There are 43 universities in Australia, out of which 7 universities rank for their MBA programs. Australia is ranked #3 among the top 5 countries of the world for studying abroad. Indian students widely opt for higher studies abroad, and Australia is one of their top choices. It is one of those countries, which offers quality education at par with the US universities. MBA programs offered at Australian universities are accredited and have course curriculums similar to US universities like Harvard.
Indian students are widely opting for an MBA course in the US, Canada, UK and Australia in order to find better employment options to settle abroad. Of the total Indian students who applied for admission in Australia, 81% of them were admitted for different masters programs in 2017. It was estimated by a well known consulting firm called LEK Management Consulting that, Indian student admissions would shoot up to 72,000 for 2018 admissions.
Key Features of MBA in Australia
There 3 types of MBA courses that are offered in Australian universities. Six universities in Australia out of 43, rank for offering an MBA course. MBA is offered in different fields and for different specializations. Other than these there are a few key features of pursuing MBA in Australia, mentioned in the following section:
- There are different types of MBA coursework offered in Australia. They are:
- Full-time MBA
- Executive MBA
- Online MBA
- Distance Learning MBA
- Around 235 MBA programs are offered under 11 specializations in Australia.
- The MBA course duration varies from 16 months to a maximum of 2 years.
- Admission to an MBA course requires students to submit GMAT or GRE or none of the test scores.
- 15 years of education is mandatory for Indian students to apply for admissions.
- MBA in Australia also requires TOEFL/IELTS/PTE/CAE as language proficiency proof.
- Work experience of a minimum of 2 years is mandatory for admission to full-time MBA course.
- Around 6 different types of scholarships are offered for pursuing an MBA course in Australia for Indian students.
- Living costs can be around 13,500 USD approximately for one year of stay in Australia.
Top Ranking Australian Universities for MBA
Around 6 universities in Australia rank among the top 100 universities globally for offering an MBA. Some of the highly ranked universities according to the QS Global Rankings and THE Rankings for pursuing MBA in Australia are:
|University Name||QS Global Rankings||THE Rankings|
|College of Business and Economics||#24||#49|
|Melbourne Business School||#39||#32|
|University of Sydney Business School||#42||#39|
|Australian Graduate School of Management||#45||#96|
|UQ Business School||#48||#69|
|Monash Business School, Monash University||#59||#84|
|School of Business, University of Western Australia||#91||#134|
|Sydney Business School, University of Wollongong||#218||#201-250|
|Macquarie Graduate School of Management||#250||#201-250|
|Graduate School of Business and Law, RMIT University||#250||-|
|La Trobe Business School||#397||-|
Admission Requirements for MBA in Australia
For admissions in Australia, Indian students must meet certain eligibility criteria for admissions. They must also submit the required test scores and supporting documents along with their applications. Admission requirements may vary from university to university but the basic admission process is common. The following section focuses on requirements and eligibility for admission specifically in terms of Indian students:
- How to Apply: Applications for MBA can be submitted in two ways by Indian students:
- Apply through an authorized agent. OR
- Apply online through the official website of the chosen university.
- Intake Sessions: Fall, Spring and Winters (for some exceptional cases)
- Application Deadlines: University-wise deadlines in Australia varies. Dates also vary for the session being applied to.
- Application Fee: Varies with each university and type of course chosen.
- English Language Proficiency Tests: IELTS or TOEFL or PTE are accepted for admission to MBA from Indian or international students as proof of English language proficiency.
- Educational Background: For pursuing an MBA in Australia an Indian student must have:
- 10+2+3 is mandatory for students if applying for an MBA.
- Accredited bachelor’s degree from an accredited university or institution.
- 3 years bachelor’s degree, which is acceptable in Australia in comparison to the US.
- Supporting Documents: The following documents are required from the students for MBA admissions in Australia:
- Statement of purpose and experience.
- 2- 3 Letters of recommendation.
- Well-structured CV.
- High school transcripts.
- College mark sheets.
