Are you looking for an MBA program in Canada, but don’t have the financial resources to cover tuition and fees? Worry not! There are several scholarships and grants available to Canadian students pursuing an MBA degree.
In this blog post, we’ll be exploring the 10 best MBA scholarships in Canada that can help make your dream of getting an MBA to come true. From merit-based awards to need-based grants, we’ll cover it all. So keep reading to find out more about the best MBA scholarships in Canada and how you can apply for them.
1) Government of Canada Awards
The Government of Canada offers a variety of scholarships to help support the education of future business leaders. These awards include:
- Vanier Canada Graduate Scholarships: This scholarship provides up to $50,000 per year for up to three years of master’s or doctoral studies in any field at a Canadian university.
- Banting Postdoctoral Fellowships: This fellowship is designed to promote research excellence and provides up to $70,000 per year for two years to pursue postdoctoral studies in any field.
- Canada Graduate Scholarships: This scholarship program provides $17,500 for one year for master’s students and $35,000 for three years for doctoral students.
- Industrial Postgraduate Scholarships: This program provides up to $15,000 per year for up to three years of doctoral studies in science, technology, engineering, or mathematics.
- SSHRC Postdoctoral Fellowships: This program provides up to $35,000 per year for up to two years of postdoctoral studies in social sciences and humanities fields.
These awards are highly competitive and require strong academic performance and research potential. The application process can be complicated, so it is important to read the information provided on the official Government of Canada website carefully before applying.
2) CIBC International Student Scholarships
The CIBC International Student Scholarships are an excellent opportunity for students wishing to pursue a Master of Business Administration (MBA) degree in Canada. The CIBC program provides up to $10,000 CAD per year in scholarship funding for international students studying in Canada, and are available for up to four years.
Eligibility for this scholarship program is based on academic excellence and leadership qualities, including prior awards and recognition, involvement in extracurricular activities, community service, and volunteerism, and the potential for making a positive contribution to the field of business.
The application process for the CIBC International Student Scholarships includes an online form with a short essay component. Applicants must provide transcripts and supporting documents, as well as two reference letters. Successful applicants will be contacted by CIBC representatives and invited to attend an interview at their local branch.
With this generous scholarship, international students can take advantage of the world-class education Canada has to offer without breaking the bank. It’s a great way to make your dream of studying abroad come true!
3) RBC Royal Bank Scholarships
RBC Royal Bank offers a range of scholarships for MBA students in Canada. These include the RBC Royal Bank Scholarship, which provides up to $10,000 to pursue a full-time MBA degree program. The scholarship is renewable up to three times. Applicants must demonstrate exceptional leadership skills and financial needs.
The RBC Royal Bank Scholarship also includes mentorship support from senior RBC executives and exclusive access to professional development opportunities. Additionally, recipients have access to an exclusive network of industry contacts and resources.
The RBC Royal Bank Scholarships are open to Canadian citizens and permanent residents who are pursuing an MBA at one of Canada’s top business schools. Applicants must have a minimum GPA of 3.3 and demonstrate financial need.
4) TD Canada Trust Scholarships
TD Canada Trust Scholarships are offered to Canadian citizens or permanent residents who are enrolled in a full-time MBA program at an accredited Canadian university. The scholarships are valued at up to $20,000, and recipients must demonstrate academic excellence and leadership potential.
Applicants must have a minimum GPA of 3.0, provide two letters of recommendation from professors, and submit an essay describing their career goals and how the scholarship will help them achieve those goals.
Additionally, the applicant must be involved in extracurricular activities and community service. Recipients of the TD Canada Trust Scholarships must demonstrate financial need, and preference is given to applicants from rural communities.
5) Scotiabank Group Scholarships
The Scotiabank Group Scholarships offer up to $20,000 in funding to students pursuing a Master’s degree in business administration at an accredited Canadian university. The scholarship is available to students from any Canadian university who demonstrate financial need and leadership potential.
Recipients of the Scotiabank Group Scholarships are selected based on their academic record, the potential for leadership, demonstrated community involvement, and financial need. Eligible applicants must have maintained a minimum GPA of 3.5 in their undergraduate studies, and demonstrate a commitment to the field of finance or business management.
The Scotiabank Group Scholarships also provide unique professional development opportunities, such as internships and mentorships with experts in the field. The program also includes access to a network of alumni and professionals in the industry.
Recipients of the scholarship also receive exclusive invitations to events hosted by the Scotiabank Group.
The application deadline for the Scotiabank Group Scholarships is typically in May or June. For more information about eligibility requirements and how to apply, visit the Scotiabank Group Scholarships website.
