MBA Colleges in Australia: 10 Best MBA Colleges in Australia for International Students

Why Study MBA Courses In Australia?

There are multiple reasons why international students are considering Australia as the prime study destination for MBA. Here are the top reasons:

1. Ranked on QS Global MBA Rankings: Most universities listed here are on the MBA Australia ranking. The top three MBA universities are Melbourne Business School, UNSW and Macquarie Business School, 

2. Choice Of Study: International students have the choice to pursue MBA studies in Australia in two ways, full-time and part-time. This helps the former to study at their convenience. 

3. Enhances Career Choices: The MBA courses in Australia cater to the different needs of international students. For example, a student who wishes to move to a managerial position,

A student who aims to enhance its leadership qualities, etc. 

4. Well-Designed Course: All the MBA courses designed in Australia have been updated as per the current industry requirements. This means students who graduate from this program will immediately become a right fit to perform their job roles well. 

Top MBA Universities In Australia

Australia is home to multiple widely recognised and well-established MBA schools. These schools have been popular choices for years now. Thus to help you decide from the complete list, we’ve listed the top five MBA universities in Australia to consider for 2022-2023:

1. University of Melbourne, Melbourne Business School
2. University of New South Wales Business School
3. Monash University, Monash Business School
4. Macquarie University, Macquarie Business School
5. University of Queensland, UQ Business School

University of Melbourne, Melbourne Business School

Melbourne Business School at the University of Melbourne is considered to be amongst the top B schools in Australia. Melbourne Business School is your place if you are looking for real-life business exposure in an exciting city. The MBA here is ranked best in Australia by The Economist. The curriculum offers a breadth of knowledge and opportunities applicable to real-world settings.

Type	Public
QS World University Rankings 2023	33
QS Global MBA Rankings: Australia	27
Course Offered	MBA
Course Duration	2 years
Average Tuition fees	For 2023 fees, contact the university
Location	Melbourne

University of New South Wales Business School

The Australian Graduate School of Management at the University of New South Wales aims to prepare students for general management and executive leadership roles in business and government. It is also one of the top business schools in Australia. The MBA courses combine traditional learning with case studies and teamwork to sharpen your decision-making ability.

Type	Public
QS World University Rankings 2023	45
QS Global MBA Rankings: Australia	31
Course Offered	MBA
Course Duration	1-year
Average Tuition fees	78,480 AUD/year
Location	Sydney

Monash University, Monash Business School

Amongst the MBA universities in Australia, Monash University holds a reputed place for offering the best MBA in Australia. The MBA programs include experience-based modules, consulting projects, and overseas industry engagement opportunities. Like other best B schools in Australia, you must have a minimum experience of three years before applying for an MBA at Monash University.

Type	Public
QS World University Rankings 2023	57
QS Global MBA Rankings: Australia	84
Course Offered	MBA
Course Duration	2 years
Average Tuition fees	50,000 AUD/year
Location	Melbourne

Macquarie University, Macquarie Business School

The MBA and Global MBA programs at Macquarie Business School, Macquarie University offer the necessary skill sets for students to navigate and influence diverse possibilities in an evolving global economy. Macquarie Business School is one of Australia's most sought-after MBA colleges for Indian students.

Type	Public
QS World University Rankings 2023	195
QS Global MBA Rankings: Australia	82
Course Offered	MBA
Course Duration	1.5-2 years
Average Tuition fees	60,000 + AUD/year
Location	Sydney

University of Queensland, UQ Business School

Located at the heart of Brisbane, UQ Business School at the University of Queensland is amongst the notable business schools in Australia for international students. It has been ranked number one in the world for the fifth year in a row by The Economist MBA global ranking. At UQ Business school, you can acquire all the qualifications and qualities to solve complex business issues.

