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University of Newcastle

  • 16% international / 84% domestic

There’s no better time for an MBA. Here’s why.

James Davis

Careers Commentator
A Master of Business Administration from the University of Newcastle can set you up for life. Read on to learn why enrolling now is a winning career move.

Why is now a good time for a Master of Business Administration (MBA)?

When Frederick Winslow Taylor published his seminal 1911 work, The Principles of Scientific Management, he committed the ideals of the world’s first MBA program at Harvard Business School to paper. Among the most influential was the idea that training and development was the key to prosperity for managers, employees and communities. 

Although we have come a long way since Taylor’s publication, with the advent of COVID-19, this couldn’t be more true. “We’ve gained 1 billion hours of time”, Australian economics Professors Emil Temnyalov and Peter Siminski said earlier this year of the lockdowns and other measures.

Among the hardest hit are 25 to 49 year-olds according to a study from the University of Melbourne. Australia’s effective unemployment rate reached over 13%. But this also means “...the opportunities for training are greater”, the Professors stressed. And whether you’ve been let go, work has slowed down, or your hours/salary have been reduced, you would struggle to find a better opportunity than an MBA.

Why a University of Newcastle MBA?

The price is right

The average total cost of an MBA in Australia is roughly $52k AUD, with many MBAs reaching over $85k. The University of Newcastle MBA costs $23k pa to domestic students, with opportunities to reduce the total price significantly if you take advantage of professional credit. Even at full-price, it still costs only $34k total. The MBA is also eligible for a FEE-HELP loan with an interest rate equal to inflation. Not a bad deal!

University of Newcastle MBA graduates earn more

A QILT Graduate Outcomes Survey found that business and management master’s by coursework students made a median full-time salary of $108k in 2018 (p76), with the University of Newcastle graduates being some of the highest earners among Australian institutions at $90k pa across all postgraduate coursework subjects (p84). Even if you’re starting from scratch, coursework postgraduates start on a median salary upwards of $80k pa (p78). So whether you’re moving up in your career or repositioning into a new one, you’re getting returns.

Opportunities for professional credit

You can receive credit towards your studies for previous work experience (also called Recognition of Prior Learning), cutting costs and saving time. RPL applications are judged on a case-by-case basis, so it is best to get in contact with the MBA Program Director Sonia Vilches-Montero to check your eligibility.

Ranked among top programs worldwide

The University of Newcastle is among the top 150 universities worldwide and top 5 in Australia for business administration according to Shanghai Rankings of academic subjects.

Flexible study options

  • Start at your convenience. The University of Newcastle MBA operates on three ‘trimesters’ a year, so you can start in January, May or August. 
  • Take advantage of ‘mixed mode’ delivery, allowing you to study completely online, completely on-campus, or a combination of both. The University of Newcastle has an easily accessible campus in the heart of Sydney’s CBD and an abundance of online support is offered also, so whatever mode of study you choose, you’re getting a high-quality education.
  • Study at your own pace. You’re free to take classes full-time or part-time.

Combined MBA

You’re able to pair your MBA with another master’s degree to further enhance your learning. This allows you to complete both degrees faster, making you a more competitive hire and/or candidate for promotion. You can choose from any one of the following additional programs if you wish to specialise:

Association to Advance Collegiate Schools of Business (AACSB) accreditation

The AACSB is a global business education network designed to connect business educators, students and industry professionals. Only 5% of the world’s business programs have earned this accreditation, and the University of Newcastle is among them. These standards are incredibly comprehensive, requiring institutions to make significant contributions to industry journals, receive academic citations, adhere to standards of peer review and academic accolades. This means a University of Newcastle MBA is among the best on offer.

When can I apply?

Right now! Click here to apply for Trimester 3 and kick off your next big career move. Applications close August 9.