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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
¿Vale la pena cursar un MBA? A medida que las tarifas de los programas de Maestría en Administración de Empresas (MBA) continúan aumentando, muchos profesionales se preguntan si la inversión realmente vale la pena. Los programas más prestigiosos pueden llegar a costar más de 80.000 dólares al año, lo que ha llevado a una disminución del 4,9% en las solicitudes de MBA en 2023, según datos del Graduate Management Admission Council (GMAC). Además, empresas líderes como Apple Inc. y Alphabet Inc. han eliminado la necesidad de este tipo de títulos para muchos de sus puestos. Ante esta situación, surge la pregunta: ¿es rentable obtener un MBA en el entorno laboral actual? El retorno de inversión del MBA Los MBA son conocidos por mejorar las oportunidades profesionales, aumentar la compensación salarial y facilitar ascensos dentro de las organizaciones. Este título otorga las habilidades y conocimientos necesarios para emprender un negocio o acceder a puestos gerenciales que, en muchos casos, requieren un MBA. Asimismo, permite a profesionales de distintos sectores cambiar de carrera o acceder a un mundo empresarial en el que las conexiones juegan un papel crucial. No obstante, incluso en universidades estatales de gran calidad, obtener un MBA sigue siendo una inversión significativa tanto en tiempo como en dinero. La pregunta central sigue siendo si el beneficio financiero y profesional justifica este elevado coste. ¿Qué incluye un programa de MBA? El contenido académico de los MBA cubre una amplia gama de temas empresariales, como contabilidad, finanzas, estadísticas, economía, comunicaciones y gestión. Estos programas no solo preparan a los estudiantes para trabajar en instituciones financieras, sino que también los capacitan para roles gerenciales o incluso para fundar sus propias empresas. Muchos programas de MBA permiten especializaciones en áreas como la salud, bienes raíces o tecnología, lo que incrementa su aplicabilidad en diversas industrias. En general, los programas de MBA valoran mucho la experiencia laboral relevante, lo que explica la oferta de MBA ejecutivos (EMBA) diseñados específicamente para personas con experiencia en gestión o liderazgo. Estos programas suelen dar más importancia a la experiencia profesional que al rendimiento académico. ¿Tiempo completo o parcial? Existen dos modalidades principales para obtener un MBA: a tiempo completo o a tiempo parcial. Los programas de tiempo completo suelen estar destinados a estudiantes más jóvenes, recién graduados de licenciaturas, que pueden dedicar tiempo completo a los estudios. Por otro lado, los programas a tiempo parcial, como los EMBA, están dirigidos a empleados que ya están en posiciones de liderazgo y buscan avanzar en su carrera sin dejar de trabajar. Pros y contras de un MBA Obtener un MBA tiene sus ventajas y desventajas. Entre los beneficios, se encuentra el potencial de obtener un salario más alto y avanzar en el mundo corporativo, especialmente si el título proviene de una escuela de prestigio. Sin embargo, no todos los MBA tienen el mismo valor en el mercado laboral. Un título de una institución desconocida o exclusivamente en línea puede no ser tan atractivo para los reclutadores. Además, no todos los sectores valoran de la misma manera un MBA. Mientras que en el ámbito empresarial o de gestión puede ser imprescindible, en otras áreas puede no ser tan relevante, a menos que esté vinculado a otro programa especializado. Alternativas al MBA Para aquellos que buscan avanzar en su carrera en finanzas o negocios, pero no desean cursar un MBA, existen otras opciones viables. Un Máster en Finanzas, que se completa en un año, es una opción para aquellos interesados en inversiones, gestión de activos o riesgo financiero. Asimismo, programas como el Chartered Financial Analyst (CFA), que se estudia de forma autodidacta, ofrecen una formación exhaustiva y son altamente valorados en el proceso de contratación. ¿Incrementa un MBA el salario? De acuerdo con un informe del GMAC, el salario inicial promedio para un graduado de MBA es de 125.000 dólares, lo que representa un aumento del 22% al 40% en comparación con aquellos sin este título. Sin embargo, este impacto varía según la escuela, el campo laboral y la experiencia previa. Opinión de los graduados El informe de GMAC Alumni Perspectives Survey de 2022 revela que más del 90% de los graduados valoraron positivamente su experiencia educativa, y el 85% consideró que la inversión fue rentable. Además, dos tercios de los graduados reportaron haber avanzado al menos un nivel en su carrera tras obtener el título. Conclusión Si bien obtener un MBA puede ser un gran impulso para la carrera profesional, su rentabilidad depende en gran medida de la institución de donde provenga el título y del sector en el que se desee trabajar. En un mercado laboral cada vez más competitivo, contar con un MBA de una escuela de prestigio sigue siendo una ventaja considerable. Sin embargo, para aquellos que no pueden permitirse el tiempo o los costos, existen alternativas igualmente válidas para avanzar en el mundo empresarial. Decidir estudiar un MBA (Master of Business Administration) es un paso importante para quienes buscan destacarse en el mundo empresarial. Aunque la inversión financiera puede parecer elevada, las ventajas de obtener este título en una escuela de negocios reconocida justifican el esfuerzo, abriendo puertas a mayores oportunidades profesionales y salarios competitivos. ¿Qué es un MBA? Un MBA es un programa de posgrado diseñado para profesionales con experiencia laboral que desean profundizar sus conocimientos en administración y negocios. Este título prestigioso, altamente valorado por empleadores, ofrece diversas especializaciones que permiten a los egresados avanzar en sus carreras o emprender nuevos desafíos. 1. Desarrollo de Habilidades Gerenciales El MBA te equipa con las habilidades necesarias para liderar con éxito una empresa. Aprenderás a gestionar equipos, desarrollar estrategias de mercado, mantener la salud financiera de una organización y enfrentar situaciones críticas, como crisis financieras. También te prepararás para tomar decisiones importantes en momentos clave. 2. Amplia Variedad de Especializaciones Existen diversas áreas de especialización dentro de los programas de MBA, lo que permite a los estudiantes elegir el camino que mejor se adapte a sus intereses y objetivos profesionales. Algunas de las opciones más populares incluyen: Gestión General: Ideal para quienes buscan una visión integral de los negocios. Negocios Internacionales: Enfocado en empresas globales y la alineación de objetivos comerciales a nivel internacional. Finanzas: Orientado a roles como banqueros, gerentes financieros y analistas. Emprendimiento: Perfecto para aquellos con ideas de negocio innovadoras que buscan lanzar su propio emprendimiento. 3. Acceso a una Red Empresarial Global Uno de los mayores beneficios de un MBA es la oportunidad de hacer networking. A lo largo del programa, tendrás acceso a una red global de estudiantes, profesores y egresados con experiencia en gestión, lo que te permitirá obtener una visión profunda del panorama empresarial global. 4. Altos Salarios y Seguridad Laboral Los graduados de MBA suelen disfrutar de salarios significativamente superiores en comparación con aquellos que poseen otros títulos universitarios. En países como Estados Unidos, el salario promedio anual para un egresado de MBA es de aproximadamente 102,100 USD, mientras que en Suiza puede alcanzar los 123,500 USD. Además, un MBA mejora tus oportunidades de ocupar posiciones de liderazgo en grandes corporaciones. 5. Preparación para Emprender Muchos estudiantes optan por un MBA para adquirir los conocimientos necesarios para iniciar su propio negocio. Los programas de MBA suelen contar con profesores experimentados en el mundo empresarial, quienes comparten sus conocimientos sobre cómo evitar los errores más comunes y asegurar el crecimiento sostenido de una empresa. 6. Oportunidad de Cambiar de Carrera Para aquellos que buscan un cambio de carrera o ascender a puestos administrativos, un MBA es una excelente opción. Aproximadamente uno de cada tres estudiantes de MBA utiliza su formación para explorar nuevas industrias o asumir funciones que no habían desempeñado previamente. 7. Perspectivas Globales Obtener un MBA internacional te permite vivir y estudiar en el extranjero, sumergiéndote en diferentes culturas empresariales. Esto te brinda una nueva perspectiva sobre cómo se gestionan los negocios en otros países y te prepara para un entorno global en constante cambio. 8. Flexibilidad de Estudio Existen opciones de MBA en línea y MBA a tiempo parcial que permiten a los estudiantes equilibrar sus estudios con sus responsabilidades laborales. Estas modalidades son ideales para quienes desean continuar trabajando mientras obtienen su título. 9. Experiencia Real para Ejecutivos El MBA Ejecutivo (EMBA) está dirigido a profesionales con más experiencia que buscan fortalecer sus habilidades directivas. Los programas EMBA suelen ser flexibles, permitiendo a los estudiantes continuar con sus trabajos a tiempo completo mientras cursan el programa. 10. Un Retorno de Inversión Garantizado Aunque los programas de MBA pueden ser costosos, el retorno de inversión suele ser rápido. En muchos casos, los graduados logran cubrir el costo de su educación en solo dos o tres años gracias a los altos salarios y las oportunidades laborales que se les presentan. En conclusión, un MBA no solo te proporciona habilidades avanzadas de gestión, sino que también te prepara para un mundo empresarial cada vez más competitivo y globalizado, garantizándote una ventaja competitiva a lo largo de tu carrera. Hult International Business School ofrece programas de MBA diseñados específicamente para desarrollar las habilidades más demandadas por los empleadores a nivel mundial. Los estudiantes que se gradúan obtienen competencias prácticas, conocimientos aplicables y una mentalidad efectiva para transformar tanto su vida personal como profesional. Programas a Tiempo Completo (1 año) Con una duración de un año, estos programas inician en el otoño de 2025 y proporcionan una experiencia educativa transformadora en campus internacionales. Las opciones de campus incluyen Boston, Londres, San Francisco y Dubái. Especializaciones disponibles: Análisis de Datos Finanzas Marketing Emprendimiento Estrategia Los estudiantes que completen el programa en el Reino Unido pueden acceder a una ruta de inmigración de dos años para graduados. Además, el MBA especializado en finanzas tiene un reconocimiento como título STEM, facilitando la autorización de trabajo (OPT) en EE.UU. para aquellos que estudien en Boston o Londres, con la posibilidad de realizar una rotación en Nueva York. Programas a Tiempo Parcial (2 años) Estos programas, flexibles y adaptados a las necesidades de profesionales activos, combinan clases en línea con sesiones presenciales concentradas en un fin de semana largo cada mes. Las fechas de inicio son variadas, incluyendo enero, abril, julio y octubre, con opciones adicionales en mayo y octubre. Los estudiantes pueden elegir entre los campus de Londres, Dubái y San Francisco (este último solo disponible para residentes de EE.UU. o ciudadanos permanentes). Ayuda Financiera y Becas Los estudiantes del Hybrid Executive MBA pueden solicitar una beca de hasta 5,000 USD para cubrir gastos de viaje. Este beneficio es una de las varias opciones de apoyo financiero disponibles para aquellos que cumplan con los requisitos de elegibilidad. Desarrollo de Habilidades Prácticas El enfoque pedagógico de Hult integra desafíos de aprendizaje práctico en todo el programa. Esto garantiza que los estudiantes no solo comprendan la teoría, sino que también desarrollen las habilidades y la mentalidad necesarias para liderar en un entorno global. Al finalizar el programa central, los estudiantes tienen la oportunidad de personalizar su título mediante la elección de materias optativas que se alineen con sus intereses y objetivos profesionales. Cursos y Recursos de Apoyo La escuela ofrece un directorio detallado de cursos, donde los estudiantes pueden buscar por palabra clave o explorar la lista completa de asignaturas. Cada curso incluye una descripción y los puntos clave de los temas y habilidades que serán cubiertos. Hult también se enfoca en el desarrollo de liderazgo, incorporando prácticas avanzadas de autoconciencia en todos sus programas. Los estudiantes tienen la oportunidad de asumir roles de liderazgo en proyectos del mundo real, lo que les permite mejorar continuamente sus capacidades. Además, la institución ofrece opciones de aprendizaje permanente, permitiendo a los graduados mantenerse actualizados y relevantes en un mundo laboral en constante cambio. Contacto y Proceso de Admisión El equipo internacional de asesores está disponible para discutir los objetivos individuales de los candidatos y responder cualquier pregunta. La fecha límite de la Ronda 6 de aplicaciones es el 30 de septiembre de 2024. Los solicitantes que presenten su solicitud antes de esta fecha tendrán prioridad en el proceso de inscripción. Para obtener más información sobre los programas de MBA de Hult y sus opciones de financiamiento, los interesados pueden descargar un folleto o ponerse en contacto directamente con los asesores de admisiones. La Maestría en Administración de Empresas (MBA) con residencia corporativa está diseñada tanto para quienes acaban de finalizar un título universitario como para aquellos que están en los primeros años de su carrera y buscan redirigir su trayectoria profesional. Los candidatos ideales deben contar con menos de 5 años de experiencia laboral. Oportunidades de Carrera Los graduados de este programa tienen la posibilidad de acceder a diversos sectores profesionales, como Servicios Financieros y Bancarios, Consultoría, Marketing, Salud, Sector Público, Emprendimiento e Innovación. Entre los puestos laborales más comunes se encuentran: Consultor Gerente Financiero Gerente de Marketing El 92% de los graduados que buscan empleo de forma activa obtienen un puesto dentro de los seis meses posteriores a la graduación, y el 54% logra empleo dentro de Nueva Escocia, con una compensación anual promedio de $68,872. Requisitos de Admisión y Apoyo Financiero En Dalhousie University, los estudiantes pueden concentrarse en su educación sin preocuparse en exceso por sus finanzas personales. Ofrecemos tarifas de matrícula competitivas y una variedad de programas de apoyo financiero para estudiantes de posgrado en la mayoría de nuestras carreras. Opciones del Programa Año 1 - Verano: Después de una orientación inicial en junio, los estudiantes completan cuatro cursos fundamentales que proporcionan una comprensión esencial del mundo empresarial. También participan en sesiones de desarrollo personal y profesional para prepararse para la residencia corporativa. Año 1 - Otoño: Los estudiantes cursan dos materias adicionales y cinco asignaturas base, lo que les permite desarrollar una sólida comprensión de conceptos clave organizacionales, independientemente del sector. El semestre concluye con una intensa sesión integradora por equipos, en la que se aplican todos los aprendizajes previos en situaciones competitivas y desafiantes, enfocadas en ventas, negociación y trabajo en equipo. Residencia Corporativa: En enero, los estudiantes inician su residencia corporativa de ocho meses, la cual está remunerada. Durante este tiempo, aplican los conocimientos adquiridos en el aula dentro de un entorno corporativo. Al finalizar el año, se lleva a cabo una evaluación intensiva para analizar las experiencias obtenidas y celebrar los logros alcanzados. Año 2 - Otoño/Invierno: Los estudiantes completan cuatro cursos finales y tienen la oportunidad de personalizar su MBA seleccionando entre 9 y 15 créditos de asignaturas electivas especializadas. El programa ofrece seis áreas de especialización, y se puede combinar con otros cursos de posgrado fuera de la Facultad de Administración. El MBA se concluye oficialmente en la ceremonia de graduación de junio. Duración estándar del programa: 23 meses o más. Modalidad: Tiempo completo con clases presenciales. Oportunidades Internacionales El programa también ofrece la posibilidad de realizar el primer semestre del segundo año en el extranjero, en instituciones como Toulouse Business School en Francia o Copenhagen Business School en Dinamarca. Las solicitudes para esta experiencia internacional se deben realizar durante el primer año del MBA. Contacto y Consultas Para preguntas sobre el proceso de admisión o más detalles del programa, los interesados pueden contactar a un asesor de admisiones. Si ya está listo para aplicar, el proceso se encuentra disponible en el sitio web oficial de Dalhousie University.
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UF MBA provides you the tools to be successful in all areas of your life while earning your MBA. You don’t have to be on campus every day to get a well-rounded, rich MBA experience. Apply to UF MBA Request Information Attend an Info Session Schedule a Call Online One-Year This 16-month option is an accelerated program for those who have an undergraduate degree in business and graduated in the last seven years. This is one of the quickest ways to get your MBA at UF. Students enrolled in UF’s Outreach Engineering Management (OEM) program are also eligible for this option. Online Two-Year This 24-month option uses course materials developed by the same respected faculty that have helped UF MBA at Warrington College of Business rise to national prominence. We recommend this for students seeking maximum flexibility. Online or on campus, same MBA degree from a top ten university In 1999 the UF MBA Program was one of the first schools to offer a fully-accredited online degree. Now, UF MBA is regarded as one of the world’s best by Financial Times and U.S. News & World Report. Our Online MBA students come from all over the world and from a variety of organizations – Fortune 500 companies, government agencies, non-profits and more. To ensure quality interactions among students and professors, class size is limited to 65 students. Similar to our other formats, a minimum of two years of full-time, professional work experience is required for our online MBA. The degree earned at the completion of the program is a full Master of Business Administration, and is equivalent to any other MBA degree offered by the University of Florida MBA. Home Program Formats Full-Time MBA Full-Time Two-Year Admissions Courses and Curriculum Financial Information The Student Experience Full-Time One-Year All Majors Admissions Courses and Curriculum Financial Information The Student Experience Full-Time One-Year Business Majors Admissions Courses and Curriculum Financial Information The Student Experience Campus & Culture UF MBA Association Student Ambassadors Concentrations Professional Development Career Online MBA Online One-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule Summer Start Calendar Summer Start Course Schedule Fall Start Calendar Fall Start Course Schedule The Student Experience Online Two-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule Summer Start Calendar Summer Start Course Schedule Fall Start Calendar Fall Start Course Schedule The Student Experience Professional Development Career Weekend Professional MBA One-Year Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience Two-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule The Student Experience Two-Year in South Florida Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience On-Campus Electives Professional Development Career Executive MBA Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience Professional Development Career Combination Degrees UF Engineering Partnership Compare Program Formats Apply Eligibility for Accelerated Formats Careers Global Experiences Military Financial Information Payment Schedules How to Earn Employer Support for Your Professional MBA FAQ Alumni Involvement Opportunities Events Information Sessions Open Houses GMAT Boot Camp Critical Issues in Business Speaker Series Current Student Resources Contacts No. 6 in the U.S. U.S. News & World Report, 2024 Best Online MBA Programs Need to convince your boss? 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Program is highly regarded for its innovative approach to advanced business topics. Our students can expect an engaging classroom experience with academically qualified faculty that also boasts business experience reaching far beyond the classroom. In addition, students can expect over 30 annual career-focused events that range from employer visits to networking forums and individual career counseling with the Princeton Review's #1 ranked Career Services team. Whether it is to be better prepared for your current role, break through the glass ceiling for the next promotion or land your dream job, Clemson's MBA Program is here to help you achieve your goals. Clemson is proud to offer various flexible MBA options to suit your schedule and career goals best. With an array of full-time and part-time MBA curriculums offered through in-person, 100% online or hybrid styles, Clemson MBA has the program for you. Click the links below to learn more about our different MBA curriculums. Upcoming Admissions Events Full-time MBA Curriculums Corporate Entrepreneurship & Innovation Part-time MBA Curriculums Corporate Online Corporate Entrepreneurship & Innovation Digital Brand Communications Business Analytics Located in the heart of downtown Greenville Clemson is proud to offer our in-person MBA classes at the beautiful Greenville ONE campus in downtown Greenville. The campus is designed to be an immersive experience for students in the heart of one of the fastest-growing cities in the country. Access to Greenville's local, regional, and international business leaders allows students unique networking opportunities with employers and entrepreneurs that can't be replicated. Greenville is also home to beautiful parks, fantastic restaurants and personable city events, so it is easy to call our campus on Main Street home. imothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. Learn about our editorial policies Term vs. Whole Life Insurance: An Overview Term life insurance offers more affordable coverage than whole life, but it only lasts for a certain number of years instead of your lifetime, and it doesn't have the tax-free savings component that whole life has. Term and whole are two of the most common types of life insurance. Whole life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s premiums). It also includes a cash value account—a savings component that grows tax-free over time and that you can withdraw from or borrow against while you are alive. Term life insurance, on the other hand, lasts only for a set period of time (the term) and does not accrue any cash value. We’ll break down the key features that distinguish these insurance mainstays. Key Takeaways Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—as long as you keep up with the premium payments. Term life is just insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Whole life premiums can cost five to 15 times more than term policies with the same death benefit, so they're not a good fit for everyone. Sabrina Jiang / Investopedia Term Life Insurance Term life insurance is perhaps the easiest to understand because it’s straightforward insurance, without a savings or investing component. The reason why you buy a term policy is because of the promise of a death benefit for your beneficiary should you pass away while it’s in force. For many people, it’s a way to make sure that their minor children are provided for and their mortgage is paid after they die. As the name suggests, this basic form of insurance is only good for a certain period of time, whether it’s five, 20, or 30 years. After that, the policy expires. Benefits Costs are much lower than for many other types of life insurance. Term insurance is easier to understand than permanent policies. Drawbacks Only protects you for a limited number of years. Cannot be used as a wealth-building or tax-planning strategy. Benefits of Term Life Insurance, Explained Because term policies offer basic coverage with a finite duration, they tend to be the cheapest type of life insurance, often by a wide margin. If all you seek from a life insurance policy is the ability to protect your family when you die, then term insurance is likely the best fit. Since term policies are typically more affordable and can last until your child enters adulthood, term insurance could be a particularly good option for single parents who want a safety net for their child if they die. According to quotes gathered by Investopedia from more than 30 insurers, the average monthly premium for a 42-year-old man in excellent health applying for a 30-year term policy with a $250,000 death benefit is $33.24 a month. For a comparable female applicant, it’s $27.31. Note Women tend to have lower life insurance premiums on average because they typically have longer life spans than men. Drawbacks of Term Life Insurance, Explained A variety of factors will change the price, of course. For example, a larger death benefit or longer length of coverage will certainly increase the premiums. Also, most policies require a medical exam, so any health complications could raise your rates above the norm as well. Because term insurance eventually expires, you can find yourself having spent all that money for no purpose other than peace of mind. Also, you can’t use your investment in term insurance to build wealth or save on taxes as you can with other types of insurance. Whole Life Insurance Whole life is a form of permanent life insurance, which differs from term insurance in two key ways: It never expires as long as you keep making your premium payments. It provides some cash value in addition to the death benefit, which can be a source of funds for future needs. Benefits Allows you to borrow against or withdraw from the policy for other financial needs. Loans and withdrawals are generally tax-free, and loans may have beneficial terms. Lets you lock in your premiums for life. Drawbacks Costs much more than comparable term policies. If you let the policy lapse within the first few years, you could face surrender charges. Any outstanding loans will reduce your death benefit. Benefits of Whole Life Insurance, Explained Most whole life policies are “level premium,” meaning that you pay the same monthly rate for the duration of the policy. Those premiums are split in two ways. One part of your payment goes to the insurance component, while the other part helps build your cash value, which grows over time. Many providers offer a guaranteed interest rate, although some companies sell participating policies, which pay unguaranteed dividends that can increase your total return. Usually, your cash value doesn’t accrue until two to five years after coverage begins. Once it does, however, you can borrow or withdraw from your cash value amount, which grows on a tax-deferred basis. For example, you may want to do take out a loan to pay for expenses such as college tuition or repairs to your home. The advantages of policy loans over other kinds of loans are that there’s no credit check and the interest rate may be lower. You also don’t have to repay the loan, but if you don't, you will reduce your death benefit. Withdrawals are generally tax-free if you don’t take out more than you’ve paid into the policy. The ability to withdraw or borrow from a whole life insurance policy makes it a much more flexible financial tool than a term policy. Drawbacks of Whole Life Insurance, Explained Unfortunately, with whole life insurance, the death benefit and cash value aren’t completely separate features. If you take a loan from your policy, then your death benefit will go down by a corresponding amount if you don’t pay it back. For example, if you take out a $50,000 loan, then your beneficiaries will get $50,000 less, plus any interest due, if the loan is still outstanding. The main disadvantage of whole life insurance is that it’s more expensive than a term policy—by quite a bit. Permanent policies cost on average five to 15 times more than term coverage with the same death benefit. For a lot of consumers, the relatively high cost makes it hard to keep up with payments. Another potential drawback of whole life insurance is its complexity. With a term policy, for example, you can simply stop making payments if you no longer need the insurance or can no longer afford it. However, depending on your carrier, whole life policyholders may face a significant surrender charge if they decide to walk away from their policy. Usually, this charge shrinks as the years go by until it finally disappears. Special Considerations So which type of coverage is best for your family? If term coverage is all you can afford, then the answer is simple: Basic protection is better than no protection at all. The question is a little trickier for folks who can afford the substantially higher premiums that come with a whole life policy. If your goal is to save for retirement, then many fee-based (that is, non-commission-earning) financial advisors recommend turning to 401(k)s and individual retirement accounts (IRAs) first. After maxing out those contributions, a cash value policy may be a better option for some people than a fully taxable investment account. Some consumers have unique financial needs that a whole life policy can help manage more effectively. For example, parents with disabled children may want to consider whole life insurance, as it lasts your entire lifetime. As long as you keep paying the premiums, you know your kids will receive the death benefit from your policy, even when they’re adults. Whole life can also be a valuable tool in succession planning for small businesses. As part of a buy and sell agreement, business partners will sometimes take out whole life insurance for each owner, so that the remaining partners can purchase the deceased’s equity stake in the event of their passing. Regardless of insurance policy type, premiums will be lower the younger (and healthier) you are when you buy it. Is Term Life Insurance Better Than Whole Life Insurance? It depends on your needs and wants. If you only need life insurance for a relatively short period of time (such as only when you have minor children to raise), term life may be better because the premiums are more affordable. If you need permanent coverage that lasts your entire life, whole life is likely preferred. Whole life also offers several living benefits deriving from its cash value accumulation, which can be borrowed against or withdrawn during your lifetime. What's the Longest Term Life Policy? Typical term life policies come in terms of 10, 15, 20, 25, or 30 years. A small number of insurers will offer 35- and 40-year policies as well. What Happens to Term Life Insurance at the End of the Term? If the term ends on your life insurance policy, generally, the policy will just expire and you don’t need to do anything. However, your insurer may allow you to convert part or all of the term policy into a permanent policy. You’ll need to check on this possibility as early into the life of the policy as possible, because sometimes, term life conversion is only available in the early years of the policy. The Bottom Line With its cash value component, whole life insurance certainly offers more financial flexibility than term life insurance. Nevertheless, because permanent policies are more complex and expensive, a lot of consumers follow the old axiom, “Buy term and invest the rest.” Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Insurance Information Institute. “What Are the Different Types of Term Life Insurance Policies?” Social Security Administration. “Actuarial Life Table, 2020 (2023 TR).” Allstate. “What Is Cash Value Life Insurance?” Fidelity Life. “Cash Value Life Insurance.” Guardian. “Can I Withdraw Cash from My Life Insurance Policy?” Policygenius. “Whole Life Insurance Rates for February 2023.” Guardian. “What Is the Cash Surrender Value of Life Insurance?” Related Articles How to Choose Life Insurance Whole Life Insurance Definition: How It Works, With Examples Types of Life Insurance Plans and How to Decide Which One Is Right for You 5 Top Benefits of Life Insurance What Is a Convertible Term Life Insurance Policy? What Is Indexed Universal Life Insurance (IUL)? Partner Links Related Terms Whole Life Insurance Definition: How It Works, With Examples Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component. more Permanent Life Insurance: Definition, Types, and Difference from Term Life Permanent life insurance refers to coverage that never expires, unlike term life insurance, and combines a death benefit with a savings component. more Understanding Mortgage Life Insurance and Its Advantages Mortgage life insurance is designed specifically to repay mortgage debt in the event of the death of the borrower. more Life Insurance: What It Is, How It Works, and How To Buy a Policy Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies. more Level-Premium Insurance: Definition, Advantages, Example Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract. more Adjustable Life Insurance: Definition, Pros & Cons, vs. Universal Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit. more About Us Terms of Service Dictionary Editorial Policy Advertise News Privacy Policy Contact Us Careers Your Privacy Choices If you are looking for a hosting provider, you'll quickly discover there are different types of hosting with different prices, features, and technical specifications. In this article, we will discuss the most popular types of hosting and help you to decide which is suitable for your website. If you’re looking to make a WordPress website, you’re going to need website hosting. Once you start researching your options, you’ll quickly discover that there are different types of hosting, each with different prices, performance, features, and technical complexities. If you want to make the right decision for your website, it’s important to know what each hosting type is, along with its associated pros and cons. That’s what this post is for. We’ll start with a general explanation of what website hosting is. Then, we’ll break down the most popular types of hosting and help you understand which one is right for your website. Read more about the hidden costs of website hosting Table of Contents What Is Website Hosting? The Five Main Types of Web Hosting Elementor Managed WordPress Hosting Conclusion What Is Website Hosting? Website hosting is the hardware that powers your website and makes it available to visitors around the world. In other words, it’s where you store your website’s files and content and it’s also what serves those files to visitors when they access your site (by typing in your site’s domain name). Every single website has some type of web hosting behind it, whether it’s a big website like YouTube or your friend’s knitting blog. When you purchase web hosting, you’re essentially renting space on a computer. This could be part of a computer that you share with other people, an entire computer, or even space on a network of computers (AKA “the cloud”). Once you have your website hosting, you can start putting it to use. Just like you can install the software (e.g. apps) on your personal computer, you can also install software on your web hosting. For example, creating a WordPress website requires two basic foundations: web hosting (the hardware) and WordPress (the software). Once you have these two set up, you can start designing your site with tools like Elementor. However, if you’re feeling overwhelmed by the technical aspects of managing your own web hosting, you can choose an all-in-one managed WordPress host like Elementor Hosting. It provides award-winning support and takes care of security, software updates, performance, and backups, so you can focus on designing and creating your site. Different websites will have different hosting needs when it comes to the resources that are needed to power the website. A high-traffic, high-resource website will need hosting with a lot of power to handle the workload, while a low-traffic site will be fine with less power. In general, more powerful hosting will cost more money. You wouldn’t expect a cheap $300 laptop to perform as well as a $10,000 top-of-the-line computer, and it’s the same for web hosting. The Five Main Types of Web Hosting Now that you know what web hosting is, let’s go through the five main types of website hosting. All of these hosting types are fully capable of powering WordPress sites. However, some may be more suited to your WordPress site’s unique situation than others. 1. Shared Hosting With shared hosting, your account and websites will share resources with other hosting accounts on that server. Really the only reason to choose shared hosting is the price. Because accounts share resources, shared hosting is typically the cheapest way of hosting a website. Most shared hosting providers also advertise generous limits such as “unlimited websites” and “unlimited storage” (though there’s no such thing as truly “unlimited” hosting). However, from a performance perspective, sharing resources with other accounts is not an optimal configuration. How well shared hosting performs really depends on how many hosting accounts the provider tries to put on each server. 2. VPS hosting A Virtual Private Server (VPS) web hosting plan combines dedicated and shared web hosting features. The website content is hosted within virtually-partitioned sections on the web server to mimic a dedicated server while still sharing the server among multiple users. VPS hosting provides businesses and website owners the ability to customize their storage resources on the web server without necessarily needing a dedicated server. Advantages Provides features of dedicated hosting but at a lower cost Higher uptimes and speeds than shared web hosting Disadvantages Cannot handle high traffic due to resource sharing Only a few aspects of the server can be controlled 3. Dedicated Hosting With dedicated hosting, you have an entire physical server just for your site(s). You get everything and you don’t need to share it with anyone else. The main advantage of dedicated hosting is that you have full control over the physical environment. You can choose the hardware, the software, and so on. However, the vast majority of WordPress users do not need dedicated hosting. This is mainly a solution for large enterprise businesses that need a dedicated hardware environment for specific technical or regulatory reasons. For most WordPress users, you can get the performance benefits of dedicated resources by using cloud hosting, at a lower price than dedicated hosting. Dedicated hosting is something that you’ll come across, which is why it’s worth mentioning. But for a quick-loading website, Managed WordPress hosting offers better value. 4. Managed WordPress Hosting Managed WordPress hosting is a type of hosting service specifically designed for websites built with WordPress. Unlike traditional hosting, managed WordPress hosting provides a more optimized and secure environment for hosting WordPress websites. The hosting provider takes care of the technical aspects of running and maintaining the website, such as software updates, security, backups, and performance optimization. This allows website owners to focus on creating and publishing content, without having to worry about the underlying technical infrastructure. The defining feature of managed WordPress hosting is that they offer a suite of “concierge” features for WordPress users that go beyond what generic hosting offers. This includes features such as the following: Automatic backups Staging Automatic WordPress updates Built-in performance optimizations. WordPress-specific security features Expert WordPress support 5. Colocation Hosting Colocation hosting is an advanced type of hosting that’s really only used by large businesses. With colocation hosting, you physically own the hosting hardware. That is, you’ll actually purchase the hosting servers that you want to use. However, you rent space in another company’s data center to have that company power and maintain that hardware for you. Basically, you get to keep using your own infrastructure but you eliminate the need to have your own physical space for that infrastructure (along with all of the associated costs such as electricity and air conditioning). Again, this is not something a WordPress user will ever need, but it is a type of hosting that you might see, so it’s helpful to know this term. Elementor’s Managed WordPress Hosting As you can see, there’s a good deal of complexity when it comes to the different types of hosting. If you don’t want to deal with choosing between all of these options and you’d rather just focus on building and growing your website, you might prefer to use Elementor Hosting. Elementor Hosting takes the headache out of choosing hosting infrastructure by giving you a complete platform to build a website using WordPress and Elementor. Instead of messing around with technical details, all you do is sign up and start building your site using the pre-installed tools. Elementor Hosting offers an all-in-one managed WordPress hosting solution for an affordable price with no other cost surprises. With hosting plans starting from just $9.99/mo for the first year, you’ll get the following: Managed WordPress Hosting powered by Google Cloud Platform WordPress and Elementor Pro pre-installed Fast & Secure CDN by Cloudflare Free SSL certificate and DDoS protection Plenty of storage, bandwidth and monthly visit options Free custom domain connection Free Elementor Domain Automatic daily backups On-demand backup Top support for both Hosting and Elementor You get all Elementor Pro widgets, features and templates out of the box, in a hassle free hosting platform, optimized especially for Elementor builder. Remember – it’s an all-in-one solution for building websites! Conclusion If you want to make a website, you need website hosting. However, there are different types of hosting that you can choose from, so it’s important to understand your options, along with the pros and cons of each type of hosting. For example, some hosting types focus on keeping costs low at the expense of performance, while others focus on offering maximum performance and flexibility (but often at the expense of higher costs or added complexity). For those looking for a simpler user-friendly way to get started, Elementor Hosting is a great choice to get your site up and running quickly without any technical headaches. You’ll have peace of mind knowing that everything is managed for you, including robust security, automatic software updates, and regular backups. Additionally, your site will load quickly providing a great experience for your visitors. Instead of worrying about technical details and which type of hosting is best, you can focus on building websites right away using Elementor’s all-in-one platform. Do you still have any questions about the different types of hosting and which one is right for your website(s)? Let us know in the comments! Share Looking for fresh content? Get articles and insights from our weekly newsletter. Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails,and agree to our Terms & Conditions and Privacy Policy. Matan Naveh Matan started his career as a Radio Broadcaster, he worked as a content manager and Editor-in-Chief for over 15 years. Matan enjoys psychological horror movies and 80's Chinese restaurants. You might also like All the new features you got in 2023 Dean Issacharoff January 16, 2024 Elementor Hosting Performance Leaps Ahead. Benchmarking Against the Best. 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Subscribe to our newsletter Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails, and agree to our Terms & Conditions and Privacy Policy. MBA Full-Time MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Morning and Evening MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. MBA Core — Core Course Information — First-Year Full-Time MBA Term 4 — MBA Core Term Exam Timetables MBA Upper-Year Electives — General Information — Program-Specific Information — MBA Elective Offerings — MBA Elective Schedules — MBA Elective Exam Timetables Course Selection and Enrolment Emphases Auditing, Overloading, and Extra Course Requests Global and Experiential Learning Taking Courses Outside of the MBA Program Non-Rotman Student Elective Enrolment Process Executive MBAs One-Year Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Rotman-SDA Bocconi Global Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Global Executive MBA for Healthcare and the Life SciencesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Specialized Programs Graduate Diploma in Professional AccountingLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. 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Religious Observances and Statutory HolidaysLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Full-Time MBA Professional Code of Conduct and Recruitment PolicyLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Scent-Free EnvironmentLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Privacy and Collection of InformationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Resources Student Success Portal Academic SupportLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. 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General Frequently Asked Questions (FAQs)Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Search Morning and Evening MBA Home » Programs » Morning and Evening MBA General Information For additional information about important dates and times, please consult the Rotman HUB. The Morning & Evening MBA degree is considered a full-time program spanning 32 months for working professionals. Rotman offers two Collaborative Program Specializations with different graduate departments at the University of Toronto for Morning & Evening MBA students: Collaborative Program in Asia-Pacific Studies Collaborative Program in Environmental Studies Rules and regulations for the Morning & Evening MBA program are governed by the School of Graduate Studies (SGS) at the University of Toronto. The regulations of SGS are applicable, but not limited to, all matters relating to academic standards, examinations, course enrolment, and academic integrity. The SGS Calendar is available online. The Managing Director, Professional MBA Programs is responsible for all aspects of the Morning & Evening MBA program and works closely with the Academic Director, the Vice-Dean, MBA Programs, and the Dean of the Rotman School of Management to ensure a high quality student experience for all. Normal Program Length 8 sessions (3 years)Typical registration sequence: Fall > Winter > Summer > Fall > Winter > Summer > Fall > Winter Time Limit 3 years Curriculum Curriculum information is available at Morning and Evening MBA Curriculum. Fees and Registration The information provided on this page is specific to the Morning and Evening MBA program. For general information on fees, including invoices; legal status; health insurance; making payments; tax forms; the Professional Student Loan Program; government assistance; sponsorship of tuition by a third party; additional and service charges; and restrictions and penalties on past due accounts, please see the Finances section. Registration for the MBA Program is a multi-step process involving program registration, course enrolment, and fee payment. More information about registration and enrolment can be found in the Registration and Course Enrolment section of our Policies and Guidelines. Students are registered as soon as they have paid the required minimum amount of academic, ancillary, and incidental fees as stated on the tuition fee invoice. By virtue of being registered, a student agrees to abide by all of the academic and non-academic policies, rules, and regulations of the University and their academic division as set out in the divisional calendar, and to ensure that the accuracy of personal information such as the current mailing address and telephone number is maintained. Step One: Program Registration (Core Courses Only) Students must read and agree to the terms outlined on the MBA Program Registration form and the Rotman Code of Conduct. Students who do not agree to the terms will not be considered registered and therefore will not be able to attend classes. These documents must be submitted by the start of the MBA Program. Step Two: Course Enrolment The Registar’s Office will automatically enrol students in all compulsory core MBA classes in early August. MBA students do not use the student registration system (ACORN) to register for MBA courses. Step Three: Online Invoice and Fee Payment The University of Toronto Student Accounts office will provide students with an online fees invoice via ACORN. The fees invoice will be available online as of mid-July. In order for students to be considered registered in the program, the minimum payment to register amount as stated on the fees invoice must be paid by 1 September. A monthly service charge of 1.5% compounded (19.56% per annum) will begin to accrue on any outstanding balance as of 15 October. Fee payments are accepted at most Canadian financial institutions; please retain a receipt as proof of payment. Students will find payment instructions in Finances, Fees, and Taxes. It is the students’ responsibility to ensure they make the fee payment by the deadline and to monitor their student account through ACORN. It is the students’ responsibility to ensure they make every effort to make tuition payment by the deadline. Any student who registers (pays fees) after the deadline is required to pay a late registration fee of $44.00. The tuition fees charged for each session of registration have four components: Program Fees Rotman Ancillary Fees University Compulsory Incidental Fees University Non-Compulsory Incidental Fees The following tables are estimates. Please refer to the University of Toronto’s Planning & Budget website for the most accurate and up-to-date fees schedules. The annual Program Fees for the Morning and Evening MBA Classes of 2024, 2025, and 2026 are illustrated below. Annual Program Fees for the Morning and Evening MBA Class of 2024 (Entered in 2021) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2021–22) $30,846 $43,707 Year 2 (2022–23) $30,404 $43,707 Year 3 (2023–24) $29,522 $43,707 Total Program Fee $90,772 $131,121 Annual Program Fees for the Morning and Evening MBA Class of 2025 (Entered in 2022) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2022–23) $30,846 $44,580 Year 2 (2023–24) $30,404 $44,580 Year 3 (2024–25) $30,404 $44,580 Total Program Fee $91,654 $133,740 Annual Program Fees for the Morning and Evening MBA Class of 2026 (Entered in 2023) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2023-24) $30,846 $45,470 Year 2 (2024-25) $30,846 $45,470 Year 3 (2025-26) $30,846 $45,470 Total Program Fee $92,538 $136,410 Incidental & Ancillary Fees In addition to the annual program fees noted above, students are required to submit payment for University mandatory incidental fees and Rotman ancillary fees. The University incidental fees amount to approximately $2,000 annually, which covers the terms from September–end-of-April and include campus fees and student society fees. Hart House privileges extend to end-of-August. The Rotman ancillary fees amount to approximately $325 annually, which covers the terms from September–end-of-August. Additional details, information, and finalized amounts will be updated as available and found on your fees invoice. Rotman ancillary fees are charged by the School for services specific to the program. University incidental fees are charged by the University for services that are universal to all students: student unions; campus services, such as Hart House and the Athletic Centre; and electronic access fees for the cost of internet-based information access. This fee also includes health coverage and dental plan. Students with equivalent insurance elsewhere may opt out of these plans. Please visit the Graduate Students’ Union website for details. The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International students only. Note: The annual program fee, University incidental fees, and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting each May. Questions regarding how to Register Without Payment may be directed to the Registrar’s Office. Teams Team work is a substantial part of the Morning and Evening MBA program and plays a significant role in both the academic setting for course grades as well as training for professional life. Therefore, the content and the workload within the MBA program are structured around the requirement for students to work successfully in project teams. In an effort to facilitate teamwork and allow students to benefit from the diversity of backgrounds represented in the program, the Program Services staff forms and assigns project teams of four to five students for all core courses which incorporate group work as part of the grading scheme. We take a number of factors into account when forming the project teams, including academic background, industry experience, program of study, and international background. Project teams are utilized for course projects and are also intended to provide an academic support for students for individual course work and class preparation. Approximately 70% of the core courses have some element of graded team work, ranging in value from 10–40% of the overall course grade. The amount of team work varies by area and course in the elective phase of the program, during which period students will have the opportunity to form their own teams for project work. Team Support Rotman’s Self-Development Lab will be available to support the development of a positive team culture and to monitor the progress of each project team in terms of productivity and process. Project teams or their individual members who encounter difficulties or are unable to resolve team issues are required to contact the Program Services staff as soon as possible. The Program Services staff, in consultation with the Self Development Lab will assist the student(s) to understand all angles of the situation, process and provide tools and resources to help students resolve project team concerns. The Program Service staff does not reassign project team member(s) unless extenuating circumstances occur and or the behaviour exhibited is contrary to the Rotman Code of Conduct. At which point additional sanctions may be placed on an offending student(s) that could impact their academic standing in the course and program. Issues pertaining to academic and non-academic misconduct will be dealt with in accordance with the School of Graduate Studies policy (as defined by the University’s Code of Behaviour on Academic Matters). Team Work and Academic Integrity When working as a team, each team member is responsible for the work submitted collectively by the team. This includes work that may be considered academically dishonest, or in which an academic offence has been committed (as defined by the University’s Code of Behaviour on Academic Matters). In other words, if one of your team members takes a shortcut and copies material from the internet or a past assignment, or simply isn’t aware of the rules regarding appropriate citation for sources consulted, the whole team faces consequences that may arise from an allegation of academic misconduct. It is up to each team member to be sufficiently familiar with the work being submitted; to check each other’s work for proper citations and originality; and to be aware of the relevant policies. As a general guideline, students should approach group assignments—and the checking of citations and originality—in the same manner that they normally would for an individual assignment; ultimately, ensuring the quality of the final product being submitted meets the standard of integrity. Team Behaviours and Protocols All students are expected to treat team work as they would in a business setting, ensuring professional behaviour at all times. Professional behaviour in team settings includes (but is not limited to) the following: Respecting and treating all others in a manner consistent with the Rotman Code of Conduct Ensuring all team members voice their opinions, thoughts, and concerns Taking personal responsibility to voice thoughts to benefit the team’s learning Contributing equal time and effort to the project as others in the group Committing to a standard of work agreed upon by the group Participating in team projects at a level agreed upon by the entire team General Dispute Resolution Procedures The project team should attempt to resolve cases in which a team member does not demonstrate an adequate degree of commitment to the project team and its work, or if the quality of the work is not of MBA calibre or of the level expected by the project team. The general dispute resolution procedures are given below. Project teams that do not follow the general dispute resolution procedures described here are required to give each project team member equal credit for the disputed project work. Early intervention can solve many of the minor disputes that arise among team members. During this stage a project lead is expected to ensure that the individual is aware of the team’s expectations and has the opportunity to commit to the successful completion of the project. In the event that early intervention is unsuccessful, the project lead is expected to engage the support of the Program Services staff, without delay, to provide additional support and resolution options. The Program Services staff may enlist additional support and resources of an advisor from the Self-Development Lab and/or Academic Director if the situation necessitates. If a satisfactory solution cannot be reached at the outcome of this discussion, the entire project team must meet with one of the team support designates. The team support designate will listen to every member of the team and discuss options for improving the team process and effectiveness. All members of the project team must commit to actively participate in the solution and utilize suggestions and terms agreed to in this meeting. If attempts to resolve the project team’s issues have not been successful and the recurring issue(s) persist, the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, and the Rotman Code of Conduct, as well as the various support resources on campus. Resolution decisions may include an academic penalty. Equitable Group Effort and Workload In a situation where an individual or individuals have consistently failed to meet the project team’s expectations (as outlined in the team charter and the first project meeting for the specific project in question), and the dispute resolution procedure is not successful, a project lead must consult with their project team to decide whether or not the project team is to submit the assignment/project without all project team members’ names. In the event that one or more project team members’ names are removed from the final submission, the affected student(s) is/are expected to contact both the instructor and Program Services immediately and no later than 48 hours after the submission deadline. The discussion with the affected student will be reviewed by the Program Services staff and the instructor for a final decision regarding academic penalty and/or accommodation by means of an alternative assignment. Not all courses and deliverables in the Rotman MBA program lend themselves to individual completion. A key learning outcome of the program is a demonstrated ability to positively contribute to a project team. If a student is unable to function as part of the team they may jeopardize their ability to continue in or complete the program. In extreme circumstances that involve concerns over physical or psychological safety (e.g. abusive behaviour, discrimination, harassment), the OSE will intervene much earlier in the process, drawing upon the appropriate resources of the University to do so. Elective Course Teams All members of the project team must actively work to resolve the issue through early intervention and discussion, led by a designated team leader. In the event that an internal project team resolution attempt fails, the instructor should then be approached as soon as possible for recommendations. The instructor may contact the Program Services staff or Registrar’s Office, if necessary, at any time in the process. The instructor will listen to the team and offer options for improving the group process and to help with potential solutions. If these efforts do not result in a satisfactory resolution, the instructor and the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, the Rotman Code of Conduct, and the various support resources on campus. Resolution decisions may include an academic penalty. Academic Penalties for Unprofessional Behaviour / Non-Participation Failure to participate in group projects at a level agreed upon by the entire project team, or demonstrating unprofessional conduct, will not be tolerated and may be subject to investigation and academic penalty. Unprofessional conduct includes violations of the professional behaviours listed above. Support Career Services Rotman Career Services for Working Professionals recognizes that students are, for the most part, busy juggling full-time work, school, and families. Students are probably getting your MBA to advance their careers. And while there are many ways to measure the return on investment, our goal is to equip students with a lifelong toolkit they can use to take ownership of and manage their career and professional development long after their three years with us. Career Services is committed to working closely with students to refine their career goals, market themselves efficiently, and network with people in a position to help them reach their targets. Career Services provides students with career support through a range of services, including: Individual career counselling appointments in person or via telephone, including: Self-assessment Independent job search strategy Career advancement strategies Networking techniques Résumé and cover letter review Interview preparation Job offer and negotiation advice Professional development workshops and webinars on career related topics, including: Developing a career management plan Personal branding Advanced Resumes Networking Technical interview preparation Industry-specific speaker events Attend over 80 free industry-specific speaking events per year Participate in industry-specific student club events with alumni Students looking for support or advice in any of the above areas are encouraged to request an appointment in person or through Career Services’ main email address. Professional Development Professional development is an overarching program for all MBA students which encompasses professional and personal skill development and career essentials workshops and seminars, delivered through the Registrar’s Office (RO) and Career Services. The program has several key elements, all integral to the development of knowledge, skills and a network that can positively impact both career and academic success. Students are encouraged to consider their academic, personal, and professional goals when reviewing the various options made available throughout the MBA program to allow for skill and knowledge development that will assist each individual in meeting their goals. Registration for a professional development workshop is via the Rotman HUB using the “Student Tools” tile. Once registered, students should submit payment either online or in person at the Registrar’s Office within 24 hours. Offerings may require additional registration fee and will be advertised accordingly. The registration opens two to three weeks prior to each workshop date; details are communicated via email. Note: All RO courses, workshops and activities require registration through the Rotman HUB. Career Services workshops, courses and activities require registration through the Career Services website on the HUB. A program registration amount is listed for any activities which may require a fee. Student Engagement Getting involved in one of the many student leadership opportunities or becoming a member of an organization provides students with an excellent opportunity for personal and professional development. Being active in the Rotman community also allows students to expand their network by providing them with the opportunity to meet students in other programs, faculty, and industry professionals. Recognizing the hardest part is often finding time in already busy schedules, we encourage students to take full advantage of the numerous opportunities available to them while attending the Rotman School of Management. Some of these opportunities include taking part in extracurricular activities, organizations, conferences, competitions, and events which further develop the already close-knit nature of the Rotman student community. Taking on a student leadership role allows you to partner with faculty, staff, and industry professionals to enhance the social, teaching, and learning environment at the school. A schedule of current and upcoming events is available via the HUB‘s Calendar card. Program Services events are communicated via the the Programs Resources tile on Quercus. Graduate Business Council The Graduate Business Council (GBC) is the student-elected representative organization at Rotman. The GBC acts as an umbrella for all clubs, sporting, and social activities, as well as a liaison with the faculty and school administration. Dean’s List The Rotman School recognizes the top 20 per cent of both the first-year and graduating Morning and Evening MBA classes with a Dean’s List based on cumulative GPA. To be eligible for consideration, you must obtain passing grades in all courses and be registered in good standing. Courses graded as CR/NCR, Pass/Fail, or Honours/Pass/Fail, do not count towards the GPA, nor do courses taken as EXTra. Late withdrawals (WDR) do not affect the GPA. Dean’s List notations are not included on the University of Toronto transcript. Note that the Rotman School does not publicly rank students or release information on student rankings; however, the lists themselves are formally announced annually for the purposes of convocation, the Rotman Student Awards Ceremony and internal School recognition. First Year Dean’s List The First Year Dean’s list is compiled each year upon completion of all 1000-level core courses up to and including fall of Year 2. In addition to recognizing the top 20 per cent the School also bestows the following honours: The top student completing the core courses of the Morning or Evening MBA Program earns the title Dean’s List, with Distinction. The Top 10 per cent of students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List, First Class. The remaining students in the top 20 per cent of all students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List. Graduating Year Dean’s List The Graduating Dean’s List is compiled each year in mid-June and is based on a cumulative GPA for the entirety of the program. In addition to recognizing the top 20 per cent of the class, the School bestows the following honours: The top student graduating from the Full-Time, Morning/Evening, EMBA, and GEMBA-HLS programs at the School earns the title Dean’s List and Bregman Scholar, Roger N. Wolff Prize. The top 10 per cent of the students graduating from each Program earn the title Dean’s List and Bregman Scholar. The remaining students in the top 20 per cent of students graduating from each Program earn the title Dean’s List. Only elective courses taken to meet the degree requirements are considered; courses that have been designated as EXTra are not used in the GPA calculation for the Graduating Year Dean’s List. Courses taken at other faculties within the University of Toronto will be considered as part of the GPA calculation for the Graduating Year Dean’s List. Students who participate in the International Exchange Program are eligible to be considered for the Graduating Year Dean’s List based on Rotman MBA Courses taken. Grades received at the host university, however, will not be taken into consideration. November Graduation: Students graduating in November will be reviewed and considered for the Dean’s List at the next June convocation. Program Directory The faculty and administrative staff at Rotman are dedicated to supporting the efforts of each individual student to realize his or her fullest potential. The staff in the Morning and Evening MBA Recruitment & Admissions Office, Office of Student Engagement, Registrar’s Office, Career Centre, and Career Services for Working Professionals Office are available for consultation on all matters relating to the Morning and Evening MBA program, including admissions; enrolment; registration; grade or course issues; financial assistance; international programs; career development opportunities; or special advising. Managing Director, Program Strategy and Student Experience: Séan CorbishleyAcademic Director, Morning & Evening MBA Program: Tim RowleyDirector, Office of Student Engagement: Renice JonesAssistant Directors, Community and Culture, Morning & Evening MBA Program: Analise Anderson-Ma and Ashifa RajwaniProgram Manager, Morning & Evening MBA Program: Jonathan SooManaging Director, Recruitment, Admissions, and Business Development: Mohammad SalhiaDirector, Recruitment & Admissions, Full-Time and Morning & Evening MBA Programs: Nicola WoodsAssistant Directors, Recruitment & Admissions, Morning & Evening MBA Program: Angela Forster and Farhia JabaneyRecruitment & Admissions Officer, Morning & Evening MBA Program: Karla Palma BlandinoDirector, Career Services: Lyla KorhaniAssociate Director, Career Curriculum & Consulting, All MBA Programs: Cara McCreeryCareer Coaches, Full-Time and Morning & Evening MBA Programs: Amy Richards, Beti Ivanov, Cindy Chong, Rob Woon-Fat, Robyn Behlke, and Maria ParenteGeneral Questions/Assistance/Advice: me.mba.ose@rotman.utoronto.ca Morning and Evening MBA General Information Curriculum Fees and Registration Teams Support Student Engagement Dean’s List Program Directory Print this page This page was last updated: 2024-02-29 @ 10:56 am Contact Us HoursMonday – Friday: 8:45am – 5:00pmSaturday & Sunday: Closed 105 St. George Street Room 214 Toronto, ONM5S 3E6RO@rotman.utoronto.ca Quick Links NoticesImportant DatesRegistrar’s Office DirectoryGraduate Business Council (external link)Rotman HUB (external link)Quercus (external link) © 2024 Rotman School of Management All Courses All Courses Log in Career Fast-track Data Science & Business AnalyticsAI & Machine LearningProject ManagementCyber SecurityCloud ComputingDevOpsBusiness and LeadershipQuality ManagementSoftware DevelopmentAgile and ScrumIT Service and ArchitectureDigital MarketingBig DataCareer Fast-trackEnterpriseOther Segments ArticlesEbooksOn-demand Webinars Explore our curated learning milestones for you! Click here to close suggestions! HomeResourcesCareer Fast-trackWhat Is MBA: Types, Career Benefits and Preparation Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? What Is MBA: Types, Career Benefits and Preparation By Simplilearn Share This Article: Last updated on Feb 1, 20242381 Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? With today’s world offering multiple career opportunities but also being more competitive than ever, you need to figure out how to stand out from the crowd. Whether you have just graduated or are a professional looking to scale up in your career, you can never go wrong with an MBA degree. So what is an MBA degree and what are its benefits? Is it worth it? If so, how can you prepare yourself for it? Let’s dive into each of these questions in detail. Simplify your journey to success with Simplilearn's MBA Courses - Streamline your learning, achieve tangible outcomes, and make your mark in the business realm. Become a Business and Leadership Professional Top 10 skills in demandBusiness Analysis As A Skill In 2020 14% Growth in JobsOf Business Analysis Profile By 2028 Master Of Business Administration (MBA) 18-month post-study work visa 94% of IU graduates find a job within 3 months after graduation 12 months View Program Post Graduate Diploma in Management AICTE-recognized and AACSB-accredited PGDM certificate by Jagdish Sheth School of Management Program ranked in the 51-100 band globally in the QS Masters Rankings and #4 Private MBA college in South India 24 months View Program prevNext Not sure what you’re looking for?View all Related Programs What is an MBA? MBA or Master of Business Administration is an internationally recognized degree providing you with a plethora of job opportunities in the corporate world. Having an MBA goes way beyond three letters on your resume. It helps you to build in-depth business knowledge, boost your career and salary prospects, and also grow your professional network. Most MBA programs come with a broad spectrum of business-related topics such as marketing, operations, human resource, finance, and communications. They not only help you for a fulfilling career, but they also prepare you with the tools and mindset to start your own business. The eligibility criteria to apply for an MBA degree is a bachelor’s degree. Some business schools may even select only those candidates who have a few years of professional work experience. Types of MBA There are several routes you can take to earn an MBA degree. Although all of them result in you earning an MBA degree, there are some things that you should consider before choosing which route to take. Full-Time MBA A full-time MBA is the classic two-year MBA program that you may be familiar with. It includes physical classes, semester-wise assessment, internship, and placements. This is the most preferable option if you are a fresh graduate or want to put your job on hold for a while. Part-Time MBA A part-time MBA is a program where classes are either conducted in the evenings or during the weekends. Usually, these programs won’t come with internships or placements. It is best suited for working professionals who want to learn key managerial skills after their work hours. Distance MBA A distance MBA allows you to pursue an MBA degree via remote communication and correspondence. It is comparatively less expensive than a regular MBA program and offers you the flexibility to complete it on your own time. It is best suited for people with limited time and resources. Online MBA With everything moving online these days, this is currently the most popular mode of an MBA program that you can opt for. Lectures are given through live sessions or prerecorded and saved in the Learning Management System (LMS). There are no physical classes in an online MBA and all the assessments are done online as well. This is best suited for people who want to pursue an MBA program from a college or university which is not in their city or country. Executive MBA An Executive MBA program is specially designed for professionals with more than five years of work experience. The courses are usually of shorter duration but the curriculum is similar to a full-time MBA. This is the most expensive MBA program out there that will help you gain expert-level knowledge to enhance your career growth. It is best suited for people who work full-time and want to scale up to leadership positions. Benefits of an MBA According to GMAC’s annual Corporate Recruiters Survey, employers offer new MBA hires with a median starting salary of $115,000 as compared to bachelor’s degree hires ($65,000) and direct-from-industry hires ($95,000).. Here are some more benefits of getting an MBA degree: New Career Paths - An MBA program will not only help you understand complex business issues but will always help you determine exactly what you want in your future. This can open up your mind to new career paths than you originally planned. Holistic business education - An MBA program will offer you in-depth insights into business functioning at advanced levels. Improved communication skills - From oral presentations to sending emails to working with groups, an MBA program is uniquely designed to push students to communicate better and get their ideas across in a more concise manner. Build Connections - This is especially true if you opt for an Executive MBA program as you will get to connect with people from different backgrounds and create a massively expanded network of business contacts. How to Prepare for an MBA? Before you start considering an MBA, you need to do some research on the best business schools, study for GMAT, know which MBA field to specialize in, and lots more. Whether you plan to attend an immersive two-year MBA program or take up a course online, here are some practical steps you can take to prepare for an MBA. Talk to Alumni or Current Students Reach out to current and former MBA students enrolled at the program of your choice to get their perspectives. Some business schools arrange for campus visits and provide introductions, but you can reach out to current students through online platforms like LinkedIn as well. Expand Your Reading List Most MBA coursework includes reading a number of books as part of the preparation and coursework. Moreover, this will help you expand your knowledge in business, leadership, and global markets and make you more valuable as an MBA applicant to prestigious business schools. Here is a list of some of the best project management books to help you level up your skills. Work on Your Networking Skills One of the most valuable skills that you can possess as an MBA applicant is good networking skills. Over the course of an MBA program, you will get the opportunity to meet future business leaders and hence, good networking skills will work to your advantage. Prior to enrolling in an MBA program, make a conscious effort to network in corporate and social events. Pick a Specialty Many business schools offer a number of specialized programs like marketing, international business, finance, and so on. Figuring out what you want to specialize in will help you get a jump in your career. What Next? Unlock your potential for leadership and strategic decision-making with the Executive Certificate Program In General Management, offered in collaboration between Simplilearn and IIM Indore. This comprehensive program is designed to empower executives and business professionals with the knowledge and skills needed to excel in today's dynamic business landscape. 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Close Stay focused on what matters. With Federated Insurance, you work directly with an industry expert who is committed to understanding the unique risks and opportunities associated with your business. With a dedicated agent and risk management team on your side, you will always get the right coverage for your company and can focus on what matters most. Trust. Advise. Protect. Get My Quote Submit a claim How can we help? Business insurance File a claim Get My Quote Who is Federated Insurance? We’ve been around since 1920, proudly serving Canadians with innovative and affordable insurance protection. And while a lot has changed over the years, we’ve always stayed true to our belief that knowing your business matters. We take the time to get to know what your business does inside and out to ensure we’re protecting you from any and all of the risks you may be facing. 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Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Our insurance solutions. When your business has strong insurance coverage, it has financial protection in the event of a loss. With a dedicated agent and risk management team there to help you, you’re able to focus on what matters most: running your business. Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance, and without the proper coverage, your business may be vulnerable to an expensive claim. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Working with a Federated Insurance Agent is easy and fast. We know you’re busy, which is why we’ve made our insurance process as seamless and effortless as possible. Step 1You’ll speak to one of our industry-trained specialists. This person will become your dedicated Commercial Insurance Specialist, and be there throughout the entire process. Step 2You and your Commercial Insurance Specialist will get to know one another. They’ll ask you some questions to ensure they understand your business inside and out. Step 3Our expert team of Commercial Underwriters will review every aspect of the business you operate. 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The personal touch: Big companies often mean call centres, multiple points of contact, and various forms of communication. With Federated Insurance, you have one dedicated specialist to guide you through all of your insurance needs. We’ll call, email, or drop by in person depending on what you prefer. We’ll also take care of all the paperwork so you can focus on what you do best — running your business. We’re more than just insurance coverage: We’re not just your insurance provider; we’re your trusted advisors and business partners. By choosing to partner with Federated Insurance, you gain direct access to our Risk Services team. This team of experts has decades of experience combating risks for all business types, and can provide mitigation and loss prevention strategies to help keep your business safe. Request a Quote What do our customers think of us? Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. We take your coverage a few steps further. Risk Management Assist: You work hard for your business, which is why it’s vital to do whatever you can to protect it from future losses. With Risk Management Assist, customers are granted unlimited telephone access to our team of Risk Services Specialists, who can help you mitigate risks by answering questions and providing expert guidance. Learn more Legal Assist: No matter the industry you work in, as a business owner you may encounter situations where you must contend with various laws and regulations. Federated Insurance’s Legal Assist service is here to help with expert legal advice on a variety of topics. Learn more Trauma Assist: Suffering a loss to your business is never easy. As a Federated Insurance customer, you’ll have access to confidential counselling services to help you and your employees work through the emotional effects of an insured, traumatic loss. Learn more Cyber Assist: Cyber attacks are becoming increasingly prevalent, which is why precautions against such attacks are vital. Federated Insurance offers Cyber Assist to help businesses take proactive measures against cyber breaches and provides reactive assistance in the event of a privacy breach. 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UF MBA provides you the tools to be successful in all areas of your life while earning your MBA. You don’t have to be on campus every day to get a well-rounded, rich MBA experience. Apply to UF MBA Request Information Attend an Info Session Schedule a Call Online One-Year This 16-month option is an accelerated program for those who have an undergraduate degree in business and graduated in the last seven years. This is one of the quickest ways to get your MBA at UF. Students enrolled in UF’s Outreach Engineering Management (OEM) program are also eligible for this option. Online Two-Year This 24-month option uses course materials developed by the same respected faculty that have helped UF MBA at Warrington College of Business rise to national prominence. We recommend this for students seeking maximum flexibility. Online or on campus, same MBA degree from a top ten university In 1999 the UF MBA Program was one of the first schools to offer a fully-accredited online degree. Now, UF MBA is regarded as one of the world’s best by Financial Times and U.S. News & World Report. Our Online MBA students come from all over the world and from a variety of organizations – Fortune 500 companies, government agencies, non-profits and more. To ensure quality interactions among students and professors, class size is limited to 65 students. Similar to our other formats, a minimum of two years of full-time, professional work experience is required for our online MBA. The degree earned at the completion of the program is a full Master of Business Administration, and is equivalent to any other MBA degree offered by the University of Florida MBA. Home Program Formats Full-Time MBA Full-Time Two-Year Admissions Courses and Curriculum Financial Information The Student Experience Full-Time One-Year All Majors Admissions Courses and Curriculum Financial Information The Student Experience Full-Time One-Year Business Majors Admissions Courses and Curriculum Financial Information The Student Experience Campus & Culture UF MBA Association Student Ambassadors Concentrations Professional Development Career Online MBA Online One-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule Summer Start Calendar Summer Start Course Schedule Fall Start Calendar Fall Start Course Schedule The Student Experience Online Two-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule Summer Start Calendar Summer Start Course Schedule Fall Start Calendar Fall Start Course Schedule The Student Experience Professional Development Career Weekend Professional MBA One-Year Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience Two-Year Admissions Courses and Curriculum Spring Start Calendar Spring Start Course Schedule The Student Experience Two-Year in South Florida Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience On-Campus Electives Professional Development Career Executive MBA Admissions Courses and Curriculum Fall Start Calendar Fall Start Course Schedule The Student Experience Professional Development Career Combination Degrees UF Engineering Partnership Compare Program Formats Apply Eligibility for Accelerated Formats Careers Global Experiences Military Financial Information Payment Schedules How to Earn Employer Support for Your Professional MBA FAQ Alumni Involvement Opportunities Events Information Sessions Open Houses GMAT Boot Camp Critical Issues in Business Speaker Series Current Student Resources Contacts No. 6 in the U.S. U.S. News & World Report, 2024 Best Online MBA Programs Need to convince your boss? 