Business programs in Australia are renowned for their quality standards and worldwide recognition. Plus, who doesn’t love Australia’s amazing scenery and welcoming atmosphere? Australia is one of the most popular destinations for postgraduate study. If you’ve been planning to study for an MBA in Australia, you’ve made the right decision. And we will help you in finding a list of the best MBA universities in Australia.
Australia, one of the most sought-after countries for an MBA, has five schools in the top 100 in the QS Global MBA Rankings 2021. The country is distinguished by its multicultural environment, which helps students adapt well and build networks for future work prospects. Its exceptionally reputable MBA institutions are internationally recognized for producing market-ready, holistically developed individuals who demonstrate multi-dimensional skills.
They have courses tailored to the Asia Pacific market, making them popular with international students. All in all, Australia’s friendly immigration rules, decent standard of living, and learning culture make Australia one of the best places to pursue an MBA.
All set? Come along and know more…
What all is covered in this post?
To make it easier for you, we have created a quick guide to everything you need to know about popular MBA universities in Australia.
Highlights of MBA in Australia
Before we jump into discovering the best MBA universities in Australia, let us give you a highlight of MBA course in Australia in the table below:
|Number of colleges/universities||50+|
|Type||Full-time MBA, Part-time MBA, Executive MBA Global MBA and Online MBA|
|Popular Specialisations||Marketing, Finance, Transportation Management Accounting, International Business, Supply Chain Management, Economics, Healthcare Management, Entrepreneurship, Investment/ Insurance, Technology Management, etc.|
|Tuition Fees for International Students||27,600 up to 100,000 AUD which is somewhere around Rs. 14.65 to 53.08 lakhs in Indian currency|
|Top Employers||ANZ Banking Corporation, Commonwealth Bank of Australia, Fidelity Investments, HSBC Global Asset Management, JP Morgan, Telstra Corporation Ltd, Westpac Banking Corp, Woolworths, etc.|
Eligibility to pursue MBA in Australia
Indian students who wish to pursue an MBA in Australia must meet the requirements to apply effectively. This will mainly be based on previous academic performance, aptitude tests, and work experience.
- Academic success is an important factor that is considered mandatory. An MBA graduate must have 15 years of educational experience at a recognized institution. MBA candidates are expected to have a minimum of 65% academic marks.
- IELTS or TOEFL is an important requirement to pass. Postgraduate students from non-native English-speaking countries should have good IELTS scores.
- IELTS: 6.5 or above (overall score)
- TOEFL: 80 or higher
- The Graduate School Admission Test (GMAT) is an essential factor for admission to MBA studies in Australia. Most Australian universities expect international students to have GMAT scores above 650.
- Work experience is not a mandatory requirement to study an MBA in Australia. However, you can stand out from other applicant profiles by having two to three years of relevant industry experience.
Note: For more details refer to this detailed post on MBA in Australia
List of top 10 MBA universities in Australia
Most of Australia’s leading universities encourage students to apply for an MBA program in the spring (February to June) and summer (July to November) terms. Indian students should start their preparation 1 year before the deadline for admission to their desired university.
Some of the top universities and application deadlines are as follows:
|University||THE (Times Higher Education) Rankings 2022|
|The University of Melbourne, Melbourne||33|
|The University of Queensland, Brisbane||54|
|Monash University, Melbourne||57|
|The University of Sydney, Sydney||58|
|University of New South Wales, Sydney||70|
|University of Adelaide, Adelaide||111|
|University of Western Australia, Perth||132|
|University of Technology Sydney, Sydney||143|
|University of Canberra, Canberra||170|
|Macquarie University, Sydney||192|
About the best MBA universities in Australia
In this section, we will introduce you to an explanation of some of the above-mentioned list of most popular universities in Australia for pursuing MBA:
The University of Melbourne, Melbourne
The University of Melbourne is very famous and the second oldest university in Australia. The University of Melbourne is divided into 10 disciplines offering UG & PG level courses in over 100 subject areas. There are more than 600 undergraduate, graduate, and doctoral programs offered to international students at the University of Melbourne. University of Melbourne MBA graduates typically receive job offers within 3 months of graduation. The university demonstrates a 95% employment rate for MBA graduates. Top companies interested in hiring Unimelb graduates include Ford, eBay, Accenture, PWC, Uber, Nike, Intel, Oracle, and many others.
