#78 Ivey MBA Program & Admissions Q&A with J.D. Clarke – “Hit the Ground Running”
“Ask your target schools to send you a list of companies that come year over year to recruit… that says a lot about the quality of students there. If they’re getting well-recognized firms that come to campus to recruit, that means that those firms are very happy with the talent they are recruiting. We spend a lot of time surveying our recruiters because it’s very important that we’re meeting their talent needs. And that loops right into our admissions process.”
About Our Guest
John-Derek (J.D.) Clarke is the MBA Executive Director of Masters Programs Recruitment and Admissions, Ivey Business School at Western University. J.D. got his MBA from Ivey in 2010. He has worked for over 20 years in higher education, including for Queens School of Business and Ivey Business School.
What is relatively unique about the Ivey MBA? What are its key advantages?
- 1-year MBA program in Canada with intake in March
- Ranked #1 in Canada for starting salary for 15 consecutive years
- Focus on case-method of instruction – students complete over 300 case studies and Ivey faculty produce the second highest no. of case studies globally each year
- Focus on career outcomes – only career management staff interview MBA applicants and Ivey consistently achieves 90%+ employment rates w/in 3 months
Potentially a good fit if:
- You’re looking for a 1-year, general management MBA with strong placements in Canada, especially in Toronto/Ontario
Listen on for the insider’s scoop…
Touch MBA’S Ivey Business School MBA Fast Facts
Program Highlights (4:54)
- Ivey School of Business founded in 1950
- 1 intake / year in March
- Length: 12 months
- Campus in London, Ontario, Canada’s 10th largest centre
- 130 participants/intake
- 15 nationalities/intake, class is 30% international
- Students ranked General Management, Finance and Corporate Strategy highest
- 6 “areas of focus”: Finance, Entrepreneurship, Corporate Strategy & Leadership, International Management, Marketing & Health Sector
- Students have option of international study trip in Latin America, China or India or exchange at 15 universities during their second semester
- Structure = First Semester: Core Classes – Business Essentials. Second Semester: Electives and Int’l Exchange/Options, Leading Cross-Enterprise Module
- Rankings: #97 Financial Times 2015, #NR Economist 2014, #1 Bloomberg Businessweek 2014 for programs outside US
- Accredited by EQUIS
- Double Degree / Dual Degrees: JD/MBA, MEng/MBA
Admissions (15:40)
- 5 deadlines from Apr – Jan, international students encouraged to apply by November (for visa), get a decision within 4-6 weeks
- 23% selectivity
- Avg GMAT: 655 (minimum 600)
- GRE accepted
- Looking for candidates with minimum B average
- Avg age: 28 (range 23 – 35), Avg work experience: 4.7, 2 years work experience required
- Min TOEFL: 100 (internet), IELTS: 7
- Interviews done by Career Management staff
Financing (29:51)
- Full-time MBA Tuition: $82,000 CAD for Canadians, $94,250 CAD for Int’l students
- Recommended budget: $24,000 CAD / year
- 60% of class awarded scholarships, average amount is $20,000 CAD
- Scholarship amounts range from $10,000 to half-tuition
- Scholarships are merit-based and awarded with offer
- Ivey offers a limited number of non-cosigned loans for int’l students through the LIBRO Credit Union based on academic merit, leadership potential and financial need
Career (32:48)
- Ivey MBA – Full-time placement report for Class of 2014 (YES)
- 92% of graduates had jobs within 3 months of graduation
- Average Salary & Bonus: $98,205 CAD
- Graduates in 2012 experienced 68% increase in salary after 3 years
- Top 5 regions graduates worked in: 87.4% Toronto/Ontario, 6.7% Alberta, 2.5% British Columbia, 2.5% USA
- Top 5 industries: 41% Finance, 19% Consulting, 11% Tech/Telecommunications, 8% Energy/Natural Resources, 6% Healthcare/Pharmaceutical
- Top 5 functions: 39% Finance, 24% Consulting, 21% Sales & Markeing, 9% Operations
- 22,000 alumni worldwide, 28% in financial services
Get in Touch
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