MBA Program 2011 2012 Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Table of Contents 1 3 About McMaster University 4 The Ron Joyce Centre, Burlington 5 About Burlington 6 Welcome to DeGroote 8 The DeGroote Co-op MBA (28 months) 10 Employer Partners 12 Sample Work Term Roles 13 Work Term Salaries 14 Full-time MBA (20 months) 15 Part-time MBA (flexible time-frame) 16 Accelerated MBA 17 Summary of Program Requirements 18 Orientation Activities 19 Pre-MBA Program for International Students 20 Specializations 26 BizX International Exchange Program 28 Centre for Business Career Development 29 Career Development 30 Starting Salaries (Co-op) 31 Starting Salaries (Full-time) 32 Faculty 34 Student Services 40 Financial Matters 41 Graduate Scholarships, Bursaries & Awards 44 Alumni Network 45 DeGroote Mentor Program 46 Profiles 50 Application Process 52 Admission Standards 54 Contact Us
2 MBA Program 2011-2012
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba About McMaster University 3 Consistently ranked as one of the country s most innovative educational institutions, McMaster University fosters a culture of exploration and discovery. Students are encouraged to look at their education and world in new and different ways. McMaster has pioneered a number of programs that have changed how professors teach and students learn. Problem-based-learning (PBL), developed at McMaster, has now spread across North America as a preferred method of instructing students. McMaster's large, attractive campus, the interior of which is open only to pedestrians and cyclists, is at the western end of Lake Ontario. Nearby attractions include Cootes Paradise, the Bruce Trail, the Niagara Escarpment, the Waterfront Trail, and the Royal Botanical Gardens. The University is minutes from downtown Hamilton, and the activities that a major city has to offer. Buses from the region's public transit system make frequent stops on campus, facilitating travel between McMaster, Hamilton, and the surrounding area. The McMaster community of learners is comprised of engaged students who consistently give the university high marks for its rich student life. In fact, the 2010 Globe and Mail University Report Card ranks McMaster among the top schools in Canada for overall student satisfaction and quality of education. For more information about McMaster University, visit www.mcmaster.ca For information about the campus, visit www.mcmaster.ca/welcome/campus.cfm
MBA Program 2011-2012 The Ron Joyce Centre, Burlington 4 For information about the Ron Joyce Centre, visit www.degroote.mcmaster.ca/rjc September 2010 marked the opening of DeGroote s new Ron Joyce Centre in Burlington, Ontario. This state-of-the-art building is home to McMaster s MBA and Executive Education programs. The Ron Joyce Centre has been designed specifically to meet the needs of graduate management students and executives. With input from current students and industry leaders, the learning environment and state-of-the-art technology reflect that used in leading corporations. Spaces within the Centre have an open and flexible design to promote the best learning environment and accommodate various uses. These spaces enrich the student experience and facilitate collaboration.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba About Burlington 5 For more information on Burlington, visit www.tourismburlington.com Situated on the shores of Lake Ontario and conveniently located within 40 minutes of Toronto and an hour from Niagara Falls, the City of Burlington is recognized as one of Canada s most dynamic cities. Burlington is a diverse, energetic and innovative community with a welleducated, highly skilled workforce that attracts the best in business from across Canada and around the world. Burlington s core economic strengths are advanced manufacturing, software development, financial services, biotechnology, environmental and logistics enterprises. In 2010, MoneySense magazine named Burlington the fourth best city in which to live in Canada.
MBA Program 2011-2012 Welcome to DeGroote The question of why you want to do your MBA is often a straight forward one. However, in selecting an MBA school another question to ask yourself is how do you want to do your MBA? 6 At the DeGroote School of Business, your MBA will be collaborative. Our students support and challenge each other, working, helping, studying and playing together. Our alumni, staff and faculty invest in developing you from an MBA student to a market-ready graduate. The experiences you have during your MBA at DeGroote working closely with teams of students, alumni, faculty, staff, corporate partners and community members will prepare you for the challenges and opportunities you will face in the workplace as members and leaders of teams. Michael Eisner in his book Working Together writes about the connections that make us extraordinarily productive and much more successful than we would be alone. These connections are what you will gain at DeGroote. Along the way, you will also fulfill the goal of why you took your MBA in the first place. You may want a career change, to learn more business skills always valuable no matter where you end up working, to build a foundation that will allow you to start your own company, or maybe you want to work internationally and feel the MBA is your ticket. Or it may just be that you want to get a better job and to make more money. In exit exams conducted for the past eight years, DeGroote MBA students have averaged in the 85th percentile in North America. The success of our alumni is another testament to the quality of a DeGroote education. The MBA Co-op class of 2010 on average experienced a 190 per cent increase in salary following graduation from DeGroote as compared to their salaries prior to entering the MBA program and 90 per cent of graduates were employed three months after convocation. Ultimately, the question you have to ask yourself is where do you want to do your MBA? I hope that the answer to that is at the DeGroote School of Business. Dr. Bob McNutt, Acting Dean DeGroote School of Business
