Fix Your Career With an Overseas MBA in Australia

1. Types of MBA in Australia

Australia provides MBA degrees in the following forms, whether for domestic or foreign students:

• Full-time MBA
• Executive MBA
• Online MBA
• Distance Learning MBA

2. Why Study MBA in Australia?

In general, there is a specific set of parameters that must be considered before opting for an MBA. This must be divided into destinations, universities, specializations, tuition costs, living expenses, financial help, and so on. Australia will be the number one choice for overseas students if you create a checklist for these elements. Many elements contribute to the phenomenon’s popularity and global awareness. Perception in particular will sustain you in making the best choice.

• According to the QS News Global MBA Ranking, 13 colleges are recognized and listed among the world's Top 250 business schools.
• According to the QS Global MBA Ranking 2023, five business schools are placed in the world's top 10.
• Australia ranks fifth in terms of MBA wages.
• The FT Business School Ranking (2023) places three Australian business schools among the world's top 10 institutions.
• Companies in high-growth industries such as technology, finance, consulting, and marketing are eager to hire MBA graduates.
• Several MBA programs have been certified by international agencies such as AACSB.
• Its cost - effectiveness makes it an appealing alternative for students.
• Students can work and study in Australia because of the flexibility of Australian institutions.
• There are several specialization choices available.
• The artistic assortment between students at Australian colleges makes it a famous site for Indian students to get an MBA.

3. Popular MBA Courses

For Indian students, Australian universities provide a range of MBA programs. The following are some popular MBA programs:

MBA in Finance: If you want to study financial concepts in a universal market, an MBA in Finance is the way to go. Investment management, stockbroking, financial economics, company finance, and international finance are all included in the course curriculum. By finishing this course, you will have the opportunity to work in a variety of industries such as financial services, banking, insurance, stockbroking, credit risk management, financial agencies, and consultancies.

MBA in International Business: This is one of the most prestigious management programs in the world, and international students are flocking to Australia to study it. This course primarily focuses on worldwide marketing, finance, human resources, and company management. An international business degree holder can work as a global business manager, chief executive officer, international business consultant, or administrative service manager.

MBA in e-commerce: In recent times, there has been a significant increase in the demand for MBA in e-commerce. Furthermore, with a widely renowned degree from one of Australia's leading universities, you will have an incredible opportunity to influence your career in the e-commerce business. MBA e-commerce graduates can work as e-commerce consultants, promotion managers, senior web developers, and other related positions.

MBA in Strategy & Leadership: Individuals who want to pursue strategic management and leadership goals might seek an MBA in Strategy & Leadership. It assists in bringing out the best in aspirants by challenging them to develop and implement business plans, manage the firm, and so on.

MBA in Human Resource Management: Aspirants with a strong desire to mingle and engage with others might consider an MBA in Human Resource Management. This program's curriculum includes staffing, recruiting, training personnel, implementing staff welfare policies, and enhancing employee productivity and engagement.

4. Top Universities

The best thing about Australian institutions is their ubiquitous position at the top of worldwide rankings tables. QS Global MBA rankings and FT business school rankings both acknowledge Australia's top universities. Not only that, but these positions on the ranking are increasing year after year. Aside from that, the courses at these business schools are designed to meet world-class standards, allowing Management graduates to maximize their potential. According to the rankings, we have identified the best business schools/institutions.

This allows you to make more informed selections when it comes to education. 

