Australia has always been an attractive option for students pursuing MBA programs. Why, you may ask?
Well, international students can pursue various academic and career options in Australia by enrolling in MBA programs. The abundance of specialised options, studying at QS-Ranked MBA universities in Australia, etc., are the main reasons. Because of the widespread recognition of Australia's educational system, pursuing any important course - like an MBA - will pay off in the form of more promising future employment.
Thus, from unveiling the top institutions for the program to covering the prerequisites and costs, this blog contains every necessary information for you to begin your MBA journey at one of Australia's finest institutions. So, begin perusing!
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MBA in Australia: Course Overview
First and foremost, let us discuss what you should expect from Australian universities when pursuing an MBA there. Peruse the table below to get a rough overview.
|
Top MBA Universities |
University of Melbourne, University of New South Wales, Macquarie University, Monash University, University of Queensland, etc |
|
Courses Offered |
MBA |
|
Course Duration |
1-2 years |
|
Average Tuition Fees |
AUD 50,000 - 84,648 / INR 27,71,040 to 46,91,250, per year. |
|
No. of Australian MBA Universities ranked on QS Global MBA Rankings |
14 |
|
Language of Instruction |
English |
|
Type Of Study |
Full-time & Part-time |
Why Study MBA Courses in Australia?
Are you curious to know why multiple international students aim to pursue an MBA in Australia? International students are choosing Australia as their top MBA study destination for many reasons. The main explanations are as follows:
-
Listed in the QS World MBA Rankings
The majority of these universities are ranked highly for their MBA programs. The top three MBA programs are Melbourne Business School, UNSW, and Macquarie Business School.
-
Selection of Subjects
There are two options available to international students wishing to pursue MBA education in Australia: full-time or part-time. This enables the former to study whenever it suits them.
-
Strengthens Professional Choices
The MBA programs offered in Australia meet overseas students' various needs. For instance, a student hoping to advance to a management or leadership position could do so via this degree.
-
Excellent Courses
All MBA programs offered in Australia have been revised to meet the demands of the modern business world. This implies that graduates of this program will be well-suited to carry out their employment responsibilities right away.
Top MBA Courses in Australia
Australia offers a wide range of top-quality MBA courses that cater to various specializations and career goals.
Some of the top MBA specialisations in Australia include:
- Business Administration
- Finance
- Marketing
- Entrepreneurship
- International Business
- Healthcare Management
- Technology Management
5 Best MBA Colleges in Australia
There are numerous reputable MBA schools in Australia. These educational institutions have long been appreciated. As a result, we've compiled a list of the top five MBA universities in Australia for 2024–2025 to aid in your selection process:
- University of Melbourne, Melbourne Business School
- University of New South Wales Business School
- Monash University, Monash Business School
- Macquarie University, Macquarie Business School
- University of Queensland, UQ Business School
Discussed below are the features of each university in detail:
1. University of Melbourne, Melbourne Business School
Melbourne Business School at the University of Melbourne is considered to be among the top B schools in Australia. If you want to experience real-world business in a vibrant city, Melbourne Business School is the right location. This program offers the top MBA in Australia, as ranked by The Economist. The curriculum offers a breadth of knowledge and opportunities applicable to real-world settings.
|
Type |
Public |
|
14 |
|
|
QS Global MBA Rankings: Australia |
27 |
|
Course Offered |
MBA |
|
Course Duration |
2 years |
|
Location |
Melbourne |
2. University of New South Wales Business School
The University of New South Wales Australian Graduate School of Management seeks to educate students for executive leadership and general management positions in industry and government. It is also one of the best business schools in Australia. To improve your decision-making skills, the MBA courses incorporate teamwork, case studies, and traditional learning.
|
Type |
Public |
|
19 |
|
|
QS Global MBA Rankings: Australia |
31 |
|
Course Offered |
MBA |
|
Course Duration |
1-year |
|
Average Tuition fees |
AUD 78,480 / INR 43,49,420, per year. |
|
Location |
Sydney |
3. Monash University, Monash Business School
Monash University is renowned for providing the greatest MBA program in Australia. Experience-based modules, consulting assignments, and possibilities for international industry interaction are all part of the MBA programs. Before applying for an MBA at Monash University, you must have a minimum of three years of experience, just like other top B schools in Australia.
|
Type |
Public |
|
42 |
|
|
QS Global MBA Rankings: Australia |
84 |
|
Course Offered |
MBA |
|
Course Duration |
2 years |
|
Average Tuition fees |
AUD 50,000 / INR 27,71,040, per year. |
|
Location |
Melbourne |
4. Macquarie University, Macquarie Business School
One of Australia's most popular MBA programs for Indian students is offered at Macquarie Business School. It provides students with the skill sets they need to navigate and impact various opportunities in a changing global economy.
|
Type |
Public |
|
130 |
|
|
QS Global MBA Rankings: Australia |
82 |
|
Course Offered |
MBA |
|
Course Duration |
1.5 - 2 years |
|
Average Tuition fees |
AUD 60,000 + / INR 33,25,240, per year. |
|
Location |
Sydney |
5. University of Queensland, UQ Business School
One of the top business schools in Australia for overseas students is UQ Business School at the University of Queensland, which is centrally located in Brisbane. The Economist MBA global rating has recognized it as the most favorable place globally for the past five years. You can get all the credentials and skills necessary to tackle challenging business problems at UQ Business School.
|
Type |
Public |
|
43 |
|
|
QS Global MBA Rankings: Australia |
87 |
|
Course Offered |
MBA |
|
Course Duration |
1-year |
|
Average Tuition fees |
AUD 84,648 / INR 46,91,250, per year |
|
Location |
Brisbane |
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MBA in Australia Admission Requirements
What is something that you should be mindful of before applying to any university for higher studies? Meeting the eligibility criteria. Blindly applying to universities just because they are infamous, without checking the prerequisites of the same, can cause a loss of application fees and create confusion later on.
