MBA in Australia for International Students
Table of Contents
- Top MBA Universities in Australia
- Eligibility requirements for MBA in Australia
- MBA in Australia without GMAT
- MBA in Australia without IELTS
- MBA in Australia without work experience
- Cost of studying MBA in Australia
- Scholarships for MBA in Australia
- Scope after MBA in Australia
- Work Visa after MBA in Australia
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
-
A 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) |
|
AUD 620 |
|
|
AUD 360 (approx)) |
|
|
AUD 370 (approx) |
|
|
GMAT Fee |
AUD 250 |
|
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 |
|
|
Quantitative Reasoning |
|
|
Verbal 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.
Can I get PR after MBA in Australia?
Is MBA in-demand in Australia?
Which master’s programme is the most valued in Australia?
Which MBA programme has the highest demand in Australia?
How long can I stay in Australia after MBA?
