MBA in Australia for Indian Students: Universities, Colleges & Fees

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Anumika Bahukhandi Study Abroad Expert
Updated on Apr 26, 2022 09:07 IST

Study MBA in Australia: One of the most sought-after countries for MBA, Australia has five of its schools featured among the top 100 in the QS Global MBA Rankings 2021. What sets the country apart is its multicultural environment that helps students adjust well and build networks for future work prospects. Its exceptionally credible MBA institutions are internationally recognized for yielding market-ready, holistically developed individuals displaying multidimensional skills. 

They have courses tailored to the Asia/Pacific market making them popular amongst international students. Overall, Australia’s friendly immigration norms, decent living standards, and study culture make it one of the top destinations for pursuing an MBA.

MBA in Australia Highlights

Factors

Particulars

Total number of MBA colleges in Australia

50+ Approx

MBA Cost in Australia

Tuition Fees: INR 22 L (average for the first year)

Living Expenses: INR 7 L (for one year)

Top Specializations

MBA in International Business, MBA in Finance, MBA in Logistics, MBA in Human Resources, MBA in Information Systems, MBA in Hospitality

Admission Process

(subject to university)

Strong Academic Credentials+ Bachelor’s Degree + IELTS/TOEFL Score + GMAT + Work Experience (not mandatory) + Statement of Purpose + Letter of Recommendation + Interview

Types of MBA in Australia

For the unversed, apart from full-time MBA various other types are available for local as well as international students. Students, as per convenience, can opt for these particular types according to their preferences. Whichever type you choose, be sure to expect a good return on investment (ROI) in the end.

Full-Time MBA: In a full-time MBA program, students need to attend the classes on a regular basis. This program is fit for those who do not want to work alongside and just wish to concentrate on obtaining the degree. Most of the younger lot target the full-time MBA course.

Part-Time MBA: Students who wish to earn along with studying opt for a part-time MBA program. They usually attend their classes post their office/work timings or during weekends when they’re free. Most of the time part-timers take more time completing their courses due to their tough job schedules.

Dual Degree: The advantage of pursuing a dual-degree program is that along with your MBA you can pursue another complementary graduate degree in lesser time. So apart from MBA, you can get a degree in education, medicine, engineering, nursing, science, etc.

Top 10 MBA Colleges in Australia

The list below features the top 10 MBA colleges in Australia with respective international rankings.

Colleges

QS Global MBA Rank 2021

Melbourne Business School

Melbourne, Australia

26

UNSW (AGSM)

Sydney, Australia

41

Monash Business School

Melbourne, Australia

73

MGSM Macquarie

Sydney, Australia

95

UQ Business School

Brisbane, Australia

99

University of Western Australia’s Business School

Perth, Australia

101-110

Australian National University

Canberra, Australia

121-130

UTS Business School

Sydney, Australia

141-150

La Trobe Business School

Melbourne, Australia

151-200

RMIT University

Melbourne, Australia

151-200

(Source: QS)

Popular MBA Specializations in Australia

Students can choose from a wide range of MBA specializations available across universities in Australia. Some of the popular MBA specialization options are:

  • MBA in e-commerce
  • MBA in Finance
  • MBA in Strategy & Leadership
  • MBA in International Business
  • MBA in Marketing
  • MBA in Human Resource Management
  • MBA in IT
  • MBA in Tourism Management
  • MBA in Accounting
  • MBA in Public Administration

Related Reads

Popular Job Sectors in Australia 2022

Know all about the Education System in Australia

Top Universities and Colleges in Australia

Student Guide to Australia for International Students

MBA Cost/Fees in Australia

The first and foremost thing one needs to sort out while planning to study abroad is budget planning. As far as pursuing an MBA from Australia is concerned, the average first-year tuition fee is Rs 22 lakhs and the average living expenses can be up to Rs 7 lakhs. So, the total first-year cost sums up to Rs 29 lakhs.

