MBA in Australia
Based on the QS Global MBA Ranking 2023, the top five business schools in Australia rank under the global top 100. Also, Australian cities like Melbourne and Sydney rank at five and nine, respectively, in QS Best students cities 2023. This makes Australia a favored and world’s leading academic destination for higher education aspirants from around the world.
Pursuing MBA in Australia brings a transformative experience, opening doors to exciting career opportunities and providing a solid foundation for professional growth. With its renowned universities, vibrant business environment, and international appeal, Australia offers MBA courses with a comparatively reasonable study cost. The country has beautiful cities, a gorgeous coastline, natural attractions, top-class infrastructure, and a multicultural environment.
|Duration||1 to 2 years|
|Average Tuition Fee||AUD 60,000 to AUD 100,000|
|Course Type||Full-time, Part-time, Accelerated|
|Exams Required||GMAT/GRE and IELTS/TOEFL|
|Eligibility Criteria||Undergraduate degree, GMAT/GRE scorecard,|
|Average Salary Range Annually||AUD 77,845 to AUD 120,907|
Why Study MBA in Australia
Australian cities ranked the best student cities globally have drawn significant interest and become an education hub for overseas students. Following reasons support the student's choice to study MBA in Australia.
- Quality Education: Australian business schools and universities have a strong reputation internationally and are globally recognized for their high-quality education. The MBA programs in Australia are designed to provide a strong foundation in business principles, critical thinking, and practical skills required for success in the corporate world.
- Employability Scope: Obtaining an Australian MBA degree enhances your credentials and increases your chance of employment worldwide. It opens up career prospects for you in the field of Marketing, Sales, Management, Operations, Finance, Accounting, and many others. It lands you an annual average salary ranging from AUD 77,845 to AUD 120,907.
- Cultural Diversity: Australia’s welcoming environment makes it a multicultural country with a diverse student population. Studying in such an environment offers global exposure to you, building varied perspectives toward cultures.
Post-Study Work Opportunity: Upon completing your MBA, you become eligible for a post-study work visa in Australia. It allows you to apply your acquired knowledge, gain practical work experience in the country, build professional networks, and secure long-term employment opportunities 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. Here are the top MBA colleges in Australia, their QS Ranking, and other details.
|Name of Institution||City||2023 QS Global MBA Rankings||Course Duration|
|Melbourne Business School||Melbourne||27||2 years|
|University of New South Wales (UNSW)||Sydney||31||1 year/2 years|
|Macquarie Business School, Macquarie University||Sydney||82||1.5 to 2 years|
|Monash Business School||Melbourne||84||2 years|
|The University of Queensland||Brisbane||87||1 year|
|The University of Western Australia Business School||Perth||111-120||12 to 18 months|
|Australian National University||Canberra||121 - 130||1.5 years|
|RMIT University School of Business and Law||Melbourne||151 - 200|
1.5 years (accelerated)
2 years (full-time)
|Unisa Business School, University of South Australia||Adelaide||151 - 200||1.5 years|
|Uts Business School, University of Technology Sydney||Sydney||151 - 200|
2 years (full-time)
4 years (part-time)
MBA Specializations in Top Universities in Australia
Most of the best MBA colleges in Australia offer specialization in General Management. There are several other Australian universities that offer the below-mentioned specializations:
|Western Sydney University|
|Australian National University|
|University of Newcastle||International Business|
Tuition Fee in Top Universities for MBA in Australia
Here is a guide to the average tuition fee for MBA in Australia:
|Melbourne Business School||AUD 99,630|
|University of New South Wales (UNSW)||AUD 81,720|
|Macquarie Business School, Macquarie University||AUD 60,000+|
|Monash Business School||AUD 100,000|
|The University of Queensland||AUD 84,648|
|The University of Western Australia Business School||AUD 67,350|
|Australian National University||AUD 46,680 annually|
|RMIT University School of Business and Law|
AUD 72,000 (for 1.5 years accelerated MBA)
AUD 96,000 (for 2 years full-time MBA)
|Unisa Business School, University of South Australia||AUD 37,800 annually|
|Uts Business School, University of Technology Sydney||AUD 22,895 annually|
Intakes for MBA in Australia
The following table represents the intakes and admission deadlines in top Australian universities to pursue MBA.
