Whether you’ve just completed your bachelor’s and planning do your business studies in Australia or you’re a working professional looking to enhance your skills and career through a prestigious MBA degree in Australia, we’re here to guide you. This post covers top MBA colleges in Australia cost involved, scholarships, requirements, cheapest MBA in Australia for international students in Australia, job prospects post-graduation, and more.
Why Study MBA In Australia?
- Quality Emphasis:
- The Australian government prioritizes the quality of MBA programs.
- GMAA uses a five-star system to monitor and rate MBA courses.
- Top-Ranked Business Schools:
- Thirteen Australian business schools rank in the QS World University Ranking 2022.
- Melbourne Business School holds the top position, showcasing excellence.
- Accreditation and Rankings:
- MBA universities in Australia are highly ranked and accredited.
- Macquarie Business School’s MBA program is accredited by AACSB.
- Cost Advantage:
- Living costs in Australia are high but favorable compared to the UK or USA.
- Cost of studying and living in Australia is comparatively low.
- Part-Time Work Opportunities:
- International students can work part-time (40 hours in two weeks).
- Open to all sectors, providing work experience and monetary support.
- Early Work Opportunities:
- Students arriving before the MBA term can start working immediately.
- Gain work experience even before starting college.
Top MBA Universities In Australia For Indians
| Logo | University/College | Program | Details | More Details |
|---|---|---|---|---|
 | University of Melbourne | Master of Business Administration | Melbourne, Australia 2 Years On-Campus Full-time 2023-24: AUD 39,168 | More Details |
 | University of New South Wales Business School | Master of Business Administration | Sydney, Australia 1 Year On-Campus Full-time 2023-24: AUD 64,680 | More Details |
 | Macquarie Business School | Master of Business Administration | Sydney, Australia 2 Years On-Campus Full-time 2023-24: AUD 23,500 | More Details |
 | RMIT University | Master of Business Administration | Melbourne, Australia 2 Years On-Campus Full-time 2023-24: AUD 59,250 | More Details |
 | Curtin University | Master of Business Administration | Perth, Australia 2 Years On-Campus Full-time 2023-24: AUD 121,000 | More Details |
MBA Courses In The Australia
| Specialization | Description | Skills | Careers |
|---|---|---|---|
| Finance and Investment Banking | Equips graduates to navigate financial markets, manage risk, and make strategic investment decisions. Careers in investment banking, hedge funds, and corporate finance offer substantial compensation. | Financial analysis, risk management, strategic decision-making. | Investment banker, hedge fund manager, corporate finance manager. |
| Data Analytics and Business Intelligence | Focuses on analyzing vast datasets, extracting valuable insights, and providing actionable recommendations. In high demand as organizations rely on data-driven decision-making. | Data analysis, business intelligence, data interpretation. | Data analyst, business intelligence analyst, data scientist. |
| Information Technology Management | Combines business acumen with technological proficiency. Graduates often find themselves in leadership roles overseeing IT departments, technology projects, and digital transformation initiatives. | Technology management, business strategy, digital transformation. | IT manager, technology director, digital transformation specialist. |
| Marketing Management | Focuses on creating impactful marketing campaigns, analyzing consumer behavior, and driving brand growth. | Marketing strategy, consumer behavior analysis, brand management. | Marketing manager, product manager, brand strategist. |
| Consulting | Involves offering expert advice to businesses for problem-solving. Requires strong analytical, communication, and strategic thinking skills. | Strategic consulting, problem-solving, communication. | Management consultant, strategy consultant, business analyst. |
Best Management Courses In Australia For Indians
| Logo | University/College | Program | Details | More Details |
|---|---|---|---|---|
 | University of Melbourne | Management | Victoria, Australia 2 Years On-Campus Full-time 2024-25: USD 52,512 | More Details |
 | Monash University | Management | New York, USA 2 Years On-Campus Full-time 2024-25: USD 52,463 | More Details |
MBA Scholarships In Australia
In Australia, there are numerous scholarships offered by universities, colleges, and government bodies to assist international students in funding their studies. These scholarships, grants, and bursaries cater to various fields and academic levels. It’s crucial to carefully review eligibility criteria and application deadlines when considering applying for these financial aids.
The best MBA scholarships in Australia are:
- University of Melbourne
- Deakin University
- Australian National University
- Curtin University
- University Of Sydney
MBA In Australia Eligibility For Indians
These are the requirements for MBA in Australia. There are certain requirements that are specific to each college.
- Academic Criteria: Minimum 60% at the undergraduate level.
- Work Experience: Minimum of 2 years of work experience.
- Language Proficiency: English language proficiency scores are required.
Here are some of the exams that are important for MBA candidates to know about if you are searching for UK best university for MBA.
| Standard Examinations | Tests |
|---|---|
| English Language Proficiency | IELTS , TOEFL, PTE, DET |
| Other Tests | GRE and GMAT |
Statement Of Purpose – SOP For MBA In Australia
SOP for MBA admission in the Australia holds immense importance for admission to Australian universities, serving as a crucial document for obtaining a visa. In a sea of impressive resumes and high academic achievements, a well-crafted SOP becomes a pathway to stand out. Admission panels face the challenge of selecting candidates, making a unique SOP essential for securing a seat. It provides an opportunity to articulate career aspirations, motivations behind course and university choices, and a narrative beyond academic documents in a distinguished manner.
Guidelines To Write An SOP For MBA In Australia
- Introduction:
- Introduce yourself and educational background.
- Highlight academic interests and career goals.
