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Programs Undergraduate School for Professional and Continuing Studies Accounting Criminology & Criminal Justice Business Management Organizational Leadership Psychology Strategic Communication Graduate School of Management MBA Master of Public Policy and Administration MS in Information Technology MS in Management Admissions Faculty About FAQ Contact Master of Business Administration Degree Home > Graduate Degree Programs > Master of Business Administration Degree Quick Facts Duration: Two years, on average Starts: Fall, Winter, Spring, Summer Class schedule: Weeknight classes available Formats: On campus, online, hybrid On-campus options: Thousand Oaks, Oxnard Fast-track your business career with an MBA from California Lutheran University. Our two-year business administration program efficiently and effectively guides you on your path to business expertise. We provide an in-depth understanding of business fundamentals, while you focus your passion on the areas of study that interests you most. Students from around the world come to pursue their MBAs at our outstanding Southern California location, where we combine the unique perspectives of California’s influential market with an international business view. This combination deepens your global business knowledge while connecting you to influential networks within our regional community. See the MBA curriculum. MBA Program Features Choose from online, on-campus and hybrid options: hether you prefer an in-person classroom environment, the convenience of online learning or a blend of both, our program provides learning modalities that meet your needs. Flexibility: Our MBA program is compatible with the busy schedules of working professionals. It’s your choice whether to attend part-time or full-time. Most classes take place in the evenings, and you can start the program during any term. Take your learning outside the classroom and build your network. The Cal Lutheran MBA incorporates hands-on experiences, such as consulting projects and internships, as well as chances to study abroad and attend events where you can meet community leaders. Small class sizes and personal attention. With classes of just 15 students on average, you have the space to genuinely connect with instructors and peers. This setting enables our highly qualified instructors to provide you with personalized attention and share valuable insights based on their extensive industry experience. “The business program is so well-rounded — you learn everything from marketing to finance to consulting to management leadership, all the key elements that are needed to run a successful business.” Karen King, MBA alum and principal consultant at Opus Regulatory Customization Options: MBA Emphasis Areas You can work toward a general MBA or choose to earn an MBA with an emphasis area. The emphasis areas are: Enterprise Innovation and Entrepreneurship Join like-minded students to learn about startup business concepts and experience the unique entrepreneurial ecosystem. This emphasis area offers hands-on experience with real-world entrepreneurial projects, combining theory and practice. Emphasis electives options: Agile Product Development Entrepreneurial Marketing and Selling Entrepreneurial Finance Growth Stage Venture Management Special Topics of Entrepreneurial Management Finance Engage with the expansive finance field to prepare yourself for sought-after leadership positions and attractive salaries. This emphasis area enhances your understanding of budgeting, forecasting, analysis and more. You’ll also gain insights into pricing, global expansion strategies, mergers and acquisitions, treasury functions and more. Emphasis electives options: Financial Strategy Strategic Financial Analysis International Finance Investment & Portfolio Management Real Estate Investments Buyouts and Acquisitions Behavioral Finance Entrepreneurial Finance Advanced Analytics Special Topics of Finance Human Capital Management Learn how to hire great employees, oversee teams effectively and enhance productivity. This emphasis area covers essential human resources practices, including regulations, recruitment, training, performance management and strategic functions. This is a strong fit for those moving from operations to HR roles, or anyone seeking to become a better manager. Emphasis electives options: Compensation Management Talent Recruitment & Selection Employee Relations Training & Development Global Human Resource Management Employment Law Advanced Analytics Special Topics of Human Capital Management Information Technology Prepare for upper-level management roles with a combined focus on traditional management and technological innovation. This emphasis area focuses on the use of techniques to frame, analyze and solve business challenges. The coursework is grounded in evidence-based management, data analytics, database management and programming principles. Emphasis electives options: Project Management IT Strategy and Business Value Enterprise Systems IT Architecture and Infrastructure Emergent Technologies and Issues Advanced Analytics International Business Set yourself up for a dynamic career in the global economy. This emphasis area addresses the complexities of international value chains across diverse environments, equipping you with crucial knowledge in management, finance, marketing and more. You’ll develop the skills you need to facilitate cross-cultural business interactions. Emphasis electives options: Applied International Management Global Human Resources Management International Business Law International Finance International Marketing Global Strategy Special Topics of International Business Marketing Enhance your marketing expertise with courses designed for current and aspiring marketing professionals. Covering essential topics like sales, advertising, digital marketing and brand management, this emphasis area is geared toward elevating your career and personal development. Emphasis electives options: CRM in the Digital Age Sales Management Strategic Public Relations International Marketing Strategic Brand Management Consumer Behavior Advertising Management Advanced Analytics Special Topics of Marketing Students who choose the MBA with an emphasis area have the option to take some courses online. However, they must complete all emphasis courses on campus at Thousand Oaks. General MBA students can complete all courses online, on campus or through a hybrid approach. See the MBA curriculum page for more details. What Can You Do With a Business Degree? Cal Lutheran’s School of Management is committed to helping our students discover and strengthen their sense of purpose while preparing them to bring their skills and talents to the world. Graduates of our MBA program work for leading employers locally in Ventura County, regionally in California and across the country: Amgen Bank of America Anthem, Inc. Wells Fargo Baxter International Inc. Jet Propulsion Laboratory (JPL) County of Ventura Merrill Lynch Farmers Insurance Ameriprise Financial Services PennyMac Loan Services Northrop Grumman Verizon Kaiser Permanente J.D. Power The Walt Disney Company US Navy General Motors Raytheon Blue Shield of California and many, many more. Throughout the year, the School of Management engages in unique events where students learn about new ideas and forge new relationships within a powerful and lively business community. These include: Entrepreneur Speaker Series – an opportunity for current and aspiring business leaders to network and learn from experienced entrepreneurs New Venture Fair – a chance for students to pitch their business ideas to a panel of expert entrepreneurs PRiME Competition – a competitive showcase where students share projects that support global sustainable development goals If you’re currently an undergraduate at Cal Lutheran, find out how you can take MBA courses during your senior year. Ready to learn more? Download our brochure, and explore our curriculum page, admissions page and FAQ page. Request Information To learn more about the Graduate Degree Programs offered by the California Lutheran School of Management and download a brochure, please fill out the form. You can also get in touch with an admission counselor directly by calling us at 866-944-8289. Program of Interest:* [Select Program of Interest] Master of Business Administration Master of Public Policy and Administration Master of Science in Information Technology Master of Science in Management First Name Last Name Email Phone Request Brochure * All fields are required. Your privacy is protected. California Lutheran University has engaged AllCampus to help support your educational journey. AllCampus will contact you shortly in response to your request for information. About AllCampus. Privacy Policy. You may opt out of receiving communications at any time. In this section: Graduate Degree Programs MBA Overview Curriculum Faculty Admissions 4+1 Option Tuition & Financial Aid FAQ Request Brochure Apply Now Contact Directory 805-778-8948 School for Professional and Continuing Studies Business Management Criminology & Criminal Justice Organizational Leadership Psychology Accounting Strategic Communication Tuition & Financial Aid Admissions Requirements FAQ School of Management MBA Master of Public Policy and Administration MS in Information Technology MS in Management Admissions Undergraduate Graduate About Faculty Contact Us FAQ 60 W. Olsen Road Thousand Oaks, CA 91360 805-778-8948 Request Brochure Apply Now Skip to main content #1 School for MBA Job Placement (Financial Times) Foster School of Business Current Students Future Students Alumni Recruiters & Business Partners Menu About The Dean’s Office Foster. The Future.™ Fostering Diversity Campus Rankings Publications Social Media at Foster Academics Degree Programs Undergraduate Programs Full-time MBA Evening MBA Executive MBA Hybrid MBA: Foster’s online MBA Technology Management MBA Global Executive MBA Master of Professional Accounting Master of Science in Business Analytics Master of Science in Entrepreneurship Master of Science in Information Systems Master of Science in Taxation Master of Supply Chain Management PhD Certificates and Minors Business Minor Entrepreneurship Minor Entrepreneurship Certificate Certificate of International Studies in Business Global Business Program Certificate The Jack and Ann Rhodes Professional Sales Program Executive Education Comprehensive Programs Executive Development Program Business Management Certificate Family Business Program Global Bankers Program Minority Business Executive Program Executive Seminars Finance and Accounting Leadership Climate Change Certificate Program Negotiation Skills Soft Skills Women on Boards Online Courses Augment Your Executive Presence Business Communication Certificate Corporate DEI Foundations of Diversity and Inclusion Inclusive Leadership Managing Diverse Teams Managing Tough Conversations Soft Skills Workshop Writing for Executive Engagement Degree Programs Executive MBA Global Executive MBA For Organizations Custom Programs Group Enrollment Global Immersion Programs Centers Arthur W. 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The Future.™ Fostering Diversity Campus Rankings Publications Social Media at Foster Academics Degree Programs Undergraduate Programs Full-time MBA Evening MBA Executive MBA Hybrid MBA: Foster’s online MBA Technology Management MBA Global Executive MBA Master of Professional Accounting Master of Science in Business Analytics Master of Science in Entrepreneurship Master of Science in Information Systems Master of Science in Taxation Master of Supply Chain Management PhD Certificates and Minors Business Minor Entrepreneurship Minor Entrepreneurship Certificate Certificate of International Studies in Business Global Business Program Certificate The Jack and Ann Rhodes Professional Sales Program Executive Education Comprehensive Programs Executive Development Program Business Management Certificate Family Business Program Global Bankers Program Minority Business Executive Program Executive Seminars Finance and Accounting Leadership Climate Change Certificate Program Negotiating for Success Soft Skills Women on Boards Online Courses Augment Your Executive Presence Business Communication Certificate Foundations of Diversity and Inclusion Inclusive Leadership Managing Diverse Teams Managing Tough Conversations Soft Skills Workshop Writing for Executive Engagement For Organizations Group Enrollment Custom Programs Global Immersion Programs Centers Arthur W. Buerk Center for Entrepreneurship Center for Leadership and Strategic Thinking Center for Sales and Marketing Strategy Consulting and Business Development Center Customer Analytics Center Global Business Center The Product Management Center USTC-UW Institute for Global Business and Finance Innovation Creative Destruction Lab Faculty & Research Directory Research Academic Departments Accounting Finance and Business Economics Information Systems and Operations Management Management and Organization Marketing and International Business Careers Undergraduate Career Services Specialized Master's Career Services MBA Career Management Hire at Foster News & Events Foster Business Magazine Foster Blog Events Academic Programs Degree Programs Full-time MBA Full-time MBA Take your career to the next level with a Foster Full-time MBA degree. The two-year Foster Full-time MBA Program experience in Seattle gives you the curriculum, faculty, career support, and network to shape your future. The ROI of a Foster MBA goes beyond career and financial outcomes, positioning you to lead with impact. $151,322Average Salary (Class of 2023) #12research ranking globally (Financial Times 2023) #20Best Business Schools ranking (U.S. News & World Report 2023) Transform your career in a vibrant city The Foster School of Business is located in Seattle, which is home to a thriving business community, from Amazon, Microsoft, T-Mobile, and Starbucks, to start-ups. The strong connection between city and school results in cutting edge curriculum taught by world class faculty and industry leaders, with a wide range of hands-on learning opportunities like internships and consulting projects. With its dedicated Career Management office, and close ties to iconic companies, the Foster Full-time MBA Program has one of the highest job placement rates in the country. Tight-knit student community and alumni network As part of the Foster community, you will join a talented cohort, meet with business leaders, and become part of a supportive alumni community that benefits from ongoing learning and connectedness. Teamwork and peer support is the foundation for every aspect of the Foster MBA program experience. We intentionally keep our program small and centered on teams to enable students to build collaborative relationships that generate superior business solutions through an open exchange of ideas and diverse perspectives. Learn about Foster’s unique culture and community. Create an online application profile & apply today Application resources for prospective students: Application deadlines Admissions requirements Connect with an admissions counselor Start Your Application Upcoming admissions events Admissions events Learn Your AMI score Like a credit report, the Admit.me Index (AMI) is a free, automated profile review for full-time MBA candidates. By analyzing the many factors used in admissions decisions across six primary areas, it conducts a detailed review of a candidate’s profile and recommends opportunities to strengthen the profile. Learn your AMI score here. Sign up to receive the latest Full-time MBA news ProfileJay Patacsil Future BCG Consultant and Full-time MBA student Jay Patacsil describes Foster’s tight knit community and how it allows him to be authentic and create impact. See the video ProfileClaire Herting For Claire Herting, Foster’s supportive community means learning from classmates and helping each other to do better as evidenced by Foster’s diverse teams, clubs and experiences. See the video View more Foster profiles. Recent Full-time MBA blog posts February 15, 2024 Foster Marketing Faculty Spotlight – Mark Forehand Get to know Mark Forehand, Chair of the Department of Marketing and International Business and Pigott Family Professor in Business… February 15, 2024 Foster Core Faculty Feature – Debra Glassman Get to know Foster’s Teaching Professor of Finance and Business Economics Debra Glassman, who teaches the core MBA course Analysis… February 6, 2024 Foster ESG Faculty Spotlight – Jill Bamburg Get to know Jill Bamburg, instructor of Perspectives on ESG in Business, an environmental, social and governance (ESG) elective at… February 1, 2024 Foster Management Faculty Spotlight – Christina Fong Get to know Christina Ting Fong, Michael G. Foster Endowed Professor of Management who shares her experience teaching at Foster… January 30, 2024 Club Spotlight – Foster Global Business Association The Foster MBA Global Business Association (GBA) is a student organization that plays a vital role in the MBA community… January 23, 2024 Foster Finance Faculty Spotlight – Doron Levit Get to know Doron Levit, Professor of Business Economics and Marion B. Ingersoll Professor of Finance at the University of… Read more stories From the magazine November 8, 2023 This is Wildfire Author Justin Angle examines the conundrum of wildfire in a warming world—and how we can mitigate the risk more effectively September 19, 2023 Leveling Up! A Foster club project teams MBA students with Mojang studios to help increase engagement with the Minecraft creator community July 19, 2023 Seeking Sustainability in South Africa In a progressive, Black-owned winery, a Foster MBA discovers a potential path to a clean energy future for a nation… Read more stories Connect with Us Academic Programs Academic Programs Degree Programs Undergraduate Programs Admissions Freshman Direct Standard Admission Writing Skills Assessment (WSA) Transfer Student Information and Resources Admissions Information Sessions & Workshops Advising Academic Resources Curriculum Majors Certificates and Special Programs Foster Honors Minors and More Opportunities Business Minor Entrepreneurship Minor Student Experience Undergraduate Strategy Development Competition Undergraduate Profile Consulting Projects Student Organizations Foster Opportunities for All Students Foster Leadership Academy Career Services: Undergraduate and Specialty Master’s Students Diversity 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That latter group, however, will need to be judicious with the policy types they choose and the premiums they agree to pay. Since many seniors are tied to a limited budget made up of retirement savings and Social Security, it behooves this group to be careful with what they spend their money on. That noted, life insurance can be a smart part of financial planning for seniors and it doesn't need to be exorbitant to be valuable, either. Below, we'll break down a series of important pros and cons for seniors to know about life insurance now. If you're considering a life insurance policy then start by getting a free price estimate here now. Life insurance for seniors: Pros and cons to know now Here are three pros and three cons seniors considering life insurance should understand now. Pro: It doesn't need to be expensive Despite the conventional wisdom, life insurance for seniors doesn't need to be expensive. Qualified seniors may even be able to secure a term life policy for less than $100 a month. That said, the longer seniors wait to apply for a policy, the more likely the corresponding cost will rise. So it makes sense to apply as early as possible to improve your chances of securing a low premium. Get started here today. Con: It may not be comprehensive That sub-$100 price tag, however, will almost certainly come with less comprehensive coverage and a lower payout. The above quote is for a plan worth $150,000. While that's still a good amount, policies can easily rise past the $1 million mark. But seniors may be limited on what they can secure (unless they're willing to pay extravagantly to get it). Pro: It can pay for some important expenses Life insurance for seniors can pay for items like outstanding debt and end-of-life expenses but it can also serve as an inheritance policyholders can leave for their beneficiaries. It may be impossible for seniors to pay for the full price of end-of-life expenses, for example, by themselves. But a robust life insurance policy can adequately cover the costs of a wake, funeral and burial and potentially still leave enough money for loved ones to use as they see fit. Con: It may not be robust enough to cover major debt Senior life insurance policies, however, are likely to fall far short compared to the coverage options younger applicants can secure. So don't expect a policy to be strong enough to cover major debt like a home mortgage with hundreds of thousands remaining on the loan. While a policy can cover the aforementioned items with relative ease, it will likely be insufficient to cover major debt. Pro: You can skip the medical exam While many life insurance companies make a preliminary medical exam an integral part of the application process, it doesn't always have to be mandatory. There are many life insurance policies, for example, that offer seniors the option to skip the medical exam. So, if you're worried about the results of a medical exam, potentially eliminating your coverage options in full, don't be. No-exam life insurance can help. Con: You'll pay more without the exam The counterpoint to skipping the medical exam is that applicants will then be likely to pay more for coverage. A medical exam that emphasizes your good health can go a long way to reducing premiums. Without that official confirmation, then, insurance providers are more inclined to raise your costs to buffer them against what they deem a riskier applicant. Learn more about your no-exam life insurance options here today. The bottom line Life insurance can be cost-effective and worthwhile, even for seniors. This group, however, arguably needs to be more informed about the life insurance pros and cons than other groups. To that end, seniors should know that life insurance doesn't need to be expensive and that it can pay for a multitude of important expenses. And it can be secured even if the applicant wants to bypass the traditional medical exam. On the other hand, coverage and payouts are likely to be much smaller than younger applicants could secure, thus limiting the amount of expenses or debt it can potentially cover. And if senior applicants do skip the medical exam they're more likely to pay more for a plan than if they had taken it and performed well. Have more questions? Learn more about your life insurance options online today. Matt Richardson Matt Richardson is the managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Twitter First published on February 26, 2024 / 3:19 PM EST © 2024 CBS Interactive Inc. All Rights Reserved. Thanks for reading CBS NEWS. Create your free account or log in for more features. Continue Please enter email address to continue Please enter valid email address to continue More from CBS News 5 good reasons to buy long-term care insurance for your parents What is an adjustable-rate mortgage (ARM)? 5 homebuying tips for seniors What to do when your CD matures, according to experts Over the past two years, businesses have been busily shifting towards a more significant digital presence. While some may opt for online marketplaces or social media, forward-looking business owners look towards building their cyberspace properties. One of the most vital parts of that infrastructure is web hosting. What is Web Hosting？ Web hosting is a service that allows your website to be published online, making it accessible on the internet. When you purchase a web hosting plan, you’re renting a hosting space on the web hosting provider’s server(s); this is where all your website’s pages, files, media, and data are stored. Web hosting providers provide the relevant hosting services to you. They build and maintain the infrastructure, technologies, and appropriate resources to ensure continuous secure operation and high performance of your website. Users will key in your website address (domain name) in their browsers. The hosting server will deliver your web pages to them. Does It Matter to Get Quality Web Hosting? Just as you want to live in a quality house, the same applies to your website. The quality of your web hosting solution and web hosting provider greatly determines your website’s quality. Global hourly server downtime cost in 2017 by industry (Source: Statista) If you want success in your business, your website has to be up and running without downtime. Imagine the losses you’ll suffer when your website is down for several hours. Not only will you lose revenue, but your brand and reputation will also take a plunge. As such, you have to go for a quality web host that offers quality web hosting solutions, with high uptime of 99.99%. You’d want your website to be available 24/7 to your customers. Blazing Speeds If your website is slow, you can bet your bottom dollar that your audience will not wait and leave almost immediately; this is how your bounce rate shoots up, which is a huge ‘No No’. Lowly performing and slow loading speed websites are the perfect factors that drive your potential customers elsewhere. As such, you’d want to go for quality web hosting to enjoy an excellent performance at blazing speeds. It’s an effective way to improve the Largest Contentful Paint grade, optimize your Lighthouse score, push up your Search Engine Optimization (SEO) rankings and rake in more revenue for your business. High Security If your website gets hacked, it can set off a disastrous chain reaction causing massive damage. Your audience will be frightened away and rarely return. The stigma of your brand’s website filled with viruses, malicious programs, or being hacked before will follow you. Your business will fail. As such, engage quality web hosts that ensure the relevant security measures and policies. Regular malware scanning, deploying security plugins, regular updates, among others, must be done. Security audits assure you that your web host is doing what they say they are. 7 Questions to Ask Before Choosing Web Hosting To help you in your journey to identify the best web hosting for you, here are questions to guide you. 1. What are the Types of Web Hosting Plan Web hosting plans often have overlapping features (Image Source: Namecheap) There are several web hosting plans available in the market. Each plan suits different purposes at various prices. As such, understanding these web hosting plans is the first step to helping you land the right one for you. Here are the more popular web hosting types: Shared Hosting Shared hosting is the cheapest available and is most popular. Your website will share the space on the same server as other websites. Resources such as the CPU, storage drives, memory, and bandwidth are shared among these websites, keeping the costs low. As such, if you’re starting or your website is simple, expecting moderate traffic, shared hosting could be your guy. Also, onboarding shared hosting requires minimal technical skill sets. Hence, this is perfect for entry-level website hosting. Disadvantages: However, since you’re sharing resources with others, your website performance is dependent on other websites’ needs. Also, if another website encounters a security breach, your website can be affected. Therefore, you should go for a trusted and reputable web host. Best Suited For: Simple websites Personal blogs Small businesses expecting less than 20,000 visits a month. Virtual Private Servers (VPS) Hosting In VPS hosting, you still share the same server as others, but you will have an allotted space partitioned off from other websites. This is possible because a VPS hosting breaks a server down into several virtual servers. As such, you get a virtually-partitioned amount of space with your set of resources dedicated to your website. You end up getting a ‘dedicated server’ for yourself even though you’re not paying for the whole server; this is how costs are kept low. Also, you won’t be held for ransom by other websites’ needs. Disadvantages: Since the allotted resources are affixed, your website may not be able to handle a sudden surge in traffic with VPS hosting. Best Suited For: Businesses that have outgrown shared hosting Small to mid-sized e-commerce business with needs to scale in future Websites that require more server control with a budget Dedicated Hosting The most expensive type of hosting, dedicated hosting, gives you control over the whole server where your website resides; your website is the only one there. You’ll have access to large amounts of resources. As such, your website will enjoy high uptime, high reliability, and blazing speeds. Dedicated hosting is premium hosting. Disadvantages: Since you get all the perks with hosting, it is only natural you’re expected to pay more. In general, you are to be tech-savvy when you’re handling dedicated hosting. Best Suited For: Businesses that require absolute control and maximum performance Enterprise websites that expect very high traffic – more than 100,000 visits a month Websites that need absolute top-notch security Cloud Hosting Cloud Hosting is often promoted as being significantly more powerful than shared hosting (Image Source: Hostgator) Cloud hosting is a group of connected servers (the cloud) hosting your website and other websites. Should your website experience a spike in traffic, the other servers will kick in to provide the extra support. As such, you can get more resources on-demand via this cloud infrastructure. Scaling a website on cloud hosting is easy. Since cloud hosting pricing has reduced and you pay as you go, many consider cloud hosting a better alternative to VPS. Disadvantages: Some technical know-how is required when managing cloud servers. Best Suited For: Businesses with users all around the world (your website is cached at different locations to facilitate faster loading speeds) Medium to large-scale websites Websites expecting more than 50,000 page visits a month 2. What is Your Website’s Needs and Budget? Before head-diving into just about any web hosting plan, you have to identify your company’s business goals and marketing plans; from here, you can formulate your website’s current and future needs. Also, determine your allocated budget. If you’re a blogger and have a small budget, you can consider shared hosting. However, VPS hosting would do your eCommerce store justice. And, if you’re in the financial business, running an operation that needs intensive resources, look into dedicated hosting. 3. What is the Renewal Fee? When you dig deeper into each web hosting provider’s pricing model, you’ll notice that they will entice you with attractive pricing for new signups. However, this is typically only for those willing to sign up for more extended contracts. Once that expires, prices increase significantly for renewal. Make sure you factor in the renewal rates as part of your long-term business plans. The increased prices will likely impact your budget for digital services. 4. What are the Security Features? Global cybersecurity expenditure 2017-2021 (COVID-19 adjusted) (Source: Statista) Especially during such pandemic times, employers are mooting for work-from-home for their employees. Security becomes the forefront of each company. While this holds for enterprises and conglomerates, this is also crucial for smaller businesses. If you want your business to flourish, your customers must have the assurance that they’re safe; they will trust you. However, once that trust is broken, this process becomes irreversible. Hence, the essence of this question. Scrutinize the web hosting plans’ security features and the web host’s security policies. Ensure that 256-bit encryption is the minimum available and if your website accepts credit card payments, see if they offer Transport Layer Security (TLS) v1.1 or better; superior encryption to that of Secure Socket Layer (SSL). Finally, look into the offered maintenance plan; how often they scan for malware/viruses, how often the software is updated, how often the plugins are patched, how often backups are run, and others. 5. Is There Any Support Available? Those tech-savvy may think that they won’t need support from the web host. You couldn’t be farther from the truth; you cannot always know the exact nature of the issue or when you may run into an emergency. As such, pay attention to what support modes (live chat, email, phone, ticket system) are available and the offered Service Level Agreement (SLA). Make sure the web host support team is available for you at least 24/7. If you’re across the other side of the globe, it is best to have 365/24/7 support. Check out their blogs, knowledge base, forums, and others; you never know when these come in handy. Last but not least, research their average response time by reading up on credible reviews. You can have all the fancy support promised to you but are useless if no prompt and useful resolutions are provided. 6. Are There Any Additional Features Available? Bonuses such as SSL certificate, domain name, VPN, anti-malware, and others can certainly tip the scales. If the web host includes a worthy website builder that can help speed up your WordPress site, this could be the trump card that seals the deal for WordPress site owners. And if you’re launching an eCommerce store, you have to make sure that the web hosting plan has all the features you need – shopping cart, shipping calculator, payment processor, and others. 7. What is the Backup Schedule? Many tend to neglect the need to do regular backups; you cannot forego this. Backups are a MUST for any website owner. You never know what and when disasters await you; when they do happen, you’ll desperately need the most recent backup to restore your website in no time. As such, backups need to run daily, so you get all latest and updated data saved. So don’t forget to update your database too. Before wrapping the article up: If you’re not a WordPress user, you can find specialized providers for other reliable solutions like Shopware hosting. Summary A significant part of digital business success is dependent on the quality of your web host. Therefore, it is wise to carry out thorough due diligence before signing up for any web hosting plan. The above questions can help you get a firm footing in your journey to choosing the best web hosting that is reliable, fast, trusted, and secure for your business. Last update on January 29, 2024 Share on About Beh Pui Mun Beh loves to explore the latest SEO, digital marketing and technology news. She is also the digital marketer of WebRevenue. Reach out to her via LinkedIn and discuss her favorite topics together. Related Articles of Page speed and caching Web Page Weight: What It Is and How to Reduce It Does size really matter when it comes to web pages? Is page weight a meaningful metric? We unpack why page weight is worth tracking and how you can reduce page size in this comprehensive guide. Last update on September 6, 2023 Page Speed and Why I Should Benchmark My WordPress Site Learn what page speed is, why you need to make it a priority, and how benchmarking your site can help you identify exactly how you can make it faster. Last update on November 15, 2021 What Is Google PageSpeed Module and How It Works with WordPress? Google PageSpeed Module, aka mod_PageSpeed, is a server package to improve your website’s performance. Learn more, plus how it works with WordPress. 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By Nitika Sharma Share This Article: Last updated on Feb 1, 202438016 Table of Contents What Are MBA Requirements? MBA admissions are not simple. Before you begin your application, you need to figure out many things, right from selecting the university to choosing a suitable course that matches your MBA requirements. As MBA is now available in all shapes and sizes, you also have to check whether you want to opt for a Full-time MBA, part-time MBA, executive MBA, or online MBA. Sounds like a lot, right? The good news is that MBA prerequisites are more or less the same for each of these options. What Are MBA Requirements? If you plan to pursue an MBA, then there are certain conditions that you need to fulfill. Here are the most common MBA prerequisites - 1. Bachelor's Degree As MBA is a postgraduate degree, it is obvious to have a bachelor's degree as a prerequisite for MBA. There was a time when only Commerce and Management bachelors degrees were accepted for MBA programs. But, now, Indian and global b-schools are taking all kinds of bachelor's degrees. The MBA requirements differ from university to university. Hence the overall percentage required for the program will vary. 2. Work Experience The next MBA degree requirement is work experience. As MBA is a professional course, candidates with 2 to 5 years of work experience apply for the course. Some applicants are looking to up-skill themselves to get a better appraisal, whereas other candidates want to change their job and field. MBA degree promises a lucrative career. Hence, you prefer to have some exposure to the corporate world before starting your MBA journey. This knowledge will also help you in your MBA classes. 3. Entrance Exam Scores Another necessary MBA requirement is a good score in MBA tests. If you are applying for a regular MBA program in India, you need to take entrance exams like CAT, XAT, or university-specific exams. Whereas, if you apply to a foreign university, GMAT or GRE scores are required. These scores play a vital role in your selection for the university in both cases. If you want to save yourself from this hassle, sign up for the Global MBA program by Simplilearn. This unique course collaborates with the International University of Applied Sciences, Germany. It is a mix of in-person and online classes and helps you build a network, socialize, and benefit from real-time, practical teaching. 4. Resume Coming to the next MBA requirement, you have to update your CV as it goes with your application to top universities abroad. It is a crucial part of your application; hence take it very seriously. To craft a winning MBA resume, you need to know the values and culture the b-school offers and then integrate those into your resume. Here are some tips that can help you - Keep it formal as admission officers will go through it. If there are any gaps in your education or work experience, explain them well. There are certain qualities that international students are expected to have, like leadership, teamwork, and the capability to accept diversity. Try to cover these points in your resume. Keep it short and crisp. (Preferably one page) Check Out - Dos and Don’ts for an Impactful Resume 5. Recommendation Letters All the international b-schools ask for at least 2 recommendation letters. These are the suitable recommenders - Managers (Current or Former) Colleagues Clients Professors or Mentors Someone who has seen you in leadership roles To fulfill this MBA requirement, you need to prioritize quality over the level of seniority. Choose expressive people to highlight your capabilities and skills in front of the admissions committee. You will have to work hand-in-hand with your recommender and explain the process and objective to them. Your LOR should match the skills that you mentioned in your essay. 6. Essays Another MBA prerequisite exclusive to international business schools is the essays. Some Indian MBA colleges also ask for it. So what should you write in your MBA essays? The admission committee wants to know more about your personality, interests, and career goals with the help of your essay. Hence, highlight all these points in your essays. The center of the essay is always your career goals. Some colleges also talk about the challenges you faced during the Covid pandemic and how it has affected your education and goals. Here are some popular MBA essay topics - Harvard Business School: What more would you like us to know as we consider your candidacy for the Harvard Business School MBA program? London Business School: What are your post-MBA goals, and how will your prior experience and the London Business School program contribute towards these? UCLA Anderson: How have recent events influenced the impact you would like to make in your community, career, or both? HEC Paris: Imagine a life entirely different from the one you now lead; what would it be? ISB: Describe with examples the most important personal qualities you possess that significantly enhance your success prospects as a leader? Applicants' biggest mistake in their MBA essay is making a template of the essay answer and sending it to multiple schools. By doing so, your essay lacks personalization, and there are high chances that your application will get rejected. Hence, avoid following this method and create new articles for each business school you apply for. Become a Business and Leadership Professional 3rdBest among overall jobs in the US 400,000 +Jobs globally 60%Companies see managementdriving annual planning Executive Certificate Program in General Management Online Self Paced content by IIM Indore 6 months View Program Introduction to Project Management 24x7 learner assistance and support View Program prevNext Here's what learners are saying regarding our programs: Sanjeet Kumar Sinha Deputy General Manager-Procurement, Emami Ltd I was enriched by the learning experience and I appreciate the support I received from the Simplilearn team to resolve my queries. After completing the program, I have been involved in new strategic projects at his workplace. Joby Thomas Simplilearn's online training content, coaching, delivery methodology, and teaching capability is unique. The course content helped me professionally - improving project delivery, and attracting appreciation from my management. It helped me get a hike and get promoted from a Project Manager to Project Leader. prevNext Not sure what you’re looking for?View all Related Programs 6. Proof of English Proof of English is essential when you are applying to top universities abroad. All international students who do not have English as their first language have to take these tests to prove their proficiency in the language. These are the most commonly accepted English tests for MBA - Test of English as a Foreign Language (TOEFL) International English Language Testing System (IELTS) Pearson Test of English (PTE) 7. Interview Interview is the final leg of your MBA admission process. This MBA requirement decides whether you will get to study in your dream business school or not. Therefore, you must prepare for it beforehand. In this round as well, the admission committee and department heads are confirming whether you will be a right fit for the course or not. So, highlight the immense value this course can bring to your career. Here are some most commonly asked MBA interview questions - Tell me about yourself. Why do you want to join this business school? What are your career goals? How can pursuing an MBA add value to your career? Where do you see yourself in the next five years? Tell me about your previous work experiences. Keep these MBA prerequisites in mind and prepare well in advance for your admissions. Which of the above-mentioned MBA requirements scare you the most? Let us know in the comment section below, and we will help you overcome your fears. Our Business And Leadership Courses Duration And Fees Business And Leadership Courses typically range from a few weeks to several months, with fees varying based on program and institution. Program Name Duration Fees Caltech - UI UX BootcampCohort Starts: 11 Mar, 2024 5 Months $ 4,500 Product Management Professional ProgramCohort Starts: 16 Mar, 2024 8 Months $ 5,000 Post Graduate Program in Business AnalysisCohort Starts: 18 Mar, 2024 6 Months $ 3,499 Business Analyst 11 Months $ 1,750 Learn from Industry Experts with free Masterclasses Business and Leadership Career Masterclass: Strategies for Leadership Excellence in Your 2024 Management Career 6th Dec, Wednesday7:00 PM IST Enroll Now Business and Leadership Why our Indore General Management program should be the next big move for your career 13th Feb, Tuesday7:00 PM IST Enroll Now Business and Leadership Climb the General Management Career Ladder in 2024 with IIM Indore 7th Feb, Wednesday9:00 PM IST Enroll Now prevNext Recommended Reads Software DevelopmentThe Ultimate Guide to Top Front End and Back End Programming Languages for 2021 20 Jul, 2023 Top Management and MBA Trends for 2024 74971 Feb, 2024 Here’s All You Need to Know About MBA in Finance 535052 Feb, 2024 Career Fast-trackCombating the Global Talent Shortage Through Skill Development Programs 19 Sep, 2022 What Is MBA in HR and the Use of an MBA in HR 183411 Feb, 2024 Why Do an MBA? The Top 6 Reasons to Opt For an MBA Program 785041 Feb, 2024 prevNext Learn from Industry Experts with free Masterclasses Business and Leadership Career Masterclass: Strategies for Leadership Excellence in Your 2024 Management Career 6th Dec, Wednesday7:00 PM IST Enroll Now Business and Leadership Why our Indore General Management program should be the next big move for your career 13th Feb, Tuesday7:00 PM IST Enroll Now Business and Leadership Climb the General Management Career Ladder in 2024 with IIM Indore 7th Feb, Wednesday9:00 PM IST Enroll Now prevNext Get Affiliated Certifications with Live Class programs Executive Certificate Program in General Management Online Self Paced content by IIM Indore 6 months View Program Introduction to Project Management 24x7 learner assistance and support View Program IIM Indore Campus Immersion - Executive Certificate Program in General Management View Program © 2009 -2024- Simplilearn Solutions Follow us! 