Limitless Opportunities in Canada
As a country with a top-tier education system and thriving economic and cultural diversity, Canada is the ideal location for students looking for a unique MBA experience with limitless opportunities.
Economic Stability
When compared to the US and UK, we are a less expensive country to live and study in, have higher GDP growth, and lower unemployment. It makes financial sense to choose Canada as your destination of study.
Welcoming Environment
Immigrants to Canada are encouraged to maintain their culture and identity. We rank third out of 31 countries in Europe and North America for the strength of our policies on equal rights, responsibilities, and opportunities for newcomers to Canada. (Migrant Integration Policy Index).
High Quality of Life
The standard of living in Canada is amongst the highest in the world. We consistently rank in the top five on the United Nation's Human Development Index, which measures life expectancy, literacy, education, and standards of living for countries worldwide.
Opportunities to Work
International students can turn their study permit into a work permit immediately after graduation in addition to working on permanent residence status. Unlike the US or the UK, students who complete a degree in Canada are able to remain and work here for up to the length of the study program.
Admission Criteria for International Applicants
In addition to meeting the minimum admissions criteria for all candidates, international applicants are also required to demonstrate a strong level of English proficiency which can be done by either post-secondary education at an English speaking institution, or significant work experience in an English speaking environment. Alternatively, candidates must successfully complete an English language proficiency test. Ivey accepts:
- TOEFL (minimum internet-based score of 100)
- IELTS General OR Academic (minimum score of 7)*
- MELAB (minimum score of 85)
- PTE (minimum score of 70)
- CAEL (minimum overall score of 60 required with no part less than 60)
Further detail on these tests is available from the British Council and English Language Institute.
*General IELTS test is recommended by Canadian Immigration.
International applicants who are admitted to Ivey will also be required to submit the following documents upon, or prior to, their arrival:
- One copy of their original diploma
- One official certified transcript from each foreign institution with English translations
The Student Experience
Here we provide helpful information on moving to Canada, studying at Ivey, and navigating the admissions process as an international applicant.
After our Round 4 deadline, we no longer accept applications for the March intake from any international candidate that will require a study VISA. If you are an international candidate, we urge you to submit as soon as possible to allow sufficient time for student visa processing and to review visa processing times before submission. We process applications on a rolling basis, and both admissions and scholarship decisions are handed out between application deadlines.
Financing for International Applicants
Download Financial Aid Brochure - International
Scholarships and Awards
Applicants to the Ivey MBA Program will be considered for merit-based awards and scholarships. Most of these awards and scholarships are available to international students. Applicants must complete the financial aid section of the online MBA admission application. There is no separate application for individual scholarship consideration.
International candidates of exceptional quality are automatically reviewed for admission awards ranging from $10,000 to half tuition. Candidates will be assessed on academic merit and leadership qualities demonstrated through education, activities and work experience. Candidates who are selected to receive a scholarship or award will be notified at the time of the admissions offer.
Ivey Global Leader Award
The Ivey Global Leader Award recognizes high-performing candidates who have demonstrated leadership potential in their previous experience and who will bring valuable international perspectives to the classroom environment. We have ten Ivey Global Leader Awards available at a value of $50,000 CDN each. You must have been born outside of Canada and be residing in Africa, Asia, Europe, South America, or the Caribbean at the time of application. You must also meet our academic admissions standards (GPA and GMAT) as well as demonstrating strong performance in the admissions interview process. Recipients will be determined by the admissions committee.
International Student Loan Opportunity with Libro Credit Union
Must be invited to apply.
The MBA Admissions Committee selects a limited number of qualified incoming International MBA students the opportunity to apply for a LIBRO Credit Union loan. Selected students will be notified at the time they receive an offer of Admission to Ivey’s MBA Program. The Admissions Committee will select students based on academic merit, demonstrated leadership potential, and financial need.
Ivey has partnered with LIBRO Credit Union to offer a non–co-signed loan opportunity for a limited number of qualified incoming international MBA students. This loan program does not require a Canadian co-signer. Specific information will be made available to eligible candidates.
Other Resources for International Student Financing
There are many additional sources that international candidates should explore for external financing options. Helpful resources include:
- Government of Canada – International Student Scholarships
- Indian Association for Canadian Studies
- Scholarships 4 Students From Developing Countries
- List of Canadian Embassies*
*Canadian embassies sometimes administer scholarships to students such as the Commonwealth Scholarship, or others that result out of agreement between Canada and another country.
Prodigy Finance
Prodigy is no longer accepting loan applications for students beginning programs between October 2020 to June 2021. They may restart lending in July 2021. We will update this page as information changes.
Prodigy Finance is an additional option to assist our international students in financing their MBA. If you have explored all financing options and still have a financial gap to financing your MBA, you can explore this option on Prodigy Finance's website.
The application should take between 30-60 minutes to complete and Prodigy Finance will determine your eligibility in approximately 48 hours. It is important to understand that this application and loan process is managed solely by Prodigy Finance and the School does not play a role in the terms or eligibility decisions.
MPOWER Financing
MPOWER Financing was created as a Public Benefit Corporation to help promising students from around the world who need assistance in funding their degree, when traditional financing is unavailable. Use the above link to learn more and apply.
MPOWER Financing also offers an opportunity for a scholarship for International students. Please find more details: Scholarships.
Please note that this application, loan/scholarship is managed solely by MPOWER Financing and Ivey does not play a role in the terms or eligibility decisions.
HDFC Credila – for students from India studying in Canada
HDFC Credila offers a completely customized product for borrowers who opt to pursue their university/college education in Canada.
Funding for: cost of attendance + cost of living + any other education related expenses
Dedicated Relationship Managers with door step service
Flexible repayment options with 180 months (15 years) loan tenure
For more information please visit: https://www.hdfccredila.com/
The School (Ivey) does not play a role in the terms or eligibility decisions.
GradRight Financing – for students from India studying in Canada
GradRight is a platform where lenders bid for student loans. Loans are offered to Indian nationals on GradRight by banks, NBFCs and international lenders. The basic service is free, while optional loan selection advisory service fees are capped at CAD 270 by GradRight. Ivey Business School does not charge any fee from students or GradRight for this service.
The School (Ivey) does not play a role in the terms or eligibility decisions.
Standard Loan Options
We encourage all international students to investigate all sources of funding within their home country, including government and private loans. 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.
| Bank | Contact |
|---|---|
|
Program Maximum $80,000-$100,000* |
Nelson Ceballos (Branch Manager) nelson.ceballos@td.com |
|
Mitchel Scherer mitchel.scherer@td.com |
|
|
Nav Thiara nav.thiara@td.com |
|
|
Becky Sutton (519) 673-6020 ext. 231 |
|
| Bank | Contact |
|---|---|
|
Program Maximum $115,000 with 2 yr grace period (Must have PR status or Canadian co-signer with good credit history) |
Rob Stewart (Masonville Branch) robert.stewart@rbc.com |
|
Paul Kebati (Masonville Branch) paul.kebati@rbc.com |
Contact Us
Each candidate’s financial situation and application profile is unique. We encourage you to contact us if you have any questions about options for financing your MBA or would like more information.
Email: finaid@ivey.ca
Phone: 1 (519) 850-2520
Moving to Canada
Moving to Canada can be an overwhelming and exciting experience. There's a lot to prepare for before you leave and a lot to consider when you arrive. We've included some resources to assist you. Please don't hesitate to reach out with any questions.