MBA in Australia
Australian institutions are known across the world for some of the best MBA programs
An MBA is a master’s degree in business administration that outlines the process to work as business professionals and senior executives. Being one of the most pursued courses in the world, an extensive MBA curriculum gives a strong foundation in business fundamentals viz marketing, accounting, finance, managerial skills, strategy, business ethics, and human resources. Business professionals study case studies to test their business insight and to be proficient in handling various business segments.
MBA in an Australian institution
Australia’s scenic view, modern lifestyle, vibrant cities, vast coastline, upgraded infrastructure, and welcoming culture are few of the things which make it an appealing place to live and study. Every year, numerous students choose to pursue their management course in the country due to:
A wide variety of specialisations: You can choose your major in MBA from a broad range of specialisation subjects that Australian institutions offer, from education management, sports management, to general subjects like banking and finance
Extraordinary education system: Presently, 50 Australian universities offer specialised MBA programs. Their B-schools follow ‘Harvard style’ management degrees, which provide approximately 16 different business subjects, delivered full time, in 16 months-2 years span. The 16-month program is offered by universities who follow a trimester system to help subsidise the cost of an MBA degree for its students
Quality education: The MBA programs in Australia are internationally recognised in terms of orientation and updated curriculum as per the latest industry standards
All-round development of students: The Australian education system emphasises on both theoretical and practical learning to focus on the all-round development of a student, to develop their communication, personal, and leadership skills, thereby fostering independence and confidence in them
Deciding where to study
The most critical factors significant to the decision of pursuing an MBA in an Australian institution are good placements, proper infrastructure and/or low tuition fees. Other factors that you should keep in mind before zeroing down on any institution include institution’s ranking, curriculum offered, faculty, international accreditations and availability of scholarships.
The entry requirements depend on the type of qualification you want to opt for. Usually, there are two options – a General Management course (i.e., studying general management subjects or with a focus on any industry) or Master of Business Administration (MBA).
We recommend that you check the exact entry requirements from the institution of your choice or get in touch with an IDP international education expert who can guide you with the right knowledge. However, the most common requirements include:
You might need to appear for the GMAT exam as the majority of institutions ask for a good score
Most institutions also ask for a 3 or 4-year bachelor’s degree, with a minimum score of 60%
You might need at least three years of managerial work experience. However, some universities accept students without any prior work experience as well
Also, you are required to submit your English language proficiency scores such as IELTS band scores
Cost of studying MBA in Australia
The tuition fee for an MBA in Australia varies from institution to institution and can approximately range anywhere between AUS $50,000* - AUS $81,400*. In 2019, specific programs like an Executive MBA at the University of Melbourne had a tuition fee of approximately AUS $126,000*, while the Executive Master of Business Administration (EMBA) costed approximately AUS $103,500*.
Some programs like Master of Business Administration and Master of International Commercial Law at the University of Western Australia cost approximately AUS $122,500*.
A typical MBA course in an Australian institution is for 15 months - 2 years. However, several universities offer a one-year MBA course as well.
Top career options
Once you complete your MBA degree, you can explore immense possibilities and choose any suitable role as Account Director, Account Manager, Business Relationship Manager, Sales Manager, Senior Account Director, Business Development Manager, Director of Business Development, Company Co-Founder, Company Director, Finance Director, Finance Manager, General Manager Of Finance And Administration, General Manager Operations, Construction Manager, Health Services Administrator, IT Project Manager, Digital Marketing Manager, Marketing Director, Manager Operations, Production Team Manager, Warehouse Manager, Brand Manager, Senior Product Manager, Principal Program Manager, Director of Sales and Marketing and Regional Sales Manager.
Post-study work visa
A work visa is mandatory to stay and work in Australia post completion of course. This is the most common work visa for international students who want to work in Australia. You can always reach out to your IDP counsellor to understand about this in detail.
Temporary Graduate visa (subclass 485)
Usually between 2 - 4 years, depending upon one’s qualifications
It may take around 6 to 12 months for your visa to be processed. The validity of this temporary visa is for a minimum of 18 months to four years and is open to a student who completes at least two years of study in Australia.
Considering the various internship programs and placement potential, Australia stands out in the job market for making skilled MBA professionals. No wonder why a majority of students decide to invest your money in pursuing an MBA program in Australia.
Updated on December 14, 2020
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Top Australian institutions for MBA
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