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Schools in the West are
playing catch-up after a six-year government-imposed tuition freeze ended in
2002, leading to higher-than-usual increases. Queen’s still leads the pack,
with tuition for its 12-month program nearing $50,000.
The Price of an MBA |
University |
Annual tuition
(?3-04) |
% change tuition in
tuition (1 year) |
% change tuition
(3 years) |
Alberta |
$8,144 |
61 |
72 |
Asper (Manitoba) |
$18,600 |
0 |
0 |
Brock |
$7,000 |
n/a * |
n/a * |
Dalhousie |
$6,750 |
8 |
16 |
Eric Sprott (Carleton) |
$6,612 |
53 |
n/a * |
Frank H. Sobey (Saint Mary’s) |
$6,114 |
5 |
17 |
Haskayne (Calgary) |
$8,350 |
53 |
64 |
HEC Montréal |
$7,900 |
15 |
15 |
John Molson (Concordia) |
$3,812 |
0 |
0 |
Joseph L. Rotman (Toronto) |
$25,000 |
6 |
50 |
Laval |
$1,652 |
0 |
0 |
McGill |
$4,173 |
4 |
13 |
Memorial |
$2,199 |
-5 |
-17 |
Michael G. DeGroote (McMaster) |
$9,600 |
20 |
79 |
Moncton |
$6,200 |
39 |
63 |
New Brunswick |
$6,100 |
20 |
40 |
New Brunswick-Saint John |
$28,000 |
0 |
33 |
Odette (Windsor) |
$4,984 |
20 |
25 |
Ottawa |
$14,000 |
21 |
34 |
Queen’s |
$46,000 |
16 |
40 |
Richard Ivey (Western) |
$28,000 |
12 |
56 |
Saskatchewan |
$16,000 |
241** |
251 |
Sauder (British Columbia) |
$28,000 |
0 |
300 |
Schulich (York) |
$17,500 |
17 |
75 |
Sherbrooke |
$3,585 |
0 |
0 |
Simon Fraser |
$18,000 |
43 |
567 |
University College of Cape Breton |
$10,600 |
n/a * |
n/a * |
Victoria |
$17,060 |
153 |
366 |
Wilfrid Laurier |
$20,000 |
33 |
140 |
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* new program ?not required ?
not tracked ** revamped program †† employed at time of graduation ‡‡
full-time and co-op students
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We
figured out how much you would make over seven years earning a
school’s starting salary, with a 10% raise per year, minus wages lost
during class and on tuition. We subtracted how much you would have
made by not getting an MBA, based on each school’s entering salary at
an increase of 5% per year to get the ROI.
MBA ROI |
University |
Return on
investment |
Average entering
salary |
Average starting
salary |
% change |
Victoria |
$266,676 |
$40,068 |
$84,600 |
111 |
Joseph L. Rotman (Toronto) |
$210,587 |
$46,580 |
$94,000 |
102 |
Michael G. DeGroote (McMaster)
|
$192,916 |
$27,354 |
$63,119 |
131 |
Schulich (York) |
$167,077 |
$41,000 |
$78,200 |
91 |
Sauder (British Columbia) |
$152,063 |
$44,000 |
$71,696 |
63 |
Simon Fraser |
$139,611 |
$37,500 |
$60,000 |
60 |
Laval |
$136,740 |
$25,185 |
$49,850 |
98 |
Alberta |
$120,982 |
$35,000 |
$61,000 |
74 |
Ottawa |
$116,292 |
$46,636 |
$66,100 |
42 |
Frank H. Sobey (Saint Mary’s) |
$102,927 |
$32,187 |
$54,640 |
70 |
McGill |
$93,001 |
$57,000 |
$83,000 |
46 |
John Molson (Concordia) |
$82,083 |
$48,000 |
$70,239 |
46 |
Haskayne (Calgary) |
$55,082 |
$53,660 |
$74,045 |
38 |
HEC Montréal |
$24,583 |
$57,540 |
$64,930 |
13 |
Queen's |
$24,264 |
$67,300 |
$80,126 |
19 |
Moncton |
?30,963 |
$45,000 |
$50,000 |
11 |
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