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Richard Ivey School of Business
9.5(1)
VerifiedPublicEstd. 1922
Founded
1922
Type
Public
University Guide
About Richard Ivey School of Business
Explore overview, courses, fees, admissions, campus life, scholarships and student accommodation guidance in one premium Admistay guide.
Ivey Business School is affiliated with the University of Western. Applicants looking forward to applying for an MBA at Richard Ivey can send in their applications up until 15 April 2024 (Round 2). Additionally, you must have a GMAT score of 640-680. For those accepted into the courses at Richard Ivey, it can cost you around CAD120,000 annual to cater the tuition charges.
the school offers an admission scholarship to around 80% of the students. Prospective candidates can also opt for other scholarships in Canada for International students. The school has received accolades from various ranking agencies for its MBA program making it one of the top business schools in Canada. Currently, the student population of Ivey, houses 31% international applicants.
Learn the 8 things you should know about before moving to Canada!
Highlights
| Type of University | Public |
| Establishment Year | 1922+ |
| Location | London, Ontario |
| Campus Setting | Urban |
| No. of Campuses | 4 |
| On-campus Accommodation | Available |
| Mode of Program | Full-time |
| Number of Students | 1,600+ |
| Full-time Faculty | 109 |
| Mode of Application | Online |
| GMAT/GRE score | Required |
| Financial Aid | Scholarships, awards, grants |
| Official Website | https://www.ivey.uwo.ca/ |
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Table of Contents
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Why Ivey Business School?
- Popular for its Case-Method of Learning, Ivey Business school is, alongside Harvard, among the two most important producers of business cases in the world.
- The world's largest producer of current Asian and Indian business cases.
- First international B-school to have a permanent campus in Hong Kong.
- 90% of career placement rate after six months of completion of MBA course.
Ivey Business School Ranking
Though the school did not make it to 2024 rankings some of its recognition from previous years are:
- Ivey Business School ranking by QS for Business stream is #74 out of 315 in global ranking, #3 out of 22 in Canada for the year 2024.
- #84 out of 100 in Global Ranking according to Financial Times
Ivey Business School Campus
The main campus of Ivey Business School is located within the Western University’s campus in London, Ontario. However, the school also has its campus in three other locations -
- Spencer Leadership Centre in London, Ontario: This campus is a short distance from Western’s campus and is home to the Ivey Academy. It covers an area of 30 acres and offers Ivey Academy and EMBA programs.
- Donald K. Johnson Centre: This centre is located in the Exchange Tower in Toronto's financial district. It is a state-of-the-art executive teaching facility offering executive education and EMBA programs.
- Hong Kong Campus: This campus is home to the Cheng Yu Tung Management Institute in the Hong Kong Convention and Exhibition Centre. It only offers executive education programs.
The Richard Ivey Building has achieved the Gold Leadership in Energy and Environmental Design (LEED) certification. The school also boasts having various clubs such as HBA Social Impact Club, Ivey Connects, MSc Sustainability Club, MBA Social Impact and Sustainability Club, etc where students can socialise with each other.
Ivey Business School Residence
There are 2 main accommodation options available for students of Ivey Business School - living in student residence offered by the school or living off-campus.
- Accommodations on campus are mainly reserved for first-year students between the age of 17 to 18 years.
- Some accommodation options are available for graduate students as well.
- There are 7 first-year buildings each having common facilities. Upper-year buildings include Alumni House and London Hall.
Students who are planning to opt for off-campus accommodation can access resources available on the Western Off-campus housing website, The Marq London, The Gazette, etc. However, they should note that the cost of accommodation may vary between 1,200 CAD - 1,700 CAD per month.
Ivey Business School Courses
Ivey Business School offers undergraduate, graduate, doctoral and executive education programs in Business, Management, Entrepreneurship and Finance. Programs offered by the Ivey Business School include:
- Ivey HBA is the only undergraduate degree program offered by the school and opens the door to explore diverse career paths.
- MBA Direct for HBAs is an 8-month MBA program designed for recent HBA graduates. The program starts in July every year and does not require any prior experience or GMAT scores.
- Ivey also offers a full-time MBA program which is a 12-month course beginning in March. Apart from that the Business School also offers an accelerated MBA program and an Executive MBA program.
