FT MBA Rankings

The 2008 Financial Times MBA rankings are out (considered the most comprehensive in the world). Melbourne Business School is up a few places to 75. But more significantly (as it is based on what we are doing now rather than three years ago) is our research performance — now ranked at 49 in the world. The ranking is based on publications in a relatively short list of journals across different management fields. That puts us on a par with business schools at Oxford, RSM Erasmus University and Purdue University. Only LBS, INSEAD and Cambridge outrank us in Europe, and only HKUST in Asia-Pacific. We now outrank Darden (University of Virginia), McDonough (Georgetown University), Weatherhead (Case Western Reserve), Simon (University of Rocester) in the USA, Imperial College London, Manchester Business School and Warwick Business School in the UK and the Australian Graduate School of Management.

It wasn’t too many years ago that we were in the 90s in the research dimension but now it is our stand out feature. This had a lot to do with a change in the way we hired and fired faculty made over 6 years ago. We moved to a US-style system that required faculty votes on appointments and promotions. We also rejigged teaching loads. Not surprisingly, that naturally focused everyone on research and, in particular, research in top tier publications (two or three in each field). So now half our faculty have top tier publications and a third have one coming out next year. Just to get an idea, for economics, the American Economic Review, Journal of Political Economy and Econometrica are the ones counted in the FT (but I can also go for RAND and Management Science in strategy). So incentives and opportunities do work in academia.

3 thoughts on “FT MBA Rankings”

  1. Prof Gans

    I enjoy your blog. But an concerned about the MBA rankings commentary coming from MBS.

    Whilst it is an improvement that MBS moved up 4 places to 75, what hasn’t been mentioned was that AGSM moved up 10 places to 39!!!
    http://rankings.ft.com/global-mba-rankings
    http://rankings.ft.com/global-mba-rankings/australian-graduate-school-of-management

    In my opinion, there is still much work to be done for MBS to stop leveraging off a past reputation of prestige and match up to how the school is pitched to the Melbourne business and Melbourne University community.

    Furthemore I would be interested to understanding if a low ranking directly or indirectly limits the attractivenss of MBS compared to AGSM for student exchanges – which will limit student opportunities to go somewhere else. I note that Chicago GSM has not been on th elist for a couple of years now of potential exchange Unis.

    As alumnus of the Economics and Commerce faculty (I had you for a subject) of Melb Uni (I did Honours, but dropped out of my Masters of Commerce after one term). Wth the new “Melbourne Model” the faculty appears to be investing heavily in a Graduate School of Management. It would be interesting to understand how MBS sees itself against the GSM and what its response will be.

    Has MBS surveyed the key employers – particularly Finance and Consulting – in terms of their views about MBS v Melb Uni GSM with respect to desirability of employees? Corporate Finance firms and Investment Banks would be an interesting group to ask.

    This is a bit of a rant, but it is something I am quite passionate about as a current part time MBS student with a management consulting and corporate development backgrounfd who is not being challenged by the core course materials.

    As a very senior and prominant professional with experience at both schools, your thoughts would be most interesting and valued.

    Kind regards – many thanks
    Michael

    Like

  2. The ranking of these unviersities is like a guarantee for student once he finishes MBA studies. The ranking is based on publications in a relatively short list of journals across different management fields. The most important one are Oxford, RSM Erasmus University and Purdue University. Only LBS, INSEAD and Cambridge outrank us in Europe, and only HKUST in Asia-Pacific.

    regards
    Estela

    Like

Comments are closed.