Tuition and Finance
The Ivey MBA is a big investment in your future and your career. Spending a sufficient amount of time preparing for the admissions process and securing funding for your MBA is a critical step. We encourage all candidates to review our admissions criteria carefully and to explore the various financing options available.
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Tuition and Living Expenses
We know that financing the MBA is about much more than just tuition. Here you’ll find information about program costs and the other expenses you’ll need to consider when preparing for your year at Ivey.
*Subject to approval from the Board of Governors
Scholarships, Awards, and Loans
Our goal at the Ivey Financial Aid office is to welcome students by helping them prepare for their financial obligations. All applicants are considered for merit based admission scholarships and awards.
Leave of Absence Program
The one-year Ivey MBA is perfectly aligned with many corporate leave policies. The Leave of Absence Program for the full-time MBA is designed to facilitate the process of requesting a leave from your employer as well as easily making the transition back to the company following completion of the MBA.
Frequently Asked Questions
When you complete the Ivey MBA Application, please complete the Scholarships section of the application as well. The scholarship essay, career and interest questions help us to identify the best recipients for each scholarship and award. The financial disclosure information is kept confidential within the Ivey Financial Aid Office and will not in any way impact your selection for admission to the program. The MBA Admissions Committee determines if you will be an admission award recipient and the value of your award. If selected, the Ivey Financial Aid Office reviews the award section of your application and matches the best awards to your profile. Please remember that award decisions are based on merit, not on financial need.
The tuition deadline date varies each year and will be communicated to you well in advance by the Ivey Financial Aid Office. Exact dates and amounts will be communicated to students closer to the start date of the program. Students may pay all tuition and fees at the start of the program, or they can opt to pay in four instalments at no cost. The instalment dates are approximately March, July, October, and January.
Tuition and fees are paid directly to Western University's Registrar's Office. To pay through on-line banking, select “University of Western Ontario – Tuition” as the payee. You will be prompted for an account number, which is your 9-digit student number. Please allow 2-3 business days for the transfer of funds to avoid any late payment fees.
Students may also pay by cheque. Please make cheques payable to The University of Western Ontario and ensure that you include your name and student number on all cheques or money orders. Payment can also be made in person or can be put in the drop box at the Student Central office. (Receipts are not issued for payments received by mail or in the drop box.)
Please visit http://www.registrar.uwo.ca/student_finances/index.html for more information on accepted methods of payment.
It doesn’t hurt to contact the banks at the time that you apply to the MBA to introduce yourself and to get more information. However, you will not be able to secure a loan until 90 days before the MBA program commences, and the bank will require written confirmation of your enrolment in the program. We recommend you explore your financing resources in advance of your offer to the MBA program.
Scholarship and award notifications are typically included in the Ivey MBA Offer Package. If you receive a scholarship or award, it will be applied to your student account during the program.
The Scholarship section within the MBA application is applicable for all Ivey donor admission awards. There are a handful of in-program and end-of-year awards that have a separate application. These applications will be communicated to you by the Ivey Financial Aid office in the fall and winter timeframes. At the time of admission into the MBA program, there are no additional Ivey donor awards available.
All candidates accepted into the MBA program are considered for scholarships. Recipients are selected for outstanding professional experience, leadership skills as demonstrated through community involvement, athletics or professional role, and academic excellence and strong GMAT scores. To be eligible for Ivey scholarships, please complete the Scholarship section in the Ivey MBA Application.
If at the start of the program you are still waiting for your PR status, then you will pay the international tuition rate. The deadline to provide proof of PR to reduce tuition fees to the domestic rate is typically around the end of June.