How to Study MBA in Canada for free

Last Updated on August 4, 2022

Are you interested in studying in Canada? This article will provide you with the direction and tools to succeed in your MBA program at a college, university or online. The information provided is presented in an easy-to-understand format which will be fun to learn while gaining invaluable knowledge for objective success.

Studying in Canada is a great option if you want to become an MBA, but aren’t able to afford the exorbitant tuition fees in the U.S. If you take advantage of all the free business schools in Canada, for example, you can study MBA in Canada without taking out student loan.

In truth this article contains the most useful information on MBA in Canada with IELTS, MBA fees in Canada for international students. You will also be able to find the latest information on low cost MBA in Canada, how to study MBA for free, free study in Canada for Indian students, cheap MBA in Canada 2021, work and study in Canada for free and so much more right here on Collegelearners.

Happy reading!

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Canada has been a popular destination for a college education due to many reasons. Its universities are world-class, with five of those getting listed as one of the top 100 schools worldwide. Numerous job opportunities also provide a promising future for international students looking to stay in Canada. Canadians also boast of their excellent quality of life, with a relatively lower cost of living, guaranteed safety to its citizens, and high regard for individual rights. Staying in Canada also means taking advantage of its hot tourist spots and scenic places such as the Niagara Falls in Ontario, Rockies and Lake Louise in Alberta, and the Whistler Mountain in British Columbia. While Canada promises an exciting and lively college life for international students, it is also important to consider that this opportunity may not always come for free. Many aspiring international students find financial reasons as a deterrent to their education abroad.

Looking for how to study MBA in Canada for free MBA scholarships in Canada and don’t know how to go about it, in here, you’ll get all the information needed : An MBA degree and a Study in Canada for free for international students from a top university in Canada can offer you guarantee of a decent job and fast career growth. But while an MBA degree in Canada is most desired, it is the cost of pursuing MBA in Canada which can be a deterrent,.

One way to circumvent the financial burden is by taking help of MBA scholarships in Canada for foreign students and List of tuition free universities in Canada for international students .

Why Study in Canada

Canada – the second largest country in the world by land mass, only behind Russia, with a population density that runs at about 4 inhabitants per square kilometer (compared to India, with a whopping 416/km²!).

Canada boasts 96 universities scattered across its urban and regional areas, most of which are very welcoming to international students. One special aspect of Canada is that there are two national languages – that’s right, you probably already know: English in most of the western side and French in the eastern province of Quebec. If you want to broaden your horizons as either an ESL or FSL student, Canada is the place!

That is, if you don’t mind mortifying winters. As with anywhere on the globe, the people are reflections of their environment. From rugged mountain ranges of British Columbia to vast underground malls connected to subway stations, Canadians and international students alike embrace what is a burden on some as a source for purity, benevolence, and outstanding standards for higher education.

The Canadian people are known to be a very friendly bunch. Moreover, along with a plethora of incentives to study in Canada as an international, the country is constantly on the brink of social systems and technology, making it very accommodating to the open-minded nature of students studying abroad.

cheap MBA in canada 2021

Canada’s main cities – Vancouver, Toronto, and Montréal – are where you may first be aiming the darts if you are looking to study abroad in Canada. According to QS Best Student Cities 2018, Montréal is the 4th best student city in the world, with Toronto at 13th and Vancouver at 17th!

However, some of the country’s most internationally respected universities can be found in the regions in between. So depending on your field of study, your favored geography, and your level of tolerance to the cold, you may find it more pleasing to study outside of the three main cities.

QS World University Rankings 2021 places 26 out of Canada’s 96 universities on the list!

Here are the top 10:

  • Queen’s University
  • University of Calgary
  • Western University
  • University of Waterloo
  • Université de Montréal
  • McMaster University
  • University of Alberta
  • University of British Columbia
  • McGill University
  • University of Toronto

Canada wouldn’t be host to some 572,000 international students every year, if there wasn’t a wide range of courses to study – from Computer Science & IT to Media & Journalism, Agricultural Science & Forestry to Business & Finance. You are sure to find the right degree for you!

Canada is also home to over 150 colleges that offer short courses and diplomas. You may find one that works perfectly for your aspirations. While you would have to go through the same process of obtaining a student visa, you may save some money on overall tuition.

The Canadian school year generally commences in September, though some postgraduate programs begin sooner or later. Be sure to check!

Attaining a Bachelor’s Degree in Canada will give you the knowledge and qualifications necessary to pursue a career in your chosen field, or continue your studies for a Master’s/PhD.

The degree structure for undergraduate programs takes a more liberal approach in regards to the classes you are able to choose within your field of study. A certain amount of credits are given upon completion of each course.

The student has the option to choose from a number of courses offered in the department that he or she is studying in. This is different from, say, the degree structure in France, in which the institute decides which courses need to be taken each semester.

Competition is high to be accepted into most universities. If English is not your first language, you will need to take a proficiency test. Any evidence of secondary school achievements (GPA, volunteering, student clubs, etc.) will heighten your chances of acceptance!

