Your employer may recognize that sponsoring your tuition is an excellent investment in the strength of their organization. They may also be eligible to claim your tuition as a tax deduction. To learn more, contact Canada Revenue Agency.
If you require assistance demonstrating the value of sponsoring your tuition, please download our Executive MBA Corporate Sponsorship brochure. Please contact our office for guidance and support in presenting your case for sponsorship.
Bursaries & Scholarships
Travel and Accommodation Bursary Program
If your participation in the Ivey Executive MBA Program requires incurring major travel or accommodation costs, you may be eligible for subsidies.
- Students travelling from > 100km from the GTA are eligible for accommodation reimbursement.
- Students travelling from > 400km from the GTA, out of province, or, out of country are also eligible for travel reimbursements.
To find out if you qualify, please contact us.
EMBA Indigenous Learners Entrance Scholarships
Applicants who self-identify as Indigenous* Learners and who are admitted to the EMBA will automatically be considered for one of five EMBA Indigenous Learner Entrance Scholarships valued at up to $10,000.
All Ivey EMBA applicants who self-identify will be considered holistically for the Indigenous Learners Entrance Scholarship. We will take into account- past academic achievement, community contribution, career progression, and leadership experience.
*Indigenous refers to the Original People of Turtle Island (North America) including First Nations, Metis and Inuit people of Canada as well as Native American, Native Alaskan, and Native Hawaiian people from the United States.
EMBA Black Learners Entrance Scholarships
Applicants who self-identify as Black Learners and who are admitted to the EMBA will automatically be considered for one of five EMBA Black Learners Entrance Scholarships valued at $10,000. The award will be given to equity-deserving participants who self-identify as Black and we will take into account past academic achievement, community contribution, career progression, and leadership experience.
EMBA Not-for-Profit Entrance Scholarships
Applicants who are employed full-time by a registered charity or non-profit organization will be invited to submit an application for a not-for-profit scholarship at the time of their admission offer. The number of scholarships granted is at the discretion of the Admissions Committee. EMBA Not-For-Profit Entrance Scholarships are valued at $10,000.
There are applicants that, for a variety of reasons, choose to pay for the program personally, either partial or in full. In these cases, we strongly recommend that you explore your options with a financial planner.
Tuition Tax Credit
Ivey Executive MBA students who pay a portion or all of the program fees are eligible to claim a tax credit on the tuition component of their program fees. The tax savings is dependent on your personal income situation and we advise that you consult a financial advisor on the amount of savings in your particular case.
RRSP Life-Long Learning Program
You and your spouse may be eligible to make tax-free withdrawals from your RRSPs of up to $10,000 each to assist in financing the Ivey Executive MBA Program. You have to repay these withdrawals to your RRSPs over a period of no more than 10 years. To learn more about the Life-Long Learning program, click here.
Preferred Loan Program
Ivey has developed the MBA Loan Program in partnership with a number of Canadian banks to create competitive loan packages for Ivey MBA candidates (EMBA/AMBA/MBA).
Repayment terms vary amongst institutions with some banks allowing individuals to make interest-only payments for twelve months following graduation. The loan resembles a personal line-of-credit where you are charged interest every month. The interest rates are competitive (presently prime + 1/2%; TD Canada Trust, RBC and CIBC rate is prime + 0.0%). Each bank assesses your application against their lending criteria.
Each bank has designated one London branch to handle all Ivey MBA 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.
If you are working with someone at your own local branch, please ensure they contact the London Branch using the contact information below - not all branches are aware of these special rates.
Prime + 0.5%: $110,000 maximum. Interest payments deferred until graduation
Prime +0.5%: $125,000 maximum with a 2-year grace period.*
*Some conditions may apply and vary.
$80,000 - $125,000* with a 2-year grace period.
MBA students do not need co-signors contingent on good credit standing.
- Some conditions may apply and vary.
Prime + 0% Flexible Guideline of $125,000 1 year grace period post graduation with ability to retain as ongoing personal line of credit afterwards.