Friday, April 18, 2008

Financial MBA in Australia

MBA with Finance is need of all corporates.

Every organisation whether small or large, has financial functions. There may be one-person unit or large corporate houses, have function of financial planning, cash flow management,Accounts, taxation, payment and revenue. It goes without saying that there is highest demand For financial personnel and professionals. Financial professional are paid highest after marketing Professionals. More and more MNCs coming to India and more and more Indian companies going for joint ventures abroad, this all has resulted in a lucrative career option for those qualified in managing the funds and financial resources of any organization.



All firms, government agencies, and organizations have a financial manager to take charge of the preparation of financial reports, conduct investment activities, and implement cash-management tactics.

Australian Economy:

The Australian economy is currently experiencing economic growth and low inflation, and is presently one of the strongest performing economies in the world and the management of these economic developments is strongly reflected by the management programs offered at Australian universities.

'Harvard style' MBA

55 Australian universities offer a variety of MBA programs. The prevailing model at the better institutions is the 'Harvard style' MBA, which provides approximately 16 diverse business related subjects, over a period of 16 months to 2 years of full-time study. The shorter (16 month) program serves as an excellent opportunity for students who are unable to pay the fees of a full-time two-year program.

Meeting ground between East and West

The best MBA programs in the country are known for the international nature of their course work, a factor that Indian students are likely to find as advantageous. Given its historical ties with North America and Europe and its geographical proximity with Asia, Australia serves as a meeting ground between east and West. More specifically, developments in Asia are subject to close academic and business scrutiny within Australia, and specific MBA courses are directed towards a deep student understanding of the Asia/Pacific region.

Institution of cross-credit subjects

Additionally, students can avail of the opportunities provided by the Consortium of Australian Management and Business Schools (CAMBS), which includes a number of institutions such as The University of Adelaide, Deakin University, The University of Queensland, The University of Tasmania and The University of Western Australia. These institutions cross-credit subjects studied in the MBA programs, an arrangement that facilitates easy movement of students between different universities. The availability of distance education from Deakin University only increases the flexibility that Consortium members can offer.

Flexibility
Therefore, international students have the opportunity to complete the entire course of their MBA program in Australia, or to study for a semester or trimester towards their degree at an institution of their choice. This may be facilitated by exchange arrangements between their home university and an Australian university, which can be tailored to the specific educational needs of the students concerned.

Cost of Education

The cost of education, an extremely important and deciding factor for international students is favorable in Australia, particularly when compared to the education costs in other foreign destinations. For example, international students pay AU$ 2000 per subject for each of the 16 units at the University of Western Australia, a total of AU$32 000 and considering the fact that the Australian dollar is equivalent to 62 US cents. International Students can save good money.

Resources and Facilities.

Students can note that the country’s oldest universities are the ones that are most likely to be well resourced in terms of quality of faculty, caliber of students, library, computer and other facilities.

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