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MBA in Australia

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MBA in Australia

Growing in terms of its popularity for the MBA programs

Why Study in Australia?

Let’s Look at the Numbers!

  • Australia offers 77 globally renowned and recognized MBA programs
  • Most of the MBA programs are accredited by The Association to Advance Collegiate Schools of Business (AACSB) and The EFMD Quality Improvement System (EQUIBS)
  • Australia has 2 B-schools in the top 40 list of the QS Global MBA Rankings 2018
  • Australia was ranked 21st in the World Economic Forum’s Global Competitiveness Report for 2017-2018, ahead of France, Ireland & Spain.

 

Top B-Schools

Best B-schools

  • Melbourne Business School
  • Australian Graduate School of Management
  • Macquarie Graduate School of Management
  • University of Queensland Business School
  • Monash Business School
  • College of Business & Economics – Australian National University
  • Sydney Business School

 

Powerful Reasons to Study in Australia

International Recognition Affordability Flexibility Quality of Life High Earning Potential
Globally accredited programs Cheaper than US & UK programs Duration varies from 1-2 years Strong Economy Highest Average Salary in Asia-Pacific
Theoretical + practical training Affordable cost of living Stay back Options from 1-4 years Cultural Diversity Extensive job/networking opportunities

 

Top Industries (Post MBA) in Australia

Industries

  • Consulting
  • Finance
  • IT & Telecom

 

Program Duration & Cost of Education

Duration Cost of Education (Tuition & Living per annum)
1-2 years AUD 19000-100,000 (Tuition, living and miscellaneous expenses)

 

Eligibility Criteria for MBA Programs

Strong Academic Credentials Standardized Test Scores Strong Extra Curriculars
A Bachelor’s degree from a well-recognized accredited university Competitive GMAT score (Preferably above 600)
Many Australian B-schools use the GMAT score as an additional requirement for candidates not fulfilling other entry conditions
IELTS/TOEFL iBT
Cambridge English-Advanced (CAE), Occupational English Test (OET) or the Pearson Test of English (PTE) are also accepted
Minimum work experience of two years
Strong Extra Curriculars & Community Service experience

 

Average GMAT & Work Experience at Top B-schools

B-School Average GMAT of Class Average Years of Work Exp. of Class
Melbourne Business School 705 5.6
Australian Graduate School of Management 650 6.7
Macquarie Graduate School of Management 680 8
Monash Business School 610 7

 

Intake & Application Deadlines

  • Some B-schools accept applications twice a year, while some accept three times a year.
  • Deadlines are generally in February, July and November; a few universities also offer four intake sessions per year

 

Student Visa Terms and Provisions

  • Student visa to Australia is offered after enrolling for a full-time course of study registered with the Commonwealth Registry of International Courses for Overseas Students (CRICOS)
  • A Confirmation of Enrolment (CoE) which is mandatorily required in order to apply for student visa.
  • A student visa holder in Australia can normally work for a maximum of 40 hours per fortnight during the course and unlimited hours during the semester breaks and the end of the course.

 

Post-Study Options

The Temporary Graduate Visa (subclass 485) allows graduates to work in Australia temporarily after they finish their studies under two streams: The Graduate Work Stream & the Post-Study Work Stream. Under the Graduate Work Stream, the stay back option is for 18 months and under the Post-Study Work Stream, the stay back option is of two, three or four years’ duration.