Macquarie Business School

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 Accounting and Corporate Governance^[9]
• Department of Actuarial Studies and Business Analytics^[10]
• Department of Applied Finance^[11]
• Department of Economics^[12]
• Department of Management^[13]

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:

• Academy of the Social Sciences in Australia (ASSA)

• Accounting and Finance Association of Australia and New Zealand (AFAANZ)
• Australian Museum
• Aware Super Pty Ltd
• Asian Development Bank
• Australia Council for the Arts
• Australian Securities and Investments Commission
• City of Sydney NSW
• Cochlear Limited
• Commonwealth Bank of Australia
• Copyright Agency Limited
• CSIRO
• Deloitte Australia Pty Limited
• Department of Health (Commonwealth)

• Digital Finance CRC
• e61 Institute
• Ecstra Foundation Ltd
• Institute for Couples in Business
• Johnson & Johnson Medical Pty Ltd
• Library Council of NSW
• Macquarie University Cyber Security Hub
• Momento Hospitality
• NSW Department of Planning, Industry and Environment
• Optus Networks Pty Ltd
• QIMR Berghofer
• Sail Exchange
• Toyota Finance Australia Limited
• UNESCO

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

• Chartered Accountants Australia New Zealand (CA ANZ)
• CPA Australia
• Association of Chartered Certified Accountants (ACCA)
• Institute of Management Accountants (ima)
• Chartered Institute of Management Accountants® (CIMA)
• Institute of Public Accountants (IPA)
• Institute of Certified Forensic Consultants® (ICFA)

Actuarial Studies and Business Analytics

• Actuaries Institute
• Australian Computer Society (ACS)
• Society of Actuaries
• Institute of Faculty of Actuaries

Applied Finance

• CFA Institute

Management

• Australian HR Institute (AHRI)

Marketing

• Australian Marketing Institute (AMI)

Rankings

Rankings of Macquarie Business School

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:

• Andrew Scipione, NSW Police Commissioner
• Melanie Silva, managing director and VP, Google Australia & New Zealand
• Rob Scott, chief executive officer at Wesfarmers
• Preeti Bajaj, CEO & managing director at Luminous Power Technologies (P) Ltd
• Steve Worrall, managing director at Microsoft Australia and New Zealand
• Sue Horlin, Managing Partner, Sydney at PwC Australia
• Adam Driussi, Co-Founder and CEO, Quantium

References

This page was last edited on 9 November 2023, at 04:14