MBA in Australia for International Students


MBA in Australia is a 1-2 year full-time course available in multiple universities. Australian Business Schools are known for their excellent education standards. Business graduates from these institutions hold some critical positions in companies around the world. 

Applicants need to have a bachelor’s degree, and preferably 2-3 years of work experience. A GMAT is not mandatory for MBA in Australia. 

The fees for MBA is AUD 40,000-65,000 which is around 35,00,000-62,00,000 Nepalese Rupees. The median salary package after an Australian Master in Business is around AUD 98,000-15,00,000.

Students and young professionals looking for a master in business administration Australian universities can make use of 
scholarships for MBA in Australia to suit their budget. MBA admission in Australia happens on strict deadlines and applicants are required to go through an interview process by the business school admissions teams before the final call for admission. 

Along with these compelling reasons, Australia offers high-quality standard of living and easy post work visa procedures. This makes it easier for international students to make a swift move to Australia after completing their Master in Business Administration.

MBA in Australia Highlights:

Total Universities Offering MBA in Australia 30+
MBA Course Duration 2 years
MBA in Australia Year Division Semester wise
Admission Requirements Bachelor's, GMAT, IELTS/TOEFL/PTE, Work Experience
Average Tuition Fee AUD 54,000 annually
Internship / Placement Opportunities Offered by Australian Universities
Specializations Offered 05
MBA in Australia Offered Full-time / Part-time / Online
Types of MBA in Australia General MBA, MBA Executive and MBA with specialization
Average Salary AUD 98,500

Top MBA Universities in Australia & its Fees:

As per the QS World Ranking 2022, 13 Australian Business Schools are ranked among the top 250 universities

School

QS Global MBA Ranking

Full-time MBA Fees

Melbourne Business School

78.3

AUD 92308

AGSM Business School

72

AUD 89,109

Monash Business School

59.4

AUD 90,761

Macquarie Graduate School of Management

57.9

AUD 81,604.11

UWA Business School

52.4

AUD 61,555.75

UQ Business School

57

AUD 83,320.14

ANU College of Business & Economics

49.3

AUD 74,011

Deakin Business School

37

AUD 64,553

RMIT University School of Business

43.1

AUD 88,240

La Trobe Business School

41

AUD 61,480

UTS Business School

44.9

AUD 93,400

Unisa Business School

45.7

AUD 39,303

Sydney Business School

43.1

AUD 65,717

 Victoria University

36.5

AUD 72,931

Why MBA in Australia?

  • An MBA in Australia is a great opportunity for Nepalese students to learn the nuances of business from the top universities in Australia. Here are a few points on why an MBA in Australia is a worthy experience: 

    • 5 Australian Business Schools are ranked in the top universities for MBA in QS Global MBA ranking 2021. 
    • As per QS News, MBA jobs in Australia offer a high salary package of around AUS $98,000 approx, ranking 5th worldwide.
    • An MBA from an Australian university is accredited by top agencies like EQUIS, AACSB, and AMBA, making it a globally recognised degree. 
    • Australia holds an unparalleled reputation for MBA programmes, as GMAA (Graduate Management Association of Australia) has a 5-star system to improve overall business programme quality
    • Australian universities have more than 42 MBA programmes to choose from. 
    • The Australian job market opens 45,000+ job vacancies for MBA graduates in Australia annually.

What is the NOOSR List?

NOOSR is the Australian Education International-National Office of Overseas Skills Recognition (AEI NOOSR)

Although an MBA in Australia does not require a GMAT, the eligibility for an MBA in Australia requires a bachelor’s degree and 2-3 work experience as preference. Applicants coming from overseas with different streams of bachelor's scores need to convert their respective scores as per NOOSR list to make it equivalent to the Australian education system.
 
It is a fee-based service and can take up to 3 months to calculate your score.