- Ivey Business School is renowned for its case study method of learning. The School produces important business cases in the world alongside Harvard.
Ivey Business School Application Process
Most programs offered by the Ivey Business School have several rounds of intake on a rolling basis. International applicants must not wait until the last rounds to apply as the process to apply for a study permit may take longer. Applications are reviewed only once all materials have been received.
How to Apply?Applicants seeking admission to Ivey Business School must take note of the following details:
Application Portal: Online Portal
Application Fee: 150 CAD for MBA, 100 CAD for MSc.
Admission Requirements: The following documents must be submitted along with the application for admission:
- Unofficial transcripts from all post-secondary institutions.
- GMAT/ GRE score
- GMAT score is waived for students who have passed all 3 Levels of the CFA designation.
- Resume displaying a minimum of two years, full-time work experience
- English language proficiency test scores
- Two to three completed reference forms
- Online application, including completion of two, required written essay questions and two required video questions.
Students can also refer to: Sample SOP for MBA in Canada
English Language Requirements
The following minimum English language proficiency test score requirements must be fulfilled for admission:
| Test | Minimum Requirements |
|---|---|
| TOEFL | 100 |
| IELTS | 7.0 |
| PTE | 70 |
| MELAB | 85 |
| CAEL | 60 |
| Duolingo | 125 |
Note: University of Western Ontario is only accepting MELAB scores that are not more than two years old.
Ivey Business School Cost of Attendance
Prospective candidates planning to attend Ivey Business School should know the general cost of attendance such as tuition fees, cost of living in Canada and other accessory charges.
Tuition and Academic Expenses are given in the table below -
| Type of Expense | Cost in CAD |
|---|---|
| Tuition Fees | 120,500 |
| Western Student Organisation Fee | 1250 |
| Western Student Ancillary Fees | 550 |
| Ivey Course Material Fees | 2800 |
| UHIP Health Insurance(Mandatory for International Students) | 720 |
An estimated monthly cost of living in London, Ontario has been given in the table below -
| Type of Expense | Cost in CAD (Per Month) |
|---|---|
| Accommodation | 650 - 1700 |
| Apartment Liability Insurance | 15 - 20 |
| Food | 500 |
| Utilities | 100 - 160 |
| Clothing | 200 |
| Cell phone and internet | 80 |
| Miscellaneous | 200 - 300 |
Ivey Business School Scholarships/Financial Aid
Ivey Business School offers several merit-based awards and scholarships to its international applicants. Prospective candidates who wish to be considered must fill in the financial aid/scholarship section in the application form during admission.
All prospective scholarship candidates will be assessed based on their academic merit and leadership qualities. Selected candidates will be notified along with their admission offer. The scholarships offered by Ivey Business School are as follows:
- Admission Scholarship: 10,000 - 65,000 CAD
- Ivey Global Leader Award: 50,000 CAD
All international students are expected to investigate all sources of funding, including government and private loans. International students who do not have permanent residency status but have a strong Canadian cosigner may consider a loan with a Canadian bank.
Ivey also extends student loan benefits to international students by partnering with external financial institutions. In this case, students will be invited to apply based on their academic merit. The school will notify the eligible students at the time of admission offer. Other than this, students can explore other funding options and scholarships in Canada. Examples of such funding options include the Government of Canada - international student scholarships, financial aids by the Indian Association for Canadian Studies etc.
Ivey Business School Alumni Network
By connecting alumni with each other and the school, Ivey encourages and promotes continuous professional and personal enrichment through the alumni network. There are various events organized for alumni members such as Global Ivey Day, Ivey Chapters, etc.
Members of the alumni association are entitled to benefits like 25% discount on specific programs, Monthly e-newsletter subscription, Career services, and Invitation to all events for the alumni.
Some notable alumni of the school are:
- Thomas H. Bailey, founder Janus Capital
- Nick Bontis, Canadian academic
- Michael Kitchen, CEO, Wealthsimple
- Gar Knutson, Member of Parliament
- Ray Muzyka, CEO of BioWare
Ivey Business School Placements
In 2022, Ivey Business School facilitated 63% of job offers whereas 33% of students found a job on their own through networking skills developed during their MBA program. The base salary of Ivey MBA Graduates is in the range of 43,000 CAD - 190,000 CAD with a median salary of 98,000 CAD.
