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University of Queensland’s MBA tops the region

University of Queensland's business schoolA Steller performance by the University of Queensland’s business school in the latest Economist MBA rankings has taken it to 27 in the world, and first in Australia and in the Asia- Pacific.

It pipped rival and last year’s winner, Melbourne Business School at the University of Melbourne, which was second in the local league table and in the Asia-Pacific, at 38.

Curtin Graduate School of Business was 46, third locally and fourth in the region and Macquarie Graduate School of Management, 61, was fourth locally and sixth in the region.

Commentary in The Economist said the US had made it more difficult for foreign students to work in the country after the graduation.

“The countries doing well out of America’s closing doors and high costs are Canada and Australia. Australia recently ditched its own strict policy on student visas in favour of a more welcoming approach. And Canada has perhaps gone further than any country in wooing overseas students.”

Dean of Queensland’s school Andrew Griffiths attributed its second big leap in two years, in part to more alumni responding to The Economist’s survey which forms part of the methodology, so that salary hikes following completion of the degree were registered.

This in turn was because the school has stepped up its engagement with alumni in the past four years. “The crucial part about this is really the wages our graduates get and the alumni and their response,” Professor Griffiths said.

“We have had deans actively engaging with alumni, treating them well. Australian universities haven’t been particularly good at cultivating their alumni, we’ve really picked that up in the past couple of years.”

He said introducing a one-year full-time MBA, four years ago had contributed to the school’s performance and acknowledged the role of the mining sector in the elevated salaries of graduates.

“Places like Queensland and Western Australia have been beneficiaries of the resources boom at a time when global markets have been constrained. A lot of the people who come into our program have a connection to the resources sector globally.”

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