Each year, responsible business magazine Corporate Knights ranks business schools on how well they integrate social, ethical and environmental management issues into their MBA programs.
In the 2016 ranking, released on Thursday, Toronto’s Schulich School of Business came up trumps. MIT’s Sloan School of Management, and the Donahue School of Business came second and third, respectively.
And the results could not come at a more relevant time.
These days, many young business leaders aspire to make a positive impact on society. A survey last year of 1,500 MBAs by Bain & Company, the consultancy firm, found 66% of women and 59% of men prioritized “impact” over wealth and prestige.
Ben Mangan, executive director of the Center for Social Sector Leadership at California’s Haas School of Business, says there’s a broad desire among millennials to achieve social impact in whatever they spend their time on.
“They want more meaning in their careers,” he says.
Conversely, business schools have made moves to consider people and planet alongside profit. Last year for instance, Chicago’s Booth School of Business launched a scholarship for non-profit leaders funded with $4 million from the Neubauer Family Foundation.
If you’re seeking a career with impact, however, it’s important to consider how committed business schools really are to responsible business.
For do-gooders, here’s the world’s top-25 business schools for social, ethical and environmental impact: