MBA COURSE FEES
FLEXIBLE LEARNING MODE
Online / On-campus / Blended
FITTING YOUR TIME
Full-time or Part-time
Master of Business Administration (MBA) Domestic
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.
See how VIT compares
Experience the VIT advantage
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.
Experience is a wonderful asset however coupling that with the appropriate knowledge is extremely important. Throughout my career, I have managed teams and even ran my own business before selling it to emigrate, enrolling to do my MBA with VIT has made me realise how I could have done things differently to achieve better outcomes. This is by far the best decision I have made and my only regret is that I did not do so earlier in my career.
– Bronson Tillie, MBA candidate, 2021
With leadership, management and projects background across FMCG and currently in Public Services, I found the ‘Start Your MBA For Free’ opportunity beneficial for me with a vision to enhance my skillset. Undertaking an MBA risk free is a great initiative for future female leaders.
– Lianne Riangi, Start Your MBA For Free, 2021
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.
|Course Fee||$1,000 per unit
e.g. 16 unit MBA without RPL – $16,000
e.g. 12 unit MBA with RPL – $12,000
|Payment Options||Fee-Help, Upfront, Payment Plan
FEE-HELP is a loan from the Commonwealth Government and is available for eligible students to assist in financing their studies. For more information about these loans including eligibility criteria please visit the Study Assist website
|Eligibility Criteria||Refer to Entry Requirements|
|Scholarship Programs||EQUITY Scholarship Program
VIT ACADEMIC Scholarship Program
|How To Apply||Apply Here|
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 students.
For further information, please email: [email protected]
|Duration||Dependent 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.
|Delivery Mode||Online for Domestic and Overseas applicants
Blended Learning mode for International Students
|Intake||Refer to Intake Dates|
|Course Qualification||A total of 96 credit points will satisfy the requirements for qualification.|
Graduate Certificate of Business Administration (GCBA) – 4 Units
To graduate with an MBA, you need to have completed 16 units (96 credit points). If you have studied related undergraduate or have extensive professional, supervisory or managerial experience you may be eligible to receive advanced standing through recognition of prior learning / credit transfer (RPL / CT) for 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.
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.
Core Unit Structure
MBA WITH MANAGEMENT
MBA WITH INFORMATION SYSTEMS
MBA WITH FINANCE & ACCOUNTING
MBA WITH TOURISM & HOSPITALITY
LEARNING AND PROFESSIONAL DEVELOPMENT PORTFOLIO
CAREER MANAGEMENT AND DEVELOPMENT PROGRAMME
MBA CORE UNITS
MBA 5001: SUSTAINABLE MARKETING
This unit provides students with a comprehensive coverage to understanding the marketing environment of their setting in order to manage their tasks. They will learn about how to manage suppliers, distributors, customers, stock markets and competitors, all of which directly affect the organisation in the attainment of its business goals.
MBA 5002: MANAGING ADMINISTRATION AND CONTROL
This unit delivers the core business disciplines of accounting and law and enables students to understand fundamental accounting concepts and conventions as a basis for making decisions in business. Students will also be provided a brief understanding of law across the wide spectrum of activities that inﬂ uence and impact organisational operations.
MBA 5003: MANAGING LOGISTICS AND TECHNOLOGY
This unit is designed to introduce operations management, logistics and management information systems in the context of building a sustainable competitive advantage through the design of process management, quality assurance, likely demand, location, layout, inventory, supply chain management, job design and maintenance management.
MBA 5004: MANAGING DECISION MAKING PROCESSES
Managing decision making processes is concerned with being able to obtain and interpret information to facilitate judgement of things, services, and people. This unit explicitly delivers this through 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.
MBA 5005: MANAGING HUMAN CAPITAL
Managing human capital is concerned with coaching and developing others, resolving conﬂicts and negotiating with others, developing and building teams. This unit 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.
MBA 5006: MANAGING ORGANISATIONAL BEHAVIOUR
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. This unit builds students’ understanding beginning with a focus on the behaviour of the individual.
MBA 5007: MANAGING STRATEGY AND INNOVATION
Managing and leading strategy and innovation is concerned with thinking creatively, being able to develop objectives and strategies, and providing advice to others. This unit explicitly delivers this through a solid foundation in the core business disciplines of strategic management, and innovation and entrepreneurship. This unit facilitates students to apply the principles of strategic management.
MBA 5008: BUSINESS RESEARCH METHODS
Research is the process of ﬁnding solutions to a problem after a thorough study and analysis of the 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.
