In this blog, we will discuss about the 5 best MBA colleges in Australia. So, let’s get started. Australia is one of the most preferred countries to study by international students. High lifestyle and affordable education make it the third most preferred country to study in after USA and UK. The following are the reasons which help Australia to be one of the best in terms of education.
Best Universities
Australia has some of the best universities all over the world. The courses they offer are also worldwide recognized. Some of the best courses these universities provide are in nursing and healthcare, chemistry, botany, zoology, engineering, business, and mathematics.
Various Scholarships
Many students are not able to pursue their studies in their dream country because of financial issues. Imagining this scenario, the government of Australia is providing various scholarships which help talented students to complete their studies at their dream college. Some of the scholarships are Australia Award Scholarships, CI merit scholarships, etc.
Work While You Study
Australian universities provide students to work in part-time jobs in places like hotels, petrol pumps, bars, etc. Students are allowed to work up to 20 hours per week. Also, students can carry out their living expenses on their own as the minimum wage in Australia is $17 per hour.
No Language Bar
As Australia is one of the countries where English is the primary language, students won’t be able to face any issues with the language barrier and will be easily able to communicate with their friends, in the grocery store, in classes, etc.
Great Weather
Australian weather is moderately hot. The weather is approx above 45° Fahrenheit. Unlike other European countries, this weather is bright, shiny, and tolerable.
MBA Colleges In Australia
Five Australian schools featured in the top 100 in the QS Global MBA Rankings 2021. A multicultural environment helps students adjust well and build networks for future work prospects in Australia.
| MBA colleges in Australia | 55+ |
| Total cost | Tuition Fees: INR 22, 00,000/yr (approx.) Living Expenses: INR 8,00,000/yr (approx) |
| Specializations | MBA in International Business, MBA in Finance, MBA in Logistics, MBA in HR, MBA in Information Systems, MBA in e-commerce, MBA in IT, MBA in accounting. |
| Admission Process | Strong Academic Credentials+ Bachelor’s Degree + IELTS/TOEFL/PTE/GRE Score + GMAT + Work Experience (not mandatory) + SOP + LOR+ Interview. |
Benefits Of Studying MBA In Australia
- Global recognized degrees with best placements in companies like Microsoft, Jonhnson&Johnson, Accenture, etc.
- More cost effective as compared to countries like USA and UK.
- Varieties of MBA programs to choose.
- Quality education
Now let’s know about the best MBA colleges in Australia.
Top MBA Colleges In Australia
Here are below 5 Best MBA colleges in Australia:
- Melbourne Business School
- Australian Graduate School Of Management
- Monash Business School
- Macquarie Business School
- University Of Queensland Business School
Melbourne Business School
Ranking : Ranked 26th best MBA college by QS Global MBA Ranking 2022 and ranked best MBA colleges in Australia by The Economist. This college is one of the best MBA colleges in Australia.
| Course | Duration | Official course website |
| Full-Time MBA | 2 years | https://mbs.edu/degree-programs/full-time-mba |
| Part-Time MBA | 2+ years | https://mbs.edu/degree-programs/part-time-mba |
| Course Level | Full-Time MBA |
| Tuition fees | AUD $99,630 |
| Additional cost | |
| Admission requirement | The eligibility criteria required to get an admission are:A good GMAT/GRE scoreA university degreeTwo years of work experienceTwo professional referees |
| Language requirement | The minimum TOEFL score must be 102 while the minimum PTE score must be 65 and IELTS be 7.0 band. |
| Application deadline | 30 November 2022 |
| Course Level | Part-Time MBA |
| Tuition fees | $4,650 per subject |
| Additional cost | |
| Admission requirement | The eligibility criteria required to get an admission are:Two years of work experienceA university degree or six years of work experienceTwo confidential professional referees |
| Language requirement | The minimum TOEFL score must be 102 while the minimum PTE score must be 65 and IELTS be 7.0 band. |
| Application deadline | 18th November 2022 |
Australian Graduate School Of Management
Ranking : Ranked 35th best MBA college by QS Global MBA Ranking 2022 and #1 MBA in Australia by Financial Times 2021 Global MBA Rankings.
| Course | Duration | Official course website |
| MBA full time | 1 year | https://www.unsw.edu.au/business/our-schools/agsm/learn-with-us/agsm-programs/mba-full-time |
| MBA (Law) | 2.5-7 years part-time | https://www.unsw.edu.au/business/our-schools/agsm/learn-with-us/agsm-programs/llm-mba-law |
| Course Level | MBA full time |
| Tuition fees | AUD$78,480 |
| Additional cost | |
| Admission requirement | The eligibility criteria required to get an admission are: An undergraduate degree (or equivalent), at least 2 years’ work experience and a high GMAT or GRE score is required |
| Language requirement | The minimum TOEFL score must be 102 while the minimum PTE score must be 65 and IELTS be 7.0 band. |
| Application deadline | 1st August 2023 |
| Course Level | MBA (Law) |
| Tuition fees | AUD$79,980 – $81,000 |
| Additional cost | |
| Admission requirement | The candidate should be awarded with any of the following An undergraduate degree in Law(honors) Bachelor of Laws degree with a credit averageJuris Doctor degree, with a credit averageBachelors degree in Social Sciences or Humanities, with a credit averageJuris Doctor degree or a Bachelors degree in Laws, Social Sciences or Humanities with a minimum of two years’ relevant professional experience; Bachelors degree from UNSW Sydney, with a credit average, or a qualification considered equivalent with a minimum of two years’ of relevant professional experience. |
| Language requirement | The minimum TOEFL score must be 102 while the minimum PTE score must be 65 and IELTS be 7.0 band. |
| Application deadline | 14th November 2022 |
Monash Business School
Ranking : Ranked 73rd by QS Global MBA Ranking 2022. This college is also one of the best MBA colleges in Australia.
