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Ivey Business School

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Ivey Business School is the main business school of the University of Western Ontario, located in London, Ontario, Canada. It offers full-time undergraduate and graduate programs and maintains two teaching facilities in Toronto and Hong Kong for its EMBA and Executive Education programs.

Ivey Business School
Former name
Richard Ivey School of Business
MottoTo Develop Business Leaders Who Think Globally, Act Strategically And Contribute To The Societies In Which They Operate
Named forRichard G. Ivey
TypeFaculty (business school)
Established1922 (1922) (as a department)
1950 (1950) (as a faculty)
Parent institution
University of Western Ontario
DeanJulian Birkinshaw
Academic staff
109
Undergraduates1,300
Postgraduates300
Location
London
,
Ontario
,
Canada

43°00′27″N 81°16′22″W / 43.00759°N 81.2728°W / 43.00759; -81.2728
Websiteivey.uwo.ca

History

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Business courses were first taught at Western in 1922 and the business school was officially created in 1950, when the School of Business Administration was established as a separate faculty at Western.[1] In 1995, the school was renamed the Richard Ivey School of Business after an $11 million donation by the Richard M. Ivey family. The school is named after Richard G. Ivey, the father of Richard M. Ivey.[citation needed]

In 1998, Ivey was the first North American business school to open a campus in Hong Kong offering an Executive MBA program at the Cheng Yu Tung Management Institute.[2] In 2010, Ivey became the first North American business school to offer the CEMS Global Alliance in Management Education, joining the likes of London School of Economics, HEC Paris, ESADE, University of St. Gallen, and Bocconi University.[3]

In 2013, the school abbreviated its name to "Ivey Business School" and updated its visual identity.[4] The legal name of the Faculty of Business at Western University, however, remains Richard Ivey School of Business.[5]

Rankings

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Ivey Business School has consistently ranked among Canada's top business schools. The Economist ranked Ivey's MBA program best in Canada for Education Experience, Career Services, and Student Quality in 2021. In 2023, Ivey's MBA program was ranked first in Canada by Bloomberg Businessweek.[6] Financial Times ranked Ivey's Executive Education program number one in Canada.

Canadian MBA Alliance

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The school is also a founding member of the Canadian MBA Alliance which was created in 2013. All six members of the alliance rank among the world's top 100 schools, according to their participation in key rankings – Financial Times, Business Week, and The Economist.[7]

Programs

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The Ivey Business School offers a number of programs and degrees:[8]

Honors Business Administration

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The Ivey HBA (Honours Business Administration) was the first degree program in business at the University of Western Ontario. A class of six men were the program's first graduates in 1923.[2]

In 2010, the HBA program grew to 525 students with the program size being updated to 610 students in 2013, and most recently adding 2 new sections for a total of 765 students[9] in 2023.[10]

The HBA program is a second-entry, two-year program that enrolls students who have completed two years of undergraduate study (in any faculty at any recognized university). First year Ivey students, known as HBA1s, are typically in their third year of university. Previously, prospective students applied for admission to Ivey during their second year of university. In 1998, Ivey introduced the Advanced Entry Opportunity status (AEO), a conditional pre-admission status offered to secondary school students. Advanced Entry Opportunity (AEO) students may study in any faculty of interest at the University of Western Ontario for their first two years of university.[11]

The Advanced Entry Opportunity Status is a 2+2 model, where for the first 2 years you study in any program (at Western or affiliate programs) and in your second year, you apply for HBA.

The HBA1 year has no elective course work. HBAs are placed into "sections" of 76 students and work with the same classmates and professors in the same classroom year-round. The curriculum includes courses in finance, accounting, marketing, operations management, organizational behavior, and general management. The HBA2 year is less structured with students taking four required courses along with elective courses that tailor to individual interests.[12]

The HBA program has also introduced an elective Sustainability Certificate that "empowers Ivey HBA students to build and lead more sustainable organizations." The certificate offers HBA students an interrelated mix of courses and experiences which "provide a strong grounding in the principles and best practices of sustainability." The Sustainability Certificate has grown significantly in popularity and scope since being introduced in 2012, with the 2023-2024 cohort being the largest ever with 83 students enrolled.[13]

Master of Business Administration

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The Ivey full-time MBA was created in 1948 and was Canada's first MBA program as well as the first one offered outside of the United States. Its first class graduated in 1950. It was modeled on the Harvard Business School MBA as a two-year program. In 2006, it was converted to a 12-month program and was relocated from the University of Western Ontario campus to the Spencer Leadership Centre.[14]

With over 25,000 alumni in 105 countries. Ivey[15] offers networking opportunities.

