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MBA In Finance In Australia 2024: Top Universities, Fees, Eligibility

mba in finance australia

Enrolling for an MBA in finance in Australia is a dream for many international students. Considering QS World Ranking 2024, the country has some top-ranking business colleges and schools. The annual tuition fee for an MBA in finance in Australia is estimated at around 59,966 AUD. When combined with other study expenses, the annual cost may go up to 45,000 AUD. MBA graduate in Australia can earn up to 1,32,793 AUD per annum which is quite the ROI. Reading this blog will guide you through a list of top universities/colleges in Australia for MBA finance—also, check fee structure and requirements!

MBA In Finance In Australia – Top Universities For International Students

The list of top MBA colleges is based on numerous considerations. Evaluating any global destination for studies depends on educational infrastructure, global ranking, and affordability for international students. 

Refer to the table below for insight into the best universities in Australia for programmes like MBA in Accounting and Finance in Australia.

Name Of The UniversityProgramme DurationProgramme Name
University of South Australia1.5 yearsMBA (Finance)
Western Sydney University2.5 yearsMBA/Master of Applied Finance
The University of Newcastle2 yearsMaster of Business Administration-Applied Finance
Victoria University2 yearsMaster of Finance
Curtin University1 yearMaster of Finance
University Of Tasmania2 yearsMaster of Finance

Top Universities for MBA in Australia And Fees

Knowing the fee structure is primary for students aspiring to join universities or colleges in Australia. Tuition fees and the cost of studies differ from one college to another. The table below provides insight into the tuition fees of different universities/colleges in Australia for an MBA in finance.

Name UniversityMBA Finance In Australia FeesUniversity Ranking (QS World 2024)
University of South Australia36,000 AUD/ year326
Western Sydney University31,760 AUD/ year494
The University of Newcastle27,495 AUD/year134
Victoria University3,500 AUD/ per unit236
Curtin University30,000 AUD194
University Of Tasmania35,950 AUD/ year303

Eligibility Criteria & Admission Requirements For MBA In Finance in Australia

To enroll in top MBA finance colleges in Australia there are some basic requirements and eligibility. International students meeting the specific criteria are the only ones eligible for admission, and they are as follows:

  • Students with a bachelor’s degree with a minimum of 65% marks can seek entry into an MBA in Finance in Australia. 
  • The English proficiency test is also mandatory for all international students. A student needs a score like IELTS 6 or 6.5; for TOEFL, it is around iBT60 to 90. 
  • For Indian students dreaming to study abroad Australia, some universities also accept a GMAT score of 590.
  • Before applying for an MBA programme in Australia, students must acquire 2 to 3 years of work experience, which is essential for easy admissions.
  • Visa permits students to enter any global destination. Similarly, a student visa Australia is required to apply for an MBA in Finance in Australia.

Documents Required

Some essential documents are required from international students before applying for an MBA in Finance as per the following list: 

documents required for MBA in finance in Australia

Average Cost of Doing An MBA In Finance From Australia

Studying an MBA in Finance in Australia has a cost associated with it for international students. Notably, overseas students will spend around AUD 40,000 to AUD 100,000 per year. However, considering differences in norms and rules, the actual cost may vary from institute to institute. Additionally, the cost of living in Australia may go up to 21,000 AUD. 

Understand the table below to get insight into the average cost of studying in Australia.

Name of the UniversityAverage Cost (in INR)Average Cost (in AUD)
Western Sydney University18 lakhs35,016
University of South Australia23 lakhs43,800
Bond University37 lakhs70,170
Flinders University20 lakhs39,400
University of Newcastle21 lakhs40,330
University of Tasmania35 lakhs67,664

Scholarships For MBA In Finance In Australia

International or Indian students can avail themselves of multiple scholarships to manage the cost of study in Australia. There are different types of scholarships, and international students can receive the benefits per the rules guiding the scholarship. Hard work and effort will be rewarded after the student completes post study work in Australia by the end of their placements!

For details on scholarships and benefits for Indian students, take help of the table here: 

Scholarship NameValue
South Asia Excellence Scholarship10,000 per year
Transformer Scholarship50% tuition fee waiver
Western Sydney International Scholarships6,000 per year
Global Scholarships20% tuition fee waiver
MBA Merit Scholarship (Dean of Business and Economics)50% tuition fee waiver
Vice Chancellor’s International Excellence Scholarship50% tuition fee waiver
Monash MBA International Women in Leadership Scholarship23,113 AUD
MBA (Intensive) International Prestige Scholarships100% tuition fee waiver
Adelaide MBA Scholarship25% of tuition fee waiver
MBA Student Scholarship25% tuition fee waiver
Global Reach Scholarship along with Excellence ScholarshipValue keeps Varying

What exams are required to get admitted to an MBA in Australia?

Candidates must fulfil several key requirements to gain admission to an MBA programme in Australia. Firstly, they must achieve a satisfactory score on the GMAT (Graduate Management Admission Test), with most universities setting a minimum score ranging from 550 to 650. For top-tier MBA programmes, the average GMAT score required is approximately 590.

