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MBA IN AUSTRALIA - BEST COLLEGES, FEES, ELIGIBILITY, SCHOLARSHIPS & MORE

Study MBA In Australia

Australia is one of the most popular studies abroad destinations for international students aspiring for the best in higher education across the world. The many advantages offered by universities in Australia include, but are not limited to, their world-class faculty, post-graduation work opportunities, and high quality of student and post-student life. It is not surprising, therefore, that the country attracts a large number of aspiring foreign students from various parts of the world each year.


Australia is one of the top ten countries for MBA studies for students worldwide. Moreover, a degree from one of the best MBA colleges in Australia can help you to gain access to better career opportunities.

9 Best Universities in Australia for MBA

Australia is emerging as a major hub for business with its strong economy and unparalleled innovativeness amongst its corporate industries.

As such it stands to reason that it is also fast becoming an ideal location for international students to pursue their higher education in management and business studies. The following is a comprehensive list of the top 10 Best MBA colleges in Australia to apply for the latest intake. 

Melbourne Business School - Melbourne, Australia

Melbourne Business School at the University of Melbourne, has consistently maintained its position as the best place for students from all over the world to pursue an MBA, not just in Australia, but globally.

It is respected by both recruiters and academics alike. It was the pioneering institute to award an MBA to students in Australia. The school has the distinction of earning the highest ranking for academics among business schools in Australia

[Read More: Migrate Australia For Better Lifestyle]

UNSW (AGSM) - Sydney, Australia

  1. The Australian Graduate School of Management is affiliated with the University of New South Wales.
  2. The Business School provides prospective students with several innovative, and world-class programs that are designed to encourage leadership qualities in a fast-paced world
  3. The campus is located in the Eastern Suburbs of Sydney and students at the university will enjoy living in close proximity to some of the most scenic beaches
  4. The school has established key partnerships with many of the top universities in the world to offer exchange programs to its students

Monash Business School - Melbourne, Australia

  1. The MBA program at Monash Business School offers a practical and strategic approach to management studies with modules that focus on transformation innovation and globalization, 
  2. The MBA is a two-year program that is intended for young professionals having at least three years of business-related experience. 
  3. The MBA includes various experience-based modules as well as consulting projects, and other industry internship opportunities. 
  4. You can choose from either morning, evening, or afternoon modules to help you to study according to your schedule

[Read More: All you Need to Know about Study at Monash University]

Macquarie Business School - Sydney, Australia

  1. Macquaire Business School offers innovative and immersive business programs that are designed to produce leaders of the future who can lead change in the business world
  2. The business program combines theoretical knowledge with enriching practical experiences
  3. Students who graduate from this university are fully prepared to face complex stressors and take decisive action in a fast-moving business landscape
  4. The university has campuses both in Sydney and Hong Kong, and students can choose to study at any of the campuses
     

UQ Business School - Brisbane, Australia

The University of Queensland (UQ) is a leading teaching and research institute and the UQ Business School is one of the top universities in Australia
The business school is ranked among the top business schools in the world and has a strong focus and academics and teaching
The school has three different campuses across the country, where students can study
A large number of students from all across the world are part of the student body that runs into several thousand
The school has a strong alumni network with successful alumni placed in top positions across various industries

 University of Western Australia Business School - Perth, Australia

  1. The UWA Business School at Perth in Australia has inspired students since generations to take community-based and innovative business decisions as management leaders of the future
  2. The school offers a wide range of management degree programs at both the undergraduate and postgraduate levels

The business school offers courses in the following subjects

  • Accounting, 
  • Business administration, 
  • Business information management, 
  • Commerce, 
  • Economics, 
  • Employment relations, 
  • Finance, 
  • Human resources, 
  • Management and marketing. 
  1. The school has formed collaborative partnerships with other leading organizations to conduct research to provide innovative solutions to business problems jointly
  2. The business school is one among seven in Australia that has been internationally accredited through the European Quality Improvement System (EQUIS) as well as the Association to Advance Collegiate Schools of Business (AACSB) 
  3. The school has also received five-star ratings from Good Universities Guide to MBA in various categories including corporate links, academic qualifications, and graduate salaries.

