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Master of Finance 

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#1 in MIM in Canada

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  • Institute IconRotman School of Management
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Master of Finance
 at 
U of T 
Overview

Duration

20 months
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Tuition & Fees

31.07 Lakh
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Course Level

PG Degree

Master of Finance
 at 
U of T 
Fees

icon1st year tuition fees
Fees componentsAmount (for 1 year)
Tuition & feesINR 31,07,438
iconOther expenses in 1st Year
Fees componentsAmount (for 1 year)
Hostel & MealsINR 10,79,740
InsuranceINR 48,528
Info IconCalculated at the exchange rate of 1 CAD = INR 64.19 | Tuition & expenses were last updated on 17ᵗʰ December 2024

Master of Finance
 at 
U of T 
Curriculum

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Master of Finance
 at 
U of T 
Entry Requirements

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Master of Finance
 at 
U of T 
 
Frequently Asked Questions

Q:   How hard is it to get into the University of Toronto?
A: 

According to an unofficial source, Uni of Toronto acceptance rate stands at 54% which means that university accepts 54 out of 100 students. It is a moderate acceptance rate, making it a slightly selective university.

However, acceptance rates for 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.

Q:   Should I attend the University of Michigan or the University of Toronto?
A: 

Both the University of Toronto and the University of Michigan are top-ranked, highly reputed universities. If we consider the below comparison table, the University of Toronto ranked #13 among world universities whereas the University of Michigan ranked #3. The students must look for various other factors including affordability, career opportunities, academic structure, and campus life rather than just rankings. Students can check the table below for the comparison between the two:

Edurank 2025

University of Toronto

University of Waterloo

World Ranking

#13

#3

Country Rankings

#1

#3

State Rankings

#1

#1

Q:   Do you need IELTS for University of Toronto?
A: 

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. 

Q:   What are the University of Toronto admission requirements for international students?
A: 

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 

Q:   What is the IELTS requirement for U of T?
A: 

Check Toronto University IELTS requirement along with the test scores of other English language requirements from the table given below:

Tests

Undergraduate Test Scores

Graduate Test Scores

IELTS

Overall band of 6.5 with no band lower than 6.0

7.0 with at least 6.5 in each component

TOEFL

100 with 22 on the Writing section

93 with 22 in Writing / Speaking

Duolingo

120

NA

Master of Finance
 at 
U of T 
Rankings

Master of Finance
 at 
U of T 
 
Students also asked

Q:   How can I get admission at the University of Toronto?
A: 

As an international student, an application can be made via the official portal of the university 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 

Q:   How long does it take to offer back from the University of Toronto?
A: 

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.

 

Q:   What is the University of Toronto acceptance rate?
A: 

According to various unofficial sources, the U of T acceptance rate is around 43%. Keeping Toronto University acceptance rate in mind, it is relatively hard to get into the University of Toronto. Academic history of the applicants is considered while granting admissions at the University of Toronto. Furthermore, some programs may require supplementary applications, auditions or profiles. So, it is advised to the applicants to apply with proper documents as early as possible. Read: Reasons to Study at University of Toronto 

Q:   What documents do Indian students need for the University of Toronto application?
A: 

The University of Toronto is very popular among International students for a variety of reasons. Its acceptance rate stands at 54% making it a moderately selective university to get into. However, by meeting a few U of T admission requirements, Indian students can bag their offer letters. 

Please refer to the list of documents required at this university: 

  • Academic transcripts (Class 10, 12, and any university transcripts)

  • Proof of English language proficiency (IELTS/TOEFL/Duolingo/PTE)

  • Standardized test scores (if needed)

  • Letters of recommendation (for PG programs)

  • Statement of Purpose or essays (for some programs)

  • Portfolio/Audition (for Architecture, Fine Arts, Music)

  • Valid passport

Q:   Should I go to the University of Toronto, or the University of Waterloo?
A: 

According to QS Rankings 2024, Univ of Toronto has a ranking of #21 and Univ of Waterloo has a ranking of #112. Check the table mentioned below.

