Study an MBA in Australia and Lead the Future
Join a diverse and dynamic learning environment. An MBA from Australia gives you the skills, network, and global recognition to achieve your career goals.
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Why Study an MBA in Australia?
- High-Quality Education: Australia boasts nine universities ranked among the top 100 globally for MBA programs.
- Diverse Learning Environment: Australian MBA programs feature some of the world’s most diverse student cohorts.
- Strong Employment Outcomes: Graduates from Australian MBA programs, such as those from Melbourne Business School, are highly employable, with the school ranking 30th globally in employability.
- Attractive Salary Prospects: MBA graduates in Australia earn an average salary of $114,000, compared to $71,000 for those with only a bachelor’s degree.
- Stable Tuition Costs: The average cost of an MBA degree in Australia is approximately A$57,353, with prices remaining relatively stable in recent years.
- Post-Study Work Opportunities: Australia offers post-study work visas, allowing MBA graduates to gain valuable international work experience after completing their degree.
Types of MBA in Australia
- Full-Time MBA: It’s a comprehensive program that provides a global business perspective with hands-on experience, case studies, and insights from industry leaders.
- Executive MBA (EMBA): It is designed for working professionals with managerial experience, offering advanced business strategies while allowing them to continue working.
- Part-Time MBA: Ideal for professionals who want to upskill while working. It has a flexible schedule and takes longer than a full-time MBA.
Cost of Studying MBA in Australia
The MBA Study Cost in Australia depends on the university, program, and living costs. Below is a general breakdown:
Tuition Fees
Living Expenses
According to the Australian Government, an international student spends between $20,000 and $27,000 per year. Below is an average weekly expense chart:
| Living Expenses | Weekly Budget (Indicative) |
|---|---|
| Groceries and Eating Out | $140 to $280 per week |
| Gas, Electricity | $10 to $20 per week |
| Phone and Internet | $15 to $30 per week |
| Public Transport | $30 to $60 per week |
| Car (after Purchase) | $150 to $260 per week |
| Entertainment | $80 to $150 per week |
Accommodation Costs in Australia
Accommodation costs are the biggest factor of living costs in Australia. Below are the accommodation options along with their costs:
| Accommodation Type | Expenses (Indicative) |
|---|---|
| Hostels and Guesthouses | $90 to $150 per week |
| Shared Rental | $95 to $215 per week |
| On-Campus | $110 to $280 per week |
| Homestay | $235 to $325 per week |
| Rental | $185 to $440 per week |
Top MBA Colleges in Australia
Below are the top MBA colleges in Australia with fees:
| University | QS MBA Ranking | Tuition Fees |
|---|---|---|
| Melbourne Business School | 32 | AUD 112,500 |
| UNSW (AGSM) | 33 | AUD 81,720 |
| University of Sydney Business School | 27 | AUD 55,000 |
| UQ Business School | 81 | AUD 84,648 |
| Monash Business School | 73 | AUD 53,000 |
| Macquarie Business School, Macquarie University | 101 – 110 | AUD 44,500 |
| Australian National University | 111 – 120 | AUD 48,035 |
| University of Western Australia Business School | 121 – 130 | AUD 57,600 |
| RMIT University School of Business and Law | 140 | AUD 48,960 |
| Unisa Business School, University Of South Australia, Australia | 151 – 200 | AUD 43,800 |
Melbourne Business School
Ranked as the top business school in Oceania, Melbourne Business School offers Australia’s leading MBA and business analytics programs. It provides students with a world-class education and practical experience.
| Category | Details |
|---|---|
| QS Ranking | 32 |
| University Type | Public |
| Location | Carlton, Australia |
| Website | https://mbs.edu/ |
| Program Options | Full-Time MBA, Part-Time MBA, Executive MBA, Senior Executive MBA |
| Admission Requirements | Grade XII from a recognized board Work Experience of 24 Months GRE – 310, GMAT- 560 TOEFL (102), PTE (65), IELTS (7) |
| Average Fees Per Year | AUD 53.3K |
UNSW (AGSM)
AGSM delivers innovative, world-class MBA programs designed to create future leaders. These programs equip students with invaluable skills, practical experience, and access to a global network of alumni.
| Category | Details |
|---|---|
| QS Ranking | 33 |
| University Type | Public |
| Location | Sydney |
| Website | https://www.unsw.edu.au/ |
| Program Options | Full-time, Executive |
| Admission Requirements | An undergraduate degree (or equivalent) 2 years of full-time professional work experience GMAT score more than 600 IELTS(7), TOEFL(94), PTE(65) |
| Average Fees Per Year | 81,720 AUD |
University of Sydney Business School
Offering a comprehensive range of business programs, the University of Sydney Business School is recognized for its strong industry connections and commitment to developing business leaders.
