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Melbourne Business School’s Executive MBA degree has been judged the best of its kind in Australia, and the 27th best in the world, according to the latest QS global rankings report.
emba
One of the world’s largest surveys of business schools, the QS World University Rankings rates various degrees and universities by region and specialisation.
Our Executive MBA degree was placed in the top five in the Asia Pacific region, alongside INSEAD in Singapore and CEIBS in Shanghai, as well as the best in the country.
The Executive MBA is designed for experienced managers who want to complete an MBA degree without putting their career on hold. Students stay on-site at Melbourne Business School for 17 long-weekend modules over 18 months, as well as one week in Asia.
The program requires a minimum of five years’ experience in management, as well as an undergraduate degree.
Dean Professor Ian Harper said the ranking reflected the School’s ongoing commitment to deliver education programs designed to suit the needs of business.
“Business is changing faster than ever before, so business schools need to make sure the way they deliver degrees and training programs, as well as what they teach, is up to date,” Professor Harper said.
“At Melbourne Business School, we pride ourselves on staying connected to the business community to make sure our education programs meet the demands of corporate Australia and the world.”
In the past year, QS has refined the way it compiles Executive MBA rankings by taking into account a school’s reputation among academics and employers, demographic of the cohort and the uplift of salary after graduation.
The QS Global MBA Rankings 2020 have been released today, ranking business schools from around the world. The rankings are also split up into regions: Asia, Europe, Canada, Oceania, Latin America, and the US.
MBA programs were ranked based on the indicators of employability, entrepreneurship and alumni outcomes, return on investment, thought leadership, and diversity. You can find out more about the methodology used to produce the rankings here.
This year, 14 schools from the Oceania region made it into the rankings, with 13 of them based in Australia. Read on to discover the top five MBA programs in Australia…
| QS Global MBA Rankings 2020: Top MBA Programs in Australia | |||
| Australian Rank | Global Rank | School | Location |
| 1 | =26 | Melbourne Business School | Melbourne |
| 2 | 42 | UNSW (AGSM) | Sydney |
| 3 | 90 | Monash Business School | Melbourne |
| 4 | 111-120 | The University of Queensland | Brisbane |
| 5 | 131-140 | Macquarie Business School | Sydney; Hong Kong |
5) Macquarie Business School
- Tuition fees: US$56,344
- Students in class: 108
- Percentage of female students: 43 percent
- Percentage of international students: 86 percent
Fifth in Australia is the MBA program at Macquarie Business School. The program achieved the joint highest score in the Oceania region for diversity, with far more international than domestic students and near gender parity in terms of both students and faculty.
Students can choose where they study, whether online, at the North Rye or Sydney campus, or at Macquarie’s international campus in the business center of Hong Kong.
The MBA can be completed in two years as a full-time program or fitted around professional and personal commitments part-time over three or four years via weekly lectures, block classes or online interactive classes.
The program is comprised of 16 course units, including 10 foundation units and six elective units selected from a range of over 40 options. Core units include marketing management, strategic frameworks and operations management.
4) The University of Queensland Business School
- Tuition fees: US$53,938
- Students in class: 115
- Percentage of female students: 34 percent
- Percentage of international students: 44 percent
The University of Queensland Business School’s MBA program has an average length of 18 months but has three MBA study options. The accelerated program can be completed in 12 months in intensive blocks and is the only format available to international students. The popular streamlined option can be completed over 24 months alongside work commitments, including weekend and evening classes. Finally, the flexible option can be tailored around work and personal commitments, incorporating weekday, weeknight and weekend study options.
Students can broaden their horizons by spending two to five weeks at one of UQ Business School’s international partner institutions, enriching their MBA experience and gaining credit towards the degree. Partner schools include the Harvard Business School Summer School, Copenhagen Business School and ESSEC Business School.
UQ Business School’s Social Economic Engagement Program was designed for MBA students, offering them the chance to apply classroom learning to challenges facing the not-for-profit sector.
3) Monash Business School, Monash University
- Tuition fees: US$56,344
- Students in class: 50
- Percentage of female students: 48 percent
- Percentage of international students: 33 percent
Monash Business School achieved good scores for diversity and ROI, with students enjoying an average post-graduation salary boost of 76 percent.
The 22-month program involves intensive blocks, weekend and evening classes to enable students to work while studying. Additionally, the international student visa permits Monash MBA students to work up to 20 hours a week.
The program is structured around four core modules: Foundation, Innovation, Transformation and Globalization. Each module includes a supervised consulting project with business partners, providing real-world application of the topic.
Monash offers an impressive nine MBA specific scholarships. These include the Women in MBA (WiMBA) Scholarship, MBA Leadership in Emerging Economies and the MBA Sustainable Enterprise Scholarship.
2) Australian Graduate School of Management (AGSM) at the University of New South Wales Business School
- Tuition fees: US$59,161
- Students in class: 56
- Percentage of female students: 36 percent
- Percentage of international students: 68 percent
Narrowly missing out on the top spot is the MBA at AGSM. The 16-month program achieved the second-highest score in the region for thought leadership and the joint highest for diversity.
The program is comprised of nine core courses completed over two terms, starting with the intensive two-week core course, Foundations of Management. Other core courses include entrepreneurship and innovation, corporate finance and accounting.
You can then tailor your MBA experience by completing seven elective courses over a maximum of two terms. Electives offered include venture capital finance, business modelling and strategies for growth. During stage two, students can undertake an international exchange program at one of AGSM’s 28 partner schools, including London Business School, The Wharton School and ESADE Ramon Llull University.
AGSM offers professional as well as academic support, with study skills workshops and career mentoring programs. Their ‘Meet the Executive’ series offers exclusive behind the scenes business insights with global business leaders.
1) Melbourne Business School
- Tuition fees: US$66,781
- Students in class: 39
- Percentage of female students: 39 percent
- Percentage of international students: 77 percent
Top of the table, the 12-month MBA program at Melbourne Business School sees students spend 38-40 hours a week on campus, plus additional study time out of class. There are 15 core modules spread over three terms, including data analysis, marketing management and global business economics.
Participants also complete six elective modules, which vary year to year but may include brand management, consumer behavior, and corporate strategy. MBA students will go on a field trip to Asia (usually China) for the compulsory Business in Asia module, taking advantage of Australia’s proximity to the continent.
Students may apply to go on an exchange with international partner schools including The Kellogg School of Management at Northwestern University, HKUST Business School or The Fuqua School of Business at Duke University.
The program achieved the highest scores in the Oceania region for employability, thought leadership and return on investment, with an average post-graduation salary increase of 75 percent.
Top 10 MBA Programs in Australia
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Considering doing an MBA program in Australia? You’re not alone. Many MBA seekers are drawn to Australia’s warm and sunny climate, not to mention its strong economy and overall diversity. The country’s proximity to Asia and close business ties with the region make it a compelling choice for those looking to stick around Australia after an MBA.
Australia’s financial powerhouse Sydney offers plentiful job opportunities in finance and consulting, while the other major cities – Melbourne, Brisbane and Adelaide – are all welcoming places for newcomers looking to study and do business.
Internationally accredited MBA programs in Australia mean that the country’s distance from some other parts of the world need not be a downside. Some of the business schools in the country regularly make it into international MBA rankings publications, from The Financial Times, the Economist, and Bloomberg Businessweek. Although many of Australia’s top MBA programs are in cities like Sydney and Melbourne, there are also world-class offerings in and around Brisbane—on the country’s east coast—and in other parts of the country as well.
Australia’s combination of international business opportunities, accredited MBA programs, and balmy climes would be hard to beat. See the Top 10 MBA Programs in Australia below.
MGSM Macquarie Graduate School of Management
Sydney, Australia 28 Followers 35 Discussions
MGSM
MGSM is a top business school in dynamic Sydney, Australia’s financial capital. MGSM’s MBA has been ranked as one of the top MBA programs in Australia, and within the top 50 MBA programs in the Economist’s most recent rankings, as well as in the Financial Times’ rankings where it was named as Australia’s top MBA program. Both campuses – the one in downtown Sydney and the other in the suburb North Ryde – run the full-time MBA program, which offers specializations in Entrepreneurship, Strategy and Logistics and Operations Management, among others.
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Melbourne Business School (MBS)
Carlton, Australia 54 Followers 93 Discussions
International students looking for an MBA in Australia often look towards Melbourne Business School, whose MBA has been celebrated with Top 100 placements in the “big three” of MBA rankings: the Financial Times, the Economist and Bloomberg Businessweek. Housed in Melbourne, in a city known for its multiculturalism, international MBA students can expect to fit in easily to their new city. Beyond the full-time option, Melbourne Business School offers a part-time MBA, an Executive MBA and a Senior Executive MBA, with residential modules spread from Melbourne to Asia, Europe and North America.
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University of New South Wales (UNSW) – Australian Graduate School of Management (AGSM)
Sydney, Australia 38 Followers 87 Discussions
AGSM @ UNSW
Also ranked in the Financial Times’ Global MBA rankings is AGSM’s MBA. The school’s MBA has a strong reputation for having graduates placed in finance and consulting roles following graduation, many of whom are able to stay in Sydney for work in these sectors. Additionally, AGSM’s Online MBA was ranked fourth in the world by the Financial Times’ 2017 Online MBA Ranking.
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University of Sydney
Sydney, Australia 9 Followers 9 Discussions
Business and finance newspaper the Australian Financial Review currently ranks the University of Sydney’s MBA the top MBA program in Australia. Run over 18 months, this program focuses on leadership and enterprise. The university recently added a full-time MBA to its established part-time MBA and Global Executive MBA, where high-level executives study from a combination of online primers and international residencies, while undertaking a major strategic project.
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The University of Adelaide – Adelaide Graduate School of Business (AGSB)
South Australia, Australia 5 Followers 8 Discussions
Another school highly ranked by the Australian Financial Review is the Adelaide Graduate School of Business, which placed number five in the 2017 ranking. Located in the more temperate South Australia, Adelaide’s biggest industries are its healthcare and social services sector, and then manufacturing. Local industry and government leaders provide mentorship to the school’s MBA students. Adelaide Graduate School of Business’s MBA is AACSB accredited.
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University of South Australia (UniSA)
Adelaide, Australia 11 Followers 6 Discussions
Another business offering an MBA in Adelaide is the International Graduate School of Business at the University of South Australia. The school’s full-time MBA, also highly ranked by Australian Financial Review, is a flexible program where students have the choice between studying on campus, online, or some combination of both, allowing them to keep up with work and family commitments. The EQUIS-accredited school offers its MBA with a selection of specializations in Finance, Human Resources Management and Marketing.
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The University of Queensland – UQ Business School
Brisbane, Australia 9 Followers 20 Discussions
The University of Queensland’s UQ Business School is located in Brisbane, known for its year-round sunshine. The school’s MBA program is also designed to make the most of Australia’s proximity to Asia and the important business relationships this fosters: the program’s Global Consulting Practicum is a partnership with Fudan University and the Wharton School at the University of Pennsylvania where students collaborate on business solutions in each of the school’s domestic markets. This MBA is currently ranked second in Australia by the Australian Financial Review and is also ranked along with several other MBA programs in Australia in Economist’s latest rankings.
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Bond University
Robina, Australia 5 Followers 3 Discussions
Also ranked by the Australian Financial Review is Bond University’s MBA, which is accredited by the international business education assessors AACSB and EQUIS. Taught at the university campus on the idyllic Gold Coast, Bond University’s MBA can be completed in one year with full-time study. Students can choose between the generalist MBA or a set of specializations including Digital Business, Marketing and Big Data.
