Australia has always been a go-to option for students pursuing MBA programmes. It is among the best choices for students worldwide who want quality, skilled education. Nowadays, MBAs are the widely preferred option among students to kickstart a career in an exciting field. More than five institutions are among the top 100 in the country’s QS global ranking. International students can enrol in the best university for MBA in Australia to pursue various programmes and career options. More than 20,000 Indians are studying because there is a wide range of specialised programmes available for students at world-ranking universities. This blog will help you identify the best MBA universities in Australia in 2024.
Top MBA Universities In Australia In 2024 – Highlights
Why Study MBA Courses In Australia?
More than one lakh Indian students are studying abroad in Australia. Among them, twenty thousand have enrolled themselves in MBA programmes because of career opportunities. Many top-ranking universities are providing the best MBA programmes in Australia. Apart from this, there are several reasons why students would like to study at the best university for MBA in Australia mentioned here:
- Top-notch Education: Australian universities boast internationally recognised MBA programmes. They focus on practical skills and a blend of theory, giving you a well-rounded education that translates well to your career.
- Specialisation Options Galore: Australia offers various MBA specialisations, from finance and marketing to entrepreneurship and technology management. There’s a perfect fit for your specific career goals.
- Globally Recognised Degrees: An Australian MBA degree is respected worldwide. This translates to better job opportunities and a competitive edge in the job market.
- Learn by Doing: Australian MBA programmes emphasise practical experience. Through real-world projects and internships, you’ll build communication, personal, and leadership skills.
- Embrace Diversity: Australia’s multicultural environment welcomes international students. You’ll easily integrate, network with various people, and gain exposure to diverse perspectives who are part of several intakes in Australia.
- Cost-Effective Choice: Pursuing an MBA in Australia is more affordable than popular destinations like the US or UK. This makes it a viable option for students from various backgrounds.
- Industry Connections Matter: Australian universities have strong industry ties. This allows you to apply what you learn in the classroom to real-world scenarios, boosting your employability. This is one of the many benefits of studying in Australia.
- Prestigious Universities, Reputable Degrees: Australia boasts prestigious universities with top-ranked MBA programmes. This ensures you receive a high-quality education and a globally respected qualification.
Top MBA Universities In Australia
Are you someone seeking the best university for MBA in Australia? Then you should consider the best universities in Australia, famous for offering high-quality education and a wide range of programme options. Australian MBA programmes allow students to learn innovatively and connect with industries to develop individuals who will stand out and be business leaders.
Explore the avenues of networking, internships, and professional development by being immersed in Australia’s diverse culture and marvellous scenery. Take the first step towards your career dreams through an MBA at one of the top management colleges in Australia. Below is some necessary information about the MBA Australia ranking, details, and other information.
| Universities | Details | QS World Ranking | Course Duration |
| Melbourne Business School, University of Melbourne | Ranked 1 in Australian Business Schools, offering advanced study opportunities. | 33 | Two years |
| Monash Business School, Monash University | Popularly known for its comprehensive business programmes and research initiatives. | 57 | Two years |
| University of New South Wales Business School | It is well-known for its excellent business education and industry references. | 45 | One year |
| UQ Business School, University of Queensland | Provides various MBA programmes geared to the demands of aspiring business executives. | 50 | One year |
| Macquarie University, Macquarie Business School | Offers unique MBA programmes with a focus on practical learning and industry involvement. | 195 | 1.5 to 2 years |
| University of Western Australia’s Business School | MBA programmes are available to help students strengthen their leadership and business abilities. | 131 | One year |
| Australian National University | It is prominent for its high academic standards and diversified student population. | 34 | 1.5 years |
| UTS Business School | Through practical learning experiences, students will be prepared for the global business world. | 90 | Two years |
| La Trobe Business School | Provides MBA programmes with a significant focus on sustainability and ethical business practices. | 242 | 1.5 years |
| RMIT University | This University is well-known for its industry-relevant MBA programmes and strong linkages to the corporate community. | 140 | 1.5 to 2 years |
Eligibility For MBA In Australia
What should you remember when applying to any university at the top management colleges in Australia? It is meeting the requirements for qualifying. Applying to institutions based only on their reputation without first considering the prerequisites might result in losing application money and uncertainty later. Therefore, the usual eligibility requirements that each student must fulfil to apply to Australian institutions are stated here.
Undergraduate Degree
All applicants seeking admission to the best university for MBA in Australia must hold an undergraduate degree from an authorised university and have a minimum cumulative GPA of 5.0 to 7.0.
GRE or GMAT Score
The GMAT or GRE score is the second most significant need for admission to the best university for MBA in Australia. The ratings change based on the kind of MBA programme and college you select. The typical GMAT score is between 600 and 650.
