MBA in Australia : Top Universities , Eligibility , Scholarships (Updated 2022)

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Piyush Bhartiya
Modified on 2020-03-02 in Australia
Read time: 16 mins
Source: Internash

MBA is a one-year (full-time) professional degree offered by over 58 institutes in Australia. In order to be considered for business school in Australia, candidates must have a bachelor’s degree with a grade point average of 55-65 percent and an IELTS score of at least 6.5. (equivalents accepted). Two to three years of prior job experience, as well as GMAT and IELTS scores, are required for an MBA in Australia. In Australia, a GMAT score is not a prerequisite for MBA admissions. In Australia, renowned business institutions such as Monash, Macquarie, Deakin, and LaTrobe University allow candidates into MBA programmes without the GMAT.

MBA teaches students how to manage a business successfully and how to adapt as per the latest global trends. Through the MBA program, students also learn how to run and revive businesses in an uncertain environment and in times of crisis.

Reasons for Australia being a hotspot for international students are:

  • Australia provides Quality education
  • Students are exposed to High-end research opportunities
  • Graduates have excellent career prospects 
  • Australia has implemented more favorable visa policies 
  • Australian Universities are Internationally recognized 
  • Courses are available in English 
  • Graduates are given Internships in top companies 
  • Australia boasts of a diversified cultural environment

There are two main application periods for Australian universities: –

  • February
  • July
  • November (Applicable for few universities only)

Top Universities for MBA in Australia

For International students, Australia is considered amongst the one of the most popular study locations. Australia is a popular study location for MBA students due to its high-quality education, advanced research possibilities, and promising employment prospects. AACSB, AMBA, and EQUIS accreditation is held by all Australian business schools. They are popular among foreign students and have received good rankings not only in Australia but across the world.

UniversitiesQS Top Universities Rankings 2022Minimum GMAT Score
The University of Sydney38550
The University of Melbourne37705
Australian National University27600
The University of Queensland47550
Monash University58550
University of New South Wales43650
The University of Newcastle197GMAT Score (Not Mandatory)
The University of Western Australia93650
University of Technology Sydney133550
The University of Newcastle197GMAT Score (Not Mandatory)
The University of Adelaide108500

Why MBA in Australia ?

A excellent MBA degree from Australia is regarded as a stepping stone to success. It not only benefits one’s job advancement, but it also improves the abilities needed to keep ahead in the field and aids networking. There are several reasons to seek an MBA and gain the skills and information needed to advance one’s career vertically.

Here are some benefits of studying MBA from Australia:

  • An MBA from Australia is a worldwide recognised degree just because AQF gives comparable credentials for office usage
  • Every year, Australia offers more than 45,500 career opportunities to MBA graduates.
  • GMAT scores may or may not be accepted by Australian universities for MBA applications.
  • In Australia, international MBA students can work up to 40 hours per week while studying.
  • Each year, more than 6,000+ positions for Finance MBA grads open up in Australia alone.

How to apply for MBA in Australia ?

Here are some steps that will certainly help for applying for MBA in Australia:

  • Select a university-based on Academic Excellence.
  • The worth of applying to a university is when it has International student support for helping international students to settle down in their universities.
  • The location of a university should be of prime importance.
  • MBA programs have different costs that vary from one university to others, so investigate the cost of studying and accommodation thoroughly before deciding to study in Australia.

Scope of MBA in Australia

Australia is well known for its MBA and has the top universities in the world in Australia itself. Australian universities which offer MBA have an excellent placement capability as well as provide ample opportunities for internships. The campus placement provided by the universities has an average of as high as 88% providing a good income in hand to the freshers. As per a QS Top MBA analysis, MBA graduates from Australia are the best-paid individuals globally. They come second in terms of income, while Swiss graduates hold the first position. The market in Australia is continuously growing with a requirement of MBA graduates. In Australia, the median pay received by an MBA graduate sums to almost AU$100K.


