MBA in Australia

Studying in Australia in any Business school is entirely different from studying in the best universities in Australia for MBA, which has its own perks. Before selecting any university, a few things to keep in mind are your interest in entrepreneurship and marketing, MBA cost in Australia, MBA fees in Australia and going through the course structure in every university you are considering applying to before applying to MBA universities in Australia.

So if you are thinking of doing an MBA from best universities in Australia for MBA are mentioned below.

For a lot of people studying abroad is a dream. It’s a new learning experience, and at any given time, no one will lose the opportunity to study abroad. Australia is the second most popular country in the world for international students who choose to study there because of its culture and high-quality education in MBA colleges in Australia. The fees of an MBA in Australia is fairly high, but with MBA in Australia with scholarship and loans, one can easily reside there and pay off their MBA cost in Australia with their salary of MBA in Australia.

Top Universities For MBA in Australia

An Australian degree is one such MBA course in Australia that increases your credibility in business. In 2017 alone, 799,371 international students were enrolled in Australia. As of 2018, there were over 540,000 international students were enrolled in the best universities in Australia for MBAs. Of that, at least 182,000 were enrolled in higher education programs.

More than 20,000 students are currently study MBA in Australia. And up to 80% of the students who are pursuing an MBA are international students. One of the favorite countries to pursue an international MBA course in Australia from MBA colleges is Australia. To pursue an MBA from a reputable and the best university in Australia for MBA, where you can benefit from a decent environment, suitable qualifications, favorable employment opportunities, etc. All this is possible with MBA in Australia with a scholarship.

Benefits of Studying from the Best universities in Australia for MBA

• There are so many advantages of studying MBA from MBA colleges in Australia, and one of them is having an internationally recognized qualification with practical knowledge and work experience. 
• Many people consider studying MBA in Australia because of its unique and less duration of  MBA courses in Australia.
• Your professional skills will improve, and you will get practical and theoretical knowledge of business management if you consider studying at top-notch MBA universities in Australia due to the rapidly evolving market growth in Australia.
• Multinational companies and employers across Asia have a strong demand in Australia for MBA graduates.
• MBA cost in Australia has the edge over other countries because of its low cost of living, and affordable MBA fees in Australia and one can always go for MBA in Australia with a scholarship.
• Between UK, US and Australia, Australia has the most number of international students because of its advanced technology and teaching excellence and numerous opportunities after completion.
• One of the major advantages of studying in the best universities in Australia for an MBA is having numerous job opportunities after MBA Courses in Australia.
• Settling in Australia and getting PR is also easy. After completing your course you will get 2-year post-study work permit which will help you find work and settle in Australia.
• Australia has group of eight universities which basically means the top eight universities in Australia to study.
• Australia has become the best destination for international students because of the easy availability of PSW and Permanent residence visa.

No. of Intakes of Top Universities for MBA in Australia

Typically Almost every other MBA colleges in Australia has only two intakes

• February
• July

Some of the universities in Australia offers trimester which are usually held in November.

Visa Process For Students Pursuing MBA in Australia

The process of getting a visa to study abroad can be tiresome, but it is an important process that cannot be avoided if you wish to study at the best universities in Australia for MBA. First and foremost, you need to apply for admission to the university which you have preferred before applying for visa.

There are a few steps involved In this process which requires the choice of a university/institution, submitting the application, and being accepted into the university with an offer letter from them. Then you can enroll to study MBA in Australia.

One of the most important things in the process of the application process is receiving electronic confirmation of enrolment (eCoE).

Documents required for visa process are:

• Evidence of sufficient funds, including the MBA in Australia with scholarship 
• English proficiency certificate(IELTS/PTE)
• Academic certificates
• Overseas student health cover(OSHS)

After registration and submission of all the essential details and documents apart from the English test, score-applying for conditional offer letter from the educational provider is also very important, if you want to get into MBA colleges in Australia.

If you have already submitted the English test score then you can apply for an unconditional offer letter from same.

The whole process may take up to 4-6 weeks for asserting depending on that particular university/institution.

On 16th June 2015, the Australian government has changed Streamlined visa processing(SVP) to Simplified student visa framework(SSVF) which will not require English proficiency and financial documents but however visa officer may ask to show them.The application for visa should be lodged before 12 weeks.

