The University of Cape Town Graduate School of Business has risen to 59th place in the prestigious annual Financial Times MBA ranking, the premier ranking for business schools worldwide.
The GSB remains the only business school in Africa ranked in the FT Full-time MBA Top 100 for its full-time programme, and this is the 10th consecutive year that it has been listed. Director of the GSB, Walter Baets, said that the rise in the ranking denotes the GSB’s commitment to providing a world-class MBA programme.
“We are very proud that our hard work and vision have been acknowledged in this way – the GSB is continually striving to ensure that we remain rooted in relevance while acting as pioneers of innovative business education, and the Financial Times ranking stand as a testament to this.”
The Financial Times ranking is regarded as the authoritative ranking of MBA programmes, partly because of the manner in which the rankings are compiled. The Financial Times incorporates 20 different sets of criteria, including survey responses from alumni who graduated three years prior to the ranking, and a range of information from the business schools. Salary and employment statistics are also weighted heavily – an important factor for prospective MBA students, who often use the rankings to decide on which school best suits them.
The GSB (Graduate School of Business) has received a number of awards in recent years, cementing its reputation as Africa’s best business school. The Cape Town-based school is just one of 59 schools world-wide to be “triple-crowned” (schools which are accredited by AMBA, EQUIS and the AACSB).
Furthermore, the school was rated the top business school in Africa at the 6th Eduniversal World Convention of the Best Business Schools 2013 and 39th in the world, tied with Wharton Business School of the University of Pennsylvania.
Eduniversal is a rating and ranking system that is distinguished from others by its peer-assessment component where deans and directors from the top 1000 schools evaluate other schools in the selection.
The GSB has seen a major rise in international students, who come to the school because it is internationally benchmarked and also has a reputation for exploring business model innovation in a developing economy context.
Baets, who took over as chair of the Association of African Business Schools in January 2014, said that these latest rankings are not just an accolade for the GSB, but for African business schools in general. “While rankings are certainly not the be-all and end-all to mark a business schools performance, to do so well in the FT rankings, widely regarded as the authoritative measurement of business school quality, shows the rest of the world what African schools are capable of – and sets a benchmark for us all,” he said.