Ivey Business School

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Ivey Business School
Richard Ivey School of Business logo.jpg
Motto To Develop Business Leaders Who Think Globally, Act Strategically And Contribute To The Societies In Which They Operate.
Established 1922 (1922)
Type Faculty (Business School)
Parent institution University of Western Ontario
Dean Robert E. Kennedy (Ivey Business School)
Academic staff 108
Undergraduates 1200
Postgraduates 300
Location London, Ontario, Canada
43°00′27″N 81°16′22″W / 43.00759°N 81.2728°W / 43.00759; -81.2728Coordinates: 43°00′27″N 81°16′22″W / 43.00759°N 81.2728°W / 43.00759; -81.2728
Website www.ivey.uwo.ca

Ivey Business School (Ivey) is a top-ranked business school of Western University, a research-intensive university located in London, Ontario, Canada. Its full-time MBA program is ranked 1st internationally by Bloomberg Businessweek, placing it among the most prestigious business schools in Canada and the world.[1]

Ivey offers full-time undergraduate (HBA), MBA, MSc, and PhD programs and also maintains two teaching facilities in Toronto and Hong Kong for its EMBA and Executive Education programs. As one of the oldest business schools in Canada, Ivey is also accredited with establishing the nation's first MBA and PhD program in Business.[2]

The first business degrees were granted at Western University (then University of Western Ontario) in 1923.[3] The business school was officially created in 1950, when Western University created a separate faculty as the School of Business Administration. In 1995, the school was renamed the Richard Ivey School of Business after an $11 million donation by the Richard M. Ivey family. The school is named after Richard G. Ivey (father of Richard M. Ivey). In 1998, Ivey was the first North American business school to open a campus in Hong Kong offering an Executive MBA program at the Cheng Yu Tung Management Institute.[3] Ivey's current dean is Bob Kennedy,[4] with a full-time faculty of 99 plus 9 lecturers.[5]

In 2013, the School abbreviated its name to "Ivey Business School" and updated its visual identity. The legal name of the Faculty of Business at Western University, however, remains Richard Ivey School of Business.[6]

Programs[edit]

  • Full-time undergraduate Honors Business Administration (HBA)
  • Full-time graduate degree programs (MBA, MSc and PhD)
  • Executive MBA (EMBA) program in two locations: Downtown Toronto (Exchange Tower main floor) and Hong Kong
  • Accelerated MBA (AMBA) program available to recent HBA graduates only
  • PhD in Business Administration
  • Pre-business Courses (one each for years one and two of university)
  • Executive Development (core program plus custom programs for corporations) [7]

Honors Business Administration[edit]

The Ivey HBA (Bachelor of Arts in Honors Business Administration) was the first degree program in business at the University of Western Ontario. The program was modeled on Harvard Business School's case method. A class of six men were the programs first graduates in 1923.[3]

In 2010, the HBA program grew to 525 students with the final program size of 600 students set for 2013.[8] In 2012, 92% of Ivey HBA graduates found permanent placements within 3 months of graduation, with an average starting compensation (includes base salary, signing bonus, and other guaranteed compensation) of $61,298.[9]

The HBA program is a second-entry, two-year program that enrolls students who have completed two years of undergraduate study (in any faculty at any recognized university). First year Ivey students, known as HBA1s, are typically in their third year of university. Previously, prospective students applied for admission to Ivey during their second year of university. In 1998, Ivey introduced the Advanced Entry Opportunity status (AEO), a conditional pre-admission status offered to secondary school students. Advanced Entry Opportunity (AEO) students may study in any faculty of interest at the University of Western Ontario for their first two years of university.[10]

The HBA1 year has no elective course work. HBAs are placed into "sections" of 76 students and work with the same classmates, the same professors, and in the same classroom year-round. The curriculum includes courses in finance, accounting, marketing, operations management, organizational behavior, and general management. The HBA2 year is less structured with students taking only three required courses along with elective courses that tailor to individual interests.[11]

Master of Business Administration[edit]

The Ivey full-time MBA was created in 1948 and was Canada's first MBA program as well as the first one offered outside of the United States. Its first class graduated in 1950. The program was modeled on the Harvard Business School MBA as a two-year program. In 2006, Ivey revamped the MBA program after a review of the school's approach to business education.[5] The program was converted to a 12-month program and was relocated from the University of Western Ontario campus to the Spencer Leadership Centre. A Health Sector Stream is offered through the Ivey Centre for Health Innovation and Leadership.[12]

