What is the maximum scholarship can I get with my good GMAT or GRE score in Canada?

Students can apply for or get GMAT scholarships, which are most likely need- or merit-based, to assist them in realizing their objectives and goals of enrolling in management courses abroad.

International MBA scholarships are often awarded based on a minimum GMAT score, which can vary from university to institution. Your odds of winning a scholarship based on merit increase with your GMAT score. 

Also, remember that scores on exams like the GMAT mainly depend on the university you are applying to. However, it is ideal if your GMAT score exceeds the school's most recent entering class. For instance, a GMAT score of at least 730 will get you into the top 10 foreign business schools. Similarly, a score of over 700 will be regarded as a respectable GMAT score if you apply to the top 25 business schools.

Additionally, you qualify for merit-based scholarships. Your eligibility for a merit scholarship would be contingent on your GMAT score, albeit this would entirely depend on the university or higher education institution. You will find it simpler to get a merit scholarship the higher your GMAT score is.

A strong GRE score can serve as a stepping stone for those who want to study abroad. International students might receive financial aid through the GRE scholarship depending on their academic performance and merit. For GRE scholarships, no precise dollar amounts are mentioned. Scholarships for the GRE are awarded based on performance. Universities offer students several different kinds of GRE grants. The only goal of GRE scores is to guarantee a spot in the programs that the candidates want to attend. GRE scores are also a requirement for receiving a scholarship at colleges all around the world.

A high GRE score can help you acquire money from colleges, but unlike other admission examinations, it is not mainly used to get scholarships in the world's top universities. That is astounding given how expensive tuition and living expenses are at the world's best universities. A solid academic background and a high GRE score can significantly lower applicants' costs.

Higher GRE scores are a sign of academic achievement and the ability to enroll in the best universities in the world. Most top universities worldwide have stringent scoring standards, which automatically qualify applicants for university scholarships. Therefore, a candidate who wishes to be considered for the scholarships must have an undergraduate GPA of 60–70% and a strong GRE score. Therefore, GRE scores are crucial for obtaining scholarships from prestigious universities worldwide.