2023 QS World University Rankings Released For Global MBA and Business Masters

Melbourne Business School / University of Melbourne

QS Quacquarelli Symonds, global business school analysts and compilers of the QS World University Rankings portfolio, released their annual suite of rankings identifying the world’s premier study destinations for aspiring future business leaders.

The evaluation comprised the QS World University Rankings: Global Full-Time MBA* featuring 300 MBA programs– and a series of specialised high-demand Business Master’s rankings, including Master’s in Management, Finance, Marketing,Business Analytics, and Supply Chain Management.

The rankings, foregrounding employability as a key focus, are designed by QS to provide insight to those wishing to undertake a course of study in a career-enhancing qualification in high demand among employers.

Stanford Graduate School of Business has been named the world’s number-one MBA program for the third consecutive year in the Global Full-Time MBA table. The upper echelons of the table remain dominated by American programs, with Harvard Business School confirmed in second place while The Wharton School drops to third place.

Global Full-Time MBA: Australia highlights

  • This edition of the rankings features 14 Australian MBA programmes, one more than last year.
  • All  bar three Australian MBA programmes improved or are unchanged.
  • Five Australian MBA programmes are among the world’s top 100.
  • The full-time MBA of Melbourne Business School (27th) remains the national leader and the third-best regional programme, after INSEAD (9th  globally, 1st in Asia-Pacific), and the National University of Singapore (26th globally and 2nd in Asia-Pacific).
  • The UNSW (AGSM) MBA ranks second nationally and breaks into the top 30 globally.
  • The MGSM Macquarie MBA is the third-best nationally and rises four places to rank 80th globally.
  • Six Australian MBA programmes (UTS Business School, RMIT, UniSA Business School, UNSW (AGSM), La Trobe Business School, and Macquarie Business School) are among the world’s top 25 for “Class & Faculty Diversity”.  This indicator, one of the five that QS uses to compile the rankings, includes gender and nationality diversity.
QS Global Full-Time MBA Rankings 2023: Australian Programs
Business School 2023 rank 2022 rank
Melbourne Business School 27 26
UNSW (AGSM) 30= 35
MGSM Macquarie 80= 84=
Monash Business School 84 73
UQ Business School 87= 94=
University of Western Australia Business School 111-120 111-120
Australian National University 121-130 131-140
RMIT University School of Business and Law 151-200 151-200
 University of South Australia 151-200 151-200
University of Technology Sydney Business School 151-200 151-200
Wollongong (Sydney) 151-200 151-200
La Trobe Business School 201-250
Curtin Business School 201-250 201-250
Victoria University 251+ 201-250
© QS Quacquarelli Symonds 2004-2022 TopMBA.com


Other highlights from the Global Full-Time MBA Ranking include:

  • QS ranked 300 MBA programs in 47 countries, territories, and special administrative regions.
  • Europe’s best MBA program is offered by HEC Paris (4th ).
  • UK’s #1 MBA provider remains London Business School (6th ).
  • Spain’s IE Business School (7th ) and IESE (10th) make the top 10.
  • Singapore boasts three MBA programs among the world’s top 30: INSEAD (9th ), National University of Singapore (26th ), and ESSEC Business School (28th ).
  • Tsinghua University (29th ) offers China’s highest-ranked MBA, while IIM Ahmedabad (44th ) is India’s top MBA provider.
QS Global Full-Time MBA  Top-20
2023 2022
Stanford GSB USA 1 1
Harvard Business School USA 2 2=
Penn (Wharton) USA 3 2=
HEC Paris France 4 4
London Business School UK 5 5
MIT (Sloan) USA 6 6
IE Business School Spain 7 7=
Columbia Business School USA 8 7=
INSEAD France/Singapore/UAE 9 9
IESE Business School Spain 10 10
UC Berkeley (Haas) USA 11 11
Cambridge (Judge) UK 12 12
Chicago (Booth) USA 13 13=
Northwestern (Kellogg) USA 14 13=
UCLA (Anderson) USA 15 15
Oxford (Said) UK 16 16
Esade Business School Spain 17 17
Yale School of Management USA 18 18
NYU (Stern) USA 19 19
Michigan (Ross) USA 20 20
© QS Quacquarelli Symonds 2004-2022 TopMBA.com


Business Master’s Rankings: Australia highlights

  • Melbourne Business School is the national leader also in the Specialised Business Master’s Rankings, placing 14th globally in the Business Analytics table: the highest rank achieved by an Australian business school in this year’s tables
  • Macquarie University MGSM shines in the Master’s in Marketing table, achieving the 25th position globally.  It also leads nationally in the Master’s of Finance table (36th)
  • The  University of Sydney Business School obtains its top rank (25th) in the Master’s of Management table.
  • The University of Technology Sydney Business School places 33rd globally in the  Master’s in Supply Chain Management table.
QS Business Master’s Rankings 2023: Australian Master’s Programmes
Business School Management   Finance Marketing Business Analytics Supply Chain Management
Melbourne Business School 14
Macquarie University MGSM 60 36 25 61-70
University of Sydney Business School 25
University of Technology Sydney Business School 80 64= 51-60 33
Sydney Business School,
University of Wollongong
67= 66 81-90 71-80 41=
UQ Business School 38
La Trobe Business School 121-130 121-130 61-70 101+
Griffith University 151+
© QS Quacquarelli Symonds 2004-2022 TopUniversities.com


In total, QS offer five tables in the QS Business Master’s Rankings portfolio, each designed to provide a pioneering guide into business schools performance in quickly growing disciplines. These are:

Each Business Master’s Rankings is compiled according to program performance in five key metrics: Employability, Entrepreneurship and Alumni Outcomes, Return on Investment,Thought Leadership, and Class & Faculty Diversity. (Methodology)

QS President Nunzio Quacquarelli said: “Our Graduate Management Education rankings offer independent insights to career-minded and discerning prospective students who are invited to discuss the findings with peers, business schools and our analysts at virtual master’s and MBA networking events.”

The full suite of rankings can be found at www.TopUniversities.com.

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