MBA in Australia for Indian Students
Why MBA in Australia?
In general, there is a predefined set of factors that need to be taken into consideration before choosing to pursue MBA. This must be broken down into destination, universities, specialization, tuition fees, living cost, financial aid, etc., When you prepare a checklist for these elements, Australia will be the first choice for international students. The reason behind the popularity and global recognition is mainly based on many factors. Understanding these factors will help you make the right decision.
-
As per the QS News Global MBA Ranking, 13 universities are recognized and ranked in the Top 250 business schools of the world.
-
According to QS Global MBA ranking 2021, 5 business schools are ranked among the top 100’s in the world.
-
In the category of MBA salaries, Australia is one among the top countries and is placed 5th.
-
FT Business school ranking (2021) ranks 3 business schools in Australia in the world’s 100 universities.
-
Companies from leading sectors like technology, finance, consulting, and marketing are welcoming MBA graduates with a high salary package.
Best MBA Colleges in Australia
The best thing about the Australian universities is their inevitable presence in the toppers table of the global rankings. Leading Universities in Australia are recognized by QS Global MBA rankings and FT business school rankings. Not only that, these ranks are rising in the table every year. Apart from this, these business schools’ curricula are structured at par with world-class standards that help Management graduates to gain complete potential. We have sorted out the best business schools/institutions as per the rankings.
This helps you to make vivid decisions to select a suitable institution.
|
University
|
Global rank 2021
|
National rank 2021
|
Asia Pacific Ranking 2021
|
|
Macquarie University
|
19
|
3
|
14
|
|
UQ Business School
|
-
|
4
|
15
|
|
UWA Business School
|
-
|
5
|
16
|
|
Bond University
|
-
|
6
|
-
|
|
Deakin University
|
29
|
7
|
-
|
|
RMIT University
|
-
|
8
|
-
|
|
Wollongong – Sydney Business School
|
-
|
9
|
-
|
|
La Trobe University
|
31
|
10
|
-
|
|
Monash University
|
73
|
-
|
-
|
Top MBA Courses in Australia
1. MBA in Finance - If you want to get insights on financial concepts in a global context, undertaking MBA in Finance is the right choice. The course curriculum covers investment management, stockbroking, financial economics, business finance, and international finance. By completing this course, you’ll have a chance to get placed in different industries that include financial services, banking, insurance, stockbroking, credit risk management, financial agencies, and consultancies,
2. MBA in International Business - This is one of the most renowned courses in management and international students are showing interest to pursue it in Australia. This course mainly focuses on marketing, finance, human resource, business management on an international level. The aspirant who holds an International business degree can get hired as a Global business manager, chief executive officer, International business consultant, and administrative service manager.
3. MBA in e-commerce - There is a great surge in the demands for MBA in e-commerce in the recent years. Further to this, through the globally recognized degree from leading universities of Australia, you’ll have an amazing chance to carve your career in the e-commerce industry. MBA e-commerce graduates can work as an e-commerce consultant, promotion managers, senior web developers, etc.
4. MBA in Strategy & Leadership - People who love to have the traits of strategic management and leadership goals can pursue MBA in Strategy & Leadership. It helps to bring out the best from the aspirants and to make them formulate and execute business strategies, manage the business, and so on.
5. MBA in Human Resource Management - Aspirants who have a great tendency to socialize and interact with people have a good choice to pick an MBA in Human resource management. Curriculum of this program covers staffing, recruiting, training the employees, developing staff welfare policies and enhancing employee productivity & engagement.
MBA Fees in Australia
As per the 2021 survey, the average annual program fee for MBA is around 59,966 AUD. In addition to that, fees have increased by 3.34% in comparison with last year. The average annual cost of international students to pursue an MBA will range from 45000 AUD to 822,000 AUD. The tuition fees tend to vary with the university and course which you choose. But, there is no need to panic or be confused about the fees component. You can afford it by availing any of the suitable scholarships offered by the Australian government, and agencies.
Pre-Departure costs
If you are looking for pre-departure costs to study MBA in Australia.
Here is the complete checklist for you.
|
Categories
|
Cost (AUD)
|
|
Application
|
110 (Varies)
|
| Australian Student Visa |
426
|
| IELTS |
220 - 250
|
| TOEFL |
165 - 255
|
|
GMAT
|
250
|
|
GRE
|
200
|
MBA Tuition Fees in Australia for International Students
The below table is designed to help you with the average program fees for various universities.
|
University
|
Average Annual Fee (AUD)
|
|
Victoria University
|
46,800
|
|
Swinburne University of Technology
|
36,204
|
|
University of South Australia
|
60,450
|
|
University of Sunshine Coast
|
39,905
|
|
University of Tasmania
|
68,347
|
|
University of Southern Queensland
|
42,600
|
|
University of Newcastle
|
36,545
|
|
University of Newsouthwales
|
59,760
|
|
University of New England (UNE)
|
28,000
|
|
Torrens University
|
36,900
|
Cost of Living in Australia
Here is the list for you!
MBA in Australia Requirements
Eligibility Criteria for MBA in Australia
Indian students who want to pursue MBA in Australia should meet the demands to apply for it effectively. This will mainly be based on previous academic performance, proficiency tests, and work experience.
- Academic excellence is an important factor that is considered imperative. An MBA aspirant must have 15 years of educational experience from a recognized institution. MBA aspirants are expected to have a minimum of 65% academic score.
