Financial Review BOSS 2011 MBA Rankings
Every two years Financial Review BOSS conducts a survey of MBA programs. The 2011 Financial Review BOSS MBA survey ranked Australia’s top MBA programs based on a survey of alumni plus data from a questionnaire sent to participating business schools. The full results of the survey, plus our Business Education special, are published in the September 2011 issue of Financial Review BOSS. The next annual business education update is September 2012.
The table below lists the 19 schools that we ranked. For more information on how we conducted the survey, and further details about programs, see MBA and EMBA schools.
AFR BOSS SURVEY 2011 MBA RANKINGS |
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| Rank | School | 2011 tuition fee (full-time, domestic students) | Accreditations | Number of students enrolling in 2011 | % international students | % female students | Class contact hours for an entire course | Average class size (core subject) | Average class size (elective subject) | % teachers with PhD | % teachers with current business experience | Year MBA first offered |
| 1 | $64,000 | EQUIS, AACSB | 283 | 25.40% | 30.70% | 720 | 45 | 40 | 87.90% | 79.30% | 1963 | |
| 2 | $42,250 | EQUIS, AACSB | 87 | 9.80% | 26.20% | 504 | 24 | * N/A | 90.00% | 80.00% | 1972 | |
| 3 | $57,260 | EQUIS, AMBA | 38 | 7.90% | 15.80% | 576 | 45 | * N/A | 89.40% | 95.80% | 1968 | |
| 4 | $42,480 | EQUIS, AACSB,AMBA | 34 | 2.90% | 20.60% | 504 | 21 | 18 | 73.00% | 73.00% | 1989 | |
| 5 | $64,800 | EQUIS, AACSB | 46 | 63.00% | 13% | 686 | 43 | 17 | 72.10% | 83.70% | 1977 | |
| 6 | $28,368 | 43 | 19.00% | 40.00% | 432 | 20 | 15 | 82.80% | 41.40% | 1992 | ||
| 7 | $40,800 | EQUIS, AACSB | 144 | 11.10% | 43.10% | 468 | 40 | 20 | 75.00% | 83.00% | 1973 | |
| 8 | $43,260 | 52 | 67.30% | 46.20% | 533 | 25 | 10 | 88.50% | 69.20% | 1989 | ||
| 9 | $31,200 | EQUIS | 248 | 12.50% | 31.00% | 396 | 20 | 15 | 71.40% | 65.70% | 1980 | |
| 10 | $36,000 | AACSB | 30 | 16.00% | 32.00% | 432 | 25 | 15 | 72.40% | 85.00% | 1963 | |
| 11 | $30,864 | 532 | 31.20% | 35.00% | 432 | 39 | 39 | 86.40% | 54.50% | 1980 | ||
| 12 | $56,000 | 170 | 32.90% | 33.50% | 640 | 33 | 35 | 63.20% | 57.90% | 1969 | ||
| 13 | $37,020 | AACSB | 67 | 26.90% | 31.30% | 468 | 32 | 40 | 92.50% | 88.70% | 1992 | |
| 14 | $34,380 | 127 | 57.50% | 39.40% | 528 | 25 | 20 | 42.90% | 74.30% | 1994 | ||
| 15 | $36,720 | 227 | 46.30% | 42.30% | 432 | 30 | 30 | 70.40% | 74.10% | 1974 | ||
| 16 | $38,400 | 48 | 10.40% | 52.10% | 576 | 18 | 15 | 52.60% | 100.00% | 1989 | ||
| 17 | $31,488 | 15 | 33.30% | 33.30% | 504 | 3 | 3 | 94.70% | 5.30% | 1997 | ||
| 18 | $21,240 | 1604 | 79.10% | 40.00% | 468 | 25 | 15 | 78.90% | 13.20% | 1990 | ||
| 19 | Chifley Business School (distance education only) |
$19,140 (part-time) | 180 | 30.60% | 15% | N/A | N/A | N/A | 24% | 60% | 1989 | |
*Electives not offered #Top 19 rankings in 2011 are based on an alumni survey of graduates from 2008, 2009 and 2010 (55%) and a schools survey (45%). |
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Further details about schools
What distinguishes one school from another. Click here to download the details.
How we did it
Financial Review BOSS conducts its rankings of Australian MBA programs every two years. Research for the 2011 rankings was conducted by Financial Review Business Intelligence, based on data collected from April to August 2011. Results are based on two components. An alumni survey, worth 55 per cent, is based on satisfaction, improvement and value for money. A school score accounts for the remaining 45 per cent. In keeping with other international rankings, criteria includes accreditations, entry requirements and faculty qualifications, with an emphasis on academic degrees, current business experience of faculty, and research.
In contrast to some global MBA rankings, BOSS does not award points for salary increases, due to the high variability in pay nationally.
More than 1600 alumni who completed their MBA degrees in 2008, 2009 and 2010 completed the survey. Just over half of all respondents were in their 30s when they finished their MBA. Twenty-one schools participated in our survey; 19 made it into our rankings. Due to insufficient alumni responses, we were unable to include Murdoch and Wollongong universities.
We assessed EMBA programs separately for the first time, but only received enough alumni responses to include three schools in our initial ranking.
| Rank | School | 2011 tuition fees (domestic students) |
Accreditations | Number of students enrolling in 2011 |
% international students |
% female students |
Class contact hours for an entire EMBA course |
| 1 | Australian School of Business: AGSM | $62,090 | EQUIS, AACSB | 254 | 2% | 26% | 336 |
| 2 | UTS Business School | $47,712 | AACSB | 30 | 0% | 30% | 468 |
| 3 | RMIT Grad school of Business and law | $37,440 | 226 | 5% | 40% | 432 |
How Aussie schools rank globally
Here’s how our top business schools placed in international rankings released in the past two years:
- Financial Times 2011 global MBA rankings: Australian School of Business: AGSM (#35); Melbourne Business School (#53)
- The Economist 2010 global top MBAs: Melbourne Business School (#44); Monash University (#58); MGSM (#64); Curtin Graduate School of Business (#76); University of Queensland Business School (#81)
- Forbes 2010 best non-US MBA programs (two-year programs): Australian School of Business: AGSM (#9)
In their most recent rankings, the Financial Times and Forbes both judged the London Business School to be best in the world; while The Economist named the University of Chicago’s Booth Business School as top dog.
Alumni survey prizewinners
AFR BOSS thanks the alumni and schools who participated in 2011. From the 1600 alumni who submitted entries, we selected five prizewinners, who have been notified. The winners received gift vouchers, to the value of $500 each, from fashion retailer Herringbone.
Please direct any queries regarding the MBA rankings to boss@afr.com.au