These usually combine core MBA courses in management with a specialist track of courses focused on your area of interest. Core MBA courses cover the foundations of general management. Core courses typical of MBA programs include:.
Elective MBA courses give you the opportunity to select courses that best match your individual career goals. You usually study the core MBA syllabus before choosing electives in the second half of the program. There are a wide variety of elective courses covering anything from HR management, nonprofit management, entrepreneurship, sustainability and CSR, to cutting-edge topics like artificial intelligence and blockchain. Most MBA courses are taught using the case study method, made famous by Harvard Business School, which sees students analyze case studies of business successes or failures before discussing them in class.
You learn the business theory during an MBA before applying your learnings in group project work or even real-world consulting projects. Outside class, you can immerse yourself in all aspects of business school life: MBA clubs, extracurriculars, networking events, conferences, competitions, company visits, and exciting international immersions.
What can you do with an MBA degree? Pretty much anything you set your mind to. An MBA prepares you for jobs in a variety of industries and roles. Typical MBA jobs include:. Employers love hiring MBA graduates and many recruit on campus. Increasingly, MBA graduates can be found in industries ranging from healthcare to nonprofits working for both multinationals and startups, and many start businesses of their own.
In , 18 percent of Stanford Graduate School of Business graduates dedicated themselves to entrepreneurship and launched their own ventures.
Several years after graduation, MBAs progress to senior, executive-level jobs. Getting an MBA degree will boost your salary prospects. Three years after graduation, MBA salaries can increase by well over percent.
Across the top 10 MBA programs ranked by the Financial Times in , students increased their salaries by more than percent on average three years after their MBA. Your average MBA salary prospects naturally vary depending on your industry, role, and the business school you go to.
The highest-paying MBA jobs tend to be in finance or consulting. Immerse yourself in the learning experience by opting for the full-time MBA. Studying the MBA full-time can also provide you with the extra time to obtain professional experience while you gain your accreditation. While there are opportunities to work flexibly in online learning environments, full-time study is best suited for those who have the capacity to commit to two subjects per trimester, each accumulating to 3 hours of classes plus approximately 14 hours of self-study a week, to achieving their accreditation.
Keep your career on path and maintain your obligations outside of studying, by undertaking the MBA on a part-time basis.
Part-time study can offer full-time professionals flexibility, a better approach to time management, while still achieving your goals and necessary accreditation to progress in your career. Equally, those who have family obligations, or those requiring study with a lot more flexibility would benefit undergoing a part-time MBA. At KBS this would mean committing to one subject a trimester involving 3 hours of classes plus approximately 14 hours of self-study a week. The main benefit on an online MBA is that you can choose to study when it suits you!
The flexibility of the online MBA is such that you can attend the weekly live webinars or listen to the recorded versions at a later time. You can find out more here. You may be asking yourself: is an MBA degree right for me? What impact will it have on my career? Here are some of the top reasons graduates and working professionals choose to pursue an MBA in Australia:.
Age should never be a factor when considering the best time to undertake an MBA in Australia. In fact, many professionals specifically opt to return to study an MBA in various stages of their careers, especially after they have gained their desired amount of industry and life experience. Those who have just completed their undergraduate degrees can equally benefit from undertaking the MBA to fast-track their career progression. A business school is an independent private higher education provider.
Kaplan Business School, for example, offers nationally accredited diploma, undergraduate and postgraduate level courses in business-related areas. You cannot have a university that offers only business programs, for example. They are required to provide a broader spectrum of degrees and staff are required to research in addition to teaching.
Institution size: universities can be huge, with thousands of students on one campus and can offer many different clubs, societies and facilities. Business schools tend to be much smaller, with more student support, less staff and reduced class sizes. These can lead to a more individualised, personal teaching environment with greater one-on-one attention. Industry connections and work placement: although this is no longer true of the more modern universities, older universities tend to focus on academic outcomes.
On the other hand, the reputation of a business school is based heavily on student support and the performance of their graduates in the workforce rather than the research of their academics. Entry requirements: each institution has specific entry requirements for courses. Universities often do not offer these courses, but they do accept articulations from specific colleges or schools.
Although all MBA options will provide you with transferrable skills that can be applied across various industries, an MBA with a specific specialisation provides you with more in-depth knowledge of your specialised area. At KBS for example, rather than choosing six electives as part of a general MBA, you will choose three electives, and study three specialisation core subjects.
You also have the option of completing a dual specialisation. This enables you to graduate with two specialisations, without having to complete any extra subjects. On the flip side, the general MBA gives you the flexibility to tailor your MBA to include subjects available across all specialisations, which means you can pick up skills, tools and knowledge from a wider range of interest or career areas.
Essentially the choice of general MBA versus MBA specialisation comes down to your unique interests and how sure you are of your career trajectory. Still undecided? Why not take our quiz to see if a specialisation is the right fit for you. Undertaking an MBA degree will provide you with the principles and practices of good management and leadership.
The structure of the MBA consists of several core subjects aimed at providing you with essential knowledge in management, accounting, economics, strategy, and operations and a number of elective subjects which tend to complement the industries you aim to engage with. Undertaking the MBA also provides you with much-coveted industry insight and connections, presentations from industry guests who have real world experience, professional networking, work placement opportunities and personalised employment services.
Other services available for MBA students include career hubs a network of careers advisors who can hook you up with amazing internships, workshops and job opportunities! Hone your communication skills by reaching out to the right people at the right opportunity, attending networking events, and liaising with professionals within your field. Doing your prep work for each subject: The more your read, the stronger your foundational knowledge will be when you step into the next phase of your career.
Assuring you complete your prep work will provide you with a deeper understanding of complex issues and allow you to engage much more effectively in class discussions. This will show whether courses meet international standards. It suggests more effort needs to be made to encourage and support women studying MBAs.
But you tend to get what you pay for in terms of career progression, salary, student support, knowledge and networks. Go to open days at business schools, meet with current students and alumni and find out which school is the best fit for you.
Understand the commitment that you will be making and decide which type of course will work for you. Business schools generally ask for:. We value your privacy We use cookies to allow this site to work for you, improve your user experience, and to serve you advertising tailored to your interests. Your Privacy. Manage consent preferences Strictly Necessary Cookies. They are essential for you to browse the website and use its features.
Functional Cookies. Performance Cookies. Marketing Cookies. Book your spot now at any upcoming open day or virtual event. Choosing what to study What's an MBA? Everything you need to know about the Master's of Business Administration, the world's most popular professional degree programme. Resalat Rasheed 02 Sep Bookmark article. What are MBA accreditations? Why do an MBA? How well are women represented in MBAs?
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