Irrespective of whether or not you are a domestic or international student, this article will be informative to you; as it contains a well-explained process, cost, scholarships and requirements to study MBA in Australia for local and international students.
Australia is seen as one of the most sought-after study destinations for domestic and international students. And obtaining an MBA in Australia is the obvious dream of so many international students.
Quality education, high research opportunities, and excellent career prospects make Australia a hot favourite study destination for MBA aspirants. Apart from this, favourable visa policies also get a lot of students to pursue their studies in Australia. The universities in Australia are internationally recognized and offer courses in the most preferred language, i.e. English. Management courses in these universities focus on imparting leadership qualities and giving real-world experience by offering internships in top companies. Excluding this, as Australia is a multicultural country; students get to experience a diversified cultural environment on issues in relation to business and management.
Universities also offer foundation courses, which equips students to grasp their course in a better way. This content will include information that will provide you all you need to know about studying an MBA in Australia as international students, including requirements, cost and how to get MBA scholarships in Australia.
Australia Intake For MBA for International Students
Two main intakes for applying to Australian universities:
- February
- July
- November (applicable for few universities)
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Living Cost for Students Studying MBA in Australia
Except from the tuition fee for the chosen course, there are other requirements one needs to fulfill. The overall expenditure including hostel and meals, transportation, other study related and personal expenses and insurance will cost close to AUD 20,700. (Figures can be different based on the lifestyle of an individual and place of living)
How long does it take to study MBA in Australia?
At most universities in Australia, the duration to study MBA program is 2 years. The MBA period at most Australian universities is between 15 months and 2 years. In addition, many universities offer one-year MBA programs because Melbourne Business School has started a one-year MBA program that is very popular with domestic and international students around the world.
Below is a list of universities in Australia offering MBA programs and how long it takes to complete.
| B-Schools | Duration of the course |
| Melbourne Business School | 16 months |
| Macquarie University | 1 Year |
| University of Tasmania | 1.7 years |
| University of Canberra | 2 years |
| Australian National University | 1.5 years |
| Monash University | 2 years |
| Bond University | 1 year |
| University of Western Australia | 16 months |
| University of Technology, Sydney | 2 years |
| Central Queensland University | 1-2 years |
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MBA in Australia Requirements
Some of the requirements for admission to study MBA in a University or institution in Australia are:
Undergraduate degree:
Applicants must have received an undergraduate degree in any area from a recognized university.
IELTS:
Students must have secured a good IELTS score in order to obtain the Australian visa. Students from non-English speaking countries have to prove English language skills in order to be admitted to the university.
Professional experience:
Although not mandatory, professional experience of at least two or three years is definitely an advantage for candidates. Most universities prefer applicants with 2-3 years of professional experience in their field.
GMAT:
Most universities and colleges in Australia accept the GMAT score for admission to the study MBA program. A good graduate management admission test (GMAT) is required to go to a higher university to receive an MBA. However, the average GMAT score for admission to an Australian university is 590.
The aforementioned requirements must be met be an international student is accepted to study MBA in Australia.
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MBA in Australia Cost
One of the most important factors in choosing a university to study MBA in Australia is the curriculum and the cost of the program. Always compare the cost of studying at different universities and choose the one that is reasonable in your pocket. According to mbanews.com, the cost of an MBA in Australia rose by 5.6% from 2017 to 2018. Therefore, always consider several factors that add to the cost, such as: cost of the course. , accommodation, travel and research costs for project work.
List of MBA Universities in Australia and Cost
| University/School/Provider | Estimated Total Course Fee |
| University of Sydney Business School – Global Executive MBA | $97,500 |
| University of New South Wales (AGSM) – MBA Full Time | $87,820 |
| University of Melbourne (MBS) – MBA | $85,470 |
| University of New South Wales (AGSM) – MBA (Executive) | $84,135 |
| Macquarie University (MGSM) – MBA | $80,000 |
| University of Sydney Business School – MBA (Full-time) | $75,000 |
| University of Western Australia – MBA Full Time Intensive | $73,500 |
| Curtin University – MBA (Advanced) | $71,200 |
| Monash University – MBA (B6016) | $65,600 |
| University of Technology Sydney – MBA | $62,784 |
| University of Adelaide – MBA | $60,000 |
| QUT Business School – MBA | $57,600 |
| University of New South Wales (AGSM) – MBAX | $56,520 |
| Bond University – MBA | $56,373 |
Exams needed to study MBA in Australia
Interested applicants to study MBA in Australia who do not meet the English language requirements of IELTS/TOEFL/PTE can pursue English Language Intensive Courses for Overseas Students (ELICOS) courses; it is an equivalent of English language courses in Australia. this is important, as language test is one of the requirements to study MBA in Australia. Students who are required to prove English language proficiency in order to study at any university or vocational college or want to work can take any course under ELICOS. There are diverse types of ELICOS courses, students can take any course based on their requirements.
How can International Students get Scholarships for MBA in Australia?
