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Fees

Any significant investment – buying a home, purchasing a car, or investing in your education – requires having all the necessary information to ensure you are making an informed decision. Indeed, Smith's Master of International Business program is a significant investment of your time and money. We are pleased to provide you a detailed overview of what exactly you are paying for and the various ways you can finance your studies.

How much does Smith's MIB program cost?

You must budget accordingly for the following expenses:

  • Program Fee, which includes: Tuition; Non-Tuition (This fee includes textbooks/course material fees for first term at Smith only.)
  • Textbook/Course Materials while abroad
    In addition to the Non-Tuition fee above, students are also responsible for all costs associated with textbooks/course materials that are incurred during the exchange and/or double degree portion(s) of the program
  • Student Fees
  • Accommodations
  • Living Expenses (both in Kingston and abroad)
  • Travel
  • Health Insurance

View scholarships

Program Fee

You will pay a program fee only to Smith School of Business at Queen's University for the duration of the program – even when you are studying at the partner university(ies). You will not be required to pay fees to your host university(ies).

Program fees vary depending on whether you are considered a domestic or international applicant. To be considered a domestic applicant, you must be a Canadian citizen or have permanent residency status in Canada.

Program fees will be assessed in equal installments according to the schedules laid out in the tables below.

Included in the program fee are the fees for textbooks and other course materials that you will incur during your time at Smith. Conversely, you will pay out of pocket for any textbook/course materials that you must purchase while on your exchange and/or double degree.

Fees and payment terms are subject to final approval from the Queen's Board of Trustees and Ministry of Training, Colleges & Universities.

Single Degree

Payment Schedule 2021-2022

Domestic Students

International Students

Upon Acceptance $2,000* $2,000*
Winter Term
Sept 1, 2021
$7,955 $15,366
Summer Term
Jan 1, 2022
$9,955 $17,367
Fall Term
May 1, 2022
$9,955 $17,367
Student Activity Fee1 $1,250 $1,250
Total $31,115 $53,350

16-Month Double Degree

Payment Schedule 2021-2022

  • Maastricht

Domestic Students

International Students

Upon Acceptance $2,000* $2,000*
Fall Term
Sept 1, 2021
$7,658 $15,077
Winter Term
Jan 1, 2022
$9,658 $17,077
Summer Term
May 1, 2022
$9,658 $17,077
Fall Term
Sept 1, 2022
$9,658 $17,077
Student Activity Fee1 $2,280 $2,280
Total $40,912 $70,588

24-Month Double Degree

Payment Schedule 2021-2022

  • Mannheim
  • Bocconi
  • BI Norway
  • WU Vienna
  • Catolica Lisbon
  • ESSEC
  • ESADE
  • Copenhagen
  • University of Queensland

Domestic Students

International Students

Upon Acceptance $2,000* $2,000*
Fall Term
Sept 1, 2021
$5,493 $11,283
Winter Term
Jan 1, 2022
$7,493 $13,283
Summer Term
May 1, 2022
$7,493 $13,283
Fall Term
Sept 1, 2022
$7,493 $13,283
Winter Term
Jan 1, 2023
$7,493 $13,283
Summer Term
May 1, 2023
$7,493 $13,283
Student Activity Fee1
($1,250 Sept. 2021 & $1,250 Sept. 2022)
$2,500 $2,500
Total $47,458 $82,200

*non-refundable

Included in the installments is the Queen's University Student Assistance Levy fee of $33.33 each term

1Estimate only.

Student Fees

There are two types of student fees that you will be required to pay:

Student Activity Fees (SAF)

The SAF is a fee that is administered at the beginning of each academic year by the Society of Graduate and Professional Students (SGPS). See a detailed list of all items included in the SAF.

Included in the SAF are health and dental insurance fees. If you have existing health/dental/travel insurance and wish to opt out of the health and dental plans, you will have an opportunity to do so during the month of September.

For additional details about the Greenshield benefits in the SGPS plan, please visit the health and dental section of the website.

Student Assistance Levy (SAL)

The SAL is assessed in equal installments according to the schedule laid out in the tables on pages 4 and 5 of this newsletter. Revenue from the Levy supports the Queen's learning environment, various financial assistance programs for students, as well as the Summer Work Experience Program (SWEP).

Note: For those enrolled in 16-month double degree options, you will be assessed only 50% of the regular SAF fee in September of Year 2 due to the fact that these double degree tracks entail just one additional term of study.

Accommodations

Accommodation expenses are not included in the program fee, either for the duration of your time at Queen’s University in Kingston, or for the duration of your studies overseas.

Experience has shown us that housing costs in Kingston are approximately $1,800 CAD per term. This fee includes utilities.

Important: Accommodation expenses can vary tremendously at our partner universities, depending on the cost of living in each city. Please be sure to review the information found in the fact sheets when planning your budget for Smith's Master of International Business program. The fact sheets for each host university are in the process of being uploaded to the ‘Exchange’ section of the program portal.

Travel

Smith's Master of International Business program fee does not include travel to and from the exchange/double degree destination. You will need to factor these costs into your financial plan for the program.

This resource will assist you in planning your travels throughout your time in Smith's Master of International Business program.

Living Expenses

While in Kingston, you may budget for the following expenses:

Food $1,200
(approximately per term)
Clothing $250
(approximately)
Miscellaneous (not including travelling) $600
(approximately)

Important: The cost of living will vary tremendously at our partner universities. Please be certain to carefully review the living expenses information found on the partner university’s(ies’) fact sheet(s). Fact sheets can be found on the ‘Exchange’ portion of the portal.

Tip: Compare living expenses among various metropolitan cities in the world.

UHIP (for international students only)

All international students are required by Ontario law to enroll in the University Health Insurance Plan (UHIP) for the duration of their program at Queen’s University.

The UHIP plan includes basic health coverage both in Canada and abroad, and is a prerequisite for enrolling in the Greenshield plan from SGPS (as outlined above in the ‘Student Activity Fee’ section). Extended health and dental coverage through Greenshield applies to those services and supplies that are not covered by provincial health care plans and/or UHIP such as prescription drugs, vision care, dental check-ups, and physiotherapy.

Please note that all international MIB students will have UHIP coverage beginning in early August 10th, regardless of your actual date of arrival in Canada.

Additional details about UHIP

Opting out of UHIP (for single– and double degree students)

UHIP coverage is mandatory for the time you will spend on Queen’s campus. Once you leave Smith to study at your exchange and/or double degree partner university, you may choose to opt out of the UHIP plan provided that:

  • You recognize that you must also opt out of the supplementary health insurance provided by the SGPS plan (the UHIP and SGPS plans are intertwined and it is not possible to opt out of UHIP unless you do so the same for your SGPS coverage)
  • Recognizing point a) above, you are able to demonstrate that you will have sufficient health/dental/travel insurance from a different plan

For these reasons, you are strongly encouraged to continue with the joint UHIP/SGPS coverage for the duration of your studies in the MIB program.

You will be provided with exact dates for the opt-out period upon entering the program.

General information about UHIP