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba DeGroote MBA Fast Facts (Based on 2010 Admissions) 7 Application Deadline MARCH 30 June 1 November 1 (international applications) (domestic applications) (part-time studies only) For September For September For January admission admission admission Percentage of Male/Female Students Distribution of Undergraduate Majors Business 42% Engineering 20% Science 19% Humanities/Social Sciences 13% Other 2% Health/Kinesiology 2% Non-degree 2% Full-time Co-op Part-time 77%/23% 61%/39% 79%/21% Average Age of Class Full-time Co-op Part-time 28 years 25 years 29 years Average Years of Work Experience Full-time Co-op Part-time 5 years 1 year 4 years
MBA Program 2011-2012 The DeGroote Co-op MBA (28 months) 8
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba The DeGroote Co-op MBA, Canada s premier program of its type, has the proven track record for providing engaging, meaningful and rewarding graduate business education, consistently producing career-ready business professionals. The DeGroote Co-op MBA combines your MBA education with developmental, career-oriented work experience. The Co-op option integrates classroom theory with real-world applications, providing many opportunities to develop and expand your network. An integral part of the innovative culture is a focus on experiential learning that enables you to gain hands-on experience that not only stimulates learning, but also leads to personal development and discovery. The program is intended for recent graduates or those seeking a career change. Although work experience is an asset, it is not a requirement for acceptance into our Co-op MBA Program. A limited number of Visa students (with one year of professional, managerial, or technical work experience) will be considered for the Co-op option. In addition to the main evaluation methods of assessing academic history, GMAT test scores, and leadership capabilities, all applicants to the Co-op option are required to successfully complete an on-campus behavioural-based interview. Requests for Skype interviews will be considered for international students who reside outside of North America. DeGroote Co-op Benefits: Comprehensive program includes four academic terms and three paid work terms Small self-directed classes led by world-class faculty and industry professionals Intensive career development through a dedicated Centre for Business Career Development High level co-op work term positions in a broad range of companies and organizations 9 MBA Co-op Term Sequencing* Year 1 Year 1 Year 1 Year 2 Year 2 Year 2 Year 2 Fall Winter Summer Fall Winter Summer Fall Academic Work Academic Work Academic Work Academic * While this program sequencing is recommended, there are other sequencing options eligible for students to pursue. All revised sequences must be approved by both the Centre for Business Career Development and the MBA Academic Services Office.
MBA Program 2011-2012 Employer Partners 10 Some of our industry partners Consulting Financial Services Health Care CIBC World Markets TD Bank Financial Group
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba The DeGroote MBA Co-op Program offers a strong network of national and international industry partners. With nearly a 40-year heritage of partnering, these established relationships assist DeGroote students in becoming market-ready graduates. 11 Biotech/Pharma Government Other Public Service Commission of Canada
MBA Program 2011-2012 Sample Work Term Roles 12 Administrative Resident An administrative resident gains exposure to systemic health care issues, strategic planning and broad policy development with ongoing work in key areas of hospital funding, finance and information, and hospital management. Organizational and logistical tasks may include the development and monitoring of work plans, budget preparation, coordinating follow-up activities, and preparing committee meetings. Assistant Brand Equity Manager Assists in the development and execution of consumer communication strategies to support product launches and base brand business, working with internal stakeholders and external agencies. This role also includes the management of execution details for consumer and trade promotions with the Promotion Manager. Corporate Banking Associate Assists in providing high quality account management support to senior professionals and assists them with credit adjudication process through the analysis and structuring of transactions. Corporate banking associates are also responsible for researching industry and market data, completing credit applications, and analyzing the credit financial information of organizations. Marketing Analyst Responsible for coordinating and owning unique and strategic projects involving advertising, consumer insights, market research and target marketing through interaction with Brand and Communications Manager, and Senior Management. Project Management Coordinator Assists in the development of the program management structure and manages the status reporting and issues management function of this structure; assisting Directors and Executives on conducting several research projects required of each committee and/or the development of various programs. Operations Analyst An operations analyst identifies opportunities for business process improvements, analyzes and documents business requirements, assisting in problem identification through the testing and implementation of new business processes and systems changes.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba MBA Co-op Salary Guidelines Range Average Work Term I Jan Apr 2011 Work Term II Sept Dec 2010 Work Term III May - Aug 2010 $1,400* - $5,833 $3,525 $1,625 - $5,375 $3,759 $2,500 - $7,500 $3,925 13 Work Term Salaries DeGroote MBA Co-op students earn on average, between $3,500 to $4,000 per month per work term, covering a broad range of work term salaries. Note: The above information is provided by participating Co-op employers, and students independent search. These salaries are offered as a guideline only. Each organization sets its own Co-op salaries based upon several factors including internal wage structure, market competition, and student qualifications. It is recommended for students to focus on the quality of the Co-op work experience although they often consider salary to cover accommodation and educational costs during work terms. *All salaries are quoted on a monthly basis. Salaries are not included if the work term is outside Canada.