MBA WITH FINANCE AND ACCOUNTING SPECIALISATION
MBA 6001: INVESTMENT MANAGEMENT
This unit enables students to understand 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, a comparison of stop and bond performance, constructing priceweighted indexes, market efﬁciency, ratio analysis, mutual funds and hedge funds, diversiﬁcation and portfolio considerations, derivative securities and valuing equities using discounted cash ﬂ ows and price multipliers.
MBA 6002: CORPORATE FINANCE
Corporate ﬁnance provides students with a comprehensive introduction to corporate ﬁnancial management. The unit links the mathematics of ﬁnance and discounted cash ﬂ ows to ﬁnance theory, valuation and investment analysis, commencing with an understanding and analysis of accounting statements from a ﬁnance perspective.
MBA 6003: FINANCIAL ANALYTICS
This unit is designed to introduce students to the practical application of ﬁnancial analytic modelling using appropriate modelling tools including spreadsheets. The subject covers both modelling, and ﬁnancial theory, and includes computer modelling methodology, activity based costing, shareholder value analysis, risk measurement, spreadsheet modelling, capital budgeting, project management, optimal capital budgets, shortterm planning and ﬁnancing, accounts receivable and inventory, and statement analysis.
MBA 6004: MANAGEMENT AND FINANCIAL ACCOUNTING
Financial accounting is an essential function that ensures the provision of relevant and reliable information to stakeholders. Unit aims to develop the skills, terminology and knowledge of students in the context of more sophisticated accounting issues. Management accounting is a powerful tool that helps inform decisions.
MBA WITH INFORMATION SYSTEMS SPECIALISATION
MBA 6101/MITS 4001: BUSINESS INFORMATION SYSTEMS
This unit provides the necessary foundation in Business-IT alignment, an understanding of which is essential for successful implementation of business transformation. Students will be prepared to evaluate the strategic and operational roles of information systems in organisations.
MBA 6102/MITS 5001: IT PROJECT MANAGEMENT
This unit covers essential IT project management (PM) techniques for managing medium to large scale IT projects such as an enterprise software solutions project, IT infrastructure implementation project, IT outsourcing projects etc. The unit covers process groups such as initiation, planning, execution, monitoring, control and closure.
MBA 6103/MITS 5508: AGILE METHODOLOGY
This unit introduces the concepts required for the construction of software solutions using agile methodologies. It discusses the nature, categories and the different software life cycle models used in agile software engineering. The unit elaborates various agile aspects in phases such as requirements engineering, management, design, modelling development, testing and continuous delivery.
MBA 6104/MITS 5507: BUSINESS PROCESS MODELLING AND MANAGEMENT
The unit provides comprehensive coverage related to analysing and modelling of business processes. The unit introduces frameworks 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, illustrate topics such as identiﬁcation of information-bearing events and to understand how to assess and improve process efﬁciency.
MBA WITH MANAGEMENT SPECIALISATION
MBA 6201: QUALITY MANAGEMENT
Managing, controlling and improving quality is a vital activity in contemporary business organisations. This unit aims to expose students to the range of techniques required for the control and improvement of quality. We place particular emphasis on appropriate management structures and statistical/ analytical tools.
MBA 6202: MANAGING CORPORATIONS SUSTAINABLY
This unit is underpinned by the concept of the triple bottom line: economic, social and environmental costs and beneﬁts. 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. Completion of this unit will enhance understanding that managing sustainability is managing for the long-term.
MBA 6203: PROJECT MANAGEMENT
This unit aims to introduce students to the concepts of project management. At the end of this unit students will have developed knowledge to apply a range of project management tools and techniques. This unit is structured around the Project Management Institute’s (PMI) ‘The Project Management Body of Knowledge’, which is the sum of knowledge within the profession of project management.
MBA 6204: MANAGING THE QUANTITATIVE SUPPORT OF DECISION MAKING
Quantitative Support of Decision Making, or Management Science, involves the use of mathematics and statistics to support decision-making in business. This unit provides students with an understanding of the key methods and techniques in this discipline area.
MBA WITH TOURISM AND HOSPITALITY SPECIALISATION
MBA 6301: EVENT MANAGEMENT
This unit is concerned with managing a special kind of project – the event. This involves initiation, planning, implementation, employment of control and monitoring systems, evaluation and legacy management. In discussing these steps those factors that act to condition how they are undertaken are addressed, including considerations linked to ethical and socially responsible business practice.
