A master’s in Business Administration, MBA as it is widely known, is a postgraduate degree that provides theoretical, practical training with a focus on leadership and management skills. MBA Course is a program that open students’ eye to a new world of opportunities where necessary skills are gained to deal with real-world business challenges. Studying MBA in Canada can be the biggest dream ever, a life changing opportunity for anyone who’s chosen to study in Canada. Canada gives you more than just one reason to pursue your MBA. To study MBA in Canada, the average tuition fee ranges between $30,000 – $40,000 which is affordable than other any countries abroad
Types of MBA Study Programs in Canada
- Full-Time MBA: The duration of the programme is a one-two years where the students can choose to study full-time. This also brings the business insights from the top world-class with an opportunity to work with global industry leaders. They are exposed to different field of study, integrated curriculum, international courses and others.
- Part-Time MBA: This programme takes longer duration than full-time MBA. This type of programme is better for working professionals who are willing to complete their degree while working part-time.
- Executive MBA: This programme is designated for students who plan to work while studying in Canada and want to learn the practical knowledge along with the classroom experience. The duration of the class is 13 months and more resource than other types.
Eligibility Criteria to Study MBA in Canada
These are the common requirements from any choice of institution:
- Bachelor’s degree in any discipline from a recognized institution. Most institutions ask for a 4 year bachelor’s degree while some require a 3 year degree.
- Relevant work experience of 3-5 years in any related field. 12 months of work experience is the minimum requirements.
- Minimum IELTS scores for Canada is 6.5 for overall and 6.0 per module.
- A GMAT score of 500 – 700 out of 800 is required for admission.
Here’s a List of MBA Scholarships in Canada for International Students.
1. Rotman School of Management Scholarships
The Rotman School of Management is one of the best MBA programs in Canada. The school is affiliated with the University of Toronto. It is located in Canada’s commercial and cultural capital, you will also get to experience life in one of the best cities in the world. The Rotman School of Management has nine different business programs that you can choose from, depending on where you are in your career. The school has allocated over $6 million for financial aid for Rotman applicants. Scholarship amount ranges from 10,000 CAD to 40,000 CAD.
2. Schulich School of Business Scholarships
The Schulich school offers over 17 different courses for you to choose from. Schulich is also one of the first business schools to design a degree for Business Analytics. They offer two kinds of scholarships: Entrance Scholarships and Continuing Student Awards. Scholarship amount: Entrance scholarships range from 20,000 CAD to 33,000 CAD. Continuing Awards are anywhere between 2,500 CAD to 5,000 CAD.
3. Alberta MBA Scholarships
Alberta is one of the leading schools of business education and research in Canada, it offers Master’s programs including a Master’s in Business Administration, Master’s of Accounting, and a Master’s of Financial Management. At alberta, the Scholarship amount ranges from CAD 8,000 to CAD 27,000 per annum.
4. IVEY MBA scholarships
The Ivey Business School affiliated with Western University. . The School has five different programs at the graduate level, including a research-oriented doctoral programme, where you will be awarded a Ph.D. There is also have a specialised course in Management in Analytics, which is significant in today’s data-driven world. The selection is usually tough because it only merit based. The scholarship amount ranges from 10,000 CAD to half of the tuition fee.
5. Haskayne School of Business Scholarships
The Haskayne School of Business offer programs such as Master of Management, Master of Business Administration, Executive MBA, Doctor of Business Administration, Ph.D. in Management, and other certificate and Diploma courses. The Scholarship amount ranges from 3,000 CAD to 17,000 CAD during the academic year.
6. Ontario Graduate Scholarship Program
The Ontario Graduate Scholarship program is a governmental fellowship instituted in the province. Applicants enrolled in Western University, University of Ottawa, Carleton University, York University, University of Toronto, and a few others can apply for the OGS fellowship. The scholarship amount for 5,000 CAD per session.
7. Sauder School of Business Scholarship
The Sauder School of Business is a renowned school for business studies, located in Vancouver. The selection is purely based on merit, display of skills and academic excellence. The Sauder School of business has a dedicated scholarship meant for academically excellent candidates. The scholarship amount ranges between $5,000 – $10,000.
Benefits of MBA Scholarships
MBA scholarships offer several benefits to students along with easing the burden of financial stress when pursuing the degree. MBA scholarships can help students stand out in a competitive job market. During their course of study, it can help students build valuable connection and networks. MBA scholarship programs also provide many opportunities for students to connect with old students, industry leaders, and other professionals who can help them achieve their career goals.