Lo que debe Republica Dominicana

República Dominicana enfrenta una abrumadora carga financiera, proyectada hasta 2060, con una deuda total de US$29,142 millones en bonos soberanos, según el Informe de Situación Macroeconómica de la Dirección de Análisis Macroeconómico (DAM) del Ministerio de Economía, Planificación y Desarrollo (MEPyD).

Proyección de la Deuda por Bonos Soberanos

Los bonos soberanos emitidos por el Ministerio de Hacienda representan una parte significativa de la deuda externa de República Dominicana. Estos instrumentos financieros atraen inversiones de personas físicas y empresas a nivel global, negociándose en mercados internacionales como Wall Street en Nueva York, Londres, y Fráncfort.

El informe del DAM excluye otros componentes de la deuda externa, tales como los préstamos con organismos multilaterales (por ejemplo, el Banco Interamericano de Desarrollo (BID) y el Fondo Monetario Internacional (FMI)), así como las obligaciones con gobiernos extranjeros como Francia, Venezuela, Brasil y Japón. La cifra reportada refleja exclusivamente los compromisos por bonos soberanos.

Cronograma de Vencimientos

La deuda estructurada en bonos soberanos impone un calendario de pagos meticulosamente definido:

2025: Vencimiento de bonos por US$1,272 millones.
2026: Obligación de US$2,254 millones.
2027: Liquidación de US$2,000 millones.
2028: En año electoral, República Dominicana deberá pagar US$1,300 millones.
2029: Necesidad de saldar US$1,782 millones.
2030: Compromiso de US$2,000 millones.
2031: Reducción de la deuda a US$700 millones.
2032: Subida significativa con US$3,066 millones.
2033: Liquidación de US$2,850 millones.
2035: Pago de US$1,218 millones.
2041: Vencimiento de bonos por US$1,500 millones.
2044: En el bicentenario de la República, liquidación de US$1,500 millones.
2045: Obligación de US$2,000 millones.
2048: Deuda de US$1,000 millones.
2049: Vencimiento de US$1,500 millones.
2060: Compromiso final de US$3,200 millones.

Implicaciones para las Futuras Generaciones

Este calendario de vencimientos subraya la persistente carga financiera que enfrentará República Dominicana en las próximas décadas. Un niño nacido en 2024 hereda esta deuda, asumiendo una responsabilidad considerable antes de alcanzar los 40 años.

Valoración del Contexto Económico

Los bonos soberanos son una herramienta crucial para captar inversión internacional, pero también imponen una carga significativa en la economía a largo plazo. El análisis del MEPyD destaca la necesidad de una gestión fiscal prudente para asegurar la estabilidad financiera del país y minimizar el impacto de la deuda en futuras generaciones.

Lea también: RD encharcada con RD$917.20 mil millones de deuda interna hasta 2040

En conclusión, el manejo de la deuda por bonos soberanos requiere una planificación estratégica para mitigar sus efectos y garantizar la sostenibilidad económica a largo plazo.

The concept of insurance has been an integral part of human society for centuries, providing a safety net for individuals and businesses alike. Insurance, in essence, offers protection against potential risks and uncertainties. In this essay, we will delve into the complex world of insurance, exploring its history, the different types of insurance available, the role of insurance companies, and the future of the industry. We will also consider the economic and social impacts of insurance and how it can help mitigate losses during unforeseen events.

I. A Brief History of Insurance (approx. 500 words)

The origins of insurance can be traced back to ancient civilizations, including the Babylonians, Romans, and Chinese. In ancient Babylon, merchants would pay a premium to moneylenders as a guarantee against the loss or theft of their goods during transportation. The Romans formed burial societies, known as collegia, which provided financial support to the families of deceased members. In ancient China, merchants distributing their goods across dangerous rivers would redistribute their cargo among several vessels, spreading the risk of loss.

Modern insurance, however, has its roots in 14th-century Italy, where maritime insurance was first formalized. The practice spread across Europe, and by the 17th century, insurance was well-established in England. The Great Fire of London in 1666 led to the formation of the first property insurance company, the Insurance Office for Houses, in 1681. This marked the beginning of the modern insurance industry.

II. Types of Insurance (approx. 1000 words)

Insurance policies can be classified into various categories, depending on the nature of the risk they cover. Some of the most common types of insurance include:

Life Insurance: This type of insurance provides financial protection to the beneficiaries of the insured person in case of their death. Life insurance policies can be further divided into term life, whole life, and universal life policies.

Health Insurance: Health insurance covers the cost of medical treatment, surgeries, and prescription medications. It can be provided by the government, employers, or purchased individually.

Property Insurance: This insurance protects the policyholder’s property from damage or loss due to natural disasters, theft, or accidents. Property insurance can be divided into homeowners’ insurance, renters’ insurance, and commercial property insurance.

Auto Insurance: Auto insurance protects the policyholder against financial losses resulting from accidents, theft, or damage to their vehicle. It also covers liability for injuries or property damage caused to others.

Liability Insurance: Liability insurance covers legal expenses and damages that the policyholder may be required to pay if they are held responsible for causing injury or property damage to another party. This type of insurance includes professional liability, general liability, and product liability insurance.

Business Insurance: This insurance protects businesses from financial losses arising from various risks, such as property damage, liability claims, or loss of income due to business interruption. Examples of business insurance include workers’ compensation, commercial auto insurance, and business interruption insurance.

Travel Insurance: Travel insurance provides coverage for unforeseen events that may occur during a trip, such as medical emergencies, trip cancellations, or lost luggage.

III. The Role of Insurance Companies (approx. 750 words)

Insurance companies play a vital role in the insurance process, acting as intermediaries between policyholders and the risks they seek to mitigate. Insurers collect premiums from policyholders and invest the funds to generate returns. In the event of a covered loss, insurance companies pay out claims to policyholders.

The primary functions of insurance companies include:

Risk Assessment: Insurers assess the risk associated with each policy by evaluating factors such as the policyholder’s age, health

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, occupation, and lifestyle. This process, known as underwriting, helps determine the appropriate premium to charge for each policy.

Risk Pooling: Insurance companies pool the premiums collected from multiple policyholders, creating a collective fund to pay out claims. This allows them to spread the risk among a large number of individuals, reducing the financial impact of any single claim.

Claims Management: When a policyholder experiences a loss, they submit a claim to their insurance company. The insurer evaluates the claim, verifies its validity, and determines the appropriate payout based on the policy’s terms and conditions.

Investment: Insurance companies invest the premiums they collect in various financial instruments, such as stocks, bonds, and real estate. These investments generate returns that help insurers meet their financial obligations and maintain profitability.

Regulation and Compliance: Insurance companies must adhere to various regulatory requirements established by government agencies. These regulations ensure the financial stability of insurers and protect consumers from unfair practices.

IV. The Economic and Social Impacts of Insurance (approx. 750 words)

Insurance plays a crucial role in promoting economic growth and social stability by providing a safety net for individuals and businesses. Some of the key economic and social impacts of insurance include:

Risk Management: Insurance allows individuals and businesses to manage risks by transferring potential financial losses to insurers. This encourages entrepreneurship, investment, and innovation by reducing the potential consequences of failure.

Financial Stability: By pooling risks and investing premiums, insurance companies contribute to the stability of financial markets. In addition, insurance plays a critical role in mitigating the effects of natural disasters and other large-scale events by providing funds for recovery efforts.

Social Welfare: Insurance promotes social welfare by providing financial support to individuals and families facing unexpected hardships, such as death, illness, or disability. This support helps maintain living standards and reduces the burden on social welfare systems.

Job Creation: The insurance industry is a significant source of employment, with millions of people working in various roles, such as agents, underwriters, claims adjusters, and financial analysts.

V. The Future of the Insurance Industry (approx. 750 words)

Technological advancements, changing consumer preferences, and evolving regulatory landscapes are driving significant transformations in the insurance industry. Some key trends shaping the future of insurance include:

Digitalization: The increasing adoption of digital technologies is transforming the way insurance companies operate, from underwriting and claims processing to customer service and distribution. Insurtech startups are leveraging technologies such as artificial intelligence, blockchain, and the Internet of Things to create innovative solutions and disrupt traditional business models.

