MBA in Australia: Top Universities, Admission Requirements, Fees, Scholarships & Career Scope
MBA in AustraliaAre you planning your career in Business Administration in Australia? An MBA in Australia is the best option for you. Australia is one of the top study destinations for Indian students. An MBA in Australia is a 1-year to 2.5-year postgraduate program, offered in both full-time and part-time modes.
Australia offers some of the world’s top-class business schools for the MBA program, including The University of Melbourne, The University of Sydney, The University of New South Wales, Monash University, The University of Queensland, RMIT University, and The University of South Australia, among others. Australian business schools offer a wide range of specializations, practical learning experiences, and internship opportunities that align with global business trends.
An MBA in Australia can help candidates get high-paying jobs in various sectors, like banking, HR management, consulting, corporate finance, and many more. The average salary for graduates can range between A$65,000 and A$1,14,000, or even higher. (Australian Dollar symbols: AUD, AU$ or A$)
Many colleges offer specialization in MBA, such as Finance, Marketing, Human Resource Management, Information Technology (IT), International Business, Entrepreneurship, and Supply Chain Management.
In this blog, we will guide you on everything about an MBA in Australia and its fees, admission, top colleges, important dates, salary packages, Scholarships, and placements.
MBA in Australia: Quick Highlights
An MBA in Australia is a 1-year to 2.5-year course, depending on the university and course. The average salary of an MBA graduate ranges between A$65,000 and A$1,14,000 per annum. The table below provides some key highlights about the MBA in Australia.
Feature | Details |
Course Name | MBA in Australia |
Course Duration | 1 year to 2.5 years (full-time) |
Admission Requirements | Bachelor's Degree, GMAT, IELTS/TOEFL/PTE |
Top Universities | The University of Sydney, The University of New South Wales, Sydney, Monash University, The University of Queensland and more |
Tuition Fees | A$35,200 to A$1,06,650 |
Living Expenses | A$720 to A$46,080 per year |
Average Salary Package | A$65,000 to A$1,14,000 |
Intake Months | February & July |
Specialisations | Finance, Marketing, Human Resource Management, Information Technology (IT), International Business and more. |
MBA in Australia: Application Start & End Dates for Top Universities
There are many top universities in Australia, as shown in the table below:
Universities | Application Deadlines |
University of Melbourne | May 2026 (Tentative) |
University of Sydney | June 2026 (Tentative) |
University of New South Wales, Sydney | February 2026 (Tentative) |
Australian National University | January 2026 (Tentative) |
Monash University | August 2026 (Tentative) |
University of Queensland | April 2026 (Tentative) |
University of Western Australia | December 2026 (Tentative) |
University of Adelaide | August 2026 (Tentative) |
Macquarie University | June 2026 (Tentative) |
RMIT University | July 2026 (Tentative) |
University of Wollongong | August 2026 (Tentative) |
Curtin University | July 2026 (Tentative) |
La Trobe University | July 2026 (Tentative) |
University of South Australia | April 2026 (Tentative) |
Victoria University | June 2026 (Tentative) |
MBA in Australia: Visa Application Timeline
If you are planning to study for an MBA in Australia, starting your visa process on time is very important. Below is a simple timeline to guide you about upcoming events.
Step | Recommended Time |
Apply to Universities | 8–10 months before intake |
Receive the Offer Letter | 5–6 months before intake |
Get Confirmation of Enrolment (CoE) | 4–5 months before intake |
Apply for Student Visa (Subclass 500) | 3–4 months before intake |
Visa Fee | AUD 2000 (From 1 July 2025) |
Visa Processing Time | Around 4–6 weeks |
Step-by-Step Admission Process for MBA in Australia
The following is the admission process required for applying MBA in Australia:
MBA admissions in Australia are completely based on grades and a merit-based system. Follow the below admission steps below for applying MBA in Australia:
Step 1: Register on the university website and submit the required details.
Step 2: Attend the live interviews as conducted by the business schools.
Step 3: Non-native English speakers should apply for English proficiency tests.