- Course Duration: 2 Years
- Total Annual Fees: Rs. 57.7 lakhs
- Employment Rate: 95%
The University of Queensland, Brisbane
The University of Queensland (UQ) is one of the best teaching and research institutions in Australia. It is part of both Go8 (Group of Eight Universities in Australia) and Universitas 21. Currently. home to more than 50,000 students from 134 countries. UQ graduates are offered high-paying jobs in fields such as law, executive management, finance, marketing, science, and engineering. The placement rate at the University of Queensland is 71.4% (2021). The average base salary for UQ graduates is AUD 88,000. According to UQ LinkedIn alumni reports, the highest number of graduates work in business development, followed by education.
- Course Duration: 2 Years
- Total Annual Fees: Rs. 51.7 lakhs
- Employment Rate: 71.4%
Monash University, Melbourne
Monash University is a renowned research university offering admission to six Australian campuses and one Malaysian campus. The university receives US$1.1 billion in research grants per academic year, including funding from various state research councils. Monash’s strongest performance was reputation as an employer, scoring 87.7 out of 100 and ranking 41st in the world. Monash graduates have excellent employment opportunities with leading global companies such as Deloitte, PWC, Telstra, IBM, and many others.
- Course Duration: 2 Years
- Total Annual Fees: Rs. 33.3 lakhs
- Employment Rate: 87.7%
The University of Sydney, Sydney
The University of Sydney is one of the leading public research universities in Australia. The university is consistently ranked among the top 50 universities in the world. It is one of 6 sandstone universities in Australia. The University of Sydney is a member of CEMS, the Group of Eight, the Association of Commonwealth Universities, and the Association of Pacific Universities. The University of Sydney has an employment rate of 89%, which is higher than the national average of 87.2%. The University of Sydney is ranked 1st in Australia and 4th in the world for graduate employability. The university is associated with famous companies like Microsoft, Telstra, Sirtex Medical, Qantas, etc.
- Course Duration: 2 Years
- Total Annual Fees: Rs. 49.4 lakhs
- Employment Rate: 87.2%
University of New South Wales, Sydney
The University of New South Wales, located in Sydney, is a center of advanced research, teaching, and innovation with a unique focus on science, technology, and professional disciplines. According to The Guide, almost 76% of University of New South Wales students find full-time employment after graduation. The University of New South Wales has been awarded a five-star rating among the capital’s two universities. The UNSW Founders Program is an on-campus entrepreneurship program introduced by the University. It helps students, employees, and alumni develop Startup skills and grow their companies.
- Course Duration: 1 Year
- Total Annual Fees: Rs. 50.1 lakhs
- Employment Rate: 76%
University of Adelaide, Adelaide
The University of Adelaide is an open university known to be the 3rd oldest university in Australia. The university’s career center helps students improve their skills and connect them with employers. The center also works to improve employability skills by providing CV writing, mock interviews, and career training. The University of Adelaide’s acceptance rate is 75% according to EduRank.
- Course Duration: 18 months
- Total Annual Fees: Rs. 25.21 lakhs
- Employment Rate: NA
University of Western Australia, Perth
The University of Western Australia is a well-known public university in the country. UWA is quite popular with international students. In 2021, more than 29,000 students enrolled at UWA. Of the total number of enrolled students, 10% belong to international countries. Indian students are among the leading international students at UWA. The University has an acceptance rate of 38%.
- Course Duration: 1-1.5 years
- Total Annual Fees: Rs. 39.8 lakhs
- Employment Rate: NA
There you go!
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According to the 2021 survey, the average annual fee for an MBA program is around AUD$59,966. In addition, fees increased by 3.34% compared to last year. The average annual cost for international students to complete an MBA degree will range from AUD 45,000 to AUD 822,000.
Yes, studying in Australia is worth it because Australia is one of the top five international countries that offer an MBA degree that is recognized worldwide. Moreover, MBA admission in Australia is difficult but admission is worth it because there are good internship and job opportunities.
To apply for permanent residency in Australia, you need to score a minimum of 65 points in the points test. Most international students from anywhere in the world are allowed to come to Australia for higher education. General Skilled Migration (GSM) is a completely different process for getting a PR after an MBA in Australia.
International students who have completed their tertiary education and are studying for a minimum of two years can then apply for a post-study work permit and stay and work in Australia for two to five years.
After you graduate, you can apply for a Temporary Graduate Subclass 485 visa, which will allow you to work for 18 months in Australia. For international MBA students to be eligible for a 485 visa, they must have studied in Australia for at least 16 months.
Anushree has 6+ years of experience and currently she is associated with idreamcareer.com as a Content Writer. She has also worked as a Social Media Marketing Expert for a startup and Content Quality Analyst for Publishing and E-learning Industry. She has done her Masters in Commerce and PGDM in Finance & Trade and Marketing & HR, but she is currently following her passion towards writing.