Personalization: Consumers are demanding more personalized insurance products and services, tailored to their unique needs and preferences. Insurers are using data analytics and machine learning to develop customized policies, pricing, and risk assessments.

Climate Change: The growing threat of climate change is prompting insurance companies to reevaluate their exposure to natural disasters and other weather-related risks. Insurers are also developing new products and services to help individuals and businesses mitigate the impacts of climate change.

Regulatory Changes: Evolving regulations, such as data privacy laws and solvency requirements, are impacting the way insurers operate and manage risks. Insurers must adapt to these changes while maintaining compliance and profitability.

Conclusion (approx. 150 words)

Insurance is a vital component of modern society, providing financial protection and stability for individuals and businesses in the face of uncertainty. As the industry continues to evolve in response to technological advancements and changing consumer preferences, it is essential for insurers to adapt and innovate to remain competitive. By understanding the history, types, and functions of insurance, as well as the economic and social impacts of the industry, we can better appreciate the value that insurance brings to our lives and the challenges it faces in the future.

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VI. The Role of Insurance in Developing Economies (approx. 750 words)

Insurance plays a particularly important role in developing economies, where individuals and businesses may have limited access to financial resources and face significant uncertainties. Some key aspects of insurance in developing economies include:

Microinsurance: Microinsurance is a type of insurance designed for low-income individuals and businesses that typically cannot afford conventional insurance products. By offering low-cost, tailored policies, microinsurance can help protect vulnerable populations from financial shocks, such as illness, crop failure, or natural disasters.

Agricultural Insurance: Agriculture is a critical sector in many developing economies, providing livelihoods for a significant portion of the population. Agricultural insurance helps protect farmers from risks such as crop failure, livestock loss, or adverse weather conditions, allowing them to invest in their farms and maintain food security.

Infrastructure Development: Insurance can support infrastructure development in developing economies by providing financial protection for large-scale projects, such as roads, bridges, and energy facilities. This helps attract investment and reduce the risk of project delays or cancellations due to unforeseen events.

Financial Inclusion: By expanding access to insurance products and services, insurers can promote financial inclusion in developing economies. This can help individuals and businesses access credit, save for the future, and manage risks more effectively.

VII. Ethical Considerations in the Insurance Industry (approx. 750 words)

As a key component of the global financial system, the insurance industry must navigate a range of ethical considerations to ensure that it operates responsibly and fairly. Some key ethical issues in insurance include:

Information Asymmetry: Insurers rely on accurate information from policyholders to assess risk and price policies appropriately. However, policyholders may have an incentive to withhold or misrepresent information to obtain lower premiums. Insurers must balance the need for accurate information with respect for policyholders’ privacy and the potential for discriminatory practices.

Conflicts of Interest: Insurance agents and brokers may face conflicts of interest when recommending products and services to clients, particularly if they receive commissions or other incentives from insurers. To maintain trust and transparency, the industry must establish and enforce clear standards of conduct and disclosure.

Social Responsibility: Insurance companies have a responsibility to consider the social and environmental impacts of their investments and underwriting practices. This includes supporting sustainable development, addressing climate change, and promoting fairness and inclusivity in the provision of insurance products and services.

Corporate Governance: Strong corporate governance is essential for maintaining the integrity and stability of the insurance industry. This includes ensuring that insurers have robust risk management systems in place, adhere to regulatory requirements, and prioritize the interests of policyholders and other stakeholders.

VIII. The Role of Education and Financial Literacy in Insurance (approx. 750 words)

Education and financial literacy play a critical role in helping individuals and businesses navigate the complex world of insurance. Key aspects of insurance education and financial literacy include:

Understanding Insurance Concepts: Individuals must understand basic insurance concepts, such as premiums, deductibles, and policy limits, to make informed decisions about their insurance needs.

Risk Management: By developing financial literacy skills, individuals can better assess their own risks and identify appropriate insurance products and strategies to protect themselves and their assets.

Consumer Protection: Educated consumers are better equipped to identify and avoid insurance fraud, predatory practices, and other potential pitfalls in the insurance market.

Policy Comparisons: Financial literacy enables individuals to compare different insurance policies and providers, ensuring they select the best coverage for their needs at a competitive price.

In conclusion, insurance is a multifaceted industry that plays a crucial role in providing financial protection and stability for individuals and businesses. As the industry continues to evolve and adapt to changing circumstances, it is important for insurers, regulators, and consumers alike to understand

