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Ivey Mba 2022 Employment Report
Ivey Mba 2022 Employment Report
EMPLOYMENT
REPORT IV E Y
BUSI N E S S
SCH O O L
2022
2 / Ivey MBA Employment Report
MESSAGE FROM
And over the last year we welcomed many new organizations that recognize the
value in recruiting and hiring top talent. Feedback from our corporate partners
reinforces what we know to be true — graduates leave Ivey as agile leaders ready
THE EXECUTIVE
to tackle challenges and create impact.
World-class support
DIRECTOR
Ivey MBAs are a talented group and their career journey is supported by a
Career Management team that is doing more than ever to prepare students for
post-graduate employment needs and long-term career success. In our career
management programming, we help students reflect on the types of critical issues
that they want to work on as business leaders and we use that information to help
On behalf of Career Management at Ivey, I am pleased to share
guide our programming.
the MBA 2022 Employment Report. As the Ivey Business
School moves into its centennial year, it continues to provide a
Ivey is proud of its 2022 MBA graduates and the outcomes documented in
business education that is second to none, helping to prepare
this report. They navigated the ongoing challenges brought about by a global
and transform its MBA students into leading professionals
pandemic with the skills and attributes that will serve them well as business
across the globe. Highlights in this report reflect:
leaders.
High demand
Special thanks to the 32,000 strong Alumni network that our graduates now join,
Ivey MBAs are in high demand, with 92 per cent of the Class of as well as all of our corporate partners for their support and confidence in our Ivey
2022 receiving at least one employment offer by September MBA talent.
1st, 2022.
All the best,
Strong industry partnerships
Top organizations like McKinsey & Company, Deloitte, RBC, Johnson & Johnson, and Kim Miller
The Kraft Heinz Company, amongst many others, continue to recruit Ivey graduates. Executive Director, Career Management
Overview
$141,231 $124,992 92
Average total compensation (includes: base Average base salary, based on a 71-per-cent
%
Percentage of those seeking
#1
MBA Program in
salary, signing bonus, and other guaranteed salary reporting rate. employment who received at least Canada for value
compensation), based on a 71-per-cent one job offer as of September of money.*
salary reporting rate. 1st, 2022, based on a 98-per-
cent reporting rate. Of those * Financial Times Global MBA
Ranking 2022
seeking, 96% received an offer by
December 1st, 2022, based on a
98-per-cent reporting rate.
MBA CLASS OF 2022
4 / Ivey MBA Employment Report
Understanding
Offers and reporting rate Salary
The best schools follow a globally held Salary is reported both at an aggregate
the data
standard of how and what to report, which level for the class overall and broken
is driven by the MBA Career Services and down by industry, function and
Employer Alliance. While most schools will geography. We understand that each
break down the percentage of students industry has its own demands and
34++33b
34
who report having an offer, at Ivey, we trade-offs, and the compensation
The Employment Report provides
believe transparency and detail are the standards often reflect that. Reporting
prospective students with a snapshot basis of a trusting and lasting relationship salary in these ways helps you better
of MBA outcomes to see how top with our students. assess what the graduates have self-
reported as their compensation and in
programs compare, help them sort some cases make decisions on what
With our Employment Reports, we target
through the list of schools they a minimum of 90 per cent of our students industries they want to pursue.
might want to consider, and find reporting their job status, which specifies
whether they have received an offer
the one that’s right for them. or whether they are currently still job-
Career transitions
seeking. For the 2022 MBA class, we had Prior work experience is an important
Not all reports are created equal, a 98-per-cent reporting rate by September admissions criteria at Ivey, and it often
1st, 2022 (which tells you how many helps our graduates make their desired
but their intentions are the same: to
graduates provided information). changes to new geographies, industries,
help prospective students understand and/or functions in new companies
where recent graduates have gone in We also detail offer rates at both the three- or in their previous companies.
and six-month points following graduation Looking at how many graduates in a
their post-MBA career endeavours.
