UQ MBA students open doors in USA for Australian companies
University of Queensland Master of Business Administration students are helping three Australian companies to expand their customer bases in the United States.
UQ Business School has established the international consultancies as part of the 2015 Wharton Global Consulting Practicum, and will be working with a fashion boutique, an earth-moving machinery supplier and a sporting body.
Through the practicum, UQ Business students form international consulting teams with students from the Wharton School at the University of Pennsylvania, to complete a “real life” US market entry or expansion project for an Australian company.
UQ MBA director Dr Sarah Kelly said the practicum had been running for 37 years at Wharton and for five years at UQ.
“It provides great value for the clients, and represents a significant opportunity for Australian businesses and the economy,” Dr Kelly said.
“The students all bring a plethora of skills and knowledge, currently working in leading companies such as Suncorp, Ernst & Young, Rio Tinto, Google, Morgan Stanley and Bain & Co.
“The diversity and experience of the team members, along with the extensive consulting and business experience of the mentors and academics, has led to the successful completion of many projects.”
The teams are mentored by a mix of alumni, academics and previous clients of the GCP program, from UQ Business School and Wharton.
UQ MBA student, Henry Anning said the practicum was “an amazing opportunity” to gain experience with real-life, influential clients.
“Working on a complex project as part of a large, inter-continental and diverse team has been a highlight of my MBA studies,” Mr Anning said.
“The complexity, uncertainty and challenge of this project develops communication, management and execution skills that are critical to business success,” he said.
Dr Kelly said UQ was honoured to be Australia’s only MBA program offering this type of international, applied learning experience.
Lorna Jane, OneSteel, Ludowici, Western Australian Indigenous Tourism Operators Council, and The Australian Baseball League are some of the companies that have developed successful expansion and US market entry strategies through the UQ-Wharton practicum in the past five years.
UQ Business School MBA students also will soon have the opportunity to collaborate with MBA students from Fudan University in China on expansion projects for Australian companies looking to grow into the Chinese market.
About the UQ MBA
The Master of Business Administration (MBA) is a Masters-level general business degree which will equip you with the sophisticated skills and knowledge required to become a successful business leader.
UQ Business School’s MBA program is ranked as one of the leading MBAs worldwide and number one in the Asia Pacific region. Its unique features help to set it apart from other MBA programs and provide added value to students.
While all MBA programs aim to develop leadership skills, UQ Business School’s Leadership Capability Framework provides visible evidence of your progress. There is also the chance to put your leadership skills into practice while working with community organisations, to collaborate with the renowned Wharton School on an international consultancy project, and to explore new markets on an MBA immersion tour.
UQ Business School’s reputation for research and its strong links with industry ensure fresh and relevant content, while the flexible study options allow you to fit in your learning alongside lifestyle and work commitments.
Degree: Master of Business Administration
Duration: 1 year
Location: Brisbane, Queensland
Semester Intake: January
Application Deadline: October 31 each year
Applicants must have completed an undergraduate degree with a 4.5 GPA on a 7-point scale, have at least four years of relevant full-time work experience (or equivalent) gained while working in a dedicated supervisory or management role, (approved by the executive dean) and a 550 GMAT score or above.
As well, applicants are required to submit a detailed resume listing experience and two written references, one of which must be work related. Please note: A student may be required to pass a qualifying examination in basic computing, written communication and basic mathematics and statistics before enrolment is approved.