MBA Program 2011-2012 Full-time MBA (20 months) 14 As a results-based MBA program, the DeGroote Full-time MBA is a carefully blended combination of practical and theoretical business education. The 20-month program includes an emphasis on both the learning of business fundamentals, and the development of practical skills required for you to start your career. In the second year, students can select from one of several specializations allowing you to choose a field of study which enhances your skill profile. This option is intended for those who have at least one year of managerial, professional, or technical work experience. Transfer requests from other recognized MBA Programs will be considered on a case-by-case basis. It is expected that transfer applicants will first meet the DeGroote MBA admission requirements, and as such, you should follow the normal application procedures. MBA Full-time Term Sequencing Year 1 Year 1 Year 1 Year 2 Year 2 Fall Winter Summer Fall Winter Academic Academic off Academic Academic
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Part-time MBA (flexible time-frame) Your MBA. Your Way. 15 For students wishing to complete their MBA but unable to commit to a full-time study schedule, the DeGroote Part-time option is an ideal alternative. Perhaps you want to remain in the workplace while studying. For your convenience, many MBA courses are offered in the daytime and evening in each of the 3 terms per year, allowing you to work while earning your degree. You may take up to two courses per term, with the option of taking entire terms off, if needed. You have up to eight years to complete your degree with most students taking 4-5 years to do so. The program offers several specializations, allowing you to choose a field of study which optimally enhances your current skills profile. Note: January admission is also available for part-time studies only. The application deadline is November 1st. Transfer requests from other recognized MBA Programs will be considered on a case-by-case basis. It is expected that transfer applicants will first meet the DeGroote MBA admission requirements, and as such, you should follow the normal application procedures. This option allows you to set your own study timetable, taking courses as your schedule allows. The Part-time MBA gives you the flexibility and balance you require.
MBA Program 2011-2012 Accelerated MBA 16 If you have already completed an undergraduate degree in either business or commerce, or are a graduate of McMaster University s Engineering and Management program, you can earn your MBA degree in as little as 8 months of full-time study, or 20 months of part-time study. In order to be eligible for the Accelerated option, you must have: Obtained your undergraduate business degree from a recognized North American institution within the last 5 years, At least a B grade in your individual undergraduate required commerce/business and economics courses that equate to our first year curriculum, and A minimum of one year of managerial, professional, or technical work experience. Provided you meet all other admission criteria (which includes academic history, GMAT scores, work experience, and leadership capabilities), you may be admitted to the second year of the Full-time or Part-time program. Candidates with an international business degree should first apply to the regular Fulltime 20-course program. Eligibility for the Accelerated option will then be reviewed on a case-by-case basis. At the commencement of your studies, you will be able to choose a specialization which optimally enhances your current skills profile. The General MBA is also an option. Transfer requests from other recognized MBA Programs will be considered on a caseby-case basis. It is expected that transfer applicants will first meet the DeGroote MBA admission requirements, and as such, you should follow the normal application procedures. MBA Full-time Accelerated Term Sequencing Typically, full-time students will finish the Accelerated option in 8 months by completing 5 courses in each of the Fall and Winter semesters. MBA Part-time Accelerated Term Sequencing You may take up to two courses per term, with the option of taking entire terms off, if needed. You have up to four years to complete your degree with most students taking about two years to do so. Courses are available daytime and evenings in each of the 3 terms in a year.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Summary of Program Requirements 17 YEAR 1 (TERM 1) YEAR 1 (TERM 2) A600 B600 E600 K603 Q600 Financial Accounting and Reporting Organizational Behaviour Economics Information Systems in Business Applied Business Statistics A610 F600 H600 M600 O600 Managerial Accounting Managerial Finance Human Resources Management Marketing Concepts and Applications Operations Management YEAR 2 (TERM 3) YEAR 2 (TERM 4) P700 Business, Government and the Global Environment P720 Strategic Management Plus 4 additional courses taken as specialization requirements/electives. Plus 4 additional courses taken as specialization requirements/electives.
