Ivey PhD Program

Admissions &
Finance

Finance

Our Funding Commitment to Students

All students admitted to our Program are guaranteed a competitive four-year funding package. The current minimum PhD funding package is $27,700 per year*. International students also receive a PhD tuition grant that covers the difference between domestic and international tuition. Funding is tax free and there is no formal “funding” application process. 

We also offer our students $8,000 over the course of their PhD career to present their research or serve as discussants at eligible conferences, and an additional $3,000 to help defray expenses related to their thesis research. Students whose thesis research has an international focus may apply for additional funds from the Engaging Emerging Markets Centre. 

*The funding amount will increase significantly if students win an Ontario Graduate ScholarshipSSHRC Fellowship, and other eligible scholarships. To remain eligible for support, students must demonstrate acceptable progress in their studies and maintain full-time registration in the program. The funding package is given to students for four years.

Internal Program Funding

The PhD Program recognizes and appreciates the generosity of individuals, businesses and organizations who invest in our students. The following is a list of all the internal scholarships offered at Ivey for PhD students:

  • Bank of Montreal PhD Scholarship
  • Brock Scholarships
  • Andrew Chisholm Doctoral Scholarship
  • The Berdie & Irvin Cohen Fund for Doctoral Business Scholarship
  • G. Mark Curry Doctoral Scholarship
  • C.B. (Bud) Johnston Ontario Graduate Scholarships
  • Professor Al Mikalachki PhD Research Fund
  • John F. Rankin Doctoral Scholarship
  • S. Chum Torno PhD Scholarship
  • Pierre L. Morrissette Institute for Entrepreneurship Doctoral Scholarships

 External Scholarships and Loan Options

Students are strongly encouraged to apply to external scholarships including the Ontario Graduate Scholarship and the Social Sciences and Humanities Doctoral Fellowship if eligible.  Links to these and other scholarships may be found in the following list.

BMO and TD Canada Trust Preferred Loans for Ivey PhD Students Only

Ivey has partnered with the BMO Bank of Montreal and TD Canada Trust to create competitive loan packages for Ivey PhD students. The loan resembles a personal line-of-credit where you are charged interest every month. Each assesses your application against their lending criteria. Each institution has designated one London branch to handle all Ivey PhD loans. This allows more personalized and efficient service for each student. We encourage you to compare the fees and terms of all student loan products in the chart found below to determine which is best suited to your needs. $60,000 ($15,000/year for 4 years) Minimum Eligibility: Canadian citizens & permanent residents.

BankContactEmail/TelephoneTerms
Logo BMO Cathy Walker Email Cathy
(519) 667-6308
$60,000
($15,000/year for 4 years)
Brenda Lee
Picken-Zeran
Email Brenda
(519) 667-6150
Minimum Eligibility: Canadian citizens & permanent residents.
Logo Canada Trust Teri Ambrose Email Teri
(519) 657-2826 x248
$48,000 (assuming no undergraduate debt)
Minimum Eligibility: Canadian citizens & permanent residents. International students who do not yet have permanent residency status, but do have a strong Canadian co-signer may consider a loan with TD Canada Trust.


Residents of India may also consider a loan from their home country by contacting HDFC Bank.

BankContactEmail/TelephoneTerms
Logo Hdfc Neeraj Bassi neeraj.bassi@hdfcbank.com
Cell: 932089508

$44,000

Minimum Eligibility: For residents of India.


US Government Direct Lending Program

Western University participates in the US government Title IV program known as the William D. Ford Federal Direct Loan Program. American students may apply for Stafford loans; parents of dependent undergraduate students may apply for PLUS loans. In addition to the Stafford loans, graduate and students in professional programs may apply for Grad PLUS loans. Students attending a school outside of the US are not eligible for grants offered through the Direct Loans program.

Please click Here for more information.

Tuition Fees

All PhD students must register and pay fees three times during the academic year (September, January and May). Tuition is set by Western University and is subject to change each year. For further information, please click here (and select the "Tuition Fee Schedules" link). 

Average Cost of Living

It is important to consider all costs associated with a PhD program when selecting a school. Below is a summary on the costs associated with living in London and in other Canadian cities

ExpensesLondonTorontoMontrealVancouverEdmonton
Rent $ 900 $ 1,314 $ 1,017 $ 1,350 $ 1,224
Groceries $ 500 $ 545 $ 570 $ 555 $ 604
Restaurants $ 100 $ 104 $ 92 $ 104 $ 104
Transportation $ 80 $ 100 $ 82 $ 100 $ 88