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MBA in Australia

You’ve probably heard that Australia is a top destination for international students—but what makes it a smart choice for an MBA? With over 20 top-ranked business schools and a strong job market, Australia attracts thousands of international students every year.

Most MBA programs here take 12-18 months, which helps you save time and tuition costs. Graduates from schools like Melbourne Business School and UNSW earn an average salary of AUD 98,000 (₹53 lakh) per year (Payscale). Plus, the post-study work visa lets you stay and work for up to four years.

If you want real-world experience, an MBA in Australia delivers that. They focus on industry projects, networking, and internships with global companies. 

Do you plan to climb the corporate ladder or start your own business? An MBA in Australia is the way to go. Here’s what you need to know before applying!

Highlights: Studying MBA in Australia

Australia is one of the top destinations for an MBA. The country attracts over 20,000 international MBA students annually (Source: Australian Department of Education), with top business schools ranked among the best in the world.

Key Factor Details
Program Duration 1-year fast-track or 2-year full-time programs available
Top Business Schools Melbourne Business School, AGSM at UNSW, Monash Business School, UQ Business School
Tuition Fees AUD 40,000 – AUD 90,000 (₹22 – ₹50 lakh) per year
Living Costs AUD 1,400 – AUD 2,500 (₹75,000 – ₹1.3 lakh) per month, depending on city
Post-MBA Salaries AUD 98,000 – AUD 120,000 (₹53 – ₹65 lakh) per year (Source: Payscale)
Work Visa & PR Pathways Graduate Route Visa (Subclass 485), Employer-Sponsored PR options
Popular MBA Specializations Finance, Marketing, Business Analytics, Supply Chain, Entrepreneurship

Explore these helpful guides to plan your MBA in Australia:

Types of MBA in Australia

Australia offers multiple MBA formats as per different career goals, work experience levels, and study preferences. Whether you're a fresh graduate, a mid-career professional, or an entrepreneur, there's an MBA program designed for you.

Type of MBA Duration Best For
Full-Time MBA 1-2 years Career switchers, international students
Executive MBA (EMBA) 1-2 years (part-time) Mid-career professionals (8-15 years of experience)
Part-Time MBA 2-4 years Working professionals
Online MBA Flexible (1-4 years) Remote learners, professionals needing flexibility
Dual Degree MBA 2-3 years Students combining business with specialized fields

Which MBA Format is Right for You?

  • Looking for a fast-track career switch? – Full-Time MBA (1-year programs available at Melbourne Business School & AGSM).
  • Already working and want to upskill? – Part-Time or Executive MBA (offered at Monash, UQ Business School).
  • Need maximum flexibility? – Online MBA (provided by Deakin, Macquarie, and UNSW).
  • Interested in specialized fields? – Dual Degree MBA (combined with Finance, IT, or Healthcare at Sydney Business School).

Industry Demand for MBA Graduates in Australia

  • 80% of Australian MBA graduates receive job offers within three months of graduation (Source: QS World University Rankings).
  • Top recruiters include Deloitte, PwC, Amazon, Google, and HSBC, actively hiring across finance, consulting, and tech.
  • The median salary for MBA graduates in Australia is AUD 98,000 – AUD 120,000 (₹53 – ₹65 lakh) per year (Source: Payscale).

For more insights into why an MBA in Australia is a great investment, read Why Study in Australia.

Best Specializations for MBA in Australia: Which One is Right for You?

Your MBA specialization determines your career path, earning potential, and job opportunities. In Australia, top industries like finance, technology, and supply chain management offer strong career prospects for MBA graduates.

Top MBA Specializations & Career Prospects

Specialization Who It’s For Job Roles
Finance Those interested in banking, investment, and corporate finance Financial Analyst, Investment Banker, Risk Manager
Marketing Creative thinkers who enjoy branding, digital marketing, and sales Marketing Manager, Brand Strategist, PR Executive
Business Analytics Data-driven professionals focused on AI, big data, and forecasting Business Analyst, Data Strategist, Operations Manager
Entrepreneurship Aspiring business owners and startup founders Business Owner, Venture Capitalist, Startup Consultant
Supply Chain Management Those interested in logistics, procurement, and global trade Supply Chain Manager, Operations Director, Logistics Specialist

Which Specialization Should You Choose?

  • Finance: If you want high-paying jobs in banking, investment, or corporate finance.
  • Marketing: If you're interested in branding, digital strategy, and advertising.
  • Business Analytics: If you love working with data and making strategic decisions.
  • Entrepreneurship: If you want to start your own business or join a startup.
  • Supply Chain Management: If you’re interested in operations, logistics, and global trade.

