小优视频

The total cost of studying MBA in Canada ranges from CAD 40,000 to CAD 90,000 (INR 24 lakhs to INR 55 lakhs) depending on the university and location. This also includes your cost of living, depending on your living standards. Cities like Toronto and Vancouver are more expensive. The tuition costs and the living expenses are discussed below:

Tuition Costs 

The cost of studying at top MBA colleges in Canada ranges from CAD 25,000 to CAD 50,000. Some of the top B-schools and their average costs are as follows:

Cost of Living 

The average living cost in Canada for an international student can range from CAD 10,000 to CAD 15,000 (INR 6.15 lakhs to INR 9.25 lakhs) annually. These include rent, food, transportation, and other miscellaneous costs. A detailed overview of living costs in Canada is:

Considering an MBA in Canada? Schedule a free call with us and we’ll help you with the 101 Roadmap to an MBA in Canada!

Canada offers multiple MBA scholarships that help international students manage the high costs of studying. Scholarships like the Ontario Graduate Scholarship (15,000 CAD/9,00,000 INR) and Rotman School of Management Scholarships (up to 50,000 CAD/30,00,000 INR) cater specifically to outstanding students, making an MBA more accessible.

Here are the top scholarships for studying MBA in Canada:

The scholarships are discussed in detail below:

1. Ontario Graduate Scholarship (OGS) Program

International students can access the OGS program if they are enrolled in a master’s or doctoral program at a partner university. Partner universities for the Ontario Graduate Scholarship Program include Brock University, Carleton University, and York University. More details about the OGS program is as follows:

2. IGSES International Student Scholarship

This scholarship supports talented international students pursuing MBA programs in Canada. Offered by the University of Alberta, it provides financial assistance based on academic excellence, leadership, and community engagement. Recipients benefit from tuition fee reductions, fostering a diverse learning environment. 

3. MBA Foundation Study Grant

Designed for incoming MBA students, the MBA Foundation Study Grant covers the initial tuition costs. Offered by University Canada West (UCW), it supports students needing preparatory courses to transition smoothly into the MBA curriculum. Eligibility often includes academic merit, financial need, and program-specific prerequisites.

4. MBA Excellence Scholarship for Continuing Students

This scholarship rewards outstanding performance during MBA studies. It provides partial tuition waivers to graduate students who demonstrate academic excellence, leadership, and contributions to the campus community..

5. Haskayne Entrance Donor Scholarships

The Haskayne Entrance Donor Scholarships at the University of Calgary recognize exceptional MBA candidates who excel academically, demonstrate strong leadership potential, and actively engage in their communities. With awards of up to CAD 20,000 (INR 12 Lakhs) these scholarships support incoming students committed to academic and professional excellence. Applications are reviewed on a rolling basis.

6. Ivey MBA Scholarships in Canada

At Ivey Business School, you can apply for merit-based scholarships covering up to 50% of tuition fees. These awards recognize your exceptional academic performance and leadership potential.

7. Alberta MBA Scholarships

If you're considering the Alberta School of Business, a range of MBA scholarships awaits to support your ambitions. Entrance awards, merit-based scholarships, and funds for diverse student groups can reduce your financial burden. 

8. Sauder School of Business Scholarship

The Sauder School of Business offers merit-based scholarships.Awards range from CAD 10,000 to CAD 40,000 (INR 6 Lakhs to INR 24.15 Lakhs), depending on your  academic excellence, leadership, and community contributions. Special funding is available for candidates from underrepresented backgrounds, ensuring diversity and inclusion in their student body.

9. Forté Foundation Scholarships 

As a woman aspiring to lead in business, you can benefit from Forté Foundation Scholarships. These awards are offered in collaboration with top business schools and provide up to CAD 25,000 (INR 15 Lakhs). Beyond financial aid, you’ll gain access to exclusive mentorship, networking opportunities, and career development resources to fuel your MBA journey.

10. Joseph L. Rotman Scholarships 

Offered by the University of Toronto, this is one of the few full tuition waiver scholarships for an MBA in Canada. It is offered to students with an outstanding academic record and leadership potential.

Beyond the popular MBA scholarships, Canada also provides unique funding options such as the Emerging Leaders in Americas Program (ELAP) and government scholarships like the Global Affairs Canada Awards, making the MBA journey easier for Indian students.

Some other notable scholarships for MBA in Canada for Indian students include:

• Wigwamen Scholarship (CAD 2500 or INR 1.5 Lakhs)
• Thomas Beck MBA Award (CAD 5000 or INR 3 Lakhs)
• Sony of Canada MBA Scholarship - for second-year students (CAD 3000 or INR 1.8 Lakhs)

To apply for an MBA scholarship in Canada, you must identify the right opportunities, understand eligibility requirements, and prepare strong applications. Begin by shortlisting scholarships aligned with your goals, gathering documents like SOPs, transcripts, and recommendations, and ensuring you meet all deadlines.

To apply for MBA scholarships in Canada, follow these steps: 

Step 1: Visit the official website of the universities. 

Step 2: Read the eligibility criteria for the university scholarship. 

Step 3: Gather all necessary documents. 

Step 4: Take the required tests (GMAT, IELTS, or TOEFL). 

Step 5: Register and apply for the scholarship online. 

Step 6: Wait to hear back from the university

Scholarships are a great way to finance your MBA education in Canada. However, you must have noticed that the commonality of bagging a scholarship in Canada purely depends upon merit, GMAT scores, high GPA, work experience, etc. This means you will have to put in extra effort and make sure you achieve great scores in your undergraduate to get a scholarship successfully.  

Suggested: How to study MBA without work experience in Canada?

Although most MBA scholarships in Canada cover only a part of tuition, there are also 100% scholarships available for international students. Tailored essays and academic excellence can maximise your chances of obtaining fully-funded opportunities like the Vanier Canada Graduate Scholarship (50,000 CAD/30 Lakhs INR), and many other scholarships!

• Demonstrate Academic Excellence: Maintain a high GPA (above 3.5 or 80%) and strong GMAT/GRE scores. Academic excellence is a key criterion for most scholarships.
• Craft a Winning Statement of Purpose (SOP): Highlight your achievements, career goals, and why you’re an ideal candidate for the scholarship. Craft your SOP to align with the scholarship’s objectives.
• Show Leadership and Community Involvement: Include experiences that demonstrate leadership, volunteer work, or impactful contributions to society.
• Get Excellent Recommendations: Obtain recommendation letters from professors or employers who can vouch for your capabilities and character.
• Apply Early and Widely: Increase your chances by applying to multiple scholarships and ensuring all deadlines are met.
• Use Networking and Guidance: Leverage connections with alumni or consultants like 小优视频 to strengthen your application.

Navigating the world of MBA scholarships in Canada can be overwhelming, but with the right guidance, you can maximise its outcome. Our personalised approach will ensure you receive the best funding for your MBA. No matter your financial concerns, 小优视频 Premium is here to help you take the next step toward an MBA in Canada. With more than 10,000 success stories, let us guide you through the process and set you up for success in Canada!