Study MBA in Australia
Study MBA in Australia

Study MBA in Australia

If you are keen on doing a specialisation in the subject of your interest, you could do a master’s in the university of your choice. But if management is something you’re passionate about, then an MBA would double as a management course as well as a certified master’s in the course you want to specialise in. This makes MBA in Australia seems to be a better choice now, doesn’t it? 

From art, culture, science, and engineering to innovation, entrepreneurship, technology and sustainability, Australian universities offer a wide variety of MBA course programmes to choose from. From standing out in the crowd to becoming a guiding light, an MBA is your pathway to the management and decision-making tiers in any corporation you represent. 

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Why study MBA in Australia?

Australia offers so much more than just academic courses - the country is known for its immersive educational experience at some of the best universities in the world. But that’s not all, with its world-leading research facilities and practically relevant curriculum, Australia is the ideal place to pursue a course in management. Here are more reasons on why you should pursue an MBA in Australia:

1. High quality education

An Australian MBA is recognised worldwide and valued for the core skillbuilding and leadership qualities it confers - making it a much-preferred choice for aspiring students worldwide. Australian course programmes are well-known for their practical relevance and exposure which helps students develop valuable interpersonal work skills. 

Most Australian MBAs are accredited by the Association to Advance Collegiate Schools of Business International (AACSB) and Accreditation Council for Business Schools and Programs (ACBSP) accreditation which signify the quality of business education programs. 

2. Employment prospects

Doing an MBA will change the way you perceive situations and enable you to find solutions and address challenges efficiently. Problem solving is a valuable trait that employers look for in a prospective management candidate – and holding an Australian MBA improves your employability and paves the way to land top positions in any organisation. Also, according to a QS Top MBA report, Australian MBA graduates are amongst the world’s best-paid and much preferred by multinationals worldwide. 

Australian MBA programmes are ranked among the bests in the Oceania region according to the QS Global MBA Rankings. Holding an MBA certificate boosts your chances at employment and having a successful career abroad.

3. Better Networking Opportunities

Australia has consistently been among the top 5 destinations for doing an MBA, owing to its rich entrepreneurial mindset and research-focussed education. Doing an MBA in Australia would be an enriching experience both in terms of meeting your academic goals and experiencing a global lifestyle.     

Australian lecturers, along with valuable expertise, bring their broad network of industry contacts to the classroom. Also, through regular networking events such as job fairs, industry functions and open days, you can benefit from direct connections within industry.

4. Gain valuable work skills

An Australian MBA presents a great opportunity to imbibe valuable work and soft skills, such as emotional and social intelligence, ethical leadership styles, effective communication techniques, creative problem solving, cross-cultural understanding, team building, listening and negotiation – all of which come handy in tackling sensitive work situations and people management. 

Problem solving, decision making and leadership skills are also valuable work skills that top employers look for, and an Australian MBA would ensure the highest levels of academic and professional learning in a competitive global environment. 

5. High remuneration

Average remuneration of an MBA graduate in Australia is AUD 95,000, with experienced managers earning up to AUD 305,000. Average salary varies based on the roles and management positions, but according to the latest Payscale survey, the starting salary for MBA finance graduates goes as much as AUD 137,000.  

Here’s an estimate of the average salaries (in AUD) of MBA graduates in different designations:

Project manager $85,000
Chief financial officer $151,000
Senior financial analyst $85,000
Financial analyst $65,000
Human resources manager $72,000
Financial controller $92,000
Operations manager $81,000

Popular MBA Programs in Australia

Here is the list of popular MBA courses in Australia:
  • MBA in Digital Marketing
  • MBA in Business Analytics
  • MBA in Data Analytics
  • MBA in Finance
  • MBA in International Business
  • MBA in Human Resource Management
  • MBA in Risk Management
  • MBA in Global Project Management
  • MBA in Public Health Administration
  • MBA in Sports Management
  • MBA in Information Systems
  • MBA in Sustainability
  • MBA in Global Management
  • MBA in Entrepreneurship/Social Enterprise
To find out more about Studying in Australia Download the AECC Study Guide

