1 Year MBA in Australia: Best Programs, Cost, Scope & Jobs for One Year MBA in Australia Image
MBA: The Why, The Whats & The Hows

1 Year MBA in Australia: Best Programs, Cost, Scope & Jobs for One Year MBA in Australia

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Yocket Editorial Team
14 mins read
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Australia is one of the few countries that has a diverse culture, amazing food experience, great modern architecture, and so much more. But these are not the only things Australia is known for. Some of the best business schools and universities in the world are located in Australia, making it a popular destination for MBA aspirants.

Apart from the regular MBA programs, Australia houses some of the most prestigious colleges and universities for one year MBA. This special one year MBA in Australia is ideal for aspirants who want to improve their career prospects in a short span of time. 

In this blog, we shall talk about different aspects of the 1 year MBA in Australia by covering the top universities, admission procedure, eligibility criteria, job scope after one year of MBA and much more.

  Table of Contents:

  1. Why Study One Year MBA In Australia? 
  2. Top Universities To Pursue An MBA In Australia
  3. Eligibility Criteria For One Year MBA In Australia
  4. Documents Required For One Year MBA in Australia
  5. Application Process For One Year MBA In Australia
  6. Job Scope After One Year MBA In Australia
  7. Frequently Asked Questions About One Year MBA in Australia

Why Study One Year MBA In Australia?

With a one year MBA degree, students will be able to familiarise themselves with the latest trends around the world related to the business market. The one year MBA in Australia course provides students with an opportunity to become business professionals in the best way. When you pursue this course in Australia, you will be provided with more impetus for your career due to the high-end education institutions and the advanced growth of the country. Following are some of the main reasons why pursuing the best 1 year MBA programs in Australia will be a good idea.

  • Most of the MBA colleges in Australia are accredited with EQUIS and AACSB. These colleges provide the best quality education for the students.
  • Most one year MBA programs in Australia allow the students to go for an internship that will provide enough professional experience for the students in the best way.
  • By pursuing the one year MBA program in the colleges and universities in Australia, students will receive a proper blend of academic and practical education, interspersed with leadership abilities and communication skills.
  • The courses in Australia for a one year MBA program are completely affordable and hence it is a popular choice of a country for business management programs. The average tuition fee for one year MBA in Australia is around 50,000 AUD per year.
  • The mode of teaching in Australian colleges and universities is in English. So, students from other countries that have a basic understanding of the English language will easily be able to follow the curriculum.

Suggested: A Complete Guide to Pursue MBA in Australia

Eligibility Criteria For One Year MBA In Australia

Students who wish to apply for the course of one year MBA in Australia need to qualify for the eligibility requirements that are required by the business schools in Australia. Different universities might have different requirements for the eligibility of the candidates. However, there are some basic eligibility requirements that you must get to know.

  • Undergraduate Degree 
  • GMAT or GRE Score
  • Work Experience
  • Language Requirements
  • Passport & Visa

Now let’s look deeper into the eligibility criteria to study 1 year MBA programs in Australia one by one:

Undergraduate Degree

To apply for 1 year MBA course in Australia all applicants must have an undergraduate degree of a minimum 5.0 to 7.0 CGPA from a recognized university. You must produce the original transcripts too.

GMAT or GRE Score

The second most important requirement is the GMAT or GRE score. The scores vary depending on the MBA program and university you choose. The GMAT general score ranges from 600 to 650.

Work Experience

A minimum of 2 years of professional work experience in the relevant field is required to apply to top MBA colleges in Australia for 1 year MBA. However, not all universities have a mandatory requirement, but it is always preferred.

Language Requirements

An English proficiency test is mandatory to pursue one year MBA in Australia for Indian students. Minimum scores as per the tests are:

Passport and Visa

A valid passport and student visa are a must for all international students to study any course at any university in Australia. Do keep in mind to apply for your visa at least 3 months prior to the expected date of travel.

Suggested: Requirements and Application Process for Australian Student Visa

Documents Required For One Year MBA in Australia

Admission to the best universities in Australia for one year MBA requires a set of documents. Some of the MBA in Australia requirements are mentioned below:

  • Transcripts of all educational qualifications
  • CV or Resume
  • LOR or Letter of Recommendation
  • SOP or Statement of Purpose
  • Scorecards of IELTS/TOEFL
  • Scorecards of GMAT/GRE
  • Work experience certificate
  • A write-up describing your intention behind opting to study 1 year MBA in Australia. Do also include your specific area of interest and any prior achievements you have.

Suggested: What is the GMAT score for MBA in Australia?

Top Universities To Pursue A One Year MBA In Australia

There are different universities in Australia that are offering the best benefits of one year MBA in the country. It is important for students to know about one year MBA in Australia cost and other details about the colleges and universities. 