- Work Experience: A work experience of 2 to 5 years is expected from students if applying for a full-time or for executive MBA in Australia. This is mandatory, as admission selection depends upon the experience greatly.
- Standardized Test Scores Required: Widely GMAT scores are accepted, but some universities also accept GRE test scores from international students. There are also universities which do not accept either of the tests as they are not considered to be a requirement.
- Duration and Tuition Fee for MBA in Australian Universities: MBA courses in Australia differ in terms of duration or degree completion and also in their tuition fee charges. Following is a list of top-ranked Australian universities along with their MBA course duration and tuition fee:
|B-School Name||Parent University||Duration||Tuition Fee|
|Melbourne Business School||The University of Melbourne||1 year||91,700 AUD|
|AGSM||University of New South Wales||16 months||85,980 AUD|
|College of Business and Economics||Australian National University||2 years||49,000 AUD|
|La Trobe Business School||La Trobe University||18 months||44,630 AUD|
|Monash Business School||Monash University||2 years||44,180 AUD|
|University of Sydney Business School||University of Sydney||2 years||51,180 AUD|
Indian Students Enrollment Data for 2019 for Higher Studies in Australia
A total number of 84,753 Indian students were enrolled in Masters (coursework) degree in 2019 across 282 different schools. Maximum enrollments if analyzed field-wise, was seen the highest for Management & Commerce, that is, 30,285 enrollments for 2019 admissions in higher education. This was followed by:
- Information & Technology recorded an overall 26,708 enrollments.
- Engineering saw 10,137 enrollments.
- Health fields witnessed around 6,224 enrollments.
- Natural & Physical Sciences admitted 2,531 Indian students for 2019.
Scholarships for Indian Students Pursuing MBA in Australia
There are around 9 scholarships that are offered to Indian students who wish to pursue an MBA in Australia. These scholarships are both merit-based and are externally funded. The average scholarship amount ranges from 5,000 AUD to 15,000 AUD. Some of these scholarships are as follows:
|Scholarship Name||Offered by||Amount of Scholarship|
|Curtin International Scholarship||Curtin University||25% of the tuition fee for the first year|
|MBA International Scholarship||Curtin University||15,000 AUD|
|India Global Leaders Scholarships (Business, Economics & Law)||University of Queensland||5,000 UD - 20,000 AUD|
|MBA Student Scholarship||University of Queensland||25% reduction in tuition fee|
|CEG Scholarship||University of Southern Queensland||20% waiver in tuition fee|
|MBA (Global) Scholarship||Curtin University||20% waiver in tuition fee|
|USQ Scholarship||University of Southern Queensland||20% waiver in tuition fee|
|MBA Global International Student Scholarship||University of Newcastle||2,500 AUD|
Visas in Australia for Indian Students
There are different types of visas that any international student or Indian student can apply for in Australia. Out of 6, only 2 visas are opted widely by Indian students. They are as follows:
To be eligible to study in Australia, Indian students can apply for a student visa at a cost of 575 AUD post confirmation from the university for admission or COE. Applications can be filed through the Immi Account. Students must follow the steps and requirements given below to obtain a study visa:
The following documents are required before applying for a study visa in Australia by Indian students:
- A valid passport
- Visa application fee
- Your Genuine Temporary Entrant (GTE) statement
- Academic and work experience documents
- Evidence of English proficiency by submitting IELTS/TOEFL score.
- Evidence of financial ability to pay for tuition fees, living expenses, expenses for dependents, return airfare, etc.
- Health insurance policy or OSHC
- Statement of purpose
- Passport-size photographs
- Proof of enrollment or Confirmation of Enrollment (COE)
Validity Period: The validity can range from 3 months to 5 years depending upon the type of student visa and course opted by the applicant.
Visa Processing Time: This is an extensive process which includes multiple background and character checks. The visa processing time can be anywhere between 1 month to 3 months.
