Forbes magazine has ranked the Schulich School of Business at York University No. 1 in Canada and eighth in the world among two-year MBA programs outside the U.S.
Schulich was also jointly ranked fourth in the world among all two-year MBA programs (both U.S. and non-U.S.) 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 U.S. and non-U.S. schools separately, and among non-U.S. schools, it ranked one-year and two-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: Five-Year MBA Gain and Years to Payback. The first ROI measure, known as the Five-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 Five-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, visit
www.forbes.com/sites/kurtbadenhausen/2017/09/25/the-best-business-schools-2017-behind-the-numbers/#6327e8974452.
"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 U.S. in the Five-Year MBA Gain category, and more importantly, our School ranked fourth among all two-year MBA programs in both the U.S. and outside the U.S. in the Years to Payback category.
According to the Forbes ranking results, Schulich had the highest Five-Year MBA Gain and the best Years to Payback among both one-year and two-year MBA programs in Canada. In terms of the Five-Year MBA Gain category, Schulich ranked eighth among two-year MBA programs outside the U.S., finishing behind London Business School, IESE and CEIBS.
Schulich graduates reported an average Five-Year MBA Gain of U.S. $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 – fourth best in the world among all two-year MBA programs (both U.S. and non-U.S.). 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 per cent increase in average salary five years following graduation, according to Forbes.
"For MBA students, the Return on Investment they receive after graduating is a significant factor when determining the value of their degree," said Horvath. "The latest Forbes survey captures an important statistical measure of the return on investment our MBA students can expect once they graduate.”
London Business School was ranked No. 1 by Forbes among two-year programs outside the U.S., while Wharton was the top-ranked U.S. MBA program and IMD was the top-ranked school among one-year programs outside the U.S.
For complete ranking results, visit www.forbes.com/business-schools/.