A Master's in Business Administration (MBA) is a professional degree course that equips the students with fundamental management knowledge. Conversely, it provides the avenue to develop your business and leadership skills while studying core business subjects like marketing, finance, and accounting. An MBA can be undertaken by virtually anyone regardless of their previous knowledge. For this reason, it is essential to know why you are applying and where you are applying to.
MBA in Australia for international students has a lot of perks and benefits. For one, Australia boasts some of the best business schools, which means you get to study at notable schools with global acceptance. Since one of the unique features of an MBA is its peer-to-peer education, you benefit by learning with successful business owners and management staff, thereby getting first-hand experience.
Table of Contents
- MBA in Australia for International Students Highlights
- Why Pursue MBA in Australia
- Types of MBA in Australia
- Top MBA Courses in Australia
- MBA in Australia Requirements
- Application Process for MBA in Australia
- MBA Universities in Australia
- MBA Course Fees in Australia
- Study MBA in Australia with Scholarship
- MBA in Australia without GMAT
- Jobs after MBA in Australia
- MBA Graduate Salary in Australia
- Work Permit in Australia for MBA Graduates
MBA in Australia for International Students Highlights
- Before choosing to study in Australia, it is essential to note the following
- There are over 30 universities that offer MBA.
- The course duration is between 1 year to 2 years
- The Total fee is approximately 86,400 AUD. The fee per course is about 5,400 AUD and 54,000 annually. There are scholarships and other funding options available for international students.
- The admission requirements are; a bachelor's degree, GMAT, at least two years of work experience, and an English Language proficiency test.
- The course can be full-time, part-time, or online. It is also divided into semesters.
- Australian universities also have internship and placement opportunities.
Why Pursue MBA in Australia
MBA in Australia has some merits over other places. To start, Australian universities and their business schools rank among the highest globally. This is when you consider career progression, salaries upon completion, employability, and other factors. Another reason to consider Australia is its relatively affordable cost of living. The tuition fee, when compared to the UK and USA, is highly competitive. It is also known that there are several job opportunities for MBA graduates annually in Australia. There are also part-time jobs in Australia available for international students. In addition, Australia also has a warm climate and natural scenery for students to explore. These are an added advantage for international students as students can learn about diverse cultures.
Types of MBA in Australia
When studying for an MBA in Australia, there are three types of MBA to choose from. These are
General MBA
This type of MBA is suitable for people looking to start a business, new entrepreneurs, or people looking to progress their careers in corporations. It is a type of MBA that provides deep knowledge of business management and leadership skills across all the specializations. It aims at improving the speaking, communication, and critical thinking skills of the individual.
MBA with specialization or Executive MBA
This is suitable for executives or individuals within a chosen speciality or for people looking to tap into a particular niche. The field allows the individual to gain the conventional knowledge of an MBA while perfecting the specific skill in the industry.
MBA with dual specialization
This type of MBA is suitable for people with two different interests. A dual domain offers specialization in two industry-specific fields.
Top MBA Courses in Australia for International Students
Some of the top MBA courses in Australia are:
MBA in Finance: This course covers many subjects, including banking, insurance, financial services, stockbroking, and more. It provides a global overview of financial concepts.
MBA in E-commerce: This is one of the most blooming courses recently. Australian universities are among the best in this aspect. This course provides a career path in e-commerce where they can work as e-commerce consultants and more.
MBA in International Business: This is another blossoming course that has captivated international students in Australia. A degree in this course offers the graduate career option in management roles as chief executive officer, administrative service manager, and global business manager. The system is mainly on Marketing, finance, business management, and human resource.
MBA in Australia Requirements
The eligibility requirement for MBA in Australia varies from institution to institution. However, the most common are:
- A bachelor's degree in any field from a recognized university with at least a 60% academic score.
- English proficiency exam for overseas students from non-native English-speaking nations requires IELTS with a minimum score of 6.5 and TOEFL with 80 or above.
- GMAT is also an essential requirement. International applicants are expected to have a score of at least 650.
- Some institutions require the applicant to have two years of work experience.
Application Process for MBA in Australia
The first step in the application process is knowing when the application opens and closes. This varies from one university to the other. The application is usually first done online, where applicants are required to fill in the online application and then submit copies of their documents.