The department of Home Affairs has their financial MBA in Australia requirements for every student who wishes to study in Australia and to get an Australian student visa.

Submission of evidence of sufficient funds must be done 3 months prior to the date of application for your duration of stay. In the evidence of sufficient funds the only acceptable funds are Educational Loan to pay off the MBA fees in Australia, Fixed deposits, Balance in savings account and Personal Loan(Disbursed fully).

And there are few unacceptable funds such as Shares, Debentures, Bonds, LIC surrender value,PPFS, EPF, GPF, PF, CPF, Co-Operative bank balance.

In case you are working and your company is sponsoring you, you will need to submit the balance sheet and bond signed with the company saying that your MBA cost in Australia will be sponsered by them.

One of the major MBA in Australia Requirements is english language proficiency, Australian universities accept IELTS, PTE, GMAT, TOEFL, score proof as your proficiency in English. It might help you get into the best b-schools to study the best MBA Courses in Australia.

MBA in Australia Requirements for Language Proficiency for Australian Student Visa:

There are few mandatory tests for checking your English proficiency other than academic qualifications and work experience, and also very important for an Australian student visa. This is mandatory for a few universities even if you have studied in English medium your whole life. IELTS is the International English Language Testing System. If you want to get into the top business schools or best universities in Australia for MBA you definitely need an overall band score of 6.5 and not less than 6.0.

IELTS is one such test which is mandatory to get into any Australian university/ Business school and during the process of getting a visa, especially if you are from India, Bangladesh, Pakistan, Sri Lanka and some other countries.

Eligibility Criteria to Study MBA in Australia

• Bachelor’s Degree

In order to get into any university in Australia 3 or 4 years bachelor’s degree is a must. And the same is applicable to the entry of a master’s programme or to study MBA in Australia.

With an aggregate of 60% or above from any recognized university in bachelor’s degree for the entrance of a master’s is mandatory.

• Work Experience

Few Australian Business schools and universities require 2 or 3 work experience after a bachelor’s degree as essential to get admission to in MBA course in Australia.

Other Eligible Criteria

Any of the English proficiency test scores such as GMAT, IELTS, TOEFL, PTE are mandatory.

In few Business schools and universities GMAT score is not one of the mandatory MBA in Australia requirements to enter into the MBA programme.

But GMAT is highly recommended if you don’t want to take any chance of not getting into the university and Business school you prefer.

Entrance Exams MBA in Australia requirements in Top Universities 

There are a few mandatory tests for checking your English proficiency other than academic qualification, work experience, and the cost of an MBA in Australia. MBA in Australia fees are also very important for an Australian student visa.

This is mandatory for the best universities in Australia for MBA, even if you have studied in English medium your whole life. The higher the test scores, the better or even the best universities in MBA in Australia to get into. One can even choose their course from the variety of MBA courses in Australia

IELTS is the International English Language Testing System. If you want to get into the top business schools or universities, you definitely need an overall band score of 6.5 and not less than 6.0.

The IELTS exam is one such test which is mandatory to get into any Australian university/ Business school and during the process of getting a visa, especially if you are from India, Bangladesh, Pakistan, Sri Lanka and some other countries.

GMAT (Graduate Management Admission Test) is another such test which is primarily focused to get in to Business schools. It requires band score of 6.5 overall and not less than 6.0. Few universities waive GMAT score if there is any personal interview.

TOEFL (Test of English as a Foreign Language) is another test which requires a band score of at least 79 for few universities it is 100 to 90 to 80 to 70, and least accepted is 60.

PTE (Pearson Test of English) is one test which is also acceptable having the band score of 6.5 overall and not less than 6.0.

Fees of MBA in Australia

Study MBA in Australia in any Business school is entirely different than studying in one of the top universities/ Business schools which has its own perks. Before selecting any university a few things to keep in mind are your interest in entrepreneurship and marketing, MBA cost in Australia and going through the MBA courses in Australia structure in every university you are thinking to apply to before applying for that particular institution.

