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 | $53,800 |
| Full-Time MBA Program | $47,800 |
| Full-Time Accelerated MBA Program | $24,000 |
| Part-Time Accelerated Program | $30,000 |
| Blended Learning Part-Time MBA Program | $60,800 |
| Executive MBA | $95,300 |
| International tuition | 2025/2026* |
|---|---|
| Full-Time MBA with Co-op Program | $120,500 |
| Full-Time MBA Program | $113,500 |
Students can apply for non-repayable scholarships (also known as awards) and bursaries based on academic and extracurricular achievements.
All full-time students in the MBA, MBA with Co-op and Accelerated programs are eligible for entrance scholarships at the time of admission. MBA admissions awards, ranging from $2,500 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 MBA or MBA with Co-op Program. Top students, selected by the MBA Recruitment and Admissions Team, are invited to apply for this prestigious competition. In Round 1, selected candidates will be asked to submit a video application in response to the question provided.
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 MBA or MBA with Co-op Program. Top students, selected by the MBA Recruitment and Admissions Team, are invited to apply for this prestigious competition. In Round 2, 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. $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.
Learn moreMax. $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 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.
* 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
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 them here.
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 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.
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.
