The Economist Ranks Schulich School of Business #1 in Canada
TORONTO, ON – Tuesday, October 18, 2016 – The Economist magazine ranked the MBA program at York University’s Schulich School of Business #1 in Canada in the magazine’s annual survey of the world’s top 100 MBA programs. This marks the 14th straight year that Schulich has placed #1 in Canada.
In addition to finishing 1st among Canadian business schools, Schulich ranked 56th overall and 19th in the world among non-US schools. Only two other Canadian business schools made The Economist‘s Top 100 list: the Ivey School of Business, which ranked 59th; and the Smith School of Business at Queen’s University, which ranked 79th.
Twenty percent of the overall ranking score is salary-related and based on results in the categories of Post-MBA Salary (15%) and Salary Increase (5%), as measured in US dollars. The steep drop during the past year in the value of the Canadian dollar vis-à-vis the US dollar had a significant impact on the performance of all Canadian schools in the Economist MBA Ranking.
To view the complete results, visit:
The following are some of the key highlights regarding Schulich in this year’s The Economist ranking:
- Schulich ranked 3rd 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 5th in the world in the number of overseas alumni chapters (Schulich has 87 alumni chapters in 62 countries and approximately 30,000 alumni working in over 90 countries).
- Schulich ranked 9th in the world in the category of salary increase – a measurement that captures the percentage by which salaries increased pre-MBA to post-MBA.
- Schulich ranked 21st 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.
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% of the survey and 80% 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 28-year history, The Economist survey has tracked and measured the opinions of approximately more than one-quarter million 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.
“We’re pleased that The Economist has once again ranked Schulich as the #1 school in Canada,” said Schulich Dean Dezsö J. Horváth. “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, international alumni networks and faculty quality.”
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 the world by Corporate Knights, the world’s largest circulation magazine with an explicit focus on Corporate Social Responsibility, in a global survey that identifies 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 #1 in Canada and among the world’s leading schools by The Economist, Forbes, CNN Expansión and América Economía. Schulich is also ranked among the world’s top 35 business schools for a career in investment banking in a global survey by eFinancialCareers.com. The Kellogg-Schulich EMBA program is ranked #5 in the world by The Economist 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 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 campuses in Hyderabad, India and Beijing, China. 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 approximately 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. In addition to Schulich’s Master of Finance, Master of Management and Master of Accounting degrees, the School launched one of the world’s first Master of Business Analytics and Master of Real Estate and Infrastructure degrees. Schulich’s Executive Education Centre provides executive development programs annually to more than 12,000 executives in Canada and abroad.
Contact: Beth Marlin at (905) 717-6278 or firstname.lastname@example.org