The best business schools in Australia, rated by satisfaction, size and pay outcomes.
Based on detail statistical analysis by Uni Reviews, the top 5 business schools in Australia for 2024 are:
- University of New England
- Bond University
- Deakin University
- Monash University
- Swinburne University of Technology
Under our points scoring system, the results were tight and several other business schools were also in contention. Other notable mentions are Charles Sturt University, the University of Canberra, CQUniversity, and Macquarie University.
Uni Reviews ranked Australian universities by a formula using:
- business school size (student numbers)
- student and graduate satisfaction with business and management courses (% satisfied)
- indicative graduate salaries (based on pay, study and unemployment rates).
Top 5 Universities for Business Degrees
- University of New England - With 3,431 students, it maintains a high satisfaction rate of 82% and an impressive average graduate salary of $62,620. Its smaller size allows for a focused educational approach, enhancing student satisfaction and career outcomes.
- Bond University - Despite its smaller size of 1,473 students, Bond University boasts the highest satisfaction rate at 88% and a solid graduate salary of $56,177. Its intensive and personalised educational experience translates into high student contentment.
- Deakin University - Hosting 14,581 students, Deakin achieves an 81% satisfaction rate with a graduate salary of $55,448. The university balances a large, diverse student body with high satisfaction, reflecting robust academic and support systems.
- Monash University - As one of the largest contenders with 24,223 students, Monash still manages a 73% satisfaction rate and offers a competitive graduate salary of $58,747. Its vast network and extensive resources contribute to successful graduate outcomes.
- Swinburne - With 10,842 students, Swinburne secures a 78% satisfaction rate and a graduate salary of $58,697. The university effectively leverages its medium size to provide quality education and good career prospects.
Business and Management definition
Business and Management includes Accounting, Business Management, Sales & Marketing, Management and Commerce, Banking and Finance, Economics.
Detailed study areas: Accounting, Business Management, Human Resource Management, Organisation Management, Industrial Relations, international Business, Public Administration, Hospitality Management, Farm Management and Agribusiness and Tourism Management, Sales, Real Estate, Marketing, Advertising and Public Relations, Purchasing, Warehousing and Distribution, and Valuation, Banking and Finance, Insurance and Actuarial Studies, Investment and Securities, Economics and Econometrics.
Overall Rankings
Rank | Business School | Students | Satisfaction | Grad Salary | Points |
---|---|---|---|---|---|
1 | University of New England | 3,431 | 82% | $62,620 | 64 |
2 | Bond University | 1,473 | 88% | $56,177 | 63 |
3 | Deakin University | 14,581 | 81% | $55,448 | 60 |
4 | Monash University | 24,223 | 73% | $58,747 | 57 |
5 | Swinburne | 10,842 | 78% | $58,697 | 56 |
6 | Charles Sturt University | 7,108 | 77% | $61,340 | 55 |
