Rotman School of Management

Rotman School of Management
Rotman Logo
Established 1950
Type Public
Dean Roger Martin
Academic staff 113 full-time teaching staff and lecturers
Undergraduates 2,300
Doctoral students 71
Location Toronto, ON, Canada
Living MBA Alumni 11,484
Affiliations University of Toronto
Website http://www.rotman.utoronto.ca/index.html

The Joseph L. Rotman School of Management commonly known as Rotman School of Management is the University of Toronto's business school, located in St. George Street in Downtown Toronto. The school, named after Joseph L. Rotman, was established in 1950 as Institute of Business Administration though the University of Toronto has been offering undergraduate courses in management since 1902.

The school offers undergraduate, graduate and doctoral programs in business administration, finance and commerce, including full-time, part-time and executive MBA programs along with a Master of Finance course and a doctoral program, the Rotman PhD. Additionally, in collaboration with other schools at the university, it offers combined MBA degrees with the Faculty of Law and the Faculty of Applied Science and Engineering; and Collaborative Programs in Asia-Pacific Studies and Environmental Studies.

The faculty, 72 per cent of which is international, is currently ranked 16th in the world by the Financial Times for its research output. Out of 113 faculty members, 98% have doctorates. The school's dean, Roger Martin is considered by Business Week as one of the most influential management thinkers in the world. [1] [2]. The school has developed a curriculum built around Martin's concepts of Integrative thinking and Business design. Rotman’s MBA program is ranked in the top 15 in North America by the Financial Times magazine.

The school publishes the Rotman Magazine.

Contents

History

The programs for which the Rotman School of Management is now responsible had their origins in 1901 when a diploma program in Commerce was inaugurated in the Faculty of Arts of the University of Toronto. This was transformed into a Bachelor of Arts program in Commerce and Finance in 1909 and into a Bachelor of Commerce program in 1920. These programs had a strong liberal arts emphasis, which the Bachelor of Commerce program still tries to retain. A Master of Commerce program was started in the Faculty of Arts in 1938 to provide a more professional program. In 1950 the Master of Commerce program was transferred into the newly created Institute of Business Administration with a Director as its head. The degree was changed to Master of Business Administration in 1960 and the Institute was renamed the School of Business. It was elevated to the status of a Faculty with a Dean in 1972 and renamed the Faculty of Management Studies. The name was shortened to Faculty of Management in 1986. In 1995, the Joseph L. Rotman Centre for Management was opened and the Faculty of Management shifted its base to its current building. The School was again renamed as the Joseph L. Rotman School of Management in 1997 in honour of its principal benefactor, Joseph Rotman. It still, however, retains its status as a Faculty in the University of Toronto.

A Doctor of Philosophy program was begun in 1969 to develop its research orientation and to provide business school faculty for Canadian universities. In 1982 the School assumed responsibility for teaching the commerce courses within the Bachelor of Commerce program and in 1992 the Bachelor of Commerce program became a joint program of the Faculty of Arts and Science and of the Rotman School. In 1983 the School began a privately financed Executive MBA program. In 1989 a privately funded MBA in professional accounting was added. In 1996 it was moved to the University of Toronto at Mississauga and the degree changed to Master of Management & Professional Accounting. The School also offers a variety of non-degree Executive Development Programs and operates a number of research centres which complement its teaching and research activities.

In 1998, former management consultant Roger Martin was appointed Dean of the School. In the year 2000, Marcel Desautels, founder, president and CEO of the Canadian Credit Management Foundation helped in creating Marcel Desautels Centre for Integrative Thinking with a $10-Million Gift. Rotman developed a new model of business education based on integrative thinking in the same year. The AIC Institute for Corporate Citizenship was established at Rotman in 2004 with a $10-million gift from Michael Lee-Chin. The same year, Rotman completed an expansion of its campus. In recent years, the school has received significant funding from private and public quarters.

Graduate Programs

The Rotman School delivers the MBA program in five formats; full-time Two-Year MBA, part-time three year Morning MBA, part-time three year Evening MBA, one year Executive MBA that is designed for senior managers, and the Omnium Global Executive MBA, which is delivered in eight key centres of international business in six countries. The school also offers a Master of Finance course. In addition, it offers combined MBA degrees with the Faculty of Law (JD/MBA) and the Faculty of Applied Science and Engineering (Skoll BASc/MBA); and Collaborative Programs in Asia-Pacific Studies and Environmental Studies.

