Australian MBAs Climb In Latest FT Global Rankings

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.

Ben Ready
Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize. He is also the founder and Managing Director of RGC Media & Mktng (