7 | University of Canberra | 3,791 | 77% | $62,167 | 53 |
8 | CQUniversity | 6,395 | 82% | $55,789 | 53 |
9 | Macquarie University | 11,356 | 74% | $61,060 | 51 |
10 | Torrens University Australia | 10,233 | 76% | $58,072 | 50 |
11 | UTS | 14,107 | 73% | $59,526 | 50 |
12 | Griffith University | 12,603 | 78% | $54,769 | 50 |
13 | Southern Cross University | 6,115 | 78% | $57,787 | 49 |
14 | University of Queensland | 13,078 | 74% | $58,534 | 49 |
15 | UniSQ | 3,619 | 81% | $55,626 | 48 |
16 | RMIT University | 27,040 | 71% | $54,209 | 48 |
17 | Victoria University | 8,670 | 77% | $56,996 | 47 |
18 | QUT | 13,600 | 75% | $56,596 | 47 |
19 | University of South Australia | 8,295 | 80% | $52,450 | 46 |
20 | UNSW | 18,326 | 66% | $62,775 | 45 |
21 | University of Sydney | 16,638 | 66% | $62,892 | 44 |
22 | University of Melbourne | 13,191 | 70% | $59,972 | 42 |
23 | Edith Cowan University | 4,159 | 83% | $49,290 | 42 |
24 | University of Notre Dame | 1,011 | 78% | $56,725 | 42 |
25 | Curtin University | 12,891 | 74% | $54,389 | 41 |
26 | Federation University Australia | 3,889 | 72% | $61,598 | 41 |
27 | University of the Sunshine Coast | 2,867 | 82% | $50,278 | 40 |
28 | University of Adelaide | 5,639 | 72% | $59,545 | 39 |
29 | University of Newcastle | 5,323 | 73% | $58,136 | 38 |
30 | Western Sydney University | 8,500 | 72% | $56,968 | 37 |
31 | Flinders University | 2,164 | 76% | $55,262 | 37 |
32 | University of Western Australia | 5,447 | 72% | $57,720 | 36 |
33 | University of Wollongong | 9,367 | 70% | $56,896 | 34 |
34 | Australian National University | 6,424 | 66% | $62,396 | 32 |
35 | Murdoch University | 5,514 | 70% | $57,685 | 30 |
36 | Australian Catholic University | 2,974 | 71% | $57,460 | 30 |
37 | La Trobe University | 9,354 | 72% | $51,827 | 29 |
38 | Charles Darwin University | 1,056 | 70% | $57,599 | 28 |
39 | University of Tasmania | 5,267 | 66% | $56,875 | 20 |
40 | James Cook University | 4,243 | 65% | $54,048 | 12 |
Updated: 18 April 2024
1. Business School Size
Business School | Bachelor | Postgrad | Int'l | Total |
---|---|---|---|---|
RMIT University | 21,105 | 5,935 | 15,910 | 27,040 |
Monash University | 17,653 | 6,570 | 14,736 | 24,223 |
UNSW | 10,116 | 8,210 | 7,362 | 18,326 |
University of Sydney | 6,448 | 10,190 | 11,400 | 16,638 |
Deakin University | 10,217 | 4,364 | 4,891 | 14,581 |
UTS | 9,975 | 4,132 | 5,639 | 14,107 |
QUT | 10,144 | 3,456 | 2,990 | 13,600 |
University of Melbourne | 7,187 | 6,004 | 7,436 | 13,191 |
University of Queensland | 7,962 | 5,116 | 7,210 | 13,078 |
Curtin University | 10,803 | 2,088 | 5,890 | 12,891 |
Griffith University | 9,642 | 2,961 | 3,610 | 12,603 |
Macquarie University | 6,255 | 5,101 | 5,479 | 11,356 |
Swinburne | 9,098 | 1,744 | 3,087 | 10,842 |
Torrens University Australia | 4,594 | 5,639 | 7,654 | 10,233 |
University of Wollongong | 6,200 | 3,167 | 6,392 | 9,367 |
La Trobe University | 6,707 | 2,647 | 5,077 | 9,354 |
Victoria University | 7,420 | 1,250 | 6,736 | 8,670 |
Western Sydney University | 6,900 | 1,600 | 1,929 | 8,500 |
University of South Australia | 6,480 | 1,815 | 2,338 | 8,295 |
Charles Sturt University | 3,343 | 3,765 | 4,014 | 7,108 |
Australian National University | 2,922 | 3,502 | 4,652 | 6,424 |
