The Australian Graduate School of Management (AGSM) is the only Australian business school to appear on Forbes’ 2015 list of Best International 2-Year Business Schools outside of the United States.
The international business magazine listed AGSM at the UNSW Business School as the top full-time MBA in Australia, and number 11 among international programs in its biennial ranking.
The prestigious Forbes ranking measures the financial return on investment gained by completing an MBA.
Forbes magazine surveyed 17,400 MBA graduates from 2010 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 “5-year M.B.A. gain”.
“This result is very encouraging and shows that despite the competitive market in which we operate, the reputation and relevance of our program remains very strong internationally,” said AGSM Director Julie Cogin.
London Business School was ranked number 1, with the five year MBA gain of $US102,100, a pre-MBA salary of $US78,000 (class of 2010) and an average 2014 salary (class of 2010) of $US210,000.
Barcelona’s IESE was ranked number 2, while HEC-Paris was number 3.
AGSM was 11th on the list with a total 5-Year MBA Gain of $US37,400. AGSM students had an average pre-MBA salary of $US59,000 (class of 2010) and an average 2014 salary (class of 2010) of $US139,000.