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What will a Master of Business Administration (MBA) teach me?

Mike Dilnot

Careers Commentator
The Master of Business Administration (MBA) is an intensive program designed to prepare candidates for a management career within their chosen field.

Completing an MBA program is the ideal way for students to equip themselves with the skills needed to pursue a management level career. As one of the most challenging and sought after degrees, graduates of this prestigious program are the creme de la creme of the business and management world! The program gives candidates rigorous training in all aspects of financial accounting, human and resource management, business communications and marketing, at both a local and global level. The majority of universities also organise regular interaction between their students and CEOs as part of the program. There is a large focus on developing personal impact skills, effective management techniques and that all-important entrepreneurial mindset. MBA students are also able to specialise in a range of topics, including marketing, finance, law and human resources.

When choosing between the vast number of MBA courses, it is worth making sure that an international body accredits the program for maximum industry recognition. The US-based Association of Advanced Collegiate Schools of Business (AACSB) or Brussels based European Quality Improvement System (EQUIS) are the two main bodies to look out for. MBA graduates can expect to get themselves into management level positions across a vast range of industries and sectors. As the inspirational leaders in the business, MBA grads should expect to be the driving force behind the organisation’s growth and success, while developing and managing a team exceptional team of people. Many graduates who have previous business experience go on to open their own enterprises, while others enjoy fast-tracked promotions within larger organisations. The senior ranks of most listed companies are usually stacked with MBA graduates. Straight out of university, roles such as management consultant, financial advisor and investment banker are entirely achievable.

Australia’s rockstar MBA graduates are some of the highest paid in the world, receiving an average salary offer equivalent to US$108,250 per annum. Despite this, MBA graduates are still in huge demand, with 30% of students receiving a solid offer of employment before they have even graduated!