Financing & Scholarships

Master of Management & Professional Accounting (MMPA) Program Tuition & Fees


The MMPA is a publicly funded program. Tuition fee schedules are reviewed annually by the University of Toronto’s Governing Council, and decisions are generally announced in mid-April, preceding the upcoming academic year.


The fees below are approximate for 2023-2024 and are subject to change.

Status Estimated Annual Tuition
Domestic Student $29,680
International Student $63,370


Other Fees Amount
Application Fee $359.60
Acceptance Deposit


The deposit is applied toward the first tuition payment
$500 is non-refundable.

Incidental and Ancillary Fees University of Toronto services (such as athletic, library and student union services) are additional costs separate from tuition fees and are set by the university each spring. Ancillary fees are approximately $2K.
Medical Fees International students are provided medical coverage through the University Health Insurance Plan (UHIP). Annual UHIP coverage begins in September of each year. For students in the Two Year MMPA participating in the 3-month foundation term, UHIP is prorated for the additional 3 months of coverage. Further information regarding UHIP is available at the University of Toronto's Centre for International Experience.



Financing & Scholarships at MMPA

The MMPA program enables students to earn money that can be put towards their tuition fees. They can earn up to $15,000 in scholarships and up to $15,000 per paid co-op work term.

Scotiabank Loans

Students enrolled in a professional program have the option of borrowing funds from Scotiabank through the ScotiaLine for students.  

Students interested in the ScotiaLine should contact Georgios Stathopoulos ( or 416-866-3940, extension 4209) at the bank’s Queen and McCaul Branch to set up an appointment.

Note: University of Toronto students are not required to use Scotiabank as a lender. Students are welcome to pursue funding options at the financial institution of their choice. 

Employment Opportunities with MMPA

MMPA students are eligible to apply for teaching assistant and research assistant positions for which they are qualified throughout the university. Interested students should monitor U of T job postings for available positions. Students should also bear in mind the significant time requirements of the MMPA program and limit their involvement in teaching and/or research assistant work accordingly.


All employment opportunities for the MMPA program within the Institute for Management & Innovation are posted on the IMI Employment Opportunity page. Additionally, work on campus with a University of Toronto Mississauga department and gain additional experience during your studies. Find available jobs on campus on the Career Learning Network.

Government Loans

MMPA students may be eligible for the Canada Student Loan Program and/or the provincial government loan program available in their home province. For program details and eligibility criteria, please visit the relevant websites below:

MMPA Admission Scholarships

Scholarships of $10,000 or $5,000 are available to Canadian citizens and permanent residents applying to either the Two Year MMPA or One Year MMPA. Admission scholarships are awarded based on academic merit, and qualified applicants may be awarded up to $15,000.

Scholarship funds are dispersed once a student has registered and met all admission criteria. Scholarships are limited and awarded on a first-come, first-served basis.

Applicants who are Canadian citizens or permanent residents and meet the following criteria are eligible to receive an MMPA admission scholarship:

  • Tier 1 - $10,000
    • Requirement: A grade average or higher in the final year of study
  • Tier 2 - $5,000
    • Requirement: A- grade average or higher achieved in the final year of study


MMPA Entrance Scholarships

A limited number of entrance scholarships are awarded to select applicants who are deemed to have the strongest overall combination of academic standing and GMAT scores upon admission to the MMPA program. Applicants are notified of their eligibility for the scholarship upon admission to the program.

  • Entrance scholarship value: $5,000
  • Requirements: A- grade average or higher in the final year of a bachelor's degree with a GMAT score above 720 or have received a GMAT waiver

**The number of scholarships awarded each year depends upon the availability of scholarship funds.**


Other Scholarships & Awards

The following is a partial list of scholarships and awards available to students in the MMPA program. All students are automatically considered for these awards at the end of the fall term.

  • The W. Barry Coutts Memorial Prize – MMPA
  • The Pinnacle Award in Strategic Management – MMPA
  • CPA Ontario Leadership Awards – MMPA
  • EY Leadership Award – MMPA
  • KPMG Tax Research Award – MMPA

View the eligibility criteria and past recipients of these and other MMPA awards. Please note that this information is subject to change.



Bursaries are available to full-time University of Toronto graduate students on the basis of need.

Funding is limited and is specifically for emergencies arising from unforeseen circumstances. Please see the School of Graduate Studies website for information about the Emergency Loan, Emergency Grant and Master’s Tuition Fee Bursary.

For further information regarding awards and financial assistance available to all students, visit the School of Graduate Studies website for financial support.


IMI Professional Master's Student Aid Program

The Institute for Management & Innovation (IMI) offers a grant program for domestic students who apply and qualify for provincial student financial aid and have an unmet financial need as determined by their financial aid application. Please visit the IMI website for further information.


IMI Wide Graduate Student Awards

View awards, key dates, eligibility and more at Graduate Student Awards at IMI.