Master of Business
Administration

Learn to manage businesses across international borders. Refine essential business skills, study how to manage international projects, and make decisions based upon data analyses, while considering important issues of sustainability. Study how cultural complexities like political geography and multicultural management impact business practices. Learn how approaches to leadership, change management and ethics affect today’s global environment.

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Student Type

Learning Mode

Locations:

  • Melbourne
  • Sydney
  • Adelaide
  • Geelong

Next intake:

  • 26-Feb-2024
  • 20-May-2024
  • 22-July-2024
  • 09-Sep-2024
  • 02-Dec-2024

Duration

  • 2 Years (Full-Time)

Fees

  • $16,000 ($1,000/unit) - 16 Units MBA without RPL
  • $12,000 ($1,000/unit) - 12 Units MBA with RPL
Am I a Domestic or International Student?
You are considered a 'domestic' student for university application purposes if: You are an Australian citizen; You are a New Zealand citizen (or dual citizenship holders of either Australia or New Zealand); You are an Australian permanent resident; You are an Australian permanent humanitarian visa holder. *If you don't hold one of the above visas or citizenships, you will apply as an international student.
Quality Education Since 1998

Master of Business Administration (MBA)

The Master of Business Administration degree (MBA), has become one of the most coveted degrees in the workplace. It is for both career changers and the ambitious, often the key to leadership and that next promotion. According to Forbes (2019), 59% of Fortune 100 CEOs have an MBA.

VIT launched its Online MBA program in 2018 and face to face onshore in Australia in late 2020. Being a new degree program means we have been able to incorporate the latest management theory and industry knowledge into our curriculum. Many of our lecturers are industry experts and teach at other universities. So, you are assured of getting access to the same quality education.

VIT - YOUR PARTNER

Experience the VIT advantage

We offer online, face to face and blended classes. You can choose your own pace and mode of learning depending on your preference.

The VIT advantage is clear:
  • One of the most affordable in Australia.
  • Dedicated student support.
  • Quality education since 1998.
  • Flexibility – Study at your own pace and complete a Graduate Certificate, Graduate Diploma or Masters depending on your own priorities and schedule.

Program Highlights

Discover the highlights of our comprehensive programs, designed to empower you with essential skills and knowledge.

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Industry-Relevant Curriculum

Gain practical knowledge with a curriculum designed to meet industry demands and drive success in the dynamic business world.

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Experienced Faculty

Learn from seasoned professionals and industry leaders who bring real-world expertise to the classroom.

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Global Networking Opportunities

Connect with a diverse cohort of students, fostering cross-cultural experiences and valuable networking opportunities.

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Personalized Career Support

Access exclusive career services, workshops, and counseling, empowering you to make informed career choices and achieve your professional goals.

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Flexibility of Study

Choose from flexible study options to balance your academic journey with work, family, and personal commitments.

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Global Recognition

Earn an internationally recognized MBA degree, enhancing your career prospects worldwide.

See how VIT compares

Open doors to opportunities around the world

Earn a degree that will elevate your international career prospects. Build a global network with students from many countries around the world.

STUDY CONTENTS

Course Overview

VIT's Master of Business Administration (MBA) is a Post-Graduate course at Australian Qualifications Framework (AQF) Level 9.

This is carefully designed to equip aspiring leaders with the skills and knowledge necessary to thrive in the complex and dynamic world of business management. Throughout the course, students will immerse themselves in a diverse range of business disciplines, including finance, marketing, operations, and human resources, gaining a comprehensive understanding of contemporary business practices. The MBA - Management program at VIT emphasizes experiential learning and real-world case studies, empowering students to develop critical thinking, strategic decision-making, and leadership abilities essential for success in the global business landscape. With a focus on fostering innovative and ethical business practices, the program nurtures future business leaders who can drive positive change in their organizations and beyond.

Course Code: MBA9118

Cricos Code: 096671M

Duration: Depending on how many units and whether full-time or part-time. Normally a
full-time MBA will be a 2 year course.
*Part-time calculated at half course load, but you can take anywhere from 1-4 units each semester

Intake: Refer to Intake Dates


Course Qualification: A total of 96 credit points will satisfy the requirements for qualification.

Delivery Mode
  • Online for Domestic and Overseas applicants
  • Blended Learning mode for international students
Course Qualification

A total of 96 credit points will satisfy the requirements for qualification.