MBA Program 2011-2012 18 Orientation Activities A sample of a previous schedule of activities is available at www.degroote.mcmaster.ca/mba/prospective/orientation.html Transition Program The MBA Program begins with a compulsory transition period spanning the last week of August and the first week of September. This Transition Program consists of a series of introductory events, workshops, networking panels and social evenings to help acclimatize new MBA students to the program and to the campus. Workshops cover many different aspects of the MBA program including: Excel (beginner and advanced) Effective Presentation and Selling Skills Branding and Business Writing workshops Career development including Ethics, Resume Writing and Interview Practice Introduction to the Centre for Business Career Development Highlights of support services offered by MBA Academic Service Office Eight days of workshops conducted by industry professionals, DeGroote professors and DeGroote support staff provide you with critical skills for success in the program and launching your career. All first year students (full time, accelerated and co-op) are required to attend, while part time students are also welcome.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Pre-MBA Program for International Students At DeGroote, we recognize that it is particularly challenging for international students who have not previously experienced a North American education approach or culture to quickly transition and prepare to maximize their MBA journey. To ensure success, we require all newly admitted international students to attend the mandatory Pre-MBA Program for International Students. The DeGroote Pre-MBA Program is an intensive and highly interactive 10-day program designed to build confidence and develop business skills to prepare incoming MBA international students to meet the rigorous demands of our MBA program. The experience will be unique educational, inspirational, practical, and fun as you embark on your journey which begins in mid-august each year. The 10-day Pre-MBA Program will: Acquaint you with Canadian culture and practices Familiarize you with academic practices and the DeGroote approach to the MBA program Develop your professional business skills to maximize classroom contribution and business competitiveness The program fee for the 10-day Pre-MBA Program includes: 6-hour daily instruction intensive language development, professional business skills workshops and seminars with professors, industry professionals and upper level MBA students All materials and supplies Niagara Falls Day Trip to provide opportunities to practice your conversational English and have fun while immersing yourself in Canadian culture Formal dinner with faculty, staff and senior students to start your Canadian network 19
MBA Program 2011-2012 Specializations 20 Accounting & Financial Management Services CMA - Management Accounting This specialization, which emphasizes the fundamental theories and current issues in corporate governance and financial reporting, opens doors to a variety of career options, such as financial reporting, public accounting, auditing and assurance, forensic accounting, taxation, business valuations or bankruptcy trusteeship. Other career opportunities include positions such as controller, financial analyst, treasury officer and other management accounting positions in forprofit and not-for-profit organizations. With the current emphasis in our society on financial literacy for corporate executives and board directors, the demand for highly skilled financial professionals will remain strong. Specialization in Accounting and Financial Management Services opens the door to the pursuit of professional accounting/financial designations such as Chartered Accountant (CA), Certified Management Accountants (CMA), Certified General Accountant (CGA), Certified Public Accountant (CPA), and Chartered Financial Analyst (CFA), and Chartered Business Valuator (CBV). This specialization prepares you for a career and certification as a Certified Management Accountant (CMA), while providing a fast-track opportunity to earn the MBA degree and CMA designation in less than two years. This specialization also provides excellent preparation for students as strategic business partners in an organization s senior management team. As strategic and financial management professionals, CMAs utilize their accounting expertise with professional management skills to provide innovative and integrative solutions to management problems. The CMA s multi-faceted role in an organization includes strategic planning, monitoring and interpreting of financial results, evaluating performance and controlling operations.
Specializations are offered in the second year, and allow students the opportunity to further hone their career marketability by emerging with an MBA degree within a specialized field. Or, if you prefer, you also have the option of following a general MBA program. Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba 21 Finance General MBA As an integral and rapidly growing aspect of business activity, the Finance specialization is a popular choice for DeGroote MBA students. Graduates look forward to a wide variety of career opportunities, including investment management, investment banking, treasury and controllership, public sector financial analysis and management or management consulting. The General MBA takes a holistic approach to prepare you for positions that require the ability to co-ordinate and manage across several functional business areas. The General MBA is a popular choice for those who are looking to advance to upper levels of management, or for those who intend to start their own business or enterprise. DeGroote s Finance faculty ensures students acquire a wide range of skills and background knowledge to prepare for challenging and rewarding careers. Course offerings also provide most of the finance and economics preparation required to complete Levels I and II of the Chartered Financial Analyst (CFA) syllabus.
