MBA in Australia: Top Universities, Admission, Fees & Jobs

MBA in Australia: Top Universities, Fees, Admissions, Scholarships & Jobs

MBA in Australia is a 1-2.5 years program offered across 50+ universities as 75+ internationally recognized programs. According to Australian High Commission in New Delhi, around 20,000 Indian students are pursuing MBA in Australia. International students need a minimum GPA between 50-70% and a GMAT score of over 550 for admission to the program. The universities and business schools in Australia expect a minimum work experience of 2-3 years in relevant fields from the international applicants.

The average cost of studying in the top MBA colleges in Australia is around 88,770 AUD or approximately 47 lakhs INR. To cope up with the financial burden, students can get up to full-ride scholarships to study in Australia from the universities and external donors. After graduation, MBA students of Australian universities earn an average salary of 187,062 AUD (99.43 lakhs INR) per annum. Graduates often get employed to leading companies like Allianz, JP Morgan, Telstra, Barclays, Westpac Banking Corp, Woolworths, HSBC Global Asset Management among others.
Know More: MBA Jobs in Australia

MBA in Australia Course Highlights

Number of Colleges 50+
MBA Types Full time MBA
Part time MBA
Executive MBA
Global MBA and Online MBA
Duration 1-2.5 years
MBA Specializations Marketing, Finance, Accounting, Economics, Investment/ Insurance, International Business, Supply Chain Management, Technology Management, Healthcare Management, Entrepreneurship, Transportation Management, among others
Admission Requirements GPA: 50-70% | GMAT Score: 550+ | Work Experience: 2-3 years in relevant industry
Average Tuition Fee 27,600 up to 100,000 AUD (14.65 to 53.08 lakhs INR)
Average Graduate Salary 187,062 AUD (99.43 lakhs INR)
Graduate Salary Range 85,000 to 305,000 AUD (45.17 lakhs to 1.62 crore INR)
Top Employers Allianz, Woolworths, JP Morgan, Telstra, Barclays, HSBC Global Asset Management, Westpac Banking Corp

Top Colleges for MBA in Australia

Australia is home to 50+ universities offering MBA to international students. Some of the best universities in Australia for MBA are listed below:

University Course Name Application Deadlines
The Australian National University MBA Enrolment for 2023 paused
The University of Melbourne MBA Round 1: November 30, 2022
Round 2: January 30, 2023
Round 3: March 31, 2023
Round 4: May 31, 2023
The University of Sydney MBA Round 1: September 30, 2022 (Closed)
Round 2: November 30, 2022
Round 3: January 31, 2023
Round 4: March 31, 2023
Round 5: April 30, 2023
Final Round: June 25, 2023
The University of New South Wales Sydney MBA Round 1: August 1, 2022 (Closed)
Round 2: September 1, 2022 (Closed)
Round 3: October 1, 2022 (Closed)
Round 4: November 1, 2022 (Closed)
Round 5: December 1, 2022
Round 6: February 1: 2023
The University of Queensland MBA October 31, 2022 (Closed)
Monash University MBA Round 1: April 30, 2022 (Closed)
Round 2: June 30, 2022 (Closed)
Round 3: August 20, 2022 (Closed)
The University of Western Australia Business School MBA Trimester 1: January 2, 2023
The University of Adelaide MBA Trimester 1: December 5, 2022 
Trimester 2: March 27, 2023
Trimester 3: July 10, 2023

Why Study MBA in Australia?

An MBA degree from Australia is valued across the globe. With around 75 internationally recognized MBA programs, Australia promises a glorious career after pursuing an MBA degree. Some of the key factors attracting international students to study MBA in Australia are as follows:

  • Accreditation: Currently, several universities in Australia are accredited by AACSB and EQUIS. This also includes some of the globally ranked universities according to QS, THE and other esteemed ranking agencies.
  • Internship Opportunities: A majority of the universities offering MBA in Australia allow students to earn professional experience in local or international companies through internships. Internships in Australia are available throughout the year and across the country.
    Read More: Part Time Jobs in Australia
  • Affordability: The MBA courses in Australia are comparatively inexpensive (10-27 lakhs INR per annum) compared to the degrees from UK or US universities. The reasonable cost and scholarship opportunities make the program attractive.
  • MBA Market: The Australian MBA market is worth over 500 million AUD. This ensures a surplus of job opportunities across top international employers.
  • Multicultural Environment: India is the second highest contributor of international students (9.78%) in Australia after China. The vibrant culture in the Australian universities is an additional advantage for international students.

