MBA at the University of Melbourne

The Master in Business Administration program is among the most popular course in India and abroad. Australia is home to some of the top-ranked universities offering an MBA. MBA is provided by the Melbourne Business School of the University of Melbourne, a 19th-century public research university founded by Hugh Culling Eardley Childers in 1853. It is located in Melbourne i.e., the cultural capital city of Australia. Melbourne Business School is best known for its MBA programs (Executive and Non-Executive), Marketing and Business Analytics, and short-term courses for professionals. Melbourne Business School courses are ranked among the best globally by the Financial Times 2022 and The Economist 2021.

Course Full Name	Master in Business Administration
Course Fee Structure	INR 45-50 lacs
Exam Required	GMAT, TOEFL, IELTS
Course Duration	2-years
Course Category	Full Time, Part-time, Online
Scholarships Available	Yes
Placement Opportunity	Yes
Acceptance Rate	70-80%
International Students Ratio	40-50%

Must Read: Study in Australia: Comprehensive 2023 Guide

About MBA at the University of Melbourne

Melbourne Business School which is jointly owned by the business community and the University of Melbourne is known for the best MBA degree as well as short courses for a professional and custom solution for organizations. Melbourne Business School provides a variety of programs:

Degree Programs	Short Courses	For Organization
Full-time MBA	Management Programs	Custom Solution
Part-time MBA	Leadership Programs	Training and Coaching
Master of Business Analytics	Change Program
Executive MBA	Strategy Program
Senior Executive MBA

Also read: Types of MBA

Popular MBA at the University of Melbourne

Full-time MBA

This course can be tailored to match the need of the student. Generally, its duration is 24 months but students can study for more than 24 months to receive the full MBA experience by taking advantage of exchange and internship opportunities. Students will complete twelve core and six elective subjects as a part of this program.

Part-time MBA

It is designed for those aspiring business leaders who want to make a difference without putting their life and work on hold. Its duration is 24 months. Students will complete twelve core and six elective subjects as a part of this program.

Master of Business Analytics

This degree course is designed for aspiring data professionals with a focus on personal skills as well as technical expertise. The duration of this program is 12 months. This program contains five subject modules.

Executive MBA

MBS executive MBA is designed for ambitious and motivated professionals with years of professional experience in management. It is designed in a format that suits their needs.  The executive MBA program covers a total of 18 modules conducted into four-day modules spread over 18 months. Professionals live and study at Melbourne Business School from Thursday to Sunday (away from the activity of work and home).

Senior Executive MBA

Melbourne Business School designed its Senior Executive MBA program for CEOs and other top leaders. This program consists of 10 nine-day modules, including seven, based at MBS and rests three overseas. During the module at the MBS campus, Senior Executives will stay on campus from Saturday to the following Sunday.

Why Study an MBA at the University of Melbourne?

• The city of Melbourne itself is regarded as one of the most student-friendly cities in the world.
• Melbourne Business School offers its flagship program in the form of a Full-time MBA in addition to a Master’s in Marketing and MBA joint degree. 
• Melbourne Business School has received programmatic and specialized accreditation from AACSB International and EQUIS.
• The school is also home to two world-leading research centres in Management including the Center for Sustainability and Business and the Center for Business Analytics.
• Melbourne Business School is a highly selective business school with an acceptance rate of just 37%. 
• The school also awards generous scholarships to assist students with tuition fees which are funded by private donors, the university, and the Australian government.
• Melbourne Business School ranks 1st in Australia for its MBA programs as per QS, Times Higher Education, and Financial Times Business Ranking 2022.
• MBS is home to over 200 student clubs and associations. 
• The average salary for an Executive MBA from Melbourne Business School is 1,26,000 AUD (INR 68L).
• The average salary for MBA from Melbourne Business School is 1,18,000 AUD (INR 64L).
• Melbourne Business School partners with enterprise and government organizations to co-design customized learning solutions that address their particular challenges through specialist centres, events, roundtables, and expert recruiters
• Melbourne Business School provides learning solutions including short courses, adapted to clients’ needs, fully customized programs to enhance organizational performance and culture, and coaching for individuals or teams. 

