Life Impact The University of Adelaide
Welcome from the Head of School
The University of Adelaide Business School
The Adelaide MBA Program
How does the Adelaide MBA work?
Frequently Asked Questions
Structure of Programs
MBA Core Courses
MBA (Advanced) Additional Core Courses
Fees & Financial Assistance
WELCOME FROM THE HEAD OF SCHOOL Welcome to the University of Adelaide Business School - a new era in business education. Delivering world-class, relevant programs in the undergraduate, postgraduate, and post-experience arenas, the University of Adelaide Business School is the premier provider of tertiary business programs in South Australia. The School brings together a powerful team of over 70 talented academics with a wealth of experience in teaching, researching, consulting and business practice. Staff are at the forefront of global business research and have truly international perspectives. The Business School is currently pursuing accreditation through the Association for the Advancement of Collegiate Schools of Business (AACSB). This is the ultimate level of endorsement sought by business education providers and offers substantial benefits to students who undertake an MBA program at the University of Adelaide. This brochure sets out the details of the MBA suite of high quality programs, including the â€œnestedâ€? Graduate Certificate in Management and Graduate Diploma of Business Administration. Our emphasis is on helping you to develop problem-solving and communication skills, leadership and team building skills, critical and analytical abilities which enable you to better understand and deal with the complex issues of management in a changing business environment. In selecting students we look for people with the potential to not only benefit from but also contribute to the educational experience. While practical in orientation, the learning experience will provide you with a solid theoretical grounding in management. You will have opportunities to apply what you learn through workplace-based projects. I invite you to review our programs and contact us to discuss your plans.
Associate Professor Barry Burgan Head, Business School.
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THE UNIVERSITY OF ADELAIDE BUSINESS SCHOOL The University of Adelaide Established in 1874, The University of Adelaide is one of Australia’s finest universities and it has a strong international reputation. It enjoys status as a first rate, forward-looking and innovative university. It is directly associated with five Nobel Prize winners and has produced more than 100 Rhodes Scholars. The University regularly attracts more research funding per capita than any other university in Australia. The University of Adelaide is a member of prestigious Australian ‘Group of Eight’ elite Universities. In line with its reputation for innovation, in 1963 The University of Adelaide established the first MBA program in South Australia and one of the first in Australia.
The University of Adelaide Business School Cutting-edge research combines with real-world industry experience to deliver programs that are stimulating, relevant, and provide students with skills that are transportable to any profession. The pursuit of AACSB accreditation has raised the School’s profile in the global arena and has created opportunities for links with the world’s top universities. In addition, close affiliations with crucial professional bodies ensures that all programs offered by the University of Adelaide Business School impart relevant, quality skills that are sought-after in today’s economy.
Please visit: www.business.adelaide.adelaide.edu.au for biographies, qualifications proffesional memberships, active research and publication of the University of Adelaide business school’s team of more than 70 academic staff.
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THE ADELAIDE MBA PROGRAM Why should you do an MBA at Adelaide? The MBA provides a broadly based education for students as managers, rather than just the acquisition of an off-the-shelf set of skills. The aim is to develop problem solving and communication skills, leadership and team building skills, and analytical and critical abilities that will enable you to understand better and deal with the complex issues of management in a rapidly changing business environment. The MBA program emphasises the development of abilities to: • Master leadership skills. • Understand the functional interrelationships between different areas of an organisation and the broader interaction of the organisation with its environment • Recognise and act effectively on problems and opportunities confronting an organisation • Coordinate and apply an organisation’s financial, physical, technological and human resources in pursuit of important objectives • Understand and communicate effectively with people inside and outside an organisation • Evaluate current management policies and practices to develop new ways to improve organisational effectiveness. Students in the program come from a wide variety of disciplines, professional backgrounds and cultures, many with high standing from undergraduate areas. The School seeks to provide them with a solid grounding in academic disciplines relevant to management. Students will acquire the conceptual and analytical abilities they need to make and carry out decisions at a senior managerial level. While the 12 course MBA program suits the needs of many, some students seek a deeper level of knowledge. The MBA (Advanced) program provides opportunities for these students, including: • Those seeking a wider range of knowledge, which is needed for the highest levels of organisational leadership. • Those seeking to specialise in one particular area, by undertaking four electives. • Those seeking to undertake further study as part of a life long learning process, and wishing to gain accreditation for this. • It is possible for students enrolled in the 12 course MBA to progress into the 16 course MBA (Advanced), as both programs have a common core.
