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York’s Schulich School of Business is riding on a high. Forbes magazine has ranked it the top business school in Canada. And there’s more good news: Schulich's MBA program was ranked one of the world’s 10 best – in sixth place – outside the US, and the school was placed 20th among all business schools in North America. To read the rankings article online visit http://www.forbes.com/home/2003/09/24/bschooland.html. It is carried in the Oct. 13 print edition of Forbes magazine.
Four other Canadian business schools made Forbes' list of ranked international schools: Queen’s School of Business was 10th, McGill was 13th, HEC-Montreal was 17th and the John Molson School at Concordia was 18th.
Insead, with campuses in Europe and Asia, was the number one ranked non-US school. The other non-US schools in the top five were IMD in Switzerland, and Cambridge, Oxford and London Business School in the United Kingdom. (The three ranked best in the US were Harvard, Columbia and Chicago.)
The biennial Forbes survey measured the return on investment attained by the 1998 graduates of MBA programs from around the world. The survey calculates a "five-year MBA gain" by determining average post-MBA compensation minus the costs of attending business school (tuition and foregone salary).
A five-year MBA gain for Schulich graduates was calculated at US$97,000, or approximately $131,000 in Canadian dollars. Queens was the next highest Canadian school with a five-year MBA gain of US$76,000, or approximately $103,000.
"We’re extremely pleased to have been ranked sixth in the world among non-US schools," said Schulich Dean Dezsö J. Horváth (left). "The Forbes survey captures an important factual measure of a school’s value - namely, the average return on investment that its MBA students can expect once they graduate."
Horváth added that today’s Forbes ranking is consistent with a number of other recent global surveys, including one by the Economist Intelligence Unit, where Schulich ranked fifth in the world among non-US schools, and the Financial Times Magazine of London, where Schulich ranked seventh in the world among non-US schools. Schulich School of Business was also ranked as one of the top 10 schools in the world outside the US by BusinessWeek.
Right: Image of new Seymour Schulich Building
Schulich is Canada’s largest school of graduate management education. It offers business degrees at the undergraduate, graduate, post-graduate and executive education levels. These include Canada’s first International MBA (IMBA), as well as North America’s first ever cross-border Executive MBA (EMBA) degree through the Joint Kellogg-Schulich Executive MBA program.