Industry Insights & Job Market Growth

  • Finance MBAs are in high demand, with a 22% growth in Australia’s financial sector over the past five years (Source: Australian Bureau of Statistics).
  • Marketing MBA grads earn 35% more than those with a standard business degree (Source: Payscale Australia).
  • Data analytics and business intelligence roles are expected to increase by 25% by 2026 (Source: Australian Government Job Outlook).

Best Universities for MBA in Australia (2025)

Australia is one of the top destinations for MBA students with globally recognized programs, high post-MBA salaries, and strong industry connections. 

Here’s a look at the top MBA universities in Australia (2025):

University & Location Fees (Per Year) Course Highlights
Melbourne Business School (University of Melbourne) – Melbourne AUD $90,000 – $100,000 (₹48–₹53 lakh) Ranked #1 in Australia, strong corporate ties, high ROI
Australian Graduate School of Management (AGSM) – UNSW Sydney AUD $85,000 – $95,000 (₹45–₹50 lakh) Specializations in strategy, finance, and digital transformation
Monash Business School (Monash University) – Melbourne AUD $60,000 – $75,000 (₹32–₹40 lakh) Strong focus on consulting, healthcare, and leadership
Macquarie Business School (Macquarie University) – Sydney AUD $50,000 – $65,000 (₹27–₹35 lakh) Industry-integrated curriculum, ties with multinational firms
University of Queensland (UQ) Business School – Brisbane AUD $60,000 – $70,000 (₹32–₹38 lakh) Sustainability and corporate leadership focus
University of Sydney Business School – Sydney AUD $70,000 – $85,000 (₹37–₹45 lakh) High post-MBA salaries, strong connections with finance & consulting firms
RMIT University – Melbourne AUD $40,000 – $55,000 (₹21–₹29 lakh) Best for entrepreneurship & innovation, startup-friendly environment
Curtin University – Perth AUD $35,000 – $50,000 (₹18–₹27 lakh) Affordable MBA with strong industry collaboration

Planning your MBA in Australia? Check out these helpful guides:

Eligibility Criteria for MBA in Australia

To pursue an MBA in Australia, you must meet specific academic, professional, and language requirements. While top universities have strict admission criteria, many programs offer flexibility in GMAT/GRE and work experience requirements.

Who Can Apply?

  • Bachelor’s Degree: A recognized undergraduate degree (minimum 3 or 4 years).
  • GMAT/GRE: Some universities require GMAT/GRE scores, but many waive this for students with strong academic records or work experience. (Check GMAT/GRE requirements)
  • Work Experience:
    • Regular MBA: Not mandatory, but preferred (1-3 years).
    • Executive MBA: 2-5 years of managerial experience required.
  • English Language Proficiency:
    • IELTS: 6.5 – 7.0 overall score (Check IELTS articles)
    • TOEFL: 79+ iBT (Check TOEFL articles)
    • PTE: 58+ (Check PTE articles)

Tip: Some universities accept a strong SOP & professional experience in place of GMAT/GRE scores.

Application Process for MBA in Australia 

Applying for an MBA in Australia involves multiple steps, from shortlisting universities to visa applications. Here’s a breakdown of the process:

Step 1: Check Admission Deadlines

  • Most universities have two major intakes – February & July.
  • Deadlines typically fall 4-6 months before the intake date.

Step 2: Gather Required Documents

Required Document Details
Statement of Purpose (SOP) Explain career goals, leadership experience & why Australia
Letters of Recommendation (LORs) 2–3 from professors or employers (Check LOR format)
Resume (CV) List of academic achievements, projects & work experience
Transcripts & Degree Certificates Required from all previous universities
GMAT/GRE Scores Only if required by the university (Check if you need GMAT or GRE)
English Test Scores IELTS, TOEFL, or PTE
Scholarship Application If applying for funding (Explore scholarships for MBA students)

Step 3: Apply via University Portals or Centralized Systems

  • Direct Applications: Most universities have their own online portals.
  • Centralized Systems: Some applications go through:
    • UAC (Universities Admissions Centre) – For NSW & ACT universities
    • VTAC (Victorian Tertiary Admissions Centre) – For Victoria-based universities

Step 4: Receive an Admission Offer & Apply for a Visa

  • Universities take 4-8 weeks to process applications.
  • Once accepted, apply for an Australian Student Visa (Subclass 500).

Need help with SOP? Read this guide on writing a strong SOP.

Cost of Studying MBA in Australia

The country does attract students looking for globally recognized degrees and high post-MBA salaries. However, studying here requires a significant financial commitment. 

The total cost includes tuition fees, living expenses, visa fees, and health insurance, which vary depending on the university and city.

