MBA in Australia

Australia is a diverse country and remains a foremost choice for international students who are aspiring to higher education abroad. A Masters in Business Administration (MBA) is a preferable course among other master’s degree courses. It is pertinent to mention that Indians have found Australia as an ideal and sought-after country to study with more than 70,000 students enrolled in various universities every year. Let’s find out the best MBA colleges in Australia and analyze the scope for opting MBA in Australia!

Course Name	MBA
Country	Australia
Top Ranking University	Australian National University
Course Duration	15 months – 2 years
Average Cost of Study	AUS $50,000 (INR 27.63 Lakhs)
GMAT/GRE	Required
IELTS/TOEFL	Required
Work Experience	Minimum of 2-4 years
Visa Duration	Usually between 2 – 4 years
Top Career Options	Project Manager. Account Head, Business Developer, Business Analyst, Development Manager, Brand Manager, etc.
Average Salary	AUS $95,000 (inr 53.2 lakhs)

Top Universities for MBA in Australia

In the Asia Pacific region, Australia has been recognized as the most sought-after country for an MBA degree. Take a quick look at the best universities for MBA in Australia for Indian students as per the QS Top Universities Rankings 2022:

Universities	QS Top Universities Rankings 2023	Minimum GMAT Score	Minimum Work Experience (in years)
Australian National University	#62	600	5
The University of Melbourne	#37	705	2
The University of Sydney	#41	550	3
The University of Queensland	#50	550	4
Monash University	#57	550	3
University of New South Wales	#45	650	2
The University of Adelaide	#109	500	2
The University of Western Australia	#90	650	2
University of Technology Sydney	#137	550	4
The University of Newcastle	#122	GMAT Score (Not Mandatory)	3

Also Read: Best MBA Colleges for MBA in Australia

5 Reasons to Pursue MBA in Australia?

An MBA degree equips students with the latest global trends in the business market and develops them into business professionals. Pursuing MBA in Australia will give more impetus to your career because of the country’s advanced growth and high-end educational institutions. This dynamic management field needs well-versed mentorship, practical exposure as well as theoretical knowledge with interactive classrooms. And we deem it wise to say that Australia fulfils all these relevant criteria. The Australian education system offers unmissable technology, high-end research centres, better career prospects that are praise-worthy and dream for every student. Completing an MBA or management education in Australia has a lot of advantages.

1. When you study management in Australia, you will graduate with a high-quality, globally recognized qualification that will help you advance your career at home or anywhere in the globe. In Australia, there are over 75 globally recognized MBA programs, many of which have worldwide accreditation from the AACSB and EQUIS.
2. Many Australian management and MBA courses allow overseas students to obtain experience by doing an internship with a local firm or by participating in an international exchange or study tour.
3. Australian management and MBA programs give students a blend of practical and academic education, with an emphasis on improving communication, interpersonal, and leadership abilities. Courses in Australia promote creativity and independent thinking.
4. With Australia’s multiculturalism, you will have the chance to study among students from a variety of cultures, providing you with a diverse cultural perspective on management. You will also get the opportunity to study in an atmosphere that combines Eastern and Western business and management approaches.
5. Amiable visa policies to study in Australia are equally playing a vital role in attracting international students. 

Also Read: How to Study MBBS in Australia?

MBA in Australia Eligibility Requirements

In order to apply for an MBA in Australia, you are required to qualify for certain eligibility requirements which mainly differ as per the course and university. Here are the basic eligibility prerequisites you must know before opting for an MBA program at an Australian university:

• You must have completed a bachelor’s degree in any field from a recognized institution with the minimum marks specified by your chosen university.
• Australian universities also require students to provide valid and competitive GMAT scores
• English language proficiency score such as IELTS/TOEFL is also required to pursue MBA in Australia.
• Work experience is not necessarily needed to apply for an MBA in Australia but rather preferred by top business schools for shortlisting the best candidates. Thus, having work experience of two-three years will surely prove beneficial in highlighting your profile from the rest of the candidates.

Note: The aforementioned eligibility requirements differ as per the MBA program and university. Thus, students are advised to go through the course details and requirements on the university’s official website.