Check Out: Study in Australia after graduation


MBA in Australia Admissions

Business schools admit students based on their undergraduate degree grades, appropriate job experience, and an interview with a business school faculty member. Admission to Australian institutions can be obtained by:

  • Agents: Investigate university websites to locate their agents in your native nation. Approach them with the required documentation. Throughout the procedure, the agents will assist you.
  • Direct applications: Go to the university’s website and apply using the apply now buttons on the course page.

MBA in Australia duration

Generally, the MBA program lasts about 2 years, but it varies from university to university in Australia.

Many universities in Australia have an MBA program for a duration between 15 months to 2 years. In recent years universities like Melbourne Business School have started giving one -year MBA programs.

Fees for MBA in Australia

When choosing a suitable university for them to study in, one thinks about the course curriculum and the programme cost, since these are the two of the most significant aspects to consider in the process. As an aspirant, it should be your duty to examine and compare the costs of studying at several institutions and choose the one that you find the most affordable. The entire cost of an MBA programme in Australian universities varies from one business school to another, between 40,000 USD and 63,000 USD. The tuition fees for MBA in Australia have increased, leading to an average increase in the MBA costs by 3.34 per cent in 2021 compared to 2020. At present, the median MBA fee is $59,966.

Here’s a list of the top 10 Australian Universities with fees:

UniversityCourseFees for domestic studentsFees for international students
University of Melbourne University of Melbourne Senior Executive MBA$126,000$126,000
University of Melbourne University of Melbourne Executive Master of Business Administration (EMBA)$103,500$103,500
University of Sydney Business School University of Sydney Global EMBA$99,750$106,500
University of Sydney Business School University of Sydney Executive Master of Business Administration (EMBA)$99,750$106,500
Macquarie University (MGSM) Macquarie University MBA$80,000$80,000
University of New South Wales (AGSM)UNSW Business School MBA (extension)$98,610$100,750
University of New South Wales (AGSM)Business School Executive MBA$86,925$86,925
University of New South Wales (AGSM)UNSW Business School (MBA)$86,850$88,350
Bond University Bond University Executive MBA$88,500$96,450
QUT Business School QUT Executive MBA$73,728
QUT Business School QUT Master of Business Administration MBA$62,400$74,100
LaTrobe UniversityMaster of Business Administration/Master of Financial Analysis$98,500$113,500
LaTrobe UniversityMaster of Business Administration/Master of Health Administration$97,500
University of Adelaide University of Adelaide Master of Business Administration (MBA)$65,250$72,750
Monash University Monash University Global Executive Master of Business Administration (EMBA)$98,400$112,600
Monash University Monash University Master of Business Administration (MBA)$70,400$88,000
University of Western Australia University of Western Australia Master of Business Administration / Master of International Commercial Law (MBA)$125,000
University of Western Australia Master of Business Administration$89,550$93,150
Curtin University Curtin University Master of Business Administration (MBA)$36,200$67,350

MBA in Australia Cost

Australia is a country with a high standard of living, and it is very costly to maintain a decent lifestyle in Australia. We have already discussed the course fee above. Still, here we will discuss the day to day costs of any MBA graduate based on different lifestyle preferences and try to give an idea about what can be an estimate of additional expenses. 

This is the weekly living cost for international students in Australia based on different ways of lifestyle in approximate values:

 Shared house or flatOn campus (college)One-bedroom unit
Housing$275$400$450
Phone and Internet services$30$25.50$30
Household Amenities$10-15$10-15$10-15
Mess and food charges$100-110$100-110$100-110
Utilities $20-30$20-30$20-30
Entertainment$80-90$80-90$80-90
Travel$40-45$25-30$40-45
Average expenditure$555-595$690.5-730.5$730-770

Annual cost per person based on different lifestyle: –

Monthly Bond$600$600$600
Stationery, Books, etc.$819$819$819
International health cover for students$380$380$380
Clothing$960$960$960

Check Out: Cheapest MBA programs in Australia

MBA in Australia for Indian students 

Indian students consider an MBA in Australia as a popular concept due to the recognition of the Australian MBA course and their universities across the world. Some Indian students also look for affordable prices for an MBA degree in some Australian universities, which seems like an attractive option. 