MBA Program 2011-2012 22 Health Services Management Management Information Systems (Not available in the Traditional Full-time option) The only MBA program of its type in the country, the DeGroote HSM specialization has become Canada s gold standard for graduate health management education. HSM combines expertise found in the DeGroote School of Business with hands-on training gained through work experience in either public or private health care organizations. The competent professional manager is a critical element in the framework of effective and efficient delivery of health services. If you are a co-op student, this solid MBA training may include selected graduate electives in health sciences or medical sciences, coupled with a range of work term experiences in the health sector designed to achieve specific educational objectives. If you are a Part-time student already employed as a manager in the sector, the application of the core MBA curriculum, along with the required courses and electives in health sciences, provide the skills to rapidly grow in the job while learning. DeGroote's alliance with the Canadian College of Health Service Executives (CCHSE) allows HSM students to fast track their Certified Health Executive designation while earning their MBA degree. An information system is an organized and interrelated set of components, which includes information technology and people's activities, to support operations, management, and decision-making. Information systems have become an integral part of doing business. The Management Information Systems (MIS) specialization provides you with the knowledge and skills you need to shape the effective implementation and use of information systems to facilitate the strategic objectives of organizations. Today, more and more business transactions and exchanges between enterprises are conducted with the support of electronic technologies. Organizations of all sizes must consider the creative use of electronic technology not only for business redesign, but also for survival in the emerging global marketplace. Industry demand for professionals qualified to manage the opportunities and challenges posed by this technology continues to rise dramatically. The DeGroote Management Information Systems specialization will provide you with the requisite knowledge to act as a consultant and/or analyst. Through our alliance with SAP, the world's leading vendor of enterprise software, you have access to state-of-the-art SAP R/3 Enterprise software. Enterprise software, such as SAP, allows companies to gain a competitive advantage in the marketplace by integrating all business processes and optimizing the utilization of available resources. Students who take three SAP supported MBA courses are entitled to take a two-week course offered by SAP Canada to obtain certification in SAP Business Integration. This is an expedited way to achieve a highly desired certification that complements the MBA degree and makes you even more marketable.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Management of Innovation and New Technology (MINT) Strategic Business Valuation 23 The innovative commercialization of science and technology in such sectors as pharmaceuticals, biotech, aerospace, telecommunications, software and electronics is revolutionizing how business is done. This specialization is intended for those who want to drive that revolution. It provides sufficient flexibility in the choice of electives to allow you to focus on the management of innovation, the management of science and technology in the industries mentioned above, or to pursue a customized mix of the two. Although many students with technical backgrounds take this specialization because it provides a unique way to leverage technical skills, a substantial number of students without technical backgrounds select it because it provides generalized capabilities for managing innovation. You may also take a minor in MINT that provides an excellent opportunity to add the innovation edge to your portfolio, enhancing the marketability of your area or specialization. The Strategic Business Valuation specialization is intended to train financial professionals in the best practices for business valuation. The focus is on inter-disciplinary models as well as investigative techniques and state-of-the-art approaches. The purpose is to profile firms accurately in order to identify those that meet rigorous standards of excellence and growth. The underlying philosophy of this approach is that wise investments are made for the long run rather than for quick returns through rapid buying and selling. Such long-term financial health and growth can only be assessed through a complete analysis of the firm.
MBA Program 2011-2012 24 Strategic Marketing Supply Chain Management The most sought-after marketers in today s diverse, global economy are ones who understand the psychology, sociology and politics of customer behaviour as it applies to both consumer and business markets domestic and international. In the Strategic Marketing specialization, concepts, theories and hands-on experience combine to prepare you for a successful career in marketing management, new product marketing, brand management, services marketing, marketing research and modeling, as well as advertising and promotion. This specialization prepares you to think through and analyze complex problems encountered by managers in the planning and control of processes. You will have hands-on encounters with real-world operations management projects and will be exposed to modern techniques used in logistics, inventory management, quality control and assurance, production planning and scheduling. Upon graduation, you will be well prepared for a variety of management positions, including materials manager, quality manager, distribution manager, supply chain analyst, operations research analyst, management analyst/consultant, production manager and production planner. Requirements for the Canadian Operations Research Society (CORS) Diploma in Operational Research can be fulfilled with the appropriate academic standing and selection of courses. The courses in this specialization can also assist you in preparing for certification examinations conducted by the American Production Inventory Control Society (APICS).
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Minors 25 Courses used in fulfillment of specialization requirements cannot also be applied to a minor area. Completion of minors is subject to course availability. Students may complete more than one minor. Minors are available in: Accounting and Financial Management Services Finance Management Management Information Systems Management of Innovation and New Technology Strategic Business Valuation Strategic Marketing Supply Chain Management.
MBA Program 2011-2012 BizX International Exchange Program 26
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Why choose BizX? Xperience: An exchange program offers you a once in a lifetime opportunity to immerse yourself in a different culture and lifestyle while studying for your degree. An exchange is also an opportunity to prove to yourself that you can handle life in a different country and maybe learn a thing or two about yourself as well. Xplore: The people you meet through this program may be life changing. This includes friends and colleagues that you study/travel with, or contacts that you may have never otherwise had the opportunity to network with. Xcel: The schools we partner with utilize many different teaching methods that offer an alternative way to learning your business courses. (All courses taught in English) There are thousands of business students that graduate in Canada each year. An international exchange on a resume is an excellent way to make yourself stand out in today s business world. 27 Recent business trends make it increasingly important for individuals and organizations to compete in the international market place. The DeGroote School of Business is committed to preparing its students to work successfully in that emerging global economy. As a part of this commitment, the school has established an international exchange program. For more information on all partner universities, please go to www.mcmaster.ca/oia/programs.htm
MBA Program 2011-2012 28 Centre for Business Career Development For more information about DeGroote s Centre for Business Career Development, visit: www.degroote.mcmaster.ca/mba/career.html The DeGroote Centre for Business Career Development (CBCD) provides comprehensive career development and employment services for students. Throughout your full-time MBA studies, you receive one-onone coaching and customized career development. You will be fully equipped with well-rounded skills and experience, easing the transition into the workplace. The CBCD partners with a broad base of employers across Canada. It delivers seamless, on-campus company information sessions and career recruiting. Employment support services include summer, full-time and immediate job opening opportunities.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Career Development 29 As a unique benefit to the DeGroote MBA program, a full suite of career development services is provided to Co-op and Full-time students. Offered through the school s Centre for Business Career Development (CBCD), these value-added services ensure you are fully prepared to enter the job market with the necessary skills and experience. Career development services offered to MBA students include: Resume preparation and ongoing enhancements Self-assessment, goal setting and career guidance Interview skills offered via group sessions, round table discussions, individual mock interviews and continuous feedback Networking sessions Student/Alumni Mentoring program Student profiling to guide career choices Emphasis is placed on the career-related skills such as interview techniques, resume writing, job searching skills and networking. Through workshops, seminars and one-on-one career coaching, the goal of CBCD is to help students define their unique brand to successfully embark on their individual career paths.
