Are you thinking of doing an MBA in Australia? If you are, you must know that you are making the right choice. Australia has emerged as one of the top destinations for higher studies over the years. Each year, thousands of students choose to pursue MBA in Australia. The high-quality education, good infrastructure, cheaper cost of living, etc., has made Australia a number one choice.
If you are wondering why Australia has emerged as a popular study destination, this article will explain the benefits of studying MBA in Australia, things to consider before choosing an MBA course, top b-schools in Australia for MBA, etc. So, read on.
Why MBA in Australia?
MBA is one of the most preferred courses among those who wish to build a career in the business sector. When it comes to choosing a study location abroad, Australia has always been one among the top choices for MBA aspirants in the Asia-Pacific region. The country’s advanced economic growth and top quality educational institutions are two of the many reasons for this popularity. Let’s take a detailed look at the factors that attract students to Australia.
- High-quality education – Australia is home to some of the top b-schools around the world. Most of these b-schools are globally recognized, and have AACSB and EQUIS accreditations. The curriculum for the management programs in these universities are formulated in a way so that you get to experience classroom-learning as well get exposed to some practical experience. Besides, the graduate courses in these universities are taught by highly experienced faculty, which inturn assures the top-quality of the course.
- Work and earn opportunities – In Australia, as an international student, you will get to work while you study. This will help you fund your education as well as the living costs. The Australian Government Department of Home Affairs, has formulated a rule that allows international students to work for 40 hours for a period of two weeks (when your course is in session) and unlimited hours (when your course isn’t in session).
- Cultural diversity – As an international student, pursuing an MBA from an Australian university will give you a chance to interact with students from all parts of the world. This will help you build a diverse cultural perspective on management. Besides, having a diverse peer network will have a positive impact on your career in future.
Top Management Programs in Australia
Australian b-schools offer numerous MBA specializations. Some of the top specialized MBA programs in Australia include:
- Hospitality Management
- Information Technology
- Accounting and Finance
- International Business
- Sports Management
- Entrepreneurship
- Event Management
- Human Resources
The course duration of most of these programs are between 12 months to 2 years.
MBA in Australia Cost
Total cost of the program is one of the most important factors that you need to consider while choosing a university to study MBA in Australia. Here’s a table that will help you compare the MBA fees in different universities in Australia.
| B-school | Approx. Course Fee |
| University of Western Australia | $125,000 |
| University of New South Wales | $100,750 |
| Macquarie University | $80,000 |
| University of Sydney Business School | $87,820 |
| University of Melbourne | $126,000 |
| University of Sydney Business School | $106,500 |
| University of New South Wales | $86,925 |
| Monash University | $88,000 |
| Curtin University | $89,700 |
| University of Technology Sydney | $85,536 |
Factors to Consider When Choosing a Management Course
Choosing the best b-school from a wide range of options available is not easy. You need to consider a lot of factors before making a decision. Here are some factors that you must look for while choosing a course.
- The course duration and curriculum
- The specialisations offered
- Faculty details
- The accreditation of program
- Student support programs for international students
- The nature of the course
- Fees and living costs
- Placement opportunities
Minimum GMAT Score Accepted by Australian B-schools
A good GMAT score is one of the important factors the Australian universities consider while deciding your eligibility. In most cases, you cannot pursue an MBA in Australia without GMAT. Generally a score range of 600-695 is considered good for getting admission to the top Australian b-schools.
Given below is a table of top universities in Australia and the accepted GMAT scores.
| MBA Universities in Australia | GMAT Score |
| University of Melbourne: Melbourne Business School | 695 |
| MGSM Macquarie Graduate School of Management | 680 |
| University of New South Wales: Australian Graduate School of Management (AGSM) | 686 |
| University of Queensland Business School | 600 |
| Monash University: Monash Business School | 650 |
Eligibility Criteria for an MBA in Australia
The basic eligibility requirements for getting an MBA admission in top Australian b-schools are as follows:
- A bachelor’s degree in any field from a recognised university.
- If you are an international student, you are required to prove your English language proficiency. For this you can submit your IELTS score.
- Although you can do an MBA in Australia without work experience, having at least two-three years will be an advantage during the admission process.
- Most of the Australian universities consider GMAT scores as a criteria for the admission process. Hence, it is important to get a stellar score in the GMAT if you want to study in a top Australian university.
To sum up, MBA in Australia stands on par with the top universities in the UK and the US. Besides, the b-schools in Australia offer numerous specializations, which means you get the option to choose a program that suits your interest. So, if you are considering Australia as your study destination, you can consider the above facts and make an informed decision.