MBA in Australia

Here's something you should know: MBA graduates in Australia are the highest paid in the Asia Pacific. In fact, they have the second highest salaries worldwide. This is probably why it is such a popular program.

In this post, we'll provide you with a detailed overview of the popular universities that offer an MBA in Australia, the rankings of Australian business schools and the fees and costs that are involved.

We'll take a look at admission requirements, what you need to do to get accepted and much more.

By the end, you'll have a clear understanding of MBA program in Australia and how you can apply to them.

MBA in Australia: Costs and Fees

We've started with finances as it is one of the most popular concerns. In the table below, you will find a comprehensive list of popular MBAs in Australia and their costs and fees for Indian students.

University Rank Cost / Fees per year
University of Technology Sydney (UTS) 51-100 A$ 30,660
Monash University 32 A$ 32,700
Deakin University 101-150 A$ 33,000
University of South Australia 151-200 A$ 33,000
University of Wollongong 151-200 A$ 33,792
Griffith University 151-200 A$ 35,000
Queensland University of Technology (QUT) 101-150 A$ 35,600
RMIT University 51-100 A$ 36,480
University of New South Wales 24 A$ 37,920
Macquarie University 101-150 A$ 38,000
University of Adelaide 101-150 A$ 38,500
Australian National University 45 A$ 39,024
Curtin University 101-150 A$ 39,150
University of Queensland 51-100 A$ 66,144
University of Western Australia 51-100 A$ 68,500
University of Melbourne 15 A$ 81,400
Edith Cowan University - A$ 21,600
University of Southern Queensland - A$ 22,150
James Cook University - A$ 24,000
Charles Sturt University - A$ 24,800
Victoria University - A$ 25,400
Swinburne University of Technology - A$ 26,130
Bond University - A$ 26,430
University of Western Sydney - A$ 26,600
University of Canberra - A$ 27,520
Flinders University - A$ 27,800
Murdoch University - A$ 30,755
University of Tasmania - A$ 32,500
University of Newcastle - A$ 32,760
La Trobe University - A$ 33,510

The Rank column is based on the 2016 QS World University Rankings by Subject for 'Business & Management Studies'

As you can see, the MBA costs vary considerably from university to university. We've also provided the rankings of the Australian universities along with the costs so that you can make a more informed comparison and shortlist the right universities.

Bear in mind that the costs and fees are for Indian students and may differ for domestic students.

Admission requirements and eligibility criteria

Now that you have a clear idea of the cost of pursuing an MBA in Australia, we'll move on to the admission requirements.

Admission requirements vary but here's the good news: Quite a few of the popular universities in Australia do not require GMAT scores for their MBA programs.

There are a few Australian universities, such as, University of Melbourne and University of New South Wales, which list GMAT scores as a mandatory requirement but there are several well-known, well-ranked Australian universities that accept MBA applicants without GMAT scores.

The situation is quite different when it comes to work experience. Most of the popular universities in Australia are looking for MBA applicants with work experience and the minimum amount of work experience that is required varies from university to university.

However, there are a few universities that accept MBA applicants without work experience and if you're looking to apply to those universities then read this article before you apply.

In addition to GMAT scores and work experience, admission requirements will typically include Undergraduate/Bachelors degree scores and scores from an English language test, such as, the IELTS, TOEFL or PTE.

IELTS requirements

The IELTS requirement for an MBA in Australia is usually an overall score of 6.5 with a minimum score of 6 in each of the individual bands (or the TOEFL or PTE equivalent of this score).

There are two things that you should keep in mind. Firstly, this is just a rough guideline and the requirements may be different for some universities. For instance, the University of Western Australia requires an overall IELTS score of 7.0 and a minimum of 6.5 in each of the bands for its MBA program. And secondly, these requirements are for Indian students and may vary for other students.

Top universities

And now we come to rankings. In the table below, we have listed the popular Australian business schools on the basis of the 2016 QS World University Rankings by Subject for 'Business & Management Studies'.

University Rank Cost/ Fees per year
University of Melbourne 15 A$ 81,400
University of New South Wales 24 A$ 37,920
Monash University 32 A$ 32,700
Australian National University 45 A$ 39,024
University of Technology Sydney (UTS) 51-100 A$ 30,660
RMIT University 51-100 A$ 36,480
University of Queensland 51-100 A$ 66,144
University of Western Australia 51-100 A$ 68,500
Deakin University 101-150 A$ 33,000
Queensland University of Technology (QUT) 101-150 A$ 35,600
Macquarie University 101-150 A$ 38,000
University of Adelaide 101-150 A$ 38,500
Curtin University 101-150 A$ 39,150
University of South Australia 151-200 A$ 33,000
University of Wollongong 151-200 A$ 33,792
Griffith University 151-200 A$ 35,000
La Trobe University - A$ 33,510
University of Newcastle - A$ 32,760
University of Tasmania - A$ 32,500
Murdoch University - A$ 30,755
Flinders University - A$ 27,800
University of Canberra - A$ 27,520
University of Western Sydney - A$ 26,600
Bond University - A$ 26,430
Swinburne University of Technology - A$ 26,130
Victoria University - A$ 25,400
Charles Sturt University - A$ 24,800
James Cook University - A$ 24,000
University of Southern Queensland - A$ 22,150
Edith Cowan University - A$ 21,600

The Rank column is based on the 2016 QS World University Rankings by Subject for 'Business & Management Studies'

Conclusion

Now that you have a comprehensive overview of universities that offer the MBA in Australia, you can start shortlisting universities and applying to them. You know the best ranked universities, the most affordable universities and the ones in between.

Remember, you should take all the factors into consideration before making a decision. There is no point in selecting a highly ranked MBA if you can't afford it and will be crumbling under the pressure of student loans on completion. At the same time, it makes no sense to select an MBA program that has little or no reputation simply because it is cheap. Weigh all the factors and select an MBA program that is the best fit for you.

Do you have any specific questions that were not covered in this article? Please fill out this enquiry form and we will get back to you.

Scholarships, Work Permits & more!

Get the latest updates on scholarships, work permit rules, admission requirements and more with our newsletter.

Get Updates