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UCT and Wits business school ranked best in Africa and Middle East

QS Top MBA

 

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.

 

QS Top MBA 2

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

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South African business schools rated the best in Africa

 

South African business schools continue to keep shining and are generally thought by many as capable of producing employable MBA graduates in Africa and the Middle East, based on the latest Quacquarelli-Symonds (QS) report on the World’s top 200 business schools.

In the most recent QS Global 200 Business Schools Report, which rates schools from around the globe determined by MBA employers’ and recruiters’ views, UCT GSB was ranked in first place, the University of Stellenbosch third, and the University of Witwatersrand fifth.

At the same time the American University in Cairo (second place), and the Suliman S. Olayan School of Business in Beirut (fourth) were among the top five.

The most recent QS Global 200 Business Schools Report is made up of 82 schools in North America, 67 schools in Europe, 36 schools in Asia-Pacific, 10 schools in Latin America and 5 schools in Africa and the Middle East.

The report is compiled using the thoughts and opinions of MBA employers, no other piece of MBA research encompasses this sort of geographically diverse set of schools. In 1999, only 15 schools beyond the borders of North America and Europe appeared in the research, as compared to 51 schools in the most recent report.

 

 

This signifies the widening global perspective that MBA employers are developing, as the globalization of business exposes a dependence on international managers with local talents.

Director of the GSB, Professor Walter Baets, acknowledges the value of multiple top ratings and states that it demonstrates that the school has positioned itself in a manner that remains relevant locally and internationally.

“The UCT GSB is delighted concerning this ranking. Once again it testifies to the high quality of our programmes, the remarkable impact we have on students and the exceptional quality of our MBA in particular,” says Baets. “The ratings also show that the country is putting out world class business leaders who can compete with the best in the world. What makes the business schools in South Africa unique is being located in an emerging economy that is characterised by complexity and diversity.”

As outlined by Baets, UCT GSB’s mission has been to differentiate itself as a business school with formidable and distinctive capabilities in emerging market business education and applied research.

“Our aim for some time now has been to always ensure that all our programmes are relevant in the context of new global business, in the context of new leadership development and in the context of emerging economy business,” says Baets. “This is further encouragement for us that Africa is able to develop its own models of business schools that will be more relevant to the local context without sacrificing internationalism. We don’t need Harvard in Africa we need something better.”

Marketing Manager at the GSB, Cherry Burchell, suggests that this ranking will go a long way towards expanding the belief that the GSB is the most desirable business school in the South Africa as well as on the continent, particularly when put together with the school’s NRF ratings, FT rankings and EQUIS accreditation from the European Foundation for Management Development.

 

 

As indicated by Burchell, South Africa stands to gain from the international interest which will be generated by having three local universities’ business schools within the top five of the entire continent by way of encouraging investors and international students.

At the same time, the University of Stellenbosch Business School (USB) has also ranked in the top three business schools. As indicated by Professor John Powell, director of the USB, the university has demonstrated year-on-year improvements, ascending from fifth to third place in this survey in a matter of two years. “We are very proud to have been selected in a report that rates business schools worldwide focusing solely on MBA employers’ and recruiters’ views of MBA graduates, as it benchmarks us against the best in the world.”

As stated by Powell, the USB has enhanced its initiatives to position the business school on the global map as well as in the hearts and minds of corporate leaders throughout the world. The School continues to be widely recognised with numerous awards, including an A-rating together with a Five Palms award by EDUNIVERSAL. The USB continues to be ranked in the top 100 leading business schools in the world at number 65, based on the Aspen Institute’s 2010-11 edition of its annual Beyond Grey Pinstripes survey – the only African representative within this exclusive list.

To view full report and country rankings – click here

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2009 global top business school ranking

More than 300 deans from around the world voted Harvard the best in the 2009 Eduniversal global top 1,000 business school rankings, announced at the French company’s convention in Cape Town last week. London Business School earned the second highest vote and Copenhagen Business School came third. Next year Eduniversal will launch a global ranking of masters programmes.

The Eduniversal business school ranking is organised into nine regions. The idea, said CEO and founder Martial Guiette, is to improve the international comparability of business schools and to enable students to also find out which are the strongest in their country and region.

The ranking uses a range of criteria – such as peer voting, country quotas and factors, accreditation and performance in other rankings – which Guiette argued makes it more comprehensive and globally representative than existing rankings that “have focused on certain geographic zones or have privileged certain categories of criteria”.

The top three business schools in the nine regions were named at a gala dinner in Cape Town on Monday, attended by some 100 people from around the world. The list of the top regional schools, the strongest 100 schools globally and the top 1,000 will be published in University World News next Friday, once all the information is available.

The top-scoring schools in each of the nine regions were:

* Africa: University of Cape Town, Graduate School of Business, South Africa.
* Central Asia: Indian Institute of Management, Bangalore, India.
* Eastern Europe: University of Economics, Prague, Czech Republic.
* Eurasia and the Middle East: Tel Aviv University, Leon Recanati Graduate School of Business, Israel.
* Far East Asia: National University of Singapore, NUS Business School, Singapore.
* Latin America: ITESM – Egade Monterrey, Mexico.
* North America: Harvard Business School, United States
* Oceania: University of Auckland Business School, New Zealand.
* Western Europe: London Business School, United Kingdom.

Globally, the very top ranks are dominated by the United States and, especially, Europe. The 10 top-scoring business schools in the deans vote were:

1- Harvard Business School, US.
2- London Business School, UK.
3- Copenhagen Business School, Denmark.
4- MIT – Sloan School of Management, US.
5- McGill University – Desaultes Faculty of Management, Canada.
6- Erasmus University – Rotterdam School of Management, the Netherlands.
7- INSEAD Europe Campus, France.
8- ESADE Business School, Spain.
8- HSE – Helsinki School of Economics, Finland.
10- Stanford University Graduate School of Business, US.

Eduniversal expressed delight at rising institutional and international participation in its ranking. This year 308 schools in 88 countries voted – 31% of the top 1,000 – though 25 countries provided two-thirds of all the votes.

Business schools in the two countries of North America – the US and Canada – voted, giving the region 100% participation. The next highest representation was in Latin America, where 89% of countries voted, followed by Western Europe (82%), Eastern Europe (70%) and Far Asia (67%). In Africa, only 25% of countries voted.

Eduniversal also looked at the percentage of institutions in its top 1,000 that voted in each region. Half of all the schools in Eastern Europe voted – the highest proportion – followed by 44% in Latin America, 40% in Western Europe, a third in Africa and just over 20% each in Far Asia, Oceania and the Middle East. Participation in Central Asia was 18% and it was only 15% in North America, which has 180 schools in the top 1,000.

Eduniversal’s top 1,000 business schools list is decided by a scientific committee comprised of one member from each of the regions and two senior members of Eduniversal and its parent company, the French rankings firm SMBG.

A global mapping system is used, based on criteria of ‘universality’ and international reputation. A quota system decides how many schools from each country and region are represented on the list, using quantitative criteria (such as national per capita spending on education, GDP, size of population and number of students in higher education – and qualititative criteria such as the educational environment.

Business schools are ranked using a ‘palms’ system that takes into account international criteria – such as a school’s performance in other rankings, accreditations, participation in academic associations, international networks and research reputation. The dean of each school in the top 1,000 list is invited to recommend other academic institutions.

View full list of Schools

Source: universityworldnews.com, thecrimson.com, educationuk.org, denmark.net, aurat.in, businessweek.com, mcgill.ca, karriere.de, panoramio.com,

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