Tuition Fees: Public vs. Private Universities

University Type Estimated Cost (Per Year) Notes
Public Universities AUD 40,000 – AUD 65,000 (₹22 – ₹36 lakh) More affordable, strong industry ties
Private Universities AUD 60,000 – AUD 90,000 (₹33 – ₹50 lakh) Higher fees, global rankings, executive MBA options

Check a detailed breakdown of MBA tuition fees.

Living Costs in Major Australian Cities

Apart from tuition, living costs depend on your city of study. 

The Australian Government estimates that international students need at least AUD 21,000 per year for living expenses (Source: Australian Government Study Guide).

City Estimated Monthly Cost Why Study Here?
Sydney AUD 2,000 – AUD 2,800 (₹1.1 – ₹1.5 lakh) Finance & tech hub, high salaries
Melbourne AUD 1,800 – AUD 2,500 (₹1 – ₹1.4 lakh) Business & creative industries
Brisbane AUD 1,400 – AUD 2,000 (₹75,000 – ₹1.1 lakh) Affordable rent, strong student community
Adelaide AUD 1,200 – AUD 1,800 (₹65,000 – ₹1 lakh) Lowest living costs among major cities
Perth AUD 1,300 – AUD 1,900 (₹70,000 – ₹1 lakh) Growing finance & mining sector

Additional Expenses for MBA Students

Expense Type Estimated Cost (Per Year) Notes
Student Visa (Subclass 500) AUD 710 (₹39,000) Required for international students
Health Insurance (OSHC) AUD 600 – AUD 800 (₹33,000 – ₹45,000) Mandatory for visa approval
Books & Study Materials AUD 500 – AUD 1,200 (₹27,000 – ₹65,000) Varies by university
Transport AUD 100 – AUD 150 per month (₹5,500 – ₹8,000) Public transport in major cities

Check out visa requirements and processing times.

How to Reduce Costs

  • Apply for Scholarships: Australia offers fully funded and merit-based scholarships for MBA students.
  • Work Part-Time: International students can work up to 48 hours per fortnight while studying, earning AUD 22 – AUD 30 per hour.
  • Live in Shared Accommodation: Renting in university dorms or shared apartments can save up to AUD 500 per month.

Scholarships for MBA in Australia

The Australian government, universities, and corporations provide scholarships to international students to ease the financial burden. These scholarships cover tuition fees, living expenses, or both.

1. Government-Funded Scholarships

Scholarship Name Eligibility Funding Amount
Australia Awards Scholarship Open to students from eligible countries Full tuition + living stipend
Destination Australia Scholarship Based on academic merit AUD 15,000 – AUD 25,000 (₹8 – ₹14 lakh)
Research Training Program (RTP) For research-based MBA students Partial to full tuition coverage

Explore fully funded scholarships here.

2. University-Specific MBA Scholarships

University Scholarship Name Funding
University of Melbourne Melbourne Business School Scholarship AUD 25,000 (₹14 lakh)
University of Sydney Sydney Scholars India Equity Scholarship Up to AUD 40,000 (₹22 lakh)
Monash University Monash International Merit Scholarship 50% – 100% tuition waiver
University of Queensland UQ Business School MBA Scholarship AUD 10,000 – AUD 30,000 (₹5 – ₹16 lakh)

Check list of MBA scholarships.

3. Private & Corporate Sponsorships

Scholarship Name Offered By Funding
AMP Business Leadership Scholarship AMP Australia Partial tuition funding
Commonwealth Bank Future Leaders Scholarship Commonwealth Bank of Australia Covers tuition + stipend
PwC Future Business Leaders Grant PwC Australia Partial funding + internship

Career Opportunities After MBA in Australia

Australia's MBA graduates enjoy strong employment outcomes, with 85% securing jobs within three months (Source: QS Global Employer Survey). The country's diverse economy offers roles across finance, consulting, technology, and entrepreneurship, with top recruiters including Deloitte, PwC, Commonwealth Bank, and Amazon. Salaries vary based on specialization and experience.

Top Post-MBA Careers in Australia

Job Role Average Salary (AUD per year) Top Employers
Investment Banker 110,000 – 180,000 (₹60 – ₹98 lakh) Macquarie Group, Commonwealth Bank, Westpac
Management Consultant 100,000 – 150,000 (₹55 – ₹82 lakh) Deloitte, PwC, McKinsey, KPMG
Marketing Manager 95,000 – 140,000 (₹52 – ₹76 lakh) Unilever, Procter & Gamble, Nestlé
Data Analytics Manager 105,000 – 160,000 (₹58 – ₹88 lakh) Google, Amazon, Accenture
HR Director 120,000 – 170,000 (₹65 – ₹93 lakh) EY, IBM, Australian Government

Looking for part-time work while studying? Check out these part-time job opportunities in Australia.