Step 4: Wait for the:
- Application Review
- Approval of Documents
- Getting a confirmation letter
Step 5: Once you have received the official confirmation from the university, pay the tuition fees (as per the university’s norms).
Step 6: At last, apply for the visa and contact the respective university for the date of arrival.
MBA in Australia: Fees
The table below represents the top universities for an MBA in Australia, along with the latest fees and cost of living.
Universities | Tuition Fees(AUD) |
University of Melbourne | 1,06,650 |
University of Sydney | 55,000 |
University of New South Wales, Sydney | 81,720 |
Australian National University | 48,035 |
Monash University | 73,000 |
University of Queensland | 91,421 |
University of Western Australia | 47,600 |
University of Adelaide | 49,900 |
Macquarie University | 21,800 |
RMIT University | 48,000 |
University of Wollongong | 61,416 |
Curtin University | 41,420 |
La Trobe University | 60,300 |
University of South Australia | 43,800 |
Victoria University | 35,200 |
MBA in Australia: Pre-Arrival Cost
The common pre-arrival costs to study an MBA in Australia are as follows:
Category | Cost (AUD) |
Application Fee | 110 |
Australian Student Visa | 650 |
IELTS | 220 - 250 |
TOEFL | 165 - 255 |
GMAT | 250 |
MBA in Australia: Cost of Living
An estimated cost of living in Australia ranges from AUD 1,800 to AUD 46,000 based on type, location and personal lifestyle.
A breakdown of the cost of living in Australia is provided in the following table:
Expense Type | Average Annual Expense (AUD) | Cost Equivalent (₹) |
On-Campus Accommodation | 5,280 to 13,440 | ₹2.86 to ₹7.28 lakhs |
Off-Campus Accommodation | 8,880 to 21,120 | ₹4.86 to ₹11.57 lakhs |
Phone and Internet | 720 to 1,440 | ₹39,455 to ₹78,915 lakhs |
Groceries | 6,720 to 13,440 | ₹3.68 to ₹7.36 lakhs |
Public Transport | 1,440 to 2,880 | ₹78,927 to ₹1.57 lakhs |
Miscellaneous | 3,840 to 7,200 | ₹2.10 to ₹3.94 lakhs |
Total | 18,000 to 46,080 | ₹9.86 to ₹25.24 lakhs |
Why Choose an MBA Course in Australia?
A good MBA degree from a reputable university is considered a gateway to success. There are numerous reasons to pursue an MBA from Australia and acquire the skills and knowledge required to grow your career.
- Top-Ranked Business Schools: According to the QS World University Rankings 2024, approximately 14 Australian universities offer QS-recognized MBAs and the University of Melbourne ranks an impressive 24 globally for its MBA program.
- Post-Study Work Visa Opportunities: The Australian government offers the Subclass 500 Visa for students, which allows MBA graduates to work in the country for at least 4 years.
- GMAT Flexibility: GMAT requirements are flexible to get admission in an MBA course in Australia. Some universities, such as the University of Adelaide and RMIT University, waive GMAT scores for admission to an MBA in Australia.
- High Employment chances for Graduates: Strong employment chances to get a job through an MBA degree from Australia. Over 91% of MBA graduates in Australia secure full-time jobs and get a handsome amount.
Also Read:
Other Popular Countries for Studying MBA
MBA in Australia: Qualification
To apply for an MBA in Australia, candidates must meet several academic, professional, and financial requirements. Here's a simplified table.
Criteria | Details |
Academic Background | Bachelor’s degree with a minimum score of 60% |
Work Experience | 2–3 years of relevant professional experience |
GMAT Score | 600+ |
English Proficiency | IELTS: 6.5–7.0 or TOEFL: 95 to 102 |
Freshers | Some universities accept 0–2 years of work experience |
Experienced | Preferred by top B-schools (2–5 years recommended) |
Supporting Documents | SOP, 2–3 LORs, updated resume/CV, Official Transcripts, Admission Essays. |
Financial Proof | Evidence of funds or scholarships to cover tuition and living costs. |
MBA in Australia: Application Process
To get admission in the MBA program in Australia for international students, include at least 60% at the undergraduate level, a minimum of 2 years of work experience and English language proficiency scores.
