Top 5 Reasons to Pursue Masters in Australia
For many international students, Australia is one of their first choices for a study abroad destination. It offers a s…
Table of Contents
- Why Choose Australia for an MBA?
- Tuition Fees, Living Costs, and ROI
- One-Year vs Two-Year MBA Programs
- Post-Study Work Visa & PR Options
- Language Requirements
- Scholarships for International Students
- Top MBA Colleges in Australia
- Career Prospects After an MBA in Australia
- Conclusion: Why Australia Is a Smart MBA Choice
Top MBA Colleges in Australia
Dhruvin Jain
Apr 12, 2025
5 mins read
Why Choose Australia for an MBA?
Australia is a growing hub for international MBA students—thanks to its globally ranked universities, strong career outcomes, and clear post-study visa and PR pathways.
Key Advantages:
- Globally ranked B-schools (FT & QS Top 100)
- Strong ties to Asia-Pacific business markets
- Post-study work visa (PSWV) and PR pathways
- Industry-relevant, practical learning approach
Tuition Fees, Living Costs, and ROI
| Expense | Estimated Cost (AUD) |
|---|---|
| Tuition Fees (Full MBA) | AUD 50,000 – 95,000 |
| Annual Living Costs | AUD 21,000 – 30,000 |
| Post-MBA Avg. Salary | AUD 90,000 – 130,000 |
One-Year vs Two-Year MBA Programs
- One-Year MBA: Quick return to the workforce (e.g., Melbourne Business School)
- Two-Year MBA: Ideal for deeper specialization, internships, and PR eligibility (e.g., Monash, La Trobe)
Post-Study Work Visa & PR Options
- Temporary Graduate Visa (subclass 485): Up to 2 years
- PR Pathways: Skilled Independent Visa (subclass 189), Employer Sponsored (subclass 186)
- Graduates with business-related skills often fall under MLTSSL (Medium and Long-term Strategic Skills List)
Language Requirements
- IELTS: 6.5–7.0 overall
- TOEFL iBT: 79–100
- PTE Academic: 58–72
Check individual university requirements before applying.
Scholarships for International Students
| Scholarship | Value |
| Australia Awards Scholarships | Full tuition + living costs |
| Melbourne Business School Scholarships | Up to 100% tuition |
| Macquarie Vice-Chancellor’s Scholarship | AUD 10,000/year |
| UTS International Scholarships | 25% to 50% of tuition |
Top MBA Colleges in Australia
1. Australian National University (ANU) – College of Business & Economics
- Location: Canberra
- Duration: 1.5 years
- Tuition: ~AUD 61,000
- GMAT: Waivers available
- Why ANU: Strong in policy, analytics, entrepreneurship; QS #6 in Australia
2. University of Sydney – Business School
- Location: Sydney
- Duration: 1.5 years
- Tuition: ~AUD 91,500
- GMAT: Recommended
- Why Sydney: AACSB + EQUIS accredited, great career outcomes in consulting and finance
3. University of Melbourne – Melbourne Business School
- Location: Melbourne
- Duration: 1 year
- Tuition: ~AUD 96,000
- GMAT: Required (avg. 695)
- Why MBS: FT #1 in Australia, case-based learning, top-tier global alumni network
4. Monash University – Monash Business School
- Location: Melbourne
- Duration: 2 years
- Tuition: ~AUD 88,000
- GMAT: Not required
- Why Monash: Personalized leadership focus, capstone consulting project
5. RMIT University – Graduate School of Business & Law
- Location: Melbourne
- Duration: 1.5 years
- Tuition: ~AUD 54,000
- GMAT: Not required
- Why RMIT: Evening/weekend format, strong industry integration
6. Macquarie Business School – MGSM
- Location: Sydney
- Duration: 1.5–2 years
- Tuition: ~AUD 80,000
- GMAT: Required or waived with experience
- Why MGSM: Consistently ranked in global top 100, strong in finance, tech, healthcare
7. La Trobe University – La Trobe Business School
- Location: Melbourne
- Duration: 2 years
- Tuition: ~AUD 66,000
- GMAT: Not required
- Why La Trobe: Affordable MBA, work placements, strong international student support
Career Prospects After an MBA in Australia
| Job Role | Avg. Salary (AUD/year) | Key Industries |
| Management Consultant | 110,000 – 140,000 | Consulting, Public Sector, Tech |
| Financial Manager | 100,000 – 130,000 | Banking, Finance, Insurance |
| Marketing Manager | 90,000 – 120,000 | FMCG, Tech, Retail |
| Operations Manager | 95,000 – 125,000 | Logistics, Manufacturing, Supply Chain |
| Project Manager | 100,000 – 135,000 | IT, Construction, Engineering |
| Business Development Manager | 85,000 – 115,000 | SaaS, Pharma, Telecom |
| HR Manager | 90,000 – 110,000 | Corporate, Education, Government |
| Investment Banker | 130,000 – 180,000+ | Investment Banks, Private Equity |
| Entrepreneur | Varies Widely | Startups, Tech, Fintech |
| CEO (with experience) | 200,000+ | Cross-sectoral |
Conclusion: Why Australia Is a Smart MBA Choice
- Globally respected MBA degrees
- Industry integration and internship options
- Post-study work visas and PR pathways
- Safe, diverse, and student-friendly cities
- Strong ROI for both local and international students
FAQs
What is the average cost of an MBA in Australia?
AUD 50,000–95,000 in tuition, plus AUD 21,000–30,000 for living expenses.
Can I pursue an MBA in Australia without GMAT?
Yes. Many schools like Monash, RMIT, and La Trobe waive GMAT.
How long is an MBA in Australia?
1–2 years, depending on the school and program structure.
Is an MBA in Australia worth it for Indian students?
Absolutely. Strong post-study work rights and PR options make it a smart choice.
What are the post-study work opportunities after an MBA in Australia?
You can stay for up to 2 years on a Temporary Graduate Visa (subclass 485).
Are Australian MBA degrees recognized globally?
Yes. Many are AACSB, AMBA, and EQUIS accredited.
What scholarships are available for international MBA students in Australia?
Options include Australia Awards, MBS Scholarships, and university-specific awards.
Can I settle in Australia after doing an MBA?
Yes. Many graduates apply for PR via skilled migration pathways.
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Dhruvin Jain
Articles: 20
Dhruvin Jain is the co-founder of MastersBuddy, a tech-first platform that has helped over 2500 students find and apply to top master’s programs globally. He is a master’s graduate from IE Business School, and is passionate about education, technology, and entrepreneurship.
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