Highlights:
In the QS Global MBA rankings 2024, 16 Australian universities are featured as the best business schools. International student proportion has increased from 20-22% to 28-30% in the last few years in the best business schools in Australia like Melbourne Business School, and UQ Business School among others. To get into these universities, you need a minimum IELTS score of 6.5, or PTE score of 42 for English language proficiency. A minimum GMAT score of 550 is also required. Some of the top MBA universities in Australia include the following
International Student Data reported that the number of employed individuals in Australia is expected to grow from 13.7 million to 13.9 million in 2024. If you are planning to study abroad and Australia is your preferred destination, below are details of Business programs at undergraduate, postgraduate, and doctoral levels.
Some of the reasons for choosing Australia to study abroad are as follows
Are you confused while choosing top MBA colleges in Australia due to the number of choices? According to the QS ranking, the following are the top business schools in Australia. Melbourne Business School is the best university for MBA in Australia, ranking #1 in Australia.
University | QS Ranking, 2024 | Courses Offered |
---|---|---|
Melbourne Business School | #30 | Economics, Finance, Marketing, Management, Strategy, Leadership, Data Analysis |
MGSM Macquarie University | #101-110 | Business Administration, Marketing, Finance, Applied Finance, |
Australian Graduate School of Management (AGSM) | #31 | Change Management, Digital Innovation, Strategic Managements, Leadership, MBA in Social Impact, Master Law/ MBA |
Monash Business School | #30 | Management, Banking and Finance, Economics, Marketing, Health Economics |
UQ Business School | #75 | Business Information Systems, Entrepreneurship, Accounting, Marketing, Tourism and Hospitality, Leadership |
University of Sydney Business School | #50 | Programs in Accounting, Finance, Banking, Business Analytics, Business Information System, Business Law |
Australian National University | #111-120 | Research and education across four research schools: accounting, economics, finance, actuarial studies and statistics and management. |
University of Western Australia Business School | #131-140 | Marketing, Business Analytics, Accounting, Business Law, Masters of Applied Finance, Master of Commerce |
RMIT University School of Business and Law | #151-200 | Accounting, Economics and Finance, Commercial Law, Marketing, Engineering, International Business, Entrepreneurship |
University of South Australia Business School | #151-200 | Marketing, International Business, Human Resource Management, Financial Planning |
Masters in Business programs in Australia have strong connections with developing markets of South East Asia. 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. Following are various postgraduate programs for international students offered by some of the best MBA colleges in Australia
Popular Course | University | Global Rank | Annual Tuition Fees |
---|---|---|---|
Master of Business Analytics | Melbourne Business School | #1 | 74,400 AUD |
Master of Business Administration (Digital Transformation) | University of Southern Queensland | #301–400 | 48,000 AUD |
Master of Marketing Management | University of Canberra | #421 | 29,500 AUD |
Masters in Business Administration (Global) | University of Newcastle | #173 | 41,610 AUD |
Master of International Business/Master of international relations | Griffith University | #243 | 31,000 AUD |
Note: 1 AUD= 55.43 INR as of May 17, 2024
A few top MBA specializations in Australia are mentioned below
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. The admission requirements are as follows
Bachelor's in business from Australia is very 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 some of the best business schools in Australia offering bachelor programs for international students:
Popular Course | University | Global Rank | Annual Tuition Fee |
---|---|---|---|
Bachelor of Commerce with a Major in Business Information Systems |
MGSM Macquarie University |
#101-110 |
43,200 AUD |
Bachelor of business Administration | |||
Bachelor of Business Management (Honors) | UQ Business School | #75 | 48,160 AUD |
Bachelor of Business Administration | Monash Business School | #30 | 52,200 AUD |
Bachelor of Business Information Systems | La Trobe University | #242 | 34,200 AUD |
Bachelor of Commerce / Bachelor of Media (PR & Advertising) | UNSW Business School | #19 | 51,360 AUD |
Bachelor of Business (Supply Chain Management) | Flinders University | #380 | 33,700 AUD |
