MBA COURSE FEES

Domestic: $16,000

FLEXIBLE LEARNING MODE

Online / On-campus / Blended

FITTING YOUR TIME

Full-time or Part-time

NEXT INTAKES

6 Dec ’21
21 Feb ’22
25 Apr ’22

  • One of Australia’s most affordable MBAs
  • Top 30 most popular MBA program
  • Start your MBA for free (5 places per intake)
  • Accredited by the Tertiary Education Quality and Standards Agency

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.

QILT | 2020 POSTGRADUATE STUDENT EXPERIENCE SURVEY

See how VIT compares

VIT - YOUR PARTNER

Experience the VIT advantage

We offer online, face to face and blended classes. You can choose your own pace and mode of learning depending on your preference.

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

Career Support

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.

Fees

Domestic Students

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

Admissions

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: enrol@vit.edu.au

Academic Structure

VIT’s Master of Business Administration (MBA) is a Post-Graduate course at Australian Qualifications Framework (AQF) Level 9.
Course Code MBA9118
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 Locations
  • Melbourne Campus: Level 14, 123 Queen Street, Melbourne,
    Level 6-10, 235 Queen Street, Melbourne,
    Level 6, 118 Queen Street, Melbourne
  • Sydney Campus: Level 5 & 8, 333 Kent Street, Sydney
Delivery Mode Online for Domestic and Overseas applicants
Blended Learning mode for International Students
Intake Bimonthly (Refer to Intake Dates )
Course Qualification A total of 96 credit points will satisfy the requirements for qualification.

Exit Qualifications

Graduate Certificate of Business Administration (GCBA) – 4 Units
Graduate Diploma of Business Administration (GDBA) – 8 Units

Qualification Rule

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.

*Specialisation Streams

  • Stream 1: Management
  • Stream 2: Information Systems
  • Stream 3: Finance and Accounting
  • Stream 4: Tourism and Hospitality

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

MBA5001 Sustainable Marketing
MBA5002 Managing Administration and Control
MBA5003 Managing Logistics and Technology
MBA5004 Managing Decision Making Processes
MBA5005 Managing Human Capital
MBA5006 Managing Organisational Behaviour
MBA5007 Managing Strategy and Innovation
MBA5008 Business Research Methods
MBA WITH MANAGEMENT
MBA6201 Quality Management
MBA6202 Managing Corporate Sustainability
MBA6203 Project Management
MBA6204 Managing the Quantitative Support of Decision Making
MBA WITH INFORMATION SYSTEMS
MBA6101 Business Information Systems
MBA6102 IT Project Management
MBA6103 Agile Methodology
MBA6104 Business Process Modelling and Management
MBA WITH FINANCE & ACCOUNTING
MBA6001 Investment Management
MBA6002 Corporate Finance
MBA6003 Financial Analytics
MBA6004 Management and Financial Accounting
MBA WITH TOURISM & HOSPITALITY
MBA6301 Event Management
MBA6302 Integrated Marketing Communications
MBA6303 Tourism Management Operations
MBA6304 Hospitality Management
  • Units 1 to 8 are CORE.
  • Units 9 to 16 are electives selected out of a pool of SPECIALISATIONS.
    • For MBA with specialisation – 4 units from a SPECIALISATION and 4 units from any other electives.
    • For MBA non-specialisation – any 8 units from the electives
CORE UNITS
1
MBA 5001: Sustainable Marketing
2
MBA 5002: Managing Administration and Control
3
MBA 5003: Managing Logistics and Technology
4
MBA 5004: Managing Decision Making Processes
5
MBA 5005: Managing Human Capital
6
MBA 5006: Managing Organisational Behaviour
7
MBA 5007: Managing Strategy and Innovation
8
MBA 5008: Business Research Methods
SPECIALISATION UNITS
MBA – INFORMATION SYSTEMS
MBA 6101: Business Information Systems
MBA 6102: IT Project Management
MBA 6103: Agile Methodology
MBA 6104: Business Processes Modelling and Management
SPECIALISATION UNITS
MBA – FINANCE AND ACCOUNTING
MBA 6001: Investment Management
MBA 6002: Corporate Finance
MBA 6003: Financial Analytics
MBA 6004: Management and Financial Accounting Accounting
SPECIALISATION UNITS
MBA – TOURISM AND HOSPITALITY
MBA 6301: Event Management
MBA 6302: Integrated Marketing Communications
MBA 6303: Tourism Management Operations
MBA 6304: Hospitality Management Hospitality Management
SPECIALISATION UNITS
MBA – MANAGEMENT
MBA 6201: Quality Management
MBA 6202: Managing Corporations Sustainably
MBA 6203: Project Management
MBA 6204: Managing the Quantitative Support of Decision Making
SPECIALISATION UNITS
BUSINESS PROJECT
MBA 6400: Business Project (two units)

TIME STRUCTURE

UNITS
QUALIFICATIONS
CREDITS
UNITS 1

GRADUATE CERTIFICATE

6
UNITS 2
6
UNITS 3
6
UNITS 4
6
UNITS 5

GRADUATE DIPLOMA

6
UNITS 6
6
UNITS 7
6
UNITS 8
6

TIME STRUCTURE

UNITS
QUALIFICATIONS
CREDITS
UNITS 9

MBA
(WITH RPL)

6
UNITS 10
6
UNITS 11
6
UNITS 12
6
UNITS 13

MBA
(WITHOUT RPL)

6
UNITS 14
6
UNITS 15
6
UNITS 16
6
  • Units 1 to 8 are CORE.
  • Units 9 to 12 and 9 to 16 are Electives selected out of a pool of SPECIALISATION UNITS.
  • 16/12 Units – one unit bi-monthly process – three stage completion and three qualifications (if completed).

TIME STRUCTURE

UNITS 1 2 3 4

MANAGING AND ORGANISING BUSINESS

Introduction to the Programme, Sustainable Marketing, Administration and Control, Logistics and Technology, Decision Making Processes

UNITS 5 6 7 8

MANAGING AND DEVELOPING PEOPLE, STRATEGY AND RESEARCH

Managing Organisational Behaviour, Human Capital, Strategy and Innovation, Business Research

UNITS 9 10 11 12

OPTION: CHOOSE 1 OF 4

MANAGING INFORMATION SYSTEM

MANAGING FINANCE & ACCOUNTING

MANAGING TOURISM & HOSPITALITY

GENERAL MANAGEMENT

UNITS 13 14 15 16

ORGANISATIONAL RESEARCH METHODS & MBA PROJECT

MBA project: in-company project, business analysis, business plan or dissertation

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.

Academic Faculty

Here are some of our faculty:

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.

Frequently Asked Questions

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 enrol@vit.edu.au.

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.