The most expensive and prestigious business schools don’t always deliver the biggest bang for your buck, according to The Good Universities Guide to MBAs 2014.
Released today, the Guide rates MBAs and the business schools that offer them in order to assist prospective MBA students as they sift through their options in the highly branded management education market.
For example, three universities received strong four-star ratings for ‘Corporate Links’, despite offering MBAs in the ‘low’ fee range, including James Cook University ($27,000), Swinburne University of Technology ($30,000) and Victoria University ($30,535).
These four-star ratings are on par with those of the prestigious Australian Graduate School of Management and Macquarie Graduate School of Management, which boast a similarly high number of corporate links but have MBA fees in the ‘very high’ range, at $71,040 and $62,080 respectively.
On the other hand, the Australian National University’s College of Business and Economics received only one star for ‘Corporate Links’, despite its MBA fees sitting in the ‘high’ category, at $47,168.
These findings suggest that lower-fee MBAs and business schools are capable of achieving ratings that match or exceed those with higher fees, disproving the common perception that you always get what you pay for in the MBA realm.
The Good Universities Guide’s data manager, Ross White, said that prospective MBAs need to consider how much their MBA costs and ensure that the ratings achieved by the business school and MBA are strong enough to justify the expense.
“The world of MBAs is one of brand and prestige, where a business school’s name and reputation is everything. But with so many strong brands competing for your hard-earned dollar, we believe that it’s well worth investigating how each course and institution performs,” Mr White said.
“Rather than reviewing each institution individually and risk being misled by their promotional material, our ratings compare MBAs and business schools against each other in areas that actually matter to prospective MBAs, such as corporate links, staff qualifications, graduate destinations and student cohorts.”
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About The Good Universities Guide
Considered the most comprehensive and independent source for information on higher education in Australia, The Good Universities Guide features institution performance ratings across numerous student-relevant criteria, in-depth industry analysis and constructive editorial that provides overall direction for choosing the right MBA course and provider.
Makayla Daglish | M 0437 302 674 | E firstname.lastname@example.org