The MBA degree from Macquarie Graduate School of Management (MGSM) has been included in the world's top 50 for the first time.
And, for the third year running, MGSM's degree is the highest ranking Australian MBA. It rose to 49th place in the Financial Times 2017 global MBA ranking, up from 56th last year.
All three Australian business schools whose MBA are named in the FT's top 100 in 2017 improved their ranking compared to last year.
Close behind MGSM is the MBA from the Australian Graduate School of Management (AGSM) which rose to 54th place from 66th last year.
And the Melbourne Business School MBA came in at 76th place, compared to 87th last year.
MGSM said on Monday that its ranking success is being reflected in enrolments, with a 15 per cent increase in student numbers in 2016.
"Our students are constantly benchmarking with other schools and ultimately they know where to go for the very best in graduate business courses," said Norma Harrison, MGSM's acting dean.
AGSM is part of UNSW Business School and its dean, Chris Styles, said their current cohort of MBA students proved "AGSM continues to attract the best and brightest aspiring business leaders from around the world".
"Through our MBA program, an executive education program that is sought by Australia's C-Suite executives, and our exchange partnerships with top business schools, the AGSM continues to affirm its global reputation," Professor Styles said.
Changes pay off
Melbourne Business School dean Zeger Degraeve said that changes made at his school since 2012 were paying off.
"For example, since 2012 the average GMAT score for our full-time MBA students has increased from 635 to 705, and we're placing more students in careers at leading firms, such as McKinsey, Uber, Microsoft, EY, Intel and Bain & Company," he said.
"We've also increased the size of our faculty by 28 per cent and are growing our degree program enrolments."
For the second year running international business school INSEAD has topped FT's global MBA ranking.
The FT ranking is based on a number of parameters including: MBA graduates' salary level, and improvement in salary, three years after graduation; value for money; the business school's research ranking; and MBA alumni recommendations.
Financial Times 2017 Global MBA Ranking
1. INSEAD
2. Stanford Graduate School of Business
3. The Wharton School: University of Pennsylvania
4. Harvard Business School
5. Judge Business School: University of Cambridge
49. MGSM
54. AGSM
76. Melbourne Business School
