An MBA qualification (Masters Degree in Business Administration) will provide you with the kind of specialised training to put you at the top of your game. Fully equipped with a highly desirable skill set to lead in your current employment or prospective business opportunities, you will demonstrate outstanding administration qualities that you have undertaken in your MBA to coincide with your overall business goals.
Things to consider when choosing an MBA
How Much Time Will it Take?
On average an MBA takes around 3 years to complete juggling 3-4 classes a week: some students double up on units and do it in 18 months. Like most degrees, there is flexibility within the completion date and options to undertake your studies online, making for a more modern and manageable way to finish your qualification in amongst your home life and other work commitments.
To fit in your studies with your personal obligations you need to come up with a realistic study plan as to how much time you’ve got to dedicate to your MBA without weighing yourself down with having too many responsibilities.
What Do I Need to be Accepted?
Many MBAs in Australia require applicants to have an undergraduate degree… Don’t have one? Don’t count yourself out just yet, there are many providers that allow for alternative modes of entry into the full Master of Business Administration program. If you do not possess a formal tertiary qualification you can work toward an MBA by first completing a Graduate Certificate or Graduate Diploma program which will give you the chance to prove that you have the maturity and the academic capacity to manage the full MBA program. Entry into a Graduate Certificate and Graduate Diploma is more flexible than an MBA.
Do I Need an MBA?
Whether you are currently in employment or looking at venturing into a different career holding into a more prominent role, you will need to determine what the position within the company is and see if completing an MBA matches the criteria of the job you are going for. Talk to your employer and your education provider to tee up whether the coursework fits with the occupation you have in mind. The most popular fields that hold the MBA qualification in high esteem and often regard an MBA as necessary include Finance, Accounting, Management, Healthcare Administration, Marketing, Human Resources and Engineering, however, the leadership, business and management fundamentals taught in an MBA can be valuable and translated across many industries.
Want to be your own boss and see yourself more as an entrepreneur? An MBA offers all you need to run a business, it’s essentially a toolkit that covers accounting, financial analysis, statistics, economics, organisational behaviour, marketing and competitive environment analysis.
Will An MBA Help Me Get a Better Job?
Strong growth continues across the industries favouring their employees to have an MBA such as the financial, consulting, marketing and technology sectors. According to the QS Jobs and Salary’s trends report, Asia-Pacific where Australia, over Japan and Singapore, continues to hold the title for paying MBA graduates the highest salaries also boasts the top-ranked recruitment numbers in 2018.
Is an MBA Worth The Money?
On average, MBA graduates are currently receiving a salary level, plus added bonuses, paying well over $100,000 in Australia in 2018, the qualification is seen as a very good return on investment. Although according to the QS Jobs and Salary’s trend report recruitment figures which have risen quite significantly from 2017 in 2018 are expected to fall in 2019, but is predicted to also exceed expectations as 2018 numbers did.
Undertaking an MBA qualification will give you more responsibility in your job, help you to earn a greater income and overall build you up for a better future for yourself and those around you.