CQUniversity | 1,792 | 4,603 | 4,660 | 6,395 |
Southern Cross University | 2,784 | 3,331 | 3,963 | 6,115 |
University of Adelaide | 3,478 | 2,161 | 3,104 | 5,639 |
Murdoch University | 4,089 | 1,425 | 4,384 | 5,514 |
University of Western Australia | 3,730 | 1,717 | 1,895 | 5,447 |
University of Newcastle | 3,656 | 1,667 | 2,398 | 5,323 |
University of Tasmania | 3,130 | 2,137 | 3,190 | 5,267 |
James Cook University | 2,716 | 1,527 | 2,822 | 4,243 |
Edith Cowan University | 2,488 | 1,671 | 2,095 | 4,159 |
Federation University Australia | 1,997 | 1,892 | 2,967 | 3,889 |
University of Canberra | 2,568 | 1,223 | 1,397 | 3,791 |
UniSQ | 2,249 | 1,370 | 694 | 3,619 |
University of New England | 2,572 | 859 | 651 | 3,431 |
Australian Catholic University | 2,552 | 422 | 554 | 2,974 |
University of the Sunshine Coast | 1,901 | 966 | 1,297 | 2,867 |
Flinders University | 1,133 | 1,031 | 912 | 2,164 |
Bond University | 680 | 793 | 772 | 1,473 |
Charles Darwin University | 529 | 527 | 664 | 1,056 |
University of Notre Dame | 915 | 96 | 25 | 1,011 |
Source: uCube Higher Education Statistics (Category: Management and Commerce)
2. Student Course Satisfaction
Rank | Business School | Graduates | Students | Avg |
---|---|---|---|---|
1 | Bond University | 92% | 84% | 88% |
2 | Edith Cowan University | 84% | 82% | 83% |
3 | University of New England | 87% | 77% | 82% |
4 | University of the Sunshine Coast | 79% | 85% | 82% |
5 | CQUniversity | 85% | 78% | 82% |
6 | Deakin University | 83% | 80% | 81% |
7 | UniSQ | 83% | 79% | 81% |
8 | University of South Australia | 81% | 79% | 80% |
9 | Swinburne | 79% | 78% | 78% |
10 | Griffith University | 79% | 77% | 78% |
11 | Southern Cross University | 81% | 75% | 78% |
12 | University of Notre Dame | 80% | 76% | 78% |
13 | Charles Sturt University | 79% | 76% | 77% |
14 | University of Canberra | 79% | 76% | 77% |
15 | Victoria University | 77% | 76% | 77% |
16 | Torrens University Australia | 78% | 74% | 76% |
17 | Flinders University | 76% | 76% | 76% |
18 | QUT | 78% | 72% | 75% |
19 | Curtin University | 78% | 70% | 74% |
20 | University of Queensland | 73% | 75% | 74% |
21 | Macquarie University | 75% | 72% | 74% |
22 | UTS | 76% | 71% | 73% |
23 | Monash University | 75% | 70% | 73% |
24 | University of Newcastle | 74% | 72% | 73% |
25 | La Trobe University | 73% | 71% | 72% |
26 | University of Western Australia | 70% | 74% | 72% |
27 | Federation University Australia | 75% | 69% | 72% |
28 | Western Sydney University | 74% | 70% | 72% |
29 | University of Adelaide | 74% | 70% | 72% |
30 | RMIT University | 74% | 69% | 71% |
31 | Australian Catholic University | 74% | 68% | 71% |
32 | Charles Darwin University | 73% | 68% | 70% |
33 | University of Wollongong | 73% | 68% | 70% |
34 | University of Melbourne | 78% | 62% | 70% |
35 | Murdoch University | 71% | 69% | 70% |
36 | University of Sydney | 71% | 62% | 66% |
37 | UNSW | 68% | 65% | 66% |
38 | Australian National University | 66% | 66% | 66% |
39 | University of Tasmania | 70% | 61% | 66% |
40 | James Cook University | 63% | 67% | 65% |
Source: Student Experience Survey (2021 and 2022)
Universities are ranked by course satisfaction ratings of current students and recent graduates.