There are temporary work visas offered to applicants who wish to stay back in Australia. More and more Indians are moving to Australia because on an average Australian economy grows by 2.1% every year. Plus there are surplus job opportunities available in different sectors. Applications can be filed online on home affairs website of Australia at a cost of 230 AUD. The following section briefly describes all that an applicant requires for applying for a work visa:
The following documents must be attached with the application to obtain a work visa:
- Evidence of English Language Proficiency (IELTS/TOEFL)
- Educational Employment Documentation
- Health Insurance
- Skills assessment results from an authentic authority
- Sponsorship or nomination if applying for a sponsored visa
- 65 points must be scored according to the Australian points-based system. Higher the score, higher is the chance for selection.
- If intimidated about selection, Indian students must apply within 60 days.
Validity Period: Applicants can stay in Australia on a work visa from 1 year to 4 years, depending upon the type of work visa an applicant is on.
Visa Processing Time: The required amount of time for processing a work visa can be anywhere between 2 to 5 months.
Witnessing a sudden increase in Indian student’s enrollment in 2017, and a surge expected in admissions for 2018 in Australia, the US seems to be a tough competitor. According to Anip Sharma, partner, LEK Management Consulting, “Over 70% of Indian students are looking at master’s degrees and this is the segment that will provide revenue-generating opportunities for Australian universities.”
This, in turn, will provide students with a better on-campus work-study program and internship opportunities, through which the amount earnt could solely cover the living costs. Currently, Australia, Canada and New Zealand have good job prospects to offer to international students. This is also a reason why Indian students wish to pursue MBA in Australia.
Perks of an MBA from Australia
“In 2018, the number of Indian students commencing a postgraduate degree at the University of Canberra has more than doubled when compared with 2017,” Deep Saini, Vice-Chancellor and President- University of Canberra.
There has been a 34% annual growth (2018) in Indian students taking admissions to postgraduate courses in Australia, since 2012. Indian students pursue an MBA in Australia because of the following reasons:
- Indian students are eligible for Australia Award Scholarship which includes the following benefits:
- There are 9 scholarships offered which amount to 100 million USD.
- The students are also offered a waiver on basic medical costs as part of the Overseas Student Health Cover (OSHC).
- The average starting salary, post-MBA is 98,400 AUD annually, which is higher than in the UK.
- Part-time jobs and full-time summer jobs can be availed by students.
- Indian students do not have to attend a Pre-Master’s course because 15 years of education is accepted for admission.
- Visas are granted if students have a minimum of 3 years of experience and an IELTS score of band 7.
Ques 1. What is the best MBA college in Australia?
Ans. Melbourne Business School, Macquarie Graduate School of Management, Australian Graduate School of Management (AGSM), Monash Business School, College of Business & Economics, and Sydney Business School are some of the best business schools in Australia with consistent top rankings and a renowned global presence.
Ques 2. How to apply for MBA in Australia?
Ans. Applications for an MBA in Australia are accepted either online on the official website of the university or college. Or through an agent in the applicant’s country. Documents required for applying to an MBA program are transcripts, LORs, personal statement, GMAT/GRE score, CV along with a proof of work experience.
Ques 3. What is the cost of MBA in Australia?
Ans. The average cost of an MBA from Australia is 52,000 AUD per year for international students. Depending on your choice of college/university, tuition fee for an MBA program will range between 30,000-100,000 AUD per year. International students will also have to keep in mind additional costs such as living and travel expenses.
Ques 4. Is GMAT compulsory for MBA in Australia?
Ans. GMAT is not a necessity while applying for admission to MBA programs at Australian Universities, but having a good GMAT score increases your chances of being accepted at top business schools throughout the world. Although some Australian business schools may ask for a specific GMAT or GRE score if the applicant does not meet with minimum eligibility criteria, it is not a mandatory requirement.
Ques 5. Can MBA students get a PR in Australia?
Ans. Yes, any international candidate who meets basic PR eligibility requirements such as meeting health requirements, possessing standard English language proficiency, work experience, and a good academic background can apply for a permanent residence in Australia. However, pursuing an MBA from Australia cannot be considered a pathway to obtaining a PR. Each applicant is judged for PR individually on certain grounds.