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 2020.
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.
The University of Sydney has trumped all comers in the 2019 AFR BOSS MBA Rankings, taking top spot for both its flagship MBA and Executive MBA programs. The University of Sydney Business School’s $63,000 MBA ranked best with alumni for Overall Satisfaction and Value for Money. The ranking s are determined using a range of factors based on surveys from the schools and alumni.
Adelaide Business School, QUT Business School and the University of Adelaide all jumped two places from their 2017 ranking to come in second, third and fourth respectively. Griffith Business School rounded out the top five. The University of Queensland fell from second to eighth and Melbourne Business School dropped out of the list all together.
2019 AFR BOSS MBA Rankings
2019 Fees (Domestic)
The University of Sydney Business School
Adelaide Business School
Queensland University of Technology
University of South Australia
Griffith Business School
Monash Business School
Macquarie Business School
University of Queensland
Central Queensland University
University of Western Australia
The University of Sydney also top the rank of top Executive MBAs, ahead of 2017 winner QUT Business School. AGSM @ UNSW Business School had the third ranked EMBA with Bond Business School and Sydney Business School rounding out the top five.
Melbourne Business School’s top ranked MBA came in at 80th (2019: 61), AGSM @ UNSW was 88th (2019: 70) and Macquarie Business School snuck in at 97th (2019: 74). Of the Australian schools, Macquarie MBAs were the best paid with an average salary of $US120,091 ($AUD177,000) three years after graduation, an increase of 83% on their pre-MBA salary.
AGSM @ UNSW MBA graduates reported a salary of $106,000 ($AUD156,000) three years after graduating, up 62% on their pre-MBA salary. Melbourne Business School grads were paid an average $US115,679, up 74% on their pre-MBA salary.
Salary today ($US)
Value for money rank
Melbourne Business School
AGSM @ UNSW
Macquarie Business School
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.
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.
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.
Asia Pacific Rank
Melbourne Business School
AGSM MBA, University of New South Wales
MGSM Macquarie University
UQ Business School (University of Queensland)
UWA Business School (University of Western Australia)
Wollongong (Sydney Business School)
La Trobe Business School
Victoria Graduate School of Business
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.