MFRM Fees & Registration

The information provided on this page is specific to the MFRM program. For general information on fees, including invoices, legal status, health insurance, making payments, tax forms, the Professional Student Loan Program, government assistance, sponsorship of tuition by a third party, additional and service charges, and restrictions and penalties on past due accounts, please see the Finances section of Guide to Rotman Policies.

The tuition fees charged for each session of registration have four components:

Program Fee
Rotman Ancillary Fees
University compulsory and non-compulsory Incidental Fees

Rotman ancillary fees are charged by the School for services specific to the MFRM program. University incidental fees are charged by the University for services that are universal to all students: student unions, campus services such as Hart House and the Athletic Centre, and electronic access fees for the cost of internet-based information access. This fee also includes health coverage and dental plan. Students with equivalent insurance elsewhere may opt-out of these plans. Please visit the Graduate Students’ Union website for details.

The following table are estimates.  Please refer to the University of Toronto’s Planning & Budget website for the most accurate and up to date fees schedules.

Estimated annual program fees for the Master of Financial Risk Management

Class Of Canadian citizens & permanent residents International students on study permit
2019 $44,280* $61,880*
2020 $39,850* $63,430*

In addition to the annual program fee noted above, students are required to submit payment for University mandatory incidental fees* and Rotman ancillary fees*:

  • The University incidental fees amount to approximately $1,700 which covers the terms from September – end-April and include campus fees and student society fees. The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International Students only. The 2018 UHIP annual amount was $624. Click here for more information regarding UHIP.
  • The Rotman ancillary fees amount to approximately $1,500 for the MFRM program. Additional details, information and finalized amounts will be updated as available and found on your fees invoice, available in mid-July.

*Please note that the annual program fee, University incidental fees and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting in May.

New for 2019-20, students will have the ability to opt-out of non-compulsory University incidental fees via ACORN. Information on non-academic incidental fees can be found here.

A tutorial on how to opt-out of these non-compulsory fees via ACORN can be found here.

For more information information on Student Financial Services, including the Professional Student Loan Plans, visit the Rotman Guide to Policies.