MBA Program 2011-2012 Starting Salaries (Co-op) 30 Each year the Centre for Business Career Development, which works closely with students during their co-op and graduate job search, conducts a survey to identify employment and salary information for graduating MBA students. In 2010 this survey revealed that, despite the economic downturn, the majority of McMaster s MBA Co-op graduates were able to secure well paid employment in a variety of industries and business functions. Based on the results of the survey the number of co-op students securing work within the first three months of graduating in 2010 was 90%. As an indicator of the value brought to employers by McMaster s MBA graduates, starting salaries and average signing bonus payments remained comparable to previous years, as did the breadth of industry sectors and functions McMaster Co-op graduates entered. 2010 Starting Salaries 2010 Signing Bonuses $66,741 average $6,000 average $90,000 high $10,000 high Average starting salaries in 2010 were $66,741, with the highest reported in the Financial Services sector where students launched their careers with salaries of up to $90,000 per year. As in previous years, the average signing bonus was approximately $9,000, with a number of students receiving over $10,000 upon signing employment contracts. The most popular industries amongst 2010 graduates securing employment were banking (26%) and healthcare/pharmaceutical (26%). The functional roles students entered included finance (25%), sales and marketing (20%) and accounting (20%), with the remaining 37% across consulting, project management and general management roles.
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Starting Salaries (Full-time) Starting salaries for Full-time students are similar to those of the Co-op program averaging for the last four years at $65,000. In 2010, salaries secured by McMaster s graduating Full-time MBA students ranged between $45,000 and $90,000, with the highest salaries going to those individuals entering the operations/supply chain sector. 31 Surveys conducted by the Centre for Business Career Development indicate for the last four years that Banking and Capital Markets have been the most popular sectors amongst graduating Full-time MBA students with approximately 45% choosing this field. Consulting, Information Technology / Telecommunications and Manufacturing are also popular sectors. The numbers of students in the Full-time program who have secured employment within six months of graduation are similar to those in the Co-op program. Between 70%-80% of graduating students secured employment based on survey results from the past four years.
MBA Program 2011-2012 Faculty 32
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba DeGroote faculty members are recruited for their teaching skills and ability to generate new business knowledge. 33 The connections they have in the business community help to provide you with the opportunities needed to pursue both the practical side of your business education with a firm grounding in the principles and theories of business in today s economy. Faculty build strong and important relationships with students, allowing you the opportunity to gain a broad understanding of business issues and concepts. Faculty have studied and taught both nationally and internationally, bringing a wide variety of experiences and backgrounds to the School of Business. John Medcof, PhD Professor, Organizational Behaviour, Director, MBA Specialization in the Management of Innovation and New Technology, Acting Associate Dean Milena Head, PhD Professor, Information Systems, Acting Director, MBA Program
MBA Program 2011-2012 Student Services 34 Academic Advising Centre for Student Development The MBA Academic Advisor or the Manager, MBA Programs are available to assist you with general academic advising matters relating to: Registration, program, and course approvals Examinations Course scheduling Academic standing and regulations General questions on course selections The MBA Academic Services Office (MASO) is located at Ron Joyce Centre in room 316 and can be reached at 905-525-9140 x 20511. The Centre for Student Development, located on the central Hamilton campus, is a resource for all McMaster students. It offers services in several main areas: Personal counselling Academic skills (including writing skills and English as a Second Language) Services for students with disabilities International Student Services Leadership Program ATLAS Program (for students with learning disabilities or ADHD) The Peer Helper Program The Centre is located on the lower level of the Student Centre at the Hamilton campus (MUSC B-107). For more information, visit http://csd.mcmaster.ca
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba 35 Clubs and Associations Computing An active MBA Association works with the student body and the School s administration to promote continuous improvement of the MBA program and to foster a friendly, supportive environment for our students. You can enhance your leadership skills by participating on the executive of the Association. The Association offers seminars and other events with industry groups to promote networking and knowledge of the business community. There are also a number of other student organizations in which you can become involved, including the McMaster Finance Association, Entrepreneurship Club, Women in Management and the Accounting Association, among others. For more information, visit DeGroote s Ron Joyce Centre is fully equipped with the latest technology. Wireless access is available throughout the building, and students are strongly encouraged to bring their own laptops. Students have access to printing, e-mail, and web based course delivery systems. Instead of a dedicated computer lab, the Ron Joyce Centre offers a virtual lab allowing students to access required software anytime, anywhere from their own computers. A limited number of free loaner netbooks are available for student use. Extensive resources from the McMaster library system, including the Innis Business Library on the main McMaster campus are available online for MBA students. Non-digital resources from the main campus library system are also accessible to students at the RJC. www.business.mcmaster.ca/mbaa
