MBA in University of Toronto: Programs, Fees, Placement, Admission

Established in 1827 with the aim to help students improve, evolve, and excel in their chosen fields of study, the University of Toronto, located in Toronto city, has been at the forefront of higher education, research, and innovation. What students have always found fascinating about it is its academic excellence, global reputation, and vibrant campus life.

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Students love the multicultural environment because it doesn’t just enrich student life on campus but also helps shape their careers and future. The university has been recognized by many national and international educational bodies, including QS World University Rankings and Times Higher Education, which is a testimony to the quality education it offers to national and international students through the right mix of real-world industry and academic exposure. The University of Toronto has three campuses: St. George, Mississauga, and Scarborough. Scroll down to find the main highlights of the University of Toronto:

Category	Highlights / Key Facts
Founded	1827 – One of Canada’s oldest and most prestigious universities
Type	Public research university
Location	Toronto, Ontario, Canada – urban campus with three main campuses: St. George, Scarborough, and Mississauga
Enrollment	~100,000 students total (undergraduate + graduate)
Faculty & Staff	~12,000 faculty members; strong global academic reputation
Global Rankings	Ranked #1 in Canada and top 20–30 globally by QS & Times Higher Education; Rotman School of Management consistently ranked top in Canada for MBA programs
Research Strength	Over CAD 1.2B annual research funding; world leader in medicine, AI, engineering, and social sciences
Programs Offered	700+ undergraduate, graduate, and professional programs including MBA, JD, MD, Engineering, Arts & Science
Campus Life	40+ student clubs, athletics programs, cultural organizations, and research societies
Alumni Network	630,000+ alumni worldwide including leaders in business, politics, science, and arts
Notable Achievements	Discovery of insulin, stem cell research, contributions to AI, climate research, medicine, and finance

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About University of Toronto, Canada – Why University of Toronto for MBA

For more than a century, the University of Toronto has been the go-to institution for students who value academic excellence, research, collaboration, and diversity. The university has come a long way in recent years while maintaining and continuously improving its global rankings, reputation, and worldwide industry connections. The faculty of the institution consists of real-world leaders who bring value to the university’s presence not only in Canada but also at a global level. Strong career outcomes, including excellent placement rates and opportunities to work with top organizations around the world, further add to its prominence. The university appears even more appealing to students due to its enriching campus life, where they find almost all the academic, cultural, recreational, and support facilities they need for holistic development. Scholarships and financial aid provided by the institution are another major advantage that sets it apart from other institutions.

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University of Toronto – MBA Programs, Duration, Fees, Specialization

The University of Toronto takes students on an exciting journey into the world of modern business and corporate management with a focus on strategic thinking, leadership, problem-solving, communication, ethical decision-making, and data-driven analysis—skills essential for effective managers in today’s global business environment.
 The specially designed and developed MBA programs of the university are certified and recognized at the global level. The curriculum, syllabus, and study material, including the teaching methodology of the institution, are trusted by students for their strong academic rigor, practical relevance, industry integration, and ability to prepare graduates for real-world managerial challenges.
 While the general MBA program (full-time) with specializations such as Accounting, Finance, Global Management, and Marketing typically takes 1.6 to 2 years to complete, the Executive MBA (EMBA) program may take 2 to 2.6 years to complete. Find more information in the table below.

MBA Program	Duration	Approx. Tuition Fees (CAD)	Typical Specializations/Emphases
Full-Time MBA	~20 months (16 mo study + 4 mo internship)	Domestic ~92,540 / Intl ~139,140	Accounting; Finance; Marketing; Strategy; Leadership; Data Analytics & Modeling; Global Management; Health Sector Management; Innovation, Entrepreneurship & Business Design; Real Estate; Sustainability & Society
One-Year MBA	12 months	Domestic ~70,440 / Intl ~108,570	Similar emphases as Full-Time MBA (e.g., Finance, Marketing, Leadership, etc.)
Evening MBA	~3 years (part-time)	Tuition varies (pay per course)	Same core emphases as Full-Time MBA
Executive MBA (EMBA)	~13 months	~124,000 (approx. all-inclusive)	Leadership and general management focus for senior professionals
Global Executive MBA	~18 months (global format)	Varies; program + travel costs (not publicly standardized)	Global leadership, international business
Global Executive MBA for Healthcare & Life Sciences	~15 months	Varies	Healthcare leadership & management

Note: The fees of University of Toronto mentioned above are subject to change at the discretion of the university. For the latest updates or any possible changes in fees, please check the university's official website.  

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Admission Requirements and Eligibility Criteria for MBA Program in University of Toronto

The eligibility criteria for admission to the MBA program at the University of Toronto remain simple yet unavoidable. While the number of seats for each program has increased over time, the terms of admission and requirements still depend on academic excellence, personal and professional achievements, relevant work experience, and scores obtained in the required entrance examinations.

