Australia has become a popular destination for prospective students with ambitions of higher education owing to its excellent educational infrastructure, high level of life, and lower cost of living compared to other preferred study locations.
Degrees from Australia are recognized globally. Australia, with its rich culture and environment, might be an excellent option for you.
Every major city in Australia, including Melbourne and Sydney, has extremely respectable institutions, with Melbourne Business School consistently ranking among the top B-schools worldwide, and the MBA programs provided are popular with students from all over the world.
It is not unusual to see Asian and South American graduates go to Australia to pursue an MBA!
The key draws for international students in Australia are the high quality of institutes, the ease of immigration, and the availability of good chances.
MBA in Australia
Australia boasts eight of the world’s best universities.
Australia is a famous study abroad location for international students due to its world-class education, post-study career prospects, and high standard of life. Seven of Australia’s 43 institutions are regarded for providing the top MBA programs.
MBA in Australia is a one-year (full-time) professional degree offered by more than 50 universities around the country.
Tuition for an MBA in Australia might cost up to 80,000UD. Scholarships for MBA in Australia, on the other hand, can help to reduce costs.
Scholarships for MBA in Australia, on the other hand, can help to keep costs down.
Scholarships are provided from both the government and institutions, both completely and partially sponsored.
Aside from that, the cost of living in Australia is substantially lower than in the United Kingdom or the United States.
Accounting and finance are some of the highest-paying MBA jobs, with an annual salary of 61,229 USD on average in Australia.
Australia’s Best MBA Specializations
When it comes to styles of learning, Australian business schools are similarly liberal. They provide a wide range of learning options. Following are the some of best MBA specialization of Australia:
Human Resources Management
Human resource management is here to stay! HR managers will be in high demand as long as a business find and hire employees!
HR managers are hired by businesses to handle activities such as recruiting, staff development, training and retention, performance analysis, remuneration, and rewarding.
Marketing Management
Businesses require an efficient marketing plan to sell goods and services.
They rely on experienced marketing managers to create, test and implement marketing initiatives and strategies.
In summary, talented marketing executives will always be in high demand!
Digital Management
Digital Marketing has grown in importance as a result of the advancement of IT and digital technology.
Digital media, online branding, and e-commerce have all created new opportunities!
Companies need talented Digital Marketers to be competitive in the Digital Age.
This relatively new MBA concentration is here to stay and will provide more career prospects in the future!
IT (Information Technology)
IT is crucial in our everyday life. IT systems are used for a variety of applications, including healthcare, education, governance, entertainment, and commerce!
The MBA in IT program is well-known for producing IT managers.
IT managers are employed by IT corporations and related businesses to oversee IT initiatives.
Tourism & Travel Management
Australia’s travel and tourism business is flourishing.
Hundreds of thousands of visitors visit New Zealand each year!
If you wish to work in the travel and tourist industry, this academic program can help you!
Financial Management
Why do corporations recruit financial executives?
Finance managers make certain that there is adequate cash flow.
They are in charge of strategic management and financial choices.
They are critical in ensuring a company’s operational health. Finance professionals will always be in high demand!
Business Analytics
Data, when correctly examined, can do wonders for a business!
Business analytics is mostly concerned with data analysis and statistical methodologies!
Business analytics uses a collection of measurements to evaluate and analyze a company’s historical performance.
The conclusion may be used to develop future strategies and strategies for the organization!
Media Management
Newspapers, digital media companies, internet media companies, publishing companies, and other organizations hire media managers.
Traditional and new media are here to stay.
Skilled media managers will always be in demand as long as it exists!
Aviation Management
Australia’s aviation sector is performing well.
This industry is doing nicely all around the world.
It creates a lot of work chances. Airlines, travel agencies, and tourist companies recruit aviation management personnel.
Healthcare Management
In Australia, the healthcare industry is expanding at a strong rate.
We need qualified healthcare managers to ensure the seamless operation of the healthcare system!
Why MBA in Australia?
Australia is a popular study location for MBA students due to its high-quality education, cutting-edge research possibilities, and good employment possibilities.
Australia’s universities are internationally renowned and provide degrees in the most widely spoken language, English.
Management programs at these institutions focus on instilling leadership characteristics and providing real-world experience. According to the QS Global MBA Ranking 2021, business schools in Australia are placed among the top 100 business schools in the world.
According to QS News, Australia is ranked fifth in the world for MBA wages in 2020.
The MBA program is usually two years long at most colleges.
Most Australian colleges offer MBA programs that last between 15 months and two years.
Aside from that, several colleges have begun to provide one-year MBA programs, such as Melbourne Business School, which provides a one-year MBA program that is quite popular among applicants.
Here are few reasons why pursue MBA in Australia:
Students’ holistic development
Australian business schools have an emphasis on multidisciplinary, encyclopedic learning, intending to promote students’ overall development by concentrating on personal and leadership abilities, as well as building communication skills to foster innovation among students.
Because Australia is a melting pot of western and eastern cultures, tailor-made courses focused on the business environment of the Asia/Pacific area are more likely to be found in Australian business schools than anyplace else in the world.
Any advancements in Asia will not go ignored in Australia, implying that academic and business analyses are allowed room to grow and develop – allowing for special MBA courses to promote a greater understanding of the Asia/Pacific area.
Quality Education
Australia has world-class MBA programs at some of the country’s most respected universities.
An MBA involves a balanced combination of academic and practical training to transform an individual into a professional who proves to be a value to the firm he/she joins. Only reputable and prominent colleges can provide this.
