Introduction
Studying in Australia offers tremendous advantages for MBA students seeking higher education and real-world experience. With its renowned universities, flexible study options, and diverse cultural environment, Australia has become a top destination for international students pursuing an MBA degree. In this article, we will explore why studying in Australia is a compelling choice, the entry requirements for MBA programs, and highlight some of the notable MBA colleges/universities in Australia that provide exceptional learning opportunities.
According to Payscale’s research, MBA graduates in Australia earn an average of $102,000 AUD per year, and this qualification opens doors globally, not just within Australia. Students can specialize in various areas that align with the emerging trends of different countries and regions.
Why study an MBA in Australia?
When considering studying in Australia, prospective MBA students should first understand what an MBA entails. An MBA is a postgraduate course that equips students with technical, business, managerial, and leadership skills, making it a comprehensive program for aspiring professionals. In Australia, universities offer diverse MBA specializations, including health, finance, business analytics, tourism & hospitality, digital management, and more. With flexible part-time and full-time study options, Australian universities cater to the needs of both local and international students. These programs not only meet the entry requirements set by universities in Australia but also provide an opportunity for international students to gain real-world experience and benefit from the country’s higher education system. Here are some key reasons to consider pursuing an MBA in this dynamic country:
- Worldwide recognition: Universities in Australia have gained international recognition for their high teaching standards and successful career outcomes, ensuring that your MBA degree holds value across the globe.
- Flexible study options: Australian universities will typically have 2-3 academic terms each year, making it more flexible for international students to start their program.
- No GMAT requirement: Unlike many MBA programs in other countries, Australian universities generally do not require the GMAT (Graduate Management Admission Test), making the application process more accessible for prospective students.
- Cultural diversity: Australia’s multiculturalism means that you will have the opportunity to study alongside students of diverse cultures, offering a broad global cultural and economic perspective.
- Post-Study work opportunities: Upon completion of a two-year MBA course in Australia, international students are eligible for a post-study work visa of up to four years. This offers valuable real-world experience and enhances career prospects.
- Affordable education: Australia offers a range of affordable MBA programs compared to alternatives in the United States or the United Kingdom, making it an attractive option for students seeking quality education without excessive financial burden.
Is an affordable MBA possible in Australia?
It is possible! Australia has a high level of learning compared to other countries, and the Australian government ensures that this quality is obtained in all institutions. In Australia, the Management sector is in the Top Five Postgraduate Courses preferred by international students.
But as international students, we always have a common problem, “the budget.” This budget includes everything, the cost of living and the tuition fees. The cost of living is much lower in Australia compared to other English-speaking countries. The tuition fee, at some Australian universities is undoubtedly lower, and some universities also offer scholarships. Universities like Torrens University and business schools like Kaplan Business School are excellent options for those who want to obtain an MBA and increase career opportunities on a limited budget.
If you like to know more about the MBA courses in Australia, scholarship and tuition fees, contact SOL Edu today! Our team will offer you free consultation and free admission process.
