MBA in Australia – Top Universities, Fee, Eligibility, Intake, Scholarships
Studying an MBA in Australia is a great decision, considering how it will lead to lucrative career prospects worldwide. The country offers an industry-oriented curriculum that enables students to get hands-on and practical experience while working on business projects in the real world. They can also build their soft skills that are highly valued and transferable, including project management, time management, leadership, teamwork, and strategic thinking. Australia also has a flourishing job market, with numerous opportunities for fresh graduates. It is one of the biggest advantages of choosing to study here.
At the same time, the country is also home to several top-ranked MBA colleges and universities that are known for their innovative learning and teaching methods, world-class faculty, and excellent academic and student infrastructure. As per the 2024 QS Global MBA rankings, MBAs in Australia also have some of the most diverse student cohorts globally, with five providers of education ranking in the top-20 list for the Diversity parameter. An MBA in Australia also comes with great employment outcomes for graduates as per surveys and the QS Employability indicator. With a welcoming and multicultural environment and competitive study and living costs, an MBA in Australia is the best way to start a fulfilling academic and professional journey.
MBA in Australia Highlights
| Total No of Colleges | 15+ |
| Cost | AUD 55,000-145,800 |
| Intake | February and July |
| Specialization | Entrepreneurship and Innovation, Business Analytics, Digital Marketing, Finance, Leadership, Health, International Business |
| Exams Required | GMAT/GRE and IELTS/TOEFL for English Language Proficiency |
Types of MBA in Australia
| Type | Details |
| Global Executive MBA | For corporates with a few years’ experience and involves on-campus study and engagement |
| Digital/Online MBA | For those looking to study at their own pace while pursuing careers. |
| Full-Time MBA | Taught on campus for 18 months (usually) at a university with business fundamentals and eventual specializations |
| Part-Time MBA | In-classroom teaching over a longer period (2-3 years) and is ideal for working professionals |
Top 10 MBA Colleges in Australia
Eligibility Criteria to Pursue MBA in Australia
- Work experience if required (up to three years or more)
- Minimum GPA as per institutional requirements in your undergraduate degree course
- English language proficiency
- Statement of motivation if required, with your academic accomplishments, leadership qualities, community and extracurricular pursuits, and recognition/awards
MBA in Australia Student Visa
- The student visa is granted for up to five years as per your enrolment
- You can work up to 48 hours in a fortnight while studying (during sessions)
- You should apply outside Australia or online and have enrolment in a course in the country
- Other requirements including holding the Overseas Student Health Cover (OSHC) while meeting age, English language proficiency, and character and health requirements
- You should have ample funds for your stay while proving that you are a genuine student
- You should not have any visa cancelled/application rejected
- You should also have signed the Australian values statement
How Much Does it Cost for MBA in Australia?
- The average cost is around AUD 67,810
- Fees at top institutions can go up to AUD 145,800
- Most institutions charge anywhere between AUD 55-90,000
Cost of Living in Australia
- Accommodation– AUD 90-440 per week
- Food & Groceries– AUD 140-280 per week
- Utilities- AUD 10-20 per week
- Public Transportation- AUD 30-60 per week
- Internet and Phone- AUD 15-30 per week
- Entertainment- AUD 80-150 per week
- Transportation- AUD 20 and upwards
- Medical Insurance– AUD 500 per year
Work Permit after Pursue MBA in Australia
- The Temporary Graduate Visa (subclass 485) is suitable if you have just graduated from an institution in Australia.
- The visa has a duration of 2-3 years, depending on the qualifications you have.
- You can temporarily study, live, and work in the country with this visa, while also bringing family members.
Eligibility Criteria for Work Permit
- You should be less than 35 years old when applying and in Australia
- Other conditions include holding an eligible visa and a student visa in the last six months at least
- You should have a recent degree at a CRICOS-registered program while offering health insurance proof and evidence of applying for an Australian Federal Police check
- English language proficiency proof is also essential, while you should also hold an eligible qualification either at the degree-level or higher
MBA Scholarships for Australia
| Scholarship | Details |
| The University of Sydney Business School Full-Time MBA Scholarship/MBA Director’s Scholarship | Given to partially tuition fees with amounts between AUD 10-40,000 for self-funded aspirants in the full-time MBA course |
| UNSW Sydney AGSM Full-Time MBA Scholarship (Global Reach) | For international students applying to the full-time MBA course with diverse backgrounds demonstrating leadership potential, academic merit, and career progression. There are tuition fee waivers available from 75% for at least two quarters |
| University of Melbourne-Melbourne Business School Dean’s International Management Scholarship | For international students enrolling in the Full-Time MBA course, covering full tuition fees |
| The University of Sydney- Sydney Scholars India Equity Scholarship | For international postgraduate students from India with an amount up to AUD 100,000 |
Career Prospects
- Doing an MBA in Australia opens several new pathways for graduates.
- The country has several opportunities available in C-Suite positions across domains like operations, marketing, technology, finance, product, sustainability, risk management, data management, consulting, etc.
- MBA graduates may find higher employment opportunities in the management consulting space along with fields like engineering, investment, etc.
- Some other job roles may include business analyst, operations manager, supply chain manager, human resources manager,
Salary after MBA in Australia
- Operations Manager– AUD 68-170,000 per year
- Chief Executive Officer- AUD 122-294,000 per year
- Operations/General Manager- AUD 78-236,000 per year
- Project Manager- AUD 75-182,000 per year
- Senior Business Analyst- AUD 90-147,000 per year
- Accountant- AUD 47-91,000 per year
- Marketing Manager- AUD 60-155,000 per year
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