Table of Contents
Key Takeaways
- Ivey MBA Scholarships offer up to $70K; 80% of students get financial aid.
- Merit, need, diversity & external awards are four types of Ivey MBA Scholarships.
- Apply early. Scholarships are given on a rolling basis with MBA admission.
- No separate forms just express interest during your Ivey MBA application.
The Ivey MBA at Western University, Canada, is one of the best one-year MBA programs in the country. With a strong alumni network, hands-on learning, and great job outcomes, it’s a popular choice for students looking to build a global career in business. But MBAs aren’t cheap. That’s where Ivey MBA scholarships can help. The school gives out over $1.8 million in scholarships each year, and about 80% of students get some kind of financial support—from $10,000 to as much as $70,000.
In this blog, you’ll find everything you need to know about Ivey MBA scholarships—who can apply, how much you can get, and how to improve your chances of getting one.
Types of Ivey MBA Scholarships
Ivey Business School offers a variety of scholarships to support talented students with different backgrounds and needs. These scholarships are designed to reward academic excellence, promote diversity, and make the MBA program more accessible for students with financial constraints.
1. Merit-Based Scholarships
Merit-based scholarships are offered to students who have demonstrated academic excellence, leadership potential, and a strong career trajectory. These Ivey MBA scholarships aim to reward individuals who have shown exceptional performance in their professional and educational endeavors. Applicants with high GMAT scores, impressive undergraduate GPAs, and relevant work experience are strong contenders for these scholarships.
Key Scholarships:
Dean's MBA Entrance Scholarship: Awarded to top candidates with outstanding academic backgrounds and leadership qualities.
Ivey Alumni Association Scholarships: Offered to students who demonstrate a combination of academic merit and leadership potential.
2. Need-Based Scholarships
Ivey also provides need-based Ivey MBA scholarships to students who demonstrate financial need. These scholarships are intended to make the MBA program accessible to a broader range of students, regardless of their financial circumstances. To qualify, applicants must provide details of their financial situation during the application process.
Key Scholarships:
- Ivey MBA Financial Need Scholarship: Designed to support students who require financial assistance to pursue their MBA at Ivey. Applicants must submit a financial assessment form alongside their application.
3. Diversity and Inclusion Scholarships
Ivey Business School is committed to fostering diversity within its MBA cohort. These Ivey MBA scholarships are awarded to individuals from underrepresented backgrounds, including women, international students, and candidates from diverse cultural or professional backgrounds.
Key Scholarships:
- Ivey Women in Business Scholarships: Aimed at encouraging more women to pursue leadership roles in business by supporting their MBA journey.
- Indigenous Student Scholarships: Available to Indigenous students who wish to pursue an MBA at Ivey, promoting inclusivity and representation.
4. External Scholarships and Fellowships
In addition to internal Ivey MBA scholarships, Ivey collaborates with external organizations to provide additional funding opportunities. These scholarships are offered by foundations and institutions that partner with Ivey to support students.
Key Scholarships:
- Forté Fellowships: These scholarships are available to female MBA candidates and are part of Ivey's commitment to gender diversity in business leadership.
- ROMBA Fellowship: Aimed at LGBTQ+ students, this fellowship supports individuals committed to promoting inclusion and diversity in the business world.
How to Apply for Ivey MBA Scholarships
Doing an MBA at Ivey is a big step, but the school offers strong scholarship support to help with costs. Around 80% of students both Indian and international get scholarships ranging from $10,000 to $70,000. And the best part? You don’t need to fill out a separate form. You’re automatically considered when you apply for the MBA.
Eligibility Criteria
To be considered for Ivey MBA scholarships, you should:
- Have a strong academic background (usually 80% or higher).
- Show leadership at work or in other areas.
- Be active in your community or extracurriculars.
- Some scholarships may also look at financial need.
Application Process
Applying for scholarships at Ivey is straightforward:
- Complete the Scholarships section within the online MBA admission application.
- No separate application is required for individual scholarships.
- Successful applicants will be notified of any scholarship awards along with their admission offer.
Application Deadlines
It is crucial to be aware of the application deadlines for both the MBA program and the Ivey MBA scholarships. Generally, scholarships are awarded on a rolling basis, so applying early can increase your chances of receiving funding. The typical deadlines for Ivey MBA scholarships align with the MBA application rounds, which occur throughout the year.
| Application Round | Deadline Date |
|---|---|
| Round 3 | July 7, 2025 |
| Round 4 | September 22, 2025 |
| Round 5 | November 17, 2025 |
| Round 6 | January 9, 2026 |
Ivey MBA Scholarships for International Students
Ivey Business School offers several scholarships specifically designed to attract talented international students. These scholarships aim to support diverse perspectives in the MBA program by providing financial assistance to outstanding candidates from around the world.
