North Ryde. MGSM made profit of $4.8m

The Macquarie Graduate School of Management (MGSM), the only stand-alone school of management in Australia, made a $4.8 million profit last year, according to a report to parliament by the NSW Auditor-General. MGSM held assets worth $9 million at December 31. MGSM will remain separate from the faculty of economics and commerce, following a review. In 2005, The UWS Sydney Graduate School of Management, was placed within the College of Law and all business and staff of SGSM Ltd was transferred to the university.