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.
Course Highlights
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:
Institution | Specialization |
Western Sydney University |
|
Australian National University |
|
University of Newcastle | International Business |
Deakin University |
|
Tuition Fee in Top Universities for MBA in Australia
Here is a guide to the average tuition fee for MBA in Australia:
Institution | Tuition Fee |
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:
Core
- Leadership
- Managing People
- Managerial Economics
- Managerial Ethics and Business Environment
- Data Analysis
- Finance
- Financial Accounting
- Marketing
- Innovation Bootcamp
- Business Strategy
- Business in Complex Environments
- Operations
- Entrepreneurship
Elective
- Brand Management
- Business Law
- Business Analytics
- Consumer Behaviour
- Corporate Finance
- Corporate Strategy
- Mergers and Acquisitions
- Innovation
- 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 |
Food | AUD 280 |
Personal (gym, haircut, mobile plans) | AUD 64 |
Entertainment (outings, sports) | AUD 224 |
Total | AUD 1,636 |
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.
Scholarship | University | Eligibility | Amount |
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 |
*Source: Payscale
- Level of study
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Master of Business Administration
Australian National University, Australia
Building upon management experience and prior learning, the Master of Business Administration (MBA) program provides middle managers with essential business and management knowledge and skills to move into senior management roles.
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IELTS-6.5INTAKE SESSION
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Master of Business Administration/Master of Marketing
The University of Melbourne, Australia
The dual program MBA/Master of Marketing program has two objectives. The first is to assist students to develop their capacity to become effective senior level general managers in a wide range of private, public and government organisations. The second objective is to equip students with an understanding of the issues involved in the analysis, planning, implementation, and control of marketing programs.
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Master of Business Administration (Leadership and Enterprise)
The University of Sydney, Australia
The Master of Business Administration (Leadership and Enterprise) offered by University of Sydney is an advanced Masters course designed for students aspiring to become professionals in Business Administration. Students will gain hands-on experience through practical exercises and real-world projects, allowing them to apply the concepts learned in class. The curriculum is carefully designed to ensure that students develop a strong foundation in Business Administration and acquire the skills needed to solve complex problems in the industry. Upon completion of this course, students will be well-prepared to tackle the challenges of Business Administration and pursue rewarding career opportunities such as Business Analyst, Operations Manager, Marketing Manager,Human Resources Manager, Financial Analyst.
DURATION
1 Year 6 MonthsFEES
INR 32.60L/yrEXAMS
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AGSM Master of Business Administration
The University of New South Wales, Australia
The AGSM Master of Business Administration (MBA) is a full-time accelerated degree designed to prepare students for general management and executive leadership roles in business, government, or not-for-profit organisations. You'll be immersed in active learning experiences and exposed to the practical tools and skills needed to thrive in your professional endeavours. The AGSM MBA combines traditional classroom teaching with case studies and teamwork to develop the next generation of leaders.
DURATION
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Master of Business Administration
The University of Queensland Australia, Australia
Make an impact on your company and community, and create change on a global scale, with an MBA that will equip you with the skills, knowledge and mindset to succeed. Based in the heart of Brisbane's CBD, UQ's Master of Business Administration (MBA) program has a reputation for excellence, and has been ranked number one in the world for the fifth year in a row for its quality of students by The Economist MBA global ranking. During this one year full-time (or part-time equivalent) of 24-course units, you'll join a diversity of brilliant minds and challenge your thinking, broaden your horizons and learn how to question everything except your potential for success. Whether your goal is to accelerate your career, switch industries or start your own business, what you learn in this engaging program will give you a better understanding of yourself. You'll have the opportunity to apply your knowledge and leadership skills while working with an unmatched set of industry partners to solve complex business problems. As a graduate, you'll take on the world knowing that leadership is more than ambition and passion, and that curiosity and relentless drive is what ignites disruptive thinking. Program highlights Push the boundaries of your comfort zone and thrive under pressure in exciting new territories. Benefit from flexible study options, international opportunities and extensive career support. Integrate your learning in a project-based capstone course with a strong experiential component. Discover what it takes to be a great business leader through rewarding hands-on learning experiences.
DURATION
1 YearFEES
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Master of Business Administration
Monash University, Australia
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Master of Business Administration Flexible
The University of Western Australia (UWA), Australia
If you are seeking career progression, then an MBA from UWA will provide you with the technical expertise, interpersonal skills, agility and confidence required to transform your future. As Western Australia's leading MBA program, and one of the highest-ranked MBA programs in Australia, you will be challenged to expand your business knowledge, sharpen your critical thinking and decision-making skills and boost your leadership potential. UWA attracts brilliant people, so there is no better place to learn, explore, network and pursue your goals in a highly collaborative and innovative environment.
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Master of Business Administration (Emerging Leaders)
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Master of Engineering Management / Master of Business Administration
University of Technology Sydney (UTS), Australia
This course has been developed by the Faculty of Engineering and Information Technology and the UTS Business School to provide professional engineers with the advantages of a generalist Master of Business Administration alongside a focused program in engineering management. The course follows an integrated approach to professional practice through engineering management/professional engineering subjects, business administration subjects, and an independent project in engineering management. The program allows students to complete the Master of Engineering Management and Master of Business Administration in two years of full-time study.
