Those 3 magic words that every international
student wants to hear: Easy Work Permit This isn’t the only reason why the Rotman
School of Management continues to be a top choice among international MBA applicants. Located in the heart of the culturally diverse
Toronto, this school has been seeing a continuous rise in the number of applications over the
years. What is it that draws so many applicants to
this business school? Is it its reputation of being the number 1
business school in Canada? Or its strategic location close to Bay Street, the Canadian
equivalent of Wall Street, buzzing with finance, technology, media companies and start-ups? Let’s take a look. The Rotman School of Management is Canada’s
top ranked business school according to the Financial Times. Rotman offers a good return on investment
(ROI) for international students. With the tuition at the top bschools in the
United States being in the range of 130,000 to 145,000 US dollars, the Rotman MBA tuition
fee is more affordable at 120,000 Canadian dollars. Rotman offers generous financial assistance
through various fellowships, scholarships and awards. Its location in downtown Toronto has a concentration
of companies offering some of the best job positions with top employers. Toronto also offers a high standard of living
and a variety of recreational activities. International students have the option of
obtaining a 3-year work permit for themselves as well as their spouses after completion
of their MBA program. Another interesting and unique aspect about
the Rotman MBA that’s gaining interest is its innovative problem solving method. Known as Integrative Thinking and Business
Design, this model guides you through your thinking process so that you’re able to
identify and systematically structure the problems and find the best solution. It’s an excellent decision-making tool for MBA grads to learn. The Rotman MBA comprises a 16-month study
period with a 4 month internship. The term begins in September and has four
core terms. During this period, you’ll develop a solid
knowledge of the core courses. You’ll also be introduced to the Integrative
Thinking and Business Design model that we already discussed. During the final term, you’ll be able to
take up three electives of your choice out of the 90 options available, depending on
your area of interest. The second year allows MBA students to specialise
by choosing one out of 15 majors or take elective courses. MBA majors are offered in a variety
of interest areas such as these. The capstone project will give you hands-on
experience in applying the decision making skills using the integrative method you picked
up in the first year by applying it to real-world business problems. Rotman offers a flexible internship program.
Students are required to complete a course called “Applied Management: Placement”
which helps them seek out opportunities according to their career goals. The four month long paid internship can be
taken up during summer, fall or winter terms. The total academic fees for international
students for the 2-year full-time MBA program is close to 120,000 dollars. Apart from the tuition, there are other fees
pushing the costs by an additional $3000 for each year. The total living expense is estimated to be
in the range of $21,000 to $28,000 for a single student in downtown Toronto for one year. Rotman offers $4 million in financial assistance
to its students in various forms. Here’s a list of some scholarships and fellowships
you could be competing for. International students may look out for other
external scholarships from their home country. Rotman offers teaching and research assistantship
positions and students can apply for it on completion of their first year. During the four-month long paid internships,
on an average students can earn around $5000 a month. There are bank loans available for international
students. Here’s a peek into the recruitment opportunities
at Rotman. You’ll have information sessions career treks industry nights and speaker series. Here’s a sample list of some top companies
that participated in the Rotman recruitment drive. From the recent class, 85% of the students
were employed within 3 months of graduation while 90% of the class found employment by
the end of the year. The average salary at Rotman was close to
$100,000. The school’s location serves as a hub for
the finance sector, which makes the MBA program very popular among finance professionals. The placement in the finance industry was
38.7%. . This was followed by consulting at 18.5%. Here’s the class profile for the most recent class. Rotman offers multiple admission rounds for
350 seats available for the full-time MBA program. Currently, there are four rounds. Make it a point to apply in the earlier rounds,
when the chance of acceptance is high and you have a better chance of being awarded
a scholarship. In the admissions process, Rotman looks out
for highly motivated individuals and those with leadership qualities who hold a high
potential for success in their chosen field. They also seek diversity in the incoming class,
so you can expect students coming in from a variety of academic and professional backgrounds. In your application, you need to demonstrate
how you’d fit in. Be sure to highlight your unique qualities and what sets you apart. Like other top international MBA programs,
candidates would be evaluated based on their overall profile which would include past academics,
GMAT / GRE scores and work experience. At least two years of work experience is recommended.
Rotman places an emphasis on the quality of work experience rather than the number of
years you’ve worked for. If you’re able to demonstrate your leadership
potential, you may considered even without having any work experience. You’ll need to have a bachelor’s degree
or equivalent from a recognised university with a minimum GPA of 3.0 in the final year
in order to be eligible to apply. One thing to note is that Rotman is among
the few international business schools accepting candidates who’ve completed 15 years of
education. Whereas in other business schools, 16 years of education is essential to be eligible
to apply. Here’s a list of the MBA application requirements: Let’s talk about the Rotman MBA essays. Students have to submit an essay question,
a reflection question, as well as a video interview which includes a timed response. The essay questions may change each year. Here are some of the sample essay questions from Rotman’s earlier applications: The video interview was introduced in 2013
and the technology being used for it came from a startup by a Rotman graduate. For the admissions team, this is an opportunity
to see you and hear you. These questions are designed to be impromptu and usually revolve
around your interests and experiences. The schools really want to see the ‘real’
you, without any bells and whistles. After completing the video questions, applicants
would have to answer a written response question. You’ll have a total of ten minutes to read,
understand, write or edit the answer. This is a sample written response question
provided on the Rotman official website As you might have guessed, the application
process is quite rigorous. It requires foresight and planning. MBA Crystal Ball has helped many applicants
get into Rotman. If you are looking for professional help with
your Rotman MBA applications, drop us an email. Hope to see you in Canada soon. Good luck!