Rotman School of Management

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Scholarships and Financial Assistance

We offer over $4 million in financial aid available through a broad range of awards and programs. For example, we will pay the interest on student loans while you study.

Financial Options

Rotman pays the interest on your student loan

Scholarships and Awards

Entrance Awards
Awards for In-Program Students
Rotman Scholar Awards
Ontario Graduate Scholarships
CIBC BASc / MBA Scholarships
CIHR Science to Business Scholarship

View a list of Rotman students who won scholarships in 2014

Download a PDF list of all Rotman awards and scholarships

Entrance Awards

Each year, the Rotman School grants entrance scholarships, fellowships and awards to approximately one third of our students. These are offered on the basis of exceptional merit and typically range from $10,000 to half tuition. No separate award application is required and you will be automatically considered for these awards when your application is reviewed for admission.

JD/MBA Awards

$600,000 is reserved exclusively for the JD/MBA program.

New: Rotman Problem Solving Challenge

The top participants in the Rotman Problem Solving Challenge receive the following scholarship awards: 

Individual Prizes

Top individual written submission

$5,000

Top individual presentation

$10,000

Third place overall 

$15,000

Second place overall

$40,000

First place overall

$90,000

Group Prizes

Third place

$1,000/person

Second place

$2,000/person

First place

$5,000/person

New: Regional Awards

One exceptional candidate from each of the following regions receives a $40,000 Entrance Award: 

  • Canada
  • USA
  • Latin America/Mexico
  • Europe
  • Middle East/Africa
  • India
  • China/Asia 

New: MGA/MBA Awards

The top student in the MGA/MBA Program receives a $30,000 Entrance Award. 

New: Forté Foundation Scholarships

Twelve $40,000 scholarships were awarded in 2014. 

New: Skoll/MBA Awards

Successful Skoll/MBA candidates will be considered for Entrance Awards ranging from $10,000 to $30,000. 

Awards for In-Program Students

The Rotman School offers a number of scholarships, fellowships and awards to students who have completed the first year of their MBA program. Administered through the Program Services Office, the call of applications (where required) takes place at the end of the Spring Term each year. Most are available to both domestic and international students on the basis of academic merit, while some also consider financial need

Rotman Scholar Awards

The Rotman School offers an academic mentorship program for first-year core courses. Upper-year MBA students with an excellent academic record in a particular course and demonstrated communication skills will be selected to provide academic guidance and support to first-year students. Applications for Rotman Scholar Awards are available at the end of the Spring Term each year.

Ontario Graduate Scholarships

Jointly supported by the Ontario Government, the University of Toronto and generous donors to the Rotman School these scholarships are intended to encourage and support academic excellence at the master’s and doctoral levels and are awarded to students enrolled in full-time studies who have obtained a first class standing. An Ontario Graduate Scholarship at the Rotman School of Management is held for one year and valued at $10,000 to $15,000 per year, thanks to the generous support of our donors. The Rotman School’s deadlines for 2015-16 OGS applications are:

For Canadian citizens or Permanent Residents: 9:00 am EST on Friday, May 1, 2015 

Students interested in applying for an Ontario Graduate Scholarship should consult the School of Graduate Studies website for eligibility, conditions and application forms.

CIBC BASc / MBA Scholarships

The Skoll BASc/MBA program is supported by the generous contributions of the Jeffrey Skoll Foundation and the Canadian Imperial Bank of Commerce (CIBC). These gifts, gratefully received by the University, were matched through a Government of Ontario program called Ontario Students Opportunity Trust Fund (OSOTF).

These scholarships are awarded to students in the BASc/MBA program in the Rotman School who have displayed high academic merit in their first three years of Engineering studies and who have a high level of leadership potential. Additional preference will be given to students who demonstrate financial need.

Eligible students may receive a Skoll scholarship which helps to defray the difference between tuition fees in the Faculty of Applied Science and Engineering and those at the Rotman School of Management. A further award from the CIBC scholarship may be available to eligible students, the amount of which varies from year to year depending upon the number of recipients.

Applications are submitted to the Faculty of Applied Science and Engineering.

CIHR Science to Business Scholarship

Students with a PhD in a health-related field and wishing to pursue an MBA as their next step to a career supporting innovation in Canada should consider the S2B scholarship. This initiative is a partnership with Canadian business schools to encourage individuals with PhDs in a health-related discipline to pursue an MBA. It is anticipated that graduates of S2B-supported MBAs will pursue careers in research, management, regulatory affairs, public policy, patent law, and other specialties required to improve capacity and performance of commercialization and innovation. The long-term goal of this program is to develop a cadre of entrepreneurs and venture capitalists knowledgeable in health research and business management and foster an entrepreneurial culture within the research community.

Applicants must:

  • Be a Canadian citizen or permanent resident
  • Have targeted an MBA program in Canada to which they have applied or are planning to apply with a program start date between January 1st of the year they apply to the Science to business program and July 1st of the following yearHave obtained a PhD in a health-related field. Applicants who are expecting to receive a PhD after the application deadline may apply, however, the award will be contingent upon receipt of a confirmation of completion of all requirements of the PhD program. To be considered eligible, the applicant must provide a justification that the PhD topic of research was relevant to one or more of the CIHR areas of research.

