AGSM MBA Program was today ranked as the leading full-time MBA program in Australia and 35th in the world in the Financial Times (UK) 2011 ranking of the top 100 MBA programs globally.
This is the 12th consecutive year the AGSM MBA Program, which is delivered by the Australian School of Business at the University of New South Wales, has ranked in the top 100 MBA programs worldwide. It is also the fifth year running it has ranked in the world's top 50 MBA programs.
Professor Alec Cameron, Dean of the Australian School of Business, said the ranking confirmed the strength of the AGSM MBA program. "While the overall rank improved from 36th in 2010 to 35th this year, there was considerable improvement in two particular areas – the extent to which alumni achieved their aims for doing the MBA, and career progress. The rank for ‘aims achieved' improved from 48th last year to 11th this year, and career progress of AGSM alumni increased from a rank of 43rd in 2010 to 12th this year."
The Financial Times surveyed MBA alumni who graduated three years ago, so AGSM MBA alumni who graduated in 2007 participated in the current survey. For 2010, these alumni earned an average salary of US$123,520 representing a 99% increase of their average salary over the three years since graduation, compared with their pre-MBA salary.
Last week marked the arrival of new students starting in the full-time AGSM MBA class of 2012.
Professor Chris Adam, Associate Dean of Postgraduate Programs at the Australian School of Business said: "The latest Financial Times rankings consolidate the AGSM MBA's position as a truly global leader in management education and business leadership development - this enables us to attract high calibre students from around the world to Sydney. The calibre of our new students is borne out by their GMAT (Graduate Management Admission Test) scores, which are the highest for many years.
"This year's full time AGSM MBA class members come from 19 countries, many different industries, and have an average of seven years of work experience. They provide a high quality and richly diverse resource for learning from each other as well as from our teaching staff."
The 2011 Financial Times MBA rankings show The Wharton School and London Business School as the world's leading MBA programs, followed by Harvard and Stanford.
Overview of AGSM MBA ranking on the Financial Times website