The School's Master of Management program (MMgt) has also retained its position at number 34 in the world despite strong growth in the number of leading United States universities now offering the program.
The top QS Masters in Management ranking for the School's MMgt, which is a pre-experience program aimed at graduates from a broad range of backgrounds, comes in the wake of a similar result in the AFR BOSS rating of Australia's MBA programs.
The Master of International Management (MiM) course offered by members of the global CEMS Alliance of 32 Schools, which includes the University of Sydney Business School, has also been ranked in the top 10 management programs in the world by the QS organisation.
The Dean of the Business School, Professor Greg Whitwell, has welcomed the QS results as an "outstanding endorsement of our 'business not as usual' approach to management education and the global standard of our staff who prepare and deliver our MMgt program."
"Our international standing is particularly pleasing given recent growth in global competition," said Professor Whitwell. "We have seen a strong trend away from the traditional MBA and towards MMgt programs, particularly in the United States."
Of the 129 schools ranked by QS this year, 23 are in the United States, 26 are in the UK, 20 in France, 6 in Canada, 6 in Germany and 2 in Australia.
"Our ranking has again confirmed that our MMgt offers the strongest education and most germane business exposure in the country," said the program's Director, Associate Professor Betina Szkudlarek.
The impressive employment outcomes of our students within Australia’s leading firms and world’s largest multinationals are a clear testimony to the quality and relevance of the program.
Professor Whitwell, who is also Chair of the CEMS Global Alliance, described the its 8th place in the QS rankings as "excellent".
Founded more than 30 years ago as a pan-European organisation, CEMS now has member schools in South Korea, Canada, India, Singapore, Hong Kong, China, Chile, Japan, Brazil, Egypt, Australia and the United States.
Accredited member schools collaborate on the delivery of a "globally integrated" MiM program to around 1,300 students from about 80 different countries annually.
"These results again reflect the enormous success of CEMS since its very ambitious launch," said Professor Whitwell. "Most graduates today follow an international career path with nearly 100 per cent of CEMS alumni employed or continuing their studies."
The QS rankings are based on feedback from graduates and their employers related to employability, alumni outcomes, value for money, thought leadership and diversity.
This year, the University of Sydney Business School appears in the highly respected rankings with schools such as Spain's ESADE, the London Business School, HEC Paris, St Gallen in Switzerland and Shanghai Jiao Tong in China.