MBA is one of the most rewarding courses to pursue. You can choose to do an MBA in different specializations – be it Finance, HR, Marketing, Operations etc.
On our Insights, you’ll find a wide range of information on courses, programmes, and all information you need on global education. We also have a superb series on MBAs in different parts of the world and in different specializations.
Also, did you know that there are cheap universities in Australia that offer affordable education?
Seen as one of the top global ed destinations for international students, Australia is a great place to study. The country has much more to offer than the wide open spaces of outback bush, kangaroos, clean air, and water. This culturally diverse and vibrant nation promises one of the highest employability for graduate students from across disciplines.
Australia is one of the most technologically advanced countries, and this has a clear impact on the higher education system of the country. It is now the third most populated destination for international students in English-speaking countries and offers a wide variety of courses with the best employability for international students. Australia is also a country that is famous for its diverse terrain: with beautiful mountains, and lakes all around the country, the scenic beauty of the country is something that an international student should definitely look forward to.
Universities in Australia work with a motto of outcome-based education and offer campus placements in the best companies around the world. MBA programmes here are recognised all around the world as the degrees have AQF affiliation, and all the courses fulfill the maximum AQF criteria.
According to the QS world ranking, Australia is among the top five global ed destinations to pursue an MBA course. As per the QS MBA rank list, 13 universities are ranked in the Top 250 business schools in the world. Australia has also been listed in the top five destinations for international students who want to pursue MBA abroad.
Today there are more than 12,86,400 Indian students enrolled in various courses around top universities in Australia, forming the second largest group of foreign students after China. International students studying in Australia can work for 40 hours while studying, and this will help the students overcome the financial burden that they have and earn some extra income.
Universities and colleges in Australia offer MBA as a one-year full-time professional degree. When it comes to the category of MBA graduate remuneration, this country is one of the top countries and has secured fifth place. Placement opportunities are another reason why Australian universities are preferred by international students to pursue an MBA course. The Australian Graduate School of Management has a placement record of 69%, The Melbourne Business School has a placement record of 88%, and UCLA has a payment record of 88%
Following are the top MBA courses offered in Australian universities :
The fees for studying in Australia will largely depend on the tuition fee and the cost of living. The cost of studying can be divided into two categories, pre-arrival and post-arrival. Pre-arrival will include all the expenses, from submitting the application form to the fee required for studying GMAT or GRE, this is the expenses that the student will have to meet to prepare himself to get into the best Australian university.
The post-arrival cost will include all the other expenses which the student will have to meet after securing admission; this largely includes tuition fees, material costs, transportation, accommodation, and food. The cost of studying in Australia has increased since 2022, but students can also find pocket-friendly universities in Australia where the tuition fee will be much lesser than that of many other top global ed destinations. The cost of studying an MBA program in Australia can vary from 15,000 AUD to 126,000 AUD.
Among the best institutions in Australia to study an MBA, UWA Business School, and La Trobe business school are the most pocket-friendly institutions. Accommodation in Australia depends on the kind of housing and the location that you are looking for; according to the Department of Home Affairs of Australia, the annual living cost for an international student to live in Australia will be around 20,000 AUD. The data provided by the government includes accommodation, food, materials and books, transportation, and other small personal expenses.
To find accommodation at hostels and guesthouses, the minimum amount will be 7000 AUD, and for a shared rental, it will be around 75000 AUD. On average, the student will have to spend 30 AUD per week for transportation and 190 AUD for food and groceries.
Following are the cheapest study cities in Australia :
International students graduating MBA always prefer to stay back in Australia as the country offers numerous opportunities for fresh graduates as well as experienced professionals. To get a Permanent Residency in Australia, students can pursue main pathways like Skilled Migration, Employer Nomination Scheme or State Nomination.
MBA is one such course that will help the graduate student apply for a permanent residency in Australia. Graduate students have few options to get a PR after successfully completing an MBA program from an Australian university. Students can apply for a 485 visa or the skilled graduate visa, which allows MBA graduates to get work experience. This visa is a temporary visa for graduates and students who want to continue their studies.
General Skilled Migration or to get a PR after MBA, the graduates will have to go through a few other formalities. The Department of Immigration and border protection provides PR status for graduates. PR in Australia is dependent on the score that the student has, to apply for a permanent residency, you will need a minimum score of 65 points on the point test.
