posted on Oct. 30: School of Business tops return-on-investment ranking in business schools survey

McMaster's School of Business has made a dramatic move into first place in the return-on-investment category of Canadian Business magazine's annual MBA rankings. The Michael G. DeGroote School of Business moved from last year's position of 16th to 1st place in the return-on-investment category. It also improved in the overall rankings, moving to 7th place overall from 12th. In the return-on-investment category, McMaster students experienced a 252 per cent increase in average salaries from the time they entered their MBA to the time they found work. This brings the average back up to the levels McMaster registered in the first year of the survey category. Last year's rate was 183 per cent. These figures are based on an average incoming salary of $18,408 and an average graduating salary of $64,728. Vishwanath Baba, dean of the Michael G. DeGroote School of Business, is proud of the school's successes. This truly is a testament to our experiential learning philosophy," he said. "Students enter our program with very little experience in the world of business. They leave with a wealth of knowledge and practical experience in their chosen fields." Most MBA programs cater to mid-career professionals, while the Michael G. DeGroote School of Business specializes in delivering an MBA education to a younger market, students with little or no work experience.

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posted on Oct. 26: McMaster makes two top 10 lists for research intensity, income

McMaster University is on two national top 10 lists that rank research intensity and income at Canadian universities. The University is one of only 10 in the country to top the $100-million mark in sponsored research income in 2000, according to a report ranking Canada's Top 50 Research Universities published Thursday. The University moved into the top ten group, as its $106.9 million was an increase of 24.4 per cent over the previous year, when it was in 11th place. In the same report, McMaster is also on the top 10 list which ranked Canadian universities by research intensity, defined as research dollars per full-time faculty position. Averaging $117,600 per faculty position, McMaster placed 7th, or 37 per cent higher than the Top 50 average of $85,900. Mamdouh Shoukri, vice-president research and international affairs, says McMaster has seen a significant increase in its sponsored research income over the last few years. We've seen an increase of more than $25 million in just the last couple of years and we expect that to grow again next year, he says, adding that the University is now seeing the results of new provincial and federal research investment programs like the Ontario Research & Development Challenge Fund and the Canadian Foundation for Innovation. The study shows that 65 per cent of the research money comes from all levels of government, with the remainder coming from corporations, private donors and non-profit organizations. The report was published by Research Infosource Inc. based on data collected by Statistics Canada. (End of story)

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