Desautels Faculty of Management

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Desautels Faculty of Management
Faculté de gestion Desautels  (French)
Desautels McGill.svg
TypeFaculty (business school)
Established1906[1]
Parent institution
McGill University
EndowmentCA$2.039 billion[2]
DeanYolande E. Chan[3]
Academic staff
116 (professors)[4]
Students3,051[5]
Undergraduates2300[5]
Postgraduates315[5]
Location, ,
Canada
CampusUrban
AlumniOver 30,000[5]
WebsiteOfficial website Edit this at Wikidata

The Desautels Faculty of Management is a faculty of McGill University in Montreal, Quebec, Canada. The faculty offers a range of undergraduate and graduate-level business programs, including the Bachelor of Commerce, Master of Business Administration and Doctor of Philosophy in management degrees. The Faculty of Management also offers a joint MBA/Law program with McGill's Faculty of Law.

History[edit]

Officially founded in 1906 as the Department of Commerce within the Faculty of Arts, the Faculty of Management originated from a two-year commerce program.[6] The Commerce program is named the School of Commerce, and the first Bachelor of Commerce (BCom) degrees are awarded by McGill in 1915. The McGill School of Commerce was founded in 1920, independent of the Faculty of Arts. The Graduate School of Business Administration was established in 1963 and graduated its first MBA class in 1965. The Graduate School of Business Administration was later merged with the School of Commerce in 1968 to form the Faculty of Management.

The Faculty of Management is located in the Samuel Bronfman Building which was named in honour of Samuel Bronfman for his donation of the building in 1972. The joint MBA/Law program received approval in 1978 and applications begin in 1979. In the 1980s, the Faculty established the Management Science Research Centre, Dobson Centre for Entrepreneurial Studies (now named the McGill Dobson Centre for Entrepreneurship), Centre for Strategy Studies in Organizations, Centre for International Management Studies and the Centre for the Convergence of Health and Economics. The Faculty also launched the Applied Investments Program, which was the first program of its kind in Canada.[1]

The Bronfman Building houses undergraduate classes and features a garden.

The McGill Institute of Marketing (MIM) was launched in 1992. In 1996, three new programs were established: the International Masters Program in Practicing Management (IMPM) (now named the International Masters Program for Managers), the Joint MD/MBA program, and, in conjunction with the Faculty of Engineering, the Masters in Manufacturing Management (MMM), which has since been renamed the Global Manufacturing and Supply Chain Management Program (GMSCM). In 1998, the Faculty launched the MBA Japan program, the first Canadian degree program offered in Japan.[1]

In 2005, the Faculty of Management was renamed to the Desautels Faculty of Management in honor of Marcel Desautels, a retired executive from the credit reference industry, who made several gifts of more than $32 million total to the faculty.[7] The Desmarais Global Finance Research Centre, made possible by a donation from the Desmarais family, was also established.[1] In 2007, Marcel Desautels received an honorary McGill doctorate in recognition of his outstanding contributions to business education. In July 2008, he was made a Member of the Order of Canada, one of the highest civilian honours bestowed by the Canadian government.[7]

In January 2012 the second floor of the Bronfman building reopened as the new "Business Intelligence Centre," featuring a trading room sponsored by the Desjardins Group.[8]

In 2015, the faculty launched the world's first GROOC, a type of massive open online course with an emphasis on groupwork, titled Social Learning for Social Impact on edX.[9]

In May 2017, the faculty announced a $25 million donation from the Bensadoun Family Foundation for the development of the Bensadoun School of Retail Management: an interdisciplinary, state-of-the-art school dedicated to all facets of the retail industry. [10]

In January 2017, it was announced that the new building for the MBA and master’s programs would be named in honour of Professor Don E. Armstrong, founder of the faculty’s MBA. The MBA and master’s programs officially moved into the building in January 2018. The 48,666 sq. ft. expansion brings new dedicated teaching and learning spaces that benefit all in the Faculty.[11]

In response to the growing needs of organizations for business analytics, the Desautels Faculty of Management launched the Master of Management in Analytics (MMA) program in January 2018. The MMA degree is a pre-experience, twelve-month specialized program in the evolving field of management analytics. The MMA welcomed its first cohort in the summer of 2018.[12]

In November 2018, the Bensadoun School of Retail Management opened its doors. The school features a state-of-the-art Retail Innovation Lab in collaboration with convenience store chain Couche-Tard, which opened in January 2021. In August 2021, the school welcomed its first cohort in the Master of Management in Retailing. [10]

Undergraduate programs[edit]

The faculty's Bachelor of Commerce program currently offers 13 different majors, 16 different concentrations, 4 different honours (including 2 joint honours with the Economics department), and 3 different minors as part of the BCom degree;[13] The BCom degree typically consists of 90 credits (for CEGEP students or students with sufficient advanced standing credits) or 120 credits (for all other students).[14] All BCom students (except for certain major/honours programs) take a 36 credit Management Core curriculum in a variety of business disciplines.[15] Undergraduate students may go on an exchange at over 70 different universities across the world and the Faculty offers an international summer program for visiting undergraduates from other universities.[16][17] Undergraduate students in other faculties at McGill can elect to take classes or complete a minor within Desautels.[18]

BCom students also have the opportunity to participate in the co-curricular Integrated Management Student Fellowship (IMSF), which is a two-semester, six-credit experiential leadership development program.[19] As part of the program, Fellows apprentice with faculty professors to support their research, and work in teams with other Fellows to design and implement a real-world project aligned with one of the United Nations Sustainable Development Goals.

