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Monash MBA improves on its world-class ranking

3 October 2007

 

The Graduate School of Business (GSB) has re-affirmed its position as one of the top Master of Business Administration (MBA) providers in the world following the release of the Economist Intelligence Unit's 2007 MBA rankings.

The Monash University MBA was placed second in the world in the category 'personal development and educational experience'. Overall, the course was ranked 43 in the world, the highest ranked MBA in Australia, an improvement of six places from its 2006 position.

No other Australian Business School made the top 50.

The Economist Intelligence Unit, the business information arm of The Economist magazine, each year identifies the world's top 100 business schools by surveying MBA students, graduates and the schools themselves.

The schools are ranked on four indicators of why students undertake an MBA: to open new career opportunities and/or further current career; personal development and educational experience; to increase salary; and the potential to network.

Professor Gill Palmer, Dean of the Faculty of Business and Economics, said she was delighted with this year's result, which confirms the University's position as a world-leader in the MBA market, particularly in personal development.

"The MBA continues to consolidate its high ranking which recognizes the pursuit of excellence in graduate outcomes," Professor Palmer said.

"Over and above the intellectual knowledge that is gained by studying an MBA, the Monash program also maximises leadership capabilities."

"The program underpins the formal MBA curriculum providing participants in the program with opportunities for personal and professional development," Professor Peter Reed, director of the MBA program said.

Professor Julian Teicher, director of the Monash GSB, said the result for the MBA demonstrated the overall strength of the Monash GSB and its ability to provide students with an outstanding educational experience and the program’s long-term investment in personal development.

"This is the key to business effectiveness in a global era and shows the capacity of a large well-resourced GSB to focus on providing a highly ranked global competitive MBA," Professor Teicher said.

"The MBA has long been the jewel in the crown of the GSB and the news of the improved ranking of the MBA is an affirmation of the quality of the program."