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HOW DOES THE ADELAIDE MBA WORK? Flexibility The diagram below provides an explanation of the four programs and the articulation between them. There are four entry and four exit points. Study completed in one program can be counted towards the next level program. For example, you may enrol in the Graduate Certificate in Management and proceed through to the Graduate Diploma, MBA or MBA (Adv) with credit for courses completed. Conversely, provided you meet the entry requirements, you may choose to enrol in the highest qualification, the MBA (Adv) and then exit with a lesser qualification such as the Graduate Diploma of Business Administration.
Each course (subject) is delivered over a twelve week trimester. There are 3 trimesters in a year. This allows you to condense your studies into a shorter period of time. For example, undertaking the MBA in a full-time mode would require only one year to complete.
A part-time study load is typically one or two courses each trimester and a full-time load is three or four courses each trimester. It is recommended that parttime students enrol in one course in their first trimester of study in order to determine the workload.
To view the current timetable, visit: www.business.adelaide.edu.au
The total contact time for most courses is 36 hours (3 hours per week), excluding the open book examination. In addition, students will be required to spend extra time on private study and group work. It is estimated that most students will spend 8 hours per week per course in reading, assignments, preparation and/or group work.
Study modes and time commitment All programs can be studied part-time or fulltime. Program structures are fl exible and allow students to choose a study pattern that suits the competing demands of work, family and other commitments.
You decide how many courses you enrol in each trimester and, provided you complete your selected program within the maximum completion time, you may suspend your studies for a trimester to cope with work or other commitments.
MAXIMUM COMPLETION TIMES Graduate Certificate in Management
Graduate Diploma of Business Management
Master of Business Administration
Master of Business Administration (Advanced)
NUMBER OF COURSES 4 8 12 16
GRADUATE CERTIFICATE IN MANAGEMENT GRADUATE DIPLOMA IN BUSINESS ADMINISTRATION MASTER OF BUSINESS ADMINISTRATION MASTER OF BUSINESS ADMINISTRATION (ADVANCED)
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+4 +4 +4
Small Class Sizes
After Hours Teaching
Classes have a maximum number of 35 students and the average is 25 students. This allows individuals time to contribute in class, without being overwhelmed by large numbers.
Classes are scheduled to accommodate fulltime working professionals. They are generally held on weeknights from 4.30-7.30 pm. Some courses are delivered on alternate Saturdays, in a six-hour teaching block typically from 8.30-2.30 pm.
Balanced Number of International and Local Students Adelaide classes include approximately 15% of students from overseas. This provides valuable diversity in the classroom and group work situations.
Experience of Peers
MBA students at the School are middle to senior level managers and professionals from a diverse range of commercial and government organisations, both local and international. The varied experiences of these participants produces a rich learning environment, which fosters unique long-lasting business and social networks.
The School operates an MBA Summer School over a two week period each January (usually the second and third week) so that students have the option to speed up the progress of their studies. Classes are held in intensive mode, with six hours of study on alternate days. Students will need to take leave from work.
Overseas Study Opportunities
The School maintains the view that an MBA should be taught face-to-face in order to facilitate beneficial interaction between students and academic staff. It also fosters valuable networking opportunities.
Student Learning Advisers All students have access to the Learning Advisers in the Faculty. This includes access to bridging programs, student counselling, advice regarding research, analysis and assignment writing, a Program Handbook, and a student Communication Skills Guide. For more information, visit: www.business.adelaide.edu.au
Some courses are offered in intensive mode over three to six weeks with classes generally held over a Friday and Saturday.
Students who have completed half of their MBA studies may apply to study abroad, on a formal exchange agreement. Please refer to: www.business.adelaide.edu.au for information about the University of Adelaide Business School’s links with overseas management schools.
Real World Application Business Project This is a formally assessed course in which students undertake either an individual or group-based project for a real organisation. This demonstrates the direct value of skills acquired through the MBA to a business and gives students a unique opportunity to add direct value to an organisation.
Management Project This project provides an opportunity for an individual student or a team of students to complete an applied research project based on a real business problem or issue. Students may choose either a case study project which analyses a real-world management problem or a project which undertakes the investigation of a particular problem or issue and makes relevant recommendations. A program of activities will be completed and lead to a case or project report.