Many financial experts consider life insurance to be the cornerstone of soundfinancial planning. It can be an important tool in the following situations:1. Replace Income for DependentsIf people depend on an individual’s income, life insurance can replace thatincome if the person dies. The most common example of this is parents withyoung children. Insurance to replace income can be especially useful if thegovernment- or employer-sponsored benefits of the surviving spouse ordomestic partner will be reduced after he or she dies.2. Pay Final ExpensesLife insurance can pay funeral and burial costs, probate and other estate administration costs, debts and medical expenses not covered by health insurance.3. Create an Inheritance for HeirsEven those with no other assets to pass on, can create an inheritance by buyinga life insurance policy and naming their heirs as beneficiaries.4. Pay Federal “Death” Taxes and State “Death” TaxesLife insurance benefits can pay for estate taxes so that heirs will not have to liquidate other assets or take a smaller inheritance. Changes in the federal “death”tax rules through January 1, 2011 will likely lessen the impact of this tax onsome people, but some states are offsetting those federal decreases with increases in their state-level estate taxes.5. Make Significant Charitable ContributionsBy making a charity the beneficiary of their life insurance policies, individualscan make a much larger contribution than if they donated the cash equivalentof the policy’s premiums.6. Create a Source of SavingsSome types of life insurance create a cash value that, if not paid out as a deathbenefit, can be borrowed or withdrawn on the owner’s request. Since mostpeople make paying their life insurance policy premiums a high priority, buyinga cash-value type policy can create a kind of “forced” savings plan. Furthermore,the interest credited is tax deferred (and tax exempt if the money is paid as adeath claim).Insurance BasicsLife InsuranceI.I.I. Insurance Handbook www.iii.org/insurancehandbook 17Types of Life InsuranceThere are two major types of life insurance: term and whole life.1. Term LifeTerm insurance is the simplest form of life insurance. It pays only if deathoccurs during the term of the policy, which is usually from one to 30 years.Most term policies have no other benefit provisions. There are two basic typesof term life insurance policies: level term and decreasing term. Level term meansthat the death benefit stays the same throughout the duration of the policy.Decreasing term means that the death benefit drops, usually in one-year increments, over the course of the policy’s term.2. Whole Life/Permanent LifeWhole life or permanent insurance pays a death benefit whenever the policyholder dies. There are three major types of whole life or permanent life insurance—traditional whole life, universal life, and variable universal life, and thereare variations within each type.In the case of traditional whole life, both the death benefit and the premium are designed to stay the same (level) throughout the life of the policy. Thecost per $1,000 of benefit increases as the insured person ages, and it obviouslygets very high when the insured lives to 80 and beyond. The insurance company keeps the premium level by charging a premium that, in the early years, ishigher than what is needed to pay claims, investing that money, and then usingit to supplement the level premium to help pay the cost of life insurance forolder people.By law, when these “overpayments” reach a certain amount, they must beavailable to the policyholder as a cash value if he or she decides not to continuewith the original plan. The cash value is an alternative, not an additional, benefit under the policy. In the 1970s and 1980s, life insurance companies introduced two variations on the traditional whole life product: universal life insurance and variable universal life insurance.Some varieties of whole life/permanent life insurance are discussed below.• Universal Life: Universal life, also known as adjustable life, allows moreflexibility than traditional whole life policies. The savings vehicle (called acash value account) generally earns a money market rate of interest. Aftermoney has accumulated in the account, the policyholder will also have theoption of altering premium payments—providing there is enough money inthe account to cover the costs.Life InsuranceInsurance Basics18 I.I.I. Insurance Handbook www.iii.org/insurancehandbook• Variable Life: Variable life policies combine death protection with asavings account that can be invested in stocks, bonds and money marketmutual funds. The value of the policy may grow more quickly, but involvesmore risk. If investments do not perform well, the cash value and deathbenefit may decrease. Some policies, however, guarantee that the deathbenefit will not fall below a minimum level.• Variable Universal Life: This type of policy combines the features ofvariable and universal life policies, including the investment risks andrewards characteristic of variable life insurance and the ability to adjustpremiums and the death benefit that is characteristic of universal lifeinsuranceYou likely know the gist of life insurance. In Canada, it is a contract between you and an insurance provider. You make monthly or annual payments (better known within the industry as “premiums”), and in return, under specific conditions—namely, death—your family or other people you name will be paid an agreed-upon amount.The amount you pay for insurance is based on many factors, such as how much coverage you need and the type of policy, or package, you select. Packages vary, but generally Canadians opt for enough to cover funeral expenses and any outstanding debt (think: mortgage, credit cards, car loans, etc.), as well as to replace lost income during the grieving period (if surviving loved ones miss work) and beyond (the absence of your paycheques to provide for the family members left behind). Insurance money can also be used to pay for future expenses, like your children’s post-secondary education, or to make charitable donations.To be clear: Life insurance isn’t for you—it’s for your dependents. It is intended to help the people you leave behind continue to live the life they are accustomed to. That includes the ability to pay the mortgage, household bills, education costs and any other debt or future expenses.The life insurance industry offers Canadians the ability to customize their policies, so that payments and coverage fit your budget and your financial priorities for the future.Learn more about how life insurance works, as well as how to get the best coverage for your loved ones for a price you can afford.An MBA is a graduate-level business degree designed to give professionals the critical knowledge they need to step into management and leadership roles in companies. It’s a prestigious symbol to an employer that you are steeped in the art and science of business management and can apply your expertise to a wide range of industries, from accounting and finance to marketing, international business and many more.MBA stands for Master of Business Administration. At its core, it’s a degree that can help you learn to solve complex business problems, give you the expertise to lead across departments and industries and offer the skills you need to succeed in a fast-paced, evolving job market."The Master in Business Administration prepares professionals with foundational and core knowledge to develop the know-how to manage, lead and solve problems in complex global business environments," said Dr. Katie Carpen, an associate dean of business administration at Southern New Hampshire University (SNHU).What Are MBA Courses All About?Unlike many other degree programs that often focus on knowledge and skills specific to a particular industry, you can apply the learning you do in an MBA program to management roles across an almost impossibly diverse group of fields, said Carpen."The MBA remains the premier degree for business students and provides learners with the opportunity to develop knowledge, skills and abilities that employers seek in generalists, specialists, strategists or entrepreneurs," she said. "The MBA curriculum shows the interconnectedness of business functions, processes and people."The coursework of MBA programs — which generally includes readings, lessons, projects and internships–often “integrates cross-cultural, geopolitical and systems knowledge,” Carpen said. Courses are designed to help learners:Identify and assess problems to find or create solutionsMake ethical, legal, sustainable and data-driven decisionsOperate and lead in complex business environments“In a program like ours, (students) can build their confidence as researchers and develop their academic voice, which in turn supports their professional or consultative voice,” said Dr. Kimberly Blanchette, academic associate vice president of STEM and business programs at SNHU.Is Getting an MBA Hard?Like all types of graduate degrees, earning an MBA is intended to challenge you so you can advance as a professional. You’ll likely encounter new concepts and situations that can help you develop your skills in problem-solving, critical thinking, decision-making and people management, among others.Some MBA programs approach course material with practical applications in mind. At SNHU, for example, MBA courses use scenario-based learning, allowing students to consider their approach to realistic business problems and decisions. This means you’ll be better prepared to apply learning outcomes to situations that arise in your professional life.It’s important to note: You won’t be going through the program alone, even if you’re earning your MBA online. Your instructors are there to provide clarity and support as you work through subject material — and they can answer questions you might have along the way. Some schools also offer free tutoring services available to you no matter what day or time you’re completing coursework.Should I Get an MBA?As a business professional, you can benefit from an MBA in many ways, including increasing your knowledge of advanced business concepts and strategies and gaining greater flexibility in your career options. The Graduate Management Admissions Council (GMAC) conducts an annual survey of hiring managers and recruiters. The group’s 2022 Corporate Recruiters Survey shows 92% of the U.S. companies that responded planned to hire people with MBAs (GMAC 2022 PDF Source).*[Image: A blue infographic with the text GMAC survey shows 92% of U.S. companies plan to hire MBA grads in 2022]An MBA can be a tool to advance your career in nearly any industry, from business to finance and in disciplines such as engineering, information technology and healthcare."Everything is business as you progress up the ranks of leadership," said Kate Noor, an academic advisor and adjunct faculty at SNHU. "An MBA is great for those in a 'traditional' business setting, but every industry has room for an MBA in some capacity. What you learn is beyond just crunching numbers. You’re also learning how to motivate your workforce and how to be an ethical and effective leader."