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For those that are MBA bound?

Chris

Well-Known TRIBEr
Just a heads up
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Schulich MBA moves up in international ranking

Takes 22nd spot behind U of T's Rotman



By GORDON PITTS
From Monday's Globe and Mail

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York University's Schulich School of Business solidified its status among the world's top MBA faculties by passing one of its major rivals and contending for top Canadian honours in the Financial Times 2004 rankings of business schools.
The Schulich School tied for 22nd spot among the top 100 schools offering masters of business administration degrees, up from 26th a year ago and from 31st position two years ago in the closely watched FT rankings.

That left it just behind the University of Toronto's Rotman School of Management, the leading Canadian school, which placed 21st over all this year, the same spot as in 2003.

But in these often volatile rankings, the Schulich School moved past the University of Western Ontario's Richard Ivey School of Business, which dropped to 29th from 22nd a year ago and from 18th two years ago.

"This is very satisfactory -- our fifth consecutive year of steady improvement," said Schulich dean Dezso Horvath, whose school graduates 300 full-time MBAs a year.

No Canadian faculty cracked the top 10, which was dominated by U.S. institutions, including the top-ranked Wharton School at the University of Pennsylvania, in the number two spot, the Harvard Business School and the Columbia Business School placing third. These were the same top three as a year ago.

Seven Canadian schools made the elite 100, down from eight a year ago. Besides the top three, they included McGill University in 39th place; Queen's University, 52nd; the University of British Columbia, 67th; and the University of Alberta, 97th.

The British-based Financial Times produces one of the most authoritative of the proliferating crop of MBA rankings, which are closely monitored by would-be students, recruiters and alumni.

The annual FT rankings are based largely on 8,300 survey responses from the class of 2000 at participating schools. More than half the score reflects alumni success, including a 40-per-cent weighting from average salary and percentage salary increase in the three years after graduation.

Some other rankings are narrower -- The Wall Street Journal, for example, measures recruiters' perspectives, and Forbes magazine looks at return on investment. Business Week magazine's survey comes out every other year, with the next release this fall.

Business academics warn that each survey should be studied in detail and compared with others. One ranking in a single year is considered an inadequate guide for students to pick a suitable program.

Queen's School of Business in Kingston, although 52nd over all in the FT survey, rated No. 1 in the extent to which alumni felt they had fulfilled their goals in entering the MBA program.

"It shows we're doing a good job in helping our students achieve their career objectives," said Bill Blake, associate dean of MBA programs at Queen's, whose MBA degree is targeted at science and technology managers.

He pointed out that Queen's, which was No. 40 over all in 2003 and No. 46 in 2002 in the FT rankings, was rated the No. 2 school outside the United States, and tops in Canada, in the 2002 Business Week survey.

The Schulich School placed No. 3 on the FT scorecard in terms of value for money -- the rate of return on every dollar spent -- even though its 2000 graduates pulled down the lowest weighted average three-year salary, $85,734 (U.S.), among the top 35 schools.

In addition, Schulich scored No. 85 in terms of alumni achieving their aims, behind the leader, Queen's, as well as Rotman, No. 13; Ivey, No. 38; McGill, No. 51; and UBC, No. 64.

Mr. Horvath said Schulich's lower score in aims achieved reflects the challenges of finding career placements for 300 graduates in a poor economy, such as MBA graduates experienced in 2000-01. These challenges are not as great for smaller programs, such as Queen's, he said.

Also, the Schulich School offers wide career opportunities, including jobs outside North America and in the arts and non-profit sectors, which pay lower average salaries than in programs that focus on investment banking and consulting, he said.

The FT rankings are a marketing blow to Ivey, which for years enjoyed unofficial status as the most prestigious Canadian business school. The second straight year of decline puts added pressure on new dean Carol Stephenson, who joined the school last September after a career in telecommunications.

Business deans warn of the danger in judging the programs according to short-term bounces in rankings. Ivey, whose graduates enjoy the highest average salary among Canadian schools ($106,010) still sports the best three-year average ranking among Canadian schools, at No. 23 over all -- just ahead of Rotman (No. 24) and Schulich (No. 26).

The only trouble is that Ivey's recent report cards have been moving in the wrong direction.

Top of the class

The top full-time global MBA programs, and where Canadian schools rank

1.Wharton School, University of Pennsylvania

2.Harvard Business School

3.Columbia Business School

4.Insead

London Business School

University of Chicago (tied)

7.Stanford University

8.Sloan School of Management, Massachusetts Inst. Of Technology

9.Stern School of Business, New York University

10.Tuck School of Business, Dartmouth College

21.Rotman School of Management, University of Toronto

22.Schulich School of Business, York University

29.Ivey School of Business, University of Western Ontario

39.McGill University Faculty of Management

52.Queen's School of Business

67.Sauder School of Business, University of British Columbia

97.University of Alberta School of Business

SOURCE : FINANCIAL TIMES
 

Gunark

TRIBE Member
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Woman: In that case I’ll have to show you how to do it.
 
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juice

TRIBE Member
Dezsö Horváth was just named International Dean of the Year by The Academy of International Business. That is a huge honour and another boost for the Schulich program. I take courses through Schulich and it is an excellent program, plus with the brand new building it's a really nice environment to be in as well.
 
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