MBA in Australia: Top Universities, Eligibility, Cost, Scholarship, Jobs & More

Did you know that Australia is home to 13 globally ranked business schools, making it one of the top three study destinations for MBA aspirants? 

According to the QS Global MBA Rankings 2025, universities like Melbourne Business School, AGSM at UNSW, and Monash Business School consistently rank among the world’s best.

One of the biggest reasons why students choose an MBA in Australia is its high return on investment (ROI). Moreover, Australia’s post-study work visa policy allows international students to stay and work in the country for up to four years after graduation. If you are looking for a globally recognised MBA with world-class faculty, strong corporate connections, and an excellent job market, Australia should be on your list. 

Key Highlights:

• Top universities for MBA in Australia include the University of Melbourne, UNSW Sydney, Monash University, and the University of Queensland.
• MBA graduates in Australia earn an average salary of ₹50-₹90 lakhs (AUD 90,000 – AUD 160,000) per year.
• Tuition fees for an MBA in Australia range from ₹35-₹70 lakhs (AUD 65,000 – AUD 130,000), making it 30-40% cheaper than US and UK MBAs.
• Australia’s cost of living for students ranges between ₹12-₹18 lakhs per year (AUD 22,000–33,000), with Sydney and Melbourne being the most expensive cities.
• Graduates from Australian MBA programmes are in high demand, with companies like McKinsey, Amazon, Google, and Deloitte actively recruiting MBA professionals.
• Some universities offer MBA programmes without GMAT or work experience, including Macquarie University, RMIT University, and La Trobe University.

In this blog, we will cover everything—from top universities and costs to scholarships and career opportunities after an MBA in Australia.

Understanding the utility and importance of any course before finalising to invest your valuable time, capital and energy into top MBA programs in Australia is vital. With a stable economy, strong corporate network, and a work-friendly visa policy, Australia remains one of the best places to study an MBA in 2025. So, let us begin our discussion by looking at some good reasons to pursue an MBA course in Australia and at the best MBA colleges in Australia:

Here’s why an MBA in Australia is a great decision:

• Top-Ranked Universities – Australia has 13 business schools in the QS Global MBA Rankings 2025, with Melbourne Business School, AGSM at UNSW, and Monash Business School among the top.
• High Salaries & Strong ROI – MBA graduates in Australia earn an average salary of ₹50-₹90 lakhs (AUD 90,000 – AUD 160,000) per year. Industries like finance, consulting, and tech offer some of the highest-paying jobs.
• Post-Study Work Visa – International students can stay and work in Australia for 2-4 years after completing their MBA, depending on their degree level.
• Globally Recognised Degrees – Most Australian business schools hold AACSB, AMBA, and EQUIS accreditations, making an Australian MBA recognised worldwide.
• Flexible Study Options – Universities offer full-time, part-time, online, and executive MBA programs, making it easy for students and working professionals to balance studies with work.
• Lower Tuition Fees Compared to the USA & UK – The average MBA tuition fee in Australia ranges from ₹25-₹55 lakhs (AUD 45,000 – AUD 100,000), which is 30-40% cheaper than US and UK MBAs.

Australia is home to some of the world’s best MBA programs, with institutions like Melbourne Business School and AGSM at UNSW ranking among the top 50 globally. According to the QS World University Rankings 2025, these business schools offer globally recognised programs that attract students from diverse backgrounds. 

With a focus on leadership, innovation, and industry connections, Australian MBAs prepare students for high-paying roles in finance, consulting, and technology.

Below is the list of the top 10 MBA universities in Australia:

On average, MBA fees in Australia range from ₹35 lakhs to ₹70 lakhs for international students. The tuition fee is one of the biggest factors when choosing an MBA programme in Australia. While top universities like Melbourne Business School and UNSW Sydney have higher fees, they also provide better ROI through high post-MBA salaries and global networking opportunities.

Below is an overview of the MBA tuition fees at top Australian universities for 2025.

The cost of living in Australia for international students varies based on the city, lifestyle, and type of accommodation. On average, students spend around ₹12 to ₹18 lakhs per year (AUD 22,000–33,000) on living expenses. 

