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Graduate school acceptance rates and other prerequisites may vary by program and subject area and vary from year to year. Even the most qualified and confident applicants are concerned about going to graduate school. But don’t worry! Graduate school acceptance rates, which provide the percentage of applicants who have been admitted to a particular school or program in an academic year, can help you determine how likely you are to be admitted to a given program.

University Of Toronto Mba Acceptance Rate

Rotman School of Management also known as Joseph L. Rotman School of Management is located in Downtown Toronto. The school is part of the University of Toronto with an average year in the college involves the enrolment of nearly 3,421 students. 

Admissions decisions at Rotman School of Management for all programs are made on a rolling basis (with the exception of the Ph.D. and undergraduate programs). While applications are accepted throughout the year, many programs are highly competitive and may reach their enrolment capacities before the final application deadlines. 

• It accepts applications through the Ontario Universities Application Center (OUAC).
• Every program has its own admission requirements, deadlines, and criteria. Pathways and foundation programs are available for applicants who do not meet the minimum eligibility criteria.
• Most graduate programs require a minimum GPA of 3.0 on a scale of 4.0
• GMAT score is required for an MBA and most of the other programs. The average score is 670. The GMAT test code is BTD-KS-41.
• International applicants must submit English Proficiency Test Scores (TOEFL, IELTS, or equivalent)

Programs offered by the Rotman School of Management are Full-Time MBA, Morning & Evening MBA, One-Year Executive MBA, Rotman-SDA Bocconi Global Executive MBA, GEMBA for Healthcare and the Life Sciences, Master of Finance, Master of Financial Risk Management, Master of Management Analytics, Graduate Diploma in Professional Accounting, Ph.D., Executive Programs, Initiative for Women in Business, and Rotman Commerce.

Highlights

Application Portal	Website Portal
Application Fee (non-refundable)	195 CAD
Acceptance Rate	70%
Minimum GPA (undergraduates)	3.0
GMAT/GRE	550 or higher
Mode of Payment	Master-Card/ American Express/Discover/visa
Academic Calendar	Semester-based
Intake Seasons	Fall/Spring/Winter
Financial Aid	Available as Grants, awards, and scholarships

Full Time MBA

About this course
Duration	20 Months
Level	Masters Program

Course Description

• The program is offered by The Rotman School of Management and is no. 1 MBA program in Canada
• The Rotman School is Canada’s no. 1 business school and ranked in the global top five for its world-class faculty and research
• Students may specialize by choosing to focus on a major by taking courses such as Brand Management, Business Design, Consulting, Financial Reporting and Analysis, Funds Management etc.
• Graduates may pursue a career in Financial Services, Consulting, Consumer Goods and Retail, and Technology industry
• Students will study subjects such as Accounting, Economic Analysis and Policy, Finance, Integrative Thinking, Marketing etc.

University of Toronto Full-Time MBA Program Structure

The University of Toronto full-time MBA at Rotman School of Management combines 16 months of study with a four-month opportunity for an internship. In their second-year, students may choose to specialize in a particular discipline to guide them toward a specific career path.

Curriculum

The full-time MBA program at Rotman takes 20 months to complete. Sixteen months are spent in classes and four are spent completing an internship. Students in their first year will spend their time taking core classes that cover fundamental business skills such as accounting, ethics, strategy, operations management and economics. Students will also complete a capstone course.

In their second year, students can choose electives. They may pick an MBA major or take a variety of electives. Majors include Brand Management, Consulting, Investment Banking, and Real Estate.

Full-Time MBA Rankings

• Bloomberg (Canada): 3
• Financial Times: 94

Class Profile

The most recent Rotman School of Management full-time MBA class at the University of Toronto featured 334 students, 36 percent of which are female and 64 percent of which are male. The average age of the class was 27, with 4.6 years of prior work experience, a 3.5 undergraduate GPA, and a GMAT score of 658.

