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Monash MBA Review


7 minutes

Table of Contents

    Key Takeaways:

    Program Overview: The Monash MBA is a two-year, full-time program structured to develop strategic thinking and leadership skills. The curriculum includes hands-on projects, international study opportunities, and close industry engagement to prepare students for the dynamic challenges of the business world.

    Class Profile: The Monash MBA Class of 2025 features a diverse cohort with students coming from various professional backgrounds, including technology, healthcare, and finance. The program prides itself on gender balance and international representation, ensuring a rich and inclusive learning environment.

    Tuition Fees: The tuition fee for the Monash MBA program is AUD 90,000 for the entire duration of the program. This cost covers all core activities, including the international business project and industry engagement projects.

    Average Salary and Employment: Graduates from the Monash MBA program have a strong employment record, with many securing positions in top multinational firms. The average starting salary for Monash MBA graduates is AUD 120,000, reflecting the program's reputation and the high demand for its alumni in the job market.

    Introduction

    Attention aspiring professionals! Are you ready to elevate your career and become a leader of tomorrow's business world?

    Look no further than the Monash MBA program. With its cutting-edge curriculum, renowned faculty, and a global network, the Monash MBA offers a transformative learning experience that equips you with the skills, knowledge, and connections to excel in today's competitive landscape.

    Whether you aim to drive innovation, lead with purpose, or expand your global reach, the Monash MBA provides the perfect platform to unlock your full potential.

    Join us today and embark on a journey of growth and success with the Monash MBA program.

    Program length 24 months
    Tuition Fees
    MBA 2024
    $13,200 AUD (for 24 credits)
    $9,900 AUD (18 credits)
    Program deadline
    MBA 2024
    Round 1: 31 March 2024
    Round 2: 31 August 2024
    Intakes 3
    Application fees $100

    Class Profile of Monash MBA

    As students from all over the world attend Monash MBA class profile is very diverse in terms of culture. The variety of cultures will broaden your perspective and provide you with different points of view. The nine years of work experience that is the MBA average at Monash University speaks to the knowledge of the students who will be with you.

    One of the well-liked programmes is the MBA in Finance. Your network will be spread throughout all of these areas or sectors because these alumni come from more than 17 different industries.

    Average GMAT NA
    Average GRE NA
    Average GPA NA
    Average work experience 7 Years
    Average age 30 Years
    Pre-MBA industry
    MBA 2024
    Airline
    Retail
    HR
    Mining/Oil & Gas
    IT
    Accounting
    Pre-MBA location
    MBA 2024
    NA
    Class size
    MBA 2024
    50
    Women
    MBA 2024
    50%
    Country Represented
    MBA 2024
    NA

    The international student experience at Monash University

    Monash MBA Ranking

    Monash University made significant strides by ranking 42nd globally, marking its entry into the top 50 for the first time and highlighting its emerging status as a leading international institution as per QS World rankings 2024. This ranking of Monash University's strong performance across various metrics such as employability, entrepreneurship, return on investment, thought leadership, and diversity. These areas are crucial for assessing the value and impact of the MBA programs offered.

    Monash Business School, specifically, is distinguished by its 'Triple Accreditation' from AACSB, EQUIS, and AMBA, placing it among a select group of business schools worldwide recognized for high standards in education and research 

    Rankings Position
    QS World University Rankings for 2024 42
    Shanghai Ranking Academic ranking of world universities (ARWU) by subject 2
    US News and World Report 2022-23: Best Global Universities 37

    Eligibility & Requirements for Monash MBA

    Applicants must have completed an Australian bachelor degree or an equivalent qualification as determined by Monash University A minimum of three years work experience is required,with minimum one year of managerial experience. For those whose first language is not English, proof of English proficiency through tests like IELTS or TOEFL is necessary, meeting the university's minimum scores. the Monash MBA GMAT score range for admitted students can vary from year to year based on the applicant pool's competitiveness.

    The application must include a personal statement discussing the applicant's motivations and career goals, two referee reports from current or former employers, official academic transcripts from all post-secondary education, a detailed CV or resume, and a proof of identity such as a passport.

    Application Components:

    When applying for an MBA at Monash University, the following components are generally required to complete the application process:

    • Online application
    • Proof of English language ability
    • Referee Reports(Contact details for two professional referees)
    • SOP
    • CV/Resume
    • Academic Transcripts with English translation where required
    • Proof of Identity
    • Scholarship application if applicable
    • Detailed curriculum vita
    • Application $100

    You can refer to this Monash official page to learn more on: Monash MBA | How to apply

    Program and Curriculum of Monash MBA

    monash mba

    The Monash MBA program curriculum is designed to enhance leadership and strategic management skills, catering to experienced professionals. It's structured as a two-year course with significant practical components, including consulting projects and an international study module, aimed at building a deep understanding of global business environments.

    • Module 1: Feb – Jun: Foundation (Leadership I People & Performance)
    • Module 2: Jul – Dec: Innovation (Leadership II Influence & Negotiations)
    • Module 3: Feb – Jun: Transformation (Leadership III Organisational Transformation)
    • Module 4: Jul – Dec: Globalisation (Leadership IV Sustainability in a Global World)

    Electives

    These allow students to tailor their MBA experience towards their career interests. Available Monash MBA electives cover a wide range of topics, from design thinking and global business to leadership in business transformation

    • Leadership: Governance and ethics (MBA5248)
    • Industry placement (BEX5001)
    • Industry placement (BEX5012)
    • Consulting project (BEX5006)
    • Consulting project (BEX5112)
    • Global business (MGF5800)
    • Regulatory analysis and design (BTF5110)
    • International study program in accounting (ACX5951)
    • Global study programs in marketing (MKX5521)
    • Design thinking for business (ADA5111)

    Research centers

    Monash Business School offers many research centers and institutes: Centre for Development Economics and Sustainability, Centre for Health Economics, Impact Labs, Monash Centre for Financial Studies.