Australian universities are flexible in their course, and this allows students to work and study in Australia for better experience and exposure. 

Indian students also get attracted to the cultural diversity in Australian universities that make it a desirable place for MBA. Due to quality education and an increase in the potential earning MBA is a viable option for Indian students.

MBA in Australia requirements

Admission into Australian universities can be completed by meeting these basic requirements: –

  • Any bachelor’s degree in any subject is allowed (some schools prefer a degree of certificate in business-related fields)
  • Bachelor’s degree with a minimum of 65 %
  • resume that is up to date
  • It is necessary to obtain two letters of recommendation from previous employers or teachers.
  • Face-to-face, through a video call, or over the phone interview.
  • A solid GMAT or GRE score is essential.
  • Work experience in a management or business-related sector of at least two years is required.
  • Requirement for English Proficiency: Because the curriculum at Australian institutions is entirely in English, international students must submit IELTS results to demonstrate competency in the language. Students with IELTS scores of 6.5 to 7.0 can easily get admission to some of Australia’s most prestigious MBA programmes.

Document Requirements for MBA in Australia

Some of the documentation that Australian institutions may want from you while applying for an MBA in Australia are given below :

  • SOP
  • LORs
  • Updated CV/Resume 
  • Passport-sized photographs
  • Official student visa 
  • Finance Document ( If taken any loan)

MBA in Australia without GMAT

Business schools in Australia share a different approach and mainly focus on training of the students to be successful future managers. This is a major reason for business schools in Australia to provide more weightage to work experience rather than a standardized GMAT score of an MBA aspirant. 

Many universities across the globe rely on different methods of theoretical and academic aspects of the MBA program. So, by all means, GMAT is required mandatorily for Australian B-schools, and an option for an MBA without GMAT in Australia is open for all the students.

Following is the list of collage where you can study MBA in Australia without GMAT:

  • Macquarie University
  • Deakin University
  • Curtin University
  • University of Adelaide
  • University of South Australia
  • RMIT University

MBA in Australia without IELTS

IELTS is a language competency test used to measure a student’s English language proficiency. This aids students in communicating with the local community and assimilating into society. However, IELTS isn’t the only method to find out. Aside from IELTS, some colleges in Australia accept applicants through alternative means.

Without IELTS, students must apply for universities in Australia online. Colleges must be well studied. To apply, the student will need to provide an academic transcript, a SOP, a LOR, a passport, proof of work experience, and other documents. Shortlisted candidates will be required to participate in a video interview. The interviewer will assess your English language ability here.

Over 3000 universities and colleges in Australia, New Zealand, and the United Kingdom have accepted the PTE (Pearson Test of English). The Australian government use PTE for a number of objectives.

Jobs after MBA in Australia

Because an MBA from Australia is recognised worldwide, you may apply for jobs anywhere in the globe once you complete the degree. Following an MBA, students are typically given employment in management. Finance is the best paying industry in the world, with an annual compensation of 97,100 USD (average) for an MBA graduate, followed by technology and consulting.

The following are some of the prominent employment roles to search for after earning your MBA in Australia:

Job RolesAverage Salary in USD (annual)
Accounting Manager135,000
Organizational Development Manager93,000
Financial Manager135,000
Manager122,000
Business Development Manager111,000
Assistant BD Manager95,400
Project Manager89,000
Employee Relations Manager80,000
Organizational Development Manager93,000

Cheap MBA in Australia for International Students

Education quality in Australia is incredible, which is why the country has seen attracting various international students. The country’s two years stay back provision to the students who have pursued Masters from Australia is one of the biggest attractions. Although Australia is known for its Master’s program, specific courses are exceptional than others. MBA in Australia is amongst the courses which see the major attraction of international students. 

