What is an MBA: Get The Full Breakdown

What Is An MBA

So you are here because you want to know what an MBA degree is, and you might also be wondering ‘what does MBA stand for’ right?

Aside from wanting to know the MBA definition, you’ll probably want to know all about what MBA subjects will be included in your MBA degree, how the application process works, where an MBA degree can lead you and how to make your MBA application rock solid.  

Well, you are in the right place. You will find all of your answers right here starting with the MBA meaning:  

Put simply, an MBA is short for Master of Business Administration.  

Now to many, the full title might seem a little average – but don’t be mislead.  The entire MBA meaning might seem mundane, but the MBA degree qualification is so far away from ordinary it might as well be on the moon!  

An MBA stands for World Class!  It is a highly desirable, prestigious qualification and frankly, it’s the bee’s knees when it comes to business qualifications.  

If you hold an MBA, you are going to be at the top of your game and anybody who knows you hold this qualification will instantly regard you as being on top of your game and extremely hireable.  Yup! We are not kidding.

What You’ll Learn If You Study An MBA

The MBA subjects are varied, exciting and not to be sniffed at if you want to make it big in business.  

When you study for your MBA, you’ll be committing to study for up to three years part-time and a typical example of the subjects you will learn will be 12 topics related to the following fields;

  • Managing a Project Based Organisation
  • Contract Law for Managers
  • Entrepreneurship
  • Managing Consultancy Practice
  • International Business
  • Leading for Innovation and Sustainability
  • Mindfulness and Transformational Leadership
  • Strategic Organisational Change
  • Human Resource Management

You can focus your studies on pre-selected study themes that will lead to specialisation in fields too such as;

  • Human Resource Management
  • Change Management
  • Consultancy
  • Entrepreneurship

Note: The exact MBA subjects will potentially differ depending upon which course provider you choose.  

How to Apply for an MBA Course

Depending upon the course provider you can study for an MBA with or without a Bachelor Degree.  If you enter the MBA with a bachelor degree, you’ll need at least two years of management experience and can go straight onto the MBA graduate courses.

Without a bachelors degree, the options for course providers might be reduced.  You’ll also need at least five years of management experience and will need to start your MBA qualification at the Graduate Certificate level.  

The pathway for entry without a bachelors degree will be similar to this;

Step 1:  Graduate Certificate In Management

This course usually takes up to one year part-time and typically includes four units covering topics such as:

  • Leading, Managing and Developing People
  • Marketing For Managers
  • Managing Operational Improvement
  • Managing Financial Resources

Step 2:  Graduate Diploma In Management

Includes four units, takes approximately two years part-time and covers topics in;

  • Managing, Developing and Implementing Strategy
  • Economics for Managers
  • Business Decision Making and Analysis
  • Business Research Methods

A Graduate Diploma may not be vital as a Graduate Certificate may suffice. Please check with your education provider. 

How To Apply

The application process will be different depending upon your chosen course provider, but before you can apply, you’ll need to decide at what level you’d like to enter into your MBA studies (whether you will start at Graduate Certificate or MBA level).  Then it’s time to research your providers and start applying.

The Future Is Bright With An MBA

If the prestige of the qualification isn’t enough to persuade you to future-proof your career with an MBA here are some stats that will probably make your mind tick!

  • Australian MBA graduates had the second highest salary worldwide in 2017 at AU $138k according to QS Job Salary Report 2017.  
  • Globally business school graduates with an MBA earn 27% more at senior level, 38% more at an executive level,  68% more in C Suite. According to Graduate Management Admission Council Alumni Perspectives Survey Report 2017.