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Monash University MBA Review


10 minutes

Table of Contents

    Monash MBA 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.

    Monash MBA Class Profile

    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.

    Monash MBA Acceptance Rate

    According to recent data, the Monash MBA program has an acceptance rate of about 13% for Indian students. This means that for every 100 applicants, only around 13-14 students are accepted into the program.

    It's important to note that the acceptance rate can vary from year to year, and that the competitiveness of the program can also depend on factors such as the strength of the applicant pool, the number of available spots, and the overall quality of the applicant pool. It should also be noted that it depends on the cohort you are where Indian and Chinese cohorts having lowest acceptance rate due to a high number of applicants

    Program and Curriculum Monash MBA

    monash mba program and curriculum

    The Monash MBA course duration is 24 months The program is designed to challenge students to think critically, develop innovative solutions to real-world problems, and build successful careers in top industries.

    Core Courses  

    Core courses at the program are mentioned below : 

    Courses Description
    Business Models & Strategy  This course focuses on developing and implementing effective business strategies by understanding key elements such as market trends, competitive analysis and financial performance.
    Financial and Managerial Accounting This course provides an understanding of financial and managerial accounting principles and practices helping students make informed decisions about resource allocation and financial reporting.
    Business Analytics This course teaches students to analyze and interpret complex business data, enabling them to make informed decisions and identify opportunities for growth and optimization.
    Global Business Strategy This course examines the challenges and opportunities of doing business in a global context, including topics such as cross cultural communication, international trade and emerging markets.
    Design Thinking This course emphasizes a customer-centric approach to problem solving, focusing on empathy, experimentation and iteration to develop innovative solutions that meet the needs of users and stakeholders.

    Clubs and Associations 

    • Financial Management Association of Australia - A club that focuses on providing members with opportunities to develop their financial management skills and network with industry professionals in the finance sector.
    • Monash Marketing Student Society - A club that aims to promote and develop members' knowledge and skills in marketing, advertising and branding through workshops, events and networking opportunities.
    • Business and Commerce Students' Society - A club that provides a platform for students to network, share ideas and experiences, and gain insights from industry professionals across a range of business and commerce sectors.
    • Beta Alpha Psi - A club that focuses on promoting academic and professional excellence in the fields of accounting, finance and business and offers members opportunities to network with industry professionals.
    • Monash Electronic Gaming Association -  A club that aims to bring together students who are interested in gaming, to share their knowledge and skills and to organize gaming events and competitions.

    Extra Activities 

    • Pride Week - A week-long event that celebrates and promotes diversity, inclusion, and the LGBTQIA+ community, through a range of educational, cultural and social activities.
    • Virtual Shut up and Write - A virtual writing session that provides a supportive and distraction-free environment for students to focus on their writing projects, share their progress and receive feedback from peers.
    • Wings For Life - A charity run that raises funds for spinal cord injury research, and involves participants from around the world running or wheeling for as long as they can, until the virtual "Catcher Car" catches up with them.

    Scholarships

    • Achieving Potential Scholarships for Distinction - A scholarship that supports high-achieving students who have demonstrated exceptional academic performance and leadership potential and aims to reduce financial barriers to education.
    • Achieving Potential Access Scholarship - A scholarship that supports students from disadvantaged backgrounds, including low socio-economic status, Indigenous Australian or refugee and asylum seeker backgrounds, to undertake the Monash MBA program.
    • Monash Relocation Scholarship - A scholarship that provides financial assistance to students who are relocating from outside of Melbourne to study at Monash University, and aims to reduce the financial burden associated with relocation.
    • Monash Leaders Scholarship - A scholarship that recognizes and supports students who have demonstrated outstanding leadership potential and a commitment to making a positive impact in their community, through a combination of academic and extracurricular achievements.
    • Sir John Monash Scholarship for Excellence - A highly competitive scholarship that recognizes exceptional academic and leadership potential, and provides full tuition and living expenses for students to undertake the Monash MBA program, with the aim of developing future leaders in their field.

    Eligibility and Requirements for Getting into Monash MBA

    monash mba eligibility and requirement

    The Monash MBA is a prestigious program that prepares students for leadership roles in various industries. Before applying to the program, it's important to understand the Monash MBA eligibility and requirements. In this section, we will discuss the eligibility criteria and requirements for the Monash MBA program, which will help you determine whether you meet the necessary qualifications to apply.

    Eligibility

    • You are required to have either an Australian bachelor’s degree or a degree equivalent to it.
    • You must have an average of nine years of experience to study Monash MBA. 
    • English Proficiency Test
    • IELTS Academic 6.5
    • TOEFL internet 79

    Application Fees

    International applicants need to pay a $100 application Monash MBA fees and attach proof of payment.

    Application Documents

    • Application form
    • Curriculum Vitae (CV) or Resume
    • Certified copies of academic transcripts
    • Evidence of citizenship or residency
    • Proof of English language ability if applicable
    • Two professional Letters of Recommendation
    • Statement of Purpose (SOP)

    GPA needed for Monash MBA

    The Monash MBA program has an average GPA of 3.0 on a 4.0 scale. This means that applicants must have achieved a satisfactory academic performance in their previous studies to be considered for admission.

    GMAT needed for Monash MBA

    Unlike many other MBA programs, the Monash MBA does not require applicants to submit a Monash MBA GMAT or GRE score as part of their application. This means that applicants can focus on other aspects of their application, such as their work experience, leadership potential, and personal statement, rather than preparing for and taking a standardized test.

    GRE needed for Monash MBA

    Similar to the GMAT, the Monash MBA program does not require applicants to submit a GRE score as part of their application. Instead, the admissions committee will evaluate applicants based on their previous academic performance, work experience, and other factors.

    Average Work Experience needed for Monash MBA

    To be eligible for the Monash MBA program, applicants must have at least three years of work experience, with a minimum of one year of managerial experience. The average work experience for the class is 5+ years. This means that applicants should have a solid foundation of professional experience to draw upon during the program, and be able to contribute to class discussions and group projects from their own work experience.

    Is IELTS needed for Monash MBA

    International applicants whose first language is not English are required to provide evidence of English language proficiency, either through the IELTS, Pearson Test of English (Academic) or TOEFL. The minimum score requirements for each test are: IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0, Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50, and TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21.

    Monash MBA Deadlines

    The admission process for the Monash MBA is an important step for prospective students to understand. This process involves several steps, including the completion of an online application, submission of supporting documents, an interview, and completion of pre-program requirements.

    Monash MBA Admission Process

    • Online Application: Prospective students must first complete an online application form on the Monash Business School website. The application requires personal information, educational history, work experience, and other relevant details.
    • Supporting Documents: Applicants must submit supporting documents, including transcripts, a resume, a personal statement, and contact details for two referees. International students must also submit English language proficiency test scores.
    • Interview: Shortlisted applicants will be invited for an interview, which may be conducted in-person, over the phone or online.
    • Offer of Admission: After the interview, successful applicants will receive an offer of admission. They will be required to confirm their acceptance and pay a deposit to secure their