Graduate programs[edit]

The faculty graduate-level business programs include the Master of Business Administration, Doctor of Philosophy in management degrees, and other programs. The faculty also offers joint programs with the faculties of Law and Medicine.

MBA[edit]

The Full-Time MBA is a two-year program. Students can concentrate in Finance, Marketing, Strategy & Innovation, Analytics, and choose over 50 electives courses. The 2011 class had an average age of 28, 5 years of experience and a GMAT score of 670.[20] In 2010–2011, 21% of the graduating class was employed in consulting, 37% in finance, and the average total compensation was CAD$112,000[21]

Other programs[edit]

  • EMBA[22]
  • Graduate Certificate in Professional Accounting (GCPA Program)[23]
  • International Masters for Health Leadership (IMHL)[24]
  • International Masters Program for Managers (IMPM)[25]
  • Global Manufacturing and Supply Chain Management (GMSCM)[26]
  • Master of Management in Finance (MMF)[27]
  • Master of Management in Analytics (MMA)[28]
  • Master of Management in Retailing (MMR)[29]
  • PhD Program in Management[30]

Executive education[edit]

The McGill Executive Institute provides a variety of public business seminars as well as custom executive education and coaching for all levels of management.[31] Founded in 1956, the Institute has a full-time staff of learning design and program managers working with professors at McGill's Faculties of Management, Law, Arts, Education and Medicine, external guest experts in specific fields, as well as visiting professors from universities worldwide. The Institute's clientele includes businesses, not-for-profit organizations and government/public sector services.

The McGill-HEC Montréal EMBA is offered in partnership with the Desautels Faculty of Management and HEC Montréal.[32] The EMBA is offered in a bilingual format in both English and French and lasts approximately 15 months with a 10-day study abroad trip in Latin America or Asia.[33] Successful graduates of the program are awarded a joint MBA degree bearing the seals of both McGill University and HEC Montréal.

Research centres[edit]

The eight Integrated and Area-Specific Research Centres include:[34]

  • Business & Management Research Centre (BMRC)[35]
  • Centre for Strategy Studies in Organizations (CSSO)[36]
  • Desmarais Global Finance Research Centre (DGFRC)[37]
  • Management Science Research Centre (MSRC)[38]
  • Marcel Desautels Institute for Integrated Management (MDIIM)[39]
  • McGill Centre for the Convergence of Health and Economics[40]
  • McGill Dobson Centre for Entrepreneurship[41]
  • McGill Institute of Marketing (MIM)[42]

Admission[edit]

The historical cut-off for the BCom program (three-year average) is 94.7% overall across the “top 5” academic grade 12 classes (for students coming from high schools within Canada, outside of Quebec and Ontario), and 85.7% in the prerequisite English or French course, 88% in the prerequisite math course.[43] Admissions requirements for the master’s programs vary.

Student life[edit]

The Management Undergraduate Society (MUS) represents all full and part-time undergraduate students enrolled at the Desautels Faculty of Management.[44] The MUS is student-led, with a Board of Directors elected by the student body in the fall and winter semesters. Members of the Board of Directors, whose positions include representatives for each year of study, preside over the appointed Executive Council. The Executive Council oversees the day-to-day operation facets of the Management Undergraduate Society's various portfolios. There are over 35 MUS committees and 11 MUS clubs that organize student activities every year.[45] The MUS also offers six student services and academic representation to the faculty and the university. The Bull & Bear is Desautel's student-run campus news magazine operates on an unpaid basis by an editorial team of 12 members and a staff of approximately 75.[46]

Desautels has been host to the McGill Management International Case Competition, an international business case competition, since 2001.[47] Students from McGill and universities across the globe compete to solve a multi-disciplinary business case judged by a panel composed of 12 company representatives from a variety of fields.[48] The competition is held over a duration of 5 days and traditionally comprises social, networking, tourism and educational activities. The faculty also fields students team to compete in various other national and global case competitions, such as Jeux du Commerce, Financial Open, Happening Marketing, and other university case competitions around the world.[49]

The faculty is also host to several student-run consulting organizations. The McGill Not-For-Profit Consulting is a student run consulting initiative for nonprofit organizations.[50] The program, in partnership with McKinsey & Company, matches McGill students with nonprofit organizations in the Montreal community to work on proposals to improve some aspect of their operations.[51] Junior Enterprise Desautels, in partnership with The Boston Consulting Group and the first of its kind in North America, and Accent on the Community, in partnership with Accenture, are also similar programs at Desautels.[52][53] The McGill Business Consulting Group (MBCG), founded in 1983, is an MBA student run independent consulting group.[54]

Desautels Capital Management (DCM), founded in 2009, is Canada's first university-owned, incorporated, student-run registered investment firm.[55] When it was launched, undergraduate and MBA students as part of the Honours in Investment Management (HIM) program managed over $4 million in its Global Equity and Fixed Income funds.[56] Today, all students enrolled in the Faculty’s HIM and Master of Management in Finance (MMF) programs work for the company, collectively having the opportunity to manage four funds with a total of about $7.4 million in assets. [57] DCM is one of the few student run investment firms in the world authorized to attract outside money from external investors.

