McMahon studied for the priesthood at Maynooth College (where his uncle was president); he moved to France and joined the Society of the Priests of Saint Sulpice, and studied divinity in the Seminary in Paris, from which he was posted to Montreal, Canada, to the Suplician Seminary there.
[1] In 1843, McMahon moved to the United States and spent 40 years in New York City as a priest.
Although not born into wealth, he was left a small legacy which he invested in real estate, which gave him considerable wealth; he was noted for his business acumen (The New York Times called him the richest priest in American in his obituary.
[citation needed] In 1891 he moved to The Catholic University of America(CUA) in Washington and remained there until he died on 15 April 1901.
[2] He donated money to the Catholic University of America (some $400,000), and the McMahon Hall was built (for $250,000) in 1895 for the School of Philosophy.