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Our students can expect an engaging classroom experience with academically qualified faculty that also boasts business experience reaching far beyond the classroom. In addition, students can expect over 30 annual career-focused events that range from employer visits to networking forums and individual career counseling with the Princeton Review's #1 ranked Career Services team. Whether it is to be better prepared for your current role, break through the glass ceiling for the next promotion or land your dream job, Clemson's MBA Program is here to help you achieve your goals. Clemson is proud to offer various flexible MBA options to suit your schedule and career goals best. With an array of full-time and part-time MBA curriculums offered through in-person, 100% online or hybrid styles, Clemson MBA has the program for you. Click the links below to learn more about our different MBA curriculums. Upcoming Admissions Events Full-time MBA Curriculums Corporate Entrepreneurship & Innovation Part-time MBA Curriculums Corporate Online Corporate Entrepreneurship & Innovation Digital Brand Communications Business Analytics Located in the heart of downtown Greenville Clemson is proud to offer our in-person MBA classes at the beautiful Greenville ONE campus in downtown Greenville. The campus is designed to be an immersive experience for students in the heart of one of the fastest-growing cities in the country. Access to Greenville's local, regional, and international business leaders allows students unique networking opportunities with employers and entrepreneurs that can't be replicated. Greenville is also home to beautiful parks, fantastic restaurants and personable city events, so it is easy to call our campus on Main Street home. imothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. Learn about our editorial policies Term vs. Whole Life Insurance: An Overview Term life insurance offers more affordable coverage than whole life, but it only lasts for a certain number of years instead of your lifetime, and it doesn't have the tax-free savings component that whole life has. Term and whole are two of the most common types of life insurance. Whole life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s premiums). It also includes a cash value account—a savings component that grows tax-free over time and that you can withdraw from or borrow against while you are alive. Term life insurance, on the other hand, lasts only for a set period of time (the term) and does not accrue any cash value. We’ll break down the key features that distinguish these insurance mainstays. Key Takeaways Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—as long as you keep up with the premium payments. Term life is just insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Whole life premiums can cost five to 15 times more than term policies with the same death benefit, so they're not a good fit for everyone. Sabrina Jiang / Investopedia Term Life Insurance Term life insurance is perhaps the easiest to understand because it’s straightforward insurance, without a savings or investing component. The reason why you buy a term policy is because of the promise of a death benefit for your beneficiary should you pass away while it’s in force. For many people, it’s a way to make sure that their minor children are provided for and their mortgage is paid after they die. As the name suggests, this basic form of insurance is only good for a certain period of time, whether it’s five, 20, or 30 years. After that, the policy expires. Benefits Costs are much lower than for many other types of life insurance. Term insurance is easier to understand than permanent policies. Drawbacks Only protects you for a limited number of years. Cannot be used as a wealth-building or tax-planning strategy. Benefits of Term Life Insurance, Explained Because term policies offer basic coverage with a finite duration, they tend to be the cheapest type of life insurance, often by a wide margin. If all you seek from a life insurance policy is the ability to protect your family when you die, then term insurance is likely the best fit. Since term policies are typically more affordable and can last until your child enters adulthood, term insurance could be a particularly good option for single parents who want a safety net for their child if they die. According to quotes gathered by Investopedia from more than 30 insurers, the average monthly premium for a 42-year-old man in excellent health applying for a 30-year term policy with a $250,000 death benefit is $33.24 a month. For a comparable female applicant, it’s $27.31. Note Women tend to have lower life insurance premiums on average because they typically have longer life spans than men. Drawbacks of Term Life Insurance, Explained A variety of factors will change the price, of course. For example, a larger death benefit or longer length of coverage will certainly increase the premiums. Also, most policies require a medical exam, so any health complications could raise your rates above the norm as well. Because term insurance eventually expires, you can find yourself having spent all that money for no purpose other than peace of mind. Also, you can’t use your investment in term insurance to build wealth or save on taxes as you can with other types of insurance. Whole Life Insurance Whole life is a form of permanent life insurance, which differs from term insurance in two key ways: It never expires as long as you keep making your premium payments. It provides some cash value in addition to the death benefit, which can be a source of funds for future needs. Benefits Allows you to borrow against or withdraw from the policy for other financial needs. Loans and withdrawals are generally tax-free, and loans may have beneficial terms. Lets you lock in your premiums for life. Drawbacks Costs much more than comparable term policies. If you let the policy lapse within the first few years, you could face surrender charges. Any outstanding loans will reduce your death benefit. Benefits of Whole Life Insurance, Explained Most whole life policies are “level premium,” meaning that you pay the same monthly rate for the duration of the policy. Those premiums are split in two ways. One part of your payment goes to the insurance component, while the other part helps build your cash value, which grows over time. Many providers offer a guaranteed interest rate, although some companies sell participating policies, which pay unguaranteed dividends that can increase your total return. Usually, your cash value doesn’t accrue until two to five years after coverage begins. Once it does, however, you can borrow or withdraw from your cash value amount, which grows on a tax-deferred basis. For example, you may want to do take out a loan to pay for expenses such as college tuition or repairs to your home. The advantages of policy loans over other kinds of loans are that there’s no credit check and the interest rate may be lower. You also don’t have to repay the loan, but if you don't, you will reduce your death benefit. Withdrawals are generally tax-free if you don’t take out more than you’ve paid into the policy. The ability to withdraw or borrow from a whole life insurance policy makes it a much more flexible financial tool than a term policy. Drawbacks of Whole Life Insurance, Explained Unfortunately, with whole life insurance, the death benefit and cash value aren’t completely separate features. If you take a loan from your policy, then your death benefit will go down by a corresponding amount if you don’t pay it back. For example, if you take out a $50,000 loan, then your beneficiaries will get $50,000 less, plus any interest due, if the loan is still outstanding. The main disadvantage of whole life insurance is that it’s more expensive than a term policy—by quite a bit. Permanent policies cost on average five to 15 times more than term coverage with the same death benefit. For a lot of consumers, the relatively high cost makes it hard to keep up with payments. Another potential drawback of whole life insurance is its complexity. With a term policy, for example, you can simply stop making payments if you no longer need the insurance or can no longer afford it. However, depending on your carrier, whole life policyholders may face a significant surrender charge if they decide to walk away from their policy. Usually, this charge shrinks as the years go by until it finally disappears. Special Considerations So which type of coverage is best for your family? If term coverage is all you can afford, then the answer is simple: Basic protection is better than no protection at all. The question is a little trickier for folks who can afford the substantially higher premiums that come with a whole life policy. If your goal is to save for retirement, then many fee-based (that is, non-commission-earning) financial advisors recommend turning to 401(k)s and individual retirement accounts (IRAs) first. After maxing out those contributions, a cash value policy may be a better option for some people than a fully taxable investment account. Some consumers have unique financial needs that a whole life policy can help manage more effectively. For example, parents with disabled children may want to consider whole life insurance, as it lasts your entire lifetime. As long as you keep paying the premiums, you know your kids will receive the death benefit from your policy, even when they’re adults. Whole life can also be a valuable tool in succession planning for small businesses. As part of a buy and sell agreement, business partners will sometimes take out whole life insurance for each owner, so that the remaining partners can purchase the deceased’s equity stake in the event of their passing. Regardless of insurance policy type, premiums will be lower the younger (and healthier) you are when you buy it. Is Term Life Insurance Better Than Whole Life Insurance? It depends on your needs and wants. If you only need life insurance for a relatively short period of time (such as only when you have minor children to raise), term life may be better because the premiums are more affordable. If you need permanent coverage that lasts your entire life, whole life is likely preferred. Whole life also offers several living benefits deriving from its cash value accumulation, which can be borrowed against or withdrawn during your lifetime. What's the Longest Term Life Policy? Typical term life policies come in terms of 10, 15, 20, 25, or 30 years. A small number of insurers will offer 35- and 40-year policies as well. What Happens to Term Life Insurance at the End of the Term? If the term ends on your life insurance policy, generally, the policy will just expire and you don’t need to do anything. However, your insurer may allow you to convert part or all of the term policy into a permanent policy. You’ll need to check on this possibility as early into the life of the policy as possible, because sometimes, term life conversion is only available in the early years of the policy. The Bottom Line With its cash value component, whole life insurance certainly offers more financial flexibility than term life insurance. Nevertheless, because permanent policies are more complex and expensive, a lot of consumers follow the old axiom, “Buy term and invest the rest.” Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Insurance Information Institute. “What Are the Different Types of Term Life Insurance Policies?” Social Security Administration. “Actuarial Life Table, 2020 (2023 TR).” Allstate. “What Is Cash Value Life Insurance?” Fidelity Life. “Cash Value Life Insurance.” Guardian. “Can I Withdraw Cash from My Life Insurance Policy?” Policygenius. “Whole Life Insurance Rates for February 2023.” Guardian. “What Is the Cash Surrender Value of Life Insurance?” Related Articles How to Choose Life Insurance Whole Life Insurance Definition: How It Works, With Examples Types of Life Insurance Plans and How to Decide Which One Is Right for You 5 Top Benefits of Life Insurance What Is a Convertible Term Life Insurance Policy? What Is Indexed Universal Life Insurance (IUL)? Partner Links Related Terms Whole Life Insurance Definition: How It Works, With Examples Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component. more Permanent Life Insurance: Definition, Types, and Difference from Term Life Permanent life insurance refers to coverage that never expires, unlike term life insurance, and combines a death benefit with a savings component. more Understanding Mortgage Life Insurance and Its Advantages Mortgage life insurance is designed specifically to repay mortgage debt in the event of the death of the borrower. more Life Insurance: What It Is, How It Works, and How To Buy a Policy Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies. more Level-Premium Insurance: Definition, Advantages, Example Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract. more Adjustable Life Insurance: Definition, Pros & Cons, vs. Universal Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit. more About Us Terms of Service Dictionary Editorial Policy Advertise News Privacy Policy Contact Us Careers Your Privacy Choices If you are looking for a hosting provider, you'll quickly discover there are different types of hosting with different prices, features, and technical specifications. In this article, we will discuss the most popular types of hosting and help you to decide which is suitable for your website. If you’re looking to make a WordPress website, you’re going to need website hosting. Once you start researching your options, you’ll quickly discover that there are different types of hosting, each with different prices, performance, features, and technical complexities. If you want to make the right decision for your website, it’s important to know what each hosting type is, along with its associated pros and cons. That’s what this post is for. We’ll start with a general explanation of what website hosting is. Then, we’ll break down the most popular types of hosting and help you understand which one is right for your website. Read more about the hidden costs of website hosting Table of Contents What Is Website Hosting? The Five Main Types of Web Hosting Elementor Managed WordPress Hosting Conclusion What Is Website Hosting? Website hosting is the hardware that powers your website and makes it available to visitors around the world. In other words, it’s where you store your website’s files and content and it’s also what serves those files to visitors when they access your site (by typing in your site’s domain name). Every single website has some type of web hosting behind it, whether it’s a big website like YouTube or your friend’s knitting blog. When you purchase web hosting, you’re essentially renting space on a computer. This could be part of a computer that you share with other people, an entire computer, or even space on a network of computers (AKA “the cloud”). Once you have your website hosting, you can start putting it to use. Just like you can install the software (e.g. apps) on your personal computer, you can also install software on your web hosting. For example, creating a WordPress website requires two basic foundations: web hosting (the hardware) and WordPress (the software). Once you have these two set up, you can start designing your site with tools like Elementor. However, if you’re feeling overwhelmed by the technical aspects of managing your own web hosting, you can choose an all-in-one managed WordPress host like Elementor Hosting. It provides award-winning support and takes care of security, software updates, performance, and backups, so you can focus on designing and creating your site. Different websites will have different hosting needs when it comes to the resources that are needed to power the website. A high-traffic, high-resource website will need hosting with a lot of power to handle the workload, while a low-traffic site will be fine with less power. In general, more powerful hosting will cost more money. You wouldn’t expect a cheap $300 laptop to perform as well as a $10,000 top-of-the-line computer, and it’s the same for web hosting. The Five Main Types of Web Hosting Now that you know what web hosting is, let’s go through the five main types of website hosting. All of these hosting types are fully capable of powering WordPress sites. However, some may be more suited to your WordPress site’s unique situation than others. 1. Shared Hosting With shared hosting, your account and websites will share resources with other hosting accounts on that server. Really the only reason to choose shared hosting is the price. Because accounts share resources, shared hosting is typically the cheapest way of hosting a website. Most shared hosting providers also advertise generous limits such as “unlimited websites” and “unlimited storage” (though there’s no such thing as truly “unlimited” hosting). However, from a performance perspective, sharing resources with other accounts is not an optimal configuration. How well shared hosting performs really depends on how many hosting accounts the provider tries to put on each server. 2. 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You can choose the hardware, the software, and so on. However, the vast majority of WordPress users do not need dedicated hosting. This is mainly a solution for large enterprise businesses that need a dedicated hardware environment for specific technical or regulatory reasons. For most WordPress users, you can get the performance benefits of dedicated resources by using cloud hosting, at a lower price than dedicated hosting. Dedicated hosting is something that you’ll come across, which is why it’s worth mentioning. But for a quick-loading website, Managed WordPress hosting offers better value. 4. Managed WordPress Hosting Managed WordPress hosting is a type of hosting service specifically designed for websites built with WordPress. Unlike traditional hosting, managed WordPress hosting provides a more optimized and secure environment for hosting WordPress websites. The hosting provider takes care of the technical aspects of running and maintaining the website, such as software updates, security, backups, and performance optimization. This allows website owners to focus on creating and publishing content, without having to worry about the underlying technical infrastructure. The defining feature of managed WordPress hosting is that they offer a suite of “concierge” features for WordPress users that go beyond what generic hosting offers. This includes features such as the following: Automatic backups Staging Automatic WordPress updates Built-in performance optimizations. WordPress-specific security features Expert WordPress support 5. Colocation Hosting Colocation hosting is an advanced type of hosting that’s really only used by large businesses. With colocation hosting, you physically own the hosting hardware. That is, you’ll actually purchase the hosting servers that you want to use. However, you rent space in another company’s data center to have that company power and maintain that hardware for you. Basically, you get to keep using your own infrastructure but you eliminate the need to have your own physical space for that infrastructure (along with all of the associated costs such as electricity and air conditioning). Again, this is not something a WordPress user will ever need, but it is a type of hosting that you might see, so it’s helpful to know this term. Elementor’s Managed WordPress Hosting As you can see, there’s a good deal of complexity when it comes to the different types of hosting. If you don’t want to deal with choosing between all of these options and you’d rather just focus on building and growing your website, you might prefer to use Elementor Hosting. Elementor Hosting takes the headache out of choosing hosting infrastructure by giving you a complete platform to build a website using WordPress and Elementor. Instead of messing around with technical details, all you do is sign up and start building your site using the pre-installed tools. Elementor Hosting offers an all-in-one managed WordPress hosting solution for an affordable price with no other cost surprises. With hosting plans starting from just $9.99/mo for the first year, you’ll get the following: Managed WordPress Hosting powered by Google Cloud Platform WordPress and Elementor Pro pre-installed Fast & Secure CDN by Cloudflare Free SSL certificate and DDoS protection Plenty of storage, bandwidth and monthly visit options Free custom domain connection Free Elementor Domain Automatic daily backups On-demand backup Top support for both Hosting and Elementor You get all Elementor Pro widgets, features and templates out of the box, in a hassle free hosting platform, optimized especially for Elementor builder. Remember – it’s an all-in-one solution for building websites! Conclusion If you want to make a website, you need website hosting. However, there are different types of hosting that you can choose from, so it’s important to understand your options, along with the pros and cons of each type of hosting. For example, some hosting types focus on keeping costs low at the expense of performance, while others focus on offering maximum performance and flexibility (but often at the expense of higher costs or added complexity). For those looking for a simpler user-friendly way to get started, Elementor Hosting is a great choice to get your site up and running quickly without any technical headaches. You’ll have peace of mind knowing that everything is managed for you, including robust security, automatic software updates, and regular backups. Additionally, your site will load quickly providing a great experience for your visitors. Instead of worrying about technical details and which type of hosting is best, you can focus on building websites right away using Elementor’s all-in-one platform. Do you still have any questions about the different types of hosting and which one is right for your website(s)? Let us know in the comments! Share Looking for fresh content? Get articles and insights from our weekly newsletter. Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails,and agree to our Terms & Conditions and Privacy Policy. Matan Naveh Matan started his career as a Radio Broadcaster, he worked as a content manager and Editor-in-Chief for over 15 years. Matan enjoys psychological horror movies and 80's Chinese restaurants. You might also like All the new features you got in 2023 Dean Issacharoff January 16, 2024 Elementor Hosting Performance Leaps Ahead. Benchmarking Against the Best. 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Subscribe to our newsletter Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails, and agree to our Terms & Conditions and Privacy Policy. MBA Full-Time MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Morning and Evening MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. MBA Core — Core Course Information — First-Year Full-Time MBA Term 4 — MBA Core Term Exam Timetables MBA Upper-Year Electives — General Information — Program-Specific Information — MBA Elective Offerings — MBA Elective Schedules — MBA Elective Exam Timetables Course Selection and Enrolment Emphases Auditing, Overloading, and Extra Course Requests Global and Experiential Learning Taking Courses Outside of the MBA Program Non-Rotman Student Elective Enrolment Process Executive MBAs One-Year Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Rotman-SDA Bocconi Global Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Global Executive MBA for Healthcare and the Life SciencesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Specialized Programs Graduate Diploma in Professional AccountingLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Master of Finance — Master of Finance Core Courses Master of Financial Risk ManagementLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. — Master of Financial Risk Management Core Courses Master of Management AnalyticsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. — Master of Management Analytics Core Courses Finances Financial Planning Finances, Fees, and Taxes Financial Aid Professional Student Loan Program (PSLP) International Loans and Scholarships Awards Teaching Assistant Opportunities Student Finance Frequently Asked Questions (FAQs) Policies Student ConductLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Registration and Course EnrolmentLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Course WorkLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Course Evaluations Academic Performance and RequirementsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Academic AccommodationsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. ExamsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Grading Policies & TranscriptsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Grade Reviews & Academic AppealsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. ConvocationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Official CorrespondenceLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. TechnologyLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Religious Observances and Statutory HolidaysLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Full-Time MBA Professional Code of Conduct and Recruitment PolicyLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Scent-Free EnvironmentLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Privacy and Collection of InformationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Resources Student Success Portal Academic SupportLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Rotman Administrative ServicesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. University-Wide ResourcesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Quercus InformationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Marquee Group – Professional Development WorkshopsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. FormsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. General Frequently Asked Questions (FAQs)Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Search Morning and Evening MBA Home » Programs » Morning and Evening MBA General Information For additional information about important dates and times, please consult the Rotman HUB. The Morning & Evening MBA degree is considered a full-time program spanning 32 months for working professionals. Rotman offers two Collaborative Program Specializations with different graduate departments at the University of Toronto for Morning & Evening MBA students: Collaborative Program in Asia-Pacific Studies Collaborative Program in Environmental Studies Rules and regulations for the Morning & Evening MBA program are governed by the School of Graduate Studies (SGS) at the University of Toronto. The regulations of SGS are applicable, but not limited to, all matters relating to academic standards, examinations, course enrolment, and academic integrity. The SGS Calendar is available online. The Managing Director, Professional MBA Programs is responsible for all aspects of the Morning & Evening MBA program and works closely with the Academic Director, the Vice-Dean, MBA Programs, and the Dean of the Rotman School of Management to ensure a high quality student experience for all. Normal Program Length 8 sessions (3 years)Typical registration sequence: Fall > Winter > Summer > Fall > Winter > Summer > Fall > Winter Time Limit 3 years Curriculum Curriculum information is available at Morning and Evening MBA Curriculum. Fees and Registration The information provided on this page is specific to the Morning and Evening MBA program. For general information on fees, including invoices; legal status; health insurance; making payments; tax forms; the Professional Student Loan Program; government assistance; sponsorship of tuition by a third party; additional and service charges; and restrictions and penalties on past due accounts, please see the Finances section. Registration for the MBA Program is a multi-step process involving program registration, course enrolment, and fee payment. More information about registration and enrolment can be found in the Registration and Course Enrolment section of our Policies and Guidelines. Students are registered as soon as they have paid the required minimum amount of academic, ancillary, and incidental fees as stated on the tuition fee invoice. By virtue of being registered, a student agrees to abide by all of the academic and non-academic policies, rules, and regulations of the University and their academic division as set out in the divisional calendar, and to ensure that the accuracy of personal information such as the current mailing address and telephone number is maintained. Step One: Program Registration (Core Courses Only) Students must read and agree to the terms outlined on the MBA Program Registration form and the Rotman Code of Conduct. Students who do not agree to the terms will not be considered registered and therefore will not be able to attend classes. These documents must be submitted by the start of the MBA Program. Step Two: Course Enrolment The Registar’s Office will automatically enrol students in all compulsory core MBA classes in early August. MBA students do not use the student registration system (ACORN) to register for MBA courses. Step Three: Online Invoice and Fee Payment The University of Toronto Student Accounts office will provide students with an online fees invoice via ACORN. The fees invoice will be available online as of mid-July. In order for students to be considered registered in the program, the minimum payment to register amount as stated on the fees invoice must be paid by 1 September. A monthly service charge of 1.5% compounded (19.56% per annum) will begin to accrue on any outstanding balance as of 15 October. Fee payments are accepted at most Canadian financial institutions; please retain a receipt as proof of payment. Students will find payment instructions in Finances, Fees, and Taxes. It is the students’ responsibility to ensure they make the fee payment by the deadline and to monitor their student account through ACORN. It is the students’ responsibility to ensure they make every effort to make tuition payment by the deadline. Any student who registers (pays fees) after the deadline is required to pay a late registration fee of $44.00. The tuition fees charged for each session of registration have four components: Program Fees Rotman Ancillary Fees University Compulsory Incidental Fees University Non-Compulsory Incidental Fees The following tables are estimates. Please refer to the University of Toronto’s Planning & Budget website for the most accurate and up-to-date fees schedules. The annual Program Fees for the Morning and Evening MBA Classes of 2024, 2025, and 2026 are illustrated below. Annual Program Fees for the Morning and Evening MBA Class of 2024 (Entered in 2021) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2021–22) $30,846 $43,707 Year 2 (2022–23) $30,404 $43,707 Year 3 (2023–24) $29,522 $43,707 Total Program Fee $90,772 $131,121 Annual Program Fees for the Morning and Evening MBA Class of 2025 (Entered in 2022) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2022–23) $30,846 $44,580 Year 2 (2023–24) $30,404 $44,580 Year 3 (2024–25) $30,404 $44,580 Total Program Fee $91,654 $133,740 Annual Program Fees for the Morning and Evening MBA Class of 2026 (Entered in 2023) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2023-24) $30,846 $45,470 Year 2 (2024-25) $30,846 $45,470 Year 3 (2025-26) $30,846 $45,470 Total Program Fee $92,538 $136,410 Incidental & Ancillary Fees In addition to the annual program fees noted above, students are required to submit payment for University mandatory incidental fees and Rotman ancillary fees. The University incidental fees amount to approximately $2,000 annually, which covers the terms from September–end-of-April and include campus fees and student society fees. Hart House privileges extend to end-of-August. The Rotman ancillary fees amount to approximately $325 annually, which covers the terms from September–end-of-August. Additional details, information, and finalized amounts will be updated as available and found on your fees invoice. Rotman ancillary fees are charged by the School for services specific to the program. University incidental fees are charged by the University for services that are universal to all students: student unions; campus services, such as Hart House and the Athletic Centre; and electronic access fees for the cost of internet-based information access. This fee also includes health coverage and dental plan. Students with equivalent insurance elsewhere may opt out of these plans. Please visit the Graduate Students’ Union website for details. The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International students only. Note: The annual program fee, University incidental fees, and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting each May. Questions regarding how to Register Without Payment may be directed to the Registrar’s Office. Teams Team work is a substantial part of the Morning and Evening MBA program and plays a significant role in both the academic setting for course grades as well as training for professional life. Therefore, the content and the workload within the MBA program are structured around the requirement for students to work successfully in project teams. In an effort to facilitate teamwork and allow students to benefit from the diversity of backgrounds represented in the program, the Program Services staff forms and assigns project teams of four to five students for all core courses which incorporate group work as part of the grading scheme. We take a number of factors into account when forming the project teams, including academic background, industry experience, program of study, and international background. Project teams are utilized for course projects and are also intended to provide an academic support for students for individual course work and class preparation. Approximately 70% of the core courses have some element of graded team work, ranging in value from 10–40% of the overall course grade. The amount of team work varies by area and course in the elective phase of the program, during which period students will have the opportunity to form their own teams for project work. Team Support Rotman’s Self-Development Lab will be available to support the development of a positive team culture and to monitor the progress of each project team in terms of productivity and process. Project teams or their individual members who encounter difficulties or are unable to resolve team issues are required to contact the Program Services staff as soon as possible. The Program Services staff, in consultation with the Self Development Lab will assist the student(s) to understand all angles of the situation, process and provide tools and resources to help students resolve project team concerns. The Program Service staff does not reassign project team member(s) unless extenuating circumstances occur and or the behaviour exhibited is contrary to the Rotman Code of Conduct. At which point additional sanctions may be placed on an offending student(s) that could impact their academic standing in the course and program. Issues pertaining to academic and non-academic misconduct will be dealt with in accordance with the School of Graduate Studies policy (as defined by the University’s Code of Behaviour on Academic Matters). Team Work and Academic Integrity When working as a team, each team member is responsible for the work submitted collectively by the team. This includes work that may be considered academically dishonest, or in which an academic offence has been committed (as defined by the University’s Code of Behaviour on Academic Matters). In other words, if one of your team members takes a shortcut and copies material from the internet or a past assignment, or simply isn’t aware of the rules regarding appropriate citation for sources consulted, the whole team faces consequences that may arise from an allegation of academic misconduct. It is up to each team member to be sufficiently familiar with the work being submitted; to check each other’s work for proper citations and originality; and to be aware of the relevant policies. As a general guideline, students should approach group assignments—and the checking of citations and originality—in the same manner that they normally would for an individual assignment; ultimately, ensuring the quality of the final product being submitted meets the standard of integrity. Team Behaviours and Protocols All students are expected to treat team work as they would in a business setting, ensuring professional behaviour at all times. Professional behaviour in team settings includes (but is not limited to) the following: Respecting and treating all others in a manner consistent with the Rotman Code of Conduct Ensuring all team members voice their opinions, thoughts, and concerns Taking personal responsibility to voice thoughts to benefit the team’s learning Contributing equal time and effort to the project as others in the group Committing to a standard of work agreed upon by the group Participating in team projects at a level agreed upon by the entire team General Dispute Resolution Procedures The project team should attempt to resolve cases in which a team member does not demonstrate an adequate degree of commitment to the project team and its work, or if the quality of the work is not of MBA calibre or of the level expected by the project team. The general dispute resolution procedures are given below. Project teams that do not follow the general dispute resolution procedures described here are required to give each project team member equal credit for the disputed project work. Early intervention can solve many of the minor disputes that arise among team members. During this stage a project lead is expected to ensure that the individual is aware of the team’s expectations and has the opportunity to commit to the successful completion of the project. In the event that early intervention is unsuccessful, the project lead is expected to engage the support of the Program Services staff, without delay, to provide additional support and resolution options. The Program Services staff may enlist additional support and resources of an advisor from the Self-Development Lab and/or Academic Director if the situation necessitates. If a satisfactory solution cannot be reached at the outcome of this discussion, the entire project team must meet with one of the team support designates. The team support designate will listen to every member of the team and discuss options for improving the team process and effectiveness. All members of the project team must commit to actively participate in the solution and utilize suggestions and terms agreed to in this meeting. If attempts to resolve the project team’s issues have not been successful and the recurring issue(s) persist, the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, and the Rotman Code of Conduct, as well as the various support resources on campus. Resolution decisions may include an academic penalty. Equitable Group Effort and Workload In a situation where an individual or individuals have consistently failed to meet the project team’s expectations (as outlined in the team charter and the first project meeting for the specific project in question), and the dispute resolution procedure is not successful, a project lead must consult with their project team to decide whether or not the project team is to submit the assignment/project without all project team members’ names. In the event that one or more project team members’ names are removed from the final submission, the affected student(s) is/are expected to contact both the instructor and Program Services immediately and no later than 48 hours after the submission deadline. The discussion with the affected student will be reviewed by the Program Services staff and the instructor for a final decision regarding academic penalty and/or accommodation by means of an alternative assignment. Not all courses and deliverables in the Rotman MBA program lend themselves to individual completion. A key learning outcome of the program is a demonstrated ability to positively contribute to a project team. If a student is unable to function as part of the team they may jeopardize their ability to continue in or complete the program. In extreme circumstances that involve concerns over physical or psychological safety (e.g. abusive behaviour, discrimination, harassment), the OSE will intervene much earlier in the process, drawing upon the appropriate resources of the University to do so. Elective Course Teams All members of the project team must actively work to resolve the issue through early intervention and discussion, led by a designated team leader. In the event that an internal project team resolution attempt fails, the instructor should then be approached as soon as possible for recommendations. The instructor may contact the Program Services staff or Registrar’s Office, if necessary, at any time in the process. The instructor will listen to the team and offer options for improving the group process