MBA Australia AEN Logo MBA Australia Master of Business Administration Header

MBA Rankings - Australia

Australian MBA Rankings

There are a number of different ranking systems for the Australian MBA programs including listings in the global world MBA rankings and other domestic rankings with a local approach. Most of these involve an analysis of various components relating to a mixture of objective factors such as business school metrics and graduate outcomes and also more subjective factors relating to the student experience. However there is an ongoing problem in determining which is the top MBA in Australia or even the best Australian MBA because of the metrics used and how the criteria for assessment relates to a prospective student's particular requirements in pursuing this form of postgraduate business studies.

FT (Financial Times) Global MBA Australian rankings

The Australian MBA programs provided by AGSM and MBA have dominated the only Australian entries listed in the FT (Financial Times) Global MBA Australian rankings for a number of years. This is generally due to the way these MBA programs rate in the various categories including weighted salary, salary increase, and research output, discussed in more detail below.


FT Rankings of Australian MBA Programs

RankingBusiness School
75 AGSM University of New South Wales
90 University of Melbourne

The FT (Financial Times) Global MBA rankings is one of a set of international rankings conducted by the media entity. The Global MBA FT ranking system focuses the ranking on objective criteria rather than on alumni responses, but the problem is that a very high weighting is giving to alumni salary and this skews the results towards countries and cities with higher rates of pay for MBA graduates. FT attempts to deal with this problem by applying purchasing power parity to salaries (PPP), but it is not clear how well this achieved.

The main criteria used in the rankings (with the percentage weighting in brackets) are:

  • Weighted salary (20): average alumnus salary three years after graduation
  • Salary increase (20): average difference in alumni salary before the MBA to now
  • FT research rank (10): from the number of research articles published in approved publications

Other factors used in the rankings include: Value for money (3), Career progress (3), Aims achieved (3), Placement success (2), Employed at three months (2), Alumni recommend (2), Female faculty (2), Female students (2), Women board (1), International faculty (4), International students (4), International board (2), International mobility (6), International course experience (3), Languages (1), Faculty with doctorates (5), and FT doctoral rank (5).


Latest BOSS AFR Australian MBA Rankings

The Boss / Australian Financial Review AFR Australian MBA rankings have become a popular reference source partly owing to their promotion through Fairfax Media. The rankings are released on a biennale basis and rely on business school and alumni participation for completion. The key features of the ranking system are:

  • Schools that participate can earn a maximum of 100 points.
  • 55 points based on responses from alumni who have graduated within the past three years.
  • 35 points based on data provided by the schools
  • 10 points allocated to research output based on Excellence in Research Australia

RankBusiness School
1 University of Queensland
2 University of Melbourne
3 Queensland University of Technology
4 University of South Australia
5 Bond University
6 Macquarie University
7 AGSM University of New South Wales
8 University of Southern Queensland
9 Griffith University
10 University of Adelaide
11 University of Western Australia
12 La Trobe University
13 Australian Institute of Management
14 RMIT University
15 Victoria University
16 Deakin University
17 Chifley Business School
18 University of Wollongong

Boss / AFR Australian Executive MBA (EMBA) Rankings

Boss has also ranked the Australian Executive MBA (EMBA) program offerings with the following results.

RankExecutive MBA Provider
1 University of Sydney
2 University of Melbourne
3 Bond University
4 Queensland University of Technology
5 University of Wollongong
6 AGSM University of New South Wales
7 University of Technology Sydney
8 RMIT University

Graduate Management Association of Australia (GMAA) 5 Star MBA Rankings

The Graduate Management Association of Australia (GMAA) conducts a survey of MBA providers before allocating star rankings based on the results, with the highest ranking providers receiving a 5 star ranking. The main focus of the GMAA rankings is on the business school and program rather than on student experiences and outcomes.

The GMAA rankings uses 47 questions to produce the assessment made of:

  • Mandatory pre-assessment matters (4 criteria)
  • Institutions’ links with the business community and overseas schools (9 criteria)
  • The size, diversity and experience of the academic staff (11 criteria)
  • Support facilities the institution provides to assist students / graduates (5 criteria)
  • Entry requirements for prospective students (6 criteria)
  • The size and diversity of the student population (3 criteria)
  • The program length and content (5 criteria)
  • Matters relating to accreditation (4 criteria)

The following table presents the most recent GMAA 5 star ranked MBAs in alphabetical order:

RankBusiness School
5 stars La Trobe University
5 stars Queensland University of Technology
5 stars RMIT University
5 stars University of Adelaide
5 stars University of Queensland
5 stars University of South Australia
5 stars University of Western Australia

The Economist Global MBA Rankings

Australia had 3 MBAs in the top 50 (the only Australian MBAs in the top 100) with University of Queensland dropping a couple of places since 2013 but still maintaining a creditable ranking at number 16. MBS and Macquarie maintained their general positions, with Macquarie continuing its gradual improvement since 2011.

The Economist Global Rankings of Australian MBA Programs

2014201320122011Business School
16 14 27 46 University of Queensland
40 27 38 32 University of Melbourne
49 55 61 73 Macquarie University
- - 46 58 Curtin University

The Economist MBA ranking methodology covers a range of components grouped together within four categories. These categories with their weighting percentage and number of components are:

  • Open new career opportunities (35% - 4 components)
  • Personal development / education experience (35% - 12 components)
  • Increase in salary (20% - 2 components)
  • Potential to network (10% - 3 components)

Forbes Rankings of MBA Programs Outside America

Forbes' main MBA ranking focus is on the domestic American program offerings and it accordingly presents a separate MBA rankings table for MBA programs outside of the United States. The main emphasis of the Forbes rankings is on salary increase, years it takes for this increase to pay for the tuition, and the medium GMAT score.

AGSM was the only entrant In the latest round of the Forbes rankings of MBA programs outside of the United States, coming in at number 24.

Forbes Rankings of MBA Programs Outside the US

RankBusiness SchoolYears to PaybackMedian GMAT
24 AGSM University of New South Wales4.4 630

Share This Page:

Australian MBA Guide