Master’s Degrees

Up until the last few years, Canada (and the US.) only accepted students with a 4 year Bachelor’s degree into their Master’s programs, while most countries offer Bachelor’s programs that can be completed within 3 years. But the demand of international students wishing to study in Canada has increased dramatically (11% since 2017), along with it universities now accepting 3 year Bachelor’s degrees as prerequisite for Master’s programs.

Most Master’s programs take 1-2 years to complete, and come in the form of a Master of Science (MSc) or a Master of Arts (MA). If you’d like to whittle down your postgraduate degree even more, you can also choose between a Master of Business Administration (MBA), Master of Engineering (MEng), or Master of Fine Arts (MFA).

You’ll be looking at around CA$13,000-20,500 per year for a Master’s degree.

Canada has a wonderful Post-Graduation Work Permit Program (PGWPP) in place to further incentivize international students to obtain jobs after finishing grad school. 90% of those that stick around Canada after completing a postgraduate course are in the workforce within 6 months!


Want to take your postgraduate studies another step forward? Whether you have already completed your Master’s degree elsewhere, or you are currently chipping away, finding the right PhD program in Canada will come with a wealth of benefits.

Again, Canada’s tuition fees for international students pursuing a Doctorate is more attractive than its North American neighbor to the south, as well as Australia and the UK. Some Canadian universities are reducing or even obliterating extra fees for internationals in their Doctoral programs.

There are currently close to 200,000 international students taking on their PhDs in Canada, which can take anywhere from three to six years to complete.

Upon completion of your PhD, you are entitled to a 3 year work permit, which could eventually lead to permanent residence or citizenship.


Postdoctoral fellows (PDFs), otherwise known as postdoctoral researchers, are those that choose to remain in academia after completing their PhDs. Most universities have their own internal fellowships, but there are also many outside agencies that can help place PDFs with organizations or institutions.

MBA scholarships for foreign students in Canada

How to Apply to Study in Canada

Applications vary depending on the institution, but generally you will need to prove your language proficiency, provide transcripts from previous education, prove financial stability, and medical coverage. Ensuring you meet all the requirements for the institution you wish to apply to is a key step in saving trouble in the future.

When applying for most universities, you will need to choose your major. If you are unsure exactly what this may be, don’t fret. Canadian universities are generally quite flexible with changing majors later.

Designated Learning Institutes are schools that are approved by a provincial or territorial government to host international students. Be doubly sure you are applying to a school that is on this list.

You should apply no later than March if you wish to begin studying in September. Some universities have different deadlines, so be sure to research the universities you wish to apply for!

Language Requirements

Since Canada is a bilingual country, courses at Canadian universities will be taught in either English or French.

Even if you are a native English or French speaker, you’ll need to take a language proficiency test. If you are applying for an English speaking university, IELTS is accepted by all. For French, TEF is the most commonly used and accepted.

Fees are generally around $100.

Here are some listed top MBA scholarships in Canada: 

1. Ontario Graduate Scholarship (OGS) Program 

A popular MBA scholarship in Canada, the Ontario Graduate Scholarship funds graduate studies at the master’s and doctoral levels. It is a merit-based scholarship offered by top universities in Canada in the Ontario region. Also being merit-based, the scholarship is highly competitive.

Participating universities: Some of the popular participating universities include:

  • Carleton University
  • York University
  • University of Windsor
  • University of Waterloo

MBA scholarships in Canada for foreign students: Ontario Graduate Scholarship

Ontario Graduate Scholarship5,000 per term up to a maximum of $15,000 per academic year.Should be enrolled in graduate studies in master’s or doctoral level Should be pursuing a full-time program comprising 2 or more terms (21 to 52 weeks in total) Should be attending a participating Ontario schoolApplications become available in October. Deadlines vary by school and you need to contact your university for the deadlines.

2. Rotman School of Management Scholarships

Around one-third of students enrolled at Rotman School of Management, University of Toronto, are granted entrance scholarships, fellowships and awards every year. Among the popular MBA scholarships in Canada for foreign students, Rotman scholarships seek to remove the financial barriers that may come in the way of qualified applicants seeking admission at the business-school.

MBA Scholarships in Canada for foreign students –Rotman School of Management

Rotman Entrance Awards and FellowshipsTwo popular entrance awards granted to students enrolled in Morning & Evening MBA programmes: Five Women in Business Excellence Awards of $10,000 Two Morning MBA Excellence Awards of $20,000 All students admitted to Rotman School of Management are automatically considered for Rotman Entrance Awards and Fellowships Students though need to fulfill MBA programme admission requirement, which includes English language proficiency TOEFL/IELTS test scores, GMAT scores and interviewFirst Application Deadline for morning and evening MBA: November 
Forté Foundation Scholarships$40,000Candidates must showcase exemplary leadership ability Demonstrate a commitment to women and girls via personal mentorship or community involvement.
MGA/MBA Awards$30,000Offered to the top student in the MGA(Master of Global Affairs)/MBA Programme

How to apply: Students are automatically considered for the awards based on their application for admission and don’t have to apply separately.