and to help with potential solutions. If these efforts do not result in a satisfactory resolution, the instructor and the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, the Rotman Code of Conduct, and the various support resources on campus. Resolution decisions may include an academic penalty. Academic Penalties for Unprofessional Behaviour / Non-Participation Failure to participate in group projects at a level agreed upon by the entire project team, or demonstrating unprofessional conduct, will not be tolerated and may be subject to investigation and academic penalty. Unprofessional conduct includes violations of the professional behaviours listed above. Support Career Services Rotman Career Services for Working Professionals recognizes that students are, for the most part, busy juggling full-time work, school, and families. Students are probably getting your MBA to advance their careers. And while there are many ways to measure the return on investment, our goal is to equip students with a lifelong toolkit they can use to take ownership of and manage their career and professional development long after their three years with us. Career Services is committed to working closely with students to refine their career goals, market themselves efficiently, and network with people in a position to help them reach their targets. Career Services provides students with career support through a range of services, including: Individual career counselling appointments in person or via telephone, including: Self-assessment Independent job search strategy Career advancement strategies Networking techniques Résumé and cover letter review Interview preparation Job offer and negotiation advice Professional development workshops and webinars on career related topics, including: Developing a career management plan Personal branding Advanced Resumes Networking Technical interview preparation Industry-specific speaker events Attend over 80 free industry-specific speaking events per year Participate in industry-specific student club events with alumni Students looking for support or advice in any of the above areas are encouraged to request an appointment in person or through Career Services’ main email address. Professional Development Professional development is an overarching program for all MBA students which encompasses professional and personal skill development and career essentials workshops and seminars, delivered through the Registrar’s Office (RO) and Career Services. The program has several key elements, all integral to the development of knowledge, skills and a network that can positively impact both career and academic success. Students are encouraged to consider their academic, personal, and professional goals when reviewing the various options made available throughout the MBA program to allow for skill and knowledge development that will assist each individual in meeting their goals. Registration for a professional development workshop is via the Rotman HUB using the “Student Tools” tile. Once registered, students should submit payment either online or in person at the Registrar’s Office within 24 hours. Offerings may require additional registration fee and will be advertised accordingly. The registration opens two to three weeks prior to each workshop date; details are communicated via email. Note: All RO courses, workshops and activities require registration through the Rotman HUB. Career Services workshops, courses and activities require registration through the Career Services website on the HUB. A program registration amount is listed for any activities which may require a fee. Student Engagement Getting involved in one of the many student leadership opportunities or becoming a member of an organization provides students with an excellent opportunity for personal and professional development. Being active in the Rotman community also allows students to expand their network by providing them with the opportunity to meet students in other programs, faculty, and industry professionals. Recognizing the hardest part is often finding time in already busy schedules, we encourage students to take full advantage of the numerous opportunities available to them while attending the Rotman School of Management. Some of these opportunities include taking part in extracurricular activities, organizations, conferences, competitions, and events which further develop the already close-knit nature of the Rotman student community. Taking on a student leadership role allows you to partner with faculty, staff, and industry professionals to enhance the social, teaching, and learning environment at the school. A schedule of current and upcoming events is available via the HUB‘s Calendar card. Program Services events are communicated via the the Programs Resources tile on Quercus. Graduate Business Council The Graduate Business Council (GBC) is the student-elected representative organization at Rotman. The GBC acts as an umbrella for all clubs, sporting, and social activities, as well as a liaison with the faculty and school administration. Dean’s List The Rotman School recognizes the top 20 per cent of both the first-year and graduating Morning and Evening MBA classes with a Dean’s List based on cumulative GPA. To be eligible for consideration, you must obtain passing grades in all courses and be registered in good standing. Courses graded as CR/NCR, Pass/Fail, or Honours/Pass/Fail, do not count towards the GPA, nor do courses taken as EXTra. Late withdrawals (WDR) do not affect the GPA. Dean’s List notations are not included on the University of Toronto transcript. Note that the Rotman School does not publicly rank students or release information on student rankings; however, the lists themselves are formally announced annually for the purposes of convocation, the Rotman Student Awards Ceremony and internal School recognition. First Year Dean’s List The First Year Dean’s list is compiled each year upon completion of all 1000-level core courses up to and including fall of Year 2. In addition to recognizing the top 20 per cent the School also bestows the following honours: The top student completing the core courses of the Morning or Evening MBA Program earns the title Dean’s List, with Distinction. The Top 10 per cent of students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List, First Class. The remaining students in the top 20 per cent of all students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List. Graduating Year Dean’s List The Graduating Dean’s List is compiled each year in mid-June and is based on a cumulative GPA for the entirety of the program. In addition to recognizing the top 20 per cent of the class, the School bestows the following honours: The top student graduating from the Full-Time, Morning/Evening, EMBA, and GEMBA-HLS programs at the School earns the title Dean’s List and Bregman Scholar, Roger N. Wolff Prize. The top 10 per cent of the students graduating from each Program earn the title Dean’s List and Bregman Scholar. The remaining students in the top 20 per cent of students graduating from each Program earn the title Dean’s List. Only elective courses taken to meet the degree requirements are considered; courses that have been designated as EXTra are not used in the GPA calculation for the Graduating Year Dean’s List. Courses taken at other faculties within the University of Toronto will be considered as part of the GPA calculation for the Graduating Year Dean’s List. Students who participate in the International Exchange Program are eligible to be considered for the Graduating Year Dean’s List based on Rotman MBA Courses taken. Grades received at the host university, however, will not be taken into consideration. November Graduation: Students graduating in November will be reviewed and considered for the Dean’s List at the next June convocation. Program Directory The faculty and administrative staff at Rotman are dedicated to supporting the efforts of each individual student to realize his or her fullest potential. The staff in the Morning and Evening MBA Recruitment & Admissions Office, Office of Student Engagement, Registrar’s Office, Career Centre, and Career Services for Working Professionals Office are available for consultation on all matters relating to the Morning and Evening MBA program, including admissions; enrolment; registration; grade or course issues; financial assistance; international programs; career development opportunities; or special advising. Managing Director, Program Strategy and Student Experience: Séan CorbishleyAcademic Director, Morning & Evening MBA Program: Tim RowleyDirector, Office of Student Engagement: Renice JonesAssistant Directors, Community and Culture, Morning & Evening MBA Program: Analise Anderson-Ma and Ashifa RajwaniProgram Manager, Morning & Evening MBA Program: Jonathan SooManaging Director, Recruitment, Admissions, and Business Development: Mohammad SalhiaDirector, Recruitment & Admissions, Full-Time and Morning & Evening MBA Programs: Nicola WoodsAssistant Directors, Recruitment & Admissions, Morning & Evening MBA Program: Angela Forster and Farhia JabaneyRecruitment & Admissions Officer, Morning & Evening MBA Program: Karla Palma BlandinoDirector, Career Services: Lyla KorhaniAssociate Director, Career Curriculum & Consulting, All MBA Programs: Cara McCreeryCareer Coaches, Full-Time and Morning & Evening MBA Programs: Amy Richards, Beti Ivanov, Cindy Chong, Rob Woon-Fat, Robyn Behlke, and Maria ParenteGeneral Questions/Assistance/Advice: me.mba.ose@rotman.utoronto.ca Morning and Evening MBA General Information Curriculum Fees and Registration Teams Support Student Engagement Dean’s List Program Directory Print this page This page was last updated: 2024-02-29 @ 10:56 am Contact Us HoursMonday – Friday: 8:45am – 5:00pmSaturday & Sunday: Closed 105 St. George Street Room 214 Toronto, ONM5S 3E6RO@rotman.utoronto.ca Quick Links NoticesImportant DatesRegistrar’s Office DirectoryGraduate Business Council (external link)Rotman HUB (external link)Quercus (external link) © 2024 Rotman School of Management All Courses All Courses Log in Career Fast-track Data Science & Business AnalyticsAI & Machine LearningProject ManagementCyber SecurityCloud ComputingDevOpsBusiness and LeadershipQuality ManagementSoftware DevelopmentAgile and ScrumIT Service and ArchitectureDigital MarketingBig DataCareer Fast-trackEnterpriseOther Segments ArticlesEbooksOn-demand Webinars Explore our curated learning milestones for you! Click here to close suggestions! HomeResourcesCareer Fast-trackWhat Is MBA: Types, Career Benefits and Preparation Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? What Is MBA: Types, Career Benefits and Preparation By Simplilearn Share This Article: Last updated on Feb 1, 20242381 Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? With today’s world offering multiple career opportunities but also being more competitive than ever, you need to figure out how to stand out from the crowd. Whether you have just graduated or are a professional looking to scale up in your career, you can never go wrong with an MBA degree. So what is an MBA degree and what are its benefits? Is it worth it? If so, how can you prepare yourself for it? Let’s dive into each of these questions in detail. Simplify your journey to success with Simplilearn's MBA Courses - Streamline your learning, achieve tangible outcomes, and make your mark in the business realm. Become a Business and Leadership Professional Top 10 skills in demandBusiness Analysis As A Skill In 2020 14% Growth in JobsOf Business Analysis Profile By 2028 Master Of Business Administration (MBA) 18-month post-study work visa 94% of IU graduates find a job within 3 months after graduation 12 months View Program Post Graduate Diploma in Management AICTE-recognized and AACSB-accredited PGDM certificate by Jagdish Sheth School of Management Program ranked in the 51-100 band globally in the QS Masters Rankings and #4 Private MBA college in South India 24 months View Program prevNext Not sure what you’re looking for?View all Related Programs What is an MBA? MBA or Master of Business Administration is an internationally recognized degree providing you with a plethora of job opportunities in the corporate world. Having an MBA goes way beyond three letters on your resume. It helps you to build in-depth business knowledge, boost your career and salary prospects, and also grow your professional network. Most MBA programs come with a broad spectrum of business-related topics such as marketing, operations, human resource, finance, and communications. They not only help you for a fulfilling career, but they also prepare you with the tools and mindset to start your own business. The eligibility criteria to apply for an MBA degree is a bachelor’s degree. Some business schools may even select only those candidates who have a few years of professional work experience. Types of MBA There are several routes you can take to earn an MBA degree. Although all of them result in you earning an MBA degree, there are some things that you should consider before choosing which route to take. Full-Time MBA A full-time MBA is the classic two-year MBA program that you may be familiar with. It includes physical classes, semester-wise assessment, internship, and placements. This is the most preferable option if you are a fresh graduate or want to put your job on hold for a while. Part-Time MBA A part-time MBA is a program where classes are either conducted in the evenings or during the weekends. Usually, these programs won’t come with internships or placements. It is best suited for working professionals who want to learn key managerial skills after their work hours. Distance MBA A distance MBA allows you to pursue an MBA degree via remote communication and correspondence. It is comparatively less expensive than a regular MBA program and offers you the flexibility to complete it on your own time. It is best suited for people with limited time and resources. Online MBA With everything moving online these days, this is currently the most popular mode of an MBA program that you can opt for. Lectures are given through live sessions or prerecorded and saved in the Learning Management System (LMS). There are no physical classes in an online MBA and all the assessments are done online as well. This is best suited for people who want to pursue an MBA program from a college or university which is not in their city or country. Executive MBA An Executive MBA program is specially designed for professionals with more than five years of work experience. The courses are usually of shorter duration but the curriculum is similar to a full-time MBA. This is the most expensive MBA program out there that will help you gain expert-level knowledge to enhance your career growth. It is best suited for people who work full-time and want to scale up to leadership positions. Benefits of an MBA According to GMAC’s annual Corporate Recruiters Survey, employers offer new MBA hires with a median starting salary of $115,000 as compared to bachelor’s degree hires ($65,000) and direct-from-industry hires ($95,000).. Here are some more benefits of getting an MBA degree: New Career Paths - An MBA program will not only help you understand complex business issues but will always help you determine exactly what you want in your future. This can open up your mind to new career paths than you originally planned. Holistic business education - An MBA program will offer you in-depth insights into business functioning at advanced levels. Improved communication skills - From oral presentations to sending emails to working with groups, an MBA program is uniquely designed to push students to communicate better and get their ideas across in a more concise manner. Build Connections - This is especially true if you opt for an Executive MBA program as you will get to connect with people from different backgrounds and create a massively expanded network of business contacts. How to Prepare for an MBA? Before you start considering an MBA, you need to do some research on the best business schools, study for GMAT, know which MBA field to specialize in, and lots more. Whether you plan to attend an immersive two-year MBA program or take up a course online, here are some practical steps you can take to prepare for an MBA. Talk to Alumni or Current Students Reach out to current and former MBA students enrolled at the program of your choice to get their perspectives. Some business schools arrange for campus visits and provide introductions, but you can reach out to current students through online platforms like LinkedIn as well. Expand Your Reading List Most MBA coursework includes reading a number of books as part of the preparation and coursework. Moreover, this will help you expand your knowledge in business, leadership, and global markets and make you more valuable as an MBA applicant to prestigious business schools. Here is a list of some of the best project management books to help you level up your skills. Work on Your Networking Skills One of the most valuable skills that you can possess as an MBA applicant is good networking skills. Over the course of an MBA program, you will get the opportunity to meet future business leaders and hence, good networking skills will work to your advantage. Prior to enrolling in an MBA program, make a conscious effort to network in corporate and social events. Pick a Specialty Many business schools offer a number of specialized programs like marketing, international business, finance, and so on. Figuring out what you want to specialize in will help you get a jump in your career. What Next? Unlock your potential for leadership and strategic decision-making with the Executive Certificate Program In General Management, offered in collaboration between Simplilearn and IIM Indore. This comprehensive program is designed to empower executives and business professionals with the knowledge and skills needed to excel in today's dynamic business landscape. 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Close Stay focused on what matters. With Federated Insurance, you work directly with an industry expert who is committed to understanding the unique risks and opportunities associated with your business. With a dedicated agent and risk management team on your side, you will always get the right coverage for your company and can focus on what matters most. Trust. Advise. Protect. Get My Quote Submit a claim How can we help? Business insurance File a claim Get My Quote Who is Federated Insurance? We’ve been around since 1920, proudly serving Canadians with innovative and affordable insurance protection. And while a lot has changed over the years, we’ve always stayed true to our belief that knowing your business matters. We take the time to get to know what your business does inside and out to ensure we’re protecting you from any and all of the risks you may be facing. We give you the time, dedication, and attention you deserve because we’re committed to building long-term relationships with the businesses we protect. We’ve got the insurance you need. Here are just a few of the key industries Federated Insurance is dedicated to serving: Automotive Dealers Automotive Repairs Commercial Property Contractors Equipment Dealers Fuel Dealers Grocery Stores Manufacturers Professional & Health Services Wholesalers & Retailers Surety Bonding Services Restaurants Automotive Dealers Automotive Repairs Commercial Property Contractors Equipment Dealers Fuel Dealers Grocery Stores Manufacturers Professional & Health Services Wholesalers & Retailers Surety Bonding Services Restaurants Request a quote Our insurance solutions. When your business has strong insurance coverage, it has financial protection in the event of a loss. With a dedicated agent and risk management team there to help you, you’re able to focus on what matters most: running your business. Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Our insurance solutions. When your business has strong insurance coverage, it has financial protection in the event of a loss. With a dedicated agent and risk management team there to help you, you’re able to focus on what matters most: running your business. Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance, and without the proper coverage, your business may be vulnerable to an expensive claim. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Working with a Federated Insurance Agent is easy and fast. We know you’re busy, which is why we’ve made our insurance process as seamless and effortless as possible. Step 1You’ll speak to one of our industry-trained specialists. This person will become your dedicated Commercial Insurance Specialist, and be there throughout the entire process. Step 2You and your Commercial Insurance Specialist will get to know one another. They’ll ask you some questions to ensure they understand your business inside and out. Step 3Our expert team of Commercial Underwriters will review every aspect of the business you operate. Once they have all the information they need, they’ll build you a customized, comprehensive and affordable coverage program to meet all your needs. Step 4Your long-term relationship with Federated Insurance begins! After your Commercial Insurance Specialist reviews your coverage program with you and walks you through the ins and outs of your coverage, you’ll sign on the dotted line. Why do business owners buy from us? We give you a personalized experience you just can’t find with other insurance companies. With Federated Insurance, you’ll have a dedicated Commercial Insurance Specialist to guide you through the entire journey. Here are just a few benefits of going direct with Federated Insurance. Industry-trained specialists: Our Commercial Insurance Specialists take the time to understand your business now, and in the future. As your business grows and evolves, your Commercial Insurance Specialist will work with you to make sure your insurance coverage keeps up the changes. Direct access to expert underwriters: In some agencies, the sale comes first and the policy comes second. At Federated Insurance, our expert underwriters work side-by-side with our Commercial Insurance Specialists to make sure they understand the details and risks of your business before they create your coverage program. That way, you’re properly protected. A single solution and a streamlined claims process: Sometimes, depending on the complexities of your business, insurance companies will divvy up your coverage amongst a few different providers to ensure all your needs are met. If you ever suffer a claim, this can get messy due to multiple deductibles and different procedures, both of which result in longer timelines. We keep everything under one roof. Your dedicated Commercial Insurance Specialist will ensure you receive a customized program that meets all of your needs with one company. The personal touch: Big companies often mean call centres, multiple points of contact, and various forms of communication. With Federated Insurance, you have one dedicated specialist to guide you through all of your insurance needs. We’ll call, email, or drop by in person depending on what you prefer. We’ll also take care of all the paperwork so you can focus on what you do best — running your business. We’re more than just insurance coverage: We’re not just your insurance provider; we’re your trusted advisors and business partners. By choosing to partner with Federated Insurance, you gain direct access to our Risk Services team. This team of experts has decades of experience combating risks for all business types, and can provide mitigation and loss prevention strategies to help keep your business safe. Request a Quote What do our customers think of us? Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. We take your coverage a few steps further. Risk Management Assist: You work hard for your business, which is why it’s vital to do whatever you can to protect it from future losses. With Risk Management Assist, customers are granted unlimited telephone access to our team of Risk Services Specialists, who can help you mitigate risks by answering questions and providing expert guidance. Learn more Legal Assist: No matter the industry you work in, as a business owner you may encounter situations where you must contend with various laws and regulations. Federated Insurance’s Legal Assist service is here to help with expert legal advice on a variety of topics. Learn more Trauma Assist: Suffering a loss to your business is never easy. As a Federated Insurance customer, you’ll have access to confidential counselling services to help you and your employees work through the emotional effects of an insured, traumatic loss. Learn more Cyber Assist: Cyber attacks are becoming increasingly prevalent, which is why precautions against such attacks are vital. Federated Insurance offers Cyber Assist to help businesses take proactive measures against cyber breaches and provides reactive assistance in the event of a privacy breach. 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UF MBA provides you the tools to be successful in all areas of your life while earning your MBA. You don’t have to be on campus every day to get a well-rounded, rich MBA experience. Apply to UF MBA Request Information Attend an Info Session Schedule a Call Online One-Year This 16-month option is an accelerated program for those who have an undergraduate degree in business and graduated in the last seven years. This is one of the quickest ways to get your MBA at UF. Students enrolled in UF’s Outreach Engineering Management (OEM) program are also eligible for this option. Online Two-Year This 24-month option uses course materials developed by the same respected faculty that have helped UF MBA at Warrington College of Business rise to national prominence. We recommend this for students seeking maximum flexibility. Online or on campus, same MBA degree from a top ten university In 1999 the UF MBA Program was one of the first schools to offer a fully-accredited online degree. Now, UF MBA is regarded as one of the world’s best by Financial Times and U.S. News & World Report. Our Online MBA students come from all over the world and from a variety of organizations – Fortune 500 companies, government agencies, non-profits and more. To ensure quality interactions among students and professors, class size is limited to 65 students. Similar to our other formats, a minimum of two years of full-time, professional work experience is required for our online MBA. The degree earned at the completion of the program is a full Master of Business Administration, and is equivalent to any other MBA degree offered by the University of Florida MBA. 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Our students can expect an engaging classroom experience with academically qualified faculty that also boasts business experience reaching far beyond the classroom. In addition, students can expect over 30 annual career-focused events that range from employer visits to networking forums and individual career counseling with the Princeton Review's #1 ranked Career Services team. Whether it is to be better prepared for your current role, break through the glass ceiling for the next promotion or land your dream job, Clemson's MBA Program is here to help you achieve your goals. Clemson is proud to offer various flexible MBA options to suit your schedule and career goals best. With an array of full-time and part-time MBA curriculums offered through in-person, 100% online or hybrid styles, Clemson MBA has the program for you. Click the links below to learn more about our different MBA curriculums. Upcoming Admissions Events Full-time MBA Curriculums Corporate Entrepreneurship & Innovation Part-time MBA Curriculums Corporate Online Corporate Entrepreneurship & Innovation Digital Brand Communications Business Analytics Located in the heart of downtown Greenville Clemson is proud to offer our in-person MBA classes at the beautiful Greenville ONE campus in downtown Greenville. The campus is designed to be an immersive experience for students in the heart of one of the fastest-growing cities in the country. Access to Greenville's local, regional, and international business leaders allows students unique networking opportunities with employers and entrepreneurs that can't be replicated. Greenville is also home to beautiful parks, fantastic restaurants and personable city events, so it is easy to call our campus on Main Street home. imothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. Learn about our editorial policies Term vs. Whole Life Insurance: An Overview Term life insurance offers more affordable coverage than whole life, but it only lasts for a certain number of years instead of your lifetime, and it doesn't have the tax-free savings component that whole life has. Term and whole are two of the most common types of life insurance. Whole life is a form of permanent life insurance that lasts as long as you live (assuming you pay the policy’s premiums). It also includes a cash value account—a savings component that grows tax-free over time and that you can withdraw from or borrow against while you are alive. Term life insurance, on the other hand, lasts only for a set period of time (the term) and does not accrue any cash value. We’ll break down the key features that distinguish these insurance mainstays. Key Takeaways Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—as long as you keep up with the premium payments. Term life is just insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Whole life premiums can cost five to 15 times more than term policies with the same death benefit, so they're not a good fit for everyone. Sabrina Jiang / Investopedia Term Life Insurance Term life insurance is perhaps the easiest to understand because it’s straightforward insurance, without a savings or investing component. The reason why you buy a term policy is because of the promise of a death benefit for your beneficiary should you pass away while it’s in force. For many people, it’s a way to make sure that their minor children are provided for and their mortgage is paid after they die. As the name suggests, this basic form of insurance is only good for a certain period of time, whether it’s five, 20, or 30 years. After that, the policy expires. Benefits Costs are much lower than for many other types of life insurance. Term insurance is easier to understand than permanent policies. Drawbacks Only protects you for a limited number of years. Cannot be used as a wealth-building or tax-planning strategy. Benefits of Term Life Insurance, Explained Because term policies offer basic coverage with a finite duration, they tend to be the cheapest type of life insurance, often by a wide margin. If all you seek from a life insurance policy is the ability to protect your family when you die, then term insurance is likely the best fit. Since term policies are typically more affordable and can last until your child enters adulthood, term insurance could be a particularly good option for single parents who want a safety net for their child if they die. According to quotes gathered by Investopedia from more than 30 insurers, the average monthly premium for a 42-year-old man in excellent health applying for a 30-year term policy with a $250,000 death benefit is $33.24 a month. For a comparable female applicant, it’s $27.31. Note Women tend to have lower life insurance premiums on average because they typically have longer life spans than men. Drawbacks of Term Life Insurance, Explained A variety of factors will change the price, of course. For example, a larger death benefit or longer length of coverage will certainly increase the premiums. Also, most policies require a medical exam, so any health complications could raise your rates above the norm as well. Because term insurance eventually expires, you can find yourself having spent all that money for no purpose other than peace of mind. Also, you can’t use your investment in term insurance to build wealth or save on taxes as you can with other types of insurance. Whole Life Insurance Whole life is a form of permanent life insurance, which differs from term insurance in two key ways: It never expires as long as you keep making your premium payments. It provides some cash value in addition to the death benefit, which can be a source of funds for future needs. Benefits Allows you to borrow against or withdraw from the policy for other financial needs. Loans and withdrawals are generally tax-free, and loans may have beneficial terms. Lets you lock in your premiums for life. Drawbacks Costs much more than comparable term policies. If you let the policy lapse within the first few years, you could face surrender charges. Any outstanding loans will reduce your death benefit. Benefits of Whole Life Insurance, Explained Most whole life policies are “level premium,” meaning that you pay the same monthly rate for the duration of the policy. Those premiums are split in two ways. One part of your payment goes to the insurance component, while the other part helps build your cash value, which grows over time. Many providers offer a guaranteed interest rate, although some companies sell participating policies, which pay unguaranteed dividends that can increase your total return. Usually, your cash value doesn’t accrue until two to five years after coverage begins. Once it does, however, you can borrow or withdraw from your cash value amount, which grows on a tax-deferred basis. For example, you may want to do take out a loan to pay for expenses such as college tuition or repairs to your home. The advantages of policy loans over other kinds of loans are that there’s no credit check and the interest rate may be lower. You also don’t have to repay the loan, but if you don't, you will reduce your death benefit. Withdrawals are generally tax-free if you don’t take out more than you’ve paid into the policy. The ability to withdraw or borrow from a whole life insurance policy makes it a much more flexible financial tool than a term policy. Drawbacks of Whole Life Insurance, Explained Unfortunately, with whole life insurance, the death benefit and cash value aren’t completely separate features. If you take a loan from your policy, then your death benefit will go down by a corresponding amount if you don’t pay it back. For example, if you take out a $50,000 loan, then your beneficiaries will get $50,000 less, plus any interest due, if the loan is still outstanding. The main disadvantage of whole life insurance is that it’s more expensive than a term policy—by quite a bit. Permanent policies cost on average five to 15 times more than term coverage with the same death benefit. For a lot of consumers, the relatively high cost makes it hard to keep up with payments. Another potential drawback of whole life insurance is its complexity. With a term policy, for example, you can simply stop making payments if you no longer need the insurance or can no longer afford it. However, depending on your carrier, whole life policyholders may face a significant surrender charge if they decide to walk away from their policy. Usually, this charge shrinks as the years go by until it finally disappears. Special Considerations So which type of coverage is best for your family? If term coverage is all you can afford, then the answer is simple: Basic protection is better than no protection at all. The question is a little trickier for folks who can afford the substantially higher premiums that come with a whole life policy. If your goal is to save for retirement, then many fee-based (that is, non-commission-earning) financial advisors recommend turning to 401(k)s and individual retirement accounts (IRAs) first. After maxing out those contributions, a cash value policy may be a better option for some people than a fully taxable investment account. Some consumers have unique financial needs that a whole life policy can help manage more effectively. For example, parents with disabled children may want to consider whole life insurance, as it lasts your entire lifetime. As long as you keep paying the premiums, you know your kids will receive the death benefit from your policy, even when they’re adults. Whole life can also be a valuable tool in succession planning for small businesses. As part of a buy and sell agreement, business partners will sometimes take out whole life insurance for each owner, so that the remaining partners can purchase the deceased’s equity stake in the event of their passing. Regardless of insurance policy type, premiums will be lower the younger (and healthier) you are when you buy it. Is Term Life Insurance Better Than Whole Life Insurance? It depends on your needs and wants. If you only need life insurance for a relatively short period of time (such as only when you have minor children to raise), term life may be better because the premiums are more affordable. If you need permanent coverage that lasts your entire life, whole life is likely preferred. Whole life also offers several living benefits deriving from its cash value accumulation, which can be borrowed against or withdrawn during your lifetime. What's the Longest Term Life Policy? Typical term life policies come in terms of 10, 15, 20, 25, or 30 years. A small number of insurers will offer 35- and 40-year policies as well. What Happens to Term Life Insurance at the End of the Term? If the term ends on your life insurance policy, generally, the policy will just expire and you don’t need to do anything. However, your insurer may allow you to convert part or all of the term policy into a permanent policy. You’ll need to check on this possibility as early into the life of the policy as possible, because sometimes, term life conversion is only available in the early years of the policy. The Bottom Line With its cash value component, whole life insurance certainly offers more financial flexibility than term life insurance. Nevertheless, because permanent policies are more complex and expensive, a lot of consumers follow the old axiom, “Buy term and invest the rest.” Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Insurance Information Institute. “What Are the Different Types of Term Life Insurance Policies?” Social Security Administration. “Actuarial Life Table, 2020 (2023 TR).” Allstate. “What Is Cash Value Life Insurance?” Fidelity Life. “Cash Value Life Insurance.” Guardian. “Can I Withdraw Cash from My Life Insurance Policy?” Policygenius. “Whole Life Insurance Rates for February 2023.” Guardian. “What Is the Cash Surrender Value of Life Insurance?” Related Articles How to Choose Life Insurance Whole Life Insurance Definition: How It Works, With Examples Types of Life Insurance Plans and How to Decide Which One Is Right for You 5 Top Benefits of Life Insurance What Is a Convertible Term Life Insurance Policy? What Is Indexed Universal Life Insurance (IUL)? Partner Links Related Terms Whole Life Insurance Definition: How It Works, With Examples Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component. more Permanent Life Insurance: Definition, Types, and Difference from Term Life Permanent life insurance refers to coverage that never expires, unlike term life insurance, and combines a death benefit with a savings component. more Understanding Mortgage Life Insurance and Its Advantages Mortgage life insurance is designed specifically to repay mortgage debt in the event of the death of the borrower. more Life Insurance: What It Is, How It Works, and How To Buy a Policy Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies. more Level-Premium Insurance: Definition, Advantages, Example Level-Premium Insurance is a term life insurance where the premiums remain the same throughout the duration of the contract. more Adjustable Life Insurance: Definition, Pros & Cons, vs. Universal Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit. more About Us Terms of Service Dictionary Editorial Policy Advertise News Privacy Policy Contact Us Careers Your Privacy Choices If you are looking for a hosting provider, you'll quickly discover there are different types of hosting with different prices, features, and technical specifications. In this article, we will discuss the most popular types of hosting and help you to decide which is suitable for your website. If you’re looking to make a WordPress website, you’re going to need website hosting. Once you start researching your options, you’ll quickly discover that there are different types of hosting, each with different prices, performance, features, and technical complexities. If you want to make the right decision for your website, it’s important to know what each hosting type is, along with its associated pros and cons. That’s what this post is for. We’ll start with a general explanation of what website hosting is. Then, we’ll break down the most popular types of hosting and help you understand which one is right for your website. Read more about the hidden costs of website hosting Table of Contents What Is Website Hosting? The Five Main Types of Web Hosting Elementor Managed WordPress Hosting Conclusion What Is Website Hosting? Website hosting is the hardware that powers your website and makes it available to visitors around the world. In other words, it’s where you store your website’s files and content and it’s also what serves those files to visitors when they access your site (by typing in your site’s domain name). Every single website has some type of web hosting behind it, whether it’s a big website like YouTube or your friend’s knitting blog. When you purchase web hosting, you’re essentially renting space on a computer. This could be part of a computer that you share with other people, an entire computer, or even space on a network of computers (AKA “the cloud”). Once you have your website hosting, you can start putting it to use. Just like you can install the software (e.g. apps) on your personal computer, you can also install software on your web hosting. For example, creating a WordPress website requires two basic foundations: web hosting (the hardware) and WordPress (the software). Once you have these two set up, you can start designing your site with tools like Elementor. However, if you’re feeling overwhelmed by the technical aspects of managing your own web hosting, you can choose an all-in-one managed WordPress host like Elementor Hosting. It provides award-winning support and takes care of security, software updates, performance, and backups, so you can focus on designing and creating your site. Different websites will have different hosting needs when it comes to the resources that are needed to power the website. A high-traffic, high-resource website will need hosting with a lot of power to handle the workload, while a low-traffic site will be fine with less power. In general, more powerful hosting will cost more money. You wouldn’t expect a cheap $300 laptop to perform as well as a $10,000 top-of-the-line computer, and it’s the same for web hosting. The Five Main Types of Web Hosting Now that you know what web hosting is, let’s go through the five main types of website hosting. All of these hosting types are fully capable of powering WordPress sites. However, some may be more suited to your WordPress site’s unique situation than others. 