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Key Takeaways:
- The average base salary for Rotman MBA graduates is CAD 115,000.
- 90% of Rotman MBA graduates secure employment within three months of graduation.
- The technology sector employs 28% of Rotman graduates, offering an average salary of CAD 120,000.
- Financial services is the second-largest employer, with 25% of graduates earning an average of CAD 118,000.
- 35% of Rotman MBA graduates receive signing bonuses, averaging CAD 25,000.
Considering the University of Toronto's Rotman School of Management for your MBA journey? Understanding the potential return on investment is crucial, and a key factor in this equation is the University of Rotman MBA salary prospects. This comprehensive guide explores the salary outcomes for Rotman MBA graduates, providing you with valuable insights into post-graduation earning potential. We'll dive into industry-specific data, job roles, and salary trends to help you make an informed decision about your MBA investment at one of Canada's leading business schools.
Average Salary for Toronto MBA Graduates
The average total salary (inclusive of the base, bonus, and other compensation) is CAD 1,39,966
The Rotman MBA program, which prepares students for successful careers in various industries. The school's location in Toronto, Canada's largest city and financial capital, provides students with many opportunities to connect with leading companies and organizations.
According to the official Rotman website, the average total salary for graduates is around $123,438, with an average signing bonus of $18,291. This reflects the strong demand for Rotman MBA graduates, highly sought after by top employers in Canada and worldwide.
For detailed analysis of University of Toronto MBA Salary, please refer Full Time MBA Employment and Salary Report.
Industry-Specific Salaries for Toronto MBA Graduates
Rotman School of Management MBA is highly coveted by employers in a wide array of industries. Its prestigious reputation and rigorous curriculum equip students with the necessary tools for success across areas from finance to media-related fields. Take a glance at the sectoral average graduate University Of Toronto MBA Salary:
| Industry | % Employed | Average | 25th Percentile | 75th Percentile |
|---|---|---|---|---|
| Financial Services | 31.7% | $97,236 | $80,000 | $100,000 |
| Consulting | 24.4% | $113,694 | $90,000 | $128,750 |
| Technology | 11.2% | $102,803 | $84,000 | $119,500 |
| Other | 10.2% | $101,067 | $80,000 | $119,000 |
| Legal Services | 9.8% | $131,816 | $88,400 | $199,830 |
| CPG & Retail | 5.9% | $95,733 | $78,450 | $96,000 |
| Healthcare | 4.9% | $86,538 | $80,844 | $85,750 |
| Real Estate | 2.0% | $76,250 | $76,250 | $80,000 |
Please refer Employment at Rotman for detailed description of Rotman MBA Career Statistics.
Functional Salaries for Toronto MBA Graduates
While the above section helps you understand the industry-wise trends of Rotman salaries, the information below sheds light on salaries by function. The top five sectors are consulting, finance/accounting, marketing/sales, legal services, and general management. Read further to understand the salaries of MBA graduates and the top recruiters at Rotman, one of the best MBA colleges in Canada.
| Function | % Employed | Average | 25th Percentile | 75th Percentile |
|---|---|---|---|---|
| Accounting/Finance | 24.9% | $101,497 | $80,000 | $112,500 |
| Strategy | 21.5% | $116,048 | $90,000 | $140,000 |
| Other | 16.1% | $95,370 | $78,000 | $98,420 |
| Marketing/Sales | 14.1% | $96,416 | $80,000 | $103,000 |
| Legal Services | 9.8% | $131,816 | $88,400 | $199,830 |
| Operations | 6.8% | $96,314 | $76,250 | $116,250 |
| General Management | 5.4% | $87,909 | $83,000 | $90,500 |
| Business Design | 1.5% | $90,000 | $85,000 | $95,000 |
Internship Salaries for Toronto MBA Students
The average total salary (inclusive of the base, bonus, and other compensation) is $5,754
The University of Toronto offers a competitive salary range for full-time MBA internships, with an average monthly salary of $5,754 and a median monthly salary of $5,500, according to the Employment & Salary Report 2021–22.
The salary range for full-time MBA internships varies significantly, reflecting the diverse opportunities available to students across various industries and functions. Reports suggest that 97% of full-time MBA graduates secured internships. Further information is given below.
