According to the Financial Times’ global MBA ranking, Cape Town’s Graduate School of Business (GSB) is the 52nd best business school in the world. The latest global ranking MBA ranking from the Financial Times names the University of Cape Town as the country’s top business institute in the country and in Africa. The University’s MBA programme is the only one in Africa listed in the ranking.
This ranking is an improvement on its 2014 ranking of 59th position. The Financial Times bases its ranking on surveys of the business school graduates, career progression of alumni, idea generation and diversity of students and the faculty. Another key indicator that was tracked was the salaries of alumni. A UCT MBA graduate has an average salary of $144 744 (R1.73 million), while a Harvard graduate has an average salary of $180 183 (R2.2 million).
Other indicators include “Aims achieved,” in which UCT achieved a score of 74%. The University also scored 73 out of 100 for graduates’ employment after 3 months. UCT achieved a significant milestone by being named as the university offering the best value for money. The university’s fee structure ranked as the best value for money out of 100 institutions on the list. UCT’s MBA programme is offered at R184 450 ($15 400) with a R15 000 acceptance fee.
The Financial Times says, “With a focus on ethics, governance and entrepreneurship, UCT’s MBA programmes are rooted in the complexity and uncertainty that are inherent in emerging economies.”
The top ranked business school, Harvard has full time fees of $98 400 (R1.18 million). The University of Southern California ranked as offering Least value for money at $93 223 (R1.1 million) in the first year of study.