Financing Your Ivey MBA Degree
We know that financing the MBA is about much more than just tuition; an MBA from Ivey Business School is an investment in yourself. Before getting started, it’s important to consider all of the associated costs, including tuition, cost of living, and other academic expenses you may incur throughout the year.
Tuition & Academic Expenses*
All amounts are in Canadian dollars.
| Tuition | 2023 |
|---|---|
| Domestic Students | $83,250 |
| International Students** | $123,500 |
| Fees*** | Estimated Fees |
|---|---|
| Western Student Organization and Ancillary Fees (including MBA Association Fee) | $1900 |
| Ivey Course Material Fees (case books) | $2900 |
| Total | $4800 |
| International students add UHIP Health Insurance (mandatory) | $756 |
** Some international students at Western University are eligible to pay Canadian domestic tuition fees. Please see the Western Registrar's site for more information.
***These are estimated fees and subject to change each year as approved by University Senate
Instalment payment option - tuition due dates
You can pay your tuition in one payment at the beginning of the Program, or you can pay in 4 instalments. Note there is no fee to pay in instalments. Please see the due dates and calculations below to understand when tuition will be due over the course of the Program.
Your deposit and admission scholarship can be deducted from your first instalment payment.
Calculation:
Instalment #1 due March 10, 2023
(25% tuition + 100% fees - deposit - scholarship)
*note if you have a large scholarship you MAY not need to pay anything for this instalment and MAY have a 'credit' that may be put toward instalment #2 payment)
Instalment # 2 due July 7
(25% tuition - any potential 'credit' balance you had for #1 with scholarship)
Instalment #3 due Oct 6
(25% tuition)
Instalment #4 Jan 5, 2024
(25% tuition or balance outstanding)
Methods of Payment
You will pay tuition to your Western student account. Methods of payment can be found on the Registrar's Office website.
Other Academic Expenses
| Preparatory Knowledge Program* (Optional) | |
| Economics Primer (8 classes) | $678 |
| Finance, Accounting and Spreadsheets Primer (16 classes) | $1,130 |
| Quantitative Analysis Primer (10 classes) | $904 |
| International Study Trip (Optional Elective) | $3,000 -$4000 |
*All costs are subject to change. The cost of the Preparatory Knowledge Program (PKP) is subsidized to ensure that as many incoming students as possible may participate. Pricing is on a per primer basis and includes HST.
Living Expenses
The below is an approximate breakdown of the fees associated with living in London, Ontario based on beginning our program in March 2021. Rental fees in particular do vary depending on rental property selected, whether it is furnished and the number of occupants.
Note: The City of London Bus Pass is included in your tuition and fees
| Living Expenses | Monthly Estimates* |
|---|---|
|
Rent:
Note: These starting rental rates do vary depending on the location, amenities available and whether personal hydro is included |
|
| Apartment Liability Insurance (approximate range of $15-$20 per month) | $20 |
|
Utilities (i.e. Personal hydro is approximately $50 and home internet is between $50 and $65 depending on bandwidth) |
$100 |
| Food | $500 |
| Cell Phone (range: $45 - $80) | $80 |
|
Miscellaneous (i.e.: clothing, movies, laundry) |
$425 |
*Monthly estimates based on single student sharing a house or apartment
*If you will file a Canadian Income Tax Return, you can claim your MBA Tuition. A T2202A receipt is provided through an online service on Student Center, which allows you to view your T2202A - Tuition and Education Amounts Certificate(s) from Taxation year 2000 and onwards.
