Australia is one of the world’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.
- 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.
- 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.
Recommended Read: Cost of living in Australia
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.
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|
|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 Compulsory||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.
MBA in Australia Costs (Institution-Wise)
Here is a guide to the average fee structures for MBA programs at leading Australian institutions.
|Name of Institution||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 88,000|
|The University of Melbourne||AUD 89,500|
|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 Name||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 bachelor’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
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 candidate’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.