[Image: Terrell Wong with the text Terrell Wong]Terrell Wong ’19MBA, a director on Major League Soccer’s LA Galaxy partnership activation team, earned his MBA online at SNHU. He said it improved his understanding of business in general, but also some of the projects the Galaxy and its parent company, AEG, are involved in. In addition to having the credential under his belt — and on his resume — he said the program deepened his knowledge and skills, preparing him for new career opportunities.“For me, to get the MBA in Marketing… has really given me an opportunity to open up and jump at any opportunity that comes,” he said.What Does an MBA Do for You?Earning an MBA is ideal if you’re interested in advancing on the corporate ladder. While it depends on the size and type of company you work for and your professional experience, most MBA holders are qualified for middle or senior-level management positions, Carpen said.[Image: Kelly Charest with the text Kelly Charest]“When it comes to the professional value of earning an MBA, the driving factors usually include enhanced marketability, earning potential, transferability, domain knowledge and skill sets that are essential to the business environment,” she said. “An MBA program develops a person’s critical, creative and strategic thinking all within the scope of starting, running or growing an organization.”For Kelly Charest ’21, an MBA unlocked new possibilities for her. She started her MBA program hoping to advance her career, and upon completing her degree, she did just that.“Within a few months of graduating, I received a job offer for a position that offered me a great deal of advancement and promotion,” said Charest.An MBA Gives You a Recognized Credential[Image: Dr Kimberly Blanchette with the text Dr Kimberly Blanchette]An MBA from an institution accredited by the Accreditation Council for Business Schools and Programs (ACBSP) or another major accrediting body carries a certain prestige and reputation — one that is recognized around the globe. That’s because graduates with an MBA are generally considered masters in understanding business, especially from a strategic leadership perspective.“It’s a respected credential that signals to employers a person’s ability to look at business administration in a holistic, strategic manner while also understanding how the specific functional units work separately together,” Blanchette said.More companies than ever are planning to hire new MBA graduates, and recruiters are increasingly trusting of the training and education a business degree provides, according to GMAC. Since more recruiters think business degrees successfully prepare workers for the field, these degrees now have more real-world value.An MBA Can Improve Your Versatility and Stability[Image: A blue infographic with the text An MBA can: Give you a recognized credential; Improve your versatility and stability; Help you network; Increase your earning potential]Technology, including artificial intelligence and machine learning, is changing or even disrupting entire industries.“In the long term, MBA graduates are much more versatile employees with regard to where and how organizations can make the best use of their talents,” Blanchette said. “As technology takes care of the more basic types of tasks or services, employers want people who can critically think and reason, who can analyze and leverage data, which is what an MBA prepares a person to do."The knowledge and skills of MBA graduates prove advantageous across various disciplines, industries and organizations, especially relative to other master’s degrees.For example, when comparing an MBA to a master’s degree in a related field (such as information technology, accounting or data analytics), the MBA offers a cohesive, well-rounded curriculum, which can benefit a range of professionals, whether they’re in strategic, operational, generalist or specialist positions.“That’s really the driving force behind the ‘MBA preferred’ language you often see included in position descriptions,” Carpen said.An MBA Can Help You NetworkAnother benefit to being enrolled in an MBA program is the networking and connections learners make with the faculty, classmates (who are often fellow professionals or entrepreneurs), alumni, guest speakers and more.Upon graduation, you’ll also enter into your institution’s alumni network — and at a university like SNHU, that’s over 200,000 alumni. This is a valuable resource that allows you to connect with and learn from a growing number of MBAs for years to come.In addition, both before and after graduating, MBA students and degree holders can often join professional associations, such as the:Association of MBAsNational Black MBA AssociationReaching Out MBAAn MBA Can Increase Your Earning PotentialThere are also salary considerations when thinking about earning your MBA. According to GMAC, median starting salaries for MBAs at U.S. companies were estimated at $115,000 in 2022.* That’s almost double the average salary for workers in the United States, as noted by the U.S. Bureau of Labor Statistics (BLS).*An MBA also might help you land a higher-paying role at your current place of work. BLS noted some of the best-paying business positions and their average salaries in 2022:Chief executives: $246,440 per year*Financial managers: $166,050 per year*Marketing managers: $158,280 per year*Sales managers: $150,530 per year*What Can I Do With an MBA?[Image: Dr. Katie Carpen with text Dr. Katie Carpen]One of the most critical steps to finding success with your MBA degree is applying your learning to the real world, whether that’s in your current job, embarking on a new career path or even launching your own entrepreneurial endeavor.As a business generalist, you can fill a variety of functions at a company. Carpen recommended identifying where there are frequent job openings and your career goals. If you notice any overlap, that could be a perfect focus for your studies. In many MBA programs, you will have the opportunity to personalize your degree and advance your expertise in a specific area of business with elective courses or degree concentrations. Be sure to research concentration options at your university; there may be many you aren’t aware of — at SNHU, for example, there are 17 different concentrations to consider."For instance, an MBA with a concentration in business intelligence, operations management or project management may provide more career opportunities within the respective fields," Carpen said.The types of MBA concentrations can include both general business fields and industry-specific subjects, such as:MBA in Business AnalyticsMBA in FinanceMBA in Healthcare ManagementMBA in Human ResourcesMBA in Project Management[Image: Cristina Velez and the text "Cristina Velez"]You can also begin your program, see what types of courses best grab your attention, and then decide how to focus your degree.“Our advice to students that are unsure of MBA concentrations is to work on core classes first and decide at the end of the program which area they were more attracted to or enjoyed the most," said Cristina Velez, an assistant director of academic advising at SNHU. "We also advise students to go talk to their career advisor and navigate the different careers in different business areas, to make sure they choose a concentration where they will see themselves succeed."Dr. Thomas Scott ’15MBA had already completed his undergraduate degree, medical school and a 4-year residency and was leading a series of urgent care centers when he decided he needed to learn the language of business. It was an MBA degree that helped him develop the skills he needed.[Image: Dr. Thomas Scott with the text Dr. Thomas Scott]“As I got further along in my professional career, I realized the need for more education,” Scott said. “I didn’t think about it until I was far into the administrative part, thinking the people sitting in front of me were speaking a language I didn’t. That’s when I realized I needed to go back (to school) and learn it. I need to understand what these people were saying if I wanted to work forward.”Scott chose a concentration in healthcare informatics, which paid dividends in his role leading a small team of administrators.“A lot of my MBA comes into play because we have a lot of decisions to make, and we’re not a giant corporation with people telling us what to do,” he said.Adding a specialization within your MBA program can also help make you uniquely qualified for specific roles within a company. The GMAC 2022 Corporate Recruiter’s Survey found that hiring demand was highest in healthcare, consulting, technology and energy/utility industries.A 2019 version of the report goes on to identify the top jobs by industry (GMAC 2019 PDF source):Consulting: Information technology, engineering management and economicsEnergy: Engineering management, information technology, economicsFinance/Accounting: Economics, information technology, risk managementHealthcare: Health administration, marketing, supply chain managementTechnology: Information technology, engineering management, supply chain managementManufacturing: Supply chain management, engineering management, information technologyNonprofit/Government: Public administration, health administration, educational leadershipProducts/Services: Marketing, supply chain management, information technologyMBA Degree Requirements and PreparationWhile MBA admission rules often vary among programs and institutions, a bachelor’s degree is a standard requirement to enroll in any master’s level program.Prerequisites for an MBA: Earn a Bachelor’s DegreeWhile having prior business education experience can be beneficial when enrolling in an MBA program, most programs do not require that an applicant hold a business degree to apply."Earning an MBA is an option for any learner with a bachelor’s degree," Carpen said. "Most MBA programs require students without a bachelor’s degree in business to complete prerequisite foundational courses in core business content, such as business math, statistics, finance, accounting and economics."You may also be able to use approved prior learning assessments or testing tools to prove your knowledge in these content areas and meet program requirements while saving time and money on foundational courses, Carpen said.Find the Right Program: Consider Goals, Do ResearchOnce you’ve decided to go back to school, it’s important to consider your reasons for getting an MBA. With so many programs available, knowing what you want will help you find the right one.For example, going to school might be your full-time job right now, and you prefer to learn in person. Attending a traditional brick-and-mortar college could work for you. Or, maybe you’re working and supporting a family, and going to school online is the best option.Some online programs offer rolling admission and terms year-round, meaning you can start and finish faster. At SNHU, for example, you can earn