Financing

Employer Sponsorship

For organizations, sponsorship makes good business sense. It is an investment in the future. It improves retention, facilitates advancement and succession planning, and enhances teamwork and leadership skills.

Some firms have individual education support and some firms have regulated education support. Check with your manager or HR department on potential support for your tuition. A Graduate Management Admission Council® survey of employers found that payback for organizations took 17 months from the time the student started the program.

Benefits for organizations

  • Prepare your in-house succession by transforming strong performers into leaders with the confidence and ability to lead high performing teams.
  • Students gain an understanding of the strategic elements of all business functions, enabling them to see the bigger picture from an organizational perspective.
  • Students are eager to identify opportunities and apply innovative solutions to your organizations problems. They take what they learn in the classroom and apply it at work.
  • Students practice analyzing complex problems and making tough decisions.
  • Students bring access to the latest management strategies and techniques.
  • Students and their organizations can draw on the experiences and knowledge base of a variety of organizations from many business sectors.
  • Provides a global perspective.

For more information, download our Employers FAQs page (PDF).

Lifelong Learning Plan RRSP transfer

The Canada Revenue Agency (CRA) allows withdrawals from a Registered Retirement Savings Plan (RRSP) to finance training or education. To learn more about this option, obtain the Lifelong Learning Plan (LLP) guide from CRA or visit www.ccra.gc.ca.

Student line of credit of up to $50,000

The BMO Professionals Program aims to assist MBA students with tuition, books and personal living expenses as well as meeting everyday banking needs while enrolled in the program. You can qualify for up to $50,000 (upon meeting the Bank's usual credit criteria) at a highly competitive interest rate of prime plus 1%.

Download more information on BMO’s Professionals Program.

BMO also offers free banking as part of the SFU MBA banking package. For more information and to apply please contact Louis Tang at 778-389-0300 or louis.tang@bmo.com.