Affordable Universities in Australia for MBA:

S.No Name of College/ University Course Fee in AUS$
1 University of Southern Queensland 47,040
2 IIBIT 57,600
3 Charles Darwin University 32,760
4 Edith Cowan University 32,100
6 James Cook University 33,680
7 Holmes Institute 29,400
8 Federation University 28,800
9 Kaplan Business School 47,880
10 Southern Cross University 30,400
11 University of Sunshine Coast 41,400
12 Central Queensland University 20,520

MBA in Australia Eligibility Requirements

  • Requirements to study MBA in Australia include a minimum of 60% on the applicant's undergraduate degree.(some schools prefer a degree of certificate in business-related fields)
  • minimum 2 years of work experience. 
  • Students having IELTS scores of approx 6.5 to 7.0 can easily get admission into the popular schools offering an MBA in Australia.
  • A good GMAT or GRE score. However, the average GMAT score for getting admission to an Australian university is 700+. 
  •  

MBA in Australia Deadlines

  • As part of the admission process in MBA programmes, it is important to ensure your application meets the deadline. Here are the deadlines for major universities for MBA in Australia:

Course

Deadline

MBA at Melbourne B-School

30 Nov, 30 Jan 31 Mar, 31 May

MBA at AGSM

1 Aug, 1 Sep, 1 Oct 1 Nov, 1 Dec, 1 Feb

MBA at Macquarie

8 Nov, 7 Mar 23 May, 22 Aug

MBA at UWA

5 Dec

MBA at UQ Business School

30 Nov

MBA at ANU

22 Dec

MBA at Deakin

20 Jan

How to get admission in Australia for an MBA?

  • Applicants need to meet certain eligibility criteria to get admission in Australia for an MBA. These eligibility criteria are as follows:
    • A bachelor's degree in any field with a minimum score of 65% 
    • An up-to-date resume
    • 2 reference letters from your employer or professor
    • A good GMAT or GRE score
    • minimum of 2-years of work experience in the managerial or business domain 
    • IELTS requirements for MBA in Australia are a minimum 6.5 IELTS score

Work experience requirements for MBA in Australia

  • Work experience is a mandatory requirement for an MBA in Australia. However, the minimum requirement of years of experience may vary for every university. These are the minimum years of work experience required for the most popular Australian universities.

School

Minimum Work Experience Required

Melbourne Business School

2 years

AGSM Business School

2 years

UWA Business School

2 years

UQ Business School

4 years

ANU College of Business & Economics

5 years

UTS Business School

4 years

RMIT University School of Business

3 years

MBA in Australia without GMAT:

GMAT is considered to be a mandatory requirement to get into a business school in universities abroad. However, a few Australian universities do not require a GMAT for admission. We have listed these universities here with additional information:

Top Universities in Australia for MBA Without GMAT:

Monash University:

Ranked #73 as per the QS News 2021, Monash University does not require a GMAT for entry into MBA. There are multiple business programmes available at the university that require a bachelor's degree and a minimum work experience in the relevant field. 

About the Course:

Intake Months

February

Delivery Locations

Melbourne

Qualification

Master Degree

Estimate annual course fee

AUD 80,000

Duration

2 years

Post-study visa

2 years

Deakin Business School:

It is a globally recognized business school known for training leaders to take admission without a GMAT. 

About the Course:

Intake Months

March, July, November 

Qualification

Masters

Duration

2 years

IELTS

6.5

TOFEL

79

PTE

58

La Trobe Business School (LBS):

Another well-known university in Australia, LBS does not require the GMAT as a mandatory requirement either. It may also consider admission with 8 years of relevant experience without any undergraduate degree. 

About the Course:

Intake

February, July

Qualification

Master’s degree

Estimated annual course fee

AUD 40,200

Duration

1.5 years

Post-study visa

2 years

Location

Bendigo

MBA in Australia without IELTS:

IELTS is an English proficiency test taken by students to prove their proficiency in the English language to the university. However, few universities and colleges are open to admission with IELTS. Students need to search about these colleges carefully and then apply online. 

If students have decided to go for TOEFL or PTE, these scores are also accepted by business schools in Australia. 

MBA in Australia without Work Experience:

Students wanting to study MBA in Australia have the option to apply without any work experience too. Few universities take up applications without mandatory work experience provided that the applicants submit a GMAT score ranging from 550-590.

Top Universities in Australia for MBA Without Work Experience

Students wanting to study MBA in Australia have the option to apply without any work experience too. Few universities take up applications without mandatory work experience provided that the applicants submit a GMAT score ranging from 550-590.

