Study in Australia: Top 10 universities for MBA

Australia ranks highly among MBA study destinations due to its affordable tuition fees and diverse program offerings in leading business schools. Below are the top 10 universities for MBA programs in Australia.

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Why study an MBA in Australia?

·  MBA Rankings: Australian universities, such as Melbourne Business School, UNSW, and Macquarie Business School, are highly ranked on the global MBA rankings.

·  Study Options: Australia offers flexibility with full-time and part-time MBA programs, catering to students' convenience.

·  Career Enhancement: MBA courses in Australia address diverse career needs, whether it's advancing to managerial roles or honing leadership skills.

·  Industry-Relevant Curriculum: Australian MBA programs align with current industry requirements, ensuring graduates are well-prepared for their roles.

·  Global Recognition: An MBA degree from Australia holds international value, with many universities accredited by AACSB and EQUIS.

·  Internship Opportunities: Australia provides year-round internships, allowing students to gain professional experience.

·  Affordability: MBA courses in Australia are cost-effective compared to those in the UK or US.

·  Lucrative MBA Market: Australia's MBA market offers abundant job prospects, valued at over 500 million AUD.

·  Multicultural Environment: Australian universities host a vibrant multicultural environment, attracting students worldwide.

Top 10 universities to study MBA in Australia

University of Melbourne, Melbourne Business School

The Melbourne Business School at the University of Melbourne stands out as a premier business school in Australia. It offers a hands-on business education in a dynamic city setting. The MBA program, recognized as Australia's best by The Economist, provides a comprehensive learning experience tailored to real-world scenarios. It ranks among the top business schools in Melbourne.

·  QS Global MBA Ranking 2022: 26

·  Location: Victoria, Australia

·  University Type: Public

·  MBA Programs Offered:

Full-Time MBA

Part-Time MBA

Executive MBA

Senior Executive MBA

·  Average Fees Per Year (as of June 2022): $46,000–$51,000

Eligibility requirement

·  12th-grade qualification with no specific cutoff mentioned

·  A bachelor's degree from a recognized tertiary institution is typically a minimum of 3 or 4 years in duration.

·  English language proficiency is demonstrated through scores like:

TOEFL: 102/120

GMAT: 560/800

PTE: 65/90

IELTS: 7/9

GRE: 310/340

·  A minimum of 24 months of work experience

University of New South Wales, UNSW Business School

The Australian Graduate School of Management at the University of New South Wales is renowned for preparing students for leadership roles in business and government. It's among Australia's top business schools, offering MBA programs that blend traditional and experiential learning to enhance decision-making skills.

Key details about the Australian Graduate School of Management:

·  QS Global MBA Ranking 2022: 35

·  Location: Sydney

·  University Type: Public

·  MBA Programs Offered: Full-Time MBA, Executive MBA, MBAX, LLM MBA (Law)

·  Average Annual Fees (as of June 2022): $37,000–$39,000

Eligibility Requirements:

To be eligible for an MBA at this school, you typically need:

·  12th-grade qualification with no specific cutoff mentioned

·  A minimum 2:2 honours degree from a UK university or a recognized international equivalent qualification

·  An IELTS score of 6/9 demonstrates English language proficiency.

Monash University, Monash Business School

Monash University, known for its esteemed reputation in Australia, offers MBA programs that stand out for their innovative features, such as consulting projects, experiential modules, and international industry engagement opportunities.

Key details about Monash Business School:

·  QS Global MBA Ranking 2022: 73

·  Location: Melbourne

·  University Type: Public

·  MBA Programs Offered: The Monash MBA, Global Executive MBA, MBA Digital

·  Average annual fees (as of June 2022): $46,000–$59,000

Eligibility Requirements:

To qualify for an MBA at Monash University, the typical criteria include:

·  There is no specific cutoff for 12th-grade qualification.

·  Graduation requirement with no specific cutoff; applicants should have a bachelor’s degree or equivalent.

·  No specific post-graduation cutoff was mentioned.

·  minimum of 36 months of work experience.

·  English language proficiency is demonstrated through TOEFL (79/120), PTE (58/90), or IELTS (6.5/9) scores.

·  The English Language Proficiency (ELP) requirement can be waived if applicants have a satisfactory performance in an English subject in Year 12 or equivalent, or have studied in an institution where English is the primary language of instruction and assessment for the entire institution.

Macquarie University—Macquarie Business School

Macquarie University's business school offers MBA and Global MBA programs designed to equip students with the essential skills to navigate the complexities of a dynamic global economy.

Key Details about Macquarie Business School:

·  QS Global MBA Ranking 2022: 84

·  Location: Sydney

·  University Type: Public

·  MBA Programs Offered: MBA, Global MBA

·  Average annual fees (as of June 2022): $39,600

Eligibility Requirements:

To be eligible for an MBA degree at Macquarie University, applicants typically need to meet the following criteria:

·  No specific cutoff was mentioned for 12th-grade qualification.

·  Graduation requirement with a minimum of 60%, and applicants must hold an AQF level 7 bachelor’s qualification or a recognized equivalent with a WAM of 65 (or 60% for Indian students, considered first class).