  • The Alumni Partnership Program involves top Ivey alumni who have volunteered to act as mentors to current students and alumni. Students can choose to be partner with an alumnus based on a number of criteria including function, industry or geography.[16]
  • The "Get Connected" event in Toronto is hosted by Ivey's Career Management team in partnership with its alumni and recruiting firms. For three days, students are exposed to information sessions, formal networking events, functional panels and mock interviewing events with Ivey recruiters and alumni. This is the students’ official ‘debut’ or introduction to the market, following their 12-weeks of in-class Career Management programming.[17]
  • Global Ivey Day is an annual event for Ivey students and alumni around the world. Events are hosted by alumni chapters, including a Gala event in Toronto, with live webinars and webcasts available for alums and students to join as well.[18]

Master of Science in Management

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The Ivey MSc is a direct-entry program requiring no previous full-time work experience. The Ivey MSc program is based on the case method and global learning opportunities, designed to prepare the student for an international career.

In December 2009, Ivey was selected as the first Canadian partner in the CEMS Global Alliance in Management Education and in 2012 was named the CEMS School of the Year.[19] This gives Ivey MSc students the opportunity to participate in the Master of International Management program with students from 29 other schools in the alliance. Students register as Ivey MSc students and pursue the CEMS MIM program concurrently.

In 2016, a second stream in the MSc program was launched in Business Analytics. In both streams of the program, students undertake 3 terms of academic study and 1 term placement in an industry internship. This was complemented in 2021 with a third stream, MSc Digital Management.

PhD

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The University of Western Ontario began offering a PhD in Business Administration in 1961, Canada's first PhD in business. The program has focused on study in eight disciplines: Finance, General Management, Information Systems, Management Science, Managerial Accounting, Marketing, Operations Management and Organizational Behaviour.[20]

Executive MBA program

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The Ivey Executive MBA (EMBA) was founded in 1991 with the addition of a Hong Kong-based program and a remote video-conference program in 1995. In 2007, the program's headquarters was relocated to a new facility in downtown Toronto named the Tangerine Leadership Centre.[2] The program provides a part-time MBA program for working managers with at least seven years of work experience. The program consists of four in-class days (Thursday to Sunday) once per month. Classes continue for three consecutive terms, each five months long.[21]

Pre-HBA Undergraduate Courses

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Ivey also offers five undergraduate business courses, organized under the Business Foundations Group.

  • Business 1220E (BUS 1220E): A comprehensive business course for first-year students, covering finance, marketing, operations, organizational behaviour, enterprise strategy, and valuation.
  • Business 1299E (BUS 1299E): A variant of 1220E for engineering students, identical except for the inclusion of time value of money in the operations and valuation components of the course. Successful completion of this course is a graduation requirement for students in the engineering program.
  • Business 2257 (BUS 2257): A second-year course with a focus on Financial Accounting, Business Analysis and Managerial Accounting. This course is a prerequisite course for the HBA program.
  • Business for Science Students 2295F (BUS 2257): Introductory course in business designed for Science, Medical and Dentistry students. This is a half-year course, covering a selection of topics covered in the full-year BUS 1220E course.
  • Business for Engineers 2299E (BUS 2299E): The predecessor to BUS 1299E. This is a fourth-year course being transitioned out in favour of BUS 1299E.[22]

Collaborative program

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Master in Financial Economics or MFE is a collaborative program between Ivey Business School, Western Economics, Western Law School and Math/Stat department.

Locations

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Ivey operates on four campuses:

On September 10, 2009, Ivey broke ground on a new 235,000-square-foot (21,800 m2) faculty building on the Western campus in front of Brescia University College on former soccer fields. The project cost approximately $110 million, with the federal and provincial governments contributed $50 million in funding with the remainder funded by private donations.[23] The building was to be designed by Hariri Pontarini Architects of Toronto.[24] In September 2013, Ivey officially moved from their old building to new Richard Ivey Building located across campus.[25]

Publications

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Case studies

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With over 8,000 cases in their collection, Ivey Publishing adds more than 350 classroom-tested case studies each year.[26] Ivey is among the largest producers and publishers of cases all around the world, just behind Harvard Business School.[27] Recently, Ivey signed deals with Indian Institute of Management Calcutta to design and publish case studies.[28][29]

Ivey Business Journal

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Ivey Business Journal[30] (IBJ) started in 1933 as the Quarterly Review of Commerce. The publication transitioned from a quarterly magazine to a bi-monthly web publication in the 2000s and is read in over 150 countries. The current editor of the journal is Thomas Watson.[31]