MBA 6302: INTEGRATED MARKETING COMMUNICATIONS
The Marketing Communications Mix is the speciﬁc mix of advertising, personal selling, sales promotion, and public relations a company uses to pursue its advertising and marketing objectives. The marketing communications environment is changing rapidly as a consequence of rapid technology advances. Mass markets have fragmented, causing marketers to shift away from mass marketing, resulting in increased media fragmentation.
MBA 6303: TOURISM MANAGEMENT OPERATIONS
Tourism is one of the world’s largest industries and is growing rapidly. In this unit, students will learn the concepts underpinning sustainable development and sustainable tourism and the ability to apply the concept of sustainable tourism in modern economies in conjunction with relevant professional staff.
MBA 6304: HOSPITALITY MANAGEMENT
Hospitality refers to organisations that offer shelter, food and potentially other services to people away from their homes such as clubs, casinos and attractions. Whilst diverse, these organisations share a number of management problems.
BUSINESS PROJECT ELECTIVE (MBA STUDENTS ONLY)
MBA 6400: BUSINESS PROJECT
This is a practical based elective business project double-credit unit. The business project may originate from large corporations, non-proﬁt and government agencies, small businesses or entrepreneurs in an area related to studies completed to date. The students will select the area of a project based on a disciplinary area that they are familiar with. Students will work closely with an academic staff member and a company staff member.
Professor Albert Haddad
B.Sc. (Melbourne), M.Ed. (Monash), D.Ed. (Melbourne)
Professor Albert P Haddad is the Associate Dean Higher Education Development, Quality and Projects at the Victorian Institute of Technology. Previously he had many roles in Higher Education Administration and teaching, owned and operated a Leadership and Change Management consultancy for 14 years. Albert was also a senior research scientist for 18 years and a human resource development consultant for several years.
Professor Haddad is an experienced with proven results in achieving organisational goals and objectives. He has extensive experience in Higher Education Executive Academic roles including compliance and course accreditation, governance oversight. Albert consulted with many organisations including local governments, banks, and various industrial companies to assist in building organizational teams, developing relationships and culture leading to greater achievement of organizational objectives and leadership development.
Professor Haddad chairs several committees in academic areas, and previously chaired a board for a charity organisation, and is active in governance circles. He is a strategic leader facilitating change in may teams and organisations. He is an author of two leadership books and more than 50 international articles and conference presentations, both in scientific research and leadership and change disciplines.
Dr. Menuka Jayaratne
MBA (Victoria), PhD (La Trobe)
Dr. Jayaratne teaches at both the Victorian Institute of Technology and La Trobe University. Prior to her academic career, she worked at Nielsen as a researcher. Her teaching expertise is in Marketing, Management, and Sustainability.
She has an MBA from Victoria University and a Ph.D. in Sustainability and Consumer Behaviour from La Trobe University. Her research interests are sustainability living and the role of emotions in sustainability and consumer behaviour.
Adj. Associate Professor Ryan Bessemer
GCBA (Deakin), PLDA (Harvard), MAICD, AACS
Adjunct Associate Professor Bessemer has extensive industry experience in both technology and financial services sectors. He has been the Chief Information Officer for three publicly listed companies, the COO of Equity Trustees and is currently the CEO of Trustees Executors Ltd. In addition to these positions, he is also a Founder and Chairman of Flint Wealth, a #FinTech start-up Online Investment Supermarket.
Ryan has over 30 years’ experience in delivering large technology projects to enterprise organisations. He has a proven track record in growing businesses through organic transformation initiatives and corporate transactions.
In 2018 he completed the Program for Leadership Development (PLDA) at Harvard Business School (Harvard’s Executive MBA alternate program), where he was selected to achieve lifetime Alumni status.
Is the Master of Business Administration (MBA) Course accredited and is the qualification recognised by the Australian Government?
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.
TEQSA’s National Register shows the course is pending renewal. Is the course currently accredited?
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.
What is the difference between full time and part time study?
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.
How long will the MBA take me?
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.
Can I enrol in the MBA without an undergraduate degree?
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.
Why is your MBA 16 units whereas some others are 11 or 12 units?
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.
How does your MBA compare with somewhere else?
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.
Is there financial aid available?
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].
Am I likely to receive credit for Recognised Prior Learning?
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.
If I receive credit for Recognised Prior Learning, can I exempt out of some of the core units?
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.
What is the Start Your MBA for free option?
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.
Am I a domestic student?
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.
What elective units can I choose?
Not all units are offered at any time. You may choose elective units from those scheduled in the timetable in a particular study period.
THE MBA EXPERIENCE AT VIT
THE MBA EXPERIENCE AT VIT