Australia is one of the best-considered goals for international students. As per the QS ranking, Australia is among the beat five think-about goals for international students who need to seek after MBA overseas. Concurring to the Australian Tall Commission in Modern Delhi, there were 12,86,400 Indian understudies considering in Australia in November 2021 out of which 20,000 were enlisted for an MBA in Australia. These days, each graduate needs to seek an MBA (Ace of Commerce Organization) to allow a boost to his/her career. Seeking after it from a conspicuous universal goal unquestionably keeps one ahead within the alliance. It too gives a head beginning to the MBA experts in their careers. Be that as it may, hopefuls face the problem of the method of applying to remote colleges. In this article, we have summarized details about the application method, assessed taken the toll additionally the overall term of MBA in Australia. There are moreover subtle elements almost the qualification criteria, work openings along with MBA s

MBA in Australia Highlights

Top Ranking MBA Universities in Australia

Australia is considered one of the foremost sought-after consider goals for International students. Quality instruction, high-end investigative openings, and amazing career prospects make Australia a hot favorite ponder goal for MBA competitors. All Australian Business Schools are AACSB, AMBA and EQUIS accredited. They are well-known choices for International students and have been positioned exceedingly not fair in Australia but universally as well.

Australian Universities MBA – QS World Ranking 2022

When it comes to studying MBA, Australia is a hot-favorite study destination for MBA aspirants in the Asia-Pacific. Business and Management schools are surveyed on variables like conferring scholastic abilities and investigating brilliance and employability. The following table shows the top Australian universities ranking as per QS for 2022 for Global MBA:

Read more about: Australia University Rankings 2022-23

Separated from this, great visa approaches moreover draw a parcel of understudies to seek after their higher ponders in Australia. The universities in Australia are universally perceived and offer courses within the most favored dialect, i.e. English. Administration courses in these colleges center on giving authority qualities and giving real-world involvement by advertising internships in beat companies. There are two main intakes for applying to Australian universities:

• February
• July
• November (applicable for a few universities)

Why MBA in Australia?

A good MBA degree is considered a key to success. It isn’t as it were advantageous for one’s career movement but too improves abilities that one requires to stay ahead within the industry and additionally makes a difference in organizing. There are various reasons why one ought to seek after MBA and secure the abilities and information required to grant vertical development to one’s career. MBA course educates understudies how to effectively oversee a commerce and how to adjust to the most recent worldwide patterns. Through this program understudies too learn how to run a trade in an questionable environment and restore it in times of emergency. Some of the top reasons to study MBA in Australia are:

• MBA in Australia could be a perceived degree all-inclusive since the AQF issues comparative capabilities for office use. 
• Australian Universities may or may not accept GMAT scores for MBA admissions.
• International students studying MBA in Australia can work for 40 hours while studying. Check: Part-time work options for international students in Australia
• Australia opens more than 45,500+ job vacancies for MBA degree holders in Australia annually.
• More than 6,000+ vacancies open up for Finance MBA graduates only in Australia each year.

Noosr List

Understudies who need to study in Australia could worry about their education institutes being acknowledged. Experts advise students to review their credentials when applying for an MBA program at a reputable Australian university. It may be a handle where your credentials are evaluated and your education degree is contrasted with the Australian educational framework.

For instance, if a candidate is applying for admission to Melbourne Business School and received 70% in his bachelor’s degree from an Indian university in the “A” category, that candidate would be compared to a candidate who received 75% in his bachelor’s degree from an Indian university in the “B” category. [This is merely intended to clarify the idea and should not be interpreted as a requirement for admission to Melbourne Business School.]

The Australian Education International-National Office of Overseas Skills Recognition (AEI NOOSR), a government organization, provides the fee-based process, which can take up to three months.  

MBA in Australia Admission Requirements 

International applicants must have at least a 60% undergraduate average, at least two years of work experience, and English language competence scores in order to be admitted to an MBA program in Australia. For more details, the following part is separated as follows:

MBA in Australia Course Duration

The MBA program lasts two years in the majority of universities. Most Australian universities require between 15 months and two years to get an MBA. In addition to this, many colleges have begun to offer one-year MBA programs. A one-year MBA program that Melbourne Business School has launched is very well-liked by prospective students. A list of MBA programs provided by some of the top business schools is provided below:

Exams to Study MBA in Australia 

The MBA program lasts two years in the majority of universities. Most Australian universities require between 15 months and two years to get an MBA. In addition to this, many colleges have begun to offer one-year MBA programs. A one-year MBA program that Melbourne Business School has launched is very well-liked by prospective students. A list of MBA programs provided by some of the best business schools is shown below:

