Best Business Schools for MBA in Australia

QS News Global MBA Ranking has included 13 business schools of Australian universities in their list of top 250 business colleges around the world.

Given below is a table containing the lists of the top 10 along with their rankings and fee of the full-time MBA program:

Some of Australia’s most popular business schools for international students include RMIT, Victoria University, James Cook University, and Southern Cross University.

Best MBA Programmes in Australia: GMMA 2015 MBA Ratings

Top B-Schools in Australia

Here is a general ranking of the best MBA colleges in Australia across the years

1. Melbourne Business School
2. Australian Graduate School of Management (AGSM)
3. Monash Business School
4. Queensland Business School
5.  MGSM Macquarie Graduate School of Management
6. University of Western Australia Business School
7.  Australian National University (ANU)
8. Deakin Business School
9. University of Wollongong Sydney Campus
10. RMIT University School of Business and Law
11. La Trobe Business School
12. The University of Sydney Business School
13. Brisbane Graduate School of Business
14. EBS Business School
15.  University of Technology (UTS) Graduate School of Business
16. Adelaide Graduate School of Business (AGSB)
17. Bond University – MBA
18. Victoria University Graduate School of Business
19. Griffith Business School
20. Chifley Business School
21.  Charles Sturt University
22. University of Canberra – MBA
23. University of Canberra – MBA
24. Perth Graduate School of Business
25. James Cook University – MBA
26. Sydney Graduate School of Management (SGSM)
27. University of Southern Queensland (USQ)
28. Australian Catholic University – MBA
29. Swinburne University of Technology (AGSE)
30.  Murdoch University – MBA

Australian MBA Rankings

The Australian MBA rankings for MBA courses in Australia were developed by reputed organisations and institutions. The rankings help students decide on the institution they wish to pursue their MBA degree in Australia.

Some international students are particular about the institute’s rankings, while some students look at the popularity of the university in the state or local region.

Given below are rankings for Australian MBAs for 2020.

AFR Boss MBA Rankings

The Financial Review Boss MBA ranking is a publication that is published biennially since 2007. The Australian business schools are invited to take part. They are given an overview of the methodology of the rankings.

Besides, the business schools can give their feedback. In the 2019 AFR BOSS MBA Rankings, the University of Sydney took the first spot for its Executive MBA and main MBA programs.

The University of Sydney Business School’s $63,000 MBA was ranked the best with alumni for having Overall Satisfaction and Value for Money. These rankings were based on several factors, including surveys taken from the different business schools and alumni.

Also Read – Admission Open for One Year MBA 2019-20 Batch At Melbourne Business School

The Adelaide Business School, QUT Business School, and the University of Adelaide ranked 1, 2, and 3 in 2017 have found themselves two places behind. They are now ranked second, third, and fourth, respectively.

The Griffith Business School was placed at fifth rank and rounded the top five. A notable drop was the University of Queensland that was ranked second, was now eight. Likewise, the Melbourne Business School could not make it in the top 10 list itself.

2019 AFR BOSS MBA Rankings

The University of Sydney takes the first spot of top Executive MBAs. QUT Business School, which was first ranked in 2017, is now ranked second. The AGSM @ UNSW Business School was ranked third, EMBA with Bond Business School was fourth-ranked. The fifth rank was awarded to the Sydney Business School.

2019 AFR BOSS Executive MBA Rankings

FT Top 100 Global Australian Rankings

The top three business schools to MBA in Australia, Melbourne Business School, AGSM @ UNSW, and Macquarie Business School, have managed to retain their places according to the latest Global MBA Ranking for 2020.

This was compiled by UK-based FT (Financial Times). The Melbourne Business School ranked at the top for MBA managed to rank at 80th (2019: 61).The AGSM @ UNSW got the 88th (2019: 70), and the Macquarie Business School remained in the top 100 at 97th (2019: 74).

Interestingly, the Macquarie MBA graduates were among the highest-paid salaries after three years of graduation. They managed to secure jobs that paid an average salary of $US120,091 ($AUD177,000).

This came at an increase of 83% on their pre-MBA salary. Likewise, the AGSM @ UNSW MBA graduates received a salary of $106,000 ($AUD156,000) after their 3 years of graduation, with an increase of 62% before their pre-MBA pay.

Finally, we take a look at the Melbourne Business School graduates. They received a salary of $US115,679 that showed an increase of 74% after 3-years graduation.

The Economist Rankings

The Economist magazine has shown excellent trends on Australian MBA programs’ performance based on their global MBA ranking. Perhaps, the COVID-19 and the non-participation of famous business schools globally may have caused minor upsets in the influential list that otherwise consists of predicable business names.

Despite being ranked at 34th, six places down, the University of Melbourne’s Melbourne Business School managed to secure Australia’s top-ranked full-time MBA program from last year. The Macquarie Business School surged ahead to 41st, a massive jump of 33 places up, and the University of Queensland Business School was ranked 47th, seven places up.

The Economist had spoken to thousands of MAB students to determine why they decided to enroll in a full-time MBA program from a particular business school. The rankings were chosen based on the feedback received.