The majority of the students who consider pursuing an MBA chose Australia because it is the most sorted as the fees of an MBA in Australia is quite manageable once you get the MBA in Australia with a scholarship. Students can get redemption through scholarships and can also pay their MBA fees in Australia by working part-time. So if you are thinking or considering to study MBA anywhere in Australia there are few top most universities which I have mentioned below.

Australia has been known for its generous number of intakes complemented with numerous scholarships and the top-notch quality of education. Moreover, a degree in masters secured from an Australian university holds an immaculate reputation and is highly valued globally. The Country serves as a host to the best business and research schools with industrial pioneers like Commonwealth Bank dominating the market of Financial Services and Investments. As a result, Australia is ranked among the top destinations in the world where international students choose to reside in. MBA course in Australia Duration varies from 15 months to 2 years. Fees of MBA in Australia can be within budget if paired up with scholarships.

So, here are the few top universities in their ranking order, along with the annual course fee and average annual salary,  that offers an MBA program to study MBA in Australia:

Non-GMAT Australian Schools

Listed below are some of the most prominent OR best MBA colleges in Australia that offer top-notch MBA in Australia programs while leveraging competition on an entirely different set of skill sets, experiences, and proficiencies. These colleges have MBA course in Australia. This list also includes schools that will be waiving off the GMAT score as one of the MBA in Australia requirements due to the COVID-19 scenario.

1. ANU College of Business and Economics
2. La Trobe University, Melbourne
3. Faculty of Business and Economics, Monash University
4. Sydney Business School, University of Wollongong
5. Macquarie Graduate School of Management
6. Sydney Graduate School of Management, University of Western Sydney
7. The University of Sydney Business School
8. Australian Catholic University
9. Curtin University, Perth
10. James Cook University, Townsville City

Scholarship/ Financial Fund for Pursuing MBA in Australia

When you think of studying Abroad, one of the things that come to mind is Applying for MBA in the best MBA colleges in Australia with scholarships, Financial funds and Educational loans. You can have all types of questions like How to apply, Where to apply, and What is the fee structure of MBA courses in Australia? and hope you can make your scholarship application more appealing.

Few people think that only high grades can get scholarships or that IELTS(or)TOEFL are mandatory for scholarships, But it is not entirely true.

Anyone can get a scholarship the true MBA in Australia requirements are having a basic grade and willingness to learn, and having a positive attitude to serve society.

MBA in Australia with scholarships are provided for courses like Bachelor, Master, PHD, Exchange and Research Fellowship.

Scholarships are applied online, and the great thing about it is the application is absolutely free.

There is this website called studyinasutralia.gov.au, In this you can see 700 to 800 scholarships which are given by the Australian government for international students who would like to study higher studies in Australia and reduce their MBA cost in Australia. The students would require the money as the tuition MBA fee in Australia and cost of MBA in Australia is very high.

You need to check if your field of education is eligible for that scholarship and the you can apply for them respectively.

Thousands of scholarships are funded every year, and some of the different types of scholarships available are:

Endeavour Scholarships in Australia is a such scholarship that can be used for fees of study MBA in Australia which is available for international students which provide financial support to people who wish to pursue a master’s or any other higher education for that matter, reducing their MBA cost in Australia and can pay for their fees for MBA in Australia. You can apply for the above scholarships directly from the best MBA colleges in Australia.

Fully Funded Scholarships Cover

• Travel
• Visa cost of MBA in Australia
• Accommodation
• Tuition MBA fee in Australia
• Medical insurance
• Monthly stipend(1000$approximately), and some other minor costs, etc.

Partially Funded Scholarships Cover

This includes a small amount, which can be used for your expenses and cost of living or it can be used to pay a chunk of your MBA cost in Australia if you are planning to do an MBA in Australia with scholarship.

A few others are:

• University Scholarships
• Financial Scholarships
• Country Based Scholarships
• Privately Funded Scholarships
• Merit Based Scholarships
• Government Funded Scholarships

Living Cost for MBA in Australia

Every individual has their own cost of living. Some like to live on a budget and cut all the unnecessary expenses, and some don’t. Besides tuition fees for MBA Course in Australia, Indian Students has to look for extra expenditure when living in another country.

Living cost depends upon two major factors, The City you live in and The Lifestyle you would like to live.

