UTS Business School research in Economics and in Commerce and Management has been assessed as above or well above world standard in the official Excellence in Research for Australia (ERA) assessment, placing it equal third in Australia across these two fields.
Economics overall received a rating of 5, while Commerce, Management, Tourism and Services received a rating of 4.
No other non-Group of Eight university achieved an assessment of 4 or 5 in these fields of research.
UTS ranks behind only University of Melbourne and UNSW (with a combined assessment of 10) and alongside University of Queensland (with a combined assessment of 9) in these two fields of research. In the ERA system, 4 is above world standard and 5 is well above world standard.
The assessment for Economics places it equal first with the University of Melbourne and UNSW (at the two-digit level) in Australia. The assessment for Commerce and Management puts us equal fourth in Australia, behind only Melbourne, UNSW and University of Queensland.
'The assessment for Economics
places it equal first'
In Economics, 100 per cent of its research was rated above, or well above, world standard. UTS research in Accounting, Finance, Management, and Marketing all achieved ratings of 4, which is above world standard. The school’s researchers in Finance also made a significant contribution to Applied Mathematics at UTS, which was also assessed as above world standard.
“This great result places us in the top band of Australian business schools,” the Dean of UTS Business School, Professor Roy Green, says. “We are on an upward research trajectory, in line with our ambition to be one of the top three business schools in Australia. This is gratifying and encouraging as we enter a new phase as a school.”
In 2015 UTS Business School opened the Dr Chau Chak Wing Building, where world-renowned architect Frank Gehry specifically created spaces to encourage greater collaboration in research and to facilitate new styles of teaching.
“We wanted a building that would bring transformational change to our research and teaching,” Prof Green says. “These latest ERA results are from the research efforts before our move into this extraordinary building, so we look forward to seeing the outcome of future evaluations.”
'The results complement the reputation
the school already has for research
that is relevant and impactful'
Associate Dean, Research, Professor Stephen Taylor, says the “outstanding” results from the 2015 evaluation highlight the calibre of the research being conducted inside UTS Business School.
“This achievement is testament to the talent and hard work of our researchers,” Professor Taylor says. “The ERA results complement the reputation the school already has among policymakers and industry for producing research that is relevant and impactful.”
The ERA evaluation, conducted by the Australian Research Council, reviews and rates the quality of the research conducted at Australian universities. Ratings are determined by committees of distinguished researchers, drawn from Australia and overseas.
Photo: Professor Roy Green Image Credit - Nathan Rodger