Ivey Business Review

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Ivey Business Review (IBR) is an undergraduate publication dealing with business strategy, written and managed by students in the honours business administration program at the School. It is published twice per academic year, in December and April, and is managed at the school's main campus in London, Ontario. Published copies of IBR are available in print formator on the publication's website.[32] Since its inception, the magazine has published eight issues containing over 100 total articles and involving more than 150 students.[33]

The Review is an original research–based publication with all content created for the magazine through collaboration between the writers and members of the editorial board. It focuses on providing actionable recommendations for specific businesses, industries, business models, strategies, or events, rather than management techniques for managers and leaders.[34]

Notable alumni and faculty

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Further reading

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  • Murray Llewellyn Barr 'A century of medicine at Western: a centennial history of the Faculty of Medicine, University of Western Ontario' (London: University of Western Ontario, 1977)
  • John R. W. Gwynne-Timothy 'Western's first century' (London: University of Western Ontario, 1978)
  • Ruth Davis Talman 'The beginnings and development of the University of Western Ontario, 1878–1924.' (MA Thesis, University of Western Ontario, 1925)

See also

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References

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  1. ^ Friedland, Martin L. (2002). The University of Toronto: A History. University of Toronto Press. pp. 432. ISBN 9780802044297.
  2. ^ a b c "History". uwo.ca. Archived from the original on July 22, 2012. Retrieved March 20, 2011.
  3. ^ "School List". CEMS MIM. CEMS.
  4. ^ "Visual Identity System". uwo.ca.
  5. ^ "New name, logo for Ivey | Academica Group Inc". Archived from the original on June 28, 2013. Retrieved May 24, 2013.
  6. ^ "Rankings; Ivey Business". Retrieved December 5, 2023.
  7. ^ Lawrence, Daina (November 5, 2013). "They're rivals at home, but allies abroad". The Globe and Mail.
  8. ^ "Programs | Ivey Business". Archived from the original on March 16, 2012. Retrieved March 5, 2012.
  9. ^ "Ivey HBA program expands to welcome 150 additional students". Ivey Business School. Retrieved May 11, 2024.
  10. ^ "Annual Report". uwo.ca.
  11. ^ "Ivey HBA Preparation: University Years 1 and 2". uwo.ca.
  12. ^ "The Ivey HBA Program Road Map". uwo.ca.
  13. ^ "HBA Sustainability Certificate". Ivey Business School. Retrieved September 21, 2023.
  14. ^ "Quick Facts". uwo.ca. Archived from the original on May 11, 2012. Retrieved March 6, 2008.
  15. ^ "Interview with Jenni & Julia - Ivey MBA Admissions Team". www.f1gmat.com.
  16. ^ "Alumni Partnership Program". uwo.ca. Archived from the original on May 6, 2014. Retrieved May 5, 2014.
  17. ^ Ivey Get Connected – Leslie Shaw. YouTube. December 4, 2013. Archived from the original on December 21, 2021.
  18. ^ "Global Ivey Day". iveyday.ca.
  19. ^ "Ivey Business School adjudged CEMS School of the Year | CEMS". www.cems.org.
  20. ^ "A World of Research & Teaching Excellence – Ivey Business School". uwo.ca.
  21. ^ "Ivey Executive MBA Program". iveyemba.ca.
  22. ^ "Pre-Business Courses". uwo.ca.
  23. ^ University, Department of Communications and Public Affairs, Western (September 12, 2013). "Western News – 'Vision becomes reality' as Western opens the Richard Ivey Building". Western News. Retrieved September 23, 2018.{{cite news}}: CS1 maint: multiple names: authors list (link)
  24. ^ Department of Communications and Public Affairs, Western University. "Western News".
  25. ^ "Hadfield joins 90th anniversary celebration for Ivey Business School". London. September 9, 2013.
  26. ^ "Ivey turns to iTunes to bring cases to a wider audience". Financial Times.
  27. ^ Melissa Korn (March 1, 2012). "The Business of Case Studies". WSJ.
  28. ^ "IIM Calcutta ties up with Ivey Business School Canada to foster Case Pedagogy". IANS. news.biharprabha.com. Retrieved March 19, 2014.
  29. ^ BS Reporter (April 30, 2014). "Ivey Business School, SRCC New Delhi sign MoU". business-standard.com.
  30. ^ "Ivey Business Journal". iveybusinessjournal.com.
  31. ^ "About Ivey Business Journal". iveybusinessjournal.com.
  32. ^ "Ivey Business Review -". Ivey Business Review. Retrieved December 10, 2017.
  33. ^ "Ivey Business Review Spring Issue Marks 100th Article Published". Retrieved May 16, 2013.
  34. ^ Lewington, Jennifer (June 8, 2013). "Ivey students take on Harvard Business Review, Globe and Mail". The Globe and Mail. Retrieved June 13, 2013.
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