How to get into the Rotman School of Management
MBA class profile, fees, salaries, application process, essays, interviews
The Rotman School at the University of Toronto continues to be a top choice among international MBA applicants.
Located in the heart of the culturally diverse Toronto, this school has been seeing a continuous rise in the number of applications over the years.
What is it that draws so many applicants to this business school?
Is it its reputation of being the number 1 business school in Canada? Or its strategic location close to Bay Street, the next Wall Street, buzzing with finance, technology, media companies and start-ups?
Let’s take a look.
Rotman is Canada’s top ranked business school by Financial Times. Rotman offers a good ROI for international students.
With the top US bschools having their tuitions as high as USD $130000 to $145,000 range, the Rotman MBA tuition fee is more affordable at Canadian dollars $120,000, which works out much lesser.
Rotman offers a generous $4 million financial assistance through various fellowships, scholarships and awards.
Its location in downtown Toronto has a concentration of companies offering some of the best job positions with top employers.
Toronto offers a high living standard and a variety of recreational activities. International students can conveniently transition from studying to a legal working status. And so can their spouses.
Another interesting and unique aspect about the Rotman MBA that has got attention is its innovative problem solving method.
Known as Integrative Thinking and Business Design, this model encourages a step-by-step approach.
It guides you through your thinking process so that you’re able to identify and systematically structure the problems and find the best solution. It’s a great tool in decision-making for businesses.
MBA program overview
The Rotman MBA comprises a 16-month study period with a 4 months internship.
The term begins in September and has four core terms. During this period, you’d be developing a solid knowledge of the core courses.
You’d also be introduced to The Integrative Thinking and Business Design model that we already discussed.
During the final term, you’d be able to take up three electives of your choice out of the 90 options available depending on the area of your interest.
The second year allows MBA students to specialise by choosing one out of fifteen majors or take elective courses. MBA majors are offered in variety of interest areas.
- Health sector management
- Brand management
- Real estate
- Innovation and entrepreneurship
- Investment banking
- Management analytics
- Leadership and change management
- Funds management
- Global management
- Risk management and financial engineering
- Process and supply chain management
The capstone project will give you hands-on experience in applying the decision making skills using the integrative method you picked up in the first year by applying it to real-world business problem.
Rotman offers a flexible internship program. Students are required to complete a course “Applied Management: Placement” which helps students get suitably placed according to their career goals. The four month long paid internship can be taken during summer, fall or winter terms.
Rotman Fee structure
The total academic fees for international students for the 2-year full-time MBA program is $120,680. This is just the tuition.
The other fees can cost you an additional $3000 for each year.
Other fees include
- University incidental fees
- Annual health insurance
- Rotman ancilliary fees
The total living expense is estimated to be in the range of $21,000 to $28,000 for a single student in downtown Toronto for one year.
Rotman offers $ 4 million financial assistance to its students in various forms. Here’s a list of some scholarships and fellowships you could be competing for.
- Forté Fellows Program for women
- Reaching Out LGBT MBA Fellowship
- Rotman Pride Fellowship for contribution to LGBTQ+ initiatives.
- Creative Destruction Lab Fellows Program for those exploring careers in entrepreneurship and start-ups.
List of scholarships and awards
- Joseph L. Rotman Scholarship
- Rotman Scholar Awards
- Ontario Graduate Scholarships
- Awards for In-Program Students
- The Rotman Family Healthcare Scholarship
- Entrance Awards
- Professional Student Loan Plans with BMO & RBC
- 30% Club Full-Time MBA Scholarship
- CIBC BASc / MBA Scholarships
International students may look out for other external scholarships from their home country that they qualify for.
Rotman offers Teaching and research assistantship positions and students can apply for it on completion of their first year.
During the four month long paid internships, students on an average earn around $5000 a month.
Loans for international students
International students may apply for bank loans from Bank of Montreal (BMO) or the Royal Bank of Canada (RBC). Prodigy Finance also offers non-cosigned loans covering the entire tuition fees for international students.
Recruitment at Rotman
Here’s a peek into the recruitment opportunities at Rotman and how you can leverage it to find the right job that suits your career goals
These sessions let students familiarise with various aspects of the company including a company’s culture and the job postings. These sessions include interviews for summer internships and full-time positions.
