Australians Are Choosing These Fast & Affordable Online MBA Degrees In 2020
Are you pursuing a new career opportunity and don’t know where to start? Luckily, there has never been a better time to improve your curriculum with an MBA degree. The wide variety of courses offered in Australia are surprising people who were lost in their careers. The astonishing improvement one can get in their resume by adding an MBA is impressive to many professionals.
It’s tough to choose the best MBA degree for your career. With so many courses available, it can be hard to pinpoint the best one to apply for.
MBAs are a gateway for fresh business knowledge that can fine-tune what you learned from your bachelor’s. It’s the opportunity to master a skill for a more prosperous career in a reputable organization.
In this guide, you’ll learn what an MBA is and discover the MBAs available in Australia.
You’ll also learn how to select the best MBA for your professional goals.
What is an MBA degree?
MBA stands for Master of Business Administration. It is a graduate degree you can pursue after a bachelor’s to improve your business skills and knowledge.
MBAs were created in the US in the 20th century when businesses decided their management needed to be grounded in science.
According to Investopedia, an MBA can be focused on a specific area, such as accounting, finance, or marketing.
An MBA is usually a 2-year course, and to obtain one, you must first apply to a program and fulfill its selection criteria.
Criteria can vary for each institution, but most ask for a Graduate Management Admission Test (GMAT), a CV with previous business experience, and a personal statement with your professional goals.
What are the types of MBA degrees?
There are several types of MBA, which vary according to study time and availability of the student.
Check out a list of the types of MBA degrees below:
- Full-time MBA (2 years with weekday classes)
- Part-time MBA (3 - 4 years with weekend or evening classes)
- Accelerated MBA (1 year with shorter breaks between semesters)
- Online MBA (time depends on the institution and the student’s availability)
- Executive MBA (1 - 2 years with weekend or evening classes)
- Global EMBA (time depends on the course since this degree is obtained by attending universities in different countries)
Why should I get an MBA degree?
An MBA degree is important for professionals in senior or executive roles in businesses.
Many transnational companies require all managers to have an MBA, so if you wish to have a successful career in a big organization, an MBA is a must.
Also, MBAs can help you learn skills you probably didn’t obtain during your bachelor’s, such as knowledge of finance or business governance.
And Australia is an Economy that has transnational companies that work closely with Asian superpowers such as China, Japan, and Indonesia. An MBA can give you an international opportunity to work with professionals from other nations.
And if you decide to obtain a Global EMBA, you’ll network with international businesspeople, which can leverage your CV for a global market!
How to pick the best MBA for your career
The best MBA depends only on the career you wish for yourself.
There’s no miracle solution that works for everyone.
For example, a manager in a non-profit would achieve far more with a Social Impact MBA than a finance MBA.
You have to read the program’s subjects and see if the knowledge they offer is valuable for your professional goals.
Also, if you are seeking an MBA because of corporate pressure, make sure you’ll be compensated for it by the company you’re working for.
Will you receive a better paycheck? Will an MBA open doors for a new leadership position?
Think carefully before picking your MBA. The key is to study the course program carefully and think about how it aligns with your professional goals.
Where can I obtain an MBA in Australia?
There are several MBAs to choose from in Australia.
In fact, according to FindMBA, there are 45 Institutions offering MBA degrees in Australia for you to study.
Check out a list of 10 institutions with MBA degrees in Australia below:
- Melbourne Business School (MBS)
- MGSM Macquarie Graduate School of Management
- University of New South Wales (UNSW) - Australian Graduate School of Management (AGSM)
- University of Sydney
- Queensland University of Technology (QUT) - Brisbane Graduate School of Business (BGSB)
- The University of Queensland - UQ Business School
- University of Technology, Sydney (UTS) - Graduate School of Business
- University of South Australia (UniSA) - Business School
- The University of Adelaide - Adelaide Graduate School of Business (AGSB)
- Deakin University - Deakin Business School
Now you are ready to apply for the best MBA degree for your career!
Remember to read the course program and choose wisely.
Knowledge from an MBA must reflect in positive change for your profession, be it in your workplace or for better job opportunities.