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International MBA Scholarships in the USA and Canada in 2024

Conquering the North: Your Guide to International MBA Scholarships in the USA and Canada in 2024

Dreaming of propelling your career to new heights with an MBA from a prestigious North American institution? Hold onto your ambition, because international scholarship opportunities abound in the USA and Canada for 2024. This blog post serves as your comprehensive guide, navigating the exciting world of financial aid and empowering you to chase your academic aspirations.

Why Pursue an MBA in the US or Canada?


North American business schools hold a global reputation for academic excellence, cutting-edge curriculum, and a diverse learning environment. With renowned faculty, industry connections, and alumni networks spanning the globe, an MBA from the US or Canada equips you with the tools and knowledge to lead in today’s dynamic business landscape. But the hefty price tag can often present a formidable barrier. Thankfully, scholarships bridge this gap, making these dream programs attainable.

Unveiling the Scholarship Landscape:

1. Scholarship Types:

  • Merit-based: Awarded solely based on academic achievement, GMAT/GRE scores, and your application’s strength.
  • Need-based: Consider your financial need in addition to academic merit.
  • Diversity-focused: Encourage applications from underrepresented groups or specific nationalities.
  • Program-specific: Offered by individual schools for programs or specific areas of study.
  • External scholarships: Funded by organizations outside the university, often with specific eligibility criteria.

2. Where to Find Them:

  • University websites: Each school’s financial aid page lists available scholarships and their application process.
  • Scholarship search engines: Platforms like or Fastweb offer comprehensive databases.
  • Government websites: Check your home country’s education ministry or international exchange programs.
  • Professional organizations: Associations in your field might offer scholarships for career-specific MBAs.

Top MBA scholarships in the US

In today’s competitive landscape, pursuing a Master of Business Administration (MBA) can be a game-changer for individuals aiming to accelerate their careers and expand their horizons in the business world. However, the cost of obtaining an MBA can be daunting for many prospective students. Fortunately, numerous scholarships are available in the United States to help alleviate the financial burden and make pursuing an MBA more accessible. Here, we highlight some of the top MBA scholarships in the US, offering aspiring business leaders the opportunity to unlock their potential without worrying about the financial constraints.

  1. Forté Foundation Fellowship: The Forté Foundation offers a fellowship program aimed at empowering women in business. This fellowship provides financial assistance to outstanding women pursuing full-time MBA programs at participating business schools in the US. Beyond financial support, Forté Fellows gain access to a network of peers, mentors, and employers committed to advancing gender diversity in business leadership roles.
  2. Robert Toigo Foundation Fellowship: The Robert Toigo Foundation Fellowship is designed to support underrepresented minorities pursuing careers in finance. Recipients of this fellowship receive financial aid, mentorship, and access to a robust network of alumni and industry partners. The fellowship aims to foster diversity and inclusion within the finance industry by providing opportunities for talented individuals from diverse backgrounds to pursue MBA education.
  3. Consortium for Graduate Study in Management Fellowship: The Consortium Fellowship is dedicated to promoting diversity and inclusion in business education and leadership. This fellowship offers merit-based, full-tuition scholarships to underrepresented minorities and women pursuing MBA degrees at member schools. In addition to financial support, Consortium Fellows benefit from extensive networking opportunities, professional development programs, and access to a supportive community committed to diversity and social impact.
  4. Reaching Out MBA (ROMBA) Fellowship: Reaching Out MBA (ROMBA) offers fellowship opportunities to LGBTQ+ individuals pursuing MBA degrees. Recipients of this fellowship receive financial assistance, leadership development training, and access to a vibrant network of LGBTQ+ business professionals. ROMBA Fellows contribute to creating more inclusive environments within business schools and the broader business community.
  5. National Black MBA Association (NBMBAA) Scholarship: The NBMBAA Scholarship Program supports Black professionals pursuing graduate education in business. This program provides financial aid, career development resources, and networking opportunities to help recipients excel in their MBA programs and future careers. NBMBAA Scholars join a dynamic community dedicated to empowering Black business leaders and driving positive change in the business world.
  6. Prospanica Foundation Scholarship: Formerly known as the National Society of Hispanic MBAs (NSHMBA), Prospanica offers scholarships to Hispanic/Latino students pursuing graduate degrees in business, including MBA programs. These scholarships provide financial support, professional development opportunities, and access to a supportive network of Hispanic business professionals. Prospanica Scholars contribute to promoting diversity and excellence in business education and leadership.
  7. Veterans MBA (VMBA) Scholarship: The VMBA Scholarship supports military veterans pursuing MBA degrees to transition into civilian leadership roles. This scholarship provides financial assistance, mentorship, and career resources tailored to the unique needs of veterans. VMBA Scholars leverage their military experience and MBA education to excel in various industries and contribute to the business community.

