MBA in Australia

Based on the QS Global MBA Ranking 2023, the top five business schools in Australia rank under the global top 100. Also, Australian cities like Melbourne and Sydney rank at five and nine, respectively, in QS Best students cities 2023. This makes Australia a favored and world’s leading academic destination for higher education aspirants from around the world.

Pursuing MBA in Australia brings a transformative experience, opening doors to exciting career opportunities and providing a solid foundation for professional growth. With its renowned universities, vibrant business environment, and international appeal, Australia offers MBA courses with a comparatively reasonable study cost. The country has beautiful cities, a gorgeous coastline, natural attractions, top-class infrastructure, and a multicultural environment.

Course Highlights

Duration	1 to 2 years
Average Tuition Fee	AUD 60,000 to AUD 100,000
Course Type	Full-time, Part-time, Accelerated
Exams Required	GMAT/GRE and IELTS/TOEFL
Eligibility Criteria	Undergraduate degree, GMAT/GRE scorecard,
Average Salary Range Annually	AUD 77,845 to AUD 120,907

Why Study MBA in Australia

Australian cities ranked the best student cities globally have drawn significant interest and become an education hub for overseas students. Following reasons support the student's choice to study MBA in Australia.

Quality Education: Australian business schools and universities have a strong reputation internationally and are globally recognized for their high-quality education. The MBA programs in Australia are designed to provide a strong foundation in business principles, critical thinking, and practical skills required for success in the corporate world.
Employability Scope: Obtaining an Australian MBA degree enhances your credentials and increases your chance of employment worldwide. It opens up career prospects for you in the field of Marketing, Sales, Management, Operations, Finance, Accounting, and many others. It lands you an annual average salary ranging from AUD 77,845 to AUD 120,907.
Cultural Diversity: Australia’s welcoming environment makes it a multicultural country with a diverse student population. Studying in such an environment offers global exposure to you, building varied perspectives toward cultures.

Post-Study Work Opportunity: Upon completing your MBA, you become eligible for a post-study work visa in Australia. It allows you to apply your acquired knowledge, gain practical work experience in the country, build professional networks, and secure long-term employment opportunities in Australia.

Best MBA Universities in Australia

When it comes to an MBA in Australia for Indian students, there are many leading institutions worth considering. Here are the top MBA colleges in Australia, their QS Ranking, and other details.

Name of Institution	City	2023 QS Global MBA Rankings	Course Duration
Melbourne Business School	Melbourne	27	2 years
University of New South Wales (UNSW)	Sydney	31	1 year/2 years
Macquarie Business School, Macquarie University	Sydney	82	1.5 to 2 years
Monash Business School	Melbourne	84	2 years
The University of Queensland	Brisbane	87	1 year
The University of Western Australia Business School	Perth	111-120	12 to 18 months
Australian National University	Canberra	121 - 130	1.5 years
RMIT University School of Business and Law	Melbourne	151 - 200	1.5 years (accelerated) 2 years (full-time)
Unisa Business School, University of South Australia	Adelaide	151 - 200	1.5 years
Uts Business School, University of Technology Sydney	Sydney	151 - 200	2 years (full-time) 4 years (part-time)

MBA Specializations in Top Universities in Australia

Most of the best MBA colleges in Australia offer specialization in General Management. There are several other Australian universities that offer the below-mentioned specializations:

Institution	Specialization
Western Sydney University	Applied Finance Operations Management
Australian National University	Management Core Management Essential
University of Newcastle	International Business
Deakin University	Finance Accounting Human Resource Management Marketing Project Management Supply Chain Management

Tuition Fee in Top Universities for MBA in Australia

Here is a guide to the average tuition fee for MBA in Australia:

Institution	Tuition Fee
Melbourne Business School	AUD 99,630
University of New South Wales (UNSW)	AUD 81,720
Macquarie Business School, Macquarie University	AUD 60,000+
Monash Business School	AUD 100,000
The University of Queensland	AUD 84,648
The University of Western Australia Business School	AUD 67,350
Australian National University	AUD 46,680 annually
RMIT University School of Business and Law	AUD 72,000 (for 1.5 years accelerated MBA) AUD 96,000 (for 2 years full-time MBA)
Unisa Business School, University of South Australia	AUD 37,800 annually
Uts Business School, University of Technology Sydney	AUD 22,895 annually

Intakes for MBA in Australia

The following table represents the intakes and admission deadlines in top Australian universities to pursue MBA.

