A range of independent organisations have developed Australian MBA rankings systems for helping 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.
GMAA Five Star MBA Rankings
The Graduate Management Association of Australia (GMAA) awarded seven Australian MBAs a 5 star ranking in 2017, with Queensland business schools once again dominating the list.
The seven school awarded 5 stars were Griffith University, Queensland University of Technology (MBA & EMBA), University of Adelaide, University of Queensland, University of South Australia and University of Wollongong.
Wollongong makes its debut on the 5-star list while Deakin University and Latrobe lose their 5-star ranking.
The GMAA rankings provide the country’s best business schools with a means of quantifying the success and calibre of their postgraduate programs, which helps not only the institution in terms of allowing it to set benchmarks and aspirations for itself, but potential students seeking to maximise their learning outcomes.
One of the aims of the assessment is to assist prospective student in their choice of institution / program by looking at programs from two perspectives – attractiveness and educational quality.
AFR Boss MBA Rankings
The Financial Review Boss MBA Ranking has been published biennially since 2007. All Australian business schools are invited to participate and are provided an overview of the methodology and invited to give feedback.
Taking the tops spot on the list in 2017 was the University of Sydney Business School’s MBA, which was ranked as the nation’s number one program of its kind, followed by the University of Queensland Business School and Melbourne Business School.
Schools that participate can earn a maximum of 100 points: 55 points based on the responses of recent alumni who have graduated in the past three years, and 35 points based on data provided by the schools.
Ten points are allocated to research output by business school faculty based on Excellence in Research Australia reports submitted by universities for books, book chapters, peer-reviewed journals and conference papers.
BOSS Survey – 2017 MBA Rankings
|1||The University of Sydney Business School|
|2||UQ Business School, University of Queensland|
|3||Melbourne Business School|
|4||Griffith Business School, Griffith University|
|5||Adelaide Business School, University of Adelaide|
|6||QUT Graduate School of Business|
|7||University of South Australia Business School|
|8||Curtin Graduate School of Business|
|9||School of Business & Law, Central Queensland University|
|10||Bond Business School|
|11||Deakin Business School, Deakin University|
|12||La Trobe Business School, La Trobe University|
|13||Sydney Business School, University of Wollongong|
|14||School of Management & Enterprise, University of Southern Queensland|
|15||Victoria Graduate School of Business, Victoria University|
BOSS AFR Executive MBA (EMBA) Rankings
QUT Graduate School of Business executive director, Bob O’Connor, said having the university’s Executive MBA course recognised as number one nationally was a reflection of the course quality.
“We attract executive-level participants from governments, private and not-for-profit sectors, and the survey feedback tells us, that this diverse group dynamic is a key strength of the program,” he said.
BOSS AFR Executive MBA (EMBA) Rankings 2017
|Rank||Executive MBA Provider||Domestic Fees 2017|
|1||QUT Graduate School of Business||$65,376|
|2||Melbourne Business School||$98,500|
|3||The University of Sydney Business School||$93,750|
|4||RMIT University, Graduate School of Business and Law||$51,840|
|5||Bond Business School||$76,995|
|6||Sydney Business School||$58,044|
SOURCE: AFR Boss, The Australian Financial Review
FT Top 100 Global Australian MBA Rankings
The Australian Graduate School of Management (AGSM) at UNSW Business School MBA and the Melbourne Business School (MBS) MBA cemented their positions as the top two MBAs in Australia, in the 2018 Financial Times (FT) rankings.
The Global MBA Ranking by FT is considered one of the most prestigious MBA ranking systems in the world and lists the world’s top 100 MBA programs evaluated on criteria including career outcomes, student satisfaction, faculty research and diversity.
In the 2018 rankings the AGSM MBA was ranked 63rd with MBS climbing 10 places to 66th.
This year’s global list was headed by Stanford Graduate School of Business, replacing Insead at the top after Insead claimed the number one rank in 2017. Wharton at the University of Pennsylvania held its 3rd place, followed by London Business School and Harvard.
The Economist Australian MBA Rankings
Three Australian business school made their way onto The Economist’s list of the world’s best MBA providers.
Out of 100 schools around the world, the University of Queensland Business School, Melbourne Business School and the Macquarie Graduate School of Management all ranked in the top 50 at 16th, 27th and 49th place respectively.
The same three schools also made The Economist’s top 100 MBA ranking in 2016, with the most notable change coming from Melbourne Business School, which jumped seven places to 27th this year.
|University of Queensland||27||14||16||16||10||16|
|Melbourne Business School||38||27||40||43||34||27|
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 Bsiness 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=|
|Wollongong (Sydney Business School)||9||21-26|
|La Trobe Business School||10||27+|
|Victoria Graduate School of Business||11||27+|
Forbes Australian MBA Rankings
The Australian Graduate School of Management (AGSM) was the only Australian business school to appear on Forbes’ 2015 list of Best International Business Schools outside of the United States.
The Forbes ranking is undertaken every two years and measures the financial return on investment gained by completing an MBA. Forbes magazine sent surveys to 17,000 MBA graduates from 2008 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 t “5-year M.B.A. gain”.
AGSM was 24th on the list with a total 5-Year MBA Gain of $US37,400. AGSM students had an average pre-MBA salary of $US59,000 and an average 2014 salary of $US139,000.The AGSM MBA costs $53,000.