Ivey Business School ( Ivey ) is a Canadian business school located at the University of Western Ontario , a research-intensive university in London, Ontario, Canada . According to Bloomberg Businessweek, Ivey has the best full-time MBA program outside of the United States.

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. [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. [4]

In 2010, Ivey became the first North American business school to offer the prestigious CEMS Global Alliance in Management Education , joining the likes of London School of Economics , HEC Paris , ESADE , and Bocconi University . [5]

Ivey's current dean is Mark Vandenbosch (serving in an Acting role until June 30, 2018) with a full-time faculty of 98 plus 11 lecturers. [7]

In 2013, the School abbreviated its name to "Ivey Business School" and updated its visual identity. [8] The legal name of the Faculty of Business at Western University, however, remains Richard Ivey School of Business. [9]

Programs

  • 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) [10]

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. A class of six men were the program's first graduates in 1923. [4]

In 2010, the HBA program grew to 525 students with the final program size of 610 students in place since 2013. [11]

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.

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.

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 review of the school's approach to business education. [7] 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 .

Ivey offers networking opportunities. With over 25,000 alumni in 105 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.
  • 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.
  • 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.

Master of Science in Management

The Ivey MSc is a direct-entry program requiring no previous full-time work experience. The Ivey MSc program is deeply rooted in the case method and global learning opportunities, designed to build on previous undergraduate experience and prepare the student for an international career.

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. This partnership gives Ivey MSc students the opportunity to participate in the Master of International Management program with students from 29 other schools in the alliance like the London School of Economics , HEC Paris , ESADE (Spain) and National University of Singapore . Students register as Ivey MSc students and pursue the CEMS MIM program concurrently.

In 2016, a second stream in the MSc program was launched in Business Analytics. In both streams of the program, students undertake 3 terms of academic study and 1 term placement in industry.

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.

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 Tangerine Leadership Centre. [4]

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.

Pre-business undergraduate courses

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 [21]

Locations

Ivey operates on four global campuses:

On September 10, 2009, Ivey broke ground on a new 235,000-square-foot (21,800 m 2 ) 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. [22] In September 2013, Ivey officially moved from their old building to new Richard Ivey Building located across campus. [23]

Ivey Business Journal

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. [24]

Ivey Business Review

Ivey Business Review ( IBR ) is an undergraduate business strategy publication conceived, written, and managed exclusively by students enrolled in the honours business administration 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.

History

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, unjaded 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. [26]

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 , [27] and Chairman of the Royal Bank of Canada and Encana , David O'Brien . [26] All interviews are carried out by members of the editorial board.

Notable alumni

Case studies

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. [28] 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. Recently, Ivey inked deals with Indian Institute of Management Calcutta to design and publish case studies. [30] [31]

Rankings

  • In both 2014 and 2015, Bloomberg Businessweek ranked Ivey as the best international business school outside of the United States and the top school in Canada. [152]
  • Financial Post (January 2014): reported that Ivey alumni obtain the highest salary among any other Canadian business school graduates [42]
  • Bloomberg (January 2015): reported that 52% of all Ivey alumni hold the title of Chair, President, C-Suite, Vice-President, Managing Director or Partner [43]
  • 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. [33]
  • Financial Times MBA, In the Financial Times 2016 annual ranking of MBA programs worldwide, Ivey ranked 88th of the top 100 business schools. [44] Also the same ranking puts Ivey as the 26th business school in FT research rank.
  • QS Top MBA places Ivey as the 12th best MBA program in North America for 2012. [24] The QS Global 200 Business Schools Report [52] are based on employer perceptions of graduates of the programs.

See also

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)