Canadian Business School Ranked
A World Leader in Global MBA Survey
Toronto’s Schulich School of Business is Rated #2 Among
World’s Top 100 Business Schools in 2011 Aspen Institute MBA Ranking
TORONTO, CANADA, September 23, 2011 – The Schulich School of Business at York University has been rated one of the world’s best when it comes to equipping future business leaders with the tools needed to manage in today’s changed business environment. Schulich placed 2nd overall in a global ranking of the top 100 MBA programs that are preparing future managers for the environmental, social and ethical complexities of modern-day business.
The Beyond Grey Pinstripes ranking, published every two years by the Washington, DC-based Aspen Institute, rates the top 100 global MBA programs in the world that are providing future business leaders with a comprehensive and integrated understanding of the social and environmental issues that are reshaping the way businesses are managed – everything from increased consumer activism and greater transparency in labour and environmental practices to changes in corporate governance policies and executive compensation. A total of 149 business schools from 22 countries took part in the survey.
According to the Aspen Institute, this year’s ranking marked the first opportunity since the global economic downturn to comprehensively measure the extent to which MBA programs are altering the content of their curriculum – and the result has been a sea change in the way that business schools are focusing on social, ethical and environmental issues in the classroom.
“The global corporate landscape has changed dramatically in the last few years and a greater number of businesses are dealing more seriously with the triple bottom line of social, environmental and economic issues,” said Dezsö J. Horváth, Dean of the Schulich School of Business. “Adopting a broad, triple bottom line approach is more than just good corporate citizenship – it’s simply good business management. The Dow Jones Sustainability Index confirms that corporations that focus on the triple bottom line also generate higher shareholder value on average over the mid-to-long term.”
Horváth said that businesses are facing increased expectations and demands on the part of governments and the public. “The narrow shareholder model of the past has been overtaken by a much broader stakeholder model – one that considers the implications of strategic decisions on everyone from consumers and employees to investors and citizens.”
Added Horváth: “There is a growing awareness that business issues are rarely isolated from social, political and environmental considerations. The Beyond Grey Pinstripes ranking measures how well business schools are preparing students for this new reality, and Schulich is proud to be rated a world leader when it comes to graduating managers who have the tools necessary to lead in the new world of business.”
Schulich placed 2nd overall, close behind #1 ranked Stanford University, and ahead of Michigan, Yale, Northwestern, Cornell and UC Berkeley in the world’s top 10 business schools. Schulich ranked either first or second in the world in three of the four categories measured by the survey. Schulich was rated #1 in the world in the categories of Faculty Research and Relevant Coursework (Stanford ranked 4th and 2nd, respectively). Schulich ranked #2 in the world in the category of business impact, which measures the total number of courses offered that focus on the role that for-profit business can play as a force for positive social and environmental change (Stanford placed 1st), and Schulich ranked 13th in the category of Student Exposure (Stanford ranked 24th). A full description of the ranking, its methodology and individual MBA program ratings is available online at: www.BeyondGreyPinstripes.org.
About The Schulich School of Business
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 #2 in the world by the Aspen Institute (a Washington, DC-based leadership think tank) in a global survey that identified 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 among the world’s leading schools by The Economist, Forbes, Bloomberg Businessweek and Expansión (a Time Warner publication based in Mexico City). The Kellogg global network of EMBA partner schools, which includes the Kellogg- Schulich EMBA, is ranked #5 in the world by The Wall Street Journal, and the Kellogg-Schulich EMBA is ranked #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 three campuses – its state-of-the-art complex at York University; its Miles S. Nadal Management Centre located in the heart of the Toronto’s financial district; and its facility at The S.P. Jain Institute of Management & Research in Mumbai, India, where the School offers The Schulich MBA in India, the first MBA program to be delivered in the country by a leading international business school from outside India. Schulich also operates a number of satellite centres in Beijing and Shanghai, China; Mumbai, India; Seoul, South Korea; and Moscow, Russia. Schulich offers undergraduate, graduate and postgraduate business degrees that lead to rewarding careers in the private, public and nonprofit sectors, and has more than 22,000 alumni now 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. Schulich’s Executive Education Centre provides executive development programs annually to more than 12,000 executives in Canada and abroad.
For further information about the Schulich School of Business, visit www.schulich.yorku.ca.
Elayne Shapiro, Schulich School of Business