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 $47,000
Full-time Program $42,000
Part-time Program $57,500

The approximations for the Co-op and Full-time options are based on 2017 – 18 amounts and are subject to change. The amount for the part-time option is pending university and ministry approval.

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.

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.

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 1-888-660-5958 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!