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MBA in Australia

Why MBA in Australia

MBA In Australia provides admission based on the marks scored in the undergraduate program, required work experience, and an interview conducted by the business school.

Why Choose Australia For MBA?

Whenever it comes to learning in Australia, foreign students have a lot of options. There are 43 universities in Australia, including 40 Australian universities, two foreign universities, and one private college. Six Australian universities are among the world’s top 100, demonstrating the importance of both quantity and quality.

 

Eligibility Criteria for MBA Program in Australia

  • To be admitted into business schools in Australia candidates should have a graduate degree with a grade point average of 55-65 per cent

  • A minimum 65% percentage marks in bachelors

  • An IELTS score of at least 6.5 (Equivalents would be accepted)

  • To get into an MBA program at one of Australia's best business schools you must have at least two years of prior work experience

  • Bachelor's degrees in any field (some schools prefer a degree of certificate in business-related fields)

  • Interview conducted face-to-face over a video call or on phone

  • Copy of your latest updated resume

  • At least two reference letters from the previous employer or professors

  • A good GMAT or GRE score

  • Some prestigious business schools that admit students into MBA programs without a GMAT are Monash Deakin and LaTrobe University.

MBA Course Duration

The duration of the course in Australia is around one year and it is a full-time course. 

Tuition Fees

MBA programs in Australian universities cost between 40,200 and 64,000 dollars on average. In Indian rupees, the cost of an MBA in Australia is about 45 lakhs. Moreover, with grants for MBA in Australia, the cost can be kept to a minimum. There are several government grants available that pay up to 100% of your tuition costs, making higher teaching more accessible. You can even work part time to cover the expenses.

MBA in Australia - Tuition Fees for Indian Students

SchoolFull-time MBA Fees (INR)
Melbourne Business School45.59 Lakhs
AGSM Business School44.01 Lakhs
Monash Business School44.83 Lakhs
Macquarie Graduate School of Management40.31 Lakhs
UWA Business School30.41 Lakhs
UQ Business School 41.16 Lakhs
ANU College of Business & Economics36.58 Lakhs
Deakin Business School31.89 Lakhs
RMIT University School of Business43.53 Lakhs
La Trobe Business School30.38 Lakhs

Salaries for MBA Graduates

Because of the increased demand for managers, candidates with an MBA from Australia can expect to earn about 98,400 USD on average (72.2 lakhs). Accounting and Finance are among the well-paid MBA occupations in Australia, with an average salary of 61,229 USD.  

Top Business School & Salary of MBA Graduates in Australia

 

Business SchoolsSalary of MBA Graduates (USD)
Melbourne Business School125,000 
AGSM Business School213,000
Monash Business School135,00
Macquarie Graduate School of Management147,000
UWA Business School139,000
UQ Business School 203,000
ANU College of Business & Economics99,000
Deakin Business School133,000

Pre-arrival Cost

Type of Expense Cost (USD)
Application Fee100 (approx.)
Australian Student Visa Fee426 
GRE Fee205
GMAT Fee250
TOEFL Registration Fee160 – 250
IELTS Registration Fee215 – 240

Post-arrival Cost

The total MBA in Australia program cost in a top-ranked business school is 40,200 USD to 64,000 USD. 

Documents for Australian Student Visa

  • Valid passport

  • Proof of ID

  • Acceptance letter from the university/college

  • OSHC health insurance

  • Bank statement with proof of sufficient funds (~62

  • 222 AUD per year)

  • English language proficiency scores like TOEFL IELTS etc.

  • Statement of Purpose

  • 4 passport size photograph

  • Students might have to appear for a possible health checkup and visa interview depending upon their current location.

The Top Business Schools for MBA in Australia
Top- Rated SchoolsFull-time MBA Fees in USD (Approx.)
UWA Business School41,498 USD
UQ Business School 56,159 USD
Monash Business School61,166 USD
Macquarie Graduate School of Management54,993 USD
Melbourne Business School62,198 USD
AGSM Business School60,053 USD
RMIT University School of Business59,393 USD
La Trobe Business School41,461 USD
ANU College of Business & Economics49,911 USD
Deakin Business School43,524 USD