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The Master of Business Administration (MBA) is a postgraduate course designed for those with undergraduate qualifications who are seeking to further their career in business. It is also for those who do not have a degree, but are already established in business careers and wish to gain formal qualifications.
Current and aspiring managers will develop the professional expertise to allow them to become outstanding leaders of business organisations worldwide. The program covers the principles of business, which makes it suitable for participants holding degrees in areas other than business.
The Master of Business Administration (MBA) offered by MIBA is a program that takes participants beyond the foundations of business management. It prepares business professionals to successfully manage their careers while leading and managing enterprises in a complex and competitive global business environment. MIBA programs offer flexibility, convenience and choice, and they develop strategic leaders with the skills, initiative and vision to succeed in the world of international business.
The MBA program focuses on contemporary business environments and the application of modern organisational and management processes. The study of current business management theories and their application both locally and globally is enhanced by exposure to the real-world experiences of other students and MIBA faculty.
The program provides a structured, progressive, modular approach to study. Alternative entry and exit points to the overall MBA program and flexible time frames allow you to tailor your courses to suit your ultimate goal. As a participant you are given the opportunity to concentrate in a particular area of business management, leading to specialised skills and enhanced success in the job market.
This postgraduate business program offers nested qualifications so that participants can exit the course:
- after the first 4 core units with a Graduate Certificate in Business
- after the first 8 core units with a Graduate Diploma in Business Administration
- after completing the 12 units and graduate with a Master of Business Administration (MBA)
These nested qualifications give you the flexibility to take a break from studies and come back to complete the degree at your convenience.
Possible employment opportunities for graduates of the program could include the following:
- Graduate Certificate in Business:
- General Managers
- Management Consultants
- Marketing Executives
- Human Resource Coordinators
- Pay Role Administrators
- Public Relations Practitioners
- Accounts Receivable Staff
- Graduate Diploma in Business (as well as the above roles):
- Marketing Managers
- Human Resource Managers
- Operations Managers
- Accounts Managers
- Master of Business Administration (as well as the above roles):
- HR Directors
- Marketing Directors
- Directors of Operation
- Finance Directors
- Chief Executive Officers
Program Objectives:
- To provide students with the skills to move beyond the foundations of basic business management
- To develop skills to manage organisations in a complex and competitive global business environment
- To provide well developed understanding of the functional interrelationships between different parts of an organisation
- To develop an ability to apply strategic thinking and analytical skills to evaluate and solve business problems
- To develop the capacity to critically analyse and interpret information from a variety of perspectives and to make well developed recommendations and decisions
- To prepare students for leadership roles with an emphasis on socially responsible attitudes and practices
- To enable students to demonstrate creativity and flexibility when applying knowledge and skills to new situations and solving complex problems
- To develop the ability to think rigorously and independently
Entry Requirements
Course Outline |
| Type |
Code |
Unit |
| Trimester 1 |
| Core |
MGM530 |
Managerial Accounting |
| Core |
MGM518 |
Strategic Management |
| Core |
MGM511 |
Managerial Marketing |
| Core |
MGM513 |
Managerial Finance |
| Trimester 2 |
| Core |
MGM532 |
Managerial Economics |
| Core |
ITC511 |
Introduction to Information Systems |
| Core |
MGM517 |
Managing Organisational Change |
| Core |
MGM522 |
Operations and Process Management |
| Trimester 3 |
| Choose four elective units from the following: |
| Elective |
MIB511 |
International Marketing |
| Elective |
MIB510 |
International Management |
| Elective |
MGM520 |
Customers and Customer Relations |
| Elective |
MGM514 |
Business Research and Data Interpretation |
| Elective |
MIB516 |
International Institutions and Political Environments |
| Elective |
MGM519 |
Business Project |
| Elective |
BUS510 |
Project Management |
|
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| Subject Outlines |
| Trimester 1 |
MGM530: Managerial Accounting
This unit explains accounting techniques and terminology, giving participants sufficient conceptual and practical skills to help the manager understand complex financial strategies. The unit assumes limited prior knowledge of accounting and financial management and introduces the double entry bookkeeping system, trial balance, adjusting entries, the worksheet and the preparation of financial reports. Participants are also introduced to the basics of cash flow and financial statement analysis, focusing on the managerial and practical aspects of the accounting process.
This unit is divided into three modules: Introduction; Accounting Statements and Accounting Concepts. Sessions covered are set out in the attached schedule. |
MGM518: Strategic Management
Strategic Management provides a structured approach to strategy formulation and implementation problems. The unit examines many of the most useful and proven theoretical structures, indicates their limitations and then applies them to real management problems. The unit will study the alignment of strategy within the organisation and the alignment of strategy with organisational systems and people in order to assist managerial decision-making in crafting and executing strategy in a turbulent and complex socio-cultural, technological, economic and political environment.
