Top MBA Colleges in Australia: Latest Guide for 2024

Written by

Shrishti Bajpai

Fact check by

Divyansh Chaudhari

Updated on

Jul 14,2024

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Why Pursue an MBA in Australia?

Here are a few key benefits of pursuing an MBA from top MBA colleges in Australia.

1. High Quality Education

2. Global Recognition of Degrees

3. Scholarships and Financial help available

4. Post-Graduation Work Opportunities

5. Better Lifestyle

6. Networking Opportunities 

There are some of the world's top MBA colleges in Australia providing high-quality education for students. These top colleges make Australia the best destination for studying abroad. The list of top MBA colleges in Australia includes universities such as Melbourne Business School, Monash University, University of Sydney and many more. The degrees from these universities are globally recognized and open job opportunities for students worldwide. The universities aim to provide students with an excellent academic experience and prepare them for the corporate world. Apart from that, scholarships and financial aid are available for students who require them. The universities provide a platform for students to build networks and connect with people. These universities have strong industrial connections that offer a promising career path for the students. 

Why Choose Australia for Your MBA?

Here are a few reasons to choose the top MBA colleges in Australia. 

1. High Quality Education

The top MBA colleges in Australia are known for providing high-quality education to students. They have modern classrooms to make teaching easier and more fun. They ensure that the course is planned in a way that meets the market demands and makes their students employable.

2. Strong Industrial Connections

The top MBA colleges in Australia have strong industrial connections. These companies give students a chance to do internships or work with them. This enhances the practical knowledge and skill set of the students.

3. Post-Graduation Work Opportunities

There are various job opportunities for MBA students post-graduation in Australia. The country provides work visas to international students to gain valuable work experience in the field. The visa enables the students to stay, gain exposure, and enhance their skills.

4. Global Recognition of Degrees

The top MBA colleges in Australia have a good reputation and are renowned for their academic excellence. This gives more credibility to the student's degrees. Hence, degrees from Australia are globally recognized and valued everywhere.

5. Better Lifestyle

Australia constantly has a high ranking in terms of quality of life. The country has a vibrant culture and modern facilities that attract people from all over the globe who are looking for a better lifestyle.

Also Read: Australia Welcomes a Large Number of International Students

Top MBA Colleges in Australia in 2024

Here’s a list of top MBA colleges in Australia along with their unique features and location.

1. University of Melbourne

  • Speciality: Strong focus on leadership development.
  • Location: Melbourne, Victoria

2. University of New South Wales

  • Speciality: Strong industrial connections.
  • Location: Sydney, New South Wales

3. University of Sydney

  • Speciality: Holistic approach towards learning.
  • Location: Sydney, New South Wales

4. Monash University

  • Speciality: Research-based programs.
  • Location: Melbourne, Victoria

5. University of Queensland

  • Speciality: specialisations in digital transformation, finance, and entrepreneurship. 
  • Location: Brisbane, Queensland

6. Macquarie University

  • Speciality: Strong industrial connections in the Asian region.
  • Location: Sydney, New South Wales

7. Australian National University

  • Speciality: Focus on critical and analytical thinking.
  • Location: Canberra, Australian Capital Territory

8. RMIT University

  • Speciality: Practical approach to business education.
  • Location: Melbourne, Victoria

Updated List of Top MBA Colleges in Australia with Fee Structure

Here’s an updated list of top MBA colleges in Australia with fee structure:

College 

Fee Structure (per year)

Fee Structure (per year)

University of Melbourne

AUD 90,000 - 100,000

INR 50,01,933 - 55,59,062

University of New South Wales

AUD 85,000 - 95,000

INR 47,25,733 - 52,81,702

University of Sydney

AUD 80,000 - 90,000

INR 44,47,654 - 50,01,933

Monash University

AUD 65,000 - 75,000

INR 36,14,384 - 41,70,444

University of Queensland

AUD 70,000 - 80,000

INR 38,91,697 - 44,47,654

University of Western Australia

AUD 60,000 - 70,000

INR 33,35,811 - 38,91,697 

Macquarie University 

AUD 70,000 - 80,000

INR 38,91,697 - 44,47,654

Australian National University

AUD 50,000 - 60,000

INR 27,79,532 - 33,35,811

RMIT University

AUD 60,000 - 70,000

INR 33,35,811 - 38,91,697 

Griffith University

AUD 50,000 - 60,000

INR 27,79,532 - 33,35,811

 

These numbers are based on the latest updates available on the web.

