Macquarie Business School Explained

Macquarie Business School
Established:1969
Dean:Eric Knight[1]
Students:900+
Faculty:40+

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

MQBS is a highly ranked business school originally established as the Faculty of Business and Economics. The 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 Master of Business Administration (MBA) program. In 2020, CEO Magazine ranked Macquarie Business School's Global MBA as No. 6 in the world and No. 1 in Australia.[3]

History

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 1980, Macquarie University's Applied Finance Centre (MAFC) was established and only a few years later, CMS developed its own identity as the Macquarie Graduate School of Management (MGSM); 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 programs were developed and later replaced by Master of Management programs. GSM went offshore and began delivering programs in Singapore in 1992 and in Hong Kong in 1994.In 1998, the board decided to integrate the school and merge GSM and MGSM under the MGSM name. 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.[4] A later review merged MGSM and MAFC into the Macquarie Business School from 2019.[5]

Programs

Macquarie Business School offers a diverse selection of programs catering to undergraduate and postgraduate students, along with Master of Business Administration (MBA) and executive courses and higher degree research. The school ranked number 1 in Australia for Master of Marketing: QS Business Masters Rankings 2023, ranked number 1 in Australia for Master of Applied Finance: QS Business Masters Rankings 2023 and is in the top 100 MBA's worldwide.[6]

The MBA and Executive programs at Macquarie University's Macquarie Business School provide experienced professionals with the skills and knowledge to excel as business leaders. The school offers acclaimed programs such as the Master of Business Administration, Global Master of Business Administration (GMBA), and Master of Applied Finance (MAF), as well as short courses. The MBA focuses on contemporary business skills, while the Global Master of Business Administration offers flexible online learning. The Master of Applied Finance is designed for the financial sector. The school is ranked highly in various QS Rankings and has a global alumni network.[7]

Macquarie Business School offers higher degree research (HDR) programs for students seeking to explore their areas of interest through self-directed research. The programs include the PhD, MRes, and MPhil[8]

Organisation

The Executive Dean of the Macquarie Business School is Professor Eric Knight. MQBS exists of six departments.

Department of Marketing[14]

Research

The Macquarie Business School is a globally significant centre for research in business, management, and economics, conducting world-leading research to solve society’s biggest challenges.

Research with impact

The school's research has been recognised for its impact by both industry as well as other world-leading academics. Its interdisciplinary and innovative insights have helped companies, governments, and not-for-profit organisations transform their respective sectors for the public good.

The schools research focuses on health and social care,[15] sustainability,[16] data and analytics,[17] and markets.[18] The school has several research centers that impart expertise across industry sectors.[19]

As a leading research institution, the school's priority is to engage, exchange knowledge and produce applied and impactful research. With our first-class researchers, MQBS has produced students executing impactful research and developing strong intellectual capability.

Facilities

With ground-breaking facilities such as the Finance Decision Lab, an immersive experience that combines world-class financial and business analytics with real market data to demonstrate the impact of finance decisions and the Vernon L. Smith Experimental Economics Laboratory, the home of cutting-edge experimental research and teaching in economics and social science, the Macquarie Business School has been at the forefront of cross-disciplinary research.

Partnerships

The Macquarie Business School has partnered with:

Professional Accreditation

MBA and business programs are accredited by The Association to Advance Collegiate Schools of Business (AACSB). The longest-serving global accrediting body, only 687 schools of business,[20] or less than 5% worldwide, have this accreditation.[21]

Accounting and Corporate Governance

Actuarial Studies and Business Analytics

Applied Finance

Management

Marketing

Rankings

Rankings of Macquarie Business School

YearRanking Source[22] [23] Ranking CategoryRanking
2023The Economist 'Which MBA'Australia2
2023The Economist 'Which MBA'Asia-Pacific3
2023QS World University Rankings Master of Applied FinanceAustralia1
2023QS World University Rankings Master of Applied FinanceGlobally36
2023QS World University Rankings Master of MarketingAustralia1
2023QS World University Rankings Master of MarketingGlobally25
2023QS World University Rankings Master of ManagementAustralia2
2023QS World University Rankings Master of Business AnalyticsAustralia2
2023QS World University Rankings Master of Business AdministrationAustralia3
2023QS World University Rankings Global Master of Business AdministrationAustralia3

Alumni

Main article: List of Macquarie university people

There are more than 16,500 members of the Alumni Community, situated in over 135 countries around the world.[24] Notable alumni include:

Notes and References

  1. Web site: Executive Dean: Professor Eric Knight . Macquarie University . 21 April 2023 .
  2. Web site: About . 2023-05-19 . Macquarie University . en.
  3. Web site: About . 2023-05-19 . Macquarie University . en.
  4. News: 2009-05-20 . Macquarie Graduate School of Management stays autonomous . theaustralian.com.au . 2013-08-29.
  5. News: Dodd . Tim . 22 November 2017 . Macquarie merger angers MBA alumni . The Australian . News Limited . 21 April 2023.
  6. Web site: Study business . 2023-05-26 . Macquarie University . en.
  7. Web site: MBA and Executive . 2023-05-26 . Macquarie University . en.
  8. Web site: Higher degree research (HDR) . 2023-05-26 . Macquarie University . en.
  9. Web site: Department of Accounting and Corporate Governance . 2023-08-02 . Macquarie University . en.
  10. Web site: Department of Actuarial Studies and Business Analytics . 2023-08-02 . Macquarie University . en.
  11. Web site: Department of Applied Finance . 2023-08-02 . Macquarie University . en.
  12. Web site: Department of Economics . 2023-08-02 . Macquarie University . en.
  13. Web site: Department of Management . 2023-08-02 . Macquarie University . en.
  14. Web site: Department of Marketing . 2023-08-02 . Macquarie University . en.
  15. Web site: Health and social care . 2023-05-19 . Macquarie University . en.
  16. Web site: Sustainability . 2023-05-19 . Macquarie University . en.
  17. Web site: Data and analytics . 2023-05-19 . Macquarie University . en.
  18. Web site: Markets . 2023-05-19 . Macquarie University . en.
  19. Web site: Our research . 2023-05-19 . Macquarie University . en.
  20. Web site: Accredited Institutions . dead . https://web.archive.org/web/20120910083931/http://www.aacsb.edu/accreditation/AccreditedMembers.asp . 2012-09-10 . 2013-11-16 . AACSB International.
  21. Web site: AACSB Accredited . 2013-12-02 . AACSB International.
  22. Web site: Which MBA? . The Economist . 2009-10-30. 2013-11-16.
  23. Web site: Boss 2013 MBA Rankings . The Australian Financial Review . 2013-11-16.
  24. Web site: MGSM Alumni Community. MGSM Alumni. 2013-12-02. https://archive.today/20131202013227/http://www.mgsm.edu.au/our-alumni/. 2013-12-02. dead.