Exit Qualifications
To provide maximum flexibility, we provide multiple exit qualifications. Successful students are eligible for the highest of these for which they have met the criteria:
  • MBA (either generic or specialisation – 16 units, including up to four RPL for qualified candidates)
  • Graduate Diploma (eight units)
  • Graduate Certificate (four units)

Exit Qualification Rule

To graduate with an MBA, you need to have completed 16 units (96 credit points). If you have studied related subjects and/or have extensive professional, supervisory or managerial experience, you may be eligible to receive standing through recognition or prior learning/credit transfer (RPL/CT) for up to 4 of the 16 units. To graduate, you must have satisfied the requirements of all 8 core units and 8 elective units (including your RPL units). Domestic and Onshore students may replace two elective units with a Business Project unit worth 2 units.

*Specialisation Streams

Course Structure with Specialisation

Whether you decide to pursue a general MBA or MBA with a specialisation, we will ensure that the qualification you are completing is always industry focused and relevant internationally. To drive your future, we offer four MBA distinctive specialisations.



Our campus locations

Sydney

157-161 Gloucester Street, The Rocks, Sydney 2000

Melbourne

Level 14, 123 Queen Street

Level 6-10, 235 Queen Street

Level 6, 118 Queen Street

Geelong

Level 1, 191 Ryrie St, Victoria 3220

Adelaide

Level 2, 112 Rundle Mall, South Australia 5000

14 Adam Street, Hindmarsh, South Australia 5007

Course Content

Learn to manage businesses across international borders. With a global lens, you will refine essential business skills, study how to manage international projects, and make decisions based upon data analyses, while considering important issues of sustainability. You will study how cultural complexities like political geography and multicultural management impact business practices. Learn how approaches to leadership, change management and ethics affect today’s global environment.

Core Unit Structure

An understanding of marketing and consumer behaviour is important to be able to manage and lead marketing environments in private and public sector environments to ensure the sustainability of the business and the environment. This unit introduces sustainable marketing practices that involve creating, communicating, and delivering value to customers and managing relationships in ways that benefit the organisation and its stakeholders. In considering these topics, we will consider contemporary dynamics and issues in marketing approaches.

This unit provides a solid foundation in the core business disciplines of accounting and law. The students will be able to understand fundamental accounting concepts and conventions as a basis for making business decisions. At the same time, this unit provides students with sufficient knowledge of the law to enable them to recognise a legal problem, its impact on administration and control issues, and when to obtain advice.

This unit delivers a solid foundation in the core business disciplines of operations management, logistics and management information systems. Managing logistics and technology has been identified by business researchers as one of the six core competencies expected of MBA graduates. Students will learn about controlling machines and processes, interacting with computers, and inspecting equipment.

Being a leader requires educated judgement and decision-making skills. How do leaders collect the most pertinent and important information to make decisions that impact human and financial capital? On what basis are decisions made? This unit is concerned with being able to obtain and interpret information to facilitate judgement of things, services, and people. Students receive a sound foundation in the most relevant areas of business statistics and quantitative methods, including appropriate treatment of current trends such as the business value of big data. This subject engages students in the collection of data, how to filter data and how to convert it to information to use it most effectively in decision-making.

The most crucial resource within any organisation is its people. Managing people is a central activity in most managerial-level jobs, and is vital to the financial bottom line. Line managers now need to develop and apply people management skills. Due consideration will be given to contemporary changes in human resource dynamics, such as increased flexibility and the ability to leverage technology to facilitate work-life balance. This subject focuses on the development of knowledge and skills to enable students to identify, critically analyse and make effective decisions to resolve people-related issues in organisations, facilitate employee development, and develop and sustain effective teams in complex operating environments.

Understanding human behaviour at individual, group and organisational levels is essential for private and public organisational success. This unit enables students to gain an appreciation of organisational behaviour which they can use throughout their careers. Organisational behaviour draws upon a diverse range of disciplines. These include psychology, sociology, anthropology and economics. The unit leverages these disciplines to take an integrated approach to management with an applied focus, whilst drawing upon scientific foundations and consideration of the modern contemporary workplace.

