Top 10 Best MBA Universities in Australia for Program

• Jan 12, 2024
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MBA Universities in Australia is one of the top nations for an MBA because of its rich culture and better university acceptance rate. Are you considering studying in Australia? Take a look at some of Australia's best MBA schools.

MBA Universities in Australia- A Quick Overview

Obtaining your MBA in Australia opens you more professional opportunities, regardless of where you live after graduation. Due to its high level of education, variety of programs offered, world-renowned universities, high acceptance rate despite backlogs, and favorable immigration regulations, Australia is a very well-known and attractive option for most students. You've come to the perfect site if you're considering an MBA program overseas, particularly in Australia. We've compiled a list of some of the best MBA programs in Australia for students to consider.

How do you choose the best MBA school in Australia?

Choosing the top MBA in Australia from a college or university might be a difficult undertaking. So, let's start by looking at some ideas to help you choose the finest business school for MBA in Australia or any other country:

• The QS World University Rankings say a lot about universities, their programs, culture, accomplishments, and so on. These rankings give you a good notion of the overall level of education and prospects that a certain university or college may provide.

• In addition to looking at the rankings and course information, you should look at the university's tuition fees. After all, cost is an important consideration for all study abroad applicants, and keeping track of it ahead of time will help you better manage your funds.

• Who wouldn't want to live in their preferred location while studying at a foreign university? The location of your university has a significant impact on your overall study-abroad experience. As a result, don't forget to explore your university's location and neighboring places to avoid any confusion later.

Top 10 MBA Universities/Colleges in Australia

1. University of Melbourne, Melbourne Business School

Melbourne Business School is one of Australia's greatest MBA programs, as well as one of the best in the world. The school's MBA program has roughly 77 percent international students. With students' extensive travel and internship possibilities, the MBA program is geared to suit modern workplace requirements. It suggests you have a good possibility of being accepted as an international student.

Melbourne Business School's MBA program is ranked 26th in the world by QS World University Rankings. The entire cost of the program is between $100,000 and $110,000. An MBA graduate from Melbourne Business School may expect to earn more than USD 100,000.

2. University of New South Wales, Australian Graduate School of Management

AGSM, situated in Sydney, is one of Australia's most respected MBA institutions. Apply to this college if you are concerned about the hefty MBA fees in Australia. Every year, it awards $1.8 million in scholarships to qualifying students enrolling in its full-time MBA programme. The AGSM's 12-month MBA programme costs between $60k and $70k. In its global MBA programme rating, QS ranks AGSM's MBA programme 42nd.

3. Monash University, Monash Business School

Monash Business School, which is part of Monash University, is the place to go if you want to enrol in an MBA programme that includes experience-based modules, project consultation, and on-the-ground engagements. This curriculum is 24 months long, unlike the bulk of overseas MBA programmes. This is one of Australia's top 100 MBA universities.

Monash Business School in Australia charges roughly USD 65,000 for a two-year degree, which is rather cheap. The average salary for a Monash Business School MBA is roughly 104,654 USD, according to the university's statistics.

4. The University of Queensland, UQ Business School

The University of Queensland is a solid choice for MBA programmes in Australia that do not require work experience. UQ's entrance exam is also more accessible than that of many other prominent Australian colleges. The program's cost is likewise very inexpensive. The University of Queensland's MBA programme costs between USD 50,000 and USD 60,000 for international students, and its global MBA rank hovers between 110 and 120.

5. Macquarie Graduate School of Management

Macquarie Graduate School of Management offers a comprehensive worldwide business programme that, in some situations, includes exchange programmes. If you're already employed in the industry and want to advance your career, the MBA programme at Macquarie Graduate School of Management will help. As an international student, the whole fee payment for the programme will cost you roughly USD 55,000. The MBA programme at Macquarie Graduate School of Management is ranked among the top 50 global MBA schools by The Economist.