Rotman Full-Time MBA

The full-time MBA program is a two year program. The school offers optional pre-courses in accounting, finance and quantitative methods, and professional skills workshops on topics such as academic writing and presentation skills. The first year begins in the second week of September each year and is divided into four quarters, covering the program's core curriculum and lasting seven weeks each. In the second year, the students are required to complete, over the time of three terms, 10 elective courses out of 80 course drawn from the areas of Accounting, Business economics, Finance, General and integrative thinking, Organizational behavior/Human resource management, Marketing, Operations management, Management science and statistics, and Strategic management. The school offers MBA degree with majors in Brand management, Consulting, Funds management, Global management, Health sector management, Human resources management, Innovation and entrepreneurship, Investment banking, and Risk management and financial engineering. The student can major with one or more specialization depending on the elective courses taken in the second year.

The students can spend an entire term in second year on an international exchange program in such business schools as London Business School or Indian School of Business. Study tours to various parts of the world are also conducted for second year students.

Each year's full-time MBA program has a size of 264 students which is intended to increase once the planned expansion of Rotman's campus is complete. International students constitute around 40% of the class and around 30% of all students are female. The students of the 2011 class represented 26 countries though the majority of students were from North America and Asia. The average age of the full-time MBA students at the start of the program is 27 years and the students have 4 years of work experience on average.

Rotman Morning/Evening MBA

Morning MBA classes are primarily offered on two mornings, from 7 to 8:59 am. Students also complete three one-week-long sessions at various points in the first two years. Electives, offered in the second and third year, may be taken in the morning or any time in the afternoon and evening (depending on availability).[3]

Courses in the Three-Year Evening MBA program are offered in the evenings and occasional weekends. The program attracts 65 professionals in each annual class. .[4]

Launched in 2006, the Master of Finance program is designed for finance professionals. Classes are held one evening per week plus every other Saturday over a 20-month period,. The program offers content that is deeper and broader than that provided by an undergraduate commerce degree, a CFA or other professional programs. [5]

Rotman Executive MBA

The Rotman One-Year MBA for Executives (EMBA) is an intensive, 13-month program aims for professionals. It allows business leaders to earn a the degree without interrupting their careers.[6]

Offered over 16 months, the Omnium Global Executive MBA Program is an alliance between the Rotman School and the University of St. Gallen (Switzerland), supported by well-known post-secondary institutions in Brazil, India, Hong Kong and China — brings participants together in cross-cultural study teams to gain business experience in the world’s main economic regions. [7]

Other Programs

The JD/MBA program is a four-year degree offered by the Rotman School and the University of Toronto's Faculty of Law. This program combines graduate training in management with a degree in law. Taken separately, these two degrees would take five years to complete.[8]

The Jeffrey Skoll BASc/MBA program brings together undergraduate studies in engineering and an MBA. It is oriented towards careers in technology-based businesses.[9]

The Master of Financial Economics program is offered jointly with the Department of Economics. It includes a two semesters of coursework, a summer internship, followed by one more semester of classes.

The Collaborative Program in Asia-Pacific Studies is a collaborative master’s degree program, taken alongside the MBA program. It provides advanced training in the historical and social science studies of modern East and Southeast Asia.[10]

Students admitted to the MBA program can apply to the Collaborative Program in Environmental Studies, a collaborative program offered through the University of Toronto’s Centre for Environment. [11]

Doctoral Programs

The PhD program offers degrees in accounting, finance, marketing, operations management, organizational behaviour and human resource management, strategic management, and a joint degree in management and economics.[12]

Undergraduate Program

The Rotman Commerce program (formerly Commerce) is an undergraduate liberal arts program administered jointly by the University of Toronto's Faculty of Arts and Science and the Rotman School of Management. In April 2008, the program was renamed as Rotman Commerce after a $2.5 million gift from Sandra and Joseph Rotman.[13] Although the program name has changed, the B.Com degree continues to be awarded by the Faculty of Arts and Science. [14]

Non-degree Programs

Capital Markets Institute

The Capital Markets Institute at the Rotman School of Management works towards fostering a clear understanding of the challenges facing the Canadian capital markets, and the institutional tools that Canada must develop in order to convert those challenges into opportunities to be a leader among the world’s small, open capital markets. The focus of CMI's research is to identify the areas in which Canada should not seek to compete with larger markets, in order to maintain its strategic focus on those areas where it has or can develop a competitive advantage as well as areas where it must raise its performance to compete effectively. The CMI seeks to provide leadership to the Canadian academic and business communities to channel their resources into meaningful policy improvements. The institute provides scholarships to students who wish to pursue research in the area of the capital markets in conjunction with their graduate studies in Law or Finance.