Admission Requirements for Top MBA Colleges in Australia

Here’s an overview of the eligibility criteria that need to be met in order to get admission at top MBA colleges in Australia.

1. Educational Qualification

A bachelor’s degree is a must for getting admission to top MBA colleges in Australia. The degree must be from a good institution that is globally recognized. 

2. English Language Proficiency

English proficiency tests such as IELTS or TOEFL are required for pursuing education at top MBA colleges in Australia. A minimum score of 90-100 is required for TOEFL, whereas a score of 6.5-7.0 is required for IELTS.

3. GMAT/GRE Scores

Many top MBA colleges in Australia require GMAT or GRE scores for admission. The average score accepted is around 700 for these exams.

4. Student Visa

A valid student visa is required for the duration of the course. This is mandatory for getting admission in any top MBA colleges in Australia.

Also Read: Australia's Bold Step Towards IELTS-Free Enrollment

Top Career Opportunities After MBA in Australia

Here’s a list of career opportunities after studying at top MBA colleges in Australia. The list also provides insights into job profiles and salary structure for each of them.

Profession

Job Profile

Salary (per year)

Salary (per year)

Management Consulting

Advising business strategies and organisational improvement. 

AUD 80,000 - 150,000

INR 44,47,654 - 83,39,720

Financial Services

Investment management and corporate finance

AUD 90,000 - 150,000

INR 50,01,933 - 83,39,720

Marketing and Sales

Handling marketing campaigns and brand management 

AUD 80,000 - 120,000

INR 44,47,654 - 66,71,776

Entrepreneurship

Setting up your own business 

Depends on business and profits

Depends on business and profits

Operations and Supply Chain Management

Keeping a record of logistics and managing supply chain strategies

AUD 90,000 - 140,000

INR 50,01,933 - 77,83,529

Human Resources

Managing employee relations

AUD 80,000 - 120,000

INR 44,47,654 - 66,71,776

Technology Management

Leading IT departments

AUD 90,000 - 150,000

INR 50,01,933 - 83,39,720

Healthcare Management

Managing Healthcare facilities and policies

AUD 80,000 - 120,000

INR 44,47,654 - 66,71,776

 

Latest Facts and News

  • The University of Melbourne's MBA program ranked 30th globally in 2024.

  • The average cost of an MBA in Australia increased to $60,643 in 2024.

  • Australian MBA graduates see an average salary increase of 70% post-graduation.

Read More: Check Your Australia Visa Status Online Fast and Easy

 

Conclusion

In conclusion, the top MBA colleges in Australia provide excellent education and job opportunities. The institutions have a good global reputation, which gives them more credibility for their degrees. Graduates from these institutes have great professional careers because they're well-equipped with all the skills required for their jobs. They have plenty of opportunities in various fields, such as IT, Healthcare, Engineering, etc. They enjoy competitive salaries due to the nature of their work and have options for career advancements. Overall, pursuing education from top MBA colleges in Australia proves very beneficial for students as it gives them the prospect of a better lifestyle along with personal growth. This particular course opens doors for job prospects in almost every sector with high salary levels.

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Frequently Asked Questions

What are the top MBA colleges in Australia?

The top MBA colleges include Melbourne Business School, UNSW (AGSM), and the University of Sydney Business School.

How much does an MBA cost in Australia?

The average cost of an MBA in Australia is around $60,643.

What are the admission requirements for an MBA in Australia?

General requirements include a bachelor's degree, GMAT/GRE scores, and work experience.

Are there scholarships available for MBA students in Australia?

Yes, many universities offer scholarships based on merit and need.

What is the average salary after completing an MBA in Australia?

The average salary increase post-MBA is around 70%.