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DeGroote School of Business – McMaster University

McMaster University Full-Time MBA Program Structure

The McMaster University full-time MBA at DeGroote School of Business is a 20-month program. This program is ideal for individuals who are early in their career and want to gain advanced business knowledge in order to have more job opportunities. Students will learn about business theory as well as career skills.

Students can earn a DeGroote MBA in a traditional 20-month format, or in an accelerated and co-op format. Those looking to enroll in the Accelerated MBA program can earn their degree in as little as eight months if they have an accredited undergraduate degree from a Canadian or U.S. university and studied business. Those in the co-op program can earn the degree in 28 months.

Curriculum

The first year of the MBA program is dedicated to taking core classes that cover such foundational topics as Economics and Business Statistics, Managing Financial Resources, Marketing, Operations Management, and more. Students will take two required classes in the second year—Business, Government and the Global Environment, and Strategic Management—as well as eight electives. Six specializations are available in the program, including: Accounting and Financial Management Services; Finance; Health Services Management; Strategic Business Valuation; Strategic Marketing; and Data Analytics.

Class Profile

The average age of the most recent DeGroote full-time MBA class was 27. Among the class, the average work experience was three years. Those with science, business, and engineering undergraduate degrees make up the majority of the class, at a total of 62 percent.

Career Statistics

About 96 percent of DeGroote full-time graduates earned employment within six months of obtaining their degree. The median salary of these graduates was about $70,000, with the majority of graduates earning roles in the banking/capital markets industry (32 percent).

Tuition, Scholarships, and Financial Aid

The McMaster University full-time MBA degree tuition for the entire program is between $37,500 total for Canadian citizens or landed immigrants and $81,000 for international students. These figures include tuition, fees and the mandatory enrollment fee in the GSA Health Plan (subject to change annually). There are a variety of financial aid opportunities through McMaster, including scholarships and loans. Scholarships are available for full-time, co-op, and accelerated program students.

The Ontario Student Assistance Program (OSAP) provides students with financial aid to help pay for education-related expenses such as tuition, books, compulsory fees, transportation and living costs; it is available to Canadian citizens and landed immigrants who are residents of Ontario.

Unfortunately, visa students are not eligible, though they may be able to obtain out of province or out of country student loan assistance. McMaster’s Student Financial Aid and Scholarships (SFAS) office administers these programs on behalf of the government. It generally takes 4-6 weeks for OSAP applications to be processed.

Students may also be able to apply for a bursary, which is a grant that they won’t need to repay. These are available for new and returning students. They are available to students who have also received OSAP or the equivalent for out-of-province students.

Admissions

Applicants to the MBA programs must have completed a four-year degree or its equivalent for admission. To apply to the McMaster University full-time MBA program, applicants must submit a completed application form, all college transcripts from degree-granting and non-degree-granting institutions, a KIRA Academic online video interview, a current résumé and two letters of recommendation, along with the CDN $150 application fee. Applicants must also send in their GMAT scores with a recommended verbal score of 28, and a quantitative score of 37 (a total score of 600 is normally competitive); GRE tests may be accepted in lieu of the GMAT when an applicant has scored within the 80th percentile in both the verbal reasoning and quantitative reasoning sections.

Applicants who have not resided in an English-speaking country for at least four years, or if English was not the primary language of instruction for at least three years of their full-time post-secondary education (excluding ESL courses), TOEFL scores are required.

The application acceptance period opens September 16, 2019. Deadlines are as follows:

Round One – Nov. 15, 2019
Round Two – Feb. 1, 2020
Round Three – March 31, 2020
Round Four – June 1, 2020

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