Financing your MBA
The Rotman MBA is a serious investment in yourself and your career with a return that you will enjoy for the entire duration of your professional life. Learn more about the many options available to you as an international student for financing the cost of the program.
Working in Canada
International students are competitive candidates for employment in Canada — both for summer internships and full-time employment. Some of our international students choose to return home during the summer for 4 months between academic years, or upon completing the MBA program, while others remain in Canada to seek full-time work. All international graduates of the Rotman MBA program may obtain a work permit for up to 3 years after graduation.
For more information on work opportunities and career services please visit Careers.
Financial Aid for International Students
International students are eligible for many of the School’s scholarships, fellowships, teaching, and research assistantships. A number of external organizations also offer scholarships, fellowships, and loans to citizens of various countries to study in Canada. Students are individually responsible for applying to any programs managed outside of the Rotman School.
In addition, many countries provide loans or scholarships specific to their citizens. View a list of funding options for international students. The Rotman School does not guarantee, co-sign, nor endorse any of these specific programs for funding.
Prodigy Finance Loans
All international students admitted to the Full-Time MBA program are eligible to apply for a non-co-signer loan from Prodigy Finance. Although Rotman has no formal agreement in place, this firm has indicated a willingness to entertain loans up to the entire tuition fee for international students attending Rotman. Please note that these loans are governed by Prodigy Finance, and all decisions regarding approval and eligibility are made by Prodigy Finance. The Rotman School does not guarantee, co-sign, nor endorse any of these specific programs for funding.
Government of Canada International Scholarship Programs
The Government of Canada has a number of scholarships available to international students for study/research in Canada. These are organized by country of origin. Examples are:
- Canadian Commonwealth Scholarship
- Equal Opportunities Scholarship Program, Canada-Chile
- Government of Canada Awards Program
- Organizations of American States Fellowships Programs
Rotary Foundation Ambassadorial Scholarships
These scholarships aim to further international understanding and friendly relations among people of different countries. During their time abroad, Rotary scholars are expected to be ambassadors of goodwill through presentations to Rotary clubs and districts, schools, and civic organizations. Upon their return home, they are expected to discuss and share their experiences with Rotarians and others. Applicants must be nationals of a country where Rotary Clubs are located, and must have completed at least two years of university level coursework before the scholarship begins. More information can be obtained from local Rotary clubs or the Rotary Foundation.
International Peace Scholarship Fund for Women (IPS)
IPS is a program providing grants-in-aid for selected women from other countries for graduate study in the United States and Canada. An applicant must be qualified for admission to full-time graduate study and working toward a graduate degree in the college or university of her choice in the US or Canada. A student holding citizenship in either of these countries is ineligible. The Philanthropic Educational Organization, a pioneer society for women founded in 1869, has many resources and tips that you should explore if you are a woman applying from outside of Canada.
Financial Options: Yearly Schedule for Full-Time Students
While dates are subject to change according to regulations and availability, the following is a typical schedule of different financial options for the Full-Time MBA Class:
Entrance scholarships and fellowships awarded with offer of admission
September: First year of school term officially begins
September 15: Canada Student Loans awarded
March: Majority of interviews for summer employment
May: Summer employment begins
Late August: Rotman In-Program Awards and Teaching Assistantships awarded
September: Second year officially begins
Late September: Research assistantships are rewarded