Let’s look at how MBA programs compare across Australian universities and business schools. While MBA rankings are imperfect, they do show some aspects of program performance or reputation.
We’ll explore the MBA rankings for Australia using the results from different surveys and reports.
About MBA Rankings
MBA rankings are used to evaluate and compare the quality of MBA programs. Rankings for Australia are often part of global ranking methodologies, though some unique techniques also exist.
Rankings may be based on surveys of business schools and alumni, data provided by the schools, or a combination of both. In general, MBA programs are ranked based on factors such as the employability of graduates, the quality of the faculty, the diversity of the student body and faculty, resources and facilities available to students, and the overall learning experience.
There are several organisations that publish MBA rankings, including financial news publications, business magazines, and education-focused organizations. These rankings may be global, regional, or focused on specific countries.
It’s important to note that MBA rankings should be just one factor to consider when choosing an MBA program. They can provide a useful starting point for comparing different programs. But do your own research on the strengths and weaknesses of each program and consider your own goals and needs when making a decision.
Financial Times Global MBA Rankings
The Financial Times (FT) Global MBA Rankings is a well-known ranking of MBA programs worldwide. It is based on a survey of business schools and alumni, and takes into account various factors such as career progression, salary increase, and diversity of the student body and faculty.
In the 2022 FT Global MBA Rankings, the Melbourne Business School at the University of Melbourne was ranked as the top MBA program in Australia. While it ranked at number 97 globally, close behind was the Australian Graduate School of Management (AGSM) at UNSW positioned at 98.
It’s worth noting that the FT Global MBA Rankings uses a weighting system to evaluate different factors, and the importance of each factor may vary from year to year. Therefore, it is advisable to consult the specific methodology of the ranking in order to understand how the scores are calculated.
Forbes MBA Rankings
The Forbes MBA Rankings are published annually and evaluate business schools on a number of factors, including return on investment, career progression of graduates, and the diversity of the student body. Forbes uses data from business schools, alumni surveys, and other publicly available data sources to compile its rankings.
In the 2021 Forbes MBA Rankings, the top five business schools in Australia were:
- University of Sydney Business School
- University of New South Wales Business School
- Melbourne Business School
- Queensland University of Technology Business School
- University of Queensland Business School
It’s worth noting that the Forbes MBA Rankings focus more on the practical value of an MBA program, rather than academic research or faculty resources. As such, the Forbes rankings may be more relevant to students who are primarily interested in the career benefits of an MBA program.
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