Richard Ivey School of Business

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Coordinates: 43°00′27″N 81°16′22″W / 43.00759°N 81.2728°W / 43.00759; -81.2728

The Richard Ivey School of Business
Ivey10101.png
Established 1922
Type Public School of business
Endowment $100M
Admin. staff 135 faculty and 12 lecturers
Location London, ON, Canada
Campus urban
Colours Green     & White     
Affiliations European Federation of Management Development (EFMD), UACC, European Quality Improvement System (EQUIS)
Website www.ivey.uwo.ca
The Richard Ivey School of Business at the University of Western Ontario.

The Richard Ivey School of Business is located on the University of Western Ontario campus in London, Ontario, Canada, and is consistently rated as the top business school in Canada. It is offered, along with a range of other programs, by the University of Western Ontario, but is managed separately with its own Dean and budget. Its primary location is London, Ontario, but the school also has two executive teaching facilities in Toronto and Hong Kong.

The University of Western Ontario created the Department of Commercial Economics within the Faculty of Arts in 1922 to offer elective course work in business. The first degree program was the Bachelor of Arts (Honors) in Business Administration (HBA).[1] In 1948, Canada's first MBA program was added. In 1950, the university created a separate faculty as the School of Business Administration. In 1961, the School of Business Administration inaugurated Canada's first PhD program in Business. 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. 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.[2]

Ivey's current dean is Carol Stephenson, O.C.[3] with a full-time faculty of 135 plus 12 lecturers.[4] The school publishes a bi-monthly business magazine, Ivey Business Journal, as well as an undergraduate business strategy publication, Ivey Business Review.

Contents

[edit] Programs

  • Full-time undergraduate Honors Business Administration (HBA)
  • Full-time graduate degree programs (MBA, MSc and PhD)
  • Executive MBA (EMBA) program in 2 locations: Downtown Toronto (Exchange Tower main floor) and Hong Kong
  • Pre-business Courses (one each for years one and two of university)
  • Executive Development (core program plus custom programs for corporations)

[edit] Honors Business Administration

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.[5] In 2010, the HBA program grew to 525 students with the final program size of 600 students set for 2013. [6] In 2010, 92% of Ivey HBA graduates found permanent placements within 3 months of graduation, with an average starting compensation of $61099.00/year. [7] [8]

The HBA program is a highly selective, 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 Advanced Entry Opportunity status (AEO), a conditional pre-admission status offered to select secondary school students. AEO students may study in any faculty of interest at the University of Western Ontario for their first two years of university. In order to maintain AEO status and progress to the Ivey HBA in year 3, students must maintain an overall two-year average of at least 80% with a full course load and continued involvement, achievement, and leadership in extracurricular activities in years 1 and 2. 66% of the entering class of 2009 were admitted with AEO status, while the remaining 33% were non-AEO students from Western and other universities who discovered an interest in business during their first two years of study.[9] Applicants must demonstrate superior academic ability as well as exceptional extracurricular involvement, both of which are key aspects that the school considers when choosing its class.[10] A 90% grade average is seen as a competitive application for AEO status out of secondary school, although candidates with lower averages and extremely strong extracurriculars are accepted. [11]

The HBA1 year is a highly structured program with no elective course work. HBAs are placed into "sections" of 75 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. All courses are taught using the case method with the majority of cases written and produced by Ivey professors. The HBA2 year is less structured with students taking only three required courses along with elective courses that tailor to individual interests. [12]

The Ivey HBA program operates on a private tuition model with annual tuition of roughly $21,000 annually. [13]

[edit] Master of Science in Management

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 you for international career interests in an ever-evolving, multicultural business world.

The Ivey MSc is a pre-experience master's program, although it is a relatively uncommon degree in North America.

In December of 2009, Ivey was selected as the exclusive Canadian partner in the internationally renowned CEMS alliance. 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.

[edit] Master of Business Administration

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 comprehensive review of the school's approach to business education.[14] 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 specialized Health Sector Stream is offered through the Ivey Centre for Health Innovation and Leadership.[15] The program enrolled 146 students in the class of 2011. [16]

Ivey[17] offers a number of networking opportunities. With over 22,000 alumni in 99 countries, some of the formal networking initiatives include:

1) Alumni Partnership Program: This program involves top Ivey alums 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.

2) Get Connected Event: The “Get Connected” event in Toronto is hosted by Ivey’s Career Management team in partnership with its alumni and top recruiting firms. For 3 days, students are exposed to information sessions, formal networking events, functional panels and mock interviewing events with Ivey recruiters and alums. This is the students’ official ‘debut’ or introduction to the market, following their 12-weeks of in-class Career Management programming.

3) Global Ivey Day: This is an annual event for Ivey students and alums 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.


