Western University Tops Bloomberg Canada Business School Ranking
Bloomberg Businessweek‘s recently revealed its top Canada business school rankings for 2019, with Western University Canada’s Ivey Business School leading the way.
Continue reading…School v. School: Queen’s University Smith School of Business vs Toronto Rotman School of Management
Apples or oranges? Steak or chicken? Toronto or Kingston, Ontario? If you’re having a difficult time making a decision, you’re not alone. When it comes to choosing the best MBA program for your needs, there can be more than one choice that seems like the “perfect” fit, so how make a final decision? It’s not easy, but that’s what we’re here for.
Our School v. School series offers a point-by-point comparison of two highly respected MBA programs in Ontario: Queen’s University Smith School of Business and the University of Toronto Rotman School of Management. Keep reading to see how each school stacks up. Continue reading…
No Work Experience? Check Out These Canadian MBA Programs
The question of what differentiates you from the pack during the MBA application process is a daunting one. How will your stellar GPA, along with a miles-long list of extracurriculars, volunteer work, and other experiences stand out? Furthermore, what if you just haven’t had the time to earn years of professional experience?
Never fear, because many MBAs pursue their degrees without an extensive professional resume. Here is a look at some programs in Canada that do not require work experience.
The 5 Highest Paid Toronto Internships for MBAs
Toronto is Canada’s largest city and home to leading companies in both business and finance. There’s a particularly large concentration of banks as well as media companies, publishing firms, telecommunication, IT, and film production companies. There’s a little bit of everything in the city including top MBA programs such as McMaster University’s DeGroote School of Business, Ryerson University’s Ted Rogers School of Management, and York University’s Schulich School of Business.
But where should you look for paid Toronto internships? First, the industry you choose matters. According to the 2018 employment report from the University of Toronto’s Rotman School of Management, you should stick with three industries if you want to earn the most money: law/legal services ($18,000 per month), consulting ($6,332 per month), and financial ($5,623 per month).
Specifically, you might want to check out these five high paying internships in the Toronto metro.
The 5 Highest Paid Toronto Internships for MBAs
Sun Life Financial is a Canadian financial services company headquartered in Toronto. It is as one of the largest life insurance companies in the world, spanning back to 1865. The company pulls in around $28.5 billion in revenue each year, with over 30,000 employees worldwide.
MBA students looking for an MBA internship have multiple options. In particular, there are positions in finance, HR, and real estate. There are also co-op options in the Business Leaders Internship Program. This program gives students ten weeks to work in a number of functional areas to learn where they can be successful.
According to Glassdoor, interns can expect to earn:
- Salary: $3,166 – $4,333 Per Month
Ontario Power Generation, owned by the government of Ontario, is responsible for half of the electricity generation in the Province. The company uses nuclear, hydroelectric, wind, gas, and biomass electricity. The energy diversity helps pull in about $4.73 billion in revenue each year, employing 10,840 people.
For MBA students, the company offers both winter and summer internship opportunities. Interns analyze new business opportunities, pitch marketing, complete customer research, and perform business model development.
Glassdoor reveals that an average intern earns:
- Salary: $4,160 – $5,440 Per Month
BMO Financial Group is a Canadian multinational banking and financial services company. It’s one of the big five banks of Canada and is the fourth-largest by market capitalization and assets. In fact, it’s one of the ten largest banks in all of North America with $21.7 billion in revenue each year and 45,200 employees.
YOU MAY ALSO LIKE: What MBAs Should Know About BMO Financial
An MBA internship at BMO can cover a variety of job functions from financial modeling analyst to program management, investment banking, and capital markets. Through the program, students gain hands-on experience working with a team of seasoned professionals.
According to Glassdoor, an MBA intern can expect to earn:
- Salary: $3,000 – $4,160 Per Month
The Royal Bank of Canada (RBC) is a multinational financial services company and the largest bank in the country by market capitalization. It services over 16 million clients worldwide with personal banking services and products. 2017 estimates were around $40.6 billion in annual revenue with 79,000 employees.
RBC is home to a robust internship program with opportunities to work as a data scientist, business analyst, capital markets advisor, global equities, and more. Each internship program provides MBA students with the chance to work as a strategic advisor across a variety of industries from energy to health care, technology, real estate, media, and more.
