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Is MBA in Australia worth it?

MBA in Australia!

MBA in Australia

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:

  1. Is an MBA worth it in Australia in 2024?
  2. How much does an Australian MBA cost to an Indian in 2024?
  3. 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.

The below table throws important light on an MBA in Australian universities.

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

 

Returns on Investment for 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!

If you want any further information about studies in Australia in general? Read this – Higher education in Australia

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