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, and all are estimated.
| Tuition*** | 2027 |
|---|---|
| Domestic Students | $83,250 |
| International Students** | $136,310 |
| Deposit (non-refundable)* | $5,000 |
* This deposit will be credited toward your first-term tuition and fees
| Fees*** | Estimated Fees |
|---|---|
| Western Student Organization and Ancillary Fees (including MBA Association Fee) | $2300 |
| Ivey Course Material Fees (case books) | $2700 |
| USC Health & Dental Plan (optional) | $1200 |
| Total | $6200 |
| International students add UHIP Health Insurance (mandatory) | $820 |
** Some international students at Western University are eligible to pay Canadian domestic tuition fees. Please see the Western Registrar's site for more information.
***Tuition and fee amounts are reviewed annually by Western University and are subject to change. For the most current and official fee schedules, please visit the Western Registrar’s website: https://registrar.uwo.ca/student_finances/fees_refunds/fee_refund_schedules.html
Tuition & Fees Payment Schedule
Tuition and fees are payable in three instalments over the course of the program. Each amount shown below reflects the portion of tuition plus ancillary & program fees that is due on the date indicated, after factoring in any deposit paid and scholarships awarded.
| Due Date | Amount Due |
|---|---|
| January 8, 2027 | 1/3 of tuition + ancillary & program fees - deposit - scholarship |
| May 7, 2027 | 1/3 of tuition + ancillary fees |
| September 8, 2027 | 1/3 of tuition + ancillary fees |
Note: Fee schedules are subject to annual review and change.
Methods of Payment
You will pay tuition to your Western student account. Methods of payment can be found on the Registrar's Office website.
Apply for Permanent Residents (PR) Status
If your Permanent Residency (PR) is approved after you begin the program, you may be eligible to have your tuition changed from International to Domestic. Domestic tuition eligibility is determined by Western University and the Province of Ontario; full criteria are available here: https://www.registrar.uwo.ca/student_finances/fees_refunds/who_pays_canadian_tuition_fees.html
To be reclassified, you must submit your final PR documentation to the Office of the Registrar by the submission deadline for that academic term. These deadlines occur once per term (typically late October for Fall, late January for Winter, and late June for Summer) and tuition cannot be adjusted retroactively for a term whose deadline has passed. Please refer to Western’s Graduate Calendar of Events for the most current deadline schedule: ttps://grad.uwo.ca/academics/calendar_of_events.html
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 2026. 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 and in-suite and building amenities offered. |
$1,450+ |
| Apartment Liability Insurance (approximate range of $15-$20 per month) | $18-20 |
|
Utilities (i.e. Personal electricity is approximately $50 and home internet is between $50 and $85 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.