University

Intake Months

MBA Tuition

James Cook University

February, May, September

32,720 AUD/ year

University of Tasmania

January, June

34,950 AUD/ year

RMIT University

February, July

47,040 AUD/ year

Southern Cross University

February, June, October

32,400 AUD/ year

Mendoza College of Business (University of Notre Dam)

August

29,015 AUD/ year

University of Newcastle

January, August

32,980 AUD/ year

Charles Darwin University

February, August

32,760 AUD/ year

Victoria University

March, July, November

33,400 AUD/ year

Charles Sturt University

March, July, November

31,936 AUD/ year

How to get admission into an MBA without Work Experience in Australia?

Given that the MBA is one of the most sought-after programmes in Australia, admissions are often based on a comprehensive evaluation that takes into account both academic and extracurricular activities.

Students with excellent GPAs from authorised institutions who have bachelor's degrees are eligible for admission to MBA programmes in Australia without prior work experience.

GMAT or GRE scores that meet the institution's requirements. An average GMAT score between 550 and 590 is considered to be competitive for admission.

You must present your actual self in the statement of purpose since institutions carefully read them.

Cost of studying MBA in Australia:

The cost of studying MBA in Australia is divided into four categories: 

  • Pre-arrival Cost 
  • Tuition fees
  • Cost of living 

Pre-arrival cost:

This cost includes expenses like college admission application fees, test scores, visa application fees, IELTS registration fees, and GMAT fees to name a few.

Type of Expense

Cost

Application Fee

AUD 150(approx)

Australian Student Visa Fee

AUD 620

IELTS Registration Fee

AUD 360 (approx))

TOEFL (iBT) Registration Fee

AUD 370 (approx)

GMAT Fee

AUD 250

GRE Fee

AUD 304 (approx)

Tuition Fee for MBA in Australia:

This includes the total cost of the MBA programme you have enrolled in. This cost can range between AUD 40,000-65,000.

University/School/Provider

Estimated Total Course Fee 

The University of Melbourne 

Senior Executive MBA: AUD 126,000

EMBA: AUD 103,500 

UNSW Sydney

AGSM: AUD 104,400 

Monash Business School

EMBA: AUD 112,600 

Macquarie Business School  

MBA: AUD 80,000 

UQ Business School 

MBA: AUD 76,560 

UWA Business School 

MBA (Intensive): AUD 64,200 

ANU Business School

MBA: AUD 68,040 

UTS Business School 

EMBA: AUD 66,744

RMIT School of Business

EMBA: AUD 73,440

UniSA Business School

International MBA: AUD 71,800

La Trobe Business School

MBA: AUD 63,000

Victoria University

Global MBA: AUD 66,800

Cost of Living in Australia while pursuing an MBA:

The average cost of living in Australia is on the higher side when compared to other study destinations like the United Kingdom and Canada, yet Australia is the most popular study destination for international students.


Here is a brief overview of the cost of living in Australia:

Accommodation
Hostels and Guesthouses AUD 90 - 150 per week
Shared Rental AUD 95 - 215 per week
On campus  AUD110 - 280 per week
Homestay  AUD 235 - 325 per week
Rental AUD 185 - 440 per week
Boarding schools AUD 11,000 - 22,000 a year
Other living Expenses
Groceries and eating out  AUD 140 - 280 per week
Gas, electricity  AUD10 - 20 per week
Phone and Internet  AUD 15 - 30 per week
Public transport  AUD 30 - 60 per week
Car (after purchase) AUD 150 - 260 per week
Entertainment  AUD 80 - 150 per week

Exams to Study MBA in Australia

GMAT and English proficiency tests are two main exams to study for an MBA in Australia.

GMAT:

Graduate Management Admission Test (GMAT) is a computer-adaptive test to analyse candidates’ analytical writing, quantitative, verbal, and reading skills. GMAT is to be taken by applicants wanting to get admission into a graduate management programme, such as MBAs in top business schools across the world. 


