MBA colleges in Australia consistently rank among the world's best. They offer prestigious qualifications recognized by employers globally. This, combined with Australia's multicultural environment and excellent quality of life, makes it an unbeatable destination for an MBA. From Melbourne Business School to AGSM, top MBA universities in Australia provide a rigorous curriculum and strong industry connections for international students around the globe.
Key Highlights of the Blog:
- Melbourne Business School, Sydney Business School and AGSM Business School are some of the best MBA colleges in Australia.
- MBA universities in Australia have average annual fees ranging from INR 36.5 lakhs to 58.4 lakhs (AUD 50,000 to 80,000).
- The cost of living in Australia for Indian students is roughly INR 14.6 lakhs to 21.9 lakhs (AUD 20,000 to 30,000) annually for a comfortable lifestyle.
Top 10 MBA Universities in Australia: QS Ranking 2025 & Tuition Fees
Here’s a list of the top universities in Australia for MBA programs, including their QS World Rankings and annual tuition fees. This will help you find a suitabke MBA program in Australia that will fit your career goals and financial plans.
|
MBA Universities in Australia |
QS World Ranking 2025 |
Annual Tuition Fees (AUD and INR) |
|---|---|---|
|
The University of Melbourne |
13 |
AUD 75,000 (₹54,91,437) |
|
The University of Sydney |
18 |
AUD 60,000 - 70,000 (₹44,10,625 - ₹51,34,225) |
|
The University of New South Wales (UNSW Sydney) |
19 |
AUD 80,000 (₹59,60,026) |
|
Australian National University (ANU) |
30 |
AUD 52,000 (₹38,24,935) |
|
Monash University |
37 |
AUD 65,000 (₹47,93,148) |
|
The University of Queensland |
40 |
AUD 50,000 (₹36,60,950) |
|
The University of Western Australia |
77 |
AUD 48,000 (₹35,28,760) |
|
The University of Adelaide |
82 |
AUD 42,000 (₹30,96,000) |
|
University of Technology Sydney |
88 |
AUD 45,000 (₹33,15,475) |
|
RMIT University |
123 |
AUD 55,000 - 65,000 (₹40,24,773 - ₹47,93,148) |
1. University of Melbourne, Melbourne Business School
The University of Melbourne’s Melbourne Business School is one of the best MBA colleges in Australia. It is popular for its strong connections to local and global business communities. The one-year full-time MBA is focused on fast-tracking careers, with courses in finance, marketing, and economics, paired with practical leadership and strategy training. The school also offers an Executive MBA, which covers key topics like innovation, corporate strategy, and mergers. Students gain valuable networking opportunities with top business professionals, helping them advance into leadership roles.
|
Ranking (QS World Ranking 2025) |
13 |
|
Course Duration (Full-Time) |
16 months |
|
Annual Tuition Fee (AUD & INR) |
AUD $75,000 (₹54,91,437) |
|
Location |
Melbourne, Victoria |
2. University of Sydney, Sydney Business School
The University of Sydney offers a comprehensive MBA with a focus on leadership, enterprise, and innovation. The program is designed to help students develop critical thinking and leadership skills. It includes a capstone project where students tackle real-world business challenges. The University of Sydney's MBA is highly customizable, allowing students to select electives that align with their career aspirations. The business school’s strong global partnerships and industry connections provide excellent opportunities for networking and career advancement.
|
Ranking (QS World Ranking 2025) |
18 |
|
Course Duration (Full-Time) |
18 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 60,000 - 70,000 (₹44,10,625 - ₹51,34,225) |
|
Location |
Sydney, New South Wales |
Cracking the code for Australian MBA colleges requires a lot of navigation. Yocket Premium is your expert guide where we personalize your journey, and match you with the best business schools in Australia that align with your goals and budget.
