SCHOOL OF BUSINESS YEAR IN REVIEW DEAN’S MESSAGE QSB’s Year in Review is more than just a chance to look back on the highlights of the previous 12 months. Each year since 2007, we have also shared details of financial support for the school, as well as donor vignettes that highlight the power of alumni giving. The 2013-2014 Year in Review includes another strong list of accomplishments to reflect on. You will also see that we have entered the final phase of our fundraising campaign. Thanks to the generosity of QSB’s alumni and friends, the “Invest in QSB” campaign has now reached $51 million of its goal of $65 million. Funds raised are being directed toward four strategic priorities: increasing student diversity in the Commerce program; establishing more scholarships for the full-time MBA program; attracting and retaining the best faculty; and further developing innovative teaching methods. I’m particularly excited about this last initiative, which will enable us to revolutionize a traditional teaching tool: the case study. The Living Case initiative was developed in response to a growing student demand for technology-based learning and classroom discussions that focus on current, real-time events, driven by easy and immediate access to information. Living cases build on the latest market developments, drawing on SEC filings, analyst and news reports, social media and company information, to foster an enhanced understanding of strategic and operational decision-making and integration of activities across entire business systems. The Living Case initiative is just one of the ways we are transforming the traditional classroom into a dynamic learning environment to provide our students with unparalleled opportunities. Your support of the school during this critical final phase of the campaign is vital in helping QSB meet its campaign goals and strengthen its leadership position in the innovative delivery of business education. David M. Saunders, PhD Dean, Queen’s School of Business [email protected] The Living Case initiative is just one of the ways we are transforming the traditional classroom into a dynamic learning environment to provide our students with unparalleled opportunities. CONTENTS PROGRAMS 2 Commerce 5 MBA Programs 9 Graduate Programs 14 FACULTY AND RESEARCH CENTRES OF INNOVATION 21 Queen's Executive Education 22 The Monieson Centre for Business Research in Healthcare 22 Queen’s Centre for Business Venturing 23 QSB Centre for Responsible Leadership 23 Queen’s Business Consulting 24 CPA-Queen’s Centre for Governance 24 Queen’s Executive Decision Centre 25 ALUMNI CONNECTIONS 26 INTERNATIONAL EXCHANGE PARTNERS 28 FINANCIAL REPORT Our Mission CONTRIBUTORS REPORT To develop outstanding leaders with a global 30 Invest in QSB Campaign perspective, and create new knowledge that 32 Lifetime Giving advances business and society. 36 Commerce Giving 47 MBA, Master of International Business and Our Vision Master of Finance, PhD & MSc Giving To be one of the world’s most innovative and 50 Class Gifts influential business schools. 52 Friends Giving 54 Corporate Giving 58 Thank you Alumni Volunteers 71 Advisory Boards THE QSB YEAR IN REVIEW IS AVAILABLE ONLINE AT WWW.QSB.CA The Year in Review is a special issue of QSB Magazine which is published three times a year by Queen’s School of Business, Queen’s University, Kingston, Ontario, Canada K7L 3N6 © Copyright 2014, Queen’s University 1 COMMERCE 2 Commerce at a Glance Canada’s first undergraduate business degree program established in 1919. Attracts top students from all ten provinces and more than 20 countries. Four-year honours program balances a solid core of business courses with a breadth of arts and sciences electives, international study experiences and leadership development opportunities. qsb.ca/bcom 2013/2014 Milestones Received 5,498 applications to the Commerce a non-profit consulting service that works with program for September 2013 entrance. local businesses, and Oil Thigh Designs, a campus The Commerce Society raised more than $15,800 clothing outlet. for such charities as the Canadian Cancer Society, 81% of the third year Commerce class participated and bought gifts for 183 local children through its in an international exchange and 97% of the second Holiday Hope campaign. Students also contributed year class has applied to go on exchange in 2014- their time, volunteering at many Kingston charities 2015. throughout the school year. Queen's Case Competition Union was launched Students raised more than $350,000 through to mentor and prepare students to compete in sponsorships and corporate partnerships to run national and international case competitions. This their 10 conferences and four competitions. preparation resulted in strong showings: of the Two businesses operated by the Commerce Society seven competitions entered, Commerce teams brought in more than $143,500 in revenues: Creo, placed second in three and within the top four in six. 2013/2014 By the Numbers 14 Commerce students across all student-run conferences 1,724 four years of the program and case