The point table will analyse your graduate courses, marks obtained, age ( should be between 18 to 49), a minimum score of 6 in IELTS, work experience in Australia, and proof that you have nominated and opted for a skilled assessment for a particular occupation on the Skilled Occupation List.
| Name | Rank | Duration | Fees | Eligibility |
| Melbourne Business School | 26 | 2 years | AUD 99,630 | A good GMAT/GRE score Two years’ work experience Two confidential professional referees English proficiency |
| UNSW Sydney Business School | 35 | 1 Year | AUD 78,480 | GMAT score greater than 650, with the average GMAT for incoming students in 2022 at 679. A minimum of two years of full-time professional or managerial work experience after the completion of an undergraduate degree. |
| Monash Business School | 73 | 2 years | AUD 30,360 | A minimum of three years’ work experience, with a minimum of one year of managerial experience IELTS score of 6.5overall TOEFL score of 79 overall GMAT/GRE scores are not required |
| Macquarie Business School | 84 | 2 years | AUD 60,873 | A bachelor’s degree or equivalent from a recognised institution with a minimum GPA of 5.0 on a 7.0 scale IELTS score of 6.0overall TOEFL score of 94 overall Students without a bachelor’s qualification can apply if they have a minimum of 3 years of relevant work experience. |
| ANU Business School | 131-140 | 1.6 years | AUD 48,680 | A bachelor’s degree or equivalent from a recognised institution with a minimum GPA of 5.0 on a 7.0 scale IELTS score of 6.0overall TOEFL score of 94 overall Students without a bachelor’s qualification can apply if they have a minimum of 3 years of relevant work experience. |
| UTS Business School | 151-200 | 2 years | AUD 41,583 | Graduation CGPA of 5.25/7 Minimum Academic Requirement: At least a grade point average (GPA) of 5.25 out of 7 with less than 10 per cent fail grades IELTS score of 6.5overall TOEFL score of 79 overall |
| UniSA Business School | 151-200 | 1.5 years | AUD 37,800 | A minimum of three years of full-time management experience A recognised university Bachelor’s degree or equivalent professional qualifications; IELTS total of 6.5 |
| UQ Business School | 94 | 1 year | AUD 84,648 | Bachelor’s degree (or equivalent) in any discipline The Graduate Diploma in Business Administration from UQ A GPA of at least 4.50 on a 7-point scale IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6. For other English Language Proficiency Tests and Scores approved for UQ TOEFL IBT – Overall 87, listening 19, reading 19, writing 21 and speaking 19. |
| UWA Business School | 111-120 | 1.4 year | AUD 60,600 | Bachelor’s degree, or an equivalent qualification, as recognized by UWA. The equivalent of a UWA weighted average mark of at least 50 per cent Two years of professional experience in a relevant occupation GMAT score of at least 650 |
| Victoria University | 201-250 | 2 years | AUD 70,000 | Completion of an Australian Bachelor’s degree (or equivalent) in any discipline or completion of an Australian Graduate Diploma (or equivalent) in a similar discipline IELTS (or equivalent): Overall score of 6.5 (with no band less than 6.0 in Listening, Reading, Writing and Speaking) |
Ranking :QS Subject Ranking for Global MBA 2022
Melbourne has ranked number one in the most livable cities in the world, and this beautiful city is home to some of the best-known educational institutions. Melbourne Business School is a popular business school at the University of Melbourne. The school is famous for programmes offered in the field of business studies.
Established in 1955, Melbourne Business School is now one of the best-performing business schools around the world because of its solid research outcomes and teaching quality. The University of Melbourne is currently home to 55,000 students, and close to 46% of this is international students from over 150 countries.
Melbourne University has been awarded the 33rd rank in the QS top university around the world ranking, and according to the TIMES best university ranking, the University of Melbourne has received the 33rd rank. The university has also been awarded the 33rd rank in the Impact ranking in 2022.
According to the Economics 2021 ranking, Melbourne Business School is the top most B-school to study a business program. Melbourne Business School is accredited by AACSB and EFMD; these accreditations ensure the quality of education offered and also help international students get the best business jobs around the world. Melbourne Business School is now focused on a sustainable future and works towards its goal of a better tomorrow where sustainability is of prime importance.
