All-Inclusive Program Fee
The Full-time MBA program fee includes program enrollment; all books, case materials and other instructional supplies; academic events like case competitions; and career related non-academic events, including executive coaching.
An initial deposit is required at the time of enrollment. The balance of the fee is paid in three installments during them program.
| Schedule | Due Date | Domestic | International |
|---|---|---|---|
| Deposit | Upon Acceptance | $6,000* | $6,000* |
| First Instalment | January 10, 2025 | $21,961 | $30,666 |
| Second Instalment | May 1, 2025 | $27,962 | $36,667 |
| Third Instalment | September 1, 2025 | $27,962 | $36,667 |
| Total | $83,885** | $110,000** |
*non-refundable
**Additionally, all students are required to pay Student Activity Fees of approximately $1600.00. These fees are assessed at the beginning of the program. International students will also be required to purchase the University Health Insurance Plan (UHIP) if they cannot provide evidence of equivalent coverage. Key information can be found here. The fees above include the Student Assistance Levy of $33.33 per term.
A person is classified as a Domestic Student if they have Canadian citizenship, landed immigrant status, permanent resident status or dual Canadian citizenship. For more information on what classifies a Domestic Student please find the exemptions category tab. Fees are subject to final approval from the Queen's Board of Trustees.
70% of Full-time MBA students receive scholarships
Learn more about the scholarship opportunities and financing options that are available to you.
Learn more about scholarships and financingThe True Cost of an MBA Program
Realize a faster return on your investment - unlike most full-time MBA programs, you can earn your MBA in only 12 months. This key Smith advantage greatly reduces your opportunity cost in lost wages and total expenses. Reduced costs and improved job prospects make Smith's Full-time MBA an excellent investment in yourself.
When evaluating the true cost of an MBA program it is important to consider all costs, including tuition, student fees, learning materials, living expenses and lost wages while in the program.
$18,000 - 20,000
Average estimated cost of living per year
(based on individual preferences)
| Monthly Breakdown | |
|---|---|
| $800 - $1200 | Accommodation (in most cases will include utilities) |
| $300 - $400 | Food |
| $100 - $200 | Phone + Internet |
| $50 - $100 | Entertainment |
| $100 - $200 | Misc. (clothing, laundry) |
Your standard of living is another factor that will determine your total expenses. For example, it will be less expenses to secure shared accommodation, as opposed to single.
70% of Full-time MBA students receive scholarships
Learn more about the scholarship opportunities that are available to you.
Scholarship InfoFinancing
Those accepted into the Full-time MBA Program can now apply for OSAP. As stated on the OSAP website, OSAP is a needs-based program and provides eligible Ontario students with financial assistance to help pay for their tuition, books, mandatory fees, living costs, and transportation. Please visit OSAP to determine your eligibility and to apply for an OSAP loan.
Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. We recommend you reach out to one of the contacts below, as they are familiar with our program and your financing needs.
Alternatively, please contact the RBC Advice Centre at 1-800-769-2511 or visit your local RBC branch to speak to an advisor.
Canadian citizens and permanent residents of Canada only. Acceptance to the program does not guarantee or imply qualification for financing.
RBC Contacts
Suzanne Doherty
suzanne.doherty@rbc.com
1.613.544.5640
Afsheen Asif
afsheen.asif@rbc.com
1.613.545.5746
Gillian Reynard
gillian.reynard@rbc.com
1.613.389.4922
If you do not qualify for a merit-based scholarship, we encourage you to visit the many financial assistance websites available to students across Canada for more information about bursaries, grants, fellowships, and other Government loan programs.
There are a variety of Canadian Government loan programs available to financially assist graduate students in their studies. Please click on each to find out more:
For international students only.
MPOWER Financing offers loans to international students. To learn more or to start an application go to the MPOWER Financing website.
Questions? mpower.me@mpowerfinancing.com
Prodigy Finance broadens access to education for international students through study loans that don't require co-signers, collateral, or a credit history. To learn more or to start an application, visit Prodigy Finance.
Other Options
You may also choose to obtain student loans that have been secured through your home country. You should contact the appropriate student loan processing agency in your country for further information.
You may also investigate third-party agencies such as:
- Sallie Mae
- Global Student Loans
- US Federal Direct Students Loans
- PLUS
Note: Acceptance to a program does not guarantee or imply qualification for financing.
Participants who pay all or part of the program fees personally are eligible to claim a tuition tax credit on the tuition portion of the fees. For more information, ask a professional income tax advisor to give you an assessment of the impact of your tuition on your personal tax situation.
You and/or your spouse may be eligible to make tax-free withdrawals from your RRSPs to help fund your education. This program is considered full-time and is eligible for withdrawals under the LLP. Please contact your income tax advisor for details.