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
Following is the list of top business schools in Australia:
- 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
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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 |
MBA in Australia is an equitable study abroad destination these days as it is the third most popular country among students to pursue higher education. What sets Australia apart from other nations is the fact that one fourth of Australia’s population is non-native and constitutes of people belonging to other countries.
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
Following is the list of average GMAT & Work Experience required in top MBA universities in Australia:
| 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 MBA universities in Australia accept applications twice a year, while some accept three times a year.
- Deadlines are generally in February, July and November; few MBA colleges in Australia 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.
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