Business schools in Melbourne belong to the top 2% b-schools in the world. Melbourne city is also home to Melbourne Business School which consistently ranks in top 100 in world, as per FT Rankings. The MBA placement rate of each business school in Melbourne is significantly high and ranges around 90%.
If you are planning to study in Australia any of the business schools in Melbourne, the estimated budget is 17,500 AUD (9.50 Lakh INR) for living expenses & 50,000 AUD (27.15 Lakh INR) for tuition & fees. For Indian students, the cost of studying in business schools in Melbourne is INR 35.6 lakhs per year. Following are the top business schools in Melbourne:
- Melbourne Business School
- Monash University
- La Trobe Business School
- RMIT University
- Victoria Graduate School of Business
- Deakin Business School
| Business Schools in Australia | Business Schools in Sydney |
Melbourne Business School
Melbourne Business School is known for offering postgraduate degree programs in the field of management, economics, finance and entrepreneurship. Melbourne Business School is ranked at #1 in MBA degree in Australia by The Financial Times, the QS and The Economist. The following table represents important facts about Melbourne Business School:
| Particular | Details |
|---|---|
| Popular Courses | MBA | MS in Business Analytics | Master of Management |
| MBA Tuition Fee Per Year for Indian Students | 52.6 lakhs INR |
| Admission Requirements | 2 LORs, Personal statement, GMAT or equivalent GRE, 2 years of work experience |
| GMAT Score | 560 |
| IELTS Score | Minimum of 7.0 overall with no individual score less than 6.5 |
| Melbourne Business School Full Time MBA Intake Sessions | Round 1: November 20, 2023 Round 2: January 29, 2024 Round 3: March 25, 2024 Round 4: May 20, 2024 (final off-shore international closing date) Round 5: July 1, 2024 |
Monash Business School
Monash Business School is among the top 1% Business Schools in the world and offers numerous undergraduate, postgraduate, MBA, entrepreneurship and executive MBA programs. The b-school enrolls over 16,307 students including 12,852 undergraduate and 3,282 graduate students. MBA in Monash University is ranked at #84 by QS Global Rankings 2023. Following are the significant factors about Monash Business School:
| Particular | Details |
|---|---|
| Popular Courses | MBA | Global Executive MBA |
| Rankings | #3 in QS Global Rankings for Oceania 2022, #73 in QS Global Rankings 2022, #26 in Best Global Universities for Economics and Business |
| MBA Tuition Fee Per Year for Indian Students | 26 lakhs INR |
| GMAT Requirement | GMAT/GRE score not required (Average GMAT: 650) |
| IELTS Score | 6.5 Overall score, with minimum band score of 6 |
| MBA Deadline | 31 March 2024 |
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La Trobe Business School
La Trobe Business School is known for its programs across Management and Marketing. La Trobe MBA ranks 5th in Melbourne and 201-250 in the world for MBA as per QS Global MBA Rankings 2023. Following are the important information about admission to La Trobe Business School:
| Particular | Details |
|---|---|
| Popular Courses | MBA | Master of Engineering Management | Master of Commerce |
| Average Annual Tuition Fee for Indian Students | 20.5 lakhs |
| Admission Requirements | Weighted average 60%, Three years of work experience, Academic transcripts |
| GMAT Requirements | Not required (Average GMAT: 600) |
| IELTS Score | Overall 6.0, no band less than 6.0 |
| MBA Deadline | 21 January 2024 |
Graduate School of Business and Law - RMIT University
RMIT University is home to 26,000 students in Melbourne, Vietnam, and via partnerships in Singapore and China. The b-school offers placement opportunities in its 60 partner companies.. Check the details of admission to Graduate School of Business and Law - RMIT University:
| Particular | Details |
|---|---|
| Popular Courses | MBA | Executive MBA | Juris Doctor |
| MBA Tuition Fee Per Year for Indian Students | 24.8 lakhs INR |
| Admission Requirements | Australian bachelor degree equivalent, Minimum GPA of 1.0 out of 4.0 (65-66%) |
| GMAT Score | 550 |
| IELTS Score | 6.5 (no band less than 6.0) |
| MBA Deadline | 6 March 2024 |
Victoria Graduate School of Business
Ranked among top 2% universities worldwide by QS, Victoria University offers world class postgraduate programs in different academic fields. Victoria Graduate School of Business offers education in Accounting & Finance, Business Administration, Information systems Management and various other streams. The details of admission to Victoria Graduate School of Business are as follows:
| Particular | Details |
|---|---|
| Top Programs | MBA | Master of Management | Master of Business Analytics |
| Average Annual Tuition Fee for Indian Students | 8.73 lakhs INR |
| Admission Requirements | 55% in Bachelor's degree in any discipline, 5 years managerial experience |
| GMAT Score | Not required (Average GMAT: 600) |
| IELTS Score | Overall score of 6.5 with no band less than 6.0 |
| MBA Deadline | 29 April 2024 |
Deakin Business School
Deakin Business School is one of the top b-schools with a high graduate employability rate. Deakin Business School offers a wide range of business related courses across six academic departments including Accounting, Finance, Economics, Information Systems and Business Analytics, Management and Marketing. The details of admission to Deakin Business School are as follows:
| Particular | Details |
|---|---|
| Top Programs | International MBA | Master of International Accounting | Master Human Resource Management |
| Average Annual Tuition Fee for Indian Students | 20.6 lakhs INR |
| Admission Requirements | UG degree in any discipline and two years of relevant work experience |
| GMAT Requirements | Not required (Average GMAT: 600) |
| IELTS Requirements | 6.5 (with no band score less than 6) or equivalent |
Admission Requirements for Business Schools in Melbourne
Students planning to apply to the business schools in Melbourne should prepare with the following documents:
- 3-4 year bachelor's degree
- Certified translation of non-English transcripts
- Statement of Purpose
- Evidence of financial support
- Letters of recommendation
- IELTS score
- GMAT or GRE score (Average GMAT score: 600+)
- CV/ Resume
Read More:
Business Schools in Melbourne offer the best business analytics degrees in Australia. Besides, the short courses for working professionals in Melbourne are unmatched in quality. Considering adequate graduate job opportunities with average salaries of 106,000 AUD (57.57 Lakh INR) per annum, Business Schools in Melbourne offer a promising career to international students.
FAQs
Ques. Is Melbourne Business School a reputable institution?
Ans. The Economist has named Melbourne Business School's MBA programme the finest in Australia and one of the top ten in the world for networking. Melbourne Business School is also ranked at #1 in MBA degree in Australia by The Financial Times, the QS Ranking 2023.
Ques. What are some of the best business schools in Melbourne for MBA?
Ans. Following are some of the top ranked business schools in Melbourne according to the QS rankings 2024:
| University/School | QS Global MBA Ranking 2024 |
|---|---|
| Melbourne Business School | 30 |
| Monash Business School | 84 |
| RMIT University School of Law and Business | 151-200 |
| Deakin Business School | 201-250 |
Ques: What are the admission requirements for Monash Business School?
Ans. To get into the Monash Business School the general admission requirement that you will need to fulfill are mentioned below:
- GMAT score of 650 or above
- IELTS score of 6.5 Overall score, with minimum band score of 6.
Ques. How much work experience is required to get admission to MBA at Melbourne Business School?
Ans. To get admission into the MBA program of Melbourne Business School students need to have documentary proof of a minimum of 2 years of work experience in the management field.
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