6. Australian National University, ANU College of Business and Economics

Two years ago, the ANU College of Business and Economics, in collaboration with a Dutch institute, pioneered a first-of-its-kind, evidence-based graduate business curriculum. This Canberra Business and Economics School is a popular location for overseas MBA students. The MBA programme at ANU is ranked among the top 150 MBA programmes in the world by QS. The total cost of the MBA programme is approximately USD 41,000.

7. The University of Western Australia's Business School

Try to get into The University of Western Australia's Business School if you wish to enrol in an authorised MBA programme in Australia. The Association of Advance Collegiate Schools of Business and the European Quality Improvement System have both recognised its MBA programme. Its MBA programme has a global ranking of 131-140 and a phenomenal average employment rate of 94 percent after graduation. The MBA programme fee at The University of Western Australia's Business School appears to be quite fair for overseas students. The total cost of the MBA programme is roughly USD 49,000.

8. Deakin Business School

Deakin Business School, a Deakin University extension, offers an MBA programme with a strong career development component. If you want a solid chance of getting a job when you finish your MBA, Deakin's programme is a smart choice. Deakin Business School's online MBA is also worth considering. Overall, the QS Ranking methodology ranks it as Australia's finest online MBA and the world's 16th.

9. La Trobe University

This Melbourne-based university is noted for its research-intensive postgraduate programmes. Its MBA programme is also regarded as one of the best in Australia among all MBA programmes. International students who are having difficulty meeting the MBA requirements at other top universities might choose La Trobe. The Accelerator programme at La Trobe University is also worth highlighting. In fact, it pushes students to come up with innovative business concepts. The institution will also award up to USD 20,000 to the best proposals. La Trobe University has an annual tuition price of roughly USD 28,000.

10. RMIT University 

RMIT University is a Melbourne-based public university. For its Graduate School of Business, one of the leading colleges of business management studies in the entire Asia Pacific area, it is one of the most popular universities for international MBA students in Australia. RMIT's business school is consistently ranked among the top 200 MBA programmes in the world. For overseas students, the total cost of the MBA programme is roughly USD 60,000.

Admissions Requirements 

In Australia, MBA admission is determined by the university and programme you choose. The following are some essential prerequisites for MBA programmes at Australia's leading universities:

• GMAT or GRE Score 

• Work Experience 

• Language Requirements 

• Undergraduate Degree

• Passport & Visa 

Let's have a look at the requirements for each of the best MBA institutions in Australia one by one:

1. GMAT or GRE score

The GMAT or GRE score is the second most significant prerequisite for top MBA programmes in Australia. The results differ depending on the MBA programme and university you select. The general GMAT score ranges from 600 to 650 points.

Professional Experience

To apply to top colleges in Australia for an MBA, you must have at least 3 to 5 years of professional job experience in the relevant field. Although it is not a prerequisite at all universities, it is always preferred.

2. Language Test

For Indian students applying to MBA colleges in Australia, an English proficiency test is required. According to the tests, the minimum scores are:

PTE – 58 – 60

 IELTS – 6.5 – 7.5 

TOEFL (iBT) – 100

3. Undergraduate Degree

To apply to MBA universities in Australia, all applicants must have a recognised undergraduate degree with a CGPA of 5.0 to 7.0. You must also provide original transcripts.

4. Passport & Visa 

All international students studying at any university in Australia must have a valid passport and student visa. Remember to apply for your visa at least three months before you want to go.

Documents Required for admission in MBA Universities in Australia

A series of documents is required for MBA admission to the leading universities in Australia. The following are some of the most typical document requirements:

• Transcripts of all academic achievements

• LOR (Letter of Recommendation) 

• Curriculum Vitae

• IELTS/TOEFL Scorecards 

• GMAT/GRE Scorecards 

• Work experience certificate 

• SOP or Statement of Purpose

• An essay/write-up outlining your motivation for pursuing an MBA in Australia. Include your precise area of interest as well as any previous accomplishments.

An MBA from one of the top MBA Universities in Australia is a thrilling and life-changing experience that will help you achieve your goals. 

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