Introduction - Is MBA in Australia Worth it?
What are the most common questions, usually Indians ask before making their decision to pursue their MBA in Australia in 2024? I have tried my best to accumulate information from official sources and mention it at one place. Read further so that you could decide – Whether you should pursue your MBA in Australia or not?
So, following are the common questions that might irritate you too:
- Is an MBA worth it in Australia in 2024?
- How much does an Australian MBA cost to an Indian in 2024?
- Is work experience necessary for MBA in Australia in 2024?
You may ask, what are the perks of studying in top universities of Australia?
There’s no one-size-fits-all answer. However, if you aspire to do your MBA from one of the top institutions then perhaps yes, it is worth it. You are going to have world class facilities. Since your batchmates/classmates will be top class, you are going to push yourself to perform well. In the process, you going to learn and use best practices to up your game. Also, you are going to be trained by the best of best faculty.
When you graduate from the top institute, even the weakest player could probably be much better than strongest player of the average institute. Furthermore, the professors may have multiple patents, industrial associations, and are at cutting edge of their respective fields. They will continuously challenge your capabilities with classroom discussions, presentations and assignments on a wide array of topics.
If MS in Finance interests you and you really want to know more about Why Karnataka students choose MS in Finance in Australia – You gotta read this full blog!
List of Universities - MBA in Australia
| Sl. No | Univeristy Names | Popular Programs | Tuition Fees (in AUD) (Full Course) $1 = 56* | Living Expenses (in AUD) P.A. | Expected Avg Median Salary P.A. (in AUD) | Entry Requirements for Indians |
| 1 | Melbourne Business School | MBA (2 years) | 106,650 | 24,500 | 118,000 | •GMAT/GRE •IELTS/TOEFL •CV •Personal Statements – 4 •Recommendation letters – 2 •Academic Transcript •Passport •Work Exp 2 years |
| 2 | University of New South Wales (AGSM) | MBA (12 Months) | 81,720 | 29,710 | 110,000 | •GMAT/GRE •IELTS/TOEFL •CV •Personal Statement •Recommendation letters – 2 •Academic Transcript •Passport •Video Interview •Interview •Work Exp 2 years |
| 3 | Monash Business School | Global EMBA (18 Months) | 73,300 | 24,500 | 91,600 | •IELTS/TOEFL •CV •Letter of Intent •Recommendation letters – 2 •Academic Transcript •Passport |
| 4 | The University of Queensland | MBA (1 year) | 91,421 | 24,500 | 96,000 | •IELTS/TOEFL •CV •Personal Statement •Recommendation letters – 2 •Academic Transcript •Passport •Work Exp 2 years |
| 5 | Macquarie Business School | MBA (2 years) | 60,000 | 21,500 | 87,000 | •IELTS/TOEFL •CV •Statement of Purpose •Recommendation letters – 2 •Academic Transcript •Passport •Work Exp 2 years |
| 6 | Queensland University of Technology (BGSB) | MBA (18 Months) | 39,672 | 24,000 | 75,000 | •IELTS/TOEFL •GMAT/GRE •CV •Letter of motivation •Recommendation letters – 2 •Passport •Academic Transcript •Work Exp 2 years |
| 7 | Adelaide Business School | MBA (18 Months) | 49,900 | 23,500 | 75,000 | •IELTS/TOEFL •CV •Personal Statement •Recommendation letters – 2 •Academic Transcript •Essay •Passport •Work Exp 2 years |
ROI - MBA in Australia
Evidently, the typical investment is between 52 and 80 Lakhs for a two-year course in Australia. Now, let’s assume you get a job immediately after completing your MBA in Australia. The pay scale varies between 62 and 99 Lakhs a year. While, you spend nearly 20 lakhs on your living a year. And, as a foreigner you will have to incur 32% – 45% as flat tax on your income. As a result, you could save approximately 20 to 40 lakhs a year and repay the loan (if you had taken one).
Therefore, it is totally worth pursuing MBA from Australia if you are doing it from one of the best universities.
We have helped many students get admissions into their dream university. Thus, if you seek any guidance to make it to such universities contact us now!
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22 Responses
I am about to apply to Business schools But I am kinda confused between UK & Australian universities.
Hello Pratyusha,
Can you please tell us when do you wanna apply to these universities? We can help you avoid confusion and explain what could fit your needs and goals better. Drop us a message on Whatsapp.
I am from a tier 3 city (Ballari) in Karnataka. I did Bcom with 73% as my average. I havent taken my GMAT yet. Can I still aim to get admissions into the aforementioned universities?
Hello Keshav,
Yes it is possible. Why dont you connect with us on whatsapp to know what should you do in order to make it. And, let us know which intake are you looking forward to.
I have been having trouble in getting APS. Do you help with that?
Hello Mahi,
Yes we can help you with this. Please write to us on whatsapp.
I and my husband are moving to Australia, most likely by February 2025. I am going there as a dependent. While I am there I wanted to do my MBA. Since, I would be going there as a dependent, should I apply to the university after landing there as a local or should I apply from Bangalore & now? What do you suggest?
Hello Shilpa,
You cannot apply to the university as a local. You will still remain an international student applying to business schools. I’d advice you to be ready with at least all the exams and documents now, and can apply now, if you are applying to top 5 business schools in Australia.
For further queries, please contact us on whatsapp. We will guide you further.
Do you offer any support in receiving scholarships, education loan or any other financial aid? I am from Bangalore.
Hello Khaleel,
Yes we do. Please write to us on whatsapp. We will tell you the next steps you need to take.
My son has been asking for admissions in Australia for MBA. Can you please tell how good are these universities compared to IIMs & ISB in India?
Hello Thippesh Sir,
One of the reasons is Australian business schools often have a strong global focus, with partnerships and exchange programs with universities around the world. This allows students to gain international exposure and experience studying alongside peers from diverse backgrounds. Secondly, Studying in Australia offers the opportunity to experience a unique cultural and lifestyle, with its diverse cities, world-class beaches, and outdoor activities. So, if you are looking for any assistance with admission process, visa process, scholarships etc, please reach out to us on whatsapp.
Do you also provide any assistance after the visa approval? Like finding internship / job?
Hello Singh_Prabh,
Yes, we offer services something similar to this but only to students who take assistance from us to get admissions. Please get in touch with us on whatsapp to discuss this further.
I have already completed my masters from Alliance University in Bangalore, after completing my MBA in Australia will this be a concern if I eventually apply for PR?
Hello Ranjana,
Australian PR is a convoluted process, something that we do not have expertise in. However, if you are looking to pursue your MBA in Australia do contact us on Whatsapp.
How much do you think someone who has 5 years of work experience in prior + MBA from top 3 in Australia can make annually as an international student?
Hello Senthil,
Post MBA the salaries mentioned here are median. This topic is highly subjective and can vary under different circumstances. In the best case scenario, you can expect slightly above the median.
I was wondering if you can help me with scholarships.
Hello Pranay,
Yes this is doable. Please connect with us on whatsapp to discuss in detail about our solutions. Please be aware of the fact that we offer paid services.
I am interested in MBA (Textiles / Garments / Luxury Marketing Management). Can you guide me with best colleges around these programs?
Hello Abhishek,
I understand your unique requirement. We can help you with complete admission process. Can you please share your academic background so that we can populate a perfect list of universities that offer the program you are interested in? Please contact us on our whatsapp to discuss this further.