Australia, being one of the top 5 destinations for studying abroad, is seeing remarkable growth in the number of international students for last few years. According to the International Student Enrollment Data, the count of international students in 2020 has reached 517,519 from 478,469 (in 2019).
A major portion of these students was enrolled in business schools in Australia. Also, international student proportion in top b-schools of Australia like Melbourne Business School, UQ Business School had increased from 20-22% to 28-30% in 2019. Moving on to the employment statistics, International Student Data reported that the number of international employees had a significant rise of 3.7% in 2019 in the field of business.
The global acceptance of Australian business degrees coupled with the moderate cost of living in Australia and the higher employment statistics make the business courses the most preferred courses among international students. Let us look into the details of the business courses in Australia here:
According to the QS ranking, following are the top business colleges in Australia. Check out the table to know the number of courses offered in these globally ranked business colleges:
|Name of the university||Global ranking||Courses offered|
|Melbourne Business School||26||6 master degree courses; 1 specialist master degree course; 1 graduate research degree;|
Part-Time MBA, Executive MBA, and Senior Executive MBA
|UNSW Business School||42||5 undergraduate degrees programs; 4 co-op bachelor degree programs; 10+ double Bachelor degree programs;|
3 honors degrees; 10+ graduate degree courses; 6 graduate certificate courses; 3 graduate diploma courses; 8 Ph. D. programs;
|Monash Business School||89||10 undergraduate degree course; 1 double degree program; 1 graduate certificate program;|
|1 graduate diploma program; 10+ graduate programs; 1 Executive MBA and 1 MBA program; 7 graduate research programs
|UQ Business School||129||6 executive courses; 1 MBA program; 5 bachelor programs; 2 honors courses;|
9 postgraduate programs; 6 graduate certificate courses; 2 graduate diploma courses; 1 Ph. D. program
|MGSM Macquarie University||137||10+ bachelor degree courses; 8 master degree programs;|
2 graduate certificate courses; 1 M.Res course; 1 Ph. D. degree; 1 M. Phil course
It has to be noted that all these colleges have over 50% of international students and above 90% of the students, studying any master's degree course got employed post 3 months of the course completion.
A student can get so many specializations in business to select from in Australian universities that gives strong support in their career. Among all the specializations business courses, the following ones are the most preferred among international students:
|Business analytics||Business strategies development|
|Global trade analysis||Entrepreneurship|
|International business communication||Business Accounting (Financial accounting)|
|Business Marketing - E-commerce||Sustainability management|
|Business valuation||Business administration|
|Operation management||Business planning|
|Business Logistic and supply chain management||Public relation and business development|
A bachelor's in business from Australia is much popular among international students who are willing to go for business development and business operations/management. A student with a bachelor's degree can earn 24% more salary than certificate or diploma holders.
Following are popular business colleges in Australia offering bachelors program:
|Course||University||Duration||Tuition Fee per year (in AUD)|
|Bachelor of Commerce with a Major in Business Information Systems||MGSM Macquarie University||3 years||$37,500|
|Bachelor of business Administration||MGSM Macquarie University||3 years||$37,500|
|Bachelor of Business Management (Honors)||UQ Business School||1 year||$42,272|
|Bachelor of Business Administration||Monash Business School||3 years||$30,200|
|Bachelor of Business Information Systems||La Trobe university||3 years||$34200|
|Bachelor of Commerce / Bachelor of Media (PR & Advertising)||UNSW Business school||4-8 year||$41,100|
|Bachelor of Business (Supply Chain Management)||Flinders University||3 years||$31,500|
BBA from Australia offers a job as a Marketing Communications Co-coordinator, Investment Banker, Data Analyst, Financial Adviser and lots of others.
An international student willing to complete a full-time bachelor of business in Australia has to go for 3-4 years of courses. A student can complete this within a duration of 6-8 years if required. However, the duration of the honors courses is 1 year.
Yearly fees of these courses range from 30,000 AUD to 42,000 AUD. There are government as well as university-specific scholarships for international students. These scholarship amounts are meant to reduce the tuition and accommodation charges to half!
Check the following sections thoroughly for admission requirements of popular Australian universities offering bachelors in business:
The start date of admission varies, but it is around February start to mid. For specific details, a student needs to check the university website thoroughly.
A student applying for the bachelor courses must have
A diploma or a certificate holder will get the added advantage. In addition, the eligibility criteria vary depending on the universities the students opt for.
A student needs to carry
A student can directly get the responsibility of project handling or strategic management under the supervisors within 3 months of completing their master's degree courses. The salary of the Assistant Project managers has seen a hike in recent years from 18% to 26% (2017-2019).
Following are the best postgraduate programs an international student can go for:
|Name of the course||Name of the university||Duration of the course||Tuition fee per year (in AUD)|
|Master of Business Analytics||Melbourne Business School||1 year||$ 55,000|
|Master of Business Administration (Digital Transformation)||University of Southern Queensland||1.5 year||$29,840|
|Master of Marketing Management||University of Canberra||2 years||$35,000|
|Masters in Business Administration (Global)||University of Newcastle||2 years||$29,770|
|Master of International Business/Master of international relations||Griffith University||2 years||$31,500|
A student with an MBA from Australia is eligible for the Global Experiences Expo, Networking events, Wealth management analyst, Asset management trainee and more.