Documents Required 

Enlisted below are some of the documents that can be asked from you by Australian universities when applying for an MBA in Australia. Have a look:

• Copy of past official transcripts and academic records 
• MBA essays 
• SOP
• LORs
• English Language Proficiency scores 
• Application form (duly filled and signed)
• Updated CV/Resume 
• Passport-sized photographs 
• Official student visa 
• Loan papers (if applicable)

Also Read: SOP to Study in Australia

Top MBA Programs in Australia

While the General MBA is the most popular course to pursue in Australia, there are varied specialized MBA courses offered by varied universities that you can choose from. Some of the top specialized MBA programs in Australia are as follows:

• MBA in Accounting and Finance
• MBA in Sports Management
• MBA in Event Management
• MBA in HR
• MBA in Hospitality Management
• MBA in Information Technology
• MBA in International Business
• MBA in Entrepreneurship

MBA in Australia Course Duration

Most Australian universities and B-schools offer MBA programs that last between 15 months and 2 years. Aside from that, several universities have begun to provide 1-year MBA programs as well which we will be discussing in the later section of the blog. Let’s look at the course duration of full-time MBA programs at some of the top universities in Australia. 

Universities	Course Duration
Australian National University	1.5 years
The University of Melbourne	16 months
The University of Sydney	18 months
The University of Queensland	1 year
Monash University	2 years
University of New South Wales	2 years
The University of Adelaide	18 months
The University of Western Australia	16 months
University of Technology Sydney	2 years
The University of Newcastle	1.5 years

MBA in Australia Cost

The entire cost of an MBA program in Australia from leading business school is between AUD 40,000 and AUD 63,000. For your convenience, we have produced a list of all expenses below:

To know more about the living and studying costs, check out the Cost of Studying in Australia!

Pre-Arrival Cost

Type of Expense	Cost (USD)
Application Fee	100 (approx)
Australian Student Visa Fee	485
IELTS Registration Fee	215- 240
TOEFL (iBT) Registration Fee	160- 250
GMAT Fee	250
GRE Fee	205

Post-Arrival Cost

A top business school’s MBA program in Australia costs between 40,000 and 63,000 USD in total. Among top-ranked institutions, UWA and La Trobe Business School charge the least for an MBA in Australia, while Melbourne Business School charges the most.

Tuition Fees

Universities	Full-time MBA Fees- Average (INR)
Australian National University	37 Lakh
The University of Melbourne	45.5 Lakh
The University of Sydney	49.3 Lakh
The University of Queensland	41.2 Lakh
Monash University	45 Lakh
University of New South Wales	44.2 Lakh
The University of Adelaide	41 Lakh
The University of Western Australia	30.5 Lakh
University of Technology Sydney	48 Lakh
The University of Newcastle	25 Lakh

Cost of Living

Aside from the tuition cost for the course, there are other conditions that must be met. The total monthly cost will range between A$ 5,000 to 10,000 (INR 2,73,469- INR 5,46,938), including lodging and food expenditures, transportation, additional course-related and personal expenses, and insurance. Take a look at the breakdown of average living expenses on a weekly basis for international students in Australia: 

Cost Type	Average Expense per Week (in AUD$)	Average Expense per Week (in INR)
Accommodation	100 – 300	5350 -16080
Recreation	80– 150	4287 – 8038
Course-related expenditure	15– 20	803 – 1072
Food/Groceries	140 – 280	7500– 5000
Utilities	10– 20	536 – 1072
Transportation	30– 60	1600 – 3215

Note: The aforementioned expenses and costs are only indicative and average estimates. These costs can vary as per the city, university as well as course and other related factors. You can check your cost of living in Australia as an international student with help of our amazing Cost of Living Calculator!

