Do you consider pursuing an MBA degree in Australia? You are not alone. The country attracts many students worldwide due to its strong economy, international business opportunities and overall diversity.
Moreover, Australia has an unmatched global reputation for its MBA programs. Business schools for MBAs in cities like Sydney and Melbourne rank among the top 100 business schools in the world.
Furthermore, the availability of government-funded TAFE MBA programs makes studying MBAs in Australia affordable.
Here is a compilation of the Top MBA online and offline programs in Australia to help you become successful leaders in the present competitive global market.
1. Why Should You Study for An MBA?
Online MBA courses in Australia enable you to study anywhere and anytime that suits you. The course curriculum is to help students master business fundamentals and key business concepts that include leadership, strategy, management, marketing, finance, and accounting.
It also develops critical thinking, leadership, problem-solving, analytical, management, and creative skills indispensable for this role.
You gain confidence and managerial skills to lead cross-functional teams with innovative business approaches.
Successful completion of the MBA degree prepares you for the following:
Develop a critical understanding of complex business environments to navigate the complex global business landscape with confidence
Apply expert knowledge to management roles and responsibilities throughout the business spectrum
Form ethical, evidence-backed and sustainable decisions
Effectively communicate and lead cross-functional teams.
2. What Is The Eligibility Criteria To Enter MBA Courses in Australia?
The general minimum entry requirements for a business school in Australia are as follows:
Year 12 education in English
A Bachelor’s degree from any Australian university or equivalent (Minimum 65% score)
2-3 years of prior work experience in a business or management-related field equivalent to an eligible degree
Good GMAT/GRE and IELTS scores are required. The IELTS score (Language Proficiency Test) shows your proficiency in the English language. Students seeking admission to popular Australian universities/business schools should have IELTS scores of approx. 6.5 to 7.0.
Some universities accept students into MBA courses with GMAT and IELTS scores. However, reputable universities, such as Monash, Macquarie, LaTrobe, and Deakin University, accept students without a GMAT score.
Some universities also accept GRE scores instead of the GMAT. It is best to visit the websites of individual colleges and universities to get a clear idea of their entry requirements.
Minimum two reference letters from the past employer or professors
Complete an Interview with the faculty of a business school, in-person, on the phone, or over a video call.
3. How Much Time Does It Take To Complete An Online MBA Degree In Australia?
It usually takes 1 ½ to 2 years to complete a full-time MBA degree from Australia. However, you can also find a few universities that offer accelerated 1-year online MBA in Australia.
4. How To Apply For MBA Programs?
You can apply for admission to universities in Australia in the following ways:
5. Do You Get The Same Degree As an Online MBA?
This is the most common question when deciding between doing an MBA online or offline. An online MBA degree is as important as a regular full-time MBA course.
The only difference between an online and offline MBA is the mode of delivery. The entry requirements, selection procedure, and course curriculum remain the same. The curriculum is to be as strict as a classroom-based MBA course.
Is an online MBA accepted just like an offline MBA course? Then Yes. Everything is the same. Just the way you learn is different. The classes, lectures, and homework assignments are conducted online instead of in-classroom sessions.
With no difference in placement and job opportunities, an online MBA gives working candidates the advantage of flexible learning, work-life balance, salary increment, and career advancement.
Based on the QS Ranking, the online MBA course from Macquarie University ranks 2nd in Australia and 19th globally. It is one of the best options to pursue an online MBA course.
6. What Are The Top Online MBAs Based on Global Rankings in Australia?
The ranking indicators (up to 100) are determined based on the following factors:
Faculty and Teaching
|Name of The Institute||Global Rank||Rank in Australia||Overall QS Score|
|Australian Graduate School of Management (UNSW Sydney)||4th||1st||77.6|
|La Trobe University||31st||4th||49.9|
7. Can I Apply For An MBA Without An Undergraduate Degree?
Yes, Students can study for an MBA in Australia without an undergraduate qualification.
In such a case, you should have extensive and relevant work experience that meets the admission criteria for an MBA course.
8. Can I Apply For An MBA Without Work Experience?
Yes, Pursuing an MBA course in Australia without work experience is possible if you have high GMAT or GRE scores.
The required average GMAT score should range from 550 to 590. In addition, the students must demonstrate their passion and dedication to the subject they aspire to study.
9. Should I Consider Accreditation When Choosing An MBA Program?
Accreditation determines the qualification quality for the teaching standards, student outcomes, and service delivery.
National and global organisations accredit MBA courses in Australia, such as:
Advance Collegiate Schools of Business (AACSB)
The European Foundation for Management Development (EQUIS)
Association of MBAs (AMBA)
Monash Business School is one of the most popular Australian universities with triple notable accreditation (AACSB, AMBA, and EQUIS). This ensures that their globally recognised MBA course meets strict standards with professional and academic excellence.
10. What Are The Top Australian Universities And Business Schools To Study MBA?
Australia is the home to reputable and internationally recognised academic institutions to study MBA courses online and offline (on campus).
Here are the top universities that offer the best online MBAs in Australia:
MBA Programs Are Also Available In a Few Other Universities, such as:
International students can consider pursuing an online MBA at RMIT University, James Cook University, Victoria University, and Southern Cross University.
Business Schools in Australia Included In The Top 250 Business Colleges Worldwide:
11. What Jobs Are Available For An MBA Graduate?
An MBA graduate can work in various executive roles across government, private, and not-for-profit sectors by building strong management and leadership skills.
MBAs are in high demand in industries that operate in finance, marketing, accounting, business, human resources, operations, tourism, engineering, construction, sports, and corporate sustainability. Finance is the highest-paid industry, followed by technology and consulting.
Many small business owners and entrepreneurs need MBAs to improve business skills, develop professional networks, and employ successful and innovative technology, practices, and solutions.
