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Considered a terminal degree in most business disciplines, a Master of Business Administration (MBA) can help ambitious professionals to qualify for high-paying leadership roles. MBA degree-seekers take core courses in a number of business-related disciplines, including economics, accounting, finance and marketing.
Ranking of MBA Programs in Australia
Best MBA in Australia
Top business schools in Australia – Ranking, costs, salaries
Australia is slowly crawling into the fposition of a desirable study abroad destination. The number, of international students, has seen a steady rise from a 100,000, in 1994, to over 700,000, in 2016 (including higher education, vocational studies, school education and non-award degrees), according to the Department of Education and Training report compiled by the Aussie government.
While its international presence is getting prominent with each passing year, its impact on the global MBA education market still needs some boost to become viral. And there are very clear advantages of recognizing the potential of an Australian MBA (Read Best MBA abroad countries).
- You don’t have to purchase a Rosetta Stone for learning their language. Just a few viewings of Hugh Jackman’s interviews will suffice to catch a drift of their accent.
- Australia is pretty friendly about arranging for scholarships for deserving international students. Some of these are provided by the government – Australia Awards, International Postgraduate Research Scholarship, and Australia APEC Women in Research Fellowship. Even MBA candidates can apply for scholarships awarded by individual universities.
- Some of its top business schools have been consistently showing up in the top 100 Financial Times’ Global MBA Rankings. Other ranking bodies like the QS World Ranking in Business Management have also seen a climbing status for the top Australian B-Schools (see table below).
- It has been featured as the third highest payer after an MBA degree, with average salaries + bonus amounting to close to $152,000, says QS TopMBA’s Jobs & Salary Trends Report (table below).
Best Full Time MBA programs in Australia
World Ranking of Australian Business Schools
| B-School | QS World Ranking | Financial Times |
|---|---|---|
| University of Melbourne | #22 | #66 |
| AGSM at Univ of New South Wales | #23 | #63 |
| Monash University | #31 | NA |
| The University of Sydney | #40 | NA |
| Macquarie Graduate School of Management | NA | NA |
Average Salary of MBA Graduates from top Australian B-Schools
| B-School | Post MBA Average Salary |
|---|---|
| Macquarie Graduate School of Management | $131,488 |
| AGSM at UNSW Business School | $121,794 |
| Melbourne Business School | $100,319 |
| University of Adelaide Business School | $130,000 |
| La Trobe Business School | $108,300 |
| Monash University | $85,000 |
With all the goodness spilling over, it is still struggling to rise above the glitter of the other well known global top MBA brands. One reason could be that while the cost of an Australian MBA is somewhat lower than the more prominent American MBAs, its living expenses are quite high, reaching north of $500/week (Read Studying in Australia – costs, pros and cons).
According to an HSBC report, it is 1.5x more expensive to live in Australia as compared to the US (Read Cost of an MS in the US).
Of course it doesn’t help that anything that moves, crawls, flies or swims, in the land down under, can kill you. But an Australian Student Visa allows you to work part time and sustain yourself, in the face of steep expenses, and perhaps even buy enough safeguards to survive the wildlife and not become Friday night dinner for a Wolf Spider.
So, with all the benefits overpowering the few faults, we thought it would be best to introduce you to the list of top MBA schools, in Australia. The list is based on the QS University Rankings for Business Management (Methodology). We have included the duration and the tuition (subject to change by the individual universities) in USD.
Top Business Schools in Australia
An MBA, from an Australian university, can be a rich intercultural experience along with an opportunity to train in a competitive world class environment. The information in this article should help to guide you through your global MBA destination search.
We advise you to investigate the official websites for the latest, and more accurate, numbers. For the more detailed inside information, you should reach out to past graduates and alumni.
Good Luck Mate
MBA in Australia
MBA in Australia is a 1-2.5 years program offered across 50+ universities as 75+ internationally recognized programs. According to Australian High Commission in New Delhi, around 20,000 Indian students are pursuing MBA in Australia. International students need a minimum GPA between 50-70% and a GMAT score of over 550 for admission to the program. The universities and business schools in Australia expect a minimum work experience of 2-3 years in relevant fields from the international applicants.
