What are the Best Healthcare MBA Degrees in Toronto?
The Toronto metro is not only home to a number of the finest business schools in Canada—it is is one of the top cities in North America for healthcare and human health sciences. According to the City of Toronto, the city’s life sciences sector employs nearly 30,000 professional and contributes more than $2 billion to the local economy. In a word, Toronto healthcare is huge.
Will Canadian Customers Adapt to the “Basic” Airline Standard? – Toronto News
Catch up on all the exciting Toronto business schools new from the past week below.
Air Canada, WestJet Offer Cheap Basic Economy Fares for No-Frill Seekers – CBC/Radio-Canada
CBC News sought the expertise of airline analyst and York University Schulich School of Business professor Fred Lazar for an article that examined the intricacies of “basic economy” fares. Though these fares, which offer cheaper seating and even fewer benefits than standard economy, have been popular in the United States, they have only recently been adopted by AirCanada and WestJet.
Though the thought of a cheap flight is tantalizing, basic economy definitely has its drawbacks. Passengers who take advantage of the cheap fares will not earn points (Aeroplan miles or Westjet dollars) with the airlines, cannot change their flights, are ineligible for refunds, and cannot upgrade their seats.
Though some predict the limiting and cost-effective option will see backlash from dissatisfied passengers, Lazar predicts Canadian travelers will adapt quickly to the no-frills travel option.
“Just like when [airlines] started charging for food, charging for blankets, pillows, there were complaints. You rarely get them nowadays,” Lazar said.
Learn more about Canadian airlines’ “basic economy” option here.
Why Students Make Their Ideas Commercial Faster – Forbes
This week, a Forbes article about student entrepreneurs featured a paper authored by three experts, including University of Toronto’s Rotman School of Management professor Joshua Gans. The book, “Control Versus Execution: Endogenous Appropriability and Entrepreneurial Strategy,” whose other authors include Kenny Ching of University College and Scott Stern of MIT Sloan, explored entrepreneurship in technological innovation.
The researchers looked at the successes of student-led and faculty-led entrepreneurial endeavors and found that students prioritize bringing an idea to fruition quickly, rather than obtaining intellectual property assets. Forbes used the findings in the paper to suggest that student entrepreneurs are more successful due to their emphasis on speed over caution.
“Our analysis suggests that student entrepreneurs, with less time and with less access to university intellectual property institutions, are more likely to choose an execution-oriented strategy. Compared to University faculty, who are more likely to be patient, wait for delayed market entry and pursue a control-oriented strategy with formal protection.” – Kenny Ching
Learn more about why student entrepreneurs are often successful here.
New Course Explores Intersection of Business and Community – McMaster’s Brighter World Daily News
First year students in the Integrated Business and Humanities (IBH) program at McMaster University’s Degroote School of Business have been traveling to downtown Hamilton to attend a weekly class at CityLAB. CityLAB is a hub that allows students from community institutions (McMaster University, Redeemer University College, and Mohawk College) to collaborate with municipal staff and engage with the community to tackle pressing projects and issues.
Integrated Business and Humanities meet at the CityLAB space / Photo via dailynews.mcmaster.ca
“It’s a totally new way of learning,” said IBH student Yael Morris. “We’re finding out how we can apply social innovation not just to business, but to our everyday lives so we can build relationships and interact with people in our communities.”
The class, IBH 1AD3 allows students to gain a new perspective on challenges facing their community, and to tackle these challenges from a business perspective. IBH was a collaboration between that Business and Humanities faculties aimed at producing industry leaders apt to address societal issues such as sustainability and business ethics.
“Through a combination of instruction, community-based guest speakers, field trips and projects, students have been learning about the concepts that underpin community engagement and social innovation, as well as about social enterprise and the business models used by community organizations.”
Read more about McMaster’s CityLAB course here.
DeGroote Professor Workplace Policy Helps Shape New Law, and More -Toronto News
This week, Toronto business schools discuss substantial contributions to the workplace, researchers from DeGroote and Ryerson have each worked to make workplaces more just and equitable, and a new book by Rotman professors gives practical tools for incorporating AI into business.
