Skip to Main Content

Scholarships, Awards and Student Loans

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 some of the largest merit scholarship funding in Canada.

Download Financial Aid Brochure - Domestic Download Financial Aid Brochure - International

Scholarships and Awards

Applicants must complete the Scholarships section within the online MBA admission application. There is no separate application for individual scholarship consideration. Scholarship recipients will be notified with their admissions offer prior to the start of the program.

Approximately 80% of our incoming students (both domestic and international) receive an admission scholarship.  The range of our scholarships are $10,000 to $65,000 with the average amount awarded $25,000.

There is also an extensive number 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.

Bank Loans

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 and 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%; TD Canada Trust, RBC and CIBC rate is prime + 0.0%). 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.

If you are working with someone at your own local branch, please ensure they contact the London Branch using the contact information below - not all branches are aware of these special rates.  

 

Bank Contact Email/Telephone Program Maximum
BMO Tammy Craigwell tammy.craigwell@bmo.com
(519) 667-6308
$110,000 - $135,000
   
Scotiabank Hatem Abouzeenni hatem.abouzeenni
@scotiabank.com
 
(519) 642-2376
$70,000 -
$110,000 for a combined MBA
Royal Bank of Canada Rob Stewart robert.stewart@rbc.com
(519) 660-4235
$115,000 with a 2-year grace period

Sarah White

 

Natalee Blake

sarah.g.white@rbc.com
(519) 472-6697

natalie.blake@rbc.com
(519) 660-7662

TD Canada Trust

Bhat. R (University Gates Branch) BRANCH MANAGER

 

Mitchel Scherer 

 

Nav Thiara

 

 

ravi.bhat@td.com
(519) 673-6020 ex. 250

mitchel.scherer@td.com
(
519) 673-6020 ex. 232


nav.thiara@td.com
(519) 673-6020 ex. 300

$80,000  - $125,000* with a 2-year grace period

MBA students do not need co-signors contingent on good credit standing.  

  • some conditions may apply and vary
CIBC

Simon Belz

simon.belz@cibc.com

1 (866) 682-9569


Flexible Guideline of $125,000

1 year grace period post graduation

Brian Lawson

brian.lawson@cibc.com

(519) 661-8182 x350

   

International Students

Please see the International Applicants page for more information about financing for international applicants.

MBA Entrepreneurship Fellowship

The Ivey MBA Entrepreneurship Fellowship is a scholarship for professionals with achievements and an interest in entrepreneurship and start-ups. Prospective candidates are dedicated in pursuing a career in entrepreneurships and will have access to an array of resources and coaching.

Government Funding

The Government of Canada and its Provincial Governments offer a variety of loan programs to help graduate students finance their studies.

OSAP and 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 and 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 here

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.