(and exclude data from students who are class have made a change, as well as
travelling, taking a leave of absence, or which companies came to look at the
seeking entrepreneurship opportunities) talent, may help you answer your own
All data, except where otherwise noted,
is captured as of September 1st, 2022. to help you understand that, for some, questions about the viability of the MBA
the career journey is longer than for and its role in helping you make the
others, but, in the end, our graduates personal career change that started you
are successful. on this journey in the first place.
MBA CLASS OF 2022
6 / Ivey MBA Employment Report
Class of 2022
at a glance
Diversity of industries, functions, geography, and
perspectives is one of the many strengths of the Ivey
MBA. With a focus on case method and experiential
learning, students are able to challenge each other
and learn from one another as they come up with
strategies to solve real-life business problems.
46+42163107y
46+
Geography of accepted Industry of accepted
employment employment
n Consulting (46%)
n Healthcare (3%)
(Includes Chicago, n Technology – Information and
Seattle and San Communication (Telecommunications) (2%)
30++13854321y
30
Alumni industry
of employment
n Finance (31%)
n Consulting (13%)
n Technology (8%)
Vancouver n Other* (8%)
4% n Healthcare (5%)
n Education (5%)
n Consumer Packaged Goods (5%)
Ottawa/Hull n Wholesale/Retail (4%)
78%
2% n Real Estate/Property (3%)
Calgary 6% n Natural Resources (3%)
n Telecomms/Communications (3%)
Canada Other 4%
n Manufacturing (2%)
Recruiting at the
Ivey Business School
Ivey’s employment success is largely supported by its world-class Career
Management department. Career Management guides MBAs through
the recruiting and interview process, provides students with tools and
95%
95%
Of graduates who accepted an
resources, and helps them develop the skills they need to succeed in offer and made at least one career
their post-MBA career journey. transition (change in industry,
function, and/or geography)
10
72 per cent made at least two career
Of students reported transitions, and 25 per cent made three
being satisfied with the job career transitions (change in industry,
function, and/or geography/country)
they accepted post-MBA,
based on a 52-per-cent
233
Students returning reporting rate
to their former
employer
3 Companies that
posted jobs to Ivey
68
MBA students
Number of
students pursuing
entrepreneurship
Companies with “A lot of the big players in the world of finance have
which our MBA students
accepted employment come from Ivey, so Career Management directed
and guided me on how to reach out to that network
and develop relationships there and that was really
beneficial to my ability to be able to secure a role in
a Canadian investment bank.”
55+17+954321y
55
Recruiting at the Function of accepted employment
Finance (16%)
advantage of opportunities promoted through Ivey. * Other includes: Accounting and Project Management.
65% 31%
% Receivinggg Min $ Max $ Average $ Median $
School-facilitated Graduate-facilitated
Other Guaranteed Compensation 22% $3,000 $100,000 $19,373 $12,500
• Career Management • Networking (Outside School) 18%
Posting 51% Total Compensation 100% $65,000 $300,000 $141,231 $124,975
• Company Websites, External Job
• Networking (Alumni and Boards/LinkedIn 11%
Corporate Partners) 12%
• Personal Network
• Faculty Referral 1% (Friends/Family) 1%
• Resume Book/
“I found consulting to be exactly the challenge that I needed
• Previous Employer
Quiet Search* 1% (Before starting Ivey) 1% – being able to work with different industries, while still
leveraging my traditional financial background – and the
• Source of offer unknown or not reported: 4% school had the resources that I needed to be successful.”
Alumni Spotlight
“Hearing about how She credits the alumni and develop a strong network and
14 / Ivey MBA Employment Report
(instructors) navigated various companies she met during was drawn to Ivey’s diversity of
structures and transaction Campus Recruiting with students and worldwide alumni
types that are in some cases helping her explore the world network, which helped her and
very unique to Canada gave me of consulting, as she navigated her co-founder get their company,
a valuable reference point to different career options to Littl, off the ground.
bring into the workplace.” identify which ones interested
After the MBA, Wu joined
her most.