Every year MBA graduates from the Melbourne Business School receive one of the highest packages in the field of business studies as the degree offered by the university is a highly valuable and promising one. Presently there are 10,000 MBS amines around the world. 95% of MBA graduates have received a placement offer within three months of graduation. Following are the major companies who have partnered with the school for MBA placement :
The average tuition fee at the Melbourne Business School will be around AUD 99,630, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
International students will have to obtain Overseas Student Health Cover (OSHC) for the duration of their stay in Australia. The cost is approximately AUD $1,428.
MBS Scholarships is a partially funded scholarship for students pursuing an MBA, and all full-time MBA applicants with a valid visa who receive an offer of admission are automatically considered. Students who are pursuing executive MBA and senior executive MBA need to indicate they would like to be considered when submitting their application for admission.
Following are a few other scholarships that students can apply for :
Established in 2006, UNSW Sydney Business School is one of the most reputed business schools in Australia. UNSW Sydney Business School has 42 programs, including 26 undergraduate and 26 specialist master’s degrees and 6 MBA and executive programs through the Australian Graduate School of Management.
UNSW Sydney Business School now has a total student strength of 14,519, out of which 8,283 students are pursuing undergraduate programs and 5,854 students are pursuing graduate programs. The school also has an outstanding history of path-breaking research, and 2% of the students are enrolled in research programs.
With a 41% representation of international students, UNSW Sydney Business School is one of the most culturally diverse business schools where students from all around the world come to student business-related courses. Students can complete the accelerated Full-Time MBA in just 12 months and plan their career transformation with the dedicated Careers team of the school. UNSW Sydney Business School is popular for its student communities from Asian countries, and students from China and Hong Kong top this list.
UNSW Sydney Business School has been accredited by multiple agencies like EQUIS and AACSB. The programmes offered by the school are also accredited by professional bodies like:
Ph.D. scholars of the UNSW Sydney Business School have gone on to work at leading universities and in important government and industry positions, and MBA graduates have received the best career opportunities around the world.
UNSW Sydney Business School has some of the highest starting salaries in Australia, and the UNSW has more start-up founders and millionaires than any other Australian university. The report about Australia’s Top 50 CEOs has found that UNSW has educated more corporate leaders than any other institution.
The average tuition fee at the UNSW Sydney Business School for the MBA program will be around AUD 78,480 and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses. The 2022 fee per course in the Full-Time MBA extension Program for 24 months is AUD$6,540*, and the fee per course in the extension year is AUD 2,760. The total estimated cost of the program is AUD 100,560.
In 2014, the UNSW Business School provided 242 students with scholarships, adding to a total value of $3,087,752. Additionally, 64 students received prizes valued at a total of $32,000.The following are the scholarships offered by the school :
The Monash Business School is one of the ten primary faculties at Monash University. Monash Business School is home to over 16,307 students and 420 academic staff. Monash Business School is famous for its research contribution to the field of business studies and management.
Monash Business School works with a motto to create a thriving, equitable, and sustainable future for all, and through inclusive business education and research, Monash Business School develops leaders and empowers communities to solve global economic, environmental, and social challenges.
Monash Business School has been awarded triple accreditation (AACSB, EQUIS, AMBA), and only 97 business schools in the world have this prestigious achievement. Monash Business School has a strong alumni network of 142,342 alumni from around the world, with 64% of them living in Australia.
According to the QS Global Rankings for Oceania 2022, the MBA program at the Monash Business school has been awarded the 3rd rank, and according to the QS Global Rankings 2022, the school has been awarded the 73rd rank. According to the Best Global Universities for Economics and Business (Australian Ranking) 2021, the Monash Business School has been ranked number 1, and the Best Global Universities for Economics and Business (Global Ranking) 2021 has awarded the school 26th rank.
Following are the major departments and centres of the school :
Following are the major roles handheld by the graduates of the Monash Business school :
Most of the graduates take up the role of financial control and strategy with great annual remuneration.
The average tuition fee at the Monash Business School for the MBA program will be around AUD30,360, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
The Monash University Scholarships are one of the most famous and generous scholarships that students can look for while studying in Australia. Following are a few popular scholarships awarded by the Monash business school :
Macquarie Business School is a popular business school under Macquarie University. Macquarie University is a public university located in the suburbs of Macquarie Park in Sydney, Australia. The university has a student strength of 40,209 students, and the university has more than 8,500 international students from various countries around the world.
