If you are a Canadian or an international student who wants to pursue an MBA program in Canada, Ivy is one of the best schools you can get into. They provide a 1-year long full-time MBA program to open many dimensions of job opportunities for their students. Ivey School MBA Program has been ranked 1 in Canada by Businessweek for the last 6 years in a row. There are around 130 students in one class with ages ranging from 24 years to 35 years. 30% of the total students were women and 41% were non-Canadians in the batch of 2019. The alumni network of Ivey is more than 29000 working all over the world in different sectors of the economy.
If you are thinking about applying for Ivy School MBA Program, it is highly recommended to know about different aspects related to the admissions process, how to approach it, and other financial details about it. In this post, we shall be discussing all such details.
Ivey School MBA Program Course Curriculum
Ivey School MBA Program is a one-year program that starts in the month of March. The first four months of the program consist of courses like Strategy, Analytics, Finance, Accounting, Information Systems, Operations, Economics, etc. Other than these courses, there are many different elective courses available for students.
September onwards, students can avail the benefits of international experiences. One can go on an optional trip to China or South America. This is one of the parts of the elective cycle. One also has an option to teach and provide business consulting there. In the final semester, one can experience an international study exchange. Then there is the Ivey Field project. One can develop strategic solutions by working in a new venture or an existing business.
Eligibility Criteria & Entry Requirements
Getting into the top business school in Canada is obviously not an easy task. Before applying to any school, it is imperative to check all the requirements and eligibility criteria for this school. Here is the list of all the requirements:
1) Transcripts from all post-secondary institutions.
2) GMAT/GRE Score – However, the requirement of GMAT Score is waived off for those applicants who have cleared all the three levels of CFA.
3) TOEFL/IELTS Score
4) 2-3 Completed reference forms
5) 2 essay questions
6) 2 video questions
7) Resume which entails at least 2 years of full-time work experience
Ivey School MBA Program Course Fee
While applying for any business school, it is important to know about the expenses that would need to be made for the entire course along with other expenditures. Tuition for domestic students is CAD 83,250 whereas tuition for international students is CAD 117,500. In addition to this, there are other academic expenses as well. One of the biggest expenses out of these is the international study trip which is CAD 3,000 – CAD 4,000.
Ivey School MBA Program Scholarships
To apply for scholarships, the applicants must complete the section of scholarships within the MBA application form. The students who qualify for the scholarships would be notified before the start of the Ivy School MBA Program. Scholarships are received by around 80% of the students in the range of CAD 10,000 to CAD 65,000. The Ivey Global Leader Award is awarded to 10 most deserving students every year. The value of this award is CAD 50,000 for each of the 10 students. In addition to this, there are other external scholarships, grants, fellowships, etc. to provide financial assistance to the students. Also, Ivey provides the facility of MBA Loan Program with the help of partnerships with several banks. For more details on scholarships and grants, please refer to this.
Ivey School MBA Program Placement Statistics
If we look at the percentage of placements and the average salary, the numbers are quite good. 91% of the students who were seeking a job got placed with an average salary of CAD 115,146. This amount includes base salary, signing bonus, etc. The median of the base salary and signing bonus are CAD 92,000 and CAD 15,000, respectively. Also, the median of other compensations is CAD 7,500. The placements are in different industries like consulting, technology, education, construction, etc. The maximum number of placements have been in consulting (42%). This was followed by employment given in financial institutions (25%).
The top recruiters of Ivey are Microsoft, PwC, RBC Financial Group, Deloitte, etc. You can check the details here.
How to Apply for Ivey School MBA Program
Now comes the most important part which is the steps to be followed for applying for Ivey School MBA Program. Let us discuss them one by one:
1) The first step is to download the application form and submit it along with an application fee of CAD 150.
2) All the required documents mentioned above like transcripts, GMAT/GRE score, TOEFL/IELTS score, resume with 2-year work experience, etc. need to be uploaded.
The average GMAT Score of the students of the Ivey School MBA Program is in the range of 620-720. Another important aspect of the application is two essay questions. It gives an insight into an applicant’s personality and skills. These are the essay questions:
1. What career do you plan to pursue upon completing the MBA and why? How will the Ivey Business School help you achieve these goals? (250 words)
2. Describe why you believe you will be successful in the Ivey case study environment. (250 words)
3. If you could choose anyone (alive or deceased) to teach a course at Ivey, who would you choose and why? (250 words)
Interview Questions – This is also one of the most important aspects of the application process. Here are some tips for the video interview:
- a) Be professional – This includes the applicant’s professional attire and the surroundings should be clean and quiet without any outside noise.
- b) Practice – The more you practice different questions, the better you are able to formulate an answer.
- c) Confidence – This is one of the most important things in any individual. Just believe in yourself and give your best.
For more details, you can refer here.
To summarize, there are a lot of things on which you would be required to focus really well as they are the making or breaking points. Some of them are essay questions and interview. It is recommended to take the guidance of a professional and benefit from her/his experience to have an edge over others.
Contributor – Richa Mathur
Marketing & Brand Manager | Content Creator
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