And while his current role came Entrepreneur First, an incubator
from his own research, he found Once McEwen decided community she discovered when
Career Management to be a she wanted to pursue a one of the partners visited her
crucial resource when it came consulting role, she found Consumer Marketing class as
to discussing opportunities and Career Management and her a guest speaker. She applied to
negotiating his contract. They classmates crucial to helping the program and reached out
also pointed him in the direction her land the role. to Career Management for help
of several Ivey alumni who could From Career Management, preparing for the interview.
Neetish Bijayananda, provide guidance and advice. Jessica McEwen, McEwen was able to get Noreen Wu, MBA ’22 “They helped me by preparing a
MBA ’22 “A lot of the big players in MBA ’22 guidance around who to reach Co-Founder, Littl list of questions (Entrepreneur
the world of finance have Associate out to within the Ivey network to Entrepreneur First) might ask me, which was
Investment Banking Associate
Clariti Strategic Advisors come from Ivey, so Career McKinsey & Company learn more about the industry really helpful because I’d never
Management directed and and interview process, as well worked in tech, so I was really
Neetish Bijayananda, MBA ’22, guided me on how to reach out After eight years at a financial as help with interview prep and Noreen Wu, MBA ’22, wasn’t nervous about that – but I ended
had a clear goal when he applied to that network and develop firm in Calgary, Jessica navigating offers. planning a conventional up being able to join the program,”
for his MBA as an international relationships. That was really McEwen, MBA ’22, felt it was Her classmates were path when she began her Wu says.
student: to secure a job within beneficial to my ability to time for a new challenge, and instrumental in preparing for Ivey journey, but she knew “The team at Career Management
his field at a Canadian company. be able to secure a role in a after seeing the opportunities case interviews, which are a big a strong network and solid was really good about checking in,
Canadian investment bank.” available to her partner during part of the hiring process for understanding of the basics making sure that I was supported,
Having spent five years working
As he settles into his career his time at Ivey, she decided the consulting. would help her achieve her sending resources and keeping me
with a boutique investment
in Canada, he’s grateful to school could help her advance entrepreneurial goals. engaged the entire time.”
bank in Australia, he was also “The alumni were so helpful to
begin the journey with a solid her career as well. She also wanted to gain
interested in continuing to me that I feel a deep obligation It was also through connections
work with a smaller firm, which support system of friends and Given her background in to the class after me to pay it technical skills and sharpen her with her classmates and the
provided a more personal and classmates. finance, McEwen thought she back,” she says. understanding of finance, data broader Ivey alumni network
hands-on experience. “For international students, might transition into a larger management, and operations, that she found a mentor and
“I never would have ended up
when you do an MBA, you’re institution or a more complex and felt that Ivey’s Case Method ambassador for Littl, a tech
And while Ivey’s world-class where I did if I didn’t do the
moving to a whole new country role, but during Fall Recruiting, would be a much better fit for start-up that connects newborn
reputation was a big draw, MBA.”
by yourself, and you come out she found herself drawn to her style of learning than any parents with licensed pediatric
Bijayananda found the school’s
of this program with people consulting. lecture-based program. experts through 24/7 phone care.
network and case method
provided some even bigger that you feel like you’ve known “I found consulting to be “It was really great to be able to Within three months of joining
benefits than he expected. for a really long time, and from exactly the challenge that I banter and problem-solve with Entrepreneur First, Wu had found
a variety of backgrounds,” needed – being able to work classmates and professors in her co-founder and secured pre-
“A lot of these cases are a lesson
says Bijayananda, who before with different industries, while real-time,” she says. “The Case seed investment for the company,
in Canadian business history,
Australia, lived and studied in still leveraging my traditional Method really helped me with which she has now moved on from.
and they give you precedents
his native India. “That’s this financial background – and the my confidence and to be able to “I don’t think we could have grown
that have been set in the
hidden bonus that people don’t school had the resources that I talk and be relevant to a lot of Littl that fast and that well without
market,” says Bijayananda,
talk enough about.” needed to be successful,” says industry leaders, which helped that Ivey network. Their support
now an Investment Banking
McEwen, now an Associate me with my transition.” was genuine, and I know that
Associate with Clariti Strategic
with McKinsey & Company in As an entrepreneur, Wu also whatever I ended up doing next, I
Advisors in Toronto.
