Finances
When choosing where to pursue your Executive MBA, it’s important to consider all associated costs. Beyond tuition fees, be mindful of other academic expenses you may incur during the program.
Tuition Includes:
- Accommodations and most meals during in-person residency
- Course materials and technology licenses
- On-site parking during residency
- Travel during residency
- Most course materials are provided in digital format
Tuition Does Not Include:
- Transportation to and from residencies (e.g. airfare to/from California), dinners (unless otherwise noted) or additional ancillary fees
- You should budget approximately $2,500 to cover travel, some meals and miscellaneous expenses while traveling for the residency in Silicon Valley
Program Costs
The cost of DeGroote’s EMBA program is $95,335 CAD.*
The first payment is a non-refundable $5,000 deposit, due within ten business days from when you accept your admission offer. The remainder is due in three installments before to the start of Modules 1, 2 and 3. Please see the schedule below for anticipated installment dates.
First Installment: July 25, 2025
Second Installment: January 25, 2026
Third Installment: April 25, 2026
*Actual amount is calculated by McMaster Student Accounts and may vary slightly. EMBA students will also be responsible for minor ancillary fees charged by the University not included in the tuition. Exact installment payment dates will be confirmed once you are admitted to the program.
For information on how to make payments, visit McMaster’s Registrar’s Office.
International students will be required to purchase the University Health Insurance Plan (UHIP) if they cannot provide evidence of equivalent coverage. A person is classified as a Domestic Student if they have Canadian citizenship, landed immigrant status, permanent resident status, or dual Canadian citizenship. Find more information through McMaster University‘s Student Success Centre
Financial Assistance
Tuition Tax Credit
If you are self-funding, tuition fees for the EMBA in Digital Transformation may be tax deductible. For details please consult the Canada Revenue Agency or your tax professional.
Lifelong Learning Plan
You or your spouse may be eligible to make tax-free withdrawals from your RRSPs (up to $20,000 each) under the Canada Revenue Agency’s Lifelong Learning Plan (LLP). Please visit the LLP website for more information.
Student Line of Credit
Most banks offer student lines of credit with increased limits for professional programs, including Executive MBAs. Contact your financial institution to discuss which options are available to you.
Note: The EMBA in Digital Transformation is not an eligible program for the Study in Canada Scholarship offered by the Canadian Bureau for International Education (CBIE) and Global Affairs Canada (GAC).
OSAP
Students in the EMBA program are not eligible for the Ontario Student Assistance Program (OSAP) nor the William D. Ford Federal Direct Loan (Direct Loan) Program.
Tax Deductions
If you are paying for an employee to attend the EMBA in Digital Transformation, your organization may be eligible for certain tax deductions. Please consult with the Canada Revenue Agency or your accounting department for details and/or eligibility.