Rotman Launching New MBA Program in Healthcare and Life Sciences
The Rotman School of Management at the University of Toronto will begin offering a new Global Executive MBA program in healthcare and the life sciences.
The Toronto-based university created the 18-month program to keep up with the industry’s fast-changing ways, according to a recent press release. Rotman wants to create leaders in the sector by teaching them the management skills and technical skills necessary to succeed in the healthcare and life sciences field.
While this MBA is the school’s latest health-based degree, it’s certainly not the school’s first. MBA candidates already have the option to major in Health Sector Management. This program is more geared toward healthcare delivery systems and the pharmaceutical and biotech industries.
The new MBA, however, will begin this semester, breaking up into five portions. Three will take place in Toronto, but the other two will fall elsewhere—in San Francisco and Singapore. Students will get a front-row seat to how the healthcare industry operates on a global scale. Individuals from life science firms, service delivery organizations, and global agencies are encouraged to apply for the program. It’s best suited for those who want to build their career.
“The program will focus on the most effective ways of organizing industries, whether in the public sector or the private sector to deliver the best healthcare and to make it more affordable,” says Brian R. Golden, Vice Dean of MBA Programs, in the press release.
The program will work with the school’s Centre for Health Sector Strategy, which Golden leads, to build upon its offerings on the topic. The Centre, according to Rotman, is “Canada’s leading academic provider of healthcare executive programs.” An additional plus? The city’s medical discovery district is not far at all. Students will have quick and easy access to innovations as they see fit.
“The health and life sciences sector is the most important industry in the world,” said William Mitchell, a Co-Academic Director of the Program, added. “Globally it has a huge impact on economic development and a huge impact on human life. Our new program will teach general management and leadership skills, with direct application to people working in life sciences and healthcare.”
6 New Executive Education Programs Coming to Ivey Business School
The Ivey Business School at Western University in Toronto is revamping its executive education offerings, adding six new programs to address Canada’s evolving business sector.
“The Canadian business market has dictated to us the key competencies needed to remain relevant and successful in today’s global business environment,” said Mark Healy, Ivey’s Executive Director of Executive Education, in a press release. “I’m pleased to be able to address those needs with the launch of these six programs.”
The Ivey Executive MBA program already helps advance the careers of professionals, but these new additions will only further the school’s efforts. The programs will begin in fall 2017 and be offeredat the London and Ontario campuses, as well as Toronto.
Corporate Reputation Management
This “immersive” program will teach students how to plan for, respond and recover from situations where a business’ reputation is at risk. Once a company loses its rep, well, everything else goes down the drain, too. It’s important that professionals know how to handle those events.
Preparing for Disruption
One thing’s for sure: In business, always prepare for the unexpected. Sometimes, this looks like technological innovations. While good for the consumer, such change isn’t always good for a business. This addition will help participants look critically at their businesses and find any potential vulnerabilities or places where the market might negatively impact them—and then brainstorm to make sure that doesn’t happen.
Leading With Business Analytics
Data and numbers really are the future. This program will help businesses use these information to their benefit by showing them how other major players use data to stay competitive. Students will also learn the basics to some data analysis tools to stay in the loop themselves.
Mastering FinTech: Strategies for the Future
How does one protect themselves from the emerging FinTech market? Ultimately, those employed in the banking, finance or insurance sectors will benefit most because they’re the ones this technology threatens most. The program will show them how to create a proper response plan and even how to take advantage of this technology before competitors use it against them.
Design Thinking: Driving Innovation
Design is everything, they say. This couldn’t be more true in the world of business and customer service. This new program aims to teach participants all they need to know about using design to lead and ideate. This type of innovation is especially “crucial” to compete globally.
Many families pass their business down from generation to generation. There’s a science to doing that right. That’s where this program comes in. A successful transition requires specific strategies that address growth and trust. The Ivey School encourages families to take part in this program, but it requires a nomination.
3 Leadership Lessons from Ivey’s MBA Leadership Day
At Western University Canada’s Ivey Business School, leadership is a regular part of the curriculum. In fact, part of Ivey’s mission is to equip its MBA students to become global leaders. In the context of this mandate, each year the Ian O. Ihnatowycz Institute for Leadership hosts an MBA Leadership Day. This year, the class of 2018 heard from four, senior Canadian leadership in a conference setting. The event also included a panel discussion, a LIVE case, and a keynote presentation.
The Speakers
- Barbara Stymiest: former Executive Vice-President & Chief Financial Officer at BMO Nesbitt Burns, Chief Executive Officer at the TSX Group and current board member of several public companies including Blackberry Ltd., George Weston Limited, and Sun Life Financial Inc.
- Michael Rolland: Chief Investment Officer at OMERS Private Equity
- Jon Hantho: Chairman of the Board at Life Labs, former Chief Executive Officer at Maxxam
- Linda Hasenfratz: Chief Executive Officer at Linamar
Beckie Thain-Blonk, an ’18 MBA candidate at Ivey, was one of the students in attendance at the event. In a recent blog post, she shared her three key leadership takeaways: humility, listening, and selflessness.
Humility
Through the case discussion, attendees learned about how important it is to be endeared to your team. No matter if you have good intentions or not, if you don’t take the time to build relationships up front and listen to your team’s feedback, you’ll lose sight of the real goal.
“Building relationships requires active listening and a healthy dose of humility,” Thain-Blonk noted. “The lesson was very clear: remember that relationship skills and humility are important in both the highs and lows of your career.”
Listening
The second lesson for Thain-Blonk came during the panel discussion when Barbara Stymiest talked about being a manager and earning her first board chair position at Ernst & Young. Drawing on examples from her career, Stymiest told attendees that the first leadership lesson she learned was to “listen first.”
