MBA in Australia: Top Universities, Eligibility, Fees, and More

MBA in Australia offers top-tier education with world-renowned universities ranked among the best for MBA programs globally. Institutions like Melbourne Business School and Sydney Business School are recognized for their high employability rates and strong industry ties, making them popular choices for career advancement. Many Australian universities offering MBA programs are accredited by leading bodies such as AACSB, AMBA, and EQUIS, ensuring a high standard of education.

The cost of MBA in Australia can vary based on the university, program duration, and location. For Indian students, Australia provides competitive options that cater to different budgets. Graduates can benefit from Australia’s post-study work visa, which allows them to stay for up to 4 years to gain valuable professional experience.

With the right qualifications, graduates may also be eligible for permanent residency, opening doors to long-term career opportunities in Australia.

Why pursue an MBA in Australia?

Here is why you must pursue an MBA in Australia:

• International Recognition and World-Class Business Schools: Australia has many globally recognized universities and business schools. Employers across the world look for candidates who have completed their MBA in Australia, as they are the most sought-after. The Australian Qualification Framework ensures international recognition for your MBA.

• Cultural diversity and Better Quality of Life: Studying an MBA in Australia gives you a unique opportunity to study with students from diverse backgrounds and gain a broader knowledge of business and management.

• Post-Study Employment Opportunities: According to the Australian Bureau of Statistics, there were 344,000 job vacancies as of November 2024, primarily in the private sector. Most Australian universities have a high employability rate in the global rankings, with students employed in multiple sectors with lucrative salaries.
• Skill Enhancement and Networking: An MBA in Australia is based on real-world applications, where students improve their skillset and networking. Due to Australia's proximity to Asia-Pacific and strong business links across the region, students are extensively trained to have a global perspective on business.

Top 10 Universities for MBA in Australia

Australia is home to some of the best universities for MBA programs, with many consistently ranked among the top universities in Australia for MBA globally. Whether you’re aiming to study at the best MBA colleges in Australia or top business schools offering diverse specializations, Australia offers numerous high-quality options. These MBA universities in Australia are globally recognized, known for strong industry ties and high employability rates, preparing graduates for career success.

The table below features the top 10 business schools in Australia, their QS rankings, and MBA program fees in Australia, providing an overview of the cost and quality you can expect.

MBA Universities in Australia	QS World University Rankings	MBA Program Fee
		(In AUD)
Melbourne Business School	#13	AUD $112,500
AGSM - University of New South Wales, Sydney	#19	AUD $86,760
University of Sydney Business School	#18	AUD $58,800
University of Queensland Business School, Brisbane	#40	AUD $63,900
Macquarie Business School, Macquarie University, Sydney	#133	AUD $46,500
University of Western Australia Business School, Perth	#77	AUD $81,000
RMIT University School of Business and Law, Melbourne	#123	AUD $76,800
UniSA Business School, Adelaide	#340	AUD $63,000
University of Technology Sydney Business School	#88	AUD $54,690
Sydney Business School, University of Wollongong	#167	AUD $81,800

 

Studying at these top business schools in Australia opens doors to world-class education, valuable networking, and post-study work visa opportunities, leading to lucrative job opportunities and potential permanent residency. If you're considering an MBA in Australia, this guide will help you choose the best options for your professional and personal goals.
 

1. Melbourne Business School

The table below lists the MBA programs offered, duration of the program, and program cost at Melbourne Business School, University of Melbourne:

Programs Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	2 years	AUD $112,500
Executive MBA	1.5 years	AUD $125,100
Part-time MBA	2+ years	AUD $5,150/Subject
Online MBA	3 years	AUD $90,000

 

2. AGSM - University of New South Wales

The table below lists the MBA programs offered, program duration and program cost at AGSM - University of New South Wales:

 

Programs Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	1 year	AUD $86,760
MBA Extension	2 years	AUD $113,160

 

3. University of Sydney Business School

The table below lists the MBA program offered, program duration and program cost at University of Sydney Business School:

 