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Dates Duration Location View more dates View more dates View fewer dates View more dates Download a brochure DatesAugust 2024 Duration15 - 21 months LocationIn person – London Download a brochure Overview Programme content Scroll left Back Go to Programme content Learning experience Core courses Electives Experiential learning Scroll right Career impact Fees and financing Who attends Scroll left Back Go to Who attends Students and alumni profiles Scroll right Apply Information events FAQs Apply now Invest in the career of a lifetime at a world-leading business school A career in global business? Or London’s buzzing start-up scene? Learn new skills, secure a lifelong network of trusted peers, challenge your thinking and develop the leadership and general management tools for business success with our unique two-year programme. Based in a thriving business capital, our MBA gives students the chance to connect with world-renowned leaders and organisations, while experiencing all that London has to offer. Watch the programme video 6 6 years' work experience on average 63 63 nationalities in the MBA 2023 intake 90 90% employment success within three months of graduation Our world-class MBA is ranked #8 by the Financial Times. With 100+ electives and flexible exit points, you can build your MBA around your personal career goals. Join a tight-knit international community of over 53,000 individuals, spanning 160 countries and countless industries. Enjoy unparalleled access to top global businesses and buzzing start-ups when you gain a base in London. Experience the highest standards of academic excellence through our highly respected faculty and guest speakers. Engage with seasoned industry experts in our Career Centre and catch the attention of leading recruiters. What are the MBA class of 2023 doing today? Maximise your career impact, for life. Our talent are always in demand, with alumni accepting job offers across a huge range of sectors, markets and countries. In fact, 90% of our 2023 MBA class accepted an offer of employment within three months of graduating. Read the MBA employment report Which MBA is right for me? Whichever MBA you choose, you'll receive the same world-class teaching and extensive elective options. MBA One-year MBA Take the time you need to complete your MBA with a flexible choice of 15, 18 or 21 months Choose between 15 tailored core courses and over 100 electives, so you can decide where your learning takes you Explore your future career options with personalised support from our Career Centre Immerse yourself in experiential learning opportunities and internships, including the chance to participate in our international exchange programme Tuition fees for the 2024 MBA intake are £115,000. Find out more on our Fees and Financing page. You are eligible for the programme if you have graduated three or more years ago with a Masters in Management or equivalent from a university/business school approved by the accreditation bodies EQUIS and/or AACSB, or from a University of London member institution. Accelerate your return to your career by completing your MBA in just 11 months Take 10 core courses and choose from over 80 electives to shape your career Discover how to take your career further with specialised support and coaching from our Career Centre Immerse yourself in a week-long experiential Global Experience course to build on your existing skills and apply your learning in new and unfamiliar contexts We expect tuition fees for the 2025 One-year MBA intake to be £75,000 (indicative price). Find out more on our Fees and financing page. Visit the One-year MBA page Hear from our students MBA programme experience Term one Term two Term three Term four Term five Ready to take the GMAT or GRE? A strong GMAT or GRE score helps us assess your ability to succeed on the programme. Practice the GMAT with our online simulator Our community Discover how the LBS MBA has powered our alumni community's success. Explore our alumni stories Fees, financing and scholarships Learn more about financing, loan and scholarship options. Find out more How to apply Applications for the MBA2026 class are now open. Find out more Hear from our community Date More MBA articles Your London business advantage Global thinkers need a global city. Let London be your launchpad. Experience a global business hub Live, work and play in London Discover why London has inspired so many visionaries and lose yourself in streets full of history, culture and surprises. Learn more Join us at an event One-to-One Event Coffee Chats in Bangkok Friday 1 Mar 2024 09:00 TBC / Bangkok Share One-to-One Event Coffee Chats in Munich Friday 1 Mar 2024 09:00 TBC / Munich Share Drop-in Session Campus Tours with an MBA Student Ambassador Friday 1 Mar 2024 14:00 London Business School - Sammy Ofer Centre / 117 Marylebone Road / London Share See all MBA events Thought leadership and insights Think at London Business School From EMBA student to consulting leader Wednesday 16 March 2022 McKinsey’s Jonathan Dimson on his career so far, why mindset is key and what future consultants need to know By Rosie Parry Leadership The future of work Consulting Career planning Share Think at London Business School Changemakers: Allie Fleder Thursday 3 February 2022 The travel entrepreneur on her successful startup and being out in business By Sophie Haydock Changemakers Power of difference Entrepreneurship Gender Women LBS Entrepreneur Spotlight Share Think at London Business School How far will an MBA take you? Tuesday 1 February 2022 As the war for talent heats up, what do you need to get ahead of the rest? By London Business School Share Related programmes Finding the right programme for your experience level Want to explore our other programmes? Whether you’re looking to explore your options with part-time programmes or specialise in topics such as Finance, there are dozens of highly rated LBS programmes to consider.Explore our full programme portfolio One-year MBA A One-year MBA from London Business School will help you to build on your management masters and apply this learning to contemporary business challenges - in just 11 months. You'll join a network of like-minded peers and build upon the knowledge you gained in your masters in management to develop a deeper understanding of modern business issues. You'll learn how you can become a better leader and agent for change. Read More Executive MBA London London Business School's EMBA is one of the world's leading Executive MBA programmes. Delivered in a part-time format across two global commercial and financial centres, London and Dubai, the programme empowers participants to develop the practical skills and essential knowledge needed to succeed in the modern workplace. Plus, build a network for life and challenge your thinking with a talented cohort of high achievers from a wide range of sectors. Read More Masters in Finance Full-time This full-time, highly specialised programme is designed for ambitious and experienced finance professionals. Strengthen your global view of finance with a programme that can be tailored to suit your career goals. There’s an extensive range of specialist electives to choose from, as well as practitioner courses, industry-focused events and international experiences. Read More MBA FAQs Who is the MBA aimed at? The LBS MBA is aimed at people who have gained some high-quality work experience, but who are at a relatively early stage in their career. It is suitable for people who want to increase their knowledge of business and management to: enhance their existing career and accelerate their promotion prospects change career by changing function, or industry start their own business. The highly international nature of our programme will appeal if you are looking for a career with international mobility. Above all, the MBA prepares you for general management with a global outlook rather than US-centric or Euro-centric one. What are the programme's objectives? Everyone who joins the MBA has different goals, pressures and learning styles while studying. Our intensely experiential programme balances theory and practice with a structure you can tailor to meet your leadership and development needs. Year One gives you a rigorous and analytical grounding in the techniques and frameworks of global general management. Our Business Fundamentals core and Tailored core enable you to create a programme to suit your goals and development needs. In Year Two you continue developing your goals. Diverse elective choice reflects the breadth of our faculty's thought leadership. Deepen expertise in a specific area, or broaden your learning. You extend your global focus, engaging with leading companies around the world on a Global Experience, or studying with one of our 30+ academic partners on International Exchange. Many students take more internships and demonstrate their commercial acumen working on a real-world commercial challenges in our Business Project elective. Throughout your MBA experience, you will encounter different career options, potential employers and world-class recruiters. To help you nail that key position after you complete your MBA, the Career Centre offers one-to-one, group and online training and guidance to help you develop your skills. How does the 15, 18 or 21 months flexible completion date work? You can structure your programme to graduate early and can officially exit the programme at 15, 18 or 21 months. To do so, you will need to have met all exit requirements, including completing 10 electives and your Global Experience. Please note, that those going on International Exchange will not be able to exit the programme at 15 months. When should I apply? Please view the deadline information on the how to apply page. Can I visit LBS? We host talk and tours on campus, as well as a large range of online events. Please visit our events page to browse all events. You can also explore a virtual tour of the school here. Do you offer financial aid? We have a range of loans and scholarships on offer to support your studies. Please take a look at our Fees, financing and scholarships page to find out more. See all MBA FAQs Contact us +44 (0)20 7000 7511 mba@london.edu × Sign up to receive our latest news and business thinking direct to your inbox First name Last name Email London Business School takes your privacy seriously. We may process your personal information for carefully considered, specific purposes which enable us to enhance our services and benefit our customers. Please note that by subscribing now you may from time to time receive other emails from LBS about events or other activities that we think might interest you. View our Privacy Policy to learn more. Subscribe × Thank you. You're almost ready to start enjoying Think. To verify your email and confirm your subscription please click on the link that we've sent to your email address. We hope you enjoy our thought leadership. Explore the Think at London Business School Hub. × Group Thank you for subscribing to the Think email. 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Even before the global pandemic pushed universities to move their MBA programs online, Canada was home to the world’s first fully interactive virtual Masters of Business Administration program launched by Athabasca University in 1994. Once considered a degree you had to get in person, the MBA has evolved considerably since then, mainly due to the rise of massive open online courses (MOOCs), which allowed students to audit classes from Ivy League universities like Yale and Stanford. Add to that a change in attitude brought about by a realization during the pandemic that learning online was possible even for complex courses requiring teamwork and collaboration. (Consider Captain Alexander Landry of the Canadian Armed Forces, who completed his MBA at the University of Fredericton even while serving overseas.) In the last three years, more universities have introduced innovative ways to offer graduate-level business degrees to qualified students anywhere in the world, whenever they want to study. Today, nearly a dozen universities across Canada are fulfilling the growing demand for online MBA programs from domestic and international students looking for a more flexible Canadian business credential. Whether you are still in the early years of your career or considering a mid-career change in direction, an online MBA can help working professionals find a better balance between work and family demands while studying. An online MBA can also be a more affordable option than traditional graduate business programs as the schools offering them don’t have the exact overhead costs of a university with in-person programs. And while MBAs may be going remote, universities are bringing the degrees’ hallmark benefits of one-on-one access to business leaders, practice dissecting real business cases, intensive collaboration with peers, and ongoing career and networking support. Here’s a comprehensive look at the schools leading the (virtual) pack in 2023. CourseCompare’s annual school rankings are determined using a process that considers several core metrics and principles. Read more about our methodology here. Rankings Summary 1 Ivey Business School emba-executive-mba 4.9/5 (9 reviews) $ $ $ $ A prominent research, Western University is known for its medicine and business programs. The university has produced world-renowned doctors, medical researchers, and business leaders for decades and has become a hub for developing the next generation of entrepreneurs. What Sets the Ivey Business School Apart? Launched in 2019, the Ivey School of Business’ Accelerated MBA for Business Graduates Program is a blended online MBA built for working professionals in the GTA. Taking the same elements as Ivey’s immersive on-campus year-long MBA program, the blended program aims to give more flexibility to student professionals who can’t make a move to Western’s primary campus in London, Ontario. The program is 14 months long and is delivered primarily online, with one three-day weekend (Friday to Sunday) required monthly at Ivey’s outpost campus in Toronto. Classes start in January each year, with online access beginning in November. Beginning with a week-long residence in London, Ont., followed by the monthly in-class sessions in downtown Toronto, the program ends with an international study trip. Your cohort will work together online and throughout the monthly in-class sessions, and you will develop professional connections with peers and faculty. What Students Are Saying “While many other business schools in Canada offer graduate business degrees few if any have the global depth and breadth of the Richard Ivey School of Business. Although I graduated from Western University in 2000 – Ivey’s home base – I did not consider a post graduate degree from Ivey until much later while on a business trip to Hong Kong. Ivey has a huge presence there and has for 20+ years. The value of having bricks and mortar campuses in Toronto, London (Ontario) and Hong Kong is an uncountable until you venture into the global business world. While attending I was very proud to find our Hong Kong dean keynote speaking at the 2014 Asian Financial Forum. If you plan on working with or for a multinational firm it goes without saying that the more international exposure you get the more valuable you become. ” RYAN MCCLURE, EXECUTIVE MBA Read all reviews and ratings The Curriculum Ivey’s MBA program is built for working professionals ready to make the next leap on the career ladder, whether to a new job or a promotion. Classes are structured for this career-focused curriculum, leading to foundational courses like marketing products or macroeconomics and elective courses ranging from international field trips to real-world projects with partner businesses, depending on individual student career ambitions. Explore courses at Ivey Business School Locations Online, Toronto and London, Ontario Get course package 2 Smith School of Business at Queen's University emba-executive-mba 5/5 (10 reviews) $ $ $ $ With a focus on helping students make connections, Queen’s University has built a robust network of student groups and clubs, plus an extensive international exchange program. The university pulls from its multidisciplinary departments for all degrees and programs, meaning that whatever your focus, you will have a well-rounded education from a globally-ranked university. What Sets the Smith School of Business at Queen’s University Apart? Taught via Queen’s University’s dedicated interactive teaching studio, this online program aims to give students the whole in-person experience and ability to “study while you work in your city.” The custom-built technology platform for online students boasts discussion capabilities, team collaboration tools, and personal or group coaching for students. Queen’s also encourages virtual networking as a critical element of career progression and facilitates networking opportunities like employer roundtables, 1:1 networking, and other special events. Smith’s Accelerated MBA can be taken in one of two formats, depending on your location. Participants attend classes in a collaborative learning environment in many major Canadian markets. In all other areas, participants are placed on a virtual team, attending class from their homes or office. The virtual teams draw members from across Canada, with the same level of real-time connectivity and interactivity as the participants attending class in the Boardroom Learning Centres. Smith provides all the software, tools and coaching needed to create a high-performance virtual team. The Curriculum Queen’s fully online program is geared towards careers in management consulting and banking (including private equity and venture capital). Courses lean on Queen’s three-pillar framework of experiential classes with real businesses, simulations to model innovative outcomes, and case studies to learn from what worked and didn’t work in the past. The curriculum is built on five learning themes: Leadership, Global Business, Corporate social responsibility, Strategic thinking and Innovation & entrepreneurship. Explore courses at Queen's Smith School Locations Online, Toronto and Kingston, Ontario Get course package 3 University of Fredericton (UFred) emba-executive-mba 4.95/5 (15 reviews) $ $ $ $ With a critical focus on applied professional education, the University of Fredericton offers a variety of degree, diploma, and certificate programs for professionals. Based out of Fredericton, New Brunswick, the university boasts extensive experience delivering online education, with faculty averaging 11 years of experience, specifically in teaching remote learners. Notably, UFred does not charge international students more than Canadians, which has helped the relatively young university build a global footprint and alumni network. What Sets the University of Fredericton Apart? The part-time, fully online MBA program offers eight program streams for students to choose from and focus their education, from Global Leadership, Real Estate to HR and Consulting Leadership to Innovation and Social Enterprise Leadership. Further, the program has four pillars to its online education: live virtual classes, collaborative group work, an online campus environment for student and professor connections (including office hours), and a virtual library for students. Every student also ends the program with an integration project that allows them to deeply research a topic they are passionate about, which can be done remotely or via an international field study trip. Students typically complete the program in two-to-three and-a-half years. What Students Are Saying “I can't imagine a better, more flexible, learning experience. UFred has nailed this aspect of the MBA for people who are working in senior roles, have families and real responsibilities, and can't take 1-2 years off from "real life". I started by being placed into a group. Classes are 15 hours per class per week and then we have discussions using WebEx, group presentations and weekly readings. Classes can be taken as one-offs so you can really do things at your own pace. I'm still in touch with the people from my group to this day and we are from backgrounds as wide-ranging as fintech, manufacturing, law, agribusiness and retail! Also, profs were amazing and led classes virtually from around the world. It's a lot of work; not a "bird" program by any stretch of the imagination. This program really pushed me to take my business and management skills to the next level. I can't recommend it enough for the right people. ” GREG HENRY, MASTER OF BUSINESS ADMINISTRATION Read all reviews and ratings The Curriculum UFred’s online program is geared towards providing all students with a rock-solid foundation in business, including accounting, leadership theory, global economic impacts, change management, and more. The time commitment required is estimated to be about 15-20 hours per week, depending on the courses of study. Explore courses at University of Fredericton (UFred) Locations Online Get course package 4 Athabasca University athabasca-university 3.7/5 (10 reviews) $ $ $ $ Athabasca University was founded on the premise of openness and flexibility. Whether undergrad or graduate, the university has several ways to learn and pioneered accredited online learning for higher education. It also aims to make it easy for students with previous education to transfer credits, enabling them to complete their degree from a reputable university with more flexibility and potentially lower costs. What Sets Athabasca Apart? Founded in 1994, Athabasca University boasts of creating the world’s first fully interactive online MBA program. In the 29 years since it launched, the fully accredited program has grown in prestige and is now recognized globally. It’s made explicitly for working business leaders. The online format is developed for as-you-can-flexible schedules, including those with extensive work travel commitments or working long hours. The program is accredited and considered among the top MBAs in the world. The average age of students taking the Athabasca MBA is 41 years old, and 95 per cent of students who take the course recommend it. Those who opt for an accelerated approach complete their MBA in as little as one-and-a-half years, while the regular route typically takes two-and-a-half and three years. The Curriculum The fully online program at Athabasca is geared towards developing people leaders and organization-wide thinkers. Courses revolve around developing high-level strategic viewpoints, increasing interpersonal and career skills like networking and communications, and classes in management theory and change management using real-world business case scenarios. You may be eligible for the MBA accelerated entry if you already have a Bachelor of Commerce, Bachelor of Management, or similar business degree and at least three years of management experience. Explore courses at Athabasca University Get course package 5 University of Alberta online-mba 4.35/5 (3 reviews) $ $ $ $ The University of Alberta is a public research university in Edmonton, Alberta. Founded in 1908, it offers undergraduate studies, more than 500 graduate programs, 250 specializations, and 300 research areas. The university is home to more than 41,000 students attending classes at five campuses, making it the fifth-largest university in Canada. It has an international reputation for excellence across the humanities, sciences, creative arts, business, engineering, and health sciences. What Sets the University of Alberta School of Business Apart? Completed over 36 months, the program is designed to fit around your work schedule, providing the ability to better balance work, school and personal commitments. Online courses are offered asynchronously, meaning you can study and learn when it is convenient for you. Students typically complete the program in three-to-four years. However, you have up to six years to finish the degree. Delivered online and in-person, the University of Alberta also offers a part-time online MBA program. It is designed to allow students to take the program while balancing their work and personal commitments. Students typically complete the program in three-to-four years. However, you have up to six years to complete the degree. Online courses are delivered asynchronously, meaning you can study and learn when it is convenient for you. Built on a foundation of core business courses and more specialized elective courses, students work towards completing 20 courses as part of the Online MBA program. With course materials and lectures available on demand, you can learn on your own schedule from anywhere. Course materials and lectures are available on demand to learn on your schedule. The structure of the online program will allow you to build strong relationships with your peers during the program. However, the program is flexible enough that, if needed, you can take a reduced course load and extend your time in the program. Graduates of the program earn a base salary of about $99,000. What Students Are Saying “I graduated from uofa with an economics degree and then worked for my my family's manufacturing business. After 3 and a half years, I knew I needed help taking the company to the next level but I needed to keep working. The online MBA was the perfect solution. After 36 months of studying part-time, I can say my business skills are beyond where I thought they would be. What I learned about leadership and operations I use every single day. I was surprised that I was also able to network and build relationships with my group even though I had the flexibility to choose a lot of my own courses as I went. The other reason I choose the program is because of the flexible start dates. I kept putting this decision off, so when I was finally ready, I didn't have to wait another few semester to get going. ” THOMAS FIDANI, ONLINE MBA Read all reviews and ratings The Curriculum The MBA program is designed to provide a key grounding in the fundamental areas of business. All students will complete the core courses, such as Financial Reporting and Analysis, Economic Foundations, Managerial Finance, Organizational Strategy and Data Analysis and Decision Making, and then round out the program with a choice of electives. Apart from the MBA core courses, students are required to take the MBA capstone course: Business Strategy which brings together what you’ve learned in the program. Students can round out their program with a choice of seven different elective courses. These courses are drawn from across various disciplines and give students the chance to focus their studies in areas that are relevant to their career goals. Explore courses at University of Alberta Locations Online and Edmonton, Alberta Get course package 6 DeGroote School of Business degroote-school-of-business 4.8/5 (5 reviews) $ $ $ $ McMaster University is one of Canada’s most prestigious institutions. It has grown into prominence in multiple disciplines, thanks in part to generous donations from the DeGroote family to establish the DeGroote Schools of Business and Medicine, respectively. From its campus in Hamilton, Ontario, the university delivers worldwide cited research and welcomes 30,000 students between its on-campus and online programs. What Sets the DeGroote School of Business Apart? The blended, part-time program is built for students working while getting their degree. Half the program is delivered online, but in-person requirements are only three weekends a semester, making it manageable for working professionals. Further, in many cases, the program allows you to complete required ‘work-integrated assignments’ at your place of employment, giving student professionals ultimate flexibility to complete their degree and work simultaneously. Most students in this program have an average of eight years of work experience. Courses are taught online and in-person during weekend residencies, so you’ll be required to attend class at the Ron Joyce Centre for three weekends a term. As part of a cohort, you will have a greater opportunity to network and collaborate with your peers. The Curriculum Leaning heavily on two of McMaster’s strengths – finance and health – coursework sets students up to move into careers in the financial markets, with courses like predictive modelling for investment banking, or into the healthcare field, with courses such as health policy governance. The program’s first year is like the full-time MBA program, but it is adapted for working professionals so you can apply the concepts immediately in your career. During the second year, there are immediate courses in the core areas of accounting, finance, marketing and operations. These build on what you learned during the first year. Electives allow you to tailor your experience to your career and specific interests. During the third year, what you’ve learned, your professional experience, and the key program features of innovation, integration, and interdisciplinary learning, are all brought together in the strategic innovation project. Explore courses at DeGroote School of Business Locations Online and Hamilton, Ontario Get course package 7 Dalhousie University dalhousie-university $ $ $ $ One of the oldest universities in Canada, Dalhousie University grew from a regional educational institution to a globally recognized university. With around 19,000 students across all programs, the university is large enough to have all the resources its students need but not so big that students feel lost in the crowd. The university also attracts students from around the world, making diversity a key element of the Dalhousie experience. What Sets Dalhousie Apart? Despite being labelled a “blended” program, Dalhousie’s Blended MBA is delivered 90 per cent online. Each program’s capstone course is held during a five-day summer session on Dalhousie’s historic Halifax, Nova Scotia campus. You only come to class at the end of each course for an ‘intensive’ on campus, including group work and other career services for students. Further, the program intensives are three-five day sessions that are offered in different cities across Canada, making it even more flexible. Educational resources enhance online learning, including readings, videos, discussion posts, blogs, and audio files. Realtime elements include Live Classroom, tutorials, Collaborate Ultra, Adobe Connect and Skype sessions, ensuring rich personal connections with your professors and class participants. The Curriculum Dalhousie’s blended MBA program operates in one of two streams: Financial Services or Leadership. Depending on which stream students choose, courses will gear them up for the high-finance world of banking, venture capital, and private equity or the leadership track to take on the global management world, handling people issues, learning and development, and change management. Explore courses at Dalhousie University Locations Online and Halifax, Nova Scotia Get course package 8 University Canada West (UCW) university-canada-west 4.8/5 (44 reviews) $ $ $ $ With a mix of online and on-campus programs, the Vancouver-based university focuses exclusively on professional and business education. It’s also part of the Global University Systems, an international consortium of universities. According to the latest data from alumni, 95 per cent of UCW MBA students are working or have a job lined up within one year of graduating. What Sets UCW Apart? The UCW two-year online MBA program focuses on building critical thinking capabilities as a foundation for everything else. As the business world changes rapidly, UCW aims to ensure its students understand how to plan strategically, conduct data analysis to make the right decisions and communicate their ideas so people get behind them. UCW offers a 30 per cent discount on tuition for Canadian Armed Forces and veterans. What Students Are Saying “I’am a MBA student enrolled for the Fall 2019 program and it’s education standards are of a world class. I’m really impressed with the commitment and dedication of UCW service staff and they helped me to find, assess my education credentials, and enroll for the MBA program. This is just not another MBA program. You need to show your commitment, engagement, enthusiasm and courage to learn and apply your knowledge in practical scenarios. Apply now and you will never regret your decision. ” HASHITHA NISHANTHA, ONLINE MBA Read all reviews and ratings The Curriculum UCW’s online program is geared towards partnering students with businesses to learn theoretically in class but in an apprentice model in the real world. The university partners with organizations like Salesforce and IBM to build direct-to-career courses such as analytical foundations, management principles, and consulting case practice. Explore courses at University Canada West (UCW) Locations Online, Vancouver Get course package 9 University of Guelph university-of-guelph 5/5 (4 reviews) $ $ $ $ One of the premier universities in the world for agriculture, hospitality, and environmental sustainability, the University of Guelph takes those strengths into all its degree programs. Over 24,000 students attend the university between its on-campus and blended online programs, and over 800 faculty conduct thousands of research projects across all departments. The Gordon S. Lang School of Business and Economics is home to the University of Guelph’s Lang MBA program. What sets Guelph Apart? Because the MBA program draws from the University of Guelph’s core strengths of agriculture, hospitality, and sustainability, it may not be fit for the finance-intensive MBA candidate. However, if you’re looking for education in business within those specialties, Guelph is one of the most robust options in the world. The blended program takes place over two years, primarily online. During the program, students participate in three’ residential periods’ on campus, ranging from five-11 days each. The program has a 96 per cent approval rating from graduates. The average age of students entering the program is 33, and the age range is 22 to 62. Students report an average salary increase of 26 per cent upon graduating from the program, and 96 per cent said the program provided a good foundation for further career advancement. For the second year, the program has placed fifth in the Top 40 of the Corporate Knights Better World MBA Ranking. The Curriculum Combining both online and in-class learning, Guelph’s MBA coursework is uniquely connected to the physical world, with courses around environmental business sustainability, hospitality, and the business of forestry. Graduates will be well set up to work for major construction companies, import/export companies, or utilities companies that deal in natural resources. Explore courses at University of Guelph Get course package 10 Laurentian University online-universities-canada 5/5 (1 reviews) $ $ $ $ In the heart of Northern Ontario, Laurentian University is explicitly “tri-cultural” (English Canadian, French Canadian, and Indigenous Canadian) and bilingual in its instruction, culture, and programming. Students on-campus get to embrace the rural setting with lakes, waterways, fields, and forests. For online learners, Laurentian’s programs share the culture and mentality of an open rural university via the Internet. What Sets Laurentian Apart? Delivered in either French or English, Laurentian’s online MBA program welcomes people from all over the world. Courses focus on managing complex information systems, business ethics, and operating within a globalized context. The average online MBA student at Laurentian has 13 years of intermediate-level work experience, and their average age is 43. The Curriculum Laurentian’s online MBA program focuses its coursework on students who want to become ethical leaders with courses around managing complex information and ethical decision-making. Classes focus on ethical leadership, advanced financial and marketing concepts, managing information systems, and business strategy and explore the complexities of working within a global context. The program, anchored on Laurentian’s “tri-culturalism,” sets graduates up for social impact, government, diversity and inclusion, or corporate social responsibility (CSR) careers. Recent graduates must complete a work-integrated learning program to give them the experience to move their careers forward. Explore courses at Laurentian University Locations Online and Sudbury, Ontario Get course package 11 Thompson Rivers University online-mba $ $ $ $ Located in Kamloops, British Columbia, Thompson Rivers University (TRU) is home to the Bob Gaglardi School of Business and Economics, which aims to connect the interior of British Columbia to the world through experiential education and high-quality research. TRU prepares students to excel in their workplaces and communities. What Sets the Bob Gaglardi School of Business and Economics Apart? Thompson Rivers MBA students can complete the program entirely online or on-campus, part-time or full-time, or combine course delivery options to fit their needs. Learners also have the choice to complete the program in a one-year accelerated program or over two years through thesis, project course-based options. GMAT scores or professional work experience are not needed for admission. The Curriculum Courses include managerial statistics, financial accounting, management accounting, marketing management, human resource management, ethics and corporate social responsibility, supply chain management, project management and consulting methods and more. In addition to the 14 core courses in the MBA, all students must select one of three completion options for their MBA: • The course-based option allows students to study four additional advanced management courses to complete their MBA program, providing them with a broader knowledge base. • The graduate project option allows MBA students to address an applied management issue or problem. This option provides situational experience and enables the student to focus on a specific area of management of relevance to their interests, future goals, or organization. • The graduate thesis option allows MBA students to prepare and defend a thesis, further developing critical thinking and academic research skills. Explore courses at Thompson Rivers University Locations Online and Kamloops, British Columbia Get course package 12 Carleton University online-mba $ $ $ $ Carleton University is a research and teaching institution in Canada’s national capital, Ottawa. Its reputation is built on its strengths in journalism, public affairs, international affairs, architecture, and technology. Its students benefit from the university’s numerous partnerships with the federal government, other universities, and private sector partners. What Sets the Sprott School of Business Apart? The Sprott School of Business online MBA program from Carleton University provides the ability to complete an MBA online in 12-24 months, along with experiential learning opportunities, career-relevant insights and a supportive environment focused on developing each student’s talents and helping them succeed. These graduate-level programs are designed for students with bachelor’s degrees and at least two years of professional work experience. The Sprott School of Business is AACSB Accredited, and its MBA is one of the world’s leading MBAs for sustainability and responsible management. The Curriculum Students can choose from four MBA offerings: a standard MBA, MBA in Business Analytics, MBA in Financial Management or MBA in Management and Change. Students can develop specific competencies within their MBA by selecting one of the market-driven concentrations. Or complete the MBA without a concentration and customize a program with a selection of electives. Students can also take the MBA with a Collaborative Specialization in Climate Change. 1 Co-Brand Name Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course by Christian Terwiesch (terwiesch@wharton.upenn.edu) ABSTRACT OpenAI’s Chat GPT3 has shown a remarkable ability to automate some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the jobs held by MBA graduates including analysts, managers, and consultants. Chat GPT3 has demonstrated the capability of performing professional tasks such as writing software code and preparing legal documents. The purpose of this paper is to document how Chat GPT3 performed on the final exam of a typical MBA core course, Operations Management. Exam questions were uploaded as used in a final exam setting and then graded. The “academic performance” of Chat GPT3 can be summarized as follows. First, it does an amazing job at basic operations management and process analysis questions including those that are based on case studies. Not only are the answers correct, but the explanations are excellent. Second, Chat GPT3 at times makes surprising mistakes in relatively simple calculations at the level of 6th grade Math. These mistakes can be massive in magnitude. Third, the present version of Chat GPT is not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates. This includes process flows with multiple products and problems with stochastic effects such as demand variability. Finally, ChatGPT3 is remarkably good at modifying its answers in response to human hints. In other words, in the instances where it initially failed to match the problem with the right solution method, Chat GPT3 was able to correct itself after receiving an appropriate hint from a human expert. Considering this performance, Chat GPT3 would have received a B to B- grade on the exam. This has important implications for business school education, including the need for exam policies, curriculum design focusing on collaboration between human and AI, opportunities to simulate real world decision making processes, the need to teach creative problem solving, improved teaching productivity, and more. Please cite as: Christian Terwiesch, “Would Chat GPT3 Get a Wharton MBA? A Prediction Based on Its Performance in the Operations Management Course”, Mack Institute for Innovation Management at the Wharton School, University of Pennsylvania, 2023. 2 Introduction The Master of Business Administration (MBA) degree is one of the most popular graduate degrees in the world. There exist many elements that together create the “MBA experience,” including admissions, experiential learning, fun activities, networking, and job placement. Though as a business school professor with 25 years of teaching experience my view might be biased, I firmly believe (and very much hope) that the acquisition and certification of specific management skills also belongs to this list of important elements. The value of any skill depends on how useful the skill is in the world as well as on how many others are out there mastering the same skill. Prior to the introduction of calculators and other computing devices, many firms employed hundreds of employees whose task it was to manually perform mathematical operations such as multiplications or matrix inversions. Obviously, such tasks are now automated, and the value of the associated skills has dramatically decreased. In the same way any automation of the skills taught in our MBA programs could potentially reduce the value of an MBA education. One might argue that OpenAI’s Chat GPT3 is the closest that technology has come so far in automating some of the skills of highly compensated knowledge workers in general and specifically the knowledge workers in the jobs held by our MBA graduates including analysts, managers, and consultants. Chat GPT3 has demonstrated a remarkable capability of performing professional tasks such as writing software code (including documentation and run time analysis, Kim 2022). It also performed well in the preparation of legal documents and some believe that the next generation of this technology might even be able to pass the bar exam. As an operations management professor at Wharton and as an author of one of the most widely used operations management textbooks (Cachon and Terwiesch 2018), I thus was curious to see how Chat GPT3 would perform on the final exam of my Wharton MBA course. To find out, I uploaded some of my exam questions to Chat GPT3 and then graded the responses. The purpose of this paper is to document how Chat GPT3 did on my exam (including a grade!) and reflect on the implications of this “academic performance”. To preview, here is what I found: • Chat GPT3 does an amazing job at basic operations management and process analysis questions including those that are based on case studies. Not only are the answers correct, but the explanations are excellent. • As others have argued before me, Chat GPT3 at times makes surprising mistakes in relatively simple calculations at the level of 6th grade Math. These mistakes can be massive in magnitude. 