Saturday, January 3, 2015

Concordia: John Molson MBA

Location: Montreal, Quebec and Toronto, Ontario
Program Options: Full-Time, Part-Time, Accelerated
Program Length: 16 - 20 months (Full-Time), 3+ years (Part-Time), 12-16 months (Accelerated)
Accreditation: AACSB
Tuition and Fees: $7,000 (Quebec), $14,000 (Canadian), $42,000 (International)
Notable Rankings: 81st (The Economist: Which MBA?), 20th Internationally (Bloomberg BusinessWeek), 4th in Canada (Canadian Business)
GMAT: Required
Specializations: Accounting, Finance, Management, Marketing, Supply Chain and  Business Technology Management
School Website: http://www.concordia.ca/jmsb/programs/graduate/mba.html

Concordia is an English language program offered in Montreal.  With tuition for Quebec resident's subsidized by the Provincial government, the MBA at Concordia is a great value for local students.  Approximately 120 students are admitted into the Full-Time program each year and with an average age of 30 it is one of the older classes you'll find in Full-Time MBA programs in Canada.  The low tuition likely encourages some students who would normal go Part-Time to look at the Full-Time program.  In addition to the normal MBA program, Concordia offers a MBA with CFA integration that is taught in both Montreal and Toronto - this is designed so that students can continue to work full-time while completing the combined program.  The average age for this option is only 26.

Employment Summary

3-Month Placement Rate: 76%
Average Salary: $79,071
Average Salary Increase: N/A

Concordia's 3-month placement rate is OK, but not exceptional.  Of the students employed, ~80% are employed in Quebec, with ~14% employed elsewhere in Canada and the remained placed internationally.  I suspect that their placement rate for French-speaking students is well above 76%, but for students who do not speak French it would be very difficult to find a job post-graduation in Montreal, let alone elsewhere in Quebec.  Concordia has been trying to increase their placement in Toronto (having their MBA with CFA integration offered there certainly helps), but Toronto is over 500 KMs away from Montreal limiting student opportunities.

Summary

Concordia is a great option for Quebec students, or French-speaking Canadian students, to consider as the tuition is well-below comparable programs across Canada.

If that's not the case for you, there are a few things you'd need to bear in mind when considering Concordia.  Yes, Montreal is a great place to study for 2-years and the tuition is quite low compared to other Canadian schools.  However, if you are looking for the MBA to help you chance careers, it would require a lot of work on your part to make this happen as Concordia's home market would essentially be a non-starter without French.  If you are comfortable with your own personal network being able to help you after the MBA, two years of a good education in one of the best cities in Canada, at a tuition level 1/3 or less than comparable schools is a good option.

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