Post tagged "toronto"


Dec 6, 2017

Ivey MBA Graduates Making Big Wins in the World of Hockey

Ivey MBA Graduates Making Big Wins in the World of Hockey

MBA graduates from the Ivey Business School at Western University Canada, alongside other business alumni from the university, are making big wins in the world of sports.

From the intense academic experience inside Ivey classrooms to international study trips and strong alumni networks, graduates of Ivey’s many business programs, including their MBA degree, are changing the game for hockey in Canada and across the world.

Not every MBA’s success in hockey is even relegated to work off the ice. For Dave Barrett, MBA ’04 and PhD ’14, who helped coach the Western Mustangs Women’s hockey team to a championship title in 2015, there are many similarities between coaching players on the ice and priming students for business success.

“Shaping the environment that they work in and what they think about themselves is a lot of what we do here at Ivey,” Barrett comments. “It’s creating that culture—you bring good hockey players in and you have to shape them into a unified force. It’s the same here, too.”

Other major players from Ivey are finding ways to connect their love of business with a passion for hockey. Karin Adams, HBA ’06 and MBA ’14, has allowed her passion to lead her to a career in the Total Rewards department of the Maple Leaf Sports & Entertainment company. As Senior Director of the department, Adams is responsible for building a compelling employee value proposition for employees company-wide.

“As we continue to grow the breadth of our portfolio, it has different demands on the talent needs the organization has,” Adams says. “It changes where we need to be looking for talent and what we are doing in order to recruit and retain them.”

In addition to the MBA alumni, Ivey graduates of the HBA and MSc department can also be found making an impact in the world of hockey. Among them are John Chayka, the 28-year old General Manager of the Arizona Coyotes, HBA ’14, who was hailed as “one of the NHL’s 10 smartest off-ice hirings of the 2015 off-season,” and Dario Zulich, HBA ’86, who plans to use hockey to rebuild tourism and revitalize the community of Greater Sudbury.


Nov 29, 2017

Inside the University of Toronto’s Creative Destruction Lab

Inside the University of Toronto’s Creative Destruction Lab

The Creative Destruction Lab (CDL) at the University of Toronto Rotman School of Business is a seed-stage program created exclusively for scalable science-based companies. Launched in 2012, this program employs objectives-based mentoring to help maximize equity value creation for its ventures. The lab is best suited for early-stage companies, particularly those with links to university research labs.

The Creative Destruction Lab Program

The CDL is a nine-month program that employs a coaching process to help business founders commercialize their advances in science and technology. There are four main elements of the program:

  • Mentorship: The founders work alongside select entrepreneurs and angel investors in intensive full-day sessions to assess their business progress and to set short-term objectives.
  • Investment Opportunities: Founders have the chance to raise capital in meetings with entrepreneurs, angel investors, and partners from leading venture capital firms.
  • Technical Feedback: The founders receive advice on their technical road maps and objectives from world-renowned experts at leading academic institutions.
  • Business Development Support: Finally, the founders are able to work with MBA students to develop their financial models, evaluate potential markets, and fine-tune their strategies for scaling.

“The breadth and depth of insight that we were given access to was phenomenal,” said participant Karl Martin, founder of Nymi, a wearable technology firm in the healthcare space.

CDL Locations

Unlike many seed-stage programs, CDL has centers in five locations across Canada. Each location focuses on a specific stream of ventures and offers specific resources.

  • Calgary: Working with the Haskayne School of Business, the Calgary location focuses on a few key research pillars including energy innovations, human dynamics, engineering solutions for health, new earth-space technologies, and other areas.
  • Halifax: The Halifax location leverages the Rowe School of Business at Dalhousie University and fosters “blue-green” technology—focused on agri-tech, bioproducts, and environmental technology—and “prime” technology, including startups tackling problems in healthcare, finance, energy, chemical, media, transportation, and agriculture.
  • Montreal: In partnership with HEC Montréal, the Montreal location focuses on startups using artificial intelligence and data analysis technologies.
  • Toronto: The main location in Toronto, run alongside the Rotman School of Management, focuses on three types of startups. The first is “Prime” startups tackling problems in healthcare, finance, energy, chemical, media, transportation, and agriculture. Meanwhile, Quantum Machine Learning startups are grounded in physics, math, statistics, machine learning, electrical engineering, and/or quantum computing. Finally, massively scalable Artificial Intelligence/Machine Learning startups focus exclusively on artificial intelligence and machine learning.
  • VancouverLocated in Vancouver, this location operates in partnership with the Sauder School of Business at the University of British Columbia. It focuses on startups in the “Prime” stream as well as those in BioMedTech, including chemical, biological, and medical ventures.