Program Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	1.5 years	AUD $67,000

 

4. University of Queensland Business School, Brisbane

The table below lists the MBA programs offered, program duration and program cost at University of Queensland Business School:

 

Programs Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	1.5 years	AUD $63,984
Part-time MBA	2 years	AUD $63,984

 

5. Macquarie Business School, Macquarie University, Sydney

The table below lists the MBA program offered, program duration and program cost at Macquarie Business School, Macquarie University:

 

Program Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	1.5 - 2 years	AUD $46,500+

 

6. University of Western Australia Business School, Perth

The table below lists the MBA programs offered, program duration and program cost at University of Western Australia Business School:

Programs Offered	Duration	Estimated Cost (In AUD)
MBA Intensive	1 year	AUD $86,400
MBA Flexible	Up to 5 years	AUD $60,800
MBA and Master of Laws	2 years	AUD $126,400

 

Note: The University of Western Australia (UWA), in collaboration with the Indian Institute of Management (IIM)-Kozhikode, offers an online Executive MBA. The two-year-long MBA program offers dual credentials, earning an MBA from UWA and a Payroll Compliance Professional (PCP) certification from IIM-Kozhikode. The program cost is ₹560,000 (GST excluded).

 

7. RMIT University School of Business and Law, Melbourne

The table below lists the MBA programs offered, program duration and program cost at RMIT University School of Business and Law:

 

Programs Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	2 years	AUD $82,560
Executive MBA	2 years	AUD $112,500

 

UniSA Business School, Adelaide

The table below lists the MBA programs offered, program duration and program cost at UniSA Business School:

Programs Offered	Duration	Estimated Cost (In AUD)
MBA	1.5 years	AUD $60,000
International MBA	2 years	AUD $80,000 - $120,000

 

9. University of Technology Sydney Business School

The table below lists the MBA programs offered, program duration and program cost at University of Technology Sydney Business School:

 

Programs Offered	Duration	Estimated Cost (In AUD)
Full-time MBA	2 years	AUD $96,140
Part-time MBA	Up to 4 years	AUD $96,140
Executive MBA	1.5 years	AUD $66,700
Part-time Executive MBA	2 years	AUD $66,700
Online MBA	2 years	AUD $48,000

 

10. Sydney Business School, University of Wollongong

The table below lists the MBA programs offered, program duration and program cost at Sydney Business School, University of Wollongong:

 

Programs Offered	Duration	Estimated Cost (In AUD)
MBA	1.5 years	AUD $67,600
MBA Advanced	Up to 4 years	AUD $90,144
Online MBA	1.5 years	AUD $67,600
Master of Business	2 years	AUD $55,650

 

Note: The advanced MBA program at University of Wollongong offers specializations in Accounting, Business Analytics, Finance, Human Resource Management, Marketing and Project Management.

Scholarships and Financial Aid to Study MBA in Australia

Most Australian universities offer support to international students through scholarships or financial aid. These are mostly merit-based and college-specific for MBAs in Australia. However, various organizations offer a few external fellowships or scholarships to international students studying in Australia. Below are a few scholarships provided by universities and external organizations.

• Melbourne Business School MBA Scholarships: partial to full tuition coverage based on overall profile for all MBA programs
• Adelaide MBA Scholarship: Covers full tuition fee on merit basis
• UNSW Business School Scholarships: Covers partial tuition fee on merit basis
• UQ Business School MBA Scholarships: Covers partial tuition fee based on overall profile
• Macquarie University MBA Scholarship: Covers partial tuition fee on merit basis

Read more…

Australia Scholarships for International Students

Admission Requirements for MBA in Australia

The general admission requirements for MBA in Australia are as given below:

• A bachelor’s degree or equivalent from a recognized university ( Some universities may ask for a specific bachelor’s degree)
• A minimum GPA ranging from 60% to 70%
• 2-3 years of relevant work experience (For executive MBA programs, work experience of 5-10 years may be required)
• GMAT/GRE score of 650 or higher (Varies depending on the university)
• Proof of English language proficiency through tests like IELTS, TOEFL iBT, or PTE Academic
• Academic transcripts from previous institutions
• SOP and LORs (If applicable)
• A well-structured resume

Visa Requirements for MBA in Australia

Candidates must apply for a Subclass 500 visa to pursue an MBA in Australia.