Career Statistics

For the most recent MBA class, 85 percent of full-time MBA graduates had a job within three months of graduating, and 91 percent had a job within six months. The average starting salary of Rotman graduates was $92,734, with an average signing bonus of $17,146. Financial services was by far the most popular industry chosen by recent graduates, with nearly 37 percent of students accepting related roles. Consulting followed at almost 20 percent, and consumer goods claimed nearly 9 percent of students.

Tuition, Scholarships, and Financial Aid

For the Class of 2020, the University of Toronto full-time MBA degree tuition for both years is $92,500 CAD for Canadian citizens and permanent residents, and $120,680 CAD for international students—excluding significant ancillary fees (please note that tuition fees, University incidental fees and the Rotman ancillary fees are set annually and are subject to change). The estimated minimum funds a single student would need for living expenses for the first 12 months in Toronto $20,856–$28,756.

There is more than $4 million of financial aid available through the Rotman School of Management. This aid comes in the form of a multitude of loan programs, government financial assistance and employment opportunities for both domestic and international students.

university of toronto mba requirements

Admissions

Applicants to the MBA programs must have completed a bachelor’s degree or its equivalent for admission. The application fee is $175, and required are one written essay and one reflection question, one video interview with a timed written response, two reference forms and a current résumé. Note: On average, applicants have four years of work experience, but only two are recommended, and there is no minimum requirement.

Applicants should have a minimum 3.0 GPA with official transcript sent directly from each institution where they earned a degree, as well as a GMAT or GRE score (no minimum score required). An English-proficiency score is required from all applicants who have degrees from institutions in which English is not the language of instruction or examination. After the submission of their application, applicants will be contacted to complete an interview. Due to the competitive nature of admissions to the program, successful candidates tend to exceed the minimum requirements.

Entry Requirements

Entry requirements for this course
Class 12th	No specific cutoff mentioned
Bachelors	7.5 GPAApplicants must hold a Bachelor`s Degree, requiring a minimum of 4 years of study (e.g. BPharm, MBBS, BDS, BTech, BEng, BArch, etc.) Or Completion of BOTH a Bachelor`s (three-year) degree and a Master`sApplicants must have a bachelor’s degree with a minimum of 1st Class/Div or 8.0/10; 7.5/10 from Indian Institutes of Technology
Exams	TOEFL : 100with a minimum of 22 on the writing and speaking sectionsIELTS : 7with minimum of 6.5 required for each componentGRE : AcceptedGMAT : Accepted
Additional info	Students do not require proof of English language proficiency if they have Undergraduate or graduate degree from an English-language universityA minimum of two years of full-time work experience is strongly recommended

university of toronto mba fees

The tuition fees charged for each session of registration have three components:

• Academic fee
• Rotman ancillary fees
• University incidental fees

The estimated annual tuition fees for the Full-Time MBA Class of 2024 starting the MBA program in September 2022, are listed below in Canadian dollars (CAD) and US dollars (USD): Full-Time MBA academic fees*

	Total academic fee	1st year academic fee	2nd year academic fee
Canadian citizens and permanent residents	CAD $94,854 USD $74,512	CAD $48,270 USD $36,347	CAD $48,584 USD $38,165
International students on a study permit	CAD $131,120 USD $103,001	CAD $64,910 USD $50,990	CAD $66,210 USD $52,011

Fees above do not reflect tuition for our combined degree programs. US dollar (USD) figures are based on the annual exchange rate of $1.2730 CAD to USD set by the Bank of Canada as of December 31, 2020.
JD/MBA academic fees*

	Year 1 – Law	Year 2 – MBA	Year 3 – MBA	Year 4 – MBA
Applicable Fee**	Law Fee	CAD $48,584 USD $38,165	CAD $48,584 USD $38,165	CAD $48,584 USD $38,165

In addition to the annual academic fee noted above, students are required to submit payment for University incidental fees* and Rotman ancillary fees*:

• The University incidental fees amount to approximately CAD $1,600, which covers the terms from September – end-April and include campus fees and student society fees. The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International Students only. The 2018 UHIP annual amount was CAD $612.
• The Rotman ancillary fees amount to approximately CAD $650, for the first year of the MBA program. Additional details, information and finalized amounts will be updated as available and found on your fees invoice, available in mid-July.

