Macquarie University’s Macquarie Graduate School of Management (MGSM) MBA has come in seventh in a new global ranking of programmes based on the increased salary of graduates.
The Macquarie MBA, with a average post-MBA salary of $US120,945, beat out the prestigious Columbia Business School and the University of Chicago’s Booth Business School.
The new ranking by The Economist magazine takes into consideration two data points: the overall average salary, excluding bonuses, that MBA graduates receive when they re-enter the workforce (which makes up the majority of the weighting) and the percentage increase in post-MBA salary compared with candidates’ pre-MBA income (see methodology).
“Students do not want to spend upwards of $100,000 on an MBA, only to find that their paypacket barely increases at the other end of it,” the report said.
HEC Paris ranked number one for boosting graduates’ earnings. Post-MBA salaries were 153% higher than on entering the programme, the second-highest of all schools surveyed. And at $121,080, the average post-MBA salary was also in the top 10.
Traditiopnal MBA powerhouses, including Harvard, Stanford and MIT, all made the top 15. North America dominates the listings with 11 of the top 15 schools are in the United States. Three (HEC Paris, IESE and IMD) are in Europe, while one school from Asia-Pacific —Macquarie — rounds out the list.
