Macquarie University Unveils $33,000 Online MBA
Macquarie University‘s Graduate School of Management has become the latest top-ranked business school to offer an online MBA, teaming up with Coursera to launch a $33,000 fully online degree that can be completed in 12 months.
The Macquarie Graduate School of Management (MGSM) Global MBA is a first-of-its-kind online MBA on future-focused capabilities, designed to serve the rapidly growing workforce in an age when AI is expected to automate half of the activities that people are paid to do in the global economy.
Applications for the first cohort have opened and will commence in May 2019. Applicants must have a Bachelor’s degree (GPA of 5+), three years of supervisory (including team/project leader) or professional experience and meet minimum English standards.
The Global MBA has been built around a ‘stackable’ model that allows students to earn certificates as they go through the program and start learning before even submitting a formal entry application.
“Our new Global MBA reflects our commitment to investing in innovative business education that meets the career ambitions of today’s professionals, showcasing the talents of our excellent faculty, and developing global partnerships that enhance our brand recognition,” said Professor Stephen Brammer, Executive Dean of the Faculty of Business and Economics.
“Coursera is a world-class partner, and the Global MBA will be a game-changing program that brings Macquarie to a new global community of learners, complemented with continuous development in and commitment to our flagship on-campus MBA program.”
The Global MBA is particularly relevant for rising generations that are looking for ways to be empowered in their careers outside of the traditional corporate ladder — a 2018 Deloitte study found that 43 percent of millennials plan to quit their current job within two years and 62 percent consider gig work as a viable career path. These emerging career trends require more professionals to equip themselves with a broad set of adaptable skills.
The Global MBA curriculum is designed to build six cross-disciplinary capabilities: leading, strategising, analysing, influencing, adapting, and problem solving.
Coursera has pioneered the stackable model for online degrees that gives students the choice of taking as much or as little of a degree as they want.
All courses in the Global MBA are available on Coursera to enrol in as open courses not for credit and result in individual certificates. This means that students can choose to take as many open courses as they want and gain certificates along the way. Full courses including premium features and content are also available, and students with a non-traditional background who perform well in these courses can be admitted into the degree program.
“300 million people are entering the workforce in the next 10 years who will all be vying to succeed in a rapidly changing economy. Coursera is working with Macquarie and other leading universities to not only make degrees more accessible but to also be more relevant preparation for the future of work,” said Jeff Maggioncalda, Coursera’s CEO.
“We are thrilled to launch the Global MBA with Macquarie University, our first degree offered by an Australian university and one that we believe fulfills an unmet need in the MBA market today.”
Once admitted, students can fit the Global MBA around their work and personal lives while still receiving the rigorous learning experience they expect from a top-quality program.
Asynchronous lectures and assignments are combined with high engagement components like regular live video sessions with instructors and collaborative group projects – all done digitally and aided by the most advanced technologies that enable seamless communication with instructors and peers. Students can access all of their course material wherever they are on Coursera’s mobile app, a popular feature used by over 80 percent of degree students on the platform.
Two open courses in the Global MBA will launch on 24 September: “Know your people” and “Adapt your leadership style.” Go here to learn more about the MGSM Global MBA.
Ben Ready is the founder and Managing Editor of MBA News Australia (mbanews.com.au) and Online MBA (online-mba.com.au). He is a journalist, communications and digital marketing expert and also the founder of RGC Media & Mktng (rgcmm.com.au). He is a passionate advocate of MBAs and believes everyone who aspires to career advancement should get one.