By James Langton
(January 22 – 10:40 ET) – The Richard Ivey School of Business at the University of Western Ontario continues to tout itself as Canada’s top business school, pointing to a survey published today in the Financial Times.
Ivey, based in London, Ont., placed 19th out of 100 full-time MBA programs ranked. It’s the school second consecutive year in 19th place.
York University’s Schulich school was the next highest ranked Canadian school at number 35, closely followed by McGill University at 37. The University of Toronto’s Rotman school came in at 46; UBC at 59; and McMaster’s DeGroote at 80. Queen’s University was 87; Alberta 95; and Concordia’s Molson placed 98th.
The big U.S. business schools Wharton, Harvard and Stanford placed in the top three respectively.
Ivey ranked number one in the world for “value for money”, which determines the rate of return for each dollar spent between the start of the MBA to three years following graduation. Ivey graduates earn on average US$98,070 annually — more than any Canadian business school.
Ivey is ranked fourth for the most internationally mobile alumni. It ties for fifth with the most international faculty, and ranks seventh for percentage of women faculty members.
“This ranking tells us that we are on the right track and able to compete head to head with the big American and international schools,” said Dean Lawrence Tapp. “It’s a testament to the quality of our faculty, which I believe compares with the finest in the world and the value of the case method of teaching.”
Associate Dean research, Dr. Paul Beamish said, “While we are gratified that we were recognized for the amount of quality research at Ivey, we also recognize that there is much more that could, and should be done. Canada needs to recognize the importance of research at all our business schools if we are going to continue to compete with the best business schools from around the world. That means more funding from both governments and industry. Research funding will be a major goal for Ivey over the next year.”