MBA degrees are among the most sought-after in the world. It provides graduates with a competitive advantage in getting profitable and better jobs and the opportunity for career advancement. However, earning an MBA is time-consuming and very expensive. Especially for students studying business at universities in the United States and Canada. In other to assist students from various countries, we have compiled a list of scholarship opportunities.
Students who want to pursue an advanced degree in business administration can apply for an MBA scholarship. It is typically given to a student who meets certain academic requirements and has an aptitude for the study of business administration. There are many private organizations that offer MBA scholarships, but there are also government-sponsored programs and scholarships provided by the universities. The scholarship’s value varies, but the majority of awards are made to cover living and tuition costs.
What are the benefits of an MBA?
An MBA is a fantastic way to advance your career and boost your earning potential. MBA scholarships can assist you in your travels. The advantages of MBA scholarships are as follows:
- Develop the necessary skills to be successful.
- Provide you with a chance to start your career off right
- Your career progressing professionally.
- A huge influence on your future.
- Enlarge your professional networks by connecting with others.
Qualifications for MBA Scholarships
You must fulfill the following requirements in order to be eligible for an MBA scholarship:
- A competitive GPA is required.
- You must be a resident of Canada or the United States or be one of their citizens.
- Additionally, you must have received top grades in courses that are relevant to MBA programs during your undergraduate career.
- According to the admissions committee’s assessment, you must have financial needs.
- You must have a track record of teamwork and leadership.
How Do You Apply for an MBA Scholarship?
There are numerous ways to apply for an MBA scholarship, however, the most common is to submit an application form and a short essay. You can also apply online, by email, or through social media.
Most MBA scholarships are based on academic achievement, so you must be a strong candidate regardless of your financial situation. Some scholarships, however, may be restricted to students experiencing financial hardship.
There are several ways to apply for MBA scholarships, but speaking with a scholarship advisor is the best way to find out. They can assist you in identifying the most appropriate scholarship options based on your qualifications and objectives.
Some popular ways to apply for MBA scholarships are as follows:
- Applying online
- Personal application submission
- Participation in the scholarship provider’s webinars or workshops
- Using a scholarship website
Who is eligible to apply for MBA scholarships?
Anyone who wishes to pursue an MBA may apply. People of all backgrounds and professions, as well as international students, are included. You do not need to be a US or Canadian citizen or resident to apply; you can even apply from abroad!
The best thing about MBA scholarships is that they aren’t restricted to any particular region or country. So, whether you’re looking for a scholarship for your studies in the United States or Canada, you’ll find one that suits you. Visit our website to learn more about MBA scholarships and how to apply.
What can you do to improve your chances of getting an MBA scholarship?
There are several things you can do to improve your chances of receiving an MBA scholarship, but the most important thing is to have strong academic credentials.
Most MBA programs have strict admissions requirements, and if you don’t meet them, your chances of admission are slim to none. Furthermore, ensure that you have a high GPA (3.0 or higher) and GRE score (GRE General Test: 2100 or above). erion also suggests that you be fluent in English and have previous experience working in a multinational corporation.
MBA scholarships available in the USA and Canada
Schulich Leader Scholarships
The Schulich Leader Scholarships are offered to high-achieving students entering the MBA program at the Schulich School of Business. These scholarships are awarded based on academic excellence, leadership, and financial need. The scholarships provide up to $100,000 in funding to support student’s education and career development. The Schulich Leader Scholarships are the most coveted undergraduate STEM scholarships in Canada. One hundred awards are given to entrepreneurial high school graduates.
Rotman MBA Scholarships
The Rotman MBA Scholarships are awarded to full-time MBA students at the University of Toronto’s Rotman School of Management. Every year, approximately one-third of Rotman School of Management students receive entrance scholarships, fellowships, and prizes. Rotman scholarships are one of the most well-known MBA scholarships in Canada for international students, and they aim to help students overcome any obstacles they may face.
McGill University’s MBA Scholarships
The Desautels Faculty of Management MBA Scholarships are offered to MBA students at McGill University’s Desautels Faculty of Management. MBA students at the Desautels Faculty of Management have numerous funding options available to them, including merit-based scholarships and awards. Unless otherwise noted, all students are automatically considered for awards. The MBA Scholarships Committee makes all awards, unless otherwise specified. We are constantly raising scholarship funds; please keep checking back.
Alberta School of Business MBA Scholarships:
The Alberta School of Business MBA Scholarships is awarded to full-time MBA students at the University of Alberta’s Alberta School of Business. These scholarships are available for both undergraduate and graduate programs. There is no need to apply for these scholarships separately. After being admitted, students are automatically considered for this scholarship.
Smith School of Business MBA Scholarships
The Smith School of Business MBA Scholarship is awarded to full-time MBA students at Queen’s University’s Smith School of Business. The scholarships are designed to recognize and support students with high academic potential and leadership qualities.
HEC Montreal MBA Scholarships
The HEC Montreal MBA Scholarships are awarded to MBA students at HEC Montreal, a leading business school in Canada. The scholarships are designed to support students with high academic potential and leadership qualities.
Ivey MBA Scholarships:
The Ivey MBA Scholarships are awarded to full-time MBA students at the Ivey Business School at Western University. International Students are welcome to apply for the Ivey Global Leader Award Canada 2021-2022 (Fully Funded MBA). The scholarship allows students to pursue Master’s level programs in Business Administration and Business Management at Ivey Business School – Western University Canada. The scholarship deadline is April 12, 2021.
The Keller Banks, Jr. Scholarship Award
It is available to full-time undergraduate or graduate students enrolled in an accredited business school in the United States or Canada. The $20,000 scholarship will be awarded to a student who demonstrates exceptional financial need and a record of outstanding academic achievement.
Applicants must have a 3.0 GPA or higher and high grades to be considered for this scholarship. They must also be proficient in financial accounting, business strategy, marketing, finance, or another relevant discipline. Furthermore, they must intend to pursue a career in business management.
Telfer School of Management MBA Scholarships
The Telfer School of Management MBA Scholarships is awarded to full-time MBA students at the University of Ottawa’s Telfer School of Management. The candidate must meet the following requirements: they must be accepted as a full-time student (Canadian citizen or permanent resident) in the MBA Professional (24 months) or MBA Intensive (12 months) programs at the Telfer School of Management at the University of Ottawa; they must exhibit academic excellence and/or an exceptional GMAT/GRE score; and they must exhibit exceptional potential as determined by an evaluation of their work history and motivation.
Apply now via the tabs on our website.