Australia is one of the most sought-after destinations for higher education in the world. Its world-class academia, post-study job opportunities, and high quality of life attract a vast number of students from all over the globe every year.
Australia also ranks amongst the top countries for MBA, both in terms of education as well as career opportunities. Further, an MBA degree from Australia holds considerable value and recognition across the world. So, pursuing an MBA in Australia for Indian students can help them develop advanced management skills and access an extensive global network.
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MBA Fees in Australia ranges from 20L INR to 30L INR.
This guide offers insights into the country’s top educational institutions and their varying MBA programs.
Top 10 Best Universities For MBA in Australia for Indian students
Australian universities are exceptionally known for their education standard and hands-on learning approach. Many universities in the list below have made it to the top 100 universities worldwide, and produce graduates that go on to secure high-paying jobs in reputed companies.
Here’s a list of best MBA universities in Australia in 2024.
| University | Location | Tuition Fee Per Year |
| University of Melbourne | Melbourne, Victoria | 27L |
| University of Sydney | Sydney, New South Wales | 29L |
| Australian National University | Canberra, New South Wales | 26L |
| The University of Queensland | Brisbane,Queensland | 46L |
| Monash University | Melbourne, Victoria | 27L |
| University of New South Wales | Sydney, New South Wales | 32.3 |
| RMIT University | Brisbane, Queensland | 26L |
| The University of Western Australia | Perth, Western Australia | 29L |
| University of Technology Sydney | Sydney, New South Wales | 25L |
| University of Canberra | Canberra, New South Wales | 20L |
University of Melbourne
Founded in 1853, the University of Melbourne is Australia’s second-oldest university. It offers a graduate program for Master of Business Administration. Students can opt for a 2-year full-time or part-time course. The university also provides a number of scholarship opportunities for its students.
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University of Sydney
Distinguished as Australia’s first university, this institution was founded in 1850. The university has a full-time MBA and a part-time course. These courses span a period of 1.5 years.
It also offers an array of scholarships to international students. Some of its scholarship programs are specifically designed for Indian postgraduate students, such as:
- Sydney Scholars India Scholarship Program
2. Sydney Scholars India Equity Scholarship
Australian National University
Founded in 1946, the Australian National University is one of the leading names in the country. Those searching for an MBA in Australia for Indian students can pursue their postgraduate studies at ANU. It offers 1.5 years of full-time courses on Master of Business Administration.
Students can also apply for a scholarship and reduce their educational costs. ANU offers up to 30 merit-based, fee-waiver scholarships to both domestic and international students.
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The University of Queensland
This is one of the six sandstone universities in Australia, founded in the year 1909. It offers a 1-year, full-time course on Master of Business Administration.
The university extends a variety of scholarships to international students. It also offers a $5000-$20,000 (₹3,66,095-₹14,64,380) tuition fee scholarship specifically to Indian students called India Global Leaders Scholarship.
Monash University
Established in 1958, Monash University is recognized globally for its research-centric programs. Its MBA program spans over the course of 2 years. Students at Monash incur a tuition fee of $12,250 (₹8,96,932) for 24 credit points and $9,187.50 (₹6,72,699) per semester. Further details on its fee structure are available on the university website.
It also offers numerous scholarships, thereby lowering the overall cost of an MBA in Australia for Indian students.
Eligibility for MBA in Australia for Indian Students
Although each university offering an MBA in Australia for Indian students has its own set of eligibility criteria, an overview of these requirements is as below:
Educational Background
Indian students planning to pursue an MBA in Australia must have the following educational qualifications:
- 10+2+3 degree from an accredited educational institution with a minimum score of 60%.
- English language proficiency through a minimum IELTS score of 6.0.
- A GMAT score of 600-680 (optional).
Work Experience Requirements
Every university offering an MBA in Australia for Indian students requires some documents of prior work experience from candidates. On average, a student must possess 2-5 years of professional experience in order to qualify for these institutions.
The table below summarizes the varying work experience requirements of the top 5 Australian universities:
| University | Minimum Work Requirement |
|---|---|
| University of Melbourne | 2 years |
| University of Sydney | 3 years |
| Australian National University | 5 years |
| The University of Queensland | 2-4 years |
| Monash University | 3 years |
Executive MBA in Australia for Indian Students
Executive Master of Business Administration, or EMBA, is a degree program which targets business executives with several years of managerial experience. Therefore, it facilitates full-time employees to earn an EMBA degree through a part-time course.
Further, an EMBA course is similar to an MBA program and holds equal worth and cachet on graduation. Most universities offering MBA in Australia for Indian students also have an EMBA program.
Below are some of these institutions:
- University of Melbourne – Melbourne Business School
- University of New South Wales – UNSW Business School
- MGSM Macquarie Graduate School of Management
- Deakin University – Deakin Business School
- La Trobe University – La Trobe Business School
- University of Technology, Sydney
- The University of Sydney – The University of Sydney Business School
- Queensland University of Technology
- RMIT University
- Monash University
Jobs after MBA in Australia for Indian Students
International students graduating from Australian Universities access full-time employment in the country as quickly as their domestic counterparts.
