How much does it cost to study in Canada and what are its most prominent universities?

How much does it cost to study in Canada and what are its most prominent universities?

Learn more about our general scholarships, master’s scholarships for female students, and how they can support a diverse and talented workforce. See a list of past winners and find out who to contact for more information.

A diverse and talented workforce
The Bank’s scholarships reflect the importance we place on diversity of people, ideas and disciplines. These scholarships encourage Canadians to consider a career in a field related to the Bank’s work as a central bank and help them pursue their education. It is part of the Bank’s overall goal to reflect the diversity of the population it serves, knowing that a diverse and talented workforce can foster innovative thinking that leads to better outcomes for Canadians.

General Fellowships
The purpose of these scholarships is to assist students with disabilities, Aboriginal students, and those who identify as people of color, visible minorities or ethnicized groups to further their education, while encouraging them to pursue areas related to the Bank’s work. This includes the following areas:

economics and finance
Administration and operations;
information technology and cybersecurity
Human Resources;
These scholarships of $4,000 CDN each are awarded to deserving students to support the removal of barriers to education and the diversity of our workforce.

Criteria and Application
Application Period
The application period is from May 10 to August 8 each year. Nominations and supporting documents must be received by the Bank of Canada by 11:59 p.m. (Eastern Time) on August 8.

Accommodation and Assistance
If you require accommodation or support during the application or selection process due to a disability or for any other reason, let our team know. We can assist you in a number of ways, from submitting your application to participating in the interview. Contact us at to discuss the process.

To be eligible for one of these awards, you must:

Be a Canadian citizen or permanent resident of Canada;
be enrolled in a full-time or part-time post-secondary or graduate program in a field related to the Bank’s business, including
Economics and Finance: Economics; Computer Science; Mathematics or Statistics; Commerce or Business Administration with a major in Finance;
Administration and Operations: financial services; business administration and administration; project management; human resources; communications and e-communications; internal audit; money production; knowledge and information management; security;
Information technology and cybersecurity: software development; network engineering; solutions architecture; project management; operations analysis; cybersecurity.
Have an overall average of at least 70%;
Meet other criteria applicable to students with disabilities, Aboriginal students and students who identify as a visible minority;
Submit an online application with the following supporting documents:
A current resume;
A cover letter of no more than 500 words introducing yourself, your career aspirations and why you chose your field of study;
Official or unofficial transcripts from your college or university studies. You must clearly indicate in your application the list of relevant courses you have taken.
Students with disabilities
In addition to the above eligibility criteria, you must identify yourself as a person with a disability. You may wish to consult the definition included in the Employment Equity Act. The successful applicant will be required to provide a confirmation of eligibility form completed by their physician confirming the existence of a disability.

Aboriginal Students
In addition to the above eligibility criteria, you must be a Status Indian, Non-Status Indian, Inuit or M├ętis. The Bank of Canada manages the application process for Aboriginal students in collaboration with Indspire. Visit their website for more information.

Employment Opportunities
Successful applicants may be offered summer employment or internships during their undergraduate studies, or term employment as research assistants if they choose to gain work experience after graduation and before beginning their Master’s degree.


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