2010 Postgraduate MBA graduate school of business PrePAre for Business 2010 POSTGRADUATE—Mba Are you a high performer? Master of Do you want to fast track your career? Grab yourself an unfair advantage! Business The MBA is a one-year full-time or two-year part-time, intensive qualification designed Administration specifically for today’s graduate and based on industry requirements. If you are motivated to progress your career and enhance your employment opportunities, this MBA provides the tools necessary for an accelerated career in management. RMIT University is recognised for its strong links to the real working life and its Graduate School of Business responsiveness to the needs of industry. RMIT program code Together with business mentoring support, the focus is on solving real problems and Key features of the MBA MC088 developing practical management skills that employers will value. RMIT’s MBA will » Preparation to accelerate a career CRICOS number enhance your international knowledge, in management 057049A perspective and readiness to work in a global » Exposure to business thinking and Location environment—in large, medium or family practice Melbourne City campus and Vietnam businesses. » Business mentoring support Mode and duration RMIT rankings » Integration of technology to solve real problems 1 year full-time Top 10 MBA provider, Australia » Intensive mode shortens study time (3 x 13-week trimesters, 4 courses per » Australian Financial Review, to one year (or two years part-time) trimester, day time classes) BOSS Magazine 2007 2 years part-time » Lecturers and facilitators from (6 x 13-week trimesters, 2 courses per university and industry trimester, evening classes) Top 3 MBA provider, Melbourne » Encourages an ethos of corporate International students can only study full-time. » Australian Financial Review, social responsibility BOSS Magazine 2007 » A dedicated business school, located Information sessions in the heart of Melbourne’s CBD Prospective students are welcome to visit » Diverse student mix 4 stars the School and meet with Client Services and Academic staff. Information sessions Corporate links, graduate salaries and getting about the MBA degree are run throughout a job. the year. For details visit www.rmit.edu.au/ » The Good Universities Guide to MBA and MBA student profile gradschoolbusiness or contact the Graduate Management Programs 2009 Typically: School of Business. 4 stars » Aged early- to mid-twenties Academic qualifications of staff in the » Degree qualified in any discipline but with Graduate School of Business limited work experience since graduation » The Good Universities Guide to MBA and (typically less than four years) Management Programs 2009 » Looking to get ahead of the pack by adding business skills to their existing discipline » Want to complete an MBA in just one year (or two if part-time) ‘The rMiT MBA is a challenging degree that will develop your management skills and open up broader career options. Approachable staff, intimate class sizes and cultural diversity make rMiT a comfortable and interesting place to study.’ Jennifer Tratt (cover image) Current MBA student Program structure BUSM1534 Marketing Management No business initiative can proceed without a sound marketing plan. For full course descriptions visit: This course will enable you to understand and use marketing tools, www.rmit.edu.au/gradschoolbusiness techniques and processes towards better organisational outcomes. The MBA consists of 12 courses, each of which is worth It relates marketing strategy to the environmental opportunities 12 credit points (144 credit points in total). Courses are listed below and constraints that you must address. A feature of this course in the order in which they are generally completed—four courses per is considering the relevance of marketing practices in different semester full-time, or two per semester part-time. organisational contexts. BUSM3237 Global Business Context BUSM3243 Business and Economic Analysis This is the foundation course of the MBA degree, and essential Here we consider traditional economic theories within a contemporary starting point for your studies. You will learn about the issues that context. Topics include the use of the internet to price discriminate, confront people and organisations working in an international context. the changing nature of competition, market failures relating to climate You will explore global trends, international trade, business ethics, change and the economic theories underpinning new products and innovation and scenario analysis—and a range of other core business services. The broad international background of your classmates issues. This course will introduce you to many of the topics that will provides a platform to share and explore the similarities and differences be explored throughout the MBA degree. You will also experience of global economies. The aim is to develop economic thinking which the distinctive character of the RMIT—adult learning, with a focus on will inform business decision-making. group work and the practical application of theory. BAFI3159 Finance and Accounting for Business Decisions BUSM3249 Managing People, Relationships and Performance The ability to understand financial performance and make good A graduate with the addition of an MBA will often advance more financial and business decisions is critical to the role of a manager, rapidly than a trainee with just an undergraduate degree. This course, senior manager or director. This course covers a wide range of addresses the important skills associated with responsibility for the material that is important for the implementation of good financial leadership and management of others. It deals with topics such as management in an organisation. Topics include: resourcing corporate delegation, addressing poor performers, attempting to manage and objectives, investment valuation techniques, project evaluation, resolve conflict, managing diverse and cross-cultural teams, many measuring risk, cost of capital and implementing investment projects. of whom will be older than the young manager, dealing with the BUSM1530 Leadership and Management difficult issue of managing your boss and the reality of organisational This course seeks to impart and develop perspectives