Melbourne Business School improves 23 places in FT rankings
Jan, 2009
The Financial Times (U.K.) has ranked Melbourne Business School and its full-time MBA program, No. 52 in its 2009 global MBA ranking.
That's an improvement of 23 places since last year.
MBS was also rated by recruiters as one of the top two business schools in Asia Pacific by recruiters, according to QS TopMBA.
It surveyed where recruiters prefer to recruit their MBA graduates.
"The school did very well in job placement results, percentage of international students, improvements in graduate salaries and research quality," says Melbourne Business School Dean John Seybolt. "All of our work is paying off and I expect this trajectory to be carried forward into the future."
"While many of the metrics track what happened three years ago, one of them, which is a leading indicator of the future, is how we're placing our students this year. We placed 96% of our students within three months of graduating, a better result than any of the top 10 schools."
"Up to 70% of our students are employed before they finish their MBA, mostly through their internship program. We attribute these successful results to the introduction two years ago of the most extensive careers services centre of any school in the Asia Pacific.
"The internship program is organized through the career centre and apart from being an excellent experience for the student, most get offered jobs before they leave their intern placement."
Another strong result was the high level of international students in each class. Professor Seybolt notes that at 90% this highlights the depth of cultural diversity in the MBA classrooms, which he says is what employers are seeking.
He adds that diversity is maintained both in the student cohort by the admissions processes and also in the faculty body.
"We are particularly delighted with our FT research ranking of 50. The ranking reflects the outstanding quality of the MBS faculty, who bring their unique knowledge and a commitment to learning into the MBA classroom," he says.
"These rankings follow from the strong places that the school has had in virtually all the global programs rankings for which it is eligible in this past year: the Economist worldwide ranking of #26 for the full-time MBA program, the Financial Times worldwide ranking of #40 for the School's executive education programs, and the Financial Times worldwide ranking of #45 for the Executive MBA program."
The Financial Times rankings take into account a number of criteria: alumni salaries and career development, the diversity and international reach of the business school and its MBA programs, and the research capabilities of each school. It surveys graduates three years after they have completed their degree to assess the effect of the MBA on their career and salary growth.