Ivey[13] offers networking opportunities. With over 22,000 alumni in 99 countries, some of the formal networking initiatives include:

  • The Alumni Partnership Program involves top Ivey alumni who have volunteered to act as mentors to current students and alumni. Students can choose to be partner with an alumnus based on a number of criteria including function, industry or geography.[14]
  • The “Get Connected” event in Toronto is hosted by Ivey’s Career Management team in partnership with its alumni and recruiting firms. For three days, students are exposed to information sessions, formal networking events, functional panels and mock interviewing events with Ivey recruiters and alumni. This is the students’ official ‘debut’ or introduction to the market, following their 12-weeks of in-class Career Management programming.[15]
  • Global Ivey Day is an annual event for Ivey students and alumni around the world to connect, network and socialize. Events are hosted by alumni chapters all over the world, including a Gala event in Toronto, with live webinars and webcasts available for alums and students to join as well.[16]

Master of Science in Management[edit]

The Ivey MSc is a direct-entry program requiring no previous full-time work experience. The program is designed to build on previous undergraduate experience and prepare the student for an international career. The Ivey MSc is a pre-experience master's program, although it is a relatively uncommon degree in North America.

In December 2009, Ivey was selected as the first Canadian partner in the CEMS Global Alliance in Management Education and in 2012 was named the CEMS School of the Year.[17] This partnership gives Ivey MSc students the opportunity to participate in the Master of International Management program with students from other schools in the alliance like the London School of Economics, HEC Paris, National University of Singapore, Copenhagen Business School, ESADE (Spain) and Fundao Getulio Vargas (Brazil). Students register as Ivey MSc students and pursue the CEMS MIM program concurrently.

PhD[edit]

The University of Western Ontario began offering a PhD in Business Administration in 1961, Canada's first PhD in business. The program has focused on study in eight disciplines: Finance, General Management, Information Systems, Management Science, Managerial Accounting, Marketing, Operations Management and Organizational Behaviour.[18]

Executive MBA program[edit]

The Ivey Executive MBA (EMBA) was founded in 1991 with the addition of a Hong Kong-based program and a remote video-conference program in 1995. In 2007, the Executive MBA program was relocated to a new facility in downtown Toronto named the Tangerine Leadership Centre.[3]

The program provides a part-time MBA program for working managers with at least seven years of work experience. The program consists of four in-class days (Thursday to Sunday) once per month. Classes continue for three consecutive terms, each five months long.[19]

Pre-business undergraduate courses[edit]

Ivey has offered four undergraduate pre-HBA business courses:

  • Business 1220: A first-year introduction to business course
  • Business 2257: A second-year course with a focus on Financial Accounting, Business Analysis and Managerial Accounting. This course is a prerequisite course for the HBA program.
  • Business for Science Students 2295F: Introductory course in business designed for Science, Medical and Dentistry students
  • Business for Engineers 2299: Introductory course in business designed for Engineering students[20]

Locations[edit]

Ivey operates on four global campuses:

On September 10, 2009, Ivey broke ground on a new 235,000-square-foot (21,800 m2) faculty building on the Western campus in front of Brescia College on former soccer fields. The federal and provincial governments contributed $50 million in funding with the remainder funded by private donations. The building was to be designed by Hariri Pontarini Architects of Toronto.[21] In September 2013, Ivey officially moved from their old building to new Richard Ivey Building located across campus.[22]

Ivey Business Journal[edit]

Ivey Business Journal (IBJ)is among Canada's oldest business publications, started in 1933 as the Quarterly Review of Commerce. The publication transitioned from a quarterly magazine to a bi-monthly web publication in the 2000s and is read in over 150 countries. The current editor of the Journal is Thomas Watson.[23]

Ivey Business Review[edit]

Ivey Business Review (IBR) is an undergraduate business strategy publication conceived, written, and managed exclusively by students enrolled in the Honors Business Administration (HBA) program at the Ivey Business School. It is published twice per academic year, in December and April, and is managed at the school's main campus in London, Ontario, Canada.

