Fully funded MBA Scholarships in Canada For Foreign Students 2023

Fully funded MBA Scholarships in Canada For Foreign Students 2023 – Canada has some of the best Master of Business Administration (MBA) programs in the world. A number of fully funded and university scholarships are available in the North American country.


Canadian universities attract students from all over the world for a variety of degree programs, but especially for advanced degrees like master’s and doctorates.

You may be surprised to learn that there is a good chance that you can get a scholarship to study in Canada.

There is a wide variety of financial aid opportunities available to international MBA students studying in Canada. Canada’s educational institutions provide financial aid to international students based on their academic performance, extracurricular activities, and immigration status.


The typical cost of obtaining an MBA in Canada is around $20,000. Some international students need help finding funding to meet this cost. Canada’s MBA scholarships typically cover between $10,000 and $20,000 in school fees.

Fully funded MBA Scholarships in Canada For International Students 2023

The rundown of MBA Scholarships on Canada for International Students is highlighted below:

1. UCW MBA Excellence Scholarship for Continuing Students

The MBA Excellence Scholarship is available to continuing students at UCW.

Scholarship for Master of Business Administration students.


You can submit your application for this award online at https://www.ucanwest.ca/admissions/awards-scholarships. Submissions received after the cutoff time will not be processed.

The due date is conditional.

University Canada West (UCW) in British Columbia, Canada offers a scholarship to continuing MBA students with a value of Partial Funding, Up to CAD 2,000.

Overall, both domestic and international students can apply for this award.

Eligibility for this Scholarship

  • UCW MBA Excellence Scholarship for Continuing Students is only available to current MBA students, both domestic and international, who have excelled academically during their MBA studies.
  • MBA students have completed at least 27 credits of MBA degree Tier 2 courses (MBA level 600 and higher).
  • Students must maintain a 3.60 cumulative grade point average in all MBA courses to stay eligible for the Scholarship and receive the tuition reimbursement.

2. Ivey MBA Scholarships in Canada

You should think about attending Ivey Business School at the University of Western Ontario because it has some of the most generous MBA scholarship offerings in Canada.


Listed below are the main points about the Ivey MBA Scholarships. Scholarship amounts vary widely, from ten thousand Canadian dollars to full tuition.

Eligibility for this Scholarship

  • Excellent professional experience, leadership ability, academic success, and good GMAT scores are selected criteria.
  • These eligibility criteria are completely based on merit and leadership attributes.

3. UCW Second Language Excellence Scholarship

UCW’s Student Assistance Program is a financial aid initiative for UCW students. Bachelor’s, Master’s, and MBA degree students studying Business Administration, Commerce, Business Communication, or the Arts are eligible for the Scholarship. To submit an application for the UCW Second Language Excellence Scholarship, please visit https://www.ucanwest.ca/admissions/awards-scholarships.

The application deadline is set by the event’s organizers. University Canada West awards a partial funding scholarship with a maximum value of CAD8,000 (UCW).

Interestingly, this grant is open to students from all over the world. This program includes bachelor’s, master’s, and MBA degrees.

Eligibility for this Scholarship

  • An international student applying should have an Academic IELTS overall score of 7.0 and a minimum of 6.5 in all bands are eligible to apply for the UCW Second Language Excellence Scholarship (or equivalent).
  • To be eligible for the second and subsequent award payments, scholarship recipients of the Undergraduate grant must maintain a GPA of 2.67.
  • To be eligible for the second and subsequent award payments, scholarship winners of the Graduate award must maintain a GPA of 3.0.
  • MBA, Bachelor of Commerce, Bachelor of Arts in Business Communication, or Associate of Arts students are eligible to apply.

4. AMBA 50th Anniversary Scholarship

Do you want to study in Canada but need financial aid? There are numerous opportunities for financial aid thanks to the AMBA 50th Anniversary Scholarships. They offer funding for graduate business students pursuing an MBA or Master of Business Administration.

All citizens are welcome to apply for a scholarship provided by the Association of MBAs (AMBA). The value of this scholarship, provided in a prorated fashion, is $8,333.

Eligibility Criteria for this Scholarship

  • AMBA 50th Anniversary Scholarships are only available to students preparing to join an MBA program at an AMBA-approved business school.
  • Criteria for selection include career advancement, academic competence, professional expertise, capacity to express ideas and experience, sustainable and entrepreneurial business concepts.

5. Rotman School of Management Scholarships (Fortà Foundation Scholarships)

Funding opportunities are available to MBA students at Rotman School of Management.


Nearly one-third of incoming Rotman School of Management students at the University of Toronto each year receive some form of financial aid, either in the form of an entry scholarship, fellowship, or grant.

The school offers one of the most competitive MBA scholarships in Canada to international students. The student aid programs are interesting because they remove monetary barriers to attendance at a business school for those who qualify.

Let’s take a closer look at the MBA International Scholarships offered by the Rotman School of Management in Toronto, Canada.

Eligibility for this Scholarship

  • One significant requirement for this school is through personal mentorship or community participation.
  • That implies that candidates must exhibit excellent leadership abilities and a commitment to women and girls.


Canadian universities offer a number of funding opportunities for MBA students. You will not be ignored if you are an international applicant. These scholarship programs are open to international students studying in the North American countries.

Our goal in compiling this list of the top MBA Scholarships in Canada for international students is to help you make an informed decision about which Canadian scholarship or fellowship program is right for you.

Popular MBA Scholarships in Canada

Some of the popular scholarships to study in MBA in Canada are tabulated below:

Scholarships Eligibility Award Amount in CAD
Women in Business Excellence Award Various categories including Certified WBE, Corporate member and Open to all Up to 10,000
Academic Achievement Scholarships at Haskayne School of Business Satisfactory UG GPA and GMAT score 23,000 in 1st year and 13,000 in 2nd year
Haskayne Entrance Scholarship Prior academic success including GMAT score and GPA 1,500-20,000
Ivey MBA Scholarships Academic performance, career ambitions, leadership orientation, community contribution and few related factors 10,000-65,000
Hari Varshney MBA Entrance Scholarship Preferably international students with excellent academic scores and aptitude Up to 50% tuition fees
Madhu Varshney MBA Entrance Scholarship International students demonstrating aptitude and academic merit Up to 50% tuition fees
Concordia Merit Scholarship Based on academic merit 10,000
MBA Admission Awards Full-time MBA students at Degroote School of Business are automatically considered 2,500-30,000 for both domestic and international students
MBA In-course and Entrance Scholarships Full-time MBA students at Degroote School of Business can apply for the scholarship 500-10,000
Ontario Graduate Scholarship Program Students enrolled in graduate studies in doctoral or master’s level at one of the 19 selected Ontario institutes 10,000 for 2 study terms, 15,000 for 3 study terms



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