In situations where other compensations such as annual bonuses, signing bonuses, moving expenses were offered, the amount ranged from CAD 2,000 to 84,425 CAD with a median of 15,000 CAD
Salary breakdown of MBA graduates by Industry has been given below :
| Industry | Average Salary( In CAD) |
|---|---|
| Consulting | 118,917 |
| Consumer Packaged Goods | 82,333 |
| Financial Institution | 89,737 |
| Technology | 105,002 |
Salary of 2022 graduates of Ivey Business School by function have been given in the table below -
| Type of Function | Average Salary |
|---|---|
| Consulting - Management/Strategy | 120,176 |
| Finance - Asset Management | 88,333 |
| Finance - Commercial Banking | 74,800 |
| Leadership Development/Rotational Program | 104,105 |
| Business Development/Corporate Development | 92,750 |
| Operations | 109,360 |
| Sales | 98,333 |
With Canada’s number 1 employment success and career progression, Richard Ivey is gaining popularity among international candidates.The college also boasts having 19 of its graduates who went on to pursue ventures including some of the Profit 100 Fastest-growing companies.
The above-mentioned factors are among some of the reasons why Ivey Business School has made its name among global best and is now receiving 100s of applications from international students.
FAQ’s
Ques. Is Ivey Business School prestigious?
Ans. In 2023, the Financial Times ranked our Executive Education program #1 Overall in Canada. Ivey Business School ranking by QS for Business stream is #74 out of 315 in global ranking, #3 out of 22 in Canada for the year 2024.
Ques. Is an MBA from Ivey Business School worth it?
Ans. The Ivey MBA program offers excellent job prospects and a strong return on investment (ROI) for its graduates.
Ques. How much does an MBA cost in Ivey Business School?
Ans. Following is the cost that an international and domestic student will have to incurr for their MBA tuition fees at the Ivey Business School:
| Tuition | 2024 |
|---|---|
| Tuition Domestic Students | $83,250 |
| Tuition International Students | $126,600 |
Courses & Fees
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Admission Guide
Admission Process
Richard Ivey School of Business is the business school of the Western University Ontario located in London, Ontario. The business school offers undergraduate, graduate, doctoral and executive education programs. It also has two teaching facilities in Hong Kong and Toronto for its MBA and Executive Education programs.
Almost 30% of the business school’s student population comprises international students. Around 2/3 of the HBA class were formerly Ivey AEO while the remaining were students of Western University or other universities who discovered interest in business during the first two years of university study.
Applicants seeking admission to Richard Ivey School of Businessmust take note of the following:
- Applications for the MBA program are processed on a rolling basis.
- International applicants who require a visa to study in Canada cannot apply for the MBA program beyond round 4.
- The business school’s HBA program accepts students in their second year.
- Admission interviews are an essential part of the process of admission to graduate degree programs.
- Submission of IELTS scores as proof of English language proficiency is recommended by Canadian Immigration.
- Leadership skills demonstrated through work experience, extracurricular activities, community involvement can be a valuable addition to the application.
- Students with a strong academic background usually an average of 90% or above in grade 12 including English and good knowledge of mathematics are likely to be admitted to the HBA program.
- Applicants who have not taken the GMAT or GRE can still apply and receive a conditional offer on the basis of the remaining credentials.
Highlights
| Application Portal | Online |
| Application Fee | 150 CAD (domestic applicants) 156 CAD (international applicants) |
| Mode of Payment | Debit cards of Canadian banks |
| Academic Calendar | Semester based |
| Intake Seasons | Fall, Spring, Winter, Summer |
| Financial Aid | Scholarships |
| Work Experience | Required for graduate programs |
| English proficiency test scores required | TOEFL/ IELTS/ PTE/ MELAB/ CAEL/ CanTEST/ Duo Lingo |
Richard Ivey School of Business Admission Deadlines
The application deadline for undergraduate applicants are as follows:
| Program | Application Deadline |
|---|---|
| AEO Application Deadline | January 15, 2024 |
| AEO2 and HBA Application Deadline | January 29, 2024 |
Applications are processed on a rolling basis. There are multiple intake rounds of the MBA program. The application deadline for the MBA program is as follows:
| Application Round | Application Deadline |
|---|---|
| Round 1 | January 18, 2023 |
| Round 2 | April 12, 2023 |
| Round 3 | July 12, 2023 |
| Round 4 | September 20, 2023 |
| Round 5 | November 8, 2023 |
| Round 6 | January 10, 2024 |
Richard Ivey School of Business International Student Admissions
The deadlines for international students vary depending on the programs, major and sessions. The minimum requirements for international applicants to submit admission into any of the graduate programs also depend on the countries in which their undergraduate degrees were obtained.