This unit focuses on thinking creatively, being able to develop objectives and strategies, and providing advice to others. Students apply the principles of strategic management to understand and apply different strategy formulation processes in use by a variety of organisations. This includes the ability to apply a range of strategic management tools and techniques to critically analyse and gather the information required to develop an organisation’s strategy.

Research is the process of finding solutions to a problem after a thorough study and analysis of situational factors. Managers in organisations constantly engage themselves in studying and analysing issues and hence are involved in some form of research activity as they make decisions at the workplace. The difference between good decisions and making mistakes is determined by how managers go about the decision-making process. This unit provides a solid foundation to enable students to utilise good research to inform decisions. Reflective of the contemporary nature of business research practice, students gain experience in working in online research teams.

MBA Specialisations

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MBA - Finance and Accounting Specialisation

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MBA - Management Specialisation

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MBA - Information Systems Specialisation

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MBA - Tourism and Hospitality Specialisation

Course Structure

All units are equivalent to six credit points, except BUS3007 (12 credit points).
MBA (non-specialisation) MBA (specialisation) Graduate Diploma Graduate Certificate

Finance and Accounting specialisation

The unit provides an overview of conceptual frameworks and paradigms within which individuals and organisations can analyse the risks and returns of investments and make informed decisions. Students gain an understanding of the theory and then apply the principles of investment management. Topics covered include asset allocation and selection, computing rates of return on various instruments, short selling and buying on margin, diversification and portfolio considerations, derivative securities and valuing equities using discounted cash flows and price multipliers.

Students receive a comprehensive introduction to corporate financial management. The unit links the mathematics of finance and discounted cash flows to finance theory, valuation and investment analysis, commencing with an understanding and analysis of accounting statements from a finance perspective. The subject also considers short-term finance, essential to many small and medium enterprises (SMEs). The focus of this is on creating shareholder value, with due consideration given to the role of corporate finance within the broader context of corporate governance.

This unit is designed to introduce students to the practical application of financial analytic modelling using appropriate tools including spreadsheets. The subject covers both modelling, and financial theory, and includes computer methods, activity-based costing, risk measurement, capital budgeting, project management, optimal capital budgets, short-term planning and financing, and statement analysis.

Financial accounting is an essential function that ensures the provision of relevant and reliable information to stakeholders. Management accounting is a powerful tool that helps inform decisions. This unit focuses on those aspects of management accounting responsible for the financing of the organisation, and on the interpretation of statements that form the output of financial accounting. Students undertaking this unit learn the key processes and techniques of financing elements of management accounting.

Information Systems specialisation

This unit provides the necessary foundation for Business - IT alignment, an understanding of which is essential for the successful implementation of business transformation. Students will evaluate the strategic and operational roles of information systems in organisations. Students will also critically analyse the purpose, components, and challenges related to common business information systems. In addition, the students will build a knowledge and understanding of the foundations of IT and business, and how they align and complement each other. This is essential in studying the more advanced units that follow in the course.

This unit covers essential IT project management (PM) techniques for managing medium to large-scale IT projects such as enterprise software solutions projects, IT infrastructure implementation projects, and IT outsourcing projects. The unit covers process groups such as initiation, planning, execution, monitoring, control and closure. On completion of the unit, students will be able to synthesise complex project parameters and apply IT PM framework, processes and knowledge to manage IT projects. Students will employ appropriate tools and techniques necessary for project estimation, work breakdown structures, precedence analysis, scheduling, critical-path analysis, earned value management and cost-benefit analysis.

The unit elaborates various agile aspects in phases such as requirements engineering, management, design, modelling development, testing and continuous delivery. The unit discusses ‘Agile’ engineering practices to foster collaboration, feedback, and continuous improvement for producing business value. Students will apply the agile principles and practice of requirements, analysis, and design while implementing software solutions. Further, students will critically analyse customer requirements and implement solutions using agile-based software engineering practices and a body of knowledge.

The unit provides comprehensive coverage related to analysing and modelling business processes. Frameworks are introduced for understanding the design, control and improvement of business processes. Implementation details are discussed using modelling tools and analytical frameworks. Case studies are used to reinforce the general principles for managing business processes, to illustrate topics such as the identification of information-bearing events and to understand how to assess and improve process efficiency. The unit also discusses interactions between human behaviour and process design.

