Eleven Australian MBA programs have been awarded Tier One status in the latest Global MBA Rankings by US-based CEO Magazine. The new report also recognised three Australian Executive MBA programs and 10 online MBA programs.
CEO Magazine has released its annual Global MBA rankings each year since 2012. In 2020 the magazine received submissions from more than 160 global institutions – including 12 from Australia – representing more than 300 programs across 27 countries.
The Magazine ranks MBAs across a range of factors including Quality of Faculty, International Diversity, Accreditation, Faculty to Student Ratio, Price, International Exposure, Work Experience, Professional Development and Gender Parity.
The main ranking separates MBAs into two tiers with no numeric ranking. The Australian MBAs included in Tier One were:
- Griffith University
- La Trobe University
- Macquarie Business School
- RMIT University
- Swinburne University of Technology
- University of Newcastle
- University of Adelaide
- Torrens University Australia
- University of South Australia
- Sydney Business School
- Victoria Graduate School of Business
CEO Magazine also undertakes and Executive MBA Ranking with 85 different programs ranked. Australian Executive MBAs that made the list included:
|5||Swinburne University of Technology|
|38||University of Wollongong|
— Swinburne University of Technology (@Swinburne) March 12, 2020
Griffith Business School Pro Vice Chancellor (Business) Professor David Grant said the Griffith online MBA was ranked fourth in Australia and 16th globally.
“Ranking 4th in Australia and maintaining our Global Tier One position for another year is fantastic recognition of the Griffith MBA, which reflects the evolution of business strategy toward core values in sustainable business practices, responsible leadership and an Asia-Pacific perspective,” Professor Grant said.
“CEO Magazine’s Global MBA Rankings are an important fact-based tool to measure MBA offerings around the world, in what is an increasingly congested market.
Griffith MBA Program Director Associate Professor Stephanie Schleimer was thrilled with the CEO Magazine ranking result.
“We believe the MBA of the 21st century must be built on values because being responsible, ethical, transparent and sustainable is the norm for business in the future and we work very hard to deliver a program that focuses on these values,” she said.
“We aim to teach students how to turn common good practices into innovative, strategic practices that set their businesses apart.
CEO Online MBA Rankings
CEO Magazine also assessed 70 online MBA programs with 10 Australian programs included on the list.
|Global Online MBA Rankings|
|6||Macquarie Business School|
|8||University of South Australia|
|12||La Trobe University|
|20||Torrens University Australia|
|21||RMIT University EMBA|
|36||Swinburne University of Technology|
|41||Victoria Graduate School of Business|
|52||University of Southern Queensland|
|53||University of Newcastle|
The Macquarie Business School (MQBS) Global MBA, which only began in May 2019, was the top ranked Australian Online MBA and ranked sixth internationally .
Macquarie University Vice-Chancellor Professor S. Bruce Dowton said the accolade was unprecedented.
“I commend all the staff involved in developing, delivering and supporting the program, and believe the achievement is demonstrative of the entrepreneurial culture of Macquarie Business School,” Professor Dowton says.
The Global MBA, which is offered in partnership with the online learning platform Coursera, redefines the traditional barriers to entry and makes MBA learning more accessible, inclusive, and responsive to learner needs.
The Macquarie Business School’s Global MBA program has received top honours by being ranked as the number one program in Australia by @CEO_MAG in its annual Global Online MBA Rankings for 2020. Read more: https://t.co/rcYtTIVREj #MacquarieBusinessSchool #ceombarankings2020 pic.twitter.com/P3RaCFY5jP
— Macquarie University (@Macquarie_Uni) March 10, 2020
CEO Magazine uses a ranking system entirely geared and weighted towards fact-based criteria and aims to cut through the noise and provide potential students with a performance benchmark for those schools under review. The weighting of each data point is (full-time and part-time MBA):
- Quality of Faculty: 34.95%
- International Diversity: 9.71%
- Class Size: 9.71%
- Accreditation: 8.74%
- Faculty to Student Ratio: 7.76%
- Price: 5.83%
- International Exposure: 4.85%
- Work Experience: 4.85%
- Professional Development: 4.85%
- Gender Parity: 4.85%
- Delivery methods: 3.8%
For the EMBA Weighting, work experience and international diversity are adjusted accordingly. For the online MBA weighting delivery mode and class size are removed.