Several diagnostic models are used to evaluate a firm’s relative strengths and weaknesses, the threats and opportunities in its external environment, and the key issues that influence how the firm should compete. In addition this analysis can identify possible inefficiencies and make prescriptions for change. Implementation of the recommended changes will also be discussed with some emphasis on implementation of customer satisfaction measurement.
The unit is divided into 3 modules: Strategic Management Techniques; Beyond Strategic Choice, and Implementing Strategy. |
MGM511: Managerial Marketing
This unit presents a systematic and strategic approach to marketing management, starting with the needs and wants of customers, to effective management of goods, services, and markets. The main elements of the marketing mix are introduced and related to marketing management. Current ethical issues facing marketers are discussed, and students are encouraged to apply the course contents to their own customers, goods, services, and markets utilising more effective marketing management.
The unit is divided into four modules: Understanding Marketing Management; Analysing Marketing Opportunities; Developing Marketing Strategies; Managing and Implementing Marketing Programs. |
MGM513: Managerial Finance
This unit provides students with an understanding of the financial management of organisations and how funds are raised and allocated within organisations. Special focus is given to understanding a firm’s primary financial functions; investment, financing, and strategic and risk management. The unit emphasises to students the underlying theme that a business must add value by introducing three basic ideas in finance: the time value of money, diversification and arbitrage. Management decisions regarding capital structure and the cost of capital, investment choices, short-term asset and liability management, and dividend policy are examined.
The unit is divided into three modules: Introduction, Investment Decisions and Financing Decisions. |
| Trimester 2 |
MGM532: Managerial Economics
This unit introduces microeconomics and macroeconomics to students who have done little or no economics. The behaviour of firms operating in their diverse markets is examined, using the concepts of demand, supply and market equilibrium. Critical tools such as elasticity, opportunity cost and game theory are developed and used to understand firm and household behaviour. The topics in macroeconomic analysis introduce students to issues such as measuring economic production, understanding economic growth, and the role of government in managing the economy through the use of fiscal and monetary policy. The impact of general economic and financial environments on the business environment is highlighted. |
ITC511: Introduction to Information Systems
Access to accurate online real-time information is the key to sustaining a competitive advantage in a modern business environment. Information about your business, your competitors and the ability to use this information to make strategic business decisions is achieved via the use information systems.
This unit provides an in-depth study of the area of IS and lays a foundation of knowledge and skills to enable the student to critically identify, analyse and provide recommendations for the use of IS in organisations. Students will be provided with an understanding of the different types of business IS and how they support end user productivity, business operations, decision making and competitive advantage. |
MGM517: Managing Organisational Change
Given the dynamic environment both domestically and globally in which an organisation sits, it is vital that managers understand the processes and can lead change effectively. This unit provides both the basic theoretical and conceptual frameworks for change processes and links it to practice through the examination of real-world case studies from around the world.
The unit is divided into five modules: Introduction to Organisational Change; Diagnosing Change; Implementing Change; The Leaders Role & Change; and Case Studies.
|
MGM522: Operations and Process Management
Operations and Process Management is a unit that will explore the issues involved in the practical operation of business processes. The operations module of the unit will discuss value chains, logistic and allocation decisions and techniques and approaches that result in more efficient outcomes for the organisation.
The process management module develops tools for understanding business processes and means of measuring and analysing outcomes of those processes. Components such as TQM and process re-engineering are discussed. Participants are encouraged to apply process measurement techniques to evaluate their own business processes and if possible implement process improvements.
The unit is divided into three modules: Introduction; Designing Production Systems and Scheduling; and Operating and Controlling the Production Systems |
| Trimester 3 |
Choose four elective units from the following: |
MIB511: International Marketing
This unit examines the complex issues that are critical to the success of an international business as it pertains to the marketing function. Special attention will be focused on examining and evaluating global marketing opportunities and developing marketing strategies to capitalise on these opportunities.
The unit evaluates cultural differences and aims to enhance student skills in developing and implementing marketing strategies and decision making in international contexts. An emphasis will be placed on the need to adapt marketing principles, product development, pricing structures, foreign distribution, promotional activities and governmental programs to foreign markets, and still remain competitive in their home market.
This unit is divided into four modules: Fundamentals; Foreign Entry; Local Marketing; and Global Management. |
MIB510: International Management
This unit examines cross-cultural and international management issues, and analyses the problems of managing in an international marketplace. It focuses on cultural and regional diversity and differences, political and economic influences, global market factors, and other contingencies with which managers of multinational enterprises must contend.