Elective Specialisation Students have the opportunity to specialise by undertaking some of their electives in a certain discipline area. Options include: people management, strategy, marketing, international business, technology/project management and entrepreneurship.
Alumni Support The MBA Alumni Association (MBAAA) is an important part of the life and community of the School, as it forms an integral part of the School’s business relationships. MBA students may apply to become members of the MBAAA (free of charge) from the time they enrol, enabling them to immediately benefit from graduate experience and connections. The MBAAA conducts regular events, including monthly breakfasts and forums featuring graduates. The network is diverse, including students and graduates who work and live locally, interstate and overseas. The MBAAA offers an annual prize for the best student in the foundation course ‘Fundamentals of Leadership’. For events and the current list of the MBAAA Executive Committee, visit: www.business.adelaide.edu.au
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FREQUENTLY ASKED QUESTIONS How relevant is MBA classroom and private study to real life?
What is the fee structure and what is included in the fees?
You will learn tools and techniques with immediate application. You will also take away practical frameworks and ideas that you can use in your workplace. Learning involves the application of academic theory. Case studies, readings and exercises bring the theory to life. Your learning is also shaped by the input of experienced professionals and managers who make up the student body.
Please refer to page 10 for current local and international tuition fees.
The Adelaide MBA draws high calibre students: middle and senior managers from a wide range of industries, and professionals with a wealth of work experience. The average age is 28-35, and many students have more than 10 years management experience.
Australian citizens and holders of a permanent humanitarian visa may be eligible for a FEE-HELP government loan. For information about this, please refer to www.goingtouni.gov.au
When are the intakes and how long are the study periods? Courses are offered in trimesters, commencing late January, mid May, and early September. Each trimester is approximately 13 weeks long, including the exam week. Two-week breaks separate first and second trimesters and third trimester concludes in early December. In January, students who have already completed required core courses may enrol in the intensive Summer School. Held in Adelaide, Summer School also attracts students enrolled in the Schoolâ€™s Singapore MBA Program.
How much time do I have to spend studying for each course? You should set aside around 8 hours per week, per course for private study outside of the typical 3 hour classes, to complete readings and group work.
Fees must be paid up-front each trimester, for the courses enrolled in for that trimester. In addition to tuition fees, you should budget around $100 per course for textbooks. All other course materials and readings are provided by the School.
Can I apply without a degree? The Graduate Certificate in Management is the entry pathway for applicants without a degree. applicants must demonstrate a minimum of seven years relevant work experience. For those not yet ready to enter an award program, Executive Education offers a Professional Management Program. This is a 12-month part-time, practical and applied management program that gives advanced standing (credit) for two courses in the Graduate Certificate in Management, Graduate Diploma of Business Administration or MBA. For further information, please visit: www.adelaide.edu.au/professions/execed/
Can I get credit for studies I have undertaken elsewhere? We treat applications for advanced standing and substitution on an individual case basis to ensure that the level of studies you have undertaken is comparable to the quality of courses offered at the University of Adelaide. Students are invited to submit their applications for advanced standing or substitution with as much supporting documentation as possible to the MBA course adviser.
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STRUCTURE OF PROGRAMS
Program Details and Articulation The School’s programs form a nested sequence. The details of each program are outlined below.
MASTER OF BUSINESS ADMINISTRATION (ADVANCED)
MASTER OF BUSINESS ADMINISTRATION
GRADUATE DIPLOMA OF BUSINESS ADMINISTRATION
GRADUATE CERTIFICATE IN MANAGEMENT
Graduate Certificate in Management
CORE COURSES Fundamentals of Leadership (1st course)
• • • •
Accounting for Managers
• • • •
• • • •
Economics for Management
• • •
• • •
Managing Contemporary Organisations
• • •
Business or Management Project
ELECTIVES Depending on the program enrolled in, the following number of elective courses
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2 4 5
For managers who wish to take an introductory management program we offer the 4 course Graduate Certificate in Management (GCM). Applicants who do not have a bachelor degree but who have a minimum of seven years relevant work experience, including a number of years in a management or leadership role, must enrol in this program first. After successfully completing the GCM, they may apply to transfer into the Graduate Diploma of Business Administration, and then into the MBA or MBA (Adv) program. The four GCM courses will be credited towards the higher level program.