Student Visa cost for Australia

Student visas to study in Australia may be subdivided into the below-mentioned categories:

  • Student Visa (subclass 500): Base application cost is AUD 630.
  • Student Visa (subsequent entrant): The base application cost is AUD 630.
  • Student Visa (Foreign Affairs or Defence Sector): No Base application cost
  • Student Visa (Postgraduate Research Sector): Base application cost is AUD 630.

MBA Requirements for Australia – Eligibility Criteria

The MBA entry requirements at different universities or schools in Australia are more or less the same. Listed below are the basic eligibility criteria for an MBA course:

  • Candidates should be holding a bachelor’s degree from a recognized institution.
  • A good GMAT or GRE score is mandatory.
  • IELTS (minimum score 7.0 approx.) or TOEFL (minimum score 102 approx.) is required as the English language proficiency proof for non-native English speakers.
  • Personal statement and letter of recommendation.
  • Updated resume with at least two years of work experience.

Work Permit after MBA in Australia

Students who wish to extend their stay in Australia once they’ve completed graduation may apply for a ‘Temporary Graduate Subclass 485’ visa with the help of which they can work for 18 months in Australia. In order to be eligible for Post Study Work Visa, MBA students should have studied for a minimum of 16 months in Australia. Those pursuing 1-year MBA programmes are not eligible for applying for Post Study Work Permit to Australia. Following are the sub-categories of Temporary Graduate Subclass 485:

  • For the Graduate workstream: All the international students who have completed their graduation recently and possess skills that are significant to certain jobs in Australia will need this visa. With its help, you can live, continue further education, and work there for a certain duration.  
  • Post-Study workstream: For fresh graduates holding an Australian institution’s degree. It permits you to study, work or play there temporarily.
  • Second-Post study workstream: Those students who possess a 1st temporary graduate visa and who graduated from an Australian university or school established in a regional area.

MBA Scholarships for Australia

Over 520 scholarships are available in Australia for international students planning to pursue an MBA. Scholarships play a key role in helping those students who are not very high on budget and have difficulty bearing the living expenditure as well as the tuition fee. 

Merit holders and students with academic brilliance can avail many such scholarships which bear their travel costs and study and living expenses. Students can read more about the available scholarships to study in Australia and their details.

MBA Jobs and Salaries for Australia (ROI)

One of the benefits one gets from pursuing an MBA from a globally recognized institution is that the career outcome and pay package offered is worth your hard work and time. The table below displays the first-year tuition fee and average salaries of some of the top Australian MBA schools.

MBA School

First-Year Total Fee

Average Salaries

(source: emolument)

Full-time MBA

University of Melbourne

Rs 59.7 Lakhs

$123,000

Global Executive MBA

University of Sydney

Rs 61.1 Lakhs

$108,000

Full-time MBA

RMIT University, Melbourne

Rs 25.6 Lakhs

$90,000

MBA (International)

Deakin University, Burwood

Rs 31.1 Lakhs

$133,000

Full-time MBA

Monash University

Rs 34.8 Lakhs

$146,443

Top Recruiters for MBA in Australia

University

Top Recruiters

Melbourne Business School

Microsoft | Accenture | Innovior | Australia Post | Deloitte | L’Oreal | GNC Group | Uber Eats | Commonwealth Bank | Johnson&Johnson

Monash Business School

IBM | PwC | Adidas | Deloitte | ANZ | Adecco | Shell | Macquarie | L’Oreal | EY | KPMG | Grant Thornton

UNSW

Virgin Australia | Microsoft | Deloitte | Qantas | Chevron | Apple | RioTinto | Google | Hewlett-Packard | Leighton

University of Queensland

Asia Development Bank | BHP Billiton | Procter and Gamble | CSIRO | Coca-Cola | Thiess | HSBC 

RMIT

Siemens | Amazon | Web Services (AWS) | Boeing | Microsoft | L’Oreal | United Nations | Asia Pacific Economic Corporation | KPMG | PwC | National Australia Bank (NAB) | AusPost | Medibank

Related Reads

Cheapest MBA colleges in Australia

MBA Colleges in Australia that don't require GMAT

Know all about the Best Student Cities in Australia

Permanent Residency (PR) Courses in Australia

MBA in Australia FAQs

In this section, we are going to be talking about the frequently asked questions revolving around pursuing MBA in Australia. Candidates looking for assistance with university admissions can get in touch with our Shiksha Study Abroad Counsellors on our website. 

