Scholarships, Awards and Student Loans

Apply for Scholarships

Scholarships are awarded to approximately 30% of the MSc cohort each year with an average value of $7,500 CAD. Award recipients will be notified along with their official MSc offer.

***Domestic and International students: If you want to be considered for financial need admission award, you MUST complete the entire scholarship application section, including the ESSAY answers and outline your financial resources.***

See International Student financing options. 

Richard Ivey MSc Excellence Awards 

Valued at up to $20,000, these awards are available to outstanding candidates pursuing the Ivey MSc in Management. All applicants are automatically considered for these awards. This evaluation is based on academic merit, leadership, past experience, international engagement and your score in our admissions interview.

Financial Need Awards 

Valued at up to $20,000, these awards are available to candidates who indicate a significant financial need in their online application. In order to be considered for these awards, students must complete the “Apply for Awards” section of the application. Only candidates who complete the scholarship section of the application will be considered for these awards. Not all applicants who request a Financial Need Award will receive funding.

MSc Indigenous Entrance Scholarships

All Ivey MSc in Management applicants will be considered holistically. The MSc admissions process takes into account- academic performance, community contribution, career ambitions, personal motivation and leadership orientation.

Applicants who self-identify as Indigenous* Learners and who are admitted to the MSc will automatically be considered for one of five MSc Indigenous Entrance Scholarships valued at up to $10,000.

Rise Awards in Resilient Leadership for Indigenous Students (MSc)

Awarded annually to a full-time student entering any stream (Business Analytics, Digital Management, and International Business) of the MSc Program at the Ivey Business School. The award will be given to an equity- deserving student who self-identifies as an Indigenous* Learner and who demonstrates community leadership and academic achievement. Preference will be given to students who demonstrate financial need.

Value: 1 at $5,000 (Business Analytics, Digital Management, OR International Business)

*Indigenous refers to the Original People of Turtle Island (North America) including First Nations, Metis and Inuit people of Canada as well as Native American, Native Alaskan, and Native Hawaiian people from the United States.

Rise Awards in Resilient Leadership for Black Students (MSc)

Awarded annually to a full-time student entering any stream (Business Analytics, Digital Management, and International Business) of the MSc Program at the Ivey Business School. The award will be given to an equity-deserving student who self-identifies as Black and who demonstrates community leadership and academic achievement. Preference will be given to students who have demonstrated financial need.

The MSc Awards Committee will make the final selection of the award recipient. At least one representative must hold membership in the School of Graduate and Postdoctoral Studies. These awards are available to both domestic and international students. Financial need will be determined by the information provided by the student in the scholarship section of their Program application.

Value: 2 at $5,000 (Business Analytics, Digital Management, OR International Business)

The Canadian Out of Province (OOP) Scholarship

This scholarship is for Canadian Students who reside in a province outside of Ontario and will be moving to London, Ontario for the MSc in Management. This is available for students who completed their secondary school and university undergraduate degree outside of Ontario. This scholarship is an award designed for students with financial need and has a value of up to $5,000CAD. 

SOGS Bursaries and Financial Need

Society of Graduate Students (SOGS) have bursaries available each term (Summer, Fall, Winter)  to full-time members of the Society of Graduate Students (MSc students included) who have demonstrated financial need.  You may apply once you have an offer and have paid your deposit.  There are bursaries for International students as well.  For more information, visit SOGS 

Canada Student Grant for Students with Permanent Disabilities

For more information, visit the Government of Canada website.

Bank Loans

Canadian Citizens & Permanent Residents

Ivey has developed the MSc Loan Program in partnership with a number of Canadian banks to create competitive loan packages for Ivey MSc candidates.

Repayment terms vary amongst institutions with some banks allowing individuals to make interest-only payments for 12 months following graduation. The loan resembles a personal line of credit where you are charged interest every month. The interest rates are competitive. Each bank assesses your application against its lending criteria.

Each bank has designated one London branch to handle all Ivey MSc 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.