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Yatin Kumar Study Abroad Content Specialist
Study Abroad Content Specialist
An MBA in Finance in Australia is a top choice for aspiring finance professionals looking to develop advanced expertise in investment strategies, risk management, and corporate finance. Emphasizing practical learning, these programs typically take 1.5–2 years to complete full-time, while part-time schedules extend up to four years for working students. The strong financial sector in Australia, projected to grow by 13.8% over the coming decade, offers abundant career opportunities. Graduates benefit from competitive salaries ranging between 70,000–150,000 AUD, bolstered by the country’s robust economy and strong professional networks. Australian universities rank among the best globally for educational standards.
Key Highlights:
| Key Metrics | Details |
|---|---|
| Degree Type | MBA in Finance |
| Duration | 1.5–2 years (Full-Time) | Up to 4 years (Part-Time) |
| Admission Requirements | Bachelor’s degree (65–70% aggregate), 1–3 years work experience, IELTS 6.0–6.5 or TOEFL 79+ |
| Tuition Fees | 35,000–70,000 AUD (approx. ₹18–37 lakhs) |
| Average Annual Living Expenses | 2,326 AUD/month (₹1.28 lakhs/month) |
| Average Salary Post-MBA | 70,000–150,000 AUD/year (approx. ₹37–79 lakhs) |
| Top Employers | Commonwealth Bank, ANZ Banking Group, Westpac, NAB, Deloitte, EY |
| Projected Growth (Financial Sector) | 13.8% over the next decade (Australian Bureau of Statistics) |
| Popular Recruiters | Consulting firms (Deloitte, Accenture), Banks (ANZ, NAB), Multinationals (EY, Cognizant) |
Also Check: Top MBA Colleges In Australia
- Why study MBA in Finance in Australia?
- Top Universities in Australia for MBA in Finance
- MBA in Finance in Australia Requirements
- MBA in Finance in Australia: Cost of Studying
- MBA in Finance in Australia: Scholarships
- MBA in Finance in Australia Salary
-
- MBA in Finance in Australia v/s MBA in Finance in UK
- FAQs
Why study MBA in Finance in Australia?
- Australia is home to some of the top universities in the world for MBA in Finance such as University of South Australia (#340), The University of Western Australia (#77), and University of Newcastle(#179), as per the QS World University Rankings 2025.
- As of January 2025, employment in the Financial and Insurance Services industry was approximately 542,373 workers, reflecting a slight decline of 1.4% or about 7,800 jobs over the past year. The industry is projected to grow by 13.8% over the next ten years, with expectations to reach around 577,774 jobs by May 2028.
- Salaries for MBA in Finance graduates in Australia are competitive, with entry-level salaries averaging around 70,000 AUD (40 lakhs INR) per annum. With experience, graduates can expect to earn even higher salaries, with some earning upwards of 150,000 AUD (85 lakhs INR) per annum.
As of January 2025, Australia's unemployment rate stands at 4.0%, following a rise from 3.9% in November 2024. This increase is attributed to a growth in employment by 56,000 people, alongside an increase in the number of unemployed individuals by 10,000.
Top Universities in Australia for MBA in Finance
Below are leading MBA Finance colleges in Australia with annual tuition fees. Always check official websites for the latest deadlines and admission cycles.