The McGill Dobson Centre for Entrepreneurship hosts the annual McGill Dobson Cup. Teams composed of McGill students, faculty, alumnus, and the general population pitch their start-up ideas to seasoned experts for feedback, mentorship, and a chance to win up to $100,000 in start-up capital.[58] The McGill Dobson Cup has attracted over 1000 innovators and helped create 97 start-ups and approximately 500 jobs.[59] For the year 2019-2020, the McGill Dobson Centre for Entrepreneurship is ranked as one of the top 20 business incubators by the UBI Global World Rankings of Business Incubators and Accelerators.[60]

List of deans[edit]

From To Name
2021-08 present Yolande E. Chan[61]
2020-11 2021-07 Morty Yalovsky (Interim Dean)
2015-09 2020-10 Isabelle Bajeux-Besnainou
2014 2015 Morty Yalovsky (Interim Dean)
2005 2014 Peter Todd
2000 2005 Gerald Ross
1987 2000 Wallace Crowston
1986 1987 Morty Yalovsky (Interim Dean)
1979 1986 Laurent Picard
1973 1979 Stanley J. Shapiro
1970 1973 Howard Irwin Ross
1969 1969 Carl A. Winkler (Acting Dean)


Rankings[edit]

McGill's Faculty of Management is consistently ranked within the top and elite business schools in the world. Particularly regarding diversity and internationalism of its attendees, the network of alumni in various management capacities internationally it ranks highly. Out of the attendees 3 out of 4 come from countries outside of Canada, by far a unique position compared to other business schools in Canada and majority in the US.[62][63]

Business school rankings
Worldwide overall
QS[66]50 [64]
Times Higher Education[67]64 [65]
U.S. News & World Report[68]147
Worldwide MBA
Financial Times[70]90 [69]
  • Times Higher Education World University Business School Rankings: McGill Desautels Faculty of Management was ranked 64th Globally. [71]
  • QS World Business School Ranking 2022: McGill Desautels Faculty of Management was ranked 50th Globally. [72]
  • UTD Top 100 Worldwide - 2017-2021: McGill Desautels Faculty of Management was ranked 37th Globally (and 2nd in Canada) out of 100 elite global business schools . [73]

Specialized Rankings[edit]

  • QS World University Global MBA Rankings 2022: The QS World University Rankings placed the McGill Master of Business Administration (MBA) 4th in Canada. Of the 286 programs considered for this prestigious ranking, the McGill Desaultels MBA ranks 74th worldwide, performing amongst the top 26% globally.[74]
  • Financial Times - Global MBA Ranking 2021: The Desautels MBA program is ranked 2nd in Canada and 90th in the world by the 2021 Financial Times Global MBA Ranking—one of only four Canadian schools who made the list.[75]
  • America Economia - MBA Global Ranking 2021: The McGill Desautels MBA ranked 1st in Canada and 20th globally in the 2021 America Economia Global MBA Ranking.[76]
  • QS Business Masters Rankings - Business Analytics 2022: The Master of Management in Analytics (MMA) program at McGill Desautels ranked 1st in Canada and 11th globally out of 120 programs, performing amongst the top 9% globally, securing a top 5 spot in North America. [77]
  • QS World University Rankings - Finance 2022: The QS World University Rankings places the McGill Master of Management in Finance (MMF) 2nd in Canada and 19th internationally out of 179 programs, performing amongst the top 11% globally, securing a top 5 spot in North America.[78]
  • Financial Times - Business school rankings 2021: The Desautels Master of Management in Finance (MMF) program is ranked 1st in North America and 36th globally in the 2021 Financial Times Global Masters in Finance Pre-Experience Ranking.[79]
  • Corporate Knights - 2021 Better World MBA: Corporate Knights continues to rank the Desautels MBA as one of the prestigious Top 40 globally in terms of sustainable development and corporate social responsibility through teaching, research and practice, according to the 2021 Better World MBA Ranking.[80]
  • Corporate Knights - 2021 Better World BCOM: The Desautels Faculty of Management’s BCom program has ranked 4th in Canada in Corporate Knights’ inaugural Better World BComs Top 10. [81]

Canadian MBA Alliance[edit]

The school is also a founding member of the Canadian MBA Alliance which was created in 2013. All six members of the alliance rank among the world’s top 100 schools, according to their participation in key rankings – Financial Times, Business Week, and The Economist.[82]

Notable people[edit]

Current faculty members[edit]

Past faculty members[edit]

Notable alumni[edit]

See also[edit]

References[edit]

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Coordinates: 45°30′09″N 73°34′35″W / 45.50256°N 73.57644°W / 45.50256; -73.57644

External links[edit]