The University of Melbourne MBA Rankings

The ranking of the institution plays an important role during course selection. The following table shares the MBA  ranking received by Melbourne University / Melbourne Business School:

Source	Overall	Regional
Times Higher Education Rankings 2023	34	1
QS World University Ranking 2023	33	2
QS Global MBA Rankings 2022	26	1
QS Global EMBA Rankings 2021	29	1
FT Business School Rankings 2022	97	1
The Economist Full-time MBA Ranking 2021	34	1

The University of Melbourne MBA Fees

MBA fee varies from course to course at the University of Melbourne.

Courses	Fee (2022)
Master of Business Administration	AU$ 99,630 (INR 60.71 lakhs)
Executive MBA	AU$ 111,600 (INR 62.21 lakhs)
Senior Executive MBA	AU$ 135,900 (INR 75.79 lakhs)

Must Read: Cost of Studying in Australia

The University of Melbourne MBA Syllabus

The curriculum allows you to finish in two years and earn in-depth knowledge and skills, or you can finish sooner and change your job. The MBA programme is meant to provide students with practical skills that can be applied in any corporate setting. Check the Core Subjects and Electives in the table below:

Core Courses	Electives
Leadership	Brand Management
Data Analysis	Business Analytics
Managing People	Game Theory for Business Strategy
Managerial Economics	Business Law
Innovation Bootcamp	Innovation
Managerial Ethics and the Business	Implementation of strategy
Environment	Investments
Financial Accounting	Leadership and Change
Finance	Managerial Judgement
Marketing	Managerial project
Operations	Corporate Strategy
Business Strategy	Financial Analysis and valuation
Business in Complex Environments (Capstone)	Financial Institution
–	Fintech: Blockchain in the new economy
–	Consumer Behaviour
–	Managing Diversity in the Workplace
–	Marketing communication
–	Marketing research
–	Marketing strategy
–	Product management
–	Supply chain management
–	Mergers and Acquisitions
–	Corporate Finance

Eligibility Criteria

Check out the University of Melbourne MBA eligibility Criteria in the following points.

• An undergraduate degree of 3 or 4 years minimum from a recognized tertiary institution;
• Candidates are also required to submit at least two years of documented working experience; 
• An SOP (Statement of Purpose) letter outlining why the student wishes to be considered for that course in the university;
• GMAT minimum score requirement- 560
• GRE minimum score requirement- 310 with a minimum score of 157 in the Quantitative Section and 152 in the verbal section.
• IELTS score minimum requirement of 7.0 overall with no individual score less than 6.5
• TOEFL iBT scores a minimum of 102, and written score minimum of 24 and no band less than 21
• PTE overall score minimum of 65 with writing skill of a minimum of 65  and no other communicative skill below 50.

Documents Required

• Graduation transcripts 
• Post-graduation transcript if completed
• Evidence of citizenship (Passport)
• Name and contact details of two professional references.
• CV/ Resume (updated)
• Letter of Recommendation
• English Language Proficiency Test Score
• Statement of Purpose

Must Read: What are the Requirements to Study in Australia?

Application Process

The application process takes place over a period of time and begins months before the commencement of classes. The universities have two main intakes known as the fall intake and winter intake for international students to kickstart their journey. You can call our Leverage Edu experts on 1800 572 000 to find out how the application process can be fast-tracked and streamlined to Australia!

Here’s an easy 5-step process to complete your application process for an MBA at the University of Melbourne:

1. Call our experts on 1800 572 000 to shortlist your favourite universities and courses. Start your application to multiple universities through our one-dashboard platform
2. Compile all your documents like SOPs, essays, certificates and LORs and exam scores like IELTS, TOEFL, GRE, GMAT, etc
3. Meet all the application deadlines and start the application process for accommodation, Australia students visa, and scholarships/student loans.
4. Accept the offer letter and meet your teachers, college mates and roommates virtually
5. Get your visa approved and fly to your dream university!

Application Deadlines for MBA

Application Dates	Jan 30, 2023 (Application Deadline For 2024 Intake Round-2)
	Mar 31, 2023 (Application Deadline For 2024 Intake Round-3)
	May 31, 2023 (Final Application Deadline For 2024 Intake Round-4)

Must Read: Best MBA Colleges in Australia: The Ultimate Guide!

