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Ameer Khatri MBA Consultant

MBA in Australia

August 28, 2023

650

Avg. GMAT

28

Avg. Age

AUD 76K

Avg. Cost of Study

24 

Avg. Months Duration 

AUD 104K

Avg. Salary

Table of Contents

Why Study MBA in Australia?

An MBA in Australia offers an appealing mix of academic superiority, cultural variety, and a strong business environment. Famous for its top-notch education system, Australian universities consistently rank among the highest establishments worldwide, providing students with access to outstanding faculty and state-of-the-art resources. Furthermore, pursuing an MBA in Australia allows students to immerse themselves in a multiethnic ambiance, promoting intercultural cooperation and networking opportunities with peers from different backgrounds. The country’s firm connections with the Asia-Pacific region further augment its allure, offering a distinctive standpoint to comprehend global business dynamics. With an emphasis on practical implementation and real-life case studies, Australian MBA programs prepare graduates for leadership positions across various industries, both domestically and internationally.

Things which attract student for MBA in Australia

  • High-quality education: Australian universities are consistently ranked among the best in the world, and their MBA programs are no exception.
  • Accreditation: All Australian MBA programs are accredited by either the Association to Advance Collegiate Schools of Business (AACSB) or the European Quality Improvement System (EQUIS). 
  • Relevance to the Asia-Pacific region: Australia is a major player in the Asia-Pacific region, and its MBA programs reflect this. Many of them offer courses that focus on Asian business and culture, giving students a valuable perspective on this important market.
  • Work opportunities: Australia has a strong economy and a low unemployment rate, making it a great place to find a job after graduation. 
  • Affordability: The cost of living in Australia is relatively low compared to other developed countries, making it an affordable option for international students. 
  • Quality of life: Australia is a beautiful country with a relaxed lifestyle. Students enjoy spending time outdoors, exploring the country’s natural beauty, and participating in a variety of activities.

Duration

Most MBA programs in Australia have a duration of 1.5 to 2 years for full-time students. Part-time and executive programs are also available, which cater to working professionals and have flexible study options.

  • Full Time MBA
  • Part Time MBA
  • Executive MBA

Core Curriculum

MBA programs typically include a combination of core courses and elective subjects. Core courses cover essential business disciplines such as finance, marketing, strategy, operations, and leadership. Elective subjects allow students to specialize in areas of interest or industry-specific domains.

Experiential Learning

Many Australian MBA programs emphasize experiential learning through real-world projects, case studies, internships, and industry placements. These opportunities provide hands-on experience and enable students to apply their knowledge in practical settings.

Program Costs + Living Expenses : MBA in Australia

AUD 50,000 

Avg. Tuition Fee

AUD 25,000

Avg. Living Cost

AUD 950 

Avg. Visa Charges

76,000

Avg. Cost of Study

The average cost of living for an MBA student in Australia ranges from AUD 20,000 to AUD 40,000 per year, depending on the city and lifestyle. The cost of tuition for an MBA program in Australia also varies, but it is generally lower than the cost of MBA programs in the United States or the United Kingdom. The average tuition for an MBA program in Australia is around AUD 50,000 per year.

In addition to tuition and living expenses, international students also need to factor in the cost of visa fees. The cost of a student visa for Australia ranges from AUD 550 to AUD 1,350.

Eligibility Criteria : MBA in Australia

Following are the basic eligibility requirements for top universities in Australia for MBA.

Together, these criteria ensure that prospective students possess the necessary academic background, quantitative skills, and language proficiency to excel in a master’s program in finance at esteemed universities in Australia. 

Applicants must have completed a bachelor’s degree from a recognized university with a minimum GPA of 60%.

Most MBA programs in Australia require applicants to have at least 2-3 years of work experience in a relevant field. However, there are some programs that do not require work experience, or that may accept applicants with less experience if they have other strong qualifications.

Some universities require applicants to take the GMAT or GRE, which are standardized tests that measure analytical, quantitative, and verbal skills. The minimum required score for the GMAT is 650, and the minimum required score for the GRE is 310.

Applicants must demonstrate their proficiency in English through an approved English language test, such as IELTS, TOEFL, or PTE.

Apart from these requirements, there are some additional documents required to study MBA in Australia which include: 

  • Passport or other valid ID
  • Official academic transcripts
  • Work experience certificates
  • English language proficiency test scores (if applicable)
  • GMAT scores (if applicable)
  • Statement of Purpose (SOP)
  • Letters of Recommendation
  • Resume/CV

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Scholarships Available : MBA in Australia

ANU MBA Scholarship

Offered by the Australian National University (ANU), this scholarship covers full tuition fees for the ANU MBA program. It is open to international students with exceptional academic records and leadership potential.

Curtin International Scholarships

Curtin University provides various international scholarships for its MBA program, including the Global Merit Scholarship, Global Leadership Scholarship, and Global Equity Scholarship. These scholarships offer partial tuition fee coverage and additional benefits.

Melbourne Business School-MBA Scholarships

Melbourne Business School offers several scholarships for its MBA program, such as the Melbourne MBA Scholarship, Melbourne MBA Women in Leadership Scholarship, and Melbourne MBA Diversity Scholarship. These scholarships provide partial tuition fee coverage and other advantages.