Application Portal: OUAC Application
Application Fee: 156 CAD
Admission Requirements: It is essential to check the admission requirements before submitting applications for either undergraduate or graduate programs. The general required for all international students applying for programs at the institution are:
- Online application form
- Official certificates transcripts from previous high school or college
- Translation of official transcripts from other language to English language
- English language proficiency tests (such as TOEFL and IELTS) sent directly to the admission office of the university
- Applicants from India must submit the following results:
- Results of class XII from CBSE/ ICSE/ State board
- Results of class X
- Motivation Letter, Essay or Statements of Purpose
- Recommendation Letters from previous supervisors or teachers
- Standardized test scores such as GRE and GMAT
- Proof of financial support, scholarship or waiver
- Copy of international passport
English Proficiency Test Score for International Students
Students applying for any of the undergraduate programs must submit the results of high school and post-secondary school English Language tests or exams to meet the minimum requirements for English proficiency tests. One of the requirements for international applicants is the submission of English proficiency tests or exams such as MELAB, PTE, Cambridge C1 or C2, CAEL, CanTEST, TOEFL and IELTS. The minimum requirements/scores for some of the English proficiency tests are outlined below.
| Test | Minimum Requirement |
|---|---|
| TOEFL (iBT) | Computer-based test – 83: paper-based test – 550 |
| PTE | Overall score: 58 or above |
| IELTS | 6.5 or above (min. 6.0 in each section) |
| CAEL | Overall score: 60 or above |
| MELAB | Overall score: 80 or above |
| CanTEST | 4.0 or above (min. 4.0 in each section) |
| Duo Lingo Test | 115 |
Visa Process for International Students
After an admission offer is given and accepted, it is vital for international applicants to apply for a student permit in order to study in Canada. The required form is mostly given to successful applicants through mail or postal service. Applicant should prepare the following documents for visa application:
- Valid International Passport
- Visa Application Form
- Acceptance letter from designated university
- Financial support for tuition fee, living expenses and transport to/from Canada.
- Police Certificate and Medical Examination
- Complete biometrics
Richard Ivey School of Business Undergraduate Admissions
The undergraduate program at Richard Ivey School of Business is popularly referred to as Ivey HBA program. The program gives students the platform to gain academic skills and experience before choosing their career interest. Applicants should check the admission requirements before they submit their applications for admission into any of the programs at the university.
Where to Apply: Ontario Universities' Application Centre (OUAC) and supplemental Ivey application
Application Fee: Ontario secondary school students - 150 CAD; All other applicants - 156 CAD
Admission Requirements: The requirements for admission to the undergraduate programs offered by the business school are as follows:
- Completed OUAC application
- Completed Ivey AEO application
- Choice of program for the first two years at Western
- Official high school transcripts
- Average of 90% in grade 12 including English
- Completion of mathematics course
- Demonstrate leadership skills through extracurricular activities, community involvement or work experience.
- Proof of English language proficiency (for international students)
Richard Ivey School of School Graduate Admissions
The graduate programs at the institution include MBA (executive or accelerated); M. Sc. in Management and PhD programs. The general requirements for admission into graduate programs at the university may vary slightly depending on the choice of program.