MBA in Australia: Application Deadlines

Most of the top universities in Australia encourage students to apply for the MBA program in the Spring (February to June) and Summer (July to November) term. Indian students should start preparing 1 year before the deadline for admission to their desired university. Some of the top universities and their application deadlines are as follows:

University Program MBA Application Dates and Deadline
The University of Melbourne MBA Round 1: November 30, 2022 | Round 2: January 30, 2023 | Round 3: March 31, 2023 | Round 4: May 31, 2023
The University of Queensland MBA October 31, 2022
Monash University MBA Round 1: April 30, 2022 (Now closed)  | Round 2: June 30, 2022 (Now closed) | Round 3: August 20, 2022 (Now closed)
The Australian National University MBA Round 1: June 30, 2022 (Now Closed) | Round 2: October 30, 2022
The University of Sydney MBA Round 1: September 30, 2022 | Round 2: November 30, 2022 | Round 3: January 31, 2023 | Round 4: March 31, 2023 | Round 5: April 30, 2023 | Round 6: June 25, 2023
The University of New South Wales Sydney MBA Round 1: August 1, 2022 | Round 2: September 1, 2022 | Round 3: October 1, 2022 | Round 4: November 1, 2022 | Round 5: December 1, 2022 | Round 6: February 1, 2023
The University of Western Australia Business School MBA December 4, 2022
The University of Adelaide MBA Trimester 1: December 5, 2022 | Trimester 2: March 27, 2023 | Trimester 3: July 10, 2023
University of Technology Sydney MBA November 3, 2022
RMIT University MBA Semester 1: Applications Open | Semester 2: Opens on May 1, 2023
University of Newcastle MBA Semester 1: February 5, 2023 | Semester 2: July 2, 2023 | Winter: May 28, 2023
Macquarie Graduate School of Management MBA Term 1: December 5, 2022 | Term 2: March 13, 2023 | Term 3: May 29, 2023 | Term 4: August 21, 2023
Victoria University MBA September 2023 intake: April 30, 2023
La Trobe University MBA Term 1: January 8, 2023 | Term 2: February 19, 2023 | Term 3: April 16, 2023

MBA in Australia Admission Requirements

The general admission requirements for MBA in Australia are tabulated below:

Degrees/ Transcripts 16 years of education, official academic transcripts of undergraduate program
GPA 4.5 on a scale of 7.0 (50-60%)
GMAT Score 550
LOR 2 LORs
SOP/ Essay 300-500 words SOP
English Proficiency Test Score IELTS Score of 6.5 or equivalent
Professional Experience Minimum 2-3 years of relevant post-degree work experience
CV/ Resume Updated CV

The MBA admission requirements of the top universities in Australia is provided in the following table:

University GPA GMAT Score References Work Experience
The Australian National University 5.0 on a 7.0 scale (60-69%) 600 - 5 years, with 3 years of documented management experience
The University of Melbourne No bar 695 or higher Name and contact details (confidential) of 2 professional referees 2 years of professional experience
The University of Sydney 65% 500 (600 recommended) - 3 years of relevant work experience
The University of New South Wales Sydney An undergraduate degree (no minimum GPA) 650+ Successful work history 2 years of work experience
The University of Queensland 4.5 on a 7.0 scale (60-65%) 550 - 4 years of full-time post graduation work experience, 2 years in a dedicated management role
Monash University Australian Bachelor’s degree or equivalent Not required Contact details from 2 professional referees 3 years of work experience with 1 year of managerial experience
The University of Western Australia Business School 50% 650 2 referee reports 3 years of relevant documented professional experience
The University of Adelaide Bachelor’s degree (no minimum GPA) 650 - 2 years of relevant work experience

