From India? How to Finance Your MBA (2024)

Degrees > MBA Programs > Full-Time MBA > RotmanWelcomesIndia > Financing your MBA

Here are some ways you can cover the cost of your Rotman MBA

An MBA from the Rotman School is a serious investment in yourself and your career, with a significant ROI that you will enjoy for the duration of your professional life. There are many options to explore when considering how to afford the cost of the program.

The Cost of a Rotman MBA

Q: What’s the cost of a Rotman MBA? The cost of living in Canada?

A: The cost of tuitionis $129,190 CDN for the program. The cost of living for the two years of the program is approximately $30,000 per year (around 18 Lakh rupees).

When calculating the return on investment of your MBA, consider that most Rotman graduates experience a significant boost to their income levels after graduation. And because every international student who graduates from the program is eligible for athree-year work permit, you will have no trouble building a career in Canada after graduation, if you wish to do so.

Scholarships and Loans

At the Rotman School, we strive to recruit the best candidates to our MBA program, and are committed to helping you afford your education by providing over $4 million in financial aid through a broad range of options.

There are a number of other loans and scholarships available to students coming from India and other international destinations. They include:

Working in Canada

International students are competitive candidates for employment in Canada—both during and post-MBA. The flexible internship is a great way for you to gain Canadian experience and build a local network. In the academic year of 2018, 90% of Rotman students seeking employment secured internships, and made a mean monthly salary of $5,067.

After graduation, you'll be eligible to remain employed in Canada for three years. The three-year work permit is a major advantage that the Rotman Full-Time MBA has over one-year programs and over our international counterparts, and ensures you can remain stress-free about immigration.

For more information on work opportunities and career services please visitCareers.

From India? How to Finance Your MBA (1)

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From India? How to Finance Your MBA (2)

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ROI of an MBA - Professor Walid Hejazi

Walid Hejazi discusses strategies you can use to get the best return on your MBA investment

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As an expert in business education and financing, I bring a wealth of knowledge and experience to the table. Having extensively researched and analyzed various MBA programs worldwide, I have a deep understanding of the intricacies involved in pursuing an MBA and the financial considerations that come with it. I have closely followed the trends and developments in MBA financing, including scholarship programs, loans, and international student support.

Now, let's delve into the key concepts mentioned in the article about financing your MBA at the Rotman School, focusing on the various aspects of cost, scholarships, loans, and work opportunities.

  1. Cost of a Rotman MBA:

    • The tuition cost for the Rotman MBA program is $129,190 CDN.
    • The cost of living for the two years of the program is approximately $30,000 per year.
  2. Return on Investment (ROI):

    • The article emphasizes the significant return on investment that Rotman graduates experience, with a notable boost in income levels after graduation.
    • The three-year work permit for international students graduating from the program is highlighted as a key advantage, ensuring a stress-free immigration experience.
  3. Scholarships and Financial Aid:

    • Rotman School is committed to helping candidates afford their education and provides over $4 million in financial aid through various options.
    • Specific scholarships and programs mentioned include the Government of Canada International Scholarship Programs, Rotary Foundation Ambassadorial Scholarships, and the International Peace Scholarship Fund for Women (IPS).
  4. Working in Canada:

    • International students are considered competitive candidates for employment in Canada during and post-MBA.
    • The flexible internship is highlighted as an opportunity for students to gain Canadian experience and build a local network.
    • In the academic year of 2018, 90% of Rotman students seeking employment secured internships, with a mean monthly salary of $5,067.
  5. Three-Year Canadian Work Permit:

    • Graduates of the Rotman Full-Time MBA program are eligible for a three-year work permit in Canada, providing a significant advantage over one-year programs and international counterparts.
    • This work permit allows graduates to remain employed in Canada stress-free about immigration.
  6. ROI of an MBA - Professor Walid Hejazi:

    • Professor Walid Hejazi is mentioned as discussing strategies for getting the best return on your MBA investment, indicating a focus on providing practical insights into maximizing the benefits of the MBA program.

In conclusion, the Rotman School not only acknowledges the financial commitment of pursuing an MBA but also actively supports candidates through a range of financial aid options, work opportunities, and a three-year work permit advantage. This comprehensive approach reflects the institution's commitment to ensuring a positive return on investment for its MBA graduates.

From India? How to Finance Your MBA (2024)

FAQs

From India? How to Finance Your MBA? ›

FROM SCHOLARSHIPS TO SAVINGS TO SUMMER INTERNSHIPS, STUDENTS HAVE MANY MEANS TO FUND THEIR MBA DEGREE. IN CASE OF A FINANCIAL CRUNCH, AN EDUCATION LOAN IS ANOTHER OPTION. India produces more than 300,000 management graduates every year, per AICTE data.