*Please note that the annual academic fee, University incidental fees and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting in May.

Typical living expenses

The following is an estimate of the minimum funds a single student will need for living expenses for the first 12 months in Toronto:

• 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

Costs, which will vary by individual, are listed in Canadian dollars (CAD) and based on residency in downtown Toronto.

Best MBA Universities and Programs in Toronto

Joseph L. Rotman School of Management, University of Toronto

Rotman was ranked as the best business school in the whole of Canada by the QS World University Rankings 2020. It tops the list in Canada by virtue of its all-round strength and diversity. 

The University of Toronto was placed 25th in the 2021 list of best universities across the globe. The MBA programs in this school are carefully curated to help you in all aspects of your career. Whether you wish to make a career switch, accelerate your career or start your own business, Rotman MBA will enable you to fulfill them. The school focuses on integrative thinking and business design. 

• Tuition -127,930 CAD
• Duration – 24 months
• Class size – 275
• Women – 44% 
• Intake – September
• International students – 51% 
• Average GMAT score – 670
• Work experience average – 4 years
• Average salary – 921,500 CAD

Programmes offered:

• MBA (Full-Time)
• Master of Global Affairs (MGA)/ MBA
• Morning and Evening Part-time MBAs
• Omnium Global Executive MBA
• Master of Financial Economics
• Collaborative Program in Asia Pacific Studies
• Collaborative Program in Environmental Studies
• Dynamics of Global Change Program

Schulich School of Business, York University 

Schulich positions itself as a very global school. Its immense global reach is portrayed by its campuses and satellite centres in India and China. Schulich MBA tops the tables for Canadian business schools in terms of return on investment (ROI) and diversity. The school is known for being highly selective for its undergraduate programmes, with an acceptance rate of approximately 8%. 

Students can opt for an International MBA which allows them to study abroad at one of 75 partner schools. The school also offers a joint EMBA with Kellogg, frequently rated as one of the world’s best. This is why it is classified as one of the best universities in Toronto for MBA.

• Tuition -106,900 CAD
• Duration – 20 months
• Intake – January, September
• Average salary – 93,100 CAD

Programmes offered are:

• BBA, iBBA (International BBA)
• MBA, iMBA (York)
• MPA (Master of Public Administration)
• MF (Master of Finance)
• Master of Accounting
• MSc in Business Analysis
• Executive MBA
• MBA/MFA/MA (MBA/Master of Fine Arts/Master of Arts)
• MBA/JD (MBA/Juris Doctor)
• Financial Engineering
• Post-MBA Diplomas

Ted Rogers School of Management, Ryerson University 

Established in 1948, post World War II, Ryerson is one of the oldest universities in Toronto. It is recognised internationally for its MBA Global program. This course provides a holistic business management education that blends academic theory with experiential learning. It offers an integrated approach to general management fundamentals and combines classroom learning with hands-on experience. It has a dedicated period to indulge students in tackling real-world business problems and requires them to come up with the best practical solutions. 

• Tuition – 35,819 CAD
• Duration – 12 months
• Intake – May, September
• Average GMAT Score – 628
• Average salary – 93,100 CAD

Programmes offered are:

• MBA (Full-Time)
• Management of Technology & Innovation
• MBA Global
• MBA (Part-Time)

Cost of MBA in Toronto

The expense of an MBA in Toronto is far lesser than in any other city in a developing country. This city proudly boasts that it can offer high-quality education at a relatively affordable tuition rate. The tuition fee may lie anywhere between CAD 35,000 to CAD 140,000. 

Another important aspect to be noted is the high return on investment. The ability to work after graduation gives us a broader view to evaluate the reasons for opting for further studies in Toronto. The steadily increasing economy here has countless job opportunities for you to work and earn here in Toronto, Canada.