Thinking about studying an MBA? RMIT MBA students develop the capabilities, knowledge and tools to be successful in any industry or entrepreneurial venture around the world. Here are six good reasons to do your MBA at RMIT.
Strategic thinking, emotional intelligence and empathetic leadership are skills prerequisites for successful business leaders who must be able to ride the waves of future distributions and technological innovations.
An MBA is a business leadership development program that teaches you how to keep a modern business afloat, how to get the best from your people, and how to embrace innovation and technological transformation. An RMIT MBA makes you future ready.
There’s also an MBA boom in the Asia-Pacific, with an 18% increase in MBA hiring levels as shown in the Top MBA Jobs and Salary Trends Report 2018 and a 13% increase globally. In the Asia-Pacific, Australia is leading the way with the highest MBA salaries on offer. There’s a strong growth across industry sectors showing MBAs are in demand from a diverse range of employers, with employers most often looking for leadership and soft skills in their MBA hires.
So here are six good reasons to do your MBA at RMIT.
RMIT gives you the flexibility to specialise your MBA in one of three concentrated areas so that you can tailor your degree in an area you're passionate about and grow your capabilities. Employers want to see what their MBA hire has learned from the content of their MBA program so choosing electives from concentration areas of design thinking, leadership, project management, innovation and technology ensures your MBA experience is tailored to your career.
The RMIT MBA offers Australia’s most established human centred design thinking problem solving methodology. Design thinking is an essential tool for simplifying and humanizing, business problems so that solutions match end-user needs. It is an approach that enables businesses to innovative routinely.
Human centred design is about solving problems that really matter so as to improve the human condition and which enables business to scale so that they can have a broad positive impact. Human centred design sees business as the solution, not the problem.
RMIT’s business program are co-designed with industry leaders to ensure your learning prepares you effectively for the latest industry trends. An industry-connected education means students are well versed in the workforce before they graduate. RMIT collaborates locally and globally with business, government, the not-for-profit sector and the community through partnerships that address business challenges.
When you study with RMIT, you’ll have engagement opportunities with some of the largest organisations in Australia and the world. You’ll learn from experts in your field, with opportunities available from RMIT partners like KPMG, Deloitte, APEC, Australia Post, MediBank, CapGemini and PwC.
Terry Boulter is responsible for the Design Thinking for Business concentration within the MBA program and says the industry connections in the concentration provide students with real world experience.
“Students engage with an industry partner who have a real problem for which they are in need of creative solutions,” says Terry.
“Creative means non-linear, “outside the box” and impactful. We don’t focus on past problems highlighted with case studies. Instead we get our hands dirty working on real problems that people face today. Some recent examples include: how to create a more efficient fuel delivery model for online shopping, how to improve your security experience and reduce your wait time when entering a stadium, how to end the frustrations encountered when collecting a medical script, how to reduce loneliness in aged care facilities and how to reduce household ewaste. These are all projects that matter in which our students have applied design thinking to generate scalable innovative human centred solutions.”
If you're a recent graduate or early career professional, an MBA provides the opportunity to develop the skills and knowledge to step into management roles in a variety of settings and industries. The RMIT MBA program is designed for students with limited prior working experience who come from various education backgrounds - Architecture, Engineering, Science, Business or the Arts.
According to the QS Top MBA Jobs & Salary Report, the average MBA annual salary In Australia – USD$98,400 a year - that’s almost AUD$150,000. Over 50% of MBA graduates worldwide are senior managers or board directors. The RMIT MBA program is structured with group and collaborative work that resembles real business practice of working as a whole for the benefit of the organisation. With the focus on industry-based, practical learning, you’ll graduate with confidence to become a leader.
“You spend a lot of time working with a cohort of MBA candidates examining the way businesses operate, and inevitably you want to harness those skills and work with organisations from a range of industries to improve their processes and performance." - Charlie Robinson, Master of Business Administration
RMIT is a global university with campuses in Vietnam and Spain and great options to have a global study experience. Each year, the Graduate School of Business and Law conducts intensive study tours to Vietnam and Spain, equivalent to one 12-credit point elective. Study tours are a unique feature of the on-campus program. Combine an overseas travel and cultural experiences with coursework completed in intensive modes, with credits towards your degree. Study tours usually depart during Australian summer or winter holidays.
“When you go overseas you realise there are so many other cultural aspects to a business” said MBA graduate Tina Dochana, who participated in the International Graduate Competition in Montreal, Canada.
RMIT works with a number of reputable overseas internship providers such as Engineers without Borders, AIESEC and the Australian Consortium for ‘In-Country’ Indonesian Studies (ACICIS) to source internship opportunities for students. Other opportunities include ESADE Business School in Barcelona, Robert H. Smith School of Business in the USA, Ted Rogers School of Management in Canada, Aarhus University in Denmark and Thammasat University in Thailand.
RMIT’s city campus is located in the heart of Melbourne and you’ll get to experience everything that makes the city exciting, accessible and diverse. The central location and flexible class timetables were important motivators for Executive MBA student Alex Roberts’s return to postgraduate study.
“One of the reasons I chose RMIT to pursue my postgraduate course was because of its location" says Alex. "I work as an accountant in the city, so the city-based location was perfect. It allowed me to get to night-time lectures after work and is very central to trains and public transport,”
There’s a dedicated MBA Lounge in the Graduate School of Business, housed in the heritage-listed Emily McPherson building on Lygon Street. At the MBA Lounge you’ll find weekly four-hour drop-in sessions hosted by the program director and student engagement officers.
Melbourne is famous for food, and hotspots like Lygon Street, Chinatown, Queen Victoria Market and the Emporium food court are all within a ten minute walk of the city campus. It’s easy to get around on trams, bicycles and trains, with something to do at every hour and in every season.
If you’re looking for arts and culture, RMIT is proud to be the Design Partner of the renowned National Gallery of Victoria (NGV), Australia's oldest, largest and most visited art museum, and the Major Research Partner of the Australian Centre for the Moving Image (ACMI). The NGV and ACMI’s extensive and cutting-edge exhibition programs are just a fraction of a city-wide calendar of events, with night markets, comedy shows, music venues, sport tournaments and fashion festivals year-round.
When you consider returning to study, you might find yourself wondering how you’ll possibly find the time to juggle work and personal life with study. But a range of flexible options is available to students to accommodate everything else in your daily life.
Students learn in small group settings with other students from diverse backgrounds to improve communication, adaptability and other essential soft skills. Most classes are held on weekdays 9am - 6pm, with some intensive weekends.
RMIT offers flexibility around the number of units you can select and seminar times, classes on weekends or evenings, and options for leave of study for 6-12 month breaks. For the Executive MBA, classes are also held in intensive blocks, generally held 8:30am–5pm on Saturdays and Sundays, with some mid-week evening sessions.
Acknowledgement of country
RMIT University acknowledges the people of the Woi wurrung and Boon wurrung language groups of the eastern Kulin Nation on whose unceded lands we conduct the business of the University. RMIT University respectfully acknowledges their Ancestors and Elders, past and present. RMIT also acknowledges the Traditional Custodians and their Ancestors of the lands and waters across Australia where we conduct our business. - Artwork created by Louisa Bloomer