The University of Macau’s (UM) Faculty of Business Administration (FBA) has been ranked among the world’s best business schools, in the 3 Palmes league, according to the Best 1000 Business Schools in 154 Countries rankings, released by Eduniversal. UM is the only higher education institution from Macao to make the list.
Among all the business schools in the Far East with 3 Palmes of Excellence, UM’s FBA was ranked No 3 in mainland China, Hong Kong, and Macao. The first and second spots went to Shanghai University of Finance and Economics, and Beijing Jiaotong University’s School of Economics and Management, respectively.
Eduniversal has also selected 4,000 best master’s and MBA programmes in 30 fields of study worldwide, based on the reputation of the programme, the salary of the first employment, and student satisfaction. For the 2015/2016 period, three programmes offered by UM’s FBA, namely Master of Science in Accounting, Master of Science in Finance, and Master of Science in International Integrated Resort Management, made the list.
Headquartered in Paris, Eduniversal is a global business school ranking and rating agency. Since 2007, Eduniversal has been releasing annual rankings of the world’s best 1,000 business schools in 154 countries across nine geographical zones. The global mapping system, created by the Eduniversal International Scientific Committee, determines, from thousands of different business schools, which 1,000 will be selected for the ranking. These schools are then classified in each country by Palmes of Excellence (which measures a school’s global influence), according to a set of criteria designed to determine a school’s international influence, reputation, and quality. After the Palme classification (from 1 to 5) has been set, an international Deans Vote determines the rank within each Palme category. The final ranking shows, within each Palme category, the best business schools in each country.