MBA in Australia Fees

The cost of studying MBA in Australia widely varies from 27,600 to 100,000 AUD (14.65 to 53.08 lakhs INR). The cost of studying MBA in Australia across some of the top universities is provided below:

University Tuition Fees (AUD) Tuition Fees for Indian Students (INR)
The Australian National University 40,992 21.71 lakhs
The University of Sydney 54,000 28.59 lakhs
Deakin University 61,416 32.52 lakhs
The University of Western Australia 64,200 34 lakhs
The University of Queensland 84,648 44.82 lakhs
The University of Melbourne 99,630 52.75 lakhs
Monash University 100,000 52.94 lakhs

Know More: MBA in Australia Admissions

The cost of MBA in Australia across the top universities is represented graphically below:

MBA in Australia Fees

Cost of Living in Australia

The cost of living in Australia ranges from 18,000 to 46,080 AUD (9 to 25 lakhs INR) based on accommodation type, location and personal lifestyle. A breakdown of the cost of living in Australia is provided in the following table:

Expense Type Average Annual Expense (AUD) Cost Equivalent (INR)
On Campus Accommodation 5,280 to 13,440 4.3 to 11 lakhs
Off Campus Accommodation 8,880 to 21,120 7.3 to 17.3 lakhs
Phone and Internet 720 to 1,440 38,000 to 76,000
Groceries 6,720 to 13,440 3.5 to 11 lakhs
Public Transport 1,440 to 2,880 76,000 to 1.5 lakhs
Miscellaneous 3,840 to 7,200 2 to 3.8 lakhs
Total 18,000 to 46,080 9.56 to 24.47 lakhs (approx.)

MBA in Australia Scholarships

International students pursuing MBA in Australia can fund their expenses with numerous scholarships for international students in Australia. Check Out: Popular Scholarships to Study in AustraliaSome of the most popular MBA scholarships in Australia are listed in the table below:

University/ School / College Scholarship Eligibility Award Value
Monash Business School Monash MBA International Women in Leadership Scholarship Full time international student, Weighted Average Mark (WAM) of 70 per semester to retain 100% course fees; invitation for Monash Minds, a leadership program, participation in various marketing, recruitment and promotional events
Melbourne Business School Kraft Heinz Scholarship Full time and part time MBA applicants, applying by November 30, 2022 5 awards, 12,000 AUD each
Melbourne Business School MBS Scholarships Students pursuing Full-time MBA, Executive MBA, Senior Executive MBA Variable
Melbourne Business School Diversity Excellence Scholarships Full time MBA students applying by May 31, 2023 50,000 AUD
Adelaide Business School Adelaide MBA Scholarships Formal application for entry into the full time Adelaide MBA program Tuition fees for minimum number of courses
University of Sydney UOW Postgraduate Academic Excellence Scholarship International student with at least 75% overall score 30% tuition fee
University of Sydney UN Women NC MBA Scholarships in Australia Students eligible for admission to the part time MBA Full ride, 60,000+ AUD

Note: Majority of the universities in Australia offer various scholarships for international students. You can also find a plethora of external scholarships and loans to study in Australia from individuals or organizations.

MBA in Australia Placements

The universities in Australia ensure a decent return on investment to the MBA students. Some of the common professions after MBA in Australia and their respective salaries according to Payscale are as follows:

Profession Average Salary (AUD) Salary Equivalent (INR)
Accountant 65,000 34.54 lakhs
Business Development Manager 90,000 47.82 lakhs
Marketing Manager 91,000 48.35 lakhs
Operations Manager 104,000 55.26 lakhs
Project Manager 109,000 57.92 lakhs
Finance Manager 102,000 54.20 lakhs
Senior Business Analyst 111,000 58.98 lakhs
Human Resource Manager 104,146 55.33 lakhs
Regional Sales Manager 114,000 60.56 lakhs

Also Check: Job Opportunities in Australia for International Students

MBA in Australia Return on Investment

Universities in Australia provide excellent return on investment to MBA graduates. A comparison of the annual tuition fees and average annual salary after graduation across the top universities in Australia is provided in the following table:

University/ School / College Annual Tuition Cost (AUD) Average MBA Graduate Salary (AUD)
The Australian National University 40,992 128,000
The University of Melbourne 99,630 174,000
The University of Sydney 53,250 150,000
The University of New South Wales Sydney 78,480 146,000
The University of Queensland 84,648 130,000
The University of Western Australia 64,200 180,000
RMIT University 48,000 106,000
University of Newcastle 27,600 136,000
Deakin University 31,600 180,000
Victoria University 54,410 150,000

Check: Best Student Cities in Australia

MBA Specializations in Australia

Australian universities offering MBA provide numerous specializations for the program. Following are some of the popular specialization courses and universities offering those programs.

