Australian MBAs

Now almost every university — and many private colleges — offers an MBA in one way or another. Even the Australian Catholic University has one.

There are online MBAs, executive MBAs and MBAs done in conjunction with a juris doctor. There are MBAs that specialize in technology, although Third Degree wonders how these can be classed as MBAs. Isn’t an MBA supposed to be a generalist management degree?

MBAs also bring in money. They range in price from $27,000 at the Australian Catholic University to $64,000 at the Melbourne Business School.

There is no guarantee for quality in most of the courses.

If you read about MBAs offered in this country, you’ll find that some are marketed as ‘‘short’’. The ACU MBA can be done in one year. Students study in ‘‘intensive’’ mode, meaning that each of the 12 units is taught over two weekends. That’s two days for each subject over 24 weekends.

The Melbourne Business School’s MBA requires that students do 20 subjects over 16 to 20 months.

Some MBAs — such as those at Southern Cross and Deakin universities — can be done online. Yet doing an MBA over the internet doesn’t make sense, given that a large component of the course is supposed to get students to network.
Most Australian MBAs do not require students to do the GMAT.

Then there is the question of accreditation. The Association of MBAs, a US professional association, accredits MBA programs in almost 70 countries. Three Australian universities have the accreditation for their MBAs – Monash, Curtin and Queensland University of Technology.

Most Australian MBAs do not require students to do the GMAT.

Business schools also have different work requirements for prospective students. Some require that students have at least two years’ work experience and good marks in their undergraduate degree.

Some MBAs, however, are geared to new graduates, who have ‘‘limited work experience’’. That’s why RMIT divides its MBA into standard and executive options.

English requirements for international students also vary. Monash University’s new MBA requires a minimum score of 7 in the International English Language Testing System. At other universities, such as Victoria and New England, it is 6.5.

Third Degree has previously pointed out that the IELTS guide suggests that a score of 7.5 is acceptable for a linguistically demanding academic course. Surely an MBA falls into this category.

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