The maximum amount awarded for a single award will be $30,000 per annum for up to two years ($30,000 per annum pro-rated monthly while registered in full-time classes; $15,000 per annum pro-rated monthly while registered in part-time classes). The awards are non-renewable. Please note that the Full-Time (2YR) MBA, Evening MBA, Morning MBA, and the Master of Finance programs are considered full-time.

Students apply directly to CIHR. Eligibility is no longer limited to MBA programs with a health stream. The application deadline is in February of each year.

For questions on CIHR funding guidelines, how to apply, and the peer review process contact:

Tommy Grouev
Program Delivery Coordinator
Canadian Institutes of Health Research
Telephone: 613-946-0093
Fax: 613-954-1800
Email: Fellowships@cihr-irsc.gc.ca

For questions about this initiative and research objectives contact:

Meghan Baker
Senior Knowledge Translation Specialist
Canadian Institutes of Health Research
Telephone: 613-960-6213
Fax: 613-954-1800
Email: Meghan.Baker@cihr-irsc.gc.ca

For full Science to Business application details, visit ResearchNet

Interest-Subsidy for Education Loans

Professional Student Loan Plans with BMO and RBC

The Rotman School is pleased to partner with the Bank of Montreal (BMO) and the Royal Bank of Canada (RBC) to offer MBA students an interest subsidized loan to cover the full cost of their tuition fees. The Rotman School pays the interest incurred on a specialized student loan for the duration the student is enrolled in the MBA program up to June 30 of their graduating year. The plans are available to domestic students (Canadian Citizens and Permanent Residents).

For questions or more information on Rotman's Professional Student Loan Plans with BMO and RBC, please contact: 

Jiffin Arboleda, 
Assistant Director, Student Financial Services, Rotman Program Services Office
jiffin.arboleda@rotman.utoronto.ca

Rotman Interest Subsidy Program

Students who obtain a student or educational loan from an officially-recognized financial institution (in Canada or in their home country other than BMO and RBC) to support the educational cost of their MBA are eligible to apply for the Rotman Interest Subsidy Program (RISP). The Rotman School will provide a subsidy to assist students with the interest incurred on such a loan for the duration the student is enrolled in the MBA program up to June 30 of their graduating year.

Government Financial Assistance

Government Loans

Each provincial government in Canada administers and maintains a student financial aid program in cooperation with the federal government’s Canada Student Loan (CSL) program. The assistance is in the form of interest-free loans while a student is in school, although some provinces award grants to students or offer additional assistance to students graduating with debt over a certain amount. When you apply to your provincial government for assistance, you are also automatically considered for a loan through the CSL. Eligibility requirements, maximum borrowing amounts and loan repayment policies vary from province to province.

In Ontario, the Ontario Student Assistance Program (OSAP) is available to help supplement (not replace) the financial resources that the student is expected to contribute. Information about OSAP can be found online at http://osap.gov.on.ca.

Lifelong Learning Plan (LLP)

The LLP allows individuals to withdraw amounts from their registered retirement savings plans (RRSPs) to finance their own education or that of their spouse/partner. Amounts withdrawn under the LLP do not count towards income and the RRSP issuer does not withhold taxes on these amounts. Withdrawals must be repaid over a period of no more than 10 years.

For more information, consult the Canada Revenue Agency at www.cra.gc.ca.

Employment Opportunities

Teaching and Research Assistantships

A variety of teaching assistant positions are available through Rotman and through the commerce and finance departments of the different campuses and colleges of the University of Toronto. Students who have completed the first year of their MBA are eligible to apply for these positions, which will be posted prior to each term and/or academic year. A limited number of research assistant positions are also available through individual faculty members and are mostly available in a student’s second year.

These positions are considered employment and not part of a financial assistance program. TA’s will receive T4 tax forms in February.

Summer Employment

Eighty to ninety per cent of Full-Time Rotman students find employment during the summer, with internships usually running from May to August. Salary figures vary by function, geography and industry, but the average Rotman student earns $5000/month. 

Opportunities for International Students

International students are eligible for many of the School’s scholarships, fellowships, and teaching and research assistantships. A number of organizations also offer scholarships, fellowships and loans to citizens of various countries to study in Canada. These programs have not been screened by the Rotman School, and students are individually responsible for applying. International students are competitive candidates for employment — both summer and post-MBA — in Canada. International students may obtain a permit to work for three years after graduation. (Work visas of one to two years is the standard at most Canadian and international MBA programs).

Financial Options: Yearly Schedule

While dates are subject to change according to regulations and availability, the following are typical schedules for the Full-Time MBA class.

First Year

  • Entrance scholarships and fellowships awarded with offer of admission; paid in September
  • September 1: BMO and RBC loans disbursed
  • September: Canada Student Loans disbursed (first installment)
  • October: Applications for Ontario Graduate Scholarships for the following academic year
  • January: Canada Student Loans disbursed (second installment)
  • March: Majority of interviews for summer employment
  • May: Call for applications for Rotman in-program awards including Scholars and Team Coaches
  • May: Summer employment begins
  • Late August: Teaching assistantships assigned

Second Year

  • September 1: BMO and RBC loans disbursed
  • September: Rotman in-program awards, and second installment of entrance awards disbursed
  • September: Canada Student Loans disbursed (first installment)
  • January: Canada Student Loans disbursed (second installment)

Learn MoreYour Guide to Rotman Scholarships

Rotman MBA Student

Scholarships

Lynda Paterson is part of the Recruitment and Admissions team

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