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 MBA program 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 also teach at other universities (e.g. Dr Menuka Jayaratne lectures at both VIT and LaTrobe University), so you are getting access to the same quality education.
VIT - Your Partner
We offer online, in-class and a hybrid of the two, depending on the pathways that best suit our students. You choose your mode of study. You choose your own pace.
The VIT advantage is clear:
Affordable education taught by academic experts.
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.
“I am currently studying an MBA at Victorian Institute of Technology. Alongside my first semester at VIT, I was also interning at the Global Impact Initiative, which is one of only 36 companies acknowledged globally by the United Nations as a UN LEAD Company to work with the UN Sustainable Development Goals. The simultaneous process taught me a lot of which my education played a vital role in how I perceived work in my internship and hopefully through the experience of both, will embark on a career in investing.”
– Hamza Ali, MBA student (2021), Melbourne
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.
VIT’s Academic Dean, Professor Arun Patil, is overseeing external engagements and partnerships which will not only help students with internships during their degree but also when seeking work afterwards.
It is not necessary to have a Bachelors degree as a prerequisite if you have 5 years of relevant supervisory and managerial work experience. If you are not sure, contact us to see if your work experience is sufficient.
If you feel you need more academic support, there is the option to do the graduate certificate in business administration before you enrol for the MBA.
Information on how to apply can be found here for domestic students and here for international students.
Total 16 Units (96 Credit Points) without RPL Total 12 units (72 Credit points) with RPL
"VIT’s Master of Business Administration (MBA) is a Post-Graduate course at Australian Qualification Framework (AQF) Level 9. "
Graduate Certificate of Business Administration (GCBA) – 4 Units
Graduate Diploma of Business Administration (GDBA) – 8 Units
To attain the MBA qualification, total 16 units (96 credit points) without RPL and total 12 units (72 credit points) with RPL. Core units: 8, Elective units: 16, Compulsory units: Business Project (equal to 12 credit points);
Stream 1: Information System
Stream 2: Tourism and Hospitality
Stream 3: Management
Stream 4: Finance and Accounting
Course Structure with Specialisation
Whether you decide to pursue a general MBA or MBA with a specialization, 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 specializations.
CORE UNIT STRUCTURE
Managing Administration and Control
Managing Logistics and Technology
Managing Decision Making Processes
Managing Human Capital
Managing Organisational Behaviour
Managing Strategy and Innovation
Business Research Methods
SPECIALISATION STREAMS: MBA
MBA WITH FINANCE & ACCOUNTING
Management and Financial Accounting
MBA WITH INFORMATION SYSTEMS
Business Information Systems
IT Project Management
Business Process Modelling and Management
MBA WITH MANAGEMENT
Managing Corporate Sustainability
Managing the Quantitative Support of Decision Making
MBA WITH TOURISM & HOSPITALITY
Integrated Marketing Communications
Tourism Management Operations
Part A & B Capstone Project
INNOVATIVE STRUCTURE OF MBA
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
MBA 5001: Sustainable Marketing
MBA 5002: Managing Administration and Control
MBA 5003: Managing Logistics and Technology
MBA 5004: Managing Decision Making Processes
MBA 5005: Managing Human Capital
MBA 5006: Managing Organisational Behaviour
MBA 5007: Managing Strategy and Innovation
MBA 5008: Business Research Methods
MBA – INFORMATION SYSTEMS
MBA 6101: Business Information Systems
MBA 6102: IT Project Management
MBA 6103: Agile Methodology
MBA 6104: Business Processes Modelling and Management
MBA – FINANCE AND ACCOUNTING
MBA 6001: Investment Management
MBA 6002: Corporate Finance
MBA 6003: Financial Analytics
MBA 6004: Management and Financial Accounting Accounting
MBA – TOURISM AND HOSPITALITY
MBA 6301: Event Management
MBA 6302: Integrated Marketing Communications
MBA 6303: Tourism Management Operations
MBA 6304: Hospitality Management Hospitality Management
MBA – MANAGEMENT
MBA 6201: Quality Management
MBA 6202: Managing Corporations Sustainably
MBA 6203: Project Management
MBA 6204: Managing the Quantitative Support of Decision Making
MBA 6400: Business Project (two units)
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).
MANAGING AND ORGANISING BUSINESS
Introduction to the Programme, Managing the Task Environment, Administration and Control Skills, Logistics and Technology, Decision Making Processes
MANAGING AND DEVELOPING PEOPLE, STRATEGY AND RESEARCH
Managing Organisational Behaviour, Human Capital, Strategy and Innovation, Business Research
OPTION: CHOOSE 1 OF 4
MANAGING INFORMATION SYSTEM
MANAGING FINANCE & ACCOUNTING
MANAGING TOURISM & HOSPITALITY
ORGANISATIONAL RESEARCH METHODS & MBA PROJECT
MBA project: in-company project, business analysis, business plan or dissertation
LEARNING AND PROFESSIONAL DEVELOPMENT PORTFOLIO
CAREER MANAGEMENT AND DEVELOPMENT PROGRAMME
UNIT DESCRIPTIONS AT A GLANCE WITH LEARNING OUTCOMES
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 conﬂ icts 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.