An annual ranking of Australia’s MBA courses has revealed a new winner in 2017 – while the nation’s most expensive course has seen its ranking slide.
According to The Australian Financial Review’s ‘BOSS’ magazine, The University of Sydney Business School is the number one MBA program in the country – the first time it has achieved top spot in the ranking which is being compiled every year since 2003.
As well as taking out the overall ranking, it has also come out on top in terms of student satisfaction.
“We have found that many MBA programs, which can cost upwards of $60,000, are undergoing extreme makeovers, with greater emphasis on creativity, critical analysis, interpersonal relationships and a systems approach to problem-solving,” said Joanne Gray, editor of ‘BOSS’ and leadership at The Australian Financial Review.
“These courses are very different to the norm of 20 years ago, when traditional subjects such as accounting, marketing and organisational change were the focus.”
UQ Business School at the University of Queensland ranked second, while Melbourne Business School slipped to third. Interestingly, despite being the most expensive at $85,470, Melbourne Business School is deemed to have the best value for money.
The respective business schools of Griffith University and the University of Adelaide have rounded out top five in the ranking of 15 institutions.
The ranking of executive MBAs is much shorter, with only six schools on the list. At the head of the list is QUT Graduate Business School.
It beat out Melbourne Business School and the University of Sydney Business School to lead the table.