Top 10 MBA Fully Funded Scholarships in Canada

Doing an MBA program in Canada is always preferred in Canada by students in other countries, for Canada�s education cost is lower than the US MBA Programs.

With that being said, there are MBA scholarships in Canada that interested international and domestic students can apply for.

This article will bring a detailed post regarding all the top 10 MBA scholarships in Canada that you can apply for to help you support and reduce your financial expenses.

So if you plan to study MBA in Canada, you can choose from a wide range of fully-funded and university scholarships that can help you cover your tuition fees.

Details On MBA Scholarship

Canada has long been among international MBA students� top study destinations. Most MBA aspiring students simply don�t have the cash to fund their studies on their own, which means graduate student loans are in the cards for most MBA students.

However, free money for your MBA is available through the much sought-after, yet somewhat elusive, MBA scholarship, and they will be highlighted below as you read further.

There are two types of MBA� scholarships that students can apply for, which includes

  1. Merit-based money offered as a result of the MBA application�� Schools awards the vast majority of scholarships based on your original MBA application. These awards do not require you to submit any additional application materials. Instead, schools offer this money to applicants they are trying to attract�often enticing them away from other schools.
  2. Students apply for scholarships directly�� These scholarships generally target specific candidates based on industry, ethnicity, gender, etc. A separate application is required for each of these scholarships, and specific criteria apply.

The Top 10 MBA Scholarships in Canada

1. Ontario Graduate Scholarship (OGS) Program

Students in graduate studies at the master�s and doctoral levels can apply for a merit-based scholarship through the Ontario Graduate Scholarship (OGS) Program.

Awards are available to graduate students for all disciplines of academic study at participating schools in Ontario.

OGS awards are based on the number of terms of your consecutive studies within an academic year:

  • $10,000 for two consecutive study terms
  • $15,000 for three consecutive study terms

Each OGS award is issued for:

  • a minimum of 1 academic year (2 or 3 consecutive academic terms)
  • a maximum of 2 years (up to 6 consecutive academic terms).


  • Be a Canadian citizen, Permanent Resident, or Protected Person under subsection 95(2) of the Immigration and Refugee Protection Act (Canada) by the student deadline as determined by each graduate unit;
  • International students who are studying or plan to study at the University of Toronto under a temporary resident visa (student study permit) are eligible for a set number of OGS awards (valid study permits must be effective as of the graduate units� OGS international application deadline);
  • Be registered or intend to register in an eligible program on a full-time basis in 2022-2023;
  • ?Have achieved at least an A- (or equivalent) in each of the last two completed years of study (full-time equivalent); or if the student has completed two years or more of graduate studies at the time of application, the student must only demonstrate an overall average of at least A- (or equivalent) on all graduate courses completed.

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2. Rotman School of Management Scholarships.

The Rotman School�s Full-Time, Morning MBA, Evening MBA, and Master of Finance programs are considered full-time, eligible programs.

An Ontario Graduate Scholarship (OGS) at the Rotman School of Management is held for one year and is valued at $10,000 to $15,000 per year, thanks to the generous support of donors.