3. University of New South Wales (UNSW Sydney), AGSM Business School
UNSW’s Australian Graduate School of Management (AGSM) offers a rigorous MBA program on innovation, entrepreneurship, and responsible leadership. The MBA has strong ties with industries in Australia and globally, providing students with substantial career development support. With a focus on strategic decision-making, the program includes international study opportunities and real-world business projects. Graduates from AGSM are known for their leadership in consulting, finance, and technology.
|
Ranking (QS World Ranking 2025) |
19 |
|
Course Duration (Full-Time) |
12-24 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 80,000 (₹59,60,026) |
|
Location |
Sydney, New South Wales |
4. Australian National University, ANU College of Business and Economics
ANU, a top MBA college in Australia, focuses on evidence-based management and leadership in complex environments. The curriculum integrates academic research with practical skills, preparing students to tackle global business challenges. With access to strong research facilities and a world-class faculty, the MBA program emphasizes critical analysis, problem-solving, and strategic thinking.
|
Ranking (QS World Ranking 2025) |
30 |
|
Course Duration (Full-Time) |
18 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 52,000 (₹38,24,935) |
|
Location |
Canberra, Australian Capital Territory |
5. Monash University, Monash Business School
Monash University's Business School offers a two-year MBA focused on experiential learning, leadership development, and consulting projects. The program is designed around four core modules: Foundation, Innovation, Transformation, and Globalization. Each module integrates practical, real-world consulting projects, giving students opportunities to apply theoretical knowledge in business settings. Monash’s MBA emphasizes skills in technology, strategy, leadership, and international business, preparing graduates for global management roles.
|
Ranking (QS World Ranking 2025) |
37 |
|
Course Duration (Full-Time) |
12-24 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 65,000 (₹47,93,148) |
|
Location |
Melbourne, Victoria |
6. The University of Queensland, UQ Business School
UQ Business School offers a highly-regarded MBA program designed to be completed full-time in one year or part-time over longer durations. UQ’s MBA is renowned for its leadership, innovation, and sustainable business focus. Students engage in real-world consulting projects, develop leadership skills, and network with a vast alumni community. The program offers specialisation tracks in Social Impact, Entrepreneurship, and Leadership, aligning with UQ's broader mission of social responsibility and innovation.
|
Ranking (QS World Ranking 2025) |
40 |
|
Course Duration (Full-Time) |
12 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 50,000 (₹36,60,950) |
|
Location |
Brisbane, Queensland |
7. The University of Western Australia, Uwa Business School
The University of Western Australia’s MBA program offers both a full-time intensive track and flexible part-time options and is highly sought-after in Australia. It’s tailored for experienced professionals looking to advance into leadership roles. The full-time program can be completed in 12 months and includes key focuses on leadership, strategy, and international business, combined with practical industry engagement opportunities. UWA’s MBA is recognized for its strong industry links, and students benefit from a dedicated career services team to guide their post-MBA ambitions.
|
Ranking (QS World Ranking 2025) |
77 |
|
Course Duration (Full-Time) |
16 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 48,000 (₹35,28,760) |
|
Location |
Perth, Western Australia |
8. The University of Adelaide, Adelaide Business School
The top-ranked MBA at the Adelaide Business School is designed for professionals with management experience and can be pursued part-time. The program is highly flexible, allowing students to balance studies with their careers. Adelaide's MBA is structured around key pillars of leadership, entrepreneurship, and sustainability, with courses tailored to contemporary business challenges. Additionally, students can opt for specialized tracks in entrepreneurship or innovation management
|
Ranking (QS World Ranking 2025) |
82 |
|
Course Duration (Full-Time) |
18 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 42,000 (₹30,96,000) |
|
Location |
Adelaide, South Australia |
9. University of Technology Sydney, UTS Business School
UTS’s MBA program is highly customizable, allowing students to select from a wide range of electives in finance, marketing, digital strategy, and more. The program is practice-based, with a strong emphasis on developing leadership skills through real-world projects and internships. UTS has a unique approach by combining academic learning with significant exposure to industry, offering extensive networking opportunities.
|
Ranking (QS World Ranking 2025) |
88 |
|
Course Duration (Full-Time) |
16 months |
|
Annual Tuition Fee (AUD & INR) |
AUD 45,000 (₹33,15,475) |
|
Location |
Sydney, New South Wale |
10. RMIT University, RMIT Business School
RMIT University is a public research university located in Melbourne. Its RMIT Business School is one of the top business schools in Australia. The school offers a full-time MBA program, an executive MBA program, and a part-time MBA program. The MBA programs at RMIT Business School are designed to develop students' leadership, innovation, and global business acumen.
