The Australian Graduate School of Management (AGSM) is the only Australian business school to appear on Forbes’ 2013 list of Best International Business Schools outside of the United States.
The Forbes ranking is undertaken every two years and measures the financial return on investment gained by completing an MBA. Forbes magazine sent surveys to 17,000 MBA graduates from 2008 and arrived at the ranking by comparing their earnings in their first five years out of business school to their opportunity cost (two years of forgone compensation, tuition and required fees). The schools are then ranked according to their t “5-year M.B.A. gain”.
While Forbes separates their list into US and non-US schools the report showed European schools have the seven highest 5-year M.B.A. gains in the world led by Switzerland’s IMD, where students had a median gain of $US196,300. Students at IMD are making $US 211,000 five years out of school after arriving with a median paycheck of $84,000. It is the second straight time that IMD finished on top of the biennial Forbes business school ranking.
Paris’ Insead ranked second for the second straight time with 2012 total comp of $US175,000 and entering salaries of $US71,000.
AGSM was 24th on the list with a total 5-Year MBA Gain of $US24,700. AGSM students had an average pre-MBA salary of $US56,000 and an average 2012 salary of $US163,000.The AGSM MBA costs $72,512.
FULL FORBES LIST: The International Business Schools
AGSM at a glance
- Annual Enrollment: 51
- Total Applicants: 157
- Percent Accepted: 80%
- Median GMAT: 630
- Median Work Experiance: 6.0
- In-Country Costa: $72,512
- Out-of-Country Costa: $72,512
- Employed After Graduationb: 96%
- Median Base Salary: $106,080
- Median Signing Bonus: $15,300
a. Total program cost including tuition and required fees.
b. Percent of those seeking jobs who accepted employment within 3 months of graduation.