These are just a few examples of the top MBA scholarships available in the US, each with its unique eligibility criteria and benefits. Whether you’re a woman, an underrepresented minority, a member of the LGBTQ+ community, a military veteran, or someone from any diverse background, there are opportunities to pursue an MBA education without being limited by financial constraints. By leveraging these scholarships, aspiring business leaders can unlock their potential, broaden their perspectives, and make meaningful contributions to the business world

Top MBA scholarships in Canada

Embarking on a journey towards an MBA in Canada can be both a fulfilling and financially demanding endeavor. However, for aspiring business leaders and entrepreneurs, the pursuit of higher education shouldn’t be hindered by financial constraints alone. Fortunately, Canada offers a plethora of scholarships designed to support talented individuals in their pursuit of a Master of Business Administration (MBA) degree. These scholarships not only alleviate the burden of tuition fees but also provide recognition for academic excellence, leadership potential, and diverse experiences. Let’s explore some of the top MBA scholarships in Canada that could pave the way for your future success.

  1. The Pierre Elliott Trudeau Foundation Scholarship: This prestigious scholarship is awarded to outstanding doctoral candidates who demonstrate leadership skills and a commitment to solving societal issues. While not specifically for MBA programs, individuals with a keen interest in business and public policy can benefit from this scholarship. Recipients receive a generous stipend and access to a vibrant community of scholars and mentors.
  2. The Canadian Graduate Scholarship (CGS): Administered by the Social Sciences and Humanities Research Council (SSHRC), the CGS-M program supports high-achieving graduate students pursuing research-based master’s degrees. While not limited to MBA students, those undertaking business-related research projects can apply for this scholarship. Successful applicants receive financial support for their studies, allowing them to focus on their academic pursuits.
  3. Ontario Graduate Scholarship (OGS): For MBA students studying in Ontario, the OGS program provides merit-based scholarships to help offset the cost of tuition. These scholarships are awarded based on academic excellence, research potential, and leadership qualities. By easing the financial burden of graduate education, the OGS empowers students to concentrate on their studies and professional development.
  4. Rotary Peace Fellowship: Offered by the Rotary Foundation, the Rotary Peace Fellowship is designed for individuals dedicated to promoting peace and conflict resolution. While not exclusive to MBA students, this fellowship is ideal for aspiring business leaders seeking to make a positive impact on global issues. Recipients receive funding for tuition and living expenses, along with the opportunity to pursue a master’s degree in peace studies or a related field.
  5. The Hira and Kamal Ahuja Endowed Scholarship: This scholarship is specifically aimed at MBA students attending the Schulich School of Business at York University. It supports individuals who demonstrate academic excellence, leadership potential, and a commitment to making a difference in their communities. Recipients of this scholarship receive financial assistance to pursue their MBA studies at one of Canada’s top business schools.
  6. The Women in MBA (WiMBA) Scholarship: Recognizing the importance of gender diversity in business leadership, the Women in MBA (WiMBA) Scholarship aims to support female students pursuing an MBA degree. This scholarship, offered by various Canadian business schools, provides financial assistance to outstanding female candidates, empowering them to excel in their academic and professional endeavors.
  7. The Forté Fellowship: Supported by the Forté Foundation, this fellowship is available to women pursuing an MBA at participating business schools across Canada. Recipients of the Forté Fellowship receive financial support, access to leadership development programs, and networking opportunities with a diverse community of business professionals.

In conclusion, pursuing an MBA in Canada can be an enriching experience, made even more accessible through various scholarships and fellowships. Whether you’re passionate about business leadership, social impact, or promoting diversity, there’s a scholarship out there to support your aspirations. By leveraging these opportunities, aspiring business leaders can unlock their potential and contribute to positive change in the world of business and beyond. Apply, strive, and seize the opportunity to turn your MBA dreams into reality with the support of these top scholarships in Canada.


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