Institution	Intake (Commencement Date)	Application Deadline
Melbourne Business School	September, 2023	May 31, 2023
University of New South Wales (UNSW)	May, 2023	March 1, 2023
Macquarie Business School, Macquarie University	January, 2023 April, 2023 June, 2023 September, 2023	December 5, 2022 March 13, 2023 May 29, 2023 August 21, 2023
Monash Business School	February, 2023	-
The University of Queensland	January, 2023 July, 2023	-
The University of Western Australia Business School	January, 2024	-
Australian National University	Undergoing renewal exercise	Undergoing renewal exercise
RMIT University School of Business and Law	September, 2023 October, 2023	July 24, 2023 October 18, 2023
Unisa Business School, University of South Australia	January March June September	No application deadline
Uts Business School, University of Technology Sydney	February/March	December

Course Curriculum of MBA in Australia

MBA in Australia has designed its modules with core and elective subject categories. The categories include subjects and concentrations to help you build a solid foundation and understanding of general management concepts and organizational functions. The MBA subjects and concentrations vary depending on your chosen MBA specialization and Australian universities. However, below is a demonstration of a typical MBA course curriculum with core and elective subjects:

Core

Leadership
Managing People
Managerial Economics
Managerial Ethics and Business Environment
Data Analysis
Finance
Financial Accounting
Marketing
Innovation Bootcamp
Business Strategy
Business in Complex Environments
Operations
Entrepreneurship

Elective

Brand Management
Business Law
Business Analytics
Consumer Behaviour
Corporate Finance
Corporate Strategy
Mergers and Acquisitions
Innovation
Marketing Research
Marketing Strategy
Supply Chain Management

Eligibility Criteria for MBA in Australia

The eligibility criteria for MBA in Australia depend on the type (full-time, part-time, online) of the MBA program you have chosen. You should always check the specific eligibility criteria for MBA programs at the institutions where you are applying. Here are the eligibility criteria that you must meet for studying MBA in top Australian universities.

Institution	Minimum Education Qualification	Minimum GMAT Score	English Proficiency	Minimum Work Experience
Melbourne Business School	An undergraduate degree	695 in GMAT	Either 7.0 in IELTS, or 102 in TOEFL iBT, or 65 in PTE	2 years
University of New South Wales (UNSW)	An undergraduate or equivalent degree	650 in GMAT	Either 7.0 in IELTS, or 94 IN TOEFL, or 65 in PTE, or 185 in CAE/CPE	2 years
Macquarie Business School, Macquarie University	A Bachelor’s or equivalent degree with 7 AQF level	680 in GMAT	7 in IELTS	3 years (for 2 years MBA) and 5 years (for 1.5 years MBA)
Monash Business School	A Bachelor’s or equivalent degree	Not required	6.5 in IELT, or 550 in TOEFL PB, or 79 in TOEFL iBT, or 58 in PTE, or 176 in CAE/CPE	3 years
The University of Queensland	A Bachelor’s or equivalent degree with 4.5 GPA	550 in GMAT	6.5 in IELT, or 87 in TOEFL iBT, or 570 in TOEFL PB or 64 in PTE	4 years
The University of Western Australia Business School	A Bachelor’s or equivalent degree with 60%	-	7 in IELTS	3 years
Australian National University	A Bachelor’s or equivalent degree with 5.0 GPA	600 in GMAT	6.5 in IELTS, or 80 in TOEFL, or 176 in CAE, or 64 in PTE,	5 years
RMIT University School of Business and Law	A Bachelor’s or equivalent degree with 1.0 GPA	550 in GMAT	6.5 in IELTS, or 79 in TOEFL, or 58 in PTE, or 176 in CAE	Not required
Unisa Business School, University of South Australia	A Bachelor’s or equivalent degree	600 in GMAT	6.5 in IELTS	3 years
Uts Business School, University of Technology Sydney	A Bachelor’s or equivalent degree	-	7.0 in IELTS, or 94 in TOEFL, or 65 in PTE, or 185 in CAE/CPE	Not required

