RMIT MBA Review

Key Takeaways

Program Overview: The RMIT MBA is a flexible program that caters to both full-time and part-time students, allowing you to balance your studies with professional and personal commitments. The curriculum focuses on real-world application, integrating theoretical knowledge with practical skills through case studies, projects, and internships. The program's duration is typically 1.5 years for full-time students and up to 3 years for part-time students.

Class Profile: The RMIT MBA program attracts a diverse group of students from various industries, enhancing the learning experience through varied perspectives and professional backgrounds. The class profile includes individuals with substantial work experience, ensuring rich classroom discussions and networking opportunities. 

Average Salary and Employment: Graduates of the RMIT MBA program benefit from strong employment prospects, with many securing positions in leading companies across various sectors. The average salary for graduates is competitive, reflecting the high value employers place on the skills and knowledge gained through the program. 

Tuition Fees: The tuition fee for the RMIT MBA program is AUD 52,800. This fee covers the comprehensive curriculum, access to state-of-the-art facilities, and opportunities for networking and professional development. Financial aid and scholarships may be available for eligible students to help manage the cost of the program.

Introduction

Ready to boost your career? The RMIT MBA is all about hands-on learning and real impact. You'll team up with big Aussie companies on important projects, like fixing customer issues or going green with energy.

Plus, you'll help places like the National Gallery of Victoria improve visitor experiences. This degree isn't just business basics; it's about making a difference worldwide. And you'll study in Melbourne with ambitious peers and experts, building your network from day one.

Class Profile of RMIT MBA

The RMIT MBA program attracts a diverse mix of students from fields such as engineering, business, and the arts, resulting in a vibrant class profile. This program is tailored for individuals seeking career advancement and personal growth.

Emphasizing leadership development and practical learning experiences, the RMIT MBA ensures that graduates are well-prepared to thrive in today's dynamic and competitive business environment. Student life at RMIT is enriched by this diversity, fostering a collaborative and stimulating environment where students learn from each other’s varied backgrounds and experiences.

Welcome International Students | RMIT University

RMIT MBA Acceptance Rate

The acceptance rate for the RMIT MBA program is around 25%, reflecting a selective entry for international students. The program emphasizes practical skills and leadership development, equipping graduates for evolving business landscapes. To improve your chances of acceptance, submit a compelling application that showcases your relevant experience and clear motivation for pursuing the MBA.

RMIT MBA Rankings

Looking at the rankings, the RMIT MBA stands strong among top universities worldwide. In the QS World University Rankings, it holds the 140th position, while in the QS Business and Management Studies category, it's at 148th place.

Additionally, in the U.S. News Best Global Universities, it's ranked 209th. These rankings of RMIT's commitment to providing a high-quality MBA program, recognized globally for its excellence in business education.

Eligibility & Requirements for RMIT MBA

To apply for RMIT's MBA program, here's what you'll need Complete an online application form and provide your test scores, such as a minimum RMIT GMAT score of 550. You'll also need to demonstrate your English language proficiency through tests like IELTS or TOEFL. Let's review the essentials to get your application started!

Application Components:

When applying to the MBA program at the Royal Melbourne Institute of Technology, there are several essential requirements students must meet. These include academic records, test scores, and necessary documents. Let's explore the key criteria needed for your application.

• Completed online application form
• GMAT score (overall minimum score of 550)
• Bachelor's degree from a recognized university (with at least a 1.0 GPA.)
• Proof of English Language Ability (IELTS, TOEFL, Cambridge CAE, or PTE Academic)

You can refer to official page to learn more on: RMIT MBA: Apply

Program and Curriculum RMIT MBA

To earn your MBA degree from the Royal Melbourne Institute of Technology, you'll need to complete a total of 192 credit points. This typically involves taking sixteen 12-credit point courses. The RMIT MBA coursework includes four core courses, one MBA research core course, and one capstone course.

Additionally, you'll choose from various combinations of major, minor, and elective courses to fulfill the remaining credit points. Keep in mind that not all courses may be available each semester. Furthermore, you have the option to take up to 24 credit points of university electives or substitute them with MBA option courses, allowing for a tailored and flexible learning experience.