Ivey Global Leader Award
The Ivey Global Leader Award is designed for outstanding international students who have demonstrated leadership in their professional lives. This Ivey MBA scholarship aims to attract top talent from around the world to join the Ivey MBA program. Applicants must showcase their leadership abilities and commitment to contributing to the Ivey community.
Forté Fellowships
The Forté Fellowships are part of Ivey's efforts to support female representation in business. These Ivey MBA scholarships are awarded to women who demonstrate exceptional leadership potential and a commitment to empowering other women in business. Recipients also gain access to the Forté network, which offers valuable resources and networking opportunities.
Entrepreneurship Fellowship
In partnership with Ivey’s Pierre Morrissette Institute for Entrepreneurship, the Entrepreneurship Fellowship is designed to encourage MBA students to pursue their entrepreneurial passions. This fellowship supports students as they work towards launching innovative ventures. The selection process involves an interview with the Executive Director of the Institute, and recipients are chosen in collaboration with the Institute.
Selected Fellows will be required to meet the following requirements during the program:
- Completion of the Ivey Certificate in Entrepreneurship.
- Completion of the New Venture Project.
- Involvement (preferably in a leadership role) with the Ivey Entrepreneurship Club.
Ivey Business School Scholarship for Indian Students
Ivey offers specific Ivey MBA scholarships aimed at attracting talented students from India. These scholarships are designed to support Indian students who wish to pursue their MBA at Ivey and bring diverse perspectives to the classroom.
Financial Aid Ivey MBA Scholarships
While Ivey MBA scholarships can significantly reduce the financial burden, there are additional financial aid options available to help cover the cost of your education. These options include student loans and graduate assistantships, which can provide further support for those who need it.
Student Loans for Ivey MBA
In addition to Ivey MBA scholarships, students can apply for student loans to cover the cost of their MBA. Canadian citizens and permanent residents can access government loans, while international students may explore private loan options or lenders that partner with Ivey.
Graduate Assistantships and Fellowships
Ivey offers graduate assistantships as another form of financial support. These positions allow students to work part-time with faculty members on research projects, providing both financial assistance and valuable academic experience.
Tips to Get Scholarships for the Ivey MBA
Securing a scholarship for the Ivey MBA can significantly reduce your financial burden. To increase your chances of receiving a scholarship, it's essential to approach the application process strategically. Below are some detailed tips to help you navigate this process:
- Start Early: Scholarship opportunities often have deadlines that coincide with application rounds, so it's crucial to start researching and preparing your application well in advance. This allows you to gather all necessary documents, draft your essays, and avoid last-minute stress.
- Achieve Strong GMAT/GRE Scores: Many scholarships are merit-based, and having a strong GMAT or GRE score can make you a more attractive candidate. Aim for a score that is competitive within Ivey's applicant pool to increase your chances of qualifying for financial aid.
- Leadership Skills: Ivey places a high value on leadership. Make sure to highlight your leadership experiences in both professional and community settings in your application. Show how you have taken initiative, led teams, or made an impact in various capacities. Scholarship committees often look for candidates who demonstrate the potential to lead both inside and outside the classroom.
- Tailor Your Application: Generic applications are less likely to stand out. Take the time to customize your scholarship essays and other materials to reflect your unique achievements, goals, and why you're a perfect fit for Ivey. Address how the MBA will help you grow personally and professionally, and why you need financial support to achieve those goals.
- Demonstrate Financial Need (Where Applicable): For need-based scholarships, it’s important to clearly articulate your financial situation. Be honest about your financial limitations and explain how the scholarship will enable you to pursue your MBA. Make sure to provide all required documentation to support your case.
Explore Specific Ivey Scholarships: Some scholarships at Ivey are designated for particular groups, such as women in business or international students. Research these scholarships thoroughly to ensure you’re applying to those for which you are eligible.
Related Blogs:
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- Ivey Business School MIM Essays
- Ivey Business School MIM Interview Questions
- Is Ivey Business School MIM Worth it?
Conclusion
An MBA from Ivey Business School is a smart step for anyone looking to grow their career. Ranked as one of the top MBA programs in Canada, Ivey offers strong academics, real-world learning, and great job outcomes. What makes it even better is the financial support. The process is simple no extra forms are needed. Just fill out the scholarship section in your MBA application. Ivey looks at your full profile, including your academics, work experience, and leadership. Rolling admissions means you can apply when ready and still have equal chances of getting funding.