Partnership with NYU Stern to Expand CDL to New York

And, beginning on September 1, 2018, the Creative Destructive Lab will partner with the NYU Stern School of Business to establish its first lab outside of Canada. The newest location will bring Stern faculty and MBA students alongside angel investors, serial entrepreneurs, and founders of pre-seed stage startups in science and technology. CDL New York will begin accepting applications in January 2018 and expects to admit around 25 ventures the first year.

“Our model for developing massively scalable science-based ventures has proved successful in Canada. And we anticipate it will be similarly successful for our partners at NYU,” said Ajay Agrawal, a Rotman entrepreneurship professor and the founder and academic director of the lab, in a recent news release about the expansion.

New Program Executive Director

In other news, Rotman chose Sonia Sennik to be the inaugural executive director of the Creative Destruction Lab and its national network of programs. Sennik will be responsible for the lab’s oversight and coordination as well as its strategic operational and programmatic leadership.

As a recent graduate of Rotman’s Executive MBA program, Sennik is uniquely positioned for her new role. She was the inaugural recipient of the Rotman Social Impact Award and excelled in leadership during her time in the program. She’s also held senior project and engineering management roles at HATCH, a global engineering consultancy.

Of Sennik’s appointment, Agrawal said in a news release: “The Creative Destruction Lab is expanding rapidly, both geographically and programmatically. Sonia will provide leadership, vision, and energy to help ensure the success of the Lab and its ventures in the coming years.”

Graduates of CDL

Over the years, the Creative Destructive Lab has had many graduates, including:

  • Thalmic Labs (Waterloo): Thalmic Labs develops revolutionary wearable technologies that explore the future of human-computer interaction.
  • Atomwise (San Francisco): Atomwise is a Deep Learning technology designed for novel small molecule discovery to help develop better medicines faster.
  • Deep Genomics (Toronto): Deep Genomics creates life-saving genetic therapies including a biologically accurate data- and AI-driven platform that supports geneticists, molecular biologists, and chemists.
  • Kyndi (Palo Alto): Kyndi incorporates advanced artificial intelligence and symbolic natural language understanding to help knowledge workers process and consume vast amounts of information in order to better make critical decisions.
  • Heuritech (Paris): Heuritech bridges the gap between social media and commerce with cutting-edge deep learning technology that detects emerging product buzzes online.

To learn more about the Creative Destructive Lab, including information about applying, visit the main CDL website.

This article has been edited and republished with permissions from Clear Admit.


Nov 28, 2017

Introducing DeGroote’s 1st EMBA in Digital Transformation Class Grads

Introducing DeGroote’s 1st EMBA in Digital Transformation Class Grads

The first cohort of Executive MBA students at the McMaster University DeGroote School of Business just wrapped up their graduation, ready to take on the business world with their unique education in Digital Transformation.

Just over a year ago, the DeGroote School of Business launched a new Executive MBA in Digital Transformation, enrolling twenty new students that came to the program already as top players in their fields. The new class had an average of 12 years of professional experience and were an average age of 42. Almost a quarter of the students are international, and have traveled to places like Finland, Hong Kong, and India.

The EMBA in Digital Transformation at DeGroote is a 13-month long program centered around four residential modules in both Silicon Valley, California, and Southern Ontario. The world’s first EMBA focused on the management of digital systems, the program boasts corporate partnerships with CIBC, IBM, SAS, and other top brands.

“DeGroote’s EMBA has equipped me with the right skills and competencies to be able to build a business proposal for a new innovation, and bring forth an idea to executive decision-makers, including board members,” commented EMBA graduate Mỹ Dang, a specialist with more than a decade’s experience in regulatory affairs who currently works with the pharmaceutical company Boehringer Ingelheim.

