Introduction:
There are several compelling reasons to get an MBA and gain the necessary skills and knowledge to advance one’s career vertically. The MBA education imparts knowledge and skills to effectively oversee corporate operations and navigate the ever-evolving global landscape. This programme also equips students with the skills to manage a firm in an unpredictable setting and restore it during periods of turmoil.
An MBA is a postgraduate degree in business administration that provides a comprehensive understanding of the principles and practices required to function as business professionals and senior executives. An MBA curriculum is highly sought after globally and provides a comprehensive education in essential business areas such as marketing, accounting, finance, management skills, strategy, business ethics, and human resources. Business experts analyse case studies to assess their business acumen and develop expertise in managing different business sectors.
In contemporary times, it is a common aspiration for any individual who has completed their education to seek an MBA degree in order to enhance and advance their professional trajectory. Choosing to pursue it from a well-known foreign location certainly gives one an advantage in the competition. Additionally, it provides MBA professionals with an excellent start to their employment.
This blog provides a concise overview of the application process, projected expenses, and overall duration of pursuing an MBA in Australia. Additionally, comprehensive information regarding the eligibility requirements, employment prospects, and MBA grants specifically tailored for overseas students in Australia is also provided in this blog post.
Introduction:
There are several compelling reasons to get an MBA and gain the necessary skills and knowledge to advance one’s career vertically. The MBA education imparts knowledge and skills to effectively oversee corporate operations and navigate the ever-evolving global landscape. This programme also equips students with the skills to manage a firm in an unpredictable setting and restore it during periods of turmoil.
An MBA is a postgraduate degree in business administration that provides a comprehensive understanding of the principles and practices required to function as business professionals and senior executives. An MBA curriculum is highly sought after globally and provides a comprehensive education in essential business areas such as marketing, accounting, finance, management skills, strategy, business ethics, and human resources. Business experts analyse case studies to assess their business acumen and develop expertise in managing different business sectors.
In contemporary times, it is a common aspiration for any individual who has completed their education to seek an MBA degree in order to enhance and advance their professional trajectory. Choosing to pursue it from a well-known foreign location certainly gives one an advantage in the competition. Additionally, it provides MBA professionals with an excellent start to their employment.
This blog provides a concise overview of the application process, projected expenses, and overall duration of pursuing an MBA in Australia. Additionally, comprehensive information regarding the eligibility requirements, employment prospects, and MBA grants specifically tailored for overseas students in Australia is also provided in this blog post.
Are you contemplating the pursuit of an MBA in Australia? Australia provides a flourishing environment for ambitious professionals, thanks to its highly regarded business institutions and excellent education system. Australian institutions provide a wide variety of MBA programmes, hands-on learning experiences, and extensive industry networks, making them an excellent choice for professional growth. Additionally, Australia’s dynamic multicultural atmosphere, strong economy, and favourable business environment provide an excellent platform for networking and pursuing profitable employment prospects. An MBA in Australia can serve as a catalyst for reaching your professional goals, whether you aim to improve your leadership abilities, expand your global outlook, or nurture your entrepreneurial aspirations.
Australia is a popular choice for overseas students seeking to pursue their studies. According to the QS ranking, Australia is one of the top five study destinations for international students seeking to pursue an MBA overseas. The Australian High Commission in New Delhi reported that in November 2022, there were a total of 100,009 Indian students studying in Australia, with 20,000 of them specifically enrolled in an MBA programme. Approximately 80% of the enrolled candidates for an MBA programme in Australia were overseas students.
Australia is a culturally varied nation and continues to be a top preference for international students seeking higher education overseas. It is worth noting that a significant number of Indians choose Australia as their preferred destination for higher education, with over 100 thousand students enrolling in different universities annually. The Master of Business Administration (MBA) is a highly sought-after programme compared to other master’s degree programmes.
It is worth noting that Australia has become a highly desirable destination for Indian students, as evidenced by the fact that over 1,00,000 students enrol in different universities in Australia annually.