MBA Program 2011-2012 36 Fitness Facilities Focus Business Consulting A wide variety of varsity and intramural sports, along with the Pulse Fitness Centre, are open to MBA students at the David Braley Athletic Centre on the main McMaster campus. Additionally, a number of fitness facilities, with a variety of packages, are available in Burlington in close proximity to the Ron Joyce Centre. Discounted rates for students, staff and faculty at the Ron Joyce Centre have been negotiated with facilities in the area: Cedar Springs Health Racquet and Sportsclub (960 Cumberland Avenue) http://www.cedarspringsclub.ca/ Burlington Fitness (1233 Dillon Road) http://burlingtonfitness.ca/bfr/ Snap Fitness (700 Burloak Drive) http://www.snapfitness.com/ Moksha Yoga Burlington (676 Appleby Line, Unit E105) http://mokshayogaburlington.com Operating in partnership with the DeGroote School of Business, Focus Business Consulting offers services to a wide range of clients from local entrepreneurs to multinational corporations. The team's unique ability to leverage diverse work experiences with cutting-edge strategies and methodologies allows it to offer the most comprehensive consulting services available. The consulting team is comprised of MBA students, along with a resource team of university professors, community leaders, and seasoned industry professionals. www.thinkfbc.com
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Investment Decision Centre The Allen H. Gould Trading Floor 37 The Horizon Exchange Traded Funds Investment Decision Centre (IDC) at the Ron Joyce Centre, builds on the success of the Allen H. Gould Trading Floor at McMaster's main campus. The Investment Decision Centre provides students hands-on exposure to state-of-the-art portfolio management decision-making tools with technology that mirrors that in a portfolio manager's environment. Supported by information feeds from Morningstar's Canadian Portfolio Management System (CPMS) and by Canada Newswire (CNW), students can use Investment Technology Group's (ITG) Triton technology providing direct, broker-neutral access to global markets and intuitive tools that help traders improve decision making, automated execution strategies, effective order management, and performance analysis. Bloomberg access is available at all the workstations in the IDC. Regular IDC events will be announced by the MBA Finance Association and by DeGroote's new Portfolio Manager in Residence, Greg Melchior. The Investment Decision Centre will serve as a resource and training centre for the business community and the general public, in addition to the DeGroote School of Business' MBA and executive education students. The Allen H. Gould Trading Floor, located in the DeGroote School of Business on the main McMaster campus, is a state-of-the-art electronic laboratory where students are engaged in hands-on innovative learning in a real-world environment. The GTF houses a live trading floor, with 24-hour trading stations delivering real time data feeds from global exchanges. Visit http://gtf.mcmaster.ca for more information Dr. John Siam Professor Siam is the founding director of the Allen H. Gould Trading Floor (GTF) and ensures that the GTF remains a unique marketlearning resource. He continues to play a key role in enhancing students' educational experience by providing industry exposure, core and professional competencies and opportunities in the financial services industry. Professor Siam is an active instructor who has developed several academic and professional courses/seminars that provide trading experience and risk management knowledge.
MBA Program 2011-2012 38 Off Campus Housing Shuttle Services Information on housing accommodations in the Hamilton, Burlington, and surrounding areas is available along with brochures, area maps, travel maps and telephones for local calls in the Off-Campus Resource Centre, located on the main Hamilton campus. The office will also assist in landlord/tenant disputes and provide an educational service on various housing issues. A shuttle bus service is available to MBA students so that you could live in Hamilton and commute to Burlington via a pick-up on the main McMaster University Hamilton campus. For more information or to conduct an online housing search, visit http://macoffcampus.mcmaster.ca Regular shuttle bus service is available between the main Hamilton campus and the Ron Joyce Centre in Burlington. We also offer shuttle service from the Appleby GO Station and the Ron Joyce Centre. This free service runs regularly throughout the day and coincides with the MBA class schedule. For more information on our Shuttle Service please see www.degroote.mcmaster.ca/rjc/
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba 39
MBA Program 2011-2012 Financial Matters 40 Estimated Tuition for your MBA degree The following represents estimated total tuition and fees for students entering the MBA Program in September 2011. Estimates are based on tuition guidelines established for the 2011 academic year. Tuition and fees may change in following years. Canadian Citizens / Permanent Residents Program option / Estimated total tuition fees for your MBA degree Co-op MBA $35,225 Full-time MBA $29,975 Accelerated MBA $14,725 Part-time MBA $1,763 per course Visa Students Program option / Estimated total tuition fees for your MBA degree Co-op MBA * $61,500 Full-time MBA $56,225 Accelerated MBA $28,125 Part-time MBA $3,370 per course * A limited number of Visa students with one year of work experience will be considered for the Co-op option. Please note all Co-op and Full-time MBA students are required to enroll in the GSA Health Plan. The cost of this plan is currently $173.94 per academic year. This cost is not included in the total fees. In addition, all Visa students must enroll in the University Health Insurance Plan (UHIP).
