Richard Ivey School of Business is affiliated with the University of Western. The school has received accolades from various ranking agencies for its MBA program making it one of the top business schools in Canada. Currently, the student population of Ivey, houses 31% international applicants.
Applicants looking forward to applying for an MBA at Richard Ivey can send in their applications up until 20 September, 2023. Additionally, you must have a GMAT score of 640-680. For those accepted into the courses at Richard Ivey, it can cost you around C$120,000 annual to cater the tuition charges. However, the school offers an admission scholarship to around 80% of the students. Prospective candidates can also opt for other scholarships in Canada for International students.
Why Richard Ivey School of Business?
- Popular for its Case-Method of Learning, Ivey Business school is, alongside Harvard, among the two most important producers of business cases in the world.
- The world's largest producer of current Asian and Indian business cases.
- First international B-school to have a permanent campus in Hong Kong.
- 90% of career placement rate after six months of completion of MBA course.
Check out MBA Jobs in Canada!
Richard Ivey School of Business Ranking
Though the school did not make it to 2023 rankings some of its recognition from previous years are:
- According to THE, World University Rankings 2022 ranked 46th in Masters In Management.
- In 2022, Financial Times ranked the MBA program no. 1 in Canada and 87th globally. The Executive Education program ranked no. 1 in Canada.
Highlights
| Type of University | Public |
| Establishment Year | 1922+ |
| Location | London, Ontario |
| Campus Setting | Urban |
| No. of Campuses | 4 |
| On-campus Accommodation | Available |
| Mode of Program | Full-time |
| Number of Students | 1,600+ |
| Full-time Faculty | 109 |
| Mode of Application | Online |
| GMAT/GRE score | Required |
| Financial Aid | Scholarships, awards, grants |
| Official Website | https://www.ivey.uwo.ca/ |
Richard Ivey School of Business Campus
The main campus of Richard Ivey School of Business is located within the Western University’s campus in London, Ontario. However, the school also has its campus in three other locations -
- Spencer Leadership Centre in London, Ontario: This campus is a short distance from Western’s campus and is home to the Ivey Academy. It covers an area of 30 acres and offers Ivey Academy and EMBA programs.
- Donald K. Johnson Centre: This centre is located in the Exchange Tower in Toronto's financial district. It is a state-of-the-art executive teaching facility offering executive education and EMBA programs.
- Hong Kong Campus: This campus is home to the Cheng Yu Tung Management Institute in the Hong Kong Convention and Exhibition Centre. It only offers executive education programs.
The Richard Ivey Building has achieved the Gold Leadership in Energy and Environmental Design (LEED) certification. The school also boasts having various clubs such as HBA Social Impact Club, Ivey Connects, MSc Sustainability Club, MBA Social Impact and Sustainability Club, etc where students can socialise with each other.
Richard Ivey School of Business Residence
There are 2 main accommodation options available for students of Richard Ivey School of Business - living in student residence offered by the school or living off-campus.
- Accommodations on campus are mainly reserved for first-year students between the age of 17 to 18 years.
- Some accommodation options are available for graduate students as well.
- There are 7 first-year buildings each having common facilities. Upper-year buildings include Alumni House and London Hall.
Students who are planning to opt for off-campus accommodation can access resources available on the Western Off-campus housing website, The Marq London, The Gazette, etc. However, they should note that the cost of accommodation may vary between 1,200 CAD - 1,700 CAD per month.
Richard Ivey School of Business Courses
Richard Ivey School of Business offers undergraduate, graduate, doctoral and executive education programs in Business, Management, Entrepreneurship and Finance. Programs offered by the Richard Ivey School of Business include:
- Ivey HBA is the only undergraduate degree program offered by the school and opens the door to explore diverse career paths.
- MBA Direct for HBAs is an 8-month MBA program designed for recent HBA graduates. The program starts in July every year and does not require any prior experience or GMAT scores.
- Ivey also offers a full-time MBA program which is a 12-month course beginning in March. Apart from that the Business School also offers an accelerated MBA program and an Executive MBA program.
- Ivey Business School is renowned for its case study method of learning. The School produces important business cases in the world alongside Harvard.
Richard Ivey School of Business Application Process
Most programs offered by the Richard Ivey School of Business have several rounds of intake on a rolling basis. International applicants must not wait until the last rounds to apply as the process to apply for a study permit may take longer. Applications are reviewed only once all materials have been received.
How to Apply?Applicants seeking admission to Richard Ivey School of Business must take note of the following details:
Application Portal: Online Portal Application Fee: 150 CAD for MBA, 100 CAD for MSc.
Admission Requirements: The following documents must be submitted along with the application for admission:
- Unofficial transcripts from all post-secondary institutions.
