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)
$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%

Footnotes

Due to rounding, percentages may not always appear to add up to 100%.

  1. Does not include gifts and contributions for the original Goodes Hall construction.
  2. Endowed contributions are those for which the principal must remain intact. The endowment generates investment income presented on this page as 'Endowment income'.
  3. Restricted for capital project are gifts and contributions received for the Goodes Hall Expansion project.