It's important to consider all of the costs associated with pursuing a masters program. In addition to tuition, it's important to consider cost of living in the city you choose, as well as other academic expenses you may incur throughout the year.
Below is an estimate of costs for the Ivey MSc program - all funds are in Canadian dollars. The Tuition amounts listed below represent the cost for the entire 16-month program.
September 2024 & January 2025 intake*
September 2024 Intake (Business Analytics and Digital Management)
| Tuition | Cost |
|---|---|
| MSc - Domestic Students | $38,250.00 |
| MSc - International Students | $81,180.00 |
| MSc - Domestic Students + CEMS MIM | $47,810.00 |
| MSc - International Students + CEMS MIM | $92,250.00 |
January 2025 Intake (International Business)
| Tuition | Cost |
|---|---|
| MSc IB - Domestic Students | $38,250.00 |
| MSc IB - International Students | $81,180.00 |
January 2025 Intake (International Business - CEMS)
| Tuition | Cost |
|---|---|
| MSc IB with CEMS MIM - Domestic Students | $43,200.00 |
| MSc IB with CEMS MIM - International Students | $87,380.00 |
Upon admission, a tuition deposit in the amount of $2,000 CAD is due to confirm your seat in the program.
Subsequently, tuition (+fee’s) is due at the beginning of each of the four MSc terms of the program.
| IB or IB CEMS | BA or DM | Approx.Amount (Total Tuition + Fee’s) | |
|---|---|---|---|
| Term 1 | January | September | 25% (less $2,000 Deposit) |
| Term 2 | May | January | 25% |
| Term 3 | September | May | 25% |
| Term 4 | January | September | 25% |
*Tuition amounts listed above are subject to change and are pending University Senate approval.
Academic Expenses **
| Expense | Cost |
|---|---|
| Western Ancillary Fees (Bus Pass, Gym Membership) | $1700 |
| MSc Association Student Fee | $400 |
| International Students - UHIP (Health Insurance) | $1010 |
| Casebooks and Supplies (Course Material Fee’s) | $2,600 (Approximate) |
| Block Seminar, Global Citizenship Seminar (CEMS students only) | $300-$600 |
**Subject to change
Monthly Living Expense Estimates***
| Expense | Cost |
|---|---|
| Rent | $1,400 |
| Utilities/ Internet | $100 |
| Food | $400 |
| Entertainment | $150 |
| Clothing | $125 |
| Cell Phone | $100 |
| Miscellaneous | $100 |
| Laundry | $50 |
| Monthly total: | $2,425 CAD |
***Monthly estimates are based on the cost of a one- bedroom apartment. Many MSc’s share apartments and subsequently find lower rates together in larger building/houses.
***Rental rates vary depending on the location, amenities available and whether personal hydro is included.
***CEMS students are responsible for their own travel and living expenses while on exchange.
Ivey Global Lab Expenses
| Expected Costs |
Flights, VISA processing fees, extra meals, leisure spending. |
$2,500 - $3,000 CAD (Approximate) |
| Included Costs | Accommodation, Breakfast Daily, Transportation to and from client site. | Paid by Ivey |
| Optional Costs | Pre or post-trip personal travel | up to $3,500 CAD |