Doing Right By Employees Ultimately Pays Off – McMaster Brighter World
Research from Isik Zeytinoglu, professor of human resources and management at McMaster University’s DeGroote School of Business, has shown that treating employees well may be a shrewd move for employers. Dr. Zeytinoglu, whose research influenced the World Health Organization’s WHO Healthy Workplace Framework, has been touting the benefits of a healthy relationship between employers and workers for over 30 years. The Fair Workplaces, Better Jobs Act, which came into effect at the beginning of April, had many benefits and protections for workers, including a requirement that part-time and temp employees must receive the same pay as full-time staff for the same work.
“In the long term, equity helps society, the community, and the economy,” Zeytinoglu said. “Throughout history, there have been employers who considered fairness and behaved justly toward their workers, and they are the ones who have prospered.” It is no coincidence that the new law aligns with much of Zeytinoglu’s research; in fact, the government consulted the professor during the bill’s formative stages.
Read more about the new bill and Zeytinoglu’s work here.
These Are the Workplace Gender Equity Tactics That Actually Work – Canadian Business
This week, professors at Ryerson University’s Ted Rogers School of Management, Martin Fabro and Chris MacDonald, wrote an article on gender equity for Canadian Business; a follow-up to one the authors wrote in late March, “A Seven-Step Plan To Improve Gender Diversity At Any Company.” While the first piece offered actionable instructions to improve gender diversity, Fabro and MacDonald focused their follow-up on which of the most popular gender diversity tactics were rooted in evidence-based practices.
The Ryerson researchers explored which gender equity practices helped to either, “actively improve gender diversity (and in particular to increase the number of women in leadership roles), and to reduce underlying gender bias and discriminatory attitudes within the organizational culture.”
Learn more about improving gender equity in the workplace here.
PREDICTION MACHINES: The Simple Economics of Artificial Intelligence – Rotman New Releases
In their new book, PREDICTION MACHINES: The Simple Economics of Artificial Intelligence, Ajay Agrawal, Joshua Gans, and Avi Goldfarb took on the task of theorizing the possible role of artificial intelligence in business. In the past, the possible effects of AI on business seemed so vast, they were difficult to tackle. Agrawal, Gans, and Goldfarb demystify AI, by re-framing it as a prediction tool.
“More than just an account of AI’s powerful capabilities, PREDICTION MACHINES shows managers how they can most effectively leverage AI, disrupting business as usual only where required, and provides businesses with a toolkit to navigate the coming wave of challenges and opportunities.”
A book launch was held at the Rotman School of Management on April 16.
You can read more about PREDICTION MACHINES here.
What’s It Like to Earn Your MBA in Canada at McMaster’s DeGroote School?
Hockey, maple syrup, the friendliest people you’ll ever meet … all reasons to love Canada. But have you ever thought to earn your MBA in Canada?
More often than not, when MBA candidates think about where to go to school, they tend to scour the U.S. for the best programs. Occasionally, they’ll expand their reach overseas to the top programs in the UK and Europe, but often Canada is overlooked; and that’s a mistake. Canada has become an international destination for MBA students looking for an affordable education with an excellent reputation.
Canadian MBA programs offer many of the same opportunities as U.S. programs, but with some surprising benefits. To get a better idea of what it’s like to go to school in Canada, we talked to Bach Dang, a ’19 MBA student at McMaster University’s DeGroote School of Business. Continue reading…
What Toronto MBA Can You Earn in the Least Amount of Time?
It’s easy to see why earning an MBA could be a huge boost to your career—but if the thought of putting those things on hold for two years while pursuing your degree is a source of great anxiety, you are not alone. Many who might otherwise have the ambition and skills to thrive in an MBA program may simply not have the option of putting their life on hold for two years and enrolling in school full-time. This can mean that many talented and driven individuals won’t have access to the kind of opportunities for advancement and growth that an MBA provides.
Not every MBA program requires two years of full-time work. But part-time and weekend programs can often have the opposite problem for individuals eager to earn their degree and reap its benefits. While such programs allow students to continue working full time while earning their degree, they can often take up to three years or more to complete.