Among the major facets of the international management environment (legal, political, economic, cultural), the cultural aspect is presented as, in many ways, the most challenging dimension. The central debates surrounding the culture construct are presented.
The unit is divided into three modules: Introduction to International Management; The Role of Culture; and Management in the International Business Environment. |
MGM520: Customer Relationship Management
This unit examines Customer Relationship Management (CRM) as a key strategic process for organisations. Composed of people, technology, and processes, effective CRM optimises the selection or identification, acquisition, growth and retention of desired customers to maximise profit.
This unit is divided into five modules: CRM: Theory & Development; CRM: Technology; CRM: Impact on Marketing Strategy; CRM: Evaluation; and CRM: Privacy & Ethics. |
MGM514: Business Research and Data Interpretation
This unit is designed to equip managers with the research methodology skills to make effective use of data in the business workplace. Standard statistical and graphical techniques are used to analyse data that are relevant to the business environment using examples applicable in management, marketing, finance and economics. The unit introduces sampling and inference techniques applicable to means and proportions and develops understanding of regression modeling and forecasting. Students are introduced to the tools needed to collect, analyse and interpret data and will develop the skills needed to communicate this data for a management audience. The unit is divided into four modules: Introduction to Business Research Methods; Probability; Prediction and Forecasting; and Data Analysis Using MS-Excel. |
MIB516: International Institutions & Political Environments
The unit is designed to expose participants to the institutions and structures that are integral to international trade, finance and law. At a global or macro level, the unit examines the roles of international institutions such as the International Monetary Fund, World Bank, World Trade Organisation, etc in international trade. These institutions are analysed in terms of their structure, purpose and power. There will be discussion of whose interests they serve, and to what degree they attenuate or enhance the power of sovereign states.
From a micro perspective the unit examines the institutions that can be utilised to facilitate international trade including governmental, political, economic, legal, regulatory, media and cultural. There is discussion through case studies of appropriate utilisation of institutions to overcome challenges and barriers to trade or to fully exploit opportunities arising from international trade. |
MGM519: Business Project
Drawing upon multi-disciplinary knowledge gained throughout the MBA program, real-world business projects provide the unique opportunity for students to demonstrate relevant business judgment and analytical models in the context of current and emerging opportunities.
Students will use their business knowledge and leadership skills for the strategic benefit of their current organisation or choose to take an entrepreneurial focus by launching a new business venture. Through the business project, students have the unique opportunity to apply core business competencies to create and present comprehensive business plans.
Although each project is unique, each participant will develop a detailed statement of work, define goals and objectives, conduct primary and secondary research as needed, perform quantitative and/or qualitative analysis, develop and test solutions, formulate options and recommendations, and produce professional written deliverables.
This unit is divided into three modules: Business Plan, Business Planning & Control, and Business Plan’s Governance & Risk Mitigation. |
BUS510: Project Management
Business development projects require resources to be deployed efficiently and effectively in order to meet desired outcomes. This unit builds upon previously gained understanding of the roles, responsibilities, and practices of management in general and focuses that knowledge into the project situation. Students should gain an appreciation of the nature and operation of projects, the difficulties in producing 'successful' projects, and the tools and techniques of project management. Further they should appreciate how their own behaviour and attitudes contributes to projects outcomes as a basis for improving their own project-oriented practice. Emphasis is placed on project management from a managerial viewpoint and includes the use of software packages to develop and monitor projects.
|
| Entry Requirements |
- A recognised Bachelor's degree or a combination of academic qualifications and appropriate work experience. In general, students without a Bachelor's Degree will need:
- AQF equivalent Advanced Diploma plus four years work experience, or
- AQF Diploma plus eight years work experience, or
- AQF Higher School Certificate plus 10 years work experience, or
- AQF School Certificate plus 12 years work experience.
- Students are required to have fluency in English in order to complete their studies. This fluency can be demonstrated through proof of significant prior education (secondary or tertiary of at least 4 years duration) studied in English, or English language reading and writing skills to the minimum standard of International English Language Testing System (IELTS) 6.5.
- Applicants are expected to meet the requirements for information technology access that will allow them to participate in and complete the courses in which they wish to enrol.
Special Admissions
Special admission candidates are required to submit documentation including employer references, detailed position descriptions, records of achievements and any other relevant statements to support work experience (of a managerial level for MBA) in a medium to large sized firm. These applications are assessed by the Academic Programs Director in consultation with the Heads of Department. Should it be determined that more information about the student’s aptitude is required, students are asked to write an essay answering the following questions:
- Why do you think a graduate business degree is right for you?
- What do you have or do you want to have in common with business professionals?
- What future careers fit your personal strengths, interests, abilities, and values?
This essay is considered by the Heads of Department and Academic Programs Director in conference, and the application as a whole is assessed as successful or not.
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