The University of Sydney Business School is the business faculty and a constituent body of the University of Sydney. It was established in January 2011 and formed from the School of Business within the previous Faculty of Economics and Business. The former combined faculty itself descended from the original Faculty of Economics founded in 1920, which was the first faculty of its kind in Australia.
The Business School has an exceptional academic reputation and currently ranks 12th in the world for Accounting and Finance as per the QS World University Rankings by Subjects (2014). It was the first business school in Australia to receive accreditation by the Association to Advance Collegiate Schools of Business (AACSB)〔(Association to Advance Collegiate Schools of Business - Schools Accredited in Business ), retrieved on 2008-01-15.〕 and the European Quality Improvement System (EQUIS) from the European Foundation for Management Development.〔(European Quality Improvement System Accredited Members ), retrieved on 2008-01-15.〕 It is also the only Australian business school to become an Associate member of the Global Alliance in Management Education (CEMS).〔- Global Alliance in Management Education, retrieved on 2011-08-10.〕 The Business School's CEMS Master's in International Management (CEMS MIM) is currently ranked as the No. 5 Masters in management programs in the world and the Master of Management program is ranked as No. 1 in Australia and top 50 worldwide (Financial Times 2014 Business School Rankings). In 2013, the University of Sydney Business School's Global Executive MBA ranked as the nation's No.1 EMBA program by the Australian Financial Review's BOSS Magazine.
In 2014, the Business School had a total student enrolment of 7,202, consisting of 3,439 undergraduate and 3,763 postgraduate students. In terms of total enrolment numbers it is the University's second-largest faculty. By large margins, the Business School had the greatest number and proportion of international students of any of the University of Sydney's 16 faculties. In 2014, 53% of the school's enrolment consisted of international students, more than double the University-wide rate of 22%.
Established in 1920, the Faculty of Economics initially offered the ''Bachelor of Economics'' degree which commenced in 1914. The postgraduate ''Master of Economics'' degree commenced in 1925.
In 1985 the faculty introduced its second undergraduate and postgraduate degree programs, the ''Bachelor of Economic and Social Sciences'' and the ''Master of Economic and Social Sciences'', respectively.
In 1993 its third undergraduate degree program, the ''Bachelor of Commerce'', was introduced. The ''Master of International Studies'' followed in 1994, the ''Master of Commerce'' in 1995 and the ''Master of International Business'' in 1999.
In 2005 the Business School ended its association with the jointly run Australian Graduate School of Management with The University of New South Wales.
From 2006 to 2007, the University conducted a review of its social sciences faculties. As a result of that review, it was determined that parts of the School of Economics within the Faculty of Economics and Business were to be transferred to the Faculty of Arts (as it then was). In January 2008, the disciplines of Government & International Relations and Political Economy were transferred to the Faculty of Arts. In January 2011, the Discipline of Economics, the Centre for International Security Studies and the Graduate School of Government were also transferred to the Faculty of Arts, which was renamed the Faculty of Arts and Social Sciences. Concurrently, the remaining disciplines of the Faculty of Economics and Business formed the University of Sydney Business School.
On 30 July 2009, the Business School announced the launch of the Global Executive MBA program, which was commenced in February 2010.
On 30 July 2012, the Business School announced the introduction of the Sydney Master of Business Administration (MBA) program,〔http://www.afr.com/p/national/education/sydney_mba_seven_year_hitch_ends_UOD4HBh6ljCb9h1aW0iRUO〕 with the program starting February 2013. Particular emphasis has been put into making positioning it as an internationally recognised degree.〔http://www.afr.com/p/national/education/university_of_sydney_makes_new_mba_GZe2AXeSKyOXCT7m4UyAsO〕
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