“We’re pleased to have once again been ranked number one in Canada by Forbes and among the top four schools in the world outside the US,” said Schulich Dean Dezsö J. Horváth. “The Forbes survey captures an important factual measure of a School’s value – namely, the average return on investment that its MBA students can expect once they graduate.”

The Forbes global ranking, conducted every two years, measured the return on investment, or ROI, experienced by MBA graduates from the Class of 2002. The survey calculated a “five-year MBA gain” by determining average post-MBA compensation minus the costs of attending business school (tuition and foregone salary). Schulich was the highest ranked Canadian business school and was ranked fourth among two-year MBA programs outside the US.

Schulich ranked among the top 15 schools in the world in two important categories: in the category that measures the percentage return on investment (tuition and foregone salary), Schulich placed 10th in the world among two-year programs, just ahead of UC Berkeley, Stanford and London Business School. In the “Years to Payback” category, which measures how quickly graduates recoup their investment in an MBA degree, Schulich ranked 14th in the world among two-year programs at 3.6 years, a position it shared jointly with Tuck (ranked first in the US), Cornell, Duke and IESE Business School.

IESE, based in Spain and rated number one in the world by the Economist Intelligence Unit, was ranked number one by Forbes among two-year programs, with London Business School finishing second. Among one-year MBA programs, IMD in Switzerland was ranked first and Insead placed second. No Canadian schools were ranked among the top one-year programs.

About Schulich:

Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked number one in Canada by Forbes, The Economist (EIU) and the World Resources and Aspen Institutes, and is ranked as one of the top ten schools in the world outside the US by BusinessWeek, Forbes and The Wall Street Journal. Schulich is ranked 13th in the world in The Wall Street Journal’s “Top International Schools” ranking, 9th in BusinessWeek’s top international schools ranking, 4th in the world among non-US, two-year MBA programs in the Forbes ranking, 30th in the world by the Economist Intelligence Unit (EIU), the business research and intelligence arm of The Economist magazine, and 49th in the world by The Financial Times of London (30th in the world in the three-year average category). Schulich is also ranked 3rd in the world in the field of corporate social responsibility in the Beyond Grey Pinstripes ranking conducted by the World Resources Institute and the Aspen Institute.

Global, innovative and diverse, Schulich offers business programs year-round at two Toronto campuses — its new state-of-the-art complex on York University’s main campus and its downtown Miles S. Nadal Management Centre located in the heart of the city’s financial district. The School also operates satellite centres in Beijing, Shanghai, Mumbai, Seoul, and Moscow. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to careers in the private, public and nonprofit sectors, and has over 20,000 alumni working in more than 80 countries. Schulich pioneered Canada’s first International MBA (IMBA) and International BBA (iBBA) degrees, as well as North America’s first cross-border executive MBA degree, the Joint Kellogg-Schulich Executive MBA. The Schulich Executive Education Centre (SEEC) provides executive development programs annually to 16,000 executives in Canada and abroad.

York University is the leading interdisciplinary research and teaching university in Canada. York offers a modern, academic experience at the undergraduate and graduate level in Toronto, Canada’s most international city. The third largest university in the country, York is host to a dynamic academic community of 50,000 students and 7,000 faculty and staff, as well as 200,000 alumni worldwide. York’s 11 faculties and 24 research centres conduct ambitious, groundbreaking research that is interdisciplinary, cutting across traditional academic boundaries. This distinctive and collaborative approach is preparing students for the future and bringing fresh insights and solutions to real-world challenges. York University is an autonomous, not-for-profit corporation.

Media contact:
Elayne Shapiro, 416 736 5546.