If you are looking for an MBA scholarship in Australia as an international student, you should definitely consider the performance-oriented MBA scholarship (Global). The maximum number of scholarships offered is two. In order to apply for the MBA (Global) scholarship, the candidate must: have an offer for admission to the MBA (Global) study. There are a lot of other ways one can get scholarships to study MBA in Australia. The institution you study must have a financial aid for; it is important you find out if opportunities like that are available.
Annual Scholarships for MBA in Australia for International Students
Here are some of the annual scholarships that you stand a chance to be benefit from when you study MBA in Australia as an international student.
Curtin University MBA International Students Scholarships in Australia
This Scholarship is offered for international students taking MBA in Australia in the field of Business Administration. You can apply to this scholarship with the link provided below.
This Scholarship is always open. This scholarship is made available by Curtin University and the value of this scholarship is Partial Funding, $1,250 towards the tuition fees of each unit for 12 units or 8 units . This scholarship is open for:
Host Platform
Curtin University
Eligible Study Level/Field
MBA Students
Eligible Group
The candidates applying for this Scholarship should be International students.
General Eligibility Requirements
The candidates applying for this Scholarship should be International students.
The applicants are expected to start as soon as possible. The candidates applying for this MBA in Australia scholarship should have been offered into the MBA Program for full-time Onshore International Students. The applicants should be admitted for at least 75 credits each trimester.
Scholarship Benefits
The successful applicants of the scholarship will get $15,000, paid like $1,250 for the tuition fees for each unit for 12 units MBA program or $10,000, paid like $1,250 for the tuition fees for every unit for 8 units MBA program.
Application Guidelines
- The candidates applying for the scholarship are not required to submit a different application for the scholarship.
- The applicants for MBA will be automatically assessed for this Scholarship.
- The candidates will be assessed based on their academic merit, documentary evidence attached to the MBA application form, and responses to the questions that would be asked in the application form for MBA.
Application Closing Date
The applications for this MBA in Australia scholarship are accepted any time of the year.
Monash University MBA International Women in Leadership Scholarships for international students
The MBA International Women in Leadership Scholarships in Australia by Monash University is offered for, MBA, masters degree in the field of Business Administration. You can apply to this scholarship with the link that would be made available at the end.
Host Platform
Monash Business School
Eligible Study Level/Field
Masters, MBA
Eligible Group
Only international applicants are eligible
General Eligibility Requirements
- Applicants of this Scholarship must be applicants of MBA program in Monash Australia.
- Applicants should be female
- Only international applicants are eligible, i.e Australian citizens or permanent residents are not eligible.
- Candidates will be chosen on the basis of career planning and trajectory and individual contribution towards the advancement of community and organization.
- Candidates applying for this MBA in Australia Scholarships will be selected on the basis of career planning and trajectory and their individual contribution towards the advancement of home community and organization.
Scholarship Benefits
Partial Funding, up to $24,000
Application Guidelines
While applying online, applicants are required to submit some documents, a personal statement and a scholarship application statement in about 500 words.
Application Closing Date
varies
Monash MBA International Excellence in Leadership Scholarships
Monash MBA International Excellence Scholarships is offered for Masters, and MBA degree in the field of Business Administration. It os open to domestic and international students in Australia
You can apply to this scholarship with link provided at the bottom of this content
Host Platform
Monash Business School
Eligible Study Level/Field
MBA and othe Master’s students
Eligible Group
Candidates from Australia and other international Communities
General Eligibility Requirements
- Candidates of Monash MBA must be applicants of an MBA program.
- The scholarship is open to international students.
- Candidates applying for this MBA in Australia scholarship must not hold an Australian citizenship, permanent residency, or a permanent humanitarian visa the person must be an international student.
- Candidates are going to be selected on the basis of career planning and trajectory and their individual contribution towards the advancement of their home community and organization.
- While submitting your application online, candidates are required to submit a few other documents, a personal statement including a scholarship application statement of about 500 words.
Scholarship Benefits
Partial Funding, up to $16,000
Application Closing Date
varies
Melbourne Business School Diversity Excellence Scholarships
Melbourne Business School is offering MBA in Australia scholarship for MBA degree in the field of Business administration.
You can apply to this scholarship at the end of the content through the provided link.
This scholarship is powered by Melbourne Business School and the value of this award is Partial Funding for tuition fee.
Host Platform
Melbourne Business School
Eligible Study Level/Field
MBA Students
Eligible Group
This scholarship is open for domestic and international students
General Eligibility Requirements
- The students eligible for MBA programs are eligible for MBA scholarships.
- The scholarship is very competitive and the applicant should be able to fund himself.
- The scholarship is meant for students who outstanding in academics.
- The MBA in Australia scholarships aims to promote diversity and seeks for excellent candidates from different countries and backgrounds.
- This scholarship is open to international candidates with full-time MBA. The admitted MBA students will automatically be considered for this scholarship and will be notified about the scholarship support at the admission notice.
Scholarship Benefits
The successful applicants for this MBA in Australia scholarship will receive $50,000 towards tuition fees.
The applicants are to submit their applications before the stated deadline. The applicants will be informed for additional documents if they are admitted into the MBA program.
Application Closing Date
This scholarship is an annual scholarship, and closes 31st May.
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