Best MBA Schools in Australia
Obtaining an MBA degree is a step in the right direction in building your career. Considering to obtain an MBA degree in Australia is a decision you would not regret taking. Australia is blessed with a warm and sunny climate; a strong economy and cultural diversity. The financial powerhouse of the country, Sydney, has even much amazing job opportunities in the areas of finance and consulting. Other cities like Melbourne and Adelaide are also open for job seekers and business moguls.
Most of the business schools in Australia have been able to warm their way into the heart of world rankings for MBA programmes. Such world rankings include Financial Times, The Economist and Bloomberg Businessweek. Generally, studying an MBA programme in Australia takes between one to two years, but most universities have started offering a one year-programme to make it easier for the students.
Additionally, universities in Australia require a bachelor’s degree, a good GMAT and some work experience to admit one into an MBA programme. The average GMAT score to get in top schools is between 600 – 695. Students are also mandated to have consistent scores in high school and bachelor’s level programmes. All the same, eligibility criteria vary from university to university.
Below are some of the top schools of business administration in Australia:
- University of Sydney – Master of Business Administration
The University of Sydney offers an MBA with a focus on leadership and enterprise. The school offers 18-month full-time, 30-month part-time and Executive MBA programmes.
To accept students into the university, they must display exceptional skills in communication, leadership, interpersonal, team-building, commitment, multicultural sensitivity, ethics and integrity. Students who meet other requirements may be granted admission without GMAT. The teachers are trained to equip the students through training and development of employability skills, helping them in their career strategy.
The school has designed extracurricular activities, professional development workshops, career coaching, employer introduction as well as industry networking events to help the learners build a career management strategy while developing tools, skills and knowledge to traverse the employment market.
Tuition: $63 000
- University of Adelaide – Adelaide Business School
The Adelaide Business School provides opportunities for students who are keen on creativity, transformation and leadership in sustainable innovative enterprises. A range of business-related degrees is offered at the school which helps the students to choose their own career path successfully. The research programmes are top-notch and cover the fields of accounting, entrepreneurship, finance and banking, management and marketing.
The full-time programmes at the Adelaide Business School last for 18 months, while the part-time covers for 36 months. The school’s biggest industries are healthcare, social service and manufacturing sectors. The MBA students are also provided with mentorship by the local sectors and government leaders. It is AACSB accredited.
Tuition: $61 500
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- Queensland University of Technology (QUT) – Brisbane Graduate School of Business (BGSB)
The school is one of the only two business schools in Australia with triple accreditation from AACSB, AMBA and EQUIS. The MBA programme at the school climaxes with a workplace scheme and permits students to make plans for a new post-graduation undertaking or refer to an existing organization.
Tuition: $59 850
- Melbourne Business School (MSB), Carlton, Australia
The MBS is home to Australia’s top business schools and business analytics degrees as well as providing short programmes for experts and custom solutions for establishments. Students are imparted with the rightful knowledge and experience that would help them in making a lasting impact in the workplace and the world as a whole.
The school offers 12-month full-time, 24-month part-time, Executive MBA and Senior Executive MBA programmes, with residential modules that spread across Europe, Asia and North America. The 12-month programmes comprise 15 courses which are completed over three terms and they include data analysis, marketing management, and global business economics. Students may apply to go on exchange with international partner schools like the Kellogg School of Management at Northwestern University, HKSUST Business School or the Fuqua School of Business at Duke University.
- University of South Australia (UniSA)
The University of South Australia, located in Adelaide is another first-class school for MBA programmes. The full-time programme offered by the school is highly ranked by the Australian Financial Review and it is very flexible, presenting the students the option of studying on campus, online or a combination of both. This means that they can keep up with work and family while studying if they choose to do so. The school also has a selection of specialisations in finance, human resource management and marketing.
Tuition: $49 650
- Griffith Business School – Griffith University
The school has its focus on the future with leading sustainable business practices and an Asian-Pacific perspective. The students could also choose between studying on campus or online, or a combination of both.
Tuition: $51 750
- Monash Business School, University of Monash
Monash Business School offers a 22-month programme that involves intensive blocks, weekend and evening classes which gives the students the option of working while studying. International students can work up to 20 hours per week as engrained in the student visa.
