Volume 94, Issue 68

Wednesday, January 24, 2001


NEWS

Duke prof first to offer course over Internet

Student questions Housing decision

Ivey ranked best for value

Friends mourn slain prof

Tories want to privatize drivers' license testing

Briefs

Planet Me

Ivey ranked best for value

By Daniel Mlodecki
Gazette Writer

The Richard Ivey School of Business keeps good company, according to a recent Financial Times ranking that has it holding its own with business education legends around the world.

The London, England-based Financial Times' annual ranking of the top 100 master's of business administration programs in the world, released yesterday, has Western's program ranked 19th overall.

With MBA programs worldwide facing a shortage of qualified business educators, Western president Paul Davenport said he sees Ivey's continued high ranking as a good sign.

"As I have travelled around the world, people have associated Western with many of our great programs," he said. "The Ivey program is very distinctive."

The Financial Times ranked the Ivey MBA program number one in the world in respect to the educational value returned to students when compared to their tuition fees.

The average salary for an Ivey MBA graduate after three years is almost $150,000 ($98,070 US), said Larry Tapp, dean of the Ivey School of Business. He added that he expects this number to increase in the future.

Four Canadian programs made the top 50. The Schulich School of Business at York University took Canadian second place honours, bouncing up 10 spots to 35th worldwide.

"We believe the rankings reflect our growing stature as a leading business school, both here in Canada and abroad," said Dezso Horvath, dean of the Schulich School of Business.

McGill University gained 12 positions, closing at 37th. The Rotman School of Management at the University of Toronto fell five spots to 46th.

Davenport said all programs have distinctive ways of measuring their individual success and added they may use yardsticks not applicable to Ivey, such as the value of research grants or the number of publications.

The Financial Times' ranking system uses a number of indicators to determine the list. Salaries account for 40 per cent of the ranking, and research 10 per cent. Other factors include the number of PhDs on staff, academic value to students, and the number of women in the faculty.


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