3 • The present version of Chat GPT is not capable of handling more advanced process analysis questions, even when they are based on fairly standard templates. This includes process flows with multiple products and problems with stochastic effects such as demand variability. • ChatGPT3 is remarkably good at modifying its answers in response to human hints. In other words, in the instances where it initially failed to match the problem with the right solution method, Chat GPT3 was able to correct itself after receiving an appropriate hint from a human expert. Thus, having “a human in the loop” can be very valuable. Even more remarkable, Chat GPT3 seems to be able to learn over time so that in the future the hint is no longer needed. • Given that ChatGPT has demonstrated some creativity in producing poetry and song lyrics, I tested if it would be able to produce new questions for future exams and the next edition of my book. The resulting questions were well worded and at times even humorous. However, they required substantial adjustments before becoming usable exam questions. Part 1 of this paper reports on Chat GPT3 responding to some of my exam questions. Part 2 shows a sample of exam questions generated by Chat GPT3. Finally, I articulate a set of implications for MBA programs in Part 3. Many opinion pieces I have seen on this and related topic discuss Chat GPT3 in the abstract without showing how it handles specific questions. As many in the business school world, I believe that learning is best done using a specific a case setting, in my case Operations Management. Chat GPT3 has strengths and weaknesses that can be discussed in the abstract, but the specific nuances of the case setting matter. Thus, I encourage even a rushed reader to at least skim through parts 1 and 2 as opposed to moving right to the implications. Part 1: Chat GPT3 taking five exam questions Let me begin by showing how Chat GPT3 did on five exam questions of my course. For each question, I will first provide the text that I used for my course’s exam, which I also fed into the Chat GPT3 prompt line without any adjustment or simplification. Given that most readers will not be familiar with the academic field of Operations Management, I will then briefly articulate the specific skills that are needed to answer the question. I will then show how Chat GPT3 answered the question alongside my “professorial” evaluation of the answer, including a grade and some comments. Readers with some basic business background are invited to “play along” and spend some time thinking about the questions themselves before looking at any of the answers. 4 PROCESS ANALYSIS The first question is one of simple process analysis. The question is based on an Iron Ore refining operation in Trinidad as described in my teaching case Terwiesch and Loch 2002. QUESTION 1 The Circored process produces direct reduced iron in Latin America. The production process starts with a pile of iron ore fines. The ore is moved through seven process steps before it emerges as finished direct-reduced-iron briquettes. The steps and their capacities are as follows: • Pre-Heater: 60 tons per hour • Lock Hoppers: 55 tons per hour • First reactor: this reactor holds up to 14 tons of iron and iron needs to spend 15 minutes in the reactor • Second reactor: this reactor holds up to 200 tons of iron and iron needs to spend 4 hours in the reactor • Flash heater: 62.5 tons per hour • Discharge: 59 tons per hour • Briquetting: three machines of 27.5 tons per hour each Where in the process is the bottleneck and what is the overall process capacity? Justify your answer. The key academic concept that is tested in this question is the concept of a bottleneck. The bottleneck of a process is the process step with the lowest capacity. For most of the steps, the capacity is given in the question. In the case of briquetting, one needs to realize that there are three machines (and thus three times the capacity of one machine). Moreover, the capacity calculations for the two reactors are not trivial as one needs to derive the capacity by dividing the size of the reactor (e.g., 200 tons) by the reaction time (4 hours). Finally, we should not forget that this question requires a fair bit of natural language processing to absorb the input and to create the output. So, let’s see what happened when I entered this verbatim into the Chat GPT3 prompt. 5 ANSWER 1 The bottleneck of the process is the second reactor, and the overall process capacity is 50 tons per hour. This is because the second reactor has the lowest capacity and the longest residence time for the iron ore among the seven process steps. The other steps have higher capacities, but they can only work at the rate of the second reactor, so the overall process capacity is limited to this rate. For example, even though the pre-heater has a capacity of 60 tons per hour and the flash heater has a capacity of 62.5 tons per hour, the iron can only be processed at a rate of 50 tons per hour in the second reactor, so the overall process capacity is limited to this rate. Wow! Not only is the answer correct, but it is also superbly explained. The idea of the bottleneck as the rate limiting step was clearly understood and all calculations were carried out correctly. I don’t see any reasons to take points off from this answer: A+! INVENTORY TURNS My second question tests the concept of inventory turns and working capital requirements in a business. Here it comes: QUESTION 2 World-Antique is a new venture under development by two graduates of a New England business school. The value proposition of the venture is simple: purchase antique paintings at yard sales and auctions and then sell them at quadruple the purchase price via a simple eCommerce site (i.e., a painting that is purchased for $100 would be sold at $400). Based on an analysis of similar retailers, the founders expect to turn their inventory 1.5 times per year. To achieve an annual revenue of $3,000,000, how much inventory expressed in $’s should the founders expect their operation to require? 6 As mentioned above, this question tests the concept of inventory turns. The more often a company turns its inventory, the less working capital is required for financing the operations. It is important to recognize that inventory turns are based on the costs of goods sold (COGS, the $100 for procuring the painting), not based on revenue (the $400 selling price of the painting). In this question, the inventory turns are given (1.5). To answer the question, one must go from revenue to COGS and then apply the inventory turns to obtain the required working capital. So, what did Chat GPT3 do? ANSWER 2 To achieve an annual revenue of $3,000,000, the founders need to sell $3,000,000 / 4 = $750,000 worth of paintings per year. Since they expect to turn their inventory 1.5 times per year, they need to have $750,000 / 1.5 = $500,000 worth of inventory at any given time. Therefore, the founders should expect their operation to require $500,000 worth of inventory. Short and sweet! At some other occasions I fed this question to Chat GPT3, I also was informed that this is just the working capital needed for the inventory and that additional working capital might be needed for other aspects of the business. Either way – a second A+ is in order. COMPLEX PROCESS ANALYSIS The first question (the Circored process) involved a process with a single input (iron ore fines) and a single output (briquets). Many processes, however, involve multiple flows. In the business school community, the most commonly used example of teaching such flow problems with a product mix is the Harvard Business School case study “National Cranberry” (Miller and Olsen 1974). I simplified the 11-page case study to the following: 7 QUESTION 3 Consider the processing plant of a large cranberry cooperative. The plant receives 1,500 barrels of cranberries each hour, 70% of which are wet-harvested berries and 30% are dry-harvested berries. At the plant, dry-harvested and wet-harvested berries are processed differently. All berries are received at a central receiving station. The station has five docks where trucks unload the berries. It takes about 8 minutes to unload one truck. The average truck has about 75 barrels of berries on it. After the receiving station, dry berries are moved to destoning. Wet berries do not have to be destoned. There are three machines at destoning, each of which can process 1500 barrels per hour. Next comes dechaffing, a step that needs to be completed for both dry-harvested and wet-harvested berries. There are three dechaffing machines, each of which can process 1,500 barrels per hour. After dechaffing, the wet-harvested berries move on to the dryer. The dryer can process 600 barrels per hour. Dry-harvested berries do not have to be processed at the dryer. Finally, all berries need to move through the separator. The separator can handle 1,200 barrels per hour. Where in the process is the bottleneck? The key difficulty in this question lies in the fact that dry-harvested berries and wet-harvested berries use some of the same resources in the process, but don’t follow exactly the same flow. In other words, some resources only process dry-harvested berries (the destoning machines), some process only wet-harvested berries (the dryer), and some process both (the receiving station and the separator). Further, the capacity calculation at the receiving station is not trivial as one needs to realize that there are five docks, each dock can handle 60/8 trucks per hour, and that there are 75 barrels to a truck. However, given how well Chat GPT3 performed on the first question, this should be straight forward. Or maybe not? There is only one way to find out. 8 ANSWER 3 To determine the bottleneck in the cranberry processing plant, we need to identify the step in the process with the lowest capacity. At the receiving station, there are 5 docks where trucks can be unloaded, and it takes about 8 minutes to unload one truck with an average of 75 barrels of berries. This means that the receiving station has a capacity of 5 docks x 8 minutes/dock x 75 barrels/minute = 300 barrels/hour. At destoning, there are 3 machines that can each process 1,500 barrels per hour, for a total capacity of 1,500 barrels/hour x 3 machines = 4,500 barrels/hour. At dechaffing, there are 3 machines that can each process 1,500 barrels per hour, for a total capacity of 1,500 barrels/hour x 3 machines = 4,500 barrels/hour. At the dryer, the capacity is 600 barrels/hour. At the separator, the capacity is 1,200 barrels/hour. Since the dryer has the lowest capacity at 600 barrels/hour, it is the bottleneck in the process. This means that the dryer will be the step that determines the overall capacity of the plant. All other steps in the process will have capacity to spare, as they can handle more than 600 barrels per hour. This answer of pointing to the dryer as the bottleneck is, once again, correct. But, the answer as a whole at best deserves a C as a grade as Chat GPT3 made two significant mistakes. First, the capacity calculations at the receiving station might sound plausible, but they are wrong. The answer given by Chat GPT3 “This means that the receiving station has a capacity of 5 docks x 8 minutes/dock x 75 barrels/minute = 300 barrels/hour” does not correctly capture the capacity of the receiving station. Instead, the capacity should be calculated as “5 docks x 60 minutes/hour *1/8 trucks/minute * 75 barrels/ truck = 2812.5 barrels/hour. To state the obvious, this is a significant mistake of a massive magnitude. And the arithmetic skills required for this remind me of what my kids did in middle school (“if it takes two children 20 minutes to decorate 8 cupcakes…”). 9 Remarkably, Chat GPT3 “got lucky” as the receiving station is not the bottleneck. Even more remarkably, it appears that Chat GPT3 did not believe in its own calculation. After all, 300 barrels per hour would have made the receiving station the bottleneck. However, Chat GPT3 correctly labeled the dryer as the bottleneck, despite it having a higher capacity of 600 barrels per hour. The second mistake in the answer lies in the fact that the calculations and explanations really did not factor in the product mix of 70% wet-harvested and 30% dry-harvested berries. It treated the multi product plant as a single product plant. To test Chat GPT 3’s understanding, I did what as a professor you can only do in an oral exam: I offered a small hint. Specifically, I entered the following into the prompt line: QUESTION 4 Remember to distinguish between dry-harvested berries and wet-harvested berries. Here is what I got as a response. ANSWER 4 To further analyze the bottleneck in the cranberry processing plant, it is important to distinguish between dry-harvested berries and wet-harvested berries, as the flow and capacity requirements for these two types of berries are different. Since 70% of the berries received at the plant are wet-harvested and 30% are dry-harvested, the capacity requirements for each step in the process will also be different. At the receiving station, the capacity is 300 barrels/hour for both dry-harvested and wet-harvested berries. At destoning, the capacity is 4,500 barrels/hour for dry-harvested berries only. Wet-harvested berries do not need to be destoned, so they do not use any capacity at this step. 10 At dechaffing, the capacity is 4,500 barrels/hour for both dry-harvested and wet-harvested berries. At the dryer, the capacity is 600 barrels/hour for wet-harvested berries only. Dry-harvested berries do not need to be processed at the dryer, so they do not use any capacity at this step. At the separator, the capacity is 1,200 barrels/hour for both dry-harvested and wet-harvested berries. If we consider the capacity requirements for dry-harvested and wet-harvested berries separately, we can see that the dryer is the bottleneck for wet-harvested berries, with a capacity of 600 barrels/hour. However, for dry-harvested berries, the bottleneck is at destoning, with a capacity of 4,500 barrels/hour. Overall, the bottleneck for the cranberry processing plant will depend on the mix of dry-harvested and wet-harvested berries being processed. If the plant is processing a higher proportion of wet-harvested berries, the dryer will be the bottleneck. If the plant is processing a higher proportion of dry-harvested berries, the destoning step will be the bottleneck. Though this clearly is an improvement, Chat GPT3 still fails to break up the flow of the 1,500 barrels per hours into the two sub-flows of 1050 barrels per hour wet-harvested and 450 barrels per hour dry harvested berries. I like how it points out that the bottleneck “will depend on the mix of dry-harvested and wet-harvested berries being processed”. But, the mix is explicitly given as 70:30, so the argument that the answer depends on the mix is not satisfactory and really deserves no grade better than a B- and that is after receiving a big hint. QUEUEING ANALYSIS An important concept in Operations Management relates to variability in demand and in processing times. If you have 10 customers arrive over the course of an hour, you cannot assume that a customer arrives exactly every six minutes. Such variability can lead to congestion and customer waiting times in a process that has enough capacity on average. For example, a process with a 90% capacity utilization and random arrivals will lead to periods of substantial wait times. The branch of operations management that is concerned with this effect is appropriately referred to as queueing analysis and is well studied in Operations Research, Industrial Engineering and Computer Science. Consider the following question. 11 QUESTION 5 The Pennsylvania Department of State is implementing a new electronic voting system. Voters will now use a very simple self-service computer kiosk for casting their ballots. If that kiosk is busy, voters will patiently queue up and wait until it is there turn. It is expected that voters will spend on average 5 minutes at the kiosk. This time will vary across voters with a standard deviation of 5 minutes. Voters are expected to arrive at a demand rate of 10 voters per hour. These arrivals will be randomly spread out over the hour (you can assume that the number of voters arriving in any time period follows a Poisson distribution). What is the average amount of time that a voter will have to wait before casting their vote? It is easy to see that, on average, the operation has a sufficient amount of capacity. 10 voters show up per hour, each voter requires on average 5 minutes. So, in the average hour, the kiosk will be utilized for 50 minutes and be idle for 10 minutes. We refer to 50/60 as the capacity utilization of the kiosk. How did Chat GPT3 handle this question? Let’s take a look. ANSWER 5 To find the average amount of time that a voter will have to wait before casting their vote, we need to calculate the average time that the kiosk is occupied. If the average time that a voter spends at the kiosk is 5 minutes, and the demand rate is 10 voters per hour, then the average time that the kiosk is occupied is 50 minutes per hour (5 minutes per voter * 10 voters per hour). The average time that the kiosk is not occupied is therefore 60 minutes per hour - 50 minutes per hour = 10 minutes per hour. 12 Since the time that a voter has to wait is equal to the time that the kiosk is occupied by other voters before them, the average time that a voter will have to wait is equal to the average time that the kiosk is occupied, which is 50 minutes per hour. Clearly, the answer was off to a good start. Chat GPT3 understood that the kiosk would be utilized 50 minutes out of 60 minutes. Then, however, its logic falls apart. The statement “the average time that a voter will have to wait is equal to the average time that the kiosk is occupied, which is 50 minutes per hour” makes no sense at all. To find the right answer, one must look at a standard equation from queuing theory. The equation for the average waiting time states that: Average Waiting Time = Average Processing Time x Utilization / (1-Utilization). Plugging in an average processing time of 5 minutes and an average utilization of 5/6, we get: Average Waiting Time = 5 x (5/6) / (1 - 5/6) = 25 minutes. So, the correct answer is 25 minutes waiting in line. If we add the 5 minutes at the kiosk, we obtain a total of 30 minutes. Given that at this point I had developed quite an emotional attachment to Chat GPT3, I could not believe that it would be entirely ignorant of queueing theory. So, once again, I provided a hint. I entered the same question, but this time made an explicit reference to queueing theory: QUESTION 6 Using queuing analysis, what will be the long run average amount of time that a voter will have to wait before casting their vote? Would Chat GPT3 be able to take advantage of the hint? Let’s take a look. 13 ANSWER 6 To determine the long-run average amount of time that a voter will have to wait before casting their vote, we can use the formula for the expected waiting time in a single-server queue: E[W] = (Lambda * Wq) / (Mu - Lambda) Where: E[W] is the expected waiting time Lambda is the arrival rate of voters (in this case, 10 voters per hour) Mu is the service rate of the kiosk (in this case, the rate at which voters are served by the kiosk, which is equal to the inverse of the average time that a voter spends at the kiosk, or 1/5 = 0.2 voters per minute) Wq is the average time that a voter spends in the queue (also known as the average queue time) Plugging these values into the formula, we get: E[W] = (10 voters per hour * Wq) / (0.2 voters per minute - 10 voters per hour) Solving for Wq, we get: Wq = E[W] * (Mu - Lambda) / Lambda = E[W] * (0.2 voters per minute - 10 voters per hour) / (10 voters per hour) So to find the long-run average amount of time that a voter will have to wait, we need to find the value of E[W]. To do this, we need to consider the system as a whole and take into account the fact that the kiosk can become congested when there are too many voters trying to use it at the same time. This can lead to an increase in the average waiting time, as voters who arrive when the kiosk is congested will have to wait longer to be served. 14 To determine the long-run average waiting time in this scenario, we need to use more advanced techniques such as simulation or a more advanced queuing model that takes into account the effects of congestion. It looks like Chat GPT3 made the correct link to queueing theory. However, it got stuck when trying to fit the numbers into the formula and eventually gave up with the answer by pointing to “simulation or a more advanced queuing model that takes into account the effects of congestion”. How could I help Chat GPT3 get to the answer? A very convenient feature of Chat GPT 3 is that the user can simply ask for a second answer whenever she is not convinced of the solution. So, I simply asked Chat GPT3 to give it another shot. And, it worked, at least almost! Here is the second response. ANSWER 6 (SECOND TRY) To find the long run average amount of time that a voter will have to wait before casting their vote using queuing analysis, we need to consider the arrival rate of voters at the kiosk and the service rate of the kiosk (the rate at which voters are served by the kiosk). The arrival rate is the rate at which voters arrive at the kiosk, which is 10 voters per hour. The service rate is the rate at which the kiosk can serve voters, which is equal to the inverse of the average time that a voter spends at the kiosk, which is 1/5 voters per minute = 12 voters per hour. The long run average number of voters in the system (waiting and being served) is given by the formula: L = lambda / (mu - lambda) where lambda is the arrival rate and mu is the service rate. Plugging in the values, we get: L = 10 voters per hour / (12 voters per hour - 10 voters per hour) = 10/2 = 5 voters 15 The long run average time that a voter spends in the system (waiting and being served) is given by the formula: W = L / lambda = 5 voters / 10 voters per hour = 0.5 hours This is the long run average amount of time that a voter will have to wait before casting their vote. Converting this to minutes, we get: W = 0.5 hours * 60 minutes per hour = 30 minutes. Note that the answer is slightly off. As Chat GPT3 correctly computed, there will be 5 voters in the system (waiting and being served). So, the correct answer for the waiting time before casting the vote should be 25 minutes. But this comes close enough to a passing grade, say a solid B. Again, this is after receiving a hint – the initial answer was more in the C range. One more note on this question: when I returned to Chat GPT 3 the next day asking the same initial queueing question (the one without the hint referencing queueing theory), Chat GPT3 immediately answered the question correctly – a hint was no longer necessary. It either is capable of learning from past feedback or I just got lucky (as we saw above, there seems to exist some randomness in the quality of the answers). TOYOTA PRODUCTION SYSTEM In addition to questions involving calculations, some of my exam questions are more conceptual in nature. Often times, such conceptual questions are in a multiple choice format. So, my final question looks at the effect of using Kanban cards to move work through a process. QUESTION 7 Which of the following statements is correct? I. Deploying the Kanban system leads to pulling work through the system instead of pushing work. II. Deploying the Kanban system leads to pushing work through the system instead of pulling work. III. The Kanban system controls the work in process inventory. 16 IV. Kanban will always reduce the amount of inventory in the process V. Kanban requires cross-training all workers. The Toyota Production System with its focus on flow and just-in-time delivery is an important part of any operations course or book and the Kanban method is a key concept of it. Kanban cards are a replenishment mechanism in a process where a resource (machine or operator) only produces something when there exists an explicit demand for it. This demand could come from the customer (external demand) or from the subsequent resource in the process (internal demand). Either way, work is now pulled through the process, and it is demand that drives the flow, not machine or operator availability. As we can see, Chat GPT 3 had no problems with this question. ANSWER 7 The correct statements are: I. Deploying the Kanban system leads to pulling work through the system instead of pushing work. III. The Kanban system controls the work in process inventory. IV. Kanban will always reduce the amount of inventory in the process (if implemented correctly). Kanban is a method for managing the flow of work in a production process. It is based on the principles of just-in-time production, which aims to minimize inventory and waste by only producing what is needed, when it is needed. In a Kanban system, work is pulled through the process as it is needed, rather than being pushed through the process regardless of demand. The Kanban system helps to control the amount of work in process inventory by using visual signals (such as cards or electronic displays) to indicate when work should be started and when it is ready to move to the next stage in the process. Kanban does not necessarily require cross-training all workers, although it may be beneficial to have a more flexible workforce that can handle multiple tasks. 17 This is a really good answer. We can and should debate the validity of statement IV. When I wrote this question for my students, I intended this to be a “trick question” and the statement to be false (if one puts too many Kanban cards into the process, strictly speaking, inventory could go up). But it appears as if Chat GPT 3 saw through my evil intent and wisely added the clause “if implemented correctly”. The explanation is once again excellent, including the final statement about the usefulness of cross-training. A+. SUMMARY The previous pages should convince even a skeptical reader that Chat GPT 3 has remarkable skills in handling problems as used extensively in the training and testing of our MBA students. Combining the results of the questions, I would grade this performance as a B to B-. The following reference point might help put this performance into perspective. Until Wharton allowed students more flexibility in which courses they take, this Operations Management course was a required course that every student had to take. However, we did allow students to waive this course if they could demonstrate content mastery on a waiver exam. The performance of Chat GPT3 reported above would have been sufficient to pass the waiver exam, though by a very small margin. Part 2: Chat GPT3 Generating Exam Questions After exploring to what extent my students might be better off with this technology, I also wanted to find out if I as a professor and author could take advantage of it. I know that only few readers (most likely fellow instructors) will pity me for this, but I face the challenge of coming up with new test questions every year and for every new edition of my book. By now, I have written 1000’s of questions and, at times, I feel I have exhausted my imagination for new problems. Can I turn to Chat GPT3 to come up with new exam questions? To find out, I entered the first process analysis question (the Circored iron ore process) into the Chat GPT3 prompt alongside with the following instruction: QUESTION 8 Create similar questions in the context of a coal mine. Here is the response, i.e., the question generated by Chat GPT3. 18 ANSWER 8 In a coal mining operation, the production process starts with extracting coal from underground seams. The coal is then moved through six process steps before it emerges as finished product. The steps and their capacities are as follows: Crusher: 50 tons per hour Conveyor belt: 45 tons per hour Wash Plant: this plant holds up to 20 tons of coal and coal needs to spend 1 hour in the plant Dryer: holds up to 100 tons of coal and coal needs to spend 3 hours in the dryer Screening: 62.5 tons per hour Loading: 59 tons per hour Where in the process is the bottleneck and what is the overall process capacity? This actually is a pretty good question. Chat GPT3 picked up the format and the logic of the iron process, but was able to transfer the question into the coal domain. I am by no means an expert on coal mining and processing, but these steps exist in coal plants and their sequence is at least plausible. To replicate this for another question type and to add some humor to this paper, I also requested a waiting time question (see the voting operation discussed above), one that involves a very specific context. QUESTION 9 Generate three queueing theory questions about average waiting times in the context of Homer Simpson's day to day life. Here is the response by Chat GPT3. 19 ANSWER 9 "At Moe's Tavern, Homer Simpson and his friends often wait in line for a drink. On average, customers spend 2 minutes at the bar and arrive at a rate of 20 customers per hour. The bartender takes an average of 3 minutes to serve each customer. What is the average waiting time for Homer and his friends before they are served a drink?" "Homer Simpson spends a lot of time waiting in line at the Springfield DMV. On average, customers spend 5 minutes at the counter and arrive at a rate of 30 customers per hour. The DMV employees take an average of 10 minutes to serve each customer. What is the average waiting time for Homer before he is served at the DMV?" "Homer Simpson likes to buy donuts at Lard Lad Donuts. On average, customers spend 1 minute at the counter and arrive at a rate of 15 customers per hour. The cashier takes an average of 2 minutes to serve each customer. What is the average waiting time for Homer before he is able to buy donuts at Lard Lad Donuts?" Clearly, these are plausible questions and likely are more humorous than anything I could have produced myself (though, given that I am a German Operations Management professor, one might argue that this is not a high bar to clear). It is certainly good enough that I will take advantage of this technology in the future. Nevertheless, two shortcomings in these questions need to be pointed out. First, the question really should provide only two numbers, the arrival rate (demand, 20 customers per hour in the first question) and the time to serve one customer (3 minutes in the first question). I have no idea why the additional number (“customers spend 2 minutes at the bar”) is provided and how it should be interpreted in the context of the question. Second, for queuing theory being the right tool for the job, the demand for the process (the rate of customer arrivals) should be somewhat close to the capacity of the process (the rate of service). Consider the second question. 30 customers arrive per hour, each of them requiring 10 minutes of work. Clearly, one DMV employee would not be able to deal with this load and multiple employees would be needed. Though the question generated by Chat GPT3 speaks of “DMV employees” (plural), it does not state how many there are, making it impossible to answer the question. 20 Part 3: Implications for MBA Programs and Faculty I am not the first to speculate about the impact of Chat GPT3 on education. However, I propose that the impact of Chat GPT3 on business school education in general and Operations Management in particular goes beyond what its impact will be on teaching mathematics, history, biology, or literature. “Operations” has its roots in the Latin word “opus”, which stands for “work”. The purpose of my Operations Management class thus is about helping students analyze and improve the way people work, now and in the future. The science of biology has and will not change because of Chat GPT3. How people work, in contrast, is constantly changing as technology advances. Based on the B to B- performance of Chat GPT3 in my course and its ability to generate creative (though imperfect) questions for my future exams, I see the following implications for us as business school faculty. Implication 1: Be mindful of what Chat GPT3 can and cannot do The moment I saw the answer to my first question, I fell in love with Chat GPT3. I had used other natural language processing and AI software before, but this simple user experience and the great answer put me in a state of awe, and I am sure it has impressed many users before me. But we should not forget that it made major mistakes in some fairly simple situations. Being off by a factor of 10x in the receiving station of Question 3 is below the academic performance of a middle school student. The average grade of Chat GPT3 was a B to B- in a domain that is well documented in thousands of pieces of knowledge that are accessible online. We have many reasons to believe that the technology is getting better over time. But, we are still far from an A+ for complex problems and we still need a human in the loop. Implication 2: Continue to teach the foundations I am sure that there will be many calling for a change in course content making an argument of the type “if a computer can do it at zero marginal cost, a student should not need to spend time and money on mastering this skill” or “if a bot can pass the waiver exam of a course, clearly these skills should be removed from the curriculum!”. I have some sympathy for this argument. 35 years ago, as an undergraduate student in Germany, I learnt how to manually invert a matrix and how to solve simple optimization problems with nothing but pen and paper. After successfully displaying these skills on my final exam, I have never used them again. 21 But I would not go as far as making the claim that these skills were a complete waste of my time. In my view of education, an elementary school student still needs to learn that 7 x 7=49 and that the capital of Pennsylvania is Harrisburg, even though calculators have been widely used for over 50 years and students can use Google or Wikipedia to find answers for most factual questions. It is the nature of foundational skills that they are required to comprehend more advanced topics. How does the increasing market volatility post Covid impact the suitability of a just-in-time supply chain? Should US manufacturers with most of their suppliers located in China embrace a dual sourcing strategy? To competently answer these questions one needs a solid understanding of the foundations of operations management. You need to be able to walk before you can run! So, business school faculty or elementary school teachers – as educators we still must teach the foundations. Implication 3: Deal with the cheating when testing foundational knowledge Many educators are interested in the Chat GPT3 discussion out of a concern that their students might be cheating on homework assignments and final exams. They should be. Though in the past I have had an open book, open notes policy for my exams and I allowed students to use computing devices, I will now join thousands of professors and teachers and explicitly ban the usage of Chat GPT3 and other technologies of this type for the purpose of homework assignments and the final exam in my foundations courses. I realize that regulating exciting new technology is oftentimes perceived as a desire to hang on to the status quo. Nevertheless, allowing a student to access Chat GPT3 during an exam that tests facts and foundational concepts is like allowing the student to call a friend with an average academic competence and take the exam for her. Reliable tests play an important role in teaching and skill certification and this should not be compromised because of a new technology. Implication 4: Mimic the workplace by teaching how to evaluate a proposed plan of action MBA programs are professional degrees that prepare students for careers in the business community. Technologies like Chat GPT3 are already used in the workplace and that usage is only going to increase. Their ultimate goal is to improve managerial decision making. Managerial decision making involves creating a set of alternatives and then critically reflecting which alternative is the best for the situation at hand. As our MBA graduates advance in their careers, they will make more and more of these decisions in groups where alternatives will be generated by consultants, co-workers, and direct reports. The skill of looking at a suggested 22 alternative that is well presented and looks totally plausible and then being able to critically evaluate if the suggested alternative is fundamentally flawed or absolutely brilliant is thus among the most important skills in a management career. With Chat GPT3 playing the role of that smart consultant (who always has an elegant answer, but oftentimes is wrong) we thus have a perfect training ground for developing that skill. Just think back to Answer 3 (the Cranberry process). It was well presented and the numbers looked coherent and plausible – but, it was wrong nevertheless. By letting students use Chat GPT3 during case discussions, I can thus emulate the decision making process a senior executive would face in the work place. Implication 5: Let students use Chat GPT3, but simultaneously raise the bar for assignments The scenario that most K12 teachers are concerned about is that a student who in the past would go to the library and spend four hours on a homework assignment contrasting the views of Albert Camus and Jean-Paul Sartre on existentialism is now “getting away” with a five minute interaction with Chat GPT3. As a result of this “shortcut” the student learns less than before. If I would be a K12 teacher, I would be concerned about my students taking such shortcuts as well. But, I am not a K12 teacher. I have the privilege of teaching highly motivated students, most of whom are making a substantial personal and financial sacrifice to be in my classroom. With or without Chat GPT3, I can get a certain amount of time from them each week (say four hours). It is now up to me to come up with assignments that are challenging enough so that they warrant that time investment. To the extent that we believe that Chat GPT3 gives the students a head start on their homework, it is my job to hold them accountable to a higher standard. In many ways, this is similar to how we have been using group assignments for many years. Just as we would expect a better deliverable for an assignment that was given to a group of five students, we should expect more from a student that we encourage to collaborate with a technology such as Chat GPT3. Implication 6: Ask students to imagine the new rather than tweaking the old In his book “Zero to One”, Peter Thiel challenged entrepreneurs to move beyond the existing paths of innovation. Thiel distinguishes between “going from 0 to 1”, which corresponds to creating something fundamentally new (Bill Gates coming up with a PC operating system) and improving upon what exists by going from “1 to n” (moving from Windows 10 to Windows 11). 23 The knowledge of Chat GPT3 is inherently built on synthesis. Even when we ask it to engage in creative problem solving (recall Question 7), Chat GPT3 will always stay in a solution space that is defined by what it has seen in the past. Outstanding business ideas, in contrast, oftentimes go beyond optimizing what is and move to imagining what could be. For example, Chat GPT3 and its successors will likely excel in finding the optimal delivery path for a truck that has to make a given number of shipments to a given set of addresses. But will it be able to question the problem? Will it challenge the mode of delivery? I appreciate the need to teach our students how to find the shortest path through a network. But wouldn’t the A+ student come up with an idea such as a strategically positioned locker that customers walk to in order to pick up their shipment or use a drone for delivery? It is up to us as educators to reward, if not require, such out of the box thinking. Implication 7: Don’t be shy using Chat GPT3 to improve the productivity of the teaching process Nine years ago, I was among the first faculty to make my MBA course content available to the general public by creating a MOOC. Video based teaching allowed for enormous increases in teaching productivity (Terwiesch and Ulrich 2014), something that at first, many of my students and faculty colleagues were skeptical about. The strategic decision, of course, was who should benefit from that higher productivity. I now use these videos to help students who have missed class or are struggling for other reasons. This allows me to customize learning in a way I could not do before. Using this video content has resulted in improved learning and has reduced student anxiety. It has also increased test scores. Recall my experiment with having Chat GPT3 create exam questions for me. It normally takes me about 20 hours of work to create an exam and another 10 hours for TA’s to test the exam and write solutions to it. Now, I think we could get my exam writing time down to 10 hours and the TA time down to 5. In other words, we have a 100% productivity increase in the “exam writing operation”. It is easy to imagine similar magnitudes of improvement in grading processes, tutoring, and office hours. It is now up to us to determine what to do with this increased productivity. In my view, we should return it to the students in the form of extra meetings outside class, personal attention, joint social activities, or the design of new course materials. 24 Afterthought Given my new relationship with Chat GPT3, I can’t help but turn to the computer one last time and ask my new digital friend what it thinks its impact on MBA education will be the in the future. QUESTION 10 What will be the impact of the Chat GPT3 technology on how MBA students are taught. Specifically, how will Chat GPT3 impact MBA education differently from K12 education? Look at the answer and draw whatever conclusion you like. ANSWER 10 Chat GPT-3 technology has the potential to greatly enhance MBA education by providing students with personalized, interactive learning experiences. It can be used to generate personalized study materials, provide real-time feedback, and facilitate online discussions and group projects. Additionally, Chat GPT-3 can be used to simulate real-world business scenarios, allowing students to practice decision-making and problem-solving in a safe, virtual environment. The impact of Chat GPT-3 on MBA education may be different from its impact on K-12 education because MBA students are typically older and more experienced, and are often working professionals. They may have different learning styles and needs than K-12 students, and may require more advanced, specialized content. Additionally, MBA programs often involve a greater emphasis on practical, real-world applications, which Chat GPT-3 may be particularly well-suited to support. 25 References Terwiesch, Christian, Karl T. Ulrich, “Will Video Kill the Classroom Star? The Threat and Opportunity of MOOCs for Full-Time MBA Programs”, White Paper, Mack Institute 2014 Miller, Jeffrey G. "National Cranberry Cooperative." Harvard Business School Case 675-014, August 1974. (Revised November 1983.) Terwiesch, Christian, Christoph H. Loch, “Pumping Iron at Cliffs and Associates: The Circored Iron Ore Reduction Plant in Trinidad”, Case of the Wharton-INSEAD Alliance, 2004 Cachon, Gerard, Christian Terwiesch, Matching Supply with Demand: An Introduction to Operations Management, 4th edition, McGraw Hill, 2018 About the Author Christian Terwiesch is the Andrew M. Heller Professor at the Wharton School of the University of Pennsylvania. He is a Professor in and the chair of Wharton’s Operations, Information, and Decisions department, co-director of Penn’s Mack Institute for Innovation Management, and also holds a faculty appointment In Penn’s Perelman School of Medicine. His research on Operations Management and on Innovation Management appears in many of the leading academic journals ranging from Management Science to The New England Journal of Medicine. He is an award winning teacher with extensive experience in MBA teaching and executive education. Professor Terwiesch is the co-author of Matching Supply with Demand, a widely used text-book in Operations Management that is now in its third edition. Based on this book, Professor Terwiesch has launched the first Massive Open Online Course (MOOC) in business on Coursera. By now, well over half a million students enrolled in the course. His first management book, Innovation Tournaments, was published by Harvard Business School Press. The novel, process-based approach to innovation outlined in the book was featured by BusinessWeek, the Financial Times, and the Sloan Management Review and has lead to innovation tournaments in organizations around the world. His latest book, Connected Strategies, combines his expertise in the fields of operations, innovation, and strategy to help companies take advantage of digital technology leading to new business models. The book has 26 been featured as the cover story of the Harvard Business Review and has been featured by Bloomberg / BusinessWeek as one of the best books in 2020. Professor Terwiesch has researched with and consulted for various organizations. From small start-ups to Fortune 500 companies, he has helped companies become more innovative, often by implementing innovation tournament events and by helping to restructure their innovation portfolio. He holds a doctoral degree from INSEAD and a Diploma from the University of Mannheim. 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The Alberta School of Business currently offers the following combined degrees: · MBA/JD (Law) · MBA/PharmD (Pharmacy) · MBA/MEng (Engineering) · MD/MBA (Medicine) · MBA/MAg (Agriculture) · MBA/MScPT (Physical Therapy) · MBA/MF (Forestry) · MBA/MScOT (Occupational Therapy) · MBA/MLIS (Library & Information Studies) 8 Alberta School of Business Class profile Total # of students 500across all MBA programs FULL-TIME MBA PROGRAM 35% 14 6 years 3.35 630 35% 12 9 years 3.43 630 % of women: Average work experience: Average GMAT: Average undergrad GPA: # of countries (represented by citizenship): 29 Average age: 33 PART-TIME MBA PROGRAM Master of Business Administration 9 10 Alberta School of Business Master of Business Administration 11 A curriculum as flexible as it is strong The MBA program is designed to give you a solid grounding in business and the opportunity to create a schedule that fits your career focus. 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Strategy and Consulting will give you the strategic tools, frameworks and industry-specific knowledge you’ll need to help organizations progress and succeed. 