Graduate Diploma of Business Administration An 8 course Graduate Diploma of Business Administration (GDBA) is also available. The GDBA consists of 6 required core courses and 2 electives. Students who are considering enrolling in the MBA or MBA (Advanced) in the future are encouraged to choose two MBA required core courses in place of the two electives in the GDBA program.
Master of Business Administration The MBA program is designed for managers who wish to advance their career, gain valuable skills and insights and expand their business networks. It is the most popular of the programs, striking a balance between depth of skills and knowledge covered and overall time commitment. Students in this program must successfully complete 8 required core courses and 4 elective courses.
Master of Business Administration (Advanced) The MBA (Advanced) program is designed to cater for several different niches. Students seeking the highest levels of organisational leadership will understand the need to go beyond the standard 12 course MBA degree to broaden their managerial knowledge. Students wishing to specialise in particular areas of general management can add to their MBA.
MBA CORE COURSES
FUNDAMENTALS OF LEADERSHIP
Fundamentals of Leadership is the first course for all programs. Upon completion, students will possess an understanding of the development of management thought and practice, providing a background against which new trends in management can be viewed. They will be able to identify and discuss the major challenges facing management in today’s environment and develop the understanding and communication skills required to effectively lead and manage a diverse workforce.
ACCOUNTING FOR MANAGERS
Participants in this course will develop the essential ability of all managers, to use complex accounting information as a platform for decision-making. The course develops skills in interpreting earnings statements, balance sheets and cash flow reports. In the second phase of the course students will take away highly relevant skills in areas such as budgeting, product and service costing and short-run decisionmaking.
to its customers. All those who have a direct responsibility for identifying, reaching and satisfying customers are engaged in marketing and everybody in a business needs to understand its marketplace activities. This course offers a complete introduction to professional marketing thought and action.
MANAGERIAL FINANCE ECONOMICS FOR MANAGEMENT
This course provides an introduction to economic thinking and its relevance and application to managing organisations. The first part of the course deals with the structure of markets, including perfect competition, monopoly and oligopoly, and the competitive regulatory environment. The second part deals with the determinants of the aggregate level of output and employment, and elements in the determination of macroeconomic policy including interest rates, inflation and foreign trade and capital fl ows. The focus of the course is on current issues and their implications for managers and competitive organisations. MANAGING CONTEMPORARY ORGANISATIONS
Marketing lies at the core of all business. Whatever the character or size of your entity, its profit can come from only one place: the marketplace. All businesses are dependent on the income they earn from their customers, clients or buyers. In most businesses it is Marketing Managers who are primarily responsible for keeping their company close
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The course begins by examining the nature of ‘organisation’ as an ‘open system’. Then the management challenge in relation to various facets of organisation is reviewed – learning, motivation, politics, performance, ethics, culture, innovation, decisionmaking, structure and change.
This course exposes students to some key influences and perspectives on the management of organisations. Its focus is primarily on human issues that affect and are dealt with by managers day-to-day. The course is an extension of “Fundamentals of Leadership” and provides the background and theoretical framework for more advanced studies in business management.
Initially this course will cover the concepts of valuation in finance and show how they can be applied to valuing corporate securities. Adopting a value creation perspective, the course will then consider capital expenditure decision approaches and their application to a range of situations, as well as evaluation of the results. Then, risk is considered, with a risk-return model developed that can be applied in managing for value creation. The course examines the concept of the weighted average cost of capital, before turning to consider corporate financing and capital structure decisions.
This course presents a unified way of thinking about the issues of strategic thinking and the management of change. Strategic thinking involves searching for a favourable and sustainable competitive position in an attractive industry; while the management of change, from a strategic perspective, is concerned with innovation and the transformation of resources and skills into strategic capabilities that provide the bases for
sustainable advantages. Strategic Management is important because it can help focus the firm in terms of the customer. It identifies a direction for the firm and enables a clear articulation of the path chosen.
Global business examines those business activities which involve trade or investment across national boundaries. These activities typically relate directly to the movement of exports or imports plus support activities such as transport, credit, marketing, payment, legal and insurance services. They may also include activities relating to the intangible assets of the firm, such as trademarks, patents, and the licensing of brand names or product and manufacturing technology. Dealing with these matters requires a working knowledge of the world’s international trade and monetary systems. The scope of the global business course is broad and it necessarily embraces a host of cross border issues related to environment in which every international business operates.
