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The How of SMA3 Measures, Targets & Weights

MCU published the Ontario university and college SMA3s on November 26, 2020. These documents described the targets that had been negotiated individually with the MCU and each institution, as well as the weighting of each PBF metric over each year covered by SMA3. Unlike most other PBF programs, each metric must be within a permitted minimum and maximum for each of the five years (With the exception of the skills & competencies metric, which will be uniformly weighted at 5% starting in 2022–23 for participation and posting of results online.)

At the government’s discretion, institutions will have an opportunity to adjust metric weightings once during the SMA3 cycle. The SMA3 technical manual (MTCU, 2019, p. 13) indicated that institutions will be assessed annually based on performance against institutional-specific targets.

Targets will be updated annually.

The three most recent data points will be averaged to set the funding targets and for percentage-based targets, the smallest absolute (positive or negative is considered positive) annual variation between each of the three years will be added to the most recent year’s value.

MCU’s technical manual (MTCU, 2019) described how the ministry will also set bands of tolerance around targets to help mitigate against small year-to-year variances in performance (noting in the anomalies section that the bands will be rounded up to 1% should calculation yield a smaller value). These bands of tolerance will be set using the average annual percent change from the three most recent years of data.

Each institution will receive 100% of the funding for a PBF metric by meeting or exceeding its allowable performance target through the formula: target – (target * band of tolerance). The target minus the band of tolerance is how each allowable performance target is set.

target - (target * band of tolerance)

If the target is not met, partial funding, commensurate with actual performance, will be received (MTCU, 2019, p. 13). The unspent provincial funding associated with underperformance makes fund redistribution possible, which is new to PSE funding in Ontario.

If targets are not met and an institution’s metric funding is reduced, any funding made available through underachievement by institutions will be redistributed to all institutions that have earned 100% on the same metric. As nine metrics are common between colleges and universities it is possible that these potential redistributions of funds will be redistributed from both colleges and universities to colleges and universities equally.

As the no-less-than 1% tolerances will also account for historical variations the likelihood of an institution underperforming a target appears to be low, given consistent circumstances. This conclusion was shared by industry analyst Alex Usher (2020) when his Higher Education Strategy Associates consultancy reviewed the SMAs and technical manual.

The COVID-19 pandemic should prove to be the type of unprecedented circumstances that affect institutional performance, and it should be interesting to see what information the MCU or Ontario colleges and universities make public about under-performance-based fund redistribution calculations for the 2020 and 2021 exempted performance funding metrics.

On December 1, 2020 I published the following dashboard.

