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. 

Course Highlights

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. 

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:

Tuition Fee in Top Universities for MBA in Australia 

Here is a guide to the average tuition fee for MBA in Australia:

Intakes for MBA in Australia

The following table represents the intakes and admission deadlines in top Australian universities to pursue MBA.

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:

Core

1. Leadership
2. Managing People
3. Managerial Economics
4. Managerial Ethics and Business Environment 
5. Data Analysis
6. Finance
7. Financial Accounting
8. Marketing
9. Innovation Bootcamp
10. Business Strategy
11. Business in Complex Environments
12. Operations
13. Entrepreneurship

Elective

1. Brand Management
2. Business Law
3. Business Analytics
4. Consumer Behaviour
5. Corporate Finance
6. Corporate Strategy
7. Mergers and Acquisitions
8. Innovation
9. Marketing Research
10. Marketing Strategy
11. 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.

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. 

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. 

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.

*Source: Payscale