Program Structure:

• Four (4) Core courses (48 credit points); and 
• One (1) MBA Research Core course (12 credit points); and 
• One (1) Capstone course (12 credit points); and 
• 120 credit points from one of the following possible Combinations

Year One of Program: Design Thinking for Business, Leadership and Management, Marketing for Managers, Financial Analytics for Managerial Decisions, Strategy.

Year Two of Program: Business Consulting

Electives

RMIT's MBA program has lots of optional courses to boost your business skills and get you ready for leadership. Whether you're into marketing, finance, starting your own business, or managing people and legal stuff, we've got you covered. These courses give you practical skills and a deeper understanding of the business world.

• Marketing
• Finance
• Entrepreneurship
• Human resources and law

Research centers

Royal Melbourne Institute of Technology offers many research centers and institutes: Centre for Advanced Materials and Industrial Chemistry, Information Security and Network Science Research Group, Theoretical and Quantum Physics Research Group, Satellite Positioning for Atmosphere, Climate and Environment (SPACE) Research Centre, RMIT Data Analytics Lab, Australia-India Research Centre for Automation Software Engineering (AICAUSE).

Studying an MBA at RMIT University

Fees & Financing

When it comes to fees, financing, and scholarships for the RMIT MBA program, there's a lot to consider. From tuition costs to financial aid options, understanding how to fund your education is crucial. Let's explore the various avenues available to support your journey through the RMIT MBA program.

Note: For students who meet the entry requirements for the 1.5 years program (program plan MC199EXE15), the total indicative tuition fee for 2024 commencement is AU$72,480. 

Employment Upon Graduation

RMIT's MBA program is renowned for its success in facilitating exceptional career opportunities for its graduates. With robust career support and a vast global network, the program consistently places students in prestigious roles across diverse industries. Graduates of the RMIT MBA often secure positions in leading companies worldwide, making it a launchpad for success.

Know more at: Carrers | RMIT MBA

RMIT MBA Application: Personal Statement & Interview

SOP

Your Statement of Purpose for an MBA is a crucial document that reflects how you wish to be perceived by the admissions committee of the university or college you're applying to. It's an opportunity to showcase your personality traits and impress the committee.

This document encompasses your academic background, professional experiences, aspirations, and other significant details that paint a holistic picture of who you are as a candidate.

Application questions for the RMIT MBA program

• Why have you chosen to apply for an MBA at RMIT?
• What are your expectations from the RMIT MBA program, and what challenges do you anticipate facing during your studies?
• What leadership qualities do you possess, and how have you demonstrated these in past experiences?
• Describe a time when you had to innovate or think creatively to solve a problem.
• How do you handle stress and pressure, especially in challenging academic or professional settings?
• What are your career objectives and how will an MBA from RMIT help you achieve them?

Interview Questions 

The application process begins with an online form. After the form is submitted, a panel of experts will then review the application and select a candidate. Employers often ask questions about how you have behaved in past situations and use your answers to predict how you might perform in a new role.

Why RMIT is Unique?

The RMIT MBA program offers a unique mix of theory and practical experience to prepare students for global business challenges. It goes beyond teaching basic skills, and providing hands-on learning methods for real-world application. Here's a glimpse of what makes the RMIT MBA special, ensuring graduates are well-prepared to succeed in various careers.

• A world class Australian education: Our graduates earn their degree from RMIT University in Melbourne, which is Australia’s largest tertiary institution.
• Qualified academics: Our team of qualified, experienced academic staff work closely with the academic staff from RMIT Melbourne to deliver high quality education in Vietnam.
• Industry connections: Our partnerships give the opportunity for students to connect with industry ahead of time, making RMIT students more employable and work-ready. 
• Our reputation: We have a world-class reputation for excellence higher education, providing quality, industry-responsive programs relevant to the national and global marketplace.

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Conclusion

The RMIT University MBA will help you transition to new industries and gain exposure to the global business landscape, offering opportunities worldwide. It nurtures ethical leadership qualities in its students, preparing them for a wide range of careers. Alumni hold leadership roles in diverse sectors such as professional services, business, non-profit organizations, and startups. As one of the top MBA colleges in Australia, RMIT University stands out for its commitment to producing graduates who are ready to make a significant impact in their fields.