6 October 2005
Monash University's Master of Business Administration (MBA) has placed among the world's best in the Economist Intelligence Unit's 2005 MBA rankings.
At 59th in the world, Monash's MBA was the highest ranked in Australia and the second highest in Asia, behind the University of Hong Kong in 45th place.
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.
Monash's MBA was ranked sixth in the world in the 'personal development and educational experience' category, ahead of Yale, London and Chicago universities.
Other universities in the top 10 for this category included Stanford, Northwestern (Kellogg), Dartmouth (Tuck), New York (Stern) and INSEAD.
Monash's MBA director, Associate Professor Peter Reed, said the result consolidated Monash's position as a world-leader in the MBA market.
"Monash has performed consistently in recent MBA rankings, leaving no question about the quality of our program," he said.
The Economist ranking builds on the program's success in the Australian Financial Review BOSS Magazine's MBA rankings for 2005, announced earlier this month.
In those rankings, Monash's MBA was classed in the top band, of a possible four bands, with the Melbourne Business School, the University of Queensland, the Australian Graduate School of Management and Queensland University of Technology.
"These rankings demonstrate the strength of Monash's reputation and the advantages of studying at Monash," Associate Professor Reed said.
For further information contact Ms Natasha Whalley, Media Communications on +61 3 9905 9201 or 0437 458 457 or Ms Jacqui Golding, Faculty of Business and Economics on +61 3 9903 2265.
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