The Graduate Management Association of Australia (GMAA) has revealed the best Master of Business Administration (MBA) courses in Australia for 2014, with Victorian and Queensland based universities dominating the top rankings of its annual assessment program.
Six of the nine courses awarded the top 5 star rating were from Queensland and Victoria, together with two from South Australia and one from Western Australia.
The 2014 GMAA 5 Star Assessment is designed as an index of the quality of MBA programs provided in Australia to onshore students. This year, data was received from 60 programs offered through 37 institutions, of which 46 programs were ultimately included in the final results.
Courses awarded a 5-star rating in 2014 were:
- Deakin University (MBA)
- La Trobe University (MBA)
- Queensland University of Technology (MBA and Executive Master of Business Administration)
- RMIT University (Master of Business Administration – Executive)
- University of Adelaide (MBA)
- University of Queensland (MBA)
- University of South Australia (MBA-Onshore)
- University of Western Australia (MBA-Flexible)
Six of the courses had also received a 5-star rating in 2013 (Deakin, La Trobe, QUT, University of Adelaide, University of Queensland and University of South Australia).
Of the three new 5-star ratings, two had jumped from 4 stars and the other had jumped from 3 stars.
This year saw University of Queensland achieve a mile stone for receiving 5 Stars for the 10th consecutive year, while University of South Australia was awarded their 7th consecutive 5 Star.
Other notable achievements were Queensland University of Technology which received its 9th 5 Star in the last 13 years and Griffith University, while not receiving 5 Stars this year, has been awarded 5 Stars on 18 occasions during the last 13 years over four separate MBA programs.
University of Melbourne still has the record with 11 consecutive 5 Stars.
Looking only at the programs that were included in the final results, the average MBA in 2014 now costs $39,300 compared to $36,653 in 2013, while the most expensive course is $71,040 and the least expensive is $18,624.
The average number of contact numbers required to complete an MBA are 469, while the average percentage of females in a course is 30.6 per cent. The average percentage from a non-English background is 30 per cent.
The GMAA is the national association for graduates having postgraduate management qualifications. The GMAA’s goal is to promote the standing and enhance the value of MBA, DBA and other postgraduate management qualifications.
The 5 Star Assessment program is designed to assist potential MBA students by providing an independent assessment of the various programs on offer by people who have been through the process. For further information about the GMAA 5 Star Assessment program, please refer to the methodology report on the GMAA website at http://www.gmaa.com.au/star-rating. The GMAA assessment is presented as a table split into five bands with the programs receiving the highest scores located in the top 5 Star band. Within each band, all programs are then listed alphabetically. The total score for each program is not released.