Requirements for an MBA in Australia

Admit Abroad - Requirements for an MBA in Australia

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.

 

Why MBA in Australia?

 

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:

 

  • All Universities in Australia offer degrees that are globally accepted.
  • Some Universities may not ask for a GMAT score to provide a seat.
  • Students get the opportunity to work along with completing their degree.
  • Every year 45000+ MBA job vacancies open in Australia.
  • Australia promotes healthy studies and a living environment.
  • Extremely favorable Visa policies

 

Eligibility to accomplish an MBA in Australia

 

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:

  • A Bachelor’s degree in any field.
  • You must have a good IELTS score. This is especially crucial if you are from a non-native English-speaking country.
  • There is no compulsion, but if you have work experience of 2-3 years, it will be an added benefit. So providing the Work experience details is rather essential.
  • Most Universities in Australia require a GMAT score. Remember that the average GMAT score you need to get admission is 590.

 

Student Visa

 

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:

  • Passport
  • ID Proof
  • Acceptance Letter from the University
  • Health Insurance Information
  • Scores of English Proficiency tests
  • Application form- signed and stamped.
  • Recent Passport sized photographs.

 

Documents required for admission to MBA 

 

Here we are mentioning the documents that the Universities would expect you to provide before admission:

 

  • Past academic records and papers
  • MBA essays
  • Letters of recommendation
  • SOP
  • English proficiency scores, like IELTS and TOEFL
  • Correctly filled and signed application form
  • Updated Resume
  • Passport size photographs
  • Student Visa
  • Loan papers, if any

 

Top Universities for MBA admission in Australia

 

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
Monash University 550 3
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

 

Different MBA courses available in Australia

 

Australia offers multiple types of MBA courses. The following are the most popular ones:

  • MBA -International Business
  • MBA-Accounting and Finance
  • MBA-HR
  • MBA-Event Management
  • MBA-Hospitality Management
  • MBA-Entrepreneurship
  • MBA-Sports Management
  • MBA-Information Technology

Duration of MBA course

 

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

 

Cost of an MBA degree from Australia

 

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

 

Cost of Living in Australia

 

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)
Accommodation 5000-16000
Enjoyment 4000-8000
Expenditure of course 800-1000
Food 5000-7500
Utilities 500-1000
Transport 1600-3000

 

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.

 

Scholarships:

 

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:

 

Scholarship Value (INR)
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

 

Affordable MBA courses offered in Australia

 

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

 

Documents to avail Scholarships

 

To register for the scholarship, you will have to submit paperwork. Here is a list of the documents required.

 

  • Under Graduate certificates
  • Valid Passport
  • Resume
  • All-Academic credentials
  • A personal statement with the reason why you deserve the scholarship
  • Photos
  • English proficiency test scores

 

MBA without a GMAT score

 

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.

  • Monash University
  • RMIT University
  • University of Technology Sydney
  • Curtin University
  • Deakin University
  • University of Adelaide
  • University of South Australia
  • University of Wollongong
  • University of Newcastle
  • University of West Sydney

Top jobs after MBA from Australia

 

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:

  • Account director
  • Account manager
  • Sales manager
  • Business relationship manager
  • Senior Account manager
  • Business Development manager
  • Company Director
  • Director of Business Development
  • Finance Manager
  • Finance Director
  • General Manager Operations
  • Construction manager
  • IT project manager
  • Digital Marketing Manager
  • Marketing Director
  • Manager- Operations
  • Warehouse manager
  • Production manager
  • Brand manager
  • Senior Product manager
  • Regional Sales manager
  • Director of Sales and Marketing

The pay package for reputed posts

 

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

 

Work Visa

 

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.

 

To Sum up

 

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.