Fees and financial support
Calculate your costs
Learn about the fees and expenses for the MMA program, and the financial aid available to you as a Rotman student.
Tuition for the program
The tuition fee for students entering the MMA program in fall 2022 is:
Domestic Student Fee: $41,400
International Student Fee: $72,630
Tuition (academic) fees, University incidental fees and Rotman ancillary fees are set annually by the University and are subject to change. Fees are subject to approval at the University of Toronto Governing Council’s annual meeting in spring.
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.
The Rotman School is invested in admitting strong candidates who reflect the diversity and accomplishments of our community. We are particularly looking for driven candidates who are committed to integrity, excellence, collaboration and respect. Entrance awards range from $5,000 - $20,000, including the Director's Award and the Vice-Dean's Award and are awarded to future MMA students who demonstrate exceptional merit.
Women's Excellence Awards
Awards of up to $5,000 are granted to future female MMA students demonstrating exceptional merit.
Victor Tung Scholarship
One award of $4,000 will be granted to a future MMA student who demonstrates interest or activities based in innovation as part of their application.
Scotiabank Masters of Management Analytics Fellowship
Two awards of $10,000 granted to incoming MMA students who identifies as Black or Indigenous or a Person of Colour, and demonstrates outstanding academic merit.
No separate application is required and all applicants will be automatically considered for the entrance awards listed above when their application is reviewed for admission.
Tip: The earlier you apply, the greater your chance of an entrance award.
Ontario Graduate Scholarship
Jointly supported by the Ontario Government, the University of Toronto and 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 domestic 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 deadline for OGS applications is: For Canadian citizens or Permanent Residents: May 1 of the year you will start the program.
Students interested in applying for an Ontario Graduate Scholarship should consult the Rotman Office of the Registrar and Academic Services website for reference on eligibility, conditions and application forms.
Vector Scholarship in Artificial Intelligence
Valued at approximately $17,500, the Vector Scholarship in Artificial Intelligence (VSAI) is a merit and nomination-based award that recognize exceptional candidates pursuing the MMA program. All MMA students (domestic and international) with first class standing (minimum A- in their last two years of full-time undergraduate study) are eligible for consideration.
To learn more about the scholarship and eligibility requirements, please visit the Vector Institute website.
Sandra Rotman Healthcare Scholarship
The Sandra Rotman Healthcare Scholarship valued at $10,000 will be awarded to 1 incoming student in the Rotman’s MMA program; both domestic and international students are eligible. Requirements include background in healthcare or life sciences, either academic or employment-based, and expressed interest in pursuing a career in Health Sector Management, ideally in Canada. The scholarship will be awarded on the basis of academic merit. The recipient must enroll in RSM2020 – Health Sector Strategy & Organization.
Loan programs and interest subsidies
Professional Student Loan Plan (PSLP) with BMO and RBC
All domestic students (Canadian citizens, permanent residents) can access an interest subsidized loan to cover the full cost of their tuition, University incidental fees and Rotman-specific ancillary fees from the Bank of Montreal (BMO) or the Royal Bank of Canada (RBC). International students (those on study visas) can also access a BMO or RBC loan secured with a qualified Canadian resident co-signer, cash collateral, or standby letter of credit. The Rotman School pays the interest incurred on this specialized student loan for the duration the student is enrolled in the MMA program up to June 30 of their graduating year.
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 MMA program up to June 30 of their graduating year. The subsidy will be calculated based on the prime interest rate (in Canada) and a loan amount not to exceed the tuition, University incidental fees and ancillary fees of the MMA program.
The Master of Management Analytics program is considered a full time program, and as such, students are eligible for Canadian government loan programs. 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. For more information, consult the Ontario Student Assistance Program (OSAP) website.
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 website.
Registered Education Savings Plan (RESP)
Financial aid for international students
Professional Student Loan Plan with BMO and RBC
The Rotman School has partnered with the Bank of Montreal (BMO) and the Royal Bank of Canada (RBC) to provide MMA students with the interest-subsidized PSLP, specifically tailored to help students meet the educational costs of the MMA degree. International students (those on a student visa) 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.
The Rotman School pays the interest incurred on the BMO or RBC loan for the duration the student is enrolled in the MMA program.
Government of Canada International Scholarship Programs
Loan assistance for students from the United States
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 United States or Canada. A student holding citizenship in the United States or Canada is ineligible. For more information, visit PEO website.
International students are also eligible to apply for a non-cosigned loan from MPower Financing.
or Prodigy Finance.
. Although Rotman has no formal agreement in place, these firms have indicated a willingness to entertain loans up to the entire tuition fee for international students attending Rotman. Please note that these loans and scholarships are governed by MPower Financing or Prodigy Finance, and all decisions regarding approval and eligibility are made by MPower Financing or Prodigy Finance.
International students are also 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.