1. Shared Hosting With shared hosting, your account and websites will share resources with other hosting accounts on that server. Really the only reason to choose shared hosting is the price. Because accounts share resources, shared hosting is typically the cheapest way of hosting a website. Most shared hosting providers also advertise generous limits such as “unlimited websites” and “unlimited storage” (though there’s no such thing as truly “unlimited” hosting). However, from a performance perspective, sharing resources with other accounts is not an optimal configuration. How well shared hosting performs really depends on how many hosting accounts the provider tries to put on each server. 2. VPS hosting A Virtual Private Server (VPS) web hosting plan combines dedicated and shared web hosting features. The website content is hosted within virtually-partitioned sections on the web server to mimic a dedicated server while still sharing the server among multiple users. VPS hosting provides businesses and website owners the ability to customize their storage resources on the web server without necessarily needing a dedicated server. Advantages Provides features of dedicated hosting but at a lower cost Higher uptimes and speeds than shared web hosting Disadvantages Cannot handle high traffic due to resource sharing Only a few aspects of the server can be controlled 3. Dedicated Hosting With dedicated hosting, you have an entire physical server just for your site(s). You get everything and you don’t need to share it with anyone else. The main advantage of dedicated hosting is that you have full control over the physical environment. You can choose the hardware, the software, and so on. However, the vast majority of WordPress users do not need dedicated hosting. This is mainly a solution for large enterprise businesses that need a dedicated hardware environment for specific technical or regulatory reasons. For most WordPress users, you can get the performance benefits of dedicated resources by using cloud hosting, at a lower price than dedicated hosting. Dedicated hosting is something that you’ll come across, which is why it’s worth mentioning. But for a quick-loading website, Managed WordPress hosting offers better value. 4. Managed WordPress Hosting Managed WordPress hosting is a type of hosting service specifically designed for websites built with WordPress. Unlike traditional hosting, managed WordPress hosting provides a more optimized and secure environment for hosting WordPress websites. The hosting provider takes care of the technical aspects of running and maintaining the website, such as software updates, security, backups, and performance optimization. This allows website owners to focus on creating and publishing content, without having to worry about the underlying technical infrastructure. The defining feature of managed WordPress hosting is that they offer a suite of “concierge” features for WordPress users that go beyond what generic hosting offers. This includes features such as the following: Automatic backups Staging Automatic WordPress updates Built-in performance optimizations. WordPress-specific security features Expert WordPress support 5. Colocation Hosting Colocation hosting is an advanced type of hosting that’s really only used by large businesses. With colocation hosting, you physically own the hosting hardware. That is, you’ll actually purchase the hosting servers that you want to use. However, you rent space in another company’s data center to have that company power and maintain that hardware for you. Basically, you get to keep using your own infrastructure but you eliminate the need to have your own physical space for that infrastructure (along with all of the associated costs such as electricity and air conditioning). Again, this is not something a WordPress user will ever need, but it is a type of hosting that you might see, so it’s helpful to know this term. Elementor’s Managed WordPress Hosting As you can see, there’s a good deal of complexity when it comes to the different types of hosting. If you don’t want to deal with choosing between all of these options and you’d rather just focus on building and growing your website, you might prefer to use Elementor Hosting. Elementor Hosting takes the headache out of choosing hosting infrastructure by giving you a complete platform to build a website using WordPress and Elementor. Instead of messing around with technical details, all you do is sign up and start building your site using the pre-installed tools. Elementor Hosting offers an all-in-one managed WordPress hosting solution for an affordable price with no other cost surprises. With hosting plans starting from just $9.99/mo for the first year, you’ll get the following: Managed WordPress Hosting powered by Google Cloud Platform WordPress and Elementor Pro pre-installed Fast & Secure CDN by Cloudflare Free SSL certificate and DDoS protection Plenty of storage, bandwidth and monthly visit options Free custom domain connection Free Elementor Domain Automatic daily backups On-demand backup Top support for both Hosting and Elementor You get all Elementor Pro widgets, features and templates out of the box, in a hassle free hosting platform, optimized especially for Elementor builder. Remember – it’s an all-in-one solution for building websites! Conclusion If you want to make a website, you need website hosting. However, there are different types of hosting that you can choose from, so it’s important to understand your options, along with the pros and cons of each type of hosting. For example, some hosting types focus on keeping costs low at the expense of performance, while others focus on offering maximum performance and flexibility (but often at the expense of higher costs or added complexity). For those looking for a simpler user-friendly way to get started, Elementor Hosting is a great choice to get your site up and running quickly without any technical headaches. You’ll have peace of mind knowing that everything is managed for you, including robust security, automatic software updates, and regular backups. Additionally, your site will load quickly providing a great experience for your visitors. Instead of worrying about technical details and which type of hosting is best, you can focus on building websites right away using Elementor’s all-in-one platform. Do you still have any questions about the different types of hosting and which one is right for your website(s)? Let us know in the comments! Share Looking for fresh content? Get articles and insights from our weekly newsletter. Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails,and agree to our Terms & Conditions and Privacy Policy. Matan Naveh Matan started his career as a Radio Broadcaster, he worked as a content manager and Editor-in-Chief for over 15 years. Matan enjoys psychological horror movies and 80's Chinese restaurants. You might also like All the new features you got in 2023 Dean Issacharoff January 16, 2024 Elementor Hosting Performance Leaps Ahead. Benchmarking Against the Best. 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Subscribe to our newsletter Email Subscribe By entering your email, you agree to receive Elementor emails, including marketing emails, and agree to our Terms & Conditions and Privacy Policy. MBA Full-Time MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Morning and Evening MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. MBA Core — Core Course Information — First-Year Full-Time MBA Term 4 — MBA Core Term Exam Timetables MBA Upper-Year Electives — General Information — Program-Specific Information — MBA Elective Offerings — MBA Elective Schedules — MBA Elective Exam Timetables Course Selection and Enrolment Emphases Auditing, Overloading, and Extra Course Requests Global and Experiential Learning Taking Courses Outside of the MBA Program Non-Rotman Student Elective Enrolment Process Executive MBAs One-Year Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Rotman-SDA Bocconi Global Executive MBALorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Global Executive MBA for Healthcare and the Life SciencesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Specialized Programs Graduate Diploma in Professional AccountingLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Master of Finance — Master of Finance Core Courses Master of Financial Risk ManagementLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. — Master of Financial Risk Management Core Courses Master of Management AnalyticsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. — Master of Management Analytics Core Courses Finances Financial Planning Finances, Fees, and Taxes Financial Aid Professional Student Loan Program (PSLP) International Loans and Scholarships Awards Teaching Assistant Opportunities Student Finance Frequently Asked Questions (FAQs) Policies Student ConductLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Registration and Course EnrolmentLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Course WorkLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Course Evaluations Academic Performance and RequirementsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Academic AccommodationsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. ExamsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Grading Policies & TranscriptsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Grade Reviews & Academic AppealsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. ConvocationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Official CorrespondenceLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. TechnologyLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Religious Observances and Statutory HolidaysLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Full-Time MBA Professional Code of Conduct and Recruitment PolicyLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Scent-Free EnvironmentLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Privacy and Collection of InformationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Resources Student Success Portal Academic SupportLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Rotman Administrative ServicesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. University-Wide ResourcesLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Quercus InformationLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Marquee Group – Professional Development WorkshopsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. FormsLorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. General Frequently Asked Questions (FAQs)Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Search Morning and Evening MBA Home » Programs » Morning and Evening MBA General Information For additional information about important dates and times, please consult the Rotman HUB. The Morning & Evening MBA degree is considered a full-time program spanning 32 months for working professionals. Rotman offers two Collaborative Program Specializations with different graduate departments at the University of Toronto for Morning & Evening MBA students: Collaborative Program in Asia-Pacific Studies Collaborative Program in Environmental Studies Rules and regulations for the Morning & Evening MBA program are governed by the School of Graduate Studies (SGS) at the University of Toronto. The regulations of SGS are applicable, but not limited to, all matters relating to academic standards, examinations, course enrolment, and academic integrity. The SGS Calendar is available online. The Managing Director, Professional MBA Programs is responsible for all aspects of the Morning & Evening MBA program and works closely with the Academic Director, the Vice-Dean, MBA Programs, and the Dean of the Rotman School of Management to ensure a high quality student experience for all. Normal Program Length 8 sessions (3 years)Typical registration sequence: Fall > Winter > Summer > Fall > Winter > Summer > Fall > Winter Time Limit 3 years Curriculum Curriculum information is available at Morning and Evening MBA Curriculum. Fees and Registration The information provided on this page is specific to the Morning and Evening MBA program. For general information on fees, including invoices; legal status; health insurance; making payments; tax forms; the Professional Student Loan Program; government assistance; sponsorship of tuition by a third party; additional and service charges; and restrictions and penalties on past due accounts, please see the Finances section. Registration for the MBA Program is a multi-step process involving program registration, course enrolment, and fee payment. More information about registration and enrolment can be found in the Registration and Course Enrolment section of our Policies and Guidelines. Students are registered as soon as they have paid the required minimum amount of academic, ancillary, and incidental fees as stated on the tuition fee invoice. By virtue of being registered, a student agrees to abide by all of the academic and non-academic policies, rules, and regulations of the University and their academic division as set out in the divisional calendar, and to ensure that the accuracy of personal information such as the current mailing address and telephone number is maintained. Step One: Program Registration (Core Courses Only) Students must read and agree to the terms outlined on the MBA Program Registration form and the Rotman Code of Conduct. Students who do not agree to the terms will not be considered registered and therefore will not be able to attend classes. These documents must be submitted by the start of the MBA Program. Step Two: Course Enrolment The Registar’s Office will automatically enrol students in all compulsory core MBA classes in early August. MBA students do not use the student registration system (ACORN) to register for MBA courses. Step Three: Online Invoice and Fee Payment The University of Toronto Student Accounts office will provide students with an online fees invoice via ACORN. The fees invoice will be available online as of mid-July. In order for students to be considered registered in the program, the minimum payment to register amount as stated on the fees invoice must be paid by 1 September. A monthly service charge of 1.5% compounded (19.56% per annum) will begin to accrue on any outstanding balance as of 15 October. Fee payments are accepted at most Canadian financial institutions; please retain a receipt as proof of payment. Students will find payment instructions in Finances, Fees, and Taxes. It is the students’ responsibility to ensure they make the fee payment by the deadline and to monitor their student account through ACORN. It is the students’ responsibility to ensure they make every effort to make tuition payment by the deadline. Any student who registers (pays fees) after the deadline is required to pay a late registration fee of $44.00. The tuition fees charged for each session of registration have four components: Program Fees Rotman Ancillary Fees University Compulsory Incidental Fees University Non-Compulsory Incidental Fees The following tables are estimates. Please refer to the University of Toronto’s Planning & Budget website for the most accurate and up-to-date fees schedules. The annual Program Fees for the Morning and Evening MBA Classes of 2024, 2025, and 2026 are illustrated below. Annual Program Fees for the Morning and Evening MBA Class of 2024 (Entered in 2021) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2021–22) $30,846 $43,707 Year 2 (2022–23) $30,404 $43,707 Year 3 (2023–24) $29,522 $43,707 Total Program Fee $90,772 $131,121 Annual Program Fees for the Morning and Evening MBA Class of 2025 (Entered in 2022) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2022–23) $30,846 $44,580 Year 2 (2023–24) $30,404 $44,580 Year 3 (2024–25) $30,404 $44,580 Total Program Fee $91,654 $133,740 Annual Program Fees for the Morning and Evening MBA Class of 2026 (Entered in 2023) Academic Year Canadian Citizens and Permanent Residents International Students on Student Authorization Year 1 (2023-24) $30,846 $45,470 Year 2 (2024-25) $30,846 $45,470 Year 3 (2025-26) $30,846 $45,470 Total Program Fee $92,538 $136,410 Incidental & Ancillary Fees In addition to the annual program fees noted above, students are required to submit payment for University mandatory incidental fees and Rotman ancillary fees. The University incidental fees amount to approximately $2,000 annually, which covers the terms from September–end-of-April and include campus fees and student society fees. Hart House privileges extend to end-of-August. The Rotman ancillary fees amount to approximately $325 annually, which covers the terms from September–end-of-August. Additional details, information, and finalized amounts will be updated as available and found on your fees invoice. Rotman ancillary fees are charged by the School for services specific to the program. University incidental fees are charged by the University for services that are universal to all students: student unions; campus services, such as Hart House and the Athletic Centre; and electronic access fees for the cost of internet-based information access. This fee also includes health coverage and dental plan. Students with equivalent insurance elsewhere may opt out of these plans. Please visit the Graduate Students’ Union website for details. The University Health Insurance Plan (UHIP) fee will automatically be added to fees invoices for International students only. Note: The annual program fee, University incidental fees, and Rotman ancillary fees are set by the University and are subject to change. The University incidental fees amount noted above for future academic years are subject to approval by the Governing Council’s annual meeting each May. Questions regarding how to Register Without Payment may be directed to the Registrar’s Office. Teams Team work is a substantial part of the Morning and Evening MBA program and plays a significant role in both the academic setting for course grades as well as training for professional life. Therefore, the content and the workload within the MBA program are structured around the requirement for students to work successfully in project teams. In an effort to facilitate teamwork and allow students to benefit from the diversity of backgrounds represented in the program, the Program Services staff forms and assigns project teams of four to five students for all core courses which incorporate group work as part of the grading scheme. We take a number of factors into account when forming the project teams, including academic background, industry experience, program of study, and international background. Project teams are utilized for course projects and are also intended to provide an academic support for students for individual course work and class preparation. Approximately 70% of the core courses have some element of graded team work, ranging in value from 10–40% of the overall course grade. The amount of team work varies by area and course in the elective phase of the program, during which period students will have the opportunity to form their own teams for project work. Team Support Rotman’s Self-Development Lab will be available to support the development of a positive team culture and to monitor the progress of each project team in terms of productivity and process. Project teams or their individual members who encounter difficulties or are unable to resolve team issues are required to contact the Program Services staff as soon as possible. The Program Services staff, in consultation with the Self Development Lab will assist the student(s) to understand all angles of the situation, process and provide tools and resources to help students resolve project team concerns. The Program Service staff does not reassign project team member(s) unless extenuating circumstances occur and or the behaviour exhibited is contrary to the Rotman Code of Conduct. At which point additional sanctions may be placed on an offending student(s) that could impact their academic standing in the course and program. Issues pertaining to academic and non-academic misconduct will be dealt with in accordance with the School of Graduate Studies policy (as defined by the University’s Code of Behaviour on Academic Matters). Team Work and Academic Integrity When working as a team, each team member is responsible for the work submitted collectively by the team. This includes work that may be considered academically dishonest, or in which an academic offence has been committed (as defined by the University’s Code of Behaviour on Academic Matters). In other words, if one of your team members takes a shortcut and copies material from the internet or a past assignment, or simply isn’t aware of the rules regarding appropriate citation for sources consulted, the whole team faces consequences that may arise from an allegation of academic misconduct. It is up to each team member to be sufficiently familiar with the work being submitted; to check each other’s work for proper citations and originality; and to be aware of the relevant policies. As a general guideline, students should approach group assignments—and the checking of citations and originality—in the same manner that they normally would for an individual assignment; ultimately, ensuring the quality of the final product being submitted meets the standard of integrity. Team Behaviours and Protocols All students are expected to treat team work as they would in a business setting, ensuring professional behaviour at all times. Professional behaviour in team settings includes (but is not limited to) the following: Respecting and treating all others in a manner consistent with the Rotman Code of Conduct Ensuring all team members voice their opinions, thoughts, and concerns Taking personal responsibility to voice thoughts to benefit the team’s learning Contributing equal time and effort to the project as others in the group Committing to a standard of work agreed upon by the group Participating in team projects at a level agreed upon by the entire team General Dispute Resolution Procedures The project team should attempt to resolve cases in which a team member does not demonstrate an adequate degree of commitment to the project team and its work, or if the quality of the work is not of MBA calibre or of the level expected by the project team. The general dispute resolution procedures are given below. Project teams that do not follow the general dispute resolution procedures described here are required to give each project team member equal credit for the disputed project work. Early intervention can solve many of the minor disputes that arise among team members. During this stage a project lead is expected to ensure that the individual is aware of the team’s expectations and has the opportunity to commit to the successful completion of the project. In the event that early intervention is unsuccessful, the project lead is expected to engage the support of the Program Services staff, without delay, to provide additional support and resolution options. The Program Services staff may enlist additional support and resources of an advisor from the Self-Development Lab and/or Academic Director if the situation necessitates. If a satisfactory solution cannot be reached at the outcome of this discussion, the entire project team must meet with one of the team support designates. The team support designate will listen to every member of the team and discuss options for improving the team process and effectiveness. All members of the project team must commit to actively participate in the solution and utilize suggestions and terms agreed to in this meeting. If attempts to resolve the project team’s issues have not been successful and the recurring issue(s) persist, the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, and the Rotman Code of Conduct, as well as the various support resources on campus. Resolution decisions may include an academic penalty. Equitable Group Effort and Workload In a situation where an individual or individuals have consistently failed to meet the project team’s expectations (as outlined in the team charter and the first project meeting for the specific project in question), and the dispute resolution procedure is not successful, a project lead must consult with their project team to decide whether or not the project team is to submit the assignment/project without all project team members’ names. In the event that one or more project team members’ names are removed from the final submission, the affected student(s) is/are expected to contact both the instructor and Program Services immediately and no later than 48 hours after the submission deadline. The discussion with the affected student will be reviewed by the Program Services staff and the instructor for a final decision regarding academic penalty and/or accommodation by means of an alternative assignment. Not all courses and deliverables in the Rotman MBA program lend themselves to individual completion. A key learning outcome of the program is a demonstrated ability to positively contribute to a project team. If a student is unable to function as part of the team they may jeopardize their ability to continue in or complete the program. In extreme circumstances that involve concerns over physical or psychological safety (e.g. abusive behaviour, discrimination, harassment), the OSE will intervene much earlier in the process, drawing upon the appropriate resources of the University to do so. Elective Course Teams All members of the project team must actively work to resolve the issue through early intervention and discussion, led by a designated team leader. In the event that an internal project team resolution attempt fails, the instructor should then be approached as soon as possible for recommendations. The instructor may contact the Program Services staff or Registrar’s Office, if necessary, at any time in the process. The instructor will listen to the team and offer options for improving the group process and to help with potential solutions. If these efforts do not result in a satisfactory resolution, the instructor and the Program Services staff will consider alternative methods of team resolution, with due consideration for the University of Toronto’s Code of Behaviour on Academic Matters, Code of Student Behaviour, the Rotman Code of Conduct, and the various support resources on campus. Resolution decisions may include an academic penalty. Academic Penalties for Unprofessional Behaviour / Non-Participation Failure to participate in group projects at a level agreed upon by the entire project team, or demonstrating unprofessional conduct, will not be tolerated and may be subject to investigation and academic penalty. Unprofessional conduct includes violations of the professional behaviours listed above. Support Career Services Rotman Career Services for Working Professionals recognizes that students are, for the most part, busy juggling full-time work, school, and families. Students are probably getting your MBA to advance their careers. And while there are many ways to measure the return on investment, our goal is to equip students with a lifelong toolkit they can use to take ownership of and manage their career and professional development long after their three years with us. Career Services is committed to working closely with students to refine their career goals, market themselves efficiently, and network with people in a position to help them reach their targets. Career Services provides students with career support through a range of services, including: Individual career counselling appointments in person or via telephone, including: Self-assessment Independent job search strategy Career advancement strategies Networking techniques Résumé and cover letter review Interview preparation Job offer and negotiation advice Professional development workshops and webinars on career related topics, including: Developing a career management plan Personal branding Advanced Resumes Networking Technical interview preparation Industry-specific speaker events Attend over 80 free industry-specific speaking events per year Participate in industry-specific student club events with alumni Students looking for support or advice in any of the above areas are encouraged to request an appointment in person or through Career Services’ main email address. Professional Development Professional development is an overarching program for all MBA students which encompasses professional and personal skill development and career essentials workshops and seminars, delivered through the Registrar’s Office (RO) and Career Services. The program has several key elements, all integral to the development of knowledge, skills and a network that can positively impact both career and academic success. Students are encouraged to consider their academic, personal, and professional goals when reviewing the various options made available throughout the MBA program to allow for skill and knowledge development that will assist each individual in meeting their goals. Registration for a professional development workshop is via the Rotman HUB using the “Student Tools” tile. Once registered, students should submit payment either online or in person at the Registrar’s Office within 24 hours. Offerings may require additional registration fee and will be advertised accordingly. The registration opens two to three weeks prior to each workshop date; details are communicated via email. Note: All RO courses, workshops and activities require registration through the Rotman HUB. Career Services workshops, courses and activities require registration through the Career Services website on the HUB. A program registration amount is listed for any activities which may require a fee. Student Engagement Getting involved in one of the many student leadership opportunities or becoming a member of an organization provides students with an excellent opportunity for personal and professional development. Being active in the Rotman community also allows students to expand their network by providing them with the opportunity to meet students in other programs, faculty, and industry professionals. Recognizing the hardest part is often finding time in already busy schedules, we encourage students to take full advantage of the numerous opportunities available to them while attending the Rotman School of Management. Some of these opportunities include taking part in extracurricular activities, organizations, conferences, competitions, and events which further develop the already close-knit nature of the Rotman student community. Taking on a student leadership role allows you to partner with faculty, staff, and industry professionals to enhance the social, teaching, and learning environment at the school. A schedule of current and upcoming events is available via the HUB‘s Calendar card. Program Services events are communicated via the the Programs Resources tile on Quercus. Graduate Business Council The Graduate Business Council (GBC) is the student-elected representative organization at Rotman. The GBC acts as an umbrella for all clubs, sporting, and social activities, as well as a liaison with the faculty and school administration. Dean’s List The Rotman School recognizes the top 20 per cent of both the first-year and graduating Morning and Evening MBA classes with a Dean’s List based on cumulative GPA. To be eligible for consideration, you must obtain passing grades in all courses and be registered in good standing. Courses graded as CR/NCR, Pass/Fail, or Honours/Pass/Fail, do not count towards the GPA, nor do courses taken as EXTra. Late withdrawals (WDR) do not affect the GPA. Dean’s List notations are not included on the University of Toronto transcript. Note that the Rotman School does not publicly rank students or release information on student rankings; however, the lists themselves are formally announced annually for the purposes of convocation, the Rotman Student Awards Ceremony and internal School recognition. First Year Dean’s List The First Year Dean’s list is compiled each year upon completion of all 1000-level core courses up to and including fall of Year 2. In addition to recognizing the top 20 per cent the School also bestows the following honours: The top student completing the core courses of the Morning or Evening MBA Program earns the title Dean’s List, with Distinction. The Top 10 per cent of students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List, First Class. The remaining students in the top 20 per cent of all students completing the core courses of the Morning or Evening MBA Program earn the title Dean’s List. Graduating Year Dean’s List The Graduating Dean’s List is compiled each year in mid-June and is based on a cumulative GPA for the entirety of the program. In addition to recognizing the top 20 per cent of the class, the School bestows the following honours: The top student graduating from the Full-Time, Morning/Evening, EMBA, and GEMBA-HLS programs at the School earns the title Dean’s List and Bregman Scholar, Roger N. Wolff Prize. The top 10 per cent of the students graduating from each Program earn the title Dean’s List and Bregman Scholar. The remaining students in the top 20 per cent of students graduating from each Program earn the title Dean’s List. Only elective courses taken to meet the degree requirements are considered; courses that have been designated as EXTra are not used in the GPA calculation for the Graduating Year Dean’s List. Courses taken at other faculties within the University of Toronto will be considered as part of the GPA calculation for the Graduating Year Dean’s List. Students who participate in the International Exchange Program are eligible to be considered for the Graduating Year Dean’s List based on Rotman MBA Courses taken. Grades received at the host university, however, will not be taken into consideration. November Graduation: Students graduating in November will be reviewed and considered for the Dean’s List at the next June convocation. Program Directory The faculty and administrative staff at Rotman are dedicated to supporting the efforts of each individual student to realize his or her fullest potential. The staff in the Morning and Evening MBA Recruitment & Admissions Office, Office of Student Engagement, Registrar’s Office, Career Centre, and Career Services for Working Professionals Office are available for consultation on all matters relating to the Morning and Evening MBA program, including admissions; enrolment; registration; grade or course issues; financial assistance; international programs; career development opportunities; or special advising. Managing Director, Program Strategy and Student Experience: Séan CorbishleyAcademic Director, Morning & Evening MBA Program: Tim RowleyDirector, Office of Student Engagement: Renice JonesAssistant Directors, Community and Culture, Morning & Evening MBA Program: Analise Anderson-Ma and Ashifa RajwaniProgram Manager, Morning & Evening MBA Program: Jonathan SooManaging Director, Recruitment, Admissions, and Business Development: Mohammad SalhiaDirector, Recruitment & Admissions, Full-Time and Morning & Evening MBA Programs: Nicola WoodsAssistant Directors, Recruitment & Admissions, Morning & Evening MBA Program: Angela Forster and Farhia JabaneyRecruitment & Admissions Officer, Morning & Evening MBA Program: Karla Palma BlandinoDirector, Career Services: Lyla KorhaniAssociate Director, Career Curriculum & Consulting, All MBA Programs: Cara McCreeryCareer Coaches, Full-Time and Morning & Evening MBA Programs: Amy Richards, Beti Ivanov, Cindy Chong, Rob Woon-Fat, Robyn Behlke, and Maria ParenteGeneral Questions/Assistance/Advice: me.mba.ose@rotman.utoronto.ca Morning and Evening MBA General Information Curriculum Fees and Registration Teams Support Student Engagement Dean’s List Program Directory Print this page This page was last updated: 2024-02-29 @ 10:56 am Contact Us HoursMonday – Friday: 8:45am – 5:00pmSaturday & Sunday: Closed 105 St. George Street Room 214 Toronto, ONM5S 3E6RO@rotman.utoronto.ca Quick Links NoticesImportant DatesRegistrar’s Office DirectoryGraduate Business Council (external link)Rotman HUB (external link)Quercus (external link) © 2024 Rotman School of Management All Courses All Courses Log in Career Fast-track Data Science & Business AnalyticsAI & Machine LearningProject ManagementCyber SecurityCloud ComputingDevOpsBusiness and LeadershipQuality ManagementSoftware DevelopmentAgile and ScrumIT Service and ArchitectureDigital MarketingBig DataCareer Fast-trackEnterpriseOther Segments ArticlesEbooksOn-demand Webinars Explore our curated learning milestones for you! Click here to close suggestions! HomeResourcesCareer Fast-trackWhat Is MBA: Types, Career Benefits and Preparation Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? What Is MBA: Types, Career Benefits and Preparation By Simplilearn Share This Article: Last updated on Feb 1, 20242381 Table of Contents What is an MBA?Types of MBA Benefits of an MBAHow to Prepare for an MBA?What Next? With today’s world offering multiple career opportunities but also being more competitive than ever, you need to figure out how to stand out from the crowd. Whether you have just graduated or are a professional looking to scale up in your career, you can never go wrong with an MBA degree. So what is an MBA degree and what are its benefits? Is it worth it? If so, how can you prepare yourself for it? Let’s dive into each of these questions in detail. Simplify your journey to success with Simplilearn's MBA Courses - Streamline your learning, achieve tangible outcomes, and make your mark in the business realm. Become a Business and Leadership Professional Top 10 skills in demandBusiness Analysis As A Skill In 2020 14% Growth in JobsOf Business Analysis Profile By 2028 Master Of Business Administration (MBA) 18-month post-study work visa 94% of IU graduates find a job within 3 months after graduation 12 months View Program Post Graduate Diploma in Management AICTE-recognized and AACSB-accredited PGDM certificate by Jagdish Sheth School of Management Program ranked in the 51-100 band globally in the QS Masters Rankings and #4 Private MBA college in South India 24 months View Program prevNext Not sure what you’re looking for?View all Related Programs What is an MBA? MBA or Master of Business Administration is an internationally recognized degree providing you with a plethora of job opportunities in the corporate world. Having an MBA goes way beyond three letters on your resume. It helps you to build in-depth business knowledge, boost your career and salary prospects, and also grow your professional network. Most MBA programs come with a broad spectrum of business-related topics such as marketing, operations, human resource, finance, and communications. They not only help you for a fulfilling career, but they also prepare you with the tools and mindset to start your own business. The eligibility criteria to apply for an MBA degree is a bachelor’s degree. Some business schools may even select only those candidates who have a few years of professional work experience. Types of MBA There are several routes you can take to earn an MBA degree. Although all of them result in you earning an MBA degree, there are some things that you should consider before choosing which route to take. Full-Time MBA A full-time MBA is the classic two-year MBA program that you may be familiar with. It includes physical classes, semester-wise assessment, internship, and placements. This is the most preferable option if you are a fresh graduate or want to put your job on hold for a while. Part-Time MBA A part-time MBA is a program where classes are either conducted in the evenings or during the weekends. Usually, these programs won’t come with internships or placements. It is best suited for working professionals who want to learn key managerial skills after their work hours. Distance MBA A distance MBA allows you to pursue an MBA degree via remote communication and correspondence. It is comparatively less expensive than a regular MBA program and offers you the flexibility to complete it on your own time. It is best suited for people with limited time and resources. Online MBA With everything moving online these days, this is currently the most popular mode of an MBA program that you can opt for. Lectures are given through live sessions or prerecorded and saved in the Learning Management System (LMS). There are no physical classes in an online MBA and all the assessments are done online as well. This is best suited for people who want to pursue an MBA program from a college or university which is not in their city or country. Executive MBA An Executive MBA program is specially designed for professionals with more than five years of work experience. The courses are usually of shorter duration but the curriculum is similar to a full-time MBA. This is the most expensive MBA program out there that will help you gain expert-level knowledge to enhance your career growth. It is best suited for people who work full-time and want to scale up to leadership positions. Benefits of an MBA According to GMAC’s annual Corporate Recruiters Survey, employers offer new MBA hires with a median starting salary of $115,000 as compared to bachelor’s degree hires ($65,000) and direct-from-industry hires ($95,000).. Here are some more benefits of getting an MBA degree: New Career Paths - An MBA program will not only help you understand complex business issues but will always help you determine exactly what you want in your future. This can open up your mind to new career paths than you originally planned. Holistic business education - An MBA program will offer you in-depth insights into business functioning at advanced levels. Improved communication skills - From oral presentations to sending emails to working with groups, an MBA program is uniquely designed to push students to communicate better and get their ideas across in a more concise manner. Build Connections - This is especially true if you opt for an Executive MBA program as you will get to connect with people from different backgrounds and create a massively expanded network of business contacts. How to Prepare for an MBA? Before you start considering an MBA, you need to do some research on the best business schools, study for GMAT, know which MBA field to specialize in, and lots more. Whether you plan to attend an immersive two-year MBA program or take up a course online, here are some practical steps you can take to prepare for an MBA. Talk to Alumni or Current Students Reach out to current and former MBA students enrolled at the program of your choice to get their perspectives. Some business schools arrange for campus visits and provide introductions, but you can reach out to current students through online platforms like LinkedIn as well. Expand Your Reading List Most MBA coursework includes reading a number of books as part of the preparation and coursework. Moreover, this will help you expand your knowledge in business, leadership, and global markets and make you more valuable as an MBA applicant to prestigious business schools. Here is a list of some of the best project management books to help you level up your skills. Work on Your Networking Skills One of the most valuable skills that you can possess as an MBA applicant is good networking skills. Over the course of an MBA program, you will get the opportunity to meet future business leaders and hence, good networking skills will work to your advantage. Prior to enrolling in an MBA program, make a conscious effort to network in corporate and social events. Pick a Specialty Many business schools offer a number of specialized programs like marketing, international business, finance, and so on. Figuring out what you want to specialize in will help you get a jump in your career. What Next? Unlock your potential for leadership and strategic decision-making with the Executive Certificate Program In General Management, offered in collaboration between Simplilearn and IIM Indore. This comprehensive program is designed to empower executives and business professionals with the knowledge and skills needed to excel in today's dynamic business landscape. 