Forbes Ranks Schulich #1 in Canada for MBA ROI
TORONTO, ON – Friday, September 11, 2015 – Forbes magazine has ranked the Schulich School of Business at York University #1 in Canada in post-MBA Return on Investment among all 1-Year and 2-Year MBA Programs. In terms of 2-Year MBA Programs, Schulich was among the leading schools worldwide in the “5-Year MBA Gain” category, and in terms of the “Years To Payback” category – the length of time it takes a business school’s graduates to recoup their investment in an MBA degree – Schulich ranked #1 in the world.
The Forbes “Best Business Schools” global ranking, conducted every two years, measures the Return on Investment (ROI) experienced by MBA graduates from the Class of 2010 five years after obtaining their degrees. Forbes surveyed 17,400 MBA graduates from 95 business schools around the world and calculated the ROI using two different measures. 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: http://www.forbes.com/sites/kurtbadenhausen/2015/09/09/the-best-business-schools-2015-behind-the-numbers/
According to the Forbes ranking results, Schulich had the highest 5-Year MBA Gain among all MBA programs in Canada, with Schulich graduates reporting an average 5-Year MBA Gain of US$59,200 (post-MBA compensation over a five-year period, minus the costs associated with attending business school.) Based on the 5-Year MBA Gain, Schulich was ranked 9th overall among all two-year MBA programs outside the US. London Business School was ranked #1 by Forbes among two-year programs outside the US with a 5-Year MBA Gain of US $102,100, while Stanford was the top-ranked US MBA program with a 5-Year MBA Gain of US$89,100. When measured against all two-year MBA programs in the world, Schulich would rank 23rd overall in ROI as determined by a 5-Year MBA Gain. For complete ranking results, please visit: http://www.forbes.com/business-schools/
In Forbes’ second ROI measure, the “Years to Payback” category, which measures how quickly graduates recoup their investment in an MBA degree (foregone income and tuition costs), Schulich ranked #1 in the world among all two-year MBA programs with a payback period of 3 years for graduates to recoup their investment, a position it shares jointly with the National University of Singapore.
Among all Canadian schools in both the 1-year MBA and 2-year MBA categories, Schulich was #1 for both 5-Year MBA Gain and Years to Payback. Schulich graduates also experienced the highest percentage salary increase among all Canadian schools, with Schulich alumni from the Class of 2010 reporting a 145% increase in average salary five years following graduation, according to Forbes.
“The ROI provided by a Schulich MBA degree was once again rated by Forbes as the best in Canada and one of the very best in the world among all two-year MBA programs,” said Schulich Dean Dezsö J. Horváth. “For many MBA students, the Return on Investment they receive after graduating is a significant factor when determining the value of their degree. The fact that Schulich is rated #1 in the world in the Years To Payback category, the amount of time it takes graduates to recoup their investment, is a testament to the real value and earning potential of a Schulich MBA degree.”