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Graduates Give China and India Top Marks

By Anna Patty Education Editor
Sydney Morning Herald -
Published: January 29, 2008

BUSINESS schools in China and India have topped the rankings in the Asian section of the latest survey of the top 100 global business schools.

The Australian Graduate School of Management , based at the University of NSW, came in fourth in the region and was ranked 39th in the world.

The annual global listing by the British newspaper the Financial Times was released yesterday and is dominated by US business schools.

The University of Pennsylvania's Wharton school topped the survey, followed by the London Business School, Columbia in New York, Stanford in California and Harvard Business School in Boston. The China Europe International Business School - with campuses in Shanghai, Beijing and Shenzhen - was the first in the Asia Pacific region to appear on the table, in 11th position. It was followed by the Hong Kong UST Business School in 17th position and Hyderabad-based the Indian School of Business in 20th.

The Australian Graduate School of Management improved its global ranking from 49th last year to 39th this year.

The director of the school, Chris Adam, said he was pleased with the improvement. "We are clearly doing better than many, and we are competing with Harvard and many others."

The only other Australian institution in the top 100 is Melbourne Business School, in 75th position, four rungs up on last year.

The table was based on surveys of students who graduated from Masters of Business Administration programs in 2004. The surveys polled the starting salaries of graduates, student satisfaction with the courses and how much salaries increased three years after finishing.

Those who attended the Australian Graduate School of Management started on an average salary of $US122,349 ($139,183), which increased by an average of 96 per cent over the following three years.

The University of NSW and the University of Sydney jointly ran the school when the survey was taken in 2004. After a difficult six-year relationship, the arrangement was terminated in 2005 when the University of Sydney withdrew from the graduate management school.

World Leaders

1. Wharton University of Pennsylvania

2. London Business School

3. Columbia Business School, New York

4. Stanford University, California

5. Harvard Business School

6. Insead (France/Singapore)

7. MIT Sloan, Massachusetts

8. IE Business School, Spain

9. University of Chicago

10. Cambridge University

- - - - - - - - - -

39. Australian Graduate School of Management

Source: Financial Times

MBA rankings 2008

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