Q. What is the duration to complete an MBA in Australia?

A. Obtaining an MBA degree in Australia may take anywhere from 16 to 24 months on average. Various specializations are available such as operations, media management, healthcare management, finance, marketing, HR, software management, international business, etc. Students can also opt for a dual degree MBA program where along with MBA they can pursue one more degree in lesser combined time.

Q. What is the entry requirement for an MBA admission in Australian universities?

A. Most of the MBA business schools in Australia demand students possessing a bachelor’s degree with a minimum of 60% marks, with good grades, from a recognized institution. Many, if not all, institutions expect a GMAT score as well. Having good work experience (at least 2-3 years) serves as a bonus, although some universities may admit international students without the same. Also, IELTS or TOEFL score is also required to prove your English language proficiency.

Q. What is a Statement of Purpose (SOP)? Do I need to submit it?

A. Yes, it is mandatory for all the students, irrespective of their nationalities, to submit a statement of purpose (SOP) at the time of admission to Australian universities. An SOP or personal statement should explain your life goals along with a solid reason to apply to the particular institution.

Q. Which are some of the top recruiters that hire MBA graduates from Australia?

A. Students passing out from Australian Universities with an MBA degree have always witnessed strong career outcomes and good placements. Some of the top MNCs/ agencies that have offered lucrative jobs are Coca Cola, IBM, ANZ, Barclays, Amazon, Alphabet, ResMed, EY, BHP Billiton, P&G, HSBC, Macquarie Group, and Commonwealth Bank.

Q. Can the MBA students work part-time and full-time in Australia?

A. Both part-time and full-time work options are available for students pursuing an MBA in Australia. On the basis of your MBA qualification, your post-study work VISA can aid you in working full-time after you graduate. The validity it offers can be between 2-4 years in.

Q. Are there any scholarships available for students planning to pursue an MBA in Australia?

A. Yes, more than 520 scholarships are available for international students who wish to pursue an MBA in Australia. Merit holder students who are not very high on budget and have difficulty bearing the living expenses and tuition fees can apply for a scholarship.

Q. Do students need a visa extension if they want to extend their stay in Australia post-graduation?

A. Those who want to extend their stay in Australia after completing graduation may apply for a ‘Temporary Graduate Subclass 485’ visa with the help of which they can work for 18 months in Australia.

Q. What all test scores are mandatory for admission in Australia?

A. For admission to Australian universities, it is mandatory for students to possess a good GMAT or GRE score. IELTS (minimum score 7.0 approx.) or TOEFL (minimum score 102 approx.) is also required as the English language proficiency proof for non-native English speakers.

Q. What is the average MBA fee for studying in Australia?

A. As far as pursuing an MBA from Australia is concerned, the average first-year tuition fee is Rs 22 lakhs and the average living expenses can be up to Rs 7 lakhs.

Q. What are some of the most sought after MBA specializations in Australia?

A. Some of the popular MBA specializations in Australia are MBAs in e-commerce, Finance, Strategy & Leadership, International Business, Marketing, Human Resource Management, Information Technology, Tourism Management, and Accounting.

Q. What is the benefit of pursuing a dual degree MBA program in Australia?

A. The advantage of pursuing a dual-degree program is that along with your MBA you can pursue another complementary graduate degree in lesser time. So apart from MBA, you can get a degree in education, medicine, engineering, nursing, science, etc.

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