For individuals driven to earn their degree quickly, there are a number of programs that allow students to earn an MBA in under one year, reducing the amount of time without an income and moving allowing for a quick path to the salary increase and advancement opportunities an advanced degree is likely to offer.
In Toronto, many top business schools offer accelerated or abridged versions of their MBA programs that can be completed in as little as eight months.
The Fastest Toronto MBA Programs
Ivey Business School – Western University Canada
The Accelerated MBA at the Ivey Business School is available for students who have recently graduated from Ivey’s HBA program, allowing students to earn their degree in just eight months—without needing to take the GMAT exam. This makes it not only among the fastest Toronto MBA programs you can find, but also among the most unique.
The program takes place over the course of eight months, building on the base of knowledge earned during the HBA program. The courses are designed to refresh students on business fundamentals, while also providing career-centered electives in fields like marketing, finance, entrepreneurship, and more. The program also allows students to pursue study abroad through an optional trip to China, South East Asia, or South America.
The benefits of Ivey’s Accelerated MBA are evident for graduates: 97 percent of students earned an offer of employment by within three months of graduating, reporting an average post-graduate salary of $107,116. About 65 percent of employment offers were also facilitated by the university, demonstrating the indelible benefits of the connections made while in school.
DeGroote School of Business – McMaster University
The DeGroote School of Business at McMaster University also offers an Accelerated MBA for students graduating from a Canadian university with their undergraduate degree in business. Attending full-time, the program can be completed in as few as eight months, making it one of the most time-efficient MBAs available to students in Canada.
By exempting students from the required first year MBA courses, students can earn their degree quickly while also cutting their overall tuition expenses in half and accelerating their path to employment. The program is designed for students who have earned their undergraduate business degree in the last ten years, and have at least one year of professional experience. Students may start the program in either September or January.
Wilfrid Laurier University – Lazaridis School of Business & Economics (Toronto Campus)
The One-Year MBA at Wilfrid Laurier’s Lazaridis School of Business & Economics is a unique program that immerses students fully in an integrated model of business education, asking students to constantly make use of the knowledge gained during the program through team projects, case study analysis, and as consultants for a real business. The degree is designed for graduates from any four-year university with at least two years of professional work experience.
Wilfrid Laurier University also offers one of the fastest MBAs you can earn in Canada, with the One Year Lazaridis School of Business & Economics MBA.
The Lazaridis MBA can be completed in just twelve months, offering one of the best return on investments of any Canadian MBA program. Located in Waterloo, a center of technology and finance within Canada, the One-Year MBA also allows students to choose from over 10 different MBA concentrations, such as entrepreneurship, strategic management, supply chain management, and organizational behavior.
Schulich School of Business – York University
The Schulich School of Business‘ Accelerated MBA allows students to bypass many of the Year 1 MBA requirements, cutting the time it takes to complete the degree by half. The program can be pursued either on a full-time or part-time basis, and can be completed within just eight months with the full-time option. The program is reserved for students who have earned a BBA or BCom degree in Canada within the past ten years. With 89 percent of all Schulich MBA students earning a job offer within three months of graduation from their respective programs, the Accelerated MBA gives students the chance to join the workforce much sooner and quickly reap the benefits of their education.
Rotman School of Management – University of Toronto
For prospective MBAs with several years of professional or managerial experience, another way to quickly earn an MBA is by pursuing an Executive MBA, designed specifically for senior managers and executives. Executive MBA programs, such as the One-Year EMBA at the University of Toronto’s Rotman School of Management, can typically be earned in 13 months or less and are designed to accommodate the schedule of a busy professional. While executive programs typically cost more than other MBA variations, the Rotman One-Year MBA stands out as the fastest EMBA you can earn in the Toronto metro.
How Toronto Schools Can Help You Pay for Your MBA
Earning your MBA can be an expensive prospect. In Canada, tuition at the most expensive MBA programs can cost more than $100,000 for full-time and part-time students. This can be difficult for some low-income applicants.
So, what are some Toronto schools doing to help offset the cost of tuition, living, and other expenses to pay for your MBA? Continue reading…