All Ontario University SMA3 metrics weights.csv

UniversityMetric2020-212021-222022-232023-242024-25
Algoma University01. Graduate employment rate in a related field20%12% 7% 7% 7%
Algoma University02. Institutional strength and focus20%18%18%18%18%
Algoma University03. Graduation rate15%17%17%17%17%
Algoma University04. Community and local impact of student enrolment15%5%5%5%5%
Algoma University05. Economic impact (institution-specific)20%18%18%18%18%
Algoma University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Algoma University07. Experiential learning0%5%5%5%5%
Algoma University08. Research revenue attracted from private sector sources0%5%5%5%5%
Algoma University09. Graduate employment earnings0.0%15.0%15.0%15.0%15.0%
Algoma University10. Skills and competencies0%0%5%5%5%
Brock University01. Graduate employment rate in a related field10%5%5%5%5%
Brock University02. Institutional strength and focus20%20%20%20%20%
Brock University03. Graduation rate10%5%5%5%5%
Brock University04. Community and local impact of student enrolment35%30%25%25%25%
Brock University05. Economic impact (institution-specific)15%20%20%20%20%
Brock University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Brock University07. Experiential learning0%5%5%5%5%
Brock University08. Research revenue attracted from private sector sources0%5%5%5%5%
Brock University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Brock University10. Skills and competencies0%0%5%5%5%
Carleton University01. Graduate employment rate in a related field16.7%11.1%10.6%10.6%10.6%
Carleton University02. Institutional strength and focus16.7%11.1%10.6%10.6%10.6%
Carleton University03. Graduation rate16.7%11.1%10.6%10.6%10.6%
Carleton University04. Community and local impact of student enrolment16.7%11.1%10.6%10.6%10.6%
Carleton University05. Economic impact (institution-specific)16.7%11.1%10.6%10.6%10.6%
Carleton University06. Research funding and capacity: federal tri-agency funding secured16.7%11.1%10.6%10.6%10.6%
Carleton University07. Experiential learning0.0%11.1%10.6%10.6%10.6%
Carleton University08. Research revenue attracted from private sector sources0.0%11.1%10.6%10.6%10.6%
Carleton University09. Graduate employment earnings0.0%11.1%10.6%10.6%10.6%
Carleton University10. Skills and competencies0.0%0.0%5.0%5.0%5.0%
Lakehead University01. Graduate employment rate in a related field15% 8% 8% 8% 8%
Lakehead University02. Institutional strength and focus20%20%20%20%20%
Lakehead University03. Graduation rate10%5%5%5%5%
Lakehead University04. Community and local impact of student enrolment10%5%5%5%5%
Lakehead University05. Economic impact (institution-specific)35%24%19%19%19%
Lakehead University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Lakehead University07. Experiential learning0%20%20%20%20%
Lakehead University08. Research revenue attracted from private sector sources0%5%5%5%5%
Lakehead University09. Graduate employment earnings0.0%8.0%8.0%5.0%8.0%
Lakehead University10. Skills and competencies0%0%5%5%5%
Laurentian University01. Graduate employment rate in a related field10%15%15%15%15%
Laurentian University02. Institutional strength and focus24%15%15%15%15%
Laurentian University03. Graduation rate23%15%15%15%15%
Laurentian University04. Community and local impact of student enrolment23%15%15%15%15%
Laurentian University05. Economic impact (institution-specific)10%15%10%10%10%
Laurentian University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Laurentian University07. Experiential learning0%10%10%10%10%
Laurentian University08. Research revenue attracted from private sector sources0%5%5%5%5%
Laurentian University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Laurentian University10. Skills and competencies0%0%5%5%5%
McMaster University01. Graduate employment rate in a related field15%15%15%15%15%
McMaster University02. Institutional strength and focus10%5%5%5%5%
McMaster University03. Graduation rate20%5%5%5%5%
McMaster University04. Community and local impact of student enrolment15%25%25%25%25%
McMaster University05. Economic impact (institution-specific)25%10%10%10%10%
McMaster University06. Research funding and capacity: federal tri-agency funding secured15%15%15%15%15%
McMaster University07. Experiential learning0%10%10%10%10%
McMaster University08. Research revenue attracted from private sector sources0%10%5%5%5%
McMaster University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
McMaster University10. Skills and competencies0%0%5%5%5%
Nipissing University01. Graduate employment rate in a related field10%5%5%5%5%
Nipissing University02. Institutional strength and focus35%30%10%10%10%
Nipissing University03. Graduation rate10%5%5%5%5%
Nipissing University04. Community and local impact of student enrolment25%25%20%20%20%
Nipissing University05. Economic impact (institution-specific)10%10%20%20%20%
Nipissing University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Nipissing University07. Experiential learning0%10%20%20%20%
Nipissing University08. Research revenue attracted from private sector sources0%5%5%5%5%
Nipissing University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Nipissing University10. Skills and competencies0%0%5%5%5%
OCADu01. Graduate employment rate in a related field10%10%5%5%5%
OCADu02. Institutional strength and focus30%25%25%25%25%
