Thrive in a leadership and management position, and further enhance your business career prospects, with a Master of Business Administration Course (MBA). Through the study of both general and specialised units, students of MBA Courses will gain a thorough knowledge of business administration practices, advanced problem-solving skills, trending leadership styles, and management of finances. Overall students of an MBA Course will come away with a deeper understanding of the day-to-day business functions, as well as the skills to implement a range of specialised business functions, systems and practices.
What do mba graduates do?
As Master of Business Administration course graduates work in a broad range of sectors, no two roles share the same responsibilities. However, you’ll likely work in a senior management role after graduating, such as working as a chief executive officer or executive director, and your responsibilities may include tasks like:
- Developing and reviewing organisational goals, standards, policies and procedures;
- Determining, managing and assessing budgets;
- Developing and reviewing strategic plans;
- Directly managing and directing a team of people, and performance-managing people to achieve tasks;
- Reviewing and allocating business resources;
- Making key strategic decisions, including authorising budgets, recruitment and other organisational resources;
- Proactively assessing and identifying risks to the organisation, and responding with decisive action and planning;
- Meeting and consulting with relevant team members on all aspects of organisational management, including finance, sales and human resources;
- Fostering organisational culture;
- Proactively seeking funding and public and political support;
- Representing your organisation at public functions and events; and
- Preparing, writing, researching and analysing reports, budgets and forecasts, and presenting them to shareholders or a board of directors.
Graduates of Master of Business Administration courses usually pursue employment in leadership and management roles, which are available across a broad range of industries. You may choose to work as a:
- Financial Broker
- General Manager
- Human Resources Manager
- Property Manager
- Management Consultant
- Office Administrator
- Marketing Officer
- Business Systems Analyst
- Project Support Officer
- IT Manager
- Team Leader
- Marketing Manager
- Chief Executive
- Managing Director
- Senior Manager
- Chief Executive Officer (CEO)
- Sports Manager
- Financial Planner
- Administration Manager
- Business Strategist
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You’ll thrive studying an MBA course if you:
- Are proactive
- Enjoy leading and making decisions
- Love working with people
- Are disciplined
- Have excellent communication and interpersonal skills
- Like challenges and problem-solving
- Thrive when challenged
- Have strong organisational and time management skills
- Enjoy fast-paced and high-pressure work
- Have big ideas and plans
- Enjoy big-picture thinking
A range of job opportunities exists for graduates of Master of Business Administration courses. According to the Australian Government’s Job Outlook, approximately 100,000 people are employed in Australia as either managers, managing directors or CEOs, and growth is expected in all management roles over the next five years.
Job Outlook reports that approximately 58,000 people are employed as CEOs in Australia, and projects that approximately 9,000 more will be hired by 2020. Similarly, Job Outlook reports that approximately 51,000 people are currently employed in other general management roles, and that this number will rise to 59,000 by 2020. It considers this growth to be extremely high in percentage terms for both roles.
According to PayScale, a CEO can expect to earn between $98,000 and $303,000 per year, with an average salary of approximately $182,000. PayScale notes this salary is highly dependent on experience, with CEOs with 20 years’ experience or more earning up to $75,000 more than CEOs with less than five years’ experience, and that CEOs often receive a proportion of their income through profit-sharing.
In other management roles, PayScale reports a general manager can expect to earn between $65,000 and $132,000 per year, and an operations manager can expect to earn between $65,000 and $103,000. Salaries for these roles are similarly dependent on experience.
Job Outlook notes that a very high proportion of managers are employed in full-time work – approximately 93 per cent of all general managers and 89 per cent of all CEOs are working full-time.
- Australian Chamber of Commerce and Industry
- Business Council of Australia
- Career Industry Council of Australia