|
Ranking (QS World Ranking 2025) |
123 |
|
Course Duration (Full-Time) |
12-24 months (varies by program) |
|
Annual Tuition Fee (AUD & INR) |
AUD 55,000 - 65,000(₹40,24,773 - ₹47,93,148) |
|
Location |
Melbourne, Victoria (primary campus); online options available |
Admission Requirements of Top-Ranked Australian MBA Colleges
On average, admission to top Australian business schools requires a bachelor's degree or international equivalent. A minimum GPA of 2.5 to 3.0 on a 4.0 scale, equivalent to 80-86%, is usually required. You need to have a very high proficiency level in English, with an IELTS score of 6.5, a TOEFL score of 79-93, or a PTE score of 65-75. Work experience of normally 2 to 5 years is also required for the best MBA colleges in Australia Some other admission requirements are as follows:
|
MBA Colleges in Australia |
GMAT Score Requirement |
IELTS Score Requirement |
Work Experience Requirement |
|---|---|---|---|
|
Melbourne Business School |
560 |
6.5 |
2 Years |
|
Australian Graduate School of Management |
650 |
7.5 |
2 Years |
|
University of Sydney Business School |
600 |
7 |
3 Years |
|
UQ Business School |
550 |
6.5 |
2 Years |
|
Monash Business School |
650 |
6.5 |
4 Years |
|
Macquarie University |
550 |
6.5 |
3 Years |
|
Australian National University |
600 |
6.5 |
5 Years |
|
University of Western Australia Business School |
550 |
6.5 |
3 Years |
|
University Of South Australia |
550 |
6.5 |
3 Years |
|
RMIT University |
550 |
6.5 |
No work experience requirement |
Suggested: Find out the 20 best MBA programs globaly for an international career.
Admission Process of MBA Universities in Australia
To apply for an MBA in Australia, complete the online application, submit academic transcripts, and provide GMAT or GRE scores if needed. Include a resume, 2-3 recommendations, a statement of purpose, and English proficiency test scores if applicable. Some programs may also require an interview.
- Application Form: Complete the online application form through the university’s application portal.
- Academic Transcripts: Provide official transcripts from all previous post-secondary education.
- GMAT/GRE Scores: Submit GMAT or GRE scores if required by the program.
- Work Experience: Include a detailed resume and proof of relevant work experience.
- Letters of Recommendation: Provide typically 2-3 letters of recommendation from professional or academic referees.
- Statement of Purpose: Write a statement about your career goals, why you want an MBA, and how the program fits with your plans.
- Interview: Some programs may require an interview, either in-person or online.
- English Proficiency: Non-native English speakers must provide test scores (e.g., IELTS, TOEFL) demonstrating English proficiency.
Top MBA Specialisations in Australia
An MBA in Australia equips you with in-depth business knowledge and a globally recognized qualification. But with diverse specialisations to choose from, selecting the right specialisation/ course is crucial. Here's a glimpse into some of the most popular MBA courses in Australia, that can help you launch high-paying roles
- MBA in Finance: MBA in Finance teaches you financial analysis, investment management, and risk assessment. According to the Michael Page Banking & Financial Services Salary Guide 2023, experienced Financial Analysts in Australia can earn an average base salary of AUD 120,000 (₹88,32,100).
- MBA in Marketing: You gain skills to develop and execute data-driven marketing campaigns. The Marketing Institute of Australia reports that Marketing Managers with over 10 years of experience can earn an average base salary exceeding AUD 150,000 (₹110,40,150).
- MBA in Business Analytics: Here, you learn to transform raw data into actionable insights, master data analysis techniques, machine learning, and data visualization. The Robert Half Salary Guide 2023 indicates that Business Intelligence Analysts in Australia can expect an average base salary of AUD 115,000 (₹84,48,175).