Some of the main criteria were the quality of the faculty, facilities present in the university, and the career services department’s efficiency. As far as the student quality criteria were concerned, three Australian business schools did exceptionally well.

They are the UQ, which was the top-ranked school globally, and Macquarie was placed third. Lastly, we have the Melbourne Business School that managed to secure the 16th rank.

QS World University Australian Rankings

According to the latest rankings by QS Top MBA, two Australian MBA business schools, the Melbourne Business School (3rd) and the AGSM at the University of New South Wales (5th),managed to secure top MBAs in Asia.

In the global rankings, the Melbourne Business School MBA was ranked 34th and AGSM 39th.Besides them, four Australian MBA business schools, the MGSM Macquarie University, University of Western Australia, UQ Business, and Bond University, managed to rank within the top 200.

Inside the top 250 ranks saw some exciting names, including Deakin University, La Trobe Business School, RMIT, Wollongong (Sydney Business School),and Victoria Graduate School of Business.

The top five business schools globally were Harvard (United States), INSEAD (France), HEC Paris (France), Stanford (United States), and London Business School (United Kingdom).

According to the MBS report, the average class strength was 52 students. Besides, the average age of the students was close to 28 years. A comprised of 50% International students, and one out of 5 students was a woman.

The class size in the AGSM was close to 44 students. The average age of the student was 30 years, and 63% comprised of international students. A notable fact was that 30% of students were women.

Forbes Australian MBA Rankings

In the latest bi-ennial Forbes MBA rankings, the AGSM @ UNSW Business School’s two-year and full-time MBA program was chosen as the best globally. It secured the eighth spot. Notably, this is the first time the AGSM@UNSW Business School’s two-year MBA is among the top 10 Forbes rankings.

This was just after a week when their Executive MBA was chosen  third place in the AFR BOSS MBA rankings. Interestingly, the AGSM program was the only Australian MBA program to have featured in the Forbes rankings.

Among the top 10 are the HEC Paris (France), London Business School (UK),CEIBS (China),IESE (Spain), and Esade (Spain).

The MBA programs are accessed in three categories for the rankings. They include International One-Year MBA, US Schools,and International Two-Year MBA.

Let us read further to get a better understanding of the top 5 B-Schools in Australia:

Top 5 MBA Universities in Australia

The QS world ranking 2020 has ranked the Melbourne Business School and the Australian Graduate School of Management (AGSM) first and second in Australia.

Here is a list of the top 5 MBA universities in Australia:

1. University of Melbourne: Melbourne Business School
2. University of New South Wales: Australian Graduate School of Management
3. Monash University: Monash Business School
4. University of Queensland Business School
5. MGSM Macquarie

University of Melbourne – Melbourne Business School

The number one ranked MBA program in Australia is the Melbourne Business School full-time MBA Program. It is rated at number 26 globally. According to the business school website, the Melbourne Business School has the best MBA and business analytics degree.

The full-time MBA program consists of students from all over the world. Besides, they get to experience a fast-paced experience in the most happening city of Australia. Students can select doing their MBA degree in one or two years.

Students will be amazed to know that the average GMAT score in 2019 was 695.This was taken from 10,000 graduates from over 95 countries. Some of the reputed organisations that Melbourne Business School MBA graduates work with include Coca-Cola, eBay, Accenture, PWC, Pepsi, and Uber.

Curriculum and Electives

The MBA program provides students with a wide range of core subjects. Besides, students can also travel overseas to Asia.

A few of the core subjects include:

• Data Analysis
• Finance
• Marketing
• Strategy
• Business in Asia
• People Management
• Capstone project

Students must be able to complete six elective subjects from the list of 25 subjects. Some of them include consumer behavior, brand management, business law, corporate strategy, marketing research, mergers and acquisitions, and many more.

Career Management Center and Exchange Programs

The Melbourne Business School career management center works efficiently, and they mainly concentrate on three crucial areas: business connections, personal effectiveness, and Individual coaching.

The Personal Effectiveness program is to enable the students to enhance their soft skills. Besides, the program aids students in understanding the attributes required in the job market. To do that, the business school organises internships, recruitment events, class projects with real clients, and undertakes visits by CEOs.

The school also works in tandem with more than 50 business schools in 23 countries. Besides, they are a member of the Partnership in International Management. This is an association of some of the top business schools globally.

Few exchange partner schools include Schulich, Chicago Booth, Kellogg, LBS, IIMB, Duke, and others.

University of New South Wales – Australian Graduate School of Management (AGSM)

The AGSM is ranked 42ndworldwide and number 2 for the best MBA colleges in Australia. This is a full-time MBA program that lasts for 16 months. The AGSM is based in Sydney, which is one of the financial capitals in the world.

Besides, Sydney is among the fastest-growing economic region of South East Asia.

Curriculum and Electives

The AGSM course comes in two stages,namely Foundations of Management/Core and Electives.

The Foundations of Management course is a 2-week course that provides you with an overview of a general manager’s role. Based on that, the course helps infuse the skills that you will need to become a successful manager.

It also comes with special attention to business ethics and how managers can succeed in their business line.

