Australian MBA Rankings in 2023

MBA rankings for Australian MBA courses are developed by a range of organisations and institutions. Rankings help students decide which MBA course suits them. Some take a global perspective while other take a more local or regional perspective. Below are the major rankings for Australian MBAs for 2023. Jump to:

mba rankings australia

Australian Financial Review

2023 AFR Best Business Schools

The University of New South Wales has retained the top spot in the latest AFR Boss Best Business Schools ranking with the University of Melbourne and the Queensland University of Technology rounding out the the top three.

The Rankings assess nearly 40 Australian Business Schools across three categories: quality, reputation, and career impact. In 2022 the AFR BOSS Best Business Schools ranking replaced the BOSS MBA rankings and is the only domestic ranking of business schools in Australia.

The annual event ranks universities on various criteria, including reputation, career impact and salary prospects for graduates, and performance in the national evaluation, Excellence in Research for Australia, which effectively scores research against world-class benchmarks.

1University of New South Wales89
2University of Melbourne88
3Queensland University of Technology78
4University of Western Australia75
5Monash University74
6Macquarie University73
6University of South Australia73
6University of Sydney73
9Deakin University72
10Curtin University71
11University of Adelaide70
11University of Canberra70
11University of Queensland70
11University of Technology Sydney70
15James Cook University68
15University of Newcastle68
17Edith Cowan University67
17RMIT University67
17The Australian National University67
20University of the Sunshine Coast64
21Griffith University63
22Australian Catholic University61
22La Trobe University61
22University of Southern Queensland61
25Western Sydney University59
26CQ University58
26Southern Cross University58
26Swinburne University of Technology58
29Charles Sturt University57
29Victoria University57
31Murdoch University56
32Bond University55
33Flinders University53
33University of New England53
35University of Tasmania52
36University of Wollongong51
37Torrens University Australia46

Financial Times

2023 FT Top 100 Global Australian Rankings

AGSM @ UNSW was the only Australian MBA to secure a spot on the prestigious FT Global MBA Ranking for 2023 compiled by UK-based FT (Financial Times).

In 2022, Melbourne Business School’s top-ranked MBA came in at 87th and AGSM @ UNSW was 79th. Macquarie Business School was ranked 97th in 2020 but fell out of the Top 100 in 2021.

For the 2023 report AGSM @ UNSW MBA graduates reported a salary of $114,803 ($AUD166,266) three years after graduating, up 46% on their pre-MBA salary.

School2023 Rank2022 Rank2021 RankSalary today ($US)
AGSM @ UNSW959879$USD114,803/$AUD166,266
Melbourne Business School-9787

The Economist

The Economist Rankings

Australian MBA programs performed well in the global MBA ranking from The Economist magazine. In 2021, COVID-19 and the non-participation of some of the biggest business schools in the world caused a major shake-up of the influential list.

The University of Melbourne’s Melbourne Business School retained its place as Australia’s top-ranked full-time MBA program despite falling six places to 34th. Macquarie Business School jumped 33 places to 41st, while the University of Queensland Business School climbed seven places to 47th.

READ MORE: Macquarie, UQ Business School Soar In 2021 The Economist MBA Rankings

To determine the rankings The Economist surveys thousands of MBA students and asks them why they decided to enrol on a full-time MBA programme. A number of different criteria – including quality of the faculty, facilities and career services department – are used the weighting for each criteria are based on the importance students themselves place on different criteria.

All three Australian business schools performed particularly well in the student quality criteria with UQ being the top-ranked school in the world, while Macquarie ranked third and Melbourne Business School ranked 16th.

QS World

QS World University Australian Rankings

Two Australian MBAs — Melbourne Business School (3rd) and the AGSM at the University of New South Wales (5th) — have made it into the top MBAs in Asia, according to the latest rankings by QS Top MBA.

Globally, Melbourne Business School MBA was ranked 34th and AGSM 39th. A further four Australian MBAs – MGSM Macquarie University, UQ Business Business, University of Western Australia and Bond University – were ranked inside the top 200.

Deakin University, RMIT, Wollongong (Sydney Business School), La Trobe Business School and and Victoria Graduate School of Business were all in the top 250. Harvard (United States), INSEAD (France), HEC Paris (France), Stanford (United States) and London Business School (United Kingdom) were the top five schools globally.

The MBS report showed an average class size of 52, an average student age of 28, with 50% of students and international and just one-in-five students female. AGSM’s average class size was 44, average student age was 30, 63% were international students and 30% of students were women.

Business School Australian Rank Asia Pacific Rank
Melbourne Business School 1 3
AGSM MBA, University of New South Wales 2 5
MGSM Macquarie University 3 14
UQ Business School (University of Queensland) 4 15
UWA Business School (University of Western Australia) 5 16
Bond University 6 21-26
Deakin University 7 21-26
RMIT University 8 21-26
Wollongong (Sydney Business School) 9 21-26
La Trobe Business School 10 27+
Victoria Graduate School of Business 11 27+


Forbes Australian MBA Rankings

AGSM @ UNSW Business School’s two-year, full-time MBA program has cemented itself as among the best in the world, securing eighth spot on the latest biennial Forbes MBA rankings.

For the first time, AGSM@UNSW Business School’s two-year MBA has been ranked among the top 10 worldwide by Forbes. It comes a week after AGSM @ UNSW’s Executive MBA secured third place in the AFR BOSS MBA rankings.

The AGSM program was the only Australian MBA program to feature in the Forbes ranking. The top 10 include London Business School (UK) HEC Paris (France), IESE (Spain), CEIBS (China) and Esade (Spain). The rankings assess MBA programs in three categories – US Schools, International One-Year MBA and International Two-Year MBA.