Melbourne Business School (MBS) MBA

Melbourne Business School's state-of-the-art facilities are located adjacent to the Melbourne CBD.
Melbourne Business School’s state-of-the-art facilities are located adjacent to the Melbourne CBD.

The Melbourne Business School (MBS) is a joint venture between Melbourne University and some of Australia’s most prominent business leaders. Their teaching staff are some of the finest, with all the faculty having PhDs and their research often being published in the top global journals. MBS’ offers four different MBAs – full-time, part-time, Execuitve MBA and Senior Executive Melbourne MBA.

Over the last five decades MBS has built an outstanding reputation for world-class management research and teaching, and is one of just two Australian business schools in the Financial Times’ global MBA rankings. The School also has EQUIS and AACSB accreditation.

The School also offers a host of extracurricular activities including academic and special interest clubs, designed to enrich students’ MBA experience outside the classroom.

“All around the region and around the world we see business becoming faster, more uncertain and more global. We’ve re-imagined the MBA to help you maximise significant long-term benefits and place you at the forefront of current trends.” Melbourne Business School Dean Professor Zeger Degraeve

The University of Melbourne’s Faculty of Business and Economics and Melbourne Business School (MBS) formed an alliance in 2013 to further strengthen the global competitiveness of research and teaching in business and economics in Melbourne. Under the agreement, all graduate programs in business and economics are offered through MBS.

READ: MELBOURNE BUSINESS SCHOOL COMPLETES UNIVERSITY TIE-UP

University of Melbourne (MBS) MBA Courses

Full-time MBA
The one year world class full-time MBA is consistently ranked in the country’s top three programs for graduate outcomes and industry credibility. The program has been designed as an intense, integrative experience that focuses largely on the rise of Asia – particularly China. Included in the program is a trip to China, where students will participate in the Business in Asia Study Project.

MBS’s flagship program has been ranked No.4 in the Asia Pacific region and No. 43 globally by The Economist’Which MBA? 2015 report.

Part-time MBA
The part-time MBA program has been designed to promote career development and help students build personal and leadership skills. MBS offers a world-class learning experience resulting in an internationally recognised MBA.

Executive MBA (EMBA)
The Executive MBA is designed for managers with the ambition to progress their careers. With understandable time constraints, the Executive MBA provides the right balance of professional and personal commitments.   The program is completed through 17 weekend residential modules plus one week-long overseas module over an 18-month period.

Senior Executive MBA (SEMBA)
The Senior Executive MBA recognises the real difficulties faced by senior managers trying to devote time to postgraduate study, and develop the competencies and insights required to perform effectively at the top executive level. The Senior Executive MBA’s unique, intensive, modular structure enables senior executive participants to separate their study from work and personal commitments. The program is completed through four one-month residential intensive modules spread across a 14-month period.

University of Melbourne MBA Rankings

The MBS MBA suite is one of the most highly ranked in Australia. Recognition includes:

  • No.2 MBA in Australia (Australian Financial Review’s Boss Magazine, 2015)
  • No. 33 globally  (The Times Higher Education World University Rankings 2014-2015)
  • No. 43 MBA globally (The Economist, Which MBA? Report 2015) ​
  • No. 62 MBA  globally (Financial Times, 2015)​
  • No.7 in Asia Pacific by employers of MBA graduates in the QS Top Business Schools Report (2014/2015)​
  • ​No. 48 MBA globally (Beyond Grey Pinstripes, 2011-2012)

University of Melbourne MBA Program Structure

The flagship full-time MBA course is delivered over one year with about 40 contact hours each week. They will cover three core modules, with four subjects in each. On top of these modules, students are required to complete an elective module block, consisting of six subjects. Some of these could include – but are not limited to – areas like marketing, finance, strategy, social impact and management. Additionally, they will learn about leadership and social responsibility as orientation subjects over an intensive five-day period.

Some of the subjects students can expect to study are:

  • Leadership, social responsibility and ethics
  • Data Analysis
  • Decision making
  • Financial reporting and analysis
  • People management
  • Finance
  • Managerial Economics
  • Marketing
  • Operations
  • Business in Asia
  • Corporate Finance
  • Global Business and Economics
  • Management Accounting
  • Strategy
  • Business in Complex Environments (Capstone)

The subjects are taught through action learning, where lessons from the lectures are applied to real-world situations via syndicate groups, internships, student clubs, case studies and course assignments.
This is particularly beneficial in real business projects, which start with a briefing in Melbourne and culminate in China in the Business in Asia Study Project. There is also a capstone subject at the end of the course, where participants undertake an exercise that simulates the management of a firm.

Classes are mainly conducted at the school’s purpose-built education facility in Melbourne’s CBD. The facility is equipped with state-of-the-art lecture theatres, a dedicated management library and excellent IT infrastructure.
Students also have access to the Mt Eliza Executive Education facilities about one hour’s drive from Melbourne.

The part-time MBA runs over two years and includes about six hours of contact time each week. There are four intakes each year for part-time students, starting in January, April, July, or September.

University of Melbourne MBA Entry Requirements

The School seeks to admit candidates to the full-time MBA who can demonstrate the following:
  • An ability to meet the academic requirements of the program. Specifically, the Committee will take into account your undergraduate degree
  • An ability to contribute to class learning in the program and to add value to the student experience. The Committee will take into account your work experience and your responses to the personal statements
  • An ability to benefit from the learning experience and evidence that the MBA will add value to an already successful career. The Committee will consider your referees’ reports and your responses to the various personal statements
  • Throughout the application process, the Selection Committee will be looking for evidence of your managerial and leadership potential, your interpersonal and communication skills and your maturity and motivation
  • GMAT: Our selection panel prefers scores of 600 or more (670 is the current average)
  • An undergraduate degree (any discipline); no undergraduate major is preferred
  • Preferably two years’ work experience, however exceptional candidates with less experience may be admitted.

University of Melbourne MBA Fees*

There is an indicative fee of $85,470 for the full-time completion of the course in one year. The tuition fees include Business in Asia Study Project airfares and accommodation.

The part-time MBA is charged on a per subject basis of $4,095 per subject over a course length of two years. A total of 18 subjects are required to complete, giving an indicative full course cost of $73,710.

The Executive MBA costs $97,400 and the Senior Executive MBA costs $120,000.

* Information from fees is sourced from publicly available information in November 2016 and may not be reflective of actual costs. Current costs per subject/unit/course may change in the future, altering the overall cost of the degree. Consult course providers for fee confirmation.

Ben Ready founded MBA News in 2013 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize.

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