applicants in the form of Ivey MBA Scholarships, inarguably the most extensive merit-based scholarship funding in Canada.

• Value Offered
• Eligibility
• Deadline

The value of financial aid ranges between CAD 10,000 to half tuition fees. Ivey MBA Scholarships are available for students with impeccable leadership qualities and have the requisite exam scores to back them up. The Ivey business school accepts applications twice a year, with deadlines during November and January.

Alberta MBA Scholarships

The Alberta School of Business at the University of Alberta runs a series of student awards in the form of international scholarships to students with the requisite merit but who need financial aid to complete their MBA studies.

Listed below is its most popular Scholarship For MBA In Canada –

AIMCo MBA Awards The AIMCo MBA Awards are offered to full-time MBA degree students specialising in Finance.

• Value offered
• Eligibility
• Deadline

It provides financial aid to the tune of CAD 10,000 to eligible candidates. MBA aspirants with high academic achievements, the requisite GMA score, and proven excellence outside the classroom stand the best chance to participate in this scholarship. Any applicant admitted to the Alberta School of Business can participate in the AIMCo MBA Awards.

Schulich School of Business Scholarships

Indian students at Schulich School of Business have a number of scholarships to choose from for funding their MBA education. These can be in the form of entrance scholarships or continuing student awards. Entrance Scholarships (offered to full-time students at Schulich based on their merit and academic performance)

• Seymour Schulich MBA Entrance Scholarship (CAD 24,200)
• Tanna H. Schulich MBA Entrance Scholarship (CAD 24,200)
• Robert Krembil Scholarship of Merit (CAD 33,000)
• Scotiabank Scholarships in International Business (CAD 20,000)

Continuing Student Awards (offered to students based on academic performance and specific criteria)

• Sony of Canada MBA Scholarship (CAD 3,000)
• The Thomas Beck MBA Award (CAD 5,000)
• Wigwam Scholarship (CAD 2,500)
• Carol Anne Letheren Women’s MBA Awards (CAD 3,000)

Conclusion

Canada is inarguably one of the best places to study MBA globally. While the education facilities in the country are excellent, its scholarship programs are top-notch too and aid a lot of bright students. It is why students from India and the United Kingdom, France, the United States, and other countries wish to get into one of its top colleges for MBA. At LeapScholar, we, too, help students understand their prospects of landing admission among the best MBA schools in Canada. We have a team of experts who are consistently looking for ways to help students progress in their academic careers.

Click here to book a free counselling session with LeapScholar today.

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