Ivey Business Review is an original research-based publication with all content created specifically for the magazine through collaboration between the writers and members of the editorial board. Unlike most business strategy journals and publications, Ivey Business Review focuses on providing actionable recommendations for specific businesses, industries, business models, strategies, or events rather than management techniques for managers and leaders.[24]

History[edit]

Ivey Business Review was started in 2009 with its first issue published in January 2010. The founding Editorial Board hoped to provide world-class business insights by harnessing and developing the fresh, un-jaded and sometimes idealistic ideas and point of views of the school’s undergraduate business students. In addition, they aspired to test students by taking them outside the school’s traditional case study teaching method by forcing them to solve current challenges with neither a clear path forward, nor established facts. Since its inception, the magazine has published eight issues containing over 100 total articles and involving more than 150 students.[25]

With the January 2012 issue of Ivey Business Review, a new segment featuring interviews with prominent Canadian business people was introduced. Among the individuals featured in these interviews include the CEO of Canada Pension Plan Investment Board, Mark Wiseman,[26] and Chairman of the Royal Bank of Canada and Encana, David O'Brien OC.[25] All interviews are carried out by members of the Editorial Board.

Notable alumni[edit]

47% of all Ivey alumni hold the title of Chair, President, C-Suite, Vice-President, Managing Director or Partner.[27] The Caldwell Partners’ "Top 40 Under 40" is an impressive measuring stick and Ivey continues to dominate this distinctive list with more honorees than any other business school.[27] Below is a partial list of distinguished Ivey alumni:

Case studies[edit]

With over 8,000 cases in their collection, Ivey Publishing adds more than 350 classroom-tested case studies each year and is one of the top case publishers in the world.[45] Ivey cases are lauded by the academic community as meeting the rigorous demands of management education by responding to the ever changing needs of business and society. Ivey is among the largest producers and publishers of cases all around the world, just behind Harvard Business School.[46] Recently, Ivey inked deals with Indian Institute of Management Calcutta and Shri Ram College of Commerce to design and publish case studies.[47][48]

Ivey Publishing also has licensing and distribution rights for more than 23,000 products from a number of suppliers, including:[49]

  • Asian Business Case Center/Nanyang Business School at Nanyang Technological University
  • China-Europe International Business School (CEIBS)
  • China Management Case Sharing Centre
  • Harvard Business School and Harvard Business Review
  • Darden Business School
  • Northeastern University
  • National University of Singapore
  • Yonsei University

Rankings[edit]

  • In 2014, Bloomberg Businessweek ranked Ivey as the best international business school outside of the United States and the top school in Canada.[50]
  • Wall Street Journal MBA (September 2007): In The Wall Street Journal 's 7th annual ranking of MBA programs, which is based on the perceptions of corporate recruiters around the globe, Ivey was ranked #12 among the top 25 internationally focused business schools.[51]
  • Financial Times MBA, In the Financial Times 2013 annual ranking of MBA programs worldwide, Ivey ranked 78th of the top 100 business schools.[51]

See also[edit]

Further reading[edit]

  • Murray Llewellyn Barr 'A century of medicine at Western: a centennial history of the Faculty of Medicine, University of Western Ontario' (London: University of Western Ontario, 1977)
  • John R. W. Gwynne-Timothy 'Western's first century' (London: University of Western Ontario, 1978)
  • Ruth Davis Talman 'The beginnings and development of the University of Western Ontario, 1878–1924.' (MA Thesis, University of Western Ontario, 1925)

External links[edit]

References[edit]

