MBA improves on its world-class ranking

The Graduate School of Business (GSB) has re-affirmed its position as one of the top Master of Business Administration (MBA) providers in the world following the release of the Economist Intelligence Unit's 2007 MBA rankings.

Our MBA was placed second in the world in the category 'personal development and educational experience'. Overall it was ranked 43 in the world, the highest ranked MBA in Australia, an improvement of six places from its 2006 position.

No other Australian Business School made the top 50 and our MBA was even ranked ahead of institutions like INSEAD and Yale in the area of personal development and educational experience.

The Economist Intelligence Unit, the business information arm of the The Economist magazine, each year identifies the world's top 100 business schools by surveying MBA students, graduates and the schools themselves.

The schools are ranked on four indicators of why students undertake an MBA - to open new career opportunities and/or further current career; personal development and educational experience; to increase salary; and the potential to network.

These factors are the basis for the ranking. The Economist Intelligence Unit ranks full-time MBA programs on their ability to deliver these elements to students.

Professor Gill Palmer said she was delighted with this year's result which confirms our MBA’s position as a world-leader in the MBA market, particularly in personal development. She said the MBA continues to consolidate its high ranking which recognizes the pursuit of excellence in graduate outcomes.

“Over and above the intellectual knowledge that is gained by studying an MBA our program also maximises leadership capabilities. The program underpins the formal MBA curriculum providing participants in the program with opportunities for personal and professional development,” Professor Peter Reed, director of the MBA program said.

Professor Julian Teicher, director of the GSB, said the result for the MBA demonstrated the overall strength of the GSB and its ability to provide students with an outstanding educational experience and the program’s long term investment in personal development.

“This is the key to business effectiveness in a global era and shows the capacity of a large well resourced GSB to focus on providing a highly ranked global competitive MBA.

The MBA has long been the jewel in the crown of the GSB and the news of the improved ranking of the MBA is an affirmation of the quality of the program,” Julian said.