The Best Guide to MBA in Australia Costs

MBA in australia

Australia is one of the worldā€™s leading academic hubs and a popular choice for students from many countries. The country has beautiful cities, a gorgeous coastline, natural attractions, top-class infrastructure, and a multicultural environment. Along with the comparatively reasonable MBA in Australia cost, here are some other reasons worth considering:

  • Diverse specializations- Select your MBA major from a vast line-up of specializations like sports management, banking, education management, finance, and more.Ā 
  • Acclaimed education system- Australia has 50+ universities offering MBA programs, modelled on the Harvard style of awarding management degrees. There are 16-20 specialized disciplines covering 16-24 months at different institutions. The curricula follow the latest developments and standards in the industry.Ā 
  • All-round education- Australian institutions are not about all work and no play. They help students gain practical and industry exposure along with encouraging participation in varied co-curricular activities.Ā 

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Best MBA Universities in Australia

When it comes to an MBA in Australia for Indian students, there are many leading institutions worth considering. Some of the big names include Monash University, the University of New South Wales, Australian National University, the University of Sydney, the University of Melbourne, and the University of Western Australia, to name a few.Ā 

MBA in Australia Requirements (Institution-Wise)

Name of Institution 2022 QS World Rankings Minimum GMAT Score Minimum Work Experience
The University of Melbourne 37 705 2
Monash University 58 550 3
Australian National University 27 600 5
The University of Sydney 38 550 3
The University of Western Australia 93 650 2
The University of Queensland 47 550 4
University of New South Wales 43 650 2
University of Technology Sydney 133 550 4
The University of Newcastle 197 Not CompulsoryĀ  3
The University of Adelaide 108 500 2

As can be seen from the above table, it is difficult to pursue an MBA in Australia without work experience. You can still search for institutions that do not have compulsory work experience requirements.Ā 

MBA in Australia Costs (Institution-Wise)

Here is a guide to the average fee structures for MBA programs at leading Australian institutions.Ā 

Name of InstitutionĀ  Tuition Fees for MBA Programs
The University of Queensland AUD 82,584
Monash University AUD 93,200
Deakin University AUD 60,000
University of New South Wales AUD 88,000Ā 
The University of Melbourne AUD 89,500Ā 
Australian National University AUD 67,000
RMIT University AUD 57,440
Macquarie University AUD 80,700
The University of Western Australia AUD 60,000

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Duration of MBA Courses in Australia (Institution-Wise)

A duration of 16-24 months is the average tenure of MBA programs in Australia. Here is a look at the course tenures for some of the top institutions in the country.

Institution NameĀ  Tenure of MBA Program
Australian National University 1.5 years
University Of Technology, Sydney 2 years
Melbourne Business School 16 months
Monash University 2 years
Macquarie University 1 year
University Of Canberra 2 years
University Of Western Australia 16 months

General Eligibility Criteria for MBA in Australia

The eligibility criteria depend on the qualification and course, i.e. MBA (Master of Business Administration) or General Management programs. You should always check the specific requirements for MBA programs at institutions where you are applying. Here are some general criteria for studying MBA in Australia.

  • Most institutions insist on GMAT scores
  • 3-4 year bachelorā€™s degrees with 60% as your minimum score
  • At least 3 years of professional experience. Some institutions may take international students without work experience
  • Scores of English language proficiency tests like IELTS or TOEFL

Necessary documents for MBA in Australia

Here are some of the documents that you require for Australian MBA programs:

  • Academic transcripts and records
  • Passport-size photographs
  • Letters of Recommendation (LORs)
  • SOP (Statement of Purpose)
  • Updated Resume/CV
  • Scores in IELTS/TOEFL
  • GMAT Score Records
  • MBA Essays
  • Application Form
  • Student Visa
  • Loan Documents if required

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Application Procedure for MBA in Australia

Australian universities admit international students based on their undergraduate degrees, results, work experience, GMAT scores, IELTS/TOEFL scores, and interviews. You can visit the websites of your chosen universities and apply. You can also apply via global educational platforms that will guide you throughout the process. You should carefully check the application deadlines at each university. Apply well before the last date so that you have time to get the student visa.

Many Australian business schools need one or more personal statements. The SOP (Statement of Purpose) or personal statement should talk about the candidateā€™s life goals while highlighting his/her reasons for applying to the institution. LORs or letters of recommendation are also needed by universities and are endorsements of candidates by third persons. You should arrange for at least three LORs including the manager at your previous organization, professor, and any other supervisor. Some universities may ask for the CVs of candidates with their applications. Resumes should have basic details including academic and related qualifications, date of birth, personal details and accomplishments. Your CV should also highlight your work experience with valid proof.

You will have to arrange for score reports (IELTS, GMAT, TOEFL, and GRE, whichever is applicable) and your academic transcripts for all qualifications listed in your application. Get work experience certificates and photocopies of your passport and identity cards. You can also submit certificates highlighting your extra-curricular achievements. You may be called for a separate interview if your application is shortlisted. Once this is done successfully, you can expect to receive your confirmation letter soon.

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