Expanded earning potential, enhanced business skills, and a broader professional network: these are just a few advantages that a Master of Business Administration (Digital) can give you. In this guide, we’ll explain how an MBA (Digital) from Monash Online can unlock your career potential and help you attain greater job security and fulfilment.
Keep reading to learn more about this degree and find answers to these FAQs:
- What is an MBA? Is an MBA (Digital) the same as a traditional MBA?
- Why do an MBA? How can it fast-track your career?
- Which industries and roles benefit most from an MBA (Digital)?
- What skills and knowledge will I gain?
- What are the typical admission requirements?
- Why study an MBA (Digital) at Monash Online?
What is an MBA (Digital), and how does it differ from a traditional MBA?
Monash Online’s MBA (Digital) focuses on digitalisation and emerging trends. Here are some of its key features:
- This course considers digital as part of the future, providing digital skills, learning platforms, and assessments.
- It considers technological change as omnipresent, exploring cutting-edge applications for digital technologies in business.
- The MBA (Digital) also explores how issues such as climate change and geopolitical tensions are connected through digital transformation.
Monash Online takes a progressive stance – especially on issues like climate change and digital transformation – which distinguishes our MBA (Digital) from more traditional styles of business education.
- It stands out from traditional MBA programs by promoting a progressive, supportive, non-hierarchical environment – emphasising collaboration over competition.
- Our MBA (Digital) emphasises practical, applied learning – encouraging students to bring their own focal organisation and real-world challenges into the course, so their assessments align with their current roles and professional goals.
You can directly compare the differences between our online and on-campus courses here:
- Monash Online (Master of Business Administration (Digital): Fully online delivery with flexible study options. Designed for professionals balancing work and study.
- Monash University (Global Executive Master of Business Administration): Traditional MBA with an emphasis on contemporary business. Includes on-campus components, networking opportunities, and a comprehensive curriculum..
Why do an MBA (Digital) degree? This postgraduate course is perfect for mid-career professionals who want to access better job opportunities, expand their network, and increase their earning potential. It’s designed to strengthen your strategic leadership skills and help you thrive within the ever-evolving world of business.
These are some of the key benefits of studying an MBA (Digital) at Monash Online:
- Flexible and accessible: Online study makes it possible to study anywhere, at times that suit you. This means you can balance your work and family commitments with your study.
- Fast-track learning: Our online master’s program provides six-week teaching periods, giving you a prestigious degree in a flexible format.
- Fully future-focussed: Our course content and delivery constantly evolves, and will equip you with the tools to stay relevant and thrive in today’s unprecedented digital landscape.
- Stay ahead of the trends: By studying the emergence of factors such as digitalisation, virtual teamwork, strategic data use and more, you can maintain currency no matter how the landscape around you evolves.
- Become an agile leader: Designed to accommodate ambition, the MBA (Digital) at Monash Online will equip you with the tools needed to provide strategic leadership within the shifting realities of business environments.
Find out more in our article: MBA (Digital) or Master of Business Management – which course is right for me?
How can an MBA (Digital) accelerate your career growth?
What can you do with an MBA (Digital)? This degree can unlock countless professional opportunities – it’s particularly valuable if you have your sights set on a senior strategic management role. Additionally, the online mode of delivery makes it possible to continue working in your current job while you complete your studies.
Let’s take a look at some of the ways the MBA (Digital) at Monash Online can help to fast-track your career:
- Network with purpose: Studying with Monash Online means access to a diverse professional network that can enhance your influence and success.
- Taught by the best: Gain insights from industry leaders and academics with over 25 years of MBA expertise, and learn strategies to boost your influence and fast-track your career.
- Professional advancement: Part C of our degree covers topics such as positive psychology and design thinking approaches, with the aim of building professional and personal self-awareness for ongoing career growth.
- Leading global rankings: Monash Online’s business programs are ranked 9th in the world, making our MBA (Digital) a sought-after qualification that’s highly regarded by employers globally.
Find out more about career advantages in our article: Five benefits of an MBA for an entrepreneur.