Bachelor of Commerce | The University of Melbourne | #41 | 51,008 AUD |
Note: 1 AUD= 55.43 INR as of May 17, 2024
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. The overall eligibility criteria for bachelor courses including the exams to study in Australia are stated below
Students with a doctorate degree earn about 7-8% more salary compared to the master degree holders in different job sectors. The best business schools in Australia that offer doctorate degree are the following ones:
Popular Course | University | Annual Tuition Fees |
---|---|---|
Doctoral Program in Business Administration and Analytics | Melbourne Business School | 37,000 AUD |
Doctor of Philosophy (PhD) Information Systems and Technology Management | UNSW Business School | 56,160 AUD |
PhD in Business and Economics | Monash Business School | 35,000 AUD |
Doctor of Philosophy Management and Commerce | UQ Business School | 13,151 AUD |
Doctor of Philosophy (Ph.D.) | MGSM Macquarie University | Funded by Government |
Note: 1 AUD= 55.43 INR as of May 17, 2024
The start date of application in the doctorate business courses is February in majority of 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. However, Students willing for the doctorate degree in business should have the following
To be eligible to study in Australia, you need a subclass 500 student visa. The requirements for the visa are as follows
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 between 58,000 to 169,000 AUD per year in jobs in Australia based on the qualifications 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 a bachelor's and doctorates earn 23% more in the equivalent field. The presentation below shows the annual salary of business professionals in Australia according to their respective professions
Note: 1 AUD= 55.43 INR as of May 17, 2024
You can consider the aforementioned details while choosing any top MBA schools in Australia. There are some globally recognized and top-ranked good MBA colleges in Australia like Monash Business School, UQ Business School among others. More than 30% of international students in Australia study management and commerce courses. The employment in Financial and Insurance Services is likely to grow by 6.3% by 2026, with 33,200 extra jobs.
Ques. What are the English Langauge requirements at the best business schools in Australia?
Ans. If you are a non-native English speaker, documentary evidence of meeting the accepted minimum scores within the previous 24 months may be required. The minimum acceptable scores are 6.5 overall in IELTS, with no band less than 6, minimum score of 79 in TOEFL iBT, with no individual score lower than 21 and minimum PTE score of 58.
Ques. Is GMAT necessary for admission to the top business schools in Australia?
Ans. In Australia, GMAT score is required for applying to the full-time Master of Business Administration (MBA) program. Students might need GMAT score or equivalent test scores for admission to the masters programs in Business in Australia.
Ques. Do I need to submit my academic transcripts for admission to the top business schools in Australia?
Ans. Yes, your academic transcripts must detail all the subjects undertaken throughout your degree as well as the results received for each subject. A graduation certificate/testamur is not sufficient.
If your academic transcripts are in a language other than English, you are also required to submit a complete certified translation with the originals.
Ques. Are references required to apply for MBA in Australia?
Ans. Referees should be people of good standing who know you well; referees who have knowledge of you in a business environment are most useful. You do not necessarily need a reference from your current employer.
Ques. What is the average salary after BBA in Australia?
Ans. Average salary offered to a BBA graduate in Australia is 75,000 AUD per annum. For an Indian graduate, this is equivalent to 40.55 lakhs INR.
Ques. What is the salary offered offered after MBA in Australia?
Ans. Students graduating in Australia at best universities for MBA reportedly earn an average annual salary of 105,000 AUD per year. This is equivalent to 56.76 lakhs INR.
Ques. Where do graduates of best business schools in Australia work?
Ans. Some of the popular companies hiring graduates from the best business schools in Australia include Westpac Banking Corp, AMP Capital Investors, The Valvoline Company, Commonwealth Bank of Australia, and Marriot International Inc among others. Graduates earn salaries between 69,000 to 190,000 AUD per annum (37 lakhs to 1 crore INR) across these companies.