Hence, enlisted below are the standard eligibility criteria that every student must meet before applying to Australian universities. Note that these prerequisites might alter university-wise.
Undergraduate Degree
All applicants must have an undergraduate degree with a minimum 5.0 to 7.0 CGPA from an accredited university to be considered for admission to MBA programs in Australia.
GMAT or GRE Score
The second most important requirement for top MBA colleges in Australia is the GMAT or GRE score. The scores vary depending on the type of MBA program and university you choose. The standard GMAT score ranges from 600 - 650.
Work Experience
Applying to prestigious Australian colleges for an MBA requires at least three to five years of professional job experience in the relevant subject. Although it is always recommended, not all universities have this requirement.
Language Requirements
For non-native English speakers, an English proficiency test is mandatory for pursuing any program at universities abroad, and Australia is no exception. The minimum test scores required are:
Passport & Visa
To enrol in any course at any Australian university, international students must have a current passport and student visa. Remember to apply for your visa at least three months before the date of your scheduled trip.
Now that you know the prerequisites to be met as an international student, what's next? The process of applying to an Australian university. Read on to know!
Admission Process of MBA in Australia
To apply to the most selective MBA programs in Australia, adhere to the guidelines provided below:
- Step 1: Make a shortlist of Australian MBA universities.
- Step 2: To find out about admission requirements, go to the official website of the chosen university.
- Step 3: Clear any admission entrance exams with acceptable scores.
- Step 4: Complete the online application and pay the application fees.
- Step 5: Before the application deadline, send in all pertinent documentation.
- Step 6: Attend any interview that the university schedules for you.
- Step 7: After being admitted, prepare for your Australian student visa and ensure you have sufficient funds.
What is the one point where students often mess up during their study abroad journey? Figuring out the documents to keep handy before beginning the application process. Read on to find out the relevant documents needed for an MBA in Australia.
Documents Required for MBA Universities in Australia
International applicants should submit supporting documentation before applying to any MBA universities. Check the items listed below:
- Transcripts for all educational qualifications,
- CV/Resume,
- LOR (Letter of Recommendation),
- The Statement of Purpose,
- IELTS/TOEFL scorecards,
- GMAT/GRE scorecards, and
- A certificate of work experience.
Finally, we will discuss THE most elemental factor of studying abroad. Any guesses?
Cost of Studying MBA in Australia
Two important aspects that affect the cost of an MBA program in Australia are living expenses and tuition fees. You can better handle the latter by being aware of these expenses and applying for Australian MBA scholarships.
Learn more about them below:
Tuition Fees
The cost of an MBA program in Australia ranges from AUD 50,000 to 84,648 / INR 27,71,040 to 46,91,250 per year.
Living Expenses
Australia has annual living expenses between AUD 19,000 and 21,000 / INR 10,52,990 - 11,63,840. These costs may differ according to the lifestyle decisions each student makes. Common expenditures include rent for lodging, groceries, food, and other miscellaneous items.
Scholarships for MBA Course in Australia
The biggest challenge applicants face when studying abroad is arranging funding. Getting a loan is one of them, but not all students can get a student loan. Most Australian universities do not offer tuition waivers or financial support for a professional degree such as an MBA. That is why students often look for scholarships to finance their education. It is also important for students to always be aware of the eligibility criteria and various costs of the scholarship awarded.
Some of the scholarships for pursuing an MBA in Australia are:
- Central Sector Scheme of National Overseas Scholarship for SC etc. Candidates
- Dr Abdul Kalam International Undergraduate Scholarship- Engineering Honours & Information Technology
- Deakin India 10 percent Bursary- MBA, Sports Management, International Finance & Commerce
- Macquarie University Tuition Fee Grants for Indian Students- MBA
Job Opportunities & Average Salary After MBA in Australia
MBAs are in high demand worldwide and employers are ready to pay attractive salaries if you have the right skills and abilities. MBA graduates earn the highest salaries in the world due to high demand among many companies and good connections with B-schools in Australia.
Top industries offering MBA jobs:
- Consulting/Professional Services
- Education
- Manufacturing/Engineering
- Financial Services
- IT/Computer Services
From the Desk of Yocket
MBA is one of the most popular courses pursued by international students. Over the years, Australia has been a prominent choice for many reasons that we discussed above. Now, even though you are fully informed about MBA Australia, its eligibility criteria, and the costs involved, juggling everything alone might get overwhelming.
Therefore, talking with one of our knowledgeable Yocket counsellors can assist in streamlining this procedure. From a thorough profile evaluation and shortlisting universities to applying for scholarships and student visas, we got you. Schedule A Personalized Consultation Call Today!