There are several compelling reasons to pursue an MBA in Australia:
University | Location | Program | MBA Duration | Tuition Fees/Year (2024) | Average MBA Graduate Salary |
The University of New South Wales (UNSW) | Sydney | MBA Extension | 2 Years | AU$ 106,680 (full program) | AU$ 146,000 |
The University of Queensland | Brisbane | MBA | 1 Year | AU$ 91421 | AU$ 130,000 |
Monash University | Melbourne | Global Executive MBA and Master of Business | 2 Years | AU$ 73300 | AU$ 1,74,000 |
Macquarie University | Sydney | MBA | 2 Years | AU$ 44500 | AU$ 136,000 |
University of Western Australia | Perth | MBA Flexible | 16 Months | AU$ 54300 | AU$ 180,000 |
University of Technology Sydney | Sydney | MBA | 2 Years | AU$ 48096 | AU$ 140,000 |
University of South Australia | Adelaide | International MBA | 2 Years | AU$ 39600 | AU$ 160,000 |
RMIT University | Melbourne | MBA | 2 Years | AU$ 38400 | AU$ 180,000 |
University of Wollongong | Wollongong | EMBA | 2 Years | AU$ 36144 | AU$ 130,000 |
La Trobe University | Melbourne | Global MBA | 2 Years | AU$ 42000 | AU$ 180,000 |
Deakin University | Melbourne | MBA International | 2 Years | AU$ 45000 | AU$ 180,000 |
1. MBA in Finance: It would provide you with comprehensive knowledge of financial principles within a worldwide framework. The course curriculum encompasses investment management, stockbroking, financial economics, company finance, and international finance. Upon successful completion of this course, you will have the opportunity to secure employment in many areas, such as financial services, banking, insurance, stockbroking, credit risk management, financial agencies, and consultancies.
2. MBA in International Business: It is a highly esteemed management degree that has attracted the attention of international students who wish to pursue it in Australia. This course primarily emphasises marketing, finance, human resource management, and international business management. An individual with an international business degree can secure employment as a global business manager, chief executive officer, international business consultant, or administrative service manager.
3. MBA in e-commerce: The interest in this MBA has significantly increased in recent years. In addition, by obtaining a degree from prestigious Australian universities, you will have an excellent opportunity to establish your career in the e-commerce market. Graduates with an MBA in e-commerce have the potential to pursue careers as e-commerce consultants, promotion managers, senior web developers, and other related positions.
4. MBA in Strategy & Leadership: It is designed for individuals who are passionate about developing skills in strategic management and leadership. This programme offers a comprehensive curriculum that focuses on enhancing these attributes and achieving leadership goals. It facilitates the development of the aspirants’ potential and enables them to create and implement business strategies, as well as effectively manage the business and related tasks.
5. MBA in Human Resource Management: It is a suitable option for individuals who possess strong social skills and enjoy engaging with others. The curriculum of this programme encompasses the areas of staffing, recruiting, employee training, the development of staff welfare policies, and the enhancement of employee productivity and engagement.
6. MBA Marketing: This programme emphasises the cultivation of expertise in market research, brand management, digital marketing, and advertising tactics.
7. MBA in Entrepreneurship: It is tailored for individuals who aspire to become entrepreneurs. It emphasises the cultivation of expertise in company strategy, innovation, venture capital, and startup management.
8.MBA in Healthcare Management: This programme integrates business management principles with an in-depth understanding of the healthcare industry, equipping graduates with the skills and expertise necessary to assume leadership positions within healthcare organisations.
9. MBA in Technology Management: It is designed for individuals who have a keen interest in the convergence of business and technology. The programme emphasises key areas like as IT strategy, innovation management, and digital transformation.
Australian institutions provide around 77 Master of Business Administration (MBA) specialisation degrees. AACSB, EQUIS, and AMBA have all accredited some courses, while not all of them. As a result, the GMAT score required for study in Australia varies according to the accreditation agency.
The minimum GMAT requirement for admission into Australian universities is 550. However, in order to gain admission to premier universities, applicants must have a score of at least 650–700.
The GMAT requirement at some prestigious Australian universities is given below:
Universities | Minimum GMAT Score | Required Work Experience | |
The University of Queensland | 550 | 4 Years | |
Monash University | 650 | 3 Years | |
University of New South Wales | 650 | 2 Years | |
The University of Western Australia | 650 | 2 Years | |
The University of Adelaide | 500 | 2 Years | |
University of Technology, Sydney | 550 | 4 Years |
Do you know that you may pursue an MBA in Australia without taking the GMAT? Many Australian universities and business schools recognise that the GMAT may not be the best predictor of an applicant’s ability to complete an MBA. This opinion is prevalent in Australia, where a number of well-known, highly regarded institutions accept applicants without GMAT scores. We have gathered a list of such universities for you to review below.
RMIT University |
University of Technology Sydney (UTS) |
Macquarie University |
Deakin University |
Curtin University |
University of Adelaide |
Griffith University |
University of South Australia |
University of Wollongong |
La Trobe University |
University of Newcastle |
University of Western Sydney |
The most difficult challenge applicants encounter while preparing to study abroad is securing funding. Obtaining a loan is one of them; nevertheless, not all students qualify for an education loan. Most Australian universities do not provide tuition exemptions or financial help for professional degrees such as an MBA. As a result, students frequently seek scholarships to help pay for their studies. It is also critical that students carefully consider the eligibility criteria and various types of expenses covered by the scholarship they are awarded.
Some of the most popular scholarships for an MBA program in Australia are:
Central Sector Scheme of National Overseas Scholarship for SC and other eligible candidates: This plan offers financial help to chosen applicants who want to pursue master’s level courses overseas.