“Stymiest emphasized the importance of a leader speaking last,” Thain-Blonk wrote. “She highlighted that, as a leader, if she spoke first, the room would orient around the direction she initially provided.”
Selflessness
The final lesson was learned throughout the entire event as each speaker agreed that “leaders focus on others.” They categorically stated that an individual only becomes a leader when they stop focusing inward and start focusing on others.
“A leader is not born when they become a CEO or are appointed to lead a team,” Thain-Blonk added. “Instead, a leader is defined by an ‘others orientation,’ and that can start today, regardless of who the individual is or what position they hold.”
2017 Forté Forums Scheduled in 12 Cities Beginning August 14
It’s August, which means it’s almost time for the Forté Forums. These free events are hosted by the Forté Foundation, a nonprofit consortium of leading companies and top business schools committed to advancing the role of women in business. Scheduled for 10 U.S. cities as well as Toronto and London beginning on August 14, they are designed to help women learn more about the value of the MBA.
Whether you are a college student looking to explore options for the future, have been in your job for a few years and are thinking about a change, or are looking for a way to catapult yourself to the next level in your career, the Forté Forums are for you.
Choose to attend a forum in a city near you, and you can learn more about how the MBA can help you advance in your career, expand your earning potential, or provide opportunities to study abroad. With more than 100 leading business schools in attendance, you can also learn more about different programs directly from the school representatives who know them best.
The Forté Forums also draw leading MBA businesswomen from a range of industries and career stages, eager to share their experiences and provide advice and guidance. And they give you a chance to network with other high-achieving women interested in learning more about the MBA. Former attendees of the Forté Forums report that women they’ve met at the events have become part of a lasting peer support network.
Last but not least, the forums can help you begin to think about how to finance your MBA, offering valuable information about Forté’s scholarship opportunities, as well as many other funding sources.
Whether you know nothing at all about business school and want to see what it’s all about—or you’re planning to apply this fall and want to connect with others doing the same, don’t miss out. Register for a nearby Forté Forum today!
2017 Forté Forums Calendar:
August 14th: Washington, DC
August 15th: Boston
August 16th: Atlanta
August 17th: Miami
August 21st: Seattle
August 22nd: San Francisco
August 23rd: Los Angeles
August 24th: Houston
August 28th: Chicago
August 29th and 30th: New York City
August 31st: Toronto
October 16th: London
Learn more about the Forté Forums, including how to register.
This article has been edited and republished with permissions from Clear Admit.
Earning an MBA in Toronto Without the Full-Time Commitment
Despite the substantial benefits of earning an MBA, for many professionals, the idea of taking an extended detour while they earn their degree may be impractical or even impossible. An accelerated MBA allows motivated students to bring their new knowledge and qualifications to the workforce more quickly. For those Toronto-bound aspiring business school students hoping to earn their degree in a manageable time frame, we’ve laid out the best accelerated MBA programs in Toronto.
Ivey Business School — Western University Canada
Western University Canada’s Ivey Business School boasts an affordable accelerated MBA program. This program is not for everyone, as it exclusive to Ivey grads who have gone through the Honors Business Administration (HBA) undergrad program. However, for recent HBA grads, the AMBA may be an attractive option. According to the school’s website, AMBA tuition is $53,000 for domestic students and $61,000 for international students. Not only do AMBA students earn their degrees faster, but their tuition is 60 percent of the cost of the standard full-time program. In addition to the considerable difference in cost, the AMBA can be completed in just eight months, as opposed to the full-time MBA, which takes one year to complete.
DeGroote School of Business — McMaster University
Students seeking their accelerated MBA from the DeGroote School of Business can commit to a part-time or full-time course load. Full-time AMBAs will earn their degrees in eight months, whereas those on the part-time track may take up to 20 months. Students entering this program must have a minimum of one year of work and continuous managerial or professional experience. For those who don’t meet this qualification, DeGroote makes exceptions for those with one year of internship or co-op experience. This program is limited to applicants from domestic undergraduate institutions. DeGroote’s MBA program is different from many other schools due to its emphasis on hands-on opportunities and work experience. The school achieves this focus through case studies and projects that involve real organizations and situations.
Schulich School of Business — York University
The Schulich School of Business accelerated MBA allows students to skip many of the first year for classes, and essentially dive right into the second year MBA curriculum. Students on this track can complete their degrees in half the time it takes to complete the full-time program, significantly cutting costs. To receive all of the program’s benefits, students must have received a business degree from a Canadian institution within the last ten years, or hold a CPA, CA classification in Ontario. Those who have earned their degrees outside of Canada, and thus do not meet these qualifications, can apply for Advanced Standing Credits, which allows them to waive many of their core first year courses.
Lazaridis School of Business & Economics — Toronto Campus
The Lazaridis School of Business & Economics offers an accelerated Alternate Weekend MBA option. This is an ideal program for those looking to acquire an MBA education while maintaining a full-time career. Those who excel in this track transition to the comprehensive elective stage of the MBA curriculum. This allows motivated students to quickly zero in on their particular interests and specialization. Lazaridis offers nine MBA specializations, including: Accounting, Financial Management, Innovation and Entrepreneurship, International Business Management, Marketing, Operations Management, Organizational Behavior and Human Resource Management, Strategic Management, and Supply Chain Management. The accelerated Alternate Weekend MBA program also gives students a break from June through August, so MBAs juggling their professional and academic obligations can focus solely on their career ambitions during this time.
Finding the Best Toronto Executive MBA Programs
An MBA offers immeasurable help if you’re trying to climb the oft-mentioned corporate ladder. But what about getting right to the top? Executive MBA programs are tailor-made for reaching that higher-than-high career point, but how do you know which one may be right for you? We’ve outlined some of the best Toronto Executive MBA programs to help.