your MBA online in just over one year if you take two classes at a time.Know what’s important to you when it comes to earning an MBA and do your research.The Application Process: Gather Necessary MaterialsMost universities require a graduate application and undergraduate transcripts from the college or university where you completed your bachelor’s degree, according to the Princeton Review.Some programs might also have other requirements, such as sitting for an admission interview or submitting an essay, resumé or letters of recommendation. You might also be asked to take an entrance exam.Many schools require the Graduate Management Admission Test — or GMAT — to assess analytical writing, integrated reasoning, quantitative and verbal skills, and some use GMAT results to determine admission eligibility. But like many standardized tests, the GMAT’s effectiveness has long been debated. Does it accurately measure subject knowledge or how well a person prepares for a specific test?Some schools, including SNHU, have designed MBAs that don’t require GMAT scores. This saves you time and money. By not having to shell out a few hundred dollars per test, you could put those savings toward books for your first few classes. While costs are a concern, the other big place that people like to save comes in the form of time. Preparing for the exam can be time-consuming, especially for adult learners who are already carving out time to further their education.Consider Costs: How to Pay for Your DegreeAnother essential step toward enrolling in an MBA program is determining how you’ll pay for your degree. Luckily, there are several approaches you can consider.Financial aid may be available for those who apply and qualify through the Federal Application for Financial Student Aid (FAFSA). Private student loans may also be an option to finance your degree, and there are many types of scholarships that might be of interest to you.If you’re earning your MBA while working full-time and hoping to advance your career within your current organization, you may also qualify for tuition reimbursement as an employee benefit. Be sure to check with your human resources department about any educational benefits your company offers.[Image: Kate Noor with text Kate Noor]While there are not as many MBA scholarships available as undergraduate scholarships, there are some opportunities if you’re willing to put in the time and effort to apply for them, Noor said."Every school has different options, so always do your research, as you should with any large investment of your time and money," she said. Don’t be afraid to reach out to your college or university’s Student Financial Services office to speak with a counselor about your options.Charest earned her bachelor’s in communication at SNHU and thought it was a no-brainer to continue on to her MBA. She knew the cost was reasonable, and the online courses were worth it for the education and support she would receive.“The price was comparable if not better than other options, but being an alumnus, it allowed me to just step right back in with a lot of ease,” said Charest. “I also enjoyed how responsive, helpful and proactive the academic advisers were.”And be aware that there are big differences in tuition costs between the MBA programs at different universities. By doing your homework, you can determine which school offers the MBA program that is the best value for achieving your goals.Is it Worth Getting an MBA?An MBA can be beneficial to business professionals for many reasons. Some of the main benefits Carpen cited included:Developing an authoritative voice through critical and strategic thinkingEnhancing your knowledge, skill set and ability to make evidence-based decisionsStrengthening your professional communication skillsIncreasing your marketability by earning a degree that mixes the hard and soft skills employers are looking forBefore embarking on her career in higher education, Carpen was a recruiter for Fortune 500 companies and found that those employers were interested in hiring MBA holders because they are known for their "critical, creative and strategic thinking to start, run or grow an organization."Especially if you are like so many professionals interested in an MBA who already have a full-time career as well as family responsibilities to balance, an online program may give you the flexibility you need. Studying online can allow you to fit your learning into your daily life, taking as many courses each term as you can handle and accessing course materials at the times that work best for your schedule."It’s all about finding the balance that works for you," Noor said. "At the end of the day, take the time you need to do well. And make sure you take some time in your week to do something for you. … Make sure you are prioritizing what is important, whatever that looks like for you. Without these things, you cannot learn properly."Discover more about SNHU’s MBA program: Find out what courses you’ll take, skills you’ll learn and how to request information about the program.*Cited job growth projections may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth. Actual salaries and/or earning potential may be the result of a combination of factors including, but not limited to: years of experience, industry of employment, geographic location, and worker skill.Joe Cote is a staff writer at Southern New Hampshire University. Follow him on Twitter @JoeCo2323.Explore more content like this article[Image: A group of professionals discussing what operations managers do]What Does an Operations Manager Do?Sep 21, 2023BusinessWhether building processes for multi-national businesses or identifying logistical hurdles to save costs, operations managers keep organizations running. If you’re interested in driving efficiency at work, see if operations management is the right career path for you.[Image: Two human resources professionals in discussion at a meeting.]A Closer Look: What is Human Resources?Sep 20, 2023BusinessHuman resources is an integral part of any organization, playing a key role in the strength and vitality of its workforce. While HR roles can vary, the overall goal of the field is the same: to support employee recruitment, retention, engagement and overall productivity.[Image: Two professionals with business degrees reviewing information on a laptop.]What Can You Do with a Business Degree?Sep 19, 2023BusinessA business degree is a course of study that allows you to explore the business world. Studying business offers students a lot in terms of preparation for the workplace. Being skill-forward and workplace-relevant keeps business degrees positioned as one of the most popular degree fields around.About Southern New Hampshire University[Image: Two students walking in front of Monadnock Hall]SNHU is a nonprofit, accredited university with a mission to make high-quality education more accessible and affordable for everyone.Founded in 1932, and online since 1995, we’ve helped countless students reach their goals with flexible, career-focused programs. Our 300-acre campus in Manchester, NH is home to over 3,000 students, and we serve over 135,000 students online. Visit our about SNHU page to learn more about our mission, accreditations, leadership team, national recognitions and awards.Daniel is a MarketWatch Guides team writer and has written for numerous automotive news sites and marketing firms across the U.S., U.K., and Australia, specializing in auto finance and car care topics. Daniel is a MarketWatch Guides team authority on auto insurance, loans, warranty options, auto services and more.WriterEdited by:Rashawn Mitchner,Edited by: Rashawn Mitchner Managing EditorRashawn Mitchner is a MarketWatch Guides team editor with over 10 years of experience covering personal finance and insurance topics.Senior EditorFor the most part, getting new car insurance is pretty similar to buying coverage for any other vehicle. There are some particulars, however, and you may have different needs when it comes to insuring a new car than if you were protecting a used one.We at the MarketWatch Guides Team take an in-depth look at how to get auto insurance for a new car, from the essential types of coverage to how much it might cost you. We also share a few recommended providers from our 2023 list of the best car insurance and cheapest car insurance companies to help you get started.Key Takeaways:Most dealers and dealerships require you to have car insurance before you purchase a new vehicle.Some insurance companies offer a grace period, which allows you to purchase and drive a new vehicle for a set amount of time without starting a new insurance policy.The best way to get new car insurance is to shop around and get car insurance quotes to find the right provider for you.Related Resources Cheapest Car Insurance 10 Largest Car Insurance Companies in the U.S. Best Car Insurance Companies Average Cost of Car InsuranceIn this review:When To Buy Insurance for a New CarHow Much Does Insurance Cost for a New Car?How To Get Insurance for a New CarNew Car Insurance CoverageNew Auto Insurance: The Bottom LineNew Car Insurance: FAQCompare Car Insurance RatesAnswer a few simple questions to save money on your policyCompare Rates×Compare Car Insurance RatesGet matched with a top provider and compare instant quotes in just a few clicksCompare RatesPowered byWhen To Buy Insurance for a New CarYou should get insurance for a new car as soon as possible since most vehicle dealerships require proof of insurance before you drive off with a new vehicle. However, when you need to get the insurance depends on whether the dealer offers a grace period, which gives you time after purchase to get a car insurance policy. Even with this in mind, we recommend that you compare policies from multiple car insurance providers before purchasing a new car.New Car Insurance Grace PeriodIf a company offers a grace period, it typically lasts seven to 30 days from the date of purchase. This grace period is a set amount of time in which you’re allowed to drive your vehicle without starting a new insurance policy. Whether you have a grace period depends on a few factors, including:Insured status: One reason you may have a grace period is that you are rolling over your previous insurance policy into a new one. In this situation, your old coverage types and limits may apply until a new car insurance policy starts.Insurance company: Grace period rules can vary significantly by insurer. For example, Progressive allows for a 30-day grace period, while some providers have none at all.Since grace periods vary from company to company, it’s best to figure out exactly what your policy will allow for. You can find this information in the fine print of your contract, but it may be easier to ask an insurance agent.When Does a New Car Insurance Policy Start?If you buy insurance before taking ownership of a new car, the policy will begin the moment you drive your vehicle off the lot. This is often required by dealerships because it’s illegal for anyone to drive without auto insurance.You’ll need the following information on hand to start a new car insurance policy before buying the vehicle:Purchase priceVehicle identification number (VIN)Your contact informationMost car insurance providers will be able to start your policy within 24 hours. You can even find same-day insurance from many auto insurance companies.How Much Does Insurance Cost for a New Car?According to our research, the national average cost of full-coverage car insurance is $1,730 per year. Your premium, however, is likely to vary based on personal and car-specific factors.Technically speaking, whether a car is new or used doesn’t factor into your premiums. However, you’ll see rates go up for a new car if it’s more expensive overall than your previous car.Best Insurance for New CarIn our research, we found that State Farm tends to be the best overall car insurance provider due to its affordable rates, coverage options and customer service. However, there are several other providers worth considering as well, if you’re looking for the best insurance for your new car.Car Insurance Provider Overall Rating Annual Cost EstimateState Farm 9.3 $1,481USAA 9.2 $1,054Geico 9.1 $1,308Erie Insurance 9.0 $1,238Travelers 9.0 $1,669Liberty Mutual 9.0 N/AAuto-Owners Insurance 8.8 $1,337Progressive 8.7 $1,611Nationwide 8.7 $1,281Country Financial 8.6 $1,295What Factors Affect New Car Insurance Costs?The value of your vehicle is just one of many factors that insurers use to determine premiums. When you insure any vehicle, new or used, several things are taken into account, like your age, driving history and credit score.