Master of Business Administration [M.B.A]
Field of Study:
$50,971 /Yr
- Master of Business Administration (MBA) at the University of Toronto offers a full-time 2-year MBA program with a strong focus on business. The program is ranked by the Financial Times as one of the top 22 in North America and globally in the top 40.
- The University of Toronto is also ranked 2nd in Maclean's Top 10 business schools in 2020. With over 90 electives, students can customize their MBA experience. The faculty-student ratio is 1:19 and the management faculty at Rotman is the largest in Canada and highly ranked for business research.
- The Rotman School of Management provides a strong foundation in traditional business areas like strategy, operations, accounting, finance, marketing, human resources, and leadership.
- Scholarship programs up to $40,664 per year are initiated by the Government of Canada. Graduates can expect careers as financial or business analysts with an average salary of $47,199 per year.
Click below to know more about the Rotman School of Management
Important Dates
Event | Application Date |
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Application Deadline For 2024 Intake Round 3 | |
Application Deadline For 2024 Intake Round 4 | |
Tuition Fees
Year | 1st Year Fees |
---|---|
Tuition Fees | $50971 (CAD 68880) |
Other Expenses
Head | Avg Cost Per Year |
---|---|
Accommodation | $8140 (CAD 11000) |
Food | $3700 (CAD 5000) |
Personal Expenses | $2590 (CAD 3500) |
Public Transportation | $962 (CAD 1300) |
Total Cost | $15392 (CAD 20800) |
The tuition fees for first year is $67,532 and is $70,909 for the second year.
Eligibility & Entry Requirement
Acceptance Rate | 43% |
Academic Requirement |
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Work Experience | A minimum of two years of full-time work experience is strongly recommended |
English Language Proficiency Score | TOEFL iBT score - 100 | IELTS score - 7 |
English Language Proficiency Exemption Criteria | Students from India and Pakistan do not require proof of English language proficiency if they have an Undergraduate degree from an English-language university. |
GMAT |
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Documents Required |
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Interview | All the applicants who are admitted to the program will be interviewed. Interviews are by invitation only. |
Application Fee | CAD 180 (11,122 INR) |
Applications Deadline | March 6th, 2024 |
Decision time | within 4 weeks |
University of Toronto (Rotman) MBA Application Process
Step 1: Choose the Right MBA Program
- Candidates should take the time to research the various MBA specializations available at the University of Toronto and choose the one that aligns with their objectives, areas of interest, and background.
Step 2: Check the Admission Requirements
- Ensure that you meet the eligibility criteria.
Academic Requirement |
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Work Experience | A minimum of two years of full-time work experience is strongly recommended |
English Language Proficiency Score | TOEFL iBT score - 100 | IELTS score - 7.0 |
English Language Proficiency Exemption Criteria | Students from India do not require proof of English language proficiency if they have an Undergraduate degree from an English-language university. |
GMAT |
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Step 3: Check the Application Deadline
- The application deadlines for the Full-Time MBA are:
Round 2 | January 13, 2024 (Decision by March 17, 2024) |
Round 3 | March 6, 2024 (Decision by May 5, 2024) |
Step 4: Write GMAT and IELTS
- GMAT
Eligibility Criteria |
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Exam Pattern | Analytical Writing Assessment | Integrated Reasoning | Quantitative Reasoning | Verbal Reasoning |
Preparation Time | Students must allocate 6 months for GMAT exam preparation. |
Preparation Tips | It is advisable to practice verbal reasoning thoroughly as candidates generally require more time to complete this section of the GMAT. |
Registration |
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Result | Within 20 days of writing the GMAT |
GMAT Score | Avg. GMAT Score Required: 670 |
- IELTS
Mode of IELTS | Paper and Computer Delivered Test |
Preparation Time | Candidates must allocate 4 months for IELTS exam preparation, with a focus on improving basic grammar, reading speed, test-taking strategies, and writing skills. |
Preparation Tips | Candidates usually need more time to complete the general training reading section of the IELTS so it is recommended to thoroughly prepare for it. |
Exam Fee | INR 15,500 |
Online Registration |
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IELTS Result | within 3 to 5 calendar days from the test date |
IELTS Score | Avg. IELTS Score Required: 7.0 |
Step 5: Prepare for Essays and Interview
- As a candidate, you must highlight a distinctive attribute or ‘spike factor’ that you believe will add value to the Rotman community and relevant stories to showcase your uniqueness. Afterward, shortlist 2-3 of your strongest qualities. You may also include photographs that complement your stories to enhance your application.
- Candidates may be asked a variety of questions, including What attracts you to Rotman?, Why have you chosen this particular course at Rotman?, Why do you feel that you are the ideal candidate for this course?, what can you bring to the Rotman community? and many more.
Step 6: Create an Online Profile
- You will need to create an online profile to start your application. This profile will allow you to log in and out of your application as needed, track your progress, and receive updates on your status.
Step 7: Choose an MBA specialization and Start the Application
- Once you have created your profile choose the MBA specialization you want to apply for and start your application.