Australian National University College of Business and Economics- Canberra, Australia

  1. The College of Business and Economics at ANU addresses issues of both national and international significance through its research programs
  2. The school attracts the best and brightest students as well as expert faculty from all over the world 
  3. The business school offers all students the unmatched opportunity to develop their management skills as well as the encouragement to make their mark on the world after graduating 
  4. Students at one of the best MBA schools in Australia will get the required skills and knowledge that will enable them to manage and lead organizations and develop public policy with confidence and competence 

University of Technology, Sydney 

  1. The University of Technology in Sydney is reputed for being one of the leading universities of technology in Australia
  2. UTS has a distinct learning model, with a strong emphasis on research and industry engagement, thus providing exceptional internship opportunities to Indian students in Australia
  3. The school has a diverse student body with a vibrant international student exchange program 
  4. The school offers several graduate as well as undergraduate programs in various fields to help students select the path they choose

RMIT University - Sydney, Australia

  1. The RMIT university in Sydney is globally recognized as an innovative university for study and research 
  2. The university has three campuses in Melbourne, as well as two in Vietnam, one in Spain, and a representative office in Indonesia
  3. The university connects students with experts in the industry, through their mentorship programs, allowing students to learn skills directly from industry leaders
  4. The university also offers a startup accelerator program for students who wish to venture into the world of entrepreneurship and provides them with opportunities to learn how to attract potential investors

Eligibility criteria for MBA in Australia

  1. You will need to fulfill the following conditions to fulfill the eligibility condition to pursue MBA at one of the top MBA colleges in Australia for the upcoming intake
  2. You will need to have at least an undergraduate degree in any field
  3. You should have scored at least 65 percent in your undergraduate program
  4. You will need to furnish your latest resume as well as letters of reference, from mentors, employers, or professors
  5. You will need a good GMAT or GRE score to be considered for admission. Some indicative GMAT scores are given below
  • Melbourne Business School 705
  • AGSM Business School 650
  • UWA Business School 650
  • UQ Business School 550
  • ANU College of B & E 600
  • UTS Business School 550
  • RMIT School of Business 550
  1. You will need to have a minimum of two years of work experience in a related field
  2. You will be required to submit your IELTS scores to provide proof of  Proficiency in the English language 

[Read More: How to Prepare for IELTS Test?]
 

Cost of MBA in Top MBA colleges in Australia

The tuition fee for MBA in Australia for Indian students varies with each institution, ranging from A graduate program in Executive MBA also varies between universities as well as within a given university.
On top of tuition fees, students should be well-prepared to incur the following living expenses when studying in Australia:
 

  1. Cost of Accommodation (per month)
  • On campus: USD440 - USD1,120 
  • Shared rental: USD380 - USD860 
  • Homestay: USD940 - USD1,408 
  • Hostels and Guesthouses: USD360 - USD600         
  1. Gas & Electricity: USD 40 - USD 80 
  2. Internet & Phone bills: USD60 - USD120
  3. Food & Groceries: USD560 - USD1,200
  4. Transportation USD120 - USD240

Executive MBA in Australia for Indian Students

  1. The Executive MBA is a degree program that caters to business executives who have many years of experience in management. 
  2. The program allows busy executives with full-time jobs to pursue a management course without having to leave their jobs
  3. The E-MBA offers the same privilege as well as opportunities as a regular MBA, and in some cases can be seen as more valuable as it is backed by experience
  4. Some of the universities in Australia, that offers an executive MBA program are
  • Melbourne Business School
  • UNSW Business School
  • Macquarie Graduate School of Management
  • Deakin Business School
  • La Trobe Business School
  • University of Technology, Sydney
  • The University of Sydney Business School
  • RMIT University
  • Monash University