When asked about why she decided to join the program, Dang told the school:

“I heard about the program when I was looking for a healthcare-focused institution that offered design-thinking and innovation as part of their curriculum. The EMBA also carried the McMaster brand, which is renowned for its leadership in the healthcare space. I am a patient advocate and very passionate about the healthcare sector, which is in dire need of innovation. The EMBA program focused on the exact needs of the healthcare industry, which include leveraging digital platforms and data analytics, as well as integrating design-thinking methodologies, while emphasizing bringing innovation to the forefront. There is much work to be done in healthcare so patients can have better experiences. Current practices were never built from the perspective of patients, and this is becoming increasingly unacceptable. In addition, the pharmaceutical industry has been undergoing significant transformation in the last few years. We are behind, when compared to other business sectors in this digital revolution era. This industry needs individuals equipped to meet the changing times.”

You can read the rest of Dang’s interview and find more information about the DeGroote EMBA program here.


Nov 2, 2017

Finding The Best Toronto Accelerated MBA Programs

Finding The Best Toronto Accelerated MBA Programs

One-Year or Accelerated MBA programs give students the opportunity to gain the strong business foundation of an MBA education in half the time as a traditional MBA. Students in accelerated MBA programs can also reduce the overall cost of their degree while also minimizing the amount of time spent without earning a full-time income.

Last summer, we took a look at some of the city’s best accelerated program offerings. However, we have updated our overview, including more of our favorite Toronto school’s with uniquely exciting accelerated programs.

The Toronto Accelerated MBA Programs You Need To Know

Schulich School of Business – York University

The Accelerated MBA at York University’s Schulich School of Business gives students the chance to dive straight into the second year of their degree program. With the option to pursue the degree either full or part-time, students can complete the Schulich MBA in as little as eight months. The program is reserved for students who have completed either a BBA or BCom degree in Canada within the past ten years that is similar in structure to the BBA at Schulich, but students without this requirement may still be eligible for some form of accelerated degree.

DeGroote School of Business – McMaster University

The Accelerated MBA at the McMaster University DeGroote School of Business can be completed in as little as eight months if pursued on a full-time basis. Students in the accelerated program are exempt from first year MBA courses and will only pay half the tuition of the two-year program. The accelerated program is designed for students who earned an undergraduate business degree in the last ten years, maintained at least a B average in the final two years of their undergraduate degree, and have at least one year of professional work experience.


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Ivey Business School – Western University Canada

The One-Year accelerated MBA program at the Ivey Business School at Western University Canada is designed for ambitious students who want to further develop their leadership ability and accelerate their career. The Ivey MBA gives students real-world experiences through global learning opportunities and projects that provide hands-on business practice. The Ivey curriculum is centered around a unique case study method, which uses over 300 cases each year to allow students to practice real business challenges.

Rotman School of Management – University of Toronto

For advanced business school students with more professional experience, the Rotman School of Management at the University of Toronto offers a uniquely inviting One-Year Executive MBA; perfect for upper level managers looking to further develop their skills in management, decision-making and leadership. Within 13 months, the EMBA will provide students with hands-on leadership experience designed to change the way MBAs approach business and make decisions. The degree is also designed work around a student’s career, providing the opportunity for students to constantly be applying their education outside of the classroom.

Ted Rogers School of Management – Ryerson University

At Ryerson University’s Ted Rogers School of Management, students can select from a number of different formats in which to pursue their MBA. Students with a BBA, BCom or equivalent degree and at least two years of North American work experience have the option to earn their MBA in just 12 months. The Ted Rogers MBA program is centered around experiential learning, with events like Integrative Week/Weekend, allowing student work to be critiqued by industry professionals. Students will also be required to complete their final semester centered around real-world application of theory and analysis learned in the classroom through a capstone project and internship.


Oct 9, 2017

MBA Graduate Joins Rotman as Lab Executive Director

MBA Graduate Joins Rotman as Lab Executive Director

At the Rotman School of Management at the University of Toronto, graduation can mean a new position with the school itself, which is exactly what happened to Sonia Sennik.

Sennik recently graduated from the school’s Executive MBA program, according to a press release. Now, she’s joining the business school as the first-ever national Executive Director of the Creative Destruction Lab. She will be working alongside lab founder and Academic Director Ajay Agrawal, the school’s Peter Munk Professor of Entrepreneurship. The lab has been helping science-based business ventures succeed since 2012. It mentors them what they need to know to get past the “seed stage.”

