MBA in Australia

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MBA in Australia

Australia is a diverse country and remains a foremost choice for international students who are aspiring for 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 28.01 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 2022 Minimum GMAT Score Minimum Work Experience (in years)
Australian National University =27 600 5
The University of Melbourne 37 705 2
The University of Sydney 38 550 3
The University of Queensland 47 550 4
Monash University 58 550 3
University of New South Wales 43 650 2
The University of Adelaide 108 500 2
The University of Western Australia 93 650 2
University of Technology Sydney 133 550 4
The University of Newcastle 197 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. 

Check Out: 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 the 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)

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 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 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 of 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 schools 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 426
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 programme 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 lakhs 
The University of Melbourne 45.5 lakhs 
The University of Sydney 49.3 lakhs 
The University of Queensland 41.2 lakhs 
Monash University 45 lakhs 
University of New South Wales 44.2 lakhs 
The University of Adelaide 41 lakhs 
The University of Western Australia 30.5 lakhs 
University of Technology Sydney 48 lakhs 
The University of Newcastle 25 lakhs 

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!

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

Cost in Indian Rupees

University Name Fees (INR)
Melbourne Business school 25 Lakhs and 60 Thousand
UNSW (AGSM) 43 Lakhs and 60 Thousand
Monash Business School 22 Lakhs and 80 Thousand
Macquarie Business School 20 Lakhs and 70 Thousand
UQ Business School 42 Lakhs and 50 Thousand
University of Western Australia Business School 38 Lakhs and 10 Thousand
Australian National University 24 Lakhs and 80 Thousand
Unisa Business School, University Of South Australia 20 Lakhs and 80 Thousand
Otago Business School 23 Lakhs and 10 Thousand
Uts Business School, University Of Technology 49 Lakhs and 20 Thousand

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 101128- INR 252904)
MBA Student Scholarship by UQ Business School 25% tuition fee waiver
International Excellence Scholarship for India and South Asia Business and Law Scholarships by UON Faculty of Business and Law 11800- 55495 (INR 645387- INR 3035235)
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 2272474)
AGSM Global Reach Scholarship and AGSM Excellence Scholarship by Australian Graduate School of Management Amount varies 
Monash MBA International Women in Leadership Scholarship by Monash Business School 22196 (INR 1213984)
Adelaide MBA Scholarship by Adelaide Business School 25% of 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 505754)

Affordable MBA Options in Australia 

If you think that the cost of studying MBA in Australia is too high that 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 lakhs 
Holmes Institute 17,600 9.86 lakhs 
Charles Darwin University 20,560 11.5 lakhs 
Edith Cowan University 20,600 11.5 lakhs 
Victoria University 20,940 11.7 lakhs 
Central Queensland University 21,355 11.9 lakhs 
Federation University 21,400 11.9 lakhs 
University of Southern Queensland 21,500 12 lakhs 
Southern Cross University 21,904 12.2 lakhs 
James Cook University 22,500 12.6 lakhs

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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. 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 Deadlines

Course Deadline
MBA at Melbourne B-School 30 Nov, 30 Jan 31 Mar, 31 May
MBA at AGSM 1 Aug, 1 Sep, 1 Oct 1 Nov, 1 Dec, 1 Feb
MBA at Macquarie 8 Nov, 7 Mar 23 May, 22 Aug
MBA at UWA 5 Dec
MBA at UQ Business School 30 Nov
MBA at ANU 22 Dec
MBA at Deakin 20 Jan

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 (35,000 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 a primary candidate, 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.

Minimum GMAT Scores Required for MBA in Australia

Universities QS Top Universities Rankings 2022 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 Requried 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 lakhs 
Business Development Manager 147,673 82.8 lakhs 
Assistant BD Manager  126,919 71.2 lakhs 
Project Manager 118,404 66.4 lakhs 
HR Manager 106,431 59.7 lakhs 
Development Manager 123,726 69.4 lakhs 

Australia Relaxes Visa Norms for International Students

FAQs

Is an MBA worth it in Australia?

According to MBA News Australia, the MBA market in Australia is valued at A$500 million, with 20,000 students now studying at more than 30 Australian institutions. In Australia, the typical MBA program costs around A$47,500.

How long is MBA in Australia?

A normal MBA program in Australia lasts 15 months to two years. However, numerous colleges also offer a one-year MBA program.

Is Australia cheaper than the UK?

While consumer prices (on average) are 12% lower in the UK, buying power is 16% lower (because of lower pay). In general, life is better in Australia.

Is MBA in demand in Australia?

According to the survey, MBA graduates from Australian institutions earn high wages due to strong demand for MBAs among multinational businesses across Asia and the success of Australian business schools in recruiting and placing Asian applicants throughout the region.’

Is it easy to get a job in Australia after MBA?

Australia offers a solid employment market for competent MBA professionals, aided by internship programs and placement abilities. According to the most recent placement statistics, The Melbourne Business School has an 88 percent placement rate. The Australian Graduate School of Management (AGSM) has a 69 percent placement rate.

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.

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