Living in Australia can be expensive, but part-time work opportunities help students manage their expenses. International students in Australia can work up to 48 hours per fortnight during their studies, helping cover living costs. Cities like Melbourne, Sydney, and Brisbane have higher living costs due to rent and food prices, while Adelaide and Perth are more budget-friendly.

Below is a breakdown of the estimated monthly expenses for students in Australia:

Australia offers a wide range of MBA specialisations tailored to high-growth industries. Whether you're interested in finance, marketing, healthcare, analytics, or supply chain management, Australian universities provide globally recognised MBA programmes that enhance career opportunities. According to the 2024 QS Global MBA Rankings, six Australian business schools for MBA rank among the top 100 globally.

Below are the most in-demand MBA specialisations in Australia:

MBA in Finance

Australia's finance sector is expected to grow by 12% by 2026, driven by increasing demand for financial analysts, investment managers, and risk consultants (Australian Government Labour Market Insights, 2024. Hence, an MBA in Finance can open doors to high-paying jobs in multinational firms. An MBA in Finance in Australia prepares students for careers in investment banking, corporate finance, risk management, and financial consulting. The curriculum focuses on financial planning, mergers & acquisitions, asset management, and economic analysis.

• Average Fees: ₹40 - ₹70 lakhs (AUD 75,000 - 130,000)
• Top Universities:
  • University of Melbourne (Melbourne Business School)
  • University of New South Wales (AGSM)
  • Monash University
  • University of Queensland (UQ Business School)
  • Macquarie University

• Average Salary After Graduation: ₹75 - ₹95 lakhs (AUD 140,000 - 180,000)

MBA in Marketing

An MBA in Marketing is ideal for students who want to work in brand management, digital marketing, market research, and product strategy. Australia has a booming marketing sector with a high demand for marketing professionals in FMCG, tech, and consulting firms. MBA graduates in marketing see an ROI of up to 55% within three years, according to the Financial Times MBA Rankings 2024. This programme focuses on consumer behaviour, digital strategies, and business analytics, making it perfect for those looking to build a career in sales, advertising, or media.

• Average Fees: ₹38 - ₹65 lakhs (AUD 70,000 - 120,000)
• Top Universities:
  • University of Sydney
  • University of Melbourne
  • University of Queensland
  • Macquarie University
  • Deakin University

• Average Salary After Graduation: ₹60 - ₹85 lakhs (AUD 110,000 - 160,000)

MBA in Business Analytics

An MBA in Business Analytics is designed for students who want to work in data science, AI-driven business solutions, and strategic decision-making. Over 90% of companies in Australia are adopting AI and data-driven decision-making, increasing demand for business analysts, data scientists, and AI consultants. This course teaches students how to analyse large datasets and use them to optimise business operations. With a growing focus on AI and big data, the demand for business analysts is increasing rapidly in Australia.

• Average Fees: ₹42 - ₹72 lakhs (AUD 80,000 - 130,000)
• Top Universities:
  • University of Melbourne
  • University of Sydney
  • Monash University
  • University of New South Wales (AGSM)
  • University of Technology Sydney (UTS)

• Average Salary After Graduation: ₹75 - ₹98 lakhs (AUD 140,000 - 185,000)

MBA in Healthcare Management

An MBA in Healthcare Management is perfect for professionals looking to work in hospital administration, pharmaceuticals, and health consulting. Given Australia’s strong healthcare system, this course is highly in demand. Students learn healthcare policies, operations, and finance, preparing them for leadership roles in the health sector.

Hospital administrators and healthcare managers with an MBA earn up to 70% more than non-MBA professionals in the sector.

• Average Fees: ₹35 - ₹60 lakhs (AUD 65,000 - 110,000)
• Top Universities:
  • Deakin University
  • University of Sydney
  • University of Queensland
  • Federation University
  • Edith Cowan University

• Average Salary After Graduation: ₹65 - ₹90 lakhs (AUD 120,000 - 165,000)

MBA in Human Resource Management

An MBA in HR focuses on recruitment, employee engagement, performance management, and leadership training. As companies prioritise employee well-being, HR professionals with strong managerial skills are in demand. Also, the HR industry in Australia is projected to grow by 11% by 2026, with a high demand for HR managers, learning & development specialists, and employee relations consultants. This course helps students develop interpersonal skills, talent management strategies, and conflict resolution abilities.

