EDUCATION: UCT Graduate School Of Business Rated Top
Recent Western Cape Business News
South Africa is making its mark on business education internationally, with the UCT Graduate School of Business being rated as the best in Africa and the Middle East, with two other South African universities in the top five.
In the latest QS Global 200 Business Schools Report, which rates schools from around the world based on MBA employers’ and recruiters’ views, UCT GSB was ranked in first place, the University of Stellenbosch third, and the University of Witwatersrand fifth.
Also in the top five were the American University in Cairo (second place), and the Suliman S. Olayan School of Business in Beirut (fourth).
The MBA at the GSB is the only programme in Africa ranked in the Financial Times Top 100 Global MBAs, and has received acclaim for the international scope of its curriculum, which nonetheless retains a distinctive orientation to the business context of Africa.
Director of the GSB, Professor Walter Baets, recognises the importance of multiple top ratings and says it proves that the school has positioned itself in a way that remains relevant locally and internationally.
“The UCT GSB is delighted about this ranking. Once again it testifies to the high quality of our programmes, the remarkable impact we have on students and the exceptional quality of our MBA in particular,” says Baets. “The ratings also show that the country is putting out world class business leaders who can compete with the best in the world. What makes the business schools in South Africa unique is being located in an emerging economy that is characterised by complexity and diversity.”
According to Baets, UCT GSB’s mission has been to differentiate itself as a business school with strong and distinctive capabilities in emerging market business education and applied research.
“Our aim for some time now has been to always ensure that all our programmes are relevant in the context of new global business, in the context of new leadership development and in the context of emerging economy business,” says Baets. “This is further encouragement for us that Africa is able to develop its own models of business schools that will be more relevant to the local context without sacrificing internationalism. We don’t need Harvard in Africa we need something better.”
Marketing Manager at the GSB, Cherry Burchell, says that this rating will go a long way towards growing the perception that the GSB is the best business school in the country and on the continent, especially when coupled with the school’s NRF ratings, FT rankings and EQUIS accreditation from the European Foundation for Management Development.
According to Burchell, South Africa stands to gain from the international interest that will be generated by having three local universities’ business schools in the top five of the entire continent by attracting investors and international students.
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