The University of Toronto is a prestigious institute with its main campus in Toronto, Ontario, Canada. It is renowned for its top-notch MBA programs, generating competent professionals since its inception. However, before you begin your application process, ensure you are familiar with the University of Toronto MBA fees for international students. In this blog, we will discuss the cost of pursuing education at this prominent institute and how you can receive financial aid. Now, let’s dive right into our discussion without any further delay.
Institute | University of Toronto |
QS World University Rankings 2025 | #25 |
QS WUR Ranking By Subject – Business and Management Studies 2024 | #28 |
Total Number of Courses | 700 undergraduate and 200 graduate courses |
Annual Tuition Fees for an MBA Program | CAD 68,288 to CAD 115,426 |
Location | 27 King’s College Cir, Toronto, ON M5S 1A1, Canada |
This Blog Includes:
Overview of University of Toronto MBA Fees
The University of Toronto offers several MBA programs, with their annual tuition fees ranging from CAD 68,288 to CAD 115,426. International students have several options available to make the payment. These options include Convera and Flywire. Please note that the Student Receivables & Accounting Office does not accept payments through wire transfer and/or demand draft/money order.
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University of Toronto MBA Programs and Fees
Check out the University of Toronto MBA fees below. The university offers several world-class MBA programs that are globally recognised and boast a comprehensive curriculum. These degrees with their tuition costs and duration have been shown in the following table.
Course | Annual Tuition Fees | Duration |
Full-Time MBA | CAD 68,964 | 2 years |
Global Executive MBA for Healthcare and the Life Sciences | CAD 96,015 | 1 year, 3 months |
Morning MBA and Evening MBA | CAD 68,288 | 2 years |
One-Year Executive MBA | CAD 115,426 | 1 year, 1 month |
Rotman-SDA Bocconi Global Executive MBA | CAD 101,420 | 1½ years |
How to Pay the University of Toronto MBA Fees?
Now that you are familiar with the University of Toronto MBA fees, let’s look at what are some methods for making the payment. Convera and Flywire are some popular payment options for international students to pay tuition.
Convera: Convera is authorised by the University of Toronto for processing incoming international student tuition and residence fee payments. You pay the Canadian dollar fee in the currency of your choice at a competitive exchange rate online or at a local bank. Convera or the University of Toronto don’t levy any transaction charges.
Flywire: The University of Toronto has also authorised Flywire to process incoming overseas student tuition and residence fee payments. You can make the payment through this online payment portal in your home currency and local payment methods. You get real-time fee payment tracking and around-the-clock multilingual support in this service.
Application Fees
The application fee for an MBA program at the University of Toronto is CAD 195. Please note that the fee may vary depending on the type of MBA course you choose. We recommend that you check the application fee for the program of your choice on its official page.
Degree | MBA |
Application Fee | CAD 195 |
Payment Mode | Online |
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Popular Scholarships
Don’t worry if you are finding the University of Toronto MBA fees to be unaffordable. You can take the help of the following scholarships to receive financial support for your studies.
Scholarship | Grant |
Joseph L. Rotman Scholarship | Full tuition coverage |
Indigenous Student Leader Award | CAD 34,561 over 2 years (or 3 years if enrolled in a dual degree program) |
Entrance Awards | CAD 13,824 – CAD 124,420 |
30% Club Full-Time MBA Scholarship | Half-tuition |
RACBC Scholarship | Up to CAD 27,649 |
Relevant Reads:
FAQs
Answer: The annual tuition fees for the University of Toronto MBA programs, range from CAD 68,288 to CAD 115,426.
Answer: Yes, it is valid in India and you get even greater benefits with a foreign MBA like a higher salary.
Answer: In addition to tuition fees, international MBA students should budget for living expenses such as accommodation, food, transportation, textbooks, and personal expenses. The cost of living in Toronto can vary depending on lifestyle choices, but it’s advisable to research average living costs to create a realistic budget.
So, this was all about the University of Toronto MBA fees. Many Indian students dream of pursuing education in foreign nations due to the exposure and career growth they offer. Consider joining a free counselling session with Leverage Edu if you plan to study abroad.