Specialization University
Marketing Melbourne Business School | Deakin Business School | Bond University | University of Tasmania | University of Canberra | University of South Australia
Finance University of Tasmania | Western Sydney University | Curtin University | Victoria University | University of South Australia
International Business The University of Sydney | University of Newcastle
Entrepreneurship University of Melbourne | University of Technology Sydney | University of Melbourne | Queensland University of Technology | Western Sydney University
Healthcare Management Deakin Business School | University of Adelaide | Australia Institute of Business and Technology
Accounting University of Technology Sydney | Queensland University of Technology | Deakin UniversityUniversity of Tasmania | University of Southern Queensland

MBA in Australia College Comparison

MBA in the top ranked universities in Australia are some of the most advantageous courses in the world. A brief comparison between some of the top universities in Australia offering MBA is provided below:

Particulars The Australian National University University of Melbourne The University of Sydney
QS World Rankings, 2023 #30 #33 #41
Tuition Fee 40,992 AUD (21.75 lakhs INR) 99,630 AUD (52.61 lakhs INR) 54,000 AUD (28.52 lakhs INR)
GPA 5.0 on a 7.0 scale (60-69%) No bar 65%
GMAT Score 600 695 500 (600 recommended)
IELTS Score 6.5 (6.0 band score) 6.5 (6.0 band score) 6.5 (6.0 band score)
LORs Not mandatory Name and contact details of 2 professional referees (confidential) Not mandatory
Work Experience 5 years, with 3 years of documented management experience 2 years of relevant experience 3 years of relevant experience
Average Graduate Salary 128,000 AUD (68.01 lakhs INR) 174,000 AUD (92.45 lakhs INR) 150,000 AUD (79.7 lakhs INR)

Australia is one of the prime locations for international students to study MBA. All the Australian universities are AACSB, AMBA or EQUIS accredited, offering degrees recognized around the world. With an MBA market worth over 500 million AUD, students are promised a shining career after completing an MBA in Australia.

People Also Ask

Ques. How much does an MBA cost in Australia?

Ans. The average cost of studying MBA in Australia is 47 lakhs INR. The cost of MBA in Australia ranges from 10-27 lakhs INR per year across various universities. Students can waive off these expenses with merit based scholarships covering up to full tuition fees.

Ques. Is an MBA worth it in Australia?

Ans. MBA in Australia is offered through AACSB, AMBA or EQUIS accredited universities. While the cost of studying an MBA in Australia ranges up to 65 lakhs INR, the high return on investment justifies the expenses.

Ques. Is MBA in Australia in demand?

Ans. The strong demand of the MBA graduates from Australian universities across top employers makes it an in-demand program. Currently, MBA graduates in Australia typically earn an average salary of 104,000 AUD per year.

Ques. Can I get PR after MBA in Australia?

Ans. Indian students might be eligible to work, stay and pursue higher education after MBA with a PR. Students need to satisfy the General Skilled Migration rules to avail the Australian PR.

Ques. Can I study MBA in Australia for free?

Ans. Full ride scholarships for international students are rare, but available to pursue MBA in Australia. You can expect partial awards and stipulated amounts of merit based scholarships with demonstration of academic excellence.

Ques. How long is an MBA in Australia?

Ans. MBA in Australia is typically a 2 to 2.5 years program. The accelerated MBA programs in Australia conclude within 1-1.5 years.

Ques. Which MBA course is in demand in Australia?

Ans. MBA in International Business is one of the most popular MBA specializations in Australia. Marketing, Finance, Human resource, Entrepreneurships, and Economics are some of the equally important MBA specializations in Australia.

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