The general visa requirements for MBA in Australia are given below:

• Acceptance letter from the university where you have applied for the MBA program
• Proof of sufficient funds to support yourself in Australia
• Health insurance
• Medical certificate
• Proof of English proficiency through tests like IELTS, TOEFL or PTE
• Proof of no criminal record

*Want to apply for an Australia student visa ? Y-Axis is here to assist you!

Steps to apply for MBA Course to study in Australia

The steps to apply for an MBA course to study in Australia are as follows:

Step 1: Research and identify the MBA program

Step 2: Check your eligibility for the program

Step 3: Gather all relevant documents like academic transcripts, SOP, LORs, English proficiency scores etc. for submission

Step 4: Submit your application online

Step 5: Wait for acceptance letter or confirmation of enrolment

Job Opportunities after MBA in Australia

Many jobs offer lucrative salaries for students who completed their MBA in Australia. Students can apply for a post-study work visa or a Temporary Graduate visa (Subclass 485) that allows them to live, work, and study in Australia after they complete their bachelor’s, master's, or doctoral degrees. The visa duration varies from 18 months to 4 years, depending on qualification and location.

The subclass 485 visa has two main streams:

Post-Higher Education Work stream

• Issued for students who have completed their bachelor, master, or doctoral degrees in an Australian university
• Must meet the Australian Study Requirement (ASR)
• Must be under 35 years of age
• Duration of visa ranging from 2 to 3 years

Post-Vocational Education Work stream

• Issued for students who have completed their associate degree, diploma, or trade qualification
• Must meet the Australian Study Requirement (ASR)
• Eligibility based on qualification and skillset

Note: If you are in a regional area, you can apply for the Second Post-Higher Education Work stream, which will extend your stay in Australia once the duration of your first visa is completed.

List of high-paying jobs after MBA in Australia

The table below lists the high-paying jobs for MBA graduates in Australia:

 

Job Role	Average Annual Salary
Human Resources Officer	AUD $80,900
Project Manager	AUD $125,000
Payroll Specialist	AUD $101,400
Accounting Manager	AUD $135,500
Warehouse Manager	AUD $94,900
Marketing Manager	AUD $115,000
Sales Engineer	AUD $115,000
Sales Analyst	AUD $97,500
Sales Manager	AUD $110,000
Community Manager	AUD $119,500

Source: Talent

Frequently Asked Questions

Here are a few frequently asked questions about pursuing an MBA in Australia:

Is Australia a good choice for an MBA?
Yes, Australia is a good choice for pursuing an MBA. Known for its high-quality education, strong industry connections, and diverse learning options, Australia’s business environment and inclusive society make it attractive to students.

What is the duration of MBA program in Australia?

The duration of most MBA programs in Australia is 1.5 to 2 years. However, certain business schools offer part-time, executive, advanced, and online MBA programs, and the duration varies depending on the university you have applied to.

Can I work while doing MBA in Australia?

Yes, international students can work part-time while pursuing their MBA in Australia. Students can work up to 40 hours per fortnight during active semesters and full-time during vacations.

Can I apply for PR after completing my MBA in Australia?

You may be eligible for PR, given that you meet specific requirements. Students can apply for a post-study work visa to stay and work in Australia for 18 months to 4 years. Australia PR will be determined based on points-based assessment, English language proficiency, and relevant work experience.

How can Y-Axis help you study in Australia?

Y-Axis provides extensive support for students who wish to do their MBA in Australia. At Y-Axis, we offer the following:

• Y-Path to choose your ideal course
• Y-Axis Coaching Centre for IELTS, TOEFL, GRE and GMAT to boost your scores
• Visa guidance for Germany student visa

Guidance and assistance in writing unbiased SOPs and LORs for students