- Study in Australia:
- Explain the appeal of studying in Australia.
- Specify aspects of the Australian education system that attract you.
- Past Experiences:
- Discuss previous experiences and achievements.
- Connect how prior studies and work prepare you for Australia.
- Future Plans:
- Describe post-graduation plans and aspirations.
- Outline what you hope to achieve after Australian studies.
- Proofread Carefully:
- Before submission, proofread for grammar and spelling errors.
- Ensure a meticulous review for accuracy.
We have covered a detailed post you may check here .
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MBA Duration In Australia
MBA Duration in Australia:
- Typically, MBA courses last 15 months to 2 years.
- Some universities also provide a one-year MBA option.
Best 1 Year MBA Programs In The Australia
A one-year MBA degree in Australia offers students a chance to stay abreast of global business trends. The course not only equips them with the latest insights but also positions them as adept business professionals. Studying in Australia adds a significant boost to one’s career, thanks to the top-notch educational institutions and the country’s progressive growth.
Eligibility Criteria
- Undergraduate Degree
- GMAT or GRE Score
- Work Experience
- Language Requirements
- Passport & Visa
| Logo | University/College | Program | Details | More Details |
|---|---|---|---|---|
| University of Melbourne | Master of Business Administration | Melbourne, Australia 2 Years On-Campus Full-time 2023-24: AUD 39,168 | More Details |
 | Australian National University | Master of Business Administration | Canberra, Australia 2 Years On-Campus Full-time 2023-24: AUD 46,680 | More Details |
 | University of New Castle | Master of Business Administration (MBA) | Callaghan, Australia 1 Year On-Campus Full-time 2023-24: AUD 25,400 | More Details |
MBA Fees In Australia For Indians
How Much Will It Cost To Do MBA In Australia?
The average cost of studying an MBA in this country is AUD 60,000 per year. International students may pay between AUD 16,000 to AUD 126,000, considering a 3% increase in tuition rates at Australian universities.
Expenses Incurred By Students Before Going To The Australia
This table shows the cost of living on an average for an MBA student in Australia.
| Factors | Average Cost Per Month (AUD) | Average Cost Per Month (INR) |
|---|---|---|
| Accommodation | 743 | 40,756 |
| Food & Groceries | 416 | 22,818 |
| Transportation | 89 | 4,881 |
| Household Bills | 29 | 1,591 |
| Shopping | 223 | 12,232 |
| Miscellaneous | 29 | 1,590 |
For detailed information on Expenses , you may fill the form click here.
Cheapest MBA In Australia For Indians
| Logo | University/College | Program | Details | More Details |
|---|---|---|---|---|
 | Kaplan Business School | Master of Business Administration | Sydney, Australia 2 Years On-Campus Full-time 2023-24: AUD 50,400 | More Details |
 | Holmes Institute | Master of Business Administration | Melbourne, Australia 2 Years On-Campus Full-time 2023-24: AUD 30,000 | More Details |
 | Central Queensland University | Master of Business Administration (MBA) | Rockhampton, Australia 2 Years On-Campus Full-time 2023-24: AUD 24,948 | More Details |
MBA Colleges In Australia Without GMAT And Work Experience
Without GMAT
Many universities worldwide, including those in Australia, recognize that the GMAT might not be the sole indicator of an applicant’s MBA readiness. In Australia, several prestigious universities, known for their high rankings, accept applicants without GMAT scores, emphasizing a holistic approach to evaluating candidates.”
Universities In Australia For MBA Without GMAT:
- Monash University
- Macquarie University
- Griffith University
Without Work Experience
Here is the list of the top 5 Universities in Australia For MBA
Here are top MBA colleges in Australia without experience
- University of Newcastle
- RMIT University
- University of Tasmania
- Southern Cross University
- James Cook University
MBA Jobs And Salaries In Australia For Indians
Find out various types of jobs for MBA graduates in Australia with average salaries in the below table.
| Job Roles | Average Salary (AUD) | Average Salary (INR) |
|---|---|---|
| Business Development Manager | 111,000 | 60,88,711 |
| General Manager | 108,000 | 59,24,152 |
| Assistant BD Manager | 95,400 | 52,33,001 |
| Manager | 122,000 | 66,92,098 |
| Accounting Manager | 135,000 | 74,05,190 |
| Project Manager | 89,000 | 48,81,940 |
| Employee Relations Manager | 80,000 | 43,88,260 |
| Organizational Development Manager | 93,000 | 51,01,353 |
Top Companies Hiring MBA Graduates In Australia
| Top Recruiters | Average Annual Salary (AUD) | Average Annual Salary (INR) |
|---|---|---|
| Commonwealth Bank of Australia | 84,000 | 46,07,673 |
| ANZ Banking Corporation | 45,000 | 24,68,396 |
| Woolworths | 123,000 | 67,46,950 |
| Telstra corporation Ltd | 126,000 | 69,11,510 |
| Westpac Banking Corp | 135,000 | 74,05,190 |
| Allianz Global investors | 132,000 | 72,40,630 |
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Frequently Asked Questions
What is the salary of MBA in Australia 2023?
MBA salaries can vary widely based on the industry and specialization. With five years of experience, MBA graduates can earn between AUD 80,000 and AUD 150,000 annually.
What is Executive MBA in Australia for international students?
The Executive MBA is a practice-oriented graduate business degree, designed for experienced employees wishing to learn alongside like-minded people to advance leadership, business and management skills.
What is the salary post completion of Executive MBA here?
AUD 120,000 to 250,000