MBA in Australia : A Step-By-Step Complete Guide
MBA is the most demanding course, not only in Australia but in the entire world. Students get a number of career opportunities and that too in the top organizations after completing their MBA. Well, the country students choose to pursue an MBA study program is none other than Australia.
The top universities in Australia are known for delivering excellent education, amazing learning experience, modern learning resources and everything that can help students advance their knowledge and skills. So, if you want to know more about pursuing MBA in Australia, make sure to read this article with complete attention because we have covered each and every point that can help you attain every sort of information about an MBA in Australia.
| Table of Contents |
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1. Why study MBA in Australia? 2. Highlights of Studying MBA in Australia 10. FAQs 11. Conclusion |
Why study MBA in Australia?
Before we delve deep into the details of studying MBA in Australia, let’s first understand what are the reasons for pursuing an MBA in Australia. We have listed some pointers that will make it clear why students move to Australia to pursue an MBA degree:
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Globally ranked universities: Many universities in Australia have achieved a top rank in the entire world for various MBA programs. If you get a chance to study at a globally ranked university, it will help you a lot to develop a better career.
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No requirement for GMAT scores: You might not be aware of but we want to let you know that many universities in GMAT don’t require GMAT scores to take admission to an MBA study program. This way, you do not need to appear for this complex exam.
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Multicultural environment: Students from all over the world come to Australia to attain top-quality education. Hence, you will get a chance to meet students from different cultures and traditions which will help you experience a multicultural environment.
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Work and study: As we all know that the fee for MBA is quite expensive. In Australia, you will get a chance to do a part-time job to earn and manage your finances. This way, the fee will not pressurize you more and you can easily manage the cost of various things.
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Employment opportunities: After completing an MBA study program, students can get various job opportunities in Australia which will help them make a shining future.
Highlights of Studying MBA in Australia
Let’s have a quick overview of studying for an MBA in Australia and get an idea of the cost, duration, tuition fee, average salary and a lot more about an MBA in Australia.
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The number of universities offering MBA in Australia |
More than 30 |
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Course duration for MBA |
2 years |
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Average annual fee |
54,000 - 55,000 (in AUD) |
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Course type |
Full time, Part Time, Online |
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Availability of internship and placement opportunities |
yes |
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Requirements for MBA in Australia |
Bachelor’s, GMAT(in case of some universities), IELTS/TOEFL/PTE, work experience |
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Types of MBA in Australia |
General MBA, MBA Executive, MBA with specialization |
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Average Salary |
95,000 - 98,000 (in AUD) |
MBA Courses in Australia
Well, MBA is of different kinds. Therefore, different types of MBA courses are offered by universities in Australia. The list of MBA courses in Australia is given below. You can go through the list carefully and choose a course that suits your interest.
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MBA in Finance
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MBA in IT
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MBA in E-commerce
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MBA in Marketing
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MBA in Human Resource Management
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MBA in Tourism Management
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MBA in International Business
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MBA in Strategy and Leadership
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MBA in Accounting
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MBA in Banking
Top Universities for MBA in Australia
After choosing an MBA course you want to pursue, the next important task is to choose the university where you can receive an excellent education. So, here is the list of the top universities for an MBA in Australia where you can follow your dreams:
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The University of Melbourne
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University of New South Wales
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Monash University
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The University of Queensland
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Australian National University
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La Trobe University
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Victoria University
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RMIT University
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The University of Sydney
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UWA Business School
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The University of Newcastle
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Deakin University
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James Cook University
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The University of Canberra
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Bond University
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Curtin University
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Charles Darwin University
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The University of Tasmania
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Western Sydney University
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Charles Sturt University
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The University of New England
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Flinders University
Cost of Studying an MBA in Australia
The cost of studying an MBA in Australia varies for different universities. Well, the estimated cost of studying for an MBA in Australia is given in the underneath table:
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University |
Estimated average fee (in AUD) |
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The University of Melbourne |
$126,000 |
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University of New South Wales |
$66,600 - $67,560 |
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Monash University |
$100,000 |
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The University of Queensland |
$88,808 |
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Australian National University |
$50,000 - $81,400 |
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La Trobe University |
$43,000 - $55,000 |
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Victoria University |
$47,980 - $64,340 |
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RMIT University |
$50,001 -$60,000 |
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The University of Sydney |
$66,750 - $78,750 |
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UWA Business School |
$64,200 |
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The University of Newcastle |
$40,990 |
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Deakin University |
$64,472 |
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James Cook University |
$47,400 |
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The University of Canberra |
$46,395 |
Major Requirements to Study MBA in Australia
So, what is required to study in Australia? Is there any test that students need to take before getting admission to an MBA program in Australia? Which documents are required to study MBA in Australia? What are the major requirements to be eligible to study an MBA in Australia? If you are also looking for answers to these questions, make sure to read the pointers given below. These pointers will give the entire information regarding the major requirements of pursuing an MBA in Australia.
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Scores in Language Proficiency test: Candidates need to achieve the desired scores in the English language proficiency test. The tests that are accepted by Australia are IELTS, PTE and TOEFL.
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Work experience: Students who aspire to pursue an MBA in Australia should have prior work experience in the relevant field. Although having work experience of 2-3 years isn’t compulsory, it will be beneficial for candidates.
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Bachelor’s degree: It is a mandatory requirement. Students who have a bachelor's degree can apply for an MBA in Australia but without a Bachelor’s degree, getting admission to an MBA program is impossible.
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GMAT scores: For some universities, it is highly required to achieve a good score in the GMAT exam, while for some universities, it is not mandatory. So, you need to check whether the university you are going to apply to requires GMAT scores or not.
Other Requirements to Study MBA in Australia
So, apart from the major requirements, what are the other requirements to study an MBA in Australia? The other requirements are mentioned below:
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Passport size photos
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Academic transcripts
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Scores in English language proficiency test
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Letter of Recommendation
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Statement of Purpose
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Updated CV
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Proof of scores in GMAT
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Evidence of financial funds
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Application form
Intakes for MBA in Australia
The two intakes to study an MBA in Australia are given below and you need to ensure that you apply before the deadline. Otherwise, you won’t be able to get a visa for the desired intake.
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February Intake
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July Intake
How to Apply for MBA in Australia?
So, the major question is ‘How to apply for an MBA in Australia?’. The answer is given in the steps mentioned below:
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Choose an MBA program you want to pursue.
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Look for the universities that offer the MBA program you want to pursue and choose the best business school.
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Check the eligibility requirements and make sure to fulfill all the requirements such as documents, IELTS scores, GMAT scores and so on.
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Check the deadline and apply for the university.
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Wait for the offer letter and arrange the finances in advance.
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After receiving an offer letter, apply for a student visa by consulting with the best consultants.
FAQs
Ques 1) Is the GMAT test mandatory for MBA in Australia?
Ans) The GMAT test is required by some universities, while it is not mandatory for others.
Ques 2) Is PTE accepted to study an MBA in Australia?
Ans) Yes, PTE is accepted to study an MBA in Australia.
Ques 3) What are the intakes to study an MBA in Australia?
Ans) February and July are the two intakes to study an MBA in Australia.
Ques 4) What are the different types of MBA in Australia?
Ans) The different types of MBA in Australia are General MBA, MBA Executive, and MBA with specialization.
Conclusion
To recapitulate, this was all the information that is crucial to know about an MBA in Australia. We hope this blog will help you choose the right study program and the best university to make your future bright and get prolific opportunities in the future. IBT Overseas is a leading team of Australian student visa consultants, help students in visa filing process.
