51³Ô¹ÏÍø

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McGill's MBA Program ranks highly on both social responsibility and return on investment

Published: 6 October 2003

In the 2003 Beyond Grey Pinstripes Survey, conducted by the Aspen Institute and the World Resources Institute, the 51³Ô¹ÏÍøMBA is among 36 MBA programs selected for their contribution to social responsibility. The survey, which analyzed 100 schools from 20 countries, celebrates the achievements of MBA programs that are infusing environmental and social impact management into the classroom, activities and faculty research.

Concurrently, Forbes magazine included 51³Ô¹ÏÍøin the top 15 non-US MBA programs for return on investment in its October 13 MBA survey. In Canada, 51³Ô¹ÏÍøranks second on return on investment for two-year MBA programs.

"The results of the Grey Pinstripes Survey are very gratifying," says Alfred Jaeger, Associate Dean of the 51³Ô¹ÏÍøMBA Program. "They underscore the fact that the 51³Ô¹ÏÍøMBA has had a balanced approach to business for some time. 51³Ô¹ÏÍøMBA students get a firm understanding of the dynamics of a market economy while gaining an appreciation for ethical and social issues. These viewpoints are often seen as being in opposition, but at 51³Ô¹ÏÍøthey are viewed as complementary. Understanding both is essential for future business leaders. Our strong return on investment, as shown in the Forbes survey, is one more indication of the value of a 51³Ô¹ÏÍøMBA degree."

Over one-third of the Faculty of Management's faculty members spend a portion of their research time on research pertaining to social innovation, social impacts, and managing for environmental sustainability. Because of this high level of interest among faculty, these themes are addressed not only in special elective courses, but in mainstream MBA courses, as faculty pursuing social themes reflect these perspectives in the context of regular business and management courses.

Moreover, through its Consortium on Innovation, the 51³Ô¹ÏÍøFaculty of Management is taking a particular interest in the transfer of research and academic knowledge into practical applications that address real-world issues. The consortium brings together a range of initiatives and research projects, among them the McGill/DuPont Initiative on Innovation for Social Purposes. In September 2002, the Faculty of Management and DuPont Canada formed a collaborative venture to promote innovation in the social sector. This work builds on the shared interests and competencies of both 51³Ô¹ÏÍøand DuPont in the arenas of innovation and societal sustainability.

"For a small MBA program, 51³Ô¹ÏÍøoffers a surprising number of special concentration opportunities and electives that relate to social innovation and the environment," says Margaret Graham, Faculty Coordinator of the 51³Ô¹ÏÍøConsortium on Innovation.

In addition to its MBA concentration in Management for Developing Economies, 51³Ô¹ÏÍøoffers courses in Sustainability and in Social Marketing, with opportunities for doing independent studies in Social Entrepreneurship.

"Students who complete their MBA at 51³Ô¹ÏÍøare exposed to a broad spectrum of views about the roles of business in society and globalization," adds Alfred Jaeger.

The 51³Ô¹ÏÍøFaculty of Management is widely recognized as Canada's leading international business school. Thanks to the Faculty's groundbreaking programs and innovative research in the field of management, 51³Ô¹ÏÍøMBA graduates are recognized for their broad perspective, cross-cultural sensitivity, and world-wise approach to business.

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