Last Updated on August 28, 2023
Melbourne Business School (MBS) is the graduate business school of the University of Melbourne, Victoria, Australia. The School offers an MBA program, specialist Masters programs, a doctoral program, and executive education programs. The MBS Head Office and main campus are in the Melbourne suburb of Carlton, walking distance from Melbourne’s Central Business District, in a complex designed by Daryl Jackson.
MBS began teaching in 1955 when the University of Melbourne offered Australia’s first residential executive education program in the summer of that year. Its first Master of Business Administration (MBA) degree was awarded in 1965, which was also the first MBA degree awarded in Australia.
During the 1980s, MBS was awarded the status of a National Management School by the Australian Government and the Graduate School of Management was established within the University of Melbourne.
In 1989, it was re-organized again, this time as the Graduate School of Management Ltd: a non-profit company limited by guarantee and managed by a board of directors which includes the chairs and directors of leading Australian corporations. This organization structure has helped create a major link between the university and those who have a responsibility for management. It is currently co-owned by the University of Melbourne (45%) and Australian businesses (55%).
In 2004, Melbourne Business School Limited merged with Mt Eliza Business School, which was established in 1957, becoming the largest management education business school in Australia. 
In July 2009, the school announced that it was the subject of a proposed merger with the Graduate School of Management at the University of Melbourne. However, the proposal was decided not to proceed following opposition from MBS members in September 2009.
MBS closed and sold its Mt Eliza campus in 2016, to concentrate on expanding the Carlton campus.
Rankings of MBS include the following:
Melbourne Business School does not currently participate in the Financial Times Executive Education rankings after allegations of attempts to game rankings and inappropriately encouraging students to fill out surveys rating their courses.
- Unranked – Bloomberg Businessweek (2019–20)
- No. 28 – Full Time MBA (2019)
- Unranked – MBA in Australia (2019)
- Brent Chapman, founder of Majordomo, MBA 2003
- Ahmed Fahour, CEO of Australia Post, MBA 1993
- Christine Kilpatrick, CEO, Royal Children’s Hospital Melbourne, Senior Executive MBA, 2007
- Margaret Jackson, former chairman Qantas, MBA 1982
- Katie Lahey, Former chief executive, Business Council of Australia, Senior Executive MBA 1988
- Michael Phelan, Chief Police Officer, Australian Federal Police, Senior Executive MBA, 2009
- Bill Shorten, Australian politician, MBA 2001
- John Elliott, Former CEO of Elders IXL and Carlton & United Breweries (now Carlton & United Beverages)
- Paul Rizzo, group managing director of Telstra, MBA 1969
- Ross Oakley, former CEO of the AFL
- Adam Garone, founder, Movember, Master of Marketing 1999
Board of directors
MBS is unique among Australian business school’s because of its hybrid ownership structure. The School is owned by Melbourne Business School Ltd, a non-profit organisation that is 55 per cent owned by the business community and 45 per cent owned by the University of Melbourne. The board of directors of MBS Ltd:
- Mr Ross Barker (Chairman). Appointed: 2011
- Mr Anthony Ray Burgess. Appointed: 2013
- Mr Jan Craps. Appointed: 2018
- Dr Jackie Fairley. Appointed: 2010
- Professor Ian Harper. Appointed: 2018
- Mr Dean Ireland. Appointed: 2014
- Mr Robert Johanson. Appointed 2017
- Ms Annette Kimmitt. Appointed: 2011
- Professor Paul Kofman. Appointed: 2013
- Mr Cameron Leitch. Appointed: 2017
- Professor Geoff Martin. (Appointed 2020)
- Mr Geoff Lord. Appointed: 2015
- Mr Duncan Maskell. Appointed 2018
- Mr Scott Tanner. Appointed: 2011
- Dr Lynne Williams. Appointed 2020
- Mr Frank Zipfinger. Appointed: 2009