One of Australia’s top business school, Macquarie Graduate School of Management (MGSM), has received the laurels accorded to it by the Financial Times’ Global MBA 2016 rankings.

In the top 100 list of global business schools, FT gave it the 68th rank.  Other business schools with campuses in France, Singapore and Abu Dhabi came at the top in FT survey. The selection was made from 157 business schools spread in 19 countries.

For MGSM, the seminal rankings are gracing it after a gap of five years. It is the first time since 2010 that MGSM has again reappeared in the FT’s global MBA rankings. Other Australian MBA Schools in the FT ranking include UNSW’s Australian Graduate School of Management and Melbourne Business School. They got ranks at 75 and 90 in the top 100 list resectively. Noteworthy is the fact that all the three Australian MBA schools have improved their 2015 rankings, reports The Australian Financial Review.

A number of factors have been taken into account in deciding the final ranking. They include gender balance, international spread of students and post-MBA salary. Meanwhile, QS Top survey in 2015 also highlighted the high salaries commanded by Australian MBA graduates. It has been found  that Australia is the salary leader within Asia Pacific and second in the world. In the “Jobs and Salary Trends Report,” QS covered 5,669 employers, including Commonwealth Bank, KPMG and Citibank, reports Business Insider.  The average salary of Australian MBAs at AU$115,600 was just behind Switzerland.

The high salaries of MBAs from Australia’s top business schools have been attributed to the strong demand from multinational employers. Adding to it is the strength of Australia’s top business schools in placing Asian candidates throughout the region.

The survey ranked following Australian business schools on the basis of salaries.

  • University of Queensland
  • Melbourne Business School
  •  La Trobe Business School
  • University of New South Wales, AGSM
  • Queensland University of Technology
  • Monash University
  • Sydney Business School
  • Australia National University
  • Bond University
  • University of Western Australia

Reflecting on the honour for MGSM, Professor Alex Frino, Dean of MGSM, said the high ranking as Australia’s top business school highlighted the school’s emphasis on alumni engagement and structural improvements in the MBA program.

“We have made significant innovations to our MBA program by increasing our number of global partnerships with leading institutions, attracting the best financial, business, management and leadership minds to our school and producing world-first research,” said Professor Frino.