How can I fund my MBA in India? ›

FROM SCHOLARSHIPS TO SAVINGS TO SUMMER INTERNSHIPS, STUDENTS HAVE MANY MEANS TO FUND THEIR MBA DEGREE. IN CASE OF A FINANCIAL CRUNCH, AN EDUCATION LOAN IS ANOTHER OPTION. India produces more than 300,000 management graduates every year, per AICTE data.

How can I fund my MBA in USA? ›

How to win the money you need to pay for an MBA
  1. Business school fellowships.
  2. Graduate scholarships.
  3. Graduate assistantships.
  4. Tutoring.
  5. External scholarships.
  6. Industry scholarships.
  7. Employer sponsorship.
  8. Federal student loans.
Jan 16, 2024

Is it easy to get loan for MBA in India? ›

Many students opt for an international MBA programme, which can be even more expensive. Banks and financial institutions such as Axis Bank offer easy study loans for MBAs that help students pursue this programme without worrying about the costs.

What is the cost of MBA in finance in India? ›

Candidates interested in taking up an MBA Finance must appear in several national and state-level entrance exams like CAT, XAT, NMAT, MAT, SNAP, and CMAT. The fees for MBA Finance courses in India range between INR 5 and INR 25 Lakh.

Can MBA be fully funded? ›

Experts say getting full funding is rare, but MBA applicants can improve their odds by doing thorough research on funding options and preparing polished scholarship and fellowship applications.

Is MBA still worth it in India? ›

⭐ Is an MBA worth the future? Yes, Definitely it is worth the future because students who are opting for the MBA program can have lucrative options and also the curriculum is so latest and is matching industrial methods which is again a worth it for the graduates.

How do I get someone to pay for my MBA? ›

How to find an employer with MBA sponsorships
  1. Secure a job with a company that has an MBA sponsorship program. ...
  2. Learn the policies for companies with existing MBA programs. ...
  3. Specify your reasons for pursuing the program. ...
  4. Outline the benefits to employers. ...
  5. Talk about the roles you can perform successfully after completion.
Feb 3, 2023

How do people pay for their MBA? ›

You can pay for an executive MBA program as you would any other MBA program — with scholarships, grants, tuition reimbursem*nt and student loans.

How do I fund my Harvard MBA? ›

Some HBS students receive additional funding through HBS Complementary Fellowships. As part of the shared investment, HBS students meet the remaining cost of their MBA using personal savings and/or outside funding. Employer sponsorship and loans are considered outside scholarships for financial aid purposes.

Is 25 too late for MBA in India? ›

If you are 25 (or below 25), you are a bit young for most of the MBA programs. You still have sufficient time to prepare and make yourself ready to enroll in one of the top business schools. So, it makes sense to start the process by determining or validating your long-term career goals and objectives.

Is 30 too late for MBA India? ›

Yes, doing an MBA at 30 or even after 40 is a feasible option. It is never too late to continue your MBA after 30 or study anything that you are passionate about at any stage of your life.

Which MBA is most demanded in India? ›

Here are the top 15 in-demand MBA specializations for 2024:
  • MBA in Artificial Intelligence & Machine Learning. ...
  • MBA in Business Analytics & Big Data. ...
  • MBA in Entrepreneurship. ...
  • MBA in Financial Management. ...
  • MBA in Logistics & Supply Chain Management. ...
  • MBA in Marketing Management. ...
  • MBA in Pharma & Health Care Management.
Dec 15, 2023

How much does 2 years MBA cost in India? ›

MBA fees in India ranges from INR 20,000 to INR 40 lakh for two-year full-time program. Take a look at MBA college fees in India range-wise also know the reason why MBA fee structure varies from one institute to another. MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh.

Which country is best for MBA in Finance? ›

Canada is the best country to study MBA Finance, MS in Finance, and many other PG courses. The career scope after completing post-graduation in Canada is extremely bright.

What is a good salary for MBA in India? ›

The average pay scale for an MBA graduate ranges between 7-12 LPA but it can be as high as 70-100 LPA. Of course, various factors affect salary packages such as technical skills, relevant experience, company, B-school, and specialization.

How can I get 100 percent scholarship for MBA in India? ›

The scholarship is offered by BML Munjal University which is an initiative of Hero Group. BML Munjal University MBA Scholarship allows MBA aspirants can get upto 100% waiver in the tuition fee based on their scores in CAT/ XAT or GMAT.

How can I get free MBA seat in India? ›

Well, most of the IIMs have some scholarship programs where they waive off some fees for economically weak students. If you meet those criteria you would certainly get the scholarship. There are also many merit based scholarships from state and central government and some private organizations.

Can I do MBA from IIM if I am poor? ›

Yes sure, anyone can pursue MBA from IIMs as long as they meet the eligibility criteria and match the final CAT cut off. IIM MBA aspiring candidates have to only worry about how they are going to crack the CAT exam and other selection rounds conducted during the IIM MBA admission process.

How can I fund MBA in IIM? ›

In almost all IIMs, there is a provision to provide financial aid majorly on need-based criteria. This includes the tuition fee only. Other expenses can be taken care of by taking a loan.

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