MBA courses in Australia
A Masters in Business Administration gives you a foot in the door for many roles in a range of industries. In a time of change and rapid advancement, an MBA equips you with valuable management skills.
An MBA is a postgraduate qualification that gives individuals a competitive edge. With advanced skills in management and business, people with an MBA are qualified for a range of diverse roles and industry types.
What is an MBA?
A Master of Business Administration (MBA) is a postgraduate course which can be completed after a range of undergraduate degrees. It’s designed to equip students with skills that are directly applicable in the workforce, especially in management roles. They are often skills that are more in depth than you would learn on the job, taught to be completed with speed and accuracy.
- Management skills
- Problem solving
- Financial skills
- IT/ computer skills
- Data skills
- Time management
- Risk management
- Communication / interpersonal skills
Why should you get an MBA?
Basically, an MBA provides you with a competitive advantage. Employers want people with the advanced interpersonal, strategic, entrepreneurial and leadership skills that an MBA provides.
These days, an MBA is also increasingly taught in a style that is flexible and can work in with life. Whether you’re working already or have family responsibilities, many MBAs can be structured to suit your lifestyle and commitments.
What career options come from an MBA?
An MBA offers a huge range of opportunities in almost any industry. Because the skills taught focus on broad management strategies and techniques, there are almost no limitations around where the qualification can be applied. If you are passionate about an area or trade, the skills taught in an MBA map onto it perfectly. Typically, an MBA prepares you for roles such as:
- Managing director, Chief Executive Officer and other high-level management roles
- Strategy/ operations consulting
- General Manager
- Data analytics
- Strategic Manager
- Corporate finance roles
- Chief Operating Officer (COO)
- Project management
- Sales/ business development
- Account management
- Brand management
All roles give you the ability to make positive change within an industry, a workforce, and people’s lives.
Employment outlook for those with MBAs
Because the skills are transferrable, employment roles upon graduation are extensive. The top five soft skills that MBA employers look for include:
- • Communication skills
- • Strategic thinking
- • Interpersonal skills
- • Management skills
- • Leadership skills
This makes an MBA a great choice to get into a starting career and then equip you with real-life skills that will help you land the role you want in the future.
What does an MBA entail?
You will need a Bachelor’s degree in order to be accepted into an MBA course. Added to this, relevant experience in the workforce can help you not only to start the course, but understand the real-world implications for your learnings.
An MBA generally is two years of full-time study or the equivalent. This does vary from one university to the next though. You can expect to deep-dive into topics such as:
- Managing teams and leading people
- Development of individuals and groups of people
- Financial management
- Operational improvements and management
- Implementing and developing strategies
- The economics of decision management
- Business research methods
- Decision making for business
- Corporate responsibility and strategies
- Electives such as international trade, transformational leadership or HR management
What skills are needed to pursue an MBA?
A good manager excels in problem solving and decision making, particularly when under pressure. You’ll need to be an active listener and be able to think critically. Ideally, a good manager should be able to take the initiative in a range of situations and scenarios.
MBA courses in Australia
The University of Sydney has an intensive 18 month MBA that focuses on skills for the modern world. Business is complex, full of disruption and ambiguity, and the fundamentals of the previous iterations of an MBA are dead. The University of Sydney designs their MBA to give a deep understanding on modern finance, marketing, leading teams in a digital world and leveraging the power of big data.
The University of Melbourne has a one year course that is designed for maximum career impact. It’s challenging, fast paced, and espouses an adaptive mindset and resilience in business. The network of peers you’ll develop when learning will help you keep momentum as you push into your career.
The University of Queensland Business School’s MBA course is ranked number one worldwide for student quality. You can take an intensive 12 month course, or a structed approach over 24 months to fit around commitments. This MBA is about facing complex challenges in a constantly changing world, where you and your peers lead the way.
The Business School at Adelaide University offers an MBA that is ranked number two in Australia. It is designed to teach you to deal with complex problems in a systematic, integrative and collaborative way. It’s a one to two year course, depending on specialisations and how you wish to structure your learning.
In Perth, the University of Western Australia offers an MBA that gives you direct contact with the business leaders in the area. This 12 to 18 month course is focussed on creating strong leaders that deliver outstanding results in business.
Is an MBA a good investment in your future?
Absolutely, yes. An MBA makes you highly employable, with a range of skills that can be used in almost any industry and role. If you’re thinking about studying an MBA, contact us at IDP. We can help you make decisions about where to study, how to structure your course, and even give you visa advice. We know the way, and we want to help you get there.