MBA in Australia

Table of Contents

1. Why study in Australia for MBA?
2. Top universities in Australia for MBA
3. Eligibility requirements
4. Application process
5. Cost of studying MBA in Australia
6. Scholarships for MBA in Australia
7. Job opportunities for MBA in Australia
8. Frequently Asked Questions

According to High Commission of India, Canberra’s report, 1,22,391 Indian students were studying in Australia in January – September 2023 period. The Times of India reports a huge outflow of Indian students to Australia in recent years for higher education degrees.  

Among those top sought-after courses comes MBA, according to universities and multiple other sources. Australia has more than 30 universities offering MBA courses with specializations in various areas. Ranked by globally renowned organizations, MBA in Australia is reputed for their theoretical and practical teaching excellence.  

Why study in Australia for MBA?

• Globally recognized programs: Australian universities hold global reputation and MBA from these institutions are accepted across the globe.  

• Academic excellence: Australia has a high rank in the quality of tertiary education. The universities offer practical training and internship opportunities for MBA students in collaboration with global-top companies and organizations.   

• Cultural exposure: Australia, the English-speaking country in Oceania, is a hub of Eastern and Western cultures. Your experience in Australia will give you deeper insights on business, career, and life in general.  

• Tropical weather conditions: No country is better than Australia in terms of weather conditions. The tropical weather conditions are perfect for international students who need to worry about extreme heat or cold.  

• Innovative business environment: Australia encourages an innovative environment for international students to give in and take away. In fact, the government supports innovation and contributions from international students through scholarships and exchange programs. 

• Post-study work opportunities: As the country hosts a stable economy of steady growth, the work opportunities are ample for international students. MBA graduates can explore and find top opportunities and work in Australia post their studies. 

Top universities in Australia for MBA  

When you plan your MBA study in Australia, we recommend you prioritize the top universities. They will provide the best available resources in the country to fulfill your academic and career needs. According to the latest world university rankings, the following are the top-ranking universities in Oceania for MBA. 

QS Rankings 2024 (Oceania)	University	Full-time MBA Tuition Fee
1	Melbourne Business School, Melbourne University	106,650 AUD
2	University of New South Wales	106,680 AUD
3	University of Sydney Business School	55,000 AUD
4	The University of Queensland Business School	91,421 AUD
5	Monash Business School, Monash University	53,000 AUD
6	Macquarie Business School, Macquarie University	44,500 AUD
7	Australian National University	48,035 AUD
8	University of Western Australia Business School	47,600 AUD
9	University of Technology Sydney Business School	48,096 AUD
10	Unisa Business School, University of South Australia, Australia	43,800 AUD

Eligibility requirements 

Before you apply for MBA to an Australian university, make sure you meet the eligibility requirements prescribed. Given below is a general list of application requirements. Be mindful that the requirements may be more than what is given below, as decided by the university you are applying for admission.  

• A bachelor’s degree in a relevant field 
• A minimum GPA of 2.0 – 3.0  
• GMAT or GRE  
• English proficiency proof – IELTS, TOEFL, PTE, Duolingo, etc.  
• A resume 
• Letter of Recommendation – minimum 1 – 2, as demanded by the university of application 
• Academic transcripts 
• A personal essay 

Application process  

Applying for an MBA at an Australian university requires you to go through the guidelines. Make your online application timely in the right intake.  

For an easy application process, get help from our expert counselors. They will evaluate your profile and guide you in admission and education loan options. All the services are provided by experienced counselors at zero cost to you. Click here to connect with us and get expert answers to your concerns.  

Cost of studying MBA in Australia 

International students must gather funds to meet the tuition fee, other academic expenses, and living costs in Australia. The total cost can vary significantly from city to city and from university to university.  

• According to the Australian Parliament report on higher education, the average postgraduate tuition fee for international students ranges between 20,000 – 50,000 AUD. For an MBA, it can be up to or more than 100,000 AUD. 
• According to the Australian government, an international student requires at least 24,505 AUD to meet the living expenses.  
• While studying, you can work part-time not more than 48 hours a fortnight. The average wage is 22.23 AUD per hour. 

Assess your living costs based on your city of living. The table below shows the cost of living in Sydney. 

Category	Annual Expense in Sydney
Rent or Shared Apartments	18,200 AUD
Groceries	5,200 AUD
Internet or Phone	1,560 AUD
Gas or Electricity	1,040 AUD
Books or Supplies	832 AUD
Transportation	1,820 AUD

Scholarships for MBA in Australia

There are various scholarships available for MBA in Australia funded by government and private organizations. Some of the top options are given below: 

Scholarship	Amount or Expenses Covered
Kraft Heinz Scholarship	12,000 USD
Monash International Leadership Scholarship	100% of the tuition fee
University of Adelaide MBA Scholarship	Tuition fee coverage
Destination Australia scholarship	15,000 USD
Australia Awards Scholarship	Full study expenses

Job opportunities for MBA in Australia 

According to data from different universities, MBA graduates of Australian universities have a good chance of securing top job roles across industries. Managers, consultants, and analysts are some job roles to mention. See the table below for average salary for different MBA jobs in Australia:  

Job Title	Average Salary in Australia
Project Manager	150,000 – 200,000 AUD
General Manager	140,000 – 160,000 AUD
Business Consultant	100,000 – 120,000 AUD
Healthcare Administrator	80,000 – 90,000 AUD
Financial Analyst	75,000 – 100,000 USD
IT Manager	120,000 – 140,000 AUD
Supply Chain Manager	135,000 – 155,000 AUD
HR Manager	115,000 – 135,000 AUD
Risk Manager	135,000 – 155,000 AUD
Management Analyst	110,000 – 130,000 AUD

Thus, an MBA from an Australian university is a great career decision for many reasons. Studying in Australia for MBA gives you the necessary academic knowledge, industry exposure, and learnings for a successful career.  

If you are planning to apply for an MBA in Australia, don’t waste your time for daunting concerns. Connect with our counselor and get answers to all your queries. Explore guidance in admissions and education loan options at zero cost.  

Frequently Asked Questions

Is Australia a good choice for MBA? 

Definitely. Australia houses globally ranked universities for MBA. Having an MBA degree from an Australian university is highly advantageous for your career growth.  

Can I apply for PR after MBA in Australia?

Yes. You can apply for PR in Australia after completing your MBA and stay in the country.

Which MBA program has high demand in Australia?

In Australia, MBA programs are offered with popular specializations, such as Marketing, Finance, Human Resource, etc. These MBA programs have a high demand in different industries.

Is it tough to get MBA admission in Australia? 

Getting admission to an Australian university for an MBA can be tougher, given the competition every year. However, if you have a very good GPA and other requirements, you can look forward to admission success. 

Is IELTS mandatory for MBA in Australia?

Typically, proof of English proficiency is required from international students for MBA in Australia. It is waived for selecting students with conditions, such as work experience. If no waiver, international students must submit proof of English proficiency like IELTS, TOEFL, PTE, etc.