Dr. Abdul Kalam International Undergraduate Scholarship—Engineering Honours & Information Technology: This fellowship is granted in remembrance of Dr APJ Abdul Kalam, who received an Honorary Doctorate of Engineering from the University of Sydney in 2011. It is given to students who wish to pursue bachelor’s or master’s degree programmes.
Deakin India Ten percent. Bursary for MBA, Sports Management, International Finance, and Commerce It is a need-based scholarship given to students who wish to pursue a master’s degree. Students do not need to apply separately for this scholarship; it is automatically considered when they apply for admission to various courses.
Macquarie University Tuition Fee Grants for Indians: MBA: This scholarship is granted to those who want to study for a master’s degree. The candidate must have three years of work experience to be eligible for this scholarship.
The Destination Australia Programme (DAP) offers approximately 1000 scholarships annually to both domestic and international students at regional campus locations. Financial aid totals $15,000 (₹10,98,285) per student annually.
Australia awards scholarships and pays all tuition fees for international students. It also covers travel expenses, establishment allowances, health insurance, and a contribution to living expenses.
Australian education organisations provide a variety of prizes to students. For example, under the University of Queensland’s India Global Leaders Scholarship programme, Indian students can pursue an MBA in Australia more affordably.
Visit this link for more information on scholarships: Study Abroad Scholarships for Indian Students
According to PayScale, the median salary after completing an MBA in Australia varies depending on criteria such as work experience, industry, job function, and region. On average, MBA graduates in Australia may expect to earn more than those with a bachelor’s degree. MBA graduates in Australia earn an average annual salary of between AUD 80,000 and AUD 196,433. Individual pay, however, might vary greatly depending on criteria such as prior work experience, university reputation, specialism, and bargaining skills. The industry and labor market conditions at the time of graduation may also have an impact on earnings.
Obtaining an MBA degree from Australia grants you global recognition, allowing you to apply for career opportunities worldwide, including Australia. Upon completion of an MBA programme in Australia, students are generally offered work in mid-level management roles. The following table displays the mean annual salary received by MBA graduates in Australia, categorised by industry:
Profession | *Average Salary in AUD |
Business Development Manager | 117,500 |
Marketing Manager | 115,000 |
Operations Manager | 121,668 |
Project Manager | 125,006 |
Finance Manager | 131,291 |
Business Analyst | 113,622 |
Human Resource Manager | 117,285 |
Management Consultant | 114,590 |
Technology Manager | 132,520 |
*The above data has been shared by Talent.com, Australia.
Master of Business Administration (MBA) is a course that is becoming more and more popular every passing day especially among the international students. As globalisation continues to grow, so does the need for skilled business managers. An MBA degree is a good mix of theoretical knowledge and real skills, and universities in Australia do a great job of balancing these two things. It’s also affordable to get an MBA in Australia than in the USA or UK, which are two other popular places to get one. The fact that Australia has more than 40 business schools, and each one offers a wide range of specialisations, makes it clear how popular MBA courses are in Australia.
Australia is one of the top study destinations for an MBA program. Before embarking on your travel to Australia, you must conduct an extensive study and obtain all necessary information. If you require additional assistance to study in Australia, please contact our Australian education specialists today!
Australia provides an ideal environment for ambitious individuals, with highly recognised business institutions, strong educational systems, numerous MBA programmes, and significant industry networks. Furthermore, its vibrant multicultural setting, robust economy, and favourable business environment provide good opportunities for networking and pursuing lucrative job opportunities.
In Australia, MBA specialisations include finance, international business, e-commerce, strategy and leadership, human resource management, marketing, entrepreneurship, healthcare management, and technology management. Each specialisation addresses distinct career goals and industry demands.
The lowest GMAT score needed to get into Australian universities ranges, but is usually between 550 and 700. But scores of at least 650 to 700 are often needed to get into top universities. Though, some universities don’t need GMAT score for MBA program.
Several well-known Australian universities and business schools accept applicants without GMAT scores. Some of these universities include RMIT University, University of Technology Sydney (UTS), Macquarie University, Deakin University, Curtin University, University of Adelaide, Griffith University, University of South Australia, University of Wollongong, La Trobe University, University of Newcastle, and University of Western Sydney.
There are plenty of job opportunities for MBA graduates in Australia in many fields. The average salary ranges from AUD 80,000 to AUD 196,433, based on work experience, industry, specialisation, and region. There are a lot of popular jobs out there, such as Technology Manager, Human Resource Manager, Operations Manager, Project Manager, Finance Manager, Business Analyst, and Marketing Manager.
Yes, getting an MBA in Australia is usually less expensive than in places like the US or UK. Australia has a lot of high-quality, low-cost MBA programmes at more than 40 business schools with a wide range of specialisations. This makes it a popular choice for students from other countries.
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