• Average Fees: ₹30 - ₹55 lakhs (AUD 55,000 - 100,000)
• Top Universities:
  • University of Melbourne
  • University of Sydney
  • Deakin University
  • Macquarie University
  • University of Queensland

• Average Salary After Graduation: ₹55 - ₹80 lakhs (AUD 100,000 - 150,000)

MBA in Supply Chain and Logistics

With global trade and e-commerce booming, an MBA in Supply Chain and Logistics is an excellent choice. Students learn about supply chain strategy, inventory management, and procurement. Top multinational firms such as Amazon, DHL, and BHP are actively recruiting MBA graduates with supply chain expertise.

• Average Fees: ₹40 - ₹65 lakhs (AUD 75,000 - 120,000)
• Top Universities:
  • University of Sydney
  • University of Queensland
  • Monash University
  • Curtin University
  • University of Technology Sydney (UTS)

• Average Salary After Graduation: ₹70 - ₹90 lakhs (AUD 130,000 - 165,000)

Australia has over 30 universities offering MBA programmes, each with specific admission requirements. However, most universities follow a common eligibility structure. According to the 2024 GMAC Application Trends Report, 75% of Australian MBA applicants have at least three years of work experience, and 90% of universities require proof of English proficiency.

To apply for an MBA in Australia, you must meet the following criteria:

• Bachelor’s Degree: You need a bachelor’s degree from a recognised university in any discipline. Some universities may accept an equivalent qualification or extensive work experience instead of a formal degree.
• Minimum Academic Scores: Most universities require a minimum GPA of 2.5 to 3.0 (on a 4.0 scale), which translates to around 55% to 60% in Indian grading. Some top B-schools like Melbourne Business School may have higher cut-offs.
• Work Experience (Varies by University): Most MBA programmes require at least 2-3 years of full-time work experience. Executive MBA (EMBA) courses usually need 5+ years of experience in managerial roles. Some universities, like Macquarie Business School, offer MBAs without work experience but prefer candidates with strong academic backgrounds.
• GMAT or GRE Score (May Be Waived): A GMAT score of 600+ is commonly required for top business schools like Melbourne Business School and AGSM. However, many universities offer GMAT waivers for applicants with strong academic records and work experience.
• English Language Proficiency: International students must submit proof of English proficiency. The required test scores typically include: IELTS: 6.5 – 7.0, TOEFL iBT: 90+, PTE Academic: 65+
• Statement of Purpose (SOP) & Essays: Most universities ask for an SOP or essay explaining your career goals, leadership experience, and reasons for choosing an MBA in Australia.
• Letters of Recommendation (LORs): You need 1-2 LORs from employers, professors, or senior colleagues highlighting your skills, achievements, and leadership potential.
• Interview (For Select Universities): Some top business schools conduct online or in-person interviews to assess your communication skills, motivation, and professional experience. Universities like AGSM and Melbourne Business School require an interview for shortlisted candidates.
• Valid Passport & Student Visa: You must have a valid passport and apply for a subclass 500 student visa, which allows you to study and work part-time in Australia.

Applying for an MBA in Australia involves multiple steps, from selecting a university to securing a student visa. A recent study by IDP shows that over 90,000 international students apply for business and management programmes in Australia every year. The application process varies slightly between universities, but the general steps remain the same.

Here’s a step-by-step guide to applying for an MBA in Australia:

• Step 1 - Research and Shortlist Universities: Explore MBA programmes, tuition fees, and entry requirements of different universities. Look at QS rankings, course curriculum, scholarships, and return on investment (ROI) to find the best fit for your career goals.
• Step 2 - Check Eligibility Criteria: Review the academic qualifications, work experience, English proficiency requirements, and GMAT/GRE scores needed for admission. Some universities offer GMAT waivers for students with strong academic or professional backgrounds.
• Step 3 - Prepare Required Documents: Gather all necessary documents, including academic transcripts, CV, Statement of Purpose (SOP), Letters of Recommendation (LORs), GMAT/GRE scores (if required), and proof of English proficiency (IELTS/TOEFL/PTE).
• Step 4 - Submit Online Application: Fill out the online application form on the university's official website and upload all required documents. Make sure to meet the application deadlines, as some universities have multiple intakes per year (January, July, and September).
• Step 5 - Pay the Application Fee: Most Australian universities charge an application fee ranging from AUD 100–150. Ensure timely payment to process your application smoothly.
• Step 6 - Receive an Offer Letter: If selected, you will receive a Letter of Offer (LOO) from the university. Some universities may send a conditional offer, requiring you to meet specific criteria before full admission is granted.
• Step 7 - Apply for an Australian Student Visa (Subclass 500): After receiving your Confirmation of Enrolment (CoE) from the university, apply for an Australian student visa. Ensure you meet the financial proof requirements and obtain Overseas Student Health Cover (OSHC) as part of the visa process.