- You will be required to provide information such as personal details, academic qualifications, employment history, and language proficiency.
Step 8: Submit Required Documents
You will need to submit the following documents to complete your application:
- Official Academic transcripts from all post-secondary institutions with full details of subjects studied and grades/marks obtained.
- 2 Letters of Reference (two professional recommendations).
- Financial Documentation (Proof that shows the financial background of the student)
- Essay and Video Interview (Applicants must highlight a distinctive attribute that they believe will add value to the Rotman community).
- Updated Resume/CV GMAT or GRE score report.
- English language proficiency test scores (TOEFL, IELTS, or PTE Academic).
Step 9: Pay the Application Fee
- You will need to pay the application fee, which is non-refundable. The fee amount varies depending on the program and citizenship.
Step 10: Track Your Application
- After submitting your application, you can track your status by logging in to your profile. You will receive an email notification once your application is complete, and a decision has been made.
Step 11: Attend an Interview (if invited)
- If you are selected for an interview, you will receive an invitation via email. Interviews can be conducted in person or virtually
Step 12: Receive Admission Decision
- Once the admission committee has reviewed your application, you will receive an admission decision. If you are admitted, you will receive an official offer letter with details about the program, tuition fees, and other requirements.
Step 13: Scholarship Process
- The scholarship process for international students is competitive, but there are several opportunities available to help. To be considered for scholarships, candidates must meet certain eligibility criteria, such as academic background, work experience, essays, LORs etc. Some scholarships are specific to certain regions, countries, or gender, so make sure to read the eligibility requirements carefully.
- All candidates including international applicants are automatically considered for merit-based entrance scholarships. There is no need to submit a separate application for the scholarship. If you are selected for a scholarship, the U of T admissions office will notify you. Scholarship recipients are typically announced a few weeks after the application deadline.
Step 14: Offer Acceptance Period
- Candidates generally have a period of one month to finalize their decision and reserve their spot by submitting a deposit of CAD 5,000.
Step 15: Pay Tuition and other Fees
- The estimated annual tuition fees for the Full-Time MBA Class of Fall 2024 is listed below:
Nationality | 1st-year academic fee | 2nd-year academic fee | Total academic fee |
---|---|---|---|
International students on a study permit | CAD 67,532 | CAD 70,909 | CAD 138,441 |
Canadian citizens and permanent residents | CAD 46,270 | CAD 46,270 | CAD 92,540 |
- The estimate of the minimum funds a single student will need for other expenses for the first 12 months in Toronto is listed below:
Textbooks | CAD 2,000 |
Laptop | CAD 1,600 – 2,000 |
Accommodation | CAD 8,000 – 14,000 |
Food | CAD 4,000 – 5,500 |
Personal expenses | CAD 2,000 |
Public transportation | CAD 1,300 |
Health Insurance (UHIP) for International students | CAD 756 |
Total | CAD 19,656 – 27,556 |
Step 16: Complete the Visa Process
- Visa Process
Eligibility Requirement for a study permit |
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Visa Application Process |
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Waiting Time | Once you have submitted your application,Visa Application fees (CAD 150) and supporting documents, you need to wait for the processing of your application. The processing time is up to 9 weeks. |
Provide Biometric information | If required, you need to provide biometric information, such as fingerprints, photograph and Biometric Fee of CAD 85. |
Receive Visa Decision |
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Travel to Canada | Once you have received your study permit and letter of introduction, you can travel to Canada. |
Register for Course | After arriving in Canada, you need to register for a Course at the U of T and start your MBA program. |
Scores Required
Similar Programs
Program | Important Date | Total Fees | Median Exams Score | Action |
---|---|---|---|---|
M.B.A, McGill University 2 years | Application Deadline For Winter 2025 Intake (1st Aug 2024) Application Deadline For Summer 2025 Intake (1st Oct 2024) Early Application Deadline For Fall 2025 Intake (1st Dec 2024) Application Deadline For Fall 2025 Intake (15th Jan 2025) | USD 22,037 /Yr CAD 29,780 /Yr |
| |
Application Deadline For 2024 Intake Round 3 (31st Jul 2024) | USD 89,984 /Yr CAD 121,600 /Yr |
|
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Career and Placement after Course
Job Offer Received | 96% |
Some Recruitment Industries | CAD 139966 (INR 8547347) |
Average Duration to Get Placed | Within 3 months of graduation |
Scholarship Grants & Financial Aids
Name | Scholarship Per Student | Level of Study | Type | |
---|---|---|---|---|
Ontario Graduate Scholarship | Scholarship per student$ 7,400/Yr$10,000 | Level Of StudyDoctorate | TypeCollege-Specific | |