The documents to be submitted are
- Academic transcripts
- Previous certificates
- English proficiency test result
- GMAT
- Statement of purpose
- Letter of recommendation
- CV/Resume
- Funding resources documents
Some schools require the applicant to pay an application fee. After the application, selected candidates receive an invitation for an interview which usually lasts between 30 minutes and 1 hour.
MBA Universities in Australia
Australian universities are one of the most sought-after universities globally. This can be attributed to the quality of education, affordability, and study duration. They also have many schools in the top 100 universities in the world.
|
S/NO |
Business School |
University |
QS Ranking |
Fee |
Duration |
|
1 |
AGSM |
University of New South Wales |
40 |
86,925 |
1 year |
|
2 |
UTS Business School |
University of Technology, Sydney |
127 |
85,536 |
2 years |
|
3 |
UQ Business School |
University of Queens land |
61 |
66,840 |
1 year |
|
4 |
Sydney Business School |
University of Wollongong |
- |
106,500 |
18 months |
|
5 |
Melbourne Business School |
University of Melbourne |
26 |
126,00 |
16 months |
|
6 |
Monash Business School |
Monash University |
45 |
88,000 |
2 years |
MBA Course Fees in Australia
|
University |
Average Annual Fee (AUD) |
|
Victoria University |
46,800 |
|
Swinburne University of Technology |
36,204 |
|
University of South Australia |
60,450 |
|
University of Sunshine Coast |
39,905 |
|
University of Tasmania |
68,347 |
|
University of Southern Queensland |
42,600 |
|
University of Newcastle |
36,545 |
|
University of New South Wales |
59,760 |
|
University of New England (UNE) |
28,000 |
Study MBA in Australia with Scholarship
Several full and partial scholarship opportunities are available for Sri Lankan students to study MBA. However, they are only available to students with excellent academic results.
|
Scholarship |
Award value |
|
Australian Government Research and Training Program (AGRTP) |
$28,092 per annum |
|
Western Sydney International Bursary for Undergraduate or Postgraduate Courses in Australia, |
$3,000 |
|
ECU Melbourne and ECU Sydney Scholarships for International Students in Australia, |
10% reduction in Tuition fee |
|
Association of Firearm and Tool Mark Examiners Scholarship for International Students in Australia, 2021 |
$2,000 |
|
Peter & Sharon Ivany Access Scholarship at University of Technology Sydney, Australia |
$5,000 |
MBA in Australia without GMAT
Although GMAT is a requirement for MBA application in Australia, there has been a recent paradigm shift where some universities accept that GMAT is not the best test for MBA applicants. This development has made it possible for international students to apply to Australian Universities without taking the GMAT test.
Some of the most notable universities in these categories are Monash University and Macquire University.
Jobs after MBA in Australia
There are a host of lucrative jobs in Australia for MBA graduates. These jobs are competitive and have high salaries. The under-listed are some of the industries offering employment to MBA graduates.
- Financial Services
- IT/Computer Services
- Consulting/Professional Services
- Education
- Manufacturing/Engineering
The available positions include:
- Marketing Manager
- Senior Product Manager
- Account Manager
- Senior Business Analyst
- Business Development Manager
- Sales Consultant
- Chief Executive Officer
Read More: High Demand Careers in Australia
MBA Graduate Salary in Australia
Currently, Australia has an abundance of jobs for graduates and is ranked among the top 10 places with the highest paying MBA jobs globally. The salary varies across industries and is also determined by the position of the graduate.
On average, MBA graduates get paid 95,000 AUD annually. The position also plays a vital role. For instance, a CEO gets paid 143,000 AUD on average per year, while a sales consultant gets paid 82,000 AUD on average per year.
Work Permit in Australia for MBA Graduates
It takes 6 – 12 months to process a work permit. The permit lasts between 18 months and four years. The qualification of the applicant determines the duration. It is available for students that have completed a minimum of 2 years of study.
This Temporary Graduate visa has two streams:
- The Graduate Work-stream
- The Post-Study Work-stream
In conclusion, several MBA courses in Australia for Sri Lanka students provide endless opportunities when done. Ensure you go through this article and have all your documents ready, and you are good to go. AECC Global is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey of fulfilling your dream.
