MBA Colleges in Australia: Eligibility, Specialisations, Cost, Scholarships
MBA is one of the most popular PG courses in India. The course offers ample opportunities and exposure to students and helps them to upskill themselves. However, the MBA college plays a great role in differentiating what kind of skills you gain. This is extremely important when it comes to pursuing an MBA in Australia. Australia has become a favourite destination to pursue a 2-year MBA course for Indian students.
Amongst several factors, practical learning, diverse environment and placement support are major ones. In this guide, we have listed all the important details related to the top MBA colleges in Australia, scholarship programs, and career opportunities.
Best MBA Universities in Australia
Choosing the best MBA college in Australia is not easy. Therefore, candidates must compare their annual tuition fees. Additionally, not every MBA course comes with a duration of 2 years. Some MBA universities in Australia also offer a 1.5 year course. Here in the table below, we have compared the annual tuition fees and duration of popular colleges offering MBA in Australia.
|
University |
Annual Tuition Fees (AUD) |
Duration |
|
University of New South Wales, Sydney |
42000 |
24 Months |
|
Deakin University |
48600 |
24 Months |
|
Adelaide University |
49000 |
24 Months |
|
The University of Newcastle |
41610 |
24 Months |
|
University of Wollongong |
40944 |
18 Months |
|
Queensland University of Technology |
52896 |
18 Months |
|
RMIT University |
48960 |
24 Months |
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World Ranking of Top MBA Colleges in Australia
Before admission, the candidates must check the QS World Ranking 2025 along with course fees. This helps to get an idea of the overall reputation of the college or university name. Refer to the table below to know about the college-wise world ranking along with MBA fees in Australia.
|
College/University Name |
QS World Ranking 2025 |
MBA Fees in Australia/year (AUD) |
|
The University of Melbourne |
13 |
75,000 |
|
The University of Sydney |
18 |
60,000 – 70,000 |
|
The University of New South Wales |
19 |
80,000 |
|
Australian National University (ANU) |
30 |
52,000 |
|
Monash University |
37 |
65,000 |
|
The University of Queensland |
40 |
50,000 |
|
The University of Western Australia |
77 |
48,000 |
|
The University of Adelaide |
82 |
42,000 |
|
University of Technology Sydney |
88 |
45,000 |
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Top MBA Specialisations in Australia
|
Specialisation |
Details |
|
Finance |
This specialisation suits students who like banking, investment, or handling money. It teaches how to manage funds, understand risks, and make smart financial decisions. |
|
Marketing |
Students learn about branding, advertising, and what influences customers. It is a good choice for creative minds who want to help businesses grow. |
|
Project Management |
This area trains students to plan, run, and complete projects on time. It helps them work well across different industries. |
|
Tourism and Hospitality |
Aimed at students interested in travel, events, or hotel management. It focuses on customer service and how to manage daily business operations. |
|
International Business |
This specialisation prepares students to work in global markets. It teaches about international trade, global strategy, and how businesses work across countries. |
Eligibility Criteria to Pursue an MBA in Australia
The candidates need to possess basic eligibility to pursue a PG course from MBA colleges in Australia. The eligibility ranges from educational qualification, work experience, to language proficiency. In the table below, we have provided the details related to the basic eligibility criteria of MBA colleges in Australia.
|
MBA in Australia Eligibility Criteria |
Details |
|
Bachelor’s Degree |
The student must have completed a Bachelor’s degree in any discipline from a recognised university. |
|
Work Experience |
The student must have 2–3 years of full-time experience for Executive MBA programs. |
|
English Language Proficiency |
IELTS (6.5-7.0) TOEFL PTE |
|
Statement of Purpose (SOP) |
A detailed essay describing career goals, academic background, and reasons for pursuing an MBA in Australia. |
|
Letters of Recommendation (LORs) |
Not mandatory for all MBA programs, but may be required for Executive MBA or programs. |
Cost of Studying an MBA in Australia
The cost of studying for an MBA in Australia is calculated by considering a lot of different expenses. Some major expenses that candidates have to take into account are tuition fees of MBA colleges in Australia, other expenses, namely, tuition fees, textbooks, student visa etc. Typically, the cost of studying ranges between 50,000 to 1,00,000 AUD. Refer to the table below to get a complete breakdown of the cost.