Work Permit After MBA in Australia

International MBA graduates in Australia have several visa pathways to gain work experience and eventually apply for PR.

Temporary Graduate Visa (Subclass 485) – Post-Study Work Stream

  • Allows international students to stay and work for 2-4 years after graduation.
  • Requires an Australian qualification from a CRICOS-registered institution.
  • No sponsorship needed—students can work in any field.
  • Check out Australia’s post-study work visa for more details.

Skilled Migration & PR Pathway

  • Employer-Sponsored Visa (Subclass 482) – Work visa for skilled professionals with job offers.
  • Skilled Independent Visa (Subclass 189) – PR for highly skilled workers (points-based system).
  • Skilled Nominated Visa (Subclass 190) – PR with state nomination.

Thinking about settling in Australia? Here’s how to get Australian citizenship.

Is an MBA in Australia Worth It?

Pros Cons
High salaries and job prospects in finance, consulting, and tech. Cost of living in cities like Sydney and Melbourne is high.
Pathways to PR through work visas. Job market can be competitive for fresh graduates.
Globally recognized MBA programs. Tuition fees can be expensive.
Business schools have strong industry connections. Limited post-study work visa duration compared to Canada.

Want to compare with other study destinations? Read about:

Canada vs Australia to Study

Australia vs Ireland to Study

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124 results found

Master of Business Administration

Australian National University, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 27.38L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    FEB 2026

Master of Business Administration/Master of Marketing

The University of Melbourne, Australia

  • DURATION
    2 Years 6 Months
  • FEES
    INR 58.75L/yr
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    AUG 2025

Master of Business Administration (Leadership and Enterprise)

The University of Sydney, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 32.60L/yr
  • EXAMS
    -
  • INTAKE SESSION
    AUG 2025

AGSM Master of Business Administration

The University of New South Wales, Australia

  • DURATION
    1 Year
  • FEES
    INR 46.58L (Total)
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    FEB 2026

Master of Business Administration

The University of Queensland Australia, Australia

  • DURATION
    1 Year
  • FEES
    INR 36.47L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    JUL 2025

Master of Business Administration

Monash University, Australia

  • DURATION
    2 Years
  • FEES
    INR 27.70L/yr
  • EXAMS
    -
  • INTAKE SESSION
    FEB 2026

Master of Business Administration Flexible

The University of Western Australia (UWA), Australia

  • DURATION
    1 Year 3 Months
  • FEES
    INR 28.61L/yr
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    MAY 2025

Master of Business Administration (Emerging Leaders)

The University of Adelaide, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 40.93L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    SEP 2024

Master of Engineering Management / Master of Business Administration

University of Technology Sydney (UTS), Australia

  • DURATION
    2 Years
  • FEES
    INR 23.99L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    AUG 2025

Master of Business Administration - MBA

University of Wollongong, Australia, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 38.54L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    FEB 2025

Master of Business Administration

RMIT University, Australia

  • DURATION
    2 Years
  • FEES
    INR 27.91L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    JUL 2025

Master of Business Administration (MBA) (Global)

The University of Newcastle, Australia, Australia

  • DURATION
    2 Years
  • FEES
    INR 22.26L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    JAN 2025

Master of Science (Minerals and Energy Economics), Master of Business Administration

Curtin University, Australia

  • DURATION
    2 Years 6 Months
  • FEES
    INR 21.92L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    JUL 2025

Master of Business Administration

Macquarie University, Australia

  • DURATION
    2 Years
  • FEES
    INR 26.51L/yr
  • EXAMS
    IELTS-7.0
  • INTAKE SESSION
    APR 2025

Master of Business Administration (MBA)

Queensland University of Technology, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 26.70L/yr
  • EXAMS
    -
  • INTAKE SESSION
    SEP 2024

Master of Business Administration (International)

University of Tasmania (UTAS), Australia

  • DURATION
    2 Years
  • FEES
    INR 37.68L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    FEB 2025

Master of Business Administration (Executive)

Swinburne University of Technology, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 19.15L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    FEB 2025

Master of Business Administration

Griffith University, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 27.65L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    NOV 2024

Master of Business Administration

La Trobe University, Australia

  • DURATION
    1 Year 6 Months
  • FEES
    INR 22.46L/yr
  • EXAMS
    -
  • INTAKE SESSION
    -

International Master of Business Administration

University of South Australia, Australia

  • DURATION
    2 Years
  • FEES
    INR 23.94L/yr
  • EXAMS
    IELTS-6.5
  • INTAKE SESSION
    JUL 2025

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All information provided on this page is for general use and upGrad Abroad is not responsible for any errors or omissions. The Universities involved in this Program are accredited/recognized in the countries where they are established. Relevant terms and conditions apply.Any action taken upon the information found on this website is strictly at your own risk.