It is important that thorough financial planning be undertaken before beginning doctoral studies. It is the student's responsibility to ensure that adequate financing is in place for the duration of the program.
If you are an international student, the PhD Program will pay the international portion of your university tuition fees for the four semesters of minimum residency (or up to a maximum of six semesters), worth approximately $12,000 CAD per year (based on 2014/2015 tuition fees and subject to change). Students are responsible for the Quebec rate of the tuition fees, which is approximately $3,900 CAD per year (based on 2014/2015 tuition fees and subject to change). Please note that medical/dental insurance is additional, as well as student services.
For additional details on tuition fees, please visit the Graduate Fees Calculator.
Doctoral candidates will receive $25,000/year in guaranteed funding for four years. Financial support for the four years is comprised of a PhD Program in Management Guaranteed Funding Award (MGFA), which includes a variety of internal sources of funding. Your MGFA may also include a McGill fellowship (to be be determined at a later date). All funding is conditional on satisfactory academic performance.
Students that receive external awards (i.e., SSHRC, CHIR, NSERC, etc.) will receive partial guaranteed funding from the supervisor/area.
The PhD Program in Management administers several doctoral level fellowships/awards. Candidates that have been accepted and have registered in the doctoral program will be selected to receive one of the awards as part of their guaranteed funding. The value of these fellowships/awards vary from year to year.
External Granting Agency Fellowships are listed on the Graduate Fellowships and Awards website.
Students need not be eligible for funding through external agencies in order to apply for a McGill Graduate Fellowship. However, all applicants for McGill Graduate funding must, if eligible, have applied to CIHR, SSHRC or NSERC and, if eligible, to the Québec funding agency Fonds Québecois de la Recherche sur la Société et la Culture (FQRSC).
Application forms for the Graduate Fellowships are available only to students currently enrolled at McGill from the Graduate and Postdoctoral Studies Office, Fellowships and Awards website. Completed application forms and all supporting documents should be returned directly to the academic department where student is pursuing the degree. No documentation should be sent to the Graduate and Postdoctoral Studies Office.
While pursuing their PhD studies, many students opt to take on a student loan. The following list of sources applies mostly to Canadian students and is by no means exhaustive.
Government student loans
Key financial institutions
- Royal Bank of Canada (RBC)
- Bank of Montreal (BMO)
- TD Canada Trust
- National Bank of Canada
- Canadian Imperial Bank of Commerce (CIBC)
- Laurentian Bank
Loans and Bursaries
Loans and Bursaries are administered by the province in which the student is deemed to be a resident. Basic qualifications are that the applicant is a full-time student and a Canadian citizen; certain categories of Permanent Residents may also be eligible. The Quebec Student Loan and Canada Student Loan programs operate exclusively on the basis of financial need. Several provinces augment their loan programs with a loan forgiveness programs to help students reduce their debt loads. The McGill Student Aid Office provides information regarding application procedures of these government loan programs. The Student Aid Office also administers institutional need-based funding including short term loans to cover emergency situations, limited bursary assistance and a Work/Study program.
Estimated Annual Expenses* (CAD$)
This budget is a general estimate of the living expenses that a single student in a full-time program of study would be expected to incur for each 12-month period, in Montreal.
|Books and supplies||$1500|
|Apartment rent and food||$13,800|
|Winter clothing (coat, boots, etc.)||$600|
|TOTAL (CAD $)||$19,896|
*Based on single students, studying full time. Estimated 12-month living expenses for a married student and spouse are higher. Expenses vary greatly with personal requirements and should be estimated on an individual basis.
Note: This does not include tuition and ancillary fees.