As an intern, you can expect to earn a good salary according to Glassdoor:
- Salary: $4,833 – $5,166 Per Month
TD Securities is another Canadian investment bank and financial services company, offering advisory and capital market services. It is particularly known for providing expertise in corporate and investment banking, capital markets, and global transaction services. In 2016, TD Securities earned $3.03 billion in revenue with just 3,800 employees.
As far as internships for MBA students, there are many interesting 10-week options with business tracks in corporate and specialty banking as well as retail and product. These internships provide practical, hands-on experience, and can lead to participation in the 12-month MBA Associate Track Program post-graduation.
Based on intern salaries submitted to Glassdoor, MBA students can expect to earn:
- Salary: $3,250 – $4,166 Per Month
Toronto Playoff Success Is Good For Business, and More – Toronto News
Playoff Fever for Leafs, Raptors Fans – CityNews Toronto
With the NBA and NHL playoffs about to begin, Schulich School of Business sports marketing professor Nitish Bissonauth talked about the underlying financial positives of repeated playoff appearances. Which is pretty good news for the Toronto Raptors and Maple Leafs.
Watch the video below, via CityNews Toronto.
Golf and Tennis Executive Raises His Game After Earning MBA – The Globe & Mail
David Main, the general manager at the Toronto Lawn Tennis Club, has held senior management positions at various Ontario golf and tennis clubs for the past 10 years. He credits his MBA education from Western University Canada’s Ivey Business School with giving him the tools he needed to thrive in this field. Due to Main’s use of his MBA education to pursue a career in the golf and tennis industry, The Globe And Mail featured him in its most recent addition to a series on graduates utilizing their MBAs in non-traditional fields.
“Mr. Main says he started his MBA at 34 and was part of a small group of students at Wilfrid Laurier University in Waterloo, Ont., who were about 10 years older than the rest of the class. He felt comfortable enough in the room – and more comfortable than the year prior, when he took a few undergrad business classes to brush up on basic concepts alongside 18 and 19-year-olds—until he said what he did for a living.”
“‘I was the oddball,’ he admits. ‘We’re going around the room and introducing ourselves. And there were people in finance at TD [Toronto-Dominion Bank], working at KPMG, working with PriceWaterhouseCoopers, and I was like, ‘I’m a golf professional.'”
Read more about David Main’s trajectory here.
The Global Housing Crisis – CityLab
Richard Florida, the Rotman School of Management professor and director of cities, along with Benjamin Schneider, recently wrote with CityLab about how the housing crisis has moved beyond a regional issue into a truly global one.
“The global housing crisis reflects a fundamental paradox of contemporary capitalism. Cities around the world are more economically powerful and essential than ever. This creates tremendous demand for their land, leading to escalating housing costs and competition.
Meanwhile, housing has been financialized and turned into an investment vehicle, which has caused an oversupply of luxury housing and a lack of affordable housing in many cities across the world. The global housing crisis is defined by a chronic shortage of housing for the least advantaged, and in many cases, for the working and middle classes as well.”
The two also noted that the perceptions of the world’s most expensive cities to live is a bit misguided. “The world’s most unaffordable housing markets are not New York, London, and Los Angeles, or even San Francisco, but Hong Kong, Sydney, Vancouver, and Melbourne,” they write. “London, Toronto, and Brisbane are also high up the list. Housing is also terribly unaffordable in Tokyo, Singapore, Shanghai, Beijing, Moscow, Paris, Stockholm, Amsterdam, Geneva, Rome, Milan, and Barcelona, according to other studies.”
A sweeping view of Villa 31, Buenos Aires / Photo via Natacha Pisarenko/AP
You can read more from Florida and Schneider here.
Wilfrid Laurier Leads Canadian Student Career Services
Wilfrid Laurier University offers some of the top student career services model among universities in Canada, according to a recent independent study. The study, conducted by the Canadian Education and Research Institute for Counseling (CERIC), reviewed colleges and universities across Canada to see which had an “impressive” model of career service. They looked at universities that: evaluated services regularly, measured outcomes, delivered proactively and collaborated extensively with campus stakeholders. Wilfrid Laurier emerged with the highest score. Continue reading…
