Forbes Ranks Schulich School of Business #1 in Canada and among the top 10 in the world outside the US
TORONTO, ON – Thursday, September 28, 2017 – Forbes magazine has ranked the Schulich School of Business at York University #1 in Canada and 8th in the world among two-year MBA programs outside the US. Schulich was also jointly ranked 4th in the world among all 2-year MBA programs (both US and non-US) in terms of “Years To Payback” – the length of time it takes a business school’s graduates to recoup their investment in an MBA degree.
The 2017 Forbes “Best Business Schools” global survey ranked US and non-US schools separately, and among non-US schools, it ranked 1-year and 2-year MBA programs separately as well. The ranking measured the Return on Investment (ROI) experienced by MBA graduates from the Class of 2012 five years after obtaining their degrees. Forbes surveyed 17,500 MBA graduates from more than 100 business schools around the world and calculated the ROI using two different measures: 5-Year MBA Gain and Years to Payback. The first ROI measure, known as the 5-Year MBA Gain, was arrived at by determining average post-MBA compensation over a five-year period minus the costs associated with attending business school (tuition, fees and foregone salary). The 5-Year MBA Gain was then adjusted to account for cost-of-living expenses in different parts of the world. The second ROI measure, known as Years to Payback, determined the average length of time it took for graduates to recoup their investment in an MBA degree. For more details about the Forbes ranking methodology, please visit:
According to the Forbes ranking results, Schulich had the highest 5-Year MBA Gain and the best Years to Payback among both 1-year and 2-year MBA programs in Canada. In terms of the 5-Year MBA Gain category, Schulich ranked 8th among two-year MBA programs outside the US, finishing behind London Business School, IESE and CEIBS. Schulich graduates reported an average 5-Year MBA Gain of US $48,700, which represented post-MBA compensation over a five-year period minus the costs associated with attending business school. In the Years to Payback category, which measures how quickly graduates recoup their investment in an MBA degree, Schulich had a payback period of 3.5 years – 4th best in the world among all two-year MBA programs (both US and non-US). Only CEIBS, HEC Paris and London Business School ranked ahead of Schulich in the Years to Payback category.
Schulich graduates also experienced the highest percentage salary increase among all Canadian schools, with Schulich alumni from the Class of 2012 reporting a 160% increase in average salary five years following graduation, according to Forbes.
London Business School was ranked #1 by Forbes among two-year programs outside the US, while Wharton was the top-ranked US MBA program and IMD was the top-ranked school among one-year programs outside the US. For complete ranking results, please visit: http://www.forbes.com/business-schools/.
“Forbes has once again rated the Return on Investment provided by a Schulich MBA degree as one of the best in the world,” said Schulich Dean Dezsö J. Horváth. “Schulich was among the best two-year MBA programs outside the US in the 5-year MBA Gain category, and more importantly, our School ranked 4th among all two-year MBA programs in both the US and outside the US in the Years to Payback category. For MBA students, the Return on Investment they receive after graduating is a significant factor when determining the value of their degree. The latest Forbes survey captures an important statistical measure of the return on investment our MBA students can expect once they graduate.”
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 campus in Hyderabad, India. 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.
For more information, members of the media may contact:
Media Relations and Public Relations
Schulich School of Business
Phone: (905) 717-6278