OCADu03. Graduation rate10%5%5%5%5%
OCADu04. Community and local impact of student enrolment30%25%25%25%25%
OCADu05. Economic impact (institution-specific)10%10%10%10%9%
OCADu06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
OCADu07. Experiential learning0%10%10%10%10%
OCADu08. Research revenue attracted from private sector sources0%5%5%5%6%
OCADu09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
OCADu10. Skills and competencies0%0%5%5%5%
Queen's University01. Graduate employment rate in a related field15%15%10%10%10%
Queen's University02. Institutional strength and focus15%10%10%10%10%
Queen's University03. Graduation rate20%20%25%25%25%
Queen's University04. Community and local impact of student enrolment30%30%25%25%25%
Queen's University05. Economic impact (institution-specific)10%5%5%5%5%
Queen's University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Queen's University07. Experiential learning0%5%5%5%5%
Queen's University08. Research revenue attracted from private sector sources0%5%5%5%5%
Queen's University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Queen's University10. Skills and competencies0%0%5%5%5%
Ryerson University01. Graduate employment rate in a related field10%5%5%5%5%
Ryerson University02. Institutional strength and focus30%30%25%25%25%
Ryerson University03. Graduation rate20%10%10%10%10%
Ryerson University04. Community and local impact of student enrolment20%20%25%25%25%
Ryerson University05. Economic impact (institution-specific)10%10%5%5%5%
Ryerson University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Ryerson University07. Experiential learning0%10%10%10%10%
Ryerson University08. Research revenue attracted from private sector sources0%5%5%5%5%
Ryerson University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Ryerson University10. Skills and competencies0%0%5%5%5%
Trent University01. Graduate employment rate in a related field10%5%5%5%5%
Trent University02. Institutional strength and focus15%15%15%15%15%
Trent University03. Graduation rate10%5%5%5%5%
Trent University04. Community and local impact of student enrolment35%30%25%25%25%
Trent University05. Economic impact (institution-specific)20%25%20%20%20%
Trent University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
Trent University07. Experiential learning0%5%10%10%10%
Trent University08. Research revenue attracted from private sector sources0%5%5%5%5%
Trent University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Trent University10. Skills and competencies0%0%5%5%5%
Université de Hearst01. Graduate employment rate in a related field10%5%5%5%5%
Université de Hearst02. Institutional strength and focus20%5%5%5%5%
Université de Hearst03. Graduation rate10%5%5%5%5%
Université de Hearst04. Community and local impact of student enrolment25%5%5%5%5%
Université de Hearst05. Economic impact (institution-specific)35%25%25%25%25%
Université de Hearst06. Research funding and capacity: federal tri-agency funding secured0%0%0%0%0%
Université de Hearst07. Experiential learning0%30%25%25%25%
Université de Hearst07b. Voluntary enrolment in Volet professionnel0%25%25%25%25%
Université de Hearst08. Research revenue attracted from private sector sources0%0%0%0%0%
Université de Hearst09. Graduate employment earnings0.0%0.0%0.0%0.0%0.0%
Université de Hearst10. Skills and competencies0%0%5%5%5%
University of Guelph01. Graduate employment rate in a related field10%5%5%5%5%
University of Guelph02. Institutional strength and focus30%25%20%20%20%
University of Guelph03. Graduation rate10%10%10%10%10%
University of Guelph04. Community and local impact of student enrolment30%25%25%25%25%
University of Guelph05. Economic impact (institution-specific)10%10%10%10%10%
University of Guelph06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
University of Guelph07. Experiential learning0%10%10%10%10%
University of Guelph08. Research revenue attracted from private sector sources0%5%5%5%5%
University of Guelph09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
University of Guelph10. Skills and competencies0%0%5%5%5%
University of Ottawa01. Graduate employment rate in a related field10%5%5%5%5%
University of Ottawa02. Institutional strength and focus20%20%20%20%20%
University of Ottawa03. Graduation rate15%5%5%5%5%
University of Ottawa04. Community and local impact of student enrolment15%10%10%10%10%
University of Ottawa05. Economic impact (institution-specific)25%25%25%25%25%
University of Ottawa06. Research funding and capacity: federal tri-agency funding secured15%5%5%5%5%
University of Ottawa07. Experiential learning0%20%15%15%15%
University of Ottawa08. Research revenue attracted from private sector sources0%5%5%5%5%
University of Ottawa09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
University of Ottawa10. Skills and competencies0%0%5%5%5%
University of Toronto01. Graduate employment rate in a related field10%5%5%5%5%
University of Toronto02. Institutional strength and focus15%15%15%15%15%
University of Toronto03. Graduation rate15%10%10%10%10%
University of Toronto04. Community and local impact of student enrolment15%10%10%10%10%
University of Toronto05. Economic impact (institution-specific)20%15%15%15%15%
University of Toronto06. Research funding and capacity: federal tri-agency funding secured25%20%15%15%15%
University of Toronto07. Experiential learning0%5%5%5%5%
