MBA Courses in Australia

MBA Australia

Master of business administration (MBA)

Business and management students in Australia have the opportunity to learn in an environment that is uniquely placed between eastern and western cultures and economies. They develop a cultural understanding that, in the era of global development, is quickly becoming an important element of business success.

What an MBA offers you

The Master of Business Administration (MBA) is an internationally-recognised degree that provides students with practical and theoretical knowledge of how people and processes work, within the business world and in the wider community.

Australia’s universities offer around 90 internationally-recognised MBA programs. Most courses are delivered over a period of one to two years of full-time study. However, most MBA students study part-time and this can take several years (up to four years or longer in some cases).

As well as providing education benefits, the MBA also offers worldwide networking opportunities, expanded personal skills and career enhancement.

An Australian MBA course will improve your skills by promoting your ability to work as an effective team member, to lead others, and to develop strong interpersonal relationships through increased self-confidence, and communication, presentation and negotiation skills.

Basic subject areas of an MBA

The MBA introduces students to the various business disciplines and prepares them for general management roles. In general, business schools in Australia have the following compulsory units:

accounting
economics
finance
human resources management
marketing
operations
organisational behaviour
data analysis/statistics
business policy/strategy.

Specialisations within the MBA

There are around 20 specialisations offered within the MBA ranging from international management to Chinese language to health services management. Specialist programs allow students to focus on their professional area while learning the fundamentals of business and management. Students also have the option of studying an MBA in combination with another masters program. There are a number of providers that offer these MBA combined programs.

Study modes

As well as through full-time and part-time study, Australian MBAs can also be taken through distance education, study via the internet, and mixed-mode, which involves a combination of external and on-campus study. Not every MBA provider will offer every study mode.

MBA workload

MBA programs typically have an extremely heavy workload due to the amount of subject matter covered, and to simulate the demanding workload of a senior executive. The heavy workload is also designed to give students the opportunity to develop good time management skills, which will be essential during their careers.

Average tuition costs

A$16 320 to A$52 000*

Fees range widely due to differing course lengths and provider requirements so it’s important to check fees with individual providers.Please note fees vary widely and should always be sourced from the relevant institution.

Entry requirements

Entry requirements vary considerably. Institutions generally require a bachelor degree from a recognised tertiary institution, several years management experience, plus good communication skills in written and spoken English. Most courses require an IELTS or TOEFL qualification if English is not your first language.

Business schools may also require personal references, work experience, evidence of career progression, and a personal statement.

The Graduate Management Admissions Test (GMAT) is an aptitude test for applicants to business schools. It is, however, not essential for most institutions and is generally used as an optional extra, or for people who do not meet other entry requirements.

Application dates

Application dates vary between institutions. Some institutions offer two intakes a year, with programs generally commencing in January and July; others offer a three-semester year with intakes generally in February, July and November. A few institutions also offer four intakes per year.

Alternatives to the MBA

The traditional MBA has given rise to a range of other programs. The ‘executive MBA’ (EMBA), for example, is typically a shorter, more intensive advancement course designed for senior managers who may lack the tertiary academic qualifications required for entry to other MBA programs. There are a number of other programs for managers, most at the masters level, such as the Master of Management (MMgt) and the Master of Technology (MTech). Such courses are aimed at people currently employed in or seeking careers in engineering, manufacturing and similar industries. Other courses such as the Master of Entrepreneurship and Innovation (MEI), are designed for people intending to start innovative new businesses or play a leading role in an innovative unit of an established organisation.

Beyond the MBA

Another development for professionals who have completed an MBA or equivalent is the Doctor of Business Administration (DBA). The DBA provides an opportunity to further advance knowledge and understanding in an area of interest, and is achieved through applied research and some coursework study.

* Figures sourced from The Good Universities Guide to MBA and Executive Short Courses, 2006 edition.

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