An Ivey MBA is an investment in your future. We understand and appreciate the financial commitment required by you to pursue and earn your MBA degree. That’s why applicants to the Ivey MBA program will be considered for more than $1.8 million in admissions scholarships and awards.
Awards
Funding
Applicants must complete the financial aid section of the online MBA admission application. There is no separate application for individual scholarship consideration. Award recipients will be notified in their MBA offer package prior to the start of the program.
There are also hundreds of external scholarships, bursaries, grants, fellowships and other forms of financial assistance available to students across Canada. We encourage students to explore the Student Awards and Scholarships Canada websites for more information.
International students seeking external scholarship opportunities should visit our Financing page for international candidates for more resources and information.
Here are a few of our prestigious scholarships, made possible through the vision and generosity of Ivey supporters.
You can view the full list of Ivey MBA scholarships on the
UWO Faculty of Graduate Studies website.*
- Ross N. Clouston MBA Award
- TD Bank Financial Group Women in Management Award
- Dr. Samuel & Vera Kanovsky MBA Scholarship
- Scotiabank MBA Leadership Award
- David Leighton MBA Leadership Award
- Kathleen and William Troost MBA Scholarship
Ross N. Clouston MBA Award
This award is presented to a student entering the Ivey MBA program based on demonstrated success professionally and academically and also based on financial need. The award will alternate annually between Canadian and International Students. The recipient of this award must agree to make a contribution to the intellectual capital of the Richard Ivey School of Business by writing a business paper, case or similar project. The project will be placed in the Ivey Business School Library and the author will be recognized as the Ross N. Clouston Award recipient.
Value: $56,000
TD Bank Financial Group Women in Management Award
This award is available to women entering the MBA program at the Richard Ivey School of Business who have demonstrated academic achievement, community involvement and financial need. Recipients must meet the Ontario residency requirements of the Ontario Trust for Student Support Program. This award is made possible through the generosity of TD Bank Financial Group.
Value: Half Tuition
Dr. Samuel & Vera Kanovsky MBA Scholarship
This scholarship is awarded to an MBA student based on demonstrated community leadership and scholastic achievement. Preference will be given to a student residing in Western Canada. This award was generously established by Michael Kanovsky (MBA'73) and Donna Seaman Kanovsky, through Foundation Western. It is named in honour of Michael's parents, Dr. Samuel and Mrs. Vera Kanovsky.
Value: $30,000
Scotiabank MBA Leadership Award
This award is presented to a student entering the Ivey MBA program based on academic performance and community involvement. The successful candidate will exhibit evidence of character, energy and leadership potential. This award is made possible through the generosity of Scotiabank.
Value: $30,000
David Leighton MBA Leadership Award
This award is presented to a full-time student entering the Masters of Business Administration program at the Richard Ivey School of Business based on academic achievement and demonstrated community leadership. This award was established by Ralph M. Barford (LLD'87) through The Ralph M. Barford Foundation in honour of David S. R. Leighton.
Value: $70,000
Kathleen and William Troost MBA Scholarship
This scholarship is awarded annually to a full-time student entering the Master of Business Administration program at the Richard Ivey School of Business, based on academic achievement and demonstrated community leadership. The MBA Scholarship Committee of the Richard Ivey School of Business will review and select each award recipient. This scholarship is made possible by a generous gift from Kathleen and William Troost, MBA ’75.
Value: $35,000
*Scholarship amounts are subject to change
The majority of candidates will require some level of private financing to contribute to their MBA investment. We encourage you to explore the various bank loan options available.
Canadian Citizens & Permanent Residents
Ivey has developed the MBA Loan Program in partnership with a number of Canadian banks to create competitive loan packages for Ivey MBA candidates.
Repayment terms vary amongst institutions with some banks allowing individuals to make interest-only payments for twelve months following graduation. The loan resembles a personal line-of-credit where you are charged interest every month. The interest rates are competitive (presently prime + 1/2%). Each bank assesses your application against their lending criteria.
