'The Economist' ranks the Schulich School of Business No. 1 in Canada
The Economist magazine 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.
In addition to finishing first among Canadian business schools, Schulich placed 48th overall globally in a ranking dominated by U.S. schools that benefited from the use of a strong U.S. dollar exchange rate in the salary category. Schulich also ranked 12th in the world among non-U.S. schools, finishing ahead of Cambridge and Oxford, and behind IMD, London Business School and INSEAD.
Three other Canadian business schools made The Economist's Top 100 list: the Ivey School of Business at Western University, which ranked 63rd; the Smith School of Business at Queen’s University, which ranked 80th, and the John Molson School of Business at Concordia University, which ranked 91st overall. 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 Internationalism of Alumni – a reflection of the international scope and reach of Schulich’s global alumni network, with alumni chapters in 60 countries around the world.
- Schulich ranked second 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.
- Schulich ranked 10th in the world in the category of Potential to Network, which takes into account a school’s number of overseas alumni chapters, as well as the ratio of MBA alumni to current students and a student rating of the school’s alumni network.
- 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.
- Schulich ranked 13th in the world in the category of Salary Increase – a measurement that captures the percentage by which salaries increased pre-MBA to post-MBA.
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.
“We're pleased that The Economist has once again ranked Schulich’s MBA program No. 1 in Canada – a position Schulich has held for 15 of the 17 years during which The Economist has conducted its ranking,” said Schulich Dean Dezsö J. Horváth. "We’re also pleased by Schulich’s strong standing internationally, placing 12th in the world among business schools outside the U.S.
“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, faculty quality and a broad international alumni network."
Global, innovative and diverse, Schulich offers business programs year-round at its state-of-the-art complex at York University; at its Miles S. Nadal Management Centre located in the heart of the Toronto’s financial district; and at its new campus in Hyderabad, India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; Mexico City, Mexico; and Sao Paulo, Brazil. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has more than 30,000 alumni working in over 90 countries. The School pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first ever cross-border Executive MBA degree, the Kellogg-Schulich Executive MBA. The School launched one of the world’s first Master of Business Analytics and Master of Real Estate and Infrastructure degrees and has one of the largest portfolios of one-year, specialized Masters programs of any business school in North America. Schulich’s Executive Education Centre provides executive development programs annually to more than 10,000 executives in Canada and abroad.