Ivey’s rank falls, again
By Maureen Finn
The Financial Times has released its rankings of the world’s
top 100 master’s of business administration programs.
The Richard Ivey School of Business has dropped to 29th place
from 22nd a year ago, and 18th two years ago.
Ivey is now ranked third in Canada, after the Rotman School
of Business at the University of Toronto and the Schulich School
of Business at York University.
Alex Bilyk, director of marketing communications at Ivey,
said Ivey’s drop in the Financial Times ranking is a
bit of a concern. He noted that overall Ivey is still the top
ranked business school on a three year average. “It’s
the only Canadian school that has ranked in the top 30 for
the past five years,” he said.
Della Bradshaw, education editor for the Financial Times,
said the rankings are based on many different factors, but
mainly on intellectual capital, international values and career
progression of alumni. “Ivey has been dropping over the
past several years, but it is still a good school — among
the top 30 in the world,” she said.
“Ivey is not backing down — we’ve just developed
a new MBA curriculum and we have a new dean that’s leading
the charge,” Bilyk said. “[The changes] will help
in future rankings, because we are arming our grads with the
best tools and experience to be successful in the world economy,” he
said, adding Ivey students gain valuable experience with the
case study method the school uses.
“[Ivey] has put a number of things in place over the
years to address the problems it knows it has,” Bradshaw
said, noting Ivey has a strong reputation in Canada.
Bradshaw noted that Ivey is in a very strong position because
the schools ranked above it are very good. She added the first
dozen schools are strong and the ones that come after are all
very close in comparison. “Because of this, it’s
easy for schools to switch positions due to very small amounts
of data change.
“The main problem that Ivey is facing is that two other
Canadian schools have moved above it,” Bradshaw said,
adding the top Canadian schools are very close in comparison.
Based on a 200 point scale, there is only a six point difference
between Rotman, which was ranked first in Canada, and Ivey,
Ken McGuffin, manager of media relations at Rotman, said the
school is very pleased with the results. “It really shows
we’re starting to show improvements in categories we’ve
invested in over the past few years, such as research by our
faculty and our doctoral program.”