TORONTO, October 14, 2011 – The Economist magazine has ranked a Canadian school – the Schulich School of Business at York University – among the top 10 MBA programs in the world. The prestigious Economist magazine ranked Schulich 9th overall, up from 10th place the previous year, and Schulich was the only Canadian business school to make the top ten.
In placing 9th overall, Schulich ranked ahead of MIT, London Business School, Wharton and INSEAD, and behind Stanford, Columbia, Berkeley and Harvard. Schulich placed 1st among Canadian schools, 2nd in the world among non-US schools, and 8th among North American schools. To view the complete results, please visit: www.economist.com/whichmba.
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 percent of the survey and 80 percent 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 23-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.
The following are some of the key highlights regarding Schulich in this year’s The Economist ranking:
- Schulich ranked 2nd in the world in the category of faculty quality, which looked at factors such as the student/faculty ratio and faculty rating by students. (99 percent of Schulich faculty have a PhD).
- Schulich ranked 4th 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 (18 in total).
- Schulich was ranked 5th in the world in the category of salary increase – a measurement that captures the percentage by which salaries increased pre-MBA to post-MBA. Within three months of graduation, Schulich graduates reported an average 127 percent increase over their pre-MBA salary.
- Schulich was ranked 8th in the world in the broad category of personal development and educational experience, which encompasses faculty quality, student quality, student diversity and educational experience. In the specific category of educational experience, Schulich ranked 2nd in the world. This category included a student assessment of the program and the range of electives offered, the school facilities and the number of overseas exchange opportunities.
- Schulich ranked 4th 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 more than 84 alumni chapters in 61 countries and more than 22,000 alumni working in over 90 countries).
“We're once again extremely proud to be ranked among the very best business schools by one of the world's most respected business publications,” said Schulich Dean Dezsö J. Horváth.
"Today's result comes on the heels of another top 10 global MBA ranking for Schulich several weeks ago, when the Aspen Institute rated Schulich’s MBA program number two in the world in a survey that identified which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. We believe The Economist and Aspen Institute rankings are largely the result of the quality of our students and faculty, our diverse, innovative and forward-looking curriculum, and our strong international orientation."
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 #2 in the world by the Aspen Institute (a Washington, DC-based leadership think tank) in a global survey that identified which schools are doing the best job of preparing future business leaders for the environmental, social and ethical complexities of modern-day business. Schulich’s MBA program is also ranked among the world’s leading schools by The Economist, Forbes, Bloomberg Businessweek and Expansión (a Time Warner publication based in Mexico City). The Kellogg global network of EMBA partner schools, which includes the Kellogg- Schulich EMBA, is ranked #5 in the world by The Wall Street Journal, and the Kellogg-Schulich EMBA is ranked #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 three campuses – its state-of-the-art complex at York University; its Miles S. Nadal Management Centre located in the heart of the Toronto’s financial district; and its facility at The S.P. Jain Institute of Management & Research in Mumbai, India, where the School offers The Schulich MBA in India, the first MBA program to be delivered in the country by a leading international business school from outside India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; and Moscow, Russia. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has more than 22,000 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. Schulich’s Executive Education Centre provides executive development programs annually to more than 12,000 executives in Canada and abroad.
Contact:
Paul Pivato,
Schulich School of Business
ppivato@schulich.yorku.ca
