Flourish into Australia’s Fastest Growing Industries with an Online MBA

As Australia’s post-pandemic economy begins to recover, some emerging niche industries are projected to boom.

These industries can give professionals rich employment and career growth opportunities by harnessing quality education and training through an online MBA.

Niche industries like luxury brand management and digital health transformation are expected to experience rapid growth in the coming years.

Thoughtful upskilling helps candidates stay ahead of the employment curve. A comprehensive qualification, such as an online MBA program designed by Ducere Global Business School and accredited by Torrens University, will help equip professionals to thrive in these fast-growing niche industries.

Why an Online MBA?

Online study is the way of the future. It’s flexible and highly accessible — meeting the needs of all people who want to upskill, such as working professionals, business owners or even new mums.

An online MBA will make you more employable. Favouring MBA programs that provide project-led and applicable learnings is particularly valuable for quality professional development.

Ducere and Torrens University deliver online MBA programs that are highly focused. These project-based curriculums offer globally collaborative training for growing industries and create more relevant network building and better employment opportunities.

Luxury Brand Management

Australia’s luxury market is on a strong upward trajectory, expecting to reach $3 billion in revenue by 2024. This is broken down to be an approximate market sales growth of 6-8% per year through to 2024.

Within Australia’s broader luxury brand market, some smaller niche industries will experience an employment boom.

Luxury Hotels

Post COVID-19 Australia is set to experience a sharp rise in its travel and tourism industry. The pent-up travel demand is projected to cause 2023’s international arrival numbers to be 7% higher than those recorded in 2019. Australia’s hotel industry is going to experience a massive surge in demand.

Before the COVID-19 pandemic, Australia’s hotel industry was already experiencing impressive growth of 6% per year between 2016 and 2019, with room rates and occupancy numbers are projected to bounce back stronger than ever.

Real Estate

According to global leading real estate agency Knight Frank, demand for prime real estate is growing quickly across Australia. How? Luxury real estate listings are on the market for a shorter average time, and 2021’s first quarter’s sales were already hitting record numbers.

This demand is accredited to a consistent stock market and the increasing number of ultra-rich Australians — a demographic set to experience a 3.8% annual growth over the next five years. Approximately 81% of affluent Australians are looking for long-term luxury investments such as real estate.

Fashion

Luxury fashion is currently the biggest sector of Australia’s luxury goods market. The market is projected to grow annually by 8.76% — between 2021 to 2025 — with revenue projected to rise by 3.6%.

Digitalisation growth has allowed luxury brands to build a stronger foothold in the Australian market. This is coupled with the ability to offer the full sensory experience of buying luxury products due to Australia’s thriving brick and mortar presence in other major economies.

Why complete an Online MBA in Luxury Brand Management?

This niche MBA in Luxury Brand Management aims to develop contemporary leaders in Australia’s luxury market in the current and future economic climate. You will learn key business administration concepts via practical-led learning, all tailored to the nuances of this industry. This qualification can also lead to more employment opportunities and an average salary increase of 68%.

More specifically, you’ll learn:

• Luxury brand marketing concepts
• Digital transformation
• Digital operations and project management
• Managerial finance
• People and culture
• Entrepreneurial skills
• Big data analysis
• Leadership skills
• Ethics and decision-making

With Ducere’s online MBA in Luxury Brand Management, you will also participate in an applied industry project to ensure networking opportunities and experience-led learning.

Possible careers after the completion of this qualification include:

• Executive director
• General manager
• Marketing director
• Entrepreneur
• Business consultant
• Board member
• Head of operations
• Head of customer service
• Head of marketing

Digital Health Transformation Management

As Australia’s healthcare system continues to deal with the consequences of COVID-19, they have started to pivot towards a more digitised infrastructure. This new infrastructure has opened up rich upskilling and employment opportunities within the digital health transformation for both current and soon-to-be professionals.

This shift in technology is spearheaded by the Australian Government’s new Digital Health Strategy that will launch in 2022. This Framework for Action, will aim to ensure medicine and health services are distributed more seamlessly, fairly and efficiently.

As the healthcare system continues to make technological strides, healthcare management roles will highly favour those professionals willing to upskill and understand these new technologies proactively.

Telemedicine

Telehealth services experienced a considerable surge in demand during the COVID-19 pandemic, which has led to the projected growth of the telemedicine industry to double by 2025, despite COVID restrictions easing.

The projected billions of dollars in savings that telehealth can provide for Australia can provide better health access and services to more remote communities.

With this growth comes a high demand for people who can manage and understand the increasingly sophisticated technology in these healthcare spaces.

Currently, 10% of Australians regularly use telemedicine services, and key stakeholders are being told to take advantage of this shift now to ensure forward momentum.

Personalised Medicine

Personalised medicine studies an individual’s genomes to find individualised cures or treatments for low-survival rate illnesses such as cancer.

High-end and up-to-date technology are critical to successfully implementing this industry’s findings to broader healthcare and medicine within Australia.

Placing Australia as a leader in genomic research, the Australian government allocated a grant of $65 million to personalised medicine research in 2019, calling for more skilled professionals to manage these funds and subsequent technology.

Why an Online MBA in Digital Health Transformation?

This massive shift in technology’s role within Australia’s healthcare sector comes with a demand for quality management. An online MBA in digital health transformation will help prepare current industry professionals to stay abreast of the changing pace of healthcare spearheaded by technological developments.

Ducere’s online MBA engages students via fundamental business administration theories and relevant frameworks while encouraging them to examine the challenges and opportunities in modern health management critically.

Graduate Goals

This online MBA aims to develop well-articulated leaders within the health management sphere. Through tailored practical-led curriculums, graduates will become innovative, forward-thinking professionals in this space.

This qualification can lead to the exciting career opportunities of:

• Director, Technology Strategy and Transformation
• Director, Technology Strategy and Transformation Consulting
• Manager – Digital and Technology Risk and Risk Transformation
• Associate Director Transformation Program Management
• Consulting Director – Digital Transformation
• Client Director – Digital Transformation

Giving back to the community

Not only will a specialised online MBA give you an edge and invaluable knowledge for your future employer, with Ducere, you will also give back to the community.

Ducere Business school’s tuition fees fund initiatives of the Ducere Foundation, including advancing education across Africa, and offering affordable, online, world-class degrees to the African market.

Let your education make a difference not only in your life but to others in need too.