±«ÓãÖ±²¥ disappointed by government’s response on MBA
Program has made remarkable progress since self-funding model adopted
±«ÓãÖ±²¥ is perplexed and disappointed with the response of the Government of Quebec to the changes made by ±«ÓãÖ±²¥ to transform the University’s MBA program.
Rather than celebrate the dramatic progress and success ±«ÓãÖ±²¥ has achieved in a short period of time with its renewed and self-funded MBA, the government has imposed a significant fine against one of its own universities.
This action puts an arbitrary, elective and unprecedented exercise of authority of government as a priority over demonstrated quality and program performance.
Since ±«ÓãÖ±²¥ moved to a self-funded program, it has developed an MBA that is attracting top-calibre students from Quebec (some of whom would have otherwise gone outside the province for their MBA), and from elsewhere.
The ±«ÓãÖ±²¥ MBA’s improvements include: leaping from 95th to 57th in the prestigious Financial Times rankings; maintaining stable enrolment rates; having ±«ÓãÖ±²¥ graduates enjoy the highest job placement rates and highest starting salaries in Canada; being ranked by FT as the only Quebec MBA program in the Top 100 in the world.
To sustain the University’s increased investments in its program, ±«ÓãÖ±²¥ moved last fall to a self-funded tuition model under which it does without any government subsidies for its MBA students, thus saving Quebec taxpayers about $1.2 million annually.
±«ÓãÖ±²¥ has created, at the same time, student aid at a unique level of support for any Quebec university program, on a per-student basis. The ±«ÓãÖ±²¥ MBA program provides an average of $12,000 per student in financial aid.
Quebecers deserve better than to have a top quality program fined. Quebecers deserve a world-class MBA program and ±«ÓãÖ±²¥ is providing it. ±«ÓãÖ±²¥ has demonstrated that it can do so without limiting accessibility, and without doing so on the backs of our undergraduate students.
±«ÓãÖ±²¥â€™s rejuvenated program, now with better facilities, improved student-teacher ratios, top-level professors, improved advising and novel educational elements, costs significantly less than top MBA programs elsewhere in Canada, and the world.
±«ÓãÖ±²¥ will continue to meet the interests of our students, and of Quebec.
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