Australia remains a favourite destination for many students due to its being home to some of the world’s top universities, which offer MBA courses. It offers globally recognised MBA programs that attract thousands of students across the globe, including Indians.

With so many MBA college options available, it can be quite challenging for students to choose the right college and apply for the same. This blog will help students understand the Top MBA colleges, including the fees, rankings, and eligibility.

Why Study an MBA in Australia

For the reasons below, students choose to study an MBA in Australia

  • Australia is home to a few of the world-renowned universities with top business schools, including 9 ranked in the top 100.

  • Under post-study work rights, students get work permits for up to 4 years under the temporary graduate visa.

  • MBA in Australia focuses more on research, innovation, and practical learning, thus preparing students for the competitive world.

  • Post-study, MBA graduates enjoy attractive salaries, which ensure career growth. 

MBA Types in Australia

Australia not only offers a full-time MBA, but also various other types of MBA programs are available. Students, as per their convenience, can opt for other types of MBA programs according to their preference.

Full Time MBA

This is a full-time MBA program, in which students are required to attend the classes regularly. This program is suitable for those who do not work alongside and just concentrate on their studies. Most of the students prefer a full-time MBA program.

Part-Time MBA

Students who want to earn along with their studies opt for a part-time MBA program. These students usually attend the classes after their work hours or during weekends. Most of the part-time students take more time to complete their course due to other commitments.

Dual Degree

Choosing this degree has an advantage that, along with your MBA, the student can pursue another complementary degree in less time.  Apart from the MBA program,  students can get a degree in education, medicine, engineering, etc.

Best MBA Colleges in Australia

  • Melbourne Business School - Melbourne

  • UNSW - Sydney

  • University of Sydney Business School - Sydney

  • UQ Business School - Brisbane

  • Macquarie Business School - Sydney

  • University of Western Australia Business School - Perth

  • RMIT University School of Business and Law - Melbourne

  • UTS Business School, University of Technology - Sydney

  • Unisa Business School - Adelaide

  • Massey University - Auckland

Best MBA Colleges in Australia: Fees, Ranking & Eligibility

College

QS Global Ranking(2025)

Approximate Fees

Specializations

Duration

Melbourne Business School 

32

AUD $112,500

Finance, Marketing, International Business, Entrepreneurship

1–2 years

UNSW

33

AUD $86,760

Finance, Marketing, Technology Management, Strategy

12 months

University of Sydney Business School 

45

AUD $67,000

Finance, Marketing, Human Resources, Entrepreneurship

1–2 years

UQ Business School

81

AUD $63,984

Finance, Marketing, International Business, Sustainability

1–2 years

Macquarie Business School

101

AUD $46,500+

Finance, Marketing, Project Management, Analytics

1–2 years

University of Western Australia Business School 

121

AUD $86,400

Finance, Marketing, Project Management, Analytics

1–2 years

RMIT University School of Business and Law

151

AUD $82,560

Accounting, Finance, Business Analytics, Human Resource Management

1–2 years

UTS Business School, University of Technology

151

AUD $96,140

Finance, Marketing, Digital Business, Entrepreneurship

1–2 years

Unisa Business School 

151

AUD $60,000

Accounting, Finance, Business Analytics, Human Resource management

1–2 years

University of Wollongong

151-200

AUD $60,000

Finance, Marketing, Digital Business, Entrepreneurship

1–2 years

Eligibility Requirements for an MBA in Australia

To get admission for an MBA in Australia, students are required to meet certain eligibility requirements. These requirements may slightly vary based on the MBA program that the student chooses, but the basic requirement is as follows:

  • Bachelor’s Degree: The student is required to complete a bachelor's degree in any discipline from a recognised institute.

  • Work Experience: In Australia, most MBA programs may require a minimum of 2 to 3 years of professional work experience. This showcases students' readiness for the advanced business studies.

  • GRE/GMAT Score: Top Business schools in Australia usually ask for a GRE, GMAT score. However, for some universities, it is not a mandatory prerequisite, based on work experience or academic background.

  • English Language Proficiency: International students, including Indians, are required to provide the  IELTS or TOEFL scores, with a minimum IELTS band of 6.5 to 7. This range may change based on various other factors.

  • Statement of Purpose(SOP): A strong SOP clearly explaining your career goals, the purpose of pursuing an MBA in Australia. Also, demonstrate how the program aligns with your academic goals.

Apart from the above-mentioned eligibility requirement, students have to meet the other criteria as well if applicable.

How to apply for an MBA in Australia

Here is the detailed step-by-step process of how to apply for an MBA program in Australia. 

Research and Shortlist Universities

The first thing that students must do when applying to any university is to do proper research. Research and find the programs that fit your goals, budget, and other preferences.

Check Requirement

Each university and each program specialisation has a separate set of eligibility requirements. Students must visit the official websites of the university to check the eligibility requirements and make sure to meet them to get admission.

English Proficiency Test

Take the IELTS and TOEFL and get the minimum score required for the MBA Admission.

Prepare your documents in advance

Arrange the following documents to avoid last-minute hassle.

  • Academic documents

  • Resume/CV 

  • Statement of Purpose (SOP) 

  • Letters of Recommendation (LOR) - if applicable

  • Valid passport

Apply Via official Portals

Submit your application directly to the official university websites well before the deadline, as some universities have rolling intakes.

Apply for a Student Visa

After receiving the offer letter, start applying for the Australian student visa.

Plan Finances and Scholarships

It is recommended to explore scholarships that are available for Indian students, as Universities like Melbourne, UNSW, and UQ offer merit-based awards. 

Seek Expert advice from WeMakeScholars.

Since WeMakeScholars is an organisation funded and supported by the Ministry of IT, Government of India, we offer our services completely free of cost to students.WeMakeScholars can help students provide options for education loans. Our team is dedicated to assisting students in receiving education loan approvals on time. We provide complete education loan assistance to students applying through us.

Conclusion

Australia is one of the top destinations for students because of its globally recognised universities. However, choosing the right MBA college requires proper research on fees, ranking, eligibility, etc. This will help students make informed decisions about the MBA admission.