Business schools play an important part in bridging the link between universities, students and industry across Australia. The business schools are also a key component in assisting graduate students with a Masters of Business Administration (MBA) find a position in business and industry to jump-start their career.
Many of Australia’s business leaders and industry executives have succeeded in their careers on the back of gaining an MBA at their university business school of choice.
MBA graduates are in constant demand from business and industry and have a choice of world-standard business schools where the skills required to succeed in business are learned. Not least of all, is the ability to think strategically and apply the knowledge learned at a business school to the job at hand.
However, it’s interesting to note, that while so-called “hard” skills like analytical and strategic thinking are still in demand from employers, according to Professor Anandalingham of London’s Imperial Business School, they are desperately in need of what he calls “soft” skills such as oral and written communication, presentation, adaptability and the ability to negotiate.
Trends in markets like the UK or the US are often replicated here in Australia and the way employers think in those markets is undoubtedly mirrored here in Australia. So, while an MBA is a valuable stepping-stone to a career at the top in business, business students shouldn’t underestimate the importance of skills like communications.
An important prerequisite for business management and leadership, is the ability to communicate with people at all levels of an organisation. In fact, some of the most successful leaders in business and industry are those who are effective communicators – good listeners and good at imparting their own knowledge to those they work with. In short, good leaders.
The Graduate Management Association of Australia (GMAA) is a national authority on business schools and as part of its remit, it plays a part in helping to enhance and maintain the value of MBA qualifications for both students and employers.
One way the GMAA does that is to provide an annual 5-star rating of Australian University MBA courses and it’s latest ratings give 5 stars to Victoria’s Royal Melbourne Institute of Technology (RMIT) for its MBA Executive Program.
RMIT has also announced that its MBA Program has been awarded a 4-star rating by the GMAA.
According to RMIT, enhancements to both of the university’s MBA programs, with changes to entry requirements and stronger links with industry, contributed to its improved ratings.
So, if you’re a graduate or post-graduate student studying business at any school, including RMIT, you will be seeing the benefits of that school’s links into business and industry. Those links, and the networking opportunities they offer, are integral to your pursuit of a career in business.
The GMAA also promotes its business networking opportunities for members, which include business university postgraduates and undergraduates and those from corporate organisations such as senior managers, business and government specialists and business academics.
Commenting on RMIT’s 5-star and 4-start ratings by the GMAA, Professor Mark Farrell, Head of the Graduate School of Business and Law said the school was “committed to ensuring our students are exposed to cutting-edge theory and practice, and our MBA programs provide students with the knowledge and skills necessary to be successful in business.”