The top 5 online MBA programs in Australia are from SCU Online, Torrens University Australia, James Cook University, the University of New England and the University of Adelaide. Each program is flexible and has great features for online learners. They are all ranked among the top echelon of online MBA degrees by Lerna Australia, where you can obtain brochures with details about each program.
Trends in Online MBA Studies in Australia
The leading postgraduate program in Australia is the online MBA. While a Master of Business Administration (MBA) degree has always been the go-to option for aspiring managers, now most students are also choosing the online study mode. During 2019, a total of 24,525 students were listed as studying online for a postgraduate business and commerce qualification from an Australian institution (Source: uCube).
Perhaps two factors best explain the shift towards earning your MBA online. One is the fact that we do so much online these days. Why go to the trouble of attending classes in person when, like everything else, you can do this using a computer, laptop or even your phone?
Another big factor is improvement in the way online MBA courses are delivered. At one time, most online MBA programs were just an on-campus course for which materials were made available online. Now, the best MBA programs are purpose-built for online study, with features such as digital learning platforms and short teaching blocks.
1. SCU Online
Cheap but good is how you could describe the online MBA from Southern Cross University. The program ranks as very close to Australia’s cheapest according to Good Universities, with a total tuition fee of $33,480 for students who start in 2021.
The program appears cheap simply by virtue of being delivered efficiently. Students don’t appear to miss out an anything. Each of the 12 units is delivered within a 7-week teaching period. The program is accelerated, meaning you are able to study throughout the year. You also benefit from a modern digital learning platform and student support.
Students are able to do a general MBA course of specialise in one of four fields: Managing and Leading People, Accounting, Information and Knowledge Management, and Health Services Management.
2. Torrens University Australia
An excellent learning experience is what you can expect from the Innovation and Leadership MBA. The degree is offered by Torrens University Australia in partnership with Ducere Global Business School and is priced at $54,900 in 2021.
There is a long list of unique advantages that come with this 100% online MBA, including an essentially exam-free experience, the ability to finish within 12 months, a focus on projects and practical skills rather than academic learning, and being able to build valuable industry connections.
The innovative and unique MBA is well worth considering if you are interested in working on collaborative projects as a way of learning and gaining a valuable qualification. Conversely, you may want to try the Torrens-Ducere MBA if you don’t like the thought of a return to academic-style learning.
3. James Cook University
The Master of Business Administration Global from James Cook University is structured similarly to the MBA from SCU Online and is a little more expensive, with a tuition fee for the full program of $40,440. As with most of the MBA programs listed here, you have the option of starting the 12-unit program with a 4-unit graduate certificate course. You can also stop at 8 units and leave with a Graduate Diploma of Business Administration Global.
The program has three concentrations that all students do. They are Global Perspectives and Strategy, Data-Driven Decision Making, and Organisational Leadership and Management. The idea is to prepare graduates to make impactful, strategic decisions that are informed by global trends and data analytics. The program finishes with a capstone project in which students prepare a research proposal for business leaders.
4. University of New England
UNE officially has Australia’s cheapest professional MBA program. The Data and Cyber Management MBA is priced at $33,048 for students starting in 2021.
While it may be cheap, the program is a good one for preparing you for leadership roles. The program is well rounded despite its title. There is an emphasis on leading and managing in a technological environment, which is the environment that essentially every manager operates in today.
Topics covered in the program include Leadership and Decision Making, Business Strategy, Big Data and the Cyber Mindset, and Digital Operations and Project Management. Students also complete an applied industry project.
5. University of Adelaide
The University of Adelaide is one of Australia’s more prestigious universities, which helps explain why its MBA comes with a price tag of $54,936 for the full degree. That’s still quite cheap compared some of the other top ranked universities. MBAs from the University of Melbourne and University of Queensland cost a minimum of $89,500 and $76,560 respectively.
What’s good about the University of Adelaide MBA is that you gain an excellent qualification while still enjoying the benefits of a flexible, fully online MBA. The program allows you to collaborate with other experienced professionals, participate in online seminars and access digital resources easily. Graduate certificate and diploma qualifications are embedded in the program.