Management specialisation

Managing, controlling and improving quality are vital activities in contemporary business organisations. This unit aims to expose students to the range of techniques required for the control and improvement of quality. Further, it will place a particular emphasis on appropriate management structures and statistical/analytical tools where students will be prepared to critically analyse and define the business process using industry-standard business process notations and use it as a building block to develop IT solutions that optimally meet business operations. Students will become proficient at enhancing an existing process and designing new processes using the business process life cycle.

This unit provides an academically grounded analysis of sustainability, as well as providing the core knowledge required to decide upon, implement and measure a sustainability initiative. Students will enhance their understanding that managing sustainability is managing for the long-term. Given the apparent conflict between sustainability and instant success, this unit addresses the issue of how an organisation that seriously addresses sustainability can be successful in a business environment that rewards short-term success. Students will identify the importance of sustainability to a variety of organisations and will gain the skills and tools to develop realistic sustainable plans based on the risks and opportunities that exist.

Project management skills cross subject and functional boundaries to facilitate holistic solutions for complex problems in industry. In this unit, students examine the fundamental principles, strategies and approaches used by project managers. Students are introduced to the stages of project management from initial project selection through to final closure. Topic areas include planning, estimating, quality management, risk management, managing stakeholders, developing the project team and the use of appropriate project planning software.

This unit introduces students to leadership and organisational change theories, models and frameworks. They will be asked to explore ethical, political and cultural aspects of change and decision-making. This unit aims to provide students with opportunities to challenge their perspectives of organisational change given the models and theories that they will interact with in the course. They will critically evaluate the current literature, theories and models of organisational change and leadership. Students will diagnose and reflect on their reactions to change and transition on both a personal and organisational level and the impact this has on how they lead and manage change.

Tourism and Hospitality specialisation

Students are provided with the skills and knowledge necessary to both plan and deliver events of various types and scales. This unit is concerned with managing a special kind of project – the event. This involves initiating, planning, implementing, employing control and monitoring systems, evaluating, and managing legacies. In discussing these steps, those factors that act to condition how they are undertaken are addressed, including considerations linked to ethical, environmental and socially-responsible business practices.

Integrated Marketing Communications is the concept under which a company carefully integrates and coordinates its many communication channels to deliver a clear, consistent, and compelling message about the organisation and its products. The marketing communications environment is changing rapidly because of rapid technological advances and globalization. Mass markets have fragmented, causing marketers to shift away from mass marketing, resulting in increased media fragmentation. This unit provides students with a strong foundational understanding of the approaches and considerations of integrated marketing communications.

Tourism is one of the world’s largest industries and is growing rapidly. Sustainable tourism and hospitality improve the long-term prospects of businesses and communities as well as the environment in which these businesses operate. This unit encourages a holistic approach towards tourism and its management, with a strong emphasis on sustainability. The unit will identify and analyse the general management principles and systems that apply to various types of tourism and hospitality operations. Students will examine in more detail the operational issues associated with a particular type of tourism operation.

Hospitality refers to organisations that offer shelter, food and potentially other services to people away from their homes such as hotels, resorts, clubs, casinos and attractions. Whilst diverse, these organisations share several management problems. Managers within the hospitality industry have a wide and varied role. This unit provides students with the grounding to enable them to work towards advancement in these areas. Whilst there are commonalities with management in a manufacturing context, it is important for people wishing to manage within, or provide leadership input, within the hospitality and tourism sector to have specialist skills and knowledge.
ADMISSION

Course entry requirements

You can satisfy the English language requirements in a number of ways (IELTS, TOEFL iBT, PTE (Academic), CEFR (CAE or CPE and others) to meet the VIT's Course-specific English language requirements. You must satisfy the requirements in one sitting or combinations of English preparation or you may be considered subject to meeting our internal assessment on a case by case basis, preceding the proposed date of commencement of course enrolment. Please contact VIT for further admission enquiries.

18 years or older at commencement of course.

