BlogBusinessTop 5 Business Schools in Australia for 2023 Revealed

Top 5 Business Schools in Australia for 2023 Revealed

Do you picture yourself managing a successful business, whether it be your own, a start-up or a long-established company? Wondering which business school is the best?

If this is you, make your vision a reality by studying at one of the top 5 ranking Universities in Australia for business management.

Check out the final cut here!

#5. The University of Queensland

UQ Business School

Image Sourced From ThinkGeoEnergy

Rankings

According to QS World University Ranking by Subject 2023, The University of Queensland (UQ) is the 5th best university in Australia for Business and Management.

On a global level, UQ is also in 85th place as best university to study Business.

What’s better, QS World University Rankings 2023 also ranked UQ as the 5th best university in Australia!

About

The UQ Business School is home to more than 12,000 students and is located on the St Lucia campus.

UQ is one of the Group of Eight universities in Australia, so graduating from Business school at UQ will have more weight once you jump into your career!

Besides being one of Queensland’s most prestigious universities, UQ offers three business degrees:

While a Bachelor of Advanced Business and a Bachelor of Business Management will offer a larger variety of majors, a three-year Bachelor of Commerce knuckles down to four highly employable majors:

  • Accounting
  • Business Analytics
  • Business Information Systems
  • Finance

Check out Commerce student Nicholas’s breakdown of his time studying at UQ!

The Bachelor of Advanced Finance and Economics (Honours) is one of UQ’s Business programs, which splits your study 50/50 between Finance and Economics — despite launching in 2022, it’s already a highly competitive degree if you consider its high ATAR entry.

If you make it into Advanced Finance and Economics by way of ATAR, you’ll have a good shot at landing the UQ Excellence scholarship!

Entry Requirements 

For a Bachelor of Advanced Business (Honours) at UQ, you require:

  • A 94.00 ATAR 
  • Have studied:
    • Year 12 English
    • Any Year 12 Maths

Check out what it’s like studying Advanced Business at UQ!

For a Bachelor of Advanced Economics and Finances (Honours) at UQ, you require:

  • A 99.00 ATAR 
  • Have studied:
    • Year 12 English
    • Mathematical Methods or Specialist Mathematics (3 & 4, C), or equivalent

For a Bachelor of Business Management at UQ, you require:

  • A 78.00 ATAR 
  • Have studied:
    • Year 12 English
    • Any Year 12 Maths

Find out Imogen’s story on what it’s like studying Business Management at UQ!

For a Bachelor of Commerce at UQ, you require:

  • A 85.00 ATAR 
  • Have studied:
    • Year 12 English
    • Mathematical Methods (Units 3 & 4, C), or equivalent

Discover more information about alternative entry schemes.

#4. The University of Sydney 

USYD Business School

Image sourced from McGregor Coxall

Rankings

According to QS World University Ranking by Subject 2023, the University of Sydney (USYD) is the 4th best university in Australia for Business and Management.

QS World University Rankings also ranks USYD as the 3rd best university in Australia in 2023.

The school is ranked 61st globally for Business and Management by QS World University Rankings 2023. 

About

Established in 1850, The University of Sydney (USYD) is the first and oldest university in Australia and is regarded as one of the world’s leading universities. The USYD community includes more than 63,000 students, 3,400 academic staff and 320,000 alumni. 

If you are looking to study business and management at USYD, you can study a Bachelor of Commerce within the Sydney University Business School at the Camperdown Campus.

What is a Bachelor of Commerce at USYD?

This is a 3-year full-time course that combines theory and practice in order to build a strong understanding of how businesses operate. Whether you want to run your own business or work in one, this degree will help you gain the analytical, technical and practical skills needed to maintain a successful career in business and management. 

On top of this, USYD was ranked #4 in the world and #1 in Australia for graduate employability, according to QS Graduate Employability Rankings 2020. 

Students can choose up to two majors from the wide range of business subject areas including, accounting, banking, business analytics, business information systems, business law, finance, industrial relations, human resource management, international business, marketing, and management.

As of 2018, 15,328 students were studying management and commerce subjects.

USYD offers a number of scholarships within the business and management field. Some of which are, The Anstice MBA Scholarship for Community Leadership, David W Johnson Scholarship and Inspired by Business Scholarship.

Entry Requirements 

If you are looking to study a Bachelor of Commerce at USYD, you just have to follow these steps:

  • A minimum ATAR of 96
  • HSC Prerequisite Subjects: Mathematics Advanced (Band 4)

Admission pathways are available for educationally disadvantaged applicants.

Learn more about what it’s like to study a Bachelor of Commerce at USYD!

#3. Monash University 

Monash Business School

Image sourced from Monash University

Rankings

World University Ranking by Subject 2023 has listed Monash University as the 3rd top university in Australia for Business and Management.

The school is ranked 54th globally for Business and Management by QS World University Rankings 2023. 

Monash University is also listed as the 6th best university in Australia by QS World University Rankings 2023.

About

Named after Sir John Monash and fuelled by his desire for students to leave with a greater sense of purpose and a desire for positive change, Monash University is the largest university in Australia with 86,753 students enrolled in 2019.

Founded in 1958, Monash University is a recognised world leader in research, with many ideas becoming commercialised around the world, such as the new Malaria vaccine and 3D printing engines.

What are the degrees on offer for Business and Management?

This high-esteemed university offers students both a Bachelor of Business or a Bachelor of Commerce. The Business degree is studied at the Caulfield campus, whereas the Commerce degree is studied at the Clayton campus. 