Type	Public
QS World University Rankings 2023	50
QS Global MBA Rankings: Australia	87
Course Offered	MBA
Course Duration	1-year
Average Tuition fees	84,648 AUD/year
Location	Brisbane

 

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MBA In Australia Eligibility

Meeting the listed eligibility criteria for MBA studies in Australia is crucial. Each criteria might differ from one university to another, however there is a standard process that is followed by all. Below is the complete list:

1. Undergraduate Degree
2. GMAT or GRE Score
3. Work Experience
4. Language Requirements
5. Passport & Visa

Undergraduate Degree

To apply for MBA universities in Australia, all applicants must have an undergraduate degree of a minimum 5.0 to 7.0 CGPA from a recognized university.

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 GMAT general score ranges from 600 to 650.

Work Experience

A minimum of 3 to 5 years of professional work experience in the relevant field must apply to top universities in Australia for an MBA. However, not all universities have a mandatory requirement, but it is always preferred.

Language Requirements

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

1. IELTS – 6.5 - 7.5
2. TOEFL (iBT) – 100
3. PTE - 58 - 60

Passport & 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 before the expected travel date.

Admission Process Of MBA Australia

To enroll at the top MBA colleges in Australia, follow the below-listed instructions:

1. Shortlist the MBA universities in Australia
2. Visit the chosen universities official website to learn about entry requirements
3. Write and clear any entrance exams enquired
4. Pay the application fees and fill in the online form
5. Submit all related documents before the application deadline
6. Attend any interview if scheduled by the university
7. Once accepted, prepare for Australian student visa and arrange for sufficient funds

Documents Required For MBA Universities In Australia

Before applying to any MBA universities, international students should send in a set of supporting documents. Ensure the below is checked:

1. Transcripts of all educational qualifications
2. CV or Resume
3. LOR (Letter of Recommendation)
4. SOP (Statement of Purpose)
5. Scorecards of IELTS/TOEFL
6. Scorecards of GMAT/GRE
7. Work experience certificate

Cost Of Studying MBA Courses In Australia

The cost of MBA in Australia is determined by two crucial factors, tuition fees and living costs. Understanding these costs can help you manage the latter via scholarships for MBA in Australia. 

Learn more about them below:

Tuition Fees

To pursue MBA studies in Australia, the tuition fees range from 50,000 AUD- 84,648 AUD/year. 

MBA Fees in Australia

Cost of Living

Living expenses in Australia range from 19,000 AUD- 21,000 AUD/year. These expenses can vary based on the lifestyle choices made by each student. The common expenses are accommodation rent, food, groceries, miscellaneous, etc. 

Living cost in Australia

Wrapping Up….

MBA is one of the popular courses that is undertaken by most international students globally. These students are always on the lookout for countries or universities that can offer them valuable MBA training. Over the years, Australia has been one such country that is this prominent choice. While you have the complete details related to MBA Australia, making an ideal academic choice can be difficult. Thus to make this process simpler, speaking to our informative Yocket counsellors can help. If you wish to explore yourself, signing up at Yocket can enhance your research. 

Frequently Asked Questions About MBA Australia

Ques: What is the MBA duration in Australia?

Ans: The general MBA duration in Australia is 2 years. However, there are also universities that offer 1.5-year MBA courses in Australia.

Ques: Which are the entrance exams required to study MBA in Australia for Indian students?

Ans: To study at the best MBA colleges in Australia for Indian students, you need to prove your proficiency in several English-based tests such as IELTS, TOEFL, and GMAT. Students must also have a minimum GPA of 5.0-7.0 for admission to an MBA program in Australia.

Ques: Is work experience listed on MBA in Australia eligibility?

Ans: Yes. The top MBA colleges in Australia require a minimum of 3 to 5 years of work experience for admission.

Ques: Can I apply for MBA Australia without GMAT?

Ans: Yes, you can apply for an MBA in Australia without GMAT since most universities are making this entrance exam either optional or waived off. 

Ques: What is the MBA salary in Australia?

Ans: International students earn up to 104,000 AUD/year after their MBA degree. The salary figure will differ based on the job profiles chosen.