AUSTRALIA MBA: PROGRAM FEES

The Australia MBA programs on offer come with a wide variety of fees. 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.

There are many reasons for this including the most basic one that what is being offered is not the same in each case. For example, there might be differences in duration or facilities and materials that account for part of the difference in the total fee. They develop a cultural understanding that, in the era of global development, is quickly becoming an important element of business success.

It is therefore important to consider what is being offered for the fee rather than just the fee itself.

The Australian Master of Business Administration (MBA) is an internationally recognised that provides international 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 almost 100 internationally recognised MBA programs. Most courses are delivered over a period of one to two years of full-time study. In addition to educational excellence , the Australian MBA also offers worldwide networking opportunities, expanded personal skills and career enhancement.

An Australian MBA course will also improve your personnel skills by promoting your ability

· to lead others, and

· to develop strong interpersonal relationships through increased self-confidence, and

· communication, presentation and negotiation skills

· to work as an effective team member.

Diiferent Study modes for Australian MBA

Australian MBAs are available through full-time and part-time study, and can also be taken through distance education, and mixed-mode, which involves a combination of external and on-campus study. Not every MBA provider will offer every study mode so it’s important to check with providers you’re interested in.

Workload for Australian MBA

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.

Specialisations within Australian MBAs

There are around 20 specialisations offered within Australian MBAs, 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.

Compulsary Units of study for Australian MBAs

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

· accounting

· economics

· finance

· human resources management

· marketing

· operations

· organisational behaviour

· data analysis/statistics

· business policy/strategy.

Entry requirements for Australian MBAs

Entry requirements vary considerably. Institutions generally require a Bachelor Degree from a recognised tertiary institution, several years of 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, 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.

Average tuition costs for Australian MBAs

· AUD$16 320 – $52 000 for international students

Fees range widely due to differing course lengths and provider requirements so it’s important to check fees with My Study in Australia Student Counsellor.

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 often aimed at people currently employed in or seeking careers in specific 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.

What else after AUSTRALIAN 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.