Ivey Business School Western University, Canada Overview

About 80% of students receive admission scholarships from the school. Additionally, international students can explore other scholarship opportunities available in Canada. The MBA program at Ivey Business School has earned recognition from various ranking agencies, positioning it among the top business schools in Canada. Currently, 31% of the student body consists of international students.

Key Highlights

• University Type: Public
• Year Established: 1922+
• Location: London, Ontario
• Campus Setting: Urban
• Number of Campuses: 4
• On-campus Accommodation: Available
• Program Mode: Full-time
• Student Population: 1,600+
• Full-time Faculty: 109
• Application Method: Online
• GMAT/GRE: Required
• Financial Aid: Scholarships, awards, and grants
• Official Website: ivey.uwo.ca

Why Choose Ivey Business School?

• Renowned Case-Method Learning: Ivey Business School is one of the leading institutions globally, alongside Harvard, for producing business cases.
• Largest Producer of Asian and Indian Business Cases: The school is recognized as the top global producer of current business cases focused on Asia and India.
• First International Campus in Hong Kong: Ivey was the first international business school to establish a permanent campus in Hong Kong.
• High Placement Rate: The school boasts a 90% career placement rate within six months of completing the MBA program.

Ivey Business School Rankings

Although Ivey Business School did not appear in the 2024 rankings, it has been previously recognized:

• QS Global Business Rankings 2024: Ranked #74 out of 315 globally and #3 in Canada.
• Financial Times Global Ranking: Positioned #84 out of 100 business schools worldwide.

Ivey Business School Programs

Ivey Business School provides a range of academic programs, including undergraduate, graduate, doctoral, and executive education courses in Business, Management, Entrepreneurship, and Finance. The programs offered include:

• Ivey HBA: The only undergraduate program available, it offers students the opportunity to pursue various career paths in business and management.
• MBA Direct for HBA Graduates: An 8-month MBA program tailored for recent Ivey HBA graduates, starting every July. This program does not require prior work experience or GMAT scores.
• Full-time MBA: A 12-month program commencing in March, designed for those seeking an intensive business education. The school also offers an Accelerated MBA and an Executive MBA program.

Master of Business Administration [M.B.A]

The MBA program at Western University is recognized as the top MBA program in Canada. They provide a Profile Assessment for prospective applicants to help accelerate career success and gain entry into the country's leading MBA program.

Here’s the latest Class Profile for the Ivey MBA Class of 2024:

• Class Size: 146
• Average Age of Students: 29 years
• Average Work Experience: 5.5 years
• Average GMAT Score: 670
• International Students: 35%
• Languages Spoken: 27
• Gender Breakdown: Female: 35%, Male: 65%
• Notable Alumni: Carlos González Meyer (MBA ’18), Keisha Bailey, Christina Rupsingh

The MBA program at Western University offers a transformative experience for ambitious leaders seeking to enhance their skills, develop their leadership capabilities, and accelerate their career trajectories. Bloomberg Businessweek has ranked this program as the number one MBA in Canada for seven consecutive years.

Ivey's full-time MBA program is not just a series of courses; it provides an action-oriented learning experience aimed at facilitating success in the real world, with a student-to-faculty ratio of 24:1.

Students may also apply for scholarship programs initiated by the Government of Canada, with potential awards of up to $40,664 USD per year. The estimated cost of living in Canada ranges from $4,500 to $10,800 per year, while the average salary after completing the program can reach $87,500 USD.

Important Dates

Check Eligibility
Applications are accepted on a rolling basis.

Event Application Dates

• OUAC Application Deadlines for Fall 2025 Intake: March 1, 2025

Tuition Fees

• 1st Year Tuition Fees: ₹1,822,361 (CAD 29,656)

Other Expenses

• Average Cost Per Year:
  • Living Expenses: ₹753,500 (CAD 12,262)
• Total Cost: ₹753,500 (CAD 12,262)

The overall cost of the program is $126,600.

Eligibility & Entry Requirements

• Acceptance Rate: 58%
• Academic Requirement: Applicants must have completed a four-year honors degree or its equivalent from an accredited university or college.
• Work Experience: A minimum of two years of full-time work experience is required.
• English Language Proficiency Scores:
  • IELTS: 7
  • TOEFL: 100
  • PTE: 70
  • Duolingo: 125

Ivey Business School is well-known for its case study learning approach, making it a significant global contributor to business case development, alongside Harvard.

Ivey Business School Application Process

Ivey Business School conducts several application rounds for its programs on a rolling basis. International applicants are advised to apply early to allow sufficient time for study permit processing. Applications are evaluated only when all required documents have been received.

How to Apply?

Prospective students should consider the following details:

• Application Portal: Online Portal
• Application Fee:
  • MBA: CAD 150
  • MSc: CAD 100

Admission Requirements

Applicants need to submit the following documents along with their application:

• Unofficial transcripts from all post-secondary institutions attended.
• GMAT/GRE scores (GMAT requirement is waived for applicants who have passed all three levels of the CFA designation).
• A resume detailing at least two years of full-time work experience.
• English language proficiency test scores.
• Two to three completed reference forms.
• Online application, which includes:
  • Two required written essay responses.
  • Two required video responses.