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Close Stay focused on what matters. With Federated Insurance, you work directly with an industry expert who is committed to understanding the unique risks and opportunities associated with your business. With a dedicated agent and risk management team on your side, you will always get the right coverage for your company and can focus on what matters most. Trust. Advise. Protect. Get My Quote Submit a claim How can we help? Business insurance File a claim Get My Quote Who is Federated Insurance? We’ve been around since 1920, proudly serving Canadians with innovative and affordable insurance protection. And while a lot has changed over the years, we’ve always stayed true to our belief that knowing your business matters. We take the time to get to know what your business does inside and out to ensure we’re protecting you from any and all of the risks you may be facing. We give you the time, dedication, and attention you deserve because we’re committed to building long-term relationships with the businesses we protect. We’ve got the insurance you need. Here are just a few of the key industries Federated Insurance is dedicated to serving: Automotive Dealers Automotive Repairs Commercial Property Contractors Equipment Dealers Fuel Dealers Grocery Stores Manufacturers Professional & Health Services Wholesalers & Retailers Surety Bonding Services Restaurants Automotive Dealers Automotive Repairs Commercial Property Contractors Equipment Dealers Fuel Dealers Grocery Stores Manufacturers Professional & Health Services Wholesalers & Retailers Surety Bonding Services Restaurants Request a quote Our insurance solutions. When your business has strong insurance coverage, it has financial protection in the event of a loss. With a dedicated agent and risk management team there to help you, you’re able to focus on what matters most: running your business. Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Our insurance solutions. When your business has strong insurance coverage, it has financial protection in the event of a loss. With a dedicated agent and risk management team there to help you, you’re able to focus on what matters most: running your business. Here are just a few of the insurance coverages that can help protect your business: Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance, and without the proper coverage, your business may be vulnerable to an expensive claim. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Cyber Risk Insurance: No matter what industry you’re in, your business could be vulnerable to cyber attacks. Cyber risk insurance helps support your business if devices or documents are lost or stolen, or if computer networks are breached. Commercial General Liability: Commercial general liability insurance is an important coverage for all types of businesses to consider. It’s designed to protect businesses against costly lawsuits if they’re found legally liable for bodily injury or property damage to a third party. Commercial Property Insurance: It takes a long time to build and maintain a strong business—why would you want to risk all of that hard work? Commercial property insurance will protect your business’ structure and everything inside it, such as tools, equipment, and inventory. Business Interruption Insurance: What would you do if damage from an unexpected flood or fire forced you to cease operations for two to three months? Could your bank account handle the loss of income? Business interruption insurance will pay for your loss of net income, and continue to pay normal operating expenses if an insured loss suspends your operations. Commercial Auto Insurance: There are some key differences between personal and commercial auto insurance to consider, because without the proper coverage, your business may be vulnerable to an expensive claim. And as your business grows, so should your insurance coverage. If your business is protected by our Vehicle Fleet Insurance and acquires new vehicles, they’re automatically covered by a blanket fleet endorsement (even if you forget to tell us about them until your renewal!) Comprehensive Crime Coverage: This coverage will help mitigate the loss of money or securities due to employee dishonesty, robbery, burglary, and hold-ups. Comprehensive crime coverage can protect you both at and away from your business premises. Get a quote now Working with a Federated Insurance Agent is easy and fast. We know you’re busy, which is why we’ve made our insurance process as seamless and effortless as possible. Step 1You’ll speak to one of our industry-trained specialists. This person will become your dedicated Commercial Insurance Specialist, and be there throughout the entire process. Step 2You and your Commercial Insurance Specialist will get to know one another. They’ll ask you some questions to ensure they understand your business inside and out. Step 3Our expert team of Commercial Underwriters will review every aspect of the business you operate. Once they have all the information they need, they’ll build you a customized, comprehensive and affordable coverage program to meet all your needs. Step 4Your long-term relationship with Federated Insurance begins! After your Commercial Insurance Specialist reviews your coverage program with you and walks you through the ins and outs of your coverage, you’ll sign on the dotted line. Why do business owners buy from us? We give you a personalized experience you just can’t find with other insurance companies. With Federated Insurance, you’ll have a dedicated Commercial Insurance Specialist to guide you through the entire journey. Here are just a few benefits of going direct with Federated Insurance. Industry-trained specialists: Our Commercial Insurance Specialists take the time to understand your business now, and in the future. As your business grows and evolves, your Commercial Insurance Specialist will work with you to make sure your insurance coverage keeps up the changes. Direct access to expert underwriters: In some agencies, the sale comes first and the policy comes second. At Federated Insurance, our expert underwriters work side-by-side with our Commercial Insurance Specialists to make sure they understand the details and risks of your business before they create your coverage program. That way, you’re properly protected. A single solution and a streamlined claims process: Sometimes, depending on the complexities of your business, insurance companies will divvy up your coverage amongst a few different providers to ensure all your needs are met. If you ever suffer a claim, this can get messy due to multiple deductibles and different procedures, both of which result in longer timelines. We keep everything under one roof. Your dedicated Commercial Insurance Specialist will ensure you receive a customized program that meets all of your needs with one company. The personal touch: Big companies often mean call centres, multiple points of contact, and various forms of communication. With Federated Insurance, you have one dedicated specialist to guide you through all of your insurance needs. We’ll call, email, or drop by in person depending on what you prefer. We’ll also take care of all the paperwork so you can focus on what you do best — running your business. We’re more than just insurance coverage: We’re not just your insurance provider; we’re your trusted advisors and business partners. By choosing to partner with Federated Insurance, you gain direct access to our Risk Services team. This team of experts has decades of experience combating risks for all business types, and can provide mitigation and loss prevention strategies to help keep your business safe. Request a Quote What do our customers think of us? Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. Federated Insurance has been detailed, diligent and transparent with a view to ensuring appropriate cost-effective coverage for our business. On the claims side, responsive and accessible best describes their service. With Federated Insurance, we don’t just have an insurer; we have a real partner in our risk management program. Gregory P. Nakonechny - Vice President, Legal and Corporate Secretary, The Brick As business owners, we have enough stress on a daily basis of running the company. To be honest, I was in complete awe you were so fast and accommodating in getting this all rectified for us. We are super busy on a daily basis, and I always felt that we were in good hands with you. Kendra Daniel - Production Manager, Viper Mechanical Plumbing & Heating Ltd. We take your coverage a few steps further. Risk Management Assist: You work hard for your business, which is why it’s vital to do whatever you can to protect it from future losses. With Risk Management Assist, customers are granted unlimited telephone access to our team of Risk Services Specialists, who can help you mitigate risks by answering questions and providing expert guidance. Learn more Legal Assist: No matter the industry you work in, as a business owner you may encounter situations where you must contend with various laws and regulations. Federated Insurance’s Legal Assist service is here to help with expert legal advice on a variety of topics. Learn more Trauma Assist: Suffering a loss to your business is never easy. As a Federated Insurance customer, you’ll have access to confidential counselling services to help you and your employees work through the emotional effects of an insured, traumatic loss. Learn more Cyber Assist: Cyber attacks are becoming increasingly prevalent, which is why precautions against such attacks are vital. Federated Insurance offers Cyber Assist to help businesses take proactive measures against cyber breaches and provides reactive assistance in the event of a privacy breach. 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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
In New York state, hiring the right construction insurance company or insurance broker is crucial prior to beginning any new construction, including remodels and renovations. New York construction rules and regulations are highly detailed with regards to construction insurance and the amounts of coverage specific to each construction project. Following are four questions that will help you ensure that the construction insurance company you are working with or interviewing has the requisite knowledge and insight into New York construction insurance regulations. Whether you are a builder, contractor, construction manager, subcontractor or employer you need to have the best possible coverage to protect yourself, your employees and your business. 1. Do they have significant New York state construction insurance experience? If you’re a general contractor or employer working on a larger-scale construction project in New York, you are required to have construction insurance to protect against various liabilities stemming from construction site accidents. New York’s rules and regulations are highly specific and require in-depth knowledge of certain minimum insurance requirements that need to be met based on issues such as: Permit type Project scope Proposed building height and number of stories The height and number of stories of the tallest adjacent building The use of a tower crane, and others. An experienced and reputable construction insurance company or broker will know where the weaknesses are in the typical construction insurance policy and how to amend them to mitigate risk to your best advantage. 2. Do they ask the right questions about your construction business and your projects? A knowledgeable construction insurance broker will know the questions to ask in order to provide the right policy for your construction project(s) and your business. They’ll want to know about the type of construction projects you work on, where, how big and for whom, what kinds of sub-contractors you use, what is the building height and number of stories, what types of equipment do you use and so on, and will make appropriate insurance recommendations based on your business. Remember your construction insurance policy is only as good as the language included within. 3. Do they have access to a wide range of insurance underwriters? Your construction insurance broker should be able to present you with many options for insuring your project(s) and have access to multiple carriers to ensure that you get the right coverage at the best possible price through effective negotiation, exceptional experience and long-lasting relationships. Schaefer Enterprises has served the specialized insurance needs of the construction industry for 15 years. We know what really matters and how to protect your interests. We offer unique programs flexible enough to suit the needs of general contractors, contractors and business owners of various sizes and circumstances. We have tailored construction insurance programs for projects ranging from below the ground floor up to many stories above street level, and we can provide protection to you, your family and your business with the following policies: Workers’ Compensation General Liability Disability Umbrella Inland Marine Builder’s Risk 4. Do they perform a comprehensive review of your existing construction insurance policy? If you’re interviewing a new construction insurance company or broker, one of the first things they should undertake on your behalf is a comprehensive review of your existing policy. A thorough review of your current coverage will not only give them a well-rounded view of your construction business and what kinds of projects you work on, but it should also reveal any gaps in coverage that leave you exposed to uncovered claims. This includes reviewing of all your subcontractors’ ACORD certificates and sub agreement contracts to make sure you are covered adequately. In addition to insurance, there are a number of exclusions and regulatory considerations (such as minimum coverages) that you need to take into account to protect yourself and your construction business. Looking to find the best New York construction insurance company? The Schaefer Enterprises, Inc. Construction Group provides expert guidance on construction insurance policies and regulatory issues for a wide range of contractors including general contractors, sub-contractors, sheet metal manufacturers, roofers, steel erectors and fabricators, steamfitters, HVAC contractors, electrical contractors and ready mix contractors. Want to know if you’re current construction insurance policy has the minimum general contractor insurance required, and how well it is contributing to the growth of you General liability insurance is a kind of business insurance that provides companies with some financial protection against claims by third parties – such as customers – relating to bodily harm, personal injury, and property damage. Additionally, it can assist with attorney fees owed when defending against such claims. Typically, general liability insurance is recommended for any small business owner, regardless of whether they produce products or offer services. The concept of harm can extend beyond the physical. For example, reputational damage to another is considered harm in this case. Similarly, copyright infringement claims can also qualify as harm in regard to this type of coverage. What Does This Type of Policy Cover? With general liability insurance, the coverage provides some financial protection for several types of events or claims made by third parties. The policy usually covers bodily harm to a customer, such as an injury acquired while on a company’s property. With the coverage, the insurer assists with handling costs related to any required medical treatment, alleviating the burden the small business would otherwise shoulder. In some cases, the bodily harm coverage also extends to cover injuries that occurred when a customer was using a company’s products. However, some insurers require separate product liability coverage for those events, so it’s critical to review the policy details carefully to determine whether this coverage is included in a general liability policy. Similarly, damage caused to a third party’s property is covered by a general liability insurance policy. For example, if employees installed a product on a customer’s site and damaged any of the customer’s property during the process, any damage claims relating to that property are potentially addressable with the general liability policy. In situations where a third party claims reputational harm – which typically emerges as claims of slander or libel – that’s also handled by the coverage. The policy helps pay for any attorney services needed to defend the small business and any resulting settlements or judgments. Advertising injury – such as copyright infringement claims – are also usually included in the policy, functioning similarly to the coverage for slander and libel. What Claims Are Typically Excluded From Coverage? General liability insurance is only usable in addressing harm caused to third parties. As a result, it won’t handle work-related injuries sustained by employees. Similarly, damage to a company’s property isn’t addressable with a general liability policy. ADVERTISEMENT Finally, mistakes made while providing professional services that would usually get covered by professional liability insurance aren’t usually covered by general liability insurance. That mainly includes claims involving misrepresentation or negligence. In some cases, claims involving slander or libel are addressed by professional liability insurance as well, though that’s still commonly a part of general liability insurance, too.
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
Executive MBA Global Creating a business case for company sponsorship A. Introduction B. Return on Investment B.1. Key programme features B.2. Programme structure B.3. Recommendation C. Asking for employer support D. Contacts A. Introduction A significant number of EMBA Global students, more than 40%, are able to secure at least some kind of financial support from their employer for their studies. The EMBA Global is jointly developed by London Business School and Columbia Business School to inspire and cultivate entrepreneurial thinking and a truly global perspective. This programme is thus a particularly attractive option for sponsoring organisations since employees will have the opportunity to study and network in two incredibly dynamic cities - London, New York, - and study part-time to bring knowledge and perspectives from the programme and their fellow students back to their workplace. Drawing on the experience of past students who have secured sponsorship, from blue-chip banks, SMEs and the public sector, we have compiled this guide to help you create a business case to present to your organisation. Feedback from our students suggests that creating a coherent and compelling business case is a pivotal tool when approaching any organisation for sponsorship. One EMBA Global alumnus, Chairman at an IT company in London, mentions how receiving company sponsorship to study the EMBA Global benefited both him and his employer: “From the classroom, I developed new techniques in decision-making, leadership development and strategic management, and my company benefited a lot from the infusion of new ideas. They were surprised at how practical the knowledge is. Personally, I am grateful and proud that I was offered the opportunity to join the programme. I consider this to be a privilege – a great experience, which certainly changed my life." Many companies, when approached with such a request may be asking, ‘why should we make this investment?’ and ‘what’s in it for us?’ This guide can help you answer these questions and clearly convey the benefits an EMBA Global from London Business School and Columbia Business School can provide to you and your organisation. We hope the following provides a useful framework upon which to build a solid case. There is no guaranteed success, but thorough preparation and perseverance has paid dividends for our sponsored students. We hope you are successful! B. Return on investment Make sure you clearly articulate to your Line Manager your expected benefits to the company. Define measurements to assess how your contribution will increase during or after the programme in terms of skills and knowledge acquired, that will benefit both the organisation and you as an individual. It’s important to highlight that the EMBA Global at London Business School and Columbia Business School is a part-time Executive MBA programme designed for dynamic professionals who have global responsibilities and a minimum of 5 years of managerial experience. This gives you a genuine edge and enables you to improve your workplace performance from day one as you apply each new classroom concept with direct relevance to you and your organisation. Whether your goal is to keep your career on the fast-track, or you are looking to move from a specialist role into general management, EMBA Global can offer you the knowledge and networks to achieve your goals, by equipping you with insights, confidence, and innovative international business practices to operate successfully anywhere in the world. On the curriculum side, there is an emphasis on big picture business skills. The courses will enable you to build a strong base of knowledge in all areas of general management and develop the leadership skills that will set you apart throughout your career. For example, the Leadership and Organisational Change core course offers you practical tools in order to improve your ability to influence, negotiate, and lead changes in your organisation. Core courses and electives can be taken in London, New York, or Dubai, and they are respectively offered by London Business School and Columbia Business School. An EMBA-Global alumnus, Head of Saving Banks at a commercial bank in Germany, mentions how the electives practically helped him solve issues at work: "Many of the electives, such as Managing Corporate Turnarounds, cover real life experiences, which directly address new challenges I face developing my business unit. The electives are often ‘turbocharged’ with cases presented by the people who made the turnaround possible, which makes the class even more interesting. Another example of a particularly relevant elective would be Behavioural Finance, analysing fundamental market insight and collapsed market participants that do not fit into classical descriptions." To conclude, it is significant to pinpoint the overall benefits for your organisation of establishing links with London Business School. As their ambassador on campus, you can be the bridge linking your organisation to world-class faculty, major global events and the global alumni network. B.1. Key programme features Once you have defined the business need, the next step is to conduct your analysis. Support your choice of programme by identifying the most relevant components to your organisation. • Company project The company project is done in co-operation with your employer and supervised by a member of faculty, and is normally based on a company-specific issue. In general, project work will be linked to your workplace, and will be of benefit not only to you, but also to your department and organisation as a whole. The project and corresponding management report can be discussed with Senior Managers and can be tailor-made to reflect strategic areas currently needing analysis in your business. Additionally, the report can be used as a launchpad to pursue areas of interest within your organisation, and explore areas that you would be interested in working in afterwards. This confidential report could give your organisation access to some of the best faculty in the world to resolve or support any issues raised. Potential project topics might include: - launching a learning and teaching platform - private equity proposition for residential real estate investments - improving CLV through data analytics - investment strategy in emerging markets - marketing plan for a niche online venture • International Assignment and seminar An exciting part of the EMBA Global programme is the international assignments and seminars. They will give you the opportunity to broaden your global perspective by working within real organisations and meeting senior industry leaders, in a choice of international locations. Accompanied by a member of faculty and working in small teams, you spend a week working closely with an organisation on a real business project and gain fresh insight into international business practices. The range of week-long, faculty-led international assignments and seminars has included: - an economics assignment in China and South America - a business development project in Moscow - a cultural change project in South Africa - an innovation and adaptation project in India - a brand management project in Germany As well as developing your global perspective in a key international business location, international assignments and seminars also give you the opportunity to broaden your network. You will travel and work alongside students from other Executive MBA programmes at London and Columbia Business Schools' and connect with members of the alumni networks in these cities. An EMBA Global alumnus, Chief Budget Officer at a development bank in Tunisia, mentions how the global nature of the programme enhanced his leadership skills: "EMBA Global offers a unique professional, academic, cultural, and social experience: the demanding lifestyle of a truly international executive. For me, travelling every month between four continents, ensuring business continuity while being away from work 25% of the time, and dealing with the sheer diversity of the programme puts to the test your intellectual nimbleness and physical stamina. Such an experience profoundly shapes you as a more insightful, resourceful and inspirational leader." • Peer group You’ll study with high-potential, globally-focused executives and managers representing a wide range of nationalities and industries. They bring variety and depth to the EMBA Global experience, learning from each other as well as from faculty members. Each class brings together experienced managers, professionals and executives from around the world. They are a diverse and highly engaged group of individuals who are working at the very forefront of the rapidly changing world economy. Typical class profile: - 20 nationalities - 13 industry sectors: finance, industry, IT, energy, consulting, military, architecture, law, leisure, FMCG, pharmaceuticals, public sector etc. - 10 job functions: general management, finance, new business development, marketing, engineering, operations, legal, medical, etc. An EMBA Global alumna, director at a hospitality consulting firm in Vietnam, mentions a few highlights on the diversity of her peer group: "Having worked in emerging markets for the last 10 years, it was great to connect with other organisations and see how businesses work in other parts of the world. Everyone on the programme was very different, not only culturally, but also in terms of work experience and sector." • Network As a student and graduate of the EMBA Global you will: - have lifelong access to blue-chip corporate partners and their industry network - become part of the LBS community made up of 97,000 alumni in over 150 countries - learn from a highly diverse and senior peer group coming from 20 different countries. • Sample analysis Programme feature Return on investment International Assignment to South America Analyse Mexico’s oil & gas market Diverse, experienced and international participants Effective work with new project team based in Eastern Europe Skills development in team building and leadership Reduce delivery slippage by 10% in next 10 months Decision making and risk analysis Conduct feasibility study for relocating site to South East Asia B.2. Programme structure The EMBA Global curriculum is comprehensive, rigorous and demanding. The timetable enables highly-focused learning, minimising your time spent away from the office and ensuring optimum learning impact. Key elements of the EMBA Global programme: - the programme begins in May and runs for 20 months - core courses are taught in six or seven-day residential blocks, once a month, alternating between London and New York - both schools make an equal contribution to the teaching of the core courses, with faculty travelling to teach wherever the class is in residence - you have access to the elective portfolios of both London Business School and Columbia Business School - you also study in one or more other markets as part of the international seminars or assignments - the collaborative learning environment means you learn from the experiences of your fellow students, as well as from faculty. B.3. Recommendation After you have gathered specific evidence that our EMBA Global programme will benefit you and your company, you will need to ensure that you highlight the aspects of your personal development that are most important in the context of the business need and your career development plans. General: ‘I believe that it is the right time for me to pursue an EMBA Global programme because I do not wish to restrict myself to technical management positions. The programme will increase my opportunities to enter the more commercial side of the global business. Although I have the necessary industry experience and knowledge, I cannot progress to more senior positions without the transnational commercial and marketing skills acquired through an EMBA Global. The EMBA Global will equip me with a broad range of business acumen in order to manage projects and work at a strategic level anywhere in the world within our organisation.’ Specific: ‘As a Global Head of... in X department, I am tasked with delivering on…’ ‘To date, within our organisation I have achieved…’ ‘In order to progress within the organisation, it is vital I develop X skills…’ If your organisation offers internal development programmes or even external training with other institutions, you may need to clarify why an EMBA Global would be preferable to a number of short development programmes. In this case, you should emphasise the ability to learn from world-leading faculty who, alongside teaching, consult and sit on the boards of major multinationals and conduct ground- breaking research in their fields of expertise. The rigour of the programme sets it apart from shorter courses, as well as the opportunity to learn from and collaborate with your diverse and experienced peer group. Once you have graduated, remember that you and your company have access to a powerful and influential professional network, from three world renowned business schools, for life. C. Asking for employer support I. Financial support Think carefully about the level of financial contribution you require, making sure you have up to date information on tuition fees. You may also need to request additional funds for accommodation, travel and materials. Think about different funding models so you have a “package” to request, and can offer different positioning. Outside of 100 per cent funding, students on recent intakes have been financially supported in a variety of ways, including matching funding, percentage splits, reduced hours, salary sacrifice, tuition reimbursement at key stages or after successful completion of parts one and two, and bonus payments. The agreement you finally come to will most likely be the result of a back and forth negotiation between you and your employer. The monetary contribution you receive is most commonly dependent on how long you are going to be contractually obliged to remain with the organisation. If you require a significant level of funding, be prepared to be very flexible with this detail. II. Time You will need to show how you will manage any time out of the office, and what you will do to minimise the impact on your team or clients. Allow time off to complete studies, but also be aware that deadlines may conflict with business needs. Indicate clearly in your request the extent of the time required, and whether you will be using any personal time (agreed study days, unpaid leave, vacation, lieu time) for this. It may be helpful to put the detailed schedules into an appendix, and to give a short table within the business case showing the requirements for the EMBA Global and, if appropriate, a comparison with any other programmes. Please highlight the fact that you will be studying part-time, and will thus remain in fulltime employment. Since you will be applying what you learn at the workplace, this is a very important negotiating tool. Your potential absence from work is likely to be considered as much of an investment for your employer as any financial contribution they make. III. Commitment and Conclusion Your statement of commitment is critical and should show your commitment to the organisation, and to being a successful student on the programme. There are a variety of ways of demonstrating this commitment, and as previously explained, agreements will most typically encompass lock-in periods, reimbursement of tuition and other costs. The statement of commitment ensures that you take responsibility for your learning and repay the investment that has been made for you by your company. D. Contacts We hope this guide is helpful and wish you the very best of luck! If you require any further information about the EMBA Global programme to support your business case, please contact our Business Development Team in London: Charlotte Tait Senior Business Development Manager Email: ctait@london.edu Tel: +44 2070007464 2023-24 PROGRAM GUIDE ONLINE PART-TIME MULTIPLE TIME ZONES Hult International Business School BOSTON | LONDON | DUBAI TIME ZONES 2023-24 Program Guide HULT.EDU/ONLINEMBA Global Online MBA 2 GLOBAL ONLINE MBA DEGREE PROGRAM Bringing the classroom experience online We listened to the frustrations of learners who told us that the online MBAs out there weren’t providing enough interaction and networking with peers, enough live learning with professors in real-time, or enough practical skills development. We knew we needed to bring these essential elements of the classroom experience to our Global Online MBA. Learning to suit your lifestyle Teamwork is the key to business success and is the focus of skills development at Hult. So, how can an online degree offer the level of peer-to-peer and studentto-faculty interaction that’s needed to grow while still offering the flexibility home learners demand? By creating a program that enables multiple modes of learning—from live online classrooms to entirely self-paced modules to oncampus options across three continents and time zones. Build a global network from home Hult’s Global Online MBA enables you to switch modes as it suits you while experiencing our unique brand of challenge-based learning and building a global network of like-minded professionals. You’ll all come together at the annual Global Summit to cement the relationships you’ve formed in class and forge an international career on your own terms. A Unique Online MBA for Those Made to Do Become part of a worldwide cohort of professionals who want to get ahead from home. Hult has brought its top-ranked, award-winning MBA into the digital space to provide globally minded students with an immersive learning-by-doing experience—online. With the ultimate flexibility you need to continue to work as you learn part-time, Hult’s two-year Global Online MBA offers a suite of weekend learning options to suit your lifestyle and can adapt to changes in your needs. 2023-24 PROGRAM GUIDE 3 Communication and collaboration is the foundation of a successful career 4 GLOBAL ONLINE MBA DEGREE PROGRAM Start date We have start dates in April and October each year. Weekend classes Classes take place over a three-day weekend per month from three different time zones (Boston, London, and Dubai), meaning you can attend any live class based on your time zone preference. Mode of study Do the entire degree live online, or do a mix of live online and self-paced courses. On campus Option to take classes at one of Hult’s campuses for an additional fee. A Fully Optimized Online Learning Experience You want to earn a world-class MBA from home, with all the flexibility a working professional needs. But you don’t want to compromise on networking and skills development. Hult’s Global Online MBA program is designed to enable you to take control of your schedule and your learning while providing you with opportunities to engage, connect, and work in teams on practical challenges. Optimized Engagement Optimized Flexibility & Networking Be part of a global community and cohort. Connect and engage with peers from around the world. Network and increase your exposure at the Global Annual Summit event on a Hult campus (Boston, London, or Dubai). 2023-24 PROGRAM GUIDE 5 60% 40% men women 38 average age 79% speak two or more languages 91% are living abroad at the time of study 12 average years of work experience Top 10 industries (pre-MBA) Financial Services Technology Manufacturing Healthcare Media/ Entertainment Consumer Packaged Goods Energy Government Consulting Hospitality * These are stats from students from the Live Online program. There are 150+ nationalities across the Hult student body. Hult Global Online MBA Class Profile 2023* Challenge-based learning is at the heart of the program. Our small class sizes enable high-quality classroom experiences and 1:1 time with professors. Develop in-demand business skills. Learn from internationally renowned faculty with years of industry experience. Attend dedicated office hours with your professors for one-to-one support throughout your program. Optimized Skills The flexible Global Online MBA program helps you balance competing demands on your time 6 GLOBAL ONLINE MBA DEGREE PROGRAM The World Is Your Campus Hult Boston Hult Dubai* Hult London* Hult San Francisco Hult New York With upgrade options to come to any campus when you choose and a global gathering of MBA candidates every year, this is an online degree that gives you international experience on your own terms. 2023-24 PROGRAM GUIDE 7 *Come to campus Gain on-the-ground international experience and build your network on campus when you upgrade to in-person classes. For an additional fee, you can take classes of your choosing at our London and Dubai campuses. Global Annual Summit, 2023 Date: June 3-4, 2023 Location: Hult Boston The Global Annual Summit is held in a different location each year. Come together with your classmates from across the globe to strengthen relationships, forge connections, and experience Hult’s stunning campuses in some of the world’s most influential business hubs. This year’s summit theme is Innovation & Growth, so expect to be inspired by globally renowned professors who’ll leave you inspired and ready to drive growth in your career. 8 GLOBAL ONLINE MBA DEGREE PROGRAM A Part-Time Degree Designed to Challenge Ranked among the best in the world by the Financial Times, the Economist, Bloomberg Businessweek, and Forbes, Hult’s Global Online MBA will equip you with the skills most in-demand with employers worldwide so you can make an immediate impact that matters. Your Global Online MBA program: how it works Core Program FACULTY SUPPORT: Hult faculty o er frequent dedicated oce hours and are there to support you every step of the way. Module 1 Business Challenge 1 Module 2 Bodule 3 Business Challenge 3 Module 4 Business Challenge 4 MEAR 2 YEAR 1 Yonths Accredited by the three most prestigious independent bodies—AMBA, AACSB, and EQUIS— our highly practical MBA curriculum is centered on real-world business challenges. Throughout your program, you’ll take the knowledge and skills you learn in class and continually test them, and yourself, through practical application. With our uniquely Global Online MBA degree, you’ll study every topic through a global lens, master working in cross-cultural teams, and learn to lead in a complex international business environment. Do the entire degree live online, or do a mix of live online and self-paced courses. 