Senior Executive
MBA
MELBOURNE BUSINESS SCHOOL
mbs.edu GLOBAL. BUSINESS. LEADERS.
Melbourne Business School, The University of Melbourne The University of Melbourne is one of the world’s truly outstanding universities. With a history dating back to 1853, it is a highly regarded institution of learning that makes significant distinctive contributions to global society. This is a place where distinguished scholars lead talented students to open their minds, share wisdom and face the great unknowns. It is a place where each new generation can define a future that it values. The University has a rich tradition of success in countless fields of endeavour. It is universally respected for its research, teaching and knowledge transfer. Its strong links with a huge array of leading local and international institutions are testament to its status in the world.
“We need to recognise that no one has a monopoly on wisdom… we can all learn from each other, and intellectual curiosity is a valuable quality in any senior executive.” Professor Zeger Degraeve Dean, Melbourne Business School Dean, Faculty of Business and Economics The University of Melbourne
As the graduate school of business of The University of Melbourne, Melbourne Business School (MBS) is jointly established, owned and led by corporate Australia and the University – with ongoing involvement and support from the business community across its programs.
...world-class in the faculty and students it attracts, the research and scholarship it produces and the academic standards to which it adheres. We take pride in our legacy of providing the world’s finest management and leadership development programs since 1963, when we offered Australia’s first MBA.
Executive Level Study The bar is higher than ever for executive performance. Executives need a sound grasp of sophisticated business and financial concepts, and the confidence to draw on multiple approaches to problem solving. They need a thorough understanding of policy, strategy and operational matters to take up leadership roles. Developing and honing executive capabilities at senior levels in organisations requires a considerable commitment of time and energy. Few executives and senior managers can take 12 to 18 months for full-time study. This can be disruptive to careers, difficult to sustain financially and employers do not want to lose valued managers for that period. Parttime study can prove problematic for busy executives who find it difficult to juggle work, personal and family life with evening and weekend study. Melbourne Business School’s Senior Executive MBA (SEMBA) program is specifically designed to address the challenges of long-term study commitment for experienced executives. The program comprises 10 x 9-day modules over an 18-month period, but the structure demands only five weeks away from work in each of two calendar years. Seven modules are based in Melbourne; three are overseas in Asia, Europe and North America.
“Professional success requires a decision. That decision involves a commitment to investing in your executive capabilities, and signalling to the market your determination to be at the forefront of your field.” Associate Professor Patrick Butler Associate Dean, Executive MBA Programs
By drawing together an exceptional cohort of ambitious, talented and experienced managers from diverse sectors and professions, the SEMBA program provides the opportunity to develop participants’ intellectual potential and cutting-edge competencies. Academic Life • Intensive, rigorous study focused on high-level outcomes • Fully residential – away from the day-to-day distractions of work and home • Accelerated learning enhanced by experienced executives from diverse professions and sectors • MBS philosophy of educational excellence with a focus on integration of theory and practice Professional Life • Short duration – 18 months elapsed time • Minimal work disruption allows participants to maintain their responsibilities • Regular modules enable work projects to be scheduled effectively • Immediate impact – learning is applied throughout the entire program Personal Life • Most weekends free for personal and family commitments • Support of smart, experienced, dedicated classmates • Opportunity to build excellent peer network
Program Structure 9 days per module including 5 business days
S
S
M
T
W
T
F
S
S
1
2
3
4
5
6
7
8
9
5 weeks per annum over 2 years Module
1
Module
2
Module
3
Module
4
Module
5
Module
6
Asia
Module
7
Europe
Module
Module
8
9
Module
10
America
May
September
Year 1
Year 2
Year 2
Year 1
10 modules on 4 continents May
July
August
October
December
Module 1
Module 2
Module 3
Module 4
Module 5
Subject Title
Executive Management 1
Executive Management 2
Executive Management 3
Industry Studies in Asia
Executive Management 4
Topic Areas
Leadership & Change
Organisational Behaviour
Operations
Strategy Consulting Project in China
Accounting II
Finance I
Accounting I
Company Visits
Marketing
Data Analysis
Economics of Strategy
