ÎÛÎÛ²ÝÝ®ÊÓƵ

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ÎÛÎÛ²ÝÝ®ÊÓƵ disappointed by government’s response on MBA

Published: 16 March 2011

ÎÛÎÛ²ÝÝ®ÊÓƵ University is perplexed and disappointed with the response of the Government of Quebec to the changes made by ÎÛÎÛ²ÝÝ®ÊÓƵ to transform the University's MBA program.

Rather than celebrate the dramatic progress and success ÎÛÎÛ²ÝÝ®ÊÓƵ has achieved in a short period of time with its renewed and self-funded MBA, the government has imposed a significant fine against one of its own universities.

This action puts an arbitrary, elective and unprecedented exercise of authority of government as a priority over demonstrated quality and program performance.

Since ÎÛÎÛ²ÝÝ®ÊÓƵ moved to a self-funded program, it has developed an MBA that is attracting top-calibre students from Quebec (some of whom would have otherwise gone outside the province for their MBA), and from elsewhere.

The ÎÛÎÛ²ÝÝ®ÊÓƵ MBA's improvements include: leaping from 95th to 57th in the prestigious Financial Times rankings; maintaining stable enrolment rates; having ÎÛÎÛ²ÝÝ®ÊÓƵ graduates enjoy the highest job placement rates and highest starting salaries in Canada; being ranked by FT as the only Quebec MBA program in the Top 100 in the world.

To sustain the University's increased investments in its program, ÎÛÎÛ²ÝÝ®ÊÓƵ moved last fall to a self-funded tuition model under which it does without any government subsidies for its MBA students, thus saving Quebec taxpayers about $1.2 million annually.

ÎÛÎÛ²ÝÝ®ÊÓƵ has created, at the same time, student aid at a unique level of support for any Quebec university program, on a per-student basis. The ÎÛÎÛ²ÝÝ®ÊÓƵ MBA program provides an average of $12,000 per student in financial aid.

Quebecers deserve better than to have a top quality program fined. Quebecers deserve a world-class MBA program and ÎÛÎÛ²ÝÝ®ÊÓƵ is providing it. ÎÛÎÛ²ÝÝ®ÊÓƵ has demonstrated that it can do so without limiting accessibility, and without doing so on the backs of our undergraduate students.

ÎÛÎÛ²ÝÝ®ÊÓƵ's rejuvenated program, now with better facilities, improved student-teacher ratios, top-level professors, improved advising and novel educational elements, costs significantly less than top MBA programs elsewhere in Canada, and the world.

ÎÛÎÛ²ÝÝ®ÊÓƵ will continue to meet the interests of our students, and of Quebec.

CONTACT:

Douglas Sweet

Director, Media Relations

514-398-6752

514-294-7268 (mobile)

douglas.sweet [at] mcgill.ca

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