The master's degree programs in Australia are designed to be completed within a span of 2 years maximum. For the students willing for the past time master's degree programs, they have the opportunity to extend it to 2.5 years maximum.
The average fee of the master's degree courses varies based on the specializations. In general, a student willing to complete a master's degree course in Australia needs to spend AUD $30,000-50,000 on an average a year.
Also, there are universities, offering more than one specializations (like applied finance, professional accounting, and information system) in the master's degree programs and naturally, the course fee and duration are much above compared to the rest.
There are university-specific scholarships for the international students with academic excellence that bear the entire expense of the student including tuition fees, books, accommodation, medical and travel expenses.
Admission requirements may vary, but to help the candidates, the following are the general guidelines.
A student needs to apply through the online form in the university portal by the end of February. Some universities invite applications during July as well for the next semester. UNSW accepts the applications thrice a year: February, June, and September.
It means a student has to plan and keep track of the university website to get enrolled in the desired program.
A student needs to
At the time of admission, a student needs to carry
For students willing for the position of independent business professional or independent project manager, a doctorate degree is a must. They are welcomed with near about 7-8% more salary compared to the master degree holders in different job sectors. The best universities that offer the doctorate degree are the following ones:
|Name of the course||Name of the university||Duration of the course||Tuition Fee per year (in AUD)|
|Doctoral Program in Business Administration and Analytics||Melbourne Business School||4 years (full time)||$37,952|
|Doctor of Philosophy (PhD) Information Systems and Technology Management||UNSW Business School||4 years||$150,640|
|Phd. in business and economics||Monash Business School||3-4 years (full time) 6-8 years (part-time)||$32,100|
|Doctor of Philosophy management and commerce||UQ Business School||3-4 years||$9,170|
|Doctor of Philosophy (Ph. D.)||MGSM Macquarie University||3 years||Funded by Government|
It is beyond mention that the doctorate business programs from Australian universities are worth shaping the career of the students largely with a satisfactory career at the end of the course. With the learning outcomes of project management, strategic management, business planning and a thorough idea of business analytics take the students some steps ahead to others.
Candidates with a doctorate degree are eligible for handling projects solely in different MNCs.
Duration of the doctorate courses in business is generally 3 to 4 years. It is based on the time needed to complete the research paper including the fieldwork.
Yearly charges of the doctorate courses vary based on the specializations selected. Just like the master's degree courses, the annual course fee increases by 10-15% if a student chooses to complete the course in part-time. Generally, a student has to spend 30,000 AUD to 100,000 AUD to receive a doctorate degree.
Australia has always been very lenient when it comes to education and all the universities mentioned above have different scholarships for international students.
Check the following sections to be prepared for the admissions:
The start date of application in the doctorate business courses is February in almost all the universities. There are a few colleges and universities with two or more sessions for the doctorate courses. Students can get admission in July there.
Students willing for the doctorate degree in business should have:
During the admission, the students must carry
The international students with academic excellence are given support from the Australian government as well as the top business colleges to continue their studies. Here are a few scholarships for international students in Australia:
|Name of the scholarship||Scholarship is given by||Scholarship is given to||Scholarship includes|
|Graduate Research Scholarship||Melbourne Business School||International students pursuing any graduate research courses||Fee remission General allowance|
|Monash Scholarship for Outstanding Achievement||Monash University||Top performers of any academic program||Up to 32,500 AUD|
|The Destination Australia Program (DAP)||Australian Government||Internationals students to any Australian university||Up to 15,000 AUD|
|Australia Awards Scholarships||Department of Foreign Affairs and Trade||Students from developing countries especially Indo-Pacific region||Tuition fees Travel fare|
|Macquarie University International Scholarships||Vice-chancellor of Macquarie University||International students pursuing undergraduate or postgraduate degree||Up to 10,000 AUD|
|International Postgraduate Research Scholarships (IPRS)||The government of Australia||Postgraduate research students||Tuition fees All health expenses|
Any degree in business can help the candidates to achieve a satisfactory position in the 21st-century business market. Among all the fields, business planning and business analytics seemed to receive the greatest hike of approximately 11% last year which is higher than most others.
A business professional in Australia earns 69,800 AUD to 163,000 AUD per year based on the qualification and experience of the candidate. Compared to a diploma holder, a candidate with a bachelor's degree is offered 24% more salary in Australia. With a master's degree, one can earn 29% more than the bachelor's and doctorates earn 23% more in the equivalent field.
In the cities like Brisbane, Gold coast, business professionals receive 112,000 AUD to 119,000 AUD salary on an average per annum. The table below shows the post wise annual salaries of the candidates:
|Designation||Average Annual Salary (in AUD)|
|Business Development Manager||$53,000-123,000|
|Business Operations Specialist||$56,000-135,000|
|Customer service representative||$28,000-53,000|
The salary of the business professionals has seen a constant hike since 2015 and that too is not limited to only 5%. Qualified candidates have always received a decent salary in Australia that is also a reason behind the double-digit growth in the number of international students last year.