By Jennifer Lewington
Globe and Mail (Canada)
One year after establishing a niche MBA in Global Mining Management, York University’s Schulich School of Business has received its first major gift to expand the program.
Today, Schulich announced a $1-million donation from Inmet Mining Corporation to assist in the growth and development of the specialty program through increased support for teaching capacity, academic research, industry outreach and scholarships. Inmet’s gift amounts to $250,000 annually between 2012 and 2015, according to a press release from the school.
The donation from the Canadian-based, globally-active mining firm is one sign of the growing importance of specialty MBAs to business — in this case the mining industry’s concern about a shortage of top executives — and to Canadian business schools as they seek to expand on the mature MBA market in Canada.