and skills for dynamics–politics! individuals to understand the complexities of becoming a manager BUSM3255 Creating Strategy and a leader. It is intended to encourage you to think creatively about Creating Strategy encourages students to balance creativity and the capabilities required of managers and leaders, as professionals, analysis when thinking strategically in a business setting. The course with an emphasis on self-development. draws on and integrates concepts from most of the other MBA BUSM1546 Entrepreneurship and New Venture Creation courses and uses these insights to aid in the development of novel New business ventures and entrepreneurship are exciting challenges and competitive solutions to often complex and ambiguous business in business and the development of entrepreneurship is a high situations. The course covers the evolution of the field of strategy and priority for governments around the world. This course is practical, the need to balance strategy process, content and context. applied and fuses theoretical concepts with the issues that must be confronted when turning creative ideas into commercial reality. You will deal with the problems which arise in the transformation, production and commercialisation of new business ventures and be encouraged to develop ‘the entrepreneurial mindset’. You will become a better manager and user of ideas, time, people, finance and other resources. BUSM2346 Management Decision Making Double Masters—MBA/Master of Commerce The best business decisions are firmly based in evidence and a Graduate with a second masters by studying the Master of Commerce thorough understanding of quantitative analysis tools is crucial to the (MCom). On completion of your Master of Business Administration, an effective manager. However, every technique has its limitations and additional four courses of study from a business discipline will allow you will learn not only the basics in statistics and quantitative analysis you to gain a second qualification—a Master of Commerce. but also how to avoid the pitfalls inherent in poor survey design, For more information visit www.rmit.edu.au/bus/doublemasters making assumptions and inappropriate analysis. Your skills in the interpretation of raw data through the power of spreadsheet modelling The sequence of study cannot be reversed; MBA must be completed first. will be significantly enhanced. BUSM4066 Work and Careers Research The Business Mentoring Program plays an important role in this course, which explores the professional and personal implications Research degrees are offered at masters and doctoral level. of emerging career trends in the global knowledge-based economy. Research activity within RMIT Business falls under the following You’ll acquire a clear understanding of the skills, attitudes and areas that aim to assist organisations and institutions to function techniques needed to successfully launch a successful career, as well more efficiently in a changing business environment: as the importance of maintaining future employability through lifelong » Development of Professional and Management Practice learning and personal development. » Entrepreneurship and Innovation » Financial Markets and Applied Econometrics BUSM4087 MBA Company Project Rather like receiving a brief from the CEO, you and your team will » Health Services Management move through the research, analysis, drafting and presentation » Knowledge Management and e-Business requirements of delivering a project report, culminating in a » Organisational Accountability presentation to the board. This course is typically framed around a field exercise where groups of students work with a real client to » Organisational Performance Measurement and Quality produce critical research findings linked to the client’s organisational » Organisational Policy, Practice and Market Effect goals. It’s an excellent opportunity to add consultancy experience to » Project Infrastructure and Construction Innovation and your CV. Management BUSM3261 Implementing Strategy » Sustainable Business Practices This is the capstone course for your MBA. You will learn how to » Transport Logistics integrate the foundations studied so far and put them into practical We are proactive in establishing close links with industry and use. The course explores the enablers that business leaders need to addressing research issues that are relevant to business and the put in place to ensure that everyone knows what they have to do and communities in which we operate. Therefore, our collaborative are equipped and supported so as to be able to implement company ventures yield research that has broad economic, social and strategy as efficiently and effectively as possible. environmental implications beneficial to business, industry and the broader community. For more information about research in Business visit www.rmit.edu.au/bus/research ‘The mentor groups are the best aspect of the rMiT university MBA degree. The mentors are truly committed to supporting and developing students throughout their MBA degree and afterwards during their careers.’ Andrew Terzakis Claims consultant, IAG MBA graduate Teaching and learning approach Classes are usually a combination of lectures Business mentoring Taking its cues from graduate employment and tutorials but also include seminars, The MBA degree is designed for students with programs, the MBA is predicated upon a simulations and site visits. Lectures deliver a limited work experience. As a way of assisting structured approach to the accumulation comprehensive review of the latest thinking your career progression and increasing your of knowledge and skills. Courses are and world’s best practice while tutorials employment opportunities, the MBA includes sequenced, with more sophisticated analysis provide opportunities for facilitated discussion a Business Mentoring Program. Our business and deeper integration of material delivered as we explore the way issues unfold in the mentors all have at least 15 years experience, later in the degree. business environment. Factually based case are leaders in their fields and provide guidance studies, a key feature of successful quality and support to prepare you for your working For example, courses in strategy development MBA degrees worldwide, are