AGSM MBA ranked top in Australia in prestigious Forbes ranking

Thursday, 11 August 2011  Features

The Australian Graduate School of Management (AGSM) MBA Program at the Australian School of Business has been ranked as the leading full-time MBA in Australia, and number 9 world-wide among non-US programs in the prestigious Forbes biennial rankings.

The AGSM MBA was the only Australian program to make the list of the world's top MBA programs.

The Forbes ranking measures the financial return on investment gained by completing an MBA. Forbes magazine sent surveys to 16,000 MBA graduates from 2006 and arrived at the ranking by comparing their earnings in the five years since they graduated to determine their five-year salary gain, allowing for tuition fees and foregone salary, to calculate return on investment.

Professor Alec Cameron, Dean of the Australian School of Business at the University of New South Wales said: "This result reinforces the impact and reputation of the AGSM MBA as Australia's leading MBA program.

"AGSM MBA graduates had an average pre-MBA salary of US$59,000. Five years after graduation their average salary was US$181,000. Graduates only needed 4 years to break even on their investment after taking into account tuition fees and foregone salary.

"The AGSM MBA Program has gone from strength to strength. This year it was again ranked by the Financial Times (UK) as the leading full-time MBA in Australia, with a ranking of 35th in the world. It continues to attract a diverse group of highly talented students who are sought after by employers in a range of sectors. 81% have either found employment or have received job offers within three months of graduation. Despite tough economic conditions most of the students who will graduate this year already have guaranteed employment in Australia or overseas," he said.

Professor Cameron observed that world-class MBA degrees have stood the test of time. "The MBA is a valuable general management qualification for those seeking career advancement or a change in career. High calibre MBA programs such as the AGSM MBA continually innovate to ensure they meet changing market and social conditions, maintaining their high return on investment for alumni."

For the full results, please see the Forbes website.