Some of the notable core courses include:

• Accounting
• Corporate Finance
• Data Analysis and Statistical Modelling
• Marketing Management
• Strategy
• Managing people and organization
• Entrepreneurship and Innovation
• Economics

In stage one, a student must be able to complete the nine courses within two terms. For stage two, students must choose seven elective courses from a list of 15. This has to be completed in a maximum of two terms.

Some of the electives include negotiations, digital business and marketing strategy, venture capital finance, operationalizing, and many more.

Career Management Center and Exchange Program

The AGSM Career Development team enables students to accomplish their objectives with adequate support, resources, and guidance. The center also has an online platform for students to take advice from career consults, register for events, and even access job boards.

Insights into the industry and events are organised to help students land jobs. Students can apply for the international exchange program through any of their partner schools based in North America, Europe, and Asia.

The AGSM has close to 28 partner schools, and some of them include Stern (NYU), Wharton, LBS, and ESADE.

Monash University – Monash Business School

The Monash Business School is currently ranked 89th globally. They provide students with a full-time two-year MBA program ranked at number 3 best MBA colleges in Australia. The campus is located 20km South-East of Melbourne in their famousClayton campus.

Some of the additional facilities on the campus include transport services, health and fitness centers, drinking joints with campus eateries. The Monash Business School has an average class strength of 50 students.

Post-graduation, the students land up jobs with close to 76% increment in salaries. Students are provided with immense flexibility to complete the course as they can take it during the daytime, weekend, and evening.

Students are also allowed to work during their program.

Curriculum

The program provides students with overseas learning opportunities, experience-based modules, industry engagement, and consulting projects. The four core modules include Foundations, Innovation, Transformation, and Globalization.

The modules come with a consultancy project involving real-world application on topics. Few of the modules include business models and strategy, business analytics, financial accounting, international business, etc. 

Students will have to complete an MBA project, which provides them with an in-depth analysis of new organizational requirements. They also learn the skills required to lead the organizations.

Career Advancement and Exchange Programs

The MBA careers team provides individual support and excellent opportunities for permanent placement or interim engagements. Students are provided with a wide array of events, workshops, career planning, simulated interviews to generate the most from the MBA program.

The Monash MBA Program comes with an intensive study module. It is based on the top business schools in Asia, China, Europe, International Business School (CEIBS), and Sungkyunkwan University (SKKU).

The exchange program also relies heavily on the Australian industry, ensuring that their students are ready to take on the various challenges through close collaboration with business partners.

Three kinds of placements are provided, they include International, Monash, and students sourced placements.

University of Queensland (UQ)

The UQ is ranked 111 globally, and its MBA program ranks number 4 for the best MBA colleges in Australia. The program lasts for 18 months with three different study options: Accelerated (12 months), Streamlined (24 months), and Flexible.

Curriculum and Global Experiences

The UQ curriculum is based on the feedback offered by leading business experts and their renowned staff. The MBA program consists of three parts, namely Part A, B, and C. Part A includes two courses: the management framework and integrated strategic analysis.

Part B has business economics, accounting, business analytics, marketing, etc. Finally, Part C gives students the option to choose topics for a capstone project. Students learn how to apply for the UQ-Fudan University consulting program.

This program is beneficial for companies wanting to expand into China. The Social Economic Engagement Program (SEEP) provides MBA students to utilize what they learned in classes into practice.

The UQ Business school also provides short-term international opportunities. This program allows students to work for few weeks where students can opt to study in international partner institutions like Harvard Summer School, Copenhagen Business School, University of Glasgow, etc.

Career Resource Centre

The center provides students with the individualized programs, including workshops. Students gain exposure and learn more about the current job market based on the mentoring programs that last for six months, where the MBA alumni share knowledge and experience.

The UQ has also come up with a massive open course (MOOC) that enables students to enhance their career prospects. This is a free course, where students can learn from employers what they expect from candidates and even share their personal experiences.

MGSM Macquarie Graduate School of Management

The Macquarie Graduate school of management is the fifth-best MBA in Australia program. The school ranks 121 globally, and its MBA program is unique in its way. They like to combine theory as well as practical based on the global setting.

It is done with the help of exchange programs and internships. The school of management also offers students with flexible study options. Students can complete the degree in a time period of 4 years.

Curriculum and Electives

The MBA program consists of core units and electives, which are compulsory. Besides, students must choose six elective units. Few of the core units include Accounting, strategic framework, Operations, marketing, etc.

Students can choose from 40 electives. Some of them include marketing, strategy, entrepreneurship, logistics, etc. Additionally, students can make use of their experiential learning workshops and consulting projects.

Career and Employment Service

The career and employment service is for students who have graduated for 12 months. Students can benefit through face-to-face appointments, online options like CV360. The CV360 is a service that enables students to refine their resumes.

MyMQ Career Zone is another tool that emphasis on tutorials and videos. The tool comes with tutorials on planning interviews, writing your resume, employer profile, psychometric testing practice, and mock interview simulators.

The Macquarie career service conducts workshops enabling students to start their careers.

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