3. Indicative Graduate Salaries
Rank | Business School | Employed | Studying | Other | Salary |
---|---|---|---|---|---|
1 | University of Sydney | 88% | 8% | 4% | $62,892 |
2 | UNSW | 84% | 11% | 5% | $62,775 |
3 | University of New England | 92% | 8% | 0% | $62,620 |
4 | Australian National University | 84% | 11% | 6% | $62,396 |
5 | University of Canberra | 80% | 8% | 12% | $62,167 |
6 | Federation University | 72% | 8% | 20% | $61,598 |
7 | Charles Sturt University | 92% | 5% | 3% | $61,340 |
8 | Macquarie University | 77% | 11% | 13% | $61,060 |
9 | University of Melbourne | 76% | 24% | 1% | $59,972 |
10 | University of Adelaide | 72% | 20% | 8% | $59,545 |
11 | UTS | 79% | 8% | 13% | $59,526 |
12 | Monash University | 77% | 10% | 12% | $58,747 |
13 | Swinburne | 80% | 9% | 12% | $58,697 |
14 | University of Queensland | 77% | 11% | 12% | $58,534 |
15 | University of Newcastle | 72% | 21% | 7% | $58,136 |
16 | Torrens University Australia | 65% | 21% | 14% | $58,072 |
17 | Southern Cross University | 80% | 8% | 12% | $57,787 |
18 | University of Western Australia | 69% | 23% | 8% | $57,720 |
19 | Murdoch University | 66% | 7% | 27% | $57,685 |
20 | Charles Darwin University | 70% | 7% | 23% | $57,599 |
21 | Australian Catholic University | 70% | 10% | 20% | $57,460 |
22 | Victoria University | 67% | 17% | 17% | $56,996 |
23 | Western Sydney University | 69% | 9% | 22% | $56,968 |
24 | University of Wollongong | 76% | 7% | 17% | $56,896 |
25 | University of Tasmania | 73% | 11% | 15% | $56,875 |
26 | University of Notre Dame | 75% | 6% | 20% | $56,725 |
27 | QUT | 76% | 11% | 13% | $56,596 |
28 | Bond University | 69% | 20% | 12% | $56,177 |
29 | CQUniversity | 87% | 7% | 6% | $55,789 |
30 | UniSQ | 88% | 8% | 4% | $55,626 |
31 | Deakin University | 78% | 8% | 14% | $55,448 |
32 | Flinders University | 77% | 10% | 13% | $55,262 |
33 | Griffith University | 75% | 9% | 16% | $54,769 |
34 | Curtin University | 72% | 11% | 18% | $54,389 |
35 | RMIT University | 72% | 9% | 19% | $54,209 |
36 | James Cook University | 75% | 13% | 13% | $54,048 |
37 | University of South Australia | 78% | 7% | 15% | $52,450 |
38 | La Trobe University | 67% | 12% | 21% | $51,827 |
39 | University of the Sunshine Coast | 71% | 11% | 18% | $50,278 |
40 | Edith Cowan University | 73% | 7% | 20% | $49,290 |
Source: Graduate Outcomes Survey (2020-22)
The indicative graduate salary accounts for:
- low incomes of unemployed graduates
- earnings potential of graduates doing advanced studies.
It does not account for course participation by mature-age students who are already employed.
Which Business Degree Is Best?
Choosing the best business degree in Australia largely depends on your career goals and interests. Bachelor of Business and Bachelor of Commerce are versatile programs that also allow for specialisation. While rankings are a helpful guide to business school quality, the specifics of each program also matter.
According to Lerna Courses, leading options for online business degrees include:
- Accounting. The University of New England offers a Bachelor of Accounting accredited by major accounting bodies. It is ideal for careers in accounting and finance.
- Business Analytics. Deakin University's Bachelor of Business Analytics develops practical data analysis skills, making it suitable for roles in the booming analytics field.
- Finance. The Bachelor of Commerce (Accounting and Finance) from Edith Cowan University provides practical skills and internships.
- Human Resources. Edith Cowan University's Bachelor of Commerce in Human Resource Management prepare students for high-level HR roles.
- Marketing. The Bachelor of Marketing, Advertising and Public Relations at ECU combines these disciplines to enhance employability.
These degrees offer well-rounded training and specialisation opportunities in key business areas. Any one of these choices could lead to high-salary positions. For further details, refer to Lerna Courses guide to the Best Business Degrees Online in Australia.