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MBA in

Australia

MBA in Australia - Top Universities, Eligibility, Fees, Scholarships

Australia is one of the world’s most promising and preferred student hubs for postgraduate degrees like MBAs. Known for its dynamic and multicultural environment, Australia is already home to a high population of international students and reputed global institutions like the University of Sydney, University of Melbourne, and the University of New South Wales. The country offers excellent curricula and top-notch infrastructure along with globally-recognized credentials and degrees. Australian institutions are ranked in the top 50 globally in several study areas, including Management, as per the QS World University Rankings by Subject 2024. 

An MBA from an Australian university opens up several opportunities for aspirants in terms of building fruitful and lucrative global careers ahead. Several institutions also have close ties with industry leaders and corporates across multiple sectors, thereby giving students amazing opportunities to apply their knowledge to actual work environments. This will equip them with the skill-sets that they require to succeed in competitive professional environments. Australia is also a welcoming country with vibrant nightlife, multiple historical and cultural attractions, bountiful natural wonders, and plenty of opportunities to participate in sports and outdoor activities. From international student advisers and multiple student societies/clubs to quality housing, life on campus promises to be exciting for learners. 

Why Study an MBA in Australia?

  • Global Recognition: Australian MBA degrees are recognized and respected worldwide.
  • High Quality of Education: Australian universities are known for their high academic standards.
  • Diverse Specializations: Options in finance, marketing, entrepreneurship, and more.
  • Networking Opportunities: Interaction with diverse international and local professionals.
  • Post-Study Work Visa: Opportunity to work in Australia post-graduation.
  • Strong Job Market: Demand for skilled MBA graduates in various industries.

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Eligibility to Study MBA in Australia

  • Educational Background: A bachelor’s degree or equivalent in any discipline.
  • Work Experience: Typically 2-3 years of relevant professional experience.
  • English Language Proficiency: IELTS/TOEFL/PTE scores are often required (IELTS 6.5-7.0 or equivalent).
  • GMAT/GRE Scores: Some universities may require GMAT/GRE, but this varies by program.
  • Statement of Purpose: Outlining career goals and reasons for choosing the program.

Documents Required to Study MBA in Australia

  • Academic Transcripts: From previous institutions.
  • Statement of Purpose (SOP): Highlighting career objectives and motivation.
  • Letters of Recommendation (LORs): Usually from employers or academic mentors.
  • English Language Proficiency Test Scores: IELTS, TOEFL, or PTE.
  • Resume/CV: Detailing work experience, achievements, and skills.
  • Passport and Visa Documentation: Required for international travel and visa processing.

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Intake to Study MBA in Australia

Intake Period Application Deadline
Semester 1 (February) August – December
Semester 2 (July) January – May

Fees to Study MBA in Australia

Expense Estimated Cost (per year)
Tuition Fees AUD 40,000 – AUD 80,000
Cost of Living AUD 20,000 – AUD 25,000
Student Visa Fee AUD 620

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Scholarships to Study MBA in Australia

Scholarship NameCoverage
Australia Awards ScholarshipFull tuition, living expenses
Global Leaders ScholarshipPartial tuition coverage
University-specific ScholarshipsVaries by institution
Endeavour Postgraduate ScholarshipTuition and living allowances

Student Visa to Study MBA in Australia

  • Subclass 500 (Student Visa): Required for international students.
  • Proof of Funds: Sufficient funds to cover tuition and living expenses.
  • Health Insurance: Overseas Student Health Cover (OSHC) for healthcare services.
  • Confirmation of Enrolment (CoE): Issued by the university after admission.
  • Genuine Temporary Entrant (GTE) Requirement: Statement proving intent to study.

Top 10 Universities to Study MBA in Australia

Name of UniversityQS Ranking Estimated Fees 
University of Melbourne (Melbourne Business School)Top 40AUD 89,500
University of Sydney Business SchoolTop 50AUD 76,000
UNSW Sydney (AGSM)Top 50AUD 85,000
University of Queensland Business SchoolTop 100AUD 75,000
Monash UniversityTop 100AUD 63,800
Australian National University (ANU)Top 100AUD 45,000
University of Western AustraliaTop 150AUD 66,000
Macquarie Graduate School of Management (MGSM)Top 200AUD 80,000
RMIT UniversityTop 250AUD 55,000
Deakin UniversityTop 300AUD 53,000

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Popular MBA Specializations in Australia

SpecializationDescription
FinanceFocus on investment, banking, and financial management.
MarketingEmphasis on consumer behavior, branding, and digital marketing.
EntrepreneurshipSkills to start and manage new business ventures.
Healthcare ManagementManagement skills specific to healthcare industries.
International BusinessPrepares students for roles in global business management.
Data AnalyticsAnalysis of data to support business decisions.

Jobs After MBA in Australia

  • Management Consultant: Provides strategic advice to organizations on business operations.
  • Financial Analyst: Evaluates financial data to guide investment and business decisions.
  • Project Manager: Manages projects in various sectors, ensuring on-time and on-budget delivery.
  • Marketing Manager: Leads marketing campaigns and strategies for brand growth.
  • Business Development Manager: Identifies business growth opportunities and establishes partnerships.
  • Operations Manager: Oversees organizational operations to improve efficiency and productivity.

Conclusion

An MBA in Australia can be a transformative experience, offering students exposure to diverse industries, advanced learning, and extensive networking opportunities. Australian business schools provide rigorous programs that blend theory with practical application, helping students become competent leaders in their chosen fields. The availability of scholarships, a supportive visa system, and a vibrant job market make Australia a compelling option for international MBA students. Investing in an Australian MBA not only enhances career prospects but also provides a gateway to experiencing the unique cultural and professional landscape of Australia.

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Frequently Asked Questions

Tuition fees range from AUD 40,000 to AUD 80,000 per year, depending on the university.

Yes, international students can apply for a post-study work visa (Subclass 485) to work in Australia for up to two years after graduation.

Yes, a range of scholarships is available from government bodies, universities, and private organizations.

Not always. Some universities may require GMAT scores, but many also offer waivers based on work experience or academic qualifications.

Typically, MBA programs in Australia last between 1 and 2 years, depending on the format and specialization.

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