MORE FAQ
1. What is an MBA?
MBA is the Master of Business Administration degree. It is a 1 to 2 year postgraduate qualification that covers the fundamentals of business disciplines, such as accounting, economics, finance, management, marketing, quantitative methods, business strategy. Almost every university within Australia offers an MBA degree.
2. Are all MBA courses the same?
No. MBA courses vary on many dimensions: price; number of subjects; type of subjects; range of electives; flexibility; length of time to complete; method of assessment; mode of offering - full-time, part-time; distance education; specialisations available, eg. E-commerce.
3. What will I do in an MBA program?
You will study several foundation subjects as mentioned above. You will also study a variety of other subjects, depending upon the course structure. More specifically, each week you will have to maintain a commitment to your studies, particularly keeping up with reading the literature. On top of all this, you will be expected to meet deadlines for assignments; present analyses of complex business problems, usually by examining case studies; work in teams with your fellow students (some of whom you may not like, and vice versa!) in order to develop a group solution to the problem at hand. In short, you will be very busy!
4. What are the admission requirements?
The requirements for admission vary between universities. Generally speaking, most universities in Australia will require an undergraduate degree, with a minimum of two years' relevant work experience. Depending upon the institution, the requirements may be more rigorous; for example, a satisfactory performance on the GMAT; excellent grades in your undergraduate degree; outstanding references; demonstrated ability to both benefit from, and contribute to, the MBA program. In some cases, students may be admitted without an undergraduate degree. In such cases, candidates will normally have several years relevant managerial experience and may also be required to first enrol in a Graduate Certificate in Business Administration, articulating to a Graduate Diploma in Business Administration, and subsequently MBA, depending on grades achieved.
5. What is the time required to complete an MBA?
A full-time program in some universities can be completed in a year, or two years in other universities. Part-time programs can be completed in 2 years - to 6 years, depending upon the university, and the rate of progress by the student.
6. How much does an MBA cost?
Course fees range from around $8,000 to over $40,000.
7. Any other costs?
Yes. You will have to pay for textbooks; photocopying and any other incidentals related to studying; not forgetting living costs.
8. Will I have to pay my fees "up-front?"
No. Most universities will charge on either a term basis, or a per-subject basis.
9. Can I afford an MBA?
Can you afford not to? The MBA degree is a universally recognised business qualification, which should add value to your resumé and hopefully your salary. You may need to make some financial sacrifices in other aspects of your life (put off buying the Porsche until later!) If you still haven't enough money at your disposal, you may want to consider a loan for your MBA studies from one of Australia's leading banks.
10. Will my Company sponsor my MBA studies?
To find out, check with your Department of Human Resources. If you haven't got a Department of Human Resources Department, ask your boss if she/he is willing to sponsor you. Be creative, prepare a proposal that clearly demonstrates how your organisation would benefit from you undertaking an MBA. If they are still not convinced, how about proposing to your boss that you will pay the fees initially, and that the Company will reimburse you when you pass each subject. If that fails, try asking your Company to contribute a percentage of the fees, every little helps! If that fails, you should think of moving to a more progressive organisation.
11. How do I choose an MBA?
Examine the information available at whichmba.com, and find a program that meets your needs. Then contact the business school for more information, and an opportunity to ask questions.
12. How do I apply
You must obtain an application form from the university.
13. Which is the best MBA in Australia?
At whichMBA.com we do not judge, endorse, or recommend a particular MBA program. The reality is that the only way to accurately determine the quality of an MBA program is to undertake the course. Given that no one individual is ever likely to do this for each MBA program in Australia, any attempts to rank institutions are problematic. Thus, at whichMBA.com we advise that the best MBA in Australia is the one that meets your needs and requirements \'better than alternative MBAs\'.
MBA is the Master of Business Administration degree. It is a 1 to 2 year postgraduate qualification that covers the fundamentals of business disciplines, such as accounting, economics, finance, management, marketing, quantitative methods, business strategy. Almost every university within Australia offers an MBA degree.
2. Are all MBA courses the same?
No. MBA courses vary on many dimensions: price; number of subjects; type of subjects; range of electives; flexibility; length of time to complete; method of assessment; mode of offering - full-time, part-time; distance education; specialisations available, eg. E-commerce.
3. What will I do in an MBA program?
You will study several foundation subjects as mentioned above. You will also study a variety of other subjects, depending upon the course structure. More specifically, each week you will have to maintain a commitment to your studies, particularly keeping up with reading the literature. On top of all this, you will be expected to meet deadlines for assignments; present analyses of complex business problems, usually by examining case studies; work in teams with your fellow students (some of whom you may not like, and vice versa!) in order to develop a group solution to the problem at hand. In short, you will be very busy!
4. What are the admission requirements?
The requirements for admission vary between universities. Generally speaking, most universities in Australia will require an undergraduate degree, with a minimum of two years' relevant work experience. Depending upon the institution, the requirements may be more rigorous; for example, a satisfactory performance on the GMAT; excellent grades in your undergraduate degree; outstanding references; demonstrated ability to both benefit from, and contribute to, the MBA program. In some cases, students may be admitted without an undergraduate degree. In such cases, candidates will normally have several years relevant managerial experience and may also be required to first enrol in a Graduate Certificate in Business Administration, articulating to a Graduate Diploma in Business Administration, and subsequently MBA, depending on grades achieved.
5. What is the time required to complete an MBA?
A full-time program in some universities can be completed in a year, or two years in other universities. Part-time programs can be completed in 2 years - to 6 years, depending upon the university, and the rate of progress by the student.
6. How much does an MBA cost?
Course fees range from around $8,000 to over $40,000.
7. Any other costs?
Yes. You will have to pay for textbooks; photocopying and any other incidentals related to studying; not forgetting living costs.
8. Will I have to pay my fees "up-front?"
No. Most universities will charge on either a term basis, or a per-subject basis.
9. Can I afford an MBA?
Can you afford not to? The MBA degree is a universally recognised business qualification, which should add value to your resumé and hopefully your salary. You may need to make some financial sacrifices in other aspects of your life (put off buying the Porsche until later!) If you still haven't enough money at your disposal, you may want to consider a loan for your MBA studies from one of Australia's leading banks.
10. Will my Company sponsor my MBA studies?
To find out, check with your Department of Human Resources. If you haven't got a Department of Human Resources Department, ask your boss if she/he is willing to sponsor you. Be creative, prepare a proposal that clearly demonstrates how your organisation would benefit from you undertaking an MBA. If they are still not convinced, how about proposing to your boss that you will pay the fees initially, and that the Company will reimburse you when you pass each subject. If that fails, try asking your Company to contribute a percentage of the fees, every little helps! If that fails, you should think of moving to a more progressive organisation.
11. How do I choose an MBA?
Examine the information available at whichmba.com, and find a program that meets your needs. Then contact the business school for more information, and an opportunity to ask questions.
12. How do I apply
You must obtain an application form from the university.
13. Which is the best MBA in Australia?
At whichMBA.com we do not judge, endorse, or recommend a particular MBA program. The reality is that the only way to accurately determine the quality of an MBA program is to undertake the course. Given that no one individual is ever likely to do this for each MBA program in Australia, any attempts to rank institutions are problematic. Thus, at whichMBA.com we advise that the best MBA in Australia is the one that meets your needs and requirements \'better than alternative MBAs\'.