MBS Ranking: Highest Ever for an Australian Business School
Sep, 2008
Melbourne Business School (MBS) has been ranked the number one full-time MBA program in Australia and 26th world-wide in the Economist Intelligence Unit 2008 MBA rankings, released today.
This is the best ever result for an Australian full-time MBA program in global international rankings.
On the world stage, Melbourne Business School has jumped 62 places in the international ranking in just two years, moving from number 88 in 2006 to number 26.
MBS dean, John Seybolt says, "In the past three years student applications to MBS have almost doubled from 351 to 633 and we expect this trend to continue. This international ranking should further increase the number of international students applying to do their MBA studies in Australia, particularly at Melbourne Business School."
The Economist Intelligence Unit ranks MBA programs around the world. International MBA programs are also ranked by the UK-based Financial Times, the US-based Business Week and the Wall Street Journal.
Seybolt likened these rankings to the Moody's ratings. He says, "Strong rankings attract the best students and faculty from around the world. For example, our current MBA class includes students from more than 30 countries and more than 70% of our MBS faculty came from prestigious international business schools."
MBA students demand rankings. If you are to pay tens of thousands of dollars for your tuition, it is only natural to seek some impartial judgement on the quality of the schools you are considering.
No two rankings measure exactly the same things. The Economist ranks new career opportunities, personal development and the educational experience, salary increase after the program and the potential to network with alumni from around the world.
‘While we know that rankings generally can be volatile we hope this result reflects the increased investment in our MBA programs and in the student's experiences. This was evident last year when 96 % of our students were employed within three months of graduation," Seybolt says.
"We are thrilled to be included in the top-30, with such prominent international business schools," Seybolt says.
Other Australian business schools ranked included Monash University at number 47, Macquarie Graduate School of Management at number 57 and Curtin University Graduate School of Business at 94. The Australian Graduate School of Management did not participate.
Click here to access the full Economist Intelligence Unit Which MBA? 2009 report.
