Top 10 Universities for MBA in Australia 2024

Universities for MBA in Australia | An overview

Completing your MBA from Australia entails brighter career prospects irrespective of where you live after completing the degree. Australia is a very famous and popular destination for most students due to its high quality of education, a variety of programs offered, world-famous universities, high acceptance rate despite backlogs, and excellent immigration policies. If you’re thinking of pursuing an MBA abroad, particularly in Australia, you’re in the right place! We’ve made a list of some of the top universities for MBA in Australia that students should consider.

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Top 10 universities for MBA in Australia

1) Melbourne Business School

Melbourne Business School is one of the top MBA colleges in Australia  and one of the top ones in the world. The MBA program of the school hosts nearly 77% international students. The MBA program is designed to meet modern workplace requirements with students’ many traveling and internship opportunities. It means you have an excellent chance to get admission as an overseas student.

QS World University Rankings place Melbourne Business School's MBA program ranks 26^th worldwide. The total fee of the program lingers around USD100,000 to USD 110,000. The approximate salary of an MBA graduate from Melbourne Business School is more than USD 100,000.

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2) Australian Graduate School of Management (AGSM)

One of the most prestigious universities for an MBA in Australia is AGSM, based in Sydney. If you are worried about the high MBA fee in Australia, apply for this institute. It offers $1.8 million worth of scholarships every year to the eligible students enrolled in its full-time MBA program. The fee of the AGSM's 12-month MBA program is around $60k-$70k. QS puts AGSM's MBA at the 42^nd position in its global MBA program ranking and it is one of the top universities in Australia for MBA.

3) Monash Business School

If you want to enroll in an MBA program full of experience-based modules, project consultation, and on-ground engagements, Monash Business School, part of Monash University, is your destination. Unlike the majority of international MBA programs, this one is 24 months long. This is among the top 100 universities for MBA in Australia.

The fee of Monash Business School in Australia is around USD 65,000, which is pretty reasonable, given that it is a 2-year program. According to the university's report, the average salary of Monash Business School's MBA is around 104,654 USD.

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4) The University of Queensland

The University of Queensland is a good option for universities for MBA in Australia without work experience. The entry test of UQ is also relatively more accessible than many other top Australian universities and this university has one of the best MBA in Australia . The fee of the program is also quite reasonable. International students have to pay USD 50,000 - USD 60,000 for the entire MBA program at the University of Queensland, and its global MBA rank lingers around 110 and 120.

5) Macquarie Graduate School of Management

Macquarie Graduate School of Management offers a comprehensive global business program that even provides exchange programs in some cases. If you are already working in the field and want to bolster your career, then the MBA program at Macquarie Graduate School of Management can come in instrumental. As an international student, it will cost you around USD 55,000 for the full fee payment of the program. The Economist ranks Macquarie Graduate School of Management's MBA program among the top 50 global MBA programs.

6) The University of Western Australia's Business School

If you want to enroll in a well-accredited MBA program in Australia, try to get admission to The University of Western Australia's Business School. Its MBA program is accredited by the Association of Advance Collegiate Schools of Business and the European Quality Improvement System. The global ranking of its MBA program revolves around 131-140, and it has a tremendous average employment rate of 94% after an MBA. For international students, the fee of the MBA program at The University of Western Australia's Business School seems pretty reasonable. The entire MBA program costs you around USD 49,000.

7) ANU College of Business and Economics

ANU College of Business and Economics blazed a new trail along with a Dutch institute and introduced a one-of-its-kind, evidence-based graduate business program two years ago. This Business and Economics School in Canberra is one of the favorite destinations for international MBA students. ANU's MBA program ranks among the top 150 MBA programs in the QS ranking. The fee of the entire MBA program is around USD 41,000.

8) Deakin Business School

Deakin Business School, an extension of Deakin University, offers an MBA program with an excellent career development module. Deakin's program is a good option if you want to have a strong shot of placement at an esteemed organization after completing your MBA. The online MBA at Deakin Business School is also worth mentioning. All in all, QS Ranking system ranks it as the best online MBA in Australia and the 16^th in the entire world.

9) La Trobe University

This university is in Melbourne and is known for its research-intensive postgrad programs. Its MBA is also considered one of the best among all the universities for MBA in Australia. International students who find it challenging to fulfill the MBA requirement in other top universities must try their luck at La Trobe. La Trobe's Accelerator program is also worth mentioning. As a matter of fact, it encourages students to come up with great start-up ideas. The university also doles out up to USD 20,000 for the winning ideas. The annual tuition fee at La Trobe is around USD 28,000.

10) RMIT University

RMIT University is a public university based in Melbourne. It is one of the most popular universities for MBA in Australia for international students for its Graduate School of Business, one of the top institutes of business management studies in the entire Asia Pacific region. The global MBA ranking of RMIT's business school is solidly among the top 200 MBA programs in the world. The total fee of the MBA program for international students lingers around USD 60,000.

Key takeaways

• As a matter of fact, Australia is one of the most preferred study abroad destinations for students pursuing an MBA.
• In addition to the excellent choice of universities, the land down under also offers an exceptional living experience.
• Although the tuition fees for pursuing an MBA are a bit higher than the other courses, the fees at Australian universities are comparatively more feasible.
• All in all, the average fee for an MBA in Australia is approximately USD 44858.
• In addition to this, the living cost is also quite affordable. It includes accommodation, food, and social activities.

Additionally, to find out more about top universities for MBA in Australia, you can always get in touch with iSchoolConnect. We are one of the leading study abroad experts, helping students throughout the admissions process by helping them find the right program and universities across the globe. So what are you waiting for? Contact us now!

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(Kindly note that all monetary figures mentioned in the blog above are in US Dollars)

FAQs

Question 1: Is Australia an affordable place to live in?

Answer: As a matter of fact, yes! Australia is quite an affordable place to live in. However, the cost of living depends on how you spend your money. While there are many affordable locations for residents, there are quite a lot of eminent ones too. So, plan out your expenses beforehand.

Question 2: Other than the mentioned ones, which are the other best universities for an MBA in Australia?

Answer: In addition to the ones mentioned, the other best universities for an MBA in Australia include the University of Sydney, UQ Business School, and the University of Canberra.

Question 3: Which are the best places to visit in Australia while studying?

Answer: As a matter of fact, Australia houses many fantastic tourist attractions. However, the best places to visit in Australia for students include the Blue Mountains in New South Wales, the Horseshoe Falls in Tasmania, and the Great Barrier Reef, Queensland.