Each bank has designated one London branch to handle all Ivey MBA loans. This allows more personalized and efficient service for each student. We encourage you to compare the fees and terms of all student loan products in the chart found below, to determine which is best suited to your needs.
| Bank | Contact | Email/Telephone | Program Maximum |
|---|---|---|---|
 |
Cathy Walker | cathy.walker@bmo.com (519) 667-6308 |
$82,500 (single) - $100,000 (married) |
| Brenda Lee Picken-Zeran |
brenda.pickenzeran@bmo.com (519) 667-6150 |
||
 |
Jennifer Reade | jennifer.reade@scotiabank.com (519) 642-1093 |
$70,000 - $110,000 for a combined MBA |
| Mike Randall | mike.randall@scotiabank.com (519) 642-7315 |
||
 |
Debbie Clipperton | debbie.clipperton@rbc.com (519) 660-4793 |
$80,000 |
| Tracy O'Brien | tracy.obrien@rbc.com (519) 661-2634 |
||
 |
Neil Raja | neil.raja@td.com (519) 673-6020 x224 |
$80,000 - $120,000* |
International Students
International students who do not yet have permanent residency status, but do have a strong Canadian cosigner may consider a loan with TD Canada Trust. Residents of India also have the option of speaking to HDFC to consider a loan from their home country.
International candidates will also be considered for International Assistance Awards at the time admissions decisions are made. These awards can range up to $30,000 for eligible candidates and are determined based on need. Please see the International Candidate page for more information about financing for international applicants.
| Bank | Contact | Email/Telephone | Program Maximum |
|---|---|---|---|
|
Neil Raja | neil.raja@td.com (519) 673-6020 x224 |
$80,000 - $120,000* |
| HDFC India (For Indian Residents) |
Neeraj Bassi |
neeraj.bassi@hdfcbank.com Cell: 932089508 |
$44,000 |
*At TD Canada Trust, students can apply for an additional $40,000 (over the $80,000) if they did not borrow with TD during their undergraduate years.
The Government of Canada and its Provincial Governments offer a variety of loan programs to help graduate students finance their studies. Learn more about:
- Ontario Graduate Scholarship Program (OGS)
- OSAP and Student Government Loans
- CIHR Science to Business Scholarship
- Life Long Learning Plan
- Other Provincial and Territorial Loan Programs
Ontario Graduate Scholarship Program (OGS)
This application typically opens in late August for a Spring start. The deadline is typically mid-November. Candidates should apply directly through the OGS website. For 2011-2012, the value of the scholarship was $15,000.
OGS receives over 10,000 eligible applications from Ontario universities. This year 3,000 scholarships were awarded of which 90 were awarded to students admitted to Canada as visitors with a student authorization/study permit.
OSAP & Student Government Loans
OSAP assistance is available to Citizens of Canada or landed immigrants who are residents of Ontario. Students who do not meet the Ontario residency requirements are eligible for the Canada Student Loan. Visa students are ineligible to apply for these programs. Further information including details on eligibility requirements and how to apply are available on the OSAP website.
CIHR & Science to Business Scholarships
Students with a PhD in a health-related field, who wish to pursue an MBA as the next step in their career supporting innovation in Canada, should consider the CIHR Science to Business (S2B) Scholarship.
Life Long Learning Plan (LLP)
The Government of Canada implemented the Lifelong Learning Plan (LLP) to encourage higher education and training. The LLP allows you to withdraw up to $10,000 a year from your registered retirement savings plan (RRSPs) to finance training or education for you or your spouse or common-law partner. For further information on this plan, visit the government's website at www.ccra.gc.ca.
Other Provincial and Territorial Student Financial Assistance - Loan Programs
The Government of Canada's CanLearn website provides a listing of contact information for the offices of all government student financial assistance programs. Please visit the CanLearn website to find your province or territory listing.
