Study MBA from Rotman School of Management — eligibility criteria, course fees, scholarships

The Rotman School of Management at the University of Toronto has 2,900 students. One-third of that number represents the international students including Indian students. 

Their course of choice? MBA programs. 

Why the urge to study MBA at the Rotman School of Management?

Here are 3 principal reasons:

• Rotman School of Management — a part of the University of Toronto — is ranked as the top business school in Canada by Financial Times. Furthermore, the institution is placed among the top five business schools in the world; thanks to its world-class research facilities and faculty. 

• The MBA program of the Rotman School of Management is the top MBA program in Canada.
• Businesses such as Amazon, Apple, and McKinsey hire many MBA graduates from the Rotman School of Management. Furthermore, the institution boasts of a placement rate of 90% and higher since 2018.   

However, you can still have questions regarding the MBA program at the Rotman School of Management:

• What are the eligibility criteria?
• What are the course fees and other expenses?
• Can I get scholarships to study at the Rotman School of Management?

This article will answer all your questions. In the next seven minutes, learn all about studying MBA at the Rotman School of Management.

What if you still have questions after you finish reading the article?

That’s when you need AI by your side.

That’s when you need SelectRight. 

More on SelectRight now. Let’s get back to studying MBA at Rotman School of Management for now. 

Note: the information is true at the time of writing. That’s June 2022.

Also Read: Study Abroad Guide for Indian Students 2024

MBA at Rotman School of Management — a complete guide

Eligibility criteria

Applicants must have: 

• A bachelor’s degree or an equivalent degree with at least 7.5 CGPA out of 10. Furthermore, applicants must have a final year average of a minimum of mid-B from a recognised university.
• At least a 3.0 GPA in the final year of a bachelor’s degree from a recognised university.
• TOEFL scores of at least 100 out of 120 with at least 22 on speaking and writing.
• IELTS scores of at least 7 out of 9 with at least 6.5 for each compartment.
• A minimum of two years of full-time work experience. However, students applying for combined and joint degrees won’t need to fulfil this criterion. 

Deadline

The deadlines for full-time MBA programs at the Rotman School of Management are:

• October for Round 1
• January for Round 2
• March for Round 3

The deadlines for Executive MBA programs at the Rotman School of Management are:

• November for Round 1
• March for Round 2
• June for Round 3

University rankings

Check out the university rankings of the Rotman School of Management which is a part of the University of Toronto:

Course fees and other expenses

Expect to pay up to CAD 66,210 a year in tuition fees. Furthermore, expect to pay up to CAD 21,638 a year for food, accommodation, and other living expenses as well.

Check out the following table to get a breakdown of each cost to have a clearer idea:

Also Read: Top MBA Colleges in USA for Indian Students 2024: Rankings,Eligibility & More

Popular programs at the Rotman School of Management

Here’s a list of top master’s and graduate degree programs offered at the Rotman School of Management:

*The tuition is subject to change at the university’s discretion. 

Now, let’s get to know these programs in detail:

Full-time MBA

The Full-time MBA program at Rotman School of Management is 20 weeks long. Of these, 16 weeks include academic study and 4 weeks include a paid internship. Offered at the heart of downtown Toronto, this program is designed for ambitious professionals who want to reimagine the ways to tackle business problems. 

International students have to pay an estimated tuition of CAD $139,140 for a Full-time MBA at Rotman School of Management. As of the Class of 2023, the average starting salary for the graduates was $140,289 per annum.

The campus location for this program, Toronto, Ontario is one of the world’s largest cultural and financial capitals. This makes the program a great attraction for international students. The program has a total of 266 students, of which, 70% are international. 

The admission requirements for this program include:

• A bachelor’s degree from a recognized university
• A GPA of at least 3.0
• Satisfactory scores in the GRE or GMAT
• Work experience of at least two years
• At least two professional references
• An essay or personal statement
• English language test scores (Indian students who graduated from an English-language university don’t require any language tests)

One-year Executive MBA

This 13-month-long MBA program at Rotman School of Management costs around CAD $124,030 in tuition to international students. Here’s why this program is a great step in your educational journey:

• 73% of Executive MBA graduates receive a promotion at work within just one year of completing the program
• In just 13 months, you can transform your operational and strategic capabilities 
• The program has a dedicated scholarship fund of about CAD $500,000 for the incoming classes
• 31% of the EMBA cohort includes women
• The average age of the classes is 39 years
• The average work experience of the EMBA classes is 16 years in sectors including manufacturing, technology, energy, finance, communications, public service, etc.
• Most of the EMBA students also have an average of ten years of leadership experience. They have held titles like Senior Consultant, Director, Manager, Department Head, Senior Vice President, CEO, Vice President, and Business Owner. This will give you a great opportunity to connect with industry experts and exchange ideas. 

Also Read: Business-related MS vs MBA in the USA

Rotman-SDA Bocconi Global Executive MBA

Spanning seven cities across four continents, the Rotman-SDA Bocconi Global Executive MBA is an 18-month-long program designed for working professionals. The program is offered in the following cities:

• Toronto, CA
• Milan, IT
• Mumbai, IN
• San Francisco, US
• Copenhagen, DK
• Shanghai, CH
• São Paulo, BR

The Financial Times ranked Rotman’s GEMBA program #5 in 2023 among the top Business Schools in Europe. Bloomberg Businessweek 2023 called SDA Bocconi (the partner institution for this program) the top Business School in Europe.

International students have to pay a tuition of USD $110,000 for the GEMBA program at Rotman School of Management. However, the program has a dedicated scholarship fund of about USD $300,000 for students who can’t afford the tuition. 

The average age for the GEMBA students at Rotman is 40 years and 36% are women. The class has students from over 17 countries with an average work experience of 15 years. 36% of those students hold the position of a Manager, 30% are Board of Directors or Chairmen, 27% are VP or Director, and 7% hold other designations.  

