Macquarie Business School

Macquarie Business School is a constituent body of Macquarie University, in Sydney, New South Wales, Australia.

Macquarie Business School
TypePublic
Established1969
DeanProfessor Eric Knight[1]
Academic staff
40+
Students900+
Location,
CampusMacquarie, Sydney CBD
AffiliationsMacquarie University
Websitewww.mq.edu.au/macquarie-business-school

Macquarie Business School (MQBS) is a highly ranked business school originally established as the Macquarie Graduate School of Management (MGSM) and the Macquarie Applied Finance Centre (MAFC). Macquarie Business School is the focal point for all business, management, economics research and education at Macquarie University.[2]

It is consistently ranked among the top 100 business schools in the world and offers a prestigious MBA program. In 2020, CEO Magazine ranked Macquarie Business School’s Global MBA as #6 in the world and #1 in Australia.[3]

Programs

Macquarie Business School's key program is its MBA. The MBA differs to many business schools, in that the same MBA is delivered to both full-time and executive students.[4] The MBA consists of 16 units of study, 10 of which are compulsory, core subjects, and the remaining six are electives.[5]

Other coursework programs draw from the subjects offered through the MBA, such as the Master of Management, and a postgraduate diploma. The Master of Management is designed for students who have recently graduated from an undergraduate degree from any disciplinary background and who are looking to build up their skills and experience for a career in business management or management consultancy.

The school also delivers short-term Executive Education Programs and customised degree or non-degree programs for organisations in the areas of leadership, management, interpersonal skills innovation and neuroscience.

Research

The Macquarie Business School known for its research in business, management, and economics. The school’s research aims to address some of society’s biggest challenges.

The school’s research has been recognised for its impact by both industry and academia. Its interdisciplinary and innovative insights have helped companies, governments, and not-for-profit organisations transform their respective sectors for the public good.

The school’s research focuses on several key areas, including health and social care[6], sustainability[7], data and analytics[8], and markets[9]. The school has several research centers that impart expertise across industry sectors.[10]

History of Macquarie Business School

MGSM Entrance

Macquarie Business School began life as the Centre for Management Studies (CMS) within the school of Economic and Financial Studies at North Ryde, Sydney, Australia in 1969. CMS began offering a Graduate Diploma in Business Administration in 1970 and in 1972 it offered a three year, part-time Master of Business Administration (MBA). In early 1980, CMS developed its own identity as the Graduate School of Management (GMS); it remained within the School of Economic and Financial Studies.

In the mid-1980s the GSM Advisory board recommended GSM should have a separate identity and its own separate dedicated teaching facility. Funds were raised to build the campus from the late 1980s and during the 1990s.

GSM moved to a 40-week teaching term, four-term year in 1989–1990 and this enabled the development of a 16-unit MBA which could be completed in two years' part-time. Master of Arts programmes were developed and later replaced by Master of Management programmes. GSM went offshore and began delivering programmes in Singapore in 1992 and in Hong Kong in 1994.

Until 1998, MGSM consisted of two institutions, the GSM and MGSM. At this time the board decided to integrate the school and the new entity became known as MGSM. The Sydney CBD campus was opened in 2000. MGSM launched its Online Interactive Study option in Term one of 2013.

In early 2009, the Deputy Vice Chancellor Macquarie University undertook a major review process of MGSM which decided that the school should retain its autonomy.[11] A later review merged the MGSM into the Macquarie Business School from 2019.[12]

Reputation and profile

MBA and management programs are accredited by AACSB International—The Association to Advance Collegiate Schools of Business. 687 schools of business,[13] or less than 5% worldwide, have this accreditation.[14]

Rankings of MGSM (prior to merging with the Business School):

Year Ranking Source[15][16] Ranking Category Ranking
2016 Financial Times 'MBA ranking' Australia 1
2016 The Economist 'Which MBA' Overall 46
2015 Financial Times 'MBA ranking' Australia 1
2015 The Economist 'Which MBA' Overall 28
2015 The Economist 'Which MBA' Asia-Pacific 3
2014 The Economist 'Which MBA' Overall 49
2014 The Economist 'Which MBA' Asia-Pacific 5
2014 The Economist 'Which MBA' Australia 3
2014 The Economist 'Which MBA' New South Wales 1
2013 The Economist 'Which MBA' Overall 55
2013 The Economist 'Which MBA' Asia-Pacific 5
2013 The Economist 'Which MBA' Australia 3
2013 The Economist 'Which MBA' New South Wales 1
2013 AFR Boss MBA Rankings N/A 6
2012 The Economist 'Which MBA' Overall 61
2012 The Economist 'Which MBA' Asia-Pacific 6
2012 The Economist 'Which MBA' Australia 4
2012 The Economist 'Which MBA' New South Wales 1
2011 The Economist 'Which MBA' Overall 73
2011 The Economist 'Which MBA' Asia-Pacific 7
2011 The Economist 'Which MBA' Australia 4
2011 The Economist 'Which MBA' New South Wales 1
2011 AFR Boss MBA Rankings N/A 12
2010 The Economist 'Which MBA' Overall 64
2010 The Economist 'Which MBA' Asia-Pacific 5
2010 The Economist 'Which MBA' Australia 3
2010 The Economist 'Which MBA' New South Wales 1
2009 The Economist 'Which MBA' Overall 55
2009 The Economist 'Which MBA' Asia-Pacific 4
2009 The Economist 'Which MBA' Australia 2
2009 The Economist 'Which MBA' New South Wales 1
2009 AFR Boss MBA Rankings N/A 3

Alumni

There are more than 16,500 members of the Alumni Community, situated in over 135 countries around the world.[17] Notable alumni include Andrew Scipione, NSW Police Commissioner.

References

  1. "Executive Dean: Professor Eric Knight". Macquarie University. Retrieved 21 April 2023.
  2. "About". Macquarie University. Retrieved 19 May 2023.
  3. "About". Macquarie University. Retrieved 19 May 2023.
  4. "Master of Business Administration (MBA)". mgsm.edu.au. Retrieved 29 August 2013.
  5. "Master of Business Administration (MBA)". mgsm.edu.au. Retrieved 29 August 2013.
  6. "Health and social care". Macquarie University. Retrieved 19 May 2023.
  7. "Sustainability". Macquarie University. Retrieved 19 May 2023.
  8. "Data and analytics". Macquarie University. Retrieved 19 May 2023.
  9. "Markets". Macquarie University. Retrieved 19 May 2023.
  10. "Our research". Macquarie University. Retrieved 19 May 2023.
  11. "Macquarie Graduate School of Management stays autonomous". theaustralian.com.au. 20 May 2009. Retrieved 29 August 2013.
  12. Dodd, Tim (22 November 2017). "Macquarie merger angers MBA alumni". The Australian. News Limited. Retrieved 21 April 2023.
  13. "Accredited Institutions". AACSB International. Archived from the original on 10 September 2012. Retrieved 16 November 2013.
  14. "AACSB Accredited". AACSB International. Retrieved 2 December 2013.
  15. "Which MBA?". The Economist. 30 October 2009. Retrieved 16 November 2013.
  16. "Boss 2013 MBA Rankings". The Australian Financial Review. Retrieved 16 November 2013.
  17. "MGSM Alumni Community". MGSM Alumni. Archived from the original on 2 December 2013. Retrieved 2 December 2013.
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