MBA in Australia: Universities, Fees, and Eligibility for Indian Students

MBA in Australia - An MBA is a master's degree in business administration that describes the steps necessary to function as a business professional or senior executive. As one of the most popular courses in the world, a thorough MBA programme provides a solid foundation in business essentials such as marketing, accounting, finance, management skills, strategy, business ethics, and human resources. Business experts use case studies to assess their business acumen and proficiency in managing various company divisions.

MBA in Australia

MBA in Australia is a 1-2.5-year programme provided by 75+ globally recognised programmes at more than 50 universities. International students must have a minimum GPA of 50-70% and a GMAT score of at least 550 to be admitted to the programme. International candidates to Australia's top business schools and universities for MBA programmes are expected to have at least 2-3 years of relevant job experience.

The average cost of an MBA in Australia is between 33,125 and 106,650 AUD per year (18.16 to 58.49 lakhs INR). International students experiencing financial difficulties can get up to full-ride scholarships to study in Australia from institutions and other benefactors. MBA graduates from colleges in Australia earn an average income of up to 114,000 AUD (62.53 lakhs INR) a year, showing a high return on investment.

MBA in Australia - Eligibility Criteria for Indian Students

Some of the necessary requirements for admission into a top Australian university/institution are:

Bachelor's degree: Candidates must hold a bachelor's degree in any discipline from a reputable university.

IELTS: To obtain an Australian visa, students must score well on the IELTS test. To get admission to a university, students from non-native English-speaking nations must demonstrate their fluency in English. Check: IELTS, TOEFL, or PTE?

Job Experience: Although it is not required, having at least three years of job experience is highly beneficial to candidates. Most institutions favour candidates with two to three years of job experience in their discipline.

GMAT Score: Most Australian institutions and colleges accept GMAT scores as admission to the MBA programme. A excellent GMAT (Graduate Management Admission Test) score is essential for admission to a top university to study an MBA. However, the average GMAT score for admission to an Australian university is 700 or above.

*Note: Some Australian universities do not require GMAT scores for MBA admittance. Before enrolling for an MBA in Australia, applicants must first review the admission requirements.

The GMAT is not required by several Australian colleges since they focus a higher priority on the candidate's practical (work) experience. Australian universities need students to retain academic consistency and get excellent grades in both high school and bachelor's level programmes. The eligibility standards differ from university to university. Universities may be grouped into three primary groups based on their entrance requirements.

Category 1: Institutions require students to have an excellent GMAT score, extensive job experience, and an IELTS score as a prerequisite.

Category 2: Institutions demand students to have a good GMAT score or professional experience, as well as an IELTS score.

Category 3: Universities admit students based only on their academic and IELTS scores.

MBA in Australia - List of Universities for Indian Students

Australia is one of the most popular study locations for overseas students. Quality education, cutting-edge research possibilities, and promising job prospects make Australia a popular study location for MBA candidates. All Australian business schools are AACSB, AMBA, and EQUIS approved. They are popular among foreign students and have received excellent rankings not just in Australia, but also across the world.

Australia is a popular study destination for MBA hopefuls in Asia-Pacific. Business and management schools are evaluated based on aspects such as teaching academic abilities, research quality, and employability. The following table shows the top Australian institutions rating according to QS for 2023 Global MBA:

MBA in Australia - Fees for Indian Students

The annual cost of studying for an MBA in Australia ranges from 33,125 to 106,650 AUD (18.16 to 58.49 lakh INR). The MBA cost in Australia for some of the best universities is listed below:

FAQs

Q.1. What is the average MBA fee in Australia?

Ans. The typical first-year tuition charge for an MBA in Australia is Rs 22 lakhs, with living expenses ranging up to Rs 7 lakhs.

Q.2. Which MBA courses are in high demand in Australia?

Ans. MBA in International Business is one of Australia's most popular MBA specialisations. MBA specialisations in Australia include marketing, finance, human resources, entrepreneurship, and economics.

Q.3. Can I get permanent residency in Australia after completing my MBA?

Ans. As an Indian student, you may be able to work, remain, and further your studies after completing an MBA with a PR. To get Australian permanent residency, you must first meet the General Skilled Migration requirements.