The Economist has ranked the MBA program at York University’s Schulich School of Business No. 1 in Canada in the magazine’s annual survey of the world’s top 100 MBA programs.
This marks the 13th consecutive year that Schulich has placed No. 1 in Canada and among the world’s top 50 in The Economist ranking.
In addition to finishing first among Canadian business schools, Schulich ranked 46th overall and was the only Canadian school to be ranked among the world’s top 50.
Schulich ranked 16th in the world among non-U.S. schools and 31st among North American schools. Five other Canadian business schools made The Economist‘s Top 100 list: the Ivey School of Business, ranked 66th; the Smith School of Business at Queen’s University, ranked 80th; the John Molson School of Business at Concordia University, ranked 88th; the Ted Rogers School of Management at Ryerson University, ranked 92nd; and HEC Montréal, ranked 94th.
To view the complete results, visit http://www.economist.com/whichmba/full-time-mba-ranking.
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 (20 in total).
- Schulich ranked seventh 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 117 per cent 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 88 alumni chapters in 62 countries and more than 27,000 alumni working in over 90 countries).
- Schulich ranked 16th in the world in the category of faculty quality, a combined measure comprised of faculty-to-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 weighs 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 27-year history, The Economist survey has tracked and measured the opinions of approximately more than one-quarter million 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.
“We’re pleased that The Economist has once again ranked Schulich as the number one school in Canada and among the world’s leading business schools,” said Schulich Dean Dezsö J. Horváth. “Schulich was also ranked among the top schools in the world in a number of categories that students identify as being important, including diversity of recruiters, salary increase following graduation, international alumni networks and faculty quality.”