Ontario Graduate Fellowship | Scholarship per student$ 6,568/Yr$8,875 | Level Of StudyDoctorate | TypeMerit-Based | |
University of Western Ontario Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
Debesh Kamal Scholarship | Scholarship per student$ 890/Yr$1,203 | Level Of StudyBachelor | TypeMerit-Based | |
University of Montreal Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeCollege-Specific | |
Narotam Sekhsaria Scholarships | Scholarship per student$ 14.8 L/Yr$2,000,000 | Level Of StudyMaster | TypeMerit-Based |
College Student Profiles
Programs Comparison
ranking | # 12 for Management by QS World University 2024 # 18 for Management by Times Higher Education 2023 | # 501 for Management by QS World University 2024 # 801 for Management by Times Higher Education 2023 | # 151 for Management by QS World University 2024 # 401 for Management by Times Higher Education 2023 | # 39 for Management by QS World University 2024 # 46 for Management by Times Higher Education 2023 | # 67 for Management by QS World University 2024 # 73 for Management by Financial Times 2023 # 201 for Management by Times Higher Education 2023 | # 19 for Management by QS World University 2024 # 40 for Management by Times Higher Education 2023 |
application | #1656 Applicants # 275 Admissions # 16 % Acceptance Rate | # 120 Admissions | #1680 Applicants # 420 Admissions # 25 % Acceptance Rate | #250 Applicants # 75 Admissions # 30 % Acceptance Rate | #343 Applicants # 151 Admissions # 44 % Acceptance Rate | # 99 Admissions |
exam scores | IELTS - 7/9TOEFL - 93/120 | GMAT - 650/800IELTS - 7.5/9PTE - 68/90TOEFL - 100/120 | GMAT - 550/800GRE - 309/340IELTS - 7/9PTE - 60/90TOEFL - 100/120 | GMAT - 670/800IELTS - 7/9TOEFL - 100/120 | Duolingo - 125/160GMAT - 550/800IELTS - 7/9PTE - 70/90TOEFL - 100/120 | GMAT - 550/800GRE - 310/340IELTS - 7.0/9PTE - 65/90TOEFL - 100/120 |
cost to study | Total Cost (Tuition + Living) -USD 49973.68 | Total Cost (Tuition + Living) -USD 35070.08 | Total Cost (Tuition + Living) -USD 43606.72 | Total Cost (Tuition + Living) -USD 75850 | Total Cost (Tuition + Living) -USD 93684 | Total Cost (Tuition + Living) -USD 72772.34 |
Return on Investment/Average Package | #Average SalaryUSD 73526.4 | #Average SalaryUSD 54020 | - | - | #Average SalaryUSD 85208.04 | #Average SalaryUSD 61420 |
documents required | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose | #Letter of Recommendation + Statement of Purpose |
application dates | Mar 6, 2024 (Application Deadline For 2024 Intake Round 3) Apr 28, 2024 (Application Deadline For 2024 Intake Round 4) | Jun 15, 2023 (Application Deadline for Fall 2023 Intake Round 2) | Jun 6, 2024 (Application Deadline For January 2025 Intake Round 1) Jul 18, 2024 (Application Deadline For January 2025 Intake Round 2) Oct 9, 2024 (Application Deadline For September 2025 Intake Round 1) Jan 15, 2025 (Application Deadline For September 2025 Intake Round 2) | Aug 1, 2024 (Application Deadline For Winter 2025 Intake) Oct 1, 2024 (Application Deadline For Summer 2025 Intake) Dec 1, 2024 (Early Application Deadline For Fall 2025 Intake) Jan 15, 2025 (Application Deadline For Fall 2025 Intake) | Jul 8, 2024 (Round 3) Sep 23, 2024 (Final Application Deadline) | Jan 15, 2025 (Application Deadline For Summer 2025 Intake) Jan 15, 2025 (Application Deadline For Winter 2025 Intake) |
Admission Criteria/Better to Have | - | - | - | - | - | GPA of 3.1 to 3.8 average and preferably 650 GMAT Score. Two years of full-time work experience gained after graduation from your Bachelor’s degree. |
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Reviews
Most Popular Tags
74 Reviews Found
- Likes:
- The atmosphere and the choices of studies,
- The people were nice and helpful made lots of friends
It was quick and simple, and my advisor was very helpful with the process. She helped me fill out all of the correct forms and helped me apply for financial aid. Went over the best route for the course in my field of study.
- Likes:
- Ranks number 1 in Canada. Had great alumni network and has good reputation in North America.,
- The depth and breadth of experience received in MBA class with diversified students. The Rotman school gives the experience to build network and grow your career in different domains of interest. The wheel is in the students hand to navigate their career as they wish.
- Dislikes:
- Sometimes too much focus on academic grades than practical experiences. Also, students get sometimes too much focus on just Consulting and Finance, which inhibits them to explore different areas. School can ensure students that career can grow in different areas by showing them more real life experiences.
It is good for the people who want to excel in their career. School gives the opportunity to change the domain experience as required.
My university is a place where talent and idea coverage meet global challenges. It's a campus that is known for its education, student success. The award-winning faculty, staff of this university have a numerous impacts on walks of life, thus it encourages me to be admitted here. My GPA was7.6 and I was required to an online application which cost $0.
After my business experience I wanted to get a formal business education in a global school. Rotman is the best in Canada, and Canada is a good country to be in.
Comments
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