What is an MBA?
MBA stands for Masters of Business Administration. It’s an internationally recognised qualification, designed to prepare graduates for the upper echelons of business. But an MBA doesn’t just open doors in the world of high finance. It can be useful for anyone looking to pursue a managerial career.
RMIT Online lets you earn your MBA from home, at your own pace, with a flexible curriculum designed by industry experts. It’s one of Australia’s leading MBA programs.
Like most MBAs around the world, our core curriculum revolves around accounting, economics and marketing. But we’ve also added exciting electives like design thinking, digital leadership and tech innovation, so you can tailor your MBA to suit your career goals. An MBA isn’t just a piece of paper: it’s about preparing graduates for the future of industry. Whatever that might be.
Why study an MBA?
The most common reason for studying an MBA is career advancement. If you want to climb the ladder and rise to the executive level, you’ll probably need an MBA at some point. The other perk of an MBA is its international flavour: this is a globally recognised Masters qualification. Wherever you go in life, wherever you work, an MBA will always hold its value. It’s the world’s most recognised degree for industry leaders, small business owners, entrepreneurs and senior managers.
Here are some careers that can benefit from an MBA:
- Financial Analyst
- Chief Financial Officer
- Operations Director
- Marketing Manager
- Hospital Administrator
- IT Manager
5 reasons to study an MBA
It opens doors
An MBA gives you options. 76% of companies hired an MBA graduate in 2019, and those numbers actually increased during 2020. Job growth for MBA graduates is strong, and the program equips you with business-ready skills that can be transferred across industries.
It hones your skills
An MBA improves your theoretical and practical understanding of how businesses work. What motivates them. How they fit into the bigger economic picture. You’ll learn accounting and financial management, but also soft skills like leadership, teamwork and communication.
It grows your world
There are over 2500 MBA programs being offered around the world. It’s one of the few truly global qualifications, and it can unlock career opportunities wherever you go. More than that, it helps you understand the interconnected nature of the global marketplace.
Everybody’s MBA is slightly different, and thanks to elective subjects, you can tweak your curriculum to suit your career goals. Need to upskill in emerging tech? No problem. Want to hone your soft leadership skills? There’s an elective for that, too. It’s a flexible, tailored program.
It makes networks
In a recent survey, 89% of MBA graduates said the program helped them forge powerful professional networks. This is a nifty side effect of an MBA: your cohort will probably include a mix of entrepreneurs, managers, tech innovators and industry leaders.
Because MBA curriculums are broad by nature, they can benefit all sorts of industries and careers. It doesn’t matter whether you work in finance, HR, product management, IT or healthcare administration—you can improve your professional abilities with an MBA. Gaining your MBA is also a fantastic way to switch careers and upskill into new areas: you’ll get a globally recognised qualification, cutting-edge business management skills, and a whole new professional network.
Here are just a few MBA-related careers you might consider:
- Financial Analyst | $99,000
- Product Manager | $118,000
- Operations Supervisor | $82,000
- Marketing Manager | $99,000
- Business Development Manager | $100,000
- IT Manager | $119,000
How to study an MBA for beginners
You don’t need to be a captain of industry to study an MBA. You don’t even need any specific professional experience or aptitudes. RMIT Online’s MBA program is built for online study, and backed by leading industry insights. You can tailor your Masters program with electives in design thinking, leadership, project management or tech innovation (among others).
Here’s a broad idea of what you’ll need.
- Commitment. An MBA requires diligence and commitment. You’ll need to set aside a few hours each day for online study.
- Notes. Taking notes during lectures is a great way to flag potential problems, or highlight questions for your mentor.
- Collaboration. You won’t be going through the MBA alone. Each student has access to an online peer network and expert industry mentors.
- Knowledge. Business best-practice is changing all the time. We’ll help you stay up-to-date with the latest methodologies.
- Resources. RMIT Online will provide you with plenty of online MBA resources. These are useful during, and after, your course.
Learn about an MBA
Ready to jump into an MBA? This is the best place to start. Read as much as you can. Ask questions. Contact one of our RMIT Online course counsellors. Read more about related courses and study options below.
RMIT Online Masters of Business Administration
RMIT Online is a globally ranked MBA provider. Our MBA program leverages our strengths in technology and digital leadership, giving graduates the best possible business education. We also offer electives and minors in technology, digital trends and design thinking methodologies. This isn’t about thinking different: it’s about making different happen.
Topics and courses similar to an MBA
If you’re not quite ready for the full MBA experience, RMIT Online offers a Graduate Certificate in Business Administration. We’ve also got a range of business-driven short courses, including Workforce Transformation, Commerce, Design Thinking and Digital Leadership.