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Business studies is a broad area encompassing disciplines such as accounting, finance, organisational behaviour, economics, marketing and management. Undertaking postgraduate studies in business gives students the opportunity to both develop expertise in their areas of interest and strengthen core business management skills such as strategic thinking, problem solving and decision making.
The Newcastle Business School offers a Doctor, Master and a Graduate Certificate in Business Administration as well as a Master of Business. These programs attract students from a wide variety of educational and occupational backgrounds who choose to undertake them for a variety of reasons, including:
- Career change – adding a new area of specialisation to an existing qualification or employment background; e.g. an engineer who is managing people and projects who becomes more interested in strategic business roles.
- Career mobility – promotion opportunities within existing or new employment situations; e.g. a person who is working in a middle management role who wants to compete for higher level positions or a person who has progressed through internal promotion in one firm but would require qualifications to do so in another.
- Professional development – “top up” qualifications and knowledge for experienced practitioners
- International recognition - an MBA or Doctor of Business qualification carries with it a level of prestige and this factor is an attraction to the programs for some students
Employment outcomes for post graduate business students are dependent upon a range of factors including level of qualification, level and type of employment experience, and local labour market practices. While this means that a large range of potential roles exist, many students complete postgraduate qualifications in business because they wish to further their career in management. The following information is therefore only a guide to the types of roles potentially available with a focus specifically on management.
To keep up-to-date with postgraduate news from the Newcastle Business School, browse this site.
Employment outcomes are dependent upon a range of factors including level of qualification, level and type of employment experience, and local labour market practices. The following information is therefore only a guide to the types of roles potentially available to those with a combination of experience levels and qualifications.
Why postgraduate study?
The Newcastle Business School offers both a Master and a Graduate Certificate in International Business. Those who undertake these programs do so for a variety of reasons, including:
- Career change – adding a new area of specialisation to an existing qualification or employment background
- Career mobility – promotion opportunities within existing or new employment situations
- Professional development
The following list provides some example jobs for Business Administration. Some of these jobs will depend upon the amount and level of study undertaken, level of experience, and the combination of other majors and electives studied.
- Arts Manager
- Branch Manager (Banking)
- Business Development Manager
- Campaign Manager
- Case Worker/Manager
- Client Service Manager
- Coordinator of Social Services
- Cultural Resource Manager
- Events Manager
- Finance Manager
- Front of House Manager
- Hotel/Motel Manager
- International Manager
The following diagram links career opportunities with prior professional experience and level of qualifications. When interpreting this information remember that “level of professional experience” is not simply the length of time spent employed within a particular industry; rather it is a combination of both quantity and of quality- factors such as the size and complexity of an organisation, individual role within it, the type of work performed and the things achieved. When considering career opportunities available to you, you should consider how formal qualifications and your current level of experience combined prepare you for a role.
Getting the Edge
Most employers seek to recruit people who have relevant work experience and an appreciation for their industry. Here is a check list of ideas about gaining experience and industry knowledge.
- Check the type of experience most employers in your field of interest expect. Don’t overlook the part time work you may be currently doing. Most employers understand that the skills are transferrable even if the work is not in their industry.
- Check your academic program for any courses that involve a placement or the opportunity to undertake an industry based project.
- Check your school for Summer Scholarships for research opportunities.
- Check vacancy sites for advertised traineeships, part time employment and vacation work opportunities in your field.
- Source and approach organisations directly about possible work shadowing or information interview opportunities.
- Source and approach organisations directly for paid work opportunities.
- Consider volunteering.
Note: Gaining experience may be important but not at the expense of your studies. Make sure you do not overload your timetable with unrealistic work commitments.
Employment opportunities exist in a wide variety of industries within small, medium and large organisations. Below is an example of some major organisations which formally target graduates with qualifications in Business.