[Image: Icons showing the factors that influence the cost of car insurance]Here are additional factors that affect the cost of car insurance:Age: Younger drivers and especially teen drivers typically pay higher premiums than drivers in other age groups. How long you’ve had a driver’s license can also be a factor, as experience usually leads to responsible driving behaviors.Driving history: A clean driving record gives you access to the lowest rates. Any at-fault accidents, speeding tickets or driving under the influence (DUI) violations could greatly boost your premiums.Credit score: In states where it’s legal, insurance companies typically charge drivers with poor credit scores more for coverage than those with average or good scores.Location: Car insurance rates vary from state to state, but they also vary within states. Those in New York City or in one of California’s urban areas will often pay far more for coverage than drivers in rural regions nearby.Marital status: Some insurance companies charge married drivers less for coverage than drivers who are single.Types of coverage: The types of insurance that you include on your policy make a big difference in what you’ll end up paying. Minimum coverage policies will usually be the cheapest, with additional coverages increasing your cost.Coverage limits: The limits you set for insurance coverage play a major role in your premiums. Generally speaking, your monthly premiums will be less if you have lower coverage limits.Deductible: Your deductible, which is the amount you’ll pay out of pocket for repairs or a total loss claim, can also affect your insurance premium. In most cases, your premium will be less if you have a high deductible on your new car insurance policy.Discounts: Most insurance companies offer discounts on their coverage. One of the most common is a bundling discount for combining your auto insurance policy with other insurance products such as homeowners, renters or life insurance.How To Get Insurance for a New CarBuying a new car insurance policy is mostly the same as getting insurance for any other car. With most insurers, you should be able to find coverage, purchase it and start your policy while you wait at the dealership.Getting New Car InsuranceThe process for getting new car insurance coverage is relatively simple. You’ll just need to follow these steps:Prepare the information needed to start getting quotes. This includes the car’s VIN number, purchase price and your contact information.Start shopping for free quotes. You can compare car insurance quotes online quickly and easily with most providers. We recommend getting estimates from at least three providers before making a decision.Choose your insurance provider and plan. Pick the quote that offers you the best combination of cost and peace of mind. You should be able to start your auto coverage policy almost immediately.Give the dealership your new insurance card. Most companies now offer a mobile app that allows you to pull up your insurance card whenever you need it. You’ll be able to send this to the dealership to get your keys, usually through an emailed PDF copy.New Car Insurance CoverageFor the most part, new cars don’t require any different types of insurance coverage than other vehicles. The kinds and amounts of coverage you need depend on other factors, such as where you live and whether your lender has extra requirements if you take out a new car loan.[Image: A table that shows what the six standard types of insurance do and don’t cover and where they’re required]State Minimum New Car Coverage RequirementsEach state has its own minimum insurance requirements. Usually established by the state’s department of motor vehicles (DMV) or a similar agency, these standards often vary widely.You can find your state’s requirements and our recommendations for providers with cheap rates by clicking your state on the map below:Click a state to learn more about the cheapest providers in that state.COMPARE RATESStandard Types of Required New Car InsuranceState minimum requirements are almost always made up of some variation of the auto insurance coverage options listed below.Bodily injury liability insurance: Covers lost wages and medical bills for other parties in an accident for which you’re found at fault.Property damage liability coverage: Covers the cost of damages to other vehicles and property involved in an accident that you caused.Personal injury protection (PIP): Covers medical expenses and lost wages for you and other members of your party, no matter who caused an accident.Medical payments (MedPay): Covers medical bills but not lost wages for you and your party, regardless of who is found at fault for a collision.Underinsured motorist/uninsured motorist coverage: Covers your property and injury claims if an at-fault driver doesn’t have sufficient coverage to pay for them.New Car Insurance RequirementsSome lenders require borrowers to carry new car insurance add-ons that cover damages to the vehicle in every circumstance. This is meant to protect the lender’s financial interest. That’s why you may be required to carry additional coverage options like these if you take out a loan to buy a new car:Collision coverage: Covers damages to your vehicle regardless of who is found at fault for an accident.Comprehensive coverage: Covers damages to your vehicle from sources other than accidents such as fires, theft or vandalism.Gap insurance: This type of insurance covers the difference between what you owe on a vehicle and what it’s worth in the event of a total loss.Loan or lease payoff: Covers the remaining balance on an auto loan or lease in the event of a total loss.New Car Insurance Additional Coverage OptionsWhile standard options are mostly the same from one provider to the next, many insurance companies differentiate themselves through additional choices. Many of these add-ons help to manage other aspects of new car ownership, such as breakdowns and emergencies.Some of the most common optional coverages you’ll find are:Roadside assistance: Covers the cost of emergency roadside services such as towing, fuel delivery and flat-tire repair or replacement.Rental reimbursement: Covers the cost of a rental car while your vehicle is being repaired or replaced.Mechanical breakdown insurance (MBI): Covers repairs to certain car components following a breakdown, similar to an extended car warranty.Rideshare insurance: Covers you during downtime if you drive for a rideshare company like Lyft or Uber.Travel expenses: Covers food, lodging and other travel costs if you can’t use your car following a covered loss away from home.Most auto insurers offer unique lineups of optional new car insurance coverages. You can learn about all available options as well as what each plan covers by speaking with an agent.[Image: List of common services found with roadside assistance programs at insurance companies]New Auto Insurance: The Bottom LineIt’s best to get auto insurance for a new car before you buy it — and in many cases you’ll be required to. Thankfully, you have the ability to quickly get car insurance quotes online or over the phone with policies that can start the same day, if needed. We recommend that you compare car insurance quotes from multiple insurers before purchasing a new vehicle.New Car Insurance: Recommended ProvidersIt’s so easy to shop around for car insurance that you can probably do it while you wait for the financing department or another delay that’s involved in buying a car. Our team recommends State Farm and Travelers as good places to start your search.State Farm: Editor’s ChoiceState Farm is the nation’s largest insurer and it earned the highest score of all providers in our 2022 insurance study. Drivers can often find inexpensive new car insurance through State Farm, and the company also offers an extensive selection of additional coverage options. With a large number of insurance discounts to choose from, State Farm policyholders can get the coverage they want at affordable rates.Keep reading: State Farm insurance reviewTravelers: Most Coverage OptionsPeople looking to cover as many parts of their new cars or motorcycles as possible may want to look at Travelers. In our 2022 insurance study, we found that the company has an ample coverage portfolio, with many of Travelers’ choices appealing to owners of new vehicles. For example, Premier New Car Replacement® will cover the cost of a brand-new replacement of the same make and model in the event of a total loss.Keep reading: Travelers insurance reviewCompare Car Insurance RatesGet matched with a top provider and compare instant quotes in just a few clicksCompare RatesPowered byNew Car Insurance: FAQBelow are some frequently asked questions about new car insurance.Our MethodologyBecause consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.Here are the factors our ratings take into account:Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.Our credentials:800 hours researched45 companies reviewed8,500+ consumers surveyed*Data accurate at time of publication.Related ArticlesHow To Buy Car Insurance OnlineCan You Get Car Insurance With No Credit History?Car Insurance When LeasingWhat Are the Cheapest Cars To Insure? (2023)Why Did My Car Insurance Go Up?Why Is Car Insurance Mandatory?Why Is Car Insurance So Expensive?Car Insurance PremiumsNew Car InsuranceTypes of Car InsuranceHow A Speeding Ticket Affects Your Car InsuranceWhat Is Comprehensive Insurance?