Rotman describes the lab:

“It employs a unique, objectives-focused coaching process to help founders commercialize advances in science and technology. The Lab also provides experiential learning to MBA students through year-long courses where students work alongside the Lab’s Fellows and venture founders, giving them a unique chance to learn how to evaluate, finance, and manage technology businesses.”

“The Creative Destruction Lab is expanding rapidly, both geographically and programmatically. Sonia will provide leadership, vision, and energy to help ensure the success of the Lab and its ventures in the coming years,” Agrawal said in the press release.

Sennik’s held important titles before, too. There’s HATCH, a consulting agency for engineering and construction projects, where she “held senior project and engineering management roles.” She was also the first to receive the Rotman Social Impact Award.

She’ll now help take the lab further, and it’s accomplished lots already. Its graduates prove it. Some of these companies include Atomwise in San Francisco and Kyndi in Palo Alto. This year, the lab expanded to include a program all about quantum machine learning startups.

We’ll see what’s next with Sennik in charge.


Oct 2, 2017

Schulich Tops Forbes’ Canada Rankings

Schulich Tops Forbes’ Canada Rankings

Canada: birthplace of poutine and your potential business school destination. If you’re looking at the latter, the Schulich School of Business at York University should be at the top of your list. It’s at the top of Forbes’.

The publication has ranked the business school as the best in Canada among two-year MBA programs. For all non-U.S. schools, Schulich came in fourth overall when looking at how long graduates take to make up the cost of their MBA.

Forbes‘ annual ranking analyzes what business schools are the best—and which ones are worth attending. They base their lists on a school’s return on investment, or, ROI. With this qualifier in mind, Schulich won among one-year and two-year MBA programs in Canada.

Forbes has once again rated the Return on Investment provided by a Schulich MBA degree as one of the best in the world,” said Schulich Dean Dezsö J. Horváth, in a press release. “For MBA students, the Return on Investment they receive after graduating is a significant factor when determining the value of their degree. The latest Forbes survey captures an important statistical measure of the return on investment our MBA students can expect once they graduate.”

The school is not far from the bustle of downtown Toronto, providing an international appeal to its students, most of whom come from beyond Canada. In 2016, half of the MBA students came from Asian countries. Schulich offers a number of MBA programs, which a person can take full-time or part-time. But there’s an executive MBA and accelerated MBA too (it takes just eight months!).

Around 26 percent of applicants are accepted, so if Schulich is top of your list, you better be ready. It probably won’t be easy.


Sep 28, 2017

Canada’s MBA Programs are Rising

Canada’s MBA Programs are Rising

The recent release of the GMAC 2017 Prospective Students Survey Report revealed some mixed revelations. While the status of smaller U.S. school MBA programs may be up in the air, international programs, particularly in Canada, are looking rosier than ever.

Overall, schools in Canada and Europe saw a 50 percent-plus increase in application volume from international candidates, of which GMAC speculates may be a result of political turmoil, particularly in the United States. This is a direct contrast from four years prior, in which less-than half of the Canada, UK, and other European business schools were seeing international applicant growth.

In the GMAC survey, an anonymous Canadian full-time MBA also noted, “The US presidential election has had a impact on our application numbers. Many international students choose Canada as their first choice.”

Niki da Silva, the Managing Director of the full-time MBA program at the Rotman School of Management at the University of Toronto, recently spoke with the Globe & Mail after the release of the report, saying, “This is our opportunity. We have to be anti-Canadian in this moment and really talk about what we are doing. We don’t tend to do that but we need to.”

By The Numbers

Results from the survey found subtle yet distinct differences between the international applicant pools in the major MBA location destinations.

In the United States, Europe, and Canada, according to GMAC, the two most prolific countries with international applicants were unilaterally India and China, which came in either first or second place for each region. However, for Canada, the remaining top 10 international countries with high applicant pools differed slightly from the U.S. and Europe, especially regarding Middle Eastern and North African countries. The United Arab Emirates (6th most), Tunisia (9th), and Iran (10th) were no where to be found in either the U.S. or European top ten.

