Top Business Schools in Australia: Fees, Programs, Eligibility, Scholarships and Scope

Australia is one of the top five most popular study destinations for international students. Quality of education, cultural diversity, high-end research opportunities along blooming career prospects has led to remarkable growth in the number of international students in the last few years. A major portion of these students was enrolled in business schools in Australia. Also, the international student proportion in top b-schools of Australia like Melbourne Business School, UQ Business School had increased from 20-22% to 28-30% in the last 2 years.

• Online MBA programs are highly accredited in Australia, Australian Graduate School of Management,  University of New South Wales Business School feature in top 10 online MBA programs in the world. 
• Moving on to the employment statistics, International Student Data reported that the number of international employees had a significant rise of 3.7% in 2020 in the field of business.
• The global acceptance of Australian business degrees coupled with the moderate cost of living in Australia and the higher employment statistics make the business courses the most preferred courses among international students.

If you are planning to study abroad and Australia is your preferred destination, below given are details of Business programs at undergraduate, postgraduate, and doctoral level:

Top B-Schools in Australia

One can be spoiled for choices when it comes to picking up colleges for higher education in Australia due to the number of choices available. Rankings can help narrow down university options.  According to the QS ranking, the following are the top business colleges in Australia. Check out the table to know the number of courses offered in these globally ranked business colleges:

It has to be noted that all these colleges have over 50% of international students and above 90% of the students, studying any master's degree course got employed post 3 months of the course completion.

Business Schools in Australia: Specializations and Degree Type 

A student can get so many specializations in business to select from in Australian universities that gives strong support in their career. Among all the specializations business courses, the following ones are the most preferred among international students:

Business Schools in Australia: Undergraduate Programs

Bachelor's in business from Australia is much popular among international students who are willing to go for business development and business operations/management. A student with a bachelor's degree can earn 24% more salary than certificate or diploma holders.

Following are popular business colleges in Australia offering bachelors program:

BBA from Australia offers a job as a Marketing Communications Co-coordinator, Investment Banker, Data Analyst, Financial Adviser and lots of others.

Duration of Undergraduate Programs in Business Schools of Australia

Bachelors degree in Australia will occupy 3-4 years in general. A student can complete this within a duration of 6-8 years if required. However, the duration of the honors courses is 1 year.

Fees and Scholarships for Undergraduate Programs in Business Schools of Australia

Yearly fees of bachelors course in business ranges from 30,000 to 42,000 AUD. There are government as well as university-specific scholarships for international students. These scholarship amounts are expected to reduce the tuition and accommodation charges to half!

Admission Process for Undergraduate Programs in Business Schools of Australia

Check the following sections thoroughly for admission requirements of popular Australian universities offering bachelors in business:

Intake Season:

The start date of admission varies, but it is around February start to mid. For specific details, a student needs to check the university website thoroughly.

Eligibility Criteria:

A student applying for the bachelor courses must have qualified the following exams to study in Australia: 

• Studies English and maths as compulsory subjects in the boards.
• 75% or above score in the board finals.
• Qualifying or above marks in IELTS (6.5), TOEFL IBT (79), TOEFL PBT (570), Pearson’s (58), BE (4+), and CES (176).
• Qualify the university-specific entrance exam.

A diploma or a certificate holder will get the added advantage. In addition, the eligibility criteria vary depending on the universities the students opt for.

Required Documents for Admission:

• Mark sheet and certificate from the board
• LOR
• SOP to study in Australia

Business Schools in Australia: Postgraduate Programs

Masters in Business programs in Australia have strong connections with developing markets of South East Asia. They are competitive as well as they require a strong analytical background and often work experience. A student can directly get the responsibility of project handling or strategic management under the supervisors within 3 months of completing their master's degree courses. The salary of the Assistant Project managers has seen a hike in recent years from 18% to 26%.

Following are the best postgraduate programs an international student can go for:

A student with an MBA from Australia is eligible for the Global Experiences Expo, Networking events, Wealth management analyst, Asset management trainee and more.

Duration of Postgraduate Programs in Business Schools of Australia

Most of the masters in business programs are of 1 to 2 year duration in Australia which is known for hosting a lot of international students. The master's degree programs in Australia are designed to be completed within a span of 2 years maximum. For the students willing for the past time master's degree programs, they have the opportunity to extend it to 2.5 years maximum.

Fees and Scholarship for Postgraduate Programs in Business Schools of Australia

The average fee of the master's degree courses varies based on the specializations.