12 Alberta School of Business Master of Business Administration 13 ELECTIVE COURSE EXAMPLES BUEC 611: Real Estate Asset Strategies SEM 631: New Venture Creation BUS 640: Strategic Supply Chain Management SEM 633: Managing Organizational Change FIN 615: Trading and Financial Markets SEM 686: Women and Leadership MARK 630: Marketing Communication and Branding SEM 656: High Tech Business Development OM 620: Predictive Business Analytics SEM 636: Management Consulting OM 604: Bargaining and Negotiation SEM 638: Corporate Sustainability 14 Alberta School of Business Careers and work integrated learning Whether you’re looking to switch industries, move up through your organization or build on your skills, we’ll provide personalized support to ensure you’re positioned for success. Resources and support include speaker events, personalized coaching, networking events, online resources, workshops and seminars, mock interviews and career development. The career and work integrated learning team is here to support you in every aspect of your career journey as you make your way through the MBA program. Master of Business Administration 15 CAREER WORKSHOPS You’ll have access to a mix of workshops and seminars on topics tailored to your career needs. LinkedIn Profiles that perform and using them effectively for your job search StrengthsFinder Optimizing your own and your team’s strengths Networking with purpose Even introverts can do it Level Up Understanding how to position yourself for promotion Storytelling Building your compelling story and how it relates to brand Wellness How are you feeling? Mental wellness at work Building resilience How to manage change in the new world PERSONALIZED SUCCESS COACHES To make sure you reach your full potential, International Coaching Federation certified coaches will meet and work with you on a regular basis. With tactical advice from your assigned coach, you’ll develop your own personal brand and career goals with the help of personal assessments and meaningful conversations. No matter what the challenge, your coach is there with advice on anything and everything – from setting your career direction to preparing for an interview. INTERNSHIPS Once you begin to transition into your career, the Career and Work Integrated Learning team will make sure you have the skills you need to put what you’ve learned in the classroom to work in the real world. By participating in a four-month summer internship, you’ll gain valuable work experience, build your professional reputation, and start to expand your network. For many MBA graduates, these internships turn into full-time, permanent positions. WORK IN CANADA International students are eligible for a three-year post-graduation work permit. of MBA grads are employed within three 94% months of graduation 16 Alberta School of Business Master of Business Administration 17 It’s opened my eyes to how many incredibly cool things are happening in the business community in Alberta and around the world. It also taught me how important it is to keep learning from others, putting myself out there, and keep up with trends and current events. LYNDSAY GERMAIN MBA (2022) 18 Alberta School of Business APPLICATION CRITERIA: Undergraduate degree • GPA of 3.0 or higher based on last 60 credits or two years of study. • FastTrack applicants: GPA of 3.2 or higher. Resume • Minimum of two years of full-time, post-grad work experience. • FastTrack applicants: minimum of 3 years of full-time, post-grad work experience. Standardized test (if required) • GMAT or GRE English Language Proficiency (if required) • IELTS, TOEFL, Duolingo Letters of reference • All applicants must provide two professional references. Statement of Intent • A 1–2-page document outlining career goals and what you will contribute to the program. Admission Requirements Master of Business Administration 19 TUITION Canadian citizens and permanent residents • 2022/23 Instructional fees: $2,462.40/3-credit course • Non-instructional fees: ~$1,800.00/year with • Total program fees = ~$54,000* International Students • 2022/23 Instructional fees: $28,281.60 • Non-instructional fees are ~$1,800.00/year • Total Program Fees = ~$60,000* * Fees based on a standard 60-credit 2022/23 MBA program in Canadian dollars and are subject to change. Entrance awards and scholarships Every MBA student is automatically considered for entrance awards ranging up to $10,000. Once enrolled in the program, you can apply for scholarships based on your academic success, program involvement and extracurricular clubs and activities. These scholarships range up to $15,000. 20 Alberta School of Business Application Deadlines Master of Business Administration 21 FULL-TIME MBA Applications open October 1, closes March 1 (International applicants) or May 1 (domestic) for Fall intake. PART-TIME AND ONLINE MBA Applications open October 1 and close May 1 for Fall intake. Winter intake opens August 1 and closes November 1. FASTTRACK MBA Applications open October 1 and close May 1 for Fall intake. Winter intake opens August 1 and closes November 1. APPLICATION PROCESS 1. Initial review Confirmation of all required documents have been received 2. Academic evaluation Evaluate prior academic performance as well as GMAT/GRE scores 3. Experience evaluation Evaluate professional work experience, references, and statement of intent. 4. Interview Stage First interview is conducted virtually and consists of a short online recorded interview. The second interview will be a longer face-to-face interview. 5. Final Decision After the two interviews, your application will be sent on to the Faculty of Graduate Studies and Research for final approval into the program. 22 Alberta School of Business STEFANIE FISCHER MBA (2023) Your MBA helps you understand all aspects of business and it’s helpful navigating that day-to-day, but also insight into the high level of the organization. Global study tours International study tours are a chance for you to travel with your peers and experience the business environment outside of Canada firsthand. Study tours combine pre-trip lectures with a one-to-two-week study trip that incorporates international company visits, local lectures, and cultural site visits. Destinations change year-to-year but have included Europe, China and South America in recent years. International educational exchanges Learning exchange opportunities offer unique opportunities to study from two weeks to eight months at a partner university abroad. In most cases, you’ll only pay your University of Alberta tuition while on the exchange. If you are looking for international experience, but can’t commit to a semester abroad, several short-term courses are also offered over the summer. The Alberta School of Business has direct bilateral exchange agreements with 40+ institutions in 25 countries around the world. Global Opportunities Master of Business Administration 23 24 Alberta School of Business Double-down with a dual degree The dual degree option lets you earn two degrees in two years of study while gaining international credentials and experience. You will complete the first year of your MBA at the University of Alberta, then spend your second year at a partner institution abroad. Dual Degree partner institutions EDHEC Business School (Lille or Nice, France) WHU Otto Beisheim School of Management (Vallendar, Germany) Nagoya University of Commerce and Business (Nisshin, Japan) Business on the Front Lines This six-credit course gives you the opportunity to work with partner organizations to create lasting fundamental changes in frontier markets all while gaining life-changing front-line global experience. Master of Business Administration 25 Top off your MBA with a capstone course As part of the MBA Capstone Course, you’ll work as part of a team with an outside organization to help them face strategic issues. You will identify the issue, provide potential solutions, recommend a course of action, and develop an implementation plan for your client. As the capping course of the program, it is your opportunity to apply what you’ve learned and gain first-hand real-world experience. Creative Destruction Lab (CDL) This seed-stage program for massively scalable, science and technology-based companies takes an objectives-based mentoring process with the goal of maximizing equity value creation. Selected CDL ventures are supported by MBA students working with venture founders to develop financial models, evaluate potential markets and fine-tune strategies for scaling over the course of the program. 26 Alberta School of Business Net Impact With industry guidance from KPMG, this extracurricular club offers the chance to participate in consulting projects and experience the dynamic world of management consulting. Partnering with not-for-profit and sustainable organizations, you can make a meaningful social and environmentally sustainable impact in your community. Get involved, expand your network MBA Games The largest competition in Canada, MBA Games offers the opportunity to connect with other MBA students across Canada, share ideas and compete in a series of athletic, academic, and team spirit events. The games are hosted in a different city every year and competitors raise awareness and funds for a given charity. Master of Business Administration 27 Inclusion and diversity club This club provides opportunities to build connections and community through events and activities that increase awareness of issues students face. Members become allies and help create an inclusive and supportive environment for all MBA students. 28 Alberta School of Business NOTES MBA Master of Business Administration FOR MORE INFORMATION Master’s & Professional Programs Room 2-30 Business Building University of Alberta Edmonton Alberta Canada T6G 2R6 uab.ca/mba Email: mba@ualberta.ca Phone: 780.492.3946 Toll free: 1.866.492.7676 Because business is the greatest platform for change The future belongs to those who ... At the Desautels Faculty of Management, we take pride in our reputation for outstanding teaching and innovative research. Year after year, rankings of the world’s top business schools affirm the calibre of talent and achievement within our programs. Yet there is nothing that fills me with greater pride than witnessing the contributions of individual students. They come from more than 75 countries around the world in pursuit of a vision that extends far beyond the bottom line. More than any other generation before them, they recognize the unlimited potential of business to help people flourish. At Desautels, we aim to equip these students with the skills and experiences they need to make lasting impact. Before they graduate, they tackle complex challenges in data analytics and other expanding areas of management. They learn to make decisions based on what is sustainable, not just what is profitable. They leverage their entrepreneurial skills to found businesses that disrupt entire industries. They achieve extraordinary success, because they dare to do things differently—and the future belongs to those who dare. Dean Morty Yalovsky 03 mcgill.ca/mba 05 mcgill.ca/mba to launch the next phase of your career In business education, as in business, what works today will not necessarily work tomorrow. There’s nothing traditional or expected about the way we have redesigned our MBA program. There can’t be, if we expect our students to compete at the highest level in a rapidly changing business environment. We recognize that each one of the 80 students in our incoming MBA classes comes to us with a diverse background, skill set, and vision for the future. The mid-career student who aims to move to a higher rung of leadership within her organization will have distinctly different needs from the student who seeks to leverage his MBA to blaze a new career path in a new country. Our one-year and two-year program options take this diversity of need into account. We also recognize that employers are hungry for a set of skills that most MBA programs have historically neglected to teach, like AI, financial technology, data analysis, and design thinking. When the market speaks, we listen. With new, flexible specializations, our students can personalize the content of their degrees to gain a competitive edge. In redesigning our MBA program, we have charted our own course because we expect our students to do the same. MBA Director John-Paul Ferguson Our newly redesigned MBA program 06 mcgill.ca/MBA 07 mcgill.ca/mba Build a professional network. Learn new perspectives. International 12% Rest of Canada 3% Toronto 19% 66% Montreal Summer 2019 Internship by Geographic Area Make an impact on the business world. Our MBA students land competitive internships in a diversity of settings, from major international companies to growing local startups. With the support of our Career Services team, they discover unique opportunities to explore their career options while contributing to a larger mission. 97% of full-time MBA students seeking employment were employed for a Summer internship It’s not enough to hone these skills in the months leading up to graduation. From interviewing for internships to leveraging connections from networking events, you need them from day one. Our new, mandatory Leadership and Professional Skills course brings in coaches, researchers, and other industry experts to help position you for professional success. Integration classes provide a unique opportunity to apply core skills by partnering with a real company to solve a current problem. Our new Real-time Decisions class pairs you with a company to make a strategic decision. You’ll have several weeks to research the company’s business problem before diving in. Experiential learning brings learning to life in a real-world setting 10-day international study trip → Improve your global fluency through company visits and networking events in a foreign context. Exchanges → Gain a new perspective by studying at another top business school overseas. Practicum → Complete a specialized project under the guidance of an accomplished faculty member. Internships → Build practical work experience to leverage in your future career. One year or two? Choose between our 48-credit and 54-credit programs, keeping in mind that every student begins at the same time and takes the same number of classes. The difference in credits comes down to the time you spend in the internship, not the classroom. The 48-credit program can be completed in 12 months. The 54-credit takes 20, though many students accelerate it to finish in 16. Base camp Our intensive, one-week workshop ensures that everyone begins their MBA with a basic level of quantitative competency. → Business Math → Financial Accounting Select a specialization Align your program with your passion by choosing up to two specializations: → Business Analytics → Entrepreneurship → Finance → Global Strategy & Leadership → Marketing The core Diversify your learning experience Interactive lectures and case studies form the basis of foundational courses: Business Fundamentals Leadership & Professional Skills MODULE 1 Accounting Economics IT Operations Statistics MODULE 2 Finance International Economics Marketing Organizational Behaviour Strategy MODULE 3 Effective Communication Ethics Leading with Empathy Self-awareness Team Dynamics Length Fall Winter Summer 1 Year 48 Credits Core Electives Electives Fall Winter 2 Year 54 Credits Core Electives Internship* Electives Electives *Internship can be completed any time after the core. to chart your own course 09 mcgill.ca/mba Our students Dare to learn differently “I’ve chosen to pursue an MBA in order to move my career in a more meaningful direction. Desautels is helping me prepare for a future in consulting, where I plan to help companies build a more diverse, inclusive culture. I’ve appreciated the ways that my classes, especially in finance, have bridged the practical and the theoretical to provide a test-run for the next stage of my career. The experiential opportunities have also been extremely valuable. From travelling internationally for a case competition to having lunch with the CEO of a major Canadian bank, I’ve experienced things I never would have dreamed of in my time at Desautels.” Yuan Chu Zi Lao (Canada) FINANCE “While my engineering experience imparted a certain level of proficiency in analytics, I was eager to expand my knowledge and grow professionally at Desautels. From courses that focus on developing competence in analytical tools and software to hands-on experience in consulting projects, my MBA program has given me a great deal of experience in a short period of time. The program provides unparalleled opportunities to learn in a very flexible, collaborative environment and leverage what I’m learning in the workplace.” Guillermo Simonet Romero (Chile) ANALYTICS “Today’s MBA students are tomorrow’s leaders. We are the ones who will ultimately make decisions to lead the transition to renewable energy, fair employment practices, gender parity, and lower carbon emissions. It’s important to make sustainability the norm now so that these decisions become second nature. Otherwise, we will stick the next generation with problems we neglected to solve because the solutions didn’t directly contribute to next year’s bottom line. Pursuing long-term sustainability requires patience, persistence, and quite a bit of grit. Fortunately, Desautels prepares leaders to take on the challenge.” Jackie Hudspeth (USA) SUSTAINABILITY “My STEM background gave me an excellent foundation for solving problems, but I had tunnel vision. I didn’t understand what was involved in making decisions and leading people. In a short time, my MBA experience has retrained my brain to think differently. Engineering is a very black-and-white world, so I have had to learn to accept that there’s not always one right answer in business. As I discover all the facets that go into making complex decisions, and have countless opportunities to put that knowledge into practice, I’m preparing to become a leader in my industry.” Ugo Umeano (Nigeria) STEM Our Students 11 mcgill.ca/mba Sustainability “Desautels MBA helped me achieve fluency in strategy, finance, analytics, and other key aspects of business.” I first became mindful of sustainability issues while teaching English to students in a small village in Cameroon through the PeaceCorps. I quickly realized that because of the unreliable power grid, my students didn’t have enough electricity to complete their homework at night. From that point onward, I started thinking about access to different kinds of energy. But while my interest in renewable energy sources was piqued, I didn’t have any background in business. What my Desautels MBA helped me achieve is fluency in strategy, finance, analytics, and other key aspects of business. I also had the opportunity to complete a project comparing the business growth of two solar companies. The earlier MBA students can reflect on sustainability issues through projects like these, the better prepared we will be to assume leadership roles. Today, I spearhead business development efforts for a leading global player in the solar, biofuels, lithium-ion battery, and energy storage sectors. My company helps other companies and their employees invest directly in renewable energies. Not long ago, I read that by 2050, 50% of global electricity will be generated by renewable energy sources. The world will look entirely different 30 years down the road, and I’ll be equipped to make decisions in that new world. Justin Park (USA) MBA’18 Finance “I came to Desautels to invest in my future, and it’s paying off.” Finance is embedded in so many parts of our lives. We use finance to quantify funding needs, help businesses through stages of growth, and prioritize investments that make a positive impact on the community. My Desautels MBA enables me to analyze and solve problems by looking at the world through the lens of finance. In retrospect, I wish I could have taken even more courses than I did during my time at McGill. I directly apply the strategies and perspectives I learned from classes like Pensions Investing in my current role as an investment analyst for a large pension plan. Outside of the classroom, I had the opportunity to participate in case competitions to devise solutions for pressing social and environmental challenges. It was an unforgettable experience to bring home the Net Impact Sustainability challenge trophy after competing against teams from all over North America. Ultimately, this real-world experience equipped me with the skills, network, and confidence to transition out of student life into a successful career. The fact that I learned alongside an international group of students with diverse viewpoints only added to the experience. Thanks to my peers, I graduated with a better grasp of what leadership looks like in dozens of countries around the world. I came to Desautels to invest in my future, and it’s paying off.” Mehreen Haider (Pakistan) MBA’19 Alumni who 13 mcgill.ca/mba Analytics “At Desautels, I gained the tools I needed to fill in the gaps in my knowledge.” In every company, you need someone who can analyze data in order to make predictions, automate and optimize processes, and solve any number of problems to make things run smoothly. I decided to pursue an MBA at Desautels when I was working for an energy company in an analytics role. I had some skills in manipulating data, but most of my work was very industry-specific. I knew I had so much more to learn. At Desautels, I gained the tools I needed to fill in the gaps in my knowledge. Each one of my analytics classes equipped me with technical skills and challenged me to apply them to case studies and projects in creative ways. One of the most rewarding parts of the MBA experience was the opportunity to solve problems in groups. Some of my classmates had a background in programming, others in strategy. Everyone brought something different to the group and benefited from each other’s expertise. While the Business Analytics concentration at Desautels is still relatively new, there are already several cohorts of analytics students who have gone on to land fantastic jobs. After graduation, I accepted an offer from Amazon to work in the field of supply chain management. Thanks to my MBA, I’ve developed the skills and background to take on a new challenge. I’m seeing results. Anastasia Budaeva (Russia) MBA’20 Entrepreneurship “Becoming an entrepreneur has been the most fulfilling experience of my life.” I discovered my passion for retail innovation and entrepreneurship at Desautels. As an MBA student, I co-founded a startup called Turbodega to help small grocers in emerging countries track their daily sales in real time. From value creation to marketing strategy, the content I learned in my MBA classes has been incredibly useful in this venture. I’m currently applying a methodology I learned in one of my courses to improve the efficiency of my company’s marketing activities. Outside of class, access to the McGill Dobson Centre for Entrepreneurship helped me and my team to refine our product and value proposition. The Dobson Centre went above and beyond to connect us to a network of alumni, mentors, investors, and customers. Today, Turbodega serves more than 1,000 bodegas. Using our software management tool, our customers enjoy a lower cost of goods, access to fair working capital lines of credit, and data-backed business advice. Becoming an entrepreneur has been the most fulfilling experience of my life. Julio Castañeda (Mexico) Alumni MBA’19 who 14 mcgill.ca/MBA 15 mcgill.ca/mba to make your mark in Montréal There’s a reason Montreal claims the title of best student city in North America year after year. A thriving arts and cultural scene, low cost of living, low level of crime, and plentiful job opportunities attract students from all over the world. No matter what their background or creed, newcomers encounter the welcoming, tolerant vibe of a city that embodies “joie de vivre” and prioritizes a high quality of life. They join a young, diverse population of 1.7 million people who shape the city into a more appealing destination every year. Montreal has long enjoyed a reputation for being an artistic and culinary hotspot, but it has more recently evolved into a hub for technology, artificial intelligence (AI), and entrepreneurship as well. As the island pulses with the energy of constant growth and change, students have a unique opportunity to change and grow with it. Mont Royal Montreal’s largest public park offers nearly 500 acres of green space to exercise, picnic, and enjoy free entertainment. Walk, cycle, blade, or ski to the summit for a skyline view of the city. Igloofest Every January, tens of thousands of Montrealers bundle up for an outdoor electronic music festival over four consecutive weekends. Iconic Restaurants Montreal’s culinary scene lives up to the hype. Head to St. Viateur Bagel for some of the world’s best bagels, Schwartz’s Deli for traditional Montreal smoked meat, and La Banquise for a heaping plate of poutine. Underground City The largest underground city network in the world features 32 kilometres of restaurants, shops, metro stations, and entertainment venues to explore. Montreal Canadiens Also referred to as the Habs, Montreal’s professional ice hockey team packs large, passionate crowds into the downtown Bell Centre for home games. Lachine Canal Once a major industrial hub, the Canal is now a haven for recreational boaters, runners, and cyclists along 14.5 kilometres of waterways and trails. Place des Arts Canada’s largest cultural and artistic complex is a mecca for fans of music, theatre, dance, and contemporary art. Old Port Old-world charm meets new-world culture in the streets of the Old Port. Head down to the river to grab a drink at a rooftop bar, ride the Ferris wheel, or catch a performance of Cirque du Soleil. 17 mcgill.ca/mba Employment by functional areas 2019 Employment statistics Our placement rate of 85% within three months of graduation reflects our commitment to helping students invest in their future careers from the first day they arrive on campus. Our MBA employment results Placement within 3 months of graduation1 85% As a Desautels student, you will benefit from virtually endless opportunities to prepare for a career of impact: → One-on-one coaching sessions → Interactive workshops on topics like resume and cover letter writing, interviewing, and networking. → Company information sessions with industry professionals → Advanced psychometric testing → In-person networking opportunities through Faculty-led Toronto trip, Montreal career panels, and recruitment fairs. → Prep programs in Consulting, Corporate strategy and Finance → Online platform to connect with alumni and mentors 1 85% placement based on 96% reporting. Technology 7% Other 5% Operations/Production 4% Marketing/ Business Development 13% General Management 24% Finance 27% Consulting 11% AI / Analytics 9% Launch a career that matters Business for change Ask about our $2M+ in scholarships Desautels Faculty of Management McGill University Donald E. Armstrong Blg. 3420 McTavish Montreal, Quebec H3A 3L1 T 514 398 4066 @desautelsmcgill mcgill.ca/mba mba@mcgill.ca Admissions requirements → Two years minimum of relevant full-time post-graduate work experience → Transcripts from undergraduate and other graduate degrees → Two professional letters of reference → TOEFL or IELTS (when applicable) → Three essay questions → GMAT or GRE → Curriculum vitae → Interview (by invitation) Take the next step Submit your application by the following dates: ROUND 1 November 1 ROUND 2 January 15 ROUND 3 March 15 Final deadline (International students) ROUND 4 May 1 Final deadline (Canadian citizens / Permanent residents)

With over 395 universities, the United Kingdom is the world’s second-largest educational centre and a paradise for international students seeking world-class education. MBA in the United Kingdom is one of the most prestigious and sought-after programs in the world. Its universities offer a wide range of MBA specializations like Supply Chain Management, International Business, and Entrepreneurship for a duration of one to two years. Here are some of the best two-year MBA programs in the UK. Why Pursue an MBA in the UK? The United Kingdom has one of the world’s most developed economies. Universities are designed with the goal of providing students with the necessary skills and knowledge in a specific field. When it comes to choosing the UK for higher education, there are a number of key factors that make it an excellent choice, particularly for a master’s degree in business and administration. Here are some of the key factors that make the United Kingdom a desirable place to pursue an MBA: Excellent Education: MBA programs at UK universities combine theoretical and practical learning to provide students with essential skills and knowledge. Students benefit from constant lectures and workshops from renowned business leaders, allowing them to learn from experienced professionals and broaden their exposure and knowledge of a specific industry. Industry Connections: One of the most significant benefits of pursuing an MBA in the UK is the opportunity to meet leading industry experts and professionals at university-organized conferences, events, and lectures. Scholarships: Studying for an MBA in a foreign country has a number of financial implications. Scholarships are available at a number of universities in the United Kingdom. Prepare to lead with a Schulich MBA. The Schulich MBA will equip you with the specialized knowledge and leadership skills you need to gain a competitive advantage. Hone your skills in your field of interest through our extensive selection of 18 areas of specialization in management functions, industry sectors and special business issues. Ranked #1 in Canada by The Economist, Forbes & CNN Expansion, Schulich offers Canada’s preeminent MBA Program. Customize your MBA: Flexible study options allow you to switch between full- and part-time enrolment, take classes uptown at the Keele campus or at our satellite campus in downtown Toronto. Accelerate your MBA and complete the program in as little as eight months with advanced standing. For working professionals interested in a full-time program, there’s now a Weekend and Evening MBA. Real-World Experiential Learning: The Schulich MBA combines classroom learning of fundamental and advanced management concepts with real world experience, including a two-term strategic consulting project where you work with clients on real business problems and solutions. Whether it’s a career as a Capital Markets Associate, Management Consultant, Brand Manager, Business Analyst, Commercial Banking Associate or Operations Analyst – the Schulich MBA will provide you the knowledge and network to succeed. Throughout the MBA program, you will have access to the Centre for Career Design (CCD). As Schulich’s in-house team of certified Career Coaches and Industry Advisors, the CCD offers a wealth of innovative resources, individualized mentoring and coaching to help advance your career. Meet alumni, recruiters and industry leaders at corporate information sessions and other CCD events, and receive online access to the very best career tools available. Recruiters value the communication, interpersonal and leadership skills that Schulich MBA graduates possess, and regularly hire Schulich MBAs. The MBA curriculum includes 33.00 credits of core courses designed to equip students with a common set of capabilities necessary for effective management in the private, public, and nonprofit sectors. In addition to foundational core courses, students have the opportunity to complete 27.00 credits of electives, allowing for deeper exploration in a particular area of focus, completion of a specialization or pursuit of a diploma. As the capstone of the program, students will participate in the Strategy Field Study. In this exciting consulting project spanning two terms, teams conduct a strategic assessment of an organization and its environment, and present recommendations to senior management. Learn more about the Strategy Field Study. Students are eligible for graduation upon their successful completion of 60.00 credits. Students may shorten the duration to complete their MBA if they receive Advanced Standing. Why Choose A Two-Year MBA Program in the UK? Traditional format students are said to have a richer college experience. You can stay in the academic environment for longer periods of time, which allows you to interact with your peers and professors more. Although knowledge and understanding can be gained quickly, developing competence takes time. To gain in-depth knowledge, you must devote time to digesting and integrating information. You must read, apply the material, create presentations, study, write exams, and apply the material in real-world situations. Future Scope after 2-year MBA in the UK Obtaining an MBA from a UK university is a sure way to success. MBA degrees from UK universities are highly valued in the job market. It serves as a lead magnet for employers all over the world. In the United Kingdom, there are over 6 million business entities with excellent potential for MBA graduates. Q1. Is it worthwhile to pursue a 2-year MBA in the United Kingdom? Ans. Yes, pursuing a two-year MBA in the United Kingdom is worthwhile because the profits can be as high as 202,000 GBP(20,324,634 INR) each year. The two-year gap allows overseas students to acquire professions and responsibilities where they can make good money while also gaining useful experience. Q2. Is it possible for me to work in the United Kingdom after completing my MBA? Ans. Yes, it is possible to work after completing MBA in the UK. Students have access to a post-study work visa for 2 years. Q3. Is an MBA in the United Kingdom in high demand? Ans. MBA programs focused on specific industries, including hospitality, finance, international business, and marketing, are in high demand in the United Kingdom. Want to pursue two-year MBA programs in the United Kingdom? Then contact our Leverage Edu experts on 1800 572 000 and get all your queries about the study abroad programs and destinations sorted out. Two-year students concentrate on their studies with few distractions and begin by looking at the big picture. It means you’ll be an excellent candidate for management fast-track programs, entry-level consulting positions, or any other graduate-level position in the business. The two-year format is less intense than the one-year format, and it includes a wider range of electives, placements, and study trips, allowing you to focus more precisely on your studies. Expand the menu below to see detailed degree requirements. IVEY MBA Begins each March in London, ON, Canada. A LIFE-LONG ADVANTAGE. A YEARLONG MBA. in Canada for student assessment of career services #1 MBA program #1 in Canada * in Canada for education experience ‡ ‡ #1 Features “If I were to summarize Ivey in one word, it would be transformational. You’ll notice how you change as the days and months go by, to the point that you are thinking in ways that astound you, and make an impact on those around you.” A TRANSFORMATIONAL EXPERIENCE. Carlos – Carlos González Meyer, MBA ’18 Marketing Manager, Standards-Memberships, 2 / Ivey MBA Events & Government Relations, CSA Group IVEY NETWORK Join an outstanding alumni network of more than 31,000 that believes in paying it forward and giving back. 18 GETTING STARTED Start your journey towards an Ivey MBA. 24 BY THE NUMBERS Our reputation, by the numbers. 20 YEAR AT A GLANCE Everything you need to know about your year at Ivey. 22 LEADERSHIP ESSENTIALS Discover the five elements that are at the core of everything we do. 12 REAL-WORLD LEARNING Hands-on, experiential learning sets us apart and is brought to life by award-winning faculty using our renowned Case-Based approach. 4 8 WORLD-CLASS CAREER OUTCOMES Our Career Advisors help you chart a path from the moment you start at Ivey through to graduation. 6 STUDENT LIFE The Ivey student experience is one built on close-knit community and diverse perspectives. 16 IMAGINE WHAT ONE YEAR COULD DO Your year at Ivey will be immersive, enriching, and supportive. Discover what it can do for you. YOUR FIRST CASE Experience a real case and discover why CaseBased learning is the foundation of the MBA Program. 14 ‡ The Economist Full-time MBA Ranking 2021 * Bloomberg Businessweek MBA Ranking 2014-2019, 2022 As Canada’s leading business school, you are investing in yourself when you choose the one-year Ivey MBA Program. Our one-year program will minimize your time away from the workforce. You’ll immerse yourself, without distractions, in our world-class curriculum. And you’ll form strong bonds with exceptionally talented and diverse classmates from around the world. Throughout your journey here, you can count on a supportive team to help you advance to your next career goal. The result: you’ll achieve more than you ever thought possible, all in one year. IMAGINE WHAT ONE YEAR CAN DO Give yourself a year. Get back more than you imagined. “The strength of Ivey’s network, the undeniable culture of ‘paying it forward,’ and the people I met have genuinely inspired me to be a better person. The personal growth I experienced and the relationships I fostered have become the most valuable part of my Ivey journey.” Kwang – Kwang Pithayachariyakul, MBA ’17 Vice President, Investment Banking, TD Securities 4 / Ivey MBA Career support at Ivey. Career outcomes for life. WORLD-CLASS CAREER OUTCOMES You have a vision of your future – and we have the resources and expertise to help you get there. From the moment you start at Ivey, our world-class Career Management team will be by your side to help you build a personal plan and ensure you achieve your high career aspirations. Your career goals are central to your success; that’s why Career Management is integrated throughout the MBA Program. Classroom activities are combined with innovative experiences like Ivey’s renowned annual networking event. Our job offer rates are consistently over 90 per cent. Year over year, our students, alumni, and recruiters give us top scores when evaluating our Career Management services. From admissions to graduation and throughout your career, we’re here to help you every step of the way. “Career Management support at Ivey was invaluable. Regular meetings with my career advisor on how to approach networking was truly life-changing in helping me with jobs after my MBA.” Keisha – Keisha Bailey, MBA ’15 Vice President, TD Asset Management † The Economist Full-time MBA Ranking 2016-2021 in the world for student assessment of career services, five years running† 20 T O P 6 / Ivey MBA Learn by doing - a leadership advantage. Hands-on, experiential learning gives Ivey students an advantage. Through a diversified roster of projects, activities, and more than 300 business cases, the Ivey MBA experience is all about real-world learning for real-world problems. From the moment you graduate with your Ivey MBA, you are prepared to take on real business challenges, and the difference will be noticeable throughout your career. REAL-WORLD LEARNING “ When I meet Ivey students or alumni, I know that they’ve been tested and thrived; I know that they’ve received first-class professional and career management training. And, that they know what it means to lead, to problemsolve, and to pursue excellence.” Gillian – Gillian Fletcher, MBA ’15 Regional Business Manager, Johnson & Johnson 8 / Ivey MBA “ Case discussions offer perfect ‘aha!’ moments to weave insights from the case at hand, to my research in digital transformation, and to the students’ work experiences.” Nicole – Nicole Haggerty, HBA ’89, PhD ’04 Associate Professor, Ivey Business School at Western University Real-world learning is the norm, not the exception. REAL-WORLD LEARNING Case-Based learning sets Ivey, and its students, apart. Real-world examples form the foundation of the Ivey education experience. Cases are dissected, discussed, and debated in a stimulating environment. Guided by world-class professors, and enriched by your fellow students, your classroom conversations will be dynamic and immersive. Case-Based learning is at the heart of how Ivey’s students learn. The approach will allow you to practise the leadership skills that mirror real-life situations. The result is a transformation in thinking, and lifelong leadership essentials. Teaching faculty matters. Their real-world business experience and expertise is demonstrated not only in the classroom, but by the business cases they write, and the research they do with organizations. Ivey faculty will get to know you as an individual, and they are highly committed to your success. They love teaching, and it shows. 10 / Ivey MBA Ivey’s five Leadership Essentials. LEADERSHIP ESSENTIALS The Ivey MBA opens your mind to how the business world really works and prepares you to take challenges head-on. Develop Leadership Essentials With a focus on experiential learning, you will accelerate your leadership capabilities. We call these five capabilities the Ivey Leadership Essentials. They are at the core of everything we do. The five interlinked Leadership Essentials give you not just the business fundamentals that you would expect from an MBA program, but also the leadership capabilities required to turn concepts into decisions, knowledge into action, and ideas into change. Leadership Essentials Take action Knowledge is a commodity. Today, leadership is about applying your learning effectively. At Ivey, you’ll gain the confidence to turn knowledge into action. Communicate persuasively Effective communication isn’t about winning. It’s about sharing your ideas persuasively in the classroom, in teams, and ultimately in the boardroom. At Ivey, you are coached in your communication effectiveness, your skills honed to the place where you can communicate effectively in any circumstance. Leverage team talent The strength of a leader is in knowing your weaknesses. Through hundreds of cases, you’ll learn how to approach difficult problems with confidence, work effectively with people of diverse perspectives and skills, and solve problems by effectively engaging your team. Manage priorities Great leaders must be able to focus their organizations on what matters now in the midst of competing choices. Ivey’s experiential learning, challenging program, and demanding schedule teach you to navigate these competing priorities for the best outcomes. Embrace complexity A business case is real, complex, and challenging. It doesn’t come in the textbook titled Marketing or Finance. A case study puts you in the position of decision-maker, and demands you understand how to manage the details to get to the right solution. 12 / Ivey MBA YOUR FIRST CASE With more than 4.5 million listings in more than 65,000 cities and 121 countries, Airbnb is a household name, synonymous with unique and affordable accommodation offering “authentic experiences” from local hosts. And it all began with one listing: from their small apartment offering three airbeds, founders Brian Chesky and Joe Gebbia began in earnest in 2007 to develop a new business model in short-term rentals. This case study profiles the startup from its inception to its rise in the mid-2010s, as Airbnb took the leap from small upstart in a highly competitive market to visionary leader, fending off competition with innovative approaches to marketing, social media, and stakeholder engagement. Your first case. Ivey faculty use cases to expand your perspective on the way issues impact an organization by using cross-teaching and an integrated approach to curriculum planning. Students prepare for class by reading the case and answering a series of questions. The real learning begins in the classroom where the professor acts as a conductor facilitating the discussion. You can experience a real Ivey case study with this Airbnb case. 9B16M186 AIRBNB: BUSINESS MODEL DEVELOPMENT AND FUTURE CHALLENGES1 Sayan Chatterjee wrote this case solely to provide material for class discussion. The author does not intend to illustrate either effective or ineffective handling of a managerial situation. The author may have disguised certain names and other identifying information to protect confidentiality. Copyright © 2016, Richard Ivey School of Business Foundation Version: 2016-11-24 In 2007, Brian Chesky and Joe Gebbia founded Airbnb. Chesky and Gebbia had met several years earlier as students at the Rhode Island School of Design. After initially working in Los Angeles after graduation, Chesky decided to move to San Francisco, where Gebbia was living. The two shared an apartment but were struggling to pay their rent. While brainstorming ideas to earn more money, they came up with the idea to rent out the three airbeds they had available. There was an upcoming design conference in their neighbourhood, and all of the nearby hotels were sold out. They set up a quick website to advertise their offer for an overnight stay on an airbed in their apartment, along with breakfast in the morning. One would normally expect to find a few younger 20-somethings who might be interested in sleeping on someone’s couch during the conference. However, the three people who stayed with them were a 45-year-old father of five from Utah, a 35-year-old woman from Boston, and a man from India. Given the interest in their apartment airbeds from a wide variety of people, Chesky and Gebbia decided to expand their small idea and Airbnb was formed. Engineer Nathan Blecharczyk was added as the third co-founder. 