The Ivey MBA program was ranked #46 in the World MBA rankings by the Financial Times in 2011.[18]

[edit] PhD

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. [19]

[edit] Executive MBA Program

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 ING Leadership Centre.[20]

The program was designed to provide a part-time MBA program for working managers with at least 7 years of work experience. The program consists of 4 in-class days (Thursday to Sunday) once per month. Classes continue for three consecutive terms, each five months long.[21]

[edit] Pre-business undergraduate courses

Ivey has historically offered 4 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 mandatory 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[22]

[edit] Locations

Ivey operates on four campuses:

On September 10, 2009, Ivey broke ground on a new 235,000-square-foot (21,800 m2) faculty building on the UWO campus in front of Brescia College on former soccer fields. The building is expected to cost $110 million. The federal and provincial governments committed $50 million in funding with the remainder funded by private donations. The building was to be designed by Hariri Pontarini Architects of Toronto and was expected to be completed in March 2011.[23]


[edit] Alumni

Ivey has more than 22,000 alumni in over 100 countries around the world. This is a partial list of notable alumni. Entries on this list should either have an accompanying existing article link which verifies they are an alumnus, or reliable sources as footnotes against the name.

[edit] Case studies

Ivey has been a major publisher of business case studies that support the case method of teaching business education. Ivey has published and sells over 2,600 case studies.[24]

[edit] Rankings

Recent rankings:

  • The Aspen Institute Beyond Grey Pinstripes (October 2009): In the most recent publication of The Aspen Institute's biannual ranking of MBA programs, Ivey was ranked #53 among the top 100 business schools in the world.[25]
  • 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.[26]
  • Financial Times MBA, In the Financial Times 12th annual ranking of MBA programs worldwide, Ivey ranked 49th of the top 100 business schools.[26]
  • BusinessWeek MBA, On November 13, BusinessWeek On-Line released the results of its biannual ranking of MBA programs in the US, Canada and Europe. Ivey was ranked #4 in the International ranking and #2 in the poll by Corporate Recruiters. Additionally Ivey received straight "A"s on its report card for General Management, Analysis and Careers, and scored an A+ in the Teaching category. This ranking is based on survey responses from both current graduating students and recruiters (45% weighting each) as well as the intellectual capital produced by the business schools (10%).[26]

[edit] See also

[edit] Further Reading

  • 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)

[edit] External links

[edit] References

  1. ^ http://www.ivey.uwo.ca
  2. ^ http://www.ivey.uwo.ca/about/history.htm
  3. ^ http://www.ivey.uwo.ca/deans/
  4. ^ http://www.ivey.uwo.ca/about/fact_sheet.htm
  5. ^ http://www.ivey.uwo.ca/about/history.htm
  6. ^ http://www.ivey.uwo.ca/discover/annual-report/index.htm
  7. ^ http://www.ivey.uwo.ca/hba/career-planning/index.htm
  8. ^ http://www.ivey.uwo.ca/discover/annual-report/index.htm
  9. ^ http://www.ivey.uwo.ca/about/annualreport/2009/index.html
  10. ^ http://www.ivey.uwo.ca/hba/prospective-ivey-currentuni-applicants.html
  11. ^ http://www.ivey.uwo.ca/hba/application-process/secondary-school.htm
  12. ^ http://www.ivey.uwo.ca/hba/program-road-map/index.htm
  13. ^ http://www.ivey.uwo.ca/hba/tuition-and-finance/tuition-and-fees.htm
  14. ^ http://www.ivey.uwo.ca/about/fact_sheet.htm
  15. ^ http://www.ivey.uwo.ca/mba/health/ichil.htm
  16. ^ http://www.ivey.uwo.ca/mba/docs/2011_class_profile.pdf
  17. ^ Ivey MBA Admissions
  18. ^ http://rankings.ft.com/businessschoolrankings/university-of-western-ontario-ivey
  19. ^ http://www.ivey.uwo.ca/academic/phd/program.htm
  20. ^ http://www.ivey.uwo.ca/about/history.htm
  21. ^ http://www.iveyemba.ca/executiveMBA.html
  22. ^ http://www.ivey.uwo.ca/academic/pre-business/
  23. ^ http://communications.uwo.ca/com/western_news/stories/ivey_to_build_?world-class_facility?_20090604444394/
  24. ^ http://cases.ivey.uwo.ca/Cases/Pages/home.aspx?Mode=About
  25. ^ http://www.beyondgreypinstripes.org/rankings/index.cfm
  26. ^ a b c http://www.ivey.uwo.ca/about/rankings.htm
  27. ^ http://www.topmba.com/mba-rankings/top-business-schools-report-2010/regions/top-business-schools-in-north-america
  28. ^ "QS Global 200 Business Schools Report 2010, North America". http://www.topmba.com/mba-rankings/global-200/2011/region/north-america. 
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