Australia is a diverse country and remains a foremost choice for international students who are aspiring for higher education abroad. 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. Through this blog, we analyse the scope for opting MBA in Australia.
Check Out: How to Study MBBS in Australia?
This Blog Includes:
Planning to study in Australia?
Register here for a FREE Consultation Session with our Experts!
Why Pursue an 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 are praise-worthy and dream for every student. Amiable visa policies to study in Australia are equally playing a vital role in attracting international students.
Eligibility Criteria for MBA in Australia
In order to apply for an MBA in Australia, you are required to qualify 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 programme at an Australian university:
- You must have completed a bachelor’s degree in any field from a recognised institution with the minimum marks specified by your chosen university.
- Australian universities also require students to provide GMAT scores along with language proficiency scores such as IELTS, TOEFL, etc. which are an essential prerequisite you must make sure of.
- 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 a work experience of two-three years will surely prove beneficial in highlighting your profile from the rest of the candidates.
- A Statement of Purpose (SOP) as well as Letters of Recommendation (LORs).
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.
Must 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 specialised MBA courses offered by varied universities that you can choose from. Some of the top specialised 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
Admission Deadlines & Course Fees
Generally, the admission intake to study in Australia is open for February and July while many universities offer multiple intakes in September and November as well. Since the universities have a long admission haul for MBA programs from across the globe, it is important to send your application within the deadline which varies from one university to another. Moreover, when it comes to the course fees, here are the fee details  of top business schools offering MBA in Australia:
|University||Average Fees (2019)|
|University of Queensland||76,584 AUD (roughly 39,44,100 INR)|
|Melbourne Business School||89,500 AUD (roughly 46,09,200 INR)|
|AGSM, University of New South Wales||84,000 AUD (roughly 4325950 INR)|
|Macquarie Graduate School of Management||80,000 AUD (roughly 41,19,950 INR)|
To know more about the living and studying costs, check out the Cost of Studying in Australia!
Top Universities for MBA in Australia
In the Asia Pacific region, Australia has been recognised 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 2020:
|Universities||QS Top Universities
|Australian National University||#29|
|The University of Melbourne||#38|
|The University of Sydney||#42|
|University of New South Wales||#43|
|The University of Queensland||#47|
|The University of Western Australia||#86|
|The University of Adelaide||#106|
|University of Technology Sydney||#140|
|The University of Newcastle||#207|
UTS Business School
UTS Business School is a part of the University Technology Sydney. It offers excellent and high-quality education in Management Studies. With its executive development program and MBA, the place is recognised internationally for its innovative research. Traditionally it has 5 academic disciplines – Accounting, Finance, Management, Marketing and Economics preparing students for a world that demands more than specialist expertise. The curriculum incorporates a comprehensive, interdisciplinary approach to bring together knowledge from diverse fields. In order to set your feet in the university, you need to have proper documentation available which includes – your academic records, English proficiency score and details of relevant work experience.
Also Read: Best MBA Colleges for MBA in Australia
Melbourne Business School
This graduate business school of The University of Melbourne offers dynamic education in Business Management along with training programs in leading multinational companies in the country. If you are planning to go for an MBA in Australia, Melbourne Business School has full-time, part-time and executive MBA programs for students as well as working professionals. The school aims to impart advancing business knowledge, promote individual development and organisational capacity since 1955. To impress your examination committee, you should score 705 or above.
Australian National University
If you are planning to study in one of the top universities for MBA in Australia, which is ranked 1st in the country and 24th in the world by QS Ranking 2019, then ANU is the place for you. Prior to learning, the university aims to build upon management experience. The MBA program provides students with essential business and administration knowledge and skill to grab a management position. With the aim to promote quality interaction among students and teachers, most management seminars and tutorials have around 20 and 50 students. In order to hold your seat in the Australian National University, you need to have a GMAT score of 600, bachelor’s degree or international equivalent with credit average GPA of 5.0 to 7.0 and a minimum of 5 years of work experience is highly preferred other than proof of English language proficiency.
Also Read: Master of Management in Australia
Central Queensland University
It’s time to increase your understanding and the application of best-practice business and management knowledge to improve organisational effectiveness through pursuing Central Queensland University’s MBA program. With the aim to gain different perspectives and approaches to current and emerging business issues and needs, the program is available both full- and part-time. As an international student, you are required to have completed a bachelor’s degree or equivalents from a recognised higher education institution. If you are thinking of an MBA in Australia, develop your skills in areas such as operations management, finance and change management, people management and strategy and marketing now with CQUniversity!
University of New South Wales
The UNSW Business School offers an MBA which is an internationally recognised degree designed to develop management skills that will help students acquire jobs in the public sector, government and private industry. The course can take full- or part-time and includes both core and elective subjects that allow you to follow your own interests. In order to pursue an MBA in Australia with the University of New South Wales, you should attain a GMAT score of more than 650 along with 2 years of work experience in a relevant sector.
Must Read: Australia Student Visa
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 with your profile and interest.