How the AIB MBA program is adapting to business education trends in Canada

The Australian Institute of Business (AIB) has taken to the education system in Canada seamlessly by carefully recognizing and implementing requirements to align our MBA program with the latest business education trends across Canada. 

Through diligent research, our leaders understand and then fully integrate these trends, supporting each of our MBA graduates to be equipped with the necessary skills to meet the demands of the modern business world. In this article, we will explore the key trends that shape MBA programs in Canada and how AIB’s MBA program has been carefully designed to match them.

What are the key business education trends across Canada?

Let’s begin by discussing the key business education trends that have been emerging across Canada.

1. Online business education and technological advancements

With innovative technology emerging and changing on what feels like a daily basis, technology has nestled itself in as a focal part of business. Technology integration in business and leadership will only continue to grow, especially with the rise of digital transformation through data analytics, artificial intelligence (AI), blockchain, and cybersecurity. 

Aligned with that, top business schools in the country have been expanding their range of executive education courses available strictly online. This surge in online education caters to a growing market of students keen to continue their education but without the restrictions of traditional education, attracted by the convenience of accessing popular courses from anywhere and at their own pace. 

2. A focus on future sustainability and ethical leadership

In Canada, according to research done by KPMG, sustainability and ethical leadership are considered central to business and business education. Companies large and small are making changes by prioritizing environmental, social, and governance criteria, with some MBA programs mirroring this by adding courses on sustainability, ethics, and corporate social responsibility into their curriculum. 

3. Increased understanding of globalization 

The world has never been so interconnected as it is now – and the world of business is no different!

Modern-day MBA graduates should strive to possess an arsenal of tools, including a global mindset, cross-cultural communication skills, and an understanding of international markets and regulations. Schools must offer a diversified curriculum, allowing graduates to jump into new markets, and have the skill set to manage global teams while navigating geopolitical challenges. 

4. A focus on both practical and experiential education 

There is nothing more valuable for business students than hands-on experience! Practical experience allows students the invaluable chance to apply theoretical knowledge from the classroom to real-world situations. 

As such, Canadian MBA programs are increasingly integrating beneficial practical learning opportunities with capstone projects, live projects, and partnerships with industry leaders to match up theory and practice, properly preparing them for the real world following their MBA.

5. Development of soft skills 

Technical skills will always be absolutely essential for any successful MBA graduate, but the world is shifting, and with that, comes the demands for increased soft skill development, ranging from leadership skills, teamwork, creativity, communication, and even emotional intelligence. 

MBA programs recognize the importance of these skills and are focused on developing them to help prepare students for the multi-faceted elements of being a successful businessperson. 

6. Mental Health and student well-being 

Canada has always been a strong leader in supporting mental health and within the education setting, this is no different. A study conducted by the Healthy Minds Network and the American College Health Association demonstrates a significant rise in student anxiety within higher education, escalating from 17% to 31% over just six years. The year 2020 saw a surge in anxiety and depression among college students, with 60% reporting increased difficulty in accessing mental health services during the pandemic.

Ensuring student well-being is imperative for fostering academic success, especially considering many students are spending more time online, highlighting that educational institutions must bolster their mental health focuses in the years to come.

How does AIB adapt and design its MBA to fit the modern world?

Now that we have discussed the trends in Canada, we will shift the focus to how AIB adjusts and adapts to meet these growing changes. 

We offer industry-relevant curriculum

AIB’s program remains current by continuously updating its content and curriculum to best align with the latest industry trends and demands. The curriculum is curated with industry experts and leaders in mind, to enhance one’s ability to understand and apply leading business theories, critically analyze and solve problems, lead and communicate effectively, and make decisions that support the growth of your team and organization.

We offer flexible learning options 

AIB’s learning is done 100% online, so you can complete your studies from your kitchen table, poolside, or even in a cute cafe somewhere! 

Students of AIB can choose to study six subjects per year and complete their MBA online in two years, all while continuing to work. If one wishes to accelerate their studies, they can take up to two subjects simultaneously when their schedule permits, subject to meeting concurrent study criteria. 

We completely understand that things in life get busy, so should life’s changing demands ever interfere with your studies, there’s no need to stress or worry – you can adjust your study timetable! AIB also offers multiple intake days a year, so you can get started whenever it’s easiest for you!

This flexibility means you’ll lose less time compared to a semester-based MBA at other Canadian universities.

We offer hands-on learning with the capstone project 

As the ultimate project for both AIB’s general and specific MBA, students will undertake an independent research project called a capstone project, focused on a real-world business issue or opportunity of strategic importance within their chosen organization or industry. 

Beginning with a concise review of theories and frameworks, students get the chance to carefully analyze secondary data and present their findings and recommendations in a formal report. This project integrates skills and knowledge acquired throughout the MBA journey, reinforcing key learning outcomes.

Throughout the capstone project, students will receive support from an Online Learning Facilitator who is an expert in the relevant discipline. Engaging with a cohort of peers, students get the chance to participate in live interactive webinars weekly, fostering clarity, confidence, and collaboration at each stage of their project.

We promote 5 specialization options and soft skills 

AIB offers beyond the general MBA with 5 specialization options, Marketing Management, Logistics and Supply Chain Management, Human Resource Management, Finance, and Entrepreneurial Management as a chance for students to find their niche and focus. 

In each of these options, there are specific specialization electives that help students develop and identify not only hard but also soft skills.  For example, the Human Resource Management focus includes the course Managing People in a Global Context, which explores how globalization has influenced and impacted human resource management practices. Through this, students develop critical analytical skills to evaluate and apply international practices effectively in diverse global settings, with an emphasis on global socially responsible and ethical considerations allowing for a deep cross-cultural awareness, for success in a globalized business landscape.

We care deeply about our student’s wellbeing

We don’t just talk the talk, but walk the walk by ensuring all of our students feel cared for and heard, to carefully avoid any burnout or other issues.

There is a wealth of support available to AIB students! From our comprehensive Student Safety and Wellbeing resource to personalized assistance like deadline extensions and compassionate grading, our team and staff care. We even offer confidential counseling by phone or online.

Conclusion 

Ultimately, the AIB MBA opens many doors for students, providing excellent opportunities for career progression, higher salaries, starting your own business, and more by adapting to the Canadian business market. 

Check your eligibility to get started today!