Schulich Ranks #3 in the World In “Years to Payback” Category
TORONTO, August 6, 2009 -- Forbes magazine today ranked the Schulich School of Business at York University #1 in Canada and among the top 10 schools in the world in Return on Investment – an important measure for determining the earning power of an MBA degree. Schulich was also ranked #3 in the world when it comes to determining how quickly MBA graduates recoup their investment in an MBA degree.
The Forbes global ranking, conducted every two years, measured the Return on Investment (ROI) experienced by MBA graduates from the Class of 2004 five years after obtaining their degrees. Forbes surveyed 17,000 MBA graduates from 103 business schools around the world and calculated a ROI total by determining average post-MBA compensation over a five-year period minus the costs associated with attending business school (tuition, fees and foregone salary).
Schulich was the highest ranked Canadian business school and was ranked 6th among two-year MBA programs outside the US. London Business School was ranked number one by Forbes among two-year programs outside the US, while INSEAD placed first among one-year MBA programs outside the US. Stanford was the top-ranked US MBA program.
Schulich ranked 10th in the world among two-year MBA programs in the category that measures the total ROI, with a total cumulative gain of US$59,000. When compared to the top US MBA programs, Schulich ranked 5th overall in total ROI, behind only Stanford, Dartmouth, Harvard and Chicago, and ahead of schools such as Wharton, Columbia, Kellogg and Yale. The median five-year gain for the top 50 US schools was $29,000, according to Forbes.
In the “Years to Payback” category, which measures how quickly graduates recoup their investment in an MBA degree, Schulich ranked 3rd in the world among all two-year MBA programs at 3.6 years, a position it shared jointly with top-rated London Business School.
“The Forbes survey captures an important measure of a business school’s value – namely, the return on investment that its MBA students can expect once they graduate,” said Schulich Dean Dezsö J. Horváth. "The return on investment provided by a Schulich MBA degree is not only ranked the best in Canada – it also ranks among the very best in the world."
For complete details, visit www.forbes.com/bschools.
About Schulich
Known as Canada’s Global Business School™, the Schulich School of Business in Toronto is ranked among the world’s leading business schools by a number of global surveys. Schulich’s MBA program is ranked #1 in Canada by The Wall Street Journal, Forbes, The Economist (EIU), Expansión (a Time Warner publication) and the Aspen Institute (a US-based business think tank). The Kellogg-Schulich EMBA program is ranked #1 in the world by The Wall Street Journal along with all five schools in Kellogg’s global network of EMBA programs, and #1 in Canada by the Financial Times of London. For complete ranking details, please visit www.schulich.yorku.ca.
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 representative offices in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; and Moscow, Russia. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to careers in the private, public and nonprofit sectors, and has more than 21,000 alumni working in over 90 countries. Schulich 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. Schulich’s Executive Education Centre provides executive development programs annually to more than 16,000 executives in Canada and abroad.
Contact: Elayne Shapiro at (416) 736-5546
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