MBS began teaching in 1955 when the University of Melbourne offered Australia's first residential executive education program in the summer of that year.

This organization structure has helped create a major link between the university and those who have a responsibility for management.

the Centre brings together leaders to develop the networks and comprehensive skill-sets needed to advance the practice of sustainability in business.

[13] Additionally, Melbourne Business School withdrew from the Financial Times Executive MBA ranking after a staff member inappropriately encouraged students to fill out surveys rating their courses.

[14] MBS is unique among Australian business school's because of its hybrid ownership structure.