Centre for Health Sector Strategy

The Centre for Health Sector Strategy was inaugurated in 2004 and is a key area of focused research for the Rotman School. Under the direction of Professor Brian R. Golden and a board of advisors from industry, government and academia, the Centre for Health Sector Strategy drives a research agenda that is aimed at producing actionable management knowledge for the health sector and the life sciences. Major areas of research are commercialization of life-sciences products and services; role of the private sector in healthcare delivery and technology; alliances (public-public, private-private, public-private) in healthcare; performance management, governance and control; organizational redesign and system integration and sustainability of public funding in Canadian healthcare. The industry domain of the Centre includes pharmaceutical and biotechnology, medical technology, medical informatics, hospitals and long-term care, and insurance.

The central focus of the Centre is original research, intended to inform the management and organization of the health sector. A corollary of this focus is the Centre’s support of knowledge transfer and uptake, through education as well as scholarly and managerial publications.

Clarkson Centre for Business Ethics & Board Effectiveness

The Clarkson Centre for Business Ethics and Board Effectiveness(CCBE) is the locus of corporate governance research and communications at the Rotman School of Management. The Centre monitors Canadian corporate governance trends and provides guidance to firms looking to improve their board effectiveness and disclosure. It focuses on CEO compensation disclosure, study of small and medium-sized enterprises’ governance, and tracking the governance impact of directors who sit on the boards of four or more TSX Index-listed companies.

Since 2002, CCBE’s annual Board Shareholder Confidence Index has become the standard by which Canadian governance best practices are measured.[citation needed]

Rankings

In the 2010 QS Global 200 Business Schools Report,[15] which indexes business schools based on their reputation with employers, the school was placed as the second best business school in Canada and the 18th best business school in North America.

In the 2008 Financial Times rankings of MBA programs, Rotman ranked 1st in Canada, 20th in North America, and 40th in the world (down from 27th in the 2006 ranking).[16] In the "Best in Finance" category, Rotman placed in the top 10 worldwide (6th) alongside NYU Stern, Chicago GSB, MIT Sloan, Harvard GSB and Wharton.[17]

In the 2006 Business Week MBA rankings, Rotman placed 3rd in the best international business schools category (those outside the U.S.).[18] The top three schools in this category were all Canadian, beating out other prominent business programs such as IMD, London Business School, and INSEAD.

Campus

Rotman is located in the heart of the University of Toronto's downtown St. George Campus. There are several noteworthy features of the building (completed in 1995) that houses the school:

The Fleck Atrium, photo taken from the second floor.
  • The Fleck Atrium is a large area on the main (ground) floor which is often used for special events, receptions, and public lectures. It occupies the central area of the building, with an open-air concept that allows individuals on the 2nd and 3rd floors of the building to observe from above. The vaulted ceiling of the atrium is made from glass, creating a brightness throughout the interior space.
The Business Information Centre (BIC).
  • The Business Information Centre is the school's library, and is a branch of the University of Toronto's library system.
  • The Financial Research and Trading Lab is a state-of-the-art facility allowing students access to a wide range of financial analysis software packages and data sets. A variety of business competitions are held in the lab throughout the year. In particular the Rotman International Trading Competition (RITC) is an annual trading competition featuring universities from around the world.
  • A CAD $4 million expansion of the building, completed in 2005, added about a dozen new faculty/administrative offices and some meeting rooms to each of the 4th and 5th floors of the building. The newly created space also houses the Marcel Desautels Centre for Integrative Thinking.

References

Coordinates: 43°39′55″N 79°23′54″W / 43.66523°N 79.39841°W / 43.66523; -79.39841


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