MBA Australia Rankings
We are still preparing the latest Australian MBA rankings and we provide this list as a guide to the top ranked programs.
Financial Times MBA World Top 100 2005
Melbourne Business School (University of Melbourne) - 63 (3 year average 66)
Australian Graduate School of Management - 84 (3 year average 69)
Financial Times MBA World Top 100 2004
QUT's Brisbane Graduate School of Business is a new entrant in the Financial Times Top 100 for 2004:
Australian Graduate School of Management - 53 (3 year average 63)
Melbourne Business School (University of Melbourne) - 72 (3 year average 73)
Brisbane Graduate School of Management QUT - 82
Financial Times MBA World Top 100 2003
These same two entrants were on the Financial Times MBA 2003 world rankings:
Melbourne Business School (University of Melbourne) - 64 (3 year average 67)
Australian Graduate School of Management - 69 (3 year average 55)
The selection basis for this MBA ranking was based on three general dimensions of marketplace purchasing power , diversity of experience, and qualities of the research. The Financial Times rankings are well regarded as a guide to how well the schools match up against each other.
Financial Times MBA World Top 100 2000
Two Australian entrants on the Financial Times MBA 2000 world rankings were:
Melbourne Business School (University of Melbourne) - 57
Australian Graduate School of Management - 65
Asiaweek Asia's best MBA schools 2000
IMPORTANT NOTE: The following schools did not participate in this survey:
Australia Asia Management Centre (The Australian National University)
Australian Graduate School of Management AGSM (University of New South Wales and University of Sydney)
W O R L D C L A S S
BEST IN REPUTATION
No Australian winner
BEST FULL-TIME MBA IN ASIA
Melbourne Business School No:1 of 3
BEST PART-TIME MBA IN ASIA
Melbourne Business School No: 1 of 3
BEST EXECUTIVE MBA IN ASIA
No Australian winner
BEST DISTANCE MBA IN ASIA
Curtin University of Technology No: 2 of 3
Brisbane Graduate School of Business No: 3 of 3.
Asia's Best MBA Schools By Reputation
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Asian Rating
4 Melbourne Business School
16 Monash Mount Eliza Business School
26 School of Management (RMIT University)
27 Graduate School of Business (University of Technology Sydney)
30 Brisbane Graduate School of Business (Queensland University of Technology, Australia)
31 Graduate School of Management (University of Adelaide)
33 Graduate School of Business (Curtin University of Technology)
40 International Graduate School of Management (University of South
Australia)
Economist Intelligence Unit World MBA 2002 Rankings
Australian MBA schools appear on the Economist 2002 rankings
School Rank (out of 100)
70 Australian Graduate School of Management
75 Mt Eliza Business School
89 Melbourne Business School University of Melbourne
91 Monash University Graduate School of Business
MBA in Australia - Overview
The MBA in Australia has been designed for people who want to learn about business and management across many different disciplines. The Australian MBA has developed with a focus on the practical application of study and this has made the degree highly prized locally, in the Asia-Pacific region, and internationally.
Although there are variations among the many MBA courses on offer, the Australian Master of Business Administration programs can be characterised as providing:
* Business schools that have introduced and emphasise courses that offer basic skills and tools necessary for problem solving in the business environment
* A wide range of theoretical approaches including economics, measurement, governance, psychology, human behaviour, and leadership
* The ability for students to integrate their learning and apply multiple disciplines in their employment or business situation
* The opportunity to explore courses outside the main business programs such as microeconomics, competitive dynamics, and statistics
* A differentiated MBA product so that every employment and business requirement can be catered for.
All business schools in Australia work closely with business, industry, and government, and consult with current, past, and prospective students, to make sure they offer a curriculum that is both relevant and useful. Search this guide for an idea about the wide range of MBA programs available and find the ones that match your own particular set of requirements.
MBA Information
Information Sources:
Business School Admissions Advisor by Shari Lewis and Alia Murphey, Simon & Schuster.
Game Plan for Getting into Business School by Michele Kornegay, Peterson's.
Why Get An MBA?
Here are some common reasons:
1) for advancement in a career in business
2) career change from one business field to another or into management or administrative position in another field (such as engineering, arts, nursing)
3) obtain skills and credibility for starting own business
4) specific career goal that "requires" an MBA (such as investment banking or management consulting)
5) specific management training
6) higher salary potential
How Long Does It Take?
Two full academic years, usually with an internship between the first and second years. Many schools have created more flexible and part-time options to accommodate the schedules of working students.
Curriculum
The traditional model consists of a first year of core general business classes and a second year of electives allowing specialization. Some schools offer a two-tier model, in which the core classes can be waived so that students can focus more on advanced classes. Some students with a business background can enter these programs in the second half. Also, there are both national and regional schools. National schools admit students from all over the U.S. They are more visible, offer more prestigious contacts, and are often more competitive. Regional schools recruit students from their geographic region and have strong ties with local employers. When researching programs, you may want to decide which is most important for you.
Factors to Consider When Researching Schools
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Do advanced study courses fit your academic/career goals?
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Can you take courses outside the business school?
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What kinds of special programs are available (internships, entrepreneurship, projects with local companies)
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What teaching method is used (lecture, case study, projects)?
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Does teaching philosophy lean more toward theory or application?
*
Quality of faculty (research interests, areas of expertise)
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Class profile (age, diversity, etc.)
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Class size
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Career and job search services
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Location
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Relationship with real-world employers
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Cooperative vs. competitive environment
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Financial aid
Entrance Requirements
1) Academic Record
There is no particular undergraduate degree required. Only about half of MBA students nationwide have a business or economics degree. At UT's McComb's School of Business, 34% of last year's entering class had business degrees, 24% had liberal arts degree, and 42% had technical or science degrees. Many programs require calculus or statistics as evidence of quantitative skills.
2) GMAT - Graduate Management Admission Test
This exam includes verbal, qualitative, and analytical writing sections. It is a timed test given on computer. The score is reported on a 200 to 800 scale with an average score on 500. For more information, see the GMAT website. At UT, the average GMAT score for those who were accepted for 2006 was 673.
3) Work Experience
It is standard for many schools to require two years of work experience prior to admission. More competitive schools may even require more years of work. For example, last year's entering class at UT's McComb's School of Business had an average of five years of experience.
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