2 From this serendipitous beginning, Airbnb grew into a business that spanned 16 countries and was valued at $10 billion3 in the most recent round of financing in 2014. However, as of early 2014, its business model had hit a major road bump. At the request of the State of New York attorney general, Airbnb was forced to hand over anonymous listing information of hosts who rented out apartments in New York City. While the listings were anonymous, the attorney general was determined to subpoena some of the hosts that might have violated a New York law that prohibited any private rentals under 30 days where the host was not present.4 This caused some consternation among hosts based in New York, and some pulled their listings. The founders had to evaluate if these short-term rentals in large cities, which drove the majority of their rentals, had suddenly become vulnerable. They also had to decide whether to defend their business model in a court of law and in the court of public opinion, or change it.5 CONFERENCE PUSH For the first year of its existence, Airbnb needed to focus entirely on the gaps between the number of available hotel rooms and conference attendance. The founders did not seek out hosts that listed their properties in perpetuity but instead focused on conferences and, later on, other events. The first major conference they targeted was the 2008 South by Southwest conference and festival in Austin, Texas. To help market the site and garner interest in Austin, they executed an online public relations campaign. Because they had no budget to advertise, they relied on getting coverage from various blogs. They initially Read the full case 14 / Ivey MBA Our small class size, non-commuter campus, and close-knit community provides the basis for an exceptional MBA experience. And because Ivey attracts some of the most talented young professionals from all over the globe, with diverse cultural and business backgrounds, the Ivey MBA classroom consistently raises the bar for its learning environment. The shared experience you’ll have with your Ivey classmates creates the foundation for a lifetime of personal and professional connections you’ll cherish. . STUDENT LIFE Becoming an Ivey MBA student means immersing yourself in a unique environment that is friendly, spirited, supportive, and unforgettable. Christina – Christina Rupsingh, MBA ’16 Senior Manager, Insight and Thought Leadership, Future of Work, RBC “Ivey’s class sizes are considerably smaller than other MBA programs, which meant I knew every single one of my classmates on a first-name basis. Also, since Ivey isn’t a commuter school, you get the time to develop great friendships with your classmates.” A LIFE-LONG CONNECTION. A SHARED EXPERIENCE. 16 / Ivey MBA IVEY NETWORK “ The Ivey Network brings enormous value to your career. Not only will you be part of the Ivey family, but you’ll also learn how to network, a valuable skill that often gets overlooked.” Erik – Erik Lapointe, MBA ’17 Chief Commercial Officer, Tidal Health Solutions The Ivey Network. A lifelong connection. The word Ivey alumni hear most is “yes.” Yes to discussing an opportunity. Yes to giving advice. Yes to networking with other grads. Ivey alumni have a habit of saying and hearing “yes” because there is a strong culture of giving back and paying it forward throughout the Ivey community. Our grads value the Ivey difference. Regardless of graduation year, the shared Ivey experience is a connection that sticks with you throughout your career. With an Ivey MBA, you will have a network that will last a lifetime. 18 / Ivey MBA #13 in the world for networking* * 13=, Bloomberg Businessweek Best B-Schools Global Ranking 2022-23 Reputation matters. “Ivey’s reputation as the number one business school in Canada was a key factor in choosing my MBA.” Maksym – Maksym Levytskyy, MBA ’19 Director of Investments, Clarke Inc. BY THE NUMBERS 20 / Ivey MBA Ivey’s ranking #1 among Canadian MBA programs for 7 years.* of Ivey MBA grads made at 89% least one career transition (Change in industry, function, or geography). #1 in Canada for student assessment of career services. † in Canada for employment rate 3 months after the program. ‡ in the world for student rating for education experience for 4 years in a row. ‡ 10 TOP #1 ‡ The Economist Full-time MBA Ranking 2021 † Financial Times Global MBA Ranking 2022 * Bloomberg Businessweek MBA Ranking 2014-2019, 2022 #1 program in Canada for value of money. † ONE YEAR The Ivey MBA – Year at a glance. Preparatory Knowledge Program To make sure you get the most out of your MBA class time, we provide optional courses before the official program work begins. These courses are a great way to refresh your knowledge of business basics, reacquaint yourself with a school routine, and get to know some of your classmates. Business Essentials Your transformational year begins in the spring. To ensure you have a solid foundation in the core subjects, the first four months of the Ivey MBA Program consist of courses including Strategy, Leadership, Finance, Accounting, Information Systems, Operations, Marketing, Analytics, Communications, and Economics. View courses Leading Cross-Enterprise This capstone module pulls together everything you’ve learned and connects it to today’s real-world leadership challenges. You’ll examine some of the “big” questions like “Who leads best and how do they do it?;” “How are great leaders developed?;” and “What are some of the major forces and trends that will affect business in the 21st century?” Real-World Projects Put your learning to the test when you participate in the Ivey Field Project. You can choose to develop a new venture or work with an existing organization to develop new business solutions. Career-Focused Electives Our elective courses are designed to support your career goals and satisfy your professional and personal interests. Learn more International Experiences Participate in an optional study trip to Asia and Latin America as part of the elective cycle. You can also pursue volunteer opportunities through The LEADER Project where you will coach promising entrepreneurs in frontier markets. If you want to experience an international study exchange, you can take advantage of this in the final semester. This is a great opportunity to immerse yourself fully in another culture and to expand your global network. MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB YEAR AT A GLANCE 22 / Ivey MBA There are three qualities that we look at first when considering prospective students for an Ivey MBA. Leadership: From career success and promotion, to volunteer work and community initiatives, or other interests like athletics or the arts — we are looking for candidates who have demonstrated strong leadership orientation, and can bring that into the Ivey classroom. Strong Academic Record: Our assessment of this is based on your academic history in combination with your GMAT or GRE score. Progressive Work Experience: At least two years of quality, full-time work experience ensures that you and your classmates will have experiences to contribute to team and class discussions, along with the context and maturity to apply this learning in a professional setting. Ready to get started? “ The Ivey MBA is a fantastic program and if it is the program for you, make sure you come in motivated and ready. It is a very rewarding experience.” Kanwar – Kanwar Randhawa, MBA ’17 Director, Enterprise Strategy, RBC GETTING STARTED “We are committed to help you in any way we can so that you can make a decision that is best for you and your career. Please feel free to contact us at any time if you have questions about the Ivey MBA Program or MBA programs in general.” J.D. – John-Derek (J.D.) Clarke, MBA Executive Director, Masters Programs Recruitment and Admissions, Ivey Business School at Western University 24 / Ivey MBA Take note GETTING STARTED Our recruitment and admissions team’s job is to help answer any questions that you might have as you navigate your MBA research and, in particular, any specific inquiries you have about the Ivey program or application. Contact a recruiter today! Contact Info Lindsay Lippmann Associate Director, FT MBA Recruiting & Admissions llippmann@ivey.ca linkedin.com/in/lindsaylippmann Aimee Froude Associate Director, FT MBA Recruiting & Admissions afroude@ivey.ca linkedin.com/in/aimeefroude Anna Creery Associate Director, FT MBA Recruiting & Admissions acreery@ivey.ca linkedin.com/in/annacreery 26 / Ivey MBA NOTES For more information: Ivey Business School Western University 1255 Western Road London, Ontario, Canada N6G 0N1 Telephone: +1.519.661.3212 Toll free: 1.866.878.4839 Fax: +1.519.661.3431 mba@ivey.ca iveymba.ca Visit: iveymba.ca Profile assessment: go.ivey.ca/resume Attend an event – online and in person: go.ivey.ca/events The Ivey MBA is a one-year, full-time MBA program beginning each March in London, Ontario, Canada. • Located between Toronto and Detroit (approx. 200 km from each) • City population of 400,787 • Western University and student population is 40,000 with more than 5,800 international students from 128 countries 12-MONTH PROGRAM STARTING IN JANUARY smithqueens.com/ftmba Small class sizes outstanding faculty, state-of-the-art business school facility Powerful network of alumni in 150+ countries Study on-campus in Kingston at Smith School of Business at Queen’s University – one of in Canada Pioneering leadership and team development programs Be ready for fall job interviews and among the first MBA graduates on the market with this 12-month January. AN MBA UNLIKE ANY OTHER TECHNICAL EXPERTISE + TEAM DYNAMICS + SPECIALIZATIONS + INTERPERSONAL SKILLS + CUSTOMIZED COACHING + CAREER SUPPORT There are a lot of MBA programs that provide a quality business education, but very few rival Smith’s team-based approach, personalized coaching, and tight-knit culture. I really felt I was learning something new every day in terms of business acumen, leadership skills and self-discovery. I would absolutely recommend this program to anyone looking for a transformative MBA experience.” Kim Fulton, MBA Principal Kearney Toronto, ON “ 2 | FTMBA TECHNICAL EXPERTISE The MBA from Smith School of Business provides outstanding foundational management skills including analytics, accounting, financial theory, marketing management, information systems, strategy and more. In addition, Smith is the pioneer and leader in fostering the personal and team skills necessary to excel in business today including group dynamics, adaptability, communications, leadership, resilience, and cultural intelligence. Surveys* of CEOs and corporate recruiters underscore that it is this combination of technical management capacity and interpersonal skills that is most highly valued. Take the first step and connect with your application advisor at smithqueens.com/ftmba INTERPERSONAL SKILLS The MBA unlike any other. It delivers both the technical expertise and the interpersonal skills development that employers require today. *GMAC Corporate Recruiters Surveys THE POWERFUL ADVANTAGE FTMBA | 3 The Program Complete your MBA in 12 months and get into the workforce with the knowledge and skills to begin advancing your career. The first six months is foundational curriculum covering the core management skills required to lead in business. In the second six months you take elective courses and can also select an area of specialization (eg. consulting, finance, marketing & sales, digital transformation, management analytics, entrepreneurship & Innovation). You will earn a supplemental certificate in the area of focus. Substantial team and individual project assignments allow for deep learning and practical application. Approach A multi-faceted approach to teaching ensures engagement, high-value and impact. Class instruction is balanced with group discussion, simulations, team assignments, and real-world business projects. In addition, Smith’s Living Case Studies provide a unique and modern teaching approach immersing you in business challenges in real time. For more about our faculty, go to smithqueens.com/ftmba Faculty Smith School of Business faculty work together as teachers, researchers, and consultants. Together they create a tightly integrated academic plan for you. Faculty have outstanding academic credentials and are also best-selling authors, award-winning teachers and editors of leading academic journals. Canadian Business, Bloomberg BusinessWeek, and The Financial Times have recognized Smith faculty as among the top management educators in the world. + EXPERIENTIAL LEARNING + REAL-WORLD BUSINESS PROJECTS + SIMULATIONS + LIVING CASE STUDIES + CLASS INSTRUCTION & DISCUSSION 4 | FTMBA Options Pre-MBA Preparatory Sessions For advance grounding in core concepts and skills, Smith offers non-credit, one-day sessions in topics such as Accounting, Finance and Statistics, working with MBACase, and more. Certificate in Social Impact By completing certain courses and participating in key events and volunteer activities, you can earn a Certificate in Social Impact and demonstrate engagement in responsible leadership. Double-degrees You can apply MBA credits to other degrees from Smith School of Business and Queen’s University including Master of Finance, Master of Management Analytics, Juris Doctorate, and Master of Science in Healthcare Quality. Professional Designations You can begin earning qualifications towards the following professional designations: The MBA program was a life changing experience from start to finish. The diversity of people was incredible — diversity not only of thought, but of life experiences. Interacting with and learning from so many unique people provides a great base for a future career. The program jump started my career into an exciting new path with a disruptive growth-focused company. I truly have been overwhelmed by the opportunity for personal and professional growth.” Josh Tovey, MBA Senior Operations Manager Amazon Raleigh, NC “ FTMBA | 5 Team Skills Smith School of Business pioneered the team-based learning approach that prepares you for the reality of today’s workplace. You are assigned a team for the core of the program and a dedicated professional coach helps you perform collaboratively at the highest level. You will have many opportunities to develop your personal leadership capacity. Executive Coaching Become your best self with one-on-one coaching to maximize your effectiveness in the workplace. Coaching is an integral part of the Smith School of Business offering and will give you a greater understanding of yourself, your strengths and your weaknesses. This will have a powerful impact on your performance and your working relationships. Coaching covers a range of areas from conflict resolution to anxiety management to mindfulness. Experiential Learning ‘Learn by doing’ through participation in the TriColour Venture Fund (TCVF), Canada’s first student-advised venture capital fund. Students meet with potential portfolio companies, assess the opportunities, conduct due diligence and make recommendations to the Investment Advisory Board - a committee of seasoned entrepreneurs, angel investors, and venture capitalists. Deals are syndicated in conjunction with some of Canada’s leading venture capital companies and angel investors. Queen’s University Alternative Assets Fund (QUAAF) is Canada’s first student directed portfolio of hedge funds managing a portion of the university’s endowed funds. Each generation of QUAAF members is responsible for ensuring sustainable operations and financial stewardship of the fund, providing outstanding practical experience. Our program is unique in its focus on developing the ‘whole you’ to be as successful as possible in your career. THE SMITH DIFFERENCE 6 | FTMBA The MBA experience at Smith helped me further refine the type of leader I wanted to be. It also gave me the confidence and the tools to successfully pivot into a completely new career that would not have been available to me otherwise. My year was truly a lifechanging experience where I not only gained a wealth of contacts through the alumni network, but also made lifelong friends.” Roxane Ducasse, MBA Project Manager End-to-End Supply Chain at Walmart Mississauga, ON Lifestyle Coaching Prepare for the fast pace and high demands of your business career with the optional lifestyle coaching program Fit to Lead™ that addresses physical, mental and emotional well-being. Cultural IQ In today’s diverse and global business environment, cultural intelligence is critical. Smith has partnered with the Cultural Intelligence Center to teach how culture influences behavior and thought processes, and effective strategies for managing in a multicultural environment. International Opportunities Study opportunities, available at more than 30 of the world’s top business schools, provide an exceptional experience in a region of interest to you. “ FTMBA | 7 Recruitment & Career Support You want to find the job that showcases your skills and capabilities and accelerates you on an exciting career path. The Smith School of Business Career Advancement Centre will work with you from the start of your MBA to identify your passion and help you secure a great job. The Centre maintains strong relations with outstanding organizations across Canada and around the world, and recruiters are regularly on campus meeting with students. A personal Career Coach will work with you one-onone to help you prepare and manage your job search process. Coaches have specialized experience, training and connections in specific sectors. “ At graduation you join a powerful network of Smith and Queen’s alumni in more than 150 countries. Regular events and meeting opportunities help you build valuable connections that will last a lifetime. Smith is also the Official National Business Education Partner of the Canadian Olympic Committee. Join a Powerful Alumni Network Anything you do in life that is challenging gives you the opportunity to grow. After retiring from the Canadian Women’s Rugby Team, I researched potential career paths in business which led me to Smith. I enhanced my knowledge of business theories, concepts and skills transference and I feel I’m better prepared to pursue a career or start a business.” Megan Lukan, MBA RBC Olympian Associate Financial Advisor Black Star Wealth Halifax, NS 8 | FTMBA The team-based approach to the curriculum really excited me. For the first six months of the program, while you’re going through the core foundational courses, you’re assigned to a team. Our team was incredibly diverse. What I thought was really beautiful about that was that everyone brought a unique approach and perspective to the problem. It was challenging at times because you needed to find common ground, but I think it made the quality of the product and the learning that much better.” Hanif Shariff, MBA Consultant McKinsey & Company Vancouver, BC “ Smith School of Business Smith School of Business at Queen’s University is renowned for its excellence, innovation and leadership in business education. From establishing the first undergraduate business degree a century ago to creating ground-breaking programs and courses in emerging areas including artificial intelligence, fintech, analytics, cultural diversity, team dynamics, social impact and more, Smith is at the forefront of preparing you for the business marketplace. In addition to its rich tradition of academic and teaching excellence, Smith is known for delivering an outstanding learning and development experience. Small class sizes, personal attention, individual and team coaching, opportunities for specialization, and a deep commitment to student success characterize the Smith experience. Recognized as a top global program by FTMBA | 9 I chose to pursue my MBA at Smith because of the team-oriented curriculum, the caliber of the alumni network, and the renowned academic vigour of the school. I’m pleased to say that these criteria were met and exceeded. Prior to Smith, I was playing professional football in the CFL and working as a project director for a non-profit. I used the MBA as a catalyst to make a transition that many athletes find difficult, and with the support of the program I was able to thrive during this precarious time of my life.” Andrew Lue, MBA Consultant Boston Consulting Group Toronto, ON “ Smith’s team-based approach and small class size enabled me to build strong relationships with classmates. I learned something new from teammates every day and we helped each other to become our best selves. The skills I gained from the team experience allowed me to interact and work effectively with a diverse group of people. These skills ultimately helped me transition from engineering to investment banking. I would definitely recommend the program.” Lina Yang, MBA Senior Financial Analyst Teck Resources Limited Vancouver, BC “ 10 | FTMBA Canada is a thriving and welcoming environment for business students. It was ranked #1 for Best Quality of Life (2020, U.S. News & World Report) citing its economic and political stability, strong job market, diversity, quality of education system, and safety. Kingston is a dynamic small city with great amenities, resources, events and attractions. Smith attracts students from more than 40 countries including full-time, exchange and international double-degree students. Our Application Advisors can assist you in understanding requirements for studying in Canada. For current and future events, go to visitkingston.ca and kingstoncanada.com Studying in Canada FTMBA | 11 GLOBAL PERSPECTIVE We prepare you to thrive in an increasingly global business environment — through Cultural IQ, an exchange opportunity and a global alumni network. Typically more than 40 per cent of your MBA classmates will come from outside Canada. Expand your perspective and build strong connections as you work in class, in teams, and on projects. Cultural IQ Smith School of Business has partnered with the Cultural Intelligence Center to help our MBA students strengthen their Cultural IQ, which assesses your ability to relate and work effectively in diverse situations. Learn how culture influences behaviour and thought processes, and gain effective strategies for managing in a multicultural environment. International Alumni Network On graduation become part of the powerful Smith School of Business and Queen’s University alumni network in more than 150 countries. Outside Front FTMBA | 13 ARGENTINA Buenos Aires Torcuato Di Tella University, Di Tella Business School AUSTRALIA Brisbane Queensland University of Technology AUSTRIA Vienna WU, Vienna University of Economics and Business BELGIUM Brussels Solvay Brussels School of Economics & Management BRAZIL São Paulo FGV EAESP, São Paulo School of Business Administration CHINA Beijing Cheung Kong Graduate School of Business Peking University, Guanghua School of Management Tsinghua University, School of Economics and Management Shanghai China Europe International Business School (CEIBS) Fudan University, School of Management Shanghai Jiao Tong University, Antai College of Economics & Management Shanghai Jiao Tong University, Shanghai Advanced Institute of Finance Tongji University, School of Economics & Management DENMARK Copenhagen Copenhagen Business School FINLAND Mikkeli Aalto University, School of Business FRANCE CergyPontoise ESSEC Business School Lyon EMLYON Business School GERMANY Leipzig HHL Leipzig Graduate School of Management Mannheim University of Mannheim, Business School Vallendar WHU — Otto Beisheim School of Management HUNGARY Budapest Corvinus University of Budapest, Corvinus Business School INDIA Bangalore Indian Institute of Management Bangalore Ghaziabad Institute of Management Technology, Ghaziabad Hyderabad Indian School of Business ITALY Milan Università Bocconi JAPAN Nagoya Nagoya University of Commerce & Business Tokyo Waseda University, Faculty of Commerce MEXICO Mexico City Universidad Panamerica, IPADE Business School NETHERLANDS Rotterdam Erasmus University, Rotterdam School of Management NORWAY Bergen NHH Norwegian School of Economics RUSSIA St. Petersburg St. Petersburg University, Graduate School of Management SINGAPORE Singapore National University of Singapore, NUS Business School SOUTH AFRICA Bellville University of Stellenbosch Business School SWEDEN Stockholm Stockholm School of Economics SWITZERLAND St. Gallen University of St. Gallen THAILAND Bangkok Chulalongkorn University, Faculty of Commerce and Accountancy UNITED KINGDOM Birmingham Aston University, Aston Business School London London Business School International Exchange Smith’s MBA program offers exchanges at more than 35 partner business schools around the world. Through this extensive international partnership network, there are enough places for every MBA student to participate in a short or long-term exchange.* Inside Back Inside Front *Seats at individual exchange partners cannot be guaranteed. FTMBA | 14 CLASS AND CAREER . Outside Front Accelerating Your Career Our faculty, staff, coaches and Career Advancement Centre team work closely with you to help you find the post-graduation job that showcases your skills and capabilities, and accelerates your career. $120,852 CAD average total compensation accepted a job offer within 3 months of graduation 98% (100% reporting rate) Class of 2021 FTMBA | 15 Class Profile 59% male 40% female Sample of Companies that Hire Our MBAs 36% Financial Services 26% Consulting Technology 13% Healthcare 6% Retail 5% Consumer Goods 4% Government 2% Non-Profit 2% Real Estate 2% Telecommunications 1% Marketing Services 1% Other 2% Employment by Industry Class of 2023 Class of 2021 CONSULTING • A.T. Kearney • Accenture • Boston Consulting Group • Capgemini • Deloitte • EY • KPMG • McKinsey & Company • PricewaterhouseCoopers CONSUMER PACKAGED GOODS/FOOD/ PHARMACEUTICAL • Johnson & Johnson • McCain • Maple Leaf Foods • Molson Coors • PepsiCo • Pfizer • Reckitt Benckiser • Unilever TECHNOLOGY & COMMUNICATIONS • Amazon • Adobe • Bell • Google • IBM • Microsoft • Rogers • Telus • Uber • Xerox ENTERTAINMENT/ MEDIA/ INFORMATION • Disney • Nielsen INVESTMENT & FINANCIAL SERVICES • Bank of America Merrill Lynch • BMO • Brookfield Financial • Capital One • CIBC • CPPIB • Credit Suisse • Dundee Capital Markets • Equitable Bank • HBC • Mackenzie Investments • Macquarie Group • Manulife • National Bank • RBC • Scotiabank • Sun Life Financial • Travelers • TD Bank • Waterton Global Resource Management CONSTRUCTION/ INFRASTRUCTURE/ REAL ESTATE • Aecon • Cadillac Fairview • Emma Capital • Oxford Properties MANUFACTURING/ INDUSTRIAL/ CHEMICAL/ ELECTRONICS • DuPont • Dow Chemical • GE • Honeywell • Tenaris • Texas Instruments ENERGY & RESOURCES • Atomic Energy of Canada • Haliburton • Imperial Oil • Shell • Suncor • Teck Resources • TransCanada LUXURY GOODS • Christian Dior HEALTHCARE • Hamilton Health Sciences • Harvard Medical School • Health Canada • Heart & Stroke • The Hospital for Sick Children • John Hopkins University • University Health Network RETAIL • Canadian Tire • Indigo • Loblaw • Staples • Tim Hortons • Walmart We’ll Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. Inside Back Inside Front average base salary delta vs. pre-MBA job of grads made at least one career transition (industry, function or city) 69% 93% 4.2 average years of work experience 78 students 28 average age The Full-time MBA has deliberately small class sizes and diverse student backgrounds which make for an outstanding learning experience. From countries including: Bangladesh, Bulgaria, Cameroon, Canada, China, Costa Rica, India, Ireland, Kenya, Lebanon, Mexico, Nigeria, Pakistan, Peru, Philippines, Portugal, Serbia, Turkey, and USA. Academic backgrounds include arts, business, economics, engineering, healthcare, law, sciences, technology, and more. 58% Canadian students 42% International students 1% non-binary FTMBA | 16 CURRICULUM Complete your MBA in 12 months and re-enter the workforce with the knowledge and skills to begin advancing your career. Our modern curriculum features relevant courses that align with employer needs. Through specializations including Digital Transformation and Management Analytics, you will gain a broad understanding of the global business environment and be equipped to handle today’s business challenges. Our integrated approach to teaching encompasses a variety of methodologies. This will allow you to develop a full understanding of business functions applicable to any industry. There are two modules: the Foundations Level, which provides an overview of business fundamentals; and Mastery Level, which enables you to choose an area of interest. Upon completion of the MBA, you may then choose to advance to the Expert level by pursuing a second Master’s degree in this area of specialization. Outside Front FTMBA | 17 Business Fundamentals Career Concentrated Electives Business Pre-MBA Preparatory Sessions Expert Level: Double-degrees Smith offers optional non-credit, one-day sessions in topics such as Accounting, Finance and Statistics, case preparation, and more. The Expert Level enables you to apply some of your MBA credits to a second Master’s degree. Currently there are five options: • Master of Finance • Master of Management Analytics • Juris Doctorate • Master of Science in Healthcare Quality • Master of Management in Artificial Intelligence There are multiple ways to pursue a second degree. Foundational curriculum covering the core management skills required to lead in business. Take eight elective courses and an optional area of specialization. Earn a supplemental certificate in that area of focus. Substantial team and individual project assignments allow for deep learning and practical application. Specializations are offered in the areas of highest demand such as: • Consulting • Finance • Marketing and Sales • Entrepreneurship and Innovation • Management Analytics • Digital Transformation • Business Analytics • Business and Corporate Strategy • Business, Government and the Global Economy • Economics and Industry Analysis • Finance Fundamentals • Financial Accounting • Introduction to Digital Business • Leading with Integrity • Managing Human Capital • Marketing Fundamentals • Negotiations & Conflict Management • Operations and Supply Chain Management • Professional Communication Skills • Integrated Team Project* JUL JAN FEB MAR APR MAY JUN AUG SEP OCT NOV DEC Inside Back Inside Front * Our project based courses offer a unique opportunity to work with Small to Medium Size Enterprises (SME) and put into practice what you are learning throughout the program. NEW ELECTIVES • Advanced Portfolio Management • Analytical Decision Making • Consumer Focused Marketing • Corporate Valuation & Mergers and Acquisitions • Creating & Executing Market-Based Strategy • Decision-making in Competitive Environments NEW • Digital Execution NEW • Digital Transformation NEW • Diversity and Inclusion in Organizations NEW • Dynamic Strategy Analysis NEW • Finance Strategy • Financing of New Ventures • Global Strategy • Management Accounting • Managing Agile Projects • New Venture Management • Organizational Intelligence & Strategy NEW • Pricing Analytics • Risk Management • Sales Management • Strategic Problem Solving & Insights NEW • Strategic Service Operations • Strategy Implementation & Change • Topics in Analytics NEW • Tri-Colour Venture Fund • Individual Project (mandatory)* FTMBA | 18 Let Us Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada, K7L 3N6 Toll-free: 1.888.393.2622 PROFESSIONAL DESIGNATIONS While completing your MBA at Smith, you can begin a professional designation: Options CERTIFICATE IN SOCIAL IMPACT Participating students have an opportunity to augment their degree with exposure to the dynamic world of social impact — exploring areas such as sustainability, social finance, social innovation, social entrepreneurship, and values-based leadership. By completing certain courses and participating in key events and volunteer activities, you can earn a Certificate in Social Impact. FTMBA | 19 ADMISSIONS We are looking for exceptionally talented and motivated individuals. Academic strength, career progress, leadership potential, and strong interpersonal and communications capacity are just some of the characteristics we are seeking for Smith’s MBA Class of 2024. Successful applicants will typically meet the following requirements: • A four-year (or international equivalent) undergraduate degree from a recognized university; • Two years relevant work experience; • An acceptable and complete GMAT or GRE score; • If applicable, an acceptable score on an approved English proficiency test (TOEFL, IELTS, PTE, or MELAB); • Two professional references; and • Completion of two video questions and one written response. In compelling cases, exceptions may apply. Candidates who meet the core requirements may be invited for an admissions interview. FTMBA | 20 Fees and Scholarships The MBA fee includes program enrollment, all books, case materials and other instructional supplies, events like case competitions, career related non-academic events, and executive coaching. The fees for Class of 2024 (starting January 2023) are $83,444 CAD for domestic and $104,100 CAD for international students.* All qualified candidates who submit a completed admissions application will be automatically considered for a number of entrance scholarships. There is no application fee. The Time is Now Admission to the Smith MBA is competitive. Applicants are encouraged to apply early as space and academic scholarships are limited. Complete applications are reviewed immediately upon receipt and admissions decisions are rendered after references are checked. Key Program Dates • Classes start — January • Early round major scholarship decisions — May 1 • International application deadline — September 1 • Late round major scholarship decisions — October 1 Let Us Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada, K7L 3N6 Toll-free: 1.888.393.2622 A22.0043 Financing Domestic students Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. Those accepted into the Full-time MBA Program can now apply for the Ontario Student Assistance Program (OSAP). Visit smithqueens.com/ftmba for detailed information on fees, scholarships and financing options. *Fees are subject to final approval from the Queen’s Board of Trustees FTMBA | 21 At Smith School of Business we provide a highly personalized experience from initial inquiry, through the admission process, during the program, and after graduation. From the start we will work with you to assess your fit for the program and help you apply for admission. We’re looking for outstanding individuals with stellar academic capacity, a great work ethic, the ability to work effectively in teams and strong interpersonal skills. For more information on the admission process and requirements go to smithqueens.com/ftmba LET US HELP YOU GET STARTED The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada K7L 3N6 Toll-free: 1.844.533.1651 smithqueens.com/ftmba A21.0064 Information in this brochure is accurate at time of publication. The Montreal advantage • Top 5 Best student cities in the world (QS Best student cities ranking) • #1 Safest city in North America (Statistics Canada) • #1 Most affordable major city in Canada and the U.S. (UBS Prices and earnings, 2018) Bienvenue à Montréal! Montreal consistently ranks as one of the world’s best student cities. Safe, clean and cosmopolitan, it offers a high quality of living at a low cost. In an affordable city with a vibrant atmosphere, Montrealers thrive on great food and culture, getting around by using its world-class cycling and public transportation infrastructure. Located in the vibrant heart of downtown Montreal, Concordia University’s John Molson School of Business is one of Canada’s leading business schools. Practical. Flexible. Experiential The John Molson MBA is a practical program in every possible way. We look at management practices from a holistic and interdisciplinary perspective. Our flexible program allows you to create a schedule that fits your life while you acquire the comprehensive skills employers want through our case-based and experiential learning approach. MBA 650 Crafting and Implementing Successful Strategies MBA 647 Managing People in Organizations MBA 648 Business Process Management MBA 649 Strategic Managerial Accounting and Control MBA 643 Managerial Analytics MBA 644 Marketing Management MBA 645 Economics for Organizational Decision Making MBA 646 Financial Management MBA 642 Financial Reporting for Responsible Decision Making MBA 641 Responsible Manager MBA 640 On Ramp (no credit) Class profile Designed as a two-year, 45-credit program, the John Molson MBA may be completed in as little as 16 months by taking summer classes. It covers a wide array of business topics to strengthen your strategic decision-making and critical thinking abilities. On-ramp Comprised of several quantitative modules, this online course will give you invaluable tools to prepare for the rest of the MBA program. Core (30 credits) Our case-format core begins with an overview of ethics, sustainability, and the role of organizations in society. You will then develop the practical expertise needed to manage specific business areas and finally apply it to cross-functional business problems. Join a diverse network Expand your network and learn from students who come from all over the world, bringing together a diverse range of backgrounds. Our small class size allows for close-knit interactions with your peers. Seize the opportunity to gain practical skills while earning credits toward your degree. The hands-on experience, practical knowledge and network developed through these options add tremendous value to your profile. Personalize your experience by tailoring the program according to your interests, motivation and career goals. Electives (15 credits) Compete Experience Explore ICOP Social Business Case Competition Live Case Challenge MBA Case Competition Organizer and Participant MBA International Case Competition Executive Van Berkom Small-cap Investment Case Competition CEO shadowing Co-op paid internship Concordia Small Business Consulting Bureau Community Service Initiative Van Berkom Investment Management Program International exchange Business research paper Elective courses in: • Accounting • Business Technology Management • Data Analytics (SAS certification available) • Finance • Management • Marketing • Supply Chain Management • Surgical Innovation CEO shadowing Unique to JMSB is the opportunity to learn to lead by shadowing a top executive. This special feature of the Co-op paid internship program allows MBA students to work alongside the CEO of a small or medium-sized enterprise for up to 15 weeks. Tap to learn more Continue developing your skills and leadership style by getting involved outside of the classroom. Every year, our students participate in a wide array of case competitions, community initiatives and networking activities, taking their education and careers to the next level by applying what they have learned in a practical way. Getting involved in extra-curricular activities is an excellent way to set yourself apart while making connections that will last a lifetime. • International Community Outreach Program • John Molson Graduate Student Association Speaker Series • John Molson Entrepreneurship Club • John Molson Graduates Investment Club • John Molson Sustainable Business Group • John Molson Women in Business Club • MBA Case Competition Committee • MBA Society • Briscoe Business Ownership Club • John Molson Project Management Club Experiential learning was the highlight of my MBA. Case competitions exposed the intricacies of a wide range of industries and inspired me to pursue a career in sustainable investing. Many opportunities and important insights arose out of my involvement and I feel privileged to be a part of the JMSB community. Winnie Hu (MBA’19) Get involved as an organizer or compete against the world’s very best teams. Open to top business schools worldwide, the John Molson MBA International Case Competition is recognized as the largest case competition of its kind. Our annual, not-for-profit event welcomes 36 teams from universities across the globe for a weeklong competition at the start of January and is organized by a team of MBA students. As part of the John Molson International Case Competition, I gained access to incredible mentorship from a board of directors composed of C-Level executives. Their advice and outlook on the challenges we faced as a team had a huge impact on my professional development. It was also through ICC that I built my strongest and most lasting friendships in the MBA. Evan Baker (MBA’20) Tap to learn more Dedicated to your success, Career Management Services supports all students and alumni in their professional endeavours and provides relevant resources to help you reach your career goals. • Personalized support for résumé and cover letter writing, job search, interview preparation, job offer negotiation, LinkedIn / digital brand management and dining etiquette. • Graduate Student Elevator-Pitch Day • C-RISE program for international students (career seminars, networking events, etc.) Yingying Zhang, Bombardier (Strategy Intern), Montreal Sample of employers who recruit JMSB graduates Karolyne Courville, Deloitte (Consultant), Montreal Sapandeep Singh Randhawa, CIBC (Associate, GLDP) Toronto Tap to learn more “The John Molson School of Business allowed me to meet and work with high-achieving, motivated individuals of the highest caliber, who pushed me to better myself and strive for excellence. The experiential learning opportunities provided by the MBA program were key to my personal and professional growth.” – Paola Sunye An MBA is a significant financial and time investment, which is why it is important to find the right fit to achieve your personal and professional goals. At JMSB, we take a holistic approach to admissions and assess you based on your work experience, intellectual abilities, leadership potential and communications skills. Tuition fee*: $6,000 (Canadians / Permanent Residents - Quebec) $14,000 (Canadians / Permanent Residents – other) $40,000 (International) *Approximate total tuition. Merit-based scholarships are available to candidates applying by March 1. What you need to apply: Transcripts of undergraduate degree 3.0+ GPA GMAT 580+ TOEFL / IELTS* 95 / 7.0 CV / Resume Required: 2+ years of relevant working experience Statement of purpose (500 words) 3 letters of reference Video interview More questions? Connect with a recruiter! gradadvisor.jmsb@concordia.ca 514-848-2424, ext. 2716 Application deadlines September admission March 1 Round 1 – International & Scholarships May 1 Round 2 June 1 Round 3 – Canadian / Permanent Residents January admission June 1 Round 1 – International October 1 Round 2 – Canadian / Permanent Residents Tap to learn more 1450 Guy Street MB 6.201 (6th Floor) Montreal, Quebec H3H 0A1 Email: gradadvisor.jmsb@concordia.ca CONCORDIA.CA/MBA T20-62246

