January 28, 2004  
Volume 97, Issue 65  

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NEWS

Ivey’s rank falls, again

By Maureen Finn
Gazette Staff

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, she said.

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.”

 

 

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