- GMAT/ GRE score
- GMAT score is waived for students who have passed all 3 Levels of the CFA designation.
- Resume displaying a minimum of two years, full-time work experience
- English language proficiency test scores
- Two to three completed reference forms
- Online application, including completion of two, required written essay questions and two required video questions.
Students can also refer to: Sample SOP for MBA in Canada
English Language Requirements
The following minimum English language proficiency test score requirements must be fulfilled for admission:
Note: University of Western Ontario is only accepting MELAB scores that are not more than two years old.
Richard Ivey School of Business Cost of Attendance
Prospective candidates planning to attend Richard Ivey School of Business should know the general cost of attendance such as tuition fees, cost of living in Canada and other accessory charges.
Tuition and Academic Expenses are given in the table below -
| Type of Expense | Cost in CAD |
|---|---|
| Tuition Fees | 120,500 |
| Western Student Organisation Fee | 1250 |
| Western Student Ancillary Fees | 550 |
| Ivey Course Material Fees | 2800 |
| UHIP Health Insurance(Mandatory for International Students) | 720 |
An estimated monthly cost of living in London, Ontario has been given in the table below -
| Type of Expense | Cost in CAD (Per Month) |
|---|---|
| Accommodation | 650 - 1700 |
| Apartment Liability Insurance | 15 - 20 |
| Food | 500 |
| Utilities | 100 - 160 |
| Clothing | 200 |
| Cell phone and internet | 80 |
| Miscellaneous | 200 - 300 |
Richard Ivey School of Business Scholarships/Financial Aid
Richard Ivey School of Business offers several merit-based awards and scholarships to its international applicants. Prospective candidates who wish to be considered must fill in the financial aid/scholarship section in the application form during admission.
All prospective scholarship candidates will be assessed based on their academic merit and leadership qualities. Selected candidates will be notified along with their admission offer. The scholarships offered by Ivey Business School are as follows:
- Admission Scholarship: 10,000 - 65,000 CAD
- Ivey Global Leader Award: 50,000 CAD
All international students are expected to investigate all sources of funding, including government and private loans. International students who do not have permanent residency status but have a strong Canadian cosigner may consider a loan with a Canadian bank.
Ivey also extends student loan benefits to international students by partnering with external financial institutions. In this case, students will be invited to apply based on their academic merit. The school will notify the eligible students at the time of admission offer. Other than this, students can explore other funding options and scholarships in Canada. Examples of such funding options include the Government of Canada - international student scholarships, financial aids by the Indian Association for Canadian Studies etc.
Richard Ivey School of Business Alumni Network
By connecting alumni with each other and the school, Ivey encourages and promotes continuous professional and personal enrichment through the alumni network. There are various events organized for alumni members such as Global Ivey Day, Ivey Chapters, etc.
Members of the alumni association are entitled to benefits like 25% discount on specific programs, Monthly e-newsletter subscription, Career services, and Invitation to all events for the alumni.
Some notable alumni of the school are:
- Thomas H. Bailey, founder Janus Capital
- Nick Bontis, Canadian academic
- Michael Kitchen, CEO, Wealthsimple
- Gar Knutson, Member of Parliament
- Ray Muzyka, CEO of BioWare
Richard Ivey School of Business Placements
In 2022, Richard Ivey School of Business facilitated 63% of job offers whereas 33% of students found a job on their own through networking skills developed during their MBA program. The base salary of Ivey MBA Graduates is in the range of 43,000 CAD - 190,000 CAD with a median salary of 98,000 CAD.
In situations where other compensations such as annual bonuses, signing bonuses, moving expenses were offered, the amount ranged from CAD 2,000 to 84,425 CAD with a median of 15,000 CAD
Salary breakdown of MBA graduates by Industry has been given below :
| Industry | Average Salary( In CAD) |
|---|---|
| Consulting | 118,917 |
| Consumer Packaged Goods | 82,333 |
| Financial Institution | 89,737 |
| Technology | 105,002 |
Salary of 2022 graduates of Ivey Business School by function have been given in the table below -
| Type of Function | Average Salary |
|---|---|
| Consulting - Management/Strategy | 120,176 |
| Finance - Asset Management | 88,333 |
| Finance - Commercial Banking | 74,800 |
| Leadership Development/Rotational Program | 104,105 |
| Business Development/Corporate Development | 92,750 |
| Operations | 109,360 |
| Sales | 98,333 |
With Canada’s number 1 employment success and career progression, Richard Ivey is gaining popularity among international candidates.The college also boasts having 19 of its graduates who went on to pursue ventures including some of the Profit 100 Fastest-growing companies.
The above-mentioned factors are among some of the reasons why Richard Ivey School of Business has made its name among global best and is now receiving 100s of applications from international students.
