The MPFE course helps Canadians make the most of their money
The McGill Personal Finance Essentials (MPFE) course helps prepare young Canadians for life, Benjamin Croitoru tells Jessica Moorhouse on the More Money Podcast. Personal finance should be taught in high school, or maybe even junior high, he posits. Finance can seem intimidating to the uninitiated, but personal finance isn鈥檛 as complicated as the world of high finance.
Advanced life deferred annuities can give retirees peace of mind
For people with defined contribution pension plans, longevity risk is a significant concern. You don鈥檛 want to outlive your money. The issue is compounded because today鈥檚 retirees have longer life expectancies than ever before, writes Sebastien Betermier in Benefits Canada.
Temu鈥檚 low prices are drawing in consumers despite product quality issues
The online marketplace Temu, launched in 2022, has become one of the most downloaded apps in North America. The platform is known for ultra-low prices, though the quality and safety of the products it sells are sometimes suspect.
MBA studies sharpen management skills, but can鈥檛 create managers on their own
Some scholars have argued that MBAs serve business school bottom lines more than they benefit students, writes Ann Peng in the Kansas City Business Journal. Other studies have quantified significant financial benefits for those who hold these degrees. But the MBA doesn鈥檛 make the manager, and Peng suggests that recruiting MBA students based on their leadership experience instead of their years of general work experience can facilitate their leadership development.
Air Canada and WestJet both increase checked bag fees
In February, WestJet announced it was increasing fees for checked bags. Shortly after, Air Canada followed suit. Both airlines now charge between $35 and $42 for the first checked bag on economy fares. Though now common throughout the industry, it was only in 2014 that Canada鈥檚 major airlines introduced checked bag fees. 鈥淚t鈥檚 a business,鈥� says Prof. Karl Moore. 鈥淵ou鈥檙e leaving money on the table if you don鈥檛 do it.
Airfares are going down, but additional fees can offset any savings
Airfares are getting cheaper in Canada, but that doesn鈥檛 necessarily mean you鈥檒l pay less when you fly. In late 2023, WestJet introduced a $10 surcharge for checking bags with agents instead of online. Then, in February 2024, it increased checked bag fees for economy passengers on domestic flights. Low fares help attract customers, but the added fees can drive up the final bill substantially.
Failure of Lynx Air illustrates challenges of Canadian market
In February 2024, the low-cost carrier Lynx Air announced it was filing for creditor protection and would cease operations, with just a few days鈥� notice to its ticket holders. The airline had significant overlap with Air Canada鈥檚 routes and never managed to gain a foothold in the market. 鈥淚t鈥檚 a difficult environment for airlines to make money in Canada,鈥� says Prof.
McGill Desautels: First Faculty to attain Silver in Sustainable Workplace Program
香蕉视频's Desautels Faculty of Management has become the first Faculty to achieve Silver status in the Sustainable Workplace Certification program. Led by McGill's Office of Sustainability, the program encourages eco-friendly practices and a sustainability culture for departments and units across campus.聽
Professor Liette Lapointe awarded honorary doctorate from Aix-Marseille University
McGill Desautels Professor Liette Lapointe has been awarded the title of Doctor Honoris Causa from Aix-Marseille University, recognized for her contributions to information systems management and behavioural studies.
Introducing McGill Management Insights Podcast
Have you ever wondered what it would be like to work behind the scenes of your favourite sports team, or how you can leverage data and artificial intelligence in your current role? Curious about the origin story of the company whose juice kickstarts your day?
Benevolent sexism among venture capitalists advantages male entrepreneurs
Just 17% of Canada鈥檚 small- and medium-sized enterprises are owned by women, and benevolent sexism among venture capitalists is one of the reasons for this yawning gap between female and male entrepreneurs. Benevolent sexism is a form of bias that appears positive on the surface, but ultimately reinforces gender roles and entrenches inequality, writes Desautels PhD candidate Nhu Nguyen in The Conversation.
Professor Alain Pinsonneault named to SAQ Board of Directors
In January 2024, Prof. Alain Pinsonneault was appointed to a four-year term on the Board of Directors of the Societ茅 des alcools du Qu茅bec (SAQ). The Distinguished James McGill Professor brings expertise in information technology management and business digitization to the SAQ, which sells beer, wine and spirits at more 400 locations throughout Quebec.
Desautels MBA grad named one of 100 people who transformed Africa in 2023
After completing his studies at McGill, Jeremy Awori (MBA鈥�90) worked briefly in the financial services sector in Canada before becoming head of retail banking for the Standard Chartered Bank of Kenya at just 28 years old. Today, he is director general of Ecobank Transnational Incorporated, a pan-African banking conglomerate with operations in 33 countries. This year, Financial Afrik named Awori one of 100 people who are transforming Africa.
Dean Yolande Chan Leads Global Higher Ed Transformation at 2024 EFMD Conference in Amsterdam
Dean Yolande Chan chaired the 2024 EFMD Conference for Deans and Directors General, that brought together nearly 500 leaders in higher education from across the globe to Amsterdam, Netherlands from February 6-7, 2024.
BCom students selected for CEOx1Day program
The CEOx1Day program offers some of Canada鈥檚 top students the opportunity to learn directly from executives at some of the country鈥檚 most prominent companies. Hosted by the Odgers Berndtson Canada consultancy, candidates undergo a rigorous selection process and shadow the CEOs of organizations like Bombardier, Canadian Blood Services and the Royal Canadian Mint. This year, two McGill Desautels Bachelor of Commerce students made the cut.