|
Expense Name |
Estimated Cost (AUD) |
|
Tuition Fees |
40,000 – 90,000 per year |
|
On-Campus Accommodation |
150 – 300 per week |
|
Off-Campus Accommodation |
200 – 500 per week |
|
Food and Utilities |
300 – 700 per month |
|
Textbooks and Study Materials |
500 – 1,000 per year |
|
Overseas Student Health Cover (OSHC) |
600 – 800 per year |
|
Transportation |
50 – 150 per month |
|
Personal Expenses (Clothing, Entertainment, etc.) |
200 – 400 per month |
|
Student Visa (Subclass 500) Application Fee |
620 (one-time) |
Scholarship Programs of MBA Colleges in Australia
Presently, there are over 600 scholarships offered by top MBA colleges in Australia. However, the eligibility for each scholarship is different. Candidates who fulfill the basic eligibility criteria are eligible to avail the scholarship from top MBA universities in Australia.
|
MBA College in Australia |
Scholarship Name |
Scholarship Value / Benefits |
|
University of Melbourne |
Kraft Heinz Scholarship |
Offers financial assistance of up to AUD 12,000 to MBA students. |
|
UNSW Business School (AGSM) |
AGSM Global Reach Scholarship |
Provides up to AUD 77,760 towards tuition fees for the full MBA program. |
|
UNSW Business School (AGSM) |
AGSM Excellence Scholarship |
Grants up to AUD 25,000 for one academic year |
|
Monash University |
Monash MBA International Women in Leadership Scholarship |
Covers 100% of tuition fees for exceptional female candidates enrolling in the MBA program. |
|
Melbourne Business School |
Dean’s International Management Scholarship |
Offers full tuition fee coverage for top international MBA candidates. |
|
Australian National University (ANU) |
ANU College of Business and Economics India Excellence Scholarship |
Provides AUD 5,000 per year to students from India. |
|
University of Sydney Business School |
MBA (Intensive) International Prestige Scholarship |
Awards up to AUD 77,500 to exceptional students in the intensive MBA program. |
|
University of Adelaide |
Adelaide MBA Scholarship |
Covers between 10% and 25% of total tuition fees, based on academic merit. |
|
University of Wollongong |
UOW Postgraduate Academic Excellence Scholarship |
Offers a 30% reduction in tuition fees for the MBA course. |
|
University of Newcastle |
International Excellence Scholarship (India) |
Provides up to AUD 15,000 per year for students scoring a GPA of 6.5 or above. |
|
University of Newcastle |
South Asia Business and Law Scholarship |
Offers AUD 10,000 for programs lasting two years or more, and AUD 5,000 for one-year courses. |
|
University of Western Australia (UWA) |
MBA Student Scholarship |
Covers 100% of tuition fees of MBA candidates. |
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Career Opportunities in Australia for MBA Students
Once a student completes their course from an MBA College in Australia, they can apply for a work visa. This enables them to gain work in the country temporarily. The candidates whose course is registered with CRICOS (Commonwealth Register of Institutions and Courses for Overseas Students) are eligible for this visa.
Also, the length of the Temporary Graduate Visa (subclass 485) depends on the course the candidate has completed. Now, since an MBA is a Postgraduate degree, the length of the visa is upto 3 years.
The average base salary of an MBA graduate in Australia is AUD 105,000 per year. After passing out from MBA colleges in Australia, the graduates become eligible for managerial roles, namely, Product Manager, Sales Manager and even Business Development Manager.
Refer to the table below to know about the average salary that a particular job profile is liable for:
|
Job Title |
Average Salary (AUD) |
|
CEO |
AUD 170,000 – 210,000 |
|
Operations Manager |
AUD 90,000 – 115,000 |
|
Project Manager |
AUD 100,000 – 125,000 |
|
General / Operations Manager |
AUD 115,000 – 140,000 |
|
Marketing Manager |
AUD 80,000 – 100,000 |
FAQs about MBA college in Australia
Q.1. What is the cheapest MBA college in Australia?
Ans. Several universities like Central Queensland University, University of Southern Queensland offer 2 year MBA courses with fees ranging between Rs 16 to 20 lakhs for an MBA in Australia.
Q.2. Do I need GMAT for MBA in Australia?
Ans. No, most of the MBA colleges in Australia do not require a GMAT score for admission to the PG course.
Q.3. What is the entrance exam for an MBA in Australia?
Ans. Candidates do not have to appear for any specific entrance exam for an MBA in Australia. However, scorecards of IELTS, TOEFL or PTE give an extra edge in admission.
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