MBA in Australia
An MBA is a Master’s degree in business that gives you knowledge about becoming business professionals and senior executives. It is one of the most famous courses in the world because the MBA curriculum gives a firm base in business basics like marketing, accounting, finance, strategy, business ethics, and human resources. Studying various case studies are useful and are done by business professionals so that they can test their business mind and become excellent in handling various fields in business. This is really necessary as with just theoretical knowledge about your subject you can’t go really far. A proper insight is given with the help of case studies which provide much of a benefit in the future problems faced by the aspirants.
MBA in an institution in Australia
Australia has a modern way of living, beautiful scenic beauty, up to date infrastructure, and hospitable culture. These are some of the things which attract students to live there.
- Amongst all the business schools around the world, Australia’s five business schools are ranked in the top 100 business schools. This is ranked by QS Global MBA Ranking 2023.
- Australia has been included in the fifth position amongst all the countries for doing MBA. The average salary provided in Australia for MBA is 98400 USD
Various number of students choose to do their work management course in Australia to do various reasons, some of them are listed below:-
- In terms of orientation and curriculum, you will find the MBA programs in Australia to be internationally acclaimed and they are according to the latest industry standards.
- There is a lot to choose from, you can do your major in MBA from a great variety of subjects that the institutions in Australia offer such as from education management or sports management to general subjects also like banking and finance.
- The education system of Australia focuses on all-round development of students both theoretical and practical learning are equally emphasize, which polishes the student and makes them ready to face each and every kind of situation this course will offer them in the future. It leads to an all-over personal development like in communication, getting leadership skills and it also gives a boost in confidence in them and makes them independent.
- Australia has an extraordinary education system, in present times there are over 50 Australian universities offering specialized MBA programs. B schools follow Harvard-style management degrees which provide in approx. 16 different business subjects, delivered full time, in 16 months to 2-year span. The 16-month program is offered by institutions that follow a trimester system to help subsidize the cost of an MBA degree for its students.
Taking the decision of the destination to study
The factors which are considered before choosing Australia as a place to do your MBA are good placement, perfect infrastructure, low tuition fees. Institution’s ranking, curriculum offered, faculty, international accreditation, and scholarships offered should also be keep kept in mind before choosing any institution.
Some of the top MBA colleges in Australia
| Ranking | University | Location |
| 1 | AGSM University of New South Wales | Sydney, New South Wales |
| 2 | Melbourne Business School | Melbourne, Victoria |
| 3 | UTS Business School, University of Technology, Sydney | Sydney, New South Wales |
| 4 | UQ Business School, University of Queensland | Brisbane, Queensland |
| 5 | Macquarie Graduate School of Management | Sydney, New South Wales |
Eligibility
Requirements of entry depend on the type of qualification you choose. There are 2 options generally ,
- a general management course which means studying general management subjects or with a focus on any industry
- master of business administration( MBA)
The exact requirements for the entry for the institution of choice has to be checked carefully. Some of them which are the most common are listed below:-
- The majority of institutions ask for a good score so you might need to appear for the GMAT exam.
- A 3 or 4-year bachelor’s degree with a minimum score of 60% is also asked by most of the institutions.
- 3 years of work experience might be asked. However, some of the universities also accept students without any prior work experience.
- You also have to submit your English language proficiency score such as the IELTS band score.
Cost of studying MBA in Australia
The tuition fees can approximately range anywhere between AUS $ 50,000 to AUS $81,400 it could vary from institution to institution. In 2019 , specific programs like an executive MBA in the University of Melbourne had approximately $126,000 while the executive master of business administration (EMBA) cost approximately $ 103,500.
Some of the courses such as Master of Business Administration and Master of International Commercial Law at the University of Western Australia will cost approximately AUS $122,500.
Course duration
MBA course in an Australian institution has a duration of 15 months to 2 years. But some of the universities also offer a one year MBA course
Top career options
After the completion of your MBA degree, there are abundant possibilities you can explore and choose any suitable role as Account Manager, Account Director, Senior account director, Business Relationship Manager, Sales Manager, Business Development Manager, Director of Business Development, Company Co-Founder, Company Director, Finance Director, Finance Manager, General Manager Of Finance And Administration, General Manager Operations, Construction Manager, Health Services Administrator, IT Project Manager, Digital Marketing Manager, Marketing Director, Manager Operations, Warehouse Manager, Brand Manager, Senior Product Manager, Principal Program Manager, Director of Sales and Marketing and Regional Sales Manager.
Work visa after study
A work visa is necessary to stay and work in Australia after completion of the course. This is the most common work visa for international students who wish to work in Australia.
| Visa | Time period |
| Temporary Graduate visa (subclass 485) | 2 – 4 years, depending upon a person’s qualifications |
It takes around 6 to 12 months for the processing of your visa. Temporary visa validity is for a period of a minimum of 18 months to 4 years and can be taken by a student who completes at least 2 years of study in Australia.
A lot of students invest their money in pursuing MBA program in Australia. The major reason for it is the various internship programs that are offered and placement potential. In addition, Australia stands out in the job market for making highly skilled MBA professionals.