Toronto. wanted to make sure she could will have that community with me.”
MBA CLASS OF 2022
16 / Ivey MBA Employment Report
Consulting 47% $85,000 $200,000 $143,330 $140,000 Marketing 4% $95,000 $105,000 $100,250 $100,500
* Financial Services – Other includes: Equity Research and Investment Banking. Calgary 6% $110,000 $200,000 $164,833 $180,000
* Other includes: Advertising (Marketing Services, Ad Agencies, Communications, Public Relations), Construction, Consumer Products – Beverages/Food,
Education, Manufacturing and Retail.
Toronto/GTA 79% $72,000 $200,000 $120,931 $110,000
Ivey Corporate
Clean Conduit Inc. PMP Consulting Marcatus QED The M2T Collective
Partners
Cognizant Revenue Management Mars, Incorporated University of British
Labs Columbia
Cornerstone Research* Mondelez International
Roland Berger* WCG Services
Deloitte* Nestlé*
SA Collective Western University*
Below is a list of organizations that engaged with Ivey’s MBA students in the last three Desa Analytics Nudestix
Sapling Financial
years through networking, company-sponsored education leave, hiring, formal postings, Dunsky Energy + Climate Consultants Inc Nudger Ltd.
Advisors* ENERGY/RESOURCES
and/or campus recruiting. Organizations that have been one of our top hiring firms for the Satov* PepsiCo Canada
Eastwood & Cleef LLC* Algonquin Power &
past three years are bolded. Those companies denoted with an (*) hired at least one Ivey Procter & Gamble* Utilities Corp.*
Slalom
MBA graduate from either of the 2022, 2021, and 2020 cohorts. EY*
Stack’d Consulting Reckitt Amp
Fusion Analytics
The Arnold Group* Skilled Accents EPCOR
Charity Intelligence NorLand Limited Gale
ACCOUNTING AEROSPACE (SPACE Canada Slo-Brew Botanical Kinectrics
Trindent Consulting
EXPLORATION, Pandacea GGA Partners
Lipton LLP SATELLITE Cleveland Clinic Canada* Tealeaves Mercer International
Vayner Commerce
COMMUNICATIONS, Smith and Long* Grant Thornton LLP Group*
Williams & Partners COMMERCIAL SPACE, Innovative Canadians for The Kraft Heinz
Vector Medical
DRONES, AIRLINES/ Change iDriveCareer (iDC Corporation Company* Northland Power
AVIATION)
Kids Help Phone CONSULTING IQVIA* Reliance Home Comfort
ADVERTISING Wavestone*
Executive Aviation
(MARKETING Accenture* CONSUMER SERVICES
NAIOP Iris Pricing Solutions X/Celerant Consulting RiteRate
SERVICES, AD
AGENCIES, Ontario Bioscience Accuracy Isaac Operations Ivy Charging Network Seven Generations
ZS*
COMMUNICATIONS, AGRICULTURE/ Innovation Organization Energy Limited
PUBLIC RELATIONS) AGRIBUSINESS Adaptovate* Kearney* London & Middlesex
Ontario Chamber of Community Housing Subterra Renewables*
Acosta Nutrien Commerce Alix Partners* KPMG* CONSUMER
PRODUCTS Teck Resources Limited*
Al Murad Group* Science Teachers Amaris Consulting LEVEL5 Strategy
Association of Ontario Apollo Area Health and ECONOMIC Toronto Hydro
B4Brand ARCHITECTURE & Avanade* Marsh & McLennan DEVELOPMENT
Beauty Care*
PLANNING The Starfish Canada Companies TransAlta*
Bond Brand Loyalty Avascent Calgary Economic
Arterra Wines Canada
Infrastructure Ontario* Toronto Region Board of Maslow Centre for (AWC) Development Vale
Dark Slope* Bain & Company*
Trade Executive Leadership
Saunders Arkitektur AS Beiersdorf Manitoba Technology
Directive BDO Canada* Accelerator (Formerly
UNTOLD Mastercard Advisors*
Brüst Beverage Company Juno Growth)* ENTERTAINMENT
Hivestack* BlockZero Advisors*
Venture for Canada McKinsey & Company*
AUTOMOTIVE MaRS Discovery District* Fitness World Canada*
Canopy Growth
Klick Boston Consulting
Women in Capital Mensana Change Corporation*
Enterprise Holdings Group (BCG)* Maple Leaf Sports &
Markets Management Ltd.