Go beyond a traditional MBA and conventional thought by pushing the limits of what a Full-time MBA degree can provide. Ranked among the best Full-time MBA programs, Emory’s Two-Year MBA is the only top-20 MBA program with world-class academics and small-by-design classes delivered in a dynamic, global city.The Emory Full-time MBA degree offers the best of everything…intimate classes where you’ll receive high-quality, personalized feedback from professors and get to know your classmates, unique experiential learning opportunities to maximize learning, access to a global business city with startups and Fortune 1000s alike, and an internationally-recognized MBA degree.Our thoughtfully designed, comprehensive Full-time MBA degree delivers problem-solving and leadership skills to ensure you are “Day One Ready.” Through client-focused projects, hands-on leadership training, and immersive global exposure, you’ll customize an academic experience aligned to your professional and personal goals.Goizueta consistently ranks among the best Full-time MBA programs for employment because we develop our career services to support your individual career goals. Access internship prep before you even set foot on campus and work with a personal career coach matched to your interests. At Goizueta, you’ll find invaluable resources and engaged alumni to support every step of your career journey.Skip to main content中文University of Western AustraliaLOGINSEARCHMENUUNKNOWNMaster of Business Administration (MBA) IntensiveOur MBA Intensive gives you the opportunity to enhance your career prospects through more direct contact with business leaders and a personalised leadership development program.Save ApplyCOURSE DETAILSCAREERS & FURTHER STUDYFEES & SCHOLARSHIPSADMISSION REQUIREMENTSHOW TO APPLYCONTACT USSAVEAPPLYCourse detailsIn this accelerated program, our cohort-based MBA Intensive offers an accelerated course of study that will enhance your career prospects anywhere in the world. The strong leadership focus is tailor-made for the next generation of leaders and influencers.The UWA MBA experienceThe practical business and leadership skills that you will acquire from an MBA makes it one of the most valuable graduate degrees for your career. An MBA provides you with a competitive advantage in the job market by equipping you with the knowledge, skills and professional network to add immediate value to your organisation. An MBA can also adjust your career goals, lead to new opportunities and open new pathways to success that were not available to you before.The right MBA can transform your career by changing the way you think about yourself, your potential and the world around you.An MBA from UWA, Western Australia’s leading university, will give you the very best chance of achieving your career aspirations.The classroomAt UWA, we focus on not only what you learn, but how you learn. Our teaching methods help you acquire a deep understanding of all areas of business, which allows you to apply what you have learned for the rest of your career.Our School uses a variety of teaching methods that extend well beyond traditional case studies and one-way lectures. A unique advantage of the UWA MBA is that all of our teaching School staff are active researchers and practitioners who are at the frontiers of their fields and this will make your classroom experience richer and more rewarding.During your MBA at UWA, you will also have the opportunity to learn from numerous senior industry leaders (including CEOs and Board members of some of Australia’s largest companies), both in-class and through our extra-curricular Masterclass Series and our Strategy and Leadership ForumExperiential learningOur MBA courses have incorporated experiential learning for more than 30 years. Working alongside UWA Business School, fellow students and corporate partners, you will quickly begin to understand the complexity of the challenges faced by business leaders today, and by working on real-world case studies and projects, you will quickly begin to apply your knowledge to address such challenges.Team learningPerhaps the most engaging aspects of the program is that you will learn in collaboration with an experienced cohort of professionals. Study groups, team projects, and extracurricular activities afford opportunities for you to support one another. Courses like Negotiation Behaviour and Organisational Change and Transformation provide opportunities for you to challenge one another. And through it all, you will develop strong relationships with your classmates that will last throughout your career.Our staffAt UWA, you will be taught by UWA Business School staff that are at the frontiers of knowledge in their fields. Our MBA teaching staff have extensive experience in the classroom at the postgraduate level. But not only are our MBA teaching School staff world-class professional educators, they also have extensive commercial experience, which ensures that your professional development is in the very best of hands.Meet a selection of our MBA teaching staff:Dee RocheAdam ParrProfessor Phil HancockAssociate Professor Warrick Van ZylProfessor Allan TrenchAssociate Professor Jo SneddonAssociate Lecturer Jenny HoffmanDr Richard GrunerProfessor Paul FlatauDr Sandra Kiffin-PetersenProfessor Raymond da Silva RosaProfessor Tim MazzarolProfessor Ray FellsProfessor Alison PrestonDr March ToPeter Van OnselenDr Glen HutchingsAbout the courseIf you are seeking career progression, then an MBA from UWA will provide you with the technical expertise, interpersonal skills, agility and confidence required to transform your future.As Western Australia’s leading MBA program, and one of the highest-ranked MBA programs in Australia, you will be challenged to expand your business knowledge, sharpen your critical thinking and decision-making skills and boost your leadership potential.UWA attracts brilliant people, so there is no better place to learn, explore, network and pursue your goals in a highly collaborative and innovative environment.View full detailsMASTER OF BUSINESS ADMINISTRATION INTENSIVEQuick detailsSTATUSAvailableLOCATIONSPerth (Crawley campus)ATTENDANCEFull-timeDELIVERYOn-campusSTARTING DATESEvery JanuaryLEVEL OF STUDYUnknownCOURSE CODE43520CRICOS CODE081415FView full details#1 in Oceania for Alumni OutcomesUWA’s MBA program is ranked number one in the Oceania region for Entrepreneurship and Alumni Outcomes (QS World University Rankings 2021 Global MBA Rankings).Ranked Top 100 in consulting specialisationUWA has been ranked in the top 100 universities globally for its MBA program consulting career placements for graduates (QS Career Specialisation Rankings for 2021).The MBA career specialisation rankings collect data from more than 37,000 global employers as well as from millions of research publications and seeks to analyse career placements of MBA graduates globally.In the QS Career Specialisation Rankings, UWA performed strongly in the QS assessment of research strength, combining full-time MBA research and MBA specialisation research. The MBA program also performed strongly in career placements, which combines insights from graduates entering industry, functions and starting their own businesses.KEYSTONE UNITAuthentic Leadership ProgramJenny HoffmanAssociate Lecturer Jenny Hoffman is a highly experienced leadership consultant and coach who coordinates the unique Authentic Leadership Program, a keystone of the UWA MBA Intensive:"My aim is to provide a transformational space where participants can go on a journey within, unlocking leadership ‘mindtraps’ and transforming self-limiting beliefs. To discover their Aspirational Purpose and Values and to start to let go of the expert’s mindset and become more curious. This willingness to dwell in the unknown creates the opportunity to lean into the emerging future while staying present, curious, compassionate, and courageous."View full detailsNatalie SimNatalie SimFind out moreINTERNATIONAL STUDY TOURSMBA students visit LinkedIn office at San Francisco, United Statesmba students at linkedin in san franciscoUWA MBA students have the opportunity to undertake an international study tour. During a tour of the LinkedIn office at San Francisco, students were exposed to the latest developments in advanced data analytics and changes to the future of work. They also visited on-demand streaming video platform Kanopy, automotive and energy company Tesla, network startup accelerator and corporate innovation platform Plug and Play, and the Knight Management Center at Stanford University, among other businesses.MEET THE UWA BUSINESS SCHOOLDee RocheJenny Hoffman"My role is to prepare students for the relentless and ever-accelerating rate of change."–Dee RocheDee specialises in leadership, strategic change and transformation. She has won multiple teaching awards and coordinates the popular MBA Organisational Change and Transformation unit.STUDY OPTIONSMBA FlexibleYou can also study this on a part-time basis through our similar Master of Business Administration (Flexible) course.MASTER OF BUSINESS ADMINISTRATION INTENSIVEImportant datesINTAKE PERIODSJanuary 2024APPLICATION OPENOpen nowVisit the MBA (Intensive) course page for more information on scholarships.APPLICATION CLOSESunday 3 December 2023Sunday 3 December 2023Refer to Admissions Requirements for information on eligibility criteria and how to apply.Course structurePostgraduate coursework degrees and combined (coursework and research) degrees comprise a number of units. Refer to the course structure for more information.Course structure detailsUWA MBA graduates earn highest salaries nationallyGraduates of the UWA MBA program earn the highest salaries in Australia, almost $200,000 per annum after completing their course, at an average age of 34 (QS Top Universities Global MBA Rankings for 2021).STUDY OPTIONSMBA IntensiveVarious study modes are available. Below are example study plans for the 12, 15 and 18-month study modes: these all commence with the same dedicated orientation session in January, where the incoming cohort will meet and begin preparing for the program together.Table of MBA Intensive study planTo talk through your preferred study modes and length of program that suits your career, please speak to our Future Students Advisers: future-mba-business@uwa.edu.au.View full detailsMBA newsMBA (Oil and Gas)Our new MBA specialisation in Oil and Gas, which is taught face-to-face on our Crawley campus, is the only program of its kind in Australia. These courses are taught by our world-class UWA Business