Work Experience
An MBA requires at least three to five years of professional work experience in the relevant field to apply to prominent Australian institutions. Not all universities have this requirement; however, it is always advised to check this one carefully.
Language Requirements
Australia is one of the many countries worldwide where non-native English speakers must take an English proficiency test to pursue any programme. You have several options available to show your English proficiencies.
Passport And Visa
A student must have a valid passport at the time of application. Post the application, and based on the shortlisting and admission to the course, you must get a visa to visit Australia. To secure admission for MBA courses in Australia for international students need to apply for a visa.
Admission Process For MBA Australia
Getting admission to any university for the best MBA programmes in Australia is a process that takes time; you must plan it at least one year in advance. And follow several guidelines:
- A shortlist of your MBA programmes
- Make decisions about MBA universities.
- To find out admission requirements, you can check them out on the university’s official websites.
- Give all the entrance exams with the needed score.
- Complete the application online and pay the application fees.
- Send all the documents before the deadline.
- Attend the interview that the university has scheduled for you.
- After getting an acceptance letter, prepare for a student visa and ensure you have sufficient funds.
Cost Of Studying MBA Courses In Australia
The cost of studying at the best university for an MBA in Australia relies on several things, but overall, these costs are categorised into two sections. Tuition fees and living expenses are the major factors in the cost of studying in Australia.
Tuition Fees
The cost of an MBA from the best MBA colleges in Australia ranges from AUD 50,000 to 84,648 or INR 27,71,040 to 46,91,250 per year.
Living Expenses
Living expenses in Australia range from AUD 19,000 to 26,000 (or INR 10,52,990 to 15,63,840) a year. Each student’s lifestyle choices may affect these expenditures. Rent for housing, groceries, meals, and other incidentals are typical expenses. Several Australian scholarships are available for Indian students. Check some of the estimates in the table below:
| Particulars | Cost (Monthly) |
| Off-Campus Accommodation | AU$ 800 |
| On-Campus Accommodation | AU$ 1,754 |
| Transportation | AU$ 150 |
| Food Cost | AU$ 780 |
| Utility Cost | AU$ 205 |
| Entertainment | AU$ 80 |
| Groceries | AU$ 68 |
| Clothes | AU$ 153 |
| Total Cost of Living with Off-Campus Accommodation | AU$ 2,236 |
| Total Cost of Living with On-Campus Accommodation | AU$ 3,190 |
| Annual Cost of Living | AU$ 26,832 |
Scholarships Available For Students
Students who think they cannot afford the tuition fee or living costs can try for scholarships. Australian scholarships for Indian students can help with tuition fees and other costs. Here is a table of some of the top MBA scholarships in Australia for international students:
| Scholarship Name | University/Institution | Amount (AUD) | Eligibility |
| ANU College of Business and Economics International Scholarship | Australian National University | 50% of tuition fees | Based on academic merit |
| MBA Global Leader Scholarship | University of Sydney | Up to 50% of tuition fees | Demonstrated leadership skills and academic record |
| Melbourne Business School Scholarships | Melbourne Business School | Varies | Merit and need-based, varies by specific scholarship |
| Monash MBA International Women in Leadership Scholarship | Monash University | Up to 100% of tuition fees | Female international students with leadership potential |
| UQ MBA Student Scholarship | University of Queensland | 25% of tuition fees | Outstanding academic achievement |
| AGSM Global Reach Scholarship | University of New South Wales | Varies | Merit-based, for international students |
| Kraft Heinz Scholarship | Melbourne Business School | 12,000 USD | For students with strong academic and leadership qualities |
| Monash International Leadership Scholarship | Monash University | 10,000 AUD | For international students with excellent academic records |
These scholarships and financial aid options are available for international students pursuing an MBA in Australia. They vary in terms of eligibility, amount, and application deadlines. It is essential to carefully review the eligibility criteria and application deadlines for each scholarship or financial aid option.
FAQ’s
Which MBA is the best in Australia?
Melbourne Business School, Monash Business School, University of New South Wales Business School, and UQ Business School are some of the best MBA schools in Australia.
Is Australia worth it for an MBA?
Getting an MBA from Australia is worthwhile because many top MBA colleges under prestigious universities provide plenty of career growth.
How hard is an MBA in Australia?
Getting admission to Australian Universities is not a challenging but lengthy process. Students must make sure they meet all the admission requirements.
What is the MBA duration in Australia?
Two years is the general MBA duration in Australia. However, some universities offer 1.5-year MBA courses.
What is the MBA salary in Australia?
After an MBA from an Australian universities, international students earn up to AUD 104 000 or INR 57,63,760 per year. Salary dependency differs according to the course and market.
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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