Application Portal: Online Application
Application Fee: Depends on program
Admission Requirements: The general requirements for the graduate programs are:
- Personal Statement/Motivation Letter or Statement of Purpose
- Recommendation Letters from previous supervisors or employers
- Resume/CV
- Academic Transcripts and Certificate
- Standardized Tests such as GRE and GMAT
- Certificate of Sponsorships or Financial Supports
- English Proficiency Tests
Program specific requirements have been provided in the table below:
| Requirements | M. Sc. in Management | MBA | Accelerated MBA | Executive MBA |
|---|---|---|---|---|
| Application Fee | 150 CAD | 150 CAD | - | - |
| Transcripts | Required | Required | Required | Required |
| GMAT/ GRE score | Required | Required | Required | Required, GMAT scores |
| English language proficiency | TOEFL – minimum 100; IELTS – 7.0 |
Required | Required | Required |
| Video essay | Required | Required | Required | Required |
| Letter of recommendation | Required, 2 references | Required, 2-3 references | Required, 2 references | Required, 2 references |
| Resume | Required, 2 pages | Required | - | - |
| Work experience | - | Required, Minimum 2 years full time work experience | Required | Required |
| Interview | Required (by invitation only) | Required | - | - |
The applications will be reviewed once all supporting documents are received. The University will contact applicants to inform if any document is missing. If all documents are in place, the file is reviewed and processed for admission. The application review process takes 2-3 weeks if all documents and online video essays have been submitted appropriately. For some programs, the decision will be communicated within 4-6 weeks. Due to high volumes, the review process might continue for as long as 8 weeks. The school conducts interviews for students by invitation only. All students who have been admitted will have to appear for an interview once. Interview might be in-person or online through Skype. Selected applicants will be given preparation tips along with the interview invitation.
FAQs
Ques. Will I be interviewed for admission to the Richard Ivey Business School?
Ans. Yes. Admission interviews will be conducted within 2 weeks after submitting all the application documents. Interviews are conducted on invitation only and all MBA applicants are interviewed at least once before the admission is confirmed.
Ques. How long will it take to get a response from Richard Ivey Business School?
Ans. The application process for applying to the Richard Ivey Business School as an international applicant is not very lengthy. Applicants can expect an admission decision within 4-6 weeks from the day of application submission. Sometimes due to the volume of applications, admission decisions can take up to 8 weeks to arrive.
Ques. How can I have a competitive application for admission to the Ivey HBA program?
Ans. A competitive application for admission to the Ivey HBA program must include:
• Leadership skills demonstrated through extracurricular activities, community service or work experience.
• Average 80% in 10 full courses or equivalent.
Ques. Can I apply for the Ivey HBA program from another university?
Ans. While applicants can transfer to Ivey from another university, it is very competitive. There are very limited seats available for transfer applicants. It must also be noted that students in the third year or higher of a commerce program at another university cannot transfer to the HBA program.
Ques. What are the financial aid options available for international students for studying at the Richard Ivey School of Business?
Ans. International students will be considered for financial aid offered by the Richard Ivey School of Business as well as the Western University. There are various scholarships, awards and student loan options for international students. Well-performing international students will be eligible to receive the admission scholarships ranging from 1,000-10,000 CAD.
Placements & Recruiters
Richard Ivey School of Business Placement Details
Richard Ivey School of Business in London, Ontario, Canada placement details include salary insights, top recruiters, and hiring trends to help students understand career outcomes and campus opportunities.
Students usually compare highest package, average package, and recruiter profile before applying. This section gives a compact overview of career outcomes and placement visibility in London, Ontario, Canada.
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Rankings over the years
Year-wise highlights from global and country rankings available for this university.
2022
Highlights
2022
2022
- Business: #1 in country
- Top source: Bloomberg
- 2 ranked streams
- Focus areas: Management, Business
- 4 ranking records in 2022
2023
Highlights
2023
2023
- Business: #2 in country
- Top source: QS
- 1 ranked streams
- Focus areas: Business
- 2 ranking records in 2023
2024
Highlights
2024
2024
- Business: #4 in country
- Top source: Financial Times
- 1 ranked streams
- Focus areas: Business
- 2 ranking records in 2024
2025
Highlights
2025
2025
- Best overall country rank: #3
- Management: #2 in country
- Top source: QS
- 3 ranked streams
- Focus areas: Management, Business
- 2 ranking records in 2025
2026
Highlights
2026
2026
- Business: #3 in country
- Top source: QS
- 1 ranked streams
- Focus areas: Business
- 1 ranking record in 2026
Contact Information
Student Reviews & Ratings
Overall sentiment and category-wise rating summary
Overall score
9.5/10
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Live Summary
Academic
10.0/10
Faculty
10.0/10
Infrastructure
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Accommodation
9.0/10
Placement
9.0/10
Extracurricular
10.0/10