Also Read: How to Apply for Australia Visa: A Step by Step Guide

Cost in Indian Rupees

University Name	Fees (INR)
Melbourne Business school	INR 25.60 Lakh
UNSW (AGSM)	INR 43.60 Lakh
Monash Business School	INR 22.80 Lakh
Macquarie Business School	INR 20.70 Lakh
UQ Business School	INR 42.50 Lakh
University of Western Australia Business School	INR 38.10 Lakh
Australian National University	INR 24.80 Lakh
Unisa Business School, University Of South Australia	INR 20.80 Lakh
Otago Business School	INR 23.10 Lakh
Uts Business School, University Of Technology	INR 49.20 Lakh

Scholarships/Financial aid for MBA in Australia

MBA students in Australia can apply for a variety of foreign scholarships. Some of the popular business schools and scholarships for overseas students in Australia are mentioned below:

Scholarships	Amount in AUD
MBA Scholarship for Outstanding Students BY UTS Business School	1849- 4624 (INR 1.02 Lakh- INR 2.55 Lakh)
MBA Student Scholarship by UQ Business School	25% tuition fee waiver
International Excellence Scholarship for India and South Asia Business and Law Scholarships by the UON Faculty of Business and Law	11800- 55495 (INR 6.51 Lakh- INR 30.63 Lakh)
UOW Postgraduate Academic Excellence Scholarship by Sydney Business School	10% to 30% tuition fee
MBS Scholarship by Melbourne Business School	Amount varies
Kraft Heinz Scholarship by Melbourne Business Schoool	41549 (INR 22.93 Lakh)
AGSM Global Reach Scholarship and AGSM Excellence Scholarship by the Australian Graduate School of Management	Amount varies
Monash MBA International Women in Leadership Scholarship by Monash Business School	22196 (INR 12.25 Lakh)
Adelaide MBA Scholarship by Adelaide Business School	25% of the tuition fee
ANU College of Business and Economics India Excellence Scholarship by Australian National University	20 students are selected and are given an amount of 9247 (INR 5 Lakh)

Affordable MBA Options in Australia 

If you think that the cost of studying MBA in Australia is too high which is making a hole in your pockets then you may have to check out some of the affordable MBA options available in Australia. Enlisted below are the top universities that are offering budget-friendly and quality MBA programs to international students in Australia. 

Universities	Average 1-year Tuition Fee in AUD	Average 1-year Tuition Fee in INR (approx.)
Kaplan Business School	15,375	8.62 Lakh
Holmes Institute	17,600	9.86 Lakh
Charles Darwin University	20,560	11.5 Lakh
Edith Cowan University	20,600	11.5 Lakh
Victoria University	20,940	11.7 Lakh
Central Queensland University	21,355	11.9 Lakh
Federation University	21,400	11.9 Lakh
University of Southern Queensland	21,500	12 Lakh
Southern Cross University	21,904	12.2 Lakh
James Cook University	22,500	12.6 Lakh

Also Read: Canada vs Australia: Where Should You Study in 2021?

MBA in Australia without Work Experience 

MBA in Australia without work experience allows students to pursue an MBA degree without having any prior work experience. Australia, with its amazing educational structure and a quality system that ensures the simple best, is exceptional and well-liked by students from all over the world. Some top Australian universities let students with little or no work experience into their MBA programs. A list of all such schools and universities that offer  MBA in Australia without work experience is given below:

Universities	Duration of the Course
Monash University	2 years
Bond University	1 year
Macquarie University	1 Year
University of Tasmania	1.7 years
University of Canberra	2 years
Australian National University	1.5 years
University of Western Australia	16 months
University of Technology, Sydney	2 years
Central Queensland University	1-2 years
The University of Melbourne	16 months

MBA in Australia Without GMAT

Do you know that you can actually pursue study MBA in Australia without GMAT? Many Australian universities and business schools recognize that the GMAT may not be the best predictor of an applicant’s aptitude for the MBA. This viewpoint is widely held in Australia, where candidates without GMAT results are accepted by a number of well-known, highly-ranked colleges. We’ve compiled a list of such colleges for you to peruse below.

1. Monash University
2. RMIT University
3. University of Technology Sydney (UTS)
4. Macquarie University
5. Deakin University
6. Curtin University
7. University of Adelaide
8. University of South Australia
9. University of Wollongong
10. La Trobe University
11. University of Newcastle
12. University of Western Sydney

MBA in Australia Without IELTS

IELTS is a language competency test designed to gauge a student’s level of English language ability. This enables the students to interact with locals and fit in with the community. But there are other ways to assess that besides IELTS. In addition to IELTS, several Australian colleges also accept applicants through other means.