An English Language proficiency level of one of the below:

  • Meet the entry requirements through one of the following English Language Tests:
    • Academic IELTS band overall 6.5 and no individual band less than 6.0
    • Academic PTE: 58 or above with no communicative skill below 50
    • TOEFL (iBT): 79 or above; Writing 21; Speaking 18; Reading 13; Listening 13
    • TOEFL (Paper): 577 + TWE 4.5
    • CAE: 176 or above with no skill below 169
    • A Levels with a C or better in English/English literature in the General Certificate of Education (GCE)
    • Other tests as approved by Academic Board
  • Successful completion of 12 years of schooling in Australia
  • Successful completion of a degree or diploma in Australia
  • Satisfactory completion of at least one semester of higher education study in an Australian Institution (satisfactory for this purpose would mean that the applicant has completed 50% or more of the semester load)
  • Completion of an undergraduate degree from the following countries where English is the official language: Australia, Canada, New Zealand, Singapore, South Africa, Republic of Ireland, United Kingdom and United States of America
  • Completion of an undergraduate or postgraduate degree where English was the medium of instruction and assessment. (Evidence is mandatory)
  • In exceptional cases, the Executive Dean or delegate, can consider an English entry requirement waiver, other than the above criteria, on a case-by-case basis as deemed fit.

  • Any recognised degree is required to enter VIT’s MBA course. A recognised degree is any Australian or equivalent oversees degree at AQF level 7 or above.

Non-Graduate Entry: Graduate Certificate

  • If a candidate does not hold any previous bachelor’s degree (AQF 7) or a recognised equivalent qualification from any other country, the candidate can be admitted to the Graduate Certificate of Business Administration (GCBA), with at least five years of relevant experience, and if they successfully pass the 4 units of GCBA they may exit with a GCBA and/or may continue with an MBA course.
CAREERS

Your Master of Business Administration career outlook

We understand that the MBA is ultimately an investment to advance your goal of getting a new job, or that promotion, or career change.

Non specialisation MBA degrees can lead to a lot of flexible career paths such as banking and finance, management consultancy, consumer brands (e.g. P&G, Unilever) and IT (e.g. Amazon, Afterpay).

Those who specialise might have their sights set on industries they are already in. For example, a hotel employee doing an MBA specialisation in tourism and hospitality might have their eye on one day becoming general manager of their hotel.

Our teaching staff support you throughout your degree to help you understand the job market, where the current opportunities are and what strategies will help you.

The VIT coordinator for internship and industry engagement contacts with various partners will not only help students with internships during their degree but also when seeking work upon graduation.

Business Development Manager

As a Business Development Manager, you will be responsible for identifying new business opportunities and cultivating strategic partnerships. Leveraging your MBA skills in market analysis and strategic planning, you will drive business growth, expand the customer base, and maximize revenue. This role involves fostering strong relationships with clients, negotiating deals, and overseeing the implementation of business strategies to achieve organizational goals.

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Management Consultant

As a Management Consultant, your MBA in Management equips you to provide expert advice and guidance to businesses seeking to optimize their operations and enhance performance. You will conduct in-depth analyses, diagnose organizational challenges, and recommend strategic solutions. Management Consultants work collaboratively with clients to implement changes, improve efficiency, and foster a culture of innovation. This dynamic role requires strong problem-solving skills, exceptional communication, and the ability to adapt to various industries and business environments.

Project Manager

With an MBA in Management, you are equipped to become a Project Manager, responsible for planning, executing, and monitoring projects from initiation to completion. You will lead cross-functional teams, allocate resources, and manage project timelines and budgets. Your ability to handle complexities, mitigate risks, and effectively communicate with stakeholders will be crucial in ensuring project success and delivering valuable outcomes to the organization.

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TUTION FEES

Tuition Fees & Admission

It is not necessary to have a Bachelors degree as a prerequisite if you have 5 years of relevant professional, supervisory or managerial work experience, you can apply for entry into the Graduate Certificate in Business Administration as a pathway into MBA. If you are not sure, contact us to see if your work experience is sufficient.

Information on how to apply can be found here for Domestic & international students.

For further information, please email: [email protected]

International (Oncampus)

Duration 2 Years (Full-Time)

$48,000

Apply Now

* $3000/unit

International (Online)

Duration 2 Years (Full-Time)

$16,000

Apply Now

$16,000 (16 Units MBA without RPL)
$12,000 (12 Units MBA with RPL)
* $1000
/unit

Domestic

Duration 2 Years (Full-Time)

$16,000

Apply Now

$16,000 (16 Units MBA without RPL)
$12,000 (12 Units MBA with RPL)
* $1000
/unit

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Empowering Dreams


Scholarship Opportunities

Unlock your potential with our diverse scholarship offerings at VIT. Experience the joy of pursuing your educational aspirations with financial support tailored to your needs. Embrace a future full of opportunities and academic excellence through our "Empowering Dreams: Scholarship Opportunities." Apply now and let us be part of your journey to success.

