We understand that the cost of earning an MBA is a major factor in your decision. This degree is an investment in yourself and your future career trajectory.
Your MBA can unlock doors to new roles and industries and have a positive impact on your earning potential. Scholarships, bursaries, admissions awards and financing options are available to support the expense of your investment.
* All fees are approximate and listed in Canadian dollars (CAD). Fees are subject to change at any time.
| Domestic tuition | 2025/2026* |
|---|---|
| Full-Time MBA with Co-op Program | $59,200 |
| Full-Time MBA Program | $53,000 |
| Full-Time Accelerated MBA Program | $26,000 |
| Part-Time Accelerated Program | $33,000 |
| Blended Learning Part-Time MBA Program | $60,800 |
| Executive MBA | $95,300 |
| International tuition | 2025/2026* |
|---|---|
| Full-Time MBA with Co-op Program | $114,200 |
| Full-Time MBA Program | $107,300 |
Students can apply for non-repayable scholarships (also known as awards) and bursaries based on academic and extracurricular achievements.
All students in the Full-Time MBA and MBA with Co-op programs are eligible for entrance scholarships at the time of admission. MBA admissions awards, ranging from $2,000 to $30,000, are automatically granted to eligible domestic and international full-time MBA students at the time of application.
In 2024, the average award value was $13,000 with $1.5 Million in entrance scholarship funding available in total.
Max. $15K
The DeGroote MBA Admission Scholarship Competition encourages excellence in the DeGroote School of Business MBA program. It is designed to recognize and assist outstanding prospective and incoming students who have received an offer to the Full-Time MBA or Full-Time MBA with Co-op Program. Top admitted students from Round 1 and 2 of the admission cycle are invited to apply for this prestigious competition (Deadline to apply November 26, 2025). Selected candidates will be asked to submit a video application in response to the question provided. Finalists will move forward to the virtual interview where a small panel of DeGroote MBA Alumni will interview and rank all finalists. If any student receiving an admission scholarship declines their offer, the award will be reallocated based on the final round rankings.
Learn moreMax. $30K
Range from $2,000- $30,000. Applicable only to Full-Time MBA and Full- Time MBA with Co-op applicants and are assessed at the point of admission.
Max. $15K
Established in 2020, the DeGroote School of Business Graduate Award for Indigenous Learners is supported by the Faculty of Business to address inequalities in access for Indigenous learners and to assist in removing barriers. The award is tenable throughout the length of the program. Up to five (5) awards will be offered each year (for entrance in the Fall term) to include tuition as well as additional related expenses, to a maximum of $15,000 per academic year, tenable throughout the normal length of the degree, to enable engagement and success in the program.
Learn moreMax. $10K
MBA candidates who are enrolled in DeGroote’s Full-Time MBA programs have the opportunity to apply for additional scholarships. These scholarships range from $500 to $10,000. A full list of opportunities will be made available to MBA candidates in September via McMaster University’s internal AwardSpring scholarship system.
Learn moreMin. $1K
Visit the McMaster's Office of the Registrar to see the funding that might be applicable to you. Applications open mid-August and close in mid-January for admitted students beginning the program in September 2026.
Learn moreFull-time students can apply for Teaching Assistant positions. Opportunities are posted throughout the year.
Students in the Full-Time MBA and Full-Time MBA with Co-op have the opportunity to pursue paid work opportunities. Salaries vary depending on the type of position, market competition, student qualifications, and the company.
The Ontario Student Assistance Program (OSAP) is available to Canadian citizens or landed immigrants who are residents of Ontario. You should apply as soon as the application forms are made available in late May. This option is not available for Blended Learning Part-Time MBA.
We have compiled a list of financial aid resources that support both domestic and international students to ensure that no exceptional candidate is prevented from enrolling due to financial constraints.
A student line of credit* is a flexible, affordable way to pay for school. Here’s how:
BMO is here to help you focus on what’s important – your studies. BMO is offering DeGroote students’ a low-interest rate of BMO’s Prime Rate + 0.5% while you’re in school; up to a limit of $90,000 depending on your program or borrowing needs*.
*Terms and conditions apply
Part-time students may not qualify for the full maximum academic year credit limit. Annual education expenses will determine the credit limits for these students. Expenses may include the cost of all courses for the year, such as tuition and books, etc. For correspondence courses, the credit limit cannot exceed the total costs for the course. Carry-over may be allowed, however discretion should be exercised and assessed based on the budget the student provides.
