The University of Melbourne continues to exceed world standards in research, according to the State of Australian University Research 2018-2019: ERA National Report, released by the Australian Research Council (ARC).
The ERA report showed that the Faculty of Business and Economics was deemed to be 'well above' world standard ratings in all seven seven-fields it was assessed for.
The seven sub-fields include Economic Theory; Applied Economics; Econometrics; Accounting, Auditing and Accountability; Banking, Finance and Investment; Business and Managemet; and Marketing
The Faculty was also assessed as 'well above' world standard in the broad research fields of Economics and Commerce and Management, Tourism and Services.
Associate Dean (Research) at the Faculty of Business and Economics, Professor Graham Sewell, said the results reflected the commitment of FBE researchers and the strength of the University's research community.
"This outstanding result serves as a fitting testament to all the remarkable research contributions made by members of the Faculty since the last ERA exercise in 2015," Professor Sewell said.
"It also demonstrates our continued commitment to being one of the world's leading faculties of business and economics."
The University of Melbourne broad research fields were assessed as ‘above’ or ‘well above’ world standard.
The University of Melbourne saw an increase of almost 20 percent in the number of sub-fields assessed as ‘well above’ world standard across all discipline areas.
Vice-Chancellor Duncan Maskell said the ratings in the ERA report reflect the outstanding efforts of researchers from across the University.
“Our academic staff devote their careers to pursuing discoveries that have a profound impact around the world,” Professor Maskell said.
“In many cases, it is research that leads to economic, social, and environmental benefits. I am very pleased the difference our researchers continue to make to people’s lives is captured in the ERA report.”
The ERA report is Australia’s national research evaluation framework that identifies and promotes excellence across the full spectrum of research activity in Australia’s higher education institutions.