The table represents GPS, GMAT score and work experience for various universities:
University | GPA | GMAT Score | Work Experience |
Australian National University | 5.0 on a 7.0 scale (60-69%) | 600 | 5 years |
University of Melbourne | 65% | 695 or higher | 2 years |
University of Sydney | 65% | 600 | 3 years |
University of New South Wales, Sydney | An undergraduate degree (no minimum GPA) | 650+ | 2 years |
University of Queensland | 4.5 on a 7.0 scale (60-65%) | 550 | 4 years |
Monash University | Australian bachelor’s degree or equivalent | Not required | 3 years |
University of Western Australia Business School | 50% | 650 | 3 years |
University of Adelaide | Bachelor’s degree (no minimum GPA) | 650 | 2 years |
MBA in Australia: GMAT/GRE Requirements
Many top universities offering an MBA in Australia prefer GMAT or GRE scores, and some may offer waivers based on work experience or academic performance.
Test | Score Range | Note |
GMAT | 600–730 | Preferred by many top business schools |
GRE | 310–330 | Accepted as an alternative to the GMAT |
Waiver | Available at some universities | Based on experience or strong academics |
MBA in Australia: SOP, LOR, and Resume
For an MBA in Australia, your application must include strong supporting documents that reflect your goals, background, and potential.
Document | Details |
SOP | Clearly explain your career goals, why you chose this MBA, and why the UK. |
LOR | Usually, 2 letters from academic or professional references. |
Resume | Highlight education, work experience, internships, and key projects. |
MBA in Australia: Entrance Exams
To get into an MBA in Australia, candidates need to meet the following requirements.
Requirement | Details |
GMAT | The most accepted exam for an MBA |
GRE | Accepted by some universities as an alternative to the GMAT. |
GMAT/GRE Waiver | Possible if you have 3–8 years of strong, relevant work experience. |
English Proficiency | IELTS (6.5–7.5) or TOEFL (90+) |
MBA in Australia: GMAT Preparation Strategy
The table below represents some useful tips for GMAT preparation.
Step | Key Point |
Set a Target Score | Research average scores |
Create a Study Plan | Make a schedule and focus on weak areas. |
Master Basics | Build math and grammar foundations |
Take Mock Tests | Practice full-length tests |
Time Management | Set a timer for each section |
MBA Colleges in Australia: Specialization
Many universities provide specialization for an MBA program:
Specialization | University |
MBA in Marketing Universities in Australia | Curtin University |
University of South Australia | |
Bond University | |
MBA in Finance Universities in Australia | Swinburne University of Technology |
Western Sydney University | |
University Of South Australia | |
MBA in International Business Universities in Australia | University of Newcastle |
University of South Australia | |
Federation University | |
MBA in Leadership Universities in Australia | Charles Darwin University |
Torrens University Australia | |
The University of Sydney | |
MBA in Supply Chain Management Universities in Australia | University of Tasmania |
RMIT University | |
University of South Australia | |
MBA in Entrepreneurship Universities in Australia | The University of Queensland |
Australian National University | |
University of Melbourne | |
MBA in HR Management Universities in Australia | University of Newcastle |
University of Wollongong | |
Queensland University of Technology |
MBA in Australia: IELTS/TOEFL Tips
For Indian students, scoring well in IELTS or TOEFL is essential to get into a good MBA in Australia. Here are some quick tips to improve your preparation.
Tip | What to Do |
Practice Speaking | Talk in English with friends. |
Watch English Content | Follow English news, shows, or movies. |
Take Mock Tests | and practice tests regularly. |
Improve Vocabulary | Learn new words and use them in context. |
MBA in Australia: Cutoff
Different universities in Australia ask for different GMAT and IELTS scores. It depends on how competitive the course is and the university's rank. Getting a good score can improve your chances of getting admission.
