What is a MBA?
The Master of Business Administration (MBA) is one of the most widely recognised qualifications in the world. Designed to develop the skills required for leadership roles in business management, MBAs are suited to countless career ambitions.
If you’re thinking of enrolling in Griffith University’s accelerated online MBA, understanding the significance of this qualification and what it could mean for your career is crucial.
The MBA heritage
The prestige of the MBA can be traced back to where it was founded – Harvard University. As America became increasingly industrialised in the early 20th century, organisations began to rely on more strategic approaches to management. To meet demand, the Harvard Graduate School of Business Administration offered the first MBA program in 1908.
Whereas Americans had learned on the job prior to this, it gradually became more common to develop the skills needed for careers in business management through a university education.
Throughout its history, the MBA has always broadly focused on the following core skills:
These skills are still relevant today alongside digital and sustainability-focused content to create the business leaders of our future.
The modern MBA
Now offered at universities all over the world, the MBA has evolved since its inception in 1908. It’s now delivered via more diverse study pathways, with online and part-time programs catering to busy working professionals and business owners. Online study has become especially popular among professionals seeking formal recognition of their experience without taking time away from work. It’s also a great option for entrepreneurs who want to upskill without compromising their business.
There are also more versions of MBA courses to choose from – if you don’t meet the entry requirements for the MBA, Griffith University offers an alternate entry pathway in the Graduate Certificate in Business Administration.
Ideal for managers with relevant experience who don’t hold an undergraduate degree, the Graduate Certificate includes the first four foundation courses of the MBA.
MBA career outcomes
Many MBA prospects are already well on their way to career success before enrolling in the program. But if you’ve reached a plateau in terms of your career progression, studying an MBA could be the key to unlocking the next chapter of your career.
The MBA isn’t only for aspiring executives at big companies. For start-up business owners, an MBA will bridge the gap between practical experience and theoretical knowledge. Studying business when you’ve already built a successful company from the ground up may sound redundant, but the MBA won’t just make you a more innovative leader – it’s also an excellent opportunity to build your network and meet with likeminded entrepreneurs.
Entry requirements for the MBA are designed to reflect the experience and ambitions of graduates. Those hoping to be accepted into the accelerated online MBA will need to meet the following conditions:
- A Bachelor degree in any discipline with a minimum GPA of 4.5
- Three years of full-time work experience after graduating from your undergraduate degree, plus two years of relevant work experience, and one year in a role requiring leadership skills
If you don’t have an undergraduate degree, you may be eligible for the Graduate Certificate entry pathway. You’ll need:
- At least six years full-time work experience, including four years of relevant work experience and two years in a role requiring leadership skills (leadership can include direct management or supervisory experience; no undergraduate degree is required)
Both programs develop skills applicable for leadership positions in private, public and government organisations.
If you’re considering enrolling in an MBA, Griffith University can help you choose the right pathway based on your skills and experience and offer you tailored advice and application guidance. Book in a call with one of Enrolment Advisors today.