2023-24 PROGRAM GUIDE 9 Electives, Specializations & Core Coursses Electives, Specializations & Core Coursses Elective Courses usiness Challenge 2 Module 5 Business Challenge 5 YEAR 2 YEAR 1 mtudents consider creative ways of solving a team challenge before finalizing their concept 10 GLOBAL ONLINE MBA DEGREE PROGRAM Your Challenge-Centered Global Online MBA Curriculum *Course titles and challenges subject to change. Year 1 Module Theme Core Courses Covered in Module* Challenges* Module 1: Design Program Immersion Authentic Leadership 1: Leadership Journey Marketing Strategy Financial Statement Analysis Business Challenge 1 Module 2: Sales Authentic Leadership 2: Managing Relationships Business Insights Through Data Applied Economics for Decision Making Business Challenge 2 Module 3: Delivery Authentic Leadership 3: Personal Influence Data Management Global Operations Business Challenge 3 Elective Courses Year 2 Module Theme Core Courses Covered in Module* Challenges* Module 4: Growth Authentic Leadership 4: Moral Perspective Financial Management & Decision Making Business Strategy Business Challenge 4 Module 5: Transformation Authentic Leadership 5: Leading Change Agile Project Management Business Challenge 5: Digital Transformation & Impact Elective Courses 2023-24 PROGRAM GUIDE 11 Sample Business Challenges BUSINESS CHALLENGE 1* New Venture Strategy Simulation Your first business challenge will immerse you in the many decisions a company needs to consider when assessing a new venture, from market analysis and competitive differentiation to sales strategies and tactics, production, logistics, and financial management. The cornerstone of the challenge will be a competitive, team-based business simulation. As you compete to win in your industry, you’ll improve your ability to develop and implement a strategy for success in a dynamic team environment. BUSINESS CHALLENGE 4* New Market Expansion Plan Students will consult for a live client, conduct market research to understand consumer trends, the competitive landscape in new markets, and potential impacts on the value chain. Find and set out a solution that makes use of an emerging technology, discuss the impact on the client’s brands, competitors, and current product offerings—and indicate whether, why, and how those offerings should change. 12 GLOBAL ONLINE MBA DEGREE PROGRAM Work With Real-World Businesses on Real-World Challenges Business Challenges are project-based, faculty-led courses that occur during or at the end of each core module. These challenges combine skills, topics, and knowledge from previous courses to apply toward solving or developing real-world business strategies. Previous Business Challenge examples include: Client: Mercedes Benz Developing solutions to increase the electric vehicle share in key global markets. Client: Verizon Wireless Establishing new market segments and key enablers of technological disruption. Client: Kinder Developing an integrated marketing campaign across Above the Line and Below the Line touchpoints. Client: Grupo Bimbo Integrating technological strategies, including ecommerce and autonomous vehicles, into food industry strategy while enhancing existing business models and creating new customer access innovations. Entrepreneurial Challenge Creating a new business concept at the edge of growth trends, while developing and validating ideas through deep insights, and building a go-to-market plan that is executable and financeable. Connect with your peers and tune in to classes from wherever you are in the world At least one of these challenges involves working alongside a real-world corporate client, which gives students the opportunity to gain practical experience working with successful companies, grow their network, and add weight to their resume. 2023-24 PROGRAM GUIDE 13 Experience that gets results The skills and mindset students gain at Hult have earned our graduates a reputation among employers as globally minded changemakers. Hult alumni are in demand with the world’s leading companies and are forging successful careers across a variety of industries all over the world. Here’s a snapshot of Hult MBA graduates’ most recent achievements: $ average salary in USD 3 years after graduation, 206k Financial Times, Executive MBA Ranking, 2022 View the MBA Global Careers Report in Full 91% of MBA grads changed industry 122% increase in pre-MBA salary, The Economist, Which MBA?, 2021 326 companies hiring Hult 2021 graduates across 50 70 countries (MBA) % of alumni have been promoted or grown in their company since graduation (EMBA) 2023-24 PROGRAM GUIDE 13 14 GLOBAL ONLINE MBA DEGREE PROGRAM What Will My Weekend Look Like? Get out of your comfort zone and experience a different kind of weekend. Attending career-focused webinars with industry experts is a great way to expand your network and your knowledge and can also greatly enrich your experience. The sample schedule opposite shows you a typical timetable of a Global Online MBA student. What it doesn’t show you is the dynamic experience in classes and the rich learning opportunities available outside the classroom. Make the most of your Live Online weekend courses with: – Interactive live classes with Hult faculty – Dynamic guest speakers – Roundtable & group discussions – Team activities & challenges – Real-life assessments post-weekend – Networking events Make the most of your Flex Online Self-Guided courses with: – Digital learning materials to complete at your pace over 6–8 weeks – Live online course kickoffs – Curated online content & assessments by Hult Faculty – Interactive digital activities & online discussions – Optional live online webinars with industry experts – Dedicated office hours with Hult professors Gain relevant business skills that you can apply immediately 2023-24 PROGRAM GUIDE 15 Live Online Sample Core Weekend Schedule* Flex Online Self-Guided Sample Weekly Schedule (6-8 weeks per class) Friday Saturday Sunday 11am – 3pm: Live Online Class 11am – 7pm: Live Online Classes 11am – 7pm: Live Online Classes 3pm – 5pm: Teamwork & Class Preparation for Next Day 7pm – 8pm: Teamwork/Meeting 3pm –4pm: Guest Speaker Event 6pm – 7pm: Live Networking Event 8pm – 9pm: Preparation for Next Day 7pm – 8pm: Time to Start Working on Final Assessment Sunday Monday Tuesday Wednesday Thursday Friday Saturday Live Online Class Multiple Time Options Self-paced study: Independent assignments and cohort collaboration opportunities Complete Module 1 Quiz/ Assessment Start Working Through Module 2 Content Meet With the Hult Faculty During Office Hours Live Online Optional Guest Speaker Webinar Mode of study: 100% live online classes over a three-day weekend each month. Mode of study: 50% live online classes with 50% self-paced online courses. *These are sample class times, subject to change. Electives & Specializations Personalize your degree based on your personal and professional goals by choosing from over 150 electives. You can also choose to graduate with a specialization and deepen your skills and practice in a specific field. You can take your electives online or in-person1 at our London and Dubai campuses—so how and what you study is up to you. 1 You can choose to upgrade to in-person electives for an additional fee. New electives are added every year to keep options up to date and relevant, with a wide range available every summer term. To graduate with a specialization, you’ll need to concentrate your elective choices in that specific area and complete at least three electives relevant to your specialization. An elective a year for life Hult is the proud recipient of the bronze award for Best Lifelong Learning Initiative 2021 from the Association of MBAs (AMBA) and the Business Graduates Association (BGA). Your knowledge, skills, and qualifications will need to be constantly updated throughout your career. Once you graduate, we have lifelong learning options that enable you to stay up to date and relevant—always. You can come back to any campus, every year, to take an elective that suits you. Build a network that spans the globe 16 GLOBAL ONLINE MBA DEGREE PROGRAM 2023-24 PROGRAM GUIDE 17 Areas of specialization and sample electives:2 Digital Marketing Psychology of Pricing in a Digital World Social Media Marketing Strategy Customer Acquisition Through Digital Marketing Finance Business Analysis & Valuation Behavioral Economics & Decision Making Mergers & Acquisitions Technology Management Introduction to Bitcoin & Blockchain Technologies Managing Innovative Technology Cybersecurity Technology Data Analytics Introduction to Machine Learning Digital Analytics: Becoming a Digital Ninja Applied Statistics with R Project Management Crisis Management, Mitigation & Response Lean Project Management Supply Chain Analytics Other popular electives include: International Negotiations & Business Consulting Management Psychology Entrepreneurship Through Acquisitions The Science of Happiness & Well-Being Artificial Intelligence & the Future of Humanity Global Strategic Valuation Sustainable Brands & Products Luxury Marketing Kisuc Kim maps out his options on the walls of a meeting room on the Dubai campus 2Electives subject to change. 18 GLOBAL ONLINE MBA DEGREE PROGRAM Passionate Professors From the Real Business World More than just professors, our practitioner faculty are supportive mentors that have your professional goals in mind. Known as much for their academic credentials as for their decades of experience as executives, consultants, and entrepreneurs, our faculty members know what it takes to thrive in the demanding world of international business. Ali Fenwick, PhD Dutch/British Organizational Behavior & Innovation Professor With 18 years of experience in management consulting in telecommunications, FMCG, and pharma, Dr. Fenwick is a professor of industrialorganizational psychology who teaches across several key topics, including organizational behavior, leading for innovation, and management psychology. Ali is the founder and CEO of LEAD TCM&L™—a global behavioral science advisory firm developing psychological interventions for business, education, government, and NGOs. He is also a Harvard Business Review contributor, TEDx and keynote speaker, media behavioral expert, conference chair, author, and strategic advisor. Amanda NimonPeters, PhD Australian Data Science & Leadership Professor Behavioral scientist Amanda started university aged 16 and went on to earn a master’s and PhD from the University of Cambridge, during which time she spent nine months of her research work living in a tent in Antarctica. Since then, her extensive corporate career includes 10 years in sales and marketing research at P&G as well as launching and running her own consultancy, whose clients included LG, Cisco, HSBC, and Shell. Her current research includes behavioral change techniques for leadership development as well as the effects of leaders’ ethical choices. Her latest book, Working with Influence: Nine Principles of Persuasion to Accelerate Your Career (Bloomsbury, 2022) is a prime example of her highly practical and applicable insights into leadership. 2023-24 PROGRAM GUIDE 19 Caryn Pang, PhD Chinese American Marketing Professor Dr. Caryn Pang is a faculty member at Hult International Business School in Boston. She is also a professor at Parsons School of Design in NYC. Her ability to teach marketing and business fundamentals is a result of her 15+ years of experience as a retail business executive coupled with consulting experience for businesses in the international fashion industry. She has worked for Neiman Marcus, Saks Fifth Avenue, TJX Corporation, and Macy’s. By incorporating relevant business and marketing strategies into the classroom, Dr. Pang teaches her students applicable skills to ready them for the industry. Her research stream focuses on cross-cultural consumer consumption and the luxury sector. Dr. Pang earned her PhD from Iowa State University. Omar RomeroHernandez, PhD Mexican Data Analytics & Operations Professor A Fulbright Scholar, Omar uses his mastery of numbers to transform the lives of disadvantaged communities via renewable energy in his native Mexico. He’s led several internationally awarded projects with sponsors including the UN, Mexico’s Ministry of Environment, and the stock exchange. In 2010, he was appointed leader of a national task force on economic growth and low carbon emissions, which delivers recommendations to the President of Mexico. He was one of the recipients of the Franz Edelman Award, the world’s most prestigious award for operations research and management science. Larry Louie, MBA Chinese American Finance, Accounting & Entrepreneurship Professor Hult Prize Mentor Larry Louie is a global professor, teaching courses in finance, accounting, and entrepreneurship. Larry joined the Hult San Francisco campus at its opening in 2010 and served on the multi-disciplinary MBA Redesign Committee that revamped Hult’s MBA program, leading to the AMBA Innovation Award. Prior to teaching, Larry worked for 25 years in venturebacked startups, commercial real estate, Bain & Company, and KPMG. Larry earned an MBA from the Stanford Graduate School of Business and a BSc in finance and accounting from the University of California at Berkeley. Larry has also served the community as a board member of La Cocina (a nationally recognized food incubator for lowincome women entrepreneurs). 2023-24 PROGRAM GUIDE 19 20 GLOBAL ONLINE MBA DEGREE PROGRAM Fund Your Future Your education is undoubtedly one of the most important investments you will ever make. Throughout the application process, we will work closely with you to help you understand the options available to you to finance your degree. Asking your company to help fund your part-time MBA Your part-time MBA also brings huge benefits to your organization. Having your employer invest in your business education is a mutually beneficial way to fund your program. Many part-time MBA students choose to focus on their employing company for their class assignments. All of this can be immediately applied in the workplace as well as to your own professional growth. Find out more about our Corporate Partner Program: hult.edu/corporate Program fees Global Online MBA 39,000 USD* *This is indicative program pricing, other fees will apply. Please visit our website for more detailed costs. Payment plans We have a variety of payment options to fit your situation, including Early Payment discount. If you choose the Early Payment plan, you are eligible for a 2%* discount on your tuition (*net fees after scholarship and financial aid are deducted), providing you meet the terms. Please reach out to our enrollment team for more information at hult.edu/contact Loans & government support Financial institutions in many countries offer education financing specifically to local citizens. These loans are typically repayable after completion of the course, although terms vary widely. Depending on where you are from, you may be eligible for loan and grant opportunities offered by your government. We work with candidates to help them identify suitable financial institutions and government programs. Your employer can also benefit from your MBA 2023-24 PROGRAM GUIDE 21 22 GLOBAL ONLINE MBA DEGREE PROGRAM Ready to Apply? We are looking for dynamic, international, and open-minded individuals who have the ambition to grow and succeed in the world. Sound like you? Here’s how you can join Hult: Entry requirements – Bachelor’s degree or equivalent* – Three or more years’ post-graduate work experience – Proficiency in English (TOEFL/IELTS/PTE)** How to apply 1. Complete your online application at hult.edu/apply 2. Pay 95 USD application fee 3. Submit application and supporting documents – Resume/CV – Personal statement – University transcripts 4. Personal Assessment Interview 5. Admissions decision 6. Submit deposit to confirm your seat Your Personal Assessment Interview This interview is the centerpiece of the Hult admissions process. We are a futurefocused business school and this is the best opportunity you have to share your plans and dreams with us. This is the time for us to really get to know each other in person, over the phone, or via video call. Apply Now *Applicants without a bachelor’s degree but with over 10 years of relevant work experience will be considered. **English test waivers may apply for native English speakers or if your bachelor’s was completed in an English-speaking country. Your English test results can come later in the process if they’re not available immediately. 2023-24 PROGRAM GUIDE 23 We have enrollment advisors in every region, so you can talk directly to one of our team, wherever you are in the world 2023-24 PROGRAM GUIDE Hult is proud to be recognized and ranked among the best business schools in the world by the Financial Times, the Economist, QS World University, Poets & Quants, Bloomberg Businessweek, Forbes, Times Higher Education and WSJ, and US News & World Report. FOR FULL DETAILS ON THE PROGRAMS INCLUDING: CURRICULUM AND CAMPUSES, COSTS AND SCHOLARSHIPS, ADMISSIONS AND APPLICATION HULT.EDU/ONLINEMBA Latest information and updates about COVID-19 (coronavirus) from McMaster University McMaster logo DeGroote School of Business - Education with Purpose MBA PROGRAM DeGroote School of Business Search McMaster Menu HOME PROGRAMS APPLY FINANCES CURRICULUM CAREERS STUDENT PROFILES MEET US Home | Program Options PROGRAMS At DeGroote, we take a student-first approach. During your DeGroote MBA you will develop your network and graduate with the skills and knowledge our employers are looking for. Find your best fit among our program options below. FULL-TIME DEGROOTE MBA An opportunity to unlock your future potential with a full-time program that takes less than two years to complete. Students may apply for optional paid internships in the summer between levels one and two. This program is the perfect fit for those wishing to accelerate their career goals. Length of study: 20 months Start date: September 2023 Work experience: Best fit for anyone with less than seven years of work experience. FULL-TIME DEGROOTE MBA (WITH CO-OP) Interested in an MBA but lack the industry experience and network? Integrating classroom education with three full-time paid work terms, this program is ideal for newer grads wanting to build business acumen and launch their careers. Length of study: 28 months Start date: September 2023 Work experience: Best fit for anyone with less than four years of work experience. ACCELERATED DEGROOTE MBA Are you a business graduate from a Canadian university? The accelerated program allows you to complete your MBA and enter the workforce in as little as eight months. Length of study: 8 months to two years Start date: September 2023 Work experience: Best fit for anyone with an undergraduate degree in business with a minimum two years of work experience. BLENDED LEARNING PART-TIME Our newest MBA offering, it is the perfect program for the working professional. The experiences includes a combination of an in-class and online curriculum offers and is our most convenient option to complete an MBA. Length of study: 36 months Start date: September 2023 Work experience: Best fit for anyone with four to eight years of work experience. EXECUTIVE MBA This blended-learning program is the first EMBA in the world to focus on preparing executives to lead their organizations through digital disruption. With residencies in the GTA and Palo Alto, California, students learn to manage digital systems, lead diverse teams, foster innovation, and make data-driven decisions. Length of study: 14 months Start date: July 2023 Work experience: Best fit for anyone with greater than 10 years of work experience. DeGroote School of BusinessDeGroote School of Business Logo AACSB LogoAACSB Logo DeGroote Menu Home Programs Apply Finances Curriculum Careers Student Profiles Meet Us Hamilton Campus DeGroote School of Business McMaster University 1280 Main Street West Hamilton, Ontario L8S 4M4 Burlington Campus DeGroote School of Business Ron Joyce Centre 4350 South Service Road Burlington, Ontario L7L 5R8 DeGroote Online Privacy Policy McMaster University - Brighter World Logo CONTACT MCMASTER MCMASTER TERMS & CONDITIONS MCMASTER PRIVACY POLICY 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. “where big ideas come to life and bold leaders thrive” Vision Mission “we create innovative research, unparalleled learning opportunities and meaningful engagement with our community” Welcome to Haskayne The Haskayne School of Business was founded at the University of Calgary in 1967, and is home to some of Canada’s brightest and most accomplished minds. Haskayne prides itself on being a leader in knowledge creation and has established specialized centres to further prepare the next generation of leaders in key industries including entrepreneurship and innovation, advanced leadership, social entrepreneurship, sustainability, and real estate. Haskayne has nearly 4,000 full- and part-time students enrolled in a range of programs, including the Master of Business Administration (MBA). An important member of the Canadian and international business communities, Haskayne maintains partnerships spanning the globe and an alumni network of 27,000 across 90 countries. Haskayne’s reputation is one of distinction, integrity and innovation. Haskayne was one of the first business schools in Canada to be accredited by the Association to Advance Collegiate Schools of Business (AACSB) in 1985, a stamp of quality held by less than five per cent of the world’s schools offering business degree programs. 2 | Haskayne School of Business Haskayne MBA | 3 Why take your MBA at Haskayne? There are many MBA programs to choose from and committing to a program means an investment of both time and money. At Haskayne, our commitment is to empower you to become a leader as you live, work and learn. The Haskayne MBA program encompasses six elements that are critical to maximize your experience both in and beyond the classroom. 01 An enhanced understanding of business principles 02 Unique degree specializations 03 An immersive and enriched learning experience 04 Flexible programs 05 A connected and supportive network 06 Access to one of Canada’s most dynamic business communities The Haskayne MBA is ranked among the top BETTER WORLD MBAs by Corporate Knights. This prestigious global ranking names MBA programs that best equip graduates with the “ability to change the world for the better.” 4 | Haskayne School of Business Haskayne MBA | 5 “I first entered the Haskayne MBA program as a way to broaden my horizons and to add to my engineering knowledge base. The MBA reshaped the way I see the world, and things that were hidden to me before now became clear. I am fond of saying that my engineering degree taught me how to make things, and the MBA taught me why to make things. Without the business knowledge and experience I gained through the program, the reasons for engineering and technology innovation could still elude me.” Jon Neufeld, MBA’15 CEO, Tecterra Enhanced understanding of business principles The Haskayne MBA program is built on a foundation of academic excellence and business principles tailored to help you understand organizations from multiple perspectives. Your core courses will give you the functional tools and knowledge you need to confidently step into a leadership role. Leadership Development • Develop the ability to identify trends that can impact leaders and leadership. • Increase your self-awareness as it relates to your leadership style, communication skills, cross-cultural literacy and personal values. Strategic Thinking • Learn how to apply critical and strategic thinking processes to business problems. • Develop confidence in decision-making on organization-wide matters. • Gain the ability to think long-term with an in-depth understanding of effective problem solving. Entrepreneurial Thinking • Learn to identify and deliver new value for organizations by utilizing entrepreneurial thinking tools, models and frameworks. • Practice engaging and empowering teams through unique approaches to business. Supply Chain and Business Analysis • Learn how to use quantitative models to transform raw data into impactful information. • Gain the ability to conduct business analysis and integrate results into decision-making. • Understand the role of technology and innovation in leading organizations effectively. People and Organizations • Enhance your understanding of human behaviours in team dynamics. • Gain a greater understanding of the critical role marketing plays in the mind of the consumer. • Explore the economic, political, social and legal factors affecting organizational decisions. Finance and Accounting • Enhance your ability to make sound fiscal decisions using a variety of financial and accounting tools. • Gain a greater understanding of financial markets and their inner workings. • Develop the ability to use economic models in decision-making. 01 6 | Haskayne School of Business Haskayne MBA | 7 Entrepreneurship and Innovation Dive into project-based learning to develop an understanding of the entrepreneurial mindset. You will learn about the startup and development of high-potential businesses, and experience all aspects of entrepreneurship through real-world learning experiences. Marketing Build a solid theoretical foundation and cultivate the skills needed to understand how customers make choices and how firms design products and services. You will learn how to make strategic, market-related decisions to sustain a competitive advantage. Finance Gain an understanding of the theory and methodology of modern finance and its application to the complex problems facing financial executives. You will learn how to make investment decisions, provide counsel about financial opportunities and manage investments. Project Management Apply the management principles from business disciplines to the project environment. You will learn how to strategically incorporate planning, control, scope, time and cost processes, project organization, and human resources into project management. Global Energy Management and Sustainable Development Develop an understanding of the global energy industry and the context for decisions and planning. You will learn concepts, principles and processes to help navigate this sector’s complex and competitive landscape. Business Intelligence and Data Analytics Develop data management skills and conduct statistical analysis, business analysis, and system analysis and design. You will learn about business intelligence and analytic technologies and how best to communicate the data. Management Analytics Deepen your data analysis skills and generate insights and business recommendations. You will learn how to build databased models and communicate datadriven decisions. Real Estate Studies The real estate industry is experiencing technological and environmental changes. You will learn about new trends and how to apply key concepts to land acquisition and development, project financing, real estate law, marketing, and sales and property management. Unique degree specializations and combined programs The Haskayne MBA gives you the opportunity to dig deeper into the topics that appeal most to you by offering eight unique degree specializations to help you gain a competitive edge in your career. 02 Haskayne MBA | 7 “My finance specialization and the global case studies used throughout the Haskayne MBA program have definitely given me an upper hand in my career. Being able to apply what I learned during my MBA classes, especially in the areas of evaluating finance decisions, ranking outcomes and understanding global business concepts, has enabled me to make numerous sound and efficient financial and strategic decisions in my place of work. I am now more confident in the recommendations I make to our CEO as well as members of the board.” Daniella Ikurusi, MBA’16 Executive Director, Bethsaida Foundation 8 | Haskayne School of Business Haskayne MBA | 9 COMBINE YOUR MBA Combining your Haskayne MBA with a graduate degree in another field enables you to develop the skills and knowledge needed to stand out in a highly competitive global market. You will gain the ability to view an issue from multiple perspectives and develop a diverse professional network, creating a unique competitive advantage. The Haskayne MBA can be earned in conjunction with a degree in biotechnology, law, medicine, nursing, planning or public policy. The combination can give you an extraordinary advantage in your career. Doctor of Medicine/Master of Business Administration (MD/MBA) (“Leaders in Medicine” Program) The combined program with medicine positions students to be successful in roles such as entrepreneurship in health sciences, private medical practice or management of public health. Juris Doctor/Master of Business Administration (JD/MBA) The combined program with law positions students to be successful in roles such as practicing law within a corporation, running a private practice or being a business advisor on legal and regulatory environments. Master of Biomedical Technology/ Master of Business Administration (MBT/MBA) The combined program with the Cumming School of Medicine positions students to be successful in roles at the interface of science and industry such as management of health sciences, within regulatory bodies and entrepreneurship in technology. Master of Public Policy/Master of Business Administration (MPP/MBA) The combined program with public policy positions students to be successful in roles at the interface of government and industry such as corporate social responsibility officers, within regulatory bodies and entrepreneurship in non-profit. Master of Planning/Master of Business Administration (MPlan/MBA) The combined program with the School of Architecture, Planning and Landscape positions students to be successful in management and leadership positions in the field of real estate including public engagement, land use and public approvals. “Developing an in-depth understanding of key business principles and building your strategic thinking skills are essential for any lawyer practicing in not only a corporate commercial environment but in any field of law. The knowledge I gained from my courses in the Haskayne MBA program gave me an advantage over my peers and better prepared me to be the lawyer I am today.” William Katz, JD/MBA’16 Associate, JSS Barristers 10 | Haskayne School of Business Haskayne MBA | 11 Immersive and enriched learning experience 03 Adventure Leadership Education Revolutionize your student experience by participating in outdoor learning and other bold adventure-oriented programs in the Canadian Rockies. Develop the skills that empower you to take action and enhance your professional performance. These unique opportunities include a wilderness retreat, dojo martial arts and drum circles. Discover the type of leader you want to be. Case Competitions Join a fiercely competitive team to compete in real-life business cases that cover a variety of business scenarios. You will have the opportunity to expand your network with students and professionals from across the globe. Creative Destruction Lab (CDL) Rockies Experience the evolution of cutting-edge science and learn to accelerate business growth with a laser-focused program where a group of carefully selected and highly successful entrepreneurs and angel investors break down complex business challenges and define high priority measurable objectives to be achieved in eight-week sprints. MBA students have the opportunity to support ventures in business development, market research, financial modeling and scaling strategies. Haskayne Student Experiences Fund (SEF) Enhance your learning experience through the Haskayne Student Experiences Fund, which will help you participate in activities that foster personal and professional development outside of the classroom, nationally and internationally. The SEF has funded experiences including the International Young Leaders Assembly at the United Nations Headquarters, the Silicon Valley Discovery Tour, Women in Business events and new, innovative case competitions. International Exchanges Understand the global context in which business is conducted and expand your personal and professional network on a global scale. The Haskayne School of Business has carefully selected over 20 leading business schools from around the globe to facilitate both full-term and short-term exchanges. Jarislowsky Fellowship in Business Management The Jarislowsky Fellowship in Business Management provides a unique opportunity to enrich your experience through engaging with successful leaders in business and in the social and public sectors. You will be exposed to a holistic business perspective through community involvement, arts, international culture, politics and diversity. Through events and networking opportunities, you will better understand the many factors that create a successful business. Jane Zhang, MBA’16 Co-Founder and COO, ETCH Sourcing “The Haskayne MBA program really allows you to get what you want out of your student experience. I wanted to further my international business experience and build unforgettable relationships, so I did two exchanges, one to Germany and one to England, participated in the Global Business Challenge and took both the Finance and Global Energy Management and Sustainability degree specializations. Through experiencing and learning new ways of living, doing business and thinking, I was able to elevate my approach to business.” At Haskayne, learning is not limited to the classroom. The Haskayne MBA program offers diverse and innovative opportunities for you to enrich your MBA experience. 12 | Haskayne School of Business Haskayne MBA | 13 Haskayne programs for the emerging leader to the experienced professional Did you know that the Haskayne School of Business offers a variety of specialized degree programs and enhanced learning opportunities? Learn more about the Master of Management, Executive MBA, Master of Science in Sustainable Energy Development, Doctor of Business Administration and PhD program at haskayne.ucalgary.ca “Taking the Haskayne MBA evening program allowed me to take my learnings from class and practice them in my work environment the very next day. I was able to transition quickly into conversations about finance, strategy and organizational effectiveness simply by being mindful of the discussions from class the day before. Transversely, we used real-life scenarios from our professional lives and worked through strategies to solve issues with our classmates – it was like having a coach and a support team with new tools to practice each day.” Joanna Desjardins, MBA’12 Sr. Specialist, Business and Corporate Development, Cenovus Flexible programs The Haskayne School of Business has developed various MBA program delivery options to help you find a program best tailored to your needs. Daytime MBA Through 20 months of intensive full-time study and real-world projects, you will hone your leadership capabilities while gaining valuable insight and experience into today’s modern business environment. Starting in September, you will be in class full-time, allowing you to fully immerse yourself in the MBA experience. You will have the chance to get involved in numerous extracurricular activities including case competitions, conferences, international exchanges, speaker series and more. You may choose a specialization after the first year and consider doing a combined degree with another faculty. Evening MBA The evening program is structured to allow you to continue working while completing your MBA in three years. Beginning each September, you will take classes two evenings a week plus one intensive block-week every semester. Our practical approach means you can apply new skills immediately to your workplace. Projects are designed to create visibility and opportunities for you within your organization. You may also choose a specialization, participate in the mentorship program and qualify for an international exchange. Accelerated MBA Option for Business Graduates Built specifically for graduates of business programs, the accelerated MBA option provides students with the opportunity to reduce their program length in half. Upon meeting the admission requirements, you are eligible for nine course exemptions bringing your total MBA course requirement to 11 courses. You are required to take three core courses that build and develop your strategic thinking and leadership skills. The remaining eight electives are an opportunity to specialize and tailor your degree to your interests and career goals. 04 Haskayne programs for the emerging leader to the experienced professional Did you know that the Haskayne School of Business offers a variety of specialized degree programs and enhanced learning opportunities? Learn more about the Master of Management, Executive MBA, Master of Science in Sustainable Energy Development, Doctor of Business Administration and PhD program at haskayne.ucalgary.ca BLOCK WEEK At the beginning of the Fall, Winter and Spring semesters, before the start of regular classes, some courses are offered in a short intensive format over the course of five days. This allows you to finish one class prior to the beginning of each semester, thus reducing your program length. 14 | Haskayne School of Business Haskayne MBA | 15 Connected and supportive network As a Haskayne MBA student, you will have access to a large and supportive network of people here to help facilitate your educational growth and career advancement. Haskayne Career Centre A career team that offers customized career coaching. The Haskayne Career Centre has dedicated MBA Career Consultants focused on supporting you as you build and advance your career. Take advantage of a one-on-one career consultation in which you can fine-tune your interview and resumé writing skills, as well as gain the tools you need to build a network of business contacts. To accommodate your personal and professional schedules, you also have the flexibility of meeting consultants at Scurfield Hall on main campus, or at our downtown campus location. Other opportunities offered by the Haskayne Career Centre include: • Career webinars • Crack the case workshops • Career fairs • Office tours • LinkedIn personal profile enhancements The BMO Mentorship Program at the Haskayne School of Business A unique and valuable opportunity to be paired with an established member of the Calgary business community. This is an excellent way for you to build and develop your professional identity through networking and gaining insight into industry. Haskayne Alumni Network Get connected to Calgary and Canada’s business community. As a Haskayne MBA student, you will have access to one of the most influential alumni networks in Canada as you advance your career. Take this exceptional opportunity to form relationships with, and learn from, Haskayne’s 27,000 alumni across 90 countries. 05 16 | Haskayne School of Business Haskayne MBA | 17 “As an international student from India, becoming part of the Calgary community and Haskayne family was a wonderful experience filled with academic progress, professional development and, above all, network enhancement. I turned my Haskayne MBA into an experience, not merely an academic degree. I became a student representative for the career centre, participated in ICBC case competitions, and went to several networking opportunities and career fairs. I cherished working in teams on real-life, case-based projects, with a cohort diverse in cultures and international experience.” Prakash Kandala , MBA’14 Associate, Castleton Commodities International (former) Access to one of Canada’s most dynamic business communities One of Canada’s most dynamic and enterprising cities, Calgary attracts the best and the brightest workforce from around the globe. It boasts one of Canada’s most educated populations 1 and has the most head offices per capita in Canada 2 . Calgary also has the second highest small business concentration of major cities in Canada 3 and is the third most diverse metropolitan area in Canada 4 . Ranked as one of the top five best cities to find a job out of 100 global cities 5, it’s no wonder Calgary is among the best places to live in Canada. Calgary is ranked as the cleanest, safest, and most liveable city in North America and has some of the most affordable living and stable healthcare and education in the country 6 . Calgary is a city with a strong sense of community, collaboration and support and is a great place to start or grow your career. Calgary is the perfect place to live, work and learn. 1. Calgary CMA, Census 2016, Statistics Canada | 2. FP500 Database, 2018 | 3. Statistics Canada, 2017 | 4. Census 2016, Statistics Canada | 5. Cities of Opportunity: Best Cities to Find a Job, Movinga, 2018 | 6. Calgary Economic Development, 2019 06 18 | Haskayne School of Business Haskayne MBA | 19 #5 #3 #2 CALGARY IS RANKED: 1. City Health Monitor, The Conference Board of Canada, 2016 | 2. fDi American Cities of the Future, 2017-2018 | 3. Economist Intelligence Unit, 2019 in healthy lifestyle and life satisfaction in Canada1 North America’s top business-friendliness cities2 most liveable city in the world3 Two years of progressive work experience 2 after graduation A TOEFL score of 97 or higher - or - an IELTS score of 7 or higher (applicants for whom English is a second language) Successful completion of a four-year undergraduate degree* (minimum 3.00/4.00 GPA) GMAT score of 550 YEARS Admissions Application to the Haskayne MBA is competitive and based on a holistic review of each applicant’s academic documentation, letters of reference, statement of career and learning goals, and professional resumé. TUITION AND FUNDING: For current tuition and funding information please visit our website at haskaynemba.ca APPLICATION DEADLINES: We offer acceptance to the Haskayne MBA program through several admissions rounds. Scholarship and award decisions are made alongside admissions decisions. To have the best chance of admission to the program, applicants are advised to submit their complete package as early as possible, as the program may be full prior to final application deadlines. For more information on application deadlines, please visit haskaynemba.ca. ADMISSION REQUIREMENTS: *Please note: For the Accelerated MBA program, a four-year business undergraduate degree is required. “where big ideas come to life and bold leaders thrive” Vision Mission “we create innovative research, unparalleled learning opportunities and meaningful engagement with our community” Where do you go from here? CONNECT WITH US: Arrange a one-on-one appointment with our admissions team or contact us with any questions you may have. mba@haskayne.ucalgary.ca LEARN MORE AND APPLY NOW: haskaynemba.ca Contact us Haskayne School of Business Master of Business Administration 2500 University Drive NW Calgary, AB T2N 1N4 CANADA haskaynemba.ca Apply today haskaynemba.ca
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?
