Regional Focus
australia
nations, particularly those in East Asia. Australia introduction two years ago of the most extensive interactions in the MBA classroom. “But
is seen as the gateway to the economic careers services centre of any school in the Asia good programs have admission processes that
powerhouses of the future.” Pacific, and our excellent reputation with ensure academic, industry and cultural
Seventeen years of unprecedented recruiters. And we are confident of good results diversity. MBS has more than 70%
economic growth has been fuelled by the again this year—despite the global doom and international students in its full-time MBA,
commodities boom, but Australia’s GDP is gloom.” The QS Corporate Recruiters Survey but more than 70 countries are represented
dominated by its services sector (68% of GDP). this year supports this and results show that there and no one culture dominates. This is
Agricultural and mining account for 57% of the are a growing number of recruiters looking for deliberate to ensure an optimal learning
nation’s exports and 10% of GDP. Major export talented MBAs from regional schools. environment,” says Professor Seybolt.
markets include China, Japan and South Korea. “It is even more critical for employers now There were more than 22,000 students
With downturns in their economies, Australia to hire well. With limited resources, they can’t enrolled in MBA programs in Australia in
will hurt, but it is in a privileged position to afford to make mistakes. There is indeed a ‘war 2007, with 37% studying full-time and 63%
respond more effectively than anyone else, and for talent’,” says Professor Seybolt. “Additionally part-time. Victorian institutes were the
the decline in the Australian dollar gives its it’s becoming clear that there are no consistent most popular with 31%, followed closely
exports a competitive edge—including education. past models that can predict the economic future by NSW with 27% and Queensland with
Oil and gas producer Santos expects output in so it becomes even more critical to employ 21%. Australian schools like all others have
2009 to be similar to 2008. Even the financial people who can confidently deal with seen an increase in application volumes in
sector is thriving, with Australia’s four major banks uncertainty—gather relevant information and the past six months. There was a 30%
advancing into the top 20 earlier this year for the make decisions amid great amounts of ambiguity.” increase in applications for the full-time
first time in history, and enjoying AA ratings that This is what MBAs do—help people bring class at MBS in Jan 09. “Students are
only 13 banks worldwide can attest to. And this together relevant information across many seeing retrenchment packages as an
will lead to new global growth opportunities. disciplines, and then integrate these various opportunity to take a break from work and
approaches in the decision making process. invest in their future through education.”
Getting a job says Professor Seybolt.
What is the expected job scene for MBA Diversity has huge advantages Australia does offer strong incentives for
graduates? Placement results of last years’ Apart from functional capability, employers also budding MBAs; an economy focused on
graduates at Australia’s two most highly ranked look for ‘soft skills’ and although largely product growth, an enviable lifestyle, visas
schools were a match for any globally. AGSM determined by innate qualities, schools can that are supportive of students and migration,
reported 89% employed within the first three provide an optimal environment to develop a multicultural setting in a world class
months, and MBS an exceptional 96%. “Up to their students’ skills in this area. One skill in education system, and access to the worlds’
70% of our students are employed even before demand is ‘global readiness’. Australian major corporate players. Not surprising then
they finish their MBA, mostly through the schools excel in this. that the grass looks greener here and that
internship program,” says Professor Seybolt.” We Off course this in itself doesn’t guarantee schools have experienced substantial
attribute these successful results to the a multicultural experience or effective increases in international applications.
154 TopMBA CAreer Guide
www.topmba.com
TopMBA CAreer Guide
www.topmba.com 155
MBA_SPR09_pp_052-155.indd 155 17/2/09 15:21:06
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