Flexible Internship Program
As a professional school, career preparation for employment is part of the core academic mission at Rotman. The Flexible Internship Program increases the number of available work placement opportunities and enhances the learning experience for Full-Time MBA students by integrating the work placement into a formal course.
The Flexible Internship Program allows students to put theory into practice by deepening their foundational knowledge in management and business concepts through thoughtful reflection, coaching, and feedback. Students learn to apply core management ideas, models, data, and theories learned in the classroom during their first year core MBA curriculum in real time during their work replacement.
Flexible Work Placement Terms
Traditionally, the majority of Rotman Full-Time MBA students have completed their degree by taking two terms of courses, followed by a summer internship, and then two more terms of courses. The Flexible Internship Program expands the flexibility of internship work placement and the new associated course to be undertaken at any time after the first year during the summer, fall, or winter terms. The total time to complete the program remains the same as before. The responsibility for finding an internship opportunity and successfully securing employment lies with each student.
Required Work Placement Course
The Flexible Internship Program requires students to complete a work placement course in conjunction with their internship. Assessment and feedback takes place during and after the work placement course. It is preceded by introductory lectures to prepare students for their experience and followed by individual and group de-briefs. Because of the academic requirements associated with the new work placement course, students will take one elective less. The new course, which includes some in-class lectures and coursework assessments, will normally be completed in conjunction with a full-time work internship placement.
Work placement alternative
Any student who still does not find a suitable work placement during their time at Rotman will engage in a research based independent study course that also teaches the application of foundational management knowledge to real life managerial work problems. The course will study a real world firm/institution, again under the supervision of management faculty. The learning outcome goals are the same as the work placement course.
The Skoll Engineering BASc/MBA and the PharmD/MBA programs are “sequential” programs. Students first finish one degree (Engineering BASc and PharmD, respectively) and then begin the Full-Time MBA degree program. Students of these programs follow the same academic requirements for the Flexible Internship Program as all other Full-Time MBA students.
Students enrolled in the MGA/MBA with the Faculty of Arts and Sciences through the Munk school, and the JD/MBA program with the Law school are not required to participate in the work replacement course. However, they may elect to do so as an extra elective that does not reduce the required number of other electives.
The Flexible Internship Program increases the number of available work placement opportunities and enhances the learning experience for students by integrating the work placement into a formal course structure to deepen classroom learning through experiential opportunities and more formal feedback and coaching. Students will benefit from good communications with their host employers, careful tracking of their deliverables and feedback from faculty, as well as constant sourcing of new opportunities for new types of work placements. Faculty and administrative support will now directly aid the deepening and effectiveness of the learning that is associated with the work placement.
The Flexible Internship Program has been designed to develop better communication skills , enhance coaching and feedback, and reinforce the importance of individual reflection in personal development.
There are two main goals of the course:
- Students observe and analyze the business practices of an organization and develop suggestions for improvement. They develop a plan for communicating these suggestions. All along, students use core management frameworks learned during the MBA core curriculum to guide them.
- Students reflect on the situation of a professional manager in an organization and endeavor to improve it. It results in the development of a framework and tools and practices that support professional growth of a manager throughout their entire career.
Students are expected to achieve the following MBA learning outcomes through classroom work and experiential learning via internship work placements:
- Connect a specific idea, model, concept, or theory from the core MBA curriculum to actual management practice in a real company.
- Observe, analyze, reflect on, and offer suggestions to improve the value proposition of an organization.
- Observe, analyze, and reflect on the situation of a manager within an organization and develop a framework for professional growth throughout their career.
- Seek, accept and internalize feedback.
- Engage in professional, timely, regular, purposeful communications.
- Discuss insights, observations, and ideas on an ongoing and regular basis with a mentor in order to achieve reflection, progressive understanding, and professional growth.
Feedback and Coaching
Instructors are guides and coaches, but they are not necessarily functional experts on individual management concepts. They assess the ability of the student to analyze and reflect and communicate. The instructor provides feedback on clarity of thought, consistency of reflection and engagement, professionalism and quality of communications. Instructors act as a sounding board for the process of creating a path for professional growth for a manager.
The Flexible Internship Program is effective as of May 1, 2016. The new program requirements apply to students beginning the Full-Time MBA program in Fall of 2016. Students who are currently enrolled can choose to complete their degree under the existing requirements under which they entered the program, or “opt in” to the program change if they prefer the new program requirements.
Scholarships and Awards
This scholarship, the full tuition value for an MBA, is the largest and most prestigious entrance scholarship available and is awarded annually to one truly exceptional student. Names in honour of the Rotman School of Management’s lead benefactor, Joseph L. Rotman.
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 full tuition. No separate award application is required and you will be automatically considered for these awards when your application is reviewed for admission.
Up to $600,000 is reserved exclusively for the JD/MBA program.
New: Regional Awards
One exceptional candidate from each of the following regions receives a $40,000 Entrance Award:
- Latin America/Mexico
- Middle East/Africa
New: MGA/MBA Awards
The top student in the MGA/MBA Program receives a $30,000 Entrance Award.
New: Skoll/MBA Awards
Successful Skoll/MBA candidates will be considered for Entrance Awards ranging from $10,000 to $30,000.
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
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.
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 2017-18 OGS applications are:
For Canadian citizens or Permanent Residents: 1:00 pm EST on Monday, May 1, 2017
Students interested in applying for an Ontario Graduate Scholarship should consult the School of Graduate Studies website for eligibility, conditions and application forms.
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.
All domestic students (Canadian citizens, permanent residents) can access a loan with competitive interest rates and loan limits to cover the full cost of their tuition, from the Bank of Montreal (BMO) or the Royal Bank of Canada (RBC). International students (those on study permits) can also access a BMO or RBC loan secured with a qualified Canadian resident co-signer, cash collateral, or standby letter of credit specifically with BMO.
Government Financial Assistance
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.
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.
Internship & Co-Op Employment
80-90% of Full-Time Rotman students secure paid employment during one of three work terms in the Summer (April - August), Fall (September - December), or Winter/Spring (January - May) in our Flexible Internship Program. Internship and other work placement salaries vary by function, geography and industry, but the average Rotman student earns over $5,000/month.
For more details, see our Employment & Salary Report.
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).
All international students admitted to the Full-Time MBA program are eligible to apply for a loan with the Bank of Montreal (BMO) or the Royal Bank of Canada (RBC) as part of the Rotman Professional Student Loan Plans. International students will be considered with a qualified Canadian resident co-signer or cash collateral.
International students can also be considered for a non-cosigned BMO loan for up to 100% of their program tuition fees with a Standby Letter of Credit issued from any BMO-approved bank in the student’s home country. With a Standby Letter of Credit, the bank in the student’s home country guarantees to pay the BMO loan amount should the student end up not re-paying it. The bank will then collect from the student the amount it pays to BMO.
International students are also eligible to apply for a non-cosigned 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.
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.
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.
- Entrance scholarships and fellowships awarded with offer of admission; paid in September
- September 1: BMO and RBC loans disbursed automatically
- 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
- May: Summer employment begins
- Late August: Teaching assistantships assigned
- September 1: BMO and RBC loans disbursed by student
- 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)