A Master of Business Administration (MBA) opens up a new dimension of job opportunities to advance your career. It imparts interpersonal and business leadership skills to solve complex business problems. Australia is one of the most sought-after study abroad destinations to pursue MBA. So, here’s everything you must know if you are planning to fly to Australia for business management studies.

Key Highlights

• Why Australia for MBA?
• Top MBA Universities in Australia
• Some popular business schools in Melbourne
• In-demand specialisations in Australia
• MBA in Australia requirements
• Fee for MBA in Australia
• Can you work in India after completing your MBA in Australia?

Why Australia for MBA?

• Did you know ~6,00,000 international students were studying in Australia in 2022? Pursuing an MBA from Australia is worth it because the reputed Australian business schools offer world-class education.
• Post-study work opportunities drive more students to pursue higher education in Australia. The Post-Study Work Stream allows you to work or explore work opportunities in Australia for 2 to 4 years, depending on your study program.
• Furthermore, Australia is a melting pot of cultures and safe for the international student community.
• As per the latest update, international students can now work for 48 hours per fortnight. 

Sr. No.	Name of the university	Quacquarelli Symonds (QS) World University Rankings	Times Higher Education (THE) World University Rankings
1	Melbourne Business School	1	1
2	Monash Business School	4	2
3	The University of New South Wales (UNSW)	2	5
4	UQ Business School	5	3
5	Macquarie Business School	3	11
6	Australian National University	7	4
7	University of Western Australia Business School	6	8
8	Unisa Business School	9	17
9	RMIT University School of  Business and Law	8	13
10	UTS Business School	10	10

Some popular business schools in Melbourne
Melbourne is one of the most popular student cities in Australia. Its multicultural environment makes it a culturally-sensitive location for the student community. Besides, if you are a sports enthusiast, this city is meant for you.
Some premier B-schools in Melbourne

• Monash University
• Melbourne Business School
• La Trobe Business School
• RMIT University
• Deakin Business School
• Victoria Graduate School of Business

In-demand specialisations in Australia

• General Management
• Marketing
• Human Resource Development
• Finance
• Engineering Management
• Operations Management
• Entrepreneurship Management

MBA in Australia requirements
The eligibility criteria to pursue MBA in Australia will largely depend on your preferred university. So, it is advised to check your chosen B-school’s website to understand if there are any specific requirements.
Here are some basic requirements to study MBA in Australia:

• Complete your bachelor’s degree and meet the minimum marks required by your chosen business school
• Take English proficiency tests such as the International English Language Testing System (IELTS), Test of English as a Foreign Language (TOEFL), or Pearson Test of English (PTE). Many universities have waived the English exams, such as IELTS. So it is advised to check the requirement with your chosen university.
• Clear Graduate Management Admission Test (GMAT)
• If you have some work experience, it will earn you some brownie points

Note: GMAT score is not mandatory for securing a seat in many Australian universities. However, a good academic score in your undergraduation is important.

Fee for MBA in Australia
The tuition fees per year will be around AUD 27,000 to AUD 1,00,000, which is approximately INR 14,60,000 to INR 54,08,000. Apart from tuition fees, you also have to factor in other expenses such as travelling expenses, accommodation costs, living expenses, cost of learning devices and other miscellaneous expenses. So, the cost of living in Australia could be anywhere between ~AUD 18,000 to ~AUD 50,000, approximately INR 9,80,000 to ~INR 27,22,000.
Education at Australian universities can be super costly. However, don’t let anything come between you and quality education. Therefore, you can opt for an education loan for study abroad programs. This allows you to fund your higher studies independently.

Can you work in India after completing your MBA in Australia?
The business management courses in Australia are globally recognised and hence, valid in India too. You can unlock lucrative opportunities to work in India or any part of the world.  
So, this is what you must know before landing in Australia to pursue business management. Studying MBA in Australia can open new doors to build a successful career; therefore, don’t let the lack of finances bother you. These days, loans for students are easily available. If you want information related to the education loan rate of interest, application, and documentation process, please feel free to connect with us. We, at Avanse Financial Services will be glad to guide you and help you aspire without boundaries.