This is the second year that The Economist has published a global ranking of Master of Management courses and the second time that the Business School's flagship postgraduate program has topped the list for Australia.
Only the world's top 40 Master of Management programs were included in the rankings, with the University of Sydney's course the only one in Australia to make the list.
Based on the answers to a series of questions put to students and alumni, the magazine found that the Business School performed particularly well in relation to culture, state-of-the-art facilities, and the quality of its academic staff.
This latest ranking by The Economist comes in the wake similar results for the Business School's Master of Management in surveys published by London's Financial Times newspaper and QS World University Rankings.
The Masters in International Management course, delivered by the global CEMS Alliance of more than 30 elite Schools including the University of Sydney Business School, moved up in The Economist's rankings from ninth to eighth place in the world.
The Dean of the Business School, Professor Greg Whitwell, described the latest result for the School's Master of Management and the CEMS program as "wonderful."
Top place in two consecutive years reaffirms our reputation as one of the world's leading providers of quality management education.
"It is also recognition of our commitment to providing students with the skills to lead in a challenging world."
"Master of Management programs are growing in popularity because employers are recognising the role that Business Schools have to play in preparing the next generation of global leaders," he added. "The demand for Master of Management graduates is on the rise."
"The program is specifically designed for recent business and non-business graduates seeking a dynamic business career," Professor Whitwell explained. "The students gain hands on experience working with multinational corporations, making invaluable contacts and forging future networks."
Recent alumni who participated in this year's ranking now work for brand-name companies such as Accenture, Boston Consulting Group, Deloitte, Ernst & Young, Hilti Australia, KPMG, Lendlease, National Australia Bank, Qantas and Volkswagen.
Internationally, the University of Sydney Business School ranked 35, with HEC School of Management in Paris and Switzerland's University of St Gallen topping the list.
Dr Suranga Seneviratne from the Faculty of Engineering and Professor Carol Hsu from the Business School analyse how the proposed registry will help prevent these scams.