Which industries or roles can benefit the most from an MBA (Digital)?
According to employment projections for the decade ahead, professionals and managers are expected to make up 40.7% of employment in May 2033. If you’re keen to increase your employability and enjoy career longevity, an MBA (Digital) can give you a valuable competitive edge.
All industries require leaders, and for this reason, an MBA can take you virtually anywhere. This qualification can provide a headway into traditional industries such as finance, education, and government – and it can also accelerate your success in the newer fields of big data analytics, artificial intelligence, cybersecurity, and renewable and alternative energy.
These are some of the main industries and roles that can benefit from an MBA (Digital):
- Technology and IT: An MBA (Digital) provides tech professionals with business management skills, equipping them to take on leadership roles, oversee digital transformation projects, and make strategic business decisions rooted in technical expertise.
- Finance: Finance professionals can stay competitive in a rapidly evolving sector driven by digital innovation.
- Healthcare: An MBA (Digital) can help healthcare professionals understand data-driven patient care, digital health tools, and emerging tech, which is crucial for delivering efficient and innovative healthcare services.
- Retail: Professionals gain insights necessary for thriving in online retail environments and adapting to trends like omnichannel retailing.
- Supply chain management: An MBA (Digital) provides tools for understanding Industry 4.0 technologies like IoT, automation, and machine learning.
- Consulting: This qualification equips consultants with the ability to lead digital transformation initiatives for clients, leveraging skills in data analytics, change management, and technology strategy.
What skills and knowledge will I gain from an MBA (Digital)?
At Monash Online, we tailor your MBA (Digital) studies to your unique professional goals by bridging theory and practice. As part of our online MBA, digital business skills are taught with an awareness that the contemporary business landscape is constantly evolving – giving you the tools needed to stay agile and current.
Our MBA (Digital) includes three core components:
- Operational Knowledge (36 points)
- Organisational Skills (18 points)
- Professional Advancement (18 points)
Operational Knowledge covers traditional MBA learnings and foundational knowledge, with an emphasis on emerging trends against a rapidly changing workforce. The Organisational Skills component then teaches you how to manage strategic and innovative practices, moving towards business transformation and sustainable development.
In Professional Advancement, you’ll refine your ability to hold and maintain business currency. We’ll show you how to align your career direction to your goals, and empower your business networks to provide support.
Still wondering, why do an MBA (Digital)? You can get in touch with our course consultants by calling 1300 272 509. You can also download a course guide here: Master of Business Administration (Digital).
What are the typical admission requirements for an MBA (Digital)?
To enter the MBA (Digital) program at Monash Online, you need:
- An Australian bachelor’s degree or equivalent qualification with at least a credit (60%) average, or equivalent Grade Point Average (GPA) and three years relevant experience* in a professional role.
*Applicants will be required to provide a detailed curriculum vitae, outlining their employment history and professional experience.
You also need to meet these English language requirements:
- Monash Level A, that is: IELTS (Academic): 6.5 overall (no band lower than 6.0); or Pearson Test of English (Academic): score of 58 overall with no band lower than 50; or TOEFL Internet-based test: score of 79 overall with minimum scores: Writing: 21, Listening: 12, Reading: 13 and Speaking: 18; or Equivalent approved English test
You’ll also be required to do an application interview with the course director, to make sure our MBA (Digital) is right for your ambitions.
Why should you do an MBA at Monash Online?
The MBA (Digital) at Monash Online offers multiple benefits including:
- World-class business excellence: Our Business School ranks in the top 1% globally, as Victoria’s only institution with ‘triple crown’ accreditation from AACSB, EQUIS, and AMBA.
- Prestigious yet progressive: Our commitment to a progressive, supportive, and non-hierarchical environment emphasises collaboration over competition – fostering excellence in every endeavour.
- Tailor-made support: The MBA (Digital) at Monash Online is backed by expert academics and a dedicated student assistance team, giving students a truly immersive learning experience.
Please visit the Master of Business Administration (Digital) page for more information, or contact us today.