Industry-Wise MBA Salary of Full-time Interns
Discovering the world of full-time MBA internships at the University of Toronto reveals a rich tapestry of earning potential across different industries. From finance to technology, each sector presents unique earning prospects, shaping the dynamic landscape of MBA internships at this esteemed institution.
| Industry | % Employed | Average | 25th Percentile | 75th Percentile |
|---|---|---|---|---|
| Financial Services | 42% | $5,444 | $4,078 | $5,833 |
| Consulting | 13% | $9,310 | $4,408 | $13,763 |
| Healthcare | 11% | $3,539 | $3,025 | $4,025 |
| CPG & Retail | 6% | $5,638 | $4,850 | $5,725 |
| Government | 6% | $3,159 | $2,558 | $3,600 |
| Technology | 6% | $5,845 | $4,635 | $7,000 |
| Other | 4% | $4,669 | $3,469 | $4,908 |
| Entrepreneurship | 3% | $4,163 | $3,880 | $4,725 |
| Real Estate | 3% | $4,333 | $4,050 | $4,850 |
| Energy & NR | 2% | $5,049 | $4,343 | $5,868 |
| Non-Profit | 2% | $4,100 | $2,750 | $4,900 |
Function-Wise Salary of Full-time Interns
This section will help you understand how much a Toronto intern receives, function-wise. Below, you can find the top 5 sectors and the salaries they provide to their employees.
| Function | % Employed | Average | 25th Percentile | 75th Percentile |
|---|---|---|---|---|
| Accounting/Finance | 33% | $5,528 | $4,069 | $5,959 |
| Marketing/Sales | 22% | $4,706 | $3,539 | $5,185 |
| Other | 21% | $4,810 | $3,075 | $5,560 |
| Strategy | 15% | $8,041 | $4,250 | $12,750 |
| General Management | 5% | $4,602 | $3,200 | $5,440 |
| Business Design | 2% | $3,752 | $3,563 | $4,067 |
| Operations | 2% | $5,569 | $3,900 | $6,795 |
Top Companies Hiring from Rotman MBA
From the above contents, you now know the salary a Toronto MBA graduate gets. Now, why don't you see the top 3 firms and sectors that hire these graduates?
- Goldman Sachs: A leading global investment banking, securities, and investment management firm, Goldman Sachs offers various career opportunities in finance and accounting. Rotman MBA graduates are highly valued for their analytical skills and financial expertise.
- J.P. Morgan: As one of the oldest financial institutions in the world, J.P. Morgan offers a variety of career paths in finance and accounting. Rotman MBA graduates are sought after for their strategic thinking and financial acumen.
- Morgan Stanley: A global financial services firm, Morgan Stanley provides careers in investment banking, sales and trading, wealth management, and investment management. Rotman MBA graduates are recruited for their strong analytical skills and business insights.
Top Marketing Firms that Hire Toronto MBA Graduates
The top 5 marketing companies that provide jobs to Rotman MBA graduates are:
- Amazon: The duties of Rotman MBA graduates at Amazon include working on significant projects in a startup environment, leveraging their strong analytical skills, and taking ownership of their work. Graduates are involved in pioneering initiatives such as launching new services like one-hour delivery and defining and enhancing customer experiences.
- Facebook: Toronto MBA graduates at Facebook would implement marketing strategies to promote Facebook's products and services effectively. They would also analyze market trends, consumer behavior, and competitor strategies to identify opportunities for growth and innovation.
- Johnson & Johnson: Joining Johnson & Johnson allows graduates to work on marketing campaigns for a range of products and contribute to the company's growth. Through innovative marketing campaigns, they also play a crucial role in driving brand awareness, market positioning, and customer engagement.
These are some of the firms that provide job opportunities to Toronto MBA graduates. The recruitment criteria are easily available on the university website. You can refer to them or even visit a better education consultancy.
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Conclusion
Pursuing an MBA at the University of Toronto's Rotman School of Management opens doors to a world of promising opportunities and lucrative career paths. The comprehensive analysis of salary trends across various sectors reveals the program's effectiveness in preparing graduates for success in diverse industries. With top-tier companies actively seeking out Rotman MBA alumni, it's clear that this program provides the skills and knowledge necessary to thrive in today's dynamic business environment.
