Business programs in Australia are renowned for their quality standards and globally acceptance. Besides, who doesn’t love the awesome scenery and welcoming atmosphere of Australia. Among the top destinations, Australia is one of the most preferred to pursue post-graduate programs. If you have planned to study MBA in Australia, you’ve made the right decision. This article will provide comprehensive insights to the aspirants who wish to pursue MBA in Australia.
Why MBA in Australia?
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As per the QS News Global MBA Ranking, 13 universities are recognized and ranked in the Top 250 business schools of the world.
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According to QS Global MBA ranking 2021, 5 business schools are ranked among the top 100’s in the world.
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In the category of MBA salaries, Australia is one of the top countries and is placed 5th.
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FT Business school ranking (2021) ranks 3 business schools in Australia in the world’s 100 universities.
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Companies from leading sectors like technology, finance, consulting, and marketing are welcoming MBA graduates with a high salary package.
Best MBA Colleges in Australia
|
University
|
Global rank 2021
|
National rank 2021
|
Asia Pacific Ranking 2021
|
|
Macquarie University
|
19
|
3
|
14
|
|
UQ Business School
|
–
|
4
|
15
|
|
UWA Business School
|
–
|
5
|
16
|
|
Bond University
|
–
|
6
|
–
|
|
Deakin University
|
29
|
7
|
–
|
|
RMIT University
|
–
|
8
|
–
|
|
Wollongong – Sydney Business School
|
–
|
9
|
–
|
|
La Trobe University
|
31
|
10
|
–
|
|
Monash University
|
73
|
–
|
–
|
Top MBA Courses in Australia
1. MBA in Finance – If you want to get insights on financial concepts in a global context, undertaking MBA in Finance is the right choice. The course curriculum covers investment management, stockbroking, financial economics, business finance, and international finance. By completing this course, you’ll have a chance to get placed in different industries that include financial services, banking, insurance, stockbroking, credit risk management, financial agencies, and consultancies,
2. MBA in International Business – This is one of the most renowned courses in management and international students are showing interest to pursue it in Australia. This course mainly focuses on marketing, finance, human resource, business management on an international level. The aspirant who holds an International business degree can get hired as a Global business manager, chief executive officer, International business consultant, and administrative service manager.
3. MBA in e-commerce – There is a great surge in the demands for MBA in e-commerce in the recent years. Further to this, through the globally recognized degree from leading universities of Australia, you’ll have an amazing chance to carve your career in the e-commerce industry. MBA e-commerce graduates can work as an e-commerce consultant, promotion managers, senior web developers, etc.
4. MBA in Strategy & Leadership – People who love to have the traits of strategic management and leadership goals can pursue MBA in Strategy & Leadership. It helps to bring out the best from the aspirants and to make them formulate and execute business strategies, manage the business, and so on.
5. MBA in Human Resource Management – Aspirants who have a great tendency to socialize and interact with people have a good choice to pick an MBA in Human resource management. Curriculum of this program covers staffing, recruiting, training the employees, developing staff welfare policies and enhancing employee productivity & engagement.
MBA Fees in Australia
Pre-Departure costs
Before initiating your studies there are few expenses that have to be taken into account. It starts with the registration, where you need to apply to your favorite university. Generally, registration fees may vary from one university to another based on the popularity and renowned status. In addition to this, you may have to pay for proficiency tests, and Visa.
If you are looking for pre-departure costs to study MBA in Australia.
Here is the complete checklist for you.
|
Categories
|
Cost (AUD)
|
|
Application
|
110 (Varies)
|
| Australian Student Visa |
426
|
| IELTS |
220 – 250
|
| TOEFL |
165 – 255
|
|
GMAT
|
250
|
|
GRE
|
200
|
MBA Tuition Fees in Australia for International Students
The fees of a program is directly related to the duration, specialization, and business school that you choose. It is advisable to get the insights early and pre plan them. To get rid of any hassle, understanding the fee structure is certainly important.
The below table is designed to help you with the average program fees for various universities.
|
University
|
Average Annual Fee (AUD)
|
|
Victoria University
|
46,800
|
|
Swinburne University of Technology
|
36,204
|
|
University of South Australia
|
60,450
|
|
University of Sunshine Coast
|
39,905
|
|
University of Tasmania
|
68,347
|
|
University of Southern Queensland
|
42,600
|
|
University of Newcastle
|
36,545
|
|
University of Newsouthwales
|
59,760
|
|
University of New England (UNE)
|
28,000
|
|
Torrens University
|
36,900
|
Cost of Living in Australia
Australia, well known for its multicultural society and welcoming environment, welcomes aspirants to enjoy their studies in a beautiful environment. However, you need to spend a decent amount of money to stay in the top cities of Australia. In order to make it affordable, a single person can make their living from 1500 AUD to 2600 AUD. Want to know about the various costs associated with comfortable living?
Here is the list for you!
MBA in Australia Requirements
Eligibility Criteria for MBA in Australia
- Academic excellence is an important factor that is considered imperative. An MBA aspirant must have 15 years of educational experience from a recognized institution. MBA aspirants are expected to have a minimum of 65% academic score.
- IELTS or TOEFL is a significant requirement to get through. Aspirants from non-native English-speaking countries must have good scores in IELTS Exams.
- IELTS: 6.5 or above (overall band score)
- TOEFL: 80 or above
-
The Graduate Management Admission Test (GMAT) is an important entry factor to study MBA in Australia. Most Australian universities expect international students to have GMAT scores above 650.
-
Work experience is not a mandatory requirement to study MBA in Australia. However, you can stand out from other applicant profiles by having two to three years of experience in the relevant industry.