• In general, a student willing to complete a master's degree course in Australia needs to spend 30,000-50,000 AUD on an average a year.
• Also, there are universities, offering more than one specializations (like applied finance, professional accounting, and information system) in the master's degree programs and naturally, the course fee and duration are much above compared to the rest.
• There are university-specific scholarships for international students with academic excellence that bear the entire expense of the student including tuition fees, books, accommodation, medical and travel expenses.
• The Department of Immigration and Border Protection issues financial requirements that a student must meet to acquire a Visa. The annual living cost in Australia comes around $19,830.

Admission Process for Postgraduate Degree in Business Schools of Australia

Admission requirements may vary, but to help the candidates, the following are the general guidelines.

Intake Season:

A student needs to apply through the online form in the university portal by the end of February. Some universities invite applications during July as well for the next semester. UNSW accepts the applications thrice a year: February, June, and September.

It means a student has to plan and keep track of the university website to get enrolled in the desired program.

Eligibility Criteria:

A student needs to

• Hold a bachelor degree in the relevant field with a score of 75% or up
• Fulfill the university-specific entrance exam requirement
• A major in mathematics or statistics
• Work experience with financial responsibilities (university-specific)
• Qualifying score in English language proficiency test just like the bachelors

Required Documents:

At the time of admission, a student needs to carry

• All the academic documents of bachelors, diploma and certificate courses
• Letter of recommendation
• SOP for MS in Australia
• CV
• Proof of work experience including the documents of project worked on (if applicable)

Business Schools in Australia: Doctoral Programs

For students willing for the position of independent business professional or independent project manager, a doctorate degree is a must. They are welcomed with near about 7-8% more salary compared to the master degree holders in different job sectors. The best universities that offer the doctorate degree are the following ones:

It is beyond mention that the doctorate business programs from Australian universities are worth shaping the career of the students largely with a satisfactory career at the end of the course. With the learning outcomes of project management, strategic management, business planning and a thorough idea of business analytics take the students some steps ahead to others.

Candidates with a doctorate degree are eligible for handling projects solely in different MNCs.

Duration of Doctoral Programs in Business Schools of Australia

Duration of the doctorate courses in business is generally 3 to 4 years. It is based on the time needed to complete the research paper including the fieldwork.

Fees and Scholarships for Doctoral Programs in Business Schools of Australia

Yearly charges of the doctorate courses vary based on the specializations selected. Just like the master's degree courses, the annual course fee increases by 10-15% if a student chooses to complete the course in part-time. Generally, a student has to spend 30,000 AUD to 100,000 AUD to receive a doctorate degree.

Australia has always been very lenient when it comes to education and all the universities mentioned above have different scholarships for international students.

Admission Process for Doctoral Degree in Business Schools of Australia

Check the following sections to be prepared for the admissions:

Intake Season:

The start date of application in the doctorate business courses is February in almost all the universities. There are a few colleges and universities with two or more sessions for the doctorate courses. Students can get admission in July there.

Eligibility Criteria:

Students willing for the doctorate degree in business should have:

• Completed bachelor and master degree on the relevant field with 75% or above score or
• A double bachelor degree in a similar field or 
• 4 years bachelor degree with an upper second class score
• The ability to conduct independent research on the approved proposal
• Qualifying score in English language proficiency tests
• Work experience with the ability to handle a project

Required Documents:

During the admission, the students must carry

• All the academic documents
• LOR
• SOP
• CV
• Certificate of work experience showing the evidence of project handling under a senior project manager
• Approved proposal

Scholarships for Business Schools of Australia

The international students with academic excellence are given support from the Australian government as well as the top business colleges to continue their studies. Here are a few scholarships and loans for international students in Australia:

Scope after Studying in Business Schools of Australia

Any degree in business can be lucrative to candidates to achieve a satisfactory position in the 21st-century business market. Among all the fields, business planning and business analytics seemed to receive the greatest hike of approximately 11% last year which is higher than most others.

A business professional in Australia earns 69,800 AUD to 163,000 AUD per year based on the qualification and experience of the candidate. Compared to a diploma holder, a candidate with a bachelor's degree is offered 24% more salary in Australia. With a master's degree, one can earn 29% more than the bachelor's and doctorates earn 23% more in the equivalent field.

Checkout Work Visa requirements for international students in Australia

In the cities like Brisbane, Gold coast, business professionals receive 112,000 AUD to 119,000 AUD salary on an average per annum. The table below shows the post wise annual salaries of the candidates:

The salary of the business professionals has seen a constant hike post 2015 and that too is not limited to only 5%. Qualified candidates have always received a decent salary in Australia that is also a reason behind the double-digit growth in the number of international students last year.

Work Permit in Australia: International students on a valid visa can work upto 20 hours per week while session is ongoing.  There is no restrictions on the number of hours an international student can work during vacations.

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