The Economist magazine Thursday ranked the MBA program offered by the Schulich School of Business at York University as one the top 25 MBA programs in the world. Schulich ranked 22nd overall and number one in Canada in the magazine’s annual ranking of the world’s top 100 MBA programs. This marks the sixth straight year that Schulich has placed among the world’s top 25 in The Economist ranking.
In placing 22nd, Schulich ranked ahead of Kellogg, Michigan, INSEAD, Yale, Duke, Cambridge and Oxford, and just behind UCLA, Cornell and Wharton. Schulich placed first among Canadian schools, eighth in the world among non-US schools, and 15th among all North American schools. Three other Canadian schools that made The Economist‘s Top 100 list are: the John Molson School of Business at Concordia University, which ranked 80th; HEC Montréal, which placed 84th; and the Rotman School of Management, which ranked 96th. To view the complete results, visit The Economist website.
“We’re pleased to once again be ranked by The Economist among the world’s leading business schools,” said Schulich Dean Dezsö J. Horváth. “We’re also proud that Schulich was ranked among the leading schools in the world in a number of the areas that students identify as being most important, including diversity of recruiters, educational experience, salary increase following graduation and faculty quality.”
Dezsö J. Horváth
The following are some of the key highlights regarding Schulich in this year’s The Economist ranking:
- Schulich ranked first in the world in the category of recruiter diversity (the number of industries represented by recruiters who hire Schulich graduates) – a reflection of the broad range of industry and functional specializations offered at the School (19 in total).
- Schulich ranked third in the world in the category of salary increase – a measurement that captures the percentage by which salaries increased pre-MBA to post-MBA. Schulich graduates reported an average 157% increase in salary after obtaining their MBA degree.
- Schulich ranked fourth in the world in the category of internationalism of alumni – a key consideration for MBA graduates interested in seeking global opportunities after graduation. (Schulich has 86 alumni chapters in 63 countries and more than 24,000 alumni working in over 90 countries).
- Schulich ranked fifth in the world in the category of educational experience. This category included a student assessment of the program, the range of electives offered, and the school facilities, as well as the number of overseas exchange opportunities the school provided.
- Schulich ranked 12th in the world in the category of faculty quality, a combined measure comprised of Faculty/Student ratio, percentage of faculty with a PhD, and a student assessment of faculty.
The Economist survey is the only major global ranking that rates business schools on criteria deemed most important to MBA students and alumni – everything from diversity of career opportunities to earning potential and networking opportunities. According to The Economist, the magazine ranks full-time MBA programs on “their ability to provide students with the things that they themselves cite as most important” and weights each element according to the average importance given to it by students.
Student and alumni ratings make up 20 per cent of the survey and 80 per cent is based on quantitative data, such as student quality, faculty quality, post-MBA salary and salary increase, and breadth of internationalism of alumni.
During its 25-year history, The Economist survey has tracked and measured the opinions of approximately 250,000 MBA students and alumni on categories they consider to be most important, including:
- the ability of a school to open new career opportunities;
- personal development and educational experience;
- salary increase; and
- the potential to network, as measured by the internationalism of the school’s alumni and the breadth of its alumni network.