There are several universities in Australia for MBA, which are amongst the top universities in the world. However, these institutions might not be deemed fit for everyone’s budget, making money a constraint for many to pursue an MBA in Australia.

Nevertheless, there are several universities in Australia for MBA which, at inexpensive fees, provide good education.

Here’s a list of 10 cheap MBA universities in Australia for International students:

Serial NumberName of universityFees in INRFees in AUD
1.Kaplan Business School7,39,383.75
15,375.00
2.Holmes Institute8,46,384.00
17,600.00
3.Charles Darwin University9,88,730.4020,560.00
4.Edith Cowan University9,90,654.0020,600.00
5.Victoria University10,07,004.6020,940.00
6.Central Queensland University10,26,961.9521,355.00
7.IIBIT10,29,126.0021,400.00
8.Federation University10,29,126.0021,400.00
9.University of Southern Queensland10,34,896.8021,520.00
10.Southern Cross University10,53,363.3621,904.00

MBA in Australia without work experience

When it comes to pursuing an MBA, job experience is required. Similar to other countries, Australia requires candidates to have a minimum of two years of experience to be eligible for acceptance to MBA programmes in Australia. The CV is a crucial criterion in the MBA application process, and B schools need the applicant to include job experience. The candidate’s CV should include information about the candidate’s job experience with the necessary evidence.

Luckily, a few prestigious Australian institutions admit students into their MBA programmes with minimal or no experience at all. Here’s a list of some universities that do not need prior job experience:

  • The University of Melbourne
  • University of Canberra
  • Monash University
  • Central Queensland University
  • Bond University
  • University of Technology, Sydney
  • Macquarie University
  • University of Western Australia
  • University of Tasmania
  • Australian National University

Check Out: MBA in Australia without work experience


Executive MBA in Australia

An Executive MBA in Australia is undertaken by professionals who want to give a boost to their career. Candidates advance within their current employer or organization and get higher salaries than their colleagues. EMBA Australia program allows the professionals on crossroads to replace their stagnation of growth by adding more knowledge and theory.

EMBA does not disrupt the current work schedules, and it is undertaken by professionals who possess five years of minimum work experience. EMBA is available in different universities and online programs, where it depends upon the preference of cities and curriculum.

Here is a list of Universities providing Executive MBA in Australia:

  • Melbourne Business School 
  • MGSM Macquarie Graduate School of Management
  • University of New South Wales  
  • University of Sydney
  • The University of Queensland 
  • Queensland University of Technology 
  • University of South Australia 
  • Deakin University 
  • The University of Adelaide
  • University of Technology, Sydney 

Student Visa to Study in Australia 

International applicants and students must have an Australian student visa in order to enter Australia and complete their MBA courses or programmes. You may accomplish the same thing by paying 620 AUD (35,000 INR) and submitting the following documents with your visa application:

  • Passport must be valid.
  • Proof of identification is required.
  • Acceptance/offer letter from an Australian university
  • Details about health insurance
  • Certificates and ratings for English language proficiency
  • Photographs in passport size (recent)
  • Form of application (duly filled and signed)

Work Visa Post MBA in Australia

Graduates of an Australian institution are eligible for a work visa in Australia. Students are able to stay, work, and study in Australia for a limited time after finishing their MBA programme. As a primary applicant, students can only get a Temporary Graduate visa (SUBCLASS 485) once.

There are two categories of Temporary Graduate visas:

  • The Graduate Work stream
  • The Post-Study Work stream

The major applicant covered by the application must be present in Australia both while applying for a visa and when the visa is granted. Furthermore, the applicant’s qualifications must relate to an occupation on the occupation skilled list in order to be granted the Graduate Work stream visa. The visa holder in this category is entitled to stay for a period of 18 months. Aside from that, the applicant’s qualification for acquiring the Post-Study Work stream visa must be a higher education degree. The visa holder in this category is allowed to stay for 2 to 4 years.

Scholarships for MBA in Australia

MBA students in Australia can apply for a variety of overseas scholarships.