- Accenture Australia Ltd (International)
- Australian Bureau of Statistics (Australia)
- Bain & Company (International)
- Booz & Co (International)
- Boston Consulting Group (International)
- Citi (International)
- Coles (Australia)
- Colgate Palmolive (International)
- Commonwealth Bank of Australia (Australia)
- Department of Agriculture, Fisheries and Forestry (Australia)
- Department of Defence (Australia)
- Department of Finance and Deregulation (Australia)
- Department of Foreign Affairs & Trade (International)
- Fairfax (Australia)
- Hays (Australia)
- HSBC International Management (International)
- Hudson (Australia)
- IBM (Australia)
- KPMG (International)
- Lion Nathan (International)
- Macquarie Bank (Australia)
- Mars Australia (Australia)
- Mckinsey & Company (International)
- Mercer Human Resources Consulting (Australia)
- Michael Page (Australia)
- PricewaterhouseCoopers (Australia)
- Proctor and Gamble (International)
- Qantas (International)
- Rio Tinto (International)
- Telstra (Australia)
- Thiess (Australia)
- Unilever (International)
- Westpac (Australia)
Some large organisations have specific graduate recruitment programs designed to employ the pick of graduates each year. You must be in your final year of study or recently completed to apply for these programs. The timing of these recruitment drives varies and may occur at any point in the academic year, in some cases starting as early as the first few weeks of the first semester or trimester.
Find out if employers in your area/s of interest have graduate programs, when they typically recruit and what recruitment methods they use. Check with the Careers Service .
Job Prospects and Salary
For up-to-date information please see Job Outlook Australia. This site provides basic Australian labour market information including job prospects, skills requirements and salaries. You might try some of the classifications below as a guide on this site.
Societies and Associations
Associations and societies often provide relevant and up to date information about a variety of issues relating to specific industry sectors. These can be a good starting point to learn more about occupations through profiles, industry news, links to academic journals and information on research developments. Many also offer student membership, conference and professional development activities, newsletters and the opportunity to participate in projects.
Don’t overlook student societies and associations. As well as student chapters of professional associations, some faculties or schools have discipline based student associations. Check your school or faculty web site; perhaps you might start one if one doesn’t exist.
Some academic disciplines run Seminar Programs that involve regular seminars presented by University of Newcastle academics, visiting academics and postgraduate students. Check your schools website for the timetable.
Job Search Sites
Searching job sites is a good way to gain an understanding of: industries recruiting professionals in this field; types of roles and the requirements or expectations of employers for these roles. There are many online job search sites, here are a few to start with:
Australian and International
- CareerHub: the University of Newcastle Careers Service careers and job search site for enrolled students and graduates.
- CareerOne: Australia wide job listings, all levels and industries including executive positions
- MyCareer: Australian and international listings
- Seek: comprehensive Australian job listings, also includes New Zealand and UK listings
- The Big Chair: Management and Executive Jobs
Graduate Attributes and EmployabilityGraduate attributes are the skills, abilities and knowledge that are highly sought after by a broad range of employers. Below is the complete list of attributes that graduates will have demonstrated upon the completion of the program.
- Personal and Professional Integrity: Engaging with consistent actions, principles, and values, graduates will be able to manage change and meet new professional challenges in an independent and sustainable manner.
- Applied Knowledge and Skill Base: Through the acquisition of an in-depth specialised knowledge and skill base informed by theory, techniques, tools and models, graduates will be capable of practical application in global professional environments.
- Social and Global Perspectives: Consistent with their role as members of local, national and international communities, graduates will develop proactive value sets which direct personal and professional practice.
- Communication and Interaction: Experiencing developmental complexity in communication and interaction will enable graduates to demonstrate skills which develop relationships, work across differences, and manage conflict.
- Leadership and Teamwork: Actively participating in collaborative work processes and projects, graduates will be able to demonstrate high order skills in leadership and team work.
- Inquiry and Innovation: Engaging in inquiry, research, critical thinking and problem solving graduates will demonstrate the ability to develop effective and innovative solutions to both current and future problems.
Sample Job Ads & Tips
Job ads provide useful information about the job and the required skills, experience and qualifications. Information like this is useful in career planning. Below is a small sample of job ads with tips on planning and job applications; explore further to gather more useful information for your planning.
Please note, the job ads listed on this page are not current and were sourced from a variety of websites in 2010.