Branch staff at these locations will be available to answer any questions you have related to your graduate studies. To access the DeGroote specific PSLOC rate you’ll need to visit one of the branches listed below.
1841 Walkers Line
Burlington, ON
L7M0 H6
Branch Manager – Shawn Hokansson
E-mail: Shawn.Hokansson@bmo.com
Phone : 905-336-3726
81 King Street West
Hamilton, ON
L9H 1T5
Branch Manager – Jaclyn Del Rosso
E-mail: Jacylyn.derosso@bmo.com
Phone : 905-628-2284
50 Bay Street South
Hamilton, ON
L8P 4V9
Branch Manager: Rita Vetresnco
E-mail: rita.ventrescasantini@bmo.com
Phone: 905-526-7463
The Forté MBA Fellowship was created the to remove a significant barrier to women pursuing business education with a goal to creating support for gender equity in business schools. The fellowship provides financial support to exceptional students pursuing an MBA and includes unique networking opportunities from Forté.
DeGroote is proud to award several Forté Fellowships each year to highly qualified women entering either the Full-Time MBA program or the Full-Time MBA with Co-op program.
To be considered for a fellowship – you must submit a strong MBA application (no additional application is required). Candidates must demonstrate exemplary leadership in one or more of the following: academic leadership, team leadership, community leadership, and creative leadership. A commitment to Forté’s mission of launching women into fulfilling, significant careers through access to business education, opportunities, and a community of successful women is also required. Please include this information as part of your MBA application.
For further details about the fellowships please reach out to mbainfo@mcmaster.ca.
* Note: DeGroote does not play any role in determining loan eligibility with OSAP or out-of-province programs.
Residents of Ontario
Out-of-province residents
Canadian financial institutions currently only offer loans or lines of credit to students who hold permanent residency status or have a Canadian co-signer. As such, we recommend international students consider securing a bank loan from their home countries to finance their studies. Students may also explore the following options below:
Global
Country-specific
The Forté MBA Fellowship was created the to remove a significant barrier to women pursuing business education with a goal to creating support for gender equity in business schools. The fellowship provides financial support to exceptional students pursuing an MBA and includes unique networking opportunities from Forté.
DeGroote is proud to award several Forté Fellowships each year to highly qualified women entering either the Full-Time MBA program or the Full-Time MBA with Co-op program.
To be considered for a fellowship – you must submit a strong MBA application (no additional application is required). Candidates must demonstrate exemplary leadership in one or more of the following: academic leadership, team leadership, community leadership, and creative leadership. A commitment to Forté’s mission of launching women into fulfilling, significant careers through access to business education, opportunities, and a community of successful women is also required. Please include this information as part of your MBA application.
For further details about the fellowships please reach out to mbainfo@mcmaster.ca.
MPOWER Financing
MPOWER Financing is the leading provider of no-cosigner loans to students from around the world. MPOWER loans are based on a student’s career potential and can cover tuition and other education-related expenses.
Key features:
Visit their website, call them at +1-647-503-4607, or email themhere.
Note: DeGroote MBA students pursuing the 28-month Co-op program are now eligible for funding through MPOWER Financing! Approved students will be responsible for making in-school payments for up to 30 months. For students in the MBA co-op stream, full repayment may start as early as 2 months after completion of the co-op program.
Prodigy Finance
Prodigy lends internationally based on your future potential. You can travel across the world to get a top-tier master’s degree—without worrying about collateral or a co-signer. Both Full-Time MBA and Full-Time MBA with Co-op are supported.
Key features:
For more information, visit their website or email them at info@prodigyfinance.com
HDFC Credilia
HDFC Credila offers a completely customized product for Indian nationals who opt to pursue their university/college education in Canada.
For more information, please contact Mr. Tushar Adole
[1] Terms and conditions apply.
[2] The interest rate offered will vary on a case-by-case basis and on individual merits.
Note: DeGroote does not play any role in determining loan eligibility with MPOWER Financing, Prodigy or HDFC Credilia.
*Payments to your student account are intended specifically to cover all outstanding charges directly associated with your education at McMaster University. Your student account should not be utilized as an intermediary for transferring funds. By adhering to this policy, we ensure the proper allocation of funds and maintain transparency in financial transactions. Refunds related to payments originally received through private lender must be returned to the lender by the student. The student is responsible for any foreign exchange transaction costs related to the borrowed amount. Learn more.
DeGroote does not guarantee, co-sign, or endorse any of these specific programs of funding. Any students engaging with third-party lenders must follow McMaster University’s Third-Party Sponsorships policy.
