Mark Racz

MBA takes mining engineer to the next level

  • Industry: Mining & Resources
  • Mode of study: Distance Learning
  • Location: Western Australia
  • Programme: MBA
  • Themes: Practicality
  • Motivation: Better Leader/Skills,Personal achievement,Promotion
  • Seniority: Mid-Level

created on 06/08/2015

For Mining Engineer Mark Racz, studying the 12 Month MBA with the Australian Institute of Business was a decision made both for the knowledge it will provide him and for the managerial opportunities it will help to prepare him for.

Having moved to Australia from Hungary to pursue his career goals, Mark’s passion for the mining industry is built on the fact that every decision he makes affects not only several levels of the business, but also provides many challenges to solve.

Asked about the major challenges he faces in his role, Mark describes aligning long-term, mid-term and short-term plans; synchronising the activities of many departments; motivating people to work in a team; and thinking ahead – the last of which his MBA is helping him with.

“The MBA helps you see things through a bigger window, and make long-term decisions rather than just finding micro solutions,” Mark said.

“It’s going to help me even more when I go to a senior position, when the business will have more impact on my role and what decisions I make, so it’s definitely an investment for the future,” he said.

“I think everyone who wants to go for a managerial role in the future needs to have the skills an MBA provides on top of the technical expertise and experience he or she already has.”

For many technical professionals with specialist skills in areas such as mining or engineering, the business acumen of an MBA provides the perfect complement to the technical skills learnt on the job.

Not only does it help well-performing professionals into management roles, but the qualification provides important skills in finance, marketing, and human resource management that are often overlooked during technical training and study.

“Studying the MBA is giving me a different perspective and helping me to think outside of the box,” Mark said.

“Now when I plan or schedule I think about how each decision will affect the company, and to find solutions over the long-term which will cost less money to the company,” he said.

But the work-applied focus of the AIB MBA has also provided a range of learning experiences on the job that Mark may otherwise not have encountered.

“Work-applied learning means I have to apply my work to all my assignments and my exams, allowing me to see my role and the business from a different perspective,” Mark said.

“When I was completing the Strategic Supply Chain Management subject I called up the procurement manager and we spent half an hour talking about how the business manages procurement and change management,” he said.

“I’ve also spoken to different departments at Rio Tinto, and they’ve given me further case studies and examples of problems they’ve encountered, which I could use without specifics in my MBA.”