| Course | Duration | Official course website |
| MBA | 2 year | https://www.monash.edu/business/mba |
| Global executive MBA | 15 month | https://www.monash.edu/business/global-executive-mba/program |
| Course Level | MBA |
| Tuition fees | AUD $100,000 |
| Additional cost | |
| Admission requirement | An Australian bachelor’s degree or equivalent At least three years of work experience, with minimum one year of managerial experience. |
| Language requirement | The minimum TOEFL score must be 79 while the minimum PTE score must be 58 and IELTS be 6.5 band. |
| Application deadline | August 20, 2022 |
| Course Level | Global executive MBA |
| Tuition fees | AUD $ 118,200 |
| Additional cost | |
| Admission requirement | An Australian bachelor’s degree or equivalent Minimum 10 years’ of management experienceThe ability to contribute to executive-level learning. |
| Language requirement | The minimum TOEFL score must be 79 while the minimum PTE score must be 58 and IELTS be 6.5 band. |
| Application deadline | September |
Macquarie Business School
Ranking : Ranked 84th by QS Global MBA Ranking 2022. This is the fourth best MBA colleges in Australia.
| Course | Duration | Official course website |
| MBA | 1.5-2 years | https://www.mq.edu.au/macquarie-business-school/mba-and-executive/mba |
| Global MBA | 1.5 years | https://www.mq.edu.au/macquarie-business-school/mba-and-executive/global-mba |
| Course Level | MBA |
| Tuition fees | AUD $60,000+ |
| Additional cost | |
| Admission requirement | AQF level 7 bachelor’s qualification or recognised equivalent and a WAM of 65At least three years of full-time equivalent work experience at a managerial/professional level |
| Language requirement | IELTS 7.0 band |
| Application deadline | 5 December 2022 |
| Course Level | Global MBA |
| Tuition fees | AUD $39,600 |
| Additional cost | |
| Admission requirement | AQF level 7 bachelor’s degree qualification or recognised equivalent with a WAM of 65, andThree years of supervisory or professional experience |
| Language requirement | IELTS 7.0 band |
| Application deadline | 19 December 2022 |
University Of Queensland Business School
| Course | Duration | Official course website |
| MBA Intensive | 1-1.5 year | https://www.uwa.edu.au/study/courses/master-of-business-administration-intensive |
| MBA Flexible | 16 months | https://www.uwa.edu.au/study/courses/master-of-business-administration-flexible-mba |
| Course Level | MBA Intensive |
| Tuition fees | $60,600.00 |
| Additional cost | AUD$21,041 |
| Admission requirement | A Bachelor’s degree, or an equivalent qualification recognised by UWA;An equivalent of a UWA weighted average mark with minimum of 50 per cent;At least two years professional experience in a relevant occupation;A valid Graduate Management Admission Test (GMAT) score, and at least three years of relevant, documented professional experience;a valid GMAT score of at least 650, and at least two years of relevant, documented professional experience. |
| Language requirement | IELTS 7.0 band |
| Application deadline | 31st October 2022 |
| Course Level | MBA Flexible |
| Tuition fees | $77,550.00 |
| Additional cost | AUD$21,041 |
| Admission requirement | Bachelor’s degree, or an equivalent qualification recognised by UWA and at least three years of relevant documented professional experience;equivalent of a UWA weighted average mark with minimum of 60 per cent; ora valid (GMAT) score of at least 550 orMinimum two additional years of relevant documented professional experience is considered by UWA to be sufficient to permit satisfactory completion of the course;or UWA graduate certificate which articulates with the course the equivalent of a UWA weighted average mark with minimum 65 per cent;orGraduate Certificate in Business, or an equivalent qualification from a post-experience and accredited course recognised by UWA; andthe equivalent of a UWA weighted average mark with minimum of 70 per cent. |
| Language requirement | IELTS 7.0 band |
| Application deadline | 31st October 2022 |
If you want to know about the Medical colleges in Australia, then this college is also one of the best college for medical students.
Conclusion (MBA colleges in Australia)
MBA is a highly demanded field with job vacancies in various multinational companies like Jonson&Johnson, Microsoft, Windows and many more; it’s demand has risen since last decade.
This caused formation of different specialities in MBA; like MBA in finance, MBA in accounting, MBA in IT, etc.
So, students interested in MBA can be from any particular field, they are eligible to pursue this degree.
Also, as Australia provides a wide range of this different kinds of courses in it’ business schools, it is one of the highly preferred countries to study MBA after USA and UK.
Our team wishes you best of luck for your future.
FAQs (MBA colleges in Australia)
How costly is it to study MBA in Australia?
Top colleges in Australia that provide an MBA charge between 40,000 and 60,000 USD for their programs. The average monthly cost of living for international students is 14,432 USD.
Is MBA worth it in Australia?
The top 100 business schools in the world list includes 3 Australian business schools. The average yearly salary offered is 97,100 USD, while the average cost of attendance might reach 60,000 USD. Therefore, it is quite worthwhile to pursue an MBA in Australia.