| Category | Details |
|---|---|
| QS Ranking | 27 |
| University Type | Public |
| Location | Sydney |
| Website | https://www.sydney.edu.au/business/ |
| Program Options | Part-time MBA, Full-time MBA, Global Executive MBA |
| Admission Requirements | A minimum of three years of relevant work experience and a minimum grade point average (GPA) of 65 A GMAT score of 600+ TOEFL iBT(79), IELTS(6.5) |
| Average Fees Per Year | 57,200 (32.5 Lakhs INR) |
UQ Business School
The University of Queensland Business School is renowned for its high-quality teaching and research, offering a range of programs that prepare students for leadership roles in the global business environment.
| Category | Details |
|---|---|
| QS Ranking | 40 |
| University Type | Public |
| Location | Brisbane |
| Website | https://www.uq.edu.au/ |
| Program Options | MBA |
| Admission Requirements | A minimum CGPA of 4.5 on a 7.0 scale from a certified board GMAT( 550) TOEFL (87), PTE (64), IELTS(6.5) |
| Average Fees Per Year | AUD 35,000 |
Monash Business School
Monash Business School is a globally recognized institution, accredited by AACSB, EQUIS, and AMBA, offering cutting-edge business programs with a strong focus on research and industry collaboration.
| Category | Details |
|---|---|
| QS Ranking | 37 |
| University Type | Public |
| Location | Melbourne |
| Website | https://www.monash.edu/ |
| Program Options | Global Executive MBA, MBA Digital |
| Admission Requirements | Applicants must have a bachelor’s degree or equivalent Work Experience of 36 Months TOEFL(79), PTE(58), IELTS(6.5) |
| Average Fees Per Year | 31,000 to 53,000 AUD (18 to 30 Lakhs INR) |
Macquarie Business School, Macquarie University
Macquarie Business School offers a diverse selection of programs, including a top-ranked Master of Marketing and Master of Applied Finance. It caters to both undergraduate and postgraduate students.
| Category | Details |
|---|---|
| QS Ranking | 101 – 110 |
| University Type | Public |
| Location | Sydney |
| Website | https://www.mq.edu.au/macquarie-business-school |
| Program Options | MBA, Global MBA |
| Admission Requirements | Applicant must have AQF level 7 65% in bachelor’s degree Work Experience of 36 Months TOEFL (94), PTE (65), IELTS(7) |
| Average Fees Per Year | AUD 47,000 |
Australian National University
ANU’s College of Business and Economics provides a range of business programs, emphasizing research and practical skills to prepare students for successful careers in various sectors.
| Category | Details |
|---|---|
| QS Ranking | 30 |
| University Type | Public |
| Location | Canberra Australian Capital Territory |
| Website | https://www.anu.edu.au/ |
| Program Options | MBA |
| Admission Requirements | A bachelor’s degree, or an equivalent qualification Three years of relevant documented professional experience The equivalent of a UWA weighted average mark of at least 60 per cent GMAT 550 Work experience of at least 2 years TOEFL(100), PTE( 64), IELTS(7) |
| Average Fees Per Year | AUD 49,300 |
University of Western Australia Business School
The UWA Business School offers a variety of undergraduate and postgraduate programs. It provides students with the knowledge and skills needed to excel in business.
| Category | Details |
|---|---|
| QS Ranking | 121 – 130 |
| University Type | Public |
| Location | Crawley, Australia |
| Website | https://www.uwa.edu.au/ |
| Program Options | MBA Intensive |
| Admission Requirements | Bachelor’s degree with 65% 2 years of professional experience GMAT score of at least 650 IELTS(6.5), TOEFL(82), PTE(66) |
| Average Fees Per Year | Upto AUD 86,400 |
RMIT University School of Business and Law
RMIT’s School of Business and Law offers a range of programs that combine theoretical knowledge with practical application. These programs prepare students for dynamic careers in business and law.
| Category | Details |
|---|---|
| QS Ranking | 148 |
| University Type | Public |
| Location | Melbourne |
| Website | https://www.rmit.edu.au/ |
| Program Options | MBA and the Executive MBA |
| Admission Requirements | A bachelor’s degree GMAT overall minimum score of 550 IELTS(7), TOEFL(94), PTE(65), IELTS Academic (7) |
| Average Fees Per Year | Upto AUD 48,960 |
Unisa Business School, University Of South Australia, Australia
UniSA Business School provides a comprehensive suite of business programs. It emphasizes real-world experience and industry engagement to equip students for successful careers.
| Category | Details |
|---|---|
| QS Ranking | 340 |
| University Type | Public |
| Location | Adelaide |
| Website | https://unisa.edu.au/ |
| Program Options | Master of Business Administration, International Master of Business Administration |
| Admission Requirements | A recognized university Bachelor’s degree Three years of full-time management experience TOEFL (79), PTE(58), IELTS(6.5) |
| Average Fees Per Year | AUD 43,800 |
Eligibility for MBA in Australia for Indian Students
Below is the eligibility to get apply for an MBA in Australia as an Indian student:
- 4 years Bachelor’s degree or similar qualification from a renowned Institute
- Minimum GPA of 2.5 or higher.