When it comes to MBA programs, the quality of the school speaks a thousand words. And it is in this area that an Australian MBA degree excels. Australia provides highly regarded MBA degrees without burning a large hole in one’s pocket, making it conceivable for a person from a low-income family to pursue a degree there.
Salary
Australia is the world’s fifth-most profitable destination for MBAs to earn a salary after graduation.
MBA graduates can expect to earn a base salary of US$98,400, with average bonuses of US$17,800, for a total pay package of US$116,200.
Living in Australia
Beautiful scenery, huge coastline, contemporary cities, solid infrastructure, and hospitable culture are just a few of the factors that make Australia a desirable country to live in and study.
For seven years in a row, CNN named Melbourne the most livable city, finally sliding to second place in 2018.
However, Melbourne Business School topped our QS Global MBA Rankings: Oceania chart in 2019.
Adelaide and Sydney are also in CNN’s top 10, with Sydney having a robust business community in particular.
Isn’t Australia sounding more tempting now?
Work while studying
Many prospective MBA students will be relieved to learn that in Australia, you may work while you study, helping to balance your study and living expenses.
According to the Australian Government Department of Home Affairs, after you’ve begun your studies on your selected degree, you can work for 40 hours a week when your course is in session and limitless hours when it isn’t.
Course duration
The MBA program is usually two years long at most colleges.
Most Australian colleges offer MBA programs that last between 15 months and two years.
Aside from that, several colleges have begun to provide one-year MBA programs, such as Melbourne Business School, which has established a one-year MBA program that is quite popular among applicants and tempts students to study MBA in Australia.
Top Business Schools in Australia for an MBA
According to the QS News Global MBA Ranking, thirteen Australian university business schools are among the top 250 business schools in the world.
The top ten are shown here, along with their total tuition for the full-time MBA program.
| La Trobe Business School – La Trobe University 41,451 USD RMIT University School of Business – RMIT University 59,393 USD Deakin Business School – Deakin University 43,514 USD ANU College of Business and Economics – Australian National University 49,911 USD UQ Business School – University of Queensland 56,157 USD UWA Business School – University of Western Australia 41,488 USD Macquarie Graduate School of Management – Macquarie University 54,993 USD Monash Business School – Monash University 61,156 USD AGSM Business School – University of New South Wales 60,043 USD Melbourne Business School – University of Melbourne 62,198 USD |
Admissions to MBA in Australia
Admission to business schools is based on grades in an undergraduate degree, appropriate job experience, and an interview performed by business school professors.
To get admitted to an Australian university, you must meet the fundamental Eligibility requirements.
If there are any, the requirements demand that you provide the necessary documentation as well as the applicable application costs.
To apply for an MBA in Australia, you must first choose the institute to which you want to apply.
The next step is to confirm your chosen institution’s eligibility requirements.
Then you must upload the necessary documents.
GMAT/Test Results
TOEFL/IELTS English exam scores, depending on the institute’s requirements
Bachelor’s degree mark sheet/scorecard
Copy of Passport Recommendation Letter (minimum two)
Curriculum Vitae / Resume
English Proficiency Requirement
If English is not your first language and you are from a non-English speaking nation.
In such a scenario, you must submit your IELTS results.
Because the curriculum at Australian institutions is fully in English, your score proved your ability in the language.
Students with IELTS scores ranging from 6.5 to 7.0 can swiftly get admission to prominent MBA programs in Australia.
Student Visa
To enter the country, international candidates must hold an Australian student visa.
You may do the same by paying 620 AUD (35,000 INR) in online application costs and supplying the following papers when applying for a visa.
- Valid passport
- Proof of ID Letter of acceptance from the university/college OSHC health insurance
- Bank statement demonstrating sufficient cash (62,222 AUD per year)
- TOEFL, IELTS, and other English language competency tests
- GTE or Statement of Purpose
- Four current passport-sized photos
Depending on their present location, students may be required to attend a health exam and visa interview.
Cost of studying MBA in Australia
Your expenditures begin when you apply for a visa, continue when you apply for an MBA degree, and continue once you are in Australia, including tuition fees, books, transportation, and lodging charges.
The entire cost of an MBA program in Australia from leading business schools is between 40,000 USD and 63,000 USD.
Among top-ranking institutes in Australia, UWA and La Trobe Business School have the lowest fees, while Melbourne Business School has the most.
Aside from them, everything else will be a basic living expense.
The total cost, including lodging and food expenses, transportation, additional course-related and personal expenses, and insurance, will be around AUD 20,700.
However, the range might vary depending on an individual’s lifestyle and area of residence).
MBA Scholarship in Australia
- MBA Scholarship for Outstanding Students
- International Excellence Scholarship (India);
- South Asia Business and Law Scholarships
- UOW Postgraduate Academic Excellence Scholarship
- MBS Scholarships
- Monash MBA International Women in Leadership Scholarship
- AGSM Global Reach Scholarship and AGSM Excellence Scholarship
- Kraft Heinz Scholarship
In Conclusion
An MBA degree is a well-balanced blend of theoretical knowledge and practical abilities, and Australian institutions offer an excellent mix of these two components.
Furthermore, obtaining an MBA in Australia is less expensive than obtaining an MBA in the United States or the United Kingdom, the other two major MBA locations.
The popularity of MBA courses from Australia may be measured by the fact that there are more than 40 business schools in Australia, and because each school provides a variety of specialties, it is quite easy to believe that there are hundreds of MBA courses available in Australia.
What is a B1 Visa?