Macquarie Business School was established in 1969 and now has campuses in North Ryde, Sydney, and Hong Kong. The mission of the school is to develop leaders with a global mindset who create sustainable value and are good citizens. Macquarie Business School rethinks, reimagines, and rewrites the rules of business by providing top-quality education and research facilities for students from around the world.
The school is awarded the 1st rank in Australia according to the QS Business Masters Rankings 2023, and the MBA program offered by the university Is under the list of top 100 MBAs in the QS World University Rankings. According to the QS Business Masters Rankings, the 2023 Master of Applied Finance course is ranked number one in Australia.
The MBA program at the Macquarie Business School provides the student with the business skills and knowledge to succeed in an evolving economy where an understanding of digital business models, data, and sustainability is the new language of business.
MBA graduates from the Macquarie Business School earn an average of AUD 200,000 per year, and a few of the top recruiters of the Macquarie Business School include Deloitte, PwC Australia, Macquarie Group, and EY. Schools stand number one in Sydney in the QS Graduate Employability Rankings, 2022, and have 400 + partnered organisations.
Till now, the school has placed more than 4000 students, and they have all found successful career opportunities in their field of study.
Following are a few other major partners of the school :
The average tuition fee at the Macquarie Business School for the MBA program will be around AUD 60,873, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Following are the major scholarships that international students can apply for :
Established in 1946, the College of Business and Economics, Australian National University, is a popular public university in Australia. The school is famous for its research contribution, modern facilities, and also the best quality education.
The business school offers various undergraduate and postgraduate courses in business, economics, and management. The university is home to 20,000 students from around the world and has a very diverse population.
ANU is Australia’s top university and is ranked in the top 30 globally according to the QS World University Rankings 2023. The school is famous for path-breaking research in the field of business and research agendas focused on issues that are highly significant for organisations, the Australian economy, and society at large. The school is also famous for producing employable graduates; ANU is number 1 in Australia and 20th globally, according to the Global University Employability Ranking 2021.
Students can get to the top institutions of the world after graduating from the ANU Business School, and alumni of the school are currently working in multiple roles, like :
The average tuition fee at the ANU Business School for the MBA program will be around AUD 48,680, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Following are the major scholarships that international students can apply for :
UTS Business School is a popular B- school which is a wing of the University of Technology Sydney. UTS Business School is one of the top-ranked young business schools in Australia, which works with a vision to be a leading public university of technology-recognized global impact. The aim of the business school is to produce advanced knowledge with impact through integrative thinking for the next generation of leaders of a globalising world.
The school is popular for its teaching practice and also research, which benefits both industry and society. The University of Technology Sydney currently has a student enrolment of 45,221 through all nine faculties and schools. According to the QS world ranking of young universities, the University of Technology Sydney has been ranked number one in Australia and 11th in the world for the year 2021. The MBA program at the business school is accredited by AACS.
MBA graduates from the UTS Business School get placed at the best universities around the world. The b-school has a lot of national and international partners, which help graduate students get well-remunerated jobs in many multinational companies.
The average tuition fee at the UTS Business School for the MBA program will be around AUD 41,583, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Also, here’s a great list of the top 10 Universities in Sydney for International Students in 2023
The University of South Australia is one of the most famous and reputed universities in Australia. This is a public university which is home to more than 33,800 students, with more than 18% of them being international students.
The university is popular for its exchange partners as it has exchange partners in more than 24 countries. The UniSA Business School is the popular B-school under the university of south Australia, and this school works with a motto to educate and prepare global learners from all backgrounds, instilling professional skills and knowledge, and capacity and drive for lifelong learning.
The UniSA business school is popular for its research outcomes as it is focused on global challenges and opportunities. Currently, there are more than 37,000 students enrolled in this business school, and out of these, 6,800 are international students. UniSA Business School has more than 2,900 staff and 2,500 industry partners.
MBA is offered as a1.5 years course in the school with four different start dates (January, March, June, and September).UniSA Business School is ranked number one for graduate careers by the QILT graduate outcome survey 2019-2020. The university also has received the 29th rank in the QS top 50 universities under the age of 50. Two-week international study tours are also available, including the European Summer School of Advanced Management and the Business in China Intensive School.
