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.