Students keen on exploring opportunities outside Canada can make use of these career treks to visit companies all over the world to take up internships and full-time employment. Whether it’s New York or Singapore or some other place where students wish to work, the Career Trek can help by taking the group of students to the desired destination.
The Rotman career centre conducts Industry Nights in partnership with the student clubs and recruiting companies. Students can make use of this chance to network with recruiters and explore the various areas or roles that fit their career aspirations.
These guest lectures attract a huge number of students, alumni as well as members of business community. It can be a great venue for networking and developing connections.
Rotman has an alumni network of over 11000. Students can benefit from mentorship program designed to form connection with alumni with similar interests
Here’s a sample list of some top companies that participated in the Rotman recruitment drive:
|Bain & Company||MorganStanley||UBS||Deloitte|
Rotman employment statistics
For the class of 2018, 85% of the students were employed within three months of graduation while 90% of the class found employment by the end of the year (2018).
The mean total salary was $99,575. The mean base salary was $92,133.
|Industry||Highest salary received|
|Technology & Telecommunications||$200,000|
The location of the business school in downtown Toronto allows students to explore job opportunities in and around. The school’s location serves as the hub for the finance sector, hence this school is very popular among finance professionals and saw a 38.7% placement in the finance industry. This was followed by consulting at 18.5%.
The latest incoming class has in all 334 students with 36% women and 51% international students. The average age is 27 while the average work experience is 4.6 years. The average GMAT is 658 and the average undergrad GPA is 3.5.
Rotman Admissions Process
Rotman offers multiple admission rounds for 350 seats available for the full-time MBA program. Currently, there are four rounds. Make it a point to apply in the earlier rounds, when the chance of acceptance is high and you have a better chance of being awarded a scholarship.
|Application deadline||Decision date|
|Early Round||August 5||September 3|
|Round 1||October 1||December 14|
|Round 2||January 7||March 8|
|Round 3||March 4||May 3|
|Round 4||April 29||May 31|
Rotman looks out for highly motivated individuals and those with leadership qualities who hold a high potential for success in their chosen field.
They also seek diversity in the incoming class, so you can expect students coming in from a variety of academic and professional backgrounds.
In your application, you need to demonstrate how you’d fit in. Be sure to highlight your unique qualities and what sets you apart.
Like other top international MBA programs, candidate would be evaluated based on their overall profile which would include past academics, GMAT/GRE scores and work experience.
At least two years of work experience is recommended. Rotman places emphasis on the quality of work experience rather than the number of years you’ve worked for.
If you’re able to demonstrate your leadership potential, you may considered even without having any work experience.
You need to have a bachelor’s degree or equivalent from a recognised university with a minimum GPA of 3.0 in the final year in order to be eligible to apply.
One thing to note is that Rotman is among the few international business schools accepting candidates who’ve completed 15 years of education, whereas in other business schools, 16 year of education is essential to be eligible to apply.
Following are the MBA application requirements:
- GMAT/GRE score
- Academic transcripts
- Two professional references
- Essay + reflection question + Video interview with timed response
- TOEFL/IELTS if applicable
(Not required if you’ve graduated from an English-language university)
- Interview (By invitation only)
Rotman MBA essays
Students have to submit an essay question, a reflection question as well as a video interview which includes a timed response.
The essay questions may change each year, here are some of the essay questions previously asked:
Next comes the reflection question that has remained unchanged over the past several years.
The video interview was introduced in 2013 and the technology being used for it came from a startup by a Rotman graduate.
It includes 2 questions with a new timed written response component (10 minutes in length).
For the admissions team, this is an opportunity to see you and hear you. These questions are designed to be impromptu and usually revolve around your interests and experiences.
The schools really want to see the ‘real’ you, without any bells and whistles or made-up stuff and hence this format.
After completing the video questions, applicants would have to answer a written response question. You’d have a total of ten minutes to read, understand, write or edit the answer.
This is a sample written response question provided on the Rotman official website
Improve your chances of getting into Rotman
As you might have guessed, the application process is rigorous. It requires quite a bit of foresight and planning. Hiring a good admissions consultant can make the journey less rocky.
MBA Crystal Ball has some of the best consultants for Rotman. We have helped many applicants get into the top MBA programs in Canada.
If you are looking for professional help with your Rotman MBA applications, drop us an email: info [at] mbacrystalball [dot] com
Hope to see you in Canada soon!