27. University of Toronto Rotman School of Management
University of Toronto Rotman School of Management105 St. George St.
Toronto, Canada, ON M5S 3E6
The University of Toronto’s Rotman School of Management is a “hot” school. The latest entering class of full-time MBAs is the largest, smartest (at least judging by their average GMAT scores) and most international ever.
Under Dean Roger Martin, the school has carved out a reputation as one of the most innovative players in management education in the world. That has happened largely due to the confluence of three big decisions.
1) A focus on “integrative thinking” which is a core theme throughout the MBA curriculum. It’s the ability to assess and balance conflicting ideas, business models or strategies. As a partner at the consulting firm Monitor, Martin identified a pattern of problem-solving among his business clients that can be learned and developed. Rather than looking at what leaders did, he looked at how leaders thought.
2) Teaching “business design,” using commonly deployed design principles to jumpstart innovation in business settings. These are elective courses but are among the more creative offerings in any business school.
3) Intense personal development. Though nongraded and voluntary, a student participating in all the labs can get up to 60 hours of personal development work.
Several business schools assign MBA students coaches to help them with career planning decisions, but Rotman may well have the most far-reaching personal development initiative of any full-time MBA program in the world. The school now employs 18 full-time coaches, assigning every admit a coach in July and August before they show up on campus for the September start of the MBA program. The coaches then work with students over the entire two-year program. Students here are drilled on their presentation skills, prepped for interviews with such key employers as McKinsey & Co., and go through unlimited one-on-one sessions with coaches who cover everything from how to interview with corporate recruiters to how to negotiate a job offer.
The upshot: the school is offering a significantly differentiated MBA in a world filled with lots of plain vanilla offerings. Couple that with an aggressive growth strategy to increase MBA enrollment to around 800 by 2016 from 630 now, roughly equal to Stanford, along with a new and modern home for the business school, and you have a school with a lot of momentum.
Soon after becoming dean in 1998, Martin made the rounds of corporate recruiters. When he asked a large multinational why the company didn’t recruit the school’s MBAs, he was told: “You don’t have enough product.” At the time, the school’s annual intake of full-time MBAs was just 110. In 2012, Rotman’s entering MBA class was 313-strong–much more than other quality Canadian schools such as Queens (with a total full-time MBA enrollment of 117), Western Ontario (with 133), or McGill (with 145). By 2016, Rotman expects its annual intake to rise to 400 students.
Size does matter because it leads to a larger, more influential alumni network–and brings more companies to campus to recruit students. Nike recently added Rotman to its recruiting list, the only Canadian school on it, and so did lululemon, the fast growing retailer of athletic wear for yoga and working out.
One very big appeal for international students is the fact that MBA graduates get a three-year work visa from Canada. If you have a spouse, it’s relatively easy for him or her to get a work visa while you study at Rotman. And it’s also relatively easy to gain permanent status during your three-year work visa due to the country’s liberal immigration policies.
It helps, too that Rotman is in downtown Toronto, Canada’s business capital and a world-class city, and part of the most prestigious university in the country, the University of Toronto. All in all, these are very positive signs that make Rotman a school on the move.
Latest Up-to-Date MBA Rankings:
Poets&Quants (2012): 27 (non-U.S.)
BusinessWeek (2012): 11 (international)
Forbes (2011): NR
Financial Times (2013): 46 (global), 25 (non-U.S.)
The Economist: (2012) NR
Rankings Analysis: The University of Toronto’s Rotman School of Management is ranked as the 27th best business school outside the U.S. in Poets&Quants’ 2012 composite ranking. The school’s best ranking comes from BusinessWeek, which ranks full-time MBA programs largely on the basis of graduate satisfaction and corporate recruiter opinion. In 2012, BW placed the school 11th on its list of the best international business schools–a very impressive showing for Rotman.
The Financial Times, which in 2013 ranked Rotman 25th outside the U.S. and 46th globally, gives the school its highest ranking for any school in Canada.
Tuition & Fees: $86,366
Average GMAT: 673
GMAT Range: 600-740
Average GPA: NA
Acceptance Rate: 50%*
Full-Time Enrollment: TK
Mean Age: 28
Average 2011 Base Salary: $85,542
Average 2011 Signing Bonus: $12,620
Percentage of MBAs with Job Offers at Graduation: NA
Percentage of Class of 2011 MBAs with Job Offers Three Months Later: 85%
Where the Class of 2011 Went to Work:
Financial Services: 29%
Legal Services: 3%
Consumer Goods: 1%
From the Rotman School of Management
The Rotman School of Management is the #1 business school in Canada, ranked #1 in the world for intellectual capital (BusinessWeek), and consistently placing in the global top 10 for its faculty and research (Financial Times). It is part of the University of Toronto, Canada’s top research university, ranked in the top 3 of universities outside of the United States (behind Oxford and Cambridge) in the Newsweek College Rankings Report.
Rotman is located in downtown Toronto, the fourth-largest city in North America, and its third-largest center for financial services and communications technology. If your aim is to gain experience outside the U.S. while taking full advantage of the North American job market, there is no better place to be.
The Rotman advantage
As the biggest business school in Canada, Rotman is the destination school in the country for global firms wishing to hire MBA students. Leading companies like Nike, McKinsey, Goldman Sachs, Google, IBM, P&G, IDEO and Microsoft regularly recruit at Rotman.
