The UCT Graduate School of Business (GSB) has claimed its place in the 2017 Financial Times rankings of the world’s top customised executive education offerings, beating competitors from as far afield as France, Canada, Italy, Norway and Belgium and signalling that African business schools are serious contenders in the international space.
The GSB has retained its place in the top 100 business schools in the world for the 7th consecutive year and has been rated as the fastest-growing business school globally in terms of growth in its revenues from customised programmes over the past three years. The GSB, which is one of five African universities to make the list, was ranked 70th in the 2017 Financial Times ranking of the world’s top customised programmes, globally recognised as a pre-eminent benchmark for business schools.
“The ranking has important implications for all the school’s customers – students and companies – who want to know that they are selecting a business school that is globally recognised,” said Kumeshnee West, director of executive education at GSB. “We believe we’re growing so fast because we understand that training interventions need to make a significant impact on people’s performance and the organisations bottom line and we know how to achieve this.”
Universities are ranked based on a variety of factors including programme preparation, teaching methods, materials, design, new skills and learning, diversity of faculty and “future use”, which indicates strong, long-term relationships with clients. In addition to being rated number one for growth, the GSB achieved high scores in the quality of programme design, teaching methods and materials, facilities and value for money, as well as the crucial area of future use. Diversity of faculty was also a plus point. The scores are assembled using three years’ worth of data.
“It is significant to see African campuses gaining ground where the business school environment is becoming increasingly competitive,” said GSB director Mills Soko. “It is indicative of an ongoing commitment to excellence on local territory – but also an increased recognition from the global community that African business schools are serious contenders in the international space. The result represents a continued victory for the GSB in challenging political and economic times. It also underlines the ongoing, if not increased need, for continued top-class business education in an unpredictable environment.”