The average cost of studying in the top MBA colleges in Australia is around 88,770 AUD or approximately 47 lakhs INR. To cope up with the financial burden, students can get up to full-ride scholarships to study in Australia from the universities and external donors. After graduation, MBA students of Australian universities earn an average salary of 187,062 AUD (99.43 lakhs INR) per annum. Graduates often get employed to leading companies like Allianz, JP Morgan, Telstra, Barclays, Westpac Banking Corp, Woolworths, HSBC Global Asset Management among others
MBA in Australia Course Highlights
| Number of Colleges | 50+ |
| MBA Types | Full time MBA Part time MBA Executive MBA Global MBA and Online MBA |
| Duration | 1-2.5 years |
| MBA Specializations | Marketing, Finance, Accounting, Economics, Investment/ Insurance, International Business, Supply Chain Management, Technology Management, Healthcare Management, Entrepreneurship, Transportation Management, among others |
| Admission Requirements | GPA: 50-70% | GMAT Score: 550+ | Work Experience: 2-3 years in relevant industry |
| Average Tuition Fee | 27,600 up to 100,000 AUD (14.65 to 53.08 lakhs INR) |
| Average Graduate Salary | 187,062 AUD (99.43 lakhs INR) |
| Graduate Salary Range | 85,000 to 305,000 AUD (45.17 lakhs to 1.62 crore INR) |
| Top Employers | Allianz, Woolworths, JP Morgan, Telstra, Barclays, HSBC Global Asset Management, Westpac Banking Corp |
Top Colleges for MBA in Australia
Australia is home to 50+ universities offering MBA to international students. Some of the best universities in Australia for MBA are listed below:
| University | Course Name | Application Deadlines |
|---|---|---|
| The Australian National University | MBA | Enrolment for 2023 paused |
| The University of Melbourne | MBA | Round 1: November 30, 2022 Round 2: January 30, 2023 Round 3: March 31, 2023 Round 4: May 31, 2023 |
| The University of Sydney | MBA | Round 1: September 30, 2022 (Closed) Round 2: November 30, 2022 Round 3: January 31, 2023 Round 4: March 31, 2023 Round 5: April 30, 2023 Final Round: June 25, 2023 |
| The University of New South Wales Sydney | MBA | Round 1: August 1, 2022 (Closed) Round 2: September 1, 2022 (Closed) Round 3: October 1, 2022 (Closed) Round 4: November 1, 2022 (Closed) Round 5: December 1, 2022 Round 6: February 1: 2023 |
| The University of Queensland | MBA | October 31, 2022 (Closed) |
| Monash University | MBA | Round 1: April 30, 2022 (Closed) Round 2: June 30, 2022 (Closed) Round 3: August 20, 2022 (Closed) |
| The University of Western Australia Business School | MBA | Trimester 1: January 2, 2023 |
| The University of Adelaide | MBA | Trimester 1: December 5, 2022 Trimester 2: March 27, 2023 Trimester 3: July 10, 2023 |
Why Study MBA in Australia?
An MBA degree from Australia is valued across the globe. With around 75 internationally recognized MBA programs, Australia promises a glorious career after pursuing an MBA degree. Some of the key factors attracting international students to study MBA in Australia are as follows:
- Accreditation: Currently, several universities in Australia are accredited by AACSB and EQUIS. This also includes some of the globally ranked universities according to QS, THE and other esteemed ranking agencies.
- Internship Opportunities: A majority of the universities offering MBA in Australia allow students to earn professional experience in local or international companies through internships. Internships in Australia are available throughout the year and across the country.
Read More: Part Time Jobs in Australia - Affordability: The MBA courses in Australia are comparatively inexpensive (10-27 lakhs INR per annum) compared to the degrees from UK or US universities. The reasonable cost and scholarship opportunities make the program attractive.
- MBA Market: The Australian MBA market is worth over 500 million AUD. This ensures a surplus of job opportunities across top international employers.
- Multicultural Environment: India is the second highest contributor of international students (9.78%) in Australia after China. The vibrant culture in the Australian universities is an additional advantage for international students.
MBA in Australia: Application Deadlines
Most of the top universities in Australia encourage students to apply for the MBA program in the Spring (February to June) and Summer (July to November) term. Indian students should start preparing 1 year before the deadline for admission to their desired university. Some of the top universities and their application deadlines are as follows:
| University | Program | MBA Application Dates and Deadline |
|---|---|---|
| The University of Melbourne | MBA | Round 1: November 30, 2022 | Round 2: January 30, 2023 | Round 3: March 31, 2023 | Round 4: May 31, 2023 |
| The University of Queensland | MBA | October 31, 2022 |
| Monash University | MBA | Round 1: April 30, 2022 (Now closed) | Round 2: June 30, 2022 (Now closed) | Round 3: August 20, 2022 (Now closed) |
| The Australian National University | MBA | Round 1: June 30, 2022 (Now Closed) | Round 2: October 30, 2022 |
| The University of Sydney | MBA | Round 1: September 30, 2022 | Round 2: November 30, 2022 | Round 3: January 31, 2023 | Round 4: March 31, 2023 | Round 5: April 30, 2023 | Round 6: June 25, 2023 |
| The University of New South Wales Sydney | MBA | Round 1: August 1, 2022 | Round 2: September 1, 2022 | Round 3: October 1, 2022 | Round 4: November 1, 2022 | Round 5: December 1, 2022 | Round 6: February 1, 2023 |
| The University of Western Australia Business School | MBA | December 4, 2022 |
| The University of Adelaide | MBA | Trimester 1: December 5, 2022 | Trimester 2: March 27, 2023 | Trimester 3: July 10, 2023 |
| University of Technology Sydney | MBA | November 3, 2022 |
| RMIT University | MBA | Semester 1: Applications Open | Semester 2: Opens on May 1, 2023 |
| University of Newcastle | MBA | Semester 1: February 5, 2023 | Semester 2: July 2, 2023 | Winter: May 28, 2023 |
| Macquarie Graduate School of Management | MBA | Term 1: December 5, 2022 | Term 2: March 13, 2023 | Term 3: May 29, 2023 | Term 4: August 21, 2023 |
| Victoria University | MBA | September 2023 intake: April 30, 2023 |
| La Trobe University | MBA | Term 1: January 8, 2023 | Term 2: February 19, 2023 | Term 3: April 16, 2023 |
MBA in Australia Admission Requirements
The general admission requirements for MBA in Australia are tabulated below:
| Degrees/ Transcripts | 16 years of education, official academic transcripts of undergraduate program |
| GPA | 4.5 on a scale of 7.0 (50-60%) |
| GMAT Score | 550 |
| LOR | 2 LORs |
| SOP/ Essay | 300-500 words SOP |
| English Proficiency Test Score | IELTS Score of 6.5 or equivalent |
| Professional Experience | Minimum 2-3 years of relevant post-degree work experience |
| CV/ Resume | Updated CV |
The MBA admission requirements of the top universities in Australia is provided in the following table:
| University | GPA | GMAT Score | References | Work Experience |
|---|---|---|---|---|
| The Australian National University | 5.0 on a 7.0 scale (60-69%) | 600 | – | 5 years, with 3 years of documented management experience |
| The University of Melbourne | No bar | 695 or higher | Name and contact details (confidential) of 2 professional referees | 2 years of professional experience |
| The University of Sydney | 65% | 500 (600 recommended) | – | 3 years of relevant work experience |
| The University of New South Wales Sydney | An undergraduate degree (no minimum GPA) | 650+ | Successful work history | 2 years of work experience |
| The University of Queensland | 4.5 on a 7.0 scale (60-65%) | 550 | – | 4 years of full-time post graduation work experience, 2 years in a dedicated management role |