an important life. Students work with their business that require an understanding of business component of our courses and add further mentors throughout the MBA degree but this analysis, marketing and finance are scheduled realism to the learning experience. engagement is also formalised through the after functional courses introducing these concepts so that you can draw upon Assessment is undertaken via a combination course Work and Careers. these skills in creating strategy activities. of group and individual assignments, student Students will engage in a range of activities Likewise, you will first learn about your presentations and examinations. While group including seminars with guest speakers, group own development, strengths and style as a assignments are an important component of work and case studies, individual mentoring manager or leader before moving to the critical every course, the focus of the assessment is and coaching and career preparation. issues involved in managing and leading weighted towards individual performance. The mentoring program covers: others. Courses that bring a range of activities Full-time study » Leadership in the workplace together, such as the MBA Company Project The program of study is divided equally across » Power and influence and Implementing Strategy, are undertaken at three study periods: four courses per session the end of the degree and are an opportunity » Judgement in decision-making (Semester 1, Semester 2 and spring/summer to showcase your business expertise. » Career and self-management study period). Students can commence in You will move through the degree as a either Semester 1 (February) or Semester 2 » Working in Australian organisations cohort, work in teams and benefit from the (July). Classes are held during the day. » Working in Asia additional insights and understandings that come from interaction with classmates who Part-time study » Working in a family business have similar aspirations but come from a The program of study is divided equally across diverse range of disciplinary and personal six study periods: two courses per session backgrounds. Orientation and social activities (Semester 1, Semester 2 and spring/summer encourage the development of study study period). Students can commence in circles and instil the value of networking. either Semester 1 (February) or Semester 2 Some students have even continued their (July). Classes are held during the evening. association after graduation and established businesses together. ‘i had just finished my undergraduate degree in business entrepreneurship and found the challenge to complete a one-year MBA too attractive to pass up. i knew my choices would broaden significantly and this would act as a springboard into the highly competitive corporate world. The one-year program was Steven Leptos perfect for me.’ Graduate Strategy Consultant, Collins Anderson Management MBA graduate Fees Application closing dates Contact details and how to apply Graduate School of Business Tuition fees » 31 May each year and RMIT University Local full fee-paying Australian residents 300 Queen Street » 10 November each year 2010: A$34,560 total master degree Melbourne VIC 3000, Australia ($240 per credit point) Late applications will be accepted subject to Tel. +61 3 9925 0100 places being available. Prospective students Fees are payable at the commencement of Fax: +61 3 9925 0147 are encouraged to enquire about possible each semester and are calculated annually. School Client Service Team vacancies in the degree at any time. Email: email@example.com International full fee-paying students Local students www.rmit.edu.au/gradschoolbusiness 2010: A$39,600 total master degree Applicants must apply on a Direct Application FEE-HELP Form available from Info Corner Australian citizens and holders of a permanent (formerly Office for Prospective Students), humanitarian visa are eligible to apply for a Tel. +61 3 9925 2260, FEE-HELP loan through the Commonwealth visit www.rmit.edu.au/programs/applications Government. For further information visit International students www.goingtouni.gov.au Applicants must apply through Postgraduate Coursework CSP Equity International Services Scholarships GPO Box 2476V As part of its equity strategy, RMIT Melbourne VIC 3001 Australia University has allocated a limited number of Tel. +61 3 9925 5156 Commonwealth Supported Place (CSP) equity visit www.rmit.edu.au/programs/international places in postgraduate coursework degrees to enhance the access of applicants from designated groups. To see if you qualify visit www.rmit.edu.au/students/scholarships Entrance requirements Academic A bachelor degree in any discipline from a recognised tertiary institution. Preference is given to students with a Grade Point Average (GPA) of Credit. English language All non-Australian residents and overseas full fee-paying students must provide evidence of one of the following: » IELTS—6.5+ (no band below 6.0) » TOEFL Paper based—580+ (TWE 4.5+) » TOEFL Computer based—237+ (TWE 4.5+) » RMIT English Worldwide (REW)—Advanced Level 2 TOEFL or IELTS results are recognised for only one year from the test date. The Emily McPherson Redevelopment In 2010 the Graduate School of Business will move to redeveloped Other special features include an executive education centre and premises on the main RMIT campus. roof-top patio with views of Melbourne’s CBD. Building 13, the Emily McPherson Building, a magnificent heritage To follow developments on this exciting project visit property on the corner of Russell Street and Victoria Parade, is being www.rmit.edu.au/gradschoolbusiness/emilymcpherson totally refitted to provide a dedicated space for the Graduate School of Business and Juris Doctor programs. Once complete, the building will boast the latest in multimedia technology, teaching and meeting spaces designed for collaborative learning, executive education, careers counselling and alumni gatherings. Every effort has been made to ensure the information contained in this publication is accurate and current at the date of printing. For the most up-to-date information, please refer to 10306 the RMIT University web site before lodging your application. Prepared by: RMIT Design and Publishing, July 2009. RMIT University Provider Code: 00122A.