Year University of Toronto University of Waterloo
202029173
202125166
202226149
202334154
202421112

University of Toronto
Students Ratings & Reviews

4.1/5
Verified Icon36 Verified ReviewsInfo Icon
Student Views (Based on Reviews)
  • 28% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Friendly
Stressful
Internships3.6
Part time work3.4
Post study jobs4.4
Quality of faculty4.6
Student Life4.4
Value for money3.6
Public transportation4.4
Safety4.4
Indian Food4.3
Permanent Immigration3.7
A
AnonymousVerified Icon
Bachelors of Business Administration - Batch of 2027
Offered by University of Toronto
4
My study abroad life has been good so far.
Tips: Life in Toronto is full of surprises and activity. There's never much of a dull moment here. Classes are well structured and formulated in a way that they cover all essential aspects of your chosen field and the business programs are particularly renowned. Professors are wise and empathetic. Keep essentials from India especially medicines, as the winters can really trigger sickness if you're not used to it. Most of my meals are cooked and most groceries are available as well. Good experiences.
Total Monthly ExpenseCAD 1800
Prepping time for classes33 hours/Week
Expected Annual SalaryCAD 101400
Reviewed on 29 Oct 2025Read more
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A
AnonymousVerified Icon
BA Hons in Cognitive Science - Batch of 2027
Offered by University of Toronto
3.7
Good student life in Toronto.
Tips: Studying here in Toronto has been an interesting experience and challenging in some ways also. Research is good and you can get access to a lot of academic essentials such as journals, labs and mentors who are deeply involved. Good work is appreciated and will help you stand out. Pretty diverse with plenty of Indians around so it feels familiar.
Total Monthly ExpenseCAD 1425
Prepping time for classes32 hours/Week
Expected Annual SalaryCAD 99875
Reviewed on 26 Oct 2025Read more
Thumbs Up IconThumbs Down Icon
A
AnonymousVerified Icon
Master of Global Affairs/Master of Public Policy - Batch of 2027
Offered by University of Toronto
3.9
Promising place to grow.
Tips: My first impression of this university was realizing how huge it truly is and the class sizes account for the same. In fact, it becomes tricky to get individual attention and participation outside of office hours. The city is really expensive but the university is helpful with financial aid for those who genuinely need assistance. Coursework can become quite intense and you'll have to learn how to make the most out of your university experience. More transparency could make things better.
Total Monthly ExpenseCAD 1600
Prepping time for classes32 hours/Week
Expected Annual SalaryCAD 102175
Reviewed on 26 Oct 2025Read more
Thumbs Up IconThumbs Down Icon
T
Tarandeep Verified Icon
Master of Arts in Economics - Batch of 2026
Offered by University of Toronto
3.8
Fast paced learning here.
Tips: So far my experience has been mostly positive as I've liked the culture and the academics the most. There's lot to do on campus especially with regards to hobbies and sports and interests. You are given a lot of independence with projects and decision making as well. There are good internship opportunities as well and the exposure can be quite helpful. Plagiarism is seen as a very serious offence, so double check your work.
Total Monthly ExpenseCAD 1800
Prepping time for classes34 hours/Week
Expected Annual SalaryCAD 102175
Reviewed on 26 Oct 2025Read more
Thumbs Up IconThumbs Down Icon
A
AnonymousVerified Icon
MS in Applied Computing in Quantum Computing - Batch of 2027
Offered by University of Toronto
4
Good place to test your learning.
Tips: University of Toronto has got to be one of the most toughest yet rewarding places to pursue a career in STEM. If you're interested in research, then this place has a lot to offer. If you network well and early, you'll be able to land internships during your time here as the teach community is still growing. The cost of tuition and living is unwarranted, so come with a solid plan or scholarship.
Total Monthly ExpenseCAD 1500
Prepping time for classes33 hours/Week
Expected Annual SalaryCAD 114525
Reviewed on 24 Oct 2025Read more
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View All 39 ReviewsRight Arrow Icon

Master of Finance
 at 
U of T 
Highlights

  • Master of Finance is offered by Rotman School of Management under University of Toronto, Canada
  • The Rotman Master of Finance is established as one of the leading finance programs in the country, with faculty recognized as world-class thought leaders in the field, and an alumni network with deep roots in the Toronto financial sector
  • The program provides the most in-depth theoretical and applied finance training currently available
  • Students come from a variety of backgrounds such as financial risk, portfolio management, corporate finance, equity research, accounting, sales and trading, insurance, pensions, and legal settings
Read more

Master of Finance
 at 
U of T 
Scholarships

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Class Profile

Average class profile for this course
Work Experience6 years
GMAT Score Average679
Student Age31

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Akash takes keen interest in writing content. He is particularly drawn towards putting his thoughts into words and is what he enjoys the most. Currently working as part of the Study Abroad team at Shiksha, he keeps a sharp focus on education policie...Read Full Bio

Master of Finance
 at 
U of T 
Contact Information

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