Fall Program Delivery & Services: visit the Smith info page for updates regarding the reopening of the University in Fall 2021.

Fees and Funding

Financial Support

MSc students receive generous funding of $26,000 from Smith School of Business. This funding is allocated from several sources and distributed over three terms – Smith Business Awards, Research Assistantships, University Fellowships, Teaching Assistantships and international tuition awards. A portion of this funding package is made up from your involvement in Teaching Assistantships and/or Research Assistantships.

In addition, students may supplement their package with additional Research Assistantship and Teaching Assistantship funding. Graduate students may work a total of 520 hours per year or an average of 10 hours per week.

The program also provides funding to students to conduct research, present at a conference during the academic year, and/or purchase research supplies. Students can also apply for up to $150/year to offset printing expenses.

Fellowships and Awards

All applicants to the MSc program who have accepted an offer of admission by March 1 are automatically considered for nomination for University fellowships and School of Business awards.

Students entering the MSc program with a provincial or national fellowship will also see their funding package increase. MSc students planning to apply to the PhD program are expected to apply for external fellowships early in the first term of the MSc year.

Cost of Living in Kingston

Kingston is a smaller city and students find that living expenses are relatively low. The cost to attend Smith School of Business will vary and you can expect to incur the following expenses during a 12 month period. Students should expect to bring additional personal funds to help support their time in the program. Learn more

When to apply for funding

All domestic students thinking of applying to the MSc program are encouraged to consider applying for valuable external awards in the year prior to starting the program.

Students do not have to be accepted prior to applying for these scholarships. Once in the program, students are expected to apply for all major external awards that they might be eligible for.

For more information, contact
Lisa Rodrigues
Program Administrator, PhD, MSc and Research Programs

International Student Loans

MPOWER Financial

MPOWER Financing offers loans to international students. To learn more or to start an application go to the MPOWER Financing website.


Note: acceptance to a program does not guarantee or imply qualification for financing.

Tuition Fees

Total tuition and fees are approximately $6,980.23 CDN per year for domestic students and $14,982.80 CDN per year for International students. Please follow ‘Graduate and Professional Program Fee Schedule’ from the School of Graduate Studies.

External Awards

Students may supplement their formal funding from Smith by applying to the external granting agencies listed below. MSc applicants are encouraged to apply for these external grants if pursuing a PhD the following year.


SSHRC - Social Sciences and Humanities Research Council of Canada.
Visit the website


Natural Sciences and Engineering Research Council (NSERC)
Visit the website

Ontario logo

Ontario Graduate Scholarship (OGS)
Visit the website

Smith School of Business Awards

Current and incoming students will automatically be considered for these awards; separate application is not required.

  • The D.D. Monieson Graduate Business Scholarship
  • The Geoffrey H. Wood Foundation Master of Science in Management Awards
  • The Molson Canadian Science of Marketing Award in the School of Business
  • The E. Gay Mitchell Graduate Fellowship in Finance
  • The Melville S. Hatch Memorial Fellowships
  • Student awards bursary