University of Toronto08. Research revenue attracted from private sector sources0%15%15%15%15%
University of Toronto09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
University of Toronto10. Skills and competencies0%0%5%5%5%
University of Waterloo01. Graduate employment rate in a related field30%25%25%25%25%
University of Waterloo02. Institutional strength and focus10%5%5%5%5%
University of Waterloo03. Graduation rate15%10%10%10%10%
University of Waterloo04. Community and local impact of student enrolment15%10%10%10%10%
University of Waterloo05. Economic impact (institution-specific)15%5%5%5%5%
University of Waterloo06. Research funding and capacity: federal tri-agency funding secured15%10%10%10%10%
University of Waterloo07. Experiential learning0%15%15%15%15%
University of Waterloo08. Research revenue attracted from private sector sources0%5%5%5%5%
University of Waterloo09. Graduate employment earnings0.0%15.0%10.0%10.0%10.0%
University of Waterloo10. Skills and competencies0%0%5%5%5%
University of Windsor01. Graduate employment rate in a related field10%5%5%5%5%
University of Windsor02. Institutional strength and focus25%20%20%20%20%
University of Windsor03. Graduation rate10%5%5%5%5%
University of Windsor04. Community and local impact of student enrolment35%30%25%25%25%
University of Windsor05. Economic impact (institution-specific)10%20%20%20%20%
University of Windsor06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
University of Windsor07. Experiential learning0%5%5%5%5%
University of Windsor08. Research revenue attracted from private sector sources0%5%5%5%5%
University of Windsor09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
University of Windsor10. Skills and competencies0%0%5%5%5%
OTU (UOIT)01. Graduate employment rate in a related field10%5%5%5%5%
OTU (UOIT)02. Institutional strength and focus30%15%15%15%15%
OTU (UOIT)03. Graduation rate10%5%5%5%5%
OTU (UOIT)04. Community and local impact of student enrolment30%15%15%15%15%
OTU (UOIT)05. Economic impact (institution-specific)10%15%15%15%15%
OTU (UOIT)06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
OTU (UOIT)07. Experiential learning0%30%25%25%25%
OTU (UOIT)08. Research revenue attracted from private sector sources0%5%5%5%5%
OTU (UOIT)09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
OTU (UOIT)10. Skills and competencies0%0%5%5%5%
Western University01. Graduate employment rate in a related field10%5%5%5%5%
Western University02. Institutional strength and focus15%10%10%10%10%
Western University03. Graduation rate30%25%25%25%25%
Western University04. Community and local impact of student enrolment10%5%5%5%5%
Western University05. Economic impact (institution-specific)10%5%5%5%5%
Western University06. Research funding and capacity: federal tri-agency funding secured25%25%20%20%20%
Western University07. Experiential learning0%15%15%15%15%
Western University08. Research revenue attracted from private sector sources0%5%5%5%5%
Western University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
Western University10. Skills and competencies0%0%5%5%5%
Wilfrid Laurier University01. Graduate employment rate in a related field10%5%5%5%5%
Wilfrid Laurier University02. Institutional strength and focus20%15%15%15%15%
Wilfrid Laurier University03. Graduation rate10%5%5%5%5%
Wilfrid Laurier University04. Community and local impact of student enrolment30%20%15%15%15%
Wilfrid Laurier University05. Economic impact (institution-specific)15%15%15%15%15%
Wilfrid Laurier University06. Research funding and capacity: federal tri-agency funding secured15%10%10%10%10%
Wilfrid Laurier University07. Experiential learning0%15%15%15%15%
Wilfrid Laurier University08. Research revenue attracted from private sector sources0%5%5%5%5%
Wilfrid Laurier University09. Graduate employment earnings0.0%10.0%10.0%10.0%10.0%
Wilfrid Laurier University10. Skills and competencies0%0%5%5%5%
York University01. Graduate employment rate in a related field10%5%5%5%5%
York University02. Institutional strength and focus20%15%12%12%12%
York University03. Graduation rate10%5%5%5%5%
York University04. Community and local impact of student enrolment20%15%15%15%15%
York University05. Economic impact (institution-specific)30%17%16%16%16%
York University06. Research funding and capacity: federal tri-agency funding secured10%5%5%5%5%
York University07. Experiential learning0%18%17%17%17%
York University08. Research revenue attracted from private sector sources0%15%15%15%15%
York University09. Graduate employment earnings0.0%5.0%5.0%5.0%5.0%
York University10. Skills and competencies0%0%5%5%5%
All Ontario University SMA3 metrics weights. Collected Friday November 2020, with Carleton's updated in 2024.


Ontario Ministry of Training, Colleges and Universities. “Ontario’s Postsecondary Education System Performance/Outcomes Based Funding – Technical Manual.” Ontario Ministry of Training, Colleges and Universities, September 2019. http://www.uwindsor.ca/strategic-mandate-agreement/sites/uwindsor.ca.strategic-mandate-agreement/files/performance_outcomes-based_funding_technical_manual_-_v1.0_-_final_september_419_en.pdf.

Usher, Alex. “Ontario’s PBF System: Much Ado about Nothing.” HESA (blog), December 2, 2020. https://higheredstrategy.com/ontarios-pbf-system-much-ado-about-nothing/.

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