Tuition, Fees and Financing

The all-inclusive tuition for the Sobey School of Business Executive MBA for the 2016 - 2017 academic year is $52,000 (domestic) and includes:

• $4,000 credit towards a (7-12 day) International Trade Mission
• All course materials and books
• Two (2) meals each class day
• Miscellaneous fees for both years of the program

An initial deposit of $1,000 is required upon acceptance. The balance is paid in two installments during the program.

The international student program fee is $58,000.

Note: Students are responsible for keeping their accounts current, and should check on their account status regularly by contacting the Student Accounts, Financial Services (accounts.receivable@smu.ca). Students are required to have all outstanding fees paid in full prior to beginning a new academic year.

Late fees

Students who do not pay their fees by September 15th of each year will have interest charged to their Student Account on a weekly basis at a rate of one percent (1%) per month or part thereof (12.68% per annum).

The Sobey EMBA: An Affordable Investment

A Sobey EMBA is not only a smart investment in your professional development, but an affordable one. Our tuition is 60% less expensive than other AACSB-accredited programs in Canada.

At the same time, we recognize that many students need to consider funding options. Here are some ways to finance your Sobey EMBA:

Personal Income Tax treatment of tuition fees

Sobey Executive MBA participants who pay all or part of the program fee personally are eligible to claim a tuition tax credit. Typically, tax savings are equivalent to 25% of the eligible tuition fee.

For more information, ask a professional income tax advisor to give you an assessment of the full impact of fees on your personal income tax situation.

RRSP withdrawals

You and your spouse may be eligible to make tax-free withdrawals from your RRSPs of up to $20,000 each over two years to help fund your education. Please contact your income tax advisor for details. Click here to find out more information on the Life Long Learning Plan (LLP) program.

Corporate Sponsorship

Sponsoring an employee in Sobey Executive MBA is a wise and cost-effective business decision for organizations. Approximately, 75% of students receive full or partial sponsorship from their companies. Dividends accrue immediately with the application of new knowledge applied to the workplace each Monday following classes. Moreover, lessons permeate throughout the entire organization benefiting other colleagues and optimizing team performance. A Sobey EMBA strengthens the leadership skills of your rising talent so you can achieve your strategic objectives.

Read our Employee Related Questions on how to help seek support from your organization.

Secure Pre-Approval Now

Canadian citizens and permanent residents of Canada may apply for a bank loan to cover their tuition and educational expenses while pursuing an MBA.

It is a good idea to submit your loan application at the same time as your Sobey Executive MBA application. While loan approval does not guarantee acceptance into the Sobey Executive MBA, submitting your application early will save you time and be one less item on your “to do” list.