Graduating in an MBA course in Australia lets you work in the following positions:
Accountant ($AU59,532 per year)
General Manager ($AU116,244 per year)
Manager ($97,563 per year)
Marketing Manager ($AU80,653 per year)
Program Manager ($119,644 per year)
Operations Manager ($AU83,836 per year)
Accounting Manager ($AU89,995 per year)
Financial Manager ($AU99,316 per year)
Project Manager ($AU100,143 per year)
Employee Relations Manager ($AU141,847 per year)
Organizational Development Manager ($AU117,811 per year)
Assistant Business Development Manager ($AU58,958 per year)
Business Development Executive ($83,116 per year)
Business Development Manager ($AU79,669 per year)
12. Top 26 Online And Offline MBA Courses In Australia
On-campus program (new Monash Business School facility at Monash University’s Caulfield campus)
1.5 - 4 years
Two years full time
Available to domestic and international students
At Perth (Crawley campus)
On-campus delivery mode
Full-time study or an equivalent part-time
18 months on campus
1.5 years full-time (On campus) or three years part-time (Online)
In Gardens Point Canberra
Course intake starts in March and in September
City West Campus
1.5 year(s) Full-time
Course start dates: January, April, June, and September
IELTS requirements: total [6.5], reading [6.0], and writing [6.0]
On-Campus, Remote, and Multi-Modal Classes
Three semesters (1 year)
Starting semesters: January and September of each year from 2022 to 2024
11. Southern Cross University (On-Campus Course)
Two years full-time or four years part-time
Gold Coast Campus
previous study or work experience can help complete the degree in a relatively shorter period
IELTS: 6.5 (Required Overall Score)
Start dates: March, July, and October
12. Southern Cross University (Online Course)
Two years part-time
Intake period: Jan, Mar, Apr, July, Sept, and Nov
Full-time: 1.5 Years (Actual Duration 2.0 Years) years (or part-time equivalent)
Availability of Sessions: Session 2 2022 (Jul - Oct) and Session 3 2022 (Nov - Feb)
1.5 years full-time or part-time equivalent
Cloud (Online) or Burwood Campus (Melbourne)
1.5 years full-time or part-time equivalent up to 5 years
Face to Face, Online
Townsville and Brisbane Campus
1.5 years full-time or part-time equivalent
Starting Dates: February, May, and September
Student: Domestic and International
Online, Blended, and On-campus
Campus locations: Brisbane, Sydney, Melbourne, and Adelaide
1.5 years full-time, part-time options available, one year accelerated
One year, six months full-time
IELTS Academic (required Overall Score of 6.5)
19. Master Of Business Administration - RMIT University – Offline Course
No Entry Score required
Full-time 2 years, Part-time 4 years, Reduced duration available
Next intake: February and July
20. RMIT University – Online Course
Part-time 2 years intensive
Next intake: January, March, May, July, September, and October
Intake dates: March, July, and November
IELTS (or equivalent): required Overall Score of 6.5
Intake dates: Currently accepting applications for the course
IELTS of 7.0 (with no less than 6.5 in each band)
Flexible study mode: Weekly evening classes, Monthly weekend intensives (Friday/Saturday), Optional MBA summer school for two weeks in January
1.5 years (accelerated learning to 5 years (self-paced learning)
23. Master Of Business Administration UNSW - Australian Graduate School of Management
Domestic / International
12 months or 24 months (extension)
Commencing terms: May
1.5 years full-time or part-time equivalent
On-campus, Online or Blended
Start dates: Semester 1 (February 2022), Semester 2 (July 2022)
Two years full-time or four years part-time
1.5 years full-time or three years part-time
13. What Australian Universities Offer MBAs With Scholarships?
Several business schools in Australia offer a broad range of scholarships to support students in their learning journey. The scholarships are offered either as a 100% tuition fee waiver or a certain amount or percentage of tuition fee waiver.
Check out the website of the following business schools to know more about them:
14. Where Can I Enrol In A TAFE MBA Course In Australia?
Are you looking for a TAFE course to study for an MBA in Australia? Several nationally accredited learning institutions and universities offer TAFE MBA courses via online, distance learning, or classroom-based mode.
Master Of Business Administration (Leadership and Enterprise) - Torrens University Australia (Online, Virtual)
RMIT Online (Online, Anywhere)
Victoria University Online (Online, Anywhere)
The University of Adelaide (Online, Anywhere)
Southern Cross University (Online)
Griffith University (Online)
15. How Can Overseas Students Obtain an Australian Student Visa To Study for an MBA?
International applicants must have an Australian student visa to study for an MBA in Australia. For this, you need to submit a visa application along with the following documents and an application fee:
Acceptance letter from the college/ university
Bank statement to show you have adequate funds to pay the course fee
English language proficiency test scores like IELTS and TOEFL
GTE or Statement of Purpose
Recent passport-size photographs
16. How Much Does An MBA Cost In Australia?
You may incur the following types of expenses while applying for an MBA degree:
This is the cost that includes the charges that you may incur before you come to study in Australia:
Registration Fees for relevant tests such as GMAT, IELTS, TOEFL, or GRE and obtain scores.
Australian Student Visa Fee
This type of expense includes charges incurred during the duration of your studies, such as:
The total MBA program cost in Australia differs from one business school to another. Among the top-ranking institutes, La Trobe Business School and UWA offer the cheapest online MBA in Australia.
At the same time, Melbourne Business School has the highest MBA fee in Australia.
An MBA degree is worth pursuing if you aspire to climb the corporate ladder and establish a successful career. Earning this post-graduate professional will get you in a good position in the highly competitive business world.
To become a business leader of tomorrow and succeed in a global business environment, find the appropriate MBA program, and enrol in the course today.
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