The cost-effective living reflects each individual with their own personal expenditure and their own personal interests. And knowing the average cost of living cost is also a very important part of your financial planning which will reduce your extra costs, of MBA courses in Australia, and MBA in Australia fees. and you will have the most accurate budget according to it.

Such unavoidable living costs are accommodation and meal costs.

Accommodation options are hostels in the best MBA colleges in Australia, guesthouses, shared rentals, and boarding schools.

Accommodation cost for MBA in Australia depends upon whether you choose to live, particularly where in the city centre or suburban areas. You can live by individual rental and shared accommodation, which means you are sharing it with people, which will result in a cost of $500 to $800 per month.

You can find a private shared rental from websites like Gumtree.com.au, realestate.com.au, domain.com.au, and flatmates.com.au.
There is another option you might like to consider living in which is managed student accommodation which can cost you around $200 to $ 400 per week which can be covered with the salary of study MBA in Australia.

The second major expense is Food. Eating out regularly can be very expensive, Rather than eating out every day, you can actually learn to cook and try to cook as much as you can at home because it is definitely the much cheaper option.

If you are eating according to your budget you will be spending $10 to $15 per meal. All this cost of an MBA in Australia fees is easily covered.

Other unavoidable expenses are:

• Gas and electricity
• Groceries and Eating out
• Phone and Internet
• Transportation
• Few entertainment costs

Overall Expenses

Apart from the MBA in Australia fees and cost of MBA in Australia, including the living expenses are approximately AUD $85 TO AUD $350 per week .

Note: The expenditure may vary from individual to individual according to their spending and their choice of lifestyle.

Salary After MBA in Australia

The advantage of already having an Australian MBA degree is already having an idea of the Australian market and practical knowledge about business and it works.

For many MBAs in Australia graduates, the excitement comes in the form of bonuses which can be around 20% of the overall compensation package. Theses bonuses can help you pay the loans for MBA in Australia fees This includes sign-on bonuses and end-of-the-year bonuses, which are performance-based.

Consulting and finance continue to be the most sort after recruitment sectors. However, IT and Computer service firms are increasing their demand for MBA hire.

If you really think that MBA salary in the US is higher, firstly think of the salary of MBA in Australia, then you will be absolutely wrong.
Singapore is highest with$137,000 following :

USA : $130,000
Australia : $123,000
France :$124,000
UK :$120,000
India :$57,000

Salary numbers are in USD.

But the demand for MBA’s are still highest in the US. Hence the salary of study MBA in Australia is high

India is numbered in one of the top 20 markets for MBA. But the pay scale in India is the Lowest of all. The salary of MBA in Australia depends not just on the country you wish to work in but also effects according to the industry you want to get into.

 Work Visa After Completing MBA in Australia

The advantage of already pursuing MBA from any recognized best MBA colleges in Australia is, it allows you to study and work simultaneously. So you can start working part time without worrying about needing a work visa to even have a part time job.

After completing your course you will get 2 years post study work permit(PSW) which will lead you to a Permanent residence visa which will further help you in settling in Australia.

The different types of work visas are 402 training visas, Research visa, 886 skilled sponsor resident visa.

An average course duration in any Australian University is 2 semesters which will end in December. But the visa will already be extended till March.

Another advantage of already pursuing MBA in one of the Australian universities is they offer placements to students who are studying in their university.

Eligibility for Australian work visa and few required documents are :

• 2 years of academic course completed in recognized Australian University for international students, it may be a bachelor’s or master’s.
• Health insurance (Overseas Student Health cover) OSHC.
• Genuine temporary entrant requirement
• Proof of most recent employment.
• Academic certificates, certificate from your previous academic institutions.
• Evidence of sufficient funds.
• Temporary graduate visa (subclass 485).

Conclusion

Studying MBA from the best MBA colleges in Australia would be one of the most important steps if you are planning to work there and thinking of settling further in Australia.

Australia has its own advantages and effective MBA in Australia fees and cost of living according to where you decide to live. If you wish to do MBA in Australia cost of living can differ from place to place depending on the city you choose to live in. But don’t worry with a salary of MBA in Australia.

The Australian market is vastly growing and evolving rapidly and not showing any sign of slowing down. Australia has a lot of business opportunities career-wise and the mentoring in universities is amazing.

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