Tyler McKay | Assistant News Editor
Featured Image: The Seymour Schulich Building, home of the Schulich School of Business. | Courtesy of YFile
On September 18, Forbes released a ranking of Masters of Business Administration (MBA) programs across the globe. Schulich School of Business was ranked No. 1 in Canada and No. 9 in the world outside of the United States in terms of the amount of money its students will make after they graduate. Schulich has maintained these rankings for the past 20 years.
Schulich was also tied for No. 2 (with HEC Paris) in the Years to Payback category of the ranking, which is the length of time it takes for graduates to recover their investments in their degree.
“The Forbes survey is the longest-running and most authoritative MBA ranking on return on investment in the world,” says Dean of Schulich Business School Dezsö J. Horváth.
“The Forbes ranking tells prospective MBA students where they can get the best bang for their buck—or the best ‘value for money’ — and the Schulich School of Business has consistently been a leader in this category.”
Forbes examined more than 100 schools and reached out to 17,500 alumni around the globe for their 2019 ranking of full-time MBA programs. They were seeking to answer one question: “Is an MBA worth it?”
Forbes compared graduates’ earnings in their first five years after getting their MBA to their opportunity cost to arrive at a five-year MBA gain, which is the basis for the final rank, according to their website.
The 5-Year MBA Gain ranking, the category where Schulich ranked No. 1 in Canada, is devised by calculating how much money graduates made in total, five years after graduating, minus tuition and other fees. Schulich graduates made on average US $46,300.
Schulich was tied for No. 2 in the Years to Payback category with a time of 3.7 years. Ceibs and Singapore lead the way by a slim margin at 3.6 years to payback.
“I am very proud to be a part of such a renowned community,” says Eesha Patel, international Bachelor of Business Administration with French at Schulich student.
“Especially knowing that our faculty and staff that teach the MBA program also teach undergraduates. I know a lot of other students were happy to hear about this ranking as well, since many of them were sharing the article on their personal social media accounts.”
Patel chose to attend Schulich in part because of the strong reputation it has within the industry and its opportunities for international study.
“For MBA students, the return on investment they expect to receive is an important factor in selecting an MBA program, and Forbes has once again rated the return on investment provided by a Schulich degree as one of the best in the world,” said Schulich Dean Horváth in an interview for York.
“At the moment, an MBA is not a part of my immediate professional plans. However, if I do pursue an MBA, I will definitely consider Schulich amongst my top choices due to the strength of its programs and this recent ranking,” says Patel, echoing Dean Horváth’s sentiments.
