Top 10 Fully Funded MBA Scholarship in Canada

Embarking on the journey to earn an MBA degree is a path filled with opportunities for personal and professional growth. 

Yet, the financial aspect of pursuing such a degree can be daunting for many. Fortunately, Canada, known for its diverse population, strong economy, and high standard of living.

Perhaps, it also boasts several fully funded MBA scholarship opportunities. These scholarships not only ease the financial burden but also enhance a student’s resume.

Thus, making them stand out in the competitive job market. Of course, pursuing an MBA is a strategic move for career advancement, offering a wealth of knowledge and skills essential for professional growth. 

However, the financial demands of an MBA program can be daunting. Luckily, Canada hosts a variety of MBA scholarships aimed at alleviating these costs, covering tuition, books, and other associated expenses. 

In this comprehensive guide, we’ll explore the top 10 fully funded MBA scholarships in Canada, focusing on their benefits, eligibility criteria, and application tips. 

These scholarships are designed to support a wide range of students, including those from underrepresented groups and international applicants, in achieving their educational and career ambitions.

Types of MBA Scholarships in Canada

Canadian MBA scholarships vary, the types includes:

  1. Merit-Based: Awarded for academic excellence, leadership, and extracurricular involvement.
  2. Need-Based: Aimed at students demonstrating financial need.
  3. Diversity Scholarships: Targeted at underrepresented groups, enhancing diversity within programs.
  4. Industry-Specific: For students pursuing an MBA with a focus on certain sectors like healthcare or finance.
  5. Region-Specific: For students from particular geographical areas.

Benefits of MBA Scholarships in Canada

Scholarships for MBA programs serve multiple purposes:

  1. Financial Relief: They significantly lower the financial barriers to pursuing an MBA, crucial for students without the means to afford the program independently.
  2. Enhanced Marketability: Earning a scholarship can distinguish a candidate in the competitive job market, signaling dedication and excellence in their field.
  3. Networking Opportunities: Many scholarships offer access to a network of alumni, industry professionals, and peers, providing valuable connections for career advancement.

Top 10 Fully Funded MBA Scholarship in Canada

There are several MBA scholarships available in Canada. Here are some of the top MBA scholarships:

1. The Vanier Canada Graduate Scholarships

Regarded as one of the most prestigious scholarships in Canada, the Vanier CGS is aimed at doctoral students, including those pursuing a combined MBA/PhD program. 

It offers CAD 50,000 per year for three years. While it’s primarily for doctoral studies, MBA students involved in significant research might qualify.

Eligibility Criteria:

  • Leadership skills and a high standard of scholarly achievement.
  • Enrolled in a combined MBA/PhD program.

2. The Pierre Elliott Trudeau Foundation Scholarship

This scholarship supports doctoral students in social sciences and humanities, which can include research-oriented MBA programs. 

It provides up to CAD 40,000 per year for three years, covering tuition, living expenses, and research costs.

Eligibility Criteria:

  • Outstanding academic record and leadership potential.
  • Research focus on areas of interest to the foundation.

3. The Schulich School of Business Scholarships

The Schulich School of Business offers numerous scholarships, including the Entrance Award, which covers full tuition for exceptional MBA students. The value can reach up to CAD 100,000.

Eligibility Criteria:

  • High academic achievement.
  • Leadership and community involvement.

4. The Joseph-Armand Bombardier Canada Graduate Scholarships

Targeted at doctoral students, including those in combined MBA/PhD programs, this scholarship offers up to CAD 35,000 per year for three years. It supports research in the social sciences and humanities.

Eligibility Criteria:

  • Academic excellence.
  • Enrolled in a research-focused combined program.

5. The Canadian National Scholarship Program

Open to both undergraduate and graduate students, this scholarship provides up to CAD 200,000 over four years, covering tuition, living expenses, and research costs. MBA students with exceptional academic records and leadership skills are encouraged to apply.

Eligibility Criteria:

  • Demonstrated academic excellence and leadership.
  • Canadian citizenship or permanent residency for some awards.

6. Rotman School of Management Scholarships

The Rotman School offers a range of scholarships for MBA students, including the Forté Foundation Scholarship for women. Scholarships cover full or partial tuition and are awarded based on merit.

Eligibility Criteria:

  • Academic excellence.
  • Leadership potential and community involvement.

7. Sauder School of Business Entrance Scholarship

The University of British Columbia’s Sauder School of Business offers entrance scholarships for MBA students, including international applicants. Awards are based on merit and can cover a significant portion of tuition fees.

Eligibility Criteria:

  • Outstanding academic achievement.
  • Leadership experience and potential.

8. Ivey MBA Scholarships

Ivey Business School provides numerous scholarships for incoming MBA students, including awards for academic excellence, leadership, and international students. Some scholarships cover the full cost of tuition.

Eligibility Criteria:

  • High academic achievement and GMAT scores.
  • Leadership and community engagement.

9. HEC Montréal MBA Scholarships

HEC Montréal offers scholarships for both Canadian and international MBA students. These scholarships recognize academic excellence, leadership, and professional achievements, covering partial to full tuition fees.

Eligibility Criteria:

  • Academic excellence.
  • Professional achievements and leadership potential.

10. Alberta School of Business Scholarships

The Alberta School of Business awards several scholarships to MBA students based on academic excellence, leadership, and community involvement. Awards vary, with some covering full tuition.

Eligibility Criteria:

  • High academic standing.
  • Demonstrated leadership and community engagement.

Application Tips for MBA Scholarships in Canada

  • Research Extensively: Begin by researching each scholarship’s specific criteria, deadlines, and application requirements. Tailor your application to reflect the qualities and achievements each scholarship values most.
  • Craft a Compelling Application: Highlight your academic achievements, leadership experiences, community involvement, and professional accomplishments. Use specific examples to demonstrate your impact and potential.
  • Seek Guidance: Don’t hesitate to seek advice from mentors, professors, or professionals in your desired field. They can offer valuable insights and feedback on your application.
  • Apply Early: Ensure you meet all deadlines by starting your application process early. This allows ample time for revisions and ensures you don’t miss out due to technicalities.


Securing a fully funded MBA scholarship in Canada requires dedication, exceptional academic and professional achievements, and a compelling application. 

These scholarships not only alleviate financial stress but also provide invaluable networking opportunities, enhancing your educational journey and career prospects. 

By following the tips outlined and meeting the eligibility criteria, you can increase your chances of earning a scholarship and embarking on a transformative MBA journey in Canada.

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