We understand that one of your major concerns is likely the cost of doing an MBA. But by investing in an MBA today, when you graduate, you will unlock doors not only to better career options, but to a higher salary. Plus, from scholarships, bursaries, and admissions awards to paid co-op work terms, there are a number of ways to cover the costs of your MBA.


Approximate domestic tuition for the whole program:

Co-op Program$49,000
Full-Time Program$43,000
Accelerated Program (Full-time)$23,500
Accelerated Program (Part-time)$27,000
Blended Learning Part-time Program$57,500

Approximate international tuition for the whole program:

Co-op Program$88,000
Full-Time Program$82,000

The fees estimated above apply to only 2018/19 and are subject to change.

Please let us know if you have any questions about tuition.

Scholarships and Awards*

  • MBA entrance scholarships from $2,000 – $10,000 based on your admission average and GMAT score are provided. GMAT scores of 640 and higher could significantly increase the scholarship amount.
  • Applications for other scholarships and bursaries are accepted from mid-September to mid-October and range between $500 – $15,000. A full list of scholarships and bursaries are found in our MBA academic calendar.
  • An admission award is provided to any student who scores 700 or higher on the GMAT (if they have not already received an entrance scholarship). Admission awards are usually worth $2,000 – $3,000.

*Available for only full-time students in the Full-time, Co-op and Accelerated programs.

TA Positions

Full-time students can apply for Teaching Assistant positions. Opportunities are posted throughout the year.

Co-op Work Terms

If you are in the Co-op program, each work term is typically a paid position with a competitive salary. 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 to Blended Learning Part-time students. 

Student Line of Credit

As the financial institution chosen by McMaster University to offer student lines of credit, TD Canada Trust can help you finance your studies. To discuss your options, visit any TD Canada Trust branch, call 1-855-882-6918 or visit their website.

Ask a Question

Let us know if you have any questions about tuition, expenses, financial aid, or budgeting. We’re here to help!