GMAT fee is AUD 408

Score range- 300-800

Age limit- 18 and above

GMAT Exam Pattern

Analytical Reasoning

    30 mins - Analysis of an argument (Essay)

Integrated Reasoning 

  • 30 mins - 12 Questions

  • Table analysis

  • Two-part analysis

  • Multi-source reasoning 

  • Graphics interpretation 

Quantitative Reasoning

  • 62 mins - 31 Questions

  • Data sufficiency 

  • Problem solving 

Verbal Reasoning

  • 65 mins - 36 questions

  • Reading unseen passage

  • Sentence correction

  • Critical reasoning 

Scholarships for MBA in Australia:

Australia is a popular and expensive study destination for international students. However, the Government of Australia offers multiple scholarship programmes that work in favour of students with good academic performance. 

Here are a few scholarships run by the Australian government:

1. Australia Awards:

The Australia Awards aim to promote knowledge, improve education links, and enhance the enduring ties between Australia and its neighbouring countries through Australia's extensive scholarship programs. This program brings together scholarships offered by the Department of Foreign Affairs (DFAT), the Department of Education, and the Australian Centre for International Agricultural Research (ACIAR). 

2. Destination Australia:

This programme funds eligible tertiary education providers to offer scholarships to domestic and international students to study in regional Australia. Destination Australia scholarships are valued at up to AUD 15,000 per student, per year, and are available to students undertaking studies ranging from a Certificate IV through to a Ph.D. for up to four years in regional campus locations across Australia.

Colleges/Universities Scholarship Offered Amount
ANU ANU College of Business and Economics India Excellence Scholarship 20 students are given an amount of 6,949 USD
UTS Business School MBA Scholarship for Outstanding Students (Commencing and Current) 1,390 USD to 3,475 USD
UQ Business School MBA Student Scholarship 25% tuition fee waiver
UON Faculty of Business and Law International Excellence Scholarship (India); South Asia Business and Law Scholarships 8,867 USD  to 41,700 USD
Sydney Business School UOW Postgraduate Academic Excellence Scholarship 10% to 30% tuition fee
Melbourne Business School MBS Scholarships Varies
Monash Business School Monash MBA International Women in Leadership Scholarship 16,679 USD
Australian Graduate School of Management AGSM Global Reach Scholarship and AGSM Excellence Scholarship Varies
Melbourne Business School Kraft Heinz Scholarship 31,221 USD

Scope after MBA in Australia:

An MBA degree in Australia is recognized worldwide, hence, it becomes easy to find a well-paying job anywhere in the world. But, Australia offers surplus job vacancies in business development roles as well. 

Take a look at the table below to get an overview of the job titles and their estimated pay bracket in Australia after an MBA: 

Job Roles

Average Salary in USD (*for a global comparison)

Business Development Manager

111,000

General Manager

108,000

Assistant BD Manager

95,400

Manager

122,000

Accounting Manager

135,000

Financial Manager

135,000

Project Manager

89,000

Employee Relations Manager

80,000

Organisational Development Manager

93,000

Salary takeout after MBA in Australia:

Students can earn good money after finishing their MBA in Australia. The salary packages start from AUD $90,000 and can stretch up a lot higher depending on the university. 

Here is the list of top universities and their salary takeaways after graduation:

School

Full-time MBA Fees (AUD)

Salary of MBA Graduates (*USD for a global comparison)

Melbourne Business School

92,252

125,000

AGSM Business School

89,019

213,000

Monash Business School

90,682

135,00

Macquarie Graduate School of Management

81,543

147,000

UWA Business School

61,526

139,000

UQ Business School

83,280

203,000

ANU College of Business & Economics

73,998

99,000

Deakin Business School

64,539

133,000

Top Recruiting Companies after MBA in Australia:

JP Morgan

AUD 158,000

HSBC Global Asset Management

AUD 107,000

Woolworths

AUD 123,000 - 255,00

Barclays

AUD 132,000

Telstra Corporation Ltd

AUD 126,00 -155,00

Work Visa after MBA in Australia:

International students are granted a post-study work visa in Australia for 2 years. This visa extension gives them a chance to explore work opportunities in Australia.

Post-study work visa has two streams: 

  • The graduate work stream 
  • The post-study work stream 

Apart from being qualified, applicants must earn a job offer from the list of occupations listed under the visa application grant.

Quick Read: Benefits of becoming a PR in Australia

Frequently Asked Questions

Is it worth studying for an MBA in Australia?
Yes, Australia is ranked amongst the top 5 countries in the world to get an MBA. A business degree from Australia is recognized globally and offers high-paying jobs around the world.
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