2024/2025 List of Funded MBA Scholarship in Canada

Are you an international or Canadian student searching for means to have an MBA scholarship in Canada? Are you finding it hard to see low-tuition business Canadian universities? We want you to be happy that there are different MBA scholarships in Canada to acquire high-quality education at zero cost.

It is advisable to take your time to go through these different Canadian scholarships if you want to get the best from them. As a result, in-depth research will be ideal for getting the required information you want. International students from other developing and underdeveloped countries can be beneficiaries of the scholarship as long as they are eligible for it. It will be good to know the various types of MBA before you apply for Canadian scholarships.

Types of MBA in Canada

We have different types of MBA to suit international and domestic students with their various needs and interests:

  • MBA Full-Time:

If you are thinking of entering the labor force as a reputable leader, then you can consider MBA full-time MBA. You can learn about the various diversities occurring in the Canadian workforce. The time duration for the course is two years, and students can enroll for it as full-time. It is necessary to have a good score on a language test.

Read also: How to Apply for MBA Programs in Canada

  • MBA Part-time:

It is an excellent opportunity for students seeking employment while pursuing their master’s degrees. It requires more time (years) than the full-time MBA because some of the lectures might be during the weekend. For instance, a proper MBA program that will take you two years will become three to six years, but it depends on the course you are studying.

  • MBA for Executives:

It is another type of MBA for working-class students wanting to gain further work experience alongside classroom training. The MBA could last for 13 months and yield significant development for you.

Are there MBA Scholarships in Canada?

Yes, there are MBA scholarships for business students who are done with their bachelor’s degree and are searching for ways to push their education forward. If you are not financially stable, you can find these MBA scholarships in Canada to bring your dream of having an MBA degree a reality. We have several Canadian universities offering MBA scholarships.

These MBA scholarships in Canada can focus on either merit-based or need-based or merging of both. The need-based scholarship centers on students who show financial need, while the merit-based is for students with high academic performance. You might fall in between these needs to get a Canadian scholarship.

Read also: List of MBA in Canada Without work Experience

Benefits of Studying MBA in Canada

Studying MBA in Canada has numerous advantages, and a perfect example is the ability to acquire travel subsidies via the international student identity card. Besides this, we have other benefits:

  • High Quality of Education:

Many MBA programs offer international students a high-quality education, exposing them to different worldwide businesses. Also, they give numerous opportunities to compete for other prestigious scholarships.

  • Affordable Tuition Fee:

In terms of cost of living and tuition fee, enrolling for MBA in Canada is affordable compared to countries such as the United States, United Kingdom, Australia, etc. If you want to gain an MBA degree, you can consider migrating to Canada to acquire high education with an affordable tuition fee.

  • Global Ranking:

Many Canadian universities are ranking well in the University World Ranking System. Also, they have accreditations such as Academic Rankings of World Universities, QS Research, and Times Higher Education. These Canadian Universities have a high ranking that makes them outshine other universities.

Read also: Postgraduate Vs Graduate: What Difference Does it Make?

Methods of Getting MBA Scholarship in Canada

  • Have admission in any Canadian institution to study at master’s level
  • Register full time for two or more academic sessions
  • Have a valid study permit
  • Enrolled in a participating Ontario school

Basic Requirements for MBA Scholarship in Canada

When you are trying to apply for Canadian MBA scholarships, there are essential documents to have:

  • Previous undergraduate academic transcripts
  • Language proficiency test score
  • Proof of working experience
  • Two or three recommendation letters
  • Statement of purpose
  • Passport Photographs
  • Resume or Updated curriculum vitae
  • Visa

MBA scholarships in Canada

If you are lucky to be selected amongst successful applicants for an MBA scholarship in Canada, you can study throughout your MBA program without paying any money. In Canada, the tuition fee for an MBA degree ranges between $31,000 to $105,690. Also, you can add other things like living allowance, health insurance, accommodation, etc., and you will see your financial burden increase:

  1. Ontario Graduate Scholarship (OGS) Program:

It is a renowned Canadian scholarship funding graduate students at either master’s or doctoral level. Before you can get this scholarship, having an excellent academic result is essential because the founder offers it based on merits. Besides Ontario participating in the scholarship, we have others like the University of Windsor, Carleton University, York University, etc.

Read also: List of Top Colleges in Canada Without IELTS

  1. Rotman School of Management Scholarships:

It is discovered that about one-third of the international students enrolled in the University of Toronto get entrance scholarships, awards, and fellowships annually. It is one of the recognized MBA scholarships in Canada for students. It helps eliminate the financial burden for students seeking admission into Business schools.

  1. Sauder School of Business Entrance Scholarship:

Sauder School of Business is another business school offering MBA degrees to students. It has scholarships for international students with good grades to attract potential talents across the globe. If you are outstanding, you can be fortunate to get the Saunder School of Business Entrance Scholarship.

  1. Alberta MBA Scholarships:

Alberta University offers numerous MBA scholarships to international students in Canada. If you are an international student with solid needs for financial needs, you might be lucky to get the scholarship. The Alberta MBA scholarship can last throughout your MBA degree program, but you must meet the required score to renew it.

  1. Haskayne School of Business MBA Entrance Scholarships:

Over the years, international students have struggled to find funds to sponsor their education. As a result, the scholarship attracts outstanding students performing well academically in their given field.

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Frequently Asked Questions

Q: Is there a free MBA program in Canada?

A: The only way to enjoy a free MBA program is to obtain an MBA scholarship in Canada. You can apply for any of the scholarships in the article that fit your criteria, or you are eligible for.

Q: Is there a scholarship for MBA students?

A: Yes, we have scholarships for MBA students. Presently, we have different MBA scholarships in Canada, and they can be either merit-based or need-based.


The MBA Scholarship in Canada has opened room for international students to have an MBA degree in Canada. If you are sure you are qualified for the scholarship, you can apply and grab these Canadian scholarship opportunities.

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