The Master of Business Administration offered by the University of Wollongong's Sydney Business School is the best of its kind in Australia, according to a new global ranking.
The London-based International Graduate Forum (IGF) ranked the degree number one in the country in its new rankings published in CEO magazine.
The IGF is a new global ranking of MBAs focused on the quality of the in-class experience and the quality of the teaching faculty.
The Sydney Business School has also achieved a four-star rating in the new international QS ranking system for business schools - the QS Business School Stars.
This compares business schools across seven criteria, and the Wollongong-based school scored the maximum five stars for two of the categories - facilities and internationalisation and diversity.
Sydney Business School business manager Sue Mathews said the two recent awards were further recognition of the institution's international standing.
"It's incredible to gain the number one position for the MBA in the IGF rankings," she said.
"All rankings focus on different criteria and this one was based on a number of areas in which the business school really excels.
"It looked at the size of the school, and being small was an advantage in this case, and it also looked favourably on the niche programs that we offer.
"As well it looked at the professional qualifications of our lecturers as well as their academic qualifications - and all of our lecturers have industry experience so that was to our advantage also."
The Sydney Business School was established 15 years ago and has premises at Fairy Meadow's Innovation Campus, as well as at Circular Quay, Sydney.
It caters for around 600 domestic and international students at each site, offering a range of postgraduate qualifications including the MBA, Executive MBA and masters degrees in business coaching, project management and logistics.
"The QS Business School Stars is a brand new ranking and achieving a four-star ranking is a demonstration of our quality across the board," Ms Mathews said.
"It's recognition of the excellent student experience we offer and the fact that we are well recognised by employers for choice of employees.
"It also reflects the fact that we have state-of-the-art facilities, both in Wollongong and Sydney, and that we work with corporates to make sure that our programs remain relevant."