| Monash University | Australian Bachelor’s degree or equivalent | Not required | Contact details from 2 professional referees | 3 years of work experience with 1 year of managerial experience |
| The University of Western Australia Business School | 50% | 650 | 2 referee reports | 3 years of relevant documented professional experience |
| The University of Adelaide | Bachelor’s degree (no minimum GPA) | 650 | – | 2 years of relevant work experience |
MBA in Australia Fees
The cost of studying MBA in Australia widely varies from 27,600 to 100,000 AUD (14.65 to 53.08 lakhs INR). The cost of studying MBA in Australia across some of the top universities is provided below:
| University | Tuition Fees (AUD) | Tuition Fees for Indian Students (INR) |
|---|---|---|
| The Australian National University | 40,992 | 21.71 lakhs |
| The University of Sydney | 54,000 | 28.59 lakhs |
| Deakin University | 61,416 | 32.52 lakhs |
| The University of Western Australia | 64,200 | 34 lakhs |
| The University of Queensland | 84,648 | 44.82 lakhs |
| The University of Melbourne | 99,630 | 52.75 lakhs |
| Monash University | 100,000 | 52.94 lakhs |
Know More: MBA in Australia Admissions
The cost of MBA in Australia across the top universities is represented graphically below:
Cost of Living in Australia
The cost of living in Australia ranges from 18,000 to 46,080 AUD (9 to 25 lakhs INR) based on accommodation type, location and personal lifestyle. A breakdown of the cost of living in Australia is provided in the following table:
| Expense Type | Average Annual Expense (AUD) | Cost Equivalent (INR) |
|---|---|---|
| On Campus Accommodation | 5,280 to 13,440 | 4.3 to 11 lakhs |
| Off Campus Accommodation | 8,880 to 21,120 | 7.3 to 17.3 lakhs |
| Phone and Internet | 720 to 1,440 | 38,000 to 76,000 |
| Groceries | 6,720 to 13,440 | 3.5 to 11 lakhs |
| Public Transport | 1,440 to 2,880 | 76,000 to 1.5 lakhs |
| Miscellaneous | 3,840 to 7,200 | 2 to 3.8 lakhs |
| Total | 18,000 to 46,080 | 9.56 to 24.47 lakhs (approx.) |
MBA in Australia Scholarships
International students pursuing MBA in Australia can fund their expenses with numerous scholarships for international students in Australia. Check Out: Popular Scholarships to Study in AustraliaSome of the most popular MBA scholarships in Australia are listed in the table below:
| University/ School / College | Scholarship | Eligibility | Award Value |
|---|---|---|---|
| Monash Business School | Monash MBA International Women in Leadership Scholarship | Full time international student, Weighted Average Mark (WAM) of 70 per semester to retain | 100% course fees; invitation for Monash Minds, a leadership program, participation in various marketing, recruitment and promotional events |
| Melbourne Business School | Kraft Heinz Scholarship | Full time and part time MBA applicants, applying by November 30, 2022 | 5 awards, 12,000 AUD each |
| Melbourne Business School | MBS Scholarships | Students pursuing Full-time MBA, Executive MBA, Senior Executive MBA | Variable |
| Melbourne Business School | Diversity Excellence Scholarships | Full time MBA students applying by May 31, 2023 | 50,000 AUD |
| Adelaide Business School | Adelaide MBA Scholarships | Formal application for entry into the full time Adelaide MBA program | Tuition fees for minimum number of courses |
| University of Sydney | UOW Postgraduate Academic Excellence Scholarship | International student with at least 75% overall score | 30% tuition fee |
| University of Sydney | UN Women NC MBA Scholarships in Australia | Students eligible for admission to the part time MBA | Full ride, 60,000+ AUD |
Note: Majority of the universities in Australia offer various scholarships for international students. You can also find a plethora of external scholarships and loans to study in Australia from individuals or organizations.
