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Fees and financial support

Calculate your costs

Learn about the fees and expenses for the MFRM program, and the financial support available to you as a Rotman student.

Program fees

The program fee for students entering the MFRM program in fall 2022 is:

Domestic student fee: $39,850
International student fee: $70,370

Please note:

Program (academic) fees, University incidental fees and Rotman ancillary fees are set annually by the University and are subject to change. Fees are subject to approval at the University of Toronto Governing Council’s annual meeting in spring.

Financial support

The Rotman School strives to recruit the best candidates to its programs, and is committed to helping you afford your education. The following list includes awards, scholarships and loans offered by the University and externally.

GRI Entrance Awards

Scotiabank Latin American Scholarship

Peter Christoffersen Scholarship


No separate application is required and for the awards mentioned above, and all applicants will be automatically considered for the entrance awards listed above when their application is reviewed for admission.

Tip: The earlier you apply, the greater your chance of an entrance award.

Ontario Graduate Scholarship

Loan programs

Government loans

Lifelong Learning Plan (LLP)

Registered Education Savings Plan (RESP)

Financial aid for international students

Government of Canada International Scholarship Programs

Loan assistance for students from the United States

International Peace Scholarship Fund for Women (IPS)

International loans

Rotman's Master of Financial Risk Management

Hear the alumni, faculty and industry view on the Rotman MFRM

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Applications are closed for 2023 entry.

Limited spaces for exceptional domestic candidates to start in fall 2023. Learn more >>

Key Facts


  • 10 months, full-time


  • September, one intake per year

Program fee (2022 entry)

  • Domestic = $39,850 CAD
  • International = $70,370 CAD 

Employment rate

  • 95% (Class of 2021, within six months of graduation)


  • #1 in Canada
  • #4 in North America
  • #18 in the world

QS World University Rankings: Masters in Finance Rankings 2023