Asked — and Answered
Be sure to review the FAQs below for added insight and information about the Toigo MBA Program, eligibility and our selection process. If you have a question not addressed below, email us at firstname.lastname@example.org. Due to the high volume of applicants, our team is most responsive via email.
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Key 2021-2022 Dates–and Deadlines
- December 15, 2021 — Application Opens
- March 15, 2022 — Application Closes
- March 25, 2022 — All Candidates Informed of Application Status
- April 20, 21, 22, 2022 — Catapult (Virtual – Required attendance for all Finalists)
- April 23, 2022 — Quant Camp (Virtual – Optional but highly recommended for Finalists)
- May 1, 2022 — Finalist Video Interviews Due
- Early June 2022 — Class of 2024 Toigo Fellows Announced
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How/when do I become a Toigo Fellow? The first step to becoming a Toigo Fellow is acceptance into the Toigo MBA Program.
How does Toigo define “minority”? We use the U.S. Department of Labor’s definition of ethnic minority: African American, Hispanic/Latino, Asian American/Pacific Islander, South Asian American, and/or Native American/Alaskan Native. We also realize that many individuals identify as multi-ethnic.
What degree programs are eligible? You must be applying to / or have been accepted into one of the following degree programs:
- An accredited, US-based full-time, two year MBA program
- The full-time MBA program at Rotman School of Business at the University of Toronto
- A joint degree program in conjunction with an accredited, full-time US-based MBA program, such as JD/MBA, MPP/MBA, MEM/MBA. (You must apply for admission to Toigo in the same year you START the MBA curriculum)
- Master’s degree in Finance (as part of a two year joint degree)
- Master’s degree in Real Estate (as part of a two year joint degree)
Are non-US citizens eligible? Yes.
I was admitted to an accelerated MBA program? Am I eligible? The Toigo MBA Program curriculum is designed to align with a two year MBA experience, commencing in the fall and with a summer internship in between the two years. Accelerated degrees do not allow the student to take full advantage of the programming and resources.
What if finance is not a career certainty? Should I still apply? Reach out to discuss your career interests. Because we broadly define the finance careers we support, it’s possible you may be a strong candidate.
Is there a financial award or scholarship with the program? Toigo Fellows will be eligible to apply for collaborative partner awards, sponsored by corporate partners and provided to the Foundation annually across investment sectors. Each year, the Foundation will announce these opportunities and timeline for application and selection.
Does the Toigo MBA Program preclude me from applying to other fellowships offered by financial services firms or diversity organizations? We encourage you to apply to any or all fellowships that may be of benefit to your academic and/or professional career.
I’m a “January admit”. Am I still eligible? No. Our programming is structured to launch in conjunction with the Fall starting dates of MBA program and, as a result, requires two full years of school, plus a mandatory internship between the first and second years.
I’m a second year MBA. Can I apply? Because our progressive curriculum aligns with the full-time two year MBA experience, the point of entry to the program is focused on matriculating first year MBA students.
I have applied to MBA programs but have not yet received notification of my acceptance. Should I complete an application? Yes! You don’t need an acceptance in hand to apply for the Toigo MBA Program. However, we require that Fellows be enrolled in a full time MBA program at the start of our programming in summer 2022. In short, if you’re applying to programs and plan to enroll in summer/fall 2022, please apply to Toigo now.
I’ve been waitlisted, can I still apply? Don’t wait for your acceptance into an MBA program to apply. If you are extended a Toigo MBA Program offer, you will be required to confirm your acceptance into a full time MBA program.
I intend to major in marketing with a minor in finance. Am I still eligible for the Toigo MBA Program ? Eligibility is not based on your academic concentration, just on your career choice. As long as the opportunity you seek post-graduation is finance-related, we encourage you to apply.
I’ve launched my own business—or intend to. Is that in the mix? Entrepreneurship is a growing trend among MBAs today and we know a finance background is an essential component to a successful start-up. We’ll consider candidates with strong entrepreneurial interests on a case by case basis. If entrepreneurship is your path, we encourage you to apply and be very candid about your goals during the application process.
I am a first year and missed the opportunity to apply. Any way to get involved? We’re committed to driving change and ensuring diverse talent and employers connect. If you want to be notified of Toigo events open to the public, become a friend of Toigo by sending us an email at email@example.com.
When should I apply? Our application timeline runs concurrent with the MBA admissions process. Applications are reviewed on a rolling basis. We encourage you to apply well before our early Spring deadline. You do not need to wait until you receive your acceptance to business school to apply.
May I apply before I get accepted into business school? Yes. If selected as a Toigo MBA Program Finalist, you’ll be required to confirm acceptance and enrollment in an accredited two year MBA, Masters of Finance / Real Estate or JD/MBA, or other joint degree program.
Do I need to send official college transcripts (i.e., must they be in a signed and sealed envelope from the registrar)? And should my GMAT scores be sent directly from GMAC? The answer to both questions is “no”. Photocopies of your transcripts and GMAT scores are acceptable and should be uploaded and included with your application (per the instructions provided) on or before the online application.
Is there a fee to apply? No. There is no fee to apply. If you advance as a Finalist to our Catapult round, there is a $350 fee (non-refundable). This fee includes the full Catapult program, as well as attendance to Quant Camp (optional, but highly recommended.)
Selection | Standing Out
How competitive is the selection process? Toigo typically receives nearly 500 applications. Each year, the Toigo MBA Program class size varies from 65-95 individuals—in part depending on the mix of applicants and their areas of interest within finance. Competitive, yes; but the odds of being selected are 0% if you do not apply.
What is the selection process? Candidates selected to advance to the next round will be invited to attend Catapult, which is mandatory to be considered a finalist for the Toigo MBA Program. After attending Catapult, finalists will be asked to submit brief video interviews. Final decisions are made by the President of the Toigo Foundation.
If I apply, am I required to attend Catapult? Attending Catapult is the final selection round for MBA Class of 2024. If you advance to this round for consideration as a finalist for the Toigo MBA Program, attendance is mandatory. Costs associated with Catapult, including registration, are the responsibility of the registrant. Catapult 2022 will be delivered virtually across several days on April 20, April 21, and April 22. Quant Camp, also held on a virtual platform, will take place on April 23. The non-refundable registration fee inclusive of both Catapult and Quant Camp is $350. Further details will be provided to finalists when they receive notification of their status.