Cost of Living in Melbourne

Before enrolling at the university, international students must prepare their finances in advance. The total annual living costs include the following items.

Particulars	Estimated Amount Annually
Accommodation	19,000-38,000 AUS $ (INR 10 lacs – 20.5 lacs)
Health Insurance	1,330 AUS $ (INR 71,066)
Food and Groceries	4,160 – 7800 AUS $ (INR 2.2 lacs – 4-16 lacs )
Bills	50 – 100 AUS $ (INR 2,670 – 5,340 )
Miscellaneous	1000 AUS $ (INR 53,408 )

Click here to Check Student Accommodations in Australia!

Scholarships

Melbourne Business School provides a range of scholarships worth $2.7mn to the students that encourage diversity, provide opportunity and reward talent. 

Scholarship Name	Amount	Program	Category
BP Australia Scholarship in Business Analytics	50000$ (INR 27L)	Master of Business Analytics	All
Clemenger BBDO Scholarship	50000$ (INR 27L)	Full-time MBA Part-time MBA	All
Dean’s International Management Scholarship	Full Tuition Fee	Full-time MBA	International Students
Dean’s Scholarship for Women and Management	50000$ (INR 27L)	Senior Executive MBA	All
Diversity Excellence Scholarship	50000$ (INR 27L)	Full-time MBA	All
Helen Macpherson Smith Fellowship	30000$ (INR 16L)	Full-time MBA Part-time MBA	All
Kraft Heinz Scholarship	60000$ (INR 32L)	Full-time MBA Part-time MBA	All
MBS Foundation Indigenous Leadership Scholarship	Full Tuition Fee	Full-time MBA Part-time MBA Executive MBA Senior Executive MBA	Australian Indigenous applicants
MBS Scholarship	Not Fixed	Full-time MBA Part-time MBA Executive MBA Senior Executive MBA	All
SEMBA Class of 2003 Scholarship	50000$ (INR 27L)	Full-time MBA Part-time MBA Executive MBA Senior Executive MBA Master of Business Analytics	All
Wandering Warriors Scholarships	Full Tuition Fee	Full-time MBA Part-time MBA	All

Worried about expenses? Let Leverage Finance help you!

Placement Opportunity

Melbourne Business School community organizes regular recruitment events, CEO classroom visits, industry internships and class subjects that involve working with real clients. Melbourne Business School has a 90-95% placement success rate. The average salary for MBA from Melbourne Business School is 1,18,000 AUD (INR 64L). The average salary for an Executive MBA from Melbourne Business School is 1,26,000 AUD (INR 68L). 

Top Recruiters

The Top Recruiters who hire graduates of MBA from the University of Melbourne are:

• Boston Consulting Groups,
• Deloitte,
• Microsoft,
• EY,
• KPMG,
• Bain & Company,
• Accenture,
• Toll Group

Must Read: Best MBA Colleges in Australia: The Ultimate Guide!

What Makes the University of Melbourne’s MBA Unique?

Its unparalleled location in one of the world’s most liveable and business-friendly cities immerses students in a vibrant international community and a sophisticated economy with easy access to booming Asian markets.

Additionally, the MBA programme at the University of Melbourne is a challenging curriculum that is meant to help students attain their full potential and make a meaningful contribution to their careers. You’ll learn about business while cultivating an adaptive mindset, building resilience, and constructing a close network of inspiring and encouraging international peers.

Must Read: Benefits of Studying in Australia

Conclusion

The MBA programme at the University of Melbourne is an internationally acclaimed business education programme that offers students an immersive learning experience. This comprehensive degree is intended to provide students with the necessary abilities, knowledge, and practical experience to excel in today’s ever-changing business world. The MBA programme lasts two years and is divided into five modules: research, corporate strategy, financial management, business processes, and leadership. Students can complete their degrees either on-campus or online. For those looking to advance their business career, the Melbourne MBA is a good option.

FAQs

Are you planning to study MBA at the University of Melbourne but are not sure where to start? Call our Leverage Edu experts on 1800 57 2000 for end-to-end guidance from application to Visa process. Kickstart your study abroad journey with us today!