Winnipeg Free Press - PRINT EDITION
U of M gets nod for producing top-level CEOs
Study ranks school fifth in Canada
Not many schools in Canada exceed the University of Manitoba at preparing its students for success in the business world, according to a recent global study by the Ecole des Mines de Paris.The university ranked 89th globally, and tied for fifth in Canada, in the study of 377 universities that looked at a single indicator: the number of graduates who are CEOs of the world's biggest companies.
Ecole Des Mines de Paris used Fortune magazine's 2008 ranking of the top 500 companies, based on revenue, for its analysis.
"This criterion points to the performance of the training courses provided by higher education institutions," the study's authors stated.
University of Manitoba alumni Richard Waugh, CEO of Scotiabank, and Gerald Schwartz, CEO of Onex Corporation, earned the school its ranking.
University spokesman John Danakas said the study may have simple criteria, but packs a powerful message.
"That doesn't necessarily say much about the university's operations, but it does say something about how successful our graduates are," said Danakas. "It's wonderful to see acknowledgement of the good work that the University of Manitoba does in preparing students."
The ranking is in stark contrast to the U of M's notorious placement in Maclean's magazine's university ranking, which has put the school at the bottom of its category -- large universities with medical schools -- for the past five years.
"We always take any kind of ranking with a grain of salt," said Danakas, explaining the university pays close attention to the data and methodology used. "One of the issues we've had with Maclean's in the past is they put more influence on inputs, rather than outputs."
For example, Maclean's pays close attention to the grades of students who have been accepted to the university, along with the grades achieved by first-year students, Danakas said.
He added the U of M "uniquely serves the province" as the only university with a medical school, and has a very inclusive approach to its admissions, compared to other universities that may have a higher grade threshold for admissions.
The Ecole des Mines de Paris study stands out for its simplicity, Danakas said. "The one thing about this one, is you can't really question the facts," he said. "It's a pretty raw kind of statistic used in the ranking, and that makes us more comfortable."
Glenn Feltham, dean of the university's I.H. Asper School of Business, said U of M has a long history of producing strong business leaders, specifically in the insurance, financing and banking, and consumer goods sectors.
"This is exactly what I would have expected," Feltham said in reaction to the ranking. "We've always had a much larger impact on the business world than the size of our province."
The highest ranked institutions in the Ecole des Mines de Paris study were Tokyo University, Harvard University and Stanford University. In Canada, the top universities were Concordia, Queen's and the University of Toronto.
arielle.godbout@freepress.mb.ca
Republished from the Winnipeg Free Press print edition August 6, 2009 A6
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Posted by: Everybody Up
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