Financing your MBA
The program strives to recruit the best candidates, and is committed to helping you support your education by providing you with a broad range of financial options.
The Rotman School is invested in attracting strong candidates. You will be automatically considered for entrance awards as soon as you apply for the Global Executive MBA for Healthcare and the Life Sciences. These awards are based on the overall strength of your application. Apply now to start fall 2021. The earlier you apply the better your chances of receiving an entrance award.
Other loan or subsidy programs
Professional student loan plan with BMO and RBC
All Canadian domestic students (Canadian citizens, permanent residents) can access a loan with competitive interest rates and loan limits to cover the full cost of their tuition, from the Bank of Montreal (BMO) or the Royal Bank of Canada (RBC).
Lifelong Learning Plan (LLP)
The LLP allows individuals to withdraw amounts from their registered retirement savings plans (SPs) to finance their own education or that of their spouse/partner. Amounts withdrawn under the LLP do not count towards income and the SP issuer does not withhold taxes on these amounts.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.
Employer fee subsidy
Several Toronto-area financial institutions and employers have indicated a willingness to sponsor a number of their employees for all or part of the MBA program fees. Applicants are strongly encouraged to approach their employers for financial support. The Rotman EMBA program staff or faculty will provide any information or assistance an applicant might deem helpful in this regard.
Registered Education Savings Plan (RESP)
An RESP is an education savings account that is registered with the Government of Canada for parents who want to save for their child's post-secondary education. Once the child (the RESP beneficiary) has graduated from high school and enrolled full-time or part-time in a qualifying post-secondary educational program, the Plan holder can request, on his or her behalf, to withdraw money from the RESP to help pay for their studies.
Educational Assistance Payments include the interest earned in the RESP as well as any Canada Education Savings Grants, provincial grants and Canada Learning Bonds received. The money can be used to pay for post-secondary school expenses like tuition, books and transportation. For more information, consult the Canada Revenue Agency website.
Students can apply for a student loan without a cosigner, collateral, or credit history. MPower financing is available to US Citizens and residents, Canadian residents (Canadian citizens are ineligible) and citizens or residents of approximately 200 other countries around the world. Visit the MPower financing website
for more information.
Estimated tuition fees for the Global Executive MBA for Healthcare and the Life Sciences program
Program fee for 2021 entry year: $114,284 CAD*
Program fee for 2022 entry year: $115,383 CAD*
- All program materials
- Class-day meals
- Accommodation for Toronto residential modules
Students are responsible for travel and for accommodation for the London, UK, San Francisco Bay Area and Singapore modules.
* All fees are set annually and are subject to change. Payment dates, tuition, incidental and ancillary fees are set annually by the University and are subject to change at the Governing Council’s meeting in the spring.