5. Popular Intakes in Australia 2024

When it comes to MBA in Australia for Indian students, there are two main phases of intakes in Australia throughout the year. We are preparing for the coming February intakes 2024 to complete your MBA in Australia. They are as follows:

• February 
• July 

6. Requirement for MBA in Australia

Individuals from a variety of backgrounds can learn at Australian colleges that offer MBA programs. You are offered the chance to plan and interrelate with several professionals to realize definite company difficulties. This provides a platform for you to obtain a sense of how the corporate world operates, which is one disadvantage you may encounter if you lack prior experience. The following are the prerequisites for Indian students to pursue an MBA in Australia:

• A bachelor's degree in any regulation is essential.
• The most critical integrants of your admission procedure are your undergraduate degree final score and your GMAT score. This can, however, vary. For example, inferior grades in a bachelor's degree can be compensated for with a high GMAT score, and vice versa.
• The remaining admission requirements include your extracurricular activities, SOP, LORs, and IELTS scores.
• Minimum of 2-3 years of work participation is essential. Some colleges, however, appraise students with little or no experience. The approved MBA program, abbreviated AMBA, needs at least three years of work experience.

7. Popular Scholarship for MBA to Study in Australia

The scholarships are accessible to excellent students, both private and international, who have been received into the Australia MBA program. All scholarships have been determined essential for the application activity to brace qualified students based on their background and acquisition.

Requirements to avail of International scholarships are the following:

• Undergraduate degree certificates 
• Passport
• Academic transcripts
• Curriculum vitae
• The personalized revelation that states the capability to get a scholarship
• Photo
• English proficiency test certificate

8. Cost of Tuition Fees MBA in Australia for International Students

The cost of a program is closely dependent on its duration, specialty, and business school. It is best to receive the insights for the MBA cost in Australia early and plan them ahead of time. Understanding the pricing structure is essential for avoiding any complications.

The table below is intended to assist you in determining the typical program fees for various colleges.

9. Course Duration for MBA in Australia

We are all aware that an MBA course takes two years to complete. If you are considering enrolling in an MBA in Australia, you should know that most colleges offer courses that last between 15 months and two years. Many institutions have recently established one-year MBA programs; the course duration at some of Australia's premier universities is shown here. You may find it here:

10. Job Opportunities After MBA in Australia

Universities contribute MBA in Australia for Indian Students with worldwide reports creating strong occupation profiles and packages for its students. For the educational year 2022-23, the Melbourne Business School recorded a 90% placement rate. In an expression of salary, Australian organizations outperform those in the United States. Tourism and real estate are inflating businesses with several career expectations. Australia's commercial houses are inflating and assisting specialist workers with restricted employment chances. As a result, attempting a determined field throughout your MBA is dominant. Overall, the employment market in Australia appears to be favorable for individuals seeking to continue residing in the country after graduation. The top MBA job profiles are shown here.

• Business Analytics
• Marketing Manager
• Sales Manager
• Business Consultant
• Business Development Manager
• Finance Advisor
• Human Resource Manager
• Product Manager
• Entrepreneur

11. MBA in Australia without GMAT

There are some Universities where you can be admitted without a GMAT score. Test options institutes are provided in a list below for your convenience: 

• University of Adelaide
• Monash University
• University of Western Sydney
• University of Newcastle
• Curtin University
• RMIT University
• Griffith University
• La Trobe University
• Deakin University
• University of Wollongong

12. Cheapest MBA in Australia for Indian Students

There are various prospects in the country for those looking for the cheapest MBA in Australia for foreign students. Many universities and business schools in Australia contribute MBA programs at a low expense. The classic tuition expense for such programs is between AUD 29,200 and AUD 47,880 per year. Some of the universities offering the lowest MBA in Australia for overseas students are listed below-

• Kaplan Business School
• Victoria University
• University of the Sunshine Coast
• Federation University
• Central Queensland University
• University of Southern Queensland
• Edith Cowan University
• Charles Darwin Institute
• James Cook University
• Holmes Institute

13. Visa For MBA in Australia

After collecting an offer letter from your crave institute, you can go through this list as soon as realizable to be assembled in proceed:

14. Conclusion

In this blog, we read everything about pursuing MBA in Australia, including popular courses, universities, tuition fees, expenses, job opportunities etc. You can choose the best universities in Australia for MBA as it’s one of the most preferred destinations abroad which provides high quality of education and quality of life. Applying to Australian universities can be a daunting task. You can contact Career Clinic for any kind of assistance you require during your application process or visa process.