Western University’s Ivey business school turned out the best paid MBAs among top Canadian universities, a Financial Times ranking showed Monday.
The Global MBA Ranking 2014 said MBA graduates from the world’s top 100 MBA programs have seen their salaries soar during the past five years, despite the global downturn. Students who started degrees at the start of the financial crisis in 2008 and 2009 and graduated in the depths of the recession in 2010 have seen their paycheques double in the past five years, the Financial Times reports.
But that investment was not cheap. The Financial Times points out that fees at 24 of the 100 elite MBA programs are $100,000 or more, not including living costs and lost salary for one to two years.
Five Canadian universities made the list. Western’s MBA at 89th is the lowest ranked Canadian university, but the highest for salary. The average salary three years after graduation for a Ivey alumni is $99,072.
The highest ranking Canadian school, University of Toronto’s Rotman school at 47th, came second in Canada for salary. Graduates there tend to make $90,304.
Next in the ranking was York University’s Schulich school at 66th, but its average salary of $89,332, trailed that of McGill University’s Desautels (ranked 84th best school) at $89,604.
University of British Columbia’s Sauder business school was ranked 72th, but graduates made the least of the Canadian schools at $88,881.
No Canadian school, however, can touch America’s top schools for big paycheques. Graduates in the United States who make the highest average salary ($184,566) hail from Stanford Graduate School of Business, ranked No. 2 on the list, with Harvard graduates, the top business school, fetching $178,300.
FT analysis shows that 30% of chief executives of the world’s top companies have an MBA. In the United States, the percentage is closer to 50%.
Source : http://business.financialpost.com