If you are considering an MBA in Canada it can be a good move for your career but yeah, it is not cheap. The good news?
The good thing is that there is a lot of scholarship money that students can access provided they make the correct search.
We have however spared you the trouble and compiled a list of the top 10 MBA scholarships in Canada that might just make your business school dream come through.
As a result, there are many opportunities across the country depending on the programs and for all types of individuals.
So, roll up your sleeves, make yourself comfortable, and let me take you over the types of MBA scholarships that you can use to lighten your wallet and gain the right push to achieve success.
Canada Offers MBA Scholarships
There are some first-class MBA Learning Centers in Canada, and many of these universities afford fairly appreciable scholarship awards to students from all over the world. They are useful to both international students and residents of Canada since they minimize financial pressures towards attaining an MBA.
1. Ontario Graduate Scholarship (OGS)
The Ontario Graduate Scholarship (OGS) is an award which has been developed with the Government funding help that is targeting those individuals who show great academic accomplishment. It affords aid to graduate students in vitality and other areas such as business. Ontario MBA students can make an application for this scholarship which can fund as much as $15,000 per year. Candidates must be in good academic standing and be a student in one of the participating universities in Ontario.
2. Lester B. Pearson International Scholarship
The Lester B. Pearson International Scholarship is among the best recognized scholarships for worldwide students in Canada. Despite this, some MBA programs at certain universities/colleges come with versions of this scholarship for mainly undergraduate students. It includes tuition fees, books, as well as personal needs of the students who are great leaders in the classroom, and have a high academic standing.
3. Rotman School of Management MBA Awards
The Rotman School of Management, a part of the University of Toronto, has a number of scholarships and awards available for MBA students. Some of these are Merit based scholarships such as: The Rotman Entrance Awards/Scholarships offered to students who possess leadership and academic excellence. Basically, need and merit based are the two factors used in offering these scholarships.
4. Alberta MBA Scholarships
The University of Alberta currently has the following MBA scholarships; Alberta MBA Leadership Scholarship. These awards are open for domestic and international students to apply for. Alberta School of Business scholarships are open to identify students with leadership ability and academic performance, they provide scholarships of $1,000 to $10, 000.
5. Ivey Business School Scholarships
Ivey Business School of Western University provides many scholarships to the MBA degree students out there. There are others such as the Ivey MBA Scholarships which is tenable on merit, leadership and professional performance. The scholarships are usually in the range of tuition fees, meaning that they are highly competitive. Ivey also gives various forms of financial assistance to the students that need it.
6. Schulich School of Business Scholarships
Schulich School of Business at York University provides a vast number of MBA scholarships which include Schulich Leader Scholarships. These scholarships are granted for achievement, leadership, and Scholars for economically demonstrated need. The scholarships may cover a significant portion of the costs of the MBA program, that is why Schulich attracts students with financial needs.
7. Desautels Faculty of Management Scholarship
MBA entrance awards are among the scholarships offered to MBA students at McGill University’s Desautels Faculty of Management. These are based on merit and a student’s ability to lead other students in positive causes. A student diversity is one of the goals of the Desautels Faculty, and the below scholarships can help reduce the cost of an MBA.
8. Sauder School of Business Scholarships
UBC Sauder School of Business provides many MBA scholarships to students as follows: Sauder’s scholarships are offered depending on merit, leadership, and community engagement. The scholarships given come in different amounts whereby some may cater for a large sum of the tuition fee. These scholarships put Sauder at the forefront of business schools for students who want to receive financial aid.
9. Scholarships at HEC Montreal
HEC Montreal which is a leading business school in Canada provides different MBA scholarships. These awards are based on successful academic performance, leadership abilities and activities in the community. HEC Montreal is committed to ensure that it admits the best brains in the world and its scholarships are open to both national and international students.
10. Simon Fraser University MBA Entrance Scholarships
Scholarships for MBA students are available when entering Simon Fraser University and these are given to those students with leadership promises and good academic performance. The scholarships are available to the domestic as well as the international students and in terms of value they differ. These scholarships are meant to recruit students who will bring much value to the university’s business population.
Tips on Applying to MBA Scholarships
Here are some tips for you to apply for MBA scholarships in Canada.
1. Undergo Thorough Research
It is important that anyone who is seeking a scholarship should first carry out a research on the available scholarships. Every scholarship is unique in terms of eligibility, date of application, and materials of application. The tips that are related to job searching are Ensure that is clear about what is expected from applicants and make sure one fulfills all the requirements.
2. Presentation of Accomplishments
So there is nothing wrong with promoting oneself, selling oneself – it is, in fact, fundamental. Be proud of what you have done, but make sure it is in regards to the requirements for the scholarship. Try to use specific anecdotes and, where appropriate, put numbers behind your accomplishments. Just remind yourself that you are actually painting a picture of why you are the best.
3. Tailor Your Application
One size doesn’t fit all. Make your application unique for every scholarship that you wish to apply for. Look at what they are seeking and ensure that your narrative echoes what they appreciate. Yes, it is tiresome, of course, but it may be the make or break factor in getting that scholarship versus leaving a parent’s wallet empty.
4. Establish Strong Recommendations
A good recommendation letter can do wonders in helping to boost your scholarship application. Find people in your life who know you well enough to write letters of recommendation about your skills, leadership and academic performance.
Conclusion
Gaining an MBA scholarship in Canada is not a piece of cake but this is definitely not a dream that is very hard to chase. A little hard work, some planning, a pinch of confidence, and you too could be on your way to financing your business school education.
Bear in mind, each scholarship you fill is your opportunity to ease your burden of costs. Therefore, open wide that dopamine and make your application shine as you go for the chase.
Who knows? By this time next year, you could be applying to MBA programs in Canada with a nice scholarship to fund your education. It is available – it is about time you grab it.