In fact, a survey by the Australian International Directors’ Forum concluded that 79% of international students find employment within three years of graduating.
Further, Australia also stands out as one of the best countries in terms of base MBA salaries. MBA graduates in the country can expect a total compensation package of $116,200 (₹85,08,047), including average bonuses of $17,800 (₹13,03,298).
After the completion of an MBA degree from Australia, students can explore career opportunities in an array of job roles, such as:
- Finance Manager
- Account Executive
- Sales Manager
- Marketing Manager
- Industry Specialist Manager
- Business Development Manager
- Operations Manager
- Business Consultant
- Product Manager
- General Manager
- Program Manager
Additionally, many students also choose to return to their home country after completing their studies. For Indian students, an MBA degree from Australia acts as a differentiator, setting them apart in the competitive job market in India.
Top MBA Courses in Australia
Universities in Australia offer a diverse range of courses for Masters in Business Administration. The most popular MBA courses in Australia are as below:
- Accounting and Finance
- Information Technology
- Hospitality Management
- International Business
- Human Resources Management
- Innovation and Entrepreneurship
- Sports Management
- Banking
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MBA in Australia: Best Scholarships
The Government of Australia assists international students with the cost of their education through several scholarships. These scholarships can cover tuition fees, either fully or partially, as well as other expenses pertaining to accommodation and living costs.
The country also awards financial assistance to students premised on their academic records. Some of its major scholarship programs for international students are:
Destination Australia Program (DAP)
DAP provides over 1000 scholarships each year to both domestic and international students at specific regional campus locations. The total financial aid amounts to $15,000 (₹10,98,285) per student per year.
Australia Awards Scholarship
This program covers the full tuition fees of international students. It also provides travel payment, establishment allowance, health cover, and contribution to living expenses.
Provider Scholarships
Australian education providers extend numerous awards to their students in an effort to reduce their expenses. For instance, pursuing an MBA in Australia for Indian students at The University of Queensland becomes more affordable through its India Global Leaders Scholarship program.
To Summarise
Australia is one of the best countries for an MBA. It’s important to research and gather all the required information before starting your journey to move to Australia. If you need more assistance for studying in Australia, talk to our experts!
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Frequently Asked Questions
Q. What is the best MBA college in Australia?
A. Australia has a number of internationally renowned universities, most of which offer an MBA program. Some of its best MBA colleges are the University of Melbourne, Monash University, The University of Queensland, Australian National University, and the University of Sydney.
Q. Who can apply for a scholarship in Australia?
A. Any student willing to study in Australia and who has a good academic record can apply for a scholarship. The Government of Australia offers several merit-based scholarships to international students. Additionally, most Australian universities extend financial aid to students in the form of grants, awards and scholarships.
Q. How much does an MBA graduate earn in Australia?
Q. The median salary package of an MBA graduate in Australia is worth $98,400 (INR 55,77,054). The highest-paying specialization is an MBA in Accounting and Finance, with annual pay of $61,229 (INR 34,70,299) on average. The salary will vary depending on the company that hires you, your experience level, and your skill set.
Q. How to apply for an MBA in Australia?
A. Australian Universities accept applications online on their official website. Each university requires students to submit the following:
-Academic transcripts
-GMAT/GRE scores
-LORs
-Personal statements
-CVs and proof of work experience.
Q. What is the cost of an MBA in Australia?
A. As per the figures by the Australian government, the average cost of studying for an MBA ranges from $50,000 (₹36,60,950) to $81,400 (₹59,60,026) per year, depending on the institution opted by a student. Top universities are usually much more expensive than mid-ranking universities. However, most Australian universities provide scholarships which can reduce your study costs.
Q. How long does it take to complete an MBA in Australia?
A. The duration of an MBA program in Australia varies. Full-time programs typically range from 12 to 24 months, while part-time options can take longer, usually around 2 to 3 years.
Q. What are the entry requirements for an MBA in Australia?
A. Entry requirements vary depending on the university. Typically, they include:
1. a bachelor’s degree from a recognized institution
2. relevant work experience
3. GMAT/GRE scores (sometimes waived based on experience)
4. English proficiency test scores (like IELTS or TOEFL)
5. LORs
Q. Can international students work while studying for an MBA in Australia?
A. Yes, international students with a valid student visa are typically allowed to work for up to 20 hours per week during their academic semesters and full-time during semester breaks. It’s easy to find employment opportunities on LinkedIn or Indeed, among other job-hunting platforms. Universities may also have part-time opportunities for students to help them earn.
Q. How do I apply for an MBA program in Australia?
A. To apply for an MBA program, follow these steps.
1. Visit the official website of your desired university
2. Find the course you’re interested in
3. Check the fee and details
4. Follow the application procedure given in the website
5. Upload your documents
6. Track your application
Q. What are the eligibility criteria for an Australian Student Visa?
A. You must have the following details to be eligible for an Australian student visa.
1. You must have an offer letter from an Australian university
2. You must meet the health and character requirements issued by the government
3. You must submit your English proficiency scores and Academic Transcripts.
For additional information on Australian student visa, refer to the official website.
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