Studying at the UniSA business school will help students get into the best companies around the world. Graduates from the university also take up research roles in the future as the foundation for research is a very strong subject that is promoted by the school. Many of the multinational giants are also partnered with the school as part of their hiring process, and this helps the students get into the company in the final lap of their studies.
The average tuition fee at the UniSA for the MBA program will be around AUD 37,800, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
More than 2,500 students benefit from UniSA scholarships each year, and the following are the most popular scholarships available for international students :
Established in 1909, the University Of Queensland is one of Australia’s leading teaching and research universities. Presently there are around 18074 international students studying at the university, and there are three different campuses for the university. UQ Business School is the B-school of the University of Queensland, and the MBA program of the university is one of the most famous courses offered by the university.
MBA is offered as a one-year course, and the program consists of 12 courses that cover all the important topics of business management which includes both theory and practice-related subjects. For the successful completion of the course, a student will have to complete 24 units from the four units related to management framework, 18 related to IT, HR, Finance, Leadership, and operations, and two units from entrepreneurship management.
The MBA program at the school is accredited by AACSB and EQUIS, and the researcher from the school has been awarded an Australian Research Council Australian Laureate Fellowship award. The MBA program is ranked number one according to the Economist MBA ranking, and the university is ranked 213 according to the QS World university ranking.
Following are the major roles handled by the MBA graduates of the UQ business school :
According to the official data from the school, a graduate from the UQ business school who is working in the role of the Chief Executive Officer (CEO) will earn a remuneration of $120-304K, and a graduate working as a Chief Operating Officer (COO) will earn an annual remuneration of $107-249K.100% of UQ MBA graduates seeking a new role found one within three months, and the average salary for MBA graduates in Australia is $101.
The average tuition fee at the UQ business school for the MBA program will be around AUD 84,648, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Established in the 1911 University of Western Australia is a popular research university and the sixth oldest university in Australia. UWA Business School is a business school at the University of Western Australia, this business school was established in 1912, and started by teaching economics.
Presently the school is home to 4,929 students and has four different disciplines; Accounting and finance, economics, management and organisations, and marketing. MBA is offered as a two-year program with three different intakes a year. According to the Times university ranking, UWA Business School is ranked 132 out of the top 1200 business schools around the world.
The school is ranked in the Top 3 Best Business Schools in Australia (AFR BOSS Best Business Schools 2022) and is ranked number one by the Best Business School in Western Australia (AFR BOSS Best Business Schools 2022). Students from over 62 countries are part of the school, and the school has 30+ corporate supporters.
The School is the only one in Western Australia to hold both the European Quality Improvement System (EQUIS) accreditation and the Association to Advance Collegiate Schools of Business (AACSB) accreditation.
The school every year organises careers and employability workshops for students to get the best out of the placements and get the right job that is apt for their talent. The following are the major goals of the workshop :
Following are the major roles handled by the MBA graduates of the UWA business school :
The average tuition fee at the UWA Business School for the MBA program will be around AUD 60,600, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Victoria University is a public research university based in Melbourne which provides both higher education as well as technical education. According to the times, higher education world university ranking Victoria university is in the top 2% of universities worldwide.
MBA is one of the most prestigious courses at Victoria university. The main aim of the course at the university is to gain specialist knowledge and skills that will prepare the student for senior management positions in a variety of fields. According to the CEO magazine 2019 global ranking, the MBA course at Victoria university was given a tier-one rating. MBA is a two-year course in the university with three different intakes every year.
Successful completion of an MBA course from Victoria university will help the student to get general management and middle management positions in a variety of industries.
The average tuition fee at the Victoria university l for the MBA program will be around AUD 70,000, and this includes tuition fees and also material charges, but this doesn’t include housing or other expenses.
Now that we have discussed in detail the requirements of pursuing an MBA in Australia, top universities, colleges, eligibility, and fees, here’s a look at how you can apply seamlessly to these courses. Applying for the best courses is literally a touch away with the T.C. Global web application or mobile app.
Explore courses and start your journey here.
To move forward with us, download our app or visit tcglobal.com and sign in to create an account on our student platform! ? Once you’re logged in to your platform, onboard with us by giving us some initial information!
✅Once you’ve done this, visit Calendly.com/tcglobal to pick a Relationships team closest to you and choose a slot that works well for you for an e-meet with our team ???
Let’s shape your future together ??
You May Also Like:
Choose Insight topics that you are interested in to subscribe for your personalized newsletter.
