Why one university stands out
When it comes to rankings, a few universities are certain of coming out on top. The sandstone, research-intensive, inner-city, mega universities, that have the weight of history and reputation on their side, can be counted on making their mark on both local and international league tables.
In the AFR BOSS Best Business Schools ranking for 2023, five Group of 8 universities are in the top 10 for overall performance. Which is to be expected.
Less so, is the appearance alongside them of Queensland University of Technology, Macquarie, the University of South Australia, Deakin and Curtin – upstarts in university terms given the relatively short lifespan of each.
Certainly, the one university that stands out in this year’s ranking is the University of South Australia, which catapulted from 31st position last year to equal sixth in 2023.
It was propelled by a 33-place gain in the quality category, up 10 places for career outcomes, and held steady at 13th for reputation. It will be interesting to see what 2024 brings.
Over the decades, business schools have sought to reimagine their relevance to the modern world; to make current what is intangible and fleeting; how to make the world a better place from a viewpoint of education and intellect.
Just as UniSA turbocharged an exponential rise on the back of quality, this is also where we can see the biggest turbulence, although the reasons are not immediately clear.
Maybe it is the way schools were stewarded through the pandemic. Maybe it is the ebb and flow of student experiences as new cohorts engage with new curricula and direction.
Perhaps, even, it is the influence of last year’s AFR Best Business Schools rankings which is reshaping how students and graduates engage with and reflect on their education.
While MBAs and other executive leadership programs are expensive, for the majority of students, in addition to boosting professional knowhow they also offer access to professional networks, better job opportunities, and a bigger remuneration packages.
Some of these benefits will be immediate, manifesting even before graduation, but others may take a few years to come to fruition.
Given the amount of time, money, and effort that an MBA really requires, anyone contemplating one needs to give some serious thought about how it fits into your life goals before making the commitment.
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