Tuition and Finances


Invest in Your Future

Earning a Master of Business Administration (MBA) is a significant investment in your career but the return on that investment is undeniable. According to a recent report, the average salary for MBA graduates is just over $80,000.

The need for creative, capable and visionary professionals is always in demand, that’s why 92% of Lazaridis MBA grads are gainfully employed full-time within 12 months after graduation and another 3% go on to further studies.

Tuition Fees

Here’s how the cost of the Lazaridis MBA breaks down:

Tuition and Fees Breakdown

MBA Format

Tuition

Length
of Study

Ancillary Fees

Total Cost

Full-Time
(domestic applicant)

$9,935.79/term

12 months
3 academic terms

Incidental Fees

$29,807.37*

Full-Time
(international applicant)

$15,405.00/term

12 months
3 academic terms

Incidental Fees

$46,215.00*

Part-Time
(Waterloo)

$1,490.72/0.5 credit

3.3 years
10 academic terms

Incidental Fees

$29,814.40*

Part-Time
(Toronto)

$2,762.78/0.5 credit

3 years
9 academic terms

Approx. $100/term
in GSA fees

$55,256.00*

MBA+MFin
(Toronto)

$3,012.78/0.5 credit

4 years
12 academic terms

Approx. $100/term
in GSA fees

$72,307.00*

Accelerated
Part-Time
(Toronto)

$2,962.78/0.5 credit

2.3 years
6 academic terms

Approx. $100/term
in GSA fees

$35,553.00*

Co-op Fee

The co-op fee is $2,291.61.

* Program fees are subject to change in future. (The fees listed above are only based on 2020/21 academic year and are an approximate total cost only.)

For the most current fee schedule, please visit the Graduate Studies Tuition and Fees page. 

Awards and Scholarships

The Lazaridis Master of Business Administration (MBA) offers program-specific financial aid, alongside institution wide financial support, to ensure that you are in the best position to succeed. Note that select program-specific awards and scholarships are available to MBA students based on their program cohort. For additional information, visit Awards and Scholarships.

Program-Specific Awards and Scholarships

Award

Program Cohort

Amount (approx.)

Eligibility Requirements

Canadian Hardware & Home Improvement Show MBA Scholarship

part-time / full-time

$2,000

  • entering MBA student
  • 9.0 GPA
  • Canadian citizen or permanent resident
  • proven financial need

Robert Breadner Entrepreneurial Fund

part-time / full-time

$2,000

  • entering MBA student
  • 9.0 GPA
  • Canadian citizen or permanent resident
  • proven financial need

Entrance Scholarships

full-time

$500 – $3,000

  • entering full-time student
  • minimum admission GPA of 10.0
  • amount given is determined by GMAT and/or experience
  • no application necessary

Gerdau Ameristeel Technology Award

full-time

$1,900

  • entering full-time student
  • high academic achievement
  • aptitude for high technology engineering
  • Canadian citizen
  • long-term resident of Ontario
  • proven financial need

Howard Teall Award for Student Excellence

full-time

$3,000

  • entering full-time student
  • minimum admission GPA of 10.0
  • interest in management accounting through previous work experience, academic courses or career goals
  • Canadian citizen or permanent resident
  • long-term resident of Ontario
  • proven financial need

McNeil Consumer Products Scholarship

full-time

$1,500

  • entering full-time student

Nissan Canada Award

full-time

$3,000

  • entering full-time student
  • minimum cumulative admission average of B+ (9.0)
  • demonstrate leadership qualities and involvement in extra-curricular activities
  • Canadian citizen
  • long-term resident of Ontario
  • proven financial need

Pfizer MBA Award

full-time

$1,000

  • entering full-time student
  • intends to specialize in marketing
  • high academic achievement
  • demonstrated extra-curricular activity and leadership

Ross & Doris Dixon MBA Scholarship

full-time

$3,500

  • entering full-time student
  • high undergraduate admission GPA
  • high GMAT
  • excellent evaluations on work term reports (co-op undergrad)
  • practical work experience

Walter & Jean Hachborn Award of Distinction

full-time

$5,000

  • entering full-time student
  • proven interest in retail/marketing
  • must submit two letters of reference
  • must submit 1,000 word essay on the importance of community to an entrepreneur

International Students

Many organizations are available for international student loans, scholarships and fellowships for students of various countries to study in Canada.

Here are some resources to get you started: