MBA In Australia: Know College List, Fee & ROI!

Australia is becoming an ideal destination for international students seeking higher education. With top-ranking business schools offering high-quality education, Australia is turning out to be among the best countries to study. An MBA in Australia provides a thriving ecosystem for ambitious professionals, combining multiple MBA programmes, strong industry connections, and practical learning opportunities.

An MBA, a master’s degree in Business Administration, is among the most pursued courses globally. It outlines the procedure for working as senior executives and business professionals. MBA courses in Australia establish strong foundations in business fundamentals such as finance, business ethics, accounting, managerial skills, and human resources. The programme also evaluates case studies to test their business insights and handle various business segments.

Top Schools For MBA In Australia

If you study in Australia, you’ll be exposed to prestigious universities offering MBA programmes. These top business schools in Australia are renowned for their quality education, state-of-the-art facilities, certified lecturers and trainers, and industry connections for career development opportunities. The table below shows the various top destinations for MBA study in Australia and their respective application deadlines.

University	Application Deadlines
The Australian National University	Generally in January
The University of Sydney	Round 1: Generally in January \| Round 2: February 25, 2024 \| Round 3: March 31, 2024 \| Round 4: April 28, 2024 \| Round 5: June 2, 2024
The University of Queensland	April 30, 2024
The University of Western Australia	Generally in January
The University of Melbourne	April 30, 2024
The University of New South Wales Sydney	Round 6: February 1, 2024
Monash University	Round 1: March 31, 2024 \| Round 3: August 31, 2024 (Round 2 is for domestic students)
The University of Adelaide	Trimester 2: April 29, 2024 \| Trimester 3: August 12, 2024

MBA Cost Or Fees In Australia

The cost of an Australia MBA depends on the school you’re going to and the speciality you’ll settle for. The cheapest MBA in Australia is just over 33,000 AUD. Some schools charge more, but that’s dependent on various factors such as accessibility of resources such as the best books for MBA and career opportunities. The table below shows the top b schools in Australia and their respective MBA in Australia fees.

University	Tuition Fees (AUD)
The Australian National University	48,035
The University of Sydney	52,500 to 54,000
The University of Queensland	91,421
The University of Western Australia	71,400
The University of Melbourne	106,650
The University of New South Wales Sydney	81,720
Monash University	33,125
The University of Adelaide	48,500

NB: While the table doesn’t showcase MBA in Australia fees in rupees, you can always use the current exchange rates to estimate the costs in the local currency.

MBA Requirements – Eligibility Criteria

There are specific requirements that all MBA colleges in Australia have put in place. These requirements prove the qualifications of applicants and help them pursue their MBA degree in Australia. There are both general and school-specific requirements. There is no MBA without work experience abroad. Furthermore, an MBA without GMAT is impossible since most universities require that score to gauge your capabilities (however, Monash University doesn’t need a GMAT). Another essential requirement for an MBA is a well-written statement of purpose. This will highlight your reasons to do an MBA.

General MBA In Australia Requirements
Categories	Requirements
Degrees/ Transcripts	16 years of education, official academic transcripts of the undergraduate programme
English Proficiency Test Score	IELTS Score of 6.5 \| PTE score of 65-75 or equivalent
GMAT Score	550
GPA	4.5 on a scale of 7.0 (50-60%)
Professional Experience	Minimum 2-3 years of relevant post-degree work experience
SOP/ Essay	300-500 words SOP
LOR	2 LORs
CV/ Resume	Updated CV/ Resume

Eligibility Criteria For Every MBA University In Australia
University	GMAT Score	GPA	Work Experience
The Australian National University	600	5.0 on a 7.0 scale (60-69%)	Five years, with three years of documented management experience
The University of Sydney	500 (600 recommended)	65%	Three years of relevant work experience
The University of Queensland	550	4.5 on a 7.0 scale (60-65%)	Four years of full-time post-graduation work experience, two years in a dedicated management role
The University of Western Australia	650	50%	Three years of relevant documented professional experience
The University of Melbourne	695 or higher	No bar	Two years of professional experience
The University of New South Wales Sydney	650+	An undergraduate degree (no minimum GPA)	Two years of work experience
Monash University	Not required	Australian Bachelor’s degree or equivalent	Three years of work experience with one year of managerial experience
The University of Adelaide	650	Bachelor’s degree (no minimum GPA)	Two years of relevant work experience

Work Permit

A work permit after completing your MBA in Australia for Indian students is mandatory to work and stay in the country. This certifies that you can freely apply for and get employment from companies within the country. A work permit is the most common post-study work visa in Australia, and you can earn more details and additional information from your IDP expert.

If qualified, you should be issued a temporary graduate visa (subclass 485), which usually lasts 2-4 years, depending on one’s qualifications. Visa processing can take 6-12 months and is open to students who have completed at least two years of studying for an MBA or BBA in Australia. With good job opportunities and placement rates, enrolling in the best university for an MBA in Australia has a good ROI, considering the cost of studying in Australia for students.

MBA Scholarships In Australia

MBA in Australia with scholarships is a good option for students who need financial assistance. MBA scholarships in Australia are game changers for students who require help paying the high tuition fees or keeping up with the cost of living in Australia. However, scholarships are highly competitive and are rewarded on merit.

University	Scholarship	Details	Eligibility
Monash Business School	Monash MBA International Women in Leadership Scholarship	100% course fees; invitation to Monash Minds, a leadership programme; participation in various marketing, recruitment and promotional events	Full-time international student with a weighted Average Mark (WAM) of 70 per semester to retain
Melbourne Business School	MBS Scholarships	Not specified	Students pursuing Full-time MBA, Executive MBA, Senior Executive MBA
Adelaide Business School	Adelaide MBA Scholarships	Tuition fees for a minimum number of courses	Formal application for entry into the full-time Adelaide MBA programme
University of Sydney	UN Women NC MBA Scholarships in Australia	Entire ride, 60,000+ AUD	Students eligible for admission to the part-time MBA
Melbourne Business School	Kraft Heinz Scholarship	Five awards (12,000 AUD each)	Full-time and part-time MBA applicants
Melbourne Business School	Diversity Excellence Scholarships	50,000 AUD	Full-time MBA students
University of Sydney	UOW Postgraduate Academic Excellence Scholarship	30% tuition fee	International student with at least 75% overall score

Specialisations In Australia

MBA programmes are meant to serve diverse areas and industries as their application is widely accepted. There are various MBA subjects in Australia, each offering different specialisations. It’s essential also to recognise the difference between MBA vs MIM. While MBAs equip students with previous business knowledge and experience, MIM is ideal for individuals with less business education. The various MBA courses in Australia include:

Accounting
Marketing
Finance
International Business
Entrepreneurship
Healthcare management

Jobs & Salaries In Australia

After studying for the best MBA, there are multiple career options that you can consider. A graduate can practice their skills across the best streams in MBA. The career options will be determined by the specialisation you opt for and the work experience you’ve gathered, and that will affect the salary for the MBA in Australia. Some of the job opportunities, even for the cheapest MBA in Australia for international students, include:

Profession	Annual Salary (AUD)
Accountant	65,000
Marketing Manager	91,000
Project Manager	109,000
Senior Business Analyst	111,000
Regional Sales Manager	114,000
Business Development Manager	90,000
Operations Manager	104,000
Finance Manager	102,000
Human Resource Manager	104,146