Breaking the applicant pools down further, GMAC found an unsurprising correlation between the distribution of citizenship by application for Canada and the U.S. and the new data trends. After Europe, which had the most diverse applicant pool (a tricky stat since Europe is qualifying every country on the continent, while the U.S. and Canada are counted as singular entities), Canada had the world’s second biggest international pool of applicants, with less than 50 percent of Canadian business school students having official Canadian citizenship.

Domestic applications, in contrast, are actually down. But the international pool in Canada is swelling, creating substantial overall growth.

“International applicants comprised the vast majority of applications to business programs in Canada—64 percent of MBA applications and 88 percent of business master’s applications.” – GMAC

Gregg Schoenfeld, GMAC’s Director of Research, also noted upward trend for Canadian schools, saying, “This is the first time in the past five years that the majority, in fact three-quarters [of Canadian schools in the survey], are saying they are growing international volumes.”

“From a speculative point of view, it seems that the U.S. political climate has essentially driven candidates to Canada,” he continued.


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The move to enroll more international applicants in Canadian schools started to emerge several years ago. Following lower periods of domestic enrollment, Canada’s MBA programs made a concerted effort to bring in more talent from abroad, creating a multi-year spring in growth that has not only benefited school enrollment, but fostered a positive international environment.

According to Global Affairs Canada, the result has been a positive economic boon as well. Upwards of 90,000 new jobs were created for Canadians just two years prior, while adding $10 billion to the country’s economy.

Tim Daus, Executive Director of the Canadian Federation of Business School Deans, previously noted that the trend was partly made possible because of the country’s flexible immigration policies, saying, “Canada’s visa requirements are much more flexible than other countries’, which gives us an edge. That makes a big difference for students who want to stay and work afterwards.”

Canadian Accolades

The substantial growth Canadian business schools have seen may not solely be the result of political overtones, rather, that many of the country’s best institutions only continue to improve.

The Schulich School of Business at York University in Toronto earned some hefty recognition from Forbes‘ recently released “Best Business Schools” global rankings, earning the 8th spot among the best international two-year program in the world. Schulich grads, Forbes claims, can expect a five-year net gain of over $48,000.

Last year’s Bloomberg BusinessWeek ranking of the best non-U.S. business schools also recognized both the Ivey Business School at Western Canada University and the Rotman School of Management among the top 25 programs in the world. Both the aforementioned Ivey and Rotman programs were recognized among the world’s 100 best by the Financial Times this year as well.

For more information on the best MBA programs offered in the Toronto metro, read our guide on the city, it’s best programs, and more today.


Sep 27, 2017

Highest Paid Starting Salaries for Toronto MBA Grads

Highest Paid Starting Salaries for Toronto MBA Grads

Earning an MBA in Toronto can be a practical decision for a myriad of reasons. Forbes named Canada the best country for business in the G20, with Toronto as its formal financial and business capital. It stands to reason Toronto may be one of the strongest areas for business not just in North American, but around the world as well. Its advantageous position close to the U.S. border makes the city a hotbed of international commerce, and as the fourth largest city on the continent, Toronto provides a wealth of opportunities for motivated professionals.

As though these reasons weren’t incentive enough to pursue higher education in Toronto, the city has the second highest quality of life in North America, according to the Mercer Quality of Living Survey. The city’s vital university system is full of talented and aspiring industry leaders ready to launch their own careers, readily taking advantage of everything the city has to offer.

For those of you planning to pursue your MBA in this cultural and fiscal epicenter, we’ve laid out which school grads have the highest starting salaries in the city.

The Highest Paid Toronto MBA Salaries

Ivey Business School—Western Canada University

Graduates from Ivey Business School will not be disappointed with the opportunities made possible by their degree. In 2016, 90 percent of graduating MBA students looking for jobs had received an offer by September and, by December, an impressive 96 percent of students were fielding offers. The average starting salary for grads in 2016 was $104,007 ($84,098 USD). The base salaries ranged from $40,000 to $192,000 ($32,344 to $155,255 USD), with the higher end of this range going to students who pursued consulting jobs. Since this program is just one year long, the high average starting salaries for students indicate a considerable return on investment, in terms of both money and time. Bloomberg BusinessWeek also ranked Ivey’s MBA as the best MBA program in Canada for the past three years.


