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Ivey program ranks 15th
Ivey program ranks 15th
By Jessica Leeder
Richard Ivey's new favorite numbers are 15 and 1.
A new ranking of Executive Masters of Business Administration programs released Monday by the Financial Times of London placed the Richard Ivey School of Business 15th in the world and number one in Canada.
Ivey business school dean Larry Tapp said the ranking is a positive affirmation for the business school.
"This truly global survey confirms that Ivey's EMBA holds its own against all EMBA programs in the world. This is another endorsement of our vision of creating a Canadian-based centre of excellence in business education, which is internationally recognized.
"It's a credit to our dedicated faculty, staff and students," he said.
EMBA program director Paul Bishop said rankings, if they are reputable, help Ivey establish a footprint in the marketplace while trying to build up the Ivey brand.
"The Financial Times' study is important because it is the one that does the best research," he said.
The results of the survey are determined, in part, after extensive interviews with EMBA graduates and alumni, he explained.
According to the Financial Times website, the ranking system uses a number of indicators to determine its final rankings.
Salaries account for 40 per cent of the ranking, while research accounts for 10 per cent. Other factors include the number of PhDs on staff, academic value to students and the number of female faculty.
Bishop said the rankings are most helpful for people looking to enroll in an EMBA program.
"It is very hard to assess the quality of an EMBA program externally and most applicants are influenced when the organization that does the ranking has prestige," he said. "It gives the school a status and allows faculty to believe they can build a career here as well as have quality career opportunities when they leave."
Kate Bishop, a Global Human Resources Consultant with Nortel Networks in Toronto and a student of Ivey's EMBA program, said she thinks Ivey's program lives up to its reputation.
"I've enjoyed doing the program there is so much I can take from it and use at work and vice versa, which proves the focus is in the right place," she said.
"The ranking is an excellent result for Ivey and, in terms of the EMBA, to be measured up so well against international schools."