The year at Smith
By the numbers
3,863 students
105 full-time faculty, plus 58 part-time
131 partner schools in 43 countries on 6 continents
No. 1 Financial Times’ ranking of Smith’s Full-time MBA program for student career services and graduate satisfaction in Canada
No. 1 Financial Times’ ranking of Smith’s Master of International Business program in Canada
Top 100 Financial Times’ global ranking of Smith’s Executive MBA and Executive MBA Americas programs
(EMBAA No. 57; EMBA No. 73)
(EMBAA No. 57; EMBA No. 73)
$10.5M Student aid at Smith in 2021-2022
96% of Commerce 2021 class employed within six months of graduation
98% of Full-time MBA’21 class employed within three months of graduation
Our fiscal year
At Smith, we once again exceeded our enrolment targets in the second year of the global pandemic. Demand for education across our portfolio of programs remained strong while travel, food and other program delivery costs remained low in the remote environment. As we enter the next phase of the pandemic and as demand for labour remains strong, we are seeing early signals that these strong pandemic related enrolment figures may come down and plateau to pre-pandemic levels. The charts below break down sources and uses of income for our 2021-2022 fiscal year (May 1, 2021 to April 30, 2022).
(all amounts in ’000s)
Statement of sources and uses |
Year ended April 30, 2022 (actual) |
Year ended April 30, 2021 (actual) |
||
|---|---|---|---|---|
| Undergraduate, PhD/MSc, Master of Management & Diploma | $97,335 | 68% | $86,008 | 65% |
| MBA programs | $35,309 | 25% | $34,899 | 27% |
| Non-degree executive education programs | $2,807 | 2% | $3,368 | 3% |
| Fundraising gifts and contributions | $9,450 | 7% | $9,837 | 7% |
| Less: endowed contributions | $(7,197) | -5% | $(7,633) | -6% |
| Less: restricted for capital project | $(0) | 0% | $(270) | 0% |
| Endowment income | $5,196 | 4% | $4,855 | 4% |
| Other | $525 | 0% | $469 | 0% |
| Total sources | $143,425 | 100% | $131,532 | 100% |
Uses |
||||
| Salaries & benefits | $58,239 | 41% | $57,088 | 43% |
| Direct program expenses | $24,597 | 17% | $24,645 | 19% |
| Queen's University services | $30,538 | 21% | $28,134 | 21% |
| Student aid | $10,532 | 7% | $10,217 | 8% |
| Other | $2,856 | 2% | $2,595 | 2% |
| Capital expenditures | $6,874 | 5% | $1,898 | 1% |
| Transfer to/(from) reserves | $9,879 | 7% | $6,955 | 5% |
| Total uses | $143,425 | 100% | $131,532 | 100% |