The programme is designed around four core courses and they are Foundation, Innovation, Transformation and Globalisation. Each course involves a supervised consulting project with business partners where teaching is based on a practical approach.
The school also offers nine MBA specific scholarships including the Women in MBA Scholarship, MBA Leadership in Emerging Economies, and others.
Tuition: $68 000
- Macquaire Graduate School of Management (MGSM)
The MGSM is one of Australia’s leading business schools located in Sydney, Australia. It runs both full-time and part-time programmes that provide specialization in Entrepreneurship, Strategy and Logistics, Operations Management and others. The duration of the full-time programme is 24 months, with all modules taught in English language. The part-time programme lasts for 48 months and programmes are completed between 3 and 4 years.
The MGSM courses combine hands-on learning and advanced thinking with a multidisciplinary style. They are designed to provide resilience and flexibility to tackle present and future challenges in the dynamic world of business. The environment where the learning takes place is transformational and collaborative with experienced experts and corporate partners steering the wheel of education and offering a platform where real business issues are understood.
Tuition: $80 000
- University of Queensland Business School
The University of Queensland MBA comprises three study options which include: the full-time or accelerated programme which can be completed in 12 months intensively and it is the only available option for international students. The part-time or streamlined programme can be completed in 24 months with both weekend and evening classes. The flexible option incorporates weekday, weeknight and weekend study options.
Studying at UQ Business School gives the students the opportunity to apply classroom learning to challenges facing the business world. The school also has partner schools like Harvard Business School, Copenhagen Business School and ESSEC Business School, all helping the students to broaden their horizons by spending two to five weeks studying extensively.
- Australian Graduate School of Management (AGSM) – University of New South Wales Business School
The AGSM presents expertise and academic backings, with study workshops and career mentorship programmes. A programme known as ‘Meet the Executives’ series offers high-class surreptitious business awareness with world-class business frontrunners. The students can also apply for an international exchange programme at one of the partner schools in North America, Asia or Europe.
The programme is made up of nine core modules that are completed in the space of two terms, starting with an intensive two-week mandatory Foundations of Management whose specific focus is on business ethics and the roles it plays in schooling managers for business growth. Others include entrepreneurship and innovation, corporate finance, data analysis and statistical modelling, marketing management, economics and accounting.
Tuition: $59 161.
Why an MBA in Australia?
Australia is becoming one of the best study destinations in the world, with international students trooping in from different countries. Apart from the warm climate, the country is blessed with a strong economy and favourable visa conditions. It was also ranked Number 2 for resource, environment, connectivity and output by the U21 Ranking of Higher Education Systems, 2020, making it a great destination for career advancement. Other reasons for studying in Australia include:
- Multicultural society: almost half of all Australians are born overseas or has one parent born overseas. Aside English language, there are 259 other languages spoken in the country, including Italian, Mandarin, Arabic, Greek and Cantonese. The visa policies in Australia are also very favourable, attracting numerous international students from China, India, Nepal and more.
- Universities in Australia have accredited MBA programmes with international standards: the courses offered are taught in English language, with both hands-on skills and theoretical knowledge to help the students succeed. Australian universities have also reengineered their teaching and learning approach, to instigate thought-leadership and creativity among learners.
- Numerous scholarship budgets: Australia has great plans for its students as there are different scholarship packages made available to students each year. In 2020, the estimated budget for scholarship was around $280 million for students from 50 developing countries. In 2021, the scope increased.
Australia is the third most popular study destination for international students aside USA and UK, according to UNESCO. It has a general growth of 11% of international enrolment between 2018 and 2019. The schools in the country offer excellent education, quality teaching, high-end research opportunities and top-notch research prospects, giving the students a satisfactory experience. The courses are mostly taught in English language, with management courses having their focus on imparting leadership qualities, and giving world-class experience. Universities also offer foundation courses that equip students with better knowledge of their programmes.
With a good MBA, you are offered a gateway to success. You are sure to enhance your skills while making progress in your career development. You will also be imparted with business management ideas and adaptability skills for the latest global trends. When faced with uncertainty in the business world, you will be able to navigate through with ease.