Toronto, Ontario, CA · 20 months
Toronto Rotman MBA: cost, salary and payback
A 20-month MBA in Toronto whose tuition and living budget are public while its employment report is sent only on request.
Paid back after graduation in
salary not published
Total cost $269,186
| Tuition and fees, whole program | $101,656 |
| Living budget | $27,920 |
| Salary given up, 20 months | $150,000 |
| Summer internship earned | −$10,390 |
| Total cost | $269,186 |
| Salary after: salary | not published |
US dollars at the ECB rate of the last update. Raises of 5% a year with the MBA and 3% without, discounted at 5%, before tax. How this is calculated.
Fees and budget read on October 13, 2026 · employment: Classes 2022-24 (salary, 3-year average); Class of 2024 (employment rate) (school standard) · Built by Radif Partners · Method
- Tuition and fees
- CA$144,770
- Total cost, salary given up included
- n/a
- Salary
- not published
- Payback, reference person
- not computable
The Rotman full-time MBA at the University of Toronto lists academic fees of CA$144,770 for international students, about $101,656; Canadian students pay less, and university incidental fees come on top without a published amount. The school's minimum living budget for a single student downtown, counted here for the length of the program, gives CA$39,761, for CA$184,531 before any salary is counted. A person earning $90,000 today would also give up $150,000 of pay over the 20 months. The total and the payback stop there: Rotman publishes no base salary for a graduating class, only a three-year average of total pay that includes bonuses, so this site computes no payback and no ten-year value. What sets the program apart is a paid internship built into its 20 months, which paid CA$5,919 a month on average (about $4,156) for the class of 2025.
A salary figure that cannot be set beside the others
Rotman's public pages give one pay figure for its graduates: an average of total compensation, base salary plus bonus and other pay, across three graduating classes. Every school that this site ranks on salary publishes something narrower, a base salary for one class, usually a median. Putting the Rotman figure in the same column would add bonuses that the others leave out and blend three hiring years into one, so we do not use it. The full employment and salary report, with industries and destinations, is sent only to people who fill in a request form, and the last edition that was freely downloadable is several years old.
The consequence on this page is plain. There is no payback, no ten-year value and no place in our rankings for Rotman, and the tables below show no industries or regions. The cost lines are complete, and the calculator at the top accepts any salary you type: if the school sends you its current report, enter the median base salary it gives for your target industry to see your own payback.
The salary you give up while you study
Salary given up, net of the internship
$157,500
| Gross salary not earned | $157,500 |
| Per month away | $7,500 |
Pension contributions and raises you would have had are not counted here.
Reading the cost lines
The academic fees of CA$144,770 are the international rate; Canadian citizens and permanent residents pay a lower one. They exclude the university's incidental and ancillary fees, which the program page does not quantify. The living budget starts from the school's own minimum for the first twelve months in Toronto, with rent at the low end of its range; this site scales those twelve months to the 20 months of the program. Since it starts from the lowest estimate the school gives, a candidate renting alone downtown should expect to spend above it.
A paid internship inside the program
The 20 months include a paid work term between the two years of study. The class of 2025 reported CA$5,919 a month on average (about $4,156), a figure that includes bonuses. Those months of pay reduce the salary given up: in the converter below, set your own currency, then subtract the internship earnings from the $150,000 that a person earning $90,000 forgoes. Fees are billed in Canadian dollars, so a candidate paid in another currency carries the exchange rate for the whole program.
A fee or a salary in US dollars
In US dollars
$111,880
| 1 EUR | $1.119 |
ECB reference rate of October 13, 2026. Prices on the ground do not follow exchange rates one for one.
Where Toronto Rotman stands in our rankings
Not ranked: Toronto Rotman does not publish a graduate salary or the split of the class by industry, which our ranking needs. Its cost is complete above.
Our fit score, reference person earning $90,000 before the MBA (method). Third-party rankings play no part in it. For reference, Toronto Rotman was ranked 81 in the FT Global MBA 2026.
What the Toronto Rotman MBA costs
| Item | CAD, and US dollars |
|---|---|
| Tuition, whole program | CA$144,770 $101,656 |
| Living budget, whole program | CA$39,761 $27,920 |
Toronto Rotman employment report: Classes 2022-24 (salary, 3-year average); Class of 2024 (employment rate)
| Measure | Value |
|---|---|
| Summer internship, per month (mean) | CA$5,919 |
Not published by Toronto Rotman in the documents we read: a graduate salary; the split of the class by industry; where graduates went to work; the split by job function. We leave these blank rather than fill them with an estimate.