12 October 2006
Monash University's 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 2006 MBA rankings.
The Monash MBA was placed third in the world in the category 'personal development and educational experience'. Overall it was ranked 49th in the world, the highest ranked MBA in Australia, a jump of 10 places from its 2005 position.
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 this year's result confirmed Monash's position as a world-leader in the MBA market, particularly in personal development. She congratulated MBA director Professor Peter Reed for the program's consolidated performance in recent rankings, in contrast to many of its competitors.
Professor Reed said he was pleased about the recognition of personal development at Monash.
"Our unique leadership program focuses on personal and professional development," he said. "Our MBA program is designed as a first step in a continuous process of self-development for students. It includes psychometric testing and workshops designed to enhance personal attributes including communication skills, analytical skills and teamwork. It also helps students enhance their critical thinking, problem solving and interpersonal skills."
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.
The Monash MBA program has recently been awarded accreditation by the Association of MBAs (AMBA). MBA programs are accredited by AMBA at more than 100 institutions in more than 40 countries. The Monash MBA is the third such program in Australia to be recognised by AMBA.
For further information contact Ms Jacqui Golding, Faculty of Business and Economics, on +61 3 9903 2265.
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