3. Sauder School of Business Entrance Scholarship

Sauder School of Business at the University of British Columbia offers its own brand of MBA scholarships in Canada for foreign students to attract potential talents from across the world. Sauder extends merit-based entrance scholarships to outstanding international students.

MBA scholarship in Canada: Sauder Entrance Scholarships

Global Business Leader of Tomorrow Scholarship This scholarship is awarded to candidates with the potential to make lasting impression to Sauder’s global brand. $10,000 – $15,000A holistic approach is adopted to select students, including parameters like GMAT/GRE and GPA scores.  Other contributing factors include application essays and interview performance. 
Accelerated Career Scholarship This award is for candidates with outstanding career potential, especially who can lead by example and showcase Sauder’s commitment to excellence. $5,000 – $10,000

How to apply: No separate application form is needed for applying to Sauder Entrance Scholarship, among the popular MBA scholarships in Canada.  


Application RoundDeadline
Early Admissions RoundDecember
1st Admissions RoundFebruary
2nd Admissions RoundApril
Final Admissions RoundsJune

4. Alberta MBA Scholarships

Alberta School of Business, University of Alberta, extends a number of MBA scholarships in Canada to meritorious and needy international students. These scholarships are generally offered for the duration of the MBA program.

MBA Scholarships in Canada for foreign students: Alberta MBA scholarships

AIMCo MBA AwardOffered annually to full-time MBA students specializing in finance.$10,000a)  High academic achievementsb) Excellence outside the classroom is also consideredc) GMAT ScoreApril
Claude Winspear MBA AwardOpen to students with leadership skills and academic credentials and who are enrolled in a full-time MBA program at Alberta University. $10,000
Michael Lang MBA AwardAnother popular MBA scholarship in Canada, it is awarded to full-time candidates.$10,000

How to apply: Generally no separate applications are need to apply for the scholarship, as your program application form will be used to judge your eligibility.

5. Ivey MBA Scholarships

One reason why you may want to study at Ivey Business School could be that Ivey offers a number of MBA scholarships, including some of the largest merit-based MBA scholarships in Canada. 

MBA scholarships in Canada for foreign students: Ivey scholarships 

Ivey MBA scholarshipsLargest merit scholarship funding in CanadaAmounts ranging from $10,000 to half tuitionBased purely on merit and leadership qualities Selection parameters include exceptional professional experience, leadership skills, and academic excellence, in addition to strong GMAT scores. Applications accepted multiple times a year, including in November and January

How to apply: There is no separate scholarship application. Instead, you need to complete the scholarships section included in the online MBA admission application.

6. Haskayne School of Business MBA Entrance Scholarships

This scholarship aims at removing obstacles faced by international students in their path towards becoming future leaders. Among the popular MBA scholarships in Canada, the Entrance Scholarship also intends to attract high-achieving students from across the world to the university.

MBA scholarships in Canada for foreign studentsHaskayne MBA Entrance Scholarships

Haskayne School of Business MBA Entrance ScholarshipsHelps needy international students in their path towards becoming future leaders by sponsoring their studies$5,750 per year or $11,500 for two years (assuming 10 half-courses per year and a minimum grade of B on all of their courses)Award is based on merit and takes into account GPA and GMAT scores Offered to daytime and evening students. All international daytime visa students are eligible

How to apply: There is no separate application form as your MBA applications will be used to evaluate eligibility.


Academic sessionDeadline
Fall AdmissionEarly submission: January 15 (decision made by March 1)Final deadline: June 1
Winter AdmissionNovember

7. Schulich School of Business Scholarships

International students at Schulich School of Business Scholarships can choose from a number of scholarships to fund their MBA studies. Many of these scholarships offer good monetary value to be considered among the most generous MBA scholarships in Canada.

MBA scholarships are available under two categories:

(i) Entrance Scholarships and (ii) Continuing Student Awards

(i)      Entrance Scholarships: These scholarships offer generous amount of money and are offered to full-time students at Schulich.

Robert Krembil Scholarship of Merit$33,000Full-time students at Schulich are selected based on meritNo separate application is necessary as full-time students are automatically considered for these MBA scholarships in Canada
Seymour Schulich MBA Entrance Scholarship$24,200
Tanna H. Schulich MBA Entrance Scholarship$24,200
Scotiabank Scholarships in International Business$20,000

ii) Continuing Student Awards: This specific type of MBA scholarship in Canada is available to students enrolled in MBA, IMBA or MPA programs at the University of Schulich.

The Thomas Beck MBA Award$5,000Awarded based upon academic achievement as well as specific criteria
Carol Anne Letheren Women’s MBA Award$3,000
Sony of Canada MBA Scholarship$3,000
Wigwamen Scholarship$2,500

How to apply: No separate application is necessary as full-time students are automatically considered for these MBA scholarships in Canada.

How international students can get scholarships in Canada

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