6) HSBC Scholarships
HSBC is one of the world’s largest banking and financial services organizations, with operations in more than 65 countries and territories. Through their scholarship program, they are offering funding opportunities to help talented students realize their potential and pursue their studies.
The HSBC Scholarships program is aimed at helping students in Canada who are pursuing an MBA or another graduate-level degree.
The awards range from $5,000 to $25,000 and can be used to cover tuition fees, living costs, and other expenses associated with studying abroad. Eligible applicants must demonstrate excellent academic achievement, leadership qualities, and a commitment to community service.
To be considered for the HSBC Scholarships program, applicants must submit an online application.
As part of the application, applicants must include a statement of purpose that outlines why they want to pursue an MBA or other graduate-level degree, as well as a resume that demonstrates their qualifications and experience. Applications are reviewed by a panel of judges who consider academic achievements, leadership qualities, and commitment to service.
The HSBC Scholarships program is designed to help ambitious students who are driven to make a difference in the world. By providing financial support, HSBC helps make a graduate-level education more accessible and attainable.
7) Sun Life Financial Scholarship
The Sun Life Financial Scholarship is an amazing opportunity for MBA students in Canada. This scholarship is awarded to high-achieving students who have the potential to become future leaders in their fields.
The scholarship offers up to $2,000 for those studying at the University of British Columbia, University of Calgary, University of Ottawa, Queen’s University, and Dalhousie University. To be eligible, applicants must demonstrate financial need, leadership qualities, and a commitment to community service.
This award is renewable annually and can be applied to tuition fees, books, research projects, or other school-related expenses. Sun Life Financial Scholarships are a great way to support talented students in pursuing their academic goals.
8) Desjardins Caisse Scholarship
Desjardins Caisse is one of the leading providers of financial services and products in Canada. Their scholarship program offers financial support to MBA students who are enrolled in a Canadian university.
The Desjardins Caisse scholarship program is open to all full-time MBA students and consists of two awards:
The first award, the Desjardins Caisse Achievement Award, is a $5000 scholarship granted to a full-time MBA student who demonstrates excellent academic achievements and potential for future success. The second award, the Desjardins Caisse Recognition Award, is a $2500 scholarship granted to a full-time MBA student who demonstrates leadership in their field of study and the community.
In order to be eligible for this scholarship, applicants must meet all of the following criteria:
- Be a full-time MBA student at a Canadian university
- Have achieved a minimum overall average of 80%
- Demonstrate strong leadership skills
- Demonstrate an understanding of the values of Desjardins Group
- Be actively involved in their community
Applicants must also submit a 500-word essay detailing their leadership experience, how their current studies will contribute to their career development, and their plans to contribute to the Desjardins Group’s values.
Applications must be submitted by December 1st of each year.
The Desjardins Caisse Scholarship Program is an excellent opportunity for MBA students to receive financial support for their studies. With this scholarship, students can focus on their studies and gain experience that will help them build successful careers.
9) The James A. Gibson Scholarship
The James A. Gibson Scholarship is a great opportunity for Canadian MBA students looking to receive financial support for their education. It is offered by the MBA Association of Canada (MBAC) in partnership with the Chartered Financial Analyst (CFA) Institute.
This scholarship is available to all Canadian MBA students who are enrolled in the CFA Program, and they must demonstrate academic excellence and financial need.
The award amount is up to $10,000. The recipient must have achieved an undergraduate degree or higher with a cumulative GPA of 3.2 or higher and must be accepted or enrolled in a full-time program at an accredited university or college in Canada.
In addition to the monetary award, the James A. Gibson Scholarship also provides students with access to resources such as study materials, a mentoring program, and networking events. These resources are meant to help the recipient make the most out of their MBA program and get the most out of their educational experience.
This scholarship is a great opportunity for those looking to take their education to the next level, and it’s a wonderful way to receive financial assistance while doing so. If you are interested in applying for the James A. Gibson Scholarship, you can find more information on the MBAC website.
10) CFA Institute Scholarship
The CFA Institute Scholarship is one of the best MBA scholarships in Canada for those interested in pursuing a career in finance. The scholarship is awarded to students who have achieved an outstanding academic record and have been accepted into the CFA Institute’s Professional Education Program.
Awardees will receive up to $10,000 CAD in tuition assistance for their CFA studies. In addition to the financial support, recipients will receive exclusive access to webinars, online courses, and other resources designed to help them become successful finance professionals.
Eligible applicants must hold a bachelor’s degree or higher, demonstrate a commitment to ethical behavior and professionalism, and agree to be bound by the CFA Institute Code of Ethics and Standards of Professional Conduct.