·  minimum of 36 months of work experience.

·  English language proficiency is demonstrated through TOEFL (94/120), PTE (65/90), or IELTS (7/9) scores.

University of Queensland, UQ Business School

UQ Business School, situated in the heart of Brisbane, holds a prestigious position in the global MBA rankings. It has consistently been ranked number one by The Economist for five consecutive years, making it a standout choice for international students seeking top-notch business education in Australia.

UQ Business School, students gain the knowledge and skills necessary to tackle complex business challenges effectively. Here are some essential details:

Key details about UQ Business School:

·  QS Global MBA Ranking 2022: 94

·  Location: Brisbane

·  University Type: Public

·  MBA Programs Offered: MBA

·  Average Annual Fees (as of June 2022): $43,200

Eligibility Requirements:

To be eligible for the MBA program at the University of Queensland, applicants typically need to meet the following criteria:

·  No specific cutoff was mentioned for 12th-grade qualification.

·  The graduation requirement includes a minimum CGPA of 4.5.

·  Demonstration of English language proficiency through TOEFL (87/120), GMAT (550/800), PTE (64/90), or IELTS (6.5/9) scores

University of Western Australia, UWA Business School

The UWA Business School, part of the University of Western Australia located in Perth, offers a flexible and intensive MBA program. This MBA program equips students with the skills, knowledge, and global networks necessary to excel in senior leadership roles within the business world.

The UWA Business School boasts prestigious accreditations, including EQUIS, AACSB, and UNPRME, underscoring its commitment to providing a high-quality business education. Here are more details:

Key details about UWA Business School:

·  QS Global MBA Ranking 2022: 111–120

·  Location: Perth

·  University Type: Public

·  MBA Programs Offered: MBA Intensive, MBA Flexible

·  Average annual fees (as of June 2022): $32,100–$38,700

Eligibility Requirements:

To meet the eligibility criteria for UWA Business School's MBA programs, applicants generally need to fulfill the following requirements:

·  No specific cutoff was mentioned for 12th-grade qualification.

·  Graduation from a recognized institution.

·  Proficiency in English is often demonstrated through standardized tests like the TOEFL, IELTS, or equivalent. Specific score requirements may vary.

Australian National University, ANU College of Business and Economics

The ANU College of Business and Economics, associated with the Australian National University, is a significant player among the top business schools in Australia. Offering an MBA program, it serves as a platform for individuals to enhance their business and management skills, opening doors to higher-level management roles.

At ANU, the MBA curriculum employs an interactive and engaging teaching approach. Here are further details:

Key Highlights of the ANU College of Business and Economics:

·  QS Global MBA Ranking 2022: 131–140

·  Location: Australian Capital Territory

·  University Type: Public

·  MBA Programs Available: MBA

·  Average Annual Fees (as of June 2022): $22,680

Eligibility Criteria:

To qualify for the MBA program at the Australian National University, applicants typically need to meet these requirements:

·  No specific 12th-grade cutoff was mentioned.

·  Graduation from a recognized institution.

·  A bachelor's degree or equivalent qualification, along with at least three years of documented professional experience

·  A minimum UWA weighted average mark of 60 percent or its equivalent

·  Proficiency in English is often proven through standardized tests like TOEFL, IELTS, or equivalent, with specific score criteria.

·  A minimum of 2 years of work experience

University of South Australia, UniSA Business School

The UniSA Business School, part of the University of South Australia, is renowned for its MBA programs, setting the stage for successful careers in business management. It stands as one of Australia's top universities.

The University of South Australia, through the UniSA Business School, offers MBA programs with a strong emphasis on practical decision-making, especially at senior management levels. These programs are designed to fast-track your career growth.

Key Highlights of the UniSA Business School:

·  QS Global MBA Ranking 2022: 151–200

·  Location: Adelaide

·  University Type: Public

·  MBA Programs Available: Master of Business Administration, International Master of Business Administration

·  Average Annual Fees (as of June 2022): $36,000

Eligibility Criteria:

To be eligible for the MBA program at the University of South Australia's UniSA Business School, applicants typically need to meet these criteria:

·  No specific 12th-grade cutoff was mentioned.

·  Graduation from a recognized university or equivalent professional qualifications.

·  A minimum of three years of full-time management experience

·  Proficiency in English is often demonstrated through standardized tests like TOEFL, IELTS, or equivalent, with specific score requirements.

The program director may, under exceptional circumstances, consider candidates with substantial managerial or entrepreneurial experience who show the potential to meet the MBA's learning requirements.

University of Technology Sydney, UTS Business School

UTS Business School, a prominent institution in Australia, is dedicated to nurturing critical thinking and strategic planning skills in its students, preparing them for future managerial roles.

The MBA program at UT Business School offers a flexible schedule, providing students with a well-rounded understanding of general business principles while allowing them to specialize in their areas of interest.