MBA in Australia Placements
The universities in Australia ensure a decent return on investment to the MBA students. Some of the common professions after MBA in Australia and their respective salaries according to Payscale are as follows:
| Profession | Average Salary (AUD) | Salary Equivalent (INR) |
|---|---|---|
| Accountant | 65,000 | 34.54 lakhs |
| Business Development Manager | 90,000 | 47.82 lakhs |
| Marketing Manager | 91,000 | 48.35 lakhs |
| Operations Manager | 104,000 | 55.26 lakhs |
| Project Manager | 109,000 | 57.92 lakhs |
| Finance Manager | 102,000 | 54.20 lakhs |
| Senior Business Analyst | 111,000 | 58.98 lakhs |
| Human Resource Manager | 104,146 | 55.33 lakhs |
| Regional Sales Manager | 114,000 | 60.56 lakhs |
Also Check: Job Opportunities in Australia for International Students
MBA in Australia Return on Investment
Universities in Australia provide excellent return on investment to MBA graduates. A comparison of the annual tuition fees and average annual salary after graduation across the top universities in Australia is provided in the following table:
| University/ School / College | Annual Tuition Cost (AUD) | Average MBA Graduate Salary (AUD) |
|---|---|---|
| The Australian National University | 40,992 | 128,000 |
| The University of Melbourne | 99,630 | 174,000 |
| The University of Sydney | 53,250 | 150,000 |
| The University of New South Wales Sydney | 78,480 | 146,000 |
| The University of Queensland | 84,648 | 130,000 |
| The University of Western Australia | 64,200 | 180,000 |
| RMIT University | 48,000 | 106,000 |
| University of Newcastle | 27,600 | 136,000 |
| Deakin University | 31,600 | 180,000 |
| Victoria University | 54,410 | 150,000 |
Check: Best Student Cities in Australia
MBA Specializations in Australia
Australian universities offering MBA provide numerous specializations for the program. Following are some of the popular specialization courses and universities offering those programs.
| Specialization | University |
|---|---|
| Marketing | Melbourne Business School | Deakin Business School | Bond University | University of Tasmania | University of Canberra | University of South Australia |
| Finance | University of Tasmania | Western Sydney University | Curtin University | Victoria University | University of South Australia |
| International Business | The University of Sydney | University of Newcastle |
| Entrepreneurship | University of Melbourne | University of Technology Sydney | University of Melbourne | Queensland University of Technology | Western Sydney University |
| Healthcare Management | Deakin Business School | University of Adelaide | Australia Institute of Business and Technology |
| Accounting | University of Technology Sydney | Queensland University of Technology | Deakin UniversityUniversity of Tasmania | University of Southern Queensland |
MBA in Australia College Comparison
MBA in the top ranked universities in Australia are some of the most advantageous courses in the world. A brief comparison between some of the top universities in Australia offering MBA is provided below:
| Particulars | The Australian National University | University of Melbourne | The University of Sydney |
|---|---|---|---|
| QS World Rankings, 2023 | #30 | #33 | #41 |
| Tuition Fee | 40,992 AUD (21.75 lakhs INR) | 99,630 AUD (52.61 lakhs INR) | 54,000 AUD (28.52 lakhs INR) |
| GPA | 5.0 on a 7.0 scale (60-69%) | No bar | 65% |
| GMAT Score | 600 | 695 | 500 (600 recommended) |
| IELTS Score | 6.5 (6.0 band score) | 6.5 (6.0 band score) | 6.5 (6.0 band score) |
| LORs | Not mandatory | Name and contact details of 2 professional referees (confidential) | Not mandatory |
| Work Experience | 5 years, with 3 years of documented management experience | 2 years of relevant experience | 3 years of relevant experience |
| Average Graduate Salary | 128,000 AUD (68.01 lakhs INR) | 174,000 AUD (92.45 lakhs INR) | 150,000 AUD (79.7 lakhs INR) |
Australia is one of the prime locations for international students to study MBA. All the Australian universities are AACSB, AMBA or EQUIS accredited, offering degrees recognized around the world. With an MBA market worth over 500 million AUD, students are promised a shining career after completing an MBA in Australia.
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