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Master of Business Administration - MBA
University of Wollongong, Australia, Australia
The Master of Business Administration (MBA) is designed for experienced professionals with ambition and drive who wish to develop their responsible and sustainable leadership skills. You will gain a holistic strategic business point-of-view required to operate effectively in an increasingly competitive and changing global business world. The course has been designed to cover three stages: Diagnostics, where you learn to diagnose issues in real organisations with a focus on marketing, employee engagement, talent management and accounting. Exploration, where you explore the latest thinking and practices in organisations and research worldwide, while developing skills in innovation and business transformation. Integration and Application, where you develop your strategic decision-making skills, undertake a real-world business project and hone your personal effectiveness as a responsible leader. Your learning approach will include relevant and current case studies as well as guest lectures delivered by industry professionals, with an emphasis on teamwork and peer learning. If you are interested in studying Business but do not have the specified work experience for the MBA, you can consider studying the Master of Business.
DURATION
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INR 38.54L/yrEXAMS
IELTS-6.5INTAKE SESSION
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Master of Business Administration
RMIT University, Australia
Our MBA is designed to challenge you, to build real-world business skills, and to teach you creative problem-solving techniques. You will experience a variety of teaching and learning approaches, including lectures, tutorials, working collaboratively and independently. Lectures deliver comprehensive reviews of the world's best practice, while tutorials offer facilitated discussion. Fact-based case studies are important elements of study, and bring authenticity to your learning experience. Assessment is ongoing throughout the semester and includes examinations, essays, reports, presentations, group projects, research projects and practical assignments. While group assignments are an important component of every course, the focus of the assessment is weighted towards individual performance.
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Master of Business Administration (MBA) (Global)
The University of Newcastle, Australia, Australia
The MBA (Global) is designed for individuals who are recent graduates in any discipline, who have limited work experience, and who are looking to develop their business leadership and management skills. The MBA (Global) will provide students with an in-depth understanding of business globalisation and its complex effect on stakeholders, societies and economies and develop their global mindset, with the interpersonal skills that allow them to operate across countries, cultures and contexts. All 16 courses in the MBA (Global) have been developed exclusively for the program. In addition to the 11 core (compulsory) courses, you will also have the opportunity to study elective courses in cutting edge areas of interest, including innovation and entrepreneurship, behavioural economics, change management, and business and climate change.
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Master of Science (Minerals and Energy Economics), Master of Business Administration
Curtin University, Australia
This double degree is becoming a popular choice for students with experience in the resources industry who want to consolidate their business and management skills. It combines the Master of Science with the internationally accredited business acumen of Curtin's highly regarded MBA.
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Master of Business Administration
Macquarie University, Australia
The Master of Business Administration - ranked number one in Australia and in the top 50 worldwide - will prepare you to be such a manager. Designed to challenge and transform you, this degree will extend your knowledge, skills and experience through a practical curriculum that bridges the gap between theory and real-world application. Opportunities exist to participate in global study tours, exchanges with leading international schools, and living case studies with Australian and international organisations.
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Master of Business Administration (MBA)
Queensland University of Technology, Australia
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Master of Business Administration (International)
University of Tasmania (UTAS), Australia
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Master of Business Administration (Executive)
Swinburne University of Technology, Australia
This Master of Business Administration (Executive) invites leaders in business to further hone their skills in change, strategic thinking, innovation, entrepreneurship, finance, ethical practice and social responsibility. Throughout the course, you'll tackle real-life business scenarios, designed to prepare you for the next step in your career - whether that be a move between management roles, or the leap up into executive leadership. With a strong focus on innovation and preparation for change, this course gives graduates the skills to confidently navigate the fast-paced world of business.
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Master of Business Administration
Griffith University, Australia
In both programs you will study courses in sustainability, accounting and reporting, finance, people management, strategy and innovation and managing change through responsible leadership.
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Master of Business Administration
La Trobe University, Australia
The Master of Business Administration offered by La Trobe University is an advanced Masters course designed for students aspiring to become professionals in Business Administration. Students will gain hands-on experience through practical exercises and real-world projects, allowing them to apply the concepts learned in class. The curriculum is carefully designed to ensure that students develop a strong foundation in Business Administration and acquire the skills needed to solve complex problems in the industry. Upon completion of this course, students will be well-prepared to tackle the challenges of Business Administration and pursue rewarding career opportunities such as Business Analyst, Operations Manager, Marketing Manager,Human Resources Manager, Financial Analyst.
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International Master of Business Administration (Advertising and Brand Management)
University of South Australia, Australia
Are you an early-career professional looking to progress your career in an international business context? This degree will develop your knowledge of the global business environment and enable you to maximise your career development opportunities and employment prospects. You will benefit from a range of experience-based learning opportunities, including overseas study and business mentoring by a senior business leader through the Executive Partners Program. You will learn about business strategy, international trade, global marketing and international human resource management with a focus on the design and planning of effective media, and brand management strategy. You will graduate with the knowledge and skills to address complex digital media issues, design successful marketing and branding strategies, and the expertise to accelerate your career as a business professional in an international context. The 2-year program comprises 16 courses including 4 electives and an industry placement/project. You will start with seven core courses common to all specialisations in the International MBA. Through these, you will develop advanced skills and expertise in areas of international management including: the global business environment people leadership and performance economic principles for business fundamentals of data analytics You will then move into your specialisation studying areas such as e-Marketing, advertising, brand management etc.
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