Admission Criteria / Requirement	Full‑Time MBA	One‑Year MBA	Evening MBA (Part‑time)
Undergraduate Degree	Recognized bachelor’s degree (4‑yr or equivalent)	Recognized bachelor’s degree in commerce/management/business OR specialized business degree OR relevant Master’s	Recognized bachelor’s degree (4‑yr or equivalent)
Minimum GPA	~3.0 (mid‑B in final year)	~3.0 (in final year)	~3.0 (mid‑B in final year)
Required Work Experience	Minimum 2 years full‑time (recommended range higher)	3–9 years full‑time post‑UG	Minimum 2 years full‑time
GMAT / GRE Requirement	GMAT or GRE recommended, valid scores submitted (no strict minimum posted; competitive scores higher)	GMAT/GRE required (waivers possible in some cases)	GMAT/GRE required
GMAT/GRE Waivers	Available for CFA Level II, CPA (CFE), PEng/Actuarial designation OR UofT high distinction (≥3.5 GPA)	GMAT/GRE required (waivers possible in some cases)	Available for CFA Level II, CPA, PEng/Actuarial designation
English Language Proficiency	Required if degree not in English: TOEFL iBT ~100 (min 22 speaking/writing) OR IELTS Academic ~7.0 (min 6.5 each)	Same requirement if degree not in English	Same requirement if degree not in English
Other Components	Resume/CV, essays, video interview/answers, references, official transcripts	Resume/CV, essays, video interview/answers, references, official transcripts; may include recorded and/or live interview rounds	Resume/CV, essays, references, official transcripts
Selection Factors	Holistic review of academic record, test scores, work experience, leadership, and personal fit	Holistic review; One‑Year MBA emphasizes strong business background and professional achievements	Holistic review with emphasis on career accomplishments and potential

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Cost of Living for International MBA Students in Toronto, Canada

The cost of education does not come solely from the tuition fees of an MBA program; it also includes expenses such as meals, daily transportation, and accommodation in the city. Among these, accommodation contributes significantly to the overall investment required for studying abroad. Like any other city in Canada, the cost of living in Toronto heavily depends on the type of accommodation a student chooses.

Expense Category	Typical Monthly Cost (CAD)	Notes (Student Focused)
Shared Apartment (per student)	600 – 900	Shared 2–3 bedroom, most affordable option for students.
Single Bedroom Apartment	1,600 – 1,900	Higher if living alone near downtown.
On‑Campus Residence	800 – 1,200+	Can include utilities/meals; varies by building.
Utilities (electricity, water, heating)	60 – 150	Typically split if sharing.
Internet / Wi‑Fi	50 – 80	Often shared between roommates.
Food & Groceries	200 – 350	Cooking most meals at home.
Transportation (TTC)	128 – 156	Student month pass rate (unlimited local transit).
Mobile Phone Plan	40 – 90	Depends on plan & data.
Health Insurance (UHIP/optional)	70 – 100	Mandatory for many international students.
Miscellaneous & Personal	50 – 200	Entertainment, supplies, toiletries.
Total Estimated Monthly Cost (Shared Living)	~1,100 – 1,700	Typical budget for students sharing accommodation.
Total Estimated Monthly Cost (Living Alone)	~2,200 – 2,800	Budget for students living in 1‑bedroom alone.

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Scholarship and Financial Aid for MBA Students at University of Toronto 

Scholarships and financial aid have emerged as the backbone of study abroad for many students. To ensure that deserving students do not face financial hardship while pursuing a world-class education, the University of Toronto offers a wide range of scholarships and financial aid options to eligible students. Here is the quick overview of popular scholarships available for the students.

Scholarship / Financial Aid	Who It’s For	Amount / Benefit	Notes / Eligibility
Joseph L. Rotman Scholarship	Full‑Time/One‑Year/Evening MBA	Full tuition value	Most prestigious merit award; automatic consideration with application.
Entrance Awards	All MBA applicants	~CAD 10,000 – 90,000	Merit‑based; awarded to ~1/3 of MBA students automatically during admissions review.
Dean’s Scholars	Full‑Time MBA	Varies (select top candidates)	Recognizes excellent academics, work experience, and extracurriculars; automatic consideration.
Indigenous Student Leader Award	Self‑identified Indigenous students	CAD 25,000	Merit‑based; may include financial need; payable over 2–3 years.
Black Leadership Award	Self‑identified Black students	Varies	Based on academic merit and community involvement.
Women in Leadership Award	Self‑identified female students	Varies	Based on academic merit and community involvement.

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MBA in University of Toronto – Application Process for International Students

The University of Toronto is not just an institution of brick and mortar; it is a platform where strong foundational leadership skills are instilled in students—skills that are essential to transform highly motivated learners into productive leaders of the future. With all the academic and employment benefits that come with studying at this prestigious institution, the University of Toronto is undoubtedly a strong choice for one’s overall career growth and future aspirations. If you are considering this university as part of your study abroad ambition for an MBA or any other undergraduate program, here is the application process you need to go through.

1.     Research & Choose Program

2.     Meet Eligibility Criteria

3.     Prepare Required Documents

4.     Complete the Online Application

5.     Submit Supporting Documents

6.     Admissions Assessment & Timed Written Assessment

7.     Interview (if invited)

8.     Receive Decision

9.     Accept Offer & Submit Official Documents

10.  Apply for Study Permit (Visa)

11.  Arrange Travel & Housing

12.  Orientation & Arrival

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