English Language Requirements

The following are the minimum English language proficiency test scores required for admission:

Note: The University of Western Ontario accepts MELAB scores only if they are less than two years old.

Ivey Business School Cost of Attendance

Prospective students should consider the overall cost of attending Ivey Business School, including tuition fees, living expenses, and other associated costs.

Tuition and Academic Expenses

Estimated Monthly Cost of Living in London, Ontario

The table below provides an estimate of the monthly living expenses for students in London, Ontario:

Ivey Business School Scholarships and Financial Aid

Ivey Business School offers a variety of merit-based scholarships and awards for international applicants. Candidates interested in financial aid must complete the scholarship section in the admission application.

Scholarship candidates are evaluated based on academic excellence and leadership potential. Successful applicants will be informed of their awards along with their admission offer. Below are some of the scholarships available at Ivey Business School:

• Admission Scholarship: Ranges from 10,000 to 65,000 CAD.
• Ivey Global Leader Award: 50,000 CAD.

International students are encouraged to explore all potential funding sources, including government and private loans. Those without permanent residency in Canada but with a qualified Canadian cosigner may apply for loans through Canadian banks.

Ivey also collaborates with external financial institutions to offer student loans to international students. Eligible candidates will be invited to apply based on their academic performance and will be notified at the time of admission offer. Additionally, students can look into other scholarships and funding opportunities available in Canada, such as the Government of Canada’s international student scholarships and financial aid from the Indian Association for Canadian Studies.

Ivey Business School Alumni Network

The Ivey Business School alumni network fosters continuous professional and personal development by connecting its members with the school and each other. It hosts various events such as Global Ivey Day and Ivey Chapters to engage alumni.

Alumni association members enjoy several benefits, including:

• 25% discount on select programs
• Subscription to a monthly e-newsletter
• Career services support
• Invitations to exclusive alumni events

Prominent alumni from Ivey Business School include:

• Thomas H. Bailey – Founder of Janus Capital
• Nick Bontis – Renowned Canadian academic
• Michael Kitchen – CEO of Wealthsimple
• Gar Knutson – Former Member of Parliament
• Ray Muzyka – CEO of BioWare

Ivey Business School Placements

In 2022, Ivey Business School successfully facilitated 63% of job placements for its MBA graduates, while an additional 33% secured employment through networking skills acquired during the program. The base salary for Ivey MBA graduates ranges from 43,000 CAD to 190,000 CAD, with a median of 98,000 CAD.

For graduates who received additional compensation, such as annual bonuses, signing bonuses, and moving expenses, the total amount ranged from 2,000 CAD to 84,425 CAD, with a median value of 15,000 CAD.

Average Salary by Industry (in CAD):

• Consulting: 118,917
• Consumer Packaged Goods: 82,333
• Financial Institutions: 89,737
• Technology: 105,002

Average Salary by Function (in CAD):

• Management/Strategy Consulting: 120,176
• Asset Management (Finance): 88,333
• Commercial Banking (Finance): 74,800
• Leadership Development/Rotational Programs: 104,105
• Business/Corporate Development: 92,750
• Operations: 109,360
• Sales: 98,333

Richard Ivey is gaining recognition among international candidates due to its top ranking in Canada for employment success and career progression. Additionally, 19 of its alumni have established ventures, including some of the Profit 100 Fastest-Growing Companies.

These achievements contribute to Ivey Business School's reputation as one of the world's leading institutions, attracting hundreds of applications from international students.

Ivey Business School Campuses

The main campus of Ivey Business School is located within Western University in London, Ontario. The school also has three additional campuses:

1. Spencer Leadership Centre, London, Ontario: Situated near Western University’s main campus, it covers 30 acres and hosts Ivey Academy and EMBA programs.

2. Donald K. Johnson Centre, Toronto: Located in the Exchange Tower in Toronto's financial district, this state-of-the-art facility offers executive education and EMBA programs.

3. Hong Kong Campus: Home to the Cheng Yu Tung Management Institute in the Hong Kong Convention and Exhibition Centre, offering only executive education programs.

The Richard Ivey Building on the main campus has achieved Gold Leadership in Energy and Environmental Design (LEED) certification. The school also supports a variety of student clubs such as the HBA Social Impact Club, Ivey Connects, MSc Sustainability Club, and MBA Social Impact and Sustainability Club, fostering social interaction and engagement among students.

Ivey Business School Residence

Students at Ivey Business School have two primary housing options: on-campus student residences or off-campus accommodations.

• On-Campus Housing: Primarily designated for first-year students aged 17 to 18. However, there are also some housing options available for graduate students.

  • The campus features seven first-year residence buildings, each equipped with common facilities.
  • Upper-year students can choose from accommodations like Alumni House and London Hall.

• Off-Campus Housing: Students opting for off-campus living can explore resources such as the Western Off-Campus Housing website, The Marq London, and The Gazette. It is important to note that the cost of off-campus accommodation typically ranges from CAD 1,200 to CAD 1,700 per month.

FAQ’s