| Top Universities | Program | Tuition Fee (AUD) |
|---|---|---|
| University of South Australia | MBA (Finance) | 43,800 |
| Western Sydney University | MBA (Finance & Investment) | 35,016 |
| University of Newcastle | MBA (Applied Finance) | 40,330 |
| University of Tasmania | MBA (Finance) | 67,664 |
| Bond University | MBA (Finance) | 70,170 |
| Flinders University | MBA (Finance) | 39,400 |
Additional Top B-Schools
- Melbourne Business School (MBS): Tuition ~ 89,500 AUD; Nationally Ranked #1, Global rank #30
- UNSW (AGSM): Tuition ~ 87,820 AUD; 16-month accelerated MBA with robust finance electives
- University of Sydney Business School: Tuition ~ 75,000 AUD; global rank #50
MBA in Finance in Australia Requirements
Majority of the top universities for MBA in Finance in Australia require a bachelor’s degree from an accredited university with a higher academic standing. Some other admission requirements are given below:
| Top Universities | Admission Requirements |
|---|---|
| University of South Australia | Bachelor’s degree from a recognized university | 3+ years of professional management experience |
| Western Sydney University | Bachelor’s degree from a recognized university |
| University of Newcastle | Bachelor’s degree (hons) from a recognized university | Updated Resume/CV |
| University of Tasmania | Bachelor’s degree from a recognized university |
| Bond University | Bachelor’s degree from a recognized university | 3+ years of professional management experience |
| Flinders University | Bachelor’s degree from a recognized university |
MBA in Finance in Australia Eligibility
Checklist for the basic admission requirements and eligibility criteria for MBA in Finance in Australia:
- Bachelor’s degree/Bachelor’s (hons) degree
- Minimum overall aggregate of 65-70%
- 1-3 years of professional management work experience
- English Proficiency Test Scores IELTS: 6.5 | TOEFL: 88
- Updated Resume/CV
- Official Transcripts
- Valid Passport
- Australian Student Visa
MBA in Finance in Australia: English Language Proficiency Test Scores
The English proficiency test scores required by the top universities for MBA in Finance in Australia are given below:
| Top Universities | IELTS | TOEFL |
|---|---|---|
| The University of South Australia | 6.5 | 79 |
| Western Sydney University | 6.5 | 82 |
| The University of Newcastle | 6.5 | 82 |
| The University of Tasmania | 6.5 | 88 |
| Bond University | 6.5 | 79 |
| Flinders University | 6.5 | 82 |
MBA in Finance in Australia: Cost of Studying
The total cost of education for students wishing to study in Australia is given below. To ensure a smooth experience, it is always preferable to be aware of the costs involved and optimize the budget beforehand.
The tuition fees for some of the top universities for MBA in Finance in Australia is as follows:
| Top Universities | Tuition Fee (AUD) | Tuition Fee (INR) |
|---|---|---|
| University of South Australia | 43,800 | 23 lakhs |
| Western Sydney University | 35,016 | 18 lakhs |
| University of Newcastle | 40,330 | 21 lakhs |
| University of Tasmania | 67,664 | 35 lakhs |
| Bond University | 70,170 | 37 lakhs |
| Flinders University | 39,400 | 20 lakhs |
Cost of Living in Australia
The estimated monthly cost of living in Australia is 2,326 AUD (1.28 lakhs INR). The breakdown of the associated costs is provided in the table below:
| Expense Type | Average Cost (AUD) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 1,495 | 82,010 |
| Food | 312 | 17,115 |
| Travel | 150 | 8,228 |
| Internet | 76 | 4,169 |
| Utilities | 207 | 11,354 |
| Miscellaneous | 86 | 4,717 |
MBA in Finance in Australia: Scholarships
In addition to the tuition fees, students also need to cover the total cost of travel and accommodation in Australia, which can become an expensive deal. Numerous scholarships are offered by the top universities in Australia for helping students with their financial burden. Some of the scholarships for international students in Australia are tabulated below:
| Scholarships | Eligibility | Award Details (AUD) |
|---|---|---|
| Vice Chancellor's International Excellence Scholarship | Enrolled in University of South Australia | Academic Merit | 50% tuition fee waiver |
| Western Sydney International Scholarships | Academic Merit | 6,000 per year |
| South Asia Excellence Scholarship | Enrolled in University of Newcastle | 10,000 per year |
| Dean of Business and Economics MBA Merit Scholarship | Enrolled in the MBA program of University of Tasmania | 50% tuition fee waiver |