12 Compelling Benefits of MBA in Management at VIT

  • Accelerate career growth with advanced managerial skills.
  • Gain a global perspective on business strategies and trends.
  • Access exclusive networking opportunities with industry leaders.
  • Develop leadership qualities and decision-making acumen.
  • Cultivate an entrepreneurial mindset for innovation.
  • Enhance financial analysis and strategic planning capabilities.
  • Acquire expertise in project management and operations optimization.
  • Boost marketability and employability in diverse industries.
  • Expand your professional network for future collaborations.
  • Explore real-world case studies and industry-focused projects.
  • Elevate communication and negotiation skills.
  • Become a sought-after leader in the competitive business landscape.

Enquire Now and Unlock Limitless Possibilities!

At VIT, we believe in empowering you to dream big and reach new heights. Take the first step towards an exceptional future by inquiring now. Our dedicated support team is here to guide you through the admissions process, answer your questions, and help you discover the myriad opportunities that await you.

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STUDENT REVIEWS

This is what our students say

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Anisha Bhandari
BITS – Melbourne Campus

Initially, I wasn’t sure if it was a good opportunity compared to an internal project, but I’m glad I went with the internship because I had a wonderful experience. I was able to expand my knowledge, acquire useful work experience, and develop my professional relationship. Additionally, this internship enabled me to solidify my professional objectives and given me a greater grasp of the field I intend to work in after graduation.

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Ayesha Rizwan
BITS – Sydney Campus

I undertook an internship in my final year through VIT, and it proved to be an exquisite growth opportunity for me and my peers. During this internship, we were introduced to the industry and gained valuable experience while developing our client’s product. Communication skills, requirements handling, prototyping, product development, version control, team co-ordination are a few of the skills I attained, additionally it enabled us to develop new capabilities which would prove incredibly beneficial to my career.

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Elizabeth Pardede
Diploma of IT

I would like to take a moment to thank you, Mr. Sharif, for an incredibly insightful and informative lecture. Your passion for the subject matter was evident, and it made the lecture more engaging.

I especially appreciated how you took the time to explain complex concepts in a clear and concise manner, making it easier for me to understand the material. Your use of real-world examples also helped to solidify my understanding of the topics covered.

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Jingzhao Li
BITS – Melbourne Campus

"I want to express my sincere gratitude for your invaluable support throughout this course. As I near its conclusion, I feel compelled to share my feedback.First and foremost, Sharif has proven to be an exceptional and knowledgeable teacher. He consistently made himself available to assist students and address our concerns. When I commenced this course with limited knowledge of the IT industry, he went above and beyond to provide me with the necessary guidance. Sharif patiently explained fundamental IT concepts, terminologies, and technical jargon.

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Kavya Madam
MITS - Melbourne Campus

"I'm deeply grateful for the opportunity to attend the Programmable conference on March 28, 2023. It has enriched my understanding and insights in my field of study. Your continuous support and commitment to our education inspire us to succeed. I've attached my conference pass for your reference. Thank you once again for this invaluable experience, and I'm eager to continue utilizing the resources and support available at VIT to further my growth."

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Rahul Das Kathbaniya
Diploma of IT Networking – Adelaide Campus

"I deeply appreciate your extraordinary dedication to our online classes. Reflecting on my journey in the Diploma of Information Technology Networking course, I recall the initial challenges I encountered while grasping the material and completing assignments. However, your teaching prowess, interactive teaching style, and knack for making intricate topics engaging transformed my learning experience. Your commitment to fostering unity among students and your relentless pursuit of excellence distinguish you as an exceptional educator.

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Shenali Jayasekara
BITS – Melbourne Campus

"I completed my first internship at VIT Melbourne, which was a transformative experience. It exposed me to exciting projects and exceptional individuals, allowing me to apply my knowledge in real-world situations and contribute ideas. This opportunity showcased trust in my abilities, for which I'm sincerely grateful. Throughout this journey, I gained practical skills, enhanced my diligence, and accumulated invaluable experience that will shape my future. My heartfelt thanks to Dr. Vo, Robert Walker, and our team coordinator, Dr. Sarath Rangarajan, for their unwavering support. Thank you, VIT internship team!"

