Awards and Financial Assistance

• The University reserves the right not to grant an award in the absence of a suitable candidate, and to limit the number of awards when there are too few suitable candidates. The University also reserves the right to withdraw or amend the terms of any award and to suspend the granting of an award or to adjust the stated value of an award for years in which insufficient investment income is available due to fluctuations in investment markets.
• In the event a student withdraws from the MBA program before completion of the full Year 1 or full Year 2 courses, any scholarship monies granted must be paid back in full before the withdrawal becomes official.

Financial Assistance Opportunities

• Internal MBA Awards
• External Awards
• Teaching Assistantships
• External Financial Assistance

Internal MBA Awards:

MBA Admission Awards

• Received an offer of admission to one of DeGroote’s full-time MBA programs; Scholarship included in offer letter
• Automatically considered for scholarships at the time of application
• Admission Scholarships are awarded based on a holistic assessment of the applicant’s profile and range from $1,000 – $10,000

MBA Donor Scholarships, Bursaries & Academic Grants

External MBA Awards:

OGS – Ontario Graduate Scholarships

• Invitations sent in May, administered by McMaster
• Must be Canadian Citizen or Permanent Resident
• Multiple Winners, awards of $10,000 over 2 study terms

McMaster University-Wide Scholarships and Bursaries

McMaster Graduate Students Only

A limited number of teaching assistantships are available for MBA students. Information regarding the rate of pay negotiated with The Canadian Union of Public Employees, Local #3906 can be found in the collective agreement available in the Dean’s Office. These assistantships are awarded each year to academically qualified full-time and Co-op graduate students. Students are not eligible for TAships while on their Co-op work term.

External Financial Assistance:

Ontario Student Assistance Program (OSAP)

• Intended to help students meet the costs of post-secondary education, the Ontario Student Assistance Program offers a combination of loan and grant funding for eligible students who demonstrate financial need. To be eligible to apply, a student must be a Canadian citizen, permanent resident, or protected person and meet the Ontario residency requirements. MBA students apply for OSAP on a term-by-term basis during work terms and study periods. Visit the OSAP website for more information.
• Students apply for OSAP online at least six to eight weeks prior to the start of their term. First-time applicants must complete the Master Student Financial Assistance Agreement (MSFAA) as part of the application process.  OSAP funding is automatically deposited to a McMaster student account where tuition and fees are outstanding.
• Remaining OSAP funding will be deposited into the student’s personal bank account at the start of the term. It is the student’s responsibility to ensure their student account is paid in full by the published payment deadlines. Complete your application early (by June 30th) to receive your funding at the beginning of the study period. Visit McMaster’s OSAP Page for more information.
• A financial plan is an essential part of a university career. It can be helpful to consult with family members, a banking representative or financial aid counsellor to research financial options. Graduate students who are eligible are encouraged to apply for OSAP. Please visit McMaster’s Government Aid Page and the OSAP Website for more information.