Three Australian business schools – Macquarie Graduate School of Management, Australian Graduate School of Management and Melbourne Business School – have all recorded solid improvement in the latest Financial Times (FT) Ranking of the world’s top 100 MBAs.
Macquarie again topped the Australian representation, rising seven places to 49 while AGSM at the University of NSW jumped 12 places to 54 and Melbourne Business School was up from 87 to 76.
The FT list is one of the most highly regarded of all rankings and is based on surveys of the business schools and their graduates of 2013. MBAs are assessed according to the career progression of alumni, the school’s idea generation and the diversity of students and faculty.
Macquarie graduates from 2013 responding to the survey reported a weighted average salary of $US131,488 (~$A174,000), AGSM graduates reported a salary of $US121,794 (~$A161,000) and Melbourne Business School MBAs reported a salary of $US100,319 (~$A133,000).
The ranking also identified the average salary increase for students before their MBA compared with three years after they have completed their MBA. For Australian schools the results were:
- Macquarie Graduate School of Management – 75% increase
- Australian Graduate School of Management (AGSM) – 61% increase
- Melbourne Business School – 81% increase
|Rank in 2017||Rank in 2016||School name||Country||Weighted salary (US$)|
|1||1||Insead||France / Singapore||167,657|
|2||5||Stanford Graduate School of Business||US||195,322|
|3||4||University of Pennsylvania: Wharton||US||181,634|
|4||2||Harvard Business School||US||178,113|
|5||10||University of Cambridge: Judge||UK||164,462|
|49||56||Macquarie Graduate School of Management||Australia||131,488 ($A174,000)|
|54||66||AGSM at UNSW Business School||Australia||121,794 ($A161,000)|
|76||87||Melbourne Business School||Australia||100,319 ($A133,000)|
France’s Insead once again top the list. It is the second year that the school has taken the number one spot, after claiming it for the first time last year.