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.***
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.
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.
Prime + .5%
$70,000 with a two-year grace period.
No cosigner required.
External Funding Opportunities
As aspiring leaders destined for career success, Ivey MSc applicants are competitive candidates for various external scholarship opportunities. We encourage all students to visit yconic, International Financial Aid and College Scholarships and Scholarships Canada. These sites contain numerous awards and one of them may be just right for you.
The Government of Canada and its provincial governments offer a variety of loan programs to help graduate students finance their studies. Learn more about:
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. 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 CanLearn to find your province or territory listing.
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 (RRSP) 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.
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 is an additional option to assist our international students in financing their MBA. If you have explored all other options and still have a gap in 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. The application is open 9 months prior to the Program start. There is a $100 USD application fee to apply. 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. In terms of the eligibility rule, this is based on the time of Prodigy Finance application, applicants need to have not lived in Canada (campus country) for more than 90 days when they apply for the loan. Please be sure to apply to Prodigy before you come to Canada if you are coming before the Program.
Have questions? Prodigy offers biweekly webinars. Register here.
NOTE: Please plan for Prodigy Finance loans to ONLY cover tuition and fees. Please seek living expenses from another resource as Western University (main campus) cannot reimburse you any overpayment for living expenses.
Please note the application is not open until the beginning of June each year for the following March intake.
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. Funding available for both tuition and living expenses. 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. NOTE: Please plan for MPOWER Finance loans to ONLY cover tuition and fees. Please seek living expenses from another resource as Western University (main campus) cannot reimburse you any overpayment for living expenses.
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.
WeMakeScholars (for students from India studying in Canada)
WeMakeScholars is a single platform to check your eligibility for loans and submit to multiple lenders. In addition, this is a platform to assist with sourcing scholarships. Please visit the WeMakeScholars website.
* The School (Ivey) does not play a role in the terms or eligibility decisions.