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#Australian MBA Rankings Australia 2015

There are a number of different ranking systems for the Australian MBA programs including listings in the global world MBA rankings and other domestic rankings with a local approach. Most of these involve an analysis of various components relating to a mixture of objective factors such as business school metrics and graduate outcomes and also more subjective factors relating to the student experience. However there is an ongoing problem in determining which is the top MBA in Australia or even the best Australian MBA because of the metrics used and how the criteria for assessment relates to a prospective student's particular requirements in pursuing this form of postgraduate business studies.

FT (Financial Times) Global MBA Australian rankings

The Australian MBA programs provided by AGSM and MBA have dominated the only Australian entries listed in the FT (Financial Times) Global MBA Australian rankings for a number of years. This is generally due to the way these MBA programs rate in the various categories including weighted salary, salary increase, and research output, discussed in more detail below.

University of Melbourne

The FT (Financial Times) Global MBA rankings is one of a set of international rankings conducted by the media entity. The Global MBA FT ranking system focuses the ranking on objective criteria rather than on alumni responses, but the problem is that a very high weighting is giving to alumni salary and this skews the results towards countries and cities with higher rates of pay for MBA graduates. FT attempts to deal with this problem by applying purchasing power parity to salaries (PPP), but it is not clear how well this achieved.

The main criteria used in the rankings (with the percentage weighting in brackets) are:

Weighted salary (20): average alumnus salary three years after graduation Salary increase (20): average difference in alumni salary before the MBA to now FT research rank (10): from the number of research articles published in approved publications

Other factors used in the rankings include: Value for money (3), Career progress (3), Aims achieved (3), Placement success (2), Employed at three months (2), Alumni recommend (2), Female faculty (2), Female students (2), Women board (1), International faculty (4), International students (4), International board (2), International mobility (6), International course experience (3), Languages (1), Faculty with doctorates (5), and FT doctoral rank (5).

Latest BOSS AFR Australian MBA Rankings

The Boss / Australian Financial Review AFR Australian MBA rankings have become a popular reference source partly owing to their promotion through Fairfax Media. The rankings are released on a biennale basis and rely on business school and alumni participation for completion. The key features of the ranking system are:

Schools that participate can earn a maximum of 100 points. 55 points based on responses from alumni who have graduated within the past three years. 35 points based on data provided by the schools 10 points allocated to research output based on Excellence in Research Australia