The top universities for one year MBA in Australia are:

  1. University of Melbourne
  2. University of Western Australia
  3. Australian National University
  4. University of Queensland
  5. University of New Castle

Let us now dive deeper into each university one by one:

University Of Melbourne

Hugh Culling Eardley Childers founded the University of Melbourne in 1853. It is the world's second-oldest higher education and research institution. More than merely formal study, the University of Melbourne is committed to offering a practical experience. It has exceptional employees who create new discoveries and research, making it one of the most progressive research universities.

QS Global MBA Ranking 2022

26

Program Offered

Senior Executive MBA

Average Program Fees Per Year

170,000 AUD

University Of Western Australia

The Western Australian Parliament established the University of Western Australia (UWA) in 1911, and it began educating students two years later. It is the sixth-oldest institution in Australia. It is a member of the National Union of Students (NUS) (NUS). The University of Western Australia (UWA) is ranked first in Western Australia and among the top 1% of universities worldwide.

QS Global MBA Ranking 2022

111 - 120

Program Offered

MBA Intensive

Average Program Fees Per Year

80,700 AUD

Suggested: Comprehensive Guide to Executive MBA in Australia

Australian National University

The Australian National University, also known as Australia's national university, is an open research university. It began in 1930, when the Canberra University College, with a loose affiliation with the University of Melbourne, recruited its first students. ANU is a global leader in research, education, and policy involvement, and it has produced some noteable Nobel Laureates.

QS Global MBA Ranking 2022

131 - 140

Program Offered

MBA Advanced Program

Average Program Fees Per Year

49,000 AUD

University Of Queensland

The University of Queensland was formally founded on April 16, 1910, with the gazettal of appointees to the first UQ Senate. In the most recent global university rankings, the University of Queensland's research performance is highlighted. The most prestigious and well-recognized rankings place UQ in the top 50 and top 100 universities in the world.

QS Global MBA Ranking 2022

94

Program Offered

MBA

Average Program Fees Per Year

115,000 AUD

Suggested: What is the Cost of Studying in Australia?

University Of Newcastle

Formerly a college of the University of New South Wales, the University of Newcastle is now a separate entity. It was founded in 1951, and the first batch was admitted in 1952. The University of Newcastle's Business School (NBS) has received accreditation from the Association to Advance Collegiate Schools of Business, giving it international credibility for its numerous programmes (AACSB).

QS Global MBA Ranking 2022

N/A

Program Offered

MBA Global and Digital Media

Program Fees

56,000 AUD

Suggested: Scholarships For MBA in Australia

Application Process For One Year MBA In Australia

Follow these important steps if you want to pursue the best 1 year MBA programs in Australia.

  • Choose the particular course and college and program for a one year MBA that you are interested in.
  • Check if you are eligible to apply.
  • Collect all the required documents and proofs for filling out the application form for admission.
  • Get the language proficiency scores for applying.
  • Fill out the application forms of the desired college.
  • Make sure to provide correct information about your personal, employment, education, and financial status.
  • Pay the application fee and submit the application.

Job Scope After One Year MBA In Australia

After the completion of their one year MBA in Australia, students can either stay there or move to any other country in order to build a successful career. There are endless business firms and top companies that are looking out for professionals who have a degree in business administration. Some of the popular jobs and their average salaries are mentioned below:

Job Title 

Average Salary Per Year

Sustainability Analyst

50,000 AUD - 70,000 AUD

Financial Analyst

60,000 AUD - 75,000 AUD

Data Entry Specialist 

40,000 AUD - 45,000 AUD

Assistant Business Analyst 

50,000 AUD - 85,000 AUD

Suggested: Jobs and salary after MBA in Australia

So that was all about one year MBA in Australia and everything related to it. 1 year MBA in Australia is a step towards a promising career in the field of business, management and entrepreneurship. For more insights, guidance and counseling, our Yocket Professionals are always at your service.

Frequently Asked Questions About One Year MBA in Australia

Ques. Should one opt for a one year MBA in Australia?

Ans. Yes, absolutely. Students that want to have a fruitful career after completing their MBA program can opt for this one year MBA course in order to have the best quality of education. 

Ques. Are there any scholarships for international students?

Ans. Yes, scholarships are available for students who have a great academic record.

Ques. Why should one study an one year MBA in Australia?

Ans. Best quality education along with a higher quality of life are some of the reasons why one should join a one year MBA program in Australia.

Ques. Is it ok to apply for an MBA in Australia without GMAT?

Ans. Yes, a few Australian universities provide MBA without GMAT like Monash University, Macquire University, and Griffith University.  

Ques. Is Australia cheaper than the UK?

Ans. When it comes to cost of living and study, Australia is cheaper than UK.

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