Professional learning is widely used by business schools to develop students’ discipline and genericmanagement skills. In this paper we define professional learning and describe its identified benefitsand key characteristics. We overview our nation-wide study of 37 Australian business schoolstogether with industry consultations which elicited the empirical data used to frame the professionallearning typology presented in this paper. We outline our findings on teaching approaches, goodpractice principles and enablers and impediments. Finally, we discuss how professional learningexperiences that expose students to a professional environment and global and local businesspractices can provide an effective opportunity for critical review and reflection and enhance thetransition from learner to professionally astute and responsible practitioner.