competitions (see complete list at comsoc.queensu.ca) 49 51 347 male:female ratio Commerce students studied abroad on international exchange (see map of exchange partner locations on page 24) 3 JOB ACQUISITION STATISTICS — JOBCOMMERCE ACQUISIT CLASSION STATISTICSOF 2013 — 6% 5% COMMERCEJob Acquisition CLASSStatistics OF — Commerce2013 Class of 2013 6% JOB ACQUISITION STATISTICS — 27% 6%5% 27% COMMERCE CLASS OF 2013 6% 6% Percentage of students 5% JOB ACQUISITION STATISTICSPercentage —who acquired of students jobs within 11% 27%Employment 97% who6 months acquired of jobsgraduation within 6% COMMERCE CLASS OF 2013 6% 11% Employmentby Industry 97% 6 months of graduation Percentage of students 5% by Industry 27% who acquired jobs within 6% Average Base Salary 11% AverageEmployment 97% 6 monthsPercentage of graduation of students Accounting Base Salary$44,406 20% 25% Base Salary Signing Bonus AccountingFinance $44,406by$62,859 Industry20% who acquired jobs within 25% Base Salary Signing Bonus ConsumerFinance Products $62,859$52,443 Average $53,200 $6,032 11% Employment 97% Consumer ProductsConsulting $52,443$66,143 6 monthsAverage of graduation$53,200 $6,032 Median $50,000 $5,000 Average ConsultingTechnology $66,143by$50,500 Industry JOBMedian ACQUISIT$50,000 IO$5,000N STATISTICSBase Salary —Marketing Technology & Advertising $50,500$42,688 Top $90,000 $12,000 Marketing & AdvertisingOther $42,688$48,073 COMMERCETop $90,000 CLASS$12,000Accounting OF 2013$44,406 20% 6% * $68,614 - Total average salary, Average Other $48,073 25% Base Salary Signing Bonus * including$68,614 - Total bonus average and other salary, compensation Finance $62,859Base Salary 5% including bonus and otherConsumer compensation ProductsAccounting $52,443$44,406 20% 27% Average $53,200 $6,032 6% 25% Base Salary Signing Bonus ConsultingFinance $66,143$62,859 Median $50,000 $5,000 PercentageTechnologyConsumer Products of students $50,500$52,443 Average $53,200 $6,032 By Location By LocationMarketingwho & Advertising acquiredConsulting jobs$42,688 within$66,143 Top $90,000Median $50,000$12,000 $5,000 Technology $50,500 Canada USA Other $48,073 11% Employment 97% Marketing & Advertising $42,688 Canada USA 6 months of graduation * $68,614 - Total Topaverage salary,$90,000 $12,000 Bolton, ON New York, NY by Industry Bolton, ON New York, NY Other $48,073 including bonus and other compensation Brampton, ON San Francisco, CA * $68,614 - Total average salary, Brampton, ON San Francisco, CA Calgary, AB including bonus and other compensation Calgary, AB Average Halifax, NS International Halifax, NS International Base Salary Kingston, ON Beijing, China Kingston, ON Beijing, China Accounting $44,406 20% Markham, ON Hong Kong, China 25% By Location Markham,Base ONSalary HongSigning Kong, Bonus China Finance $62,859 Mississauga, ON Lahore, Pakistan By Location Mississauga, ON Lahore, Pakistan Consumer Products $52,443 Average Ottawa,$53,200 ON $6,032 Ottawa, ON Consulting $66,143 Canada USA Toronto, ON Canada USA MedianToronto,$50,000 ON $5,000 Technology $50,500 Bolton, ON New York, NY Vancouver, BC Bolton, ON New York, NY Vancouver, BC Marketing & Advertising $42,688 Top $90,000 $12,000 Brampton, ON Brampton,San ONFrancisco,San CA Francisco, CA Other $48,073 Calgary, AB Calgary, AB * $68,614 - Total average salary, including bonus and other compensation Halifax, NS Halifax,International NS International Kingston, ON Kingston,Beijing, ON ChinaBeijing, China Markham, ON Markham,Hong ON Kong, ChinaHong Kong, China Mississauga, ON Lahore, Pakistan Mississauga, ON Lahore, Pakistan By Location Ottawa, ON Ottawa, ON Toronto, ON Canada USA Toronto, ON Vancouver, BC Bolton, ON New York, NY Vancouver, BC Brampton, ON San Francisco, CA Calgary, AB Halifax, NS International Kingston, ON Beijing, China Markham, ON Hong Kong, China Mississauga, ON Lahore, Pakistan Ottawa, ON Toronto, ON Vancouver, BC 4 MBA PROGRAMS 5 MBA Programs Queen’s School of Business offers four distinct MBA programs, each designed to meet the unique requirements of a different segment of the population interested in furthering their careers by obtaining this highly prized degree. DURATION LOCATION PROGRAM DETAILS FULL-TIME MBA 12 months Kingston Designed for those with an undergraduate degree and at least two years of work experience. Delivered in an intensive 12-month, team-based learning format. EXECUTIVE MBA 16 months, Anywhere Designed for those with an undergraduate degree* while continuing in Canada and relevant work experience. Delivered through to work a combination of on-campus and interactive videoconference boardroom and virtual team sessions on Fridays and Saturday mornings of alternate weeks. *Participants without an undergraduate degree but with extensive work experience may be considered. ACCELERATED 12 months, Cities across Designed for those with an undergraduate degree in MBA while continuing Canada business and a minimum two years of work experience. to work Delivered through a combination of on-campus and interactive videoconference boardroom sessions on Sundays and Monday mornings of alternate weeks.