Also Read: TAFE Institutes in Australia   

MBA in Australia Eligibility Requirements for Admission  

Some of the basic requirements for getting admission to a top Australian university/institution are: 

• Bachelor’s degree: Candidates must have completed a bachelor’s degree in any field from a recognised university. 
• IELTS: Students need to secure a good IELTS score for getting an Australian visa. Students from non-native English-speaking countries need to showcase their English language proficiency to secure admission to a university. Check: IELTS v/s TOEFL v/s PTE? 
• Work Experience: Although it is not mandatory having work experience of at least two-three years definitely proves to be advantageous for aspirants. Most universities give preference to candidates having two to three years of work experience in their field. 
• GMAT Score: Most Australian universities and colleges accept GMAT scores for giving admission to pursue the MBA program. A good GMAT (The Graduate Management Admission Test) score is required to get into a top university to pursue MBA. However, the average GMAT score for getting admission to an Australian university is 700+. 

*Note: There are some colleges in Australia that do not require GMAT scores for MBA admissions. Applicants must check the admission requirements before applying for MBA in Australia.

Because they place a greater emphasis on a candidate’s practical (job) experience, few colleges in Australia require the GMAT. Candidates must have maintained academic consistency and have received high grades in both high school and the bachelor’s program, according to Australian universities’ requirements. Each university has its own set of requirements for admission. Depending on their prerequisites for admission, universities can be divided into three primary categories:

• Category 1: These universities require students to have a good GMAT score, significant work experience, and an IELTS score as a mandatory requirement. 
• Category 2: These universities require students to either have a good GMAT score or work experience and an IELTS score. 
• Category 3: In this category, universities grant admission only on the basis of a student’s academic score and IELTS score.   

Cost of Studying MBA in Australia 

The course curriculum and program cost are two of the most crucial considerations while choosing a university. Always evaluate the tuition rates at various institutions and select the one that is affordable for you. According to mbanews.com, the price of an MBA program in Australia will increase from 2021 to 2022. As a result, it’s important to always take into account various costs, such as tuition, lodging, transportation costs, and research for project work. The price of an MBA program in Australia ranges from AUD 126,000 to AUD 16,000 per year. An overview of the top 10 MBA programs in Australia is provided below.

Also Read: 12 Most Affordable MBA Colleges in Australia 

Scholarships/Financial aid for MBA in Australia

The main difficulty prospective students encounter when making plans to study abroad is securing funding. One of them is taking out a loan, although not all students are qualified to do so. Most Australian colleges don’t provide financial aid or exemptions of tuition for professional degrees like an MBA. As a result, students frequently search for scholarships to pay for their studies. Additionally, it is crucial that students always pay attention to the qualifying requirements and various expenditures covered by the scholarship they are awarded.

Some of the popular scholarships for pursuing an MBA in Australia are: 

• Central Sector Scheme of National Overseas Scholarship for SC etc. candidates: Through this scheme financial assistance is provided to the selected candidates who wish to pursue master’s level courses abroad. 

MBA Salary (Top careers after completing MBA in Australia) 

Employers are willing to pay handsomely for MBAs if you have the necessary skills and abilities because there is a significant demand for them globally. MBA graduates receive some of the highest salaries in the world. due to the great reputation of B-schools in Australia and their high demand among international corporations.

Top industries offering MBA jobs: 

• Financial Services 
• IT/Computer Services 
• Consulting/Professional Services 
• Education 
• Manufacturing/Engineering 

Skill Shortage List 

If your profession is listed as being in demand on the Skilled Occupation List (SOL) (2017–2018) published by the Australian Department of Immigration and Border Protection (DIBP), you stand a greater chance of being granted an Australian visa. You must still meet the other criteria to be granted a visa, though. Even if you don’t pass the points test, you can still obtain an Australian visa if you are under 45 and have 6-7 years of professional experience.

Work Visa after MBA in Australia 

International graduates of Australian institutions are eligible for the post-study work visa in Australia. After completing his education, the holder of this visa is able to temporarily live, work, and study in Australia. Students are only permitted to apply for a temporary Graduate visa (SUBCLASS 485) once.

This Temporary Graduate visa has two streams: 

• The Graduate Work stream 
• The Post-Study Work stream 

The primary applicant covered by the application must be present in Australia both when applying for a visa and when the decision regarding that visa is made.

For the Graduate Work stream visa, the applicant’s qualifications must also be related to one of the jobs on the list of skilled occupations. The bearer of a visa in this category may remain for up to 18 months.

In addition, a higher education degree is a requirement for applicants seeking the Post-Study Work stream visa. The duration of the visa holder’s stay in this category ranges from two to four years.