Australia is becoming an ideal destination for international students seeking higher education. With top-ranking business schools offering high-quality education, Australia is turning out to be among the best countries to study. An MBA in Australia provides a thriving ecosystem for ambitious professionals, combining multiple MBA programmes, strong industry connections, and practical learning opportunities.
An MBA, a master’s degree in Business Administration, is among the most pursued courses globally. It outlines the procedure for working as senior executives and business professionals. MBA courses in Australia establish strong foundations in business fundamentals such as finance, business ethics, accounting, managerial skills, and human resources. The programme also evaluates case studies to test their business insights and handle various business segments.
Top Schools For MBA In Australia
If you study in Australia, you’ll be exposed to prestigious universities offering MBA programmes. These top business schools in Australia are renowned for their quality education, state-of-the-art facilities, certified lecturers and trainers, and industry connections for career development opportunities. The table below shows the various top destinations for MBA study in Australia and their respective application deadlines.
| University | Application Deadlines |
| The Australian National University | Generally in January |
| The University of Sydney | Round 1: Generally in January | Round 2: February 25, 2024 | Round 3: March 31, 2024 | Round 4: April 28, 2024 | Round 5: June 2, 2024 |
| The University of Queensland | April 30, 2024 |
| The University of Western Australia | Generally in January |
| The University of Melbourne | April 30, 2024 |
| The University of New South Wales Sydney | Round 6: February 1, 2024 |
| Monash University | Round 1: March 31, 2024 | Round 3: August 31, 2024 (Round 2 is for domestic students) |
| The University of Adelaide | Trimester 2: April 29, 2024 | Trimester 3: August 12, 2024 |
MBA Cost Or Fees In Australia
The cost of an Australia MBA depends on the school you’re going to and the speciality you’ll settle for. The cheapest MBA in Australia is just over 33,000 AUD. Some schools charge more, but that’s dependent on various factors such as accessibility of resources such as the best books for MBA and career opportunities. The table below shows the top b schools in Australia and their respective MBA in Australia fees.
| University | Tuition Fees (AUD) |
| The Australian National University | 48,035 |
| The University of Sydney | 52,500 to 54,000 |
| The University of Queensland | 91,421 |
| The University of Western Australia | 71,400 |
| The University of Melbourne | 106,650 |
| The University of New South Wales Sydney | 81,720 |
| Monash University | 33,125 |
| The University of Adelaide | 48,500 |
NB: While the table doesn’t showcase MBA in Australia fees in rupees, you can always use the current exchange rates to estimate the costs in the local currency.
MBA Requirements – Eligibility Criteria
There are specific requirements that all MBA colleges in Australia have put in place. These requirements prove the qualifications of applicants and help them pursue their MBA degree in Australia. There are both general and school-specific requirements. There is no MBA without work experience abroad. Furthermore, an MBA without GMAT is impossible since most universities require that score to gauge your capabilities (however, Monash University doesn’t need a GMAT). Another essential requirement for an MBA is a well-written statement of purpose. This will highlight your reasons to do an MBA.
| General MBA In Australia Requirements | |
| Categories | Requirements |
| Degrees/ Transcripts | 16 years of education, official academic transcripts of the undergraduate programme |
| English Proficiency Test Score | IELTS Score of 6.5 | PTE score of 65-75 or equivalent |
| GMAT Score | 550 |
| GPA | 4.5 on a scale of 7.0 (50-60%) |
| Professional Experience | Minimum 2-3 years of relevant post-degree work experience |
| SOP/ Essay | 300-500 words SOP |
| LOR | 2 LORs |
| CV/ Resume | Updated CV/ Resume |
| Eligibility Criteria For Every MBA University In Australia | |||
| University | GMAT Score | GPA | Work Experience |
| The Australian National University | 600 | 5.0 on a 7.0 scale (60-69%) | Five years, with three years of documented management experience |
| The University of Sydney | 500 (600 recommended) | 65% | Three years of relevant work experience |
| The University of Queensland | 550 | 4.5 on a 7.0 scale (60-65%) | Four years of full-time post-graduation work experience, two years in a dedicated management role |
| The University of Western Australia | 650 | 50% | Three years of relevant documented professional experience |
| The University of Melbourne | 695 or higher | No bar | Two years of professional experience |
| The University of New South Wales Sydney | 650+ | An undergraduate degree (no minimum GPA) | Two years of work experience |
| Monash University | Not required | Australian Bachelor’s degree or equivalent | Three years of work experience with one year of managerial experience |
| The University of Adelaide | 650 | Bachelor’s degree (no minimum GPA) | Two years of relevant work experience |
Work Permit
A work permit after completing your MBA in Australia for Indian students is mandatory to work and stay in the country. This certifies that you can freely apply for and get employment from companies within the country. A work permit is the most common post-study work visa in Australia, and you can earn more details and additional information from your IDP expert.