MBA in Australia: GMAT & IELTS Cutoff
The table below represents the average GMAT score required for top MBA universities in Australia, along with the IELTS and Work Experience:
University Name | GMAT | IELTS | Work Experience |
Melbourne Business School | 560 | 6.5 | 2 Years |
Australian Graduate School of Management | 650 | 7.5 | 2 Years |
University of Sydney Business School | 600 | 7 | 3 Years |
UQ Business School | 550 | 6.5 | 2 Years |
Monash Business School | 650 | 6.5 | 4 Years |
Macquarie University | 550 | 6.5 | 3 Years |
Australian National University | 600 | 6.5 | 5 Years |
University of Western Australia Business School | 550 | 6.5 | 3 Years |
University Of South Australia | 550 | 6.5 | 3 Years |
RMIT University | 550 | 6.5 | No work experience requirement |
MBA in Australia: Syllabus
The table below represents the MBA in Australia syllabus.
Category | Subjects Covered |
Core Business Subjects | Business Strategy, Marketing, Operations, Global Leadership, Accounting |
Finance Specialization | Corporate Finance, Financial Accounting, Investment Management, Risk Management |
Advanced Finance Topics | Taxation, Strategic Financial Management, Financial Markets, International Finance |
Practical Elements | Financial Modeling, M&A Projects, Consultancy Projects |
Learning Focus | Application-based learning and case studies |
MBA in Australia: Best MBA Colleges in Australia
The list of the best MBA colleges in Australia is given below in the table:
QS MBA Global Rankings 2024 | University Name | QS Global Rankings 2024 |
30 | Melbourne Business School | 14 |
31 | Australian Graduate School of Management (UNSW) | 19 |
50 | University of Sydney Business School | 19 |
75 | UQ Business School | 43 |
84 | Monash Business School | 42 |
101-110 | Macquarie University | 130 |
111-120 | Australian National University | 34 |
131-140 | University of Western Australia Business School | 72 |
151-200 | University Of South Australia | 326 |
151-200 | RMIT University | 140 |
151-200 | University of Technology Sydney | 90 |
201-250 | Deakin Business School | 233 |
201-250 | La Trobe Business School | 242 |
201-250 | University of Wollongong | 162 |
MBA in Australia Vs MBA in India
The data shown below represents a comparison between the MBA Australia vs the MBA in India.
Feature | MBA in Australia | MBA in India |
Duration | 2 year | 2 years |
Cost (Tuition Fee) | A$35,200 to A$1,06,650 |
|
Avg Salary | A$65,000 to A$1,14,000 | ₹4.50 Lakhs to ₹1.15 Crore annually |
International Value | Very High | Medium |
MBA in Australia: Career Scope
An MBA in Australia opens doors to well-paying jobs across banking, consulting, and the FinTech industry.
Career Path | Potential Roles |
Finance | Investment Banker, Financial Analyst, Corporate Treasurer |
Consulting | Management Consultant, Strategy Analyst |
Marketing | Brand Manager, Digital Marketing Manager, Market Analyst |
Technology | Product Manager, Business Analyst, IT Project Manager |
Healthcare & Pharma | Healthcare Administrator, Operations Manager |
Supply Chain & Logistics | Supply Chain Manager, Procurement Manager |
Entrepreneurship | Startup Founder, Business Developer |
Government & Public Policy | Policy Advisor, Economic Analyst |
Sustainability & ESG | ESG Consultant, Sustainability Analyst |
MBA in Australia: Top Recruiters
The table below provides information about the top recruiters in Australia.
