Both UCT and Wits business schools have once again excelled and both institutions have been included in the top “emerging global schools” in the the Middle East and Africa according to the recently released survey of the world’s top business schools by Quacquarelli Symonds.
The University of Cape Town’s Graduate School of Business claimed top position in Africa followed by University of the Wits Business School. 3rd was the American University of Sharjah in the United Arab Emirates and 4th the American School in Cairo, Egypt.
The QS Global Business Schools Report 2013/14 main objective is to value MBA programmes from around the world based upon their qualification’s end-consumer : the MBA employer. The survey is largest of its kind and includes 4,318 responses from recruiters who actively recruit and hire MBAs.
The survey includes over 200 business schools from around the world and both Cape Town’s Graduate School of Business and Wits Business School placed in the second highest “emerging global” category. Both schools boast an established reputation for excellence beyond their region according to the survey.
It is also stated that that these schools are the top business schools in Africa, however, they are still no match for the global elite. Despite this fact, it is expected that both these schools will improve over time. There are numerous business schools in Africa but, as stated in the report, management education is still in its infancy and it will take many years in order for business schools in Africa to achieve any form of prominence in the international stage.
The average expected salary for graduates of UCT MBA programme is roughly R840 000 which is amongst the highest in the world and the highest in Africa. Given this earning power, UCT can compete with the global elite. Students who have graduated from UCT business school, 75% are South African, are currently amongst the top earners in the world. According to the report, graduates are earning more than $130 000 three years after completing their studies.
The leading schools in other regions surveyed are: Harvard and Stanford lead North America; INSEAD in France and the UK’s London Business School top the Europe table, while INSEAD in Singapore leads the Asia-Pacific region. These five schools received the maximum score for employer recognition.
Source: southafrica.info, topmba.com