School and expert practitioners, and will be of interest to those currently working in the industry and seeking to develop industry-relevant commercial skills or those considering a future career in the oil and gas industry.These courses can be supplemented by our regular masterclass series. Recent industry speakers have included Richard Goyder (Chairman, Woodside), Zoe Yujnovich (Executive Vice President, Shell Australia) and Meg O’Neill (Executive Vice President Development and Marketing, Woodside). Upcoming speakers include Al Williams (Managing Director, Chevron Australia).The following elective units are available:ECON5504 Global Energy and Mineral MarketsMGMT5239 Oil and Gas Sector ManagementMGMT5240 Project Management in Oil & GasFINA5601 Valuation and Risk Analysis for Resource CompaniesMGMT5524 Strategic Management of Resource CompaniesLAWS5589 Australian Oil and Gas LawLAWS5532 Oil and Gas AgreementsLAWS5111 Corporate Governance for Resources CompaniesLAWS5521 Climate Change Law and Emissions TradingGENG4410 Fossil to Future – The TransitionOCEN4003 Strategic Leadership for the Blue EconomyThese units are available in both the MBA Intensive and MBA Flexible programs.What to look for when choosing an MBA programMBA students in class at UWAIf you’re considering undertaking an MBA or MBA pathway graduate certificate, it’s important to weigh up your options carefully before deciding which program to join.International study optionsNumerous international study options exist within the UWA MBA.A highlight of many of our students’ programs is our annual International Study Program (MGMT5618), which you can take as an option unit towards your MBA. The two most recent tours took our students to San Francisco and Silicon Valley. Students spent a day at Stanford University receiving lectures from Stanford professors in the areas of innovation and entrepreneurship. Company visits included Google, Linkedin, Kanopy, Kahn Academy, and a tour of the Tesla factory, among many others. Cultural activities included a visit to the Napa Valley, a walking tour of the Golden Gate Bridge and lunch in charming bayside Sausalito.Many of our students also take intensive courses at other leading universities overseas and credit these courses towards their UWA MBA. We have special exchange arrangements with the universities below, however, you are not restricted to studying at only these universities in seeking out an international MBA experience.In recent years, our MBA students have studied at Harvard, MIT, Stanford, and more, as part of their UWA MBA.Student exchange opportunities-WHU Otto Beisheim School of Management – Vallendar, Germany-Queen’s University – Kingston, Canada-University of New Mexico – Albuquerque, United States-Waseda University – Tokyo, Japan-University of Alberta – Edmonton, Canada-McMaster University – Hamilton, Canada-Haskayne MBA Summer Program – Calgary, Canada-Queen’s University MBA Summer Enrichment Program – Kingston, Canada-St Gallen’s Short Term MBA Program – St Gallen, Switzerland-WHU – European MBA Summer Institute – Vallendar, GermanyMore details of our international study opportunities as a UWA MBA student are available through the UWA Global Studio.Meet our 2021 cohortWe would like to introduce to you our impressive full-time MBA students of 2021. The talented students have followed 12 months of intensive and experiential learning, been involved in a personalised Authentic Leadership program and participated in one-on-one mentoring from a senior industry leader.To find out more and to view the 2021 cohort, click here.Meet our MBA studentsLorraine PontiLorraine PontiBE (Civil Engineering), University College DublinMEngSc (Water Resources Research), University College DublinCurrent full-time studentPrevious positions• Project Manager (construction / production)• Deputy Sales DirectorPlease tell us about your career to date.I started my career as a project manager for the design and construction of industrial facilities in China. From there I moved to France and was responsible for product development (design, certification and manufacturing) of specialist components for the nuclear industry. Most recently I was working in business development for an engineering consultancy in Russia. I spent two years living in Argentina before coming to Australia. I have been involved in a number of charitable organisations addressing poverty and youth development.Where do you want to take your career after the MBA?My objective is to bridge my project management background and advance into a strategic management role. I am passionate about developing sustainable industries and would like to move into this sector. I am particularly interested in assisting firms and communities to address their impact on the environment through the use of renewable energy, recycling and resource management.Tell us about your experiences with the MBA Career Mentor Program.The career mentor program has just begun and I have been matched with an executive in the renewables sector. Soon we will meet our mentors and start a 5-month mentoring program. It’s an excellent opportunity to gain insight into my preferred sector, build up a professional network and identify future career possibilities.Stephanie RossiStephanie RossiBachelor of Commerce (Human Resource Management and Management), Curtin UniversityManagement Consultant (Manager), Nous GroupWhy did you choose UWA to do your MBA?I chose to do my MBA at UWA because it is one of the most distinguished MBA programs in Australia. An MBA at UWA also appealed to me as it provides flexible study options, access to bespoke mentoring programs and connects you with successful industry leaders.Where do you want to take your career after the MBA?In the immediate future, I would like to further progress my career in management consulting, with a focus on strategy. In the long-term, I hope to take up a senior strategy position in industry.What would be your advice to someone considering doing a UWA MBA?My advice would be to reach out to the UWA Business School and speak to the advisors and current students. Before applying, I connected with the Business School to discuss my potential options, my fit for the program and how it could benefit me. The advice and encouragement I received gave me the confidence that a UWA MBA was the right choice for me.Matthew Clark-MasseraMatthew Clark-MasseraBachelor of Electrical/Electronic Engineering, UWAOperations Manager, Digital Matter Pty LtdPlease tell us about your career to date.I joined Digital Matter (a GPS device manufacturer) in 2017 after completing my undergraduate at UWA. I began in the role of Technical Support Engineer, assisting clients with our products. Over my time, this role has grown to also include inventory management, becoming involved in the finance, as well as managing firmware, software and other engineering teams.Why did you choose UWA to do your MBA?I thoroughly enjoyed my undergraduate experience and UWA and everything it had to offer – especially the university experience outside of the coursework. Coming back to UWA was natural, but also I believe UWA has a well regarded program internationally, so was a strong choice.What has been the most rewarding aspects of the UWA MBA so far?The highly engaging workshops and seminars. These have helped me learn quickly and broadened my horizons. I am already applying new knowledge to my day-to-day life and work, half-way through my first unit! I have a fresh interest in business topics. As an engineer this is not something I thought I would enjoy quite as much as I have been – but the course content and delivery really makes it great fun to learn!Daisy ChenDaisy ChenBachelor of Economics, UWASupervisor Maintenance, BHPWhy did you choose UWA to do your MBA?I had a good experience in my undergrad at UWA, so it felt like the natural choice to come back and do my MBA here. The Flexible also allowed me to adjust my course load around work and life, and that balance is important to me.What has been the most rewarding aspects of the UWA MBA so far?Being amongst a high calibre of people who are genuinely interested in developing themselves to be better more well-rounded leaders. The strong sense of community. This has made a real difference to the experience, especially in making the transition to back to study with other commitments.Where do you want to take your career after the MBA?I am passionate about people and capability, STEM and the future of work. The MBA will support me in a role where I hope to enable the team’s leading these transformations.Adelaide BevilaquaAdelaide BevilaquaBachelor of Science, Conservation Biology and Management with honours, UWAAssociate Principal Marine Ecologist , BMT Commercial AustraliaPlease tell us about your career to date.I graduated from the University of Western Australia with a BSc (Hons) in Conservation Biology and Management in 2009, at which point I was already working on a casual basis for Oceanica (now BMT Commercial Australia), as a laboratory assistant. Shortly after graduation I was offered a full-time position and have been with the company ever since. As a junior consultant I was trained as a commercial diver and led marine monitoring programs throughout Western Australia. Over the last decade, I have gained experience managing and implementing small to large coastal and offshore marine infrastructure projects in the energy, resources, ports and harbours sectors. Specific technical and project experience includes provision of State and Federal regulatory approvals advice, feasibility and environmental impact assessments, operational compliance monitoring, environmental audits and scope development.Why did you choose UWA to do your MBA?I completed my undergrad at UWA and so I am probably biased. UWA does offer very flexible options for completing the MBA program but I was also interested in the access to premier guest speakers and social networking opportunities.What would be your advice to someone considering doing a UWA MBA?There are several people in my office interested in completing an MBA. My advice is to enrol, it is by far the hardest part of the degree. You can always defer, but once you enrol you start to receive information and get a feel for the degree structure, and it just isn’t as daunting anymore. Also, go to the information nights and ask questions. Everyone has similar apprehensions about starting post-graduate studies, which is refreshing.Future Students Courses Master of Business Administration IntensiveReport a problem on this page