Industry | Top Recruiters | Roles Offered |
Consulting | McKinsey & Company, BCG (Boston Consulting Group), Bain & Company, PwC, Deloitte, KPMG, EY | Management Consultant, Strategy Analyst, Risk Advisory, Digital Transformation |
Finance & Banking | Macquarie Group, ANZ, Westpac, NAB, Commonwealth Bank, Morgan Stanley, JP Morgan, Goldman Sachs | Investment Banker, Financial Analyst, Corporate Banking, Risk Management |
Technology & IT | Google Australia, Amazon Web Services (AWS), Microsoft, Atlassian, Salesforce, IBM | Product Manager, Business Analyst, Strategy & Operations, Tech Consultant |
FMCG & Retail | Unilever, Nestlé, Procter & Gamble (P&G), Woolworths, Coles Group, Coca-Cola Europacific Partners | Brand Manager, Supply Chain Manager, Sales & Marketing Analyst |
Healthcare & Pharma | CSL Limited, Ramsay Health Care, Novartis, Pfizer, Johnson & Johnson | Strategy & Ops, Product Management, Healthcare Analyst |
Energy & Resources | BHP, Rio Tinto, Woodside Energy, Origin Energy, Santos | Business Development, Corporate Strategy, Sustainability Analyst |
Telecommunications | Telstra, Optus, TPG Telecom | Strategic Planning, Business Intelligence, Corporate Affairs |
Startups & Innovation | Canva, Afterpay, Airwallex, Zip Co, Culture Amp | Product Strategy, Growth Hacking, Business Development |
Government & Public Sector | Australian Government, State Treasury Departments, and Infrastructure Australia | Policy Analyst, Economic Advisor, Program Manager |
MBA in Australia: Salary Package
The following table provides MBA salaries in Australia along with different job roles:
Job Role | Average Annual Salary |
Financial Manager | ₹ 59.7 Lakhs (AUD 106) |
Accounting Manager | ₹ 54.5 Lakhs (AUD 96.8) |
Financial Analyst | ₹ 44.5 Lakhs (AUD 79) |
Management Consultant | ₹ 54.6 Lakhs (AUD 96.9) |
Project Manager | ₹ 59.7 Lakhs (AUD 106) |
Principal Consultant | ₹ 72.1 Lakhs (AUD 128) |
IT Manager | ₹ 63.7 Lakhs (AUD 113) |
Chief Technology Officer | ₹ 98 Lakhs (AUD 174) |
Data Analyst | ₹ 43.3 Lakhs (AUD 76.8) |
Human Resource Manager | ₹ 55 Lakhs (AUD 97.6) |
Employee Relations Manager | ₹ 81.2 Lakhs (AUD 144) |
VP of Human Resources | ₹ 1.03Crore (AUD 184) |
Chief Marketing Officer | ₹ 1.05Crore (AUD 187) |
Marketing and Communications Manager | ₹ 72.7 Lakhs (AUD 129) |
VP of Engagement | ₹ 57.5 Lakhs (AUD 102) |
FAQs for MBA in Australia
Ques 1: Is it worth studying at the University of Sydney, Australia?
Ans 1: The University of Sydney is largely regarded as one of Australia's top institutions and also has a solid reputation all over the world. It offers a world-class education with a strong emphasis on hands-on learning. Secondly, the university is well known on a global scale and has the highest graduate employability rate in Australia. This is due to the high level of education provided to students.
Ques 2: What is the estimated cost of studying an MBA in Australia?
Ans 2: The average cost of studying an MBA in Australia is 60,000 AUD per annum.
Ques 3: Is Australia good for an MBA?
Ans 3: Australia is one of the top 5 countries that provide an MBA degree that is recognised globally. MBA admissions in Australia are tough, but it's worth getting admission because of good internship and placement opportunities. Students who graduate from Australia are getting placed all over India with a high salary package.
Ques 4: What qualifications are needed to pursue an MBA in Australia?
Ans 4: To pursue an MBA in Australia, you have to pass the 12th standard with at least 70% marks and an English proficiency test (IELTS 6.5 or TOEFL 80). Some universities in Australia may also require a GMAT score of 650 or higher.
Ques 5: What are the top companies recruiting MBA graduates in Australia?
Ans 5: There are many top recruiters in Australia, i.e., BHP, Johnson & Johnson, Coca-Cola Europacific Partners, Nestlé, Unilever, Microsoft, Amazon Web Services (AWS), Google Australia, Macquarie Group, BCG (Boston Consulting Group) and many more.
Ques 6: What is the highest salary in Australia for an MBA student?
Ans 6: The highest salary in Australia for an MBA student is approximately ₹1.15 Crore annually.