Document Requirements for MBA in Australia

Here are some of the documents that you require for Australian MBA programs:

Academic transcripts and records
Passport-size photographs
Letters of Recommendation (LORs)
Statement of Purpose (SOP)
Updated Resume/CV
IELTS/TOEFL Scorecard
GMAT Score Records
MBA Essays
Application Form
Student Visa
Loan Documents, if required

Many Australian business schools need one or more personal statements. The SOP (Statement of Purpose) or personal statement should talk about the candidate’s life goals while highlighting his/her reasons for applying to the institution. LORs or letters of recommendation are also needed by universities and are endorsements of candidates by third persons. You should arrange for at least three LORs, including the manager at your previous organization, the professor, and any other supervisor. Some universities may ask for the CVs of candidates with their applications. Resumes should have basic details, including academic and related qualifications, date of birth, personal details, and accomplishments. Your CV should also highlight your work experience with valid proof.

Admission Process for MBA in Australia

Australian universities admit international students based on their undergraduate degrees, results, work experience, GMAT scores, IELTS/TOEFL scores, and interviews. You can visit the websites of your chosen universities and apply. You can also apply via global educational platforms that will guide you throughout the process. You should carefully check the application deadlines at each university. Apply well before the last date so that you have time to get the student visa.

You will have to arrange for score reports (IELTS, GMAT, TOEFL, and GRE, whichever is applicable) and your academic transcripts for all qualifications listed in your application. Get work experience certificates and photocopies of your passport and identity cards. You can also submit certificates highlighting your extra-curricular achievements. You may be called for a separate interview if your application is shortlisted. Once this is done successfully, you can expect to receive your confirmation letter soon.

Cost of Living in Australia

When planning to study abroad at an Australian university, your budget and quality of life become significant factors. The cost of living in Australia varies on your choice of location in Australia. Cities like Sydney and Canberra tend to have higher costs of living when compared to Melbourne, Perth, Adelaide, and Brisbane.

Category	Cost per month (Approx.)*
Accommodation	AUD 972 (for a shared house)
Transport (Public vehicle)	AUD 96
Food	AUD 280
Personal (gym, haircut, mobile plans)	AUD 64
Entertainment (outings, sports)	AUD 224
Total	AUD 1,636

Scholarships for MBA in Australia

While pursuing your MBA program in Australia, you can avail of various scholarships for international students in top Australian universities.

Scholarship	University	Eligibility	Amount
Business and Economics Graduate Scholarship	Melbourne Business School	International or domestic student with a strong academic record	25% of the tuition fee
Vice-Chancellor's International Scholarship	Macquarie Business School	International student with 65 WAM in a postgraduate program	Upto AUD 10,000
MBA Student Scholarship – International	The University of Queensland	International student with an excellent academic record	25% of the tuition fee
UWA MBA (Intensive) International Prestige Scholarship	The University of Western Australia Business School	International student meeting the GMAT score requirement	100% of the tuition fee
MBA Scholarship for Outstanding Students	UTS Business School, University of Technology Sydney	International or domestic student with more than 75% academic scores in MBA	AUD 5,000 toward the tuition fee

Job Scopes After Studying MBA in Australia

The following job roles are the career prospects that you can expect to get after completing an MBA program in Australia.

Job Profile	Average Annual Salary*
Marketing Manager	AUD 82,103
Senior Business Analyst	AUD 120,907
Business Development Manager	AUD 80,681
Sales Manager	AUD 77,845
Finance Manager	AUD 100,655
Operations Manager	AUD 86,464
General Manager	AUD 120,063