The Joseph L. Rotman School of Management is the University of Toronto's graduate business school, located in Downtown Toronto. The University of Toronto has been offering undergraduate courses in commerce and management since 1901, but the business school was formally established in 1950 as the Institute of Business Administration. The name was changed to the Faculty of Management Studies in 1972 and subsequently shortened to the Faculty of Management in 1986. The school was renamed in 1997 after Joseph L. Rotman (1935–2015), its principal benefactor.

The University of Toronto Faculty of Law is the law school of the University of Toronto. Maclean's has consistently assessed the Faculty as the highest ranked common law school in Canada and the highest ranked in terms of faculty journal citations. The Faculty offers the JD, LLM, SJD, MSL, and GPLLM degrees in law.