  1. ^ http://www.businessweek.com/bschools/rankings/international
  2. ^ "History of MBA Schools in Canada". 
  3. ^ a b c d http://www.ivey.uwo.ca/about/history.htm
  4. ^ http://www.ivey.uwo.ca/deans/
  5. ^ a b http://www.ivey.uwo.ca/about/fact_sheet.htm
  6. ^ http://www.academica.ca/top10/stories/18489
  7. ^ http://www.ivey.uwo.ca/programs/default.htm
  8. ^ http://www.ivey.uwo.ca/discover/annual-report/index.htm
  9. ^ http://www.ivey.uwo.ca/hba/career-planning/
  10. ^ http://www.ivey.uwo.ca/hba/program-details/university-years-1-2/
  11. ^ http://www.ivey.uwo.ca/hba/program-road-map/index.htm
  12. ^ http://www.ivey.uwo.ca/mba/health/ichil.htm
  13. ^ Ivey MBA Admissions
  14. ^ http://www.ivey.uwo.ca/alumni/get-involved/alumni-partnerships.htm
  15. ^ http://www.youtube.com/watch?v=q9tcN3xnHAU
  16. ^ http://www.iveyday.ca
  17. ^ http://www.cems.org/news-media/news/school/ivey-business-school-adjudged-cems-school-year
  18. ^ http://www.ivey.uwo.ca/academic/phd/program.htm
  19. ^ http://www.iveyemba.ca/executiveMBA.html
  20. ^ http://www.ivey.uwo.ca/academic/pre-business/
  21. ^ http://communications.uwo.ca/com/western_news/stories/ivey_to_build_?world-class_facility?_20090604444394/
  22. ^ http://london.ctvnews.ca/hadfield-joins-90th-anniversary-celebration-for-ivey-business-school-1.1446702
  23. ^ http://iveybusinessjournal.com/about
  24. ^ Lewington, Jennifer (8 June 2013). "Ivey students take on Harvard Business Review, Globe and Mail". Retrieved 13 June 2013. 
  25. ^ a b "Ivey Business Review Spring Issue Marks 100th Article Published". Retrieved 16 May 2013. 
  26. ^ "Ivey Business Review Sits Down with Canada’s $170 Billion Dollar Man". Retrieved 16 May 2013. 
  27. ^ a b http://www.kciphilanthropy.com/wp-content/uploads/2011/05/Ivey.pdf
  28. ^ http://ca.linkedin.com/in/daviderawlings
  29. ^ http://investing.businessweek.com/research/stocks/people/person.asp?personId=2045552&capId=1288232&previousCapId=9052184&previousTitle=Credit%20Suisse%20Securities%20(Canada)%2C%20Inc.
  30. ^ http://business.financialpost.com/2013/01/31/ubs-lays-off-20-at-canadian-banking-unit-including-senior-staff-meslin-vasic/
  31. ^ http://investing.businessweek.com/research/stocks/private/person.asp?personId=54673886&privcapId=62566505&previousCapId=29096&previousTitle=GOOGLE%20INC-CL%20A
  32. ^ http://investing.businessweek.com/research/stocks/people/person.asp?personId=22546221&ticker=DBK:GR&previousCapId=410467&previousTitle=Deutsche%20Bank%20AG
  33. ^ http://www.ivey.uwo.ca/advisory_board/membership/andrew-chisholm/
  34. ^ http://www.mckinsey.com/global_locations/north_america/canada/en/our_people/rohit_bhapkar
  35. ^ http://www.rbc.com/newsroom/executive-biographies/david-i-mckay.html
  36. ^ http://www.td.com/about-tdbfg/corporate-information/executive-profiles/hockey.jsp
  37. ^ http://www.bmocm.com/aboutus/execbios/erictripp/
  38. ^ http://www.bmo.com/home/about/banking/corporate-information/executive-bios/thomas-flynn
  39. ^ http://www.bmo.com/home/about/banking/corporate-information/executive-bios/gilles-ouellette
  40. ^ http://www.bmocm.com/aboutus/execbios/erictripp/
  41. ^ http://www.canaccordgenuitygroup.com/EN/IR/CorpGovernance/Pages/Executives.aspx#kassie/
  42. ^ http://investor.hbc.com/management.cfm
  43. ^ http://www.spinmaster.com/management-team.php
  44. ^ http://www.marketingmag.ca/media/30-under-30-fabricio-dolan-126260
  45. ^ http://www.ft.com/cms/s/2/7c5e3df6-9b23-11e0-a254-00144feabdc0.html#axzz1PqjrMW9G
  46. ^ http://online.wsj.com/news/articles/SB10001424052970204571404577253513002791028
  47. ^ "IIM Calcutta ties up with Ivey Business School Canada to foster Case Pedagogy". IANS. news.biharprabha.com. Retrieved 19 March 2014. 
  48. ^ http://www.business-standard.com/article/current-affairs/ivey-business-school-srcc-new-delhi-sign-mou-114043001057_1.html
  49. ^ https://www.iveycases.com/WhyIveyPublishing.aspx
  50. ^ "The Complete 2014 Business School Ranking". Bloomberg Businessweek. 11 November 2014. Retrieved 24 November 2014. 
  51. ^ a b http://www.ivey.uwo.ca/about/rankings.htm
  52. ^ http://www.topmba.com/mba-rankings/top-business-schools-report-2010/regions/top-business-schools-in-north-america
  53. ^ "QS Global 200 Business Schools Report 2010, North America".