- MBA in Human Resource Management: You learn organizational behavior, training, hiring people, and maintaining an organization. The average salary after an MBA in HR in Australia is AUD 90,000 (₹50,00,000)
List of Colleges Offering Popular MBA Specializations in Australia
|
College |
Specialisations |
|---|---|
|
Melbourne Business School |
Finance, Marketing, Strategy, Entrepreneurship, Human Resources, Supply Chain Management, Sustainability |
|
Australian Graduate School of Management (AGSM) |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Data Analytics |
|
University of Queensland Business School |
Finance, Marketing, Strategy, Entrepreneurship, Sustainability, Digital Business |
|
University of New South Wales Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Data Analytics, Sustainability |
|
Monash Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Supply Chain Management, Sustainability |
|
University of Sydney Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Data Analytics, Sustainability |
|
Macquarie Graduate School of Management (MGSM) |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Sustainability |
|
University of Technology Sydney Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Data Analytics, Sustainability |
|
RMIT University Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Data Analytics, Sustainability |
|
University of Western Australia Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Sustainability |
|
University of Adelaide Business School |
Finance, Marketing, Strategy, Entrepreneurship, Innovation, Sustainability |
Return on Investment (ROI) of Australian MBA Universities
MBA programs in Australia typically offer a strong return on investment, with graduates seeing significant career and salary growth. Top schools like Melbourne Business School, AGSM, and Monash University report post-MBA salaries between AUD 100,000 and AUD 150,000, depending on the field. The cost of an MBA ranges from AUD 50,000 to AUD 90,000. Despite the cost, many students find it worthwhile due to high employability rates and strong industry connections, particularly in financial services, consulting, and technology.
|
University |
Average Salary (AUD) |
Fees (AUD) |
ROI (%) |
|---|---|---|---|
|
The University of Sydney |
157,000 |
79,000 |
99.37% |
|
The University of New South Wales (UNSW) |
152,000 |
77,000 |
97.40% |
|
The University of Melbourne |
149,000 |
78,000 |
94.87% |
|
Monash University |
151,000 |
74,000 |
104.05% |
|
The University of Queensland |
148,000 |
75,000 |
97.33% |
|
Australian National University (ANU) |
145,000 |
76,000 |
93.42% |
|
University of Technology Sydney |
146,000 |
72,000 |
102.78% |
|
RMIT University |
143,000 |
74,000 |
93.24% |
|
The University of Western Australia |
141,000 |
73,000 |
93.15% |
|
The University of Adelaide |
139,000 |
71,000 |
95.77% |
How to Choose the Right MBA College in Australia?
Navigating the Australian MBA landscape can feel overwhelming. Here's a roadmap to guide you toward the perfect program fit:
- Align your goals with program specialisations: Australian universities offer diverse MBA specialisations. Identify your career aspirations and research programs that match your desired skill set. Explore course curriculums, faculty expertise, and industry connections to ensure the program equips you for success.
- Consider program format and duration: Australian MBAs come in full-time, part-time, and executive formats. Evaluate your work commitments and learning style when choosing a format. Program duration can vary, impacting your time investment. Pick a program that fits your schedule and career timeline.
- Factor in rankings and accreditation: Rankings offer a general benchmark for program prestige. Research national and international MBA rankings from QS World University Rankings or Financial Times. Ensure the program holds accreditation from EQUIS or AACSB.
- Evaluate scholarship opportunities: Australian universities offer merit-based and international student scholarships. Research financial aid options to lessen the financial burden. Contact the university's admissions office or explore scholarship websites for detailed information and application procedures.
- Connect with alumni and current students: Gain insights by connecting with past and present students. Their experiences can shed light on program strengths, faculty approachability, and career support services.
From the Desk of Yocket
Australia is one of the best places to obtain an MBA, with globally recognized and industry-relevant programs. The numerous specialisations, elite industry links, and vibrant student life make Australian colleges an excellent choice. Institutions like Melbourne Business School, AGSM, and Monash Business School top the chart with excellent facilities, rigorous academic training, extended networking opportunities, and promising career prospects.
Our experienced study abroad counselors would guide you through picking the right MBA college that aligns best with your career aspirations. With a Yocket Consultancy Call, you can directly connect with experienced advisors to answer your questions, provide insider tips about the process, and filling applications.