• Without IELTS, students must submit an online application to Australian colleges. The good study must be done on the colleges. To apply, the student must provide an academic transcript, an SOP, a LOR, a passport, proof of work experience, etc. The shortlisted applicants must participate in a video interview. Here, the interviewer will assess how well you speak English.
• Additionally, more than 3000 institutions and colleges in Australia, New Zealand, and the UK take the Pearson Test of English, generally known as the PTE. PTE is used by the Australian government for a variety of purposes.

MBA in Australia Intakes

Intakes in Australian Universities	Starting Month
February/Semester 1/T1	Late February/ Early March to late June
July/ Semester 2/T2	Late July/Early August to November
September/ Semester 3/T3	Late October /Early November to February.

Student Visa to Study in Australia 

International candidates and students must have an Australian student visa in order to enter the country and complete their MBA courses or programs. You may do the same by paying 620 AUD (34,228 INR) via an online application and supplying the following papers when applying for a visa:

• Valid passport 
• Valid ID proof 
• Acceptance/offer letter from a university in Australia
• Health insurance details 
• English language proficiency certificate and scores
• Passport-sized photographs (recent)
• Application form (duly filled and signed)

Work Visa Post MBA in Australia

International students who have just graduated from an Australian university are eligible for an Australian work Visa. After finishing their MBA studies, the students are allowed to reside, work, and study in Australia for a limited time. As primary candidates, students can only get a Temporary Graduate visa (SUBCLASS 485) once. This Temporary Graduate visa is divided into two categories:

• The Graduate Work stream
• The Post-Study Work stream

The primary applicant covered by the application must be present in Australia both while applying for a visa and when his or her visa is decided. Further, the qualification of the applicant must correspond to an occupation included on the occupation skilled list for receiving the Graduate Work stream visa. The visa holder in this category is permitted to stay for a duration of 18 months. Aside from that, the applicant’s criterion for obtaining the Post-Study Work stream visa must be a higher education degree. The visa holder in this category is permitted to stay for 2 to 4 years.

Also Read: All About Australian Visa Types

Minimum GMAT Scores Required for MBA in Australia

Universities	QS Top Universities Rankings 2023	Minimum GMAT Score
Australian National University	=27	600
The University of Melbourne	37	705
The University of Sydney	38	550
The University of Queensland	47	550
Monash University	58	550
University of New South Wales	43	650
The University of Adelaide	108	500
The University of Western Australia	93	650
University of Technology Sydney	133	550
The University of Newcastle	197	GMAT Score (Not Mandatory)

Work Experience Required for MBA in Australia

Universities	Minimum Work Experience (in years)
Australian National University	5
The University of Melbourne	2
The University of Sydney	3
The University of Queensland	4
Monash University	3
University of New South Wales	2
The University of Adelaide	2
The University of Western Australia	2
University of Technology Sydney	4
The University of Newcastle	3

Also Read: Temporary Graduate 485 Visa Australia

Jobs after MBA in Australia

Since an MBA from Australia is globally recognized, you may apply for jobs anywhere in the globe as well as in Australia after completing your MBA degree. Following an MBA from Australia, students are typically given employment in mid-level managerial positions. Finance is Australia’s highest-paying industry, followed by technology and consulting. The table below shows the average yearly income paid to MBA graduates in Australia by industry:

Job Prospects	Average Salary in AUD (annual)	Average Salary in INR (annual)
Accounting Manager	179,602	1 crore
Financial Manager	182,263	1.02 crore
General Manager	143,682	80.61 Lakh
Business Development Manager	147,673	82.8 Lakh
Assistant BD Manager	126,919	71.2 Lakh
Project Manager	118,404	66.4 Lakh
HR Manager	106,431	59.7 Lakh
Development Manager	123,726	69.4 Lakh

Also Read: Australia Relaxes Visa Norms for International Students

FAQs

Are you confused about the right university to pursue an MBA in Australia? Don’t worry, our experts at Leverage Edu can help you choose the right destination that matches your profile and interest. You can also follow us on Instagram, Twitter, Facebook, LinkedIn, and YouTube & can also subscribe to our newsletter for more regular updates.