MBA without GMAT in Australia

Posted on: July 8, 2016

Did you know that MBA graduates from Australian universities get the second highest salaries in the world? In fact, they are the highest paid MBA graduates in Asia Pacific. What's probably even better news for you is that several of these well ranked Australian universities accept applicants without GMAT scores.

Why don't they require GMAT scores? Because these universities, along with many others worldwide, acknowledge that the GMAT may not necessarily be the best indication of an applicant's aptitude for the MBA.

This view is very popular in Australia and applicants without GMAT scores are accepted by several well known, well ranked universities including Monash University (which is a member of the prestigious Group of Eight) and Macquarie University (which was recently ranked as the top MBA program in Australia by the Financial Times).

We've provided a list of the popular Australian universities that offer an MBA without GMAT in the table below. The list is sorted based on the QS World University Rankings by Subject 2016 for 'Business & Management Studies'.

Australian Universities for MBA without GMAT

University Rank Cost/ Fees per year Duration
Monash University 32 A$ 32,700 2
RMIT University 51-100 A$ 36,480 2
University of Technology Sydney (UTS) 51-100 A$ 30,672 2
Macquarie University 101-150 A$ 38,000 2
Deakin University 101-150 A$ 33,000 2
Curtin University 101-150 A$ 39,150 1.5
University of Adelaide 101-150 A$ 41,000 1.5
Griffith University 151-200 A$ 35,000 1.5
University of South Australia 151-200 A$ 35,300 2
University of Wollongong 151-200 A$ 33,792 1 - 1.5
La Trobe University N/A A$ 33,250 2
University of Newcastle N/A A$ 31,280 1.5
University of Western Sydney N/A A$ 26,600 2

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

MBA recognition and industry ties

As you can see from the list, most these courses are very well ranked globally. In fact, the average salaries of MBA graduates from two of these business schools, namely, Monash University and La Trobe University, are reported to be among the top 10 in Australia.

Similarly, the Macquarie MBA has been recognised as #2 in the world for salary increases after the MBA course.

You should also know that several universities in the list have strong ties with companies and the industry. A good example is RMIT University. The MBA at RMIT University gives you hands-on learning experiences and, more importantly, direct links to the senior members of partner organisations which currently includes Telstra, Siemens and Prudential Investment Company of Australia (PICA).

Admission requirements

So what criteria do these universities use?

Although the admission requirement for each university differs, the minimum criteria only varies marginally. The universities take a holistic view of your application and if you don't have a GMAT score then the main criteria that they use to assess your application will typically be the marks you have secured in your Bachelor's degree and/or your work experience. The amount of work experience that you require varies from university to university and you will even need to show evidence of managerial work experience for some universities.

Most affordable MBAs without GMAT

And finally we come to costs, which is usually a big concern for international students. The table below lists the same universities as above but this time they are sorted on the basis of their annual tuition fees for the course.

University Rank Cost/ Fees per year Duration
University of Western Sydney N/A A$ 26,600 2
University of Technology Sydney (UTS) 51-100 A$ 30,672 2
University of Newcastle N/A A$ 31,280 1.5
Monash University 32 A$ 32,700 2
Deakin University 101-150 A$ 33,000 2
La Trobe University N/A A$ 33,250 2
University of Wollongong 151-200 A$ 33,792 1 - 1.5
Griffith University 151-200 A$ 35,000 1.5
University of South Australia 151-200 A$ 35,300 2
RMIT University 51-100 A$ 36,480 2
Macquarie University 101-150 A$ 38,000 2
Curtin University 101-150 A$ 39,150 1.5
University of Adelaide 101-150 A$ 41,000 1.5

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

Conclusion

MBA graduates from Australian universities are performing really well and a lot of these well-known Australian business schools are now accepting applicants without GMAT scores. We've provided you with a list of popular universities that fall in this category and hopefully this will help you get started. Remember, the MBA is a long term investment in terms of time and money and it's important that you find a university that is the right fit for you. Good luck!

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