UK’s Financial Times ranks Schulich best in Canada

In its most recent survey of business schools released yesterday, the prestigious British newspaper the Financial Times has ranked the Schulich School of Business at York University number one in Canada and among the top 20 in the world. The Financial Times list is widely considered to be the most comprehensive, respected and authoritative MBA ranking in the world.

Right: The Schulich School of Business

Schulich ranked 18th overall in the 2006 Financial Times global survey, just behind a group that includes Kellogg, Berkeley, and Michigan, and ahead of University of California, Los Angeles; Duke University in Durham, NC; and University of North Carolina. This showing marked a distinct rise from last year’s ranking of 22nd.

Among Canadian schools, Schulich was the top rated, ahead of the Rotman School of Management at the University of Toronto, in 24th place (down from 21 last year), and the Ivey School of Business at the University of Western Ontario, in 31st place (34 last year). Among North American schools, Schulich ranked 13th, and among non-US schools, 6th overall. To review the full ranking chart, click here.

The most recent Financial Times ranking confirms the findings of three other global surveys published within the past five months that have rated Schulich the number one school in Canada. The Economist (Economist Intelligence Unit), Forbes, and the Aspen and World Resources Institutes all ranked Schulich number one in Canada in their respective surveys of the world’s top MBA programs.

Schulich Dean Dezsö J. Horváth (right) was quoted in yesterday’s edition of the Financial Times in an article that looked at the future of the MBA, where he said that business schools will have to become more international in their approach if they wish to attract the brightest students. “MBA programs are going to become more transnational,” said Horváth.

Other survey highlights:

  • Schulich ranked third in the world among two-year MBA programs in the “Value for Money” category, a return-on-investment category that measures the “rate of return” for each dollar spent by students between the start of the MBA to three years after graduation.
  • Schulich ranked among the top schools in the world in terms of the salary percentage increase experienced by its graduates and the career progress of its alumni. Schulich graduates posted a 146% increase in salary from the beginning of their MBA studies to three years after graduation, and the School ranked 14th in the world in the category of career progress.
  • Schulich has the highest three-year average rank (21st) among all Canadian schools.

“We’re proud to have been ranked among a very select grouping of the top schools by one of the world’s most respected and comprehensive MBA surveys,” said Horváth. “Yesterday’s ranking, together with other major rankings of the past year, clearly establish Schulich as one of Canada’s leading schools and as one of the top business schools in the world.”