    Fees & Financing

    Monash Business School offers a variety of financial aid options for its MBA programs, including Monash scholarships & study grants, and bursaries, to help offset the costs of the program. These opportunities are designed to support a diverse range of students including international applicants, those demonstrating professional achievement, and those who may face financial barriers.

    Tuition Fee (Full MBA Program) $13,200 AUD (for 24 credits)
    $9,900 AUD (18 credits)
    Application Fee $100

    NOTE:These fees and financial support options aim to make the Monash MBA accessible to a broad array of students and help them leverage this education towards significant career advancement and personal development. To know more Monash University MBA Fees

    Employment Upon Graduation

    monash mba

    After completing an MBA from Monash Business School, graduates can look forward to a range of lucrative career opportunities across various industries. Here's a detailed breakdown of Monash University MBA salary outcomes and career trajectories:

    Average salary
    MBA 2024
    AUD 70,000 to AUD 150,000 
    Offer accepted upon three months of graduation NA
    Offer received upon three months of graduation NA
    Reporting rate NA
    Post-program job locations Melbourne
    Sydney
    London
    New York
    Singapore
    Post MBA industries
    MBA 2022
    Consulting
    Finance
    Technology
    Healthcare
    Media

    Career Advancement Program - Vignesh Araunchalam

    Know more at: Graduate Outcomes 2021 | Monash University

    Monash MBA Application: SOP & Interviews

    monash mba

    SOP

    Monash MBA Applicants are required to submit a short Statement of Purpose that will address the following questions:

    • How The Monash MBA will impact on your professional career plans
    • How you will draw on your business experience to contribute to the cohort’s peer learning

    Interview Questions

    When preparing for a Monash MBA interview, it's important to be well-prepared with thoughtful answers to potential questions. Here are some common questions you might encounter:

    Here is a detailed information of Monash University MBA interview questions

    The Monash MBA program Admittees:

    • You have demonstrated leadership potential and possess a strong academic background.
    • You should have the knowlege deeply with contemporary business issues.
    • You should  have clear career goals and are seeking to enhance their strategic thinking and management skills.

    Why Monash is Unique?

    monash mba

    Still wondering Is Monash University MBA worth it?

    It provides them with the necessary skills, knowledge, and experience to succeed in their careers and make an impact in the business world. In this section, we will discuss the unique features of the Monash MBA program that set it apart from other MBA programs.

    • Flexible study options: You’ll also benefit from the extra choices that come with studying at Australia’s largest university. We have more courses, more study options, more research projects, and more international exchanges, giving you a broader education that will set you apart from your peers.
    • Make change: The thing that is most special about Monash is our desire to make a difference. You’ll leave with a greater sense of purpose, a global outlook, and the skills and confidence to make a positive change – to your own life, and to the lives of those around you.
    • Global network: We’re truly international too. With students from over 170 countries, and a presence in Australia, Italy, Malaysia, India, and China, you’ll benefit from a truly global education.

    Why Monash Business School?

    Useful Links

    Tuition Fees Monash Tuition Fess- Study Abroad
    Program deadlines Monash MBA Application cycle
    Costs & finance Fees Information
    Alumni Monash Alumni Life
    Interview Question | Monash MBA Preparing for an interview | Monash University
    Contact Monash MBA program
    Telephone: +61 3 9903 4788
    Online: ask.monash.edu.my
    International student enquiry form

    Conclusion

    The Monash Business School is a globally recognized as one of the MBA colleges in Australia that offers a comprehensive business education to students.Completing a Monash MBA is an incredibly rewarding experience, and graduates will have earned a world-class qualification that will open up opportunities for further study and employment.

    Know Your Author
    Photo of Abhyank
    Abhyank Srinet
    |
    Study Abroad Expert

    Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.

    Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.

    His dedication to education also led him to create MentR-Me, an AI-powered platform that offers personalized guidance and resources, including profile evaluation, application assistance, and mentoring from alumni of top global institutions.

    Continuously adopting the latest strategies, Abhyank is committed to ensuring that his clients receive the most effective guidance. His profound insights, extensive experience, and unwavering dedication have helped his clients securing of over 100 crores in scholarships, making him an invaluable asset for individuals aiming to advance their education and careers and leading both his ventures to seven-figure revenues.

    How long is an MBA Monash?

    Monash MBA is a 2-year long curriculum divided into 4 modules, each focusing on a particular aspect of business and management.

    Is Monash MBA good?

    With a placement rate of 94% and the rank of 7 in Australia, we can conclude that Monash MBA is among the best.

    How do you get an MBA at Monash?

    The minimum eligibility criteria for international students to pursue Monash MBA is a bachelor’s degree, a minimum of 3 years of work experience, and English proficiency. When you fit in the eligibility criteria, there are other documents that you will need to submit, like- resumes, statements of purpose, letters of recommendation, etc.

    Can I get a job in Australia after MBA?

    Due to career prospects with globally renowned firms, MBA graduates in Australia have a decent probability of obtaining a two-year work permit. It has a strong job market, with global companies and multinationals supporting it.

    Which MBA specialization is best in Australia?

    Australia offers several specializations in MBA, the one that you should choose depends on your career aspirations, educational background, as well as, interests. Here are the top specialisations that the Australian universities generally offer-

    • International Management
    • Human Resources
    • Marketing
    • Strategy
    • Healthcare Management
    • Sustainability
    • General Management
    • Innovation Management
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