Top MBA Universities in Australia

With 7 universities ranked in the top 100 in the QS World University Rankings, Australia has the best universities for a wide variety of courses, including business, art, technology, medicine, engineering and architecture. Here are the top 5 universities in Australia for an MBA course programme:
University Business School Global MBA Rankings
University of New South Wales Australian Graduate School of Management 31
Monash University Monash Business School 84
Macquarie University Macquarie Business School 82
University of Queensland UQ Business School 87
University of Western Australia UWA Business School 111-120
  • The university is ranked 31st among the best global MBA programs and is among the top 10% of the world's top schools of management. With its business programmes accredited by EQUIS and AACSB, the university is among the elite group of business schools in the world. 
  • The university is a member of the Group of Eight (Go8) and is ranked #1 in Australia for research quality and impact. 
  • With an international student population of 40%, the university becomes the top choice in Australia for MBA courses by students worldwide.
  • Changing lives through research and education for nearly six decades, Monash is ranked #57 in the 2023 QS World University Rankings. 
  • A member of the prestigious Group of Eight, Monash University is ranked #54th for graduate employability by the 2023 QS World University Rankings. 
  • Ranked #39 in the world for Business and Economics, the Monash Business School offers some of the best business courses in Australia for international students.
  • One of the top universities in Sydney, Macquarie Business School is ranked #19 in World University Rankings. 
  • The university offers excellent career support and counselling and is ranked #1 by QS Graduate Employability Rankings, 2022 for graduate employability. 
  • Through community engagement and practical learning programmes, the university offers unparalleled learning outcomes for students.
  • Ranked #36 in best global universities rankings by US News & World Report, the university is among the top 50 universities according to the 2023 QS World Rankings.
  • Known for exceptional study experiences, research excellence and collaborative partnerships, the university offers MBA courses in a wide variety of courses, including Finance, Information Technology, Operations Design, Business Economics, Innovation Leadership, Human Resource Management, etc.
  • Ranked #3rd in Australia by the Australia Business Rank 2023, UQ is the first business school in Australia to gain accreditation from AACSB International and EQUIS – the two most prestigious ranking institutions in the world. 
  • UWA's MBA program is ranked #1 in the Oceania region for Entrepreneurship and Alumni Outcomes (QS World University Rankings 2021 Global MBA Rankings).
  • Research-intensive and known for its teaching excellence, the university facilitates research and specialisation in a wide range of academic fields. 
  • Ranked #7th in Australia, UWA Business School is accredited by AACSB International and EQUIS – the two most prestigious ranking institutions in the world. 

Top MBA universities in Australia

With 7 universities ranked in the top 100 in the QS World University Rankings, Australia has the best universities for a wide variety of courses, including business, art, technology, medicine, engineering and architecture. Here are the top 5 best MBA universities in Australia for an MBA course programme:
University Business School Global MBA Rankings
University of New South Wales Australian Graduate School of Management 31
Monash University Monash Business School 84
Macquarie University Macquarie Business School 82
University of Queensland UQ Business School 87
University of Western Australia UWA Business School 111-120
  • The university is ranked 31st among the best global MBA programs and is among the top 10% of the world's top schools of management. With its business programmes accredited by EQUIS and AACSB, the university is among the elite group of business schools in the world. 
  • The university is a member of the Group of Eight (Go8) and is ranked #1 in Australia for research quality and impact. 
  • With an international student population of 40%, the university becomes the top choice in Australia for MBA courses by students worldwide. 

Cost of Studying MBA in Australia

The cost of an MBA degree in Australia can vary depending on the university and the length of the program. On average, an MBA in Australia can cost anywhere between AUD 40,000 to AUD 120,000. Here's a rough estimate of the cost of MBA programs at some of the top universities in Australia:

University

Cost (in AUD)

University of Sydney

70,000 - 120,000

Monash University

70,000 - 120,000

University of Queensland

70,000 - 100,000

University of Western Australia

70,000 - 100,000

University of New South Wales

80,000 - 130,000

Macquarie University

80,000 - 120,000

Australian National University

70,000 - 100,000

MBA Scholarships in Australia

University

Scholarships

University of Sydney

Sydney International Student Award

Business School International Scholarship

Monash University

Monash International Leadership Scholarship

Jane McAloon Scholarship

University of Queensland

MBA Student Scholarship

University of Western Australia

Global Excellence Scholarship

University of New South Wales

UNSW International Student Award

Macquarie University

Women in Management and Finance Scholarship

Sponsored Student Grant

ASEAN $10,000 Early Acceptance Scholarship

Australian National University

ANU College of Business & Economics International Graduate Scholarship

ANU Excellence Scholarship Program

ANU Onshore International Scholarship

Interested to Study in Australia?

