TORONTO, ON – Friday, September 17, 2010 – Today’s edition of the prestigious The Economist magazine ranks the Schulich School of Business at York University among the top 10 MBA programs in the world.
The Economist ranked Schulich 10th overall, ahead of Columbia, MIT and London Business School, and behind Wharton, Stanford and Harvard. Schulich ranked 7th among North American schools, 4th in the world among non-US schools and 1st among Canadian schools.
“We’re elated to be ranked among the very best business schools in the world by one of the world’s most respected business publications,” said Schulich Dean Dezsö J. Horváth. “Over the past five years, we’ve made tremendous strides in improving the quality of our curriculum and our programs, in ensuring that our faculty and students are absolutely word-class, and in expanding Schulich’s global footprint. I believe these have all been contributing factors in our steady rise in The Economist ranking.”
Today’s ranking is featured in an article in the September 18-24 issue of The Economist, read weekly by 4 million people worldwide. The magazine lists the top 10 schools in a chart titled “Best in the business”. Today’s ranking will also be published in a special MBA edition of The Economist titled Which MBA?, distributed internationally as a separate magazine on September 18th.
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.
The following are some of the key highlights regarding Schulich in this year’s The Economist ranking:
- Schulich was ranked 4th in the world in the broad category of personal development and educational experience, which encompasses faculty quality, student quality, student diversity and educational experience. In the specific category of educational experience, Schulich ranked 2nd in the world. This category included a student assessment of the program and the range of electives offered, the school facilities and the number of overseas exchange opportunities.
- Schulich ranked 5th in the world in the category of recruiter diversity (the number of industries represented by recruiters who hire Schulich graduates) and 1st in the world, a position shared jointly with a number of other schools, in the number of industry sectors that recruit graduates (11 industry sectors) – a reflection of the broad range of industry and functional specializations offered at the School (18 in total).
- Schulich ranked 5th in the world in the category of faculty quality, which looked at factors such as the student/faculty ratio and faculty rating by students.
- Schulich was ranked 6th 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 7th in the world in the category of internationalism of alumni (Schulich has 86 alumni chapters in 70 countries and more than 22,000 alumni working in over 90 countries).
During its 22-year history, The Economist survey has tracked and measured the opinions of approximately 170,000 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.
Several other Canadian schools made the magazine’s top 100 ranking: the Sauder School of Business at the University of British Columbia was ranked 79th; the Haskayne School of Business at the University of Calgary was ranked 82nd; and the John Molson School of Business at Concordia University placed 96th.
To view the complete results, please visit: http://www.economist.com/business-education/whichmba/