Universities, Structure & Entry Requirements
Below you can find two affordable MBA options with scholarship options and different specializations:
Torrens University
| MBA (Advanced) | MBA | ||
| Duration | 2 years full-time | 1.5 years full-time | |
| Subjects | 16 (10 core + 6 electives) | 12 (8 core + 4 elective) | |
| Specialisations | No | Sports Management | |
| Scholarships | Yes | Yes | |
| Postgraduate visa | Yes | No | |
| Academic Requirements | Australian cognate bachelor’s degree or equivalent | Australian cognate bachelor’s degree or equivalent | Australian unrelated bachelor’s degree or equivalent |
| Professional experience | Not necessary | 1 Year | 3 Years |
| English Requirements | IELTS 6.5 (no band less than 6.0) | IELTS 6.5 (no band less than 6.0) | IELTS 6.5 (no band less than 6.0) |
Kaplan Business School
| MBA (General) | MBA (One Specialisation) | MBA (Two Specialisations) | |
| Duration | 2 years full-time | 1.5 years full-time | 2 years full-time |
| Subjects | 12 (6 core + 6 elective) | 12 (8 core + 4 elective) | 12 (6 core + 6 core specialisation) |
| Specialisations | Project management Health Services Management Tourism & Hospitality Leadership Digital Management Entrepreneurship International Leadership Women in leadership |
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| Scholarships | Yes | Yes | |
| Postgraduate visa | Yes | Yes | Yes |
| Academic Requirements & Professional experience | OPTION 1: Bachelor’s degree (or AQF Level 7 equivalent course) + no experience
OPTION 2: Advanced Diploma/Associate Degree (or AQF Level 6 equivalent course) + 2 Year of relevant industry experience |
||
| English Requirements | IELTS 6.5 (not less than 6.0 for Speaking and Writing and 5.5 for Listening and Reading) | ||
Postgraduate
Upon successful completion of a two-year MBA course in a university in Australia, MBA students become eligible to apply for a postgraduate visa known as the Temporary Graduate Visa Subclass 485. This visa allows you to continue your stay in Australia and explore further opportunities.
To apply for the postgraduate visa, you must submit your official English proficiency results. Accepted exams include IELTS with an overall score of 6.0 (with no band less than 5.0), or equivalent proficiency demonstrated through exams such as TOEFL iBT, PTE Academic, OET, or Cambridge.
Once granted the postgraduate visa, you can extend your stay in Australia for an additional two years. It’s important to note that this duration may be extended further if you choose to study in a regional area, providing you with an extended opportunity to gain valuable experience and contribute to the regional economy.
FAQs
What kind of real-world experience can I gain through an MBA course in Australia?
MBA courses in Australia often emphasize practical learning and provide opportunities for students to gain real-world experience. This can include internships, industry projects, case studies, and collaborations with businesses.
Are there scholarships available for international MBA students in Australia?
Yes, many Australian universities offer scholarships specifically for international students pursuing MBA programs. Normally, you can get a scholarship covering 25-30% of your tuition fees, but some universities can offer up to 50% of tuition fee scholarship, applying for your whole MBA course. Griffith University, Torrens University, RMIT, Monash, UQ, KBS, Curtin University, UNSW and other universities in Australia are opening the scholarship for 2023 and 2024 intakes. Contact us for free consultation on how to get these scholarships.
Do I need work experience to enroll in a MBA course in Australia?
The work experience requirement for enrolling in an MBA course in Australia can vary depending on the university and program. While some MBA programs in Australia may prefer or require applicants to have work experience, others may admit students directly after completing their undergraduate studies without a specific work experience requirement. For example, KBS does not require any work experience if you have completed a Bachelor’s degree while you are required to have 2 years of experience if you only earn an advance diploma degree in Australia.
To know more about entry requirements for a MBA course, contact us today and our team will offer you free counselling and free admission process.
What are the entry requirements to study a MBA course in Australia?
The entry requirements for studying an MBA course in Australia may vary depending on the university and program. However, there are some common requirements that most universities consider. Here are the typical entry requirements for MBA programs in Australia:
- Academic qualifications: Applicants are generally required to have a recognized bachelor’s degree or an equivalent qualification. The degree can be in any discipline, although some universities may prefer candidates with a business-related or relevant academic background.
- Work experience: Many MBA programs in Australia prefer applicants to have some professional work experience. The required amount of work experience can vary but is typically between 1 to 5 years. However, there are also MBA programs available for students without extensive work experience.
- English language proficiency: International applicants from non-English speaking countries are usually required to demonstrate their English language proficiency. Normally, you are required to obtain a 6.5 IELTS to be eligible for a MBA course.
Can international students stay longer in Australia after graduation from a MBA program?
Once graduation from an MBA course (at least 2 years), you can apply for a 485 visa that allows you to extend your stay in Australia for an additional two years. It’s important to note that this duration may be extended further if you choose to study in a regional area.