FAQ's

Frequently asked questions

Your go-to resource for instant answers to common queries, making your journey smoother and more informed.

The Master of Business Administration (MBA) course is accredited by the Tertiary Education Quality and Standards Agency (TEQSA), the regulator of higher education and the accrediting authority for higher education courses in Australia. You may look up the National Register for this course. VIT is registered by TEQSA to offer and confer Australian higher education award for the completion of an accredited Australian course of study – MBA.

The qualification conferred upon completion is recognised by the Australian Government and will provide you with a competitive edge in the job market, both in Australia and overseas.

Yes, the MBA course is currently accredited by TEQSA.

You may see on the National Register that the Course is pending renewal. This is because TEQSA accredits higher education courses for a certain period of time, and almost all higher education providers must renew the course accreditation when the current accreditation expires. The renewal of accreditation with TEQSA is typically a lengthy process, during which time, the National Register will show that the course is pending renewal and the current course accreditation continues until TEQSA makes a decision. The same process applies to almost all other providers.

 

VIT has submitted to TEQSA an accreditation application for the MBA course.

Full time means you study 6-8 units in an academic year. Part time gives you the flexibility to take a lighter course load, which gives many working people more flexibility. Part time study is only available to students not on student visa. It is estimated each unit could take between 6 and 10 hours each week of classes, readings and assignments. This can vary depending on how quickly a student becomes familiar with the course material.

A full course load of 16 units is expected to take 2 years of full time study. However, you may be eligible for recognised prior learning (RPL) based on your education and work experience.

Yes, if you have at least 5 years professional, managerial or supervisory experience. You are first enrolled in our graduate certificate in business administration (GCBA, the first four units of our MBA) and on successful completion, you may progress to finish the rest of the MBA curriculum.

The business world is becoming increasingly complex. We believe our students need to be armed with a wider range of knowledge than others so they are more employable and can better face the challenges of tomorrow. Harvard University started the world’s first MBA in 1908 where students still undertake a 2 year degree. Why would we deviate from best practice? Most 12 unit MBA courses do not have specialisation electives. At VIT though, we offer students the opportunity to specialise in one of four areas, including management, information systems, finance & accounting, and tourism & hospitality. This ensures far more in-depth knowledge of these areas.

All Australian accredited degrees are approved by the Australian Tertiary Education Quality and Standards Agency.  So, the VIT MBA is academically equivalent to any other institution in Australia and around the world.

This is not the standard practice at VIT, as the core units are not granted as part of the RPL. However, only in very special circumstances the RPL Committee may grant credits for core units if strong evidence of RPL was presented.

Not all units are offered at any time. You may choose elective units from those scheduled in the timetable in a particular study period.

Domestic students do not have financial aid, however, they may be eligible for FEE-HELP from the Australian government. Some may be eligible for our scholarships in special circumstances. To know more, please contact our team on [email protected].

If you have a recognised bachelor’s degree in business (AQF7 equivalent) or related discipline, or a recognised bachelor’s degree or above in any discipline and at least 2 years professional, managerial or supervisory experience, you may be eligible to receive credit for recognised prior learning. However, your academic qualifications must be 10 years old or less to be recognised. The VIT RPL committee will assess RPL applications on a case-by-case basis.

We understand it is a big decision to pursue an MBA and you may not be sure if you have the time or feel suited for it. That’s understandable and natural, and we’re here to help.

Each intake period we have a limited number of 5 places available for students to enrol in one unit. These places are only open to either females or Australian indigenous people.

This gives you the opportunity to sit in on the Sustainable Marketing class, for free, no obligations. Just soak up knowledge and learn.

If you decide though after 5 weeks that you would like to participate in assessments, you can pay a $250 assessments fee. You may be granted a 3 week extension to complete your assessments at the discretion of the course co-ordinator.

If later you decide to pursue an MBA with us and want to receive credit for the unit taken, a $750 credit fee will be payable

You are considered a domestic student if you:

– are an Australian citizen; or

– are an Australian permanent resident visa holder; or

– are a New Zealand Special Category Visa holder, have been ordinarily resident in Australia for 10 years and entered Australia before the age of 18 over 10 years ago.

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