MBA in Australia
Australia is known for its natural wonders, beaches, and desert along with its high-quality education for MBA Programs. Are you planning to study MBA? However, you are confused about which country to pursue it from. On this page, we will cover why Australia is one of the best options for pursuing your MBA Degree.
Let’s get into it!!
What is an MBA?
MBA stands for Master of Business Administration. The course is famous among students due to its comprehensive curriculum and various career opportunities. It covers topics like Business Management, Financial Management, Macroeconomics, Marketing Management, Business communication, and many other professional courses making the degree holder an exceptional choice among employers to choose from.
Why an MBA in Australia?
Multiple Specializations: Australian Universities have a wide variety of specializations to general courses in MBA such as MBA in finance, digital marketing, and hospitality management.
Top Ranking Universities: Australia has some of the top-ranking universities in the world that come in the list of top 100 QS world university ranking and Biometrics Australia National Ranking, making it the top choice among intentional students to pursue their degree.
Career Opportunities: Degrees from Australian Universities are widely recognized domestically and internationally, which helps the degree holder to land their dream job and earn a handsome salary.
Various scholarship opportunities: Australia has various Scholarship Opportunities for international students. Australian government and universities have implemented many programs to sponsor need-based and merit-based applicants.
Multicultural Environment: From all around the world, students come to pursue their higher education in Australia. Australia’s welcoming nature for Foreigners and international students fosters a healthy and multicultural environment.
| University | Webometrics Australia National Ranking | Webometrics World Ranking |
|---|---|---|
|
|
||
| University of Adelaide | 7 | 100 |
| University of Western Australia | 8 | 166 |
| Queensland University of Technology | 13 | 206 |
| University of Wollongong | 16 | 265 |
| University of Newcastle | 17 | 316 |
Eligibility Criteria to study MBA in Australia?
The Eligibility requirement depends on the type of course you’re opting for. Usually, there are two types of courses: –
1. General Management Courses
2. Master of Business Administration
Hence, you’re advised to check the entry requirement on the official website of the university for a better understanding or get in touch with the expert from Visa for Nation who can guide you throughout the process with the right knowledge. Here are some of the common entry requirements: –
- You might need to appear for an aptitude test GMAT
- An English proficiency test is mandatory for international students if they are planning for an MBA in Australian Institutions
- 3 or 4-year bachelor’s degree, with a minimum score of 55%
- Most Universities ask for a minimum of 3 years of managerial work experience. However, some universities do accept students who don’t have any prior work experience
Cost of MBA in Australia
Australia may be the flag bearer of one of the most expensive countries in the world but it is nothing compared to its high quality and standardized education. The tuition fee for an MBA in Australia depends from institution to institution and can range from $AUS 45000 to $AUS 80400.
If we talk about Master of Business Administration at the University of Western Australia can cost up to AUS $47600 and an executive MBA from the University of Wollongong can cost you around AUS $36144 a year.
Moreover, programs like Global MBA at the University of New Castle can cost you approximately AUS $41,610. The tuition fee is subject to change every year. Hence, international students are advised to check with their desired University for the correct information or get in touch with Visa for Nation for complete guidance.
Cost of Living in Australia
The cost of living varies from city to city, major cities like Sydney and Melbourne tend to be expensive as compared to other small cities like Adelaide and Perth. Here are the monthly expenses for an international student living in Australia.
| Expense category | Monthly expected expenditure |
|---|---|
|
|
|
| Accommodation | AUS $1000 to AUS $ 3500 |
| Groceries | AUS $ 1500 to AUS $ 3000 |
| Transportation | AUS $225 to AUS $310 |
| Mobile phone | AUS $ 150 to AUS $ 250 |
| Utilities (Electricity, Water, Internet) | AUS $300 to AUS $500 |
| Dining out | AUS $ 195 to AUS $ 450 |
| Entertainment | AUS $95 to AUS $150 |
| Miscellaneous | AUS $200 to AUS $450 |
| Total | AUS $3665 to AUS $8610 |
JOB Opportunities after MBA in Australia with Salary Range
Below are some of the jobs that international students can get after completing their MBA in Australia
| Account Manager | $85,000 to $105,000 |
|---|---|
|
|
|
| Business Relationship Manager | $90,000 to $110,000 |
| Sales Manager | $105,000 to $125,000 |
| Senior Account Director | $545,000 to $704,750 |
| Business Development Manager | $95,000 to $159,333 |
| Finance Manager | $125000 and $145000 |
| General Manager Operation | $100,000 to $175,000 |
| Construction Manager | $185,000 to $205,000 |
| IT Project Manager | $130,000 to $150,000 |
| Digital Marketing Manager | $105,000 to $120,000 |
| Production Team Manager | $110,000 to $160,500 |
| Brand Manager | $100,000 to $ 130,000 |
| Senior Product Manager | $230,000 to $ 540,000 |
Conclusion
If you’re planning to study MBA, then Australia is the right choice for you, from high-quality curriculum to diverse landscapes. MBA in Australia will equip you with the right knowledge to excel in your career. Still confused about which countries to choose from. Contact Visa for Nation today, the best study abroad consultants and get your personalized counselling session from our expert.
Frequently Asked Questions (FAQ)
Generally, an MBA in Australia takes two years but some Australian universities do provide one-year MBA Courses.
The requirements to study in The USA are mentioned below:
- Complete application form
- Proof of completion of secondary high school
- Certificate of English Proficiency Language
- Proof of enough funds
- Prepare a Statement of Purpose
Students planning to study in The USA for free can enroll themselves in fully-funded universities that do not charge fees for International students. Various other scholarships can be availed by foreign learners to study in the USA for free.