Documents Required to Study MBA in Australia
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List of all certificates of the undergraduate degree from previous institutions.
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Certificate of work experience in relevant industries
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Academic transcripts
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Certificate of test that includes GMAT, TOEFL, IELTS
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CV/Resume
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SOP – Statement of purpose
- LOR – Letter of Recommendation
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Funding resources documents
Scholarship for MBA in Australia for Indian Students
One of the amazing things about studying MBA in Australia is its extensive funding assistance. More than 1150 scholarships are available for international students to make their studies as affordable as possible. Generally, the value of these scholarships may vary based on the courses that are selected and the performance of the applicants. Knowing about the popular scholarship schemes helps you avail yourself of it easily.
| Popular Scholarship | Benefits |
| Kraft Heinz Scholarship | 43,265 AUD |
| Monash MBA International Women in Leadership Scholarship | 23,113 AUD |
| ANU College of Business and Economics India Excellence Scholarship | 9630 AUD |
| International Excellence Scholarship (India); South Asia Business and Law Scholarships | 12,287 – 57,787 AUD |
| AGSM Global Reach Scholarship and AGSM Excellence Scholarship | Varies |
| MBS Scholarships | Varies |
| MBA (Intensive) International Prestige Scholarships | 100% tuition fee waiver |
| Adelaide MBA Scholarship | 25% of tuition fee waiver |
| UOW Postgraduate Academic Excellence Scholarship | 10% to 30% tuition fee waiver |
| MBA Student Scholarship | 25% tuition fee waiver |
Requirements to avail International scholarships
- UG degree certificates
- Passport
- Academic transcripts
- Curriculum vitae
- Personal statement that states the eligibility to get a scholarship
- Photo
- English proficiency test certificate
Jobs After MBA in Australia
| Job Role | Leading recruiters | Average Annual salary (AUD) |
| Marketing Manager | Westpac Banking Corporation | 103,000 |
| Senior Product Manager | Telstra Corporation Ltd | 202,000 |
| Account Manager | Zomato | 50,000 |
| Senior Business Analyst | ANZ | 120,000 |
| Business Development Manager | APCD Pty Ltd | 121,000 |
| Sales Consultant | Simonds Homes | 82,000 |
| Area Sales Manager | GFG Alliance | 80,000 |
| Operations Manager | CHEP | 98,000 |
| Category Management | Woolworths Supermarkets | 97,000 |
| CEO | The Alternative Board of Australia | 143,000 |
MBA Salary in Australia
The current Australian market is recognized for its abundant job opportunities and is ranked in the top 10 for the highest MBA salaries in the world. Leading companies of Australia offer sky-rocketing salaries to MBA graduates across different sectors.
| Top recruiters | Annual Salary per year (AUD) |
| Woolworths | 236,000 |
| Commonwealth Bank of Australia | 162,000 |
| ANZ Banking Corporation | 225,000 |
| Westpac Banking Corp | 132,000 |
| Telstra Corporation Ltd | 145,000 |
| JP Morgan | 158,000 |
| Fidelity Investments | 131,000 |
| HSBC Global Asset Management | 107,000 |
Work Permit After MBA in Australia
Policies for staying back after graduation are friendly in Australia. With the proper eligibility, you’ll be able to remain in Australia to continue your job. After completing your MBA graduation, you can apply for a Temporary Graduate Subclass 485 visa that helps you to stay for 18 months in Australia. The main eligibility criteria to avail post-graduate work permit is students must have studied in Australia for at least 16 months period.
FAQ
Ans – The answer is Big YES! Pursuing MBA in Australia is absolutely an investment. There are solid reasons why lakhs of international students are preferring Australia to pursue management courses.
-
As per the QS News Global MBA Ranking, 13 universities are recognized and ranked in the top 250 business schools of the world.
-
According to QS Global MBA ranking 2021, 5 business schools are ranked among the top 100’s in the world.
-
In the category of MBA salaries, Australia is one of the top countries and is placed 5th.
-
FT Business school ranking (2021) ranks 3 business schools in Australia in the world’s 100 universities.
-
Companies from leading sectors like technology, finance, consulting, and marketing are welcoming MBA graduates with a high salary package
Ans – Australian government and universities are actively welcoming Indian students to give quality education. This is more certain to management courses. It is better to prefer the overseas education consultant for the guidance and smooth transition.
- Academic excellence is an important factor that is considered imperative. An MBA aspirant must have 15 years of educational experience from a recognized institution. MBA aspirants are expected to have a minimum of 65% academic score.
- IELTS or TOEFL is a significant requirement to get through. Aspirants from non-native English-speaking countries must have good scores in IELTS exams.
- IELTS: 6.5 or above (overall band score)
- TOEFL: 80 or above
- The Graduate Management Admission Test (GMAT) is an important entry factor to study MBA in Australia. Most Australian universities expect international students to have GMAT scores above 650.
- Work experience is not a mandatory requirement to study MBA in Australia. However, you can stand out from other applicant profiles by having two to three years of experience in the relevant industry.
Ans –
- MBA in Finance
- MBA in International Business
- MBA in e-commerce
- MBA in Strategy & Leadership
- MBA in Human Resource Management
Ans –
|
University
|
Average Annual Fee (AUD)
|
|
Victoria University
|
46,800
|
|
Swinburne University of Technology
|
36,204
|
|
University of South Australia
|
60,450
|
|
University of Sunshine Coast
|
39,905
|
|
University of Tasmania
|
68,347
|
|
University of Southern Queensland
|
42,600
|
|
University of Newcastle
|
36,545
|
|
University of Newsouthwales
|
59,760
|
|
University of New England (UNE)
|
28,000
|
|
Torrens University
|
36,900
|