An MBA is a graduate-level business degree designed to give professionals the critical knowledge they need to step into management and leadership roles in companies. It's a prestigious symbol to an employer that you are steeped in the art and science of business management and can apply your expertise to a wide range of industries, from accounting and finance to marketing, international business and many more. MBA stands for Master of Business Administration. At its core, it's a degree that can help you learn to solve complex business problems, give you the expertise to lead across departments and industries and offer the skills you need to succeed in a fast-paced, evolving job market. "The Master in Business Administration prepares professionals with foundational and core knowledge to develop the know-how to manage, lead and solve problems in complex global business environments," said Dr. Katie Carpen, an associate dean of business administration at Southern New Hampshire University (SNHU). What Are MBA Courses All About? Unlike many other degree programs that often focus on knowledge and skills specific to a particular industry, you can apply the learning you do in an MBA program to management roles across an almost impossibly diverse group of fields, said Carpen. "The MBA remains the premier degree for business students and provides learners with the opportunity to develop knowledge, skills and abilities that employers seek in generalists, specialists, strategists or entrepreneurs," she said. "The MBA curriculum shows the interconnectedness of business functions, processes and people." The coursework of MBA programs — which generally includes readings, lessons, projects and internships–often “integrates cross-cultural, geopolitical and systems knowledge,” Carpen said. Courses are designed to help learners: Identify and assess problems to find or create solutions Make ethical, legal, sustainable and data-driven decisions Operate and lead in complex business environments “In a program like ours, (students) can build their confidence as researchers and develop their academic voice, which in turn supports their professional or consultative voice,” said Dr. Kimberly Blanchette, academic associate vice president of STEM and business programs at SNHU. Is Getting an MBA Hard? Like all types of graduate degrees, earning an MBA is intended to challenge you so you can advance as a professional. You'll likely encounter new concepts and situations that can help you develop your skills in problem-solving, critical thinking, decision-making and people management, among others. Some MBA programs approach course material with practical applications in mind. At SNHU, for example, MBA courses use scenario-based learning, allowing students to consider their approach to realistic business problems and decisions. This means you'll be better prepared to apply learning outcomes to situations that arise in your professional life. It's important to note: You won't be going through the program alone, even if you're earning your MBA online. Your instructors are there to provide clarity and support as you work through subject material — and they can answer questions you might have along the way. Some schools also offer free tutoring services available to you no matter what day or time you're completing coursework. Should I Get an MBA? As a business professional, you can benefit from an MBA in many ways, including increasing your knowledge of advanced business concepts and strategies and gaining greater flexibility in your career options. The Graduate Management Admissions Council (GMAC) conducts an annual survey of hiring managers and recruiters. The group's 2022 Corporate Recruiters Survey shows 92% of the U.S. companies that responded planned to hire people with MBAs (GMAC 2022 PDF Source).* [Image: A blue infographic with the text GMAC survey shows 92% of U.S. companies plan to hire MBA grads in 2022] An MBA can be a tool to advance your career in nearly any industry, from business to finance and in disciplines such as engineering, information technology and healthcare. "Everything is business as you progress up the ranks of leadership," said Kate Noor, an academic advisor and adjunct faculty at SNHU. "An MBA is great for those in a 'traditional' business setting, but every industry has room for an MBA in some capacity. What you learn is beyond just crunching numbers. You're also learning how to motivate your workforce and how to be an ethical and effective leader." [Image: Terrell Wong with the text Terrell Wong] Terrell Wong '19MBA, a director on Major League Soccer’s LA Galaxy partnership activation team, earned his MBA online at SNHU. He said it improved his understanding of business in general, but also some of the projects the Galaxy and its parent company, AEG, are involved in. In addition to having the credential under his belt — and on his resume — he said the program deepened his knowledge and skills, preparing him for new career opportunities. “For me, to get the MBA in Marketing... has really given me an opportunity to open up and jump at any opportunity that comes,” he said. What Does an MBA Do for You? Earning an MBA is ideal if you're interested in advancing on the corporate ladder. While it depends on the size and type of company you work for and your professional experience, most MBA holders are qualified for middle or senior-level management positions, Carpen said. [Image: Kelly Charest with the text Kelly Charest] “When it comes to the professional value of earning an MBA, the driving factors usually include enhanced marketability, earning potential, transferability, domain knowledge and skill sets that are essential to the business environment,” she said. “An MBA program develops a person’s critical, creative and strategic thinking all within the scope of starting, running or growing an organization.” For Kelly Charest ’21, an MBA unlocked new possibilities for her. She started her MBA program hoping to advance her career, and upon completing her degree, she did just that. “Within a few months of graduating, I received a job offer for a position that offered me a great deal of advancement and promotion,” said Charest. An MBA Gives You a Recognized Credential [Image: Dr Kimberly Blanchette with the text Dr Kimberly Blanchette] An MBA from an institution accredited by the Accreditation Council for Business Schools and Programs (ACBSP) or another major accrediting body carries a certain prestige and reputation — one that is recognized around the globe. That’s because graduates with an MBA are generally considered masters in understanding business, especially from a strategic leadership perspective. “It’s a respected credential that signals to employers a person’s ability to look at business administration in a holistic, strategic manner while also understanding how the specific functional units work separately together,” Blanchette said. More companies than ever are planning to hire new MBA graduates, and recruiters are increasingly trusting of the training and education a business degree provides, according to GMAC. Since more recruiters think business degrees successfully prepare workers for the field, these degrees now have more real-world value. An MBA Can Improve Your Versatility and Stability [Image: A blue infographic with the text An MBA can: Give you a recognized credential; Improve your versatility and stability; Help you network; Increase your earning potential] Technology, including artificial intelligence and machine learning, is changing or even disrupting entire industries. “In the long term, MBA graduates are much more versatile employees with regard to where and how organizations can make the best use of their talents,” Blanchette said. “As technology takes care of the more basic types of tasks or services, employers want people who can critically think and reason, who can analyze and leverage data, which is what an MBA prepares a person to do." The knowledge and skills of MBA graduates prove advantageous across various disciplines, industries and organizations, especially relative to other master’s degrees. For example, when comparing an MBA to a master’s degree in a related field (such as information technology, accounting or data analytics), the MBA offers a cohesive, well-rounded curriculum, which can benefit a range of professionals, whether they’re in strategic, operational, generalist or specialist positions. “That’s really the driving force behind the ‘MBA preferred’ language you often see included in position descriptions,” Carpen said. An MBA Can Help You Network Another benefit to being enrolled in an MBA program is the networking and connections learners make with the faculty, classmates (who are often fellow professionals or entrepreneurs), alumni, guest speakers and more. Upon graduation, you'll also enter into your institution's alumni network — and at a university like SNHU, that's over 200,000 alumni. This is a valuable resource that allows you to connect with and learn from a growing number of MBAs for years to come. In addition, both before and after graduating, MBA students and degree holders can often join professional associations, such as the: Association of MBAs National Black MBA Association Reaching Out MBA An MBA Can Increase Your Earning Potential There are also salary considerations when thinking about earning your MBA. According to GMAC, median starting salaries for MBAs at U.S. companies were estimated at $115,000 in 2022.* That's almost double the average salary for workers in the United States, as noted by the U.S. Bureau of Labor Statistics (BLS).* An MBA also might help you land a higher-paying role at your current place of work. BLS noted some of the best-paying business positions and their average salaries in 2022: Chief executives: $246,440 per year* Financial managers: $166,050 per year* Marketing managers: $158,280 per year* Sales managers: $150,530 per year* What Can I Do With an MBA? [Image: Dr. Katie Carpen with text Dr. Katie Carpen] One of the most critical steps to finding success with your MBA degree is applying your learning to the real world, whether that's in your current job, embarking on a new career path or even launching your own entrepreneurial endeavor. As a business generalist, you can fill a variety of functions at a company. Carpen recommended identifying where there are frequent job openings and your career goals. If you notice any overlap, that could be a perfect focus for your studies. In many MBA programs, you will have the opportunity to personalize your degree and advance your expertise in a specific area of business with elective courses or degree concentrations. Be sure to research concentration options at your university; there may be many you aren't aware of — at SNHU, for example, there are 17 different concentrations to consider. "For instance, an MBA with a concentration in business intelligence, operations management or project management may provide more career opportunities within the respective fields," Carpen said. The types of MBA concentrations can include both general business fields and industry-specific subjects, such as: MBA in Business Analytics MBA in Finance MBA in Healthcare Management MBA in Human Resources MBA in Project Management [Image: Cristina Velez and the text "Cristina Velez"] You can also begin your program, see what types of courses best grab your attention, and then decide how to focus your degree. “Our advice to students that are unsure of MBA concentrations is to work on core classes first and decide at the end of the program which area they were more attracted to or enjoyed the most," said Cristina Velez, an assistant director of academic advising at SNHU. "We also advise students to go talk to their career advisor and navigate the different careers in different business areas, to make sure they choose a concentration where they will see themselves succeed." Dr. Thomas Scott '15MBA had already completed his undergraduate degree, medical school and a 4-year residency and was leading a series of urgent care centers when he decided he needed to learn the language of business. It was an MBA degree that helped him develop the skills he needed. [Image: Dr. Thomas Scott with the text Dr. Thomas Scott] “As I got further along in my professional career, I realized the need for more education,” Scott said. “I didn’t think about it until I was far into the administrative part, thinking the people sitting in front of me were speaking a language I didn’t. That’s when I realized I needed to go back (to school) and learn it. I need to understand what these people were saying if I wanted to work forward.” Scott chose a concentration in healthcare informatics, which paid dividends in his role leading a small team of administrators. “A lot of my MBA comes into play because we have a lot of decisions to make, and we’re not a giant corporation with people telling us what to do,” he said. Adding a specialization within your MBA program can also help make you uniquely qualified for specific roles within a company. The GMAC 2022 Corporate Recruiter's Survey found that hiring demand was highest in healthcare, consulting, technology and energy/utility industries. A 2019 version of the report goes on to identify the top jobs by industry (GMAC 2019 PDF source): Consulting: Information technology, engineering management and economics Energy: Engineering management, information technology, economics Finance/Accounting: Economics, information technology, risk management Healthcare: Health administration, marketing, supply chain management Technology: Information technology, engineering management, supply chain management Manufacturing: Supply chain management, engineering management, information technology Nonprofit/Government: Public administration, health administration, educational leadership Products/Services: Marketing, supply chain management, information technology MBA Degree Requirements and Preparation While MBA admission rules often vary among programs and institutions, a bachelor's degree is a standard requirement to enroll in any master's level program. Prerequisites for an MBA: Earn a Bachelor's Degree While having prior business education experience can be beneficial when enrolling in an MBA program, most programs do not require that an applicant hold a business degree to apply. "Earning an MBA is an option for any learner with a bachelor's degree," Carpen said. "Most MBA programs require students without a bachelor's degree in business to complete prerequisite foundational courses in core business content, such as business math, statistics, finance, accounting and economics." You may also be able to use approved prior learning assessments or testing tools to prove your knowledge in these content areas and meet program requirements while saving time and money on foundational courses, Carpen said. Find the Right Program: Consider Goals, Do Research Once you've decided to go back to school, it's important to consider your reasons for getting an MBA. With so many programs available, knowing what you want will help you find the right one. For example, going to school might be your full-time job right now, and you prefer to learn in person. Attending a traditional brick-and-mortar college could work for you. Or, maybe you're working and supporting a family, and going to school online is the best option. Some online programs offer rolling admission and terms year-round, meaning you can start and finish faster. At SNHU, for example, you can earn your MBA online in just over one year if you take two classes at a time. Know what's important to you when it comes to earning an MBA and do your research. The Application Process: Gather Necessary Materials Most universities require a graduate application and undergraduate transcripts from the college or university where you completed your bachelor's degree, according to the Princeton Review. Some programs might also have other requirements, such as sitting for an admission interview or submitting an essay, resumé or letters of recommendation. You might also be asked to take an entrance exam. Many schools require the Graduate Management Admission Test — or GMAT — to assess analytical writing, integrated reasoning, quantitative and verbal skills, and some use GMAT results to determine admission eligibility. But like many standardized tests, the GMAT’s effectiveness has long been debated. Does it accurately measure subject knowledge or how well a person prepares for a specific test? Some schools, including SNHU, have designed MBAs that don’t require GMAT scores. This saves you time and money. By not having to shell out a few hundred dollars per test, you could put those savings toward books for your first few classes. While costs are a concern, the other big place that people like to save comes in the form of time. Preparing for the exam can be time-consuming, especially for adult learners who are already carving out time to further their education. Consider Costs: How to Pay for Your Degree Another essential step toward enrolling in an MBA program is determining how you'll pay for your degree. Luckily, there are several approaches you can consider. Financial aid may be available for those who apply and qualify through the Federal Application for Financial Student Aid (FAFSA). Private student loans may also be an option to finance your degree, and there are many types of scholarships that might be of interest to you. If you're earning your MBA while working full-time and hoping to advance your career within your current organization, you may also qualify for tuition reimbursement as an employee benefit. Be sure to check with your human resources department about any educational benefits your company offers. [Image: Kate Noor with text Kate Noor] While there are not as many MBA scholarships available as undergraduate scholarships, there are some opportunities if you're willing to put in the time and effort to apply for them, Noor said. "Every school has different options, so always do your research, as you should with any large investment of your time and money," she said. Don't be afraid to reach out to your college or university's Student Financial Services office to speak with a counselor about your options. Charest earned her bachelor's in communication at SNHU and thought it was a no-brainer to continue on to her MBA. She knew the cost was reasonable, and the online courses were worth it for the education and support she would receive. “The price was comparable if not better than other options, but being an alumnus, it allowed me to just step right back in with a lot of ease,” said Charest. “I also enjoyed how responsive, helpful and proactive the academic advisers were.” And be aware that there are big differences in tuition costs between the MBA programs at different universities. By doing your homework, you can determine which school offers the MBA program that is the best value for achieving your goals. Is it Worth Getting an MBA? An MBA can be beneficial to business professionals for many reasons. Some of the main benefits Carpen cited included: Developing an authoritative voice through critical and strategic thinking Enhancing your knowledge, skill set and ability to make evidence-based decisions Strengthening your professional communication skills Increasing your marketability by earning a degree that mixes the hard and soft skills employers are looking for Before embarking on her career in higher education, Carpen was a recruiter for Fortune 500 companies and found that those employers were interested in hiring MBA holders because they are known for their "critical, creative and strategic thinking to start, run or grow an organization." Especially if you are like so many professionals interested in an MBA who already have a full-time career as well as family responsibilities to balance, an online program may give you the flexibility you need. Studying online can allow you to fit your learning into your daily life, taking as many courses each term as you can handle and accessing course materials at the times that work best for your schedule. "It's all about finding the balance that works for you," Noor said. "At the end of the day, take the time you need to do well. And make sure you take some time in your week to do something for you. ... Make sure you are prioritizing what is important, whatever that looks like for you. Without these things, you cannot learn properly." Discover more about SNHU’s MBA program: Find out what courses you'll take, skills you’ll learn and how to request information about the program. *Cited job growth projections may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth. Actual salaries and/or earning potential may be the result of a combination of factors including, but not limited to: years of experience, industry of employment, geographic location, and worker skill. Joe Cote is a staff writer at Southern New Hampshire University. Follow him on Twitter @JoeCo2323. Explore more content like this article [Image: A group of professionals discussing what operations managers do] What Does an Operations Manager Do? Sep 21, 2023 Business Whether building processes for multi-national businesses or identifying logistical hurdles to save costs, operations managers keep organizations running. If you're interested in driving efficiency at work, see if operations management is the right career path for you. [Image: Two human resources professionals in discussion at a meeting.] A Closer Look: What is Human Resources? Sep 20, 2023 Business Human resources is an integral part of any organization, playing a key role in the strength and vitality of its workforce. While HR roles can vary, the overall goal of the field is the same: to support employee recruitment, retention, engagement and overall productivity. [Image: Two professionals with business degrees reviewing information on a laptop.] What Can You Do with a Business Degree? Sep 19, 2023 Business A business degree is a course of study that allows you to explore the business world. Studying business offers students a lot in terms of preparation for the workplace. Being skill-forward and workplace-relevant keeps business degrees positioned as one of the most popular degree fields around. About Southern New Hampshire University [Image: Two students walking in front of Monadnock Hall] SNHU is a nonprofit, accredited university with a mission to make high-quality education more accessible and affordable for everyone. Founded in 1932, and online since 1995, we’ve helped countless students reach their goals with flexible, career-focused programs. Our 300-acre campus in Manchester, NH is home to over 3,000 students, and we serve over 135,000 students online. Visit our about SNHU page to learn more about our mission, accreditations, leadership team, national recognitions and awards. Daniel is a MarketWatch Guides team writer and has written for numerous automotive news sites and marketing firms across the U.S., U.K., and Australia, specializing in auto finance and car care topics. Daniel is a MarketWatch Guides team authority on auto insurance, loans, warranty options, auto services and more. Writer Edited by: Rashawn Mitchner, Edited by: Rashawn Mitchner Managing Editor Rashawn Mitchner is a MarketWatch Guides team editor with over 10 years of experience covering personal finance and insurance topics. Senior Editor For the most part, getting new car insurance is pretty similar to buying coverage for any other vehicle. There are some particulars, however, and you may have different needs when it comes to insuring a new car than if you were protecting a used one. We at the MarketWatch Guides Team take an in-depth look at how to get auto insurance for a new car, from the essential types of coverage to how much it might cost you. We also share a few recommended providers from our 2023 list of the best car insurance and cheapest car insurance companies to help you get started. Key Takeaways: Most dealers and dealerships require you to have car insurance before you purchase a new vehicle. Some insurance companies offer a grace period, which allows you to purchase and drive a new vehicle for a set amount of time without starting a new insurance policy. The best way to get new car insurance is to shop around and get car insurance quotes to find the right provider for you. Related Resources Cheapest Car Insurance 10 Largest Car Insurance Companies in the U.S. Best Car Insurance Companies Average Cost of Car Insurance In this review: When To Buy Insurance for a New Car How Much Does Insurance Cost for a New Car? How To Get Insurance for a New Car New Car Insurance Coverage New Auto Insurance: The Bottom Line New Car Insurance: FAQ Compare Car Insurance Rates Answer a few simple questions to save money on your policy Compare Rates × Compare Car Insurance Rates Get matched with a top provider and compare instant quotes in just a few clicks Compare Rates Powered by When To Buy Insurance for a New Car You should get insurance for a new car as soon as possible since most vehicle dealerships require proof of insurance before you drive off with a new vehicle. However, when you need to get the insurance depends on whether the dealer offers a grace period, which gives you time after purchase to get a car insurance policy. Even with this in mind, we recommend that you compare policies from multiple car insurance providers before purchasing a new car. New Car Insurance Grace Period If a company offers a grace period, it typically lasts seven to 30 days from the date of purchase. This grace period is a set amount of time in which you’re allowed to drive your vehicle without starting a new insurance policy. Whether you have a grace period depends on a few factors, including: Insured status: One reason you may have a grace period is that you are rolling over your previous insurance policy into a new one. In this situation, your old coverage types and limits may apply until a new car insurance policy starts. Insurance company: Grace period rules can vary significantly by insurer. For example, Progressive allows for a 30-day grace period, while some providers have none at all. Since grace periods vary from company to company, it’s best to figure out exactly what your policy will allow for. You can find this information in the fine print of your contract, but it may be easier to ask an insurance agent. When Does a New Car Insurance Policy Start? If you buy insurance before taking ownership of a new car, the policy will begin the moment you drive your vehicle off the lot. This is often required by dealerships because it’s illegal for anyone to drive without auto insurance. You’ll need the following information on hand to start a new car insurance policy before buying the vehicle: Purchase price Vehicle identification number (VIN) Your contact information Most car insurance providers will be able to start your policy within 24 hours. You can even find same-day insurance from many auto insurance companies. How Much Does Insurance Cost for a New Car? According to our research, the national average cost of full-coverage car insurance is $1,730 per year. Your premium, however, is likely to vary based on personal and car-specific factors. Technically speaking, whether a car is new or used doesn’t factor into your premiums. However, you’ll see rates go up for a new car if it’s more expensive overall than your previous car. Best Insurance for New Car In our research, we found that State Farm tends to be the best overall car insurance provider due to its affordable rates, coverage options and customer service. However, there are several other providers worth considering as well, if you’re looking for the best insurance for your new car. Car Insurance Provider Overall Rating Annual Cost Estimate State Farm 9.3 $1,481 USAA 9.2 $1,054 Geico 9.1 $1,308 Erie Insurance 9.0 $1,238 Travelers 9.0 $1,669 Liberty Mutual 9.0 N/A Auto-Owners Insurance 8.8 $1,337 Progressive 8.7 $1,611 Nationwide 8.7 $1,281 Country Financial 8.6 $1,295 What Factors Affect New Car Insurance Costs? The value of your vehicle is just one of many factors that insurers use to determine premiums. When you insure any vehicle, new or used, several things are taken into account, like your age, driving history and credit score. [Image: Icons showing the factors that influence the cost of car insurance] Here are additional factors that affect the cost of car insurance: Age: Younger drivers and especially teen drivers typically pay higher premiums than drivers in other age groups. How long you’ve had a driver’s license can also be a factor, as experience usually leads to responsible driving behaviors. Driving history: A clean driving record gives you access to the lowest rates. Any at-fault accidents, speeding tickets or driving under the influence (DUI) violations could greatly boost your premiums. Credit score: In states where it’s legal, insurance companies typically charge drivers with poor credit scores more for coverage than those with average or good scores. Location: Car insurance rates vary from state to state, but they also vary within states. Those in New York City or in one of California’s urban areas will often pay far more for coverage than drivers in rural regions nearby. Marital status: Some insurance companies charge married drivers less for coverage than drivers who are single. Types of coverage: The types of insurance that you include on your policy make a big difference in what you’ll end up paying. Minimum coverage policies will usually be the cheapest, with additional coverages increasing your cost. Coverage limits: The limits you set for insurance coverage play a major role in your premiums. Generally speaking, your monthly premiums will be less if you have lower coverage limits. Deductible: Your deductible, which is the amount you’ll pay out of pocket for repairs or a total loss claim, can also affect your insurance premium. In most cases, your premium will be less if you have a high deductible on your new car insurance policy. Discounts: Most insurance companies offer discounts on their coverage. One of the most common is a bundling discount for combining your auto insurance policy with other insurance products such as homeowners, renters or life insurance. How To Get Insurance for a New Car Buying a new car insurance policy is mostly the same as getting insurance for any other car. With most insurers, you should be able to find coverage, purchase it and start your policy while you wait at the dealership. Getting New Car Insurance The process for getting new car insurance coverage is relatively simple. You’ll just need to follow these steps: Prepare the information needed to start getting quotes. This includes the car’s VIN number, purchase price and your contact information. Start shopping for free quotes. You can compare car insurance quotes online quickly and easily with most providers. We recommend getting estimates from at least three providers before making a decision. Choose your insurance provider and plan. Pick the quote that offers you the best combination of cost and peace of mind. You should be able to start your auto coverage policy almost immediately. Give the dealership your new insurance card. Most companies now offer a mobile app that allows you to pull up your insurance card whenever you need it. You’ll be able to send this to the dealership to get your keys, usually through an emailed PDF copy. New Car Insurance Coverage For the most part, new cars don’t require any different types of insurance coverage than other vehicles. The kinds and amounts of coverage you need depend on other factors, such as where you live and whether your lender has extra requirements if you take out a new car loan. [Image: A table that shows what the six standard types of insurance do and don't cover and where they're required] State Minimum New Car Coverage Requirements Each state has its own minimum insurance requirements. Usually established by the state’s department of motor vehicles (DMV) or a similar agency, these standards often vary widely. You can find your state’s requirements and our recommendations for providers with cheap rates by clicking your state on the map below: Click a state to learn more about the cheapest providers in that state. COMPARE RATES Standard Types of Required New Car Insurance State minimum requirements are almost always made up of some variation of the auto insurance coverage options listed below. Bodily injury liability insurance: Covers lost wages and medical bills for other parties in an accident for which you’re found at fault. Property damage liability coverage: Covers the cost of damages to other vehicles and property involved in an accident that you caused. Personal injury protection (PIP): Covers medical expenses and lost wages for you and other members of your party, no matter who caused an accident. Medical payments (MedPay): Covers medical bills but not lost wages for you and your party, regardless of who is found at fault for a collision. Underinsured motorist/uninsured motorist coverage: Covers your property and injury claims if an at-fault driver doesn’t have sufficient coverage to pay for them. New Car Insurance Requirements Some lenders require borrowers to carry new car insurance add-ons that cover damages to the vehicle in every circumstance. This is meant to protect the lender’s financial interest. That’s why you may be required to carry additional coverage options like these if you take out a loan to buy a new car: Collision coverage: Covers damages to your vehicle regardless of who is found at fault for an accident. Comprehensive coverage: Covers damages to your vehicle from sources other than accidents such as fires, theft or vandalism. Gap insurance: This type of insurance covers the difference between what you owe on a vehicle and what it’s worth in the event of a total loss. Loan or lease payoff: Covers the remaining balance on an auto loan or lease in the event of a total loss. New Car Insurance Additional Coverage Options While standard options are mostly the same from one provider to the next, many insurance companies differentiate themselves through additional choices. Many of these add-ons help to manage other aspects of new car ownership, such as breakdowns and emergencies. Some of the most common optional coverages you’ll find are: Roadside assistance: Covers the cost of emergency roadside services such as towing, fuel delivery and flat-tire repair or replacement. Rental reimbursement: Covers the cost of a rental car while your vehicle is being repaired or replaced. Mechanical breakdown insurance (MBI): Covers repairs to certain car components following a breakdown, similar to an extended car warranty. Rideshare insurance: Covers you during downtime if you drive for a rideshare company like Lyft or Uber. Travel expenses: Covers food, lodging and other travel costs if you can’t use your car following a covered loss away from home. Most auto insurers offer unique lineups of optional new car insurance coverages. You can learn about all available options as well as what each plan covers by speaking with an agent. [Image: List of common services found with roadside assistance programs at insurance companies] New Auto Insurance: The Bottom Line It’s best to get auto insurance for a new car before you buy it — and in many cases you’ll be required to. Thankfully, you have the ability to quickly get car insurance quotes online or over the phone with policies that can start the same day, if needed. We recommend that you compare car insurance quotes from multiple insurers before purchasing a new vehicle. New Car Insurance: Recommended Providers It’s so easy to shop around for car insurance that you can probably do it while you wait for the financing department or another delay that’s involved in buying a car. Our team recommends State Farm and Travelers as good places to start your search. State Farm: Editor’s Choice State Farm is the nation’s largest insurer and it earned the highest score of all providers in our 2022 insurance study. Drivers can often find inexpensive new car insurance through State Farm, and the company also offers an extensive selection of additional coverage options. With a large number of insurance discounts to choose from, State Farm policyholders can get the coverage they want at affordable rates. Keep reading: State Farm insurance review Travelers: Most Coverage Options People looking to cover as many parts of their new cars or motorcycles as possible may want to look at Travelers. In our 2022 insurance study, we found that the company has an ample coverage portfolio, with many of Travelers’ choices appealing to owners of new vehicles. For example, Premier New Car Replacement® will cover the cost of a brand-new replacement of the same make and model in the event of a total loss. Keep reading: Travelers insurance review Compare Car Insurance Rates Get matched with a top provider and compare instant quotes in just a few clicks Compare Rates Powered by New Car Insurance: FAQ Below are some frequently asked questions about new car insurance. Our Methodology Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list. Here are the factors our ratings take into account: Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration. Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs. Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score. Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category. Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis. Our credentials: 800 hours researched 45 companies reviewed 8,500+ consumers surveyed *Data accurate at time of publication. Related Articles How To Buy Car Insurance Online Can You Get Car Insurance With No Credit History? Car Insurance When Leasing What Are the Cheapest Cars To Insure? (2023) Why Did My Car Insurance Go Up? Why Is Car Insurance Mandatory? Why Is Car Insurance So Expensive? Car Insurance Premiums New Car Insurance Types of Car Insurance How A Speeding Ticket Affects Your Car Insurance What Is Comprehensive Insurance?

Go beyond a traditional MBA and conventional thought by pushing the limits of what a Full-time MBA degree can provide. Ranked among the best Full-time MBA programs, Emory's Two-Year MBA is the only top-20 MBA program with world-class academics and small-by-design classes delivered in a dynamic, global city. The Emory Full-time MBA degree offers the best of everything...intimate classes where you’ll receive high-quality, personalized feedback from professors and get to know your classmates, unique experiential learning opportunities to maximize learning, access to a global business city with startups and Fortune 1000s alike, and an internationally-recognized MBA degree. Our thoughtfully designed, comprehensive Full-time MBA degree delivers problem-solving and leadership skills to ensure you are “Day One Ready.” Through client-focused projects, hands-on leadership training, and immersive global exposure, you’ll customize an academic experience aligned to your professional and personal goals. Goizueta consistently ranks among the best Full-time MBA programs for employment because we develop our career services to support your individual career goals. Access internship prep before you even set foot on campus and work with a personal career coach matched to your interests. At Goizueta, you'll find invaluable resources and engaged alumni to support every step of your career journey. Skip to main content 中文 University of Western Australia LOGIN SEARCH MENU UNKNOWN Master of Business Administration (MBA) Intensive Our MBA Intensive gives you the opportunity to enhance your career prospects through more direct contact with business leaders and a personalised leadership development program. Save Apply COURSE DETAILSCAREERS & FURTHER STUDYFEES & SCHOLARSHIPSADMISSION REQUIREMENTSHOW TO APPLYCONTACT US SAVEAPPLY Course details In this accelerated program, our cohort-based MBA Intensive offers an accelerated course of study that will enhance your career prospects anywhere in the world. The strong leadership focus is tailor-made for the next generation of leaders and influencers. The UWA MBA experience The practical business and leadership skills that you will acquire from an MBA makes it one of the most valuable graduate degrees for your career. An MBA provides you with a competitive advantage in the job market by equipping you with the knowledge, skills and professional network to add immediate value to your organisation. An MBA can also adjust your career goals, lead to new opportunities and open new pathways to success that were not available to you before. The right MBA can transform your career by changing the way you think about yourself, your potential and the world around you. An MBA from UWA, Western Australia’s leading university, will give you the very best chance of achieving your career aspirations. The classroom At UWA, we focus on not only what you learn, but how you learn. Our teaching methods help you acquire a deep understanding of all areas of business, which allows you to apply what you have learned for the rest of your career. Our School uses a variety of teaching methods that extend well beyond traditional case studies and one-way lectures. A unique advantage of the UWA MBA is that all of our teaching School staff are active researchers and practitioners who are at the frontiers of their fields and this will make your classroom experience richer and more rewarding. During your MBA at UWA, you will also have the opportunity to learn from numerous senior industry leaders (including CEOs and Board members of some of Australia’s largest companies), both in-class and through our extra-curricular Masterclass Series and our Strategy and Leadership Forum Experiential learning Our MBA courses have incorporated experiential learning for more than 30 years. Working alongside UWA Business School, fellow students and corporate partners, you will quickly begin to understand the complexity of the challenges faced by business leaders today, and by working on real-world case studies and projects, you will quickly begin to apply your knowledge to address such challenges. Team learning Perhaps the most engaging aspects of the program is that you will learn in collaboration with an experienced cohort of professionals. Study groups, team projects, and extracurricular activities afford opportunities for you to support one another. Courses like Negotiation Behaviour and Organisational Change and Transformation provide opportunities for you to challenge one another. And through it all, you will develop strong relationships with your classmates that will last throughout your career. Our staff At UWA, you will be taught by UWA Business School staff that are at the frontiers of knowledge in their fields. Our MBA teaching staff have extensive experience in the classroom at the postgraduate level. But not only are our MBA teaching School staff world-class professional educators, they also have extensive commercial experience, which ensures that your professional development is in the very best of hands. Meet a selection of our MBA teaching staff: Dee Roche Adam Parr Professor Phil Hancock Associate Professor Warrick Van Zyl Professor Allan Trench Associate Professor Jo Sneddon Associate Lecturer Jenny Hoffman Dr Richard Gruner Professor Paul Flatau Dr Sandra Kiffin-Petersen Professor Raymond da Silva Rosa Professor Tim Mazzarol Professor Ray Fells Professor Alison Preston Dr March To Peter Van Onselen Dr Glen Hutchings About the course If you are seeking career progression, then an MBA from UWA will provide you with the technical expertise, interpersonal skills, agility and confidence required to transform your future. As Western Australia’s leading MBA program, and one of the highest-ranked MBA programs in Australia, you will be challenged to expand your business knowledge, sharpen your critical thinking and decision-making skills and boost your leadership potential. UWA attracts brilliant people, so there is no better place to learn, explore, network and pursue your goals in a highly collaborative and innovative environment. View full details MASTER OF BUSINESS ADMINISTRATION INTENSIVE Quick details STATUS Available LOCATIONS Perth (Crawley campus) ATTENDANCE Full-time DELIVERY On-campus STARTING DATES Every January LEVEL OF STUDY Unknown COURSE CODE 43520 CRICOS CODE 081415F View full details #1 in Oceania for Alumni Outcomes UWA's MBA program is ranked number one in the Oceania region for Entrepreneurship and Alumni Outcomes (QS World University Rankings 2021 Global MBA Rankings). Ranked Top 100 in consulting specialisation UWA has been ranked in the top 100 universities globally for its MBA program consulting career placements for graduates (QS Career Specialisation Rankings for 2021). The MBA career specialisation rankings collect data from more than 37,000 global employers as well as from millions of research publications and seeks to analyse career placements of MBA graduates globally. In the QS Career Specialisation Rankings, UWA performed strongly in the QS assessment of research strength, combining full-time MBA research and MBA specialisation research. The MBA program also performed strongly in career placements, which combines insights from graduates entering industry, functions and starting their own businesses. KEYSTONE UNIT Authentic Leadership Program Jenny Hoffman Associate Lecturer Jenny Hoffman is a highly experienced leadership consultant and coach who coordinates the unique Authentic Leadership Program, a keystone of the UWA MBA Intensive: "My aim is to provide a transformational space where participants can go on a journey within, unlocking leadership ‘mindtraps’ and transforming self-limiting beliefs. To discover their Aspirational Purpose and Values and to start to let go of the expert’s mindset and become more curious. This willingness to dwell in the unknown creates the opportunity to lean into the emerging future while staying present, curious, compassionate, and courageous." View full details Natalie Sim Natalie Sim Find out more INTERNATIONAL STUDY TOURS MBA students visit LinkedIn office at San Francisco, United States mba students at linkedin in san francisco UWA MBA students have the opportunity to undertake an international study tour. During a tour of the LinkedIn office at San Francisco, students were exposed to the latest developments in advanced data analytics and changes to the future of work. They also visited on-demand streaming video platform Kanopy, automotive and energy company Tesla, network startup accelerator and corporate innovation platform Plug and Play, and the Knight Management Center at Stanford University, among other businesses. MEET THE UWA BUSINESS SCHOOL Dee Roche Jenny Hoffman "My role is to prepare students for the relentless and ever-accelerating rate of change." --Dee Roche Dee specialises in leadership, strategic change and transformation. She has won multiple teaching awards and coordinates the popular MBA Organisational Change and Transformation unit. STUDY OPTIONS MBA Flexible You can also study this on a part-time basis through our similar Master of Business Administration (Flexible) course. MASTER OF BUSINESS ADMINISTRATION INTENSIVE Important dates INTAKE PERIODS January 2024 APPLICATION OPEN Open now Visit the MBA (Intensive) course page for more information on scholarships. APPLICATION CLOSE Sunday 3 December 2023 Sunday 3 December 2023 Refer to Admissions Requirements for information on eligibility criteria and how to apply. Course structure Postgraduate coursework degrees and combined (coursework and research) degrees comprise a number of units. Refer to the course structure for more information. Course structure details UWA MBA graduates earn highest salaries nationally Graduates of the UWA MBA program earn the highest salaries in Australia, almost $200,000 per annum after completing their course, at an average age of 34 (QS Top Universities Global MBA Rankings for 2021). STUDY OPTIONS MBA Intensive Various study modes are available. Below are example study plans for the 12, 15 and 18-month study modes: these all commence with the same dedicated orientation session in January, where the incoming cohort will meet and begin preparing for the program together. Table of MBA Intensive study plan To talk through your preferred study modes and length of program that suits your career, please speak to our Future Students Advisers: future-mba-business@uwa.edu.au. View full details MBA news MBA (Oil and Gas) Our new MBA specialisation in Oil and Gas, which is taught face-to-face on our Crawley campus, is the only program of its kind in Australia. These courses are taught by our world-class UWA Business School and expert practitioners, and will be of interest to those currently working in the industry and seeking to develop industry-relevant commercial skills or those considering a future career in the oil and gas industry. These courses can be supplemented by our regular masterclass series. Recent industry speakers have included Richard Goyder (Chairman, Woodside), Zoe Yujnovich (Executive Vice President, Shell Australia) and Meg O’Neill (Executive Vice President Development and Marketing, Woodside). Upcoming speakers include Al Williams (Managing Director, Chevron Australia). The following elective units are available: ECON5504 Global Energy and Mineral Markets MGMT5239 Oil and Gas Sector Management MGMT5240 Project Management in Oil & Gas FINA5601 Valuation and Risk Analysis for Resource Companies MGMT5524 Strategic Management of Resource Companies LAWS5589 Australian