Rotman School of Management Grade Definitions and Scale (as of December 2004, provided for illustrative purposes only)
 
A+ Outstanding Performance Very strong evidence of original thinking: an outstanding grasp of the subject matter with a corresponding capacity for critical evaluation.
A Superior Performance Strong evidence of original thinking, good organization and presentation: evidence of superior grasp of the subject matter and a corresponding capacity to analize and synthesize.
A- Excellent Performance Some evidence of original thinking, good critical capacity and analytical skills that have been well developed, reasonable understanding of the issues under examination; good familiarity with the literature.
B+ Good Performance An extremely good understanding of the subject matter: evidence that critical and analytical skills have been well developed, reasonable understanding of the issues under examination; good familiarity with the literature.
B Average Performance Good grasp of the subject matter: some evidence that critical and analytical skills have been developed, good understanding of the issues under examination; evidence of a more than minimal familiarity with the literature.
B- Minimum Acceptable Performance Some evidence of a grasp of the subject matter; some development of critical capacity and analytical ability; minimal familiarity with the literature.
F   The following definitions are proposed for internal use only: FC+, FC, FC- , and FZ
FC+ Less Than Acceptable Performance Less than acceptable familiarity or understanding of the subject matter, weakness in critical analytical skills and limited or irrelevant use of the literature. Some evidence of performance in several of these skills, but not to a degree to warrant a passing grade.
FC Inadequate Performance Inadequate familiarity or understanding of the subject matter; evident weakness in critical analytical skills and limited or irrelevant use of the literature. Limited evidence of performance in one or more of the skills, but not to a degree to warrant a passing grade.
FC Unacceptable Performance Unacceptable familiarity or understanding of the subject matter, clear weakness in critical analytical skills and limited or irrelevant use of the literature. Very weak evidence of results in one or more of the skills, but not enough to be considered totally unacceptable.
FZ Totally Unacceptable Performance No evidence of familiarity with or understanding of the subject matter; very evident weakness in critical and analytical skills and irrelevant use of the literature.

The numerical scale of marks does not form part of the School of Graduate Studies' grading system; it is shown only to illustrate the equivalencies that would be used in the case of numerical marks reported by other faculties or schools for courses taken by students enrolled in the School of Graduate Studies. Regular graduate courses include courses offered by other faculties or schools taken by graduate students for graduate credit.

Letter Grade
Numerical Scale Marks
GPA Ranking
A+
90-100%
4.0
A
85-89%
4.0
A-
80-84%
3.7
B+
77-79%
3.3
B
73-76%
3.0
B-
70-72%
2.7
FZ
0-69%
0.0

The word "course" is always used to denote a standard unit of instruction, which normally extends over 1, 2 or 3 modules of 5 weeks or a standard term of 15 weeks.