FINANCING YOUR ROTMAN MBA

Entrance Scholarships and Fellowships
Interest Subsidy Programs
Loans
Employment Opportunities
Yearly Schedule

The Rotman School strives to recruit the best candidates to its programs, and is committed to helping you afford your education by providing you with a broad range
of financial options.

Click here to view financial aid options, listed by country.

Entrance Scholarships and Fellowships

Each year, the Rotman School grants approximately $4.2 million in entrance scholarships, fellowships and awards to about 15 per cent of our students. These are
offered on the basis of exceptional merit and range from $10,000 to $40,000.

They include:

• Five full-tuition scholarships
• Full-tuition scholarship for the top Canadian male and top Canadian female
• Full-tuition scholarship for the top international student
• Alumni Entrance Fellowship: $54,000
• Christensen Family Scholarship for the Arts: 50% of Program Fee
• Dr. Doris Lau MBA Scholarship in Finance: $25,000
• The Bonham Scholarship: $25,000
• 50 per cent tuition scholarships for the top candidates from the countries from which Rotman recruits

No separate scholarship application is required and you will be automatically considered for scholarships when your application is reviewed for admission.

The Rotman School offers a number of continuing scholarships, fellowships and awards to students who have completed the first year of their MBA Program. Administered through the MBA Program Services Office, the call of applications (where required) takes place at the end of the spring term and applications are due no later than May 31, unless stated otherwise. Most are available to both domestic and international students on the basis of academic merit.

Click here for a list of scholarships, fellowships and awards for full-time MBA students.

Click here to view the 2009 Student Awards Ceremony program showing recipients of all scholarships, fellowships and awards for the 2009-10 academic year.

Interest Subsidy Programs

Scotiabank Interest-Subsidized Tuition and Laptop Loan
Canadian citizens and landed immigrants in the Full-Time, Morning and Evening programs can access an interest-subsidized loan to cover the full cost of their tuition and the laptop required of all students enrolled in the two or three-year MBA program. The interest subsidized period runs over the 22 months of the Full-Time program, and over the entire length of the Morning and Evening programs.

Rotman Interest Subsidy Program (RISP)
Students who have obtained student or education loans from an officially-recognized financial institution (in Canada or in their home country) can enroll in the Rotman Interest Subsidy Program (RISP). The Rotman School may provide a subsidy for the interest incurred on a student loan for the duration the student is registered in the MBA Program (e.g., September 2009 to June 2011). The subsidy will be calculated based on the prime interest rate (in Canada) and a loan amount not to exceed the tuition fee of the MBA program.

Loans

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. When you apply to your provincial government for assistance, you are also automatically considered for a loan through the CSL.

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 osap.gov.on.ca.

Eligibility requirements, maximum borrowing amounts and loan repayment policies vary from province to province. Usually 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.

Employment Opportunities

Rotman Scholars
The Rotman School offers an academic mentorship program for first-year core courses. Second-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. Applicants must possess a strong desire to assist students and an ability to commit (approximately) 10 hours per week for the duration of the course to which they are applying. The role of the Scholar typically comprises a weekly tutorial session in which he/she may expand on material covered in class; provide guidance in preparation for an upcoming deliverable, quiz or exam; and/or address specific topics which individual students are seeking clarification on. In addition to the weekly tutorial sessions, the Scholar may perform other functions such as one-on-one tutorial support for students who are facing academic challenges; individual or small group meetings prior to exams or major projects; and instructor support (excluding the grading of course work which is the responsibility of Teaching Assistants).

Rotman Team Mentors
Rotman Team Mentor Awards have been established to recognize achievement and allow MBA students to both demonstrate and enhance their leadership skills by providing coaching and mentorship to the first year MBA project teams.  These opportunities are uniquely suited to upper-year students who have experienced the core MBA team experience and therefore have an understanding of the challenges and opportunities that students face in the Rotman MBA core set of courses.

Team mentors are selected on the basis of strong communication and leadership skills, a demonstrated understanding of team processes and a belief in the value of teams. 
Team Mentor Awards are valued between $1250 and $2500.

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, midway through the Full-Time MBA program.

Opportunities for International Students
While most of the loans and subsidies offered at the Rotman School are restricted to Canadian citizens and landed immigrants, international students are eligible for most 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 face no barriers to finding the right job—both summer and post-MBA—in Canada. Many international students choose to return home during the summer break between first and second year, and upon completing the MBA program, while others remain in Canada to seek employment. International students may obtain a work permit for up to three years after graduation.

For more information, please view the Studying in Canada: Work permits for students section of the CIC website. If you have questions, contact MBA Program Services at ssr@rotman.utoronto.

Financial Options: Yearly Schedule for Two-Year 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:

First Year
• Entrance scholarships and fellowships awarded with offer of admission; allocated in September
• September 1: Scotiabank loans disbursed
• September 15: Canada Student Loans disbursed (first instalment)
• January 15: Canada Student Loans disbursed (second instalment)
• March: Majority of interviews for summer employment
• April: Call for applications for Rotman continuing awards and scholarships
• May: Summer employment begins
• Late August: Teaching assistantships assigned

Second Year
• September 1: Scotiabank loans disbursed
• Early-September: Rotman continuing awards and scholarships allocated
• September 15: Canada Student Loans disbursed (first instalment)
• January 15: Canada Student Loans disbursed (second instalment)