- Graduate Management Admissions Test (GMAT) score of 700 or higher
- GRE score in the 310 to 320 range
- IELTS score ranges from 6.0 to 7.0
- TOEFL score 80-100
- Statement of Purpose
- Letters of Recommendation
- Work experience of 1 to 3 years with some colleges requiring over 10 years of experience
- You might also want International student support
How long is an MBA in Australia?
Most MBA programs in Australia take 2 years to complete. But there are some variations, such as.
- Accelerated MBA: Some universities offer 12 to 18-month intensive programs for faster completion.
- Part-time MBA: Designed for professionals, these programs span 2 to 3 years with flexible schedules.
- Executive MBA (EMBA): Tailored for senior professionals these programs last for 15 to 24 months with weekend or modular formats.
Cheapest MBA in Australia for International Students
Australia is known for high-quality education, but that doesn’t mean you can’t find affordable MBA programs. Listed below are some of the cheapest MBA options to choose from:
- James Cook University: Offers budget-friendly MBA programs in Cairns with a focus on tropical business environments.
- Victoria University: Provides accessible MBA options in Melbourne, known for its strong industry connections.
- Edith Cowan University: Based in Perth, ECU delivers competitive, low-cost MBA programs with flexible study options.
- University of Southern Queensland: Offers affordable MBA specializations with online and on-campus learning in Toowoomba.
- University of the Sunshine Coast: Features cost-effective MBA programs with an emphasis on sustainability and innovation.
Scholarships for MBA Study in Australia
Government Scholarships
- Curtin International Scholarships: Funded by the Australian Government for postgraduate international students.
- Australia Awards Scholarships: Focused on students from developing countries for study in Australia.
University-Specific Scholarships
- Monash International Leadership Scholarship Rewards high-achieving international students with leadership potential.
- Curtin International Scholarships: Recognizes exceptional academic achievements of international students.
Other Scholarships
- AGSM National Reach Scholarships: Support high-achieving students from Australian states outside Sydney.
- AGSM International Reach Scholarships: Designed for outstanding international students pursuing an MBA.
Jobs and Salaries after MBA in Australia
The top MBA Jobs in Australia and MBA salary in Australia are:
| Position | Salary (Annually) |
|---|---|
| Business Analyst | AUD 113,622 |
| Financial Manager | AUD 125,000 to AUD 145,000 |
| Project Manager | AUD 130,000 to AUD 150,000 |
| Consultant | AUD 88,755 |
| Marketing Manager | AUD 100,000 to AUD 120,000 |
Requirement for an Australian Student Visa
These are the requirements you must fulfil to get a student visa:
- You must be enrolled in a course of study in Australia
- You must hold Overseas Student Health Cover (OSHC), or fall into one of the exemption categories
- Also, you should be 6 years or older
- You should have proof you have a welfare arrangement if you are under 18.
- You will need to meet English language requirements
- You must have adequate health insurance
- You should have enough money for your stay
- You should not had a visa cancelled or an application refused
- Plus, you must meet their character requirement.
Post-Graduation Work Permit (PGWP)
After completing your MBA degree in Australia you might be eligible for a Post-Graduation Work Permit (PGWP). Through this permit, you can work in the country temporarily. Here are some details about this permit.
- You can stay in the country for up to 18 months through this visa.
- The stay-back period in Australia for master’s and post-work visa holders is about 2-4 years.
Frequently Asked Questions
What are the benefits of pursuing an MBA in Australia?
There are many benefits like access to a world-class education, strong industry connections, diverse learning environments, and excellent career prospects.
Why is Australia a popular destination for MBA studies?
Australian Business Schools are AACSB, AMBA and EQUIS accredited. Also, Australia has a strong economy, which creates ample job prospects for MBA graduates.
What is the average duration of an MBA program in Australia?
An MBA course in an Australian institution is for 15 months – 2 years. However, several universities offer a one-year MBA course as well.
Is work experience mandatory for admission to MBA programs in Australia?
No, work experience is not mandatory for admission to MBA programs in Australia.
Do Australian universities accept applications without GMAT?
Yes, some Australian universities accept MBA applications without a GMAT score. Instead, these universities consider other factors like work experience, academic qualifications, and professional achievements.
Are there scholarships available for international students pursuing an MBA in Australia?
Yes, there are several scholarships available for international students looking to pursue an MBA in Australia. Some scholarships include AGSM Full-Time MBA Scholarships, MBA Director’s Scholarship at the University of Sydney, Vice-Chancellor’s International Scholarships, etc.
Can I work while studying for an MBA in Australia?
Yes, you can work while studying for an MBA in Australia as an international student. You can work up to 48 hours of work per fortnight during term time and unlimited hours during study breaks.
What are the job prospects after completing an MBA in Australia?
After completing an MBA in Australia, you can take up roles in management consulting, business development, finance, marketing, human resources, entrepreneurship, project management, and several industry specialist positions.