Konrad Group Entertainment
Volkswagen* General Mills*
Burnie Group* EDUCATION
MNP
LoyaltyOne Ontario Lottery and
Good Food for Good
CONSTRUCTION Canada Startup Aspire Gaming Corporation
Norima Consulting
Mash Company (OLG)
CHARITIES/NON- Green Hedge
Aria Vent Nous Group Connective Intelligence
Publicis Sapient* PROFIT Capco* Inc.
Johnson & Johnson* RANI Creative Collective
Fusion Homes Oliver Wyman*
Shift Marketing Access to Success Carly Rian Group* GoStudent*
Kind Laundry Skillz Inc.*
Organization
Great Gulf* Optimus SBR
SZID Inc. Carpedia Jain University Incubation SpinMaster
C100* Labatt Breweries of
Hilti* Partners in Canada Centre
Vantage Marketing Cascadia Strategy Toronto Raptors
Canadian Congenital Performance*
Canada Ledcor Consulting Partners* King’s University College
Heart Alliance (CCHA) L’Oreal
Pivotree* Winnipeg Trolley
Victory Creative Group Linwood Homes* Company
Maple Leaf Foods
MBA CLASS OF 2022
20 / Ivey MBA Employment Report
Chou Associates Legacy Private Trust* Signal Hill Equity Partners Dream Unlimited
ENVIRONMENTAL Management Inc. HEALTHCARE MANUFACTURING SECURITY AND
SERVICES Lightheart Management Silver Point Capital Kipling Group* INVESTIGATIONS
Citi* Partners* Cambridge Brain 3M
Alberta Innovates Sprott Capital Partners Sciences Mattamy Homes Stealth Monitoring Inc.
Clairvest Group Inc. Longview Asset ClearPath Robotics
Anaergia Management Ltd. Stillwater Capital Canadian Hospital Nightingale Group*
Clariti Strategic Specialties Limited Demon Powersports
Taking Root Advisors* Mackenzie Investments Sun Life Financial* Pearl Group TECHNOLOGY
Closing the Gap Evonik Industries*
Trojan Technologies* Clearco (formerly Manulife Financial TD Bank Financial Healthcare Pure Industrial Real 7shifts*
Group* e-Zinc Estate
Clearbanc)*
Maro Partners Critical Care Services ADP
The Group Ventures Ontario Indiva* Welltower Inc.
CPP Investments
FINANCIAL SERVICES Marquee Group Advanced Analytics and
Toronto Finance GlaxoSmithKline (GSK)* Irving Shipbuilding* Research Lab
Creative Destruction
Agentis Capital Massey Capital International
Lab* Martinrea International*
Greensahara Inc. RECRUITMENT Agorize
AGF Investments Mawer Total Credit Recovery SERVICES/EXECUTIVE
Deutsche Bank AG Miru Smart
GlaxoSmithKline (GSK) SEARCH AirMatrix
American Express* Morgan Stanley Triton Advisory Services* Technologies*
Efficiency Capital*
Hear.com Altis Recruitment Alida (Formerly Vision
Archer Growth Partners Morrison Park Advisors* Visa* NRStor Critical)
Entrepreneur First*
Ipsen Corporate Consultants
Area One Farms* Nanopay Corporation World Bank Group* Biopharmaceuticals* Patriot Forge Alphavima Technologies
Equitable Bank
Insight Global Inc.
