Best MBA Colleges In Australia For International Students

International MBA students in Australia have several academic and professional prospects. The country has traditionally been a favored MBA destination. The top factor is the range of specializations, QS-Ranked MBA universities in Australia, etc.

Australia’s education system is well-regarded, therefore taking a crucial course like an MBA will lead to a better future profession. This blog covers everything you need to start studying at Australia’s top MBA schools.

Why Study MBA Courses In Australia?

There are multiple reasons why international students are considering Australia as the prime study destination for MBA. Here are the top reasons:

• Ranked on QS Global MBA Rankings: Most universities listed here are on the MBA Australia ranking. The top three MBA universities are Melbourne Business School, UNSW and Macquarie Business School,
• Choice Of Study: International students have the choice to pursue MBA studies in Australia in two ways, full-time and part-time. This helps the former to study at their convenience.
• Enhances Career Choices: The MBA courses in Australia cater to the different needs of international students. For example, a student who wishes to move to a managerial position,

A student who aims to enhance its leadership qualities, etc.

• Well-Designed Course: All the MBA courses designed in Australia have been updated as per the current industry requirements. This means students who graduate from this program will immediately become a right fit to perform their job roles well.

Top MBA Universities In Australia

Australia is home to a number of well-known and well-established MBA schools. These schools have been popular for many years. To assist you choose from the long selection, we’ve compiled a list of the top five MBA programs in Australia to consider for 2022-2023:

• University of Melbourne, Melbourne Business School
• University of New South Wales Business School
• Monash University, Monash Business School
• Macquarie University, Macquarie Business School
• University of Queensland, UQ Business School

University of Melbourne, Melbourne Business School

Melbourne Business School at the University of Melbourne is regarded as one of Australia’s finest business schools. If you want to gain real-world business experience in a vibrant city, Melbourne Business School is the place to be. The Economist ranks this MBA as the finest in Australia. The program provides a wide range of knowledge and possibilities that can be applied in real-world situations.

• Type: Public
• QS World University Rankings 2023: 33
• QS Global MBA Rankings: Australia – 27
• Course Offered: MBA
• Course Duration: 2 years
• Average Tuition fees: For 2023 fees, contact the university
• Location: Melbourne

University of New South Wales Business School

The University of New South Wales’ Australian Graduate School of Management seeks to train students for general management and executive leadership jobs in business and government. It is also one of Australia’s best business schools. The MBA courses mix traditional study with case studies and teamwork to help you make better decisions.

• Type: Public
• QS World University Rankings 2023: 45
• QS Global MBA Rankings: Australia – 31
• Course Offered: MBA
• Course Duration: 1-year
• Average Tuition fees: 78,480 AUD/year
• Location: Sydney

Monash University, Monash Business School

Among the MBA universities in Australia, Monash University is well-known for providing the top MBA in Australia. MBA programs feature experience-based modules, consulting projects, and possibilities for international industry interaction. Before applying for an MBA at Monash University, you must have at least three years of experience, like with other top business schools in Australia.

• Type: Public
• QS World University Rankings 2023: 57
• QS Global MBA Rankings: Australia – 84
• Course Offered: MBA
• Course Duration: 2 years
• Average Tuition fees: 50,000 AUD/year
• Location: Melbourne

Macquarie University, Macquarie Business School

The MBA and Global MBA programs at Macquarie Business School, Macquarie University offer the necessary skill sets for students to navigate and influence diverse possibilities in an evolving global economy.

• Type: Public
• QS World University Rankings 2023: 195
• QS Global MBA Rankings: Australia – 82
• Course Offered: MBA
• Course Duration: 1.5-2 years
• Average Tuition fees: 60,000 + AUD/year
• Location: Sydney

University of Queensland, UQ Business School

UQ Business School at the University of Queensland, located in the heart of Brisbane, is one of the most prestigious business schools in Australia for international students. The Economist MBA global rating has put it first in the world for the fifth year in a row. You can get all of the qualifications and qualities you need to address challenging business problems at UQ Business School.

• Type: Public
• QS World University Rankings 2023: 50
• QS Global MBA Rankings: Australia – 87
• Course Offered: MBA
• Course Duration: 1-year
• Average Tuition fees: 84,648 AUD/year
• Location: Brisbane

MBA In Australia Eligibility

Meeting the listed eligibility criteria for MBA studies in Australia is crucial. Each criteria might differ from one university to another, however there is a standard process that is followed by all. Below is the complete list:

• Undergraduate Degree
• GMAT or GRE Score
• Work Experience
• Language Requirements
• Passport & Visa

Undergraduate Degree

To apply for MBA universities in Australia, all applicants must have an undergraduate degree of a minimum 5.0 to 7.0 CGPA from a recognized university.

GMAT or GRE Score

The second most important requirement for top MBA colleges in Australia is the GMAT or GRE score. The scores vary depending on the type of MBA program and university you choose. The GMAT general score ranges from 600 to 650.

Work Experience

A minimum of 3 to 5 years of professional work experience in the relevant field must apply to top universities in Australia for an MBA. However, not all universities have a mandatory requirement, but it is always preferred.

Language Requirements

An English proficiency test is mandatory for MBA colleges in Australia for Indian students. Minimum scores as per the tests are:

• IELTS – 6.5 – 7.5
• TOEFL (iBT) – 100
• PTE – 58 – 60

Passport & Visa

A valid passport and student visa are a must for all international students to study any course at any university in Australia. Do keep in mind to apply for your visa at least 3 months before the expected travel date.

Admission Process Of MBA Australia

To enroll at the top MBA colleges in Australia, follow the below-listed instructions:

• Shortlist the MBA universities in Australia
• Visit the chosen universities official website to learn about entry requirements
• Write and clear any entrance exams enquired
• Pay the application fees and fill in the online form
• Submit all related documents before the application deadline
• Attend any interview if scheduled by the university
• Once accepted, prepare for Australian student visa and arrange for sufficient funds

Documents Required For MBA Universities In Australia

Before applying to any MBA universities, international students should send in a set of supporting documents. Ensure the below is checked:

• Transcripts of all educational qualifications
• CV or Resume
• LOR (Letter of Recommendation)
• SOP (Statement of Purpose)
• Scorecards of IELTS/TOEFL
• Scorecards of GMAT/GRE
• Work experience certificate

Cost Of Studying MBA Courses In Australia

The cost of MBA in Australia is determined by two crucial factors, tuition fees and living costs. Understanding these costs can help you manage the latter via scholarships for MBA in Australia.

Tuition Fees

To pursue MBA studies in Australia, the tuition fees range from 50,000 AUD- 84,648 AUD/year.

Cost of Living

In Australia, annual living expenses range between $19,000 and $21,000 AUD. These costs may differ depending on the lifestyle choices made by each student. The most common expenses include rent, food, groceries, miscellaneous, and so on.

MBA is one of the most popular courses pursued by international students worldwide. These students are constantly looking for nations or colleges that can provide them with good MBA training. Australia has been a popular choice in this regard over the years. Even if you have all of the information about MBA Australia, selecting the best academic program can be tough.

FAQs

What is the MBA duration in Australia?

• The general MBA duration in Australia is 2 years. However, there are also universities that offer 1.5-year MBA courses in Australia.

Is work experience listed on MBA in Australia eligibility?

• Yes. The top MBA colleges in Australia require a minimum of 3 to 5 years of work experience for admission.

Can I apply for MBA Australia without GMAT?

• Yes, you can apply for an MBA in Australia without GMAT since most universities are making this entrance exam either optional or waived off.

What is the MBA salary in Australia?

• International students earn up to 104,000 AUD/year after their MBA degree. The salary figure will differ based on the job profiles chosen.