With three campuses in Melbourne, two in Vietnam and a student population of 74,000, RMIT is considered Australia’s largest tertiary institution. Of the students, 30,000 are international. As part of their vision, they aim to be global in attitude, urban in orientation and connected through partnerships. They achieve this through ties with industry and organisational bodies, particularly their consultancy services and ties with the government. In 2009 the Global Student Entrepreneur Awards bestowed on them the honour of being the top entrepreneurial university in Australia.
The MBA program offered by RMIT is one of the longest-standing in Australia. RMIT MBA graduates are leaders in large corporations, entrepreneurial enterprises, government and the not-for-profit sector.
The MBA is specifically designed for students with limited work experience. During the program, participants will work with business mentors and learn from them through presentations, group work, individual mentoring and coaching. Students will also work with their peers to benefit from the interaction that comes from working closely with team mates.
“As a student you will be challenged through extensive and practically applied coursework and research programs that follow concepts through to real-life industry solutions. This will enable you to engage skilfully and passionately in business, locally and internationally.” RMIT Pro Vice-Chancellor Business and Vice President Professor Ian Palmer
RMIT’s Graduate School of Business and Law (GSBL) was voted No. 16 in The Australian Financial Review’s BOSS magazine 2015 MBA rankings for Australia.
RMIT University MBA Program Structure
Domestic students, who have an advanced standing, have the option of completing their degree in as little as 1 year or three years part-time. This is because they receive an exemption from the first four business courses. If students don’t have an advanced standing, the course will take 1.5 to 2 years full-time or part-time equivalent to complete. International students are required to complete this course full-time.
The MBA, which is delivered at the Emily McPherson Building near Melbourne’s CBD, consists of three study periods. These include two semesters and a Spring/Summer period. Full-time students generally take up to four subjects per period – generally during the day – each accounting for 12 credit points each. Part-time students’ classes are more likely to be held in the evening, allowing participants to continue working while they study.
All up, students will complete 16 subjects, giving them a total of 196 credit points. Of these 15 are compulsory subjects, including the Applied Industry Practice and Business Operations Strategy. These are delivered at the final stages of the program so students can apply what they have learnt and showcase their business expertise.
The 15 compulsory subjects are:
- Management 1 – Managing People
- Business and Government in the Global Context
- Global Business and Social Technology: A Case Study Approach
- Accounting for Management Decisions
- Introduction to Business Management
- Leadership and Management
- Marketing for Managers
- People and Organisations
- Business and Economic Analysis
- Managerial Finance
- Business Research Design
- Applied Industry Practice
- Business Operations (Strategy and Application)
AND complete 1 Any Approved Postgrad Elective
Additionally, ingrained in the program is a focus on business mentoring, where industry leaders guide students through topics like leadership in the workplace, power and influence, judgement in decision-making, career and self-management, working in Australian organisations, working in Asia and working in a family business.
This course can be completed by distance education through Open Universities Australia. There is also an Executive MBA available through RMIT.
RMIT University MBA Commencing Semesters
The MBA program is offered in 3 study periods – Semester 1, Semester 2 and a spring/summer study period:
RMIT University MBA Entry Requirements
- An Australian bachelor degree or equivalent, or higher level qualification, in a business (or related) discipline from a recognised tertiary institution with a minimum grade point average of 1.o (out of 4.0)/50%/Pass or
- An Australian bachelor degree or equivalent in a business (or related) discipline from a recognised tertiary institution and GMAT overall minimum score of 550; or
- RMIT Graduate Certificate in Business Administration
Internationals can apply without a bachelor, but must demonstrate significant and relevant work experience. They must also meet RMIT’s minimum English requirements.
RMIT University MBA Fees*
The 2017 indicative annual domestic full fee for a Master of Business Administration is $31,680. If students have an advanced standing, course will take one year. If they do not, it will take 18 months to two years to complete ($50,400).
The 2016 indicative annual domestic full fee for a Master of Business Administration (Executive) is $32,640.
*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.