Studying an MBA in Australia
An MBA, or Master of Business Administration, is one of the most prestigious and multi-faceted graduate programs that empowers an individual with a comprehensive understanding of business principles, strategic thinking, leadership skills, and the ability to navigate the complexities of the corporate world. It serves as a passport to career advancement and a wide range of career opportunities, equipping professionals with the knowledge, skills, and networks to excel in the ever-evolving landscape of global business.
If you plan to study MBA in Australia, it can be a highly valuable investment for professionals, as it enhances your communication and leadership skills. Australian universities are globally recognised for their high-quality education and practical and innovative learning approach. Many universities offer MBAs in different specialisations, such as finance, accounting, international business, and marketing.
Types of MBA in Australia
Full-Time
A full-time Master of business administration is a traditional MBA format that aims to provide students with a detailed understanding of how business functions and how leaders in the business world face challenges and opportunities. The MBA courses in Australia comprise finance, marketing, strategy, human resources, operations management, etc. One can get into jobs like an investment banker, HR manager, hotel manager, business analyst, etc.
- Course duration – two years
- Course fees – $126,000
- Entry requirements – Bachelor’s degree with a specific WAM (Weighted Average Mark) and qualification in IELTS/GMAT.
Part-Time MBA
A part-time MBA is geared towards individuals working full-time but outside a leadership position. The course’s main objective is to provide professionals with practical management skills. The curriculum comprises corporate social responsibility, business law, tools and decision-making framework, financial modelling, etc, followed by internship projects. One can opt for specialisations, such as IT and system management, supply chain management, retail management, etc.
After completing a part-time MBA, one can get hired by all kinds of companies and businesses for senior management roles in finance, marketing, IT, business analysis, banking, consulting, etc.
- Course duration- three years
- Course fees – $80,000
- Entry requirements – an undergraduate degree, a qualifying English proficiency test, and at least two years of work experience.
Dual Degree in MBA
A dual degree MBA in Australia simplifies two-degree programs while focusing on two topics. The benefit of enrolling in a dual degree program is that it enhances students’ career opportunities by providing them with a unique combination of skills and knowledge that lifts the chances of getting high-paying jobs.
Some top specialisations for dual degree MBA programs are – business analytics, human resource management, IT management, healthcare management, etc.
- Course duration- 2.5 years
- Course fees –$126,000
- Entry requirements – Senior secondary qualification with English proficiency test (IELTS- 6.5 or above)
Executive MBA
An executive MBA is a postgraduate course in Australia for working professionals with more than 4 to 5 years of experience. The Executive MBA degree includes subjects such as Introduction to Business Management, behavioural science, research methodology, organisational behaviour, etc. An Executive MBA can be done in various specialisations. Each of these specialisations has a different syllabus.
EMBA specialisations and types include executive MBA in international business, executive fellow program in management, and EMBA in finance. Some reputed careers are chief technology officer, information technology director, and logistics manager.
- Course duration – two years
- Course fees – $111,600
- Entry requirements – Bachelor’s degree with at least five years of work experience.
Top MBA Specialisations
The course framework of MBA courses in Australia includes core subjects such as finance, international business, accounting, etc. Here are some of the best MBA specialisations available and subjects offered in Australia –
- MBA in consultancy
- MBA in information technology
- MBA in corporate social responsibility
- MBA in sports management
- MBA in tourism management
- MBA in strategy
- MBA in innovation management
MBA Degree in Australia without GMAT
Students who do not have GMAT scores can apply to the following universities –
- ANU College of Business and Economics, Australian National University
- La Trobe University
- Sydney Business School, University of Wollongong
- Australian Catholic University
- Curtin University
- Monash University
Scholarships
Many Australian universities offer scholarships and financial assistance to help students cover their costs and economic burdens. Over 500 scholarship programs are available for students pursuing an MBA in Australia. These scholarships cover the basic costs and help students with sufficient funds to continue the hassle-free academic journey. Some of the top scholarships offered by MBA colleges in Australia are as follows –
| Scholarship | Offered by | Award value |
| ANU MBA Scholarship | Australian National Univerisity | 25%, 50%, 75%, and 100% off the tuition fees. |
| Monash International Leadership Scholarship | Monash University | 100% off the tuition fees |
| MBA Global International Student Scholarship | University of New Castle | $2500 |
| MBA International Scholarship | Curtin University | $15,000 |
| USQ Scholarship | University of Southern Queensland | 20% off the tuition fee |
Jobs and Careers
MBA graduates are highly sought after in various domains, including marketing, banking, finance, manufacturing, and technology. Popular career options after pursuing an MBA include finance manager, senior product manager, and business analyst.
Salary
As per the QS Top MBA Jobs & Salary Trends Report 2021/22, Australia is at the top. The average compensation for MBA jobs in Australia stands at around $145,000 annually. Leading recruiters include Westpac Banking Corporation, ANZ, CHEP, The Alternative Board of Australia, Simond Homes, etc. Here is a pay scale for each job designation –
| Job Profile | Average Salary |
| Marketing Manager | $103,000 |
| Senior product manager | $202,200 |
| CEO | $143,000 |
| Sales Consultant | $82,000 |
| Account Manager | $50,000 |
Top Universities for an MBA in Australia
To learn more about the MBA universities in Australia, find details on the top ranking MBA programs in the QS World University Rankings by Subject 2024 below:
| Rank | University | Acceptance rate |
| 1 | The University of New South Wales | 30% |
| 2 | The University of Melbourne | 70% |
| 3 | The University of Sydney | 30% |
| 4 | Monash University | 40% |
| 5 | Australian National University | 35% |
| 6 | The University of Queensland | 40% |
| 7 | University of Technology Sydney | 30% |
| 8 | RMIT University | 22% |
| 9 | Deakin University | 75% |
| 10 | Macquarie University | 54% |
Study an MBA in Australia
If you want to learn more about studying an MBA at an Australian business school, arrange a free consultation with SI-Australia today.
MBA in Australia FAQ
Is Australia good for an MBA?
Australia is considered one of the top study destinations for international students, as it stands at the top according to the QS World Ranking 2023. According to the QS MBA report, MBA graduates in Australia earn an average of $145,000 annually.
Is GMAT compulsory for an MBA in Australia?
A GMAT score is mandatory to get admission into MBA courses in Australia. However, only some colleges and universities in Australia accept MBA admissions without GMAT scores, which include La Trobe University, Monash University, Curtin University, Australian Catholic University, etc.
Which MBA course is best in Australia?
An MBA in marketing is one of the best courses in Australia. Students graduating with this specialisation can get jobs as marketing managers, business development managers, senior business analysts, or sales managers, among others.