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Graduate Scholarships, Bursaries & Awards MBA Entrance Scholarships DeGroote School of Business MBA Entrance Scholarships range from $1,000 to $10,000. Candidates applying to the full-time or co-op options are reviewed automatically at the time of application. Those successful applicants who qualify for a scholarship are notified in their offer of admission. Additionally, a number of McMaster University Graduate Entrance Scholarships are available through the generosity of philanthropic donors. A separate application form may be required for these awards. A complete list of awards is available on our web site. (http://www. degroote.mcmaster.ca/mba/scholarship.html) MBA Bursaries In addition to a number of bursaries that are offered to entering students studying on a full-time basis, bursaries are also awarded to in-course students each term. An application may be required. Unfortunately, bursaries are not available to international students. Teaching Assistantships A limited number of teaching assistantships are available for MBA students normally registered in second year. DeGroote's Top Scholarship The Adam Felesky MBA Scholarships Established in 2010 through the generosity of Adam Felesky, B.A. '99, B.Eng. '99, this scholarship will be awarded to an incoming Full-time or Co-op MBA student who demonstrates both outstanding academic achievement and significant extra-curricular and/or professional acommplishments. Preference will be given to a student who has a background in finance or portfolio management. The approximate value of the award is $15,000 for each year of the program. 41 The DeGroote School of Business is pleased to offer various scholarships, bursaries and awards to assist you in meeting the expenses of your MBA education.
MBA Program 2011-2012 42 Office of Student Financial Aid & Scholarships The Office of Student Financial Aid & Scholarships (SFAS) invests in student success through the delivery of government and university financial aid programs. SFAS offers counseling and budgeting advice on a drop-in basis. SFAS administers the following financial aid programs for MBA students (subject to change): Government Student Loans for Ontario and Out of Province Students Ontario students may wish to visit http://osap.gov.on.ca for more information about the Ontario Student Assistance Program (OSAP). Students from out of province should investigate government financial aid opportunities through their home province. Information is available on the SFAS website at http://sfas.mcmaster.ca/osap. html regarding Out of Province/Country Loans. U.S. Loans U.S. Students should contact Donna Funston at funston@mcmaster.ca, for information about funding. McMaster General Bursary Program Work Programs Emergency Assistance For more information about our programs and services visit http://sfas.mcmaster.ca or contact: Office of Student Financial Aid and Scholarships Gilmour Hall, Room 120, McMaster University, 1280 Main St. W., Hamilton ON L8S 4K1 Telephone: 905-525-9140 ext. 24319
Co-op Full-time Accelerated Part-time www.degroote.mcmaster.ca/mba Other Financial Support 43 Ontario Graduate Scholarships The Province of Ontario annually offers 3,000 scholarships of $5,000 (2011/2012 value) per term to students in or entering post-graduate programs. For more information, visit the OSAP website. Commonwealth Scholarships The Government of Canada, through the International Council for Canadian Studies, offers scholarships to citizens of Commonwealth countries other than Canada. The scholarships, which are normally awarded for advanced study or research, are open to graduates of a recognized university and during their tenure are intended to cover the full expenses of the holders travel, living and study. External Scholarships and Bursaries Line of Credit MBA students who have exhausted government student loan support may wish to investigate a student line of credit at a financial instituion. As the financial institution chosen by McMaster University to offer Student Lines of Credit, TD Canada Trust can help you finance your professional or graduate school studies. The TD Canada Trust Student Line of Credit is designed to provide the flexibility required by students in professional and graduate schools. Benefits include an available credit limit that you can use to cover all or part of your educational and living expenses or any other expenses, at a competitive variable interest rate. Payment options are flexible, with no prepayment penalties and there is no set-up, monthly or annual fees. To discuss your options or learn more about the TD Canada Trust Student Line of Credit, visit any TD Canada Trust branch, call 1-888-660-5958 or visit our website at www.tdcanadatrust.com/student. TD Canada Trust is open longer to serve you better at branches throughout the community. External scholarship and bursary opportunities (and corresponding applications) are available to students via external donor organizations (community groups, financial institutions, businesses, etc). Students are encouraged to seek out external scholarship and bursary funds (e.g. web search). Eligibility is determined by the donor organization.