An MBA degree comes with a level of prestige associated with it. Acquiring one in the initial stages of your career gives it a strong push towards success. Apart from a lucrative package, the skill enhancement makes an MBA degree rather coveted. Any MBA degree from a reputed University is accepted all over the world. This gives the students a wider berth when applying for jobs. After completing the course, the students equip themselves with strategies to run a business. Not only that, they become aware of adapting the business to the changing global scenario. The scope of an MBA is never-ending, which is why people partake in the degree at various points of their careers.
Amongst the choices available to International students, Australia is a country that remains in the top five. Every year the number of MBA aspirants to Australia continues to rise. Some reasons that make Australia a popular choice are:
If you want to pursue your MBA in Australia, there are a few things you must know of. Mentioned below are some requirements that you must meet:
International students must get an Australian Student Visa before they enter the country. For this, you will have to submit the application form and provide the following documents:
Here we are mentioning the documents that the Universities would expect you to provide before admission:
The top universities that provide MBA admission in Australia are:
|Name of University||GMAT score||Work experience required (Minimum)|
|Australian National University||600||5|
|University of Melbourne||705||2|
|University of Sydney||550||3|
|University of Queensland||550||4|
|University of New South Wales||650||2|
|University of Adelaide||500||2|
|University of Western Australia||650||2|
|University of Technology Sydney||550||4|
|University of Newcastle||Not compulsory||3|
Australia offers multiple types of MBA courses. The following are the most popular ones:
The duration of an MBA from Australia varies from one University to another. Mainly it falls anywhere between 15 months – 2 years. However, some countries have started providing 1 year MBA courses as well.
|Name of University||Duration|
|Australian National University||1.5 years|
|University of Melbourne||16 months|
|University of Sydney||18 months|
|University of Queensland||1 year|
|Monash University||2 years|
|University of New South Wales||2 years|
|University of Adelaide||18 months|
|University of Western Australia||16 months|
|University of Technology Sydney||2 years|
|University of Newcastle||1.5 years|
An MBA degree from Australia can cost anywhere between 22 lakhs- 34 lakhs. However, we are providing you with a list of the detailed cost that most Universities charge.
|Name of University||Cost (INR)|
|Australian National University||37 Lakhs|
|University of Melbourne||45 Lakhs|
|University of Sydney||49 Lakhs|
|University of Queensland||41 Lakhs|
|Monash University||45 Lakhs|
|University of New South Wales||44 Lakhs|
|University of Adelaide||41 Lakhs|
|University of Western Australia||30 Lakhs|
|University of Technology Sydney||48 Lakhs|
|University of Newcastle||25 Lakhs|
If you are still interested in undertaking an MBA in Australia, you should know about the other costs. Apart from the course charges you have to consider other expenses as well. Have a look:
|Overhead||Average cost per week (INR)|
|Expenditure of course||800-1000|
These costs, however, are estimated figures. At the outset, the expenditure may vary as per the city and the University from where you are doing the course.
To encourage more students to undertake MBA in Australia, the country tries to help with funding. There are a couple of scholarships that the students can avail of. The value of the scholarship awarded depends on the course and your performance. Mentioned below are some of the scholarships that Australia offers:
|UTS business school||1 Lakh-2.5 lakh|
|UQ Business school||25% off on Tuition fee|
|UCN Faculty of Business and Law||6 Lakh-30 Lakhs|
|Sydney Business School||10-30% off on Tuition fee|
|MBS Scholarship-Melbourne Business school||Variable|
|Kraft Heinz Scholarship- Melbourne Business school||22 Lakhs|
|Australian Graduate School of management||Variable|
|Monash Business school||12 Lakhs|
|Adelaide Business School||25% off on Tuition fee|
|Australian National University||20 students are offered 50 lakhs|
If your budget is under the ones mentioned, you can opt for a degree that does not pinch your wallet. Here are some Universities that offer such courses:
|University Name||Costing (INR)|
|Kaplan business school||8.7 lakhs|
|Holmes Institute||9.9 lakhs|
|Charles Darwin University||11.5 lakhs|
|Edith Cowan University||11.5 lakhs|
|Victoria University||11.7 lakhs|
|Central Queensland University||11.9 lakhs|
|Federation University||11.9 lakhs|
|University of Southern Queensland||12 lakhs|
|Southern Cross University||12.2 lakhs|
|James Cook University||12.6 lakhs|
To register for the scholarship, you will have to submit paperwork. Here is a list of the documents required.
This probably is a very enticing feature of MBA courses in Australia. Even if you do not have a GMAT score, you could get admission to the course. The Australian Universities believe that the GMAT score may not be the correct basis to check a candidate’s skills. Some Universities offer the facility, and here are the names.
Since there are so many course options for an MBA in Australia, the range of jobs is also immense. Apart from the regular posts, there are multiple other options you can explore. Have a look at some of them:
As we have mentioned before, the MBA degree from Australia is globally accepted. There is no geographical restriction as such. So you can hope to get a job anywhere in the world. Here is the pay you can expect to receive after getting your MBA degree.
Accounting Manager1 Crore
|Job Designation||Salary Offered (Annual-INR)|
|General Manager||80 Lakhs|
|Finance Manager||1 Crore|
|Business Development Manager||83 Lakhs|
|Assistant Business Development Manager||71 Lakhs|
|Project Manager||66 Lakhs|
|Development Manager||70 Lakhs|
|HR Manager||60 Lakhs|
After the course is completed, you must acquire a Work Visa. This is known as the Temporary Graduate Visa and is applicable for 2-4 years basis on your qualifications. This will allow you to work in Australia post the course completion.
It usually takes around 6-12 months for them to process the Visa. You should have completed at least 2 years of studies in Australia to apply for the Visa.
The above is a detailed description of everything you need to accomplish an MBA in Australia. Apart from these, if you have any doubts, you may contact us anytime. We will help you decide which course is suitable and the paperwork necessary.
Let us help guide you in transforming your career with an MBA degree from Australia. With a course having such a global reach, you can soar to the heights of success within no time.
Our hope is that this article gave you an overview of PG Diploma courses who wish to study in Australia. If you do have any further queries, do reach out to our experts and get your study abroad journey started today.