Master of Finance 

at U of T, Toronto

Based on the data curated from an unofficial source, the University of Toronto acceptance rate stands at 54% meaning that out of every 100 applicants, 54 were given an offer to join this university. It is a moderate acceptance rate, making it a slightly selective university.

However, the acceptance rates for the Engineering programs, like Engineering, Rotman Commerce, and Computer Science, are relatively lower, standing at just 10 to 20% making it a highly selective university to get into.

Yes, to appear for the University of Toronto admissions. the students are required to submit an English proficiency test score such as IELTS or TOEFL. For IELTS, the students should have a minimum score of 6.5 with no band lower than 6.0 in any strand. 

Results from IELTS (Academic) are considered for admissions at this university. 

The University of Toronto offers on-campus accommodation campus to international students but students can choose to live off campus as well. Other than the tuition fees a major portion of your expenses in the university will go towards your accommodation, food, and other stuff and on campus,  these expenses might range from CAD 8,000 to CAD 15,000 per academic year. Also, your living expenses in Canada will depend on various factors such as your lifestyle, type of accommodation you choose and your personal expenses. However, off-campus living may cost you up to CAD 15,000 or more.

To get admission, the applicants are required to meet Toronto University admission requirements. These admission requirements are given below:

Undergraduate Courses

• All India Senior School Certificate awarded by CBSE / Indian School Certificate awarded by CISCE. Class 12 State Board exams with excellent results shall also be considered on an individual basis
• Note that CBSE students who want to study programs that need Calculus for admissions, like Business, Engineering, and Science programs, must present Class 12 Standard Mathematics for admission consideration
• Class 12 Applied Mathematics (Old and New syllabus) shall not meet the Calculus requirement

Graduate Courses

• For master’s programs, the applicants must have an appropriate bachelor’s degree, or its equivalent with a final-year average of at least mid-B from a recognised university
• For doctoral programs, an appropriate master’s degree, or its equivalent, with an average of at least B+ or demonstrated comparable research competence is required. Some departments directly admit students to a doctoral programme from a bachelor’s degree (Minimum average A- required)
• Also, do refer to country-wise requirements before applying to University of Toronto graduate programs

Read: Eligibility Criteria to Study in Canada 

Toronto University application fee for graduate courses is CAD 125  (Exceptions applicable). This is a non-refundable and non-transferable fee. On the other hand, the application fee for undergraduate courses is CAD 180. Payment is made at the time of application online using a credit card (only a visa or MasterCard credit card is accepted). 

Students will receive an acknowledgment from the university, with login instructions about two weeks after submitting Toronto University application for undergraduate courses. In the case of graduate programs, the decision on the application will vary by graduate unit, and is affected by the number of applications received. Some early offers of admission are sent out in January or February,  but, the majority of offers normally come in March. Generally, the University of Toronto advises applicants to expect a response by April,  although decisions continue to be made after this too.

As per facts of 2021, the total number of students in all three campuses of the University of Toronto was 97,066. More than 20,000 international students were enrolled in the undergraduate programs and over 4,500 international students were enrolled in the graduate programs. India is at No. 2 position out of all the 15 countries from where students came to study at the University of Toronto.

Also Read: Top 5 Reasons to Study in Canada 

University of Toronto as well as the York University are two well-known universities in Canada and great study abroad options for students. When it comes to rankings, Toronto University beats York University with the rank #25 in QS World University Rankings for the year 2025. Whereas, the latter has been ranked #362 in the same category. 

Mentioned below is the comparison between both the universities on the basis of some other parameters that can help you choose the better university for you:

University of Toronto offers a range of undergraduate and graduate scholarships to international students based on academic merit or financial needs. Some of the scholarships offered at the university are given as follows:

In the 2024-25 rankings by a top-ranking publisher, the Uni of Toronto ranks at #17 in the world in the Global University Ranking. As per the university’s president, Meric Gertler, the latest rankings of the university positions it among a small group of elite institutions that are making new discoveries and generating critical new knowledge across a range of fields. As per another world top-ranking publisher, the university ranks at #21 position in 2024. On the other hand, according to another top-ranking publisher, Toronto Uni ranks at #25 position in 2025. Considering the recent rankings of the Uni of Toronto, it can be said that the university ranks among the Top 30 Universities in the World.