MScSM | Fees & Living Expenses

ANNUAL TUITION FEES

Tuition Fee Schedules (domestic and international) are determined by the Office of the Vice-President and Provost at the  University of Toronto.

Fees are managed by the Student Accounts Office. They are responsible for tuition and ancillary/incidental fees, processing payments, issuing refunds, and applying service charges.

2024 - 2025 Academic year

The tuition and ancillary fees for the 2024-2025 academic year will be available in July 2024. Please refer to the Office of the Vice-President and Provost at U of T. All fees are subject to change each year.

In the interim, for your reference, please refer below to the current fees for students who began the program in September 2023:

2023-2024 Academic year

  • Domestic students tuition fee (2023) - $16,880.00
    • Plus University incidental fees $2,333.00
    • for a Total for Domestic students in 2022-2023 year: $19,213.00 PER YEAR
  • International students tuition fee (2023)- $34,410.00
    • Plus University incidental fees $2,333.00
    • Plus mandatory Health Insurance fee $756.00
    • for a Total for International students in 2022-2023 year: $37,499.00 PER YEAR

Please note:

  • The tuition and incidental fees stated above are annual (per year) fees. As this is a two-year program, fees stated would be times 2 years (for example, domestic tuition would be approximately $19,213 x 2 years = $38,426.00;
  • International fees would be approximately $37,499 x 2 years = $74,998.00
  • The above fees are tuition only. Living expenses are not included.
  • The annual tuition and incidental fees are set by the University of Toronto Provost Office and are subject to change each year.
  • All amounts are shown in Canadian dollars.
  • For the most recent tuition information, please see the Provost web site at the following link (updated information available in early summer (usually mid-July) of each year: http://www.provost.utoronto.ca/link/students.htm

Textbooks and other materials

Students are expected to purchase all required course textbooks and case studies and other course materials. The annual cost is estimated at $1,500.

Living Expenses

Living expenses are dependent upon where students live; on campus or off campus; sharing with roommate(s); living at home; living in Mississauga or in Toronto. However, the estimated living expenses are $2,000 per month x 20 months = $40,000.00. This takes into consideration: housing (rent), food, transportation, cell phone, internet connection, personal items, and so on.

Financing your Graduate Education

The MScSM program offers a few one-time Entrance Scholarships each year of up to $2,000, awarded to students (open to both domestic and international students) with the highest GPAs upon entrance to the program. Accepted students do not apply for this scholarship; they are automatically considered once they accept our offer and start the program. The scholarship appears as a credit on the students' tuition account, in late October/mid-November, in their first year (once a student is registered and has started the program).

The Equity and Diversity Award of $2,500 is awarded annually - in April - to a registered MScSM student on the basis of demonstrated financial need. The student must be in good academic standing. Preference will be given to a black and/or Indigenous student and/or a student who is registered with Accessibility at UTM. The recipient may be in first or second year of the MScSM program, but is only eligible to receive the award once during their tenure in the program. 

This award is open to all students registered in the program - domestic or international - and the winner is announced is the Winter semester, April of each year. Part of the consideration of the award is based on performance in the program. Registered MScSM students will receive the application form and details on applying in February of each year.

The Stephen Bede Scharper Fellowship, $2,500 is awarded annually (in April each year) to one first-year MScSM student, on the basis of financial need and academic merit (open to both domestic and international students). It will recognize those with a demonstrated interest in global sustainability and a commitment to the values of social and environmental justice, holistic human well-being, and the betterment of humanity: https://www.utm.utoronto.ca/support-utm/stephen-bede-scharper-fellowship

This award is open to all first year students registered in the MScSM program and the one winner is announced in the first Winter semester - in April of each year - about 7-8 months after students start the program. Part of the consideration of the award is based on performance in the program. Registered MScSM students will receive the application form and details on applying in February of each year.

Alectra Graduate Fellowship in Sustainability Management ($5,500) is awarded annually - in  April each year -  to one first year student enrolled in the MScSM Program, on the basis of academic merit. Students will have demonstrated a genuine commitment to advancing sustainability through scholarship, extra-curricular activities, or past professional experience, Preference will be given to students with an interest in sustainable energy management. Preference may also be given to students with financial need.

This award is open to all first year students registered in the MScSM program and the winner is announced in the first Winter semester - in April of each year - about 7-8 months after students start the program. Part of the consideration of the award is based on performance in the program. Registered MScSM students will receive the application form and details on applying in February of each year.

The MScSM Program is a professional course-based full-time graduate program with a co-op term and does not offer any funding and only the limited scholarships above. At University of Toronto, full or partial funding is generally only available for research-based programs, not Professional masters' programs, such as our MScSM Program.

UofT School of Graduate Studies offers some financial information.

DOMESTIC STUDENTS:

Federal or Provincial Loan Programs

Domestic students may be eligible for federal Government Student Loans/Grants.

In addition, there may be provincial funds available in a student's home province.

The MScSM Program and UofT cannot guarantee that applicants will receive funding or loans from any institution/bank/government agency.

IMI Professional Masters Student Aid Program for Domestic Students

The institute for Management & Innovation has 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 see the IMI website  for further information.

INTERNATIONAL STUDENTS

International students must seek funding from their home countries.

University of Toronto School of Graduate Studies (SGS) offers some limited International Student Awards. Students Please refer to their website.

International students can contact the Centre for International Experience at the main U of Toronto St George campus or the International Centre at the Mississauga campus for assistance.

Other Financing Options

Please remember that MScSM has a summer co-op work term and most positions are paid. This may assist students with funding their education (pay is dependent on position/company/length of contract, minimally 10 weeks).

In addition, some graduate students supplement their academic year income by securing a Teaching Assistant (TA) or Research Assistant (RA) position. Graduate students are welcome to apply to any TA / RA position for which they qualify - for example, graduate students with an undergrad major in Chemistry, can apply to any TA / RA undergrad course posting in Chemistry or other science-related program. Graduate students with an undergrad in Commerce, can apply to undergrad Commerce or Business course TA posting. Please note that the hiring decision rests entirely with the hiring professors' preference and department and not with MScSM.

For other funding options, for both domestic and international students, please refer to University of Toronto's School of Graduate Studies (SGS): http://www.sgs.utoronto.ca/currentstudents/Pages/Financing-Your-Graduate-Education.aspx

More Financial Aid and Advising information is also available at SGS.