The following are some of the other popular business schools and scholarships accessible to overseas students in Australia:

School/CollegeScholarships OfferedAmount
Australian Graduate School of ManagementAGSM Global Reach Scholarship and AGSM Excellence ScholarshipVaries
Melbourne Business SchooolKraft Heinz Scholarship31,221 USD
UWA Business SchoolMBA (Intensive) International Prestige Scholarships100% tuition fee
Melbourne Business SchoolMBS ScholarshipsVaries
ANUANU College of Business and Economics India Excellence Scholarship20 students are given an amount of 6,949 USD
Monash Business SchoolMonash MBA International Women in Leadership Scholarship16,679 USD
Adelaide Business SchoolAdelaide MBA Scholarship25% of tuition fee
Sydney Business SchoolUOW Postgraduate Academic Excellence Scholarship10% to 30% tuition fee

Work Visa Post MBA in Australia

Students who have finished their studies at an Australian university are eligible for an Australian work visa. Students are permitted to live, work, and study in Australia for a limited period of time after completing their MBA courses. A Temporary Graduate visa (SUBCLASS 485) can only be obtained once by a primary candidate.

There are two types of Graduate Temporary Visas available:

  • The Post-Study Work stream
  • The Graduate Work stream

Both while applying for a visa and after it is granted, the main applicant must be present in Australia. In order to be qualified for the Graduate Work stream visa, the applicant’s qualifications must be related to one of the jobs on the occupation skilled list. This type of visa allows the holder to stay in the country for 18 months. The applicant’s qualification for the Post-Study Work stream visa must be a higher education degree. A visa holder in this category is permitted to stay for two to four years.

mba in austtralia

FAQs

✅ How much does MBA cost in Australia?

Ans: MBA Fees in Australia
As per the 2021 survey, the average annual program fee for MBA is around 59,966 AUD. In addition to that, fees have increased by 3.34% in comparison with last year. The average annual cost of international students to pursue an MBA will range from 45000 AUD to 822,000 AUD.

✅ Is Australia good for MBA?

Ans: Australia is considered as one of the most sought-after study destinations for international students. Quality education, high-end research opportunities, and excellent career prospects make Australia a hot favourite study destination for MBA aspirants.

✅ Is MBA eligible for PR in Australia?

Ans: For international MBA students to be eligible for the ‘485 visa’, they must have studied for at least 16 months in Australia. So, if you plan to pursue, a one-year MBA in Australia, getting this visa won’t be possible. For more information on this visa, log on to Australia’s Immigration and Citizenship website.

✅ Is Indian MBA valid in Australia?

Ans: It’s your choice. Answering just to your question nah no Indian MBA have career in Australia.

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

Ans: If you are looking for jobs after completion of your MBA degree in Australia, breaking into the job market can be a little difficult at first.

About the Author

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Piyush BhartiyaPiyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

Comments (14)

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ShivanshCommented on 2022-01-28

Is Australia good for Indian students?

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shourya dayalCommented on 2022-01-28

Is Australia good for Indian students?

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SahilCommented on 2022-01-28

Is Australia cheap to study?

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shourya dayalCommented on 2022-01-28

Is Australia cheap to study?

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BikalCommented on 2022-01-28

Which MBA course is in demand in Australia?

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shourya dayalCommented on 2022-01-28

Which MBA course is in demand in Australia?

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ManyaCommented on 2022-01-28

Is it easy to get job after MBA in Australia?

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shourya dayalCommented on 2022-01-28

Is it easy to get job after MBA in Australia?

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ManpreetCommented on 2022-01-28

Is Indian MBA valid in Australia?

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shourya dayalCommented on 2022-01-28

Is Indian MBA valid in Australia?

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KunalCommented on 2022-01-28

Is MBA eligible for PR in Australia?

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shourya dayalCommented on 2022-01-28

Is MBA eligible for PR in Australia?

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AtishCommented on 2022-01-28

Is Australia good for MBA?

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shourya dayalCommented on 2022-01-28

Is Australia good for MBA?