Eligibility Requirements to Study MBA in Australia

To be eligible for an MBA program in Australia as an international student, you typically need to meet the following requirements:

  1. Educational qualifications: You need to have a bachelor's degree from a recognised university, or an equivalent qualification in a relevant field.
  2. Work experience: Most MBA programs in Australia require a minimum of two years of work experience. Some universities may also have specific work experience requirements for certain industries.
  3. English language proficiency: You need to demonstrate proficiency in English by taking the IELTS or TOEFL exams and meeting the minimum score requirements set by the university.
  4. Financial ability: International students must be able to demonstrate financial ability to cover the cost of tuition fees, living expenses, and other associated costs.
  5. Personal statement: You may need to submit a personal statement that details your motivation for pursuing an MBA and your professional goals.

How to apply for MBA in Australia

  1. Research MBA programs: Start by researching MBA programs in Australia to determine which ones align with your career goals, academic background, and financial position. Prefer programs that have a strong curriculum, and offer opportunities for practical experience.
  2. Check entry requirements: Each MBA program will have its own entry requirements, including academic qualifications, work experience, and language proficiency. Make sure you understand the requirements and that you satisfy them before you apply to study in Australia.
  3. Prepare application documents: Ensure to have the supporting documents such as transcripts, a personal statement, letters of recommendation, and proof of English proficiency in a format specified by the university. Make sure you understand the specific requirements for each program you are interested in and prepare the materials well in advance.
  4. Submit the application: Once you have completed your online application and gathered the necessary supporting documents, submit your application and await the university’s decision. 
  5. Acceptance and enrolment: If you are offered a place in the MBA program, accept the offer and complete the enrolment process, which may involve paying a deposit and submitting additional documentation, if required.

Post Study Work Opportunities for MBA Graduates

Here are some of the common post-study career choices for MBA graduates in Australia:

1. Management consulting
MBA graduates with strong analytical and strategic thinking skills can find employment as management consultants, helping organisations to improve their operations and achieve their goals. 
Average earning potential for management consultants in Australia is AUD 100,000 per year. Entry-level positions start at AUD 90,000 per year, while experienced officers make up to AUD 120,000 per year.

2. Investment banking
The finance sector is a major employer of MBA graduates in Australia, particularly as investment bankers in areas such as corporate finance, mergers and acquisitions, and risk management. 
Average earning potential for investment bankers in Australia is AUD 120,000 per year. Entry-level positions start at AUD 98,000 per year, while experienced officers make up to AUD 173,000 per year.

3. Operations management
MBA graduates with a focus on operations and supply chain management can find careers in industries such as manufacturing, retail, and logistics, and help organisations improve their efficiency and competitiveness. 
Average earning potential for an operations manager in Australia is AUD 120,000 per year. Entry-level positions start at AUD 99,000 per year, while experienced officers make up to AUD 150,000 per year.

4. Public Administration
MBA graduates with an interest in public service and policy can work for government and non-profit organisations, where they can use their skills to make a positive impact on society and promote community well-being.
Average earning potential for a public administration officer in Australia is AUD 94,000 per year. Entry-level positions start at AUD 80,000 per year, while experienced officers make up to AUD 125,000 per year.

5.Entrepreneurship
If you’re an MBA graduate in Australia, you can choose to start your own business using your business skills and knowledge, to launch and grow your own venture. Your business ideas combined with the human and financial resources can help establish you as an entrepreneur in one of the best economies in the world. 

FAQ's

Australia is considered one of the most sought-after study destinations for international students. Quality education, high-end research opportunities, and excellent career prospects also make Australia an ideal study destination specifically for MBA aspirants.
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