Monash International Leadership Scholarship

Monash University provides the Monash International Leadership Scholarship for its MBA program, covering full tuition fees and offering additional benefits to eligible students who demonstrate leadership potential

These are just a few examples of the MBA scholarships available in Australia for international students. To find more scholarships, you can visit the websites of universities that offer MBA programs in Australia or conduct online searches for “MBA scholarships in Australia.”

Career Prospects : MBA in Australia

Australia is a popular destination for MBA graduates due to its strong economy, high quality of life, and world-class business schools. Many top companies in Australia are actively recruiting MBA graduates, offering competitive salaries and benefits.

  • McKinsey & Company
  • Boston Consulting Group
  • Bain & Company
  • Deloitte
  • KPMG
  • EY
  • ANZ
  • Westpac
  • NAB
  • Woolworths
85%

Employed within 3 months of graduation

104,000

Avg. Salary

Most Sought-after Jobs

         Management Consultant

Marketing Manager

           Financial Analyst/Manager

Project Manager

         Business Development Manager

    Supply Chain Manager

      Human Resources Manager

Operations Manager

Visa & Stay Prospects : MBA in Australia

There are a few different visa options available to you, depending on your circumstances.

  • Temporary Graduate visa (subclass 485): This visa allows you to stay in Australia for 2 to 4 years after completing your studies. You must have met certain requirements to be eligible for this visa, such as having a valid student visa, graduating from a recognized Australian university, and having a strong English language proficiency.
  • Skills Independent visa (subclass 189): This visa allows you to live and work permanently in Australia. You must meet certain requirements to be eligible for this visa, such as having a skilled occupation in demand in Australia, having a certain level of English language proficiency, and meeting the minimum salary requirements.
  • Skills Regional visa (subclass 190): This visa is similar to the Skills Independent visa, but it is designed for people who are willing to live and work in regional Australia. You must meet the same requirements as the Skills Independent visa, but you will also need to have a job offer from an employer in a regional area.

If you are interested in staying in Australia after completing your MBA, you should speak to a migration agent to discuss your visa options.

Here are some of the factors that will affect your visa eligibility:

  • The length of your MBA program
  • The university where you studied.
  • Your English language proficiency
  • Your job offers (if applicable)
  • Your skills and experience

The Australian government has a points-based system for assessing visa applications. The number of points you need to be eligible for a visa will vary depending on the visa type. However, in general, you will need to have a good academic record, strong English language skills, and relevant work experience.

If you are serious about staying in Australia after completing your MBA, it is important to start planning early. You should research the different visa options available to you and start gathering the necessary documentation. You should also speak to a migration agent to get professional advice on your visa application.

Here are some of the benefits of staying in Australia after completing your MBA:

  • The Australian economy is strong and growing.
  • There is a high demand for skilled workers in Australia.
  • The Australian government offers a number of visa options for international students who want to stay in Australia after graduation.
  • Australia is a safe and multicultural country with a high quality of life.

Top 5 Colleges for MBA in Australia

 

UniversityDetailsSuggested
The University of Queensland

Duration: 1-5 Years

Format: Full-time/ Part – Time

Avg. Working experience: 4 Years

Location: Brisbane

Univ of Queensland MBA

Visa To Study For MBA Abroad

The University of Sydney

Duration: 2-3 Years

Format: Full-time/ Part-Time

Avg. Working experience: NA

Location: Sydney

Univ of Sydney MBA

Highlighting Unique Qualities In MBA LOR

University of Canberra

Duration: 18 months to 24 months

Format: Full-time/Part-Time

Avg. Working experience: Recommended

Location: Canberra

Univ of Canberra MBA

Crafting The Perfect MBA Recommendation Letter

Australian National University

Duration: 1.5 to 6 years

Format: Full-time/Part-Time

Avg. Working experience: 60 Months

Location: Canberra

ANU MBA

7 Tips For Evaluating MBA Profile

University of Wollongong

Duration: 2-5 Years

Format: Full-time/Part-Time

Avg. Working experience: 3 Years

Location: Wollongong

UW MBA

One Year MBA: A Complete Guide

 

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MBA in Australia

The duration of an MBA program in Australia typically ranges from 1 to 2 years. Most universities offer full-time programs that last for around 1.5 years, while part-time options may take up to 2 years to complete. Some institutions also offer accelerated MBA programs that can be completed in 12 to 15 months.

Work experience requirements and GMAT/GRE scores can vary among universities and programs. While some MBA programs in Australia prefer candidates with relevant work experience (usually ranging from 2 to 5 years), others may accept recent graduates without significant work experience. Additionally, some universities may waive the GMAT/GRE requirement based on the applicant’s academic background or work experience.

Australian MBA programs often offer a variety of specializations to cater to diverse career aspirations. Common specializations include Finance, Marketing, Entrepreneurship, Strategy, International Business, and Human Resource Management. Students can choose their area of focus based on their interests and career goals.

Many Australian MBA programs emphasize practical learning and industry exposure. They often include internship opportunities, consulting projects, and real-world case studies to give students hands-on experience in solving business challenges. These experiences help students apply theoretical knowledge to real business situations and build valuable networks with industry professionals.

MBA graduates in Australia enjoy strong career prospects in various industries. With a growing economy and a focus on innovation, there are opportunities in finance, consulting, technology, healthcare, and more. The country’s strong ties to Asia also open doors for international career opportunities. Additionally, Australian MBA alumni often benefit from a supportive alumni network that can assist in job placements and career advancement.

 

What Can We Do For You?

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Application Prep

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Interview Prep

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