If qualified, you should be issued a temporary graduate visa (subclass 485), which usually lasts 2-4 years, depending on one’s qualifications. Visa processing can take 6-12 months and is open to students who have completed at least two years of studying for an MBA or BBA in Australia. With good job opportunities and placement rates, enrolling in the best university for an MBA in Australia has a good ROI, considering the cost of studying in Australia for students.
MBA Scholarships In Australia
MBA in Australia with scholarships is a good option for students who need financial assistance. MBA scholarships in Australia are game changers for students who require help paying the high tuition fees or keeping up with the cost of living in Australia. However, scholarships are highly competitive and are rewarded on merit.
| University | Scholarship | Details | Eligibility |
| Monash Business School | Monash MBA International Women in Leadership Scholarship | 100% course fees; invitation to Monash Minds, a leadership programme; participation in various marketing, recruitment and promotional events | Full-time international student with a weighted Average Mark (WAM) of 70 per semester to retain |
| Melbourne Business School | MBS Scholarships | Not specified | Students pursuing Full-time MBA, Executive MBA, Senior Executive MBA |
| Adelaide Business School | Adelaide MBA Scholarships | Tuition fees for a minimum number of courses | Formal application for entry into the full-time Adelaide MBA programme |
| University of Sydney | UN Women NC MBA Scholarships in Australia | Entire ride, 60,000+ AUD | Students eligible for admission to the part-time MBA |
| Melbourne Business School | Kraft Heinz Scholarship | Five awards (12,000 AUD each) | Full-time and part-time MBA applicants |
| Melbourne Business School | Diversity Excellence Scholarships | 50,000 AUD | Full-time MBA students |
| University of Sydney | UOW Postgraduate Academic Excellence Scholarship | 30% tuition fee | International student with at least 75% overall score |
Specialisations In Australia
MBA programmes are meant to serve diverse areas and industries as their application is widely accepted. There are various MBA subjects in Australia, each offering different specialisations. It’s essential also to recognise the difference between MBA vs MIM. While MBAs equip students with previous business knowledge and experience, MIM is ideal for individuals with less business education. The various MBA courses in Australia include:
- Accounting
- Marketing
- Finance
- International Business
- Entrepreneurship
- Healthcare management
Jobs & Salaries In Australia
After studying for the best MBA, there are multiple career options that you can consider. A graduate can practice their skills across the best streams in MBA. The career options will be determined by the specialisation you opt for and the work experience you’ve gathered, and that will affect the salary for the MBA in Australia. Some of the job opportunities, even for the cheapest MBA in Australia for international students, include:
| Profession | Annual Salary (AUD) |
| Accountant | 65,000 |
| Marketing Manager | 91,000 |
| Project Manager | 109,000 |
| Senior Business Analyst | 111,000 |
| Regional Sales Manager | 114,000 |
| Business Development Manager | 90,000 |
| Operations Manager | 104,000 |
| Finance Manager | 102,000 |
| Human Resource Manager | 104,146 |
FAQs
What Is the Cost of MBA in Indian Rupees?
The cheapest MBA for Indian in Australia students starts from 18.38 lakhs to as high as 59.16 lakhs.
Is Australia Worth It for an MBA?
Australia has multiple opportunities that make an MBA worth it.
Does an MBA Get PR in Australia?
MBA is highly recognised in Australia, establishing a good PR.
Which MBA Has the Highest Demand in Australia?
MBA in Marketing has the highest demand.
How Long Can I Stay in Australia After an MBA?
With a work permit, you can stay for 2-4 years.
Is IELTS Compulsory?
IELTS or equivalent English language proficiency is crucial for an MBA.
Can I Settle in Australia After Masters?
Yes, you can if you have the proper paperwork.
What Is the Duration?
The ideal timeline for an MBA in Australia is 1-2.5 years.
Which Is the Best University for an MBA in Australia?
The University of Melbourne is the best university for an MBA.
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I have done Bachelor’s in Culinary Arts from India and completed my graduation in the year 2022 .I am 22 years old. After graduation, I have done 1 year paid internship from USA .Now, I would like to take occupational experience and learn culinary skills and also do masters in Culinary arts.How can I find the college n best course / country where I can persue studying further