The Melbourne Business School has taken the title of Australia’s top ranked full-time MBA in the latest global list compiled by QS Top Universities.
The QS Global MBA Rankings 2019 measure the strength of MBA programs at almost 250 schools around the world by assessing the employability of students, entrepreneurship and alumni outcomes, return on investment, thought leadership and class and faculty diversity.
Melbourne was ranked the 28th best full-time MBA in the world with UNSW’s Australian Graduate School of Management (AGSM) (39th) and Monash University (87th) also scoring a spot in the top 100 programs globally.
Macquarie University’s Graduate School of Management (MGSM), the University of Western Australia (UWA) and UQ Business School (UQBS) were all ranked in the top 130 programs.
QS Top Universities 2019 MBA Rankings – Australia
|Global Rank |
|1||28 (34)||Melbourne Business School||76.8|
|2||39 (39)||UNSW (AGSM)||73|
|3||87 (-)||Monash University||61.8|
|4||121-130||UQ Business School||56.8|
|5||121-130||Macquarie University Graduate School of Management||56.7|
|6||121-130||University of Western Australia Business School||56.2|
|7||131-140||Australian National University||55.8|
|10||200+||Sydney Business School (Woollongong)||47.6|
|11||200+||La Trobe University||46.2|
Globally, Stanford leapt from 4th in 2018 to the top spot, Harvard dropped from top in 2018 to second Penn University’s Wharton Business School lifted from 6th to 3rd in 2019.
Melbourne Business School
Professor Ian Harper, Dean of Melbourne Business School, said the result reflected the high achievements of the school’s graduates.
“Our high position in the rankings by QS and others is testament to the quality of our faculty and especially our students,” he said.
“Melbourne Business School attracts some of the best and brightest minds from around the world, who come here to learn as much from each other as from our MBA program. The students are integral to this result – their success is our success.”
QS said it had introduced a category for Oceania business schools covering Australia and New Zealand for the first time in 2019, after previously including them in the Asian region.
“Having been grouped with Asian business schools in last year’s ranking, this year sees institutions based in Australia and New Zealand get their own separate table,” QS said.
“Ranked in first place is Melbourne Business School, one of six institutions from the city of Melbourne in this year’s table.”
AGSM @ UNSW Business School ranked 39th out of 251 global MBA programs.
“AGSM consistently ranks among the world’s best schools of management for our Full-Time, Part-Time, and Online MBA programs,” said Nick Wailes, AGSM Director and Deputy Dean UNSW Business School.
“This latest QS result further recognises AGSM’s strong positioning across several key indicators when compared to the global and regional averages,” he said.
The 2018 QS rankings consider five core indicators with AGSM scoring higher than the global and the Oceania region mean scores in all five categories.
QS also estimates the timeframe for students to see a Return on Investment after completing an AGSM Full-Time MBA is 3.4 years, which is less than the global average of 4.2 years. AGSM graduates see more than a 40% uplift on investment against the value of their MBA degree over a 10-year period.
Monash University said the QS ranking success was the culmination of three years work and its focus on leadership development, management practice and building a truly global mindset.
Monash has not previously participated in the rankings while it overhauled its course.
“We are pleased to say The Monash MBA is now ranked in the world’s top 100 and top 3 in Oceania,” Monash said. “With regard to more specific benchmarks, The Monash MBA scores above the regional mean on all key performance indicators: Employability, Entrepreneurship and Alumni Outcomes, Return on Investment, Thought Leadership and Diversity.
“We are particularly proud of our focus on gender balance achieving a perfect score by averaging 50% women in each MBA cohort.”