MBA (ADVANCED) ADDITIONAL CORE COURSES
In addition to completing the required MBA core courses, the following are the required courses for students undertaking the MBA (Advanced) program.
The School offers a range of electives each year. Students may choose all their electives from a particular discipline, or select electives from a range of disciplines. Elective offerings vary depending on enrolment, demand and visiting professors.
BUSINESS PROJECT OR MANAGEMENT PROJECT
Business Project This course draws on the work undertaken in the core MBA courses. Projects may be undertaken by an individual student or by a team of 3-5 students who take on the role of consultant(s) to an organisation and analyse a real business problem or issue and produce recommendations. Projects may be sourced by students or the School. Each project will be allocated an academic project supervisor. Much of the time for this course will be in practical fieldwork or desk research. The project will conclude with a presentation by the student or student group, to members of the client organisation and the Business School at which time a final written report will be given to the organisation.
Management Project This project provides an opportunity for an individual student or a team of students to complete an applied research project based on a business problem or issue. Students may choose either a case study project which analyses a real-world management problem or a project which undertakes the investigation of a particular problem or issue and makes relevant recommendations. A program of activities will be completed and lead to a case or project report.
Operations is the term used in management to refer collectively to the many processes through which an organisation’s strategies for competing in the marketplace are put into action. Obviously, in any organisation’s operations there are many kinds of processes that must be managed – inbound logistics, production, outbound logistics, and customer support in many forms, to name only a few. In this course, we will first develop an overview of the range of processes that can make up the operations of an organisation. We then focus on some key issues in managing certain fundamental processes that are critically important to the strategies of many organisations today.
This course will introduce managers to a range of legal issues that impact on their business and on their duties and responsibilities as managers. There is an increasing trend in the law to make managers personally liable for breaches of the law by their business. The course will help managers to identify areas of legal liability and risk and suggest how to minimise legal risk. The topics covered in the course include an introduction to the Australian legal system, the law of business structures, contract law, intellectual property law, employment law, law of business torts, consumer protection law, competition law and electronic commerce law.
Academic discipline areas include the following: People Management • Management of Change • Negotiation Skills • Knowledge Management Strategy • Corporate Strategy • Competitive Business Strategy • Winning Organisations Marketing • Advanced Marketing • Services Marketing International Business • Global Business • Cross-Cultural Management Technology/Project Management • Operations Management • Project Management • Strategic Performance Drivers • Business Performance Improvement • Statistical Quantitative Analytical Thinking Enterpreneurship • Entrepreneurship General Management/Composite • Business Law • Organisational Sustainability • Management Research Project • Business Project
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Scholarships There are very few University of Adelaide scholarships available each year, and competition is very keen. Unless an applicant has a very high level of academic achievement, it is very difficult to obtain one. There is no separate application process for scholarships, and all program applications are assessed at the same time for their eligibility for scholarship support.
ADMISSION REQUIREMENTS Graduate Certificate in Management Although it is not mandatory for students applying directly into this program to have a Bachelor degree, applicants without a degree must have a minimum of seven years full-time relevant work experience.
For more information, visit: www.adelaide.edu.au/scholarships
FEE-HELP The tuition for the School’s programs can be paid through the Australian Government’s FEE-HELP (Higher Education Loans Program). This is an interest-free loan facility for eligible Australian citizens and those who have a permanent Humanitarian Visa who are enrolled in fee paying, postgraduate non-research programs. It is not available to Australian Permanent Residents.
This experience must be substantiated with a current resume that outlines the applicant’s current and previous management roles and achievements.
Graduate Diploma of Business Administration, MBA and MBA (Advanced)
• Pay the full course fee up-front
The minimum requirement for entry into these programs is a Bachelor degree and two years full-time work experience in a managerial role. Those without a degree must enter through the Graduate Certificate in Management. Work experience must be substantiated with a current resume which outlines current and previous professional roles and achievements.
• Receive a FEE-HELP loan for the full course fee
Referee Report Forms
• Pay some of the course fee up-front and receive a FEE-HELP loan for the remainder of the course fee.
All applicants who do not possess a Bachelor degree must provide two supportive Referee Reports with their application. Your referees should be people who are able to relate specific and relevant details about your professional performance in an employment setting.
