Media Releases

Rotman School of Management’s MBA programs waive GMAT requirement for applicants with CFA level 3 standing

June 21, 2013

TORONTO, ON – In a first for a lead­ing glob­al busi­ness school, the Full-Time and Part-Time MBA pro­grams at the Uni­ver­si­ty of Toronto’s Rot­man School of Man­age­ment have waived the GMAT test require­ment for appli­cants who have passed all 3 lev­els of the CFA pro­gram.

It is only the lat­est in a series of inno­va­tions in the MBA pro­gram admis­sions process and cri­te­ria, includ­ing the intro­duc­tion last year of a “video essay” for Full-Time appli­cants.

“An increas­ing num­ber of appli­cants want to earn both a CFA and an MBA. We under­stand that tak­ing the GMAT test can be a ‘bar­ri­er’ stop­ping some who have passed all three lev­els of the CFA pro­gram from apply­ing to busi­ness school,” says Niki da Sil­va, who is Direc­tor, Recruit­ment & Admis­sions, Full-Time MBA, at the Rot­man School.

“As one of the lead­ing b‑schools for teach­ing and research in the area of finance, the pool of CFA can­di­dates is a strong source of tal­ent for Rot­man. With this change, we hope to make it eas­i­er for this group of qual­i­fied can­di­dates to apply to our pro­gram,” adds da Sil­va.

The pro­grams’ rig­or­ous appli­ca­tion process includ­ing essays, inter­views, under­grad­u­ate GPA lev­el and, for the Full-Time pro­gram the video essay, com­bined with the con­tent of the CFA exams will give the admis­sions com­mit­tees infor­ma­tion equiv­a­lent to what is learned from a GMAT score. The Rot­man School cur­rent­ly waives the GMAT require­ment for can­di­dates apply­ing to the Uni­ver­si­ty of Toronto’s JD/MBA pro­gram who have tak­en the LSAT test with a score over 165 and for Mas­ter of Finance can­di­dates.

The next Rot­man MBA class­es begin in mid-August for the Morn­ing and Evening Part-time pro­grams and in Sep­tem­ber for the Full-time pro­gram. Appli­ca­tions for this year are still accept­ed. For more infor­ma­tion, vis­it and

The Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is redesign­ing busi­ness edu­ca­tion for the 21st cen­tu­ry with a cur­ricu­lum based on Inte­gra­tive Think­ing. Locat­ed in the world’s most diverse city, the Rot­man School fos­ters a new way to think that enables the design of cre­ative busi­ness solu­tions. The School is cur­rent­ly rais­ing $200 mil­lion to ensure Cana­da has the world-class busi­ness school it deserves. For more infor­ma­tion, vis­it


For more infor­ma­tion, con­tact:

Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
Voice 416.946.3818
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