Pursuing an MBA in Australia can be expensive, but several universities and organisations offer scholarships to help international students reduce tuition costs. According to IDP Australia (2024), over 50% of international MBA students in Australia receive some form of financial assistance. Scholarships are awarded based on academic excellence, leadership potential, financial need, and work experience.

Many top universities, including Melbourne Business School, UNSW, and Monash, offer scholarships covering partial to full tuition fees, making studying in Australia more affordable.

Below is a list of some of the top MBA scholarships in Australia.

The jobs and salaries after MBA in Australia are high enough to offer a decent standard of living. Graduates from the top business schools in Australia have a distinguished reputation in the international job market and are sought-after by the world's top companies.

In order to work after an MBA, students are required to apply for a post-study work permit. 

Based on their study type, the stay-back option could be anywhere from 18 months to 6 years. 

Some popular jobs and their estimated salaries for MBA in Australia are mentioned below:

Earning an MBA in Australia can significantly boost your earning potential. According to QS Global MBA Rankings 2024, MBA graduates in Australia earn an average starting salary of AUD 98,000 (₹53-55 lakhs per year), depending on the industry, job role, and work experience. Some roles, such as Management Consultants and Chief Executives, can earn even higher, with salaries reaching over AUD 150,000 (₹85 lakhs or more) annually.

The demand for MBA graduates is particularly high in consulting, finance, technology, and healthcare sectors, making Australia a lucrative destination for professionals looking for career growth.

Many universities in Australia offer MBA programmes without GMAT and work experience, making it easier for students to apply. While a GMAT score is commonly required for competitive MBA admissions, several Australian business schools prioritise academic performance, professional achievements, and interviews instead. Similarly, some universities do not require prior work experience, allowing fresh graduates to pursue an MBA immediately.

As per GMAC’s 2024 MBA Report, over 65% of business schools worldwide are making GMAT optional or waivable, including top universities in Australia. Additionally, some universities accept alternative qualifications, such as strong undergraduate grades, leadership experience, or a well-written Statement of Purpose (SOP), instead of GMAT or work experience.

Australian B-Schools That Don’t Require GMAT

Several universities in Australia waive the GMAT requirement if the applicant has a strong academic record, relevant certifications, or leadership experience. Here are some of the top MBA universities in Australia that do not require GMAT:

Australian B-Schools That Don’t Require Work Experience

Most top-ranked business schools in Australia require 2-5 years of work experience for an MBA. However, some universities accept students with no prior work experience, provided they have strong academic credentials and leadership potential.

Australia offers favorable post-study work opportunities for international MBA graduates. The country’s Post-Study Work (PSW) visa, under the Temporary Graduate Visa (Subclass 485), allows MBA graduates to stay and work in Australia for up to 4 years depending on their qualifications and the city they studied in.

According to the Australian Government’s 2024 migration updates, international students completing an MBA in Australia are eligible for:

• 2-4 years of post-study work rights under the Post-Study Work (PSW) stream.
• Extended stay options for graduates from regional universities (up to 5 years).
• Opportunities to apply for Permanent Residency (PR) pathways through employer sponsorship or the General Skilled Migration (GSM) programme.

Types of Work Permits After MBA in Australia:

Australia remains one of the top destinations for MBA graduates, not just for its world-class education but also for its strong career prospects and post-study work opportunities. With up to 4 years of post-study work rights, international students have ample time to gain industry experience and explore PR pathways.

If you're planning your MBA journey in Australia, our experts at Yocket Premium can guide you through the right visa options, post-study work opportunities, and PR pathways. Book a free consultation today and take the next step towards your dream career in Australia!