Students can elect to:
If a student receives a FEE-HELP loan, then the Australian Government pays the loan amount directly to the University on the student’s behalf. A FEE-HELP debt is then recorded for the student with the Australian Tax Office (ATO). Students in the FEE-HELP scheme must still pay for a relevant text book for each course. For more information, visit: www.goingtouni.gov.au
Referee Reports are required to confirm your suitability and ability to perform well in a rigorous academic program.
Graduate Management Admissions Test (GMAT) This test is optional. However, a GMAT score of 600 or over will strengthen your application, particularly if your undergraduate degree grade point average is below 65 percent.
English Language All programs at The University of Adelaide are taught in English. Students with a degree that was not completed in English are required to undertake an IELTS (International English Language Testing System) academic test. The minimum required overall band score is 6.5, with a minimum band score of 6.0 for all sections.
TUITION FEES 2010 PER INDIVIDUAL COURSE Local Students
For example, as a local student, you will pay A$2843.75 in 2010 for each enrolled course. Tuition fees are subject to increase. Students will be liable for the tuition fees current in each year. Students are invoiced for the courses they are enrolled in during the current trimester only. In addition to the tuition fee, students should budget for one text book per trimester. Taxation rebates apply to eligible students.
10 MBA PROGRAM 2010
DESIGN: THIS BIG DESIGN
Local Student Admissions Local students must apply online through GradStart on the SA Tertiary Admissions Centre (SATAC) website: www.satac.edu.au Find the options on the left-hand side and CLICK ON THE FOLLOWING: UniWeb GradStart January to June 2010 (for 1st or 2nd intake) OR July to November 2010 (for 3rd tri intake) Want to apply for a GradStart course? Apply now in GradStart Create your login and password and submit Enter the SATAC Code for the program you are applying for: MBA (Advanced) 3CM035 MBA (12 Course) 3CM034 Graduate Diploma of Business Administration 3GD018 Graduate Certificate in Management 3GC027
International Student Admissions
Note: If you do not complete the process immediately you can complete it later by logging in with your SATAC reference number.
International students must submit their applications to the International Office. Applicants must include the following documents:
All applicants must provide a current Curriculum Vitae (CV) to the address below. In addition, applicants who do not possess a Bachelor degree must also provide 2 completed Referee Report froms, which can be downloaded from: www.business.adelaide.edu.au
• Application form
Send to: MBA Course Adviser Faculty of the Professions Postgraduate Hub The University of Adelaide South Australia 5005
Enquiries and Further Information Enquiries can be directed to: E: email@example.com T: +61 8 8303 4652 F: +61 8 8303 4521 Refer to: www.business.adelaide.edu.au for further information including application deadlines.
• Academic transcript • Degree parchment • Resume • Referee reports • Statement of purpose. Forms and further details are available at: www.business.adelaide.edu.au
If you wish to lodge an application online, or make an enquiry about an application which you have already lodged, please visit: www.international.adelaide.edu.au/enquiries/
Intakes and Application Closing Dates There are intakes in each of the three trimesters. Trimesters commence in February, May and September. When submitting applications, local students must allow 1-2 months before the start of their preferred trimester. International students should allow at least 3-4 months, which will include time for visa processing by the Australian government.
Enquiries and Further Information Enquiries can be directed to:
International Admissions Executive Faculty of the Professions Postgraduate Hub The University of Adelaide South Australia 5005
With an aim to continual improvement the University of Adelaide is committed to regular reviews of the courses and programs it offers students.As a result, the specific courses available to students may vary from year to year.
For updated information
T: +61 8 8303 0331
F: +61 8 8303 4521
Tuition Fees: www.adelaide.edu.au/student/finance/ commonwealth/contribution/#sc
Refer to: www.business.adelaide.edu.au for further information.
The University of Adelaide assumes no responsibility for the accuracy of the information provided by third parties.
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The Faculty of the Professions The University of Adelaide South Australia 5005 Australia Telephone +61 8 8303 4652 Facsimile +61 8 8303 4521 Email firstname.lastname@example.org Web www.business.adelaide.edu.au
Information contained within this publication was correct as of October 2009. ÂŠ The University of Adelaide CRICOS Provider Number 00123M
Published on Apr 15, 2010