Key Highlights of UT's Business School:

·  QS Global MBA Ranking 2022: 151–200

·  Location: New South Wales

·  University Type: Public

·  MBA Programs Available: Master of Business Administration, Executive Master of Business Administration

·  Average Annual Fees (as of June 2022): $33,700-$44,400

Eligibility Criteria:

To be eligible for admission to the University of Technology Sydney's Business School, candidates typically need to meet the following criteria:

·  No specific 12th-grade cutoff was mentioned.

·  Graduation with a minimum CGPA of 5.2 out of 7.

·  Applicants are also required to have a minimum grade point average (GPA) of 5.25 out of 7 with less than 10 percent fail grades, or equivalent.

·  Proficiency in English is often demonstrated through standardized tests like TOEFL, IELTS, or equivalent, with specific score requirements.

·  A minimum GMAT score of 550 may be required.

University of Wollongong, Sydney Business School

The Sydney Business School, affiliated with the University of Wollongong, operates under the Faculty of Business of the University and boasts a position among the top 200 business schools globally.

Renowned for its excellence, Sydney Business School stands as one of the premier destinations for international students seeking an MBA in Australia. Its commitment lies in preparing students for success in their respective professional domains.

Key Highlights of Sydney Business School:

·  QS Global MBA Ranking 2022: 151–200

·  Location: New South Wales

·  University Type: Public

·  MBA Programs Available: MBA, Executive MBA, MBA Advanced

·  Average annual fees (as of June 2022): $36,000–$20,000

Eligibility Criteria:

To gain admission to the University of Wollongong's Sydney Business School, applicants are generally expected to meet the following criteria:

·  No specific cutoff was mentioned for 12th grade.

·  Graduation with a minimum of 50%.

·  Proficiency in English is typically demonstrated through TOEFL, PTE, or IELTS scores, with specific score requirements.

·  A minimum work experience of 24 months may be required.

Advantages of studying an MBA in Australia

Pursuing an MBA or management program in Australia presents numerous advantages:

·  Global Recognition: Graduating with an Australian MBA means holding a globally recognized qualification, greatly benefiting your career prospects both locally and internationally.

·  Abundance of Programs: Australia offers approximately 75 globally recognized MBA programs, many with prestigious accreditations from EQUIS and AACSB.

·  Balanced Curriculum: Australian management courses strike a balance between theoretical and experiential learning, emphasizing personal growth, communication skills, and leadership abilities.

·  Fostering Independence: These programs encourage independent thinking and nurture creativity, empowering students to become innovative problem solvers.

·  Internship Opportunities: Many Australian management courses provide international students with internship opportunities, offering practical experience in local or international settings.

·  Multicultural Environment: Australia's diverse culture allows you to study alongside peers from various backgrounds, offering a broad cultural perspective that enriches your management studies.

·  Blend of Perspectives: You'll benefit from a unique educational environment that combines Western and Eastern business perspectives.

·  Quality Education: Australia boasts eight universities among the world's top 100, attracting international students with its friendly atmosphere, high-quality education, and exceptional lifestyle.

·  Refreshing Experience: Pursuing an MBA from reputable Australian colleges offers a once-in-a-lifetime experience, paving the way for your future success.

Scholarship to study MBA in Australia

University, school, or college

Scholarship

Eligibility

Monash Business School

Monash MBA International Women in Leadership Scholarship

Full-time international student, WAM of 70 per semester to retain

Melbourne Business School

Kraft Heinz Scholarship

Full-time and part-time MBA applicants applying by November 30, 2022

Melbourne Business School

MBS Scholarships

Students pursuing a full-time MBA, executive MBA, or senior executive MBA

Melbourne Business School

Diversity Excellence Scholarships

Full-time MBA students applying by May 31, 2023

Adelaide Business School

Adelaide MBA Scholarships

Formal application for entry into the full-time Adelaide MBA program

University of Sydney

UOW Postgraduate Academic Excellence Scholarship

International student with at least a 75% overall score

University of Sydney

UN Women's NC MBA Scholarships in Australia

Students eligible for admission to the part-time MBA

Please note that many universities in Australia offer a variety of scholarships for international students, and additional external scholarship opportunities may be available from individuals or organizations.

Job opportunities after studying an MBA in Australia

Profession

Average Salary (AUD)

Accountant

65,000

Business Development Manager

90,000

Marketing Manager

91,000

Operations Manager

104,000

Project Manager

109,000

Finance Manager

102,000

Senior Business Analyst

111,000

Human Resource Manager

104,146

Regional Sales Manager

114,000

These salaries represent the average earnings for MBA graduates in various professions in Australia, with their equivalent values in Indian Rupees (INR).

In conclusion, Australia stands as a top-tier destination for international students pursuing an MBA. Renowned for its globally recognized universities, all of which hold prestigious accreditations, it provides a launchpad for careers that span the world. With a thriving MBA market worth over 500 million AUD, the promise of a successful and prosperous future is within reach for those who embark on this academic journey.

At Maxxcell Overseas Education, we understand the dreams and aspirations of students seeking quality education abroad. Our team of expert consultants is dedicated to guiding you through every step of the process, from securing admission to obtaining a visa and even finding suitable accommodation. Your academic dreams are important to us, so why wait? Connect with us today to begin your path to success.