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 sustainability Article An Explanatory Study of MBA Students with Regards to Sustainability and Ethics Commitment Marian Buil 1,*, Juan Pedro Aznar 2 , Jorge Galiana 3 and Alba Rocafort-Marco 4 1 Entrepreneurship and Innovation Department, Escola de Ciències Socials i de l’Empresa-Tecnocampus, Universitat Pompeu Fabra, Mataró 08302, Spain 2 Economy, Accounting and Finance Department, ESADE Business & Law School, Barcelona 08034, Spain; juapedro.aznar@esade.edu 3 Accounting Department, LaSalle Barcelona, EAE Business School, Universitat Politècnica de Catalunya, 08015 Barcelona, Spain; jgaliana@ub.edu 4 Politics, Philosophy and Economics Departament, University of Manchester, Manchester M13 9PL, UK; albarocafort@gmail.com * Correspondence: mbuil@tecnocampus.cat; Tel.: +34-670677288 Academic Editor: Giuseppe Ioppolo Received: 15 January 2016; Accepted: 11 March 2016; Published: 18 March 2016 Abstract: (1) Background: The consequences of the recent economic crisis have shown the need for promoting certain key skills in future entrepreneurs to create enterprises that are capable of producing added value, generating employment and remaining solvent or growing in a competitive and highly volatile environment. Therefore, the issue is not simply a matter of creating more businesses, but rather, a model based on organizations with strong sustainable values in the long term. (2) Methods: The originality and new approach of this article is to establish, through an empirical approach, the link between the entrepreneurial skills and environmental and social commitment in times of crisis. Based on the analysis of a questionnaire answered by MBA students and using structural equation modelling, the relation between entrepreneurial skills, social and environment commitment are tested. (3) Results: The statistical analysis proved the existence of a positive relation between entrepreneurs’ skills and environmental and social commitment pointing out the importance of sustainability commitment as a source of high added value activities. (4) Conclusion: The paper demonstrates that investing in the promotion of entrepreneurial skills in education systems has positive effects on how future entrepreneurs will manage their firms. Therefore, this sustainably depends on the present education policies. Keywords: entrepreneurship skills; social commitment; environmental commitment; sustainability; ethics 1. Introduction The consequences of the recent economic crisis have shown the need for promoting certain key skills in future entrepreneurs to create enterprises that are capable of producing added value, generating employment and remaining solvent or growing in a competitive and highly volatile environment. Such an example is the European Commission’s statement, which in mid-2009, already considered that developing an economic, social and educational environment that fostered entrepreneurial skills among young people and that provided a proper environment for entrepreneurship was the main action plan to combat youth unemployment [1]. To that end, countless measures have gone into effect in Spain, with more or less success, starting with Act 14/2013 of Support to Entrepreneurs and Investors (Ley de Emprendedores) promoted by the Government of Zapatero and ending with a large number of programs of study and university studies adapted and more oriented to the labor market and entrepreneurship [2–4]. Sustainability 2016, 8, 280; doi:10.3390/su8030280 www.mdpi.com/journal/sustainability Sustainability 2016, 8, 280 2 of 13 However, in taking a first glance at the media, one may observe that the global economic and financial crisis has resulted in a marked crisis of values, a certain lack of ethics and, in some cases, a significant disregard for the legal, environmental and even social setting [5–9]. International cases, such as Volkswagen (prosecution falsifying pollution levels in some of their models) and Lehman Brothers (product commercialization without any ethical consideration), or national cases, such as Bankia (they sold toxic financial products), highlight that, in times of crisis, certain business leaders place their self-interest above the interests of other stakeholders and, naturally, above those of the general public. They prioritize results based on individual benefits over stakeholder or customer interests, with scarce considerations in terms of sustainability or ethics. This phenomenon is the so-called short-term culture [10–13]. Therefore, the issue is not simply a matter of creating more businesses, but rather, a model based on organizations with strong sustainable values in the long term. Confronting this dichotomy, the present study aims to clarify the effects of promoting entrepreneurial skills in future leaders and, more precisely, to observe whether, in a crisis environment, negative consequences prevail in the form of short-termism for the future entrepreneur/manager or, on the contrary, whether entrepreneurial skills have a positive effect on the future entrepreneur/manager’s perception as regards managerial sustainability, which is defined as the achievement of economic goals that are socially and environmentally responsible [14–16]. A survey was developed and distributed to contrast the present theory. A total of 339 students who had taken a Master’s of Business Administration (MBA) in 2013–2014 and 2014–2015 responded to this survey; they were asked about relevant aspects related to entrepreneurial skills, the commitment to the environment and the commitment to society. It is precisely in this respect that the present study adds value to the existing academic literature. [17] emphasize the scarcity of studies relating entrepreneurial skills to social and environmental values in different environments and the lack of articles focused on sustainable entrepreneurship from the perspective of the organizational leader’s skills and values instead of the traditional managerial perspective. MBA students present a suitable profile for performing this type of study, because their academic background is very diverse, and additionally, once they finish their studies, they typically perform tasks in which entrepreneurial skills are very present [18], either because some of the MBA students decide to create their own business or because they tend to be employees occupying executive positions. The analysis of aspects related to skills and entrepreneurial initiative has already been explained in prior studies with MBA students [19–22]. This article makes a series of original contributions to research conducted in different ways. First, the study analyzes the impact of entrepreneurial skills on the disposition to begin a sustainable business venture. Second, it also analyzes a group destined to be an essential part of the future business sector: MBA students. Third, it performs an empirical study in a crisis environment. Forth, the study incorporates a methodological novelty by utilizing a second-order construct that adds the primary entrepreneurial skills to the model to contrast. Fifth and finally, it introduces future lines of research that, to date, have not been addressed and may provide useful and necessary information for a proper definition of the public policies intended to promote the creation of sustainable enterprises. The rest of the article is organized as follows. Section 2 offers a literature review regarding entrepreneurial skills and sustainability. Section 3 describes the methodology through an empirical study. Section 4 presents a quantitative analysis. The last section of this document is devoted to the analysis of the obtained results, the conclusions based on the empirical study and the proposals for future lines of research. Sustainability 2016, 8, 280 3 of 13 2. Literature Review 2.1. Entrepreneurial Skills in a Crisis Environment Economic crises are a recurring subject in economics [23]. They are characterized by periods of limited growth, recession or stagnation of the GDP (gross domestic product), with consequences in the distribution of resources and a range of social effects [24]. During the years 2008 and 2009, the global economy experienced its most severe financial crisis since the 1930s [25–27]. This recession led to the collapse and government bailout of some of the most important financial institutions in Europe and the U.S., in some cases, forcing the partial nationalization of these institutions, in addition to the reformulation of the main monetary and fiscal policy programs and the adoption of structural measures [28,29]. The effects of this crisis have been thoroughly studied in the literature, although there is no consensus on establishing how the economic crisis affects entrepreneurial activities. According to [24], the crisis situation may act as an agent of change for discovering new opportunities and generating innovation. However, for other authors, such as [30], crisis situations negatively affect entrepreneurial attitude, reducing the recognition of new opportunities and the investment in innovation; therefore, one of the characteristics observed is the decline in entrepreneurship in these moments of crisis [31]. Other studies regarding the crisis conclude that, in times of deep recession, businesses adopt a series of internal measures to maintain their profitability [32] and ensure their long-term survival. Some of the internal measures described by [32] are imitated by entrepreneurs who create enterprises in times of crisis [33]. In addition to the internal measures, several external factors favor the creation of enterprises in certain areas and cities, such as policies supporting entrepreneurial initiative [34] To outline policies that foster entrepreneurship [4], one must be aware of basic competences, so that entrepreneurs can perform their role efficiently. In this context, a thorough understanding of such skills helps guide educational policies and curricula, taking into account the growing weight of the subjects and content related to the entrepreneur’s skills and the entrepreneurial projects not only in business schools and economics and business faculties, but also in the field of science [2,3,21]. Due to the increasing significance of entrepreneurship in the educational system, the question that arises is which entrepreneurial skills are required and which educational approach is the best. In one of his most cited studies on entrepreneurial skills, [18] concludes that, for the entrepreneur to be successful in an entrepreneurial initiative process, he or she does not require a single skill, but a set of skills that should show a certain balance amongst them. Amongst these required competences, three major entrepreneurial skills, recognized by the academic literature, can be distinguished. [35] propose three basic skills that are necessary to perform a successful entrepreneurial task. One skill is the competency of alertness, which measures the entrepreneur’s ability to recognize new business opportunities where others cannot identify them. The second is the creative competency, which measures the ability to provide a different and innovative approach when faced with a new problem; and finally, there is self-consciousness, which is a competency of self-criticism and the ability to evaluate your own ideas and the ideas of others with the aim of improving. The available empirical evidence shows that students who possess such entrepreneurial skills generally obtain more rapid entry into the job market than those who do not possess them, added to the fact that their positions match their academic and competency-based profile, reducing youth unemployment generated by the economic crisis [4]. Therefore, based on the existing literature, the following hypotheses are proposed: H1: Creativity is a part of the basic competencies that an entrepreneur should possess, and therefore, it has a direct and positive effect on entrepreneurial skills. H2: Alertness is a part of the basic competencies that an entrepreneur should possess, and therefore, it has a direct and positive effect on entrepreneurial skills. Sustainability 2016, 8, 280 4 of 13 H3: Self-consciousness is a part of the basic competencies that an entrepreneur should possess, and therefore, it has a direct and positive effect on entrepreneurial skills. 2.2. Sustainability Sustainability references the transformation of an organization’s management model towards the achievement of economic goals in a socially- and environmentally-responsible manner [14,16]. Management is not any more about trying to maximize profits. Some practices by managers during the financial crisis without taking into account environmental and ethical considerations have been overwhelmingly rejected by the society. There is an increasing demand for leadership and management that considers social objectives and includes in the definition of the company aims some related to the environment. Through their innovations and business practices, businessmen and entrepreneurs with a profound sensitivity to sustainability have an impact on greater social awareness about other ways of managing and determining organizational goals [17]. The introduction of environmentally-responsible objectives and social aims into their business facilitates long-term sustainability and has positive effects on customers and society. Therefore, the term sustainable entrepreneurship has been introduced to refer to entrepreneurs who incorporate these concerns into their way of acting. Sustainable development is characterized by activity that is less focused on models of management and technical procedures and more oriented toward personal initiative and the individual or entrepreneurial group skills to achieve corporate success and social change through social and environmental innovation [14,36]. Therefore, in addition to their entrepreneurial skills, sustainable entrepreneurs should possess an environmental and social consciousness [37]. The combination of entrepreneurial skills and environmental and social commitment enables sustainable entrepreneurs to consider their professional life as a creative act [38]. In addition, these entrepreneurs possess the capacity to modify and prioritize organizational goals so that social and environmental objectives become a relevant part of the organizational objectives. Consequently, sustainable entrepreneurship is performed by innovative businesses that offer products and services with social and environmental benefits to a specific portion of the market who value these benefits [39], for example green consumers [40]. Sustainable entrepreneurship includes both social and environmental aspects, and both have been analyzed by the existing academic literature. On the one hand, the literature on social entrepreneurship defines it as the achievement of social objectives and its financing [41–49], thus contributing to solving social problems and creating value for society [17]. On the other hand, the literature on environmental entrepreneurship defines it as the search for profitable business opportunities that solve environmental problems [50–54]. Both social and environmental entrepreneurs have effects that go beyond their business, playing the role of social change agents, as well. This type of entrepreneurship has recently emerged as a managerial initiative that contributes to sustainable development, including both social and environmental aspects [55–59]. However, contrary to the above-mentioned literature regarding sustainability, there are certain studies that state that, in times of crisis, short-term goals related to personal survival prevail over ethical, social or environmental aspects [10–13]. Therefore, based on the contribution made by most of the existing literature, future managers should possess entrepreneurial skills and environmental and social commitment, which contribute to the sustainability of the firm. Accordingly, the following hypotheses are proposed: H4: The entrepreneurial skills possessed by entrepreneurs have a direct and positive effect on their environmental commitment. H5: The entrepreneurial skills possessed by entrepreneurs have a direct and positive effect on their social commitment. To summarize, Figure 1 displays the model to be contrasted. The model suggest the existence of a relation between entrepreneurial skills that can be understood as a combination of at least three Sustainability 2016, 8, 280 5 of 13 different skills (creativity, alertness and self-consciousness); and environmental and social commitment by entrepreneurs and managers. The existence of such a relation would be important because firm performance and community welfare increase when firms make a decision and define strategies including these two dimensions. Sustainability 2016, 8, 280 5 of 13 Figure 1. Model to be contrasted. CREAT, creativity; CONC, self‐consciousness; ENV, environment; ENT, Entrepreneurial; SOC, social; COM, commitment. 3. Methodology 3.1. Sample and Data Collection With the aim of contrasting the hypotheses noted above, a sample of 339 students who obtained a Master’s in Business Administration (MBA) at Spanish universities during the 2013–2014 and 2014–2015 academic years has been analyzed. In the academic literature regarding entrepreneurship, it is commonplace to utilize MBA students as study subjects because these students have chosen studies that allow them to hold managerial and decision‐making positions, and they are supposed to embark on entrepreneurial efforts for themselves or for others. As examples of the academic literature using MBA students to contrast the entrepreneurial hypotheses, the authors who can be cited include [19,20]. In terms of academic studies, work experience and scope of employment, the main characteristics of the students in the sample are displayed in Table 1. These students completed a survey composed of different items that intended to value the different skills that an entrepreneur should possess, in addition to the social and environmental commitment of each respondent, all in accordance with the relevant academic literature in this area. The design of the survey took into account prior surveys documented by the academic literature. Answers to the questions are established according to a 7‐point Likert scale with values ranging from 1–7, 7 being the highest degree of identification with the proposed question. Table 2 displays the mean values for the different questions that help define the three skills under consideration and social and environmental commitment. Table 1. Profile of survey respondents. Variable N = 339 Age: mean 38 Education level: ‐ University degree/Bachelor’s degree 78.59% ‐ Master’s or Ph.D. 18.24% ‐ Other 3.17% Work experience: ‐ <1 year 10.03% ‐ Between 1 and 5 years 19.77% ‐ Between 5 and 10 years 54.62% ‐ >10 years 15.58% Current job: ‐Executiveteam65.49%Figure 1. Model to be contrasted. CREAT, creativity; CONC, self-consciousness; ENV, environment; ENT, Entrepreneurial; SOC, social; COM, commitment. 3. Methodology 3.1. Sample and Data Collection With the aim of contrasting the hypotheses noted above, a sample of 339 students who obtained a Master’s in Business Administration (MBA) at Spanish universities during the 2013–2014 and 2014–2015 academic years has been analyzed. In the academic literature regarding entrepreneurship, it is commonplace to utilize MBA students as study subjects because these students have chosen studies that allow them to hold managerial and decision-making positions, and they are supposed to embark on entrepreneurial efforts for themselves or for others. As examples of the academic literature using MBA students to contrast the entrepreneurial hypotheses, the authors who can be cited include [19,20]. In terms of academic studies, work experience and scope of employment, the main characteristics of the students in the sample are displayed in Table 1. Table 1. Profile of survey respondents. Variable N = 339 Age: mean 38 Education level: - University degree/Bachelor’s degree 78.59% - Master’s or Ph.D. 18.24% - Other 3.17% Work experience: - <1 year 10.03% - Between 1 and 5 years 19.77% - Between 5 and 10 years 54.62% - >10 years 15.58% Current job: - Executive team 65.49% - Entrepreneurs/other 34.51% Sustainability 2016, 8, 280 6 of 13 These students completed a survey composed of different items that intended to value the different skills that an entrepreneur should possess, in addition to the social and environmental commitment of each respondent, all in accordance with the relevant academic literature in this area. The design of the survey took into account prior surveys documented by the academic literature. Answers to the questions are established according to a 7-point Likert scale with values ranging from 1–7, 7 being the highest degree of identification with the proposed question. Table 2 displays the mean values for the different questions that help define the three skills under consideration and social and environmental commitment. Table 2. Measures of the variables that form the model. Dimension Code Definition Average Alertness ALERT1 Frequent interactions with third parties to acquire new information 4.51 ALERT2 I pay attention to new business opportunities 4.66 ALERT3 I actively search for new information 5.00 ALERT4 I maintain ongoing contact with resource centers (chambers of commerce, business incubators, etc.) 4.23 Creativity CREAT1 My point of view is often different from that of others 4.78 CREAT2 I often provide new ideas and approaches for different problems 4.75 CREAT3 I see relationships between parts that are apparently unrelated 4.62 CREAT4 I am good at connecting different points of view 4.27 Self-Awareness CONC1 Detecting business opportunities is inherent to my personality 4.84 CONC2 I have an intuition regarding potential opportunities 3.59 CONC3 I can distinguish between profitable and unprofitable opportunities 4.63 Social Commitment SOC COM1 I strongly believe in job preservation and the positive effect of a good work environment 5.81 SOC COM2 I believe businesses should offer equal compensation to people who perform the same task 5.41 SOC COM3 Businesses should be committed to their community 4.86 Environmental Commitment ENV COM1 I do not understand a business that does not have a sustainable environmental approach 5.14 ENV COM2 Employees should be trained and encouraged to promote positive environmental initiatives 4.66 ENV COM3 I believe in environmental marketing 4.54 ENV COM4 Businesses should quantify environmental savings and costs 5.37 3.2. Measures The literature review has helped determine the variables that compose the model to contrast; thus, the different items have been grouped in Table 2, measuring each variable according to the items detailed below: ‚ Alertness (ALERT): frequent interactions with third parties to acquire new information; being alert to new business opportunities; and active search for information and ongoing contact with resource centers related to entrepreneurship, such as chambers of commerce, business incubators, universities, Research Results Transfer Offices, etc. ‚ Creativity (CREAT): the diversity of approaches when facing a situation; the emergence of new ideas for different problems; the ability to relate parts with no apparent connection; and the ability to connect different points of view. Sustainability 2016, 8, 280 7 of 13 ‚ Self-consciousness (CONC): the inherent ability to recognize business opportunities; intuition regarding potential opportunities; and the ability to distinguish between profitable and unprofitable opportunities. ‚ Social commitment (SOC COMM): the belief in job preservation and the positive effects on the work environment; equal pay for equal work; and the commitment of the business to the community where it operates. ‚ Environmental commitment (ENV COMM): training and encouraging employees to promote positive environmental initiatives; the belief in environmental marketing; and quantifying business environmental savings and costs. 4. Results The statistical analysis was divided into two distinct parts. Through a factor analysis of the survey variables, the first part aimed to determine the different dimensions that formed the model to contrast. Once the dimensions were defined, the second part aimed to test the validity of the proposed model through structural equations. The work performed in each of these parts is detailed below. 4.1. Factor Analysis Based on an exploratory factor analysis (EFA), the variables that best explained each of the dimensions that form the model were selected. In addition, as indicated in the literature [60], the variables with values lower than 0.5 were eliminated from the model. As a result of this first analysis, it can be observed that the variables were grouped into five different dimensions. Once the composition of the dimensions was determined, each dimension was subjected to a confirmatory factor analysis (CFA) to refine each construct. Drawing from this analysis, several factors were eliminated because they did not surpass the threshold value of 0.7 demanded by the literature, reducing the model to 18 factors and five dimensions. These dimensions were subjected to analysis through Cronbach’s alpha, which in all cases surpassed the required value of 0.7 [61]. The penultimate stage for this first part was an analysis of the consistency, reliability and convergent validity of the dimensions. In all cases, the internal consistency surpassed 0.6 [62]; the average variance extracted (AVE) surpassed 0.5; and convergence validity was confirmed based on [63]. The results and main statistics from this first part may be observed in Table 3: Sustainability 2016, 8, 280 8 of 13 Table 3. Factor analysis of the dimensions. AVE, average variance extracted. Dimension Code CFA Internal Consistency and Reliability Statistics Alertness ALERT1 0.767 ALERT2 0.803 Cronbach’s alpha: 0.828 ALERT3 0.812 Composite reliability: 0.878 ALERT4 0.822 AVE: 0.642 Creativity CREAT1 0.756 CREAT2 0.784 Cronbach’s alpha: 0.809 CREAT3 0.816 Composite reliability: 0.871 CREAT4 0.815 AVE: 0.629 Self-Awareness CONC1 0.781 Cronbach’s alpha: 0.812 CONC2 0.776 Composite reliability: 0.829 CONC3 0.802 AVE: 0.618 Social Commitment SOC COM1 0.763 Cronbach’s alpha: 0.821 SOC COM2 0.808 Composite reliability: 0.837 SOC COM3 0.812 AVE: 0.631 Environmental Commitment ENV COM1 0.796 ENV COM2 0.777 Cronbach’s alpha: 0.808 ENV COM3 0.785 Composite reliability: 0.867 ENV COM4 0.791 AVE: 0.620 Finally, once the dimensions were defined and tested, a final discriminant validity analysis was conducted, demonstrating in all cases that each construct was more related to its own dimensions rather than to the dimensions of the other constructs. Table 4 shows the statistics that confirm this situation. Table 4. Discriminant validity. Alert Creat Conc Soc Com Env Com Alert 0.801 * Creat 0.488 0.793 * Conc 0.315 0.311 0.786 * Soc Com 0.598 0.402 0.546 0.795 * Env Com 0.253 0.411 0.186 0.304 0.787 * * Square root of the AVE in the diagonal. 4.2. Contrast of the Model Via EQS 6.1 software (Multivariate Software, Inc., Temple City, CA, USA) and utilizing the robust model of structural equations, the validity of the proposed model was tested, confirming its aptitude through the observation of the main statistics. According to the literature, [64] establish that having three statistics available among the recommended values is sufficient to test the validity and the explanatory ability of the defined models in accordance with this methodology. This model surpasses the minimum requirements, proving the model’s robustness and explanatory power. Table 5 shows the results for the main statistics and their ideal values according to the literature. Sustainability 2016, 8, 280 9 of 13 Table 5. Main statistics. Statistics Result Ideal Value x 2/degrees of freedom 2.730 <3 BB-NFI (Bentler–Bonnet normed fit index) 0.863 >0.8 BB-NNFI (Bentler–Bonnet non-normed fit index) 0.919 >0.9 CFI (comparative fit index) 0.921 >0.9 RMSEA (root mean square error of approximation) 0.082 <0.06 * Satorra–Bentler-scaled chi-square. To conclude the section regarding the results and as a summary, Figure 2 represents the model and the statistics of the causal relationships derived from this model. Via EQS 6.1 software (Multivariate Software, Inc., Temple City, CA, USA) and utilizing the robust model of structural equations, the validity of the proposed model was tested, confirming its aptitude through the observation of the main statistics. According to the literature, [64] establish that having three statistics available among the recommended values is sufficient to test the validity and the explanatory ability of the defined models in accordance with this methodology. This model surpasses the minimum requirements, proving the model’s robustness and explanatory power. Table 5 shows the results for the main statistics and their ideal values according to the literature. Table 5. Main statistics. Statistics Result Ideal Value x2/degrees of freedom 2.730 <3 BB‐NFI (Bentler–Bonnet normed fit index) 0.863 >0.8 BB‐NNFI (Bentler–Bonnet non‐normed fit index) 0.919 >0.9 CFI (comparative fit index) 0.921 >0.9 RMSEA (root mean square error of approximation) 0.082 <0.06 * Satorra–Bentler‐scaled chi‐square. To conclude the section regarding the results and as a summary, Figure 2 represents the model and the statistics of the causal relationships derived from this model. Figure 2. Standardized solution of the causal model. ** p‐value significant at the 0.05 level. 5. Analysis of the Results and Conclusions The statistical analysis validates all of the hypotheses proposed in the present study. First, it is important to highlight that, as suggested by [35], entrepreneurial skills, i.e., creativity, alertness and self‐consciousness, have a strong presence in future entrepreneurs, mainly the skills of creativity and awareness. The obtained results prove the validity of Hypotheses H1, H2 and H3 and reaffirm the results obtained in other works, such as that by [24]. Future business leaders who were trained in times of crisis possess a greater ability to detect new business opportunities that were most likely not previously considered [37]. In addition, the present study seems to indicate that the subjects of the study have developed an inherent ability to solve problems and face difficult situations by applying differential perspectives as a consequence of an adverse environment. It seems logical that, in a crisis environment where adversities prevail over good news, any actor who works efficiently in this environment can develop the required skills to confront these problems. In this manner, creativity prevails as a basic entrepreneurial skill in hostile environments. Everything seems to indicate that educational policies, such as reorienting programs of study and public policies for entrepreneurial development, have at least managed to maintain the main Figure 2. Standardized solution of the causal model. ** p-value significant at the 0.05 level. 5. Analysis of the Results and Conclusions The statistical analysis validates all of the hypotheses proposed in the present study. First, it is important to highlight that, as suggested by [35], entrepreneurial skills, i.e., creativity, alertness and self-consciousness, have a strong presence in future entrepreneurs, mainly the skills of creativity and awareness. The obtained results prove the validity of Hypotheses H1, H2 and H3 and reaffirm the results obtained in other works, such as that by [24]. Future business leaders who were trained in times of crisis possess a greater ability to detect new business opportunities that were most likely not previously considered [37]. In addition, the present study seems to indicate that the subjects of the study have developed an inherent ability to solve problems and face difficult situations by applying differential perspectives as a consequence of an adverse environment. It seems logical that, in a crisis environment where adversities prevail over good news, any actor who works efficiently in this environment can develop the required skills to confront these problems. In this manner, creativity prevails as a basic entrepreneurial skill in hostile environments. Everything seems to indicate that educational policies, such as reorienting programs of study and public policies for entrepreneurial development, have at least managed to maintain the main entrepreneurial skills in business leaders and future entrepreneurs, despite the adverse effect that the crisis could cause on these individuals, as noted in the literature [4,65–68]. However, the main contribution of the present study lies in the fact that it confirms that entrepreneurial skills are positively related to a greater environmental commitment and socially responsible management. The statistical analysis validates Hypotheses H4 and H5, which assert the existence of a positive relationship between entrepreneurial skills and entrepreneurs’ social and Sustainability 2016, 8, 280 10 of 13 environmental commitment. Therefore, it is clear that future leaders bet on sustainability as a business model and that the crisis did not make them eliminate these two ethical values from their business scope. The present study cannot claim that the crisis was beneficial or detrimental to social and environmental commitment, given that the methodology applied and the available data do not allow such an analysis. However, the study can affirm that the crisis has not affected these basic values and can also affirm that entrepreneurial skills have a positive effect on management as regards business ethics. Environmental commitment and a business that takes into account social aspects represent significant positive externalities and are aligned with a growing opinion trend in favor of another type of resource management, wherein general interests prevail over self-interest. It involves a social commitment demanded by a growing fraction of the population, for whom consumers or workers value a business commitment beyond the generation of profits. The increasing significance of corporate social responsibility is a clear example of this trend. The obtained results allow for certain recommendations that can guide decisions on educational policies and continuing training. On the one hand, there is the need for programs of study and teaching methodologies that take into account the promotion of entrepreneurial skills, in addition to the necessary reflection on the social and environmental implications of the different types of management. On the other hand, in the current context of continuous change, growing youth unemployment and economic crisis, continued training becomes a relevant tool. The opportunity cost associated with the use of these resources implies the need for managerial efficiency. The results of this study suggest that training in entrepreneurial skills could improve students’ abilities to find a job or start a business venture [4] and also helps them to manage businesses following the values demanded by our society. Consumers are demanding from companies that the firm has behaved considering its environmental and social impact [69], but also, there is an increasing number of rules and new regulations that push in favor of this commitment (World Business Council for Sustainable Development, 2000 [70]). The balance between regulation and consumers’ demands depends on the cultural and social context. Europe is a clear example with some common regulations according to the European Union regulation, but different pressure from consumers depending on the country. Public policies will increasingly take into account the UN sustainable development goals. Entrepreneurs have to consider that our cities and communities must be sustainable, be aware of the climate change effects of our decisions in terms of productive process and consumer behavior and the importance of reducing social inequalities, for instance facilitating access to new technologies, or education to everyone, or to promote gender equality inside the organizations. The way we teach our future managers needs to include that they learned how to take into account these items in their decision-making process. These development goals do not only apply to education, the industrial policy designed to support the growth of small and medium-sized companies also will consider the contribution of these firms to the goals of common society. This study invites future studies on the subject. For example, it might be interesting to add other constructs to the model, more precisely in its final section, analyzing the effect of entrepreneurial skills not only on social and environmental commitment, but also on the commitment to quality management practices, fulfilling the triple bottom line business model. Another possibility might be to segment the sample by gender or source study to detect possible differences between sub-samples. Finally, it is important to note that this study is subject to the limitations of the methodology employed. The main limitation resides in the fact that the surveys were conducted in a certain area; thus, it might be difficult to extrapolate the results to other countries due to the different economic situations or legal environments. Acknowledgments: The authors would like to thank the anonymous reviewers for their contributions. 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