The latest Financial Times (FT) rankings have confirmed the global reputations of Australian Graduate School of Management (AGSM) at UNSW Business School MBA and the Melbourne Business School (MBS) MBA are still very much intact.
The MBA programs from MBS (61st, down from 66 in 2018) and AGSM (70 up from 63 in 2018) were joined this year by Macquarie Graduate School of Management, which ranked 74. Macquarie returned to the FT rankings after missing out on a place in 2018.
The FT ranking 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.
The global MBA ranking system has recently come under fire for placing too much emphasis on post-graduation salaries and not enough on social responsibility.
This year’s global list was once again headed by Stanford Graduate School of Business, which was followed by Harvard Business School which took second place after ranking fifth in 2018. Insead took third place on the rankings followed by University of Pennsylvania: Wharton and China’s Ceibs.
While AGSM and MBS have consistently found themselves on the FT rankings this year saw the return of Macquarie University’s Macquarie Graduate School of Management to the list.
Ranking 74th overall, Macquarie was not ranked in 2018 but this year earned a place after ranking 81st for salary increase, 63 for value for money and 11 for career progress.
Melbourne Business School MBA climbs even higher in 2019
After climbing 10 places in 2018, Melbourne Business School jumped another five this year to reach 61 on the rankings in the 2018 rankings, following an 11 place jump from 2016 to 2017. Salary potential for Melboune’s MBA graduates also increased over the year, increasing 87% since 2018.
MBA Academic Director and Assistant Professor Nam Tran said the degree was distinguished from others by the number of opportunities students had to apply theories in the real world.
“In-class learning is only a small part of what students learn at Melbourne Business School,” he said.
“Our Business in Asia unit, Innovation Bootcamp and internship programs provide valuable opportunities for students to apply their knowledge and gain practical insights by working with companies and industry experts.”
Professor Tran said the program was being continuously updated to keep pace with the latest changes in industry.
“While being ranked number one in Australia is a testament to the quality of our MBA programs, we will practice what we teach our students by continuing to search for innovations. Our curriculum review, currently underway, has revealed a number of exciting opportunities to strengthen our programs.”
The FT Ranking
According to the Financial Times, the FT surveys alumni three years after completing their MBA. For schools to enter the ranking calculations, the FT requires that a minimum of 20% of alumni reply to the survey, with at least 20 fully completed responses. About 8,000 from the class of 2015 completed our survey — a response rate of 38%.
Read the full FT 2019 Global MBA Rankings results here http://rankings.ft.com/businessschoolrankings/global-mba-ranking-2019