MBA Fees in Australia: Best MBA Colleges for Indian Students 2024

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. 

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. 

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:

1. 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.

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

Related Articles:

• How to Write a Statement of Purpose for MBA?
• How to Get a Scholarship for MBA Abroad?

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!

Backed by India’s best study abroad experts, LeapScholar is a one-stop platform dedicated to making your dreams of pursuing higher education abroad come true. Besides offering online IELTS training that includes live classes, exam trends and analysis, the platform also provides scholarships to eligible students.