Economics of Globalisation
Executive Skills Workshop/Seminar
Executive Skills Workshop/Seminar
Executive Skills Workshop/Seminar
Ethical Leadership
Expert Guest Speakers
Business Strategy
Executive Skills Workshop/Seminar
February
April
June
July
September
Module 6
Module 7
Module 8
Module 9
Module 10
Subject Title
Executive Management 5
Industry Studies in Europe
Executive Management 6
Industry Studies in America
Executive Management 7
Topic Areas
Finance II Market Access Strategy Managing Human Capital Executive Skills Workshop/Seminar
Residential at WHU, Koblenz
Negotiations
M&A
Innovation Studies
Implementation of Strategy
Residential at University of California, Berkeley Leadership and Technology Studies
Corporate Governance
Silicon Valley Company Visits
Executive Skills Workshop/Seminar
European Business Models European Central Bank Visit
Brand Management
Executive Skills Workshop/Seminar
Managerial Judgement
Typical class profile
42 years
30%
Average age
Women
Lead 6% CEO/CFO/ CIO 12%
Manager 12% Director 21%
Department Head 12%
20 years Average work experience
Information Systems 6%
Other 4%
Medicine/ Health 16%
Commerce/ Business 13% Science 13%
Law 3% Managing Director 6% Other 13%
General Manager 18%
Professional role
“This is a program that recognises the financial expertise of a CFO, and adds real value in strategic thinking and leadership skills.” Melanie Andrews CFO/Company Secretary CIC Australia Ltd Class of 2014
Accounting 13% Engineering 19%
Previous study
Arts 13%
“As hosts to world leaders for the G20 and B20 summits in 2014, we see how modern Australia is integrated into the global economy. Understanding the workings of international economic and financial systems is an imperative for Australian business.” Andrew John Associate Professor of Economics Melbourne Business School
FACULTY Melbourne Business School professors teaching on the Senior Executive MBA come from leading business schools around the world. They are dedicated to combining academic rigour with practical business applications.
consulting for high-profile corporations, non-profit organisations and government agencies. They sit on boards and advisory committees, comment in the media and engage daily with the wider national and international business communities.
MBS faculty have significant executive and boardroom experience, and are recognised opinion leaders. They work across multiple areas – publishing their research in the world’s leading academic journals, and
Faculty are appointed based on their commitment to teaching. They are driven by a passion to create the right learning environments to share their expertise, experience and insights.
Applications How to apply Approximately 40 people will be selected for each annual intake. Successful applicants should possess:
Fees and financial assistance The financial commitment for the Senior Executive MBA is AU$120,000*. The program fee includes:
• An undergraduate degree • A minimum of 10 years’ full-time executive experience gained after completing an undergraduate degree • A demonstrable record of executive achievement
• Full tuition • Tablet computer, text books, case materials, readings, articles and study notes • Residential accommodation and meals (in Melbourne and overseas) for the duration of the ten modules • University of Melbourne and international university partner fees
A Graduate Management Admissions Test (GMAT) and English language competency test may be required. Applications are assessed on a rolling basis: Round 1 applications close in November; Round 2 applications close in January. Applications are conducted online; for application form and submission details visit mbs.edu/apply
The fee does not include travel costs associated with the modules, and occasional costs such as visas, travel insurance and some meals while doing fieldwork. The Senior Executive MBA program is eligible for the Australian Government’s FEE-HELP scheme. * Fees, payment schedules and dates are subject to change
Scholarships A small number of partial scholarships are available for the Senior Executive MBA program, particularly for applicants from under-represented groups who can demonstrate the value they would bring to the class. As a guide, these scholarships generally range from AU$10,000 to AU$15,000. Applicants who wish to be considered for a scholarship simply need to enter
Rachel Audigé Recipient of the 2014 Dean’s Scholarship for Women and Management Brand & Marketing Excellence Manager Bayer Class of 2015
this information when completing their online Senior Executive MBA application. The Senior Executive MBA Selection Committee will review all requests and scholarships will be granted based on merit. The Dean’s Women and Management Scholarship award requires a separate application; details are available online.
Join Us If you would like to discuss any aspect of the program, please contact the Executive MBA Programs office: Executive MBA Programs, Melbourne Business School T: +61 3 9349 8413 | E:
[email protected] mbs.edu/SEMBA