Funding
We recognize that pursuing an MBA is a significant financial investment and want to help ensure you are able to focus on your studies and research while pursuing your Ted Rogers MBA.
There are a number of funding packages – internal and external – available to Ted Rogers MBA students.
All applications are reviewed for entrance funding during the application process.
Thanks to a $15 million donation from Ted and Loretta Rogers, each year the Ted Rogers School of Management issues a total of 24 Graduate Entrance Scholarships and Awards worth up to $20,000 each.
Ted Rogers School Graduate Entrance Scholarship
The criteria for a Ted Rogers Graduate Entrance Scholarship is based solely on demonstrated academic excellence. This scholarship is open to full-time and part-time domestic applicants and full-time international applicants. Please indicate your interest in being considered for this scholarship when applying to the program on your application form. Scholarships are worth up to $20,000 each for full-time and up to $5,000 each for part-time candidates.
Ted Rogers School Graduate Entrance Award
The criteria for a Ted Rogers Graduate Entrance Award include academic excellence, extracurricular/community involvement, and financial need. Successful applicants (domestic students only) to the program will receive an application from the administrator before the start of the studies.
Ted Rogers MBA Black Graduate Leadership Awards
The Ted Rogers MBA Black Graduate Leadership award has been developed to support domestic full-time or flex full-time Black graduate students pursuing their studies at the Ted Rogers School of Management.
These awards recognize demonstrated leadership and community involvement, and alleviate some of the financial burden associated with graduate education.
Application Deadline:
First Consideration - February 20, 2023
Applications for this award will be reviewed on an ongoing basis past the first consideration deadline based on funding availability.
Value and Duration:
The expendable funds will provide up to three (3) $10,000 awards for the 2023-2024 academic year. Funding for the award will be made available to eligible students in the Fall/Winter terms.
Eligibility Requirements:
- Candidates who are Canadian citizens, landed immigrants/permanent residents or protected persons who have been issued a Protected Persons Status Document (PPSD) and have been accepted to the Ted Rogers MBA Full-Time or Flex Full-Time MBA Program.
- Candidates who self-identify as Black.
Weighted Criteria:
- Provide a 500-word statement outlining leadership and community involvement
- Complete a budget form demonstrating financial need
- Sign-off on declaration
How to apply:
- Once a student has been accepted into the MBA program, they need to complete the (PDF file) Ted Rogers MBA Black Graduate Leadership Awards form which includes their 500-word statement, budget form and declaration.
- Students would then scan and send this form to mba@torontomu.ca using the subject line “Ted Rogers MBA Black Graduate Leadership Award” by the February 20, 2023 first consideration date. Award applications will be reviewed on an ongoing basis past the first consideration deadline based on funding availability.
Any questions about this award can be directed to mba@torontomu.ca.
For more information and a comprehensive list of university-wide; provincial; federal and international awards to help fund your graduate studies at Toronto Metropolitan University, please visit the university's Scholarships and Awards webpage.
Black Graduate Student Awards
The Black Graduate Student awards are a suite of awards and bursaries established by Yeates School of Graduate Studies (YSGS) to support Black Students pursuing graduate studies at Ryerson.
Indigenous Student Funding Opportunities
Toronto Metropolitan University provides 64 Indigenous-specific student support services directly related to the main barriers of Indigenous student enrolment.
Visit the Aboriginal Student Services for a list of Scholarships, Awards, Bursaries and supports.
Indigenous Graduate Scholarship
The scholarship provides up to three (3) $5,000 awards annually commencing in the 2020/2021 academic year. Funding for the award will be confirmed annually in March of each year and will be made available to eligible students in the Fall.
Indigenous Graduate Student Bursary
The expendable funds will provide up to five (5) bursaries between $1,000 and $5,000 each for a maximum total of $5,000 annually commencing in the 2020/2021 academic year. Funding for the award will be confirmed annually in March of each year and will be made available to eligible students in the fall. Results will be announced in mid-September.
Assistantships
Research Assistants
As a Research Assistant (RA), students assist principal investigators in conducting research activities not related to the students' studies.
Graduate (Teaching) Assistants
Full-time Ted Rogers MBA students are eligible to be Graduate (Teaching) Assistants (GAs). GAs are graduate students who are employed to assist with teaching or related duties. Full-time graduate students can be employed for a maximum of 10 hours per week as GAs.
Visit the Careers and Opportunities website for postings.
BMO Student Line of Credit
A BMO Professional Student Line of Credit is a flexible, affordable way to pay for your business studies.
How it works:
- You have access to funds whenever you need them and only pay interest on what you borrow
- There are no annual or monthly fees
- You can pay the entire outstanding balance whenever you want, without a penalty
- Make interest-only payments while you are still in school and up to two years after graduation, followed by a monthly repayment schedule
External sources of financial aid
There are many scholarships and bursaries available to graduate students via external organizations.
For further information on financial aid at Toronto Metropolitan University, please visit Student Financial Assistance and Graduate Funding.
Ontario Student Assistance Program Grants and Loans (OSAP)
All Graduate Programs at the Ted Rogers School of Management are eligible for the Ontario Student Assistance Program (OSAP). Upon acceptance to one of these programs, eligible students may apply for a combination or government grants and/or loans.
For more information on how to apply, please visit the OSAP Application Website (external link) .
Financial Institutions
The following Canadian financial institutions offer Line of Credit programs designed for MBA students.
MPOWER Financing
MPOWER Financing (external link, opens in new window) is the leading provider of no-cosigner loans to students (external link) from around the world. MPOWER loans (external link) are based on your career potential and can cover tuition and other education-related expenses.
Key features:
- No cosigner or collateral needed
- Fixed-rate loans of up to $100,000 USD (about CAD $130,000)
- Interest rates from 6.49% with no prepayment penalty
- Career support through MPOWER's Path2Success (external link) program
- Applying is fast, free, and has no commitment. Apply through MPOWER today (external link) !
- Also check out their Scholarships (external link) !
Visit the MPOWER Financing (external link, opens in new window) website, call them at +1-647-503-4607, or submit an email through their online contact form (external link) .