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.
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
| School | Full-time MBA Fees (INR) |
| Melbourne Business School | 45.59 Lakhs |
| AGSM Business School | 44.01 Lakhs |
| Monash Business School | 44.83 Lakhs |
| Macquarie Graduate School of Management | 40.31 Lakhs |
| UWA Business School | 30.41 Lakhs |
| UQ Business School | 41.16 Lakhs |
| ANU College of Business & Economics | 36.58 Lakhs |
| Deakin Business School | 31.89 Lakhs |
| RMIT University School of Business | 43.53 Lakhs |
| La Trobe Business School | 30.38 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 Schools | Salary of MBA Graduates (USD) |
| Melbourne Business School | 125,000 |
| AGSM Business School | 213,000 |
| Monash Business School | 135,00 |
| Macquarie Graduate School of Management | 147,000 |
| UWA Business School | 139,000 |
| UQ Business School | 203,000 |
| ANU College of Business & Economics | 99,000 |
| Deakin Business School | 133,000 |
Pre-arrival Cost
| Type of Expense | Cost (USD) |
| Application Fee | 100 (approx.) |
| Australian Student Visa Fee | 426 |
| GRE Fee | 205 |
| GMAT Fee | 250 |
| TOEFL Registration Fee | 160 – 250 |
| IELTS Registration Fee | 215 – 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 Schools | Full-time MBA Fees in USD (Approx.) |
| UWA Business School | 41,498 USD |
| UQ Business School | 56,159 USD |
| Monash Business School | 61,166 USD |
| Macquarie Graduate School of Management | 54,993 USD |
| Melbourne Business School | 62,198 USD |
| AGSM Business School | 60,053 USD |
| RMIT University School of Business | 59,393 USD |
| La Trobe Business School | 41,461 USD |
| ANU College of Business & Economics | 49,911 USD |
| Deakin Business School | 43,524 USD |