Both courses are 3-year full-time degrees. The Bachelor of Commerce degree will teach you to apply your thinking in a commercial capacity to influence change, as it encompasses skills such as decision-making, leadership, innovation and policy development.

The Bachelor of Business, on the other hand, will help you learn how to thrive in a competitive business landscape and acquire expertise in your chosen area of business practice. Choose which degree is for you by narrowing down your major preferences! 

Commerce MajorsBusiness Majors
Accounting
Actuarial Studies
Behavioural Commerce
Business Analytics
Business Law
Econometrics
Economics
Finance
Management Studies
Marketing Science
Mathematical Foundations of Econometrics
Sustainability
Business Management
Accounting
Banking and Finance
Business Analytics and Statistics
Business Law
Business Studies
Economics and Business Strategy
Financial Econometrics
Human Resource Management
International Business
Marketing and Taxation

In 2018, 23,974 students were studying Management and Commerce. Monash offers numerous scholarships within the areas of business and management. 

Entry Requirements 

For a Bachelor of Commerce, you need:

  • 86.5 ATAR Guaranteed Entry
  • HSC Prerequisite Subjects: English and Mathematics  

For a Bachelor of Business, you need:

  • 76 ATAR Guaranteed Entry 
  • HSC Prerequisite Subjects: English and Mathematics 

As the ATAR does not necessarily reflect academic ability, you can peruse Monash entry schemes.

#2. The University of New South Wales

UNSW Business School

Image sourced from UNSW Business School

Rankings

QS World University Ranking by Subject 2023 lists the University of New South Wales (UNSW) as the 2nd top university in Australia for Business and Management!

The school is ranked 42nd globally for Business and Management by QS World University Rankings 2023. 

UNSW is also listed as the 4th best university in Australia by QS World University Rankings 2023.

About

Established in 1949, UNSW is a world-leading university that has a diverse community of 64,000 students from over 130 countries. UNSW is a pioneer in research, teaching and innovation, and gives students the tools to pursue their passions. 

For those interested in Business and Management, you can study a Bachelor of Commerce within the UNSW Business School. 

What is a Bachelor of Commerce at UNSW?

The 3-year full-time degree will help students understand business essentials from day one. A Bachelor of Commerce also has career development and professional experience built into the course, enhancing graduate employability. It gets even better — upon completion of your degree, you’ll even develop a digital graduate portfolio that demonstrates your skill set to future employers.

The Bachelor of Commerce degree offers students a variety of majors to choose from, including:

  • Accounting
  • Finance
  • Economics
  • Information Systems
  • Business Analytics
  • Fintech
  • Human Resources
  • Taxation
  • International Business
  • Marketing

In 2018, 18,120 students were studying management and commerce subjects.

UNSW offers a wide range of scholarships for those who face barriers that prevent them from gaining entry into higher education. 

Entry Requirements 

To be admitted a Bachelor of Commerce at UNSW, you must have:

  • 93 ATAR for Guaranteed Entry
  • HSC Subject Assumed Knowledge: Mathematics Advanced
  • Recommended studies: English Advanced, Mathematics Extension 1

#1. The University of Melbourne 

Image sourced from The University of Melbourne

Rankings

According to QS World University Ranking by Subject 2023, the University of Melbourne is the top university in Australia for Business and Management.

The school is ranked 37th globally for Business and Management by QS World University Rankings 2023. 

On top of this, QS World University Rankings listed the University of Melbourne as the 2nd best university in Australia in 2023.

About

What was once a cluster of buildings in a large park in 1853, with four professors and sixteen students, is now a world-renowned university with 8,000 academic and professional staff and a vibrant student body of 65,000. 

The University of Melbourne offers a 3-year full-time Bachelor of Commerce degree, which will not only equip students with the skills needed to solve key business challenges but will help students envision a career where they can forge their own path and make a difference.

Check out what it’s like studying a Bachelor of Commerce at the University of Melbourne.

The undergraduate degree is provided by the Faculty of Business and Economics, located in the Parkville campus. 

Students can choose from six majors, one of which is ‘Management.’ A major in Management is ideal if you wish to boost your leadership and decision-making skills, whilst learning about your own personal effectiveness and how to work in teams. 

As of 2018, The University of Melbourne had 13,262 students studying management and commerce. 80% of graduates are employed full-time within four months of graduating!

The University of Melbourne also has comprehensive scholarship programs. 

Entry Requirements 

To be admitted into a Bachelor of Commerce degree at the University of Melbourne, you must have:

  • A minimum ATAR of 93, however, Access Melbourne takes into account unique personal circumstances, making your application eligible for special consideration. 
  • HSC Subject Prerequisites (equivalent): English/ESL and Mathematics/Mathematics Extension 1 or 2.

Looking for High School rankings instead of university rankings? Check out our Most Affordable Brisbane schools article here!


Thomasin McCuaig is a Content Writer at Art of Smart and an Arts graduate with majors in English and Theatre and Performance Studies at the University of Sydney. Thomasin is a passionate writer, singer and drama teacher, who has had her work published in Holidays with Kids, Signature Luxury Travel and Style and Offspring Magazine. Thomasin also writes junior plays for her students and aims to publish a novel someday. During the COVID isolation period, Thomasin put her passion into practise and launched her own writing and editing business, ‘Re:Write Editing.’ In her spare time you will find her either napping, talking to her cats or looking up real estate for absolutely no reason at all. Fun fact: Thomasin appeared on Japanese morning breakfast show ‘ZIP!’ as a travel reporter, where she presented a six day exposé of Sydney!

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