Five Australian schools of management have secured places in the top 100 in the latest rankings of full-time MBA programs from around the world.
Melbourne Business School (26th), UNSW ASGSM (35th), Monash Business School (73rd), MGSM Macquarie (=84) and UQ Business School (=94) performed strongly in the QS Global MBA Rankings for full-time programs.
QS ranked 286 programs this year from 45 country. Data was collected in early 2021, using three surveys; the QS Global Employer Survey, the QS Global Academic Survey and a survey completed by the business schools themselves.
Melbourne Business School ranked 10th globally for the thought leadership indicator while AGSM just missed out on a top 10 rank for diversity coming in at 13th globally.
AGSM climbed up six places from last year and placed well above the global average across all metrics.
Professor Nick Wailes, Senior Deputy Dean (External Engagement) and Director AGSM, said AGSM’s global rankings performance was a catalyst for continuous improvement.
“We use global rankings performance and other indicators to assess our programs and ensure we remain ahead of today’s pace of change,” Professor Wailes said.“Increasingly, employers and MBA candidates are seeking relevant and timely learning that exposes them to ideas and experiences that they can apply immediately to their work. Our curriculum is built around the issues organisations are grappling with today – disruption, technology, and innovation.”
AGSM has recently made several adjustments to its suite of MBA programs, which includes it embedding principles of Responsible Management across the entire MBA curriculum. There will also be a pivot in 2022 to a 12-month Full-Time MBA while technology and data analytics skills will be imbedded within its courses.
For Associate Professor Michele Roberts, AGSM Academic Director, the school’s long-term achievements in the QS Global MBA Rankings are a product of this continual assessment of, and adjustment to, what society and industry are looking for in its leaders.
“High placement in global rankings such as the QS Global MBA Rankings, which uses factors such as ROI and employability prospects to determine the top schools, demonstrates that critical thinking by schools of just how alumni leadership skills are being developed within their own institution is vital to success,” Dr Roberts says.
“In the wake of the COVID-19 pandemic, there is an increased awareness that leadership is not simply a matter of running a financially successful business. Instead, thought leadership is essential to help organisations and society solve global issues and societies most urgent and complex problems.
For yet another year, Stanford landed the top spot for its MBA program offering, ranking first in the world for the alumni outcomes indicator.