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Canadian MBA students risk it for their schools
MBA News Barbara Barkhausen / 12-04-2011
Several Canadian business schools have opened up trading floors for their MBA students. They have installed trusts with real money to allow their students to learn how to trade stocks and bonds and handle the risks involved.
The University of Saskatchewan’s Edwards School of Business, the Faculty of Management at the University of Lethbridge in Alberta and the University of Calgary’s Haskayne School of Business have all opened up student-managed investment funds recently. They allow students to execute trades and manage their own real equity portfolio. The reasoning behind this is to offer students the experience of real-life decision-making as an additional learning tool next to their course work. If the students grow their portfolio, the schools plan to either reinvest or give the balance to scholarships and other student-oriented services.
Canada: 3rd most popular MBA destination
This innovative trend comes with the news that Canada has steadily been growing in popularity as an MBA destination. According to a new report by the Graduate Management Admission Council, Canada is currently holding third place as one of the most popular MBA destinations in the world. Only the US and the UK are more sought after by students. The number of test scores that the Graduate Management Admission Council sent to Canadian business schools this year reached a record high of 28,494 compared to 28,166 the year before. Especially international students are showing more interest in Canada. 57 per cent of the test scores were sent in from abroad, whereas 43 per cent came from Canadian applicants. The top five countries sending exam results to Canada are China, India, Iran and Pakistan.