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Rotman School of Management—University of Toronto

Those looking for an MBA education that will provide ample chance to earn a generous starting salary may be impressed with the possibilities open to Rotman School of Management grads. The average base salary for graduates in 2016 was $92,524 ($74,819 USD). The 2016 class had an employment rate of 80 percent within three months of graduation and an 85 percent employment rate after six months. The range of starting salaries for the class of 2016 went as high as $214,737 ($173,486 USD) in the legal services industry. Moreover, the Financial Times has named Rotman the best business school in Canada every year for over a decade.

Schulich School of Business—York University

An average starting salary of $91,860 ($74,282 USD) for the class of 2016 makes a Schulich School of Business an ideal place for motivated students to jump-start their careers. With 89 percent of MBAs from the class of 2016 hired within three months of graduation, Schulich grads clearly have a competitive edge in the business community. Schulich’s program is also renowned for its flexibility. Students can switch seamlessly between part-time and full-time enrollment, and can choose to accelerate their program for the opportunity to earn their degree in just eight months.


Sep 25, 2017

Ted Rogers Alum Raises Money for Flipd App

Ted Rogers Alum Raises Money for Flipd App

Raising money isn’t easy, but Ted Rogers School of Management alum Alanna Harvey may figured it out.

The former communications student at Ryerson University’s business school in Toronto successfully raised an undisclosed amount of funding for an app she co-founded, Flipd, according to a press release. The app “allows users to block phone distractions,” per the release. App users have spent more than 1 million hours distraction-free, the app’s website reads.

Educators can use the app by analyzing when students did (or did not) use their phone. This will help them evaluate more effective teaching methods. Students who need some help focusing also benefit from the app. But Flipd is really just about increasing productivity for people who get distracted by their cell phones. (C’mon, we’re all guilty of doing that.) The app even offers a blog that provides its users with words of wisdom on mindfulness and self-care.

A preview of Harvey’s Flipd app.

The app’s investors include Ryerson Futures, Figure 1 founders Gregory Levey, Richard Penner, and Joshua Landy, as well as Candice Faktor of Faktory Ventures. Harvey helped find this app-based company, but she’s put her communications degree to good use by serving as the Flipd’s marketing director. Investor Levey taught Harvey some of what she knows. He also knows a thing or two about startups.

“As a co-founder of my own startup, I saw some intriguing parallels with the way Flipd is approaching its mission,” Levey said in the press release. “And as someone who has taught undergrad and graduate students for over ten years, I definitely see the value of that mission.”

Both Levey and Harvey continue keeping the school’s spirit alive. The business school prides itself on its innovative education. They show what that looks like. Levey also shows what solidarity looks like through funding a former student’s app, which debuted in 2015 and has seen steady growth since its release.

Flipd is available for download in the iTunes Store and Google Play today.


Sep 18, 2017

First Integrated Business and Humanities Class Starts at DeGroote

First Integrated Business and Humanities Class Starts at DeGroote

McMaster University’s DeGroote School of Business has a surprise this year—and it’s all about integration.

The business school has joined two programs—humanities and business—to create a specialized program for students, according to a recent press release for Canada’s “next generation of business leaders.” Faculties from both McMaster’s schools of business and humanities helped create the new program, which the university offers this fall for the first time. Ever. Its name? The Integrated Business and Humanities (IBH).

“IBH will encourage community engagement and sustainable business practices, with a great deal of emphasis placed on responsible leadership and management tactics in a changing global economy,” said Program Director Emad Mohammad. Mohammad teaches accounting and financial management services at DeGroote. His research focuses on financial reporting and capital markets.

The school welcomed its first class of just 52 students. The class size was intentionally made small so that students can receive adequate individual attention from faculty. They were chosen based on their academic standing, leadership abilities, extracurricular activities, volunteer work, and community service. Each student was interviewed online rigorously before being accepted into the program.

Nearly half of the cohort can speak more than one language. Their curriculum includes classes like Introduction to Ethics, Foundations of Community Engagement, and Questions to Change the World.

“We need business leaders with the ability to deal with uncertainty, and with the complexities generated by the multiple cultures, histories, systems, and viewpoints of our interconnected world, as well as leaders who understand the far-reaching consequences of their decisions, and are guided by an ethical framework,” Associate Dean of Humanities Anna Moro said. “The Humanities offerings in this program will help provide students with the foundation they need to develop these indispensable skills.”