Financing Your Program

While there is no question an Online MBA for executives is a large financial commitment, the potential rewards are many: increased mobility, job satisfaction, confidence, credibility, and income.

You already have a head start in your financing quest by choosing AU’s Online MBA for executives program—a program that offers you all the academic quality and rigour of the top bricks-and-mortar programs at half the price or less. Not only that, but our 24 hour online format means you don’t have to leave your job to pursue your master’s degree.

Canada Job Grant Program

Education Grant Money is Available!

Students can take advantage of the provincial Canada Job Grant when your employer is helping you fund your education.

Through the Canada Job Grant, your employer can receive reimbursement of two-thirds of the cost of training, up to a maximum of $10,000 per employee per year. Companies can access up to $300,000 per year in grant funding to cover tuition, learning materials and fees.

Provinces and Territories are responsible for the design and delivery of the Canada Job Grant in their jurisdictions. Each Province and Territory has a slightly different application process and regulations. Select a province or territory from the list below for additional information:

Self-Financing Options - Student Loans, LOCs, and LLPs

Please note this information is for Canadian students only. If you are an international student, please enquire in your home country.

Student Loans

The Athabasca University Online MBA for executives program is recognized as a full-time program by the Canadian federal government for individuals applying for student loans.

For more information on applying for Canadian student loans, please contact Becky Jonasson ( at AU Student Financial Aid.

Low Interest Student Lines of Credit

Many banks offer options for financing your education. The following are just a few – check with your own bank as well, to see what they can offer you.

Lifelong Learning Plan

You can also consider using some of your RRSP funds for your education.

Tax Deductions for Canadian Students

  • ALL TUITION FEES ARE TAX DEDUCTIBLE IN CANADA. At AU, text books are included in tuition and will be included in your annual tuition tax credit.
  • Students enrolled in the AU MBA are considered full time students by Revenue Canada for every month enrolled in a course. In most cases, this will result in a $400 per month tax credit.

Employer Sponsorship

Why sponsor an AU Online MBA for executives for your employee?

Nurture talented professionals in your organization — develop their strategic management skills, draw out their leadership potential, renew their sense of purpose, and reap the benefits.

Global Perspectives

An AU MBA online classroom connects experienced managers from across Canada and around the world, from every sector and virtually every industry—students who specialize in human resources, operations, marketing, information technology … in roles from middle manager to CEO to entrepreneur. Your employee works, discusses and debates with this rich peer group and top academics, and then brings fresh thinking and creativity back to your organization.

Immediate ROI

Our Online MBA for executives curriculum requires students to apply concepts to projects and assignments based on their own workplaces. You gain a direct return from their very first course.

No Down Time

AU’s proven online course delivery system provides a superior management education without requiring students to take time off work to attend classes.

Increased Job Satisfaction … and Enthusiasm

Applying new knowledge immediately means achieving more sooner, in turn leading to an increased sense of accomplishment, higher motivation, and renewed sense of purpose on the job.

Work-Life Balance

The flexibility of AU’s online program helps students balance the demands of home, life, career and MBA studies. Our students can study at night, early in the morning, on weekends — whatever works best for them (and you).

Quality Online Learning

The Athabasca University Online MBA for executives was ranked among the top three Online MBA for executives programs in Canada by Canadian Business in 2001 and among the top 75 Online MBA for executives in the world by the Financial Times, UK in 2003, 2004, and 2006. (The AU MBA was the only online MBA to make the FT list; after 2006 the publication stopped allowing us to participate because of our format). In 2012, AU’s Online MBA for executives appeared in the Financial Times’ list of online programs offered by “48 of the top business schools” from around the world.

Incredible Value

Your employee is already showing smart financial thinking. While the Athabasca University Online MBA for executives offers a curriculum equal in rigour and depth to Canada’s finest ‘bricks and mortar’ MBA programs, our tuition is considerably less—sometimes less than half. You recoup your investment faster.

Easy Mobility

If you need your employee’s talents in another town or even another country — for a week, month, year or even permanently — their online MBA program can go right along with them.

Scholarships and Awards

Take advantage of many opportunities, large and small, to potentially fund part of your studies.

The following links will take you to resources on our main campus web site that will help you research graduate-level scholarships offered by AU and external organizations:

Awards for Graduate Students »

Please direct applications and inquiries to:
Student Awards Administrative Assistant
Office of the Registrar
Athabasca University
1 University Drive, Athabasca, AB T9S 3A3
Phone: 1-800-788-9041 ext. 6197 (Canada and U.S.)
Fax: (780) 675-6174

Graduate Student Research Fund »

Please direct applications and inquiries to:
Research Centre
Athabasca University
1 University Drive
Athabasca AB T9S 3A3
Phone: 1-800-788-9041 ext. 6651 (Canada and U.S.)
Fax: (780) 675-6722

The Faculty of Business is not involved with the administration of scholarships and awards. However, certain scholarships require documentation such as: transcripts, letter of good standing, GPA, etc. To obtain MBA related documentation, contact Graduate Enrolment Advisor, Carolyn Neufeld at