- IELTS or TOEFL is a significant requirement to get through. Aspirants from non-native English-speaking countries must have good scores in IELTS Exams.
- IELTS: 6.5 or above (overall band score)
- TOEFL: 80 or above
-
The Graduate Management Admission Test (GMAT) is an important entry factor to study MBA in Australia. Most Australian universities expect international students to have GMAT scores above 650.
-
Work experience is not a mandatory requirement to study MBA in Australia. However, you can stand out from other applicant profiles by having two to three years of experience in the relevant industry.
Documents Required to Study MBA in Australia
Australian universities expect international students to submit some documents that represent their identity, performance, and eligibility to study MBA in Australia. Are you looking to prepare the checklist for documentation? We have made it easy for you! Yes,
Here is the checklist for you.
-
List of all certificates of the undergraduate degree from previous institutions.
-
Certificate of work experience in relevant industries
-
Academic transcripts
-
Certificate of test that includes GMAT, TOEFL, IELTS
-
CV/Resume
- LOR - Letter of Recommendation
-
Funding resources documents
Scholarship for MBA in Australia for Indian Students
One of the amazing things about studying MBA in Australia is its extensive funding assistance. More than 1150 scholarships are available for international students to make their studies as affordable as possible. Generally, the value of these scholarships may vary based on the courses that are selected and the performance of the applicants. Knowing about the popular scholarship schemes helps you avail yourself of it easily.
|
Popular Scholarship |
Benefits |
|
Kraft Heinz Scholarship |
43,265 AUD |
|
Monash MBA International Women in Leadership Scholarship |
23,113 AUD |
|
ANU College of Business and Economics India Excellence Scholarship |
9630 AUD |
|
International Excellence Scholarship (India); South Asia Business and Law Scholarships |
12,287 – 57,787 AUD |
|
AGSM Global Reach Scholarship and AGSM Excellence Scholarship |
Varies |
|
MBS Scholarships |
Varies |
|
MBA (Intensive) International Prestige Scholarships |
100% tuition fee waiver |
|
Adelaide MBA Scholarship |
25% of tuition fee waiver |
|
UOW Postgraduate Academic Excellence Scholarship |
10% to 30% tuition fee waiver |
|
MBA Student Scholarship |
25% tuition fee waiver |
Requirements to avail International scholarships
- UG degree certificates
- Passport
- Academic transcripts
- Curriculum vitae
- Personal statement that states the eligibility to get a scholarship
- Photo
- English proficiency test certificate
Jobs After MBA in Australia
Lucrative job prospects are one among all the specialties why Australia is famous for. Do you know the average annual salary of different job roles? MBA graduates are able to earn more than 95,000 AUD per year. Top recruiters and global leaders are ready to welcome MBA graduates with amazing pay. The main reason for this demand is mainly due to emerging startups, SME’s and renowned businesses in Australia. MBA graduates are in demand at different domains that include marketing, business management, banking, finance, consulting, manufacturing, technology, etc.,
|
Job Role |
Leading recruiters |
Average Annual salary (AUD) |
|
Marketing Manager |
Westpac Banking Corporation |
103,000 |
|
Senior Product Manager |
Telstra Corporation Ltd |
202,000 |
|
Account Manager |
Zomato |
50,000 |
|
Senior Business Analyst |
ANZ |
120,000 |
|
Business Development Manager |
APCD Pty Ltd |
121,000 |
|
Sales Consultant |
Simonds Homes |
82,000 |
|
Area Sales Manager |
GFG Alliance |
80,000 |
|
Operations Manager |
CHEP |
98,000 |
|
Category Management |
Woolworths Supermarkets |
97,000 |
|
CEO |
The Alternative Board of Australia |
143,000 |
MBA Salary in Australia
The current Australian market is recognized for its abundant job opportunities and is ranked in the top 10 for the highest MBA salaries in the world. Leading companies of Australia offer sky-rocketing salaries to MBA graduates across different sectors.
|
Top recruiters |
Annual Salary per year (AUD) |
|
Woolworths |
236,000 |
|
Commonwealth Bank of Australia |
162,000 |
|
ANZ Banking Corporation |
225,000 |
|
Westpac Banking Corp |
132,000 |
|
Telstra Corporation Ltd |
145,000 |
|
JP Morgan |
158,000 |
|
Fidelity Investments |
131,000 |
|
HSBC Global Asset Management |
107,000 |
Work Permit After MBA in Australia
Policies for staying back after graduation are friendly in Australia. With the proper eligibility, you’ll be able to remain in Australia to continue your job. After completing your MBA graduation, you can apply for a Temporary Graduate Subclass 485 visa that helps you to stay for 18 months in Australia. The main eligibility criteria to avail post-graduate work permit is students must have studied in Australia for at least 16 months period.
FAQ
-
As per the QS News Global MBA Ranking, 13 universities are recognized and ranked in the top 250 business schools of the world.
-
According to QS Global MBA ranking 2021, 5 business schools are ranked among the top 100’s in the world.
-
In the category of MBA salaries, Australia is one of the top countries and is placed 5th.
-
FT Business school ranking (2021) ranks 3 business schools in Australia in the world’s 100 universities.
-
Companies from leading sectors like technology, finance, consulting, and marketing are welcoming MBA graduates with a high salary package