Work Opportunities after MBA in Australia for Indian Students

  1. International students who study in Australia can get access to full-time work opportunities after graduation
  2. Australia is one of the best countries in terms of base salaries or entry-level salaries for MBA graduates
  3. MBA graduates in Australia can expect to get a total package of around USD116,200 which include, an average bonus of USD17,800 
  4. Once you complete your MBA program you can explore career opportunities in several different work roles including 
  • Finance Manager
  • Account Executive
  • Sales Manager
  • Marketing Manager
  • Industry Specialist Manager
  • Business Development Manager
  • Operations Manager
  • Business Consultant
  • Product Manager
  • General Manager

Top Courses at the best MBA Colleges in Australia

The following are the most popular courses for students pursuing MBA in Australia

  • Accounting and Finance
  • Information Technology
  • Hospitality Management
  • International Business
  • Human Resources Management
  • Innovation and Entrepreneurship
  • Sports Management
  • Banking

Scholarships for studying at the best MBA colleges in Australia

There are a vast number of scholarships available for international students who come to pursue their MBA at top colleges in Australia.The scholarships are intended to cover the tuition fees, either fully or only partially, or cover particular expenses in the course of study
Some of the major scholarships available for MBA students in Australia are

Destination Australia Program (DAP)

  1. The DAP provides more than a thousand scholarships every year
  2. These scholarships are open to both resident as well as international students
  3. The total financial aid you can expect to receive will be around USD15,000 per year if qualified

Australia Awards Scholarship

  1. This is a full-ride scholarship and covers all expenses including the tuition fees
  2. If selected you can expect that the scholarship will also cover, the cost of travel, accommodation, health cover as well as any living expenses

Provider Scholarships

  1. These scholarships are provided by individual universities for students who undertake degree programs at the university
  2. You can contact each university to know about their scholarship programs

What is the best MBA college in Australia?

Australia has many MBA colleges that are internationally renowned, you can reach out to us at Global Tree to know more about the best MBA programs for you. 
 

How much can you earn after your MBA in Australia?

The median salary for an MBA graduate in Australia is around USD98,40. Most graduates fall somewhat above or below the range based on their work experience and choice of MBA program. We advise you to reach out to our Australia education advisors at Global Tree to learn how to maximize your potential to earn after MBA in Australia 

Frequently Asked Questions

The common notion is that foreign universities are expensive, although with scholarships this is an exaggerated issue. What many fail to consider are time and effort. Studying in an Indian college leads to a lower average salary than earned by our western counterparts. This salary sets the tone for all future promotions since companies often look at your previous salaries during compensation appraisals. Additionally, most senior positions tend to be scooped up by individuals who have an international outlook through global exposure.  Finally, studying in a foreign country is an incredible learning experience helping students get a better academic as well as soft skill development.

Canada has been one of the market leaders in education for decades. However, what currently sets Maple Country apart is immigration. Canada is wholeheartedly inviting students to study in their universities to fill job vacancies that are always growing in the country. Students who study in Canada (especially a Master’s Degree) are practically assured of a Permanent Residency Visa.

A good score doesn’t automatically qualify a candidate for a scholarship, however, it is one of the primary factors that the admissions department looks for in a scholarship application. There are other attributes such as a candidate’s academics, extra-curricular, financial background, and application essays (SOPs).

We get this question a lot. Many candidates know which career path they want to take, but are at a loss for how to take that journey. Understanding the job role and the industry that you want to get into is the first step to picking the right university.

Carefully consider the immigration options of the country that the university that you are considering is in. This is more important when you intend to stay back in the country after the completion of your course.

Also, review the placement history of the university as well.

The first step is to list your preferences. By listing your preferences and strengths, describe your course of preference. Extensive research on the modules, software and its length for your preferred subject is necessary.

 




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