Global Executive MBA for Healthcare and the Life Sciences

The Global Executive MBA for Healthcare and the Life Sciences program at Roman is a 15-month-long program. The program is offered in the following cities:

• Toronto, Canada (Modules 1, 2, and 5)
• London, UK (Module 5)
• Milan, Italy (Module 5)
• Singapore (Modeule 4)

This program offers expertise to drive innovation and lead change in a rapidly advancing landscape. With a combination of on-site and online learning, the Global Executive MBA for Healthcare and the Life Sciences helps you explore what’s possible. 

Students from Australia, Brazil, France, India, the USA, the Philippines, etc., enroll in this program. The average class age is 40 years and 52% are women. The Class of 2024 has an average work experience of 14 years with eight years of management experience. 46% of those students are administrative leaders, 25% are healthcare providers, 17% are industry leaders, 8% are researchers or scientists, and 4% are policy and government leaders. The students’ common job titles include Manager, Director, Physician, Head of Department, etc. 

Master of Finance 

The Master of Finance program at Rotman School of Management is a 2-month-long in-person program. According to the University of Toronto, Rotman’s Master of Finance program is the first one of its kind in Canada. 1/3rd of the program graduates are currently employed at the top five banks in Canada. The program also has a network of over 450 alumni working at investment management firms, pension funds, tech companies, etc.  

The application deadline for MFin’s Fall 2025 admissions is 27th November 2025. There are certain admission requirements laid out by the Rotman School of Management. Here’s a brief look into those requirements:

• You must hold a four-year-long undergraduate degree or equivalent from an accredited institution. 
• You must have scored a minimum GPA of 3.0.
• You must hold a minimum work experience of two years in finance or a relevant relevant field. 
• You must be proficient in English.
• You must provide your GMAT/ GRE test scores.  

If you meet all these requirements, you can apply for the Master of Finance program at Rotman School of Management. You will have to pay a non-refundable application fee is CAD 195.

Master of Management Analytics

The Master of Management Analytics program at Rotman is recognized by The Vector Institute. The QS World Rankings for Masters in Business Analytics 2024 ranked this program #1 in Canada. According to the University of Toronto, 97% of the program students from the Class of 2023 received employment within six months of graduation. The average annual salary for the same class graduates was CAD 88,392.

To be eligible for the program, candidates must:

• Hold a relevant bachelor’s degree
• Demonstrate their knowledge and understanding of Financial Accounting, Python, Foundations of Finance, and Statistics 
• Submit English language test scores

Scholarships

Studying MBA at the Rotman School of Management — a part of the University of Toronto — can poke a hole in your pocket. 

Expect to pay up to CAD 66,210 per year in tuition fees. Furthermore, expect to pay up to CAD 21,638 for accommodation, food, and living expenses as well. 

Check out these 3 scholarships that can help you sew the hole back:

The ROMBA LGBT+ Fellowship

The Rotman School of Management — a part of the University of Toronto — and the Reaching Out organisation sponsor the fellowship. The awardee receives a minimum of $20,000 scholarship and access to exclusive leadership programs that include a retreat.   

The awardee is expected to serve as a campus ambassador to the LGBT+ community. Furthermore, the awardee should help the administration identify future eligible candidates.

Creative Destruction Lab (CDL) Fellowship Program

The fellowship is open to up to 20 full-time MBA students wishing to pursue careers in start-ups and entrepreneurship. 

The awardees receive:

• Up to $27,000 in funding
• Guaranteed placement in the Creative Destruction Lab (CDL) Strategic Courses
• Sponsored access to key events including the Annual Rotman Machine Learning Conference and Disruption Experts Speaker Series events.    

Joseph L. Rotman Scholarship

The scholarship is awarded to an incoming student in the full-time MBA program at the Rotman School of Management at the University of Toronto. 

The awardee receives the full tuition fee for the full-time MBA program. The merit-based scholarship is awarded in honour of the Rotman School of Management’s visionary benefactor, Joseph L. Rotman, who passed away in January 2015.

While scholarships are a great way to reduce the expense of studying abroad, for many students, the options of scholarships are few and highly competitive. However, every student can still secure a low-interest education loan, which can save anywhere from ₹8 lakhs to ₹10 lakhs over the repayment period of their loan. This is where FundRight can make a huge difference.

With FundRight, you can simplify the process of finding the best loan deal for your education. Here’s how it works:

1. Create a profile with your financial and academic details.
2. FundRight connects you with over 15 top Indian and international lenders.
3. Lenders review your profile and bid to offer you the most competitive loan terms.
4. You compare these offers and select the one that best meets your needs.
5. Once you’ve made your choice, you can submit your documents securely and get your loan approved in as little as 10 days.

FundRight gives you access to multiple loan options in one place, ensuring you secure the best loan with favorable interest rates, saving you substantial amounts over the long run. Get started with FundRight and ease the financial burden of your MBA journey at Rotman School of Management.

Also Read: Best Scholarships for Indian Students in USA

Placement and top recruiters

The Rotman School of Management boasts a placement rate of 90% and higher since 2018. 

The average salary the students receive is CAD 112,897, including base, bonuses, and other compensations. Furthermore, the average signing bonus students receive is CAD 20,829. 

Graduates who attract the highest salaries usually come from these industries:

• Financial Services
• CPG and Retail
• Legal Services
• Consulting
• Energy and Natural Resources
• Healthcare 
• Real Estate  

More than 100 companies hire MBA students from the Rotman School of Management at the University of Toronto. Five of the most popular businesses that hire MBA students from the business school are:

1. Apple 
2. Amazon
3. McKinsey
4. Deloitte
5. IBM

FAQs