ATB Financial National Bank of XPV Water Partners Mannin Research Inc. Sansin
Fabriik
Canada* Intercast Staffing Amazon*
Atrium Mortgage Novartis* Sherwin-Williams
Fidelity Investments
Investment Corporation Neuberger Berman Janet David + Associates Appficiency Inc.
FOOD SERVICE/ Novo Nordisk Shimco Inc.
Framework Venture
Aviva Canada Ninepoint Partners LP RESTAURANT/FOOD ApplyBoard
Partners Siemens
PRODUCTION PharmAla Biotech Inc. Lock Search Group
Bank of America-Merrill NMG Consulting* AutoLeap
Frankel & Company* Skyjack
Lynch (BofA) Chick-fil-A* Pocketpills South End Partners
GDA Capital Northleaf Capital Avanti Software
Bank of Canada Gousto* PurposeMed Vintex Inc.*
Partners*
Georgian Partners* Bell Canada
Baseline* OMERS HelloFresh* Quinte Health Care* RETAIL Enterprises*
Growth Partners PUBLIC
BCI Ontario Teacher’s Niagara Bottling Sanofi Aritzia* Bitbuy
ADMINISTRATION/
HomeEquity Bank* Pension Plan Board REGULATORY GROUPS
Birch Hill Equity Partners Smith & Nephew* Best Buy Canada Black Leopard
HOOPP (Healthcare of Overbond Technology
BMO Financial Group* RESTAURANT BRANDS SteriMax Inc. Higher Education Quality Canadian Tire
Ontario Pension Plan) Council of Ontario
Paradigm Capital* INTERNATIONAL* Corporation Blackbery
Burgundy Asset Sunnybrook (HEQCO)
HSBC Bank
Management Ltd. Plenary Recipe Unlimited DrugSmart Pharmacy Blue Umbrella Limited
iA Financial Group* Corporation* Szio+
Callian Capital Group* Polar Asset Management Hudson’s Bay Company* Bolt Logitsics
Saputo Inc.* Thrive Health* REAL ESTATE
Ideal Ventures Partners
Cameron Stephens Loblaw Companies Canada’s Virtual
Mortgage Capital Ltd. The Butcher Shoppe Trudell Medical Avison Young Limited* Assistant
IGM Financial Portland Investment
Counsel International
Canada Life* BentallGreenOak Mantaro Capital Corp Ceridian*
Impak Finance
Position Ventures Wosler Corporation
Canadian Association of GOVERNMENT Bosa Properties Shoppers Drug Mart CIRA*
InstarAGF Asset
Alternative Strategies & Management Inc. Prospera Credit Union
Assets City of Orillia Cadillac Fairview SSENSE Circuit IQ
Invesco Purpose Advisor LAW AND LEGAL
CIBC* Export Development SERVICES Crestpoint Real Estate TJX Canada Cisco
Solutions*
Invictus RG Pte. Ltd. Canada*
Canadian Venture Goodmans LLP* DCI Properties CityServ
Quantfury*
Capital & Private Equity Juno Capital Partners* Government of Canada
Association (CVCA) RBC* McCarty Tetrault Constellation Software
Koru* Ontario Securities Inc.
Capital One* Scotiabank* Commission
LaurelCrest Partners* Databook*
MBA CLASS OF 2022
22 / Ivey MBA Employment Report
Telephone: +1.519.661.3212
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Fax: +1.519.661.3431
mba@ivey.ca
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