By Carys Mills
Ryerson’s president is going to seek permission from the government to raise Ryerson master of business administration (MBA) tuition fees.
“Our MBA program is like the discount, you know, the Wal-Mart discount version,” said Alan Shepard, provost and vice-president academic, at a Board of Governors finance committee meeting on Nov. 19.
Tuition is regulated by the province, it determines how much tuition can go up annually. To stray from the framework, Ryerson will need to seek approval from the Ontario government.
Ryerson President Sheldon Levy is unsure how much fees could be raised. He has to talk to government about whether an increase is possible and if a fee would be determined by benchmarking other universities’ fees.
According to Levy, Ryerson MBA tuition fees are lower than other universities because Ryerson wanted to have an edge when the program started. This year, Ryerson MBA fees set students back about $13,200. York University’s Schulich MBA costs students about $23,800 for two terms.
“We were in a competitive mode,” said Levy.