  • In addition to the GMAT, international students whose native language is not English must demonstrate proficiency in English by taking exams such as IELTS or TOEFL. The required scores for these English proficiency tests vary by university but generally fall within the range of IELTS 6.5 to 7.0 or TOEFL 79 to 100.
  • Most MBA programmes in Australia mandate candidates to possess 3-5 years of relevant work experience. While some universities may consider applicants with less experience, a substantial professional background is typically preferred.

The primary admission criteria for an MBA in Australia include a competitive GMAT score, evidence of English language proficiency, and significant work experience. It’s important to note that these requirements may differ among universities in Australia.

What are the common job roles for MBA graduates in Australia?

MBA graduates in Australia are in high demand. According to Australian Government data, the annual recruitment of MBA Finance professionals is around 6,000. After completing a programme in Australia, such as an MBA in Finance, one can make around 1,32,793 AUD per year. Permanent residency in Australia is another mouthwatering element for students in Australia. This can be achieved by applying for a permanent visa after finding a job in this field.

Here are some of the common job profiles for MBAs in Australia below:

  1. Financial Advisor – Aids enterprises assess feasibility, devise plans, and enhance profitability approaches.
  2. Investment Banker – Facilitates companies in securing funds through stock and bond issuance, as well as through acquisitions and mergers.
  3. Investment Analyst – Assesses financial and investment data to offer insights on purchasing, selling, and retaining bonds, stocks, and options.
  4. Analytics Manager – Designs strategies for data analysis and reporting to bolster data-centric decision-making across various departments like sales and marketing.
  5. Finance Manager – Provides counsel to top management on strategies for profit generation, ensures effective financial management, and spearheads forecasting endeavours.
  6. Management Consultant – Strategies and counsels enterprises to resolve organisational challenges, enhance value, and uplift business performance.
  7. Strategy Manager – Evaluate an organisation’s operations to pinpoint strengths, weaknesses, and avenues for improvement.
  8. Product Manager – Shapes product strategies by aligning design with customer demands, aiming to develop impactful products.
  9. Commercial Manager – Oversees budgeting, procurement, and cost management for diverse projects.

How much does an MBA graduate earn in Australia?

Based on several reports and recruitment sites, here is a detailed table of the average annual salaries for MBA graduates in finance-related roles in Australia:

Job TitleAverage Annual Salary (AUD)INR Equivalent
Finance Manager$103,010₹55.82 lakhs
Accounting Manager$95,237₹51.60 lakhs
Supply Chain Manager$102,302₹55.43 lakhs
Management Consultant$95,150₹51.56 lakhs
Human Resources Manager$96,689₹52.39 lakhs

Here are some insights into the salaries of some top recruiters of MBA graduates in Australia:

RecruiterAverage Annual Salary (AUD)INR Equivalent
JP Morgan$101,983₹55.26 lakhs
Macquarie Group$109,353₹59.25 lakhs
Goldman Sachs$70,944₹38.44 lakhs
Morgan Stanley$99,322₹53.82 lakhs
KPMG$99,000₹53.64 lakhs
Rio Tinto$109,448₹59.30 lakhs

This indicates that MBA graduates in finance-related roles in Australia can expect to earn average annual salaries ranging from around ₹51 lakhs to ₹59 lakhs, with top recruiters offering even higher compensation. 

Procedure For Admission In MBA Finance In Australia

Following a set procedure can help students in ensuring hassle-free admissions. Students can also reach out to UniScholars for help in the application process. 

  1. The first step in initiating an admission process is to enlist some of the best universities and colleges in Australia to study for an MBA. 
  2. Check for intakes in Australia and the application deadline.
  3. Apply for admission online through the university’s official portal or request an application form through post.
  4. After applying, appear for the interview rounds per university/college norms.
  5. Once the interview is done, wait for the acceptance letter.
  6. Finally, complete the process by applying for a student visa and preparing for departure.


How Good Is Australia For Doing An MBA In Finance?

Enrolling for an MBA in finance in Australia means good job opportunities and professional development. Home to some of the globally ranked universities and colleges, Australia is one of the best destinations to study MBA.

Which MBA Has The Highest Demand In Australia?

An MBA in finance is in high demand in Australia. Other high-demand MBAs are in Healthcare, Entrepreneurship, Human Resources, and Management.

What Is An Estimated Salary For an MBA In Finance In Australia?

With earnings of around 1,32,793 AUD per year, MBA finance in Australia offers the best salary slabs. Significant companies are hiring MBA finance-qualified individuals to assist in managing business expenditures and help in financial decisions.

Is MBA In Australia Worth It For Indian Students?

Indian students can apply for multiple scholarships and post-study visas in Australia. They can also become future-ready by doing an MBA in Finance from Australia, as the country offers huge career potential for MBA graduates.

1 thought on “Top PGDM Courses In Canada: Universities, Specialisations & Eligibility”

  1. 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

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MBA In Finance In Australia 2024: Top Universities, Fees, Eligibility

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