{"id":4200,"date":"2005-03-14T00:00:00","date_gmt":"2005-03-14T04:00:00","guid":{"rendered":"https:\/\/yfiledev.uit.yorku.ca\/2005\/03\/14\/behind-the-high-us-rankings\/"},"modified":"2025-04-01T11:53:15","modified_gmt":"2025-04-01T15:53:15","slug":"behind-the-high-us-rankings","status":"publish","type":"post","link":"https:\/\/www.yorku.ca\/yfile\/2005\/03\/14\/behind-the-high-us-rankings\/","title":{"rendered":"Behind the high US rankings"},"content":{"rendered":"

The Financial Times <\/EM>of London rankings don't make or break business schools, but they do contribute to an image, wrote The Globe and Mail<\/I>\u2019s Jeffrey Simpson in a March 11 column. \"So, when the Richard Ivey School of Business at the University of Western Ontario slid to 34th last year in the FT survey, this was considered bad news. Some other Canadian schools remained steady: the Rotman School of Management at the University of Toronto, 21st; the Schulich School of Business at York University<\/B>, 22nd; and McGill, 39th. Needless to say, US schools ranked first through fourth (Harvard, Wharton, Columbia and Stanford). Eight of the top 10 schools, and 15 of the leading 20, were American.<\/P>
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\"A cause for Canadian national entrepreneurial panic? Not really. The FT survey's fine print explains to which factors the survey assigns weight. The most important \u2013 accounting for 40 per cent of a school's ranking \u2013 is how much money their graduates earned,\" observed Simpson. \"Twenty per cent of overall marks in the FT survey are for graduates' average salaries three years after graduation, and another 20 per cent for the increase in salaries in the three years after school. Go work in the Third World after graduation and you let down your business school alma mater.<\/P>
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\"No wonder the US schools are at the top of the FT survey and others. Yes, they have wonderful teachers, facilities and oodles of money from high fees and wealthy donors. But no country in the world pays its rich people \u2013 and that would include hotshot young business school graduates \u2013 as does the United States,\" wrote Simpson.<\/P>
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York grad makes Forbes magazine\u2019s billionaire list<\/P>
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Alex Shnaider<\/B>, who heads a privately controlled conglomerate and recently bought a Formula One racing team, has made Forbes magazine's list of world billionaires with a net worth of US$1.4 billion, reported The Globe and Mail<\/I> March 11. Shnaider, who ranked 488th on the list, was one of 17 Canadians, the same number as last year. Just 36 years old, Shnaider built his fortune buying and selling goods in the former Soviet Union. His Toronto-based company, Midland Group, now has myriad interests across Eastern Europe and about $2 billion in annual revenue. While at York University in the early 1990s, Shnaider (BA \u201992 in economics) began exporting consumer goods to his former homeland when an associate led him to the steel business. He began buying up cheap metal from mills in Ukraine, Russia and elsewhere and selling it through brokers.<\/P>
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York basketball player named top rookie<\/P><\/B>
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York University's Laura MacCallum<\/B> was named top rookie this year in women\u2019s basketball at the Canadian Interuniversity Sports awards dinner in Winnipeg, reported The Edmonton Sun<\/I>. She is a first-year kinesiology student.<\/P>
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On air<\/P>
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