| Transformer Scholarship | Enrolled in Bond University | 50% tuition fee waiver |
| Global Scholarships | Enrolled in Flinders University | 20% tuition fee waiver |
MBA in Finance in Australia Salary
Pursuing an MBA in Finance in Australia can lead to various job opportunities in the financial sector. Some of the common jobs in Australia that MBA in Finance graduates can apply for include:
| Job Role | Average Salary (AUD) | Average Salary (INR) |
|---|---|---|
| Management Accountant | 75,794 | 40 lakhs |
| Operations Manager | 113,352 | 60 lakhs |
| Finance Manager | 105,383 | 55 lakhs |
| Senior Business Analyst | 116,383 | 61 lakhs |
| Chief Financial Officer (CFO) | 175,360 | 92 lakhs |
| Financial Advisor | 96,221 | 50 lakhs |
| Finance Officer | 64,915 | 34 lakhs |
| Cost Controller | 86,129 | 45 lakhs |
| Accountant | 63,319 | 33 lakhs |
MBA in Finance in Australia: Return on Investment
MBA in Finance in Australia can provide a high return on investment (ROI) for students who pursue the program. MBA graduates in finance typically receive higher salaries than those with just a bachelor's degree in finance, which can justify the investment in pursuing an MBA degree. The ROI of some of the top universities in Australia for MBA in Finance in Australia can be seen in the graph below:
| Top Universities | Tuition Fee | Average Salary |
|---|---|---|
| The University of South Australia | 43,800 | 166,000 |
| Western Sydney University | 35,016 | 130,000 |
| Bond University | 70,170 | 158,000 |
MBA in Finance v/s Masters in Finance in Australia
Australia has become one of the most popular study abroad destinations for international students seeking education in finance. Among the various degree options available, two programs stand out -MBA in Finance and Masters in Finance in Australia. While both programs offer rigorous training in finance and can lead to high-paying careers, they differ in significant ways. This section will explore the key differences between the MBA in Finance and Masters in Finance in Australia:
| Parameters | MBA in Finance in Australia | Masters in Finance in Australia |
|---|---|---|
| Course Duration | 2 years | 1-1.5 years |
| Admission requirements | Bachelor’s degree from a recognized university | Updated Resume/CV | Official Transcripts | Bachelor’s degree in business, commerce, or related fields | Overall aggregate of 65-70% | GRE Scores | 2 LORs |
| Work Experience | 3+ years of professional management experience | Not required but recommended |
| English Proficiency | IELTS: 6.5 | TOEFL: 88 | IELTS: 6.5 | TOEFL: 86 |
| Tuition Fee | 35,000 AUD-70,000 AUD (18 lakhs-37 lakhs INR) | 31,000 AUD-70,000 AUD (17 lakhs-40 lakhs INR) |
| Average Salary | 101,000 AUD (53 lakhs INR) | 67,500 AUD (38.37 lakhs INR) per year |
MBA in Finance in Australia v/s MBA in Finance in UK
For applicants wondering, “Which is better for MBA in Finance: Australia or UK?”, the table below provides basic differences between the two countries:
| Parameters | MBA in Finance in Australia | MBA in Finance in UK |
|---|---|---|
| Degree Types | MBA in Finance | MBA with a specialization in Finance |
| Course Duration | 2 years | 1 year |
| Program Types | Full-Time | Part-Time | Full-Time, Part-Time |
| Admission requirements | Bachelor’s degree from a recognized university | 3+ years of professional management experience | Updated Resume/CV | Official Transcripts | Bachelor’s (hons) degree| Minimum overall aggregate of 60-70% | Personal Statement | Updated Resume/CV | 1-2 LORs | Essay Questions | Official Transcripts |
| Work Experience | 1-3 years | 2-5 years |
| GMAT/GRE Scores | Not required | GMAT: 580-680 | GRE Verbal: 156 | GRE Quantitative: 158 |
| English Proficiency | IELTS: 6.5 | TOEFL: 88 | IELTS: 6.5-7.5 | TOEFL: 88-100 |
| Tuition Fee | 33,000 AUD-70,000 AUD (18 lakhs-40 lakhs INR) | 12,000-65,000 GBP (12.10-65.657 lakhs INR) |
| Monthly Cost of Living | 2,326 AUD (1.28 lakhs INR) | 1,120 GBP (1.11 lakhs INR) |
| Average Salary | 98,000 AUD (55 lakhs INR) | 59,000 GBP (59.51 lakhs INR) |
Also Read: MBA in Finance in UK
The popularity of MBA in Finance in Australia among international students is due to the country's thriving economy, which offers numerous opportunities for career growth in the financial sector. The course is designed to provide students with a strong foundation in financial management, investment analysis, risk management, and strategic decision-making.
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