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Queensland University of Technology (QUT) – Brisbane Graduate School of Business (BGSB)
Brisbane, Australia 16 Followers 13 Discussions
Queensland University of Technology’s business program offering has led it to be one of only two business schools offering MBA programs in Australia with triple accreditation from AACSB, AMBA and EQUIS. The university’s Garden Point campus is nestled riverside in downtown Brisbane, offering easy access to local business and networking opportunities. The MBA program culminates with a workplace project, allowing students to plan for a new post-graduation venture or consult an existing organization.
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Griffith University – Griffith Business School
Nathan, Australia 9 Followers 9 Discussions
Located in southern Brisbane, Griffith University’s MBA focuses on the future, with sustainable business practices at the forefront, as well as an Asia-Pacific perspective. The Griffith MBA also gives students the choice between on-campus study, online study or a combination of both. The program was place fourth in the Australian Financial Review’s latest MBA ranking and the school is AACSB accredited.
Top Business Schools for MBA in Australia
13 business schools of Australian universities were included in the list of top 250 business colleges around the world by QS News Global MBA Ranking. The table given below lists the top 10 of them along with their ranking and the complete fee of the full-time MBA program:
| School | Parent University | Full-time MBA Fees |
|---|---|---|
| Melbourne Business School | University of Melbourne | 62,198 USD |
| AGSM Business School | University of New South Wales | 60,043 USD |
| Monash Business School | Monash University | 61,156 USD |
| Macquarie Graduate School of Management | Macquarie University | 54,993 USD |
| UWA Business School | University of Western Australia | 41,488 USD |
| UQ Business School | University of Queensland | 56,157 USD |
| ANU College of Business & Economics | Australian National University | 49,911 USD |
| Deakin Business School | Deakin University | 43,514 USD |
| RMIT University School of Business | RMIT University | 59,393 USD |
| La Trobe Business School | La Trobe University | 41,451 USD |
International students can also pursue online MBA at popular business schools in Australia- RMIT, Victoria Univesity, James Cook University, and Southern Cross University. Why MBA in Australia
Why MBA in Australia?
- Five of the business schools in Australia have been ranked among the top 100 business schools in the world, as per QS Global MBA Ranking 2021.
- Business schools for MBA in Australia are accredited by a few of the globally reputed agencies, namely EQUIS, AACSB, and AMBA. Hence, it is recognized all over the world.
- Australia has been included in the list of top countries for MBA salaries in 2020 by QS News. It is placed in 5th place with 98,400 USD average salaries leaving behind countries like the UK (92,400), Japan (80,000), and Germany (77,200).
As per the FT Business School Rankings (2020), three business schools in Australia made it to the top 100. The weighted salaries and the percentage hike in the salaries of the alumni for these three is tabulated below:
| FT Ranking | University | Weighted Salary(USD) | Salary Increase (%) |
|---|---|---|---|
| #80 | Melbourne Business School | 115,679 | 74 |
| #88 | UNSW Business School | 106,393 | 62 |
| #97 | Macquire Graduate School of Management | 120,091 | 83 |
Admissions to MBA in Australia
Business schools offer admission based on the grades in an undergraduate degree, relevant work experience, and an interview conducted by the faculty of business school. Admission to universities in Australia can be made by:
- Direct Applications: Visit the university website and apply through the apply now toggles on the course page
- Agents: Explore university websites to find out their agents within your home country. Approach them with necessary documents. The agents help you throughout the process.
To get admissions with Australian universities you will need to fulfill the eligibility criteria, submit the required documents and submit the relevant application fees. The details on the same are discussed in sections below:Eligibility
MBA in Australia Requirements
- Bachelor’s degrees in any field (some schools prefer a degree of certificate in business-related fields)
- Minimum 65% in bachelors
- Up-to-date resume
- At least two reference letters from the previous employer or professors
- Interview, conducted face-to-face, over a video call, or on phone.
- A good GMAT or GRE score
- At least 2 years of work experience in a managerial or business-related field
- English Proficiency Requirement: International students are required to submit IELTS scores to demonstrate proficiency in the English language as the curriculum of Australian universities is entirely in English. Students having IELTS scores of approx 6.5 to 7.0 can easily get admission into the popular schools offering an MBA in Australia.
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