Growth: In the past 15 years, Rotman has quadrupled its endowment, and tripled its physical footprint, its student body and its faculty. In 2012, a state-of-the-art $93-million building more than doubled the school’s available research, teaching and study space.
Momentum: We are on a steady trek to build an incoming class of 400 students annually by 2016 (compared to 265 students in 2012) – all while increasing our average GMAT scores. Soon there will be nearly 1,000 MBA students at Rotman every year.
By reaching a certain scale, we are able to attract world-class firms in search of top talent. We also achieve critical mass in terms of training the next generation of future business leaders for Canada and the world.
Location, location, location
The Rotman School is part of the University of Toronto, Canada’s top research university (founded in 1827). It is located in Toronto, a dynamic, safe and multicultural city, the fourth largest in North America. Toronto is Canada’s business capital, the site of major clusters of innovation in industries ranging from aerospace to biotech. Toronto is consistently rated one of the best cities in the world in which to live.
- #2 as the world’s most business competitive global city by KPMG – 2012
- #3 in PwC’s (PricewaterhouseCoopers) cities of opportunity – 2012
- #3 in its global ranking of ‘smart cities’ by Fast Company – 2012
Canada is one of the most welcoming countries in the world when it comes to attracting talent. Because the Rotman Full-Time MBA is a two-year program, all MBA students are eligible for a three-year work permit upon graduation.
- Last year, 127 companies hired Rotman summer interns. The summer internship allows you to test an industry and gain Canadian work experience
- Rotman is the only Canadian business school to offer student loans to international students that don’t require a Canadian co-signer AND we pay the interest on your student loan while you study
How we help you succeed
Located just blocks from Canada’s business hub, Rotman is ideally positioned to help you connect face to face with top employers who hire MBAs. Rotman has invested in building one of the largest MBA career teams in business education. Our exceptional careers staff-to-student ratio – 2X better than the business school average – means you will receive the personal attention you need to find your ideal job.
At Rotman, we help you make the most of your potential:
- Integrative Thinking, the Rotman School’s unique approach to problem solving, will teach you to become a high value decision maker and better business leader
- Through the Self-Development Lab, you gain insight into yourself and learn the tools you need to grow and develop your individual leadership qualities
Where we stand
BusinessWeek ranks Rotman:
- #1 for Intellectual Capital – 2012
The Financial Times ranks Rotman:
- #1 in Canada
- #9 for faculty research
- 10 for Finance
- #21 in North America
- #46 in the world – 2013
The University of Toronto ranks:
- #1 in Canada in the Shanghai Jiao Tong rankings – 2012
- #1 in Canada in the Times Higher Education rankings – 2013
- In the top 3 of universities outside of the US (behind Oxford and Cambridge) in the Newsweek College Rankings Report – 2012
Profile, Full-Time MBA Class of 2014
Helping to bring the world into the classroom, Rotman boasts one of the most international student bodies (nearly half the full-time class) of any leading business school. Rotman’s unique cohort-based system means you’ll be with the same classmates for the duration of the program. They will be your peers and friends, providing a lifetime network of business contacts, and enriching your learning in endless ways.
Average age: 28
Average years of work experience: 4.5
Average GMAT score: 673
Number of student clubs: 34
The Full-Time Rotman MBA takes 20 months to complete. It begins in its first year with a core curriculum that introduces Integrative Thinking, the School’s educational platform for developing business problem-solving capabilities. In your second-year, you may choose to specialize in a particular discipline to guide you toward a specific career path. Students have more than 90 elective course offerings to choose from, reflected in the choice of MBA majors:
- Brand Management
- Funds Management
- Global Management
- Health Care Management
- Innovation and Entrepreneurship
- Investment Banking
- Leadership and Change Management
- Risk Management and Financial Engineering
What they’re saying about us
“The Rotman School is one of the first institutions to look at the intersection of business thinking, creating thinking and design.”
Tim Brown, CEO and president of IDEO
“The need for change is real, and the blueprints are already in process. One of the most distinctive blueprints being developed is at the Rotman School. In addition to discipline-based courses in areas like Finance and Accounting, first-year students [study]… how people use mental models in their everyday lives.”
Lane Wallace, The New York Times
“With the current pace of change, knowing something is not going to help you: managers must dynamically respond to what needs to be done. That’s what the Rotman School is teaching, and it’s what will keep people relevant in tomorrow’s world.”
Nandan Nilekani, Co-Founder of Infosys Technologies and Chairman of the Unique Identification Authority of India
“Rotman is charting the future of business education.”
Dan Pink, author of Drive: The Surprising Truth About What Motivates Us and A Whole New Mind: Why Right Brainers Will Rule the Future
“With the strongest brand in Canada, Rotman is recognized by leading firms internationally.”
Leslie Wong, MBA ’13, Marketing Associate, Johnson and Johnson Family of Companies
“Rotman is located right at the heart of Canada’s thriving business capital, and has provided me with unparalleled exposure to the finance and consulting industries.”
Peter Blanchard, JD/MBA ’13, Associate, McKinsey & Co.
“I’ve built companies in three different industries – education, biotech and telecommunications – so I wanted to attend a business school with a track record for cultivating business-led innovation.”
Steven Yao, MBA ’14, Entrepreneur
World-class programs for every career stage
In addition to our full-time MBA, the Rotman School offers a range of programs tailored to accelerate your career at any level.
Each year our admissions representatives travel the world to meet with promising MBA candidates. Visit our events webpage for more information.
Like us on Facebook
Follow us on Twitter
View our YouTube channel
Read our Admissions blog