Saint Mary’s Sobey School of Business Unveils Economic Impact to Region
Date Published: October 25, 2016
Business leaders, entrepreneurs, government leaders and academics gathered in Halifax today to celebrate Saint Mary’s University Sobey School of Business and its significant impact on the local economy, as it unveiled the results from the Business School Impact System (BSIS) report. The Sobey School of Business is the first school in North America to take part in BSIS, a process that was developed by the Brussels-based European Foundation for Management Development (EFMD). The BSIS is designed to assess regional economic, intellectual, cultural and social impact using both quantitative and qualitative indicators.
The purpose of the study was to display its economic impact to the maritime region through its scholarship and its graduates living, working and starting businesses in the Atlantic Provinces. Some of the standout annual impacts include:
- 329 million dollars contributed annually to the Nova Scotia economy.
- 250 international students take their first job in this region.
- 45% of our 800 graduates stay in the region to work.
- Regular relevant research related directly to Atlantic Canada on topics such as innovation, leadership, ethics, sustainable fisheries, boosting our wine industry, immigrants in the labour force, women in government and more.
- Students in Enactus launched 34 businesses, created 156 jobs and saved taxpayers one million dollars
“We know that through collective impact we can accelerate change and create a better world for those who come after us,” says Dr. Patricia Bradshaw, Dean of the Sobey School of Business. “We are proud to release our benchmark impact with purpose report. We commit to continuing to measure and grow our contributions to regional prosperity. These results demonstrate that we make a significant contribution to the economy of Nova Scotia and to the social and intellectual fabric of the region. We hope to inspire others to join us in creating shared value and to tracking impact.”
About Sobey School of Business
The Sobey School of Business at Saint Mary’s University is proud of its pivotal role as Atlantic Canada’s largest business school: we make an impact with purpose. Through active learning and the creation and mobilization of scholarship, we prepare citizens of the world to lead sustainable, entrepreneurial businesses and communities. We demonstrate the effective integration of internationalization with our gender balanced and ethnically diverse faculty and student body—50% of our students come from outside Canada. Our programs offer students a range of specialties, from our Bachelor of Commerce program’s 10 majors to our MBA and specialized Masters programs in accounting, technology entrepreneurship and innovation, management of co-operative businesses, applied economics and finance. We also offer a high calibre PhD (Management) program.
About the Business School Impact System
The Business School Impact System (BSIS) scheme is designed to determine the extent of a school’s impact upon its local environment – the city or region in which it is located. The scheme was initially designed by FNEGE (the French National Foundation for Management Education) and is already well established in the French higher education arena.
The BSIS process has been adapted for an international audience and is now offered in a joint venture between EFMD and FNEGE as a service to EFMD members in any part of the world. The assessment criteria and the process for measuring a school’s impact has recently been tested with three pilot institutions from three different countries