Oil and Gas Law LAWS5532 Oil and Gas Agreements LAWS5111 Corporate Governance for Resources Companies LAWS5521 Climate Change Law and Emissions Trading GENG4410 Fossil to Future – The Transition OCEN4003 Strategic Leadership for the Blue Economy These units are available in both the MBA Intensive and MBA Flexible programs. What to look for when choosing an MBA program MBA students in class at UWA If you’re considering undertaking an MBA or MBA pathway graduate certificate, it’s important to weigh up your options carefully before deciding which program to join. International study options Numerous international study options exist within the UWA MBA. A highlight of many of our students’ programs is our annual International Study Program (MGMT5618), which you can take as an option unit towards your MBA. The two most recent tours took our students to San Francisco and Silicon Valley. Students spent a day at Stanford University receiving lectures from Stanford professors in the areas of innovation and entrepreneurship. Company visits included Google, Linkedin, Kanopy, Kahn Academy, and a tour of the Tesla factory, among many others. Cultural activities included a visit to the Napa Valley, a walking tour of the Golden Gate Bridge and lunch in charming bayside Sausalito. Many of our students also take intensive courses at other leading universities overseas and credit these courses towards their UWA MBA. We have special exchange arrangements with the universities below, however, you are not restricted to studying at only these universities in seeking out an international MBA experience. In recent years, our MBA students have studied at Harvard, MIT, Stanford, and more, as part of their UWA MBA. Student exchange opportunities -WHU Otto Beisheim School of Management - Vallendar, Germany -Queen's University - Kingston, Canada -University of New Mexico - Albuquerque, United States -Waseda University - Tokyo, Japan -University of Alberta - Edmonton, Canada -McMaster University - Hamilton, Canada -Haskayne MBA Summer Program - Calgary, Canada -Queen's University MBA Summer Enrichment Program - Kingston, Canada -St Gallen's Short Term MBA Program - St Gallen, Switzerland -WHU - European MBA Summer Institute - Vallendar, Germany More details of our international study opportunities as a UWA MBA student are available through the UWA Global Studio. Meet our 2021 cohort We would like to introduce to you our impressive full-time MBA students of 2021. The talented students have followed 12 months of intensive and experiential learning, been involved in a personalised Authentic Leadership program and participated in one-on-one mentoring from a senior industry leader. To find out more and to view the 2021 cohort, click here. Meet our MBA students Lorraine Ponti Lorraine Ponti BE (Civil Engineering), University College Dublin MEngSc (Water Resources Research), University College Dublin Current full-time student Previous positions • Project Manager (construction / production) • Deputy Sales Director Please tell us about your career to date. I started my career as a project manager for the design and construction of industrial facilities in China. From there I moved to France and was responsible for product development (design, certification and manufacturing) of specialist components for the nuclear industry. Most recently I was working in business development for an engineering consultancy in Russia. I spent two years living in Argentina before coming to Australia. I have been involved in a number of charitable organisations addressing poverty and youth development. Where do you want to take your career after the MBA? My objective is to bridge my project management background and advance into a strategic management role. I am passionate about developing sustainable industries and would like to move into this sector. I am particularly interested in assisting firms and communities to address their impact on the environment through the use of renewable energy, recycling and resource management. Tell us about your experiences with the MBA Career Mentor Program. The career mentor program has just begun and I have been matched with an executive in the renewables sector. Soon we will meet our mentors and start a 5-month mentoring program. It’s an excellent opportunity to gain insight into my preferred sector, build up a professional network and identify future career possibilities. Stephanie Rossi Stephanie Rossi Bachelor of Commerce (Human Resource Management and Management), Curtin University Management Consultant (Manager), Nous Group Why did you choose UWA to do your MBA? I chose to do my MBA at UWA because it is one of the most distinguished MBA programs in Australia. An MBA at UWA also appealed to me as it provides flexible study options, access to bespoke mentoring programs and connects you with successful industry leaders. Where do you want to take your career after the MBA? In the immediate future, I would like to further progress my career in management consulting, with a focus on strategy. In the long-term, I hope to take up a senior strategy position in industry. What would be your advice to someone considering doing a UWA MBA? My advice would be to reach out to the UWA Business School and speak to the advisors and current students. Before applying, I connected with the Business School to discuss my potential options, my fit for the program and how it could benefit me. The advice and encouragement I received gave me the confidence that a UWA MBA was the right choice for me. Matthew Clark-Massera Matthew Clark-Massera Bachelor of Electrical/Electronic Engineering, UWA Operations Manager, Digital Matter Pty Ltd Please tell us about your career to date. I joined Digital Matter (a GPS device manufacturer) in 2017 after completing my undergraduate at UWA. I began in the role of Technical Support Engineer, assisting clients with our products. Over my time, this role has grown to also include inventory management, becoming involved in the finance, as well as managing firmware, software and other engineering teams. Why did you choose UWA to do your MBA? I thoroughly enjoyed my undergraduate experience and UWA and everything it had to offer – especially the university experience outside of the coursework. Coming back to UWA was natural, but also I believe UWA has a well regarded program internationally, so was a strong choice. What has been the most rewarding aspects of the UWA MBA so far? The highly engaging workshops and seminars. These have helped me learn quickly and broadened my horizons. I am already applying new knowledge to my day-to-day life and work, half-way through my first unit! I have a fresh interest in business topics. As an engineer this is not something I thought I would enjoy quite as much as I have been – but the course content and delivery really makes it great fun to learn! Daisy Chen Daisy Chen Bachelor of Economics, UWA Supervisor Maintenance, BHP Why did you choose UWA to do your MBA? I had a good experience in my undergrad at UWA, so it felt like the natural choice to come back and do my MBA here. The Flexible also allowed me to adjust my course load around work and life, and that balance is important to me. What has been the most rewarding aspects of the UWA MBA so far? Being amongst a high calibre of people who are genuinely interested in developing themselves to be better more well-rounded leaders. The strong sense of community. This has made a real difference to the experience, especially in making the transition to back to study with other commitments. Where do you want to take your career after the MBA? I am passionate about people and capability, STEM and the future of work. The MBA will support me in a role where I hope to enable the team’s leading these transformations. Adelaide Bevilaqua Adelaide Bevilaqua Bachelor of Science, Conservation Biology and Management with honours, UWA Associate Principal Marine Ecologist , BMT Commercial Australia Please tell us about your career to date. I graduated from the University of Western Australia with a BSc (Hons) in Conservation Biology and Management in 2009, at which point I was already working on a casual basis for Oceanica (now BMT Commercial Australia), as a laboratory assistant. Shortly after graduation I was offered a full-time position and have been with the company ever since. As a junior consultant I was trained as a commercial diver and led marine monitoring programs throughout Western Australia. Over the last decade, I have gained experience managing and implementing small to large coastal and offshore marine infrastructure projects in the energy, resources, ports and harbours sectors. Specific technical and project experience includes provision of State and Federal regulatory approvals advice, feasibility and environmental impact assessments, operational compliance monitoring, environmental audits and scope development. Why did you choose UWA to do your MBA? I completed my undergrad at UWA and so I am probably biased. UWA does offer very flexible options for completing the MBA program but I was also interested in the access to premier guest speakers and social networking opportunities. What would be your advice to someone considering doing a UWA MBA? There are several people in my office interested in completing an MBA. My advice is to enrol, it is by far the hardest part of the degree. You can always defer, but once you enrol you start to receive information and get a feel for the degree structure, and it just isn't as daunting anymore. Also, go to the information nights and ask questions. Everyone has similar apprehensions about starting post-graduate studies, which is refreshing. 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Future Students Future Students SearchCLOSE FUTURE STUDENTS Courses and careers International students Research UWA Open Day Visit UWA Student life Scholarships and fees How to apply Events UWA Language Hub QUICK LINKS Search courses The University of Western Australia Search... All UWA CLOSE GLOBAL ONLINE MBA BUSINESS & MANAGEMENT Success in today’s business reality calls for the ability to navigate complexity in order to unlock value and drive impact. Aimed at up-andcoming leaders, this topranked global program shifts between in-person and virtual environments to boost employability and maximize individual potential. Mode of Study Part-time Format Blended Intakes September & February Duration 17, 24 or 30 Months Language English Location Online & Madrid or 100% Online The Global Online MBA is a parttime program that consistently tops the world’s most prestigious rankings. Taking place over 17, 24 or 30 months, this flexible experience aims to provide holistic understanding of business management while also elevating individuals’ mindsets to become more agile and effective leaders. Lastly, there is a strong emphasis on career development to maximize your employability. ABOUT THE PROGRAM Your program overview This program is designed for up-andcoming, high-potential managers who are looking to take the next step in their career. You are eager to lead teams in today’s complex business landscape and want a flexible program that provides the tools to advance, without putting your career on hold. Above all, you are seeking a rigorous, high-intensity program that will allow you to expand your global network of likeminded leaders. For those who wish to work in... Sales & Marketing Strategy & Business Development Consulting Finance Operations Technology Entrepreneurship WHO IS THIS PROGRAM FOR? The perfect fit WHY CHOOSE THIS PROGRAM? Reasons you should join 01 Accelerate your professional progress Our goal is to help you achieve yours. Whatever your particular ambition, the program’s combination of academic concepts and real business applications should set you up for success—with added support through personalized coaching sessions, the Career Transformation program and the IE Talent & Careers department. 02 Gain tools of impact The Global Online MBA is a platform for experimentation that allows you to constantly test out new concepts and tools in your organization as soon as you acquire them. During both online and in-person sessions, you’ll reassess how you work and gain an updated business toolkit to drive even greater results. 03 Shape your learning journey The Global Online MBA is all about choice, helping you realize your personal learning goals. You decide if you’d rather complete the program in 17, 24 or 30 months. You’ll work closely with your mentor on the Entrepreneurial Venturing Final Project, for which you’ll choose from the Startup Creation or Corporate Entrepreneurship courses. And, in the last period, you decide whether to opt in to one of the three program learning tracks, where you’ll select a number of elective modules. Every step of the way, the choice is yours. 04 Thrive in online environments It’s important to navigate online and in-person dynamics in today’s world. The blended nature of this program reflects the reality of our current professional trends, and will prepare you to thrive in digital communities during the program and long after you graduate. 05 Expand your global network We welcome rising leaders with a variety of professional backgrounds from over 50 countries. These classmates will soon become both personal and professional connections—but it doesn’t stop there. Our expansive community of faculty members, alumni, students and guest speakers across the university will take your network to the next level. 96% of employers agree that MBA graduates create value for their company. GMAC, Graduate Management Admission Council 6,000 job opportunities from over 3,500 global recruiters are available to IE University's Global Online MBA students upon graduation. IE University is a leading business school in Europe, with the Global Online MBA program itself being selected as the best online program in the world. The blended methodology format allows for a very flexible schedule while also creating the possibility of having an extremely international cohort.” Martin Von Knobloch, Paraguay Associate at McKinsey & Company Pre-program: Getting Started The pre-program allows you to familiarize yourself with basic business concepts. In order to best prepare you for the program, you will have access to Financial Accounting & Analysis three weeks prior to the program opening. P 94% of recruiters in Europe predict future demand for business school graduates to either remain stable or increase. GMAC, Graduate Management Admission Council PROGRAM STRUCTURE Your learning journey The Global Online MBA is all about transformation. To achieve this, we systematically develop three key areas of your learning: making an impact in times of change; driving change with a global and digital mindset; and boosting your employability. Throughout the entire journey, these aspects work together to result in a complete transformation. You have a choice with the structure—blended or virtual. The blended format features three inperson periods and three core virtual periods. For the remote participants, the in-person periods will take place in a dynamic virtual format. Online sessions are made up of eight modules over three terms and combine real-time conferences with asynchronous forums. Moreover, if the 17-month timeframe interferes with professional commitments, you can extend to 24 or 30 months, allowing you to spread out your third-term electives to better suit your schedule. Term One After an intensive seven-day period of transformational learning in Madrid, you will move to a virtual environment to begin Term One. This term is designed to take you out of your comfort zone, with online discussions and live video conferences, you will be immersed in the core elements of management, learn how to run economic analysis, and explore the foundations of finance. Term Two In Term Two you will focus on how to devise a business strategy that yields results. You will explore financial issues, key operational management skills and the ins and out of launching a start-up or driving innovation within a corporation. This part of the program also includes the optional Global Immersion Week for those who want to further develop their international networks. Term Three Term Three allows you to tailor the program to your own needs. You can choose from an array of elective courses, all of which aim to tackle the latest trends in the business world, allowing you to gain insights into topics that directly impact your career. You will also work with a mentor on an Innovation Capstone project that follows either an Entrepreneurship or Intrapreneurship track. T1 T2 T3 PROGRAM STRUCTURE Pre-program Getting Started: Self-study (3 weeks prior to course start date) ▶ Financial Accounting & Analysis Online First Term Online ▶ Financial reporting and analysis ▶ Economic environment and country analysis ▶ Digital transformation ▶ Leading people and teams ▶ Marketing management ▶ Strategy In person ▶ Team building ▶ Personal communication ▶ Social entrepreneurship ▶ Change management ▶ Negotiation ▶ Networking ▶ Well-being in practice 7 months Online and Madrid KEY SKILLS KEY SKILLS Second Term Online ▶ Finance ▶ Entrepreneurial venturing final project ▶ Managing People in the Digital Era ▶ Management Accounting ▶ Precourse Data Analytics In person ▶ Creativity & ideation ▶ Influence & persuasion ▶ Business, government and sustainability ▶ Teambuilding II ▶ Change Management 5 months Madrid or Online Make the most of your MBAse fro Read more about the Global Online MBA program. Find out more *Students who opt for a program experience that’s either majority online or 100% online will be able to participate in the residential period activities virtually, from wherever they are. Third Term Online ▶ Final exam preparation ▶ Scaleup fundamentals ▶ Entrepreneurial venturing coaching In person ▶ Mock pitch ▶ Final exam ▶ Careers ▶ Industry specialized conferences Online electives. Choose between: ▶ 1 track/concentration area + 3 electives Area 1: Financial Markets and Fintech Area 2: Strategic Management Area 3: Marketing ▶ Three electives and one track, comprising three courses of your choice. ▶ Global Immersion Week: This week-long experience gives you the option to travel to an international destination where you’ll interact with other blended MBA cohorts, learn about local markets, and hear from industry-leading panelists. Historically, destinations have included: Dubai, San Francisco, Singapore, Berlin. Varies ▶ Career Transformation Program: This program takes place over the course of your MBA, enabling you to receive individual career coaching and further define career goals. Through mock interviews, one-on-one sessions and CV feedback, you’ll come to deeply understand your professional profile and make concrete plans for the future. • Takes place throughout the program. 5 months Madrid and Online PROGRAM STRUCTURE KEY SKILLS KEY SKILLS STUDENT PROFILE Your future network Students on the Global Online MBA come from diverse professional backgrounds. On the program, you will join a worldrenowned business network, where the core community is centered on talent, prestige and drive. At IE University you will benefit from a global, dynamic and talented learning environment, engaging with students from different academic backgrounds, industries and roles. Find out more 33 years old is the average age of students in this program. 50+ nationalities represented on average in the classroom. 3 Minimum years of professional experience. Join a diverse community that reflects the reality of today’s business world. Discover the Global Online MBA class profile. Academic background Where do program alumni work? 31+24+12+10Business Administration Engineering Science Economics Law & Politics Biotech Pharma Benefit from exclusive career services This program offers access to a variety of career-boosting initiatives, experiences and opportunities. The Global Online MBA prepares you to make your mark through exclusive networking events, personalized career guidance, and other resources to fuel your transformation. Find the right career path with the Global Online MBA. Designed with you in mind The Global Online MBA is a highly interactive program designed for today’s professionals. Thanks to our blended approach to education, you’ll have the opportunity to participate in a world-class learning experience, no matter where you are. Read more about the program experience. Find out more Find out more Sophie Dornbach, Germany/France Consultant at Spring Professional Switzerland (The Adecco Group) Never before have I had such a burning desire to chase my dreams and strive for more. This sense of ambition has been instilled in me by the Global Online MBA experience and the determination of people in the program.” Who you are Students across all program areas share common traits that we look out for. We particularly value dedicated and talented individuals who come from diverse backgrounds and possess a global mindset. Alongside your strong interpersonal skills and innovative outlook, you thrive under an intensive academic workload, considering it an opportunity to share new experiences and create unique approaches to problem-solving. The IE University admissions process is simple yet rigorous—and carried out entirely online. While the particulars may change depending on your chosen program, it always follows a similar format, which you can discover below. With our rolling admissions process, there’s no application deadline. But spaces are limited so we recommend that you apply as soon as possible. The first steps Before you embark on your personal learning journey, there are five preliminary steps you need to take. ADMISSIONS PROCESS & FINANCIAL AID 01 Online Application Form Complete the online application form and upload the documents required by your program. 04 English Proficiency TOEFL, IELTS, Duolingo or Cambridge (C1 or C2) certifications may be necessary to demonstrate your English level. 06 Final Decision Your entire application will be evaluated by the Admissions Committee and you will receive an answer within 1–3 weeks. 05 Personal Interview This online interview will take place with an associate director of the admissions team. 02 Online Assessment With the application submitted and the fee paid, you will receive a link to answer three live questions, two in video format and one in written format. This process may vary depending on the program. Be sure to consult the Admissions area of your program of interest for more details on the admissions process. * Special admission requirements for Master in Finance candidates, contact the admissions team for more information. ** If you are considering a dual degree, keep in mind that students must be admitted to both programs. Get started → A B C EXAM: 03 Entrance Exam Next, you will have to take either the GMAT, GRE or IEGAT. If you would like to apply to a Finance Program you must take either the GMAT, GRE, CFA Level 1 or CAIA Level 1. Note that this is a mandatory requirement, and the IEGAT will not be accepted. If sorting out funding and scholarships is an important part of making IE University your next big step in your professional journey, the good news is that we have a range of funding options available to support you! Most of our students rely on a combination of different types of financial means to cover the tuition fees and the overall costs associated with program attendance. These means typically include personal resources, student loans, scholarships and, at times, some form of family support or tuition assistance from employers. The IE Financial Aid Office will help you understand the different financing options and scholarship opportunities available. Researching, understanding your options and planning ahead is key. The FAO will provide you with all the necessary guidance to make any scholarship or loan application process as smooth as possible. Please visit our financial aid website for more details or schedule an appointment with our team. Go to the Site → FINANCIAL AID IE Scholarships Thanks to the IE Foundation and the generosity of our students, alumni, parents, corporate partners and other benefactors who support our groundbreaking Financial Aid program, we are able to maintain a strong commitment to providing topnotch education to highly qualified candidates from around the world, regardless of their economic situation. Our wide portfolio of scholarships allows us to guarantee diversity and excellence through our needs-based and merit-based scholarships. Scholarships are awarded based on economic need, merit, distinctive competencies and/or academic and professional excellence. The aim is twofold: celebrating and rewarding outstanding individuals and providing scholarship support to deserving and promising candidates who would otherwise not be able to attend IE University. Check the IE Financial Aid website to discover the full list of scholarships available and to learn more about the application process. The aim is twofold: celebrating and rewarding outstanding individuals and providing scholarship support to deserving and promising candidates who would otherwise not be able to attend IE University. Direct Awards There is no formal application process for the IE High Potential Award— all applicants are automatically considered. Awards are communicated at the time of admission and recipients are chosen based on the information provided during the admissions process: the strength of their application, academic merit, professional experience, the quality of the interview, competitiveness, life experiences and suitability to the program and our school. These awards are need-blind, and are compatible with other IE Scholarships should the candidate require further support through a formal scholarship application. Loans Many of our students rely on loans —either government and/or privately funded—to at least partially finance their studies at IE University. As we strive to provide our students with further financing opportunities, we are committed to securing agreements with both Spanish and international institutions that offer our students financial loan schemes on favorable grounds. While there are many organizations that lend to IE students—including those we have an agreement with—it is critical that you understand all fees and terms of available loans to compare them and determine which are best suited to your particular needs. Contact our dedicated team at loans@ie.edu to find out which financing options may be available to you. Please note that many financing schemes are time sensitive and may require planning several months before your program starts. Tuition Payment Options While making an investment in higher education is extremely worthwhile, we understand it isn’t always easy. At IE University, we allow students to pay in interest-free installments, without pre-approval requirements or credit checks. The number of installments and conditions depends on the program, please talk to your admissions advisor for more information. ABOUT YOUR UNIVERSITY The IE University ecosystem is designed with the student in mind. Rooted in a humancentered approach to entrepreneurship and innovation, we offer an extensive global network, cutting-edge facilities and top institutional partnerships—empowering future leaders to define their journey. WHO WE ARE? WHO WE ARE First and foremost, we are Liquid Learners. Liquid Learning at IE University is the culmination of our educational vision, transcending any single platform or approach to produce a holistic, streamlined academic experience. Developed over 20 years, this model blurs the lines between online and inperson education resulting in a flexible, highly interactive learning journey. By breaking down traditional barriers to education, Liquid Learning provides access to the same world-class education, regardless of location or personal circumstances. But what does this mean? Allow us to explain. As Liquid Learners, we are: 1,800+ students can attend the same session simultaneously 100% of our students have online access to classes 200 classes streaming online simultaneously in HD 100K+ online sessions in total Leaders in Business Education IE University was founded by entrepreneurs with a vision to disrupt traditional models of education to equip students with the skills they need for the future. To achieve this, the institution was created with five values in mind: diversity, humanities, technology & innovation, sustainability and entrepreneurship. Pioneers in Disruptive Learning IE University transformed business education by introducing disruptive teaching methodologies, ranging from immersive classroom approaches and technological innovation to close ties with industry leaders. Over the years, our broad spectrum of disruptive learning innovations has helped students from 140 different countries unleash their true potential. “Through Extended Reality (XR), we’re integrating engaging technologies into our academic offering to simulate real-world scenarios and bring immersive learning to life.” Diego del Alcázar Benjumea CEO of IE University Diverse Visionaries Our cutting-edge methodologies and global approach to education is complemented by the diversity of our community. Students are in constant contact with a variety of academic, ethnic and cultural backgrounds, which challenges preconceived notions and empowers them to think in new, innovative ways. “I'm able to study with people from all around the world and learn about different cultures. Patricia Master in Management Restless Entrepreneurs All our programs are taught from an entrepreneurial perspective, encouraging students to craft and apply solutions in the real world— whether in an intrapreneurial or entrepreneurial capacity. Through startup accelerators and networking opportunities, students are able to fuel their ideas, fully supported as they embark on their entrepreneurial journey. 25% of our alumni have started their own businesses 1,500+ students trained in entrepreneurial management 100+ mentors working alongside our students WHERE WE ARE OUR EDUCATIONAL ECOSYSTEM Enjoy the right university experience for you. We have three locations: Segovia, Madrid and Online. “IE University teaches you to work and cooperate with people from different backgrounds, and to bring out the best in others. Dionysios Stavrakas, Russia Executive MBA Segovia Declared a World Heritage Site by UNESCO in 1985, Segovia is famous for its cathedral, alcázar and aqueduct. One of the city’s most historic buildings, the Convent of Santa Cruz la Real, is home to the IE University campus. This campus combines rich history with state-of-the-art classrooms. “In every corner of Segovia, in every step you take through its streets, squares, and countryside, there’s a sense of tradition, art, and history. Cheyenne Uribe Switzerland. Dual Degree in Laws and International Relations Class of 2020 Know more → Madrid Our urban tech-based education hub is located at the heart of one of the most exclusive neighborhoods of the city. Not far away, you can find our new innovation tower—the fifth addition to the Cuatro Torres—bringing an environmentally efficient and avantgarde architectural design to a lively business district. Know more → Online Our online classrooms enable us to provide Liquid Learning with hybrid teaching methodology. Featuring synchronous and asynchronous learning, the online campus puts the student at the center with dynamic learning methodologies that adapt to individual circumstances. The IE Tower in numbers 7,000 square meters set aside for green spaces 180 meters high and 35 floors 6,000 undergraduate students on campus 35 story tower with classrooms and educational zones 70+ classrooms and a large number of workspaces and chill-out zones 50,000 square meters Global Presence Our extended IE community stretches across the globe, with 30 offices working together to build a lasting community around the world. These offices organize thousands of international networking events, connecting our alumni community, candidates, companies and partner universities. 28 alumni reunions 6,000 participants 60+ career sessions per year 300+ career orientation interviews OUR ALUMNI IN NUMBERS Benefits for our global community: ▶ IE events, masterclasses and workshops led by IE professors ▶ Corporate partnerships ▶ Venture Days ▶ Networking and social events for alumni and students ▶ Global Alumni Weekends ▶ “Glocal” network ▶ Worldwide conferences ▶ Career opportunities for alumni and students ▶ Alumni clubs 66,000+ total alumni 169 countries 1,300+ alumni events worldwide Find us at one of our international offices. Know more → WHAT'S LIFE LIKE AT IE UNIVERSITY There’s always something happening at IE University. From business conferences to sports games and coding competitions, you’ll never be lacking in opportunities for growth— and fun! “IE University has provided me with the right network and environment to strengthen my professional potential as an entrepreneur and architect. Dana Nayef Alfayez Alum. Master in Business for Architecture & Design Area 31 Weekly Venture Network event with pitches given to investors. Exclusive workspace for admitted teams 100 events every year Venture Days Event that connects the entrepreneurial community across all continents. 30+ cities around the globe 1,000+ startups applied Venture Lab Launchpad for startups under the guidance of industry experts. 10 finalists go to the Venture Day in Madrid 450+ startups participate each year Know more → EnlightED Bringing together the most innovative startups in education, innovation and edtech. IE Rockets Residency program to build your skills and brand in the higher education sector. 146 startups applied $60M raised from startups South Summit Brings together the most innovative startups regardless their industry, development stage and country. 6,700+ CEO / Executives participated in our latest edition $4.3B+ raised by former startup competition finalists IE Clubs and Centers We believe that campus life is just as important as academic life. With more than 120 active student-led clubs on campus and online, our students have access to countless opportunities to engage with a variety of topics and learn beyond the classroom. Club spotlights IE Out & Allies Club The IE Out & Allies Club endeavors to broaden understanding and support for LGBTQI* populations worldwide. This student-led LGBTQI* club organizes inclusive, year-round events, which range from educational meetups to networking and cocktail events to celebrate a break from school. The club also proudly organizes the LGBT@Work, the longest-running LGBTQI* work conference in Europe, and third-largest business school LGBTQI* conference in the world. Women at IE At IE University, we strive to maintain and promote gender equality both on and off campus. With over 2,000 members, the IE Women in Business Club was created to reduce the obstacles facing women in gaining top leadership positions. We also work with multiple international women’s organizations to provide talented and driven women the financial resources required to reach their academic and professional goals. Every year, we celebrate International Women’s Day with a week full of events addressing gender equality. Women at IE University in numbers... 39 % of our full-time faculty are women 48% of our students are women 56% of the scholarships offered to master’s students are awarded to women 7.7 million was awarded to women pursuing a master’s or bachelor's degree in 2019 IE Clubs → IE Center for Diversity in Global Management The IE Center for Diversity in Global Management harnesses the power of diversity to help organizations become more resilient, efficient and innovative. Created in September 2002, the Center is an invaluable resource for the IE University community, engaging in training, applied research and awareness-raising activities, alongside holding networking events to foster international debate. IE Africa Center IE Africa Center aims to revolutionize the way the next generation of global executives understand African innovation—past and present. We understand that the intellectual and physical contributions of Africa and its people are not only central to the modern world as it exists today, but are crucial to building a better future. More IE student clubs: ▶ Net Impact ▶ AI & Big Data ▶ TechIE ▶ IE Tech Lab ▶ IE Tech & Innovation ▶ IE Smart Cities ▶ IE Cybersecurity ▶ IE Blockchain ▶ IE Air & Space ▶ IE Fintech ▶ IE Coding ▶ IE Women in Business ▶ IE E-Commerce ▶ IE EdTech and more... 1,500+ annual face-to-face and online events 600+ speakers hosted on campus 37,000+ attendees IE Centers → OUR STUDENTS IN NUMBERS 160+ nationalities on campus 52% male students 48% female students 85% international students 45+ languages spoken on campus 70,000+ students on campus 100+ active clubs on campus “I think the fact that there were only 20 of us and there are 17 different nationalities, the fact that we got to learn so much from different cultures, is great. I think I learned as much outside as inside the classroom. Manon Germain Alum. Master in Talent Development & Human Resources Best MBA Program for Entrepreneurship P&Q 2021 Worldwide Master in Management QS 2021 Worldwide Global MBA QS 2021 Worldwide Online MBA QS 2022 Worldwide Online MBA Financial Times 2022 Worldwide Executive MBA (Joint programmes) QS 2021 3RD 1ST 5TH 5TH 7TH 5TH OUR RECOGNITION & REPUTATION Pioneers in Online MBAs since 2001 “I believe it is critical to understand cultural differences and to be able to work in a diverse environment, which is exactly what IE University provides for both its professors and students. Bin Ma Assistant Professor, Human Resources & Organizational Behavior WORLDWIDE ACCREDITATIONS IVEY MBA Begins each March in London, ON, Canada. A LIFE-LONG ADVANTAGE. A YEARLONG MBA. in Canada for student assessment of career services #1 MBA program #1 in Canada * in Canada for education experience ‡ ‡ #1 Features “If I were to summarize Ivey in one word, it would be transformational. You’ll notice how you change as the days and months go by, to the point that you are thinking in ways that astound you, and make an impact on those around you.” A TRANSFORMATIONAL EXPERIENCE. Carlos – Carlos González Meyer, MBA ’18 Marketing Manager, Standards-Memberships, 2 / Ivey MBA Events & Government Relations, CSA Group IVEY NETWORK Join an outstanding alumni network of more than 31,000 that believes in paying it forward and giving back. 18 GETTING STARTED Start your journey towards an Ivey MBA. 24 BY THE NUMBERS Our reputation, by the numbers. 20 YEAR AT A GLANCE Everything you need to know about your year at Ivey. 22 LEADERSHIP ESSENTIALS Discover the five elements that are at the core of everything we do. 12 REAL-WORLD LEARNING Hands-on, experiential learning sets us apart and is brought to life by award-winning faculty using our renowned Case-Based approach. 4 8 WORLD-CLASS CAREER OUTCOMES Our Career Advisors help you chart a path from the moment you start at Ivey through to graduation. 6 STUDENT LIFE The Ivey student experience is one built on close-knit community and diverse perspectives. 16 IMAGINE WHAT ONE YEAR COULD DO Your year at Ivey will be immersive, enriching, and supportive. Discover what it can do for you. YOUR FIRST CASE Experience a real case and discover why CaseBased learning is the foundation of the MBA Program. 14 ‡ The Economist Full-time MBA Ranking 2021 * Bloomberg Businessweek MBA Ranking 2014-2019, 2022 As Canada’s leading business school, you are investing in yourself when you choose the one-year Ivey MBA Program. Our one-year program will minimize your time away from the workforce. You’ll immerse yourself, without distractions, in our world-class curriculum. And you’ll form strong bonds with exceptionally talented and diverse classmates from around the world. Throughout your journey here, you can count on a supportive team to help you advance to your next career goal. The result: you’ll achieve more than you ever thought possible, all in one year. IMAGINE WHAT ONE YEAR CAN DO Give yourself a year. Get back more than you imagined. “The strength of Ivey’s network, the undeniable culture of ‘paying it forward,’ and the people I met have genuinely inspired me to be a better person. The personal growth I experienced and the relationships I fostered have become the most valuable part of my Ivey journey.” Kwang – Kwang Pithayachariyakul, MBA ’17 Vice President, Investment Banking, TD Securities 4 / Ivey MBA Career support at Ivey. Career outcomes for life. WORLD-CLASS CAREER OUTCOMES You have a vision of your future – and we have the resources and expertise to help you get there. From the moment you start at Ivey, our world-class Career Management team will be by your side to help you build a personal plan and ensure you achieve your high career aspirations. Your career goals are central to your success; that’s why Career Management is integrated throughout the MBA Program. Classroom activities are combined with innovative experiences like Ivey’s renowned annual networking event. Our job offer rates are consistently over 90 per cent. Year over year, our students, alumni, and recruiters give us top scores when evaluating our Career Management services. From admissions to graduation and throughout your career, we’re here to help you every step of the way. “Career Management support at Ivey was invaluable. Regular meetings with my career advisor on how to approach networking was truly life-changing in helping me with jobs after my MBA.” Keisha – Keisha Bailey, MBA ’15 Vice President, TD Asset Management † The Economist Full-time MBA Ranking 2016-2021 in the world for student assessment of career services, five years running† 20 T O P 6 / Ivey MBA Learn by doing - a leadership advantage. Hands-on, experiential learning gives Ivey students an advantage. Through a diversified roster of projects, activities, and more than 300 business cases, the Ivey MBA experience is all about real-world learning for real-world problems. From the moment you graduate with your Ivey MBA, you are prepared to take on real business challenges, and the difference will be noticeable throughout your career. REAL-WORLD LEARNING “ When I meet Ivey students or alumni, I know that they’ve been tested and thrived; I know that they’ve received first-class professional and career management training. And, that they know what it means to lead, to problemsolve, and to pursue excellence.” Gillian – Gillian Fletcher, MBA ’15 Regional Business Manager, Johnson & Johnson 8 / Ivey MBA “ Case discussions offer perfect ‘aha!’ moments to weave insights from the case at hand, to my research in digital transformation, and to the students’ work experiences.” Nicole – Nicole Haggerty, HBA ’89, PhD ’04 Associate Professor, Ivey Business School at Western University Real-world learning is the norm, not the exception. REAL-WORLD LEARNING Case-Based learning sets Ivey, and its students, apart. Real-world examples form the foundation of the Ivey education experience. Cases are dissected, discussed, and debated in a stimulating environment. Guided by world-class professors, and enriched by your fellow students, your classroom conversations will be dynamic and immersive. Case-Based learning is at the heart of how Ivey’s students learn. The approach will allow you to practise the leadership skills that mirror real-life situations. The result is a transformation in thinking, and lifelong leadership essentials. Teaching faculty matters. Their real-world business experience and expertise is demonstrated not only in the classroom, but by the business cases they write, and the research they do with organizations. Ivey faculty will get to know you as an individual, and they are highly committed to your success. They love teaching, and it shows. 10 / Ivey MBA Ivey’s five Leadership Essentials. LEADERSHIP ESSENTIALS The Ivey MBA opens your mind to how the business world really works and prepares you to take challenges head-on. Develop Leadership Essentials With a focus on experiential learning, you will accelerate your leadership capabilities. We call these five capabilities the Ivey Leadership Essentials. They are at the core of everything we do. The five interlinked Leadership Essentials give you not just the business fundamentals that you would expect from an MBA program, but also the leadership capabilities required to turn concepts into decisions, knowledge into action, and ideas into change. Leadership Essentials Take action Knowledge is a commodity. Today, leadership is about applying your learning effectively. At Ivey, you’ll gain the confidence to turn knowledge into action. Communicate persuasively Effective communication isn’t about winning. It’s about sharing your ideas persuasively in the classroom, in teams, and ultimately in the boardroom. At Ivey, you are coached in your communication effectiveness, your skills honed to the place where you can communicate effectively in any circumstance. Leverage team talent The strength of a leader is in knowing your weaknesses. Through hundreds of cases, you’ll learn how to approach difficult problems with confidence, work effectively with people of diverse perspectives and skills, and solve problems by effectively engaging your team. Manage priorities Great leaders must be able to focus their organizations on what matters now in the midst of competing choices. Ivey’s experiential learning, challenging program, and demanding schedule teach you to navigate these competing priorities for the best outcomes. Embrace complexity A business case is real, complex, and challenging. It doesn’t come in the textbook titled Marketing or Finance. A case study puts you in the position of decision-maker, and demands you understand how to manage the details to get to the right solution. 12 / Ivey MBA YOUR FIRST CASE With more than 4.5 million listings in more than 65,000 cities and 121 countries, Airbnb is a household name, synonymous with unique and affordable accommodation offering “authentic experiences” from local hosts. And it all began with one listing: from their small apartment offering three airbeds, founders Brian Chesky and Joe Gebbia began in earnest in 2007 to develop a new business model in short-term rentals. This case study profiles the startup from its inception to its rise in the mid-2010s, as Airbnb took the leap from small upstart in a highly competitive market to visionary leader, fending off competition with innovative approaches to marketing, social media, and stakeholder engagement. Your first case. Ivey faculty use cases to expand your perspective on the way issues impact an organization by using cross-teaching and an integrated approach to curriculum planning. Students prepare for class by reading the case and answering a series of questions. The real learning begins in the classroom where the professor acts as a conductor facilitating the discussion. You can experience a real Ivey case study with this Airbnb case. 9B16M186 AIRBNB: BUSINESS MODEL DEVELOPMENT AND FUTURE CHALLENGES1 Sayan Chatterjee wrote this case solely to provide material for class discussion. The author does not intend to illustrate either effective or ineffective handling of a managerial situation. The author may have disguised certain names and other identifying information to protect confidentiality. Copyright © 2016, Richard Ivey School of Business Foundation Version: 2016-11-24 In 2007, Brian Chesky and Joe Gebbia founded Airbnb. Chesky and Gebbia had met several years earlier as students at the Rhode Island School of Design. After initially working in Los Angeles after graduation, Chesky decided to move to San Francisco, where Gebbia was living. The two shared an apartment but were struggling to pay their rent. While brainstorming ideas to earn more money, they came up with the idea to rent out the three airbeds they had available. There was an upcoming design conference in their neighbourhood, and all of the nearby hotels were sold out. They set up a quick website to advertise their offer for an overnight stay on an airbed in their apartment, along with breakfast in the morning. One would normally expect to find a few younger 20-somethings who might be interested in sleeping on someone’s couch during the conference. However, the three people who stayed with them were a 45-year-old father of five from Utah, a 35-year-old woman from Boston, and a man from India. Given the interest in their apartment airbeds from a wide variety of people, Chesky and Gebbia decided to expand their small idea and Airbnb was formed. Engineer Nathan Blecharczyk was added as the third co-founder. 2 From this serendipitous beginning, Airbnb grew into a business that spanned 16 countries and was valued at $10 billion3 in the most recent round of financing in 2014. However, as of early 2014, its business model had hit a major road bump. At the request of the State of New York attorney general, Airbnb was forced to hand over anonymous listing information of hosts who rented out apartments in New York City. While the listings were anonymous, the attorney general was determined to subpoena some of the hosts that might have violated a New York law that prohibited any private rentals under 30 days where the host was not present.4 This caused some consternation among hosts based in New York, and some pulled their listings. The founders had to evaluate if these short-term rentals in large cities, which drove the majority of their rentals, had suddenly become vulnerable. They also had to decide whether to defend their business model in a court of law and in the court of public opinion, or change it.5 CONFERENCE PUSH For the first year of its existence, Airbnb needed to focus entirely on the gaps between the number of available hotel rooms and conference attendance. The founders did not seek out hosts that listed their properties in perpetuity but instead focused on conferences and, later on, other events. The first major conference they targeted was the 2008 South by Southwest conference and festival in Austin, Texas. To help market the site and garner interest in Austin, they executed an online public relations campaign. Because they had no budget to advertise, they relied on getting coverage from various blogs. They initially Read the full case 14 / Ivey MBA Our small class size, non-commuter campus, and close-knit community provides the basis for an exceptional MBA experience. And because Ivey attracts some of the most talented young professionals from all over the globe, with diverse cultural and business backgrounds, the Ivey MBA classroom consistently raises the bar for its learning environment. The shared experience you’ll have with your Ivey classmates creates the foundation for a lifetime of personal and professional connections you’ll cherish. . STUDENT LIFE Becoming an Ivey MBA student means immersing yourself in a unique environment that is friendly, spirited, supportive, and unforgettable. Christina – Christina Rupsingh, MBA ’16 Senior Manager, Insight and Thought Leadership, Future of Work, RBC “Ivey’s class sizes are considerably smaller than other MBA programs, which meant I knew every single one of my classmates on a first-name basis. Also, since Ivey isn’t a commuter school, you get the time to develop great friendships with your classmates.” A LIFE-LONG CONNECTION. A SHARED EXPERIENCE. 16 / Ivey MBA IVEY NETWORK “ The Ivey Network brings enormous value to your career. Not only will you be part of the Ivey family, but you’ll also learn how to network, a valuable skill that often gets overlooked.” Erik – Erik Lapointe, MBA ’17 Chief Commercial Officer, Tidal Health Solutions The Ivey Network. A lifelong connection. The word Ivey alumni hear most is “yes.” Yes to discussing an opportunity. Yes to giving advice. Yes to networking with other grads. Ivey alumni have a habit of saying and hearing “yes” because there is a strong culture of giving back and paying it forward throughout the Ivey community. Our grads value the Ivey difference. Regardless of graduation year, the shared Ivey experience is a connection that sticks with you throughout your career. With an Ivey MBA, you will have a network that will last a lifetime. 18 / Ivey MBA #13 in the world for networking* * 13=, Bloomberg Businessweek Best B-Schools Global Ranking 2022-23 Reputation matters. “Ivey’s reputation as the number one business school in Canada was a key factor in choosing my MBA.” Maksym – Maksym Levytskyy, MBA ’19 Director of Investments, Clarke Inc. BY THE NUMBERS 20 / Ivey MBA Ivey’s ranking #1 among Canadian MBA programs for 7 years.* of Ivey MBA grads made at 89% least one career transition (Change in industry, function, or geography). #1 in Canada for student assessment of career services. † in Canada for employment rate 3 months after the program. ‡ in the world for student rating for education experience for 4 years in a row. ‡ 10 TOP #1 ‡ The Economist Full-time MBA Ranking 2021 † Financial Times Global MBA Ranking 2022 * Bloomberg Businessweek MBA Ranking 2014-2019, 2022 #1 program in Canada for value of money. † ONE YEAR The Ivey MBA – Year at a glance. Preparatory Knowledge Program To make sure you get the most out of your MBA class time, we provide optional courses before the official program work begins. These courses are a great way to refresh your knowledge of business basics, reacquaint yourself with a school routine, and get to know some of your classmates. Business Essentials Your transformational year begins in the spring. To ensure you have a solid foundation in the core subjects, the first four months of the Ivey MBA Program consist of courses including Strategy, Leadership, Finance, Accounting, Information Systems, Operations, Marketing, Analytics, Communications, and Economics. View courses Leading Cross-Enterprise This capstone module pulls together everything you’ve learned and connects it to today’s real-world leadership challenges. You’ll examine some of the “big” questions like “Who leads best and how do they do it?;” “How are great leaders developed?;” and “What are some of the major forces and trends that will affect business in the 21st century?” Real-World Projects Put your learning to the test when you participate in the Ivey Field Project. You can choose to develop a new venture or work with an existing organization to develop new business solutions. Career-Focused Electives Our elective courses are designed to support your career goals and satisfy your professional and personal interests. Learn more International Experiences Participate in an optional study trip to Asia and Latin America as part of the elective cycle. You can also pursue volunteer opportunities through The LEADER Project where you will coach promising entrepreneurs in frontier markets. If you want to experience an international study exchange, you can take advantage of this in the final semester. This is a great opportunity to immerse yourself fully in another culture and to expand your global network. MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB YEAR AT A GLANCE 22 / Ivey MBA There are three qualities that we look at first when considering prospective students for an Ivey MBA. Leadership: From career success and promotion, to volunteer work and community initiatives, or other interests like athletics or the arts — we are looking for candidates who have demonstrated strong leadership orientation, and can bring that into the Ivey classroom. Strong Academic Record: Our assessment of this is based on your academic history in combination with your GMAT or GRE score. Progressive Work Experience: At least two years of quality, full-time work experience ensures that you and your classmates will have experiences to contribute to team and class discussions, along with the context and maturity to apply this learning in a professional setting. Ready to get started? “ The Ivey MBA is a fantastic program and if it is the program for you, make sure you come in motivated and ready. It is a very rewarding experience.” Kanwar – Kanwar Randhawa, MBA ’17 Director, Enterprise Strategy, RBC GETTING STARTED “We are committed to help you in any way we can so that you can make a decision that is best for you and your career. Please feel free to contact us at any time if you have questions about the Ivey MBA Program or MBA programs in general.” J.D. – John-Derek (J.D.) Clarke, MBA Executive Director, Masters Programs Recruitment and Admissions, Ivey Business School at Western University 24 / Ivey MBA Take note GETTING STARTED Our recruitment and admissions team’s job is to help answer any questions that you might have as you navigate your MBA research and, in particular, any specific inquiries you have about the Ivey program or application. Contact a recruiter today! Contact Info Lindsay Lippmann Associate Director, FT MBA Recruiting & Admissions llippmann@ivey.ca linkedin.com/in/lindsaylippmann Aimee Froude Associate Director, FT MBA Recruiting & Admissions afroude@ivey.ca linkedin.com/in/aimeefroude Anna Creery Associate Director, FT MBA Recruiting & Admissions acreery@ivey.ca linkedin.com/in/annacreery 26 / Ivey MBA NOTES For more information: Ivey Business School Western University 1255 Western Road London, Ontario, Canada N6G 0N1 Telephone: +1.519.661.3212 Toll free: 1.866.878.4839 Fax: +1.519.661.3431 mba@ivey.ca iveymba.ca Visit: iveymba.ca Profile assessment: go.ivey.ca/resume Attend an event – online and in person: go.ivey.ca/events The Ivey MBA is a one-year, full-time MBA program beginning each March in London, Ontario, Canada. • Located between Toronto and Detroit (approx. 200 km from each) • City population of 400,787 • Western University and student population is 40,000 with more than 5,800 international students from 128 countries 12-MONTH PROGRAM STARTING IN JANUARY smithqueens.com/ftmba Small class sizes outstanding faculty, state-of-the-art business school facility Powerful network of alumni in 150+ countries Study on-campus in Kingston at Smith School of Business at Queen’s University – one of in Canada Pioneering leadership and team development programs Be ready for fall job interviews and among the first MBA graduates on the market with this 12-month January. AN MBA UNLIKE ANY OTHER TECHNICAL EXPERTISE + TEAM DYNAMICS + SPECIALIZATIONS + INTERPERSONAL SKILLS + CUSTOMIZED COACHING + CAREER SUPPORT There are a lot of MBA programs that provide a quality business education, but very few rival Smith’s team-based approach, personalized coaching, and tight-knit culture. I really felt I was learning something new every day in terms of business acumen, leadership skills and self-discovery. I would absolutely recommend this program to anyone looking for a transformative MBA experience.” Kim Fulton, MBA Principal Kearney Toronto, ON “ 2 | FTMBA TECHNICAL EXPERTISE The MBA from Smith School of Business provides outstanding foundational management skills including analytics, accounting, financial theory, marketing management, information systems, strategy and more. In addition, Smith is the pioneer and leader in fostering the personal and team skills necessary to excel in business today including group dynamics, adaptability, communications, leadership, resilience, and cultural intelligence. Surveys* of CEOs and corporate recruiters underscore that it is this combination of technical management capacity and interpersonal skills that is most highly valued. Take the first step and connect with your application advisor at smithqueens.com/ftmba INTERPERSONAL SKILLS The MBA unlike any other. It delivers both the technical expertise and the interpersonal skills development that employers require today. *GMAC Corporate Recruiters Surveys THE POWERFUL ADVANTAGE FTMBA | 3 The Program Complete your MBA in 12 months and get into the workforce with the knowledge and skills to begin advancing your career. The first six months is foundational curriculum covering the core management skills required to lead in business. In the second six months you take elective courses and can also select an area of specialization (eg. consulting, finance, marketing & sales, digital transformation, management analytics, entrepreneurship & Innovation). You will earn a supplemental certificate in the area of focus. Substantial team and individual project assignments allow for deep learning and practical application. Approach A multi-faceted approach to teaching ensures engagement, high-value and impact. Class instruction is balanced with group discussion, simulations, team assignments, and real-world business projects. In addition, Smith’s Living Case Studies provide a unique and modern teaching approach immersing you in business challenges in real time. For more about our faculty, go to smithqueens.com/ftmba Faculty Smith School of Business faculty work together as teachers, researchers, and consultants. Together they create a tightly integrated academic plan for you. Faculty have outstanding academic credentials and are also best-selling authors, award-winning teachers and editors of leading academic journals. Canadian Business, Bloomberg BusinessWeek, and The Financial Times have recognized Smith faculty as among the top management educators in the world. + EXPERIENTIAL LEARNING + REAL-WORLD BUSINESS PROJECTS + SIMULATIONS + LIVING CASE STUDIES + CLASS INSTRUCTION & DISCUSSION 4 | FTMBA Options Pre-MBA Preparatory Sessions For advance grounding in core concepts and skills, Smith offers non-credit, one-day sessions in topics such as Accounting, Finance and Statistics, working with MBACase, and more. Certificate in Social Impact By completing certain courses and participating in key events and volunteer activities, you can earn a Certificate in Social Impact and demonstrate engagement in responsible leadership. Double-degrees You can apply MBA credits to other degrees from Smith School of Business and Queen’s University including Master of Finance, Master of Management Analytics, Juris Doctorate, and Master of Science in Healthcare Quality. Professional Designations You can begin earning qualifications towards the following professional designations: The MBA program was a life changing experience from start to finish. The diversity of people was incredible — diversity not only of thought, but of life experiences. Interacting with and learning from so many unique people provides a great base for a future career. The program jump started my career into an exciting new path with a disruptive growth-focused company. I truly have been overwhelmed by the opportunity for personal and professional growth.” Josh Tovey, MBA Senior Operations Manager Amazon Raleigh, NC “ FTMBA | 5 Team Skills Smith School of Business pioneered the team-based learning approach that prepares you for the reality of today’s workplace. You are assigned a team for the core of the program and a dedicated professional coach helps you perform collaboratively at the highest level. You will have many opportunities to develop your personal leadership capacity. Executive Coaching Become your best self with one-on-one coaching to maximize your effectiveness in the workplace. Coaching is an integral part of the Smith School of Business offering and will give you a greater understanding of yourself, your strengths and your weaknesses. This will have a powerful impact on your performance and your working relationships. Coaching covers a range of areas from conflict resolution to anxiety management to mindfulness. Experiential Learning ‘Learn by doing’ through participation in the TriColour Venture Fund (TCVF), Canada’s first student-advised venture capital fund. Students meet with potential portfolio companies, assess the opportunities, conduct due diligence and make recommendations to the Investment Advisory Board - a committee of seasoned entrepreneurs, angel investors, and venture capitalists. Deals are syndicated in conjunction with some of Canada’s leading venture capital companies and angel investors. Queen’s University Alternative Assets Fund (QUAAF) is Canada’s first student directed portfolio of hedge funds managing a portion of the university’s endowed funds. Each generation of QUAAF members is responsible for ensuring sustainable operations and financial stewardship of the fund, providing outstanding practical experience. Our program is unique in its focus on developing the ‘whole you’ to be as successful as possible in your career. THE SMITH DIFFERENCE 6 | FTMBA The MBA experience at Smith helped me further refine the type of leader I wanted to be. It also gave me the confidence and the tools to successfully pivot into a completely new career that would not have been available to me otherwise. My year was truly a lifechanging experience where I not only gained a wealth of contacts through the alumni network, but also made lifelong friends.” Roxane Ducasse, MBA Project Manager End-to-End Supply Chain at Walmart Mississauga, ON Lifestyle Coaching Prepare for the fast pace and high demands of your business career with the optional lifestyle coaching program Fit to Lead™ that addresses physical, mental and emotional well-being. Cultural IQ In today’s diverse and global business environment, cultural intelligence is critical. Smith has partnered with the Cultural Intelligence Center to teach how culture influences behavior and thought processes, and effective strategies for managing in a multicultural environment. International Opportunities Study opportunities, available at more than 30 of the world’s top business schools, provide an exceptional experience in a region of interest to you. “ FTMBA | 7 Recruitment & Career Support You want to find the job that showcases your skills and capabilities and accelerates you on an exciting career path. The Smith School of Business Career Advancement Centre will work with you from the start of your MBA to identify your passion and help you secure a great job. The Centre maintains strong relations with outstanding organizations across Canada and around the world, and recruiters are regularly on campus meeting with students. A personal Career Coach will work with you one-onone to help you prepare and manage your job search process. Coaches have specialized experience, training and connections in specific sectors. “ At graduation you join a powerful network of Smith and Queen’s alumni in more than 150 countries. Regular events and meeting opportunities help you build valuable connections that will last a lifetime. Smith is also the Official National Business Education Partner of the Canadian Olympic Committee. Join a Powerful Alumni Network Anything you do in life that is challenging gives you the opportunity to grow. After retiring from the Canadian Women’s Rugby Team, I researched potential career paths in business which led me to Smith. I enhanced my knowledge of business theories, concepts and skills transference and I feel I’m better prepared to pursue a career or start a business.” Megan Lukan, MBA RBC Olympian Associate Financial Advisor Black Star Wealth Halifax, NS 8 | FTMBA The team-based approach to the curriculum really excited me. For the first six months of the program, while you’re going through the core foundational courses, you’re assigned to a team. Our team was incredibly diverse. What I thought was really beautiful about that was that everyone brought a unique approach and perspective to the problem. It was challenging at times because you needed to find common ground, but I think it made the quality of the product and the learning that much better.” Hanif Shariff, MBA Consultant McKinsey & Company Vancouver, BC “ Smith School of Business Smith School of Business at Queen’s University is renowned for its excellence, innovation and leadership in business education. From establishing the first undergraduate business degree a century ago to creating ground-breaking programs and courses in emerging areas including artificial intelligence, fintech, analytics, cultural diversity, team dynamics, social impact and more, Smith is at the forefront of preparing you for the business marketplace. In addition to its rich tradition of academic and teaching excellence, Smith is known for delivering an outstanding learning and development experience. Small class sizes, personal attention, individual and team coaching, opportunities for specialization, and a deep commitment to student success characterize the Smith experience. Recognized as a top global program by FTMBA | 9 I chose to pursue my MBA at Smith because of the team-oriented curriculum, the caliber of the alumni network, and the renowned academic vigour of the school. I’m pleased to say that these criteria were met and exceeded. Prior to Smith, I was playing professional football in the CFL and working as a project director for a non-profit. I used the MBA as a catalyst to make a transition that many athletes find difficult, and with the support of the program I was able to thrive during this precarious time of my life.” Andrew Lue, MBA Consultant Boston Consulting Group Toronto, ON “ Smith’s team-based approach and small class size enabled me to build strong relationships with classmates. I learned something new from teammates every day and we helped each other to become our best selves. The skills I gained from the team experience allowed me to interact and work effectively with a diverse group of people. These skills ultimately helped me transition from engineering to investment banking. I would definitely recommend the program.” Lina Yang, MBA Senior Financial Analyst Teck Resources Limited Vancouver, BC “ 10 | FTMBA Canada is a thriving and welcoming environment for business students. It was ranked #1 for Best Quality of Life (2020, U.S. News & World Report) citing its economic and political stability, strong job market, diversity, quality of education system, and safety. Kingston is a dynamic small city with great amenities, resources, events and attractions. Smith attracts students from more than 40 countries including full-time, exchange and international double-degree students. Our Application Advisors can assist you in understanding requirements for studying in Canada. For current and future events, go to visitkingston.ca and kingstoncanada.com Studying in Canada FTMBA | 11 GLOBAL PERSPECTIVE We prepare you to thrive in an increasingly global business environment — through Cultural IQ, an exchange opportunity and a global alumni network. Typically more than 40 per cent of your MBA classmates will come from outside Canada. Expand your perspective and build strong connections as you work in class, in teams, and on projects. Cultural IQ Smith School of Business has partnered with the Cultural Intelligence Center to help our MBA students strengthen their Cultural IQ, which assesses your ability to relate and work effectively in diverse situations. Learn how culture influences behaviour and thought processes, and gain effective strategies for managing in a multicultural environment. International Alumni Network On graduation become part of the powerful Smith School of Business and Queen’s University alumni network in more than 150 countries. Outside Front FTMBA | 13 ARGENTINA Buenos Aires Torcuato Di Tella University, Di Tella Business School AUSTRALIA Brisbane Queensland University of Technology AUSTRIA Vienna WU, Vienna University of Economics and Business BELGIUM Brussels Solvay Brussels School of Economics & Management BRAZIL São Paulo FGV EAESP, São Paulo School of Business Administration CHINA Beijing Cheung Kong Graduate School of Business Peking University, Guanghua School of Management Tsinghua University, School of Economics and Management Shanghai China Europe International Business School (CEIBS) Fudan University, School of Management Shanghai Jiao Tong University, Antai College of Economics & Management Shanghai Jiao Tong University, Shanghai Advanced Institute of Finance Tongji University, School of Economics & Management DENMARK Copenhagen Copenhagen Business School FINLAND Mikkeli Aalto University, School of Business FRANCE CergyPontoise ESSEC Business School Lyon EMLYON Business School GERMANY Leipzig HHL Leipzig Graduate School of Management Mannheim University of Mannheim, Business School Vallendar WHU — Otto Beisheim School of Management HUNGARY Budapest Corvinus University of Budapest, Corvinus Business School INDIA Bangalore Indian Institute of Management Bangalore Ghaziabad Institute of Management Technology, Ghaziabad Hyderabad Indian School of Business ITALY Milan Università Bocconi JAPAN Nagoya Nagoya University of Commerce & Business Tokyo Waseda University, Faculty of Commerce MEXICO Mexico City Universidad Panamerica, IPADE Business School NETHERLANDS Rotterdam Erasmus University, Rotterdam School of Management NORWAY Bergen NHH Norwegian School of Economics RUSSIA St. Petersburg St. Petersburg University, Graduate School of Management SINGAPORE Singapore National University of Singapore, NUS Business School SOUTH AFRICA Bellville University of Stellenbosch Business School SWEDEN Stockholm Stockholm School of Economics SWITZERLAND St. Gallen University of St. Gallen THAILAND Bangkok Chulalongkorn University, Faculty of Commerce and Accountancy UNITED KINGDOM Birmingham Aston University, Aston Business School London London Business School International Exchange Smith’s MBA program offers exchanges at more than 35 partner business schools around the world. Through this extensive international partnership network, there are enough places for every MBA student to participate in a short or long-term exchange.* Inside Back Inside Front *Seats at individual exchange partners cannot be guaranteed. FTMBA | 14 CLASS AND CAREER . Outside Front Accelerating Your Career Our faculty, staff, coaches and Career Advancement Centre team work closely with you to help you find the post-graduation job that showcases your skills and capabilities, and accelerates your career. $120,852 CAD average total compensation accepted a job offer within 3 months of graduation 98% (100% reporting rate) Class of 2021 FTMBA | 15 Class Profile 59% male 40% female Sample of Companies that Hire Our MBAs 36% Financial Services 26% Consulting Technology 13% Healthcare 6% Retail 5% Consumer Goods 4% Government 2% Non-Profit 2% Real Estate 2% Telecommunications 1% Marketing Services 1% Other 2% Employment by Industry Class of 2023 Class of 2021 CONSULTING • A.T. Kearney • Accenture • Boston Consulting Group • Capgemini • Deloitte • EY • KPMG • McKinsey & Company • PricewaterhouseCoopers CONSUMER PACKAGED GOODS/FOOD/ PHARMACEUTICAL • Johnson & Johnson • McCain • Maple Leaf Foods • Molson Coors • PepsiCo • Pfizer • Reckitt Benckiser • Unilever TECHNOLOGY & COMMUNICATIONS • Amazon • Adobe • Bell • Google • IBM • Microsoft • Rogers • Telus • Uber • Xerox ENTERTAINMENT/ MEDIA/ INFORMATION • Disney • Nielsen INVESTMENT & FINANCIAL SERVICES • Bank of America Merrill Lynch • BMO • Brookfield Financial • Capital One • CIBC • CPPIB • Credit Suisse • Dundee Capital Markets • Equitable Bank • HBC • Mackenzie Investments • Macquarie Group • Manulife • National Bank • RBC • Scotiabank • Sun Life Financial • Travelers • TD Bank • Waterton Global Resource Management CONSTRUCTION/ INFRASTRUCTURE/ REAL ESTATE • Aecon • Cadillac Fairview • Emma Capital • Oxford Properties MANUFACTURING/ INDUSTRIAL/ CHEMICAL/ ELECTRONICS • DuPont • Dow Chemical • GE • Honeywell • Tenaris • Texas Instruments ENERGY & RESOURCES • Atomic Energy of Canada • Haliburton • Imperial Oil • Shell • Suncor • Teck Resources • TransCanada LUXURY GOODS • Christian Dior HEALTHCARE • Hamilton Health Sciences • Harvard Medical School • Health Canada • Heart & Stroke • The Hospital for Sick Children • John Hopkins University • University Health Network RETAIL • Canadian Tire • Indigo • Loblaw • Staples • Tim Hortons • Walmart We’ll Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. Inside Back Inside Front average base salary delta vs. pre-MBA job of grads made at least one career transition (industry, function or city) 69% 93% 4.2 average years of work experience 78 students 28 average age The Full-time MBA has deliberately small class sizes and diverse student backgrounds which make for an outstanding learning experience. From countries including: Bangladesh, Bulgaria, Cameroon, Canada, China, Costa Rica, India, Ireland, Kenya, Lebanon, Mexico, Nigeria, Pakistan, Peru, Philippines, Portugal, Serbia, Turkey, and USA. Academic backgrounds include arts, business, economics, engineering, healthcare, law, sciences, technology, and more. 58% Canadian students 42% International students 1% non-binary FTMBA | 16 CURRICULUM Complete your MBA in 12 months and re-enter the workforce with the knowledge and skills to begin advancing your career. Our modern curriculum features relevant courses that align with employer needs. Through specializations including Digital Transformation and Management Analytics, you will gain a broad understanding of the global business environment and be equipped to handle today’s business challenges. Our integrated approach to teaching encompasses a variety of methodologies. This will allow you to develop a full understanding of business functions applicable to any industry. There are two modules: the Foundations Level, which provides an overview of business fundamentals; and Mastery Level, which enables you to choose an area of interest. Upon completion of the MBA, you may then choose to advance to the Expert level by pursuing a second Master’s degree in this area of specialization. Outside Front FTMBA | 17 Business Fundamentals Career Concentrated Electives Business Pre-MBA Preparatory Sessions Expert Level: Double-degrees Smith offers optional non-credit, one-day sessions in topics such as Accounting, Finance and Statistics, case preparation, and more. The Expert Level enables you to apply some of your MBA credits to a second Master’s degree. Currently there are five options: • Master of Finance • Master of Management Analytics • Juris Doctorate • Master of Science in Healthcare Quality • Master of Management in Artificial Intelligence There are multiple ways to pursue a second degree. Foundational curriculum covering the core management skills required to lead in business. Take eight elective courses and an optional area of specialization. Earn a supplemental certificate in that area of focus. Substantial team and individual project assignments allow for deep learning and practical application. Specializations are offered in the areas of highest demand such as: • Consulting • Finance • Marketing and Sales • Entrepreneurship and Innovation • Management Analytics • Digital Transformation • Business Analytics • Business and Corporate Strategy • Business, Government and the Global Economy • Economics and Industry Analysis • Finance Fundamentals • Financial Accounting • Introduction to Digital Business • Leading with Integrity • Managing Human Capital • Marketing Fundamentals • Negotiations & Conflict Management • Operations and Supply Chain Management • Professional Communication Skills • Integrated Team Project* JUL JAN FEB MAR APR MAY JUN AUG SEP OCT NOV DEC Inside Back Inside Front * Our project based courses offer a unique opportunity to work with Small to Medium Size Enterprises (SME) and put into practice what you are learning throughout the program. NEW ELECTIVES • Advanced Portfolio Management • Analytical Decision Making • Consumer Focused Marketing • Corporate Valuation & Mergers and Acquisitions • Creating & Executing Market-Based Strategy • Decision-making in Competitive Environments NEW • Digital Execution NEW • Digital Transformation NEW • Diversity and Inclusion in Organizations NEW • Dynamic Strategy Analysis NEW • Finance Strategy • Financing of New Ventures • Global Strategy • Management Accounting • Managing Agile Projects • New Venture Management • Organizational Intelligence & Strategy NEW • Pricing Analytics • Risk Management • Sales Management • Strategic Problem Solving & Insights NEW • Strategic Service Operations • Strategy Implementation & Change • Topics in Analytics NEW • Tri-Colour Venture Fund • Individual Project (mandatory)* FTMBA | 18 Let Us Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada, K7L 3N6 Toll-free: 1.888.393.2622 PROFESSIONAL DESIGNATIONS While completing your MBA at Smith, you can begin a professional designation: Options CERTIFICATE IN SOCIAL IMPACT Participating students have an opportunity to augment their degree with exposure to the dynamic world of social impact — exploring areas such as sustainability, social finance, social innovation, social entrepreneurship, and values-based leadership. By completing certain courses and participating in key events and volunteer activities, you can earn a Certificate in Social Impact. FTMBA | 19 ADMISSIONS We are looking for exceptionally talented and motivated individuals. Academic strength, career progress, leadership potential, and strong interpersonal and communications capacity are just some of the characteristics we are seeking for Smith’s MBA Class of 2024. Successful applicants will typically meet the following requirements: • A four-year (or international equivalent) undergraduate degree from a recognized university; • Two years relevant work experience; • An acceptable and complete GMAT or GRE score; • If applicable, an acceptable score on an approved English proficiency test (TOEFL, IELTS, PTE, or MELAB); • Two professional references; and • Completion of two video questions and one written response. In compelling cases, exceptions may apply. Candidates who meet the core requirements may be invited for an admissions interview. FTMBA | 20 Fees and Scholarships The MBA fee includes program enrollment, all books, case materials and other instructional supplies, events like case competitions, career related non-academic events, and executive coaching. The fees for Class of 2024 (starting January 2023) are $83,444 CAD for domestic and $104,100 CAD for international students.* All qualified candidates who submit a completed admissions application will be automatically considered for a number of entrance scholarships. There is no application fee. The Time is Now Admission to the Smith MBA is competitive. Applicants are encouraged to apply early as space and academic scholarships are limited. Complete applications are reviewed immediately upon receipt and admissions decisions are rendered after references are checked. Key Program Dates • Classes start — January • Early round major scholarship decisions — May 1 • International application deadline — September 1 • Late round major scholarship decisions — October 1 Let Us Help You Get Started We provide a highly personalized experience from initial inquiry, through the admissions process, during the program, and after graduation. Contact us through smithqueens.com/ftmba or at 1.888.393.2622 to work one-on-one with an Application Advisor. The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada, K7L 3N6 Toll-free: 1.888.393.2622 A22.0043 Financing Domestic students Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. Those accepted into the Full-time MBA Program can now apply for the Ontario Student Assistance Program (OSAP). Visit smithqueens.com/ftmba for detailed information on fees, scholarships and financing options. *Fees are subject to final approval from the Queen’s Board of Trustees FTMBA | 21 At Smith School of Business we provide a highly personalized experience from initial inquiry, through the admission process, during the program, and after graduation. From the start we will work with you to assess your fit for the program and help you apply for admission. We’re looking for outstanding individuals with stellar academic capacity, a great work ethic, the ability to work effectively in teams and strong interpersonal skills. For more information on the admission process and requirements go to smithqueens.com/ftmba LET US HELP YOU GET STARTED The Stephen J.R. Smith School of Business Goodes Hall, Queen’s University Kingston, Ontario, Canada K7L 3N6 Toll-free: 1.844.533.1651 smithqueens.com/ftmba A21.0064 Information in this brochure is accurate at time of publication. The Montreal advantage • Top 5 Best student cities in the world (QS Best student cities ranking) • #1 Safest city in North America (Statistics Canada) • #1 Most affordable major city in Canada and the U.S. (UBS Prices and earnings, 2018) Bienvenue à Montréal! Montreal consistently ranks as one of the world’s best student cities. Safe, clean and cosmopolitan, it offers a high quality of living at a low cost. In an affordable city with a vibrant atmosphere, Montrealers thrive on great food and culture, getting around by using its world-class cycling and public transportation infrastructure. Located in the vibrant heart of downtown Montreal, Concordia University’s John Molson School of Business is one of Canada’s leading business schools. Practical. Flexible. Experiential The John Molson MBA is a practical program in every possible way. We look at management practices from a holistic and interdisciplinary perspective. Our flexible program allows you to create a schedule that fits your life while you acquire the comprehensive skills employers want through our case-based and experiential learning approach. MBA 650 Crafting and Implementing Successful Strategies MBA 647 Managing People in Organizations MBA 648 Business Process Management MBA 649 Strategic Managerial Accounting and Control MBA 643 Managerial Analytics MBA 644 Marketing Management MBA 645 Economics for Organizational Decision Making MBA 646 Financial Management MBA 642 Financial Reporting for Responsible Decision Making MBA 641 Responsible Manager MBA 640 On Ramp (no credit) Class profile Designed as a two-year, 45-credit program, the John Molson MBA may be completed in as little as 16 months by taking summer classes. It covers a wide array of business topics to strengthen your strategic decision-making and critical thinking abilities. On-ramp Comprised of several quantitative modules, this online course will give you invaluable tools to prepare for the rest of the MBA program. Core (30 credits) Our case-format core begins with an overview of ethics, sustainability, and the role of organizations in society. You will then develop the practical expertise needed to manage specific business areas and finally apply it to cross-functional business problems. Join a diverse network Expand your network and learn from students who come from all over the world, bringing together a diverse range of backgrounds. Our small class size allows for close-knit interactions with your peers. Seize the opportunity to gain practical skills while earning credits toward your degree. The hands-on experience, practical knowledge and network developed through these options add tremendous value to your profile. Personalize your experience by tailoring the program according to your interests, motivation and career goals. Electives (15 credits) Compete Experience Explore ICOP Social Business Case Competition Live Case Challenge MBA Case Competition Organizer and Participant MBA International Case Competition Executive Van Berkom Small-cap Investment Case Competition CEO shadowing Co-op paid internship Concordia Small Business Consulting Bureau Community Service Initiative Van Berkom Investment Management Program International exchange Business research paper Elective courses in: • Accounting • Business Technology Management • Data Analytics (SAS certification available) • Finance • Management • Marketing • Supply Chain Management • Surgical Innovation CEO shadowing Unique to JMSB is the opportunity to learn to lead by shadowing a top executive. This special feature of the Co-op paid internship program allows MBA students to work alongside the CEO of a small or medium-sized enterprise for up to 15 weeks. Tap to learn more Continue developing your skills and leadership style by getting involved outside of the classroom. Every year, our students participate in a wide array of case competitions, community initiatives and networking activities, taking their education and careers to the next level by applying what they have learned in a practical way. Getting involved in extra-curricular activities is an excellent way to set yourself apart while making connections that will last a lifetime. • International Community Outreach Program • John Molson Graduate Student Association Speaker Series • John Molson Entrepreneurship Club • John Molson Graduates Investment Club • John Molson Sustainable Business Group • John Molson Women in Business Club • MBA Case Competition Committee • MBA Society • Briscoe Business Ownership Club • John Molson Project Management Club Experiential learning was the highlight of my MBA. Case competitions exposed the intricacies of a wide range of industries and inspired me to pursue a career in sustainable investing. Many opportunities and important insights arose out of my involvement and I feel privileged to be a part of the JMSB community. Winnie Hu (MBA’19) Get involved as an organizer or compete against the world’s very best teams. Open to top business schools worldwide, the John Molson MBA International Case Competition is recognized as the largest case competition of its kind. Our annual, not-for-profit event welcomes 36 teams from universities across the globe for a weeklong competition at the start of January and is organized by a team of MBA students. As part of the John Molson International Case Competition, I gained access to incredible mentorship from a board of directors composed of C-Level executives. Their advice and outlook on the challenges we faced as a team had a huge impact on my professional development. It was also through ICC that I built my strongest and most lasting friendships in the MBA. Evan Baker (MBA’20) Tap to learn more Dedicated to your success, Career Management Services supports all students and alumni in their professional endeavours and provides relevant resources to help you reach your career goals. • Personalized support for résumé and cover letter writing, job search, interview preparation, job offer negotiation, LinkedIn / digital brand management and dining etiquette. • Graduate Student Elevator-Pitch Day • C-RISE program for international students (career seminars, networking events, etc.) Yingying Zhang, Bombardier (Strategy Intern), Montreal Sample of employers who recruit JMSB graduates Karolyne Courville, Deloitte (Consultant), Montreal Sapandeep Singh Randhawa, CIBC (Associate, GLDP) Toronto Tap to learn more “The John Molson School of Business allowed me to meet and work with high-achieving, motivated individuals of the highest caliber, who pushed me to better myself and strive for excellence. The experiential learning opportunities provided by the MBA program were key to my personal and professional growth.” – Paola Sunye An MBA is a significant financial and time investment, which is why it is important to find the right fit to achieve your personal and professional goals. At JMSB, we take a holistic approach to admissions and assess you based on your work experience, intellectual abilities, leadership potential and communications skills. Tuition fee*: $6,000 (Canadians / Permanent Residents - Quebec) $14,000 (Canadians / Permanent Residents – other) $40,000 (International) *Approximate total tuition. Merit-based scholarships are available to candidates applying by March 1. What you need to apply: Transcripts of undergraduate degree 3.0+ GPA GMAT 580+ TOEFL / IELTS* 95 / 7.0 CV / Resume Required: 2+ years of relevant working experience Statement of purpose (500 words) 3 letters of reference Video interview More questions? Connect with a recruiter! gradadvisor.jmsb@concordia.ca 514-848-2424, ext. 2716 Application deadlines September admission March 1 Round 1 – International & Scholarships May 1 Round 2 June 1 Round 3 – Canadian / Permanent Residents January admission June 1 Round 1 – International October 1 Round 2 – Canadian / Permanent Residents Tap to learn more 1450 Guy Street MB 6.201 (6th Floor) Montreal, Quebec H3H 0A1 Email: gradadvisor.jmsb@concordia.ca CONCORDIA.CA/MBA T20-62246