Monday, January 26, 2015

Ryerson MBA - Ted Rogers School of Management



Location: Toronto, Ontario
Program Options: Full-Time, Part-Time
Program Length: 1-year (Full-Time), 2+ years (Part-Time)
Accreditation: AACSB, 
Tuition and Fees: $19,403 - $27,392 (Canadian), $30,141 - $43,536 (International)
Notable Rankings: 10th (Canadian Business)
GMAT: Required
Specializations: Mining & CSR, Human Resource Management, International Business, Marketing, Retail and Commercial Real Estate Development, Information Systems Management, Media Management, Supply Chain Management
School Website: http://www.ryerson.ca/mba/

Located in Downtown Toronto, Ryerson offers two MBA degrees - the Global MBA and the MBA in  the Management of Technology and Innovation.  Through these two degrees, there are a variety of specializations.  The tuition amounts vary as all students will need to complete at least 11 courses.  Students without business education could be required to complete an additional 5 foundational courses.  The class size is relatively small, with ~70 students entering the Full-Time program and ~55 students entering the Part-Time program in 2014.

Employment Summary

3-Month Placement Rate: N/A
Average Salary: $85,000
Average Salary Increase: 35%

Ryerson doesn't release very detailed career statistics.  The fact that they do track some numbers but don't release the 3-month placement rate would lead me to believe it is below 80%, and possibly well below.  The average salary listed is quite good and in line with what one would expect for a program based in Toronto.

Summary

A one-year program based in Toronto with tuition less than half of the other Toronto based schools makes Ryerson a very interesting option.  They don't have the reputation or career services of the better known schools, but for individuals with strong professional experience Ryerson offers an accredited program in Toronto that let's you stay connected and keeps your student loans down.  Without the experience, I'd encourage anyone considering Ryerson to connect with alumni and see what the true placement rate is like.

Sunday, January 25, 2015

Queen's MBA



Location: Kingston, Ontario
Program Options: Full-Time, Part-Time (Accelerated)
Program Length: 1-year (Full-Time), 1-year (Part-Time Accelerated)
Accreditation: AACSB, EQUIS
Tuition and Fees: $77,000 (Canadian), $87,000 (International)
Notable Rankings: 1st in Canada (Canadian Business), 10th Internationally (BusinessWeek),  86th Globally (Financial Times)
GMAT: Required
Specializations: Consulting, Entrepreneurship & Innovation, Finance, Health Care Management, Marketing & Sales
School Website: www.queensmba.ca

Queen's offers two MBA programs, along with their Executive MBA offerings.  Their Full-Time MBA program is offered in Kingston, Ontario every January and is one-year in length.  In addition, Queen's also offers an Accelerated MBA for Business Graduates that is a distance/residency program.  Also one-year in length, this option is offered in Vancouver, Calgary, Edmonton, Toronto, Mississauga, Markham, Ottawa, and Montreal - with the residency portions at Queen's campus in Kingston.  Kingston is ~2.5 hours from Toronto.

Employment Summary

6-Month Placement Rate: 94%
Average Salary: $82,465
Average Salary Increase: N/A

Queen's only lists their 6-month placement rate, which at 94% is quite good.  The average salary of ~$82,500 is also good, although slightly below the level's of other high-priced Canadian programs.  54% of graduates end up in either Consulting or Financial Services roles, which are the two most common areas of MBA graduates.  Queen's places a majority of their graduates in Toronto, with other Canadian placement locations including Calgary, Ottawa, Ft. McMurray and Vancouver.

Summary

As far as one-year MBA programs in Canada go, Queen's is one of the schools with the strongest reputation.  For those interested in Finance or Consulting, and with relevant experience, you'd do very well with the full-time program at Queen's.  Although, as it is a one-year program and 2.5 hours away from Toronto, things could get very hectic balancing school work and recruiting/networking trips away from Kingston.  For the Accelerated MBA, this is a good option for anyone looking to continue to work full-time and who already holds a Bachelors degree in Business.  However, depending on where you live, you may have a very small cohort to complete the program with and may not have the ability to grow a professional network that will help you out locally.

Memorial University of Newfoundland



Location: St. John's, Newfoundland
Program Options: Full-Time, Part-Time
Program Length: 2 years (Full-Time), 3+ years (Part-Time)
Accreditation: AACSB
Tuition and Fees: $4,400 (Canadian), $5,700 (International)
Notable Rankings: N/A
GMAT: Required
Specializations: N/A

Memorial is a small program, but one that offers a great value for money.  The program is accredited by AACSB, so the teaching and learning quality is will be high. The program cost is very low, even international students would pay under $6,000 in tuition for the entire degree.  Class sizes are also very small.  Memorial has ~60 full-time students in total in the MBA program and 85 part-time students.  With 45-50 students entering the program each year, you'd be looking at approximately 30 full-time students, and 20 part-time students each year.

Employment Summary

3-Month Placement Rate: N/A
Average Salary: N/A
Average Salary Increase: N/A

With a very small class size (~30 students), it's not surprising that Memorial doesn't publish placement stats (or possibly even track them).  For students in Newfoundland and Atlantic Canada (or students interested in staying there) Memorial would be a great value.  St. John's is the capital and largest city in Newfoundland, although with a population of 200,000 it is not a large city.  Career opportunities will be somewhat limited by the location.  With very low tuition, there will not be much support beyond the basic career placement support.

Summary

Memorial has extremely low tuition, for both Canadian and International students, along with AACSB accreditation.  For students in Newfoundland, this would be a great option.  If you are looking to move outside of Newfoundland,  you would need to be very comfortable in your own networking and job searching abilities to do well.  For international students, with the large tuition difference compared to other accredited schools, you'd probably be better off going to Memorial and hiring a career coach outside of the University - the cost would end being less than at other schools and more personalized towards you.