September 27 2007
Monash University's Graduate School of Business (GSB) has reaffirmed its position as one of the top Master of Business Administration (MBA) providers in the world following today's release of the Economist Intelligence Unit's 2007 MBA rankings.
The Economist Intelligence Unit, the business information arm of the The Economist magazine, each year identifies the world's top 100 business schools by surveying MBA students, graduates and the schools themselves.
The Monash MBA was placed second in the world in the category 'personal development and educational experience'.
Overall Monash was ranked 43rd in the world, the highest ranked MBA in Australia, an improvement of six places from 2006.
No other Australian Business School made the top 50. The Monash MBA was even ranked ahead of institutions like INSEAD and Yale in the 'personal development and educational experience' category.
Professor Gill Palmer, Dean of the Faculty of Business and Economics, said she was delighted with this year's result which confirmed Monash's position as a world-leader in the MBA market, particularly in personal development. She said the MBA continued to consolidate its high ranking which recognized the pursuit of excellence in graduate outcomes.
Director of the MBA program Professor Peter Reed also welcomed the release.
"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 Reed said.
Director of the Monash GSB Professor Julian Teicher said the result for the MBA demonstrated the overall strength of the Monash GSB, the ability for the course 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."
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. The Economist Intelligence Unit ranks full-time MBA programs on their ability to deliver these elements to students.
For further information, contact Peter Reed, Director MBA on +61 3 9903 1807.
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