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International MBA Scholarships in the USA and Canada in 2024

Earning an MBA is a significant investment, but for international students, the cost can be even higher. Fortunately, several scholarship opportunities are available to help bridge the financial gap and make a world-class business education more accessible.

This blog post explores some of the top scholarship options for international students pursuing MBA programs in the USA and Canada in 2024.

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Understanding Scholarship Options

  • Merit-based: Awarded based on academic excellence, work experience, leadership potential, and other achievements.
  • Need-based: Awarded based on financial need, demonstrated through application materials and financial statements.
  • Program-specific: Offered by specific universities or business schools for students pursuing a particular specialization within their MBA program.
  • Country-specific: Awarded to students from specific countries or regions.

Types of MBA Scholarships in the USA

University-specific scholarships: Many universities in the USA and Canada offer merit-based scholarships specifically for international students in their MBA programs. These scholarships can range from partial tuition coverage to full funding, depending on the institution and your academic credentials. Research the scholarship pages of your target universities and explore their offerings.

External scholarships: Various organizations and foundations offer scholarships specifically for international MBA students. These scholarships may be based on academic merit, financial need, specific demographics (e.g., women in business), or intended field of study.

Government scholarships: Some governments, particularly those in developing countries, offer scholarship programs for their citizens to pursue higher education abroad. Explore the scholarship programs offered by your home country’s government or educational institutions.

Universities with Renowned Scholarship Programs USA

Stanford Graduate School of Business:

Stanford Knight-Hennessy Scholars Program: This prestigious program offers full funding and covers living expenses for exceptional students pursuing any graduate degree at Stanford, including the MBA.

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Stanford Reliance Dhirubhai Fellowship: This fellowship supports talented students from India with full tuition and fees for the MBA program.

Harvard Business School:

Horace W. Goldsmith Fellowship: This need-based fellowship provides full tuition coverage for international students demonstrating exceptional academic and leadership potential.

Need-based scholarships: Harvard Business School offers a generous financial aid program, considering all admitted students for scholarships based on their financial need.

The Wharton School of the University of Pennsylvania:

Wharton School Scholarships: All admitted MBA students are automatically considered for merit-based scholarships offered by the school.

Columbia Business School:

Meyer Feldberg Distinguished Fellowship Program: This program provides full tuition and fees to exceptional students from diverse backgrounds.

Columbia Business School International Scholarships: The school offers several merit-based scholarships specifically for international students.

MIT Sloan School of Management:

Sloan Fellows Program: This prestigious program offers full funding for mid-career professionals with significant leadership experience who are pursuing an MBA.

Diversity Scholarships: Kellogg offers merit-based scholarships to students from underrepresented backgrounds, including international students.

Top Universities MBA Scholarships in Canada

Canada is a popular destination for international students pursuing an MBA due to its high-quality education system, diverse culture, and welcoming environment. Several top universities in Canada offer generous scholarship programs to help international students finance their MBA studies. Here are some of the universities with renowned MBA scholarship programs:

  1. University of Toronto – Rotman School of Management

Rotman School of Management Scholarships: The Rotman School of Management offers a variety of merit-based scholarships to international students, with awards ranging from partial to full tuition coverage. Some notable scholarships include the Dean’s List Scholarship, the Forté Fellows Program, and the Joseph L. Rotman Scholarship.

  1. McGill University – Desautels Faculty of Management

Entrance Awards: McGill University offers a range of entrance awards for international students, including merit-based scholarships and need-based awards. These awards can be combined with other forms of financial aid to help students offset the cost of their MBA studies.

The James McGill Scholarships: This prestigious scholarship program offers full tuition and living expenses to exceptional students from around the world pursuing any graduate program at McGill, including the MBA.

  1. University of British Columbia – Sauder School of Business

Sauder School of Business Scholarships: The Sauder School of Business offers numerous scholarships for international students, including merit-based awards, need-based awards, and awards targeted towards specific groups such as women and Asian students. Some notable scholarships include the UBC Graduate Global Excellence Scholarship, the Asia Top Talent Award, and the Women in Business Leadership Scholarship.

  1. York University – Schulich School of Business

Schulich School of Business Scholarships: The Schulich School of Business offers a variety of scholarships for international students, including merit-based awards and need-based awards. The most prestigious scholarship is the Schulich Leader Scholarship, which provides full tuition, fees, living expenses, and an internship for 100 outstanding students from around the world.

  1. University of Alberta – School of Business

Alberta MBA Scholarships: The University of Alberta School of Business offers a variety of merit-based scholarships for international students, with awards ranging from partial to full tuition coverage. Some notable scholarships include the Dean’s Entrance Scholarship, the International Student Scholarship, and the Women in Business Scholarship.

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