|Institution||Intake (Commencement Date)||Application Deadline|
|Melbourne Business School||September, 2023||May 31, 2023|
|University of New South Wales (UNSW)||May, 2023||March 1, 2023|
|Macquarie Business School, Macquarie University|
|Monash Business School||February, 2023||-|
|The University of Queensland||-|
|The University of Western Australia Business School||January, 2024||-|
|Australian National University||Undergoing renewal exercise||Undergoing renewal exercise|
|RMIT University School of Business and Law|
|Unisa Business School, University of South Australia||No application deadline|
|Uts Business School, University of Technology Sydney||February/March||December|
Course Curriculum of MBA in Australia
MBA in Australia has designed its modules with core and elective subject categories. The categories include subjects and concentrations to help you build a solid foundation and understanding of general management concepts and organizational functions. The MBA subjects and concentrations vary depending on your chosen MBA specialization and Australian universities. However, below is a demonstration of a typical MBA course curriculum with core and elective subjects:
- Managing People
- Managerial Economics
- Managerial Ethics and Business Environment
- Data Analysis
- Financial Accounting
- Innovation Bootcamp
- Business Strategy
- Business in Complex Environments
- Brand Management
- Business Law
- Business Analytics
- Consumer Behaviour
- Corporate Finance
- Corporate Strategy
- Mergers and Acquisitions
- Marketing Research
- Marketing Strategy
- Supply Chain Management
Eligibility Criteria for MBA in Australia
The eligibility criteria for MBA in Australia depend on the type (full-time, part-time, online) of the MBA program you have chosen. You should always check the specific eligibility criteria for MBA programs at the institutions where you are applying. Here are the eligibility criteria that you must meet for studying MBA in top Australian universities.
|Institution||Minimum Education Qualification||Minimum GMAT Score||English Proficiency||Minimum Work Experience|
|Melbourne Business School||An undergraduate degree||695 in GMAT||Either 7.0 in IELTS, or 102 in TOEFL iBT, or 65 in PTE||2 years|
|University of New South Wales (UNSW)||An undergraduate or equivalent degree||650 in GMAT||Either 7.0 in IELTS, or 94 IN TOEFL, or 65 in PTE, or 185 in CAE/CPE||2 years|
|Macquarie Business School, Macquarie University||A Bachelor’s or equivalent degree with 7 AQF level||680 in GMAT||7 in IELTS|
3 years (for 2 years MBA) and 5 years (for 1.5 years MBA)
|Monash Business School||A Bachelor’s or equivalent degree||Not required||6.5 in IELT, or 550 in TOEFL PB, or 79 in TOEFL iBT, or 58 in PTE, or 176 in CAE/CPE||3 years|
|The University of Queensland||A Bachelor’s or equivalent degree with 4.5 GPA||550 in GMAT||6.5 in IELT, or 87 in TOEFL iBT, or 570 in TOEFL PB or 64 in PTE||4 years|
|The University of Western Australia Business School||A Bachelor’s or equivalent degree with 60%||-||7 in IELTS||3 years|
|Australian National University||A Bachelor’s or equivalent degree with 5.0 GPA||600 in GMAT||6.5 in IELTS, or 80 in TOEFL, or 176 in CAE, or 64 in PTE,||5 years|
|RMIT University School of Business and Law||A Bachelor’s or equivalent degree with 1.0 GPA||550 in GMAT||6.5 in IELTS, or 79 in TOEFL, or 58 in PTE, or 176 in CAE||Not required|
|Unisa Business School, University of South Australia||A Bachelor’s or equivalent degree||600 in GMAT||6.5 in IELTS||3 years|
|Uts Business School, University of Technology Sydney||A Bachelor’s or equivalent degree||-||7.0 in IELTS, or 94 in TOEFL, or 65 in PTE, or 185 in CAE/CPE||Not required|
Document Requirements 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)
- Statement of Purpose (SOP)
- Updated Resume/CV
- IELTS/TOEFL Scorecard
- GMAT Score Records
- MBA Essays
- Application Form
- Student Visa
- Loan Documents, if required
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, the 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.
Admission Process 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.
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.
Cost of Living in Australia
When planning to study abroad at an Australian university, your budget and quality of life become significant factors. The cost of living in Australia varies on your choice of location in Australia. Cities like Sydney and Canberra tend to have higher costs of living when compared to Melbourne, Perth, Adelaide, and Brisbane.
|Category||Cost per month (Approx.)*|
|Accommodation||AUD 972 (for a shared house)|
|Transport (Public vehicle)||AUD 96|
|Personal (gym, haircut, mobile plans)||AUD 64|
|Entertainment (outings, sports)||AUD 224|
Scholarships for MBA in Australia
While pursuing your MBA program in Australia, you can avail of various scholarships for international students in top Australian universities.
|Business and Economics Graduate Scholarship||Melbourne Business School||International or domestic student with a strong academic record||25% of the tuition fee|
|Vice-Chancellor's International Scholarship||Macquarie Business School||International student with 65 WAM in a postgraduate program||Upto AUD 10,000|
|MBA Student Scholarship – International||The University of Queensland||International student with an excellent academic record||25% of the tuition fee|
|UWA MBA (Intensive) International Prestige Scholarship||The University of Western Australia Business School||International student meeting the GMAT score requirement||100% of the tuition fee|
|MBA Scholarship for Outstanding Students||UTS Business School, University of Technology Sydney||International or domestic student with more than 75% academic scores in MBA||AUD 5,000 toward the tuition fee|
Job Scopes After Studying MBA in Australia
The following job roles are the career prospects that you can expect to get after completing an MBA program in Australia.
|Job Profile||Average Annual Salary*|
|Marketing Manager||AUD 82,103|
|Senior Business Analyst||AUD 120,907|
|Business Development Manager||AUD 80,681|
|Sales Manager||AUD 77,845|
|Finance Manager||AUD 100,655|
|Operations Manager||AUD 86,464|
|General Manager||AUD 120,063|
- Clear All
DURATION2 years 6 months
INTAKE SESSIONAUG 2024
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INTAKE SESSIONAUG 2024
DURATION1 year 6 months
INTAKE SESSIONJAN 2024
DURATION1 year 6 months
Frequently Asked Questions
Q. How much does an MBA program cost in Australia?
A. An MBA program in Australia costs around AUD 67,350 to AUD 100,000 for the entire program.
Q. Is it worth doing an MBA in Australia?
A. Yes, it is worth doing an MBA in Australia as it offers various managerial job profiles post-completion with an average annual salary ranging from AUD 80,681 to AUD 120,907.
Q. Can I get PR after my MBA in Australia?
A. Yes, you can get PR after completing your MBA in Australia. Various visa options are available for skilled migrants to contribute to the national economy. The Skilled Migration program in Australia has the highest number of positions, which can be an option for applying for a PR visa.
Q. Is GMAT compulsory for MBA in Australia?
A. GMAT score of more than 600 is demanded in most of the top Australian universities for an MBA, but there are few universities where a GMAT score is not needed.
Q. Is IELTS compulsory for MBA in Australia?
A. A minimum of 6.5 IELTS score is usually required to pursue an MBA in Australia, especially if you are from a non-English speaking country. In some cases, IELTS is not mandatory, but there are other conditions that you must fulfill.
Q. Is it difficult to do an MBA from Australia?
A. Getting admission to an MBA program in Australia can be a challenging but rewarding experience. The difficulty level will depend on various factors, including your academic background, work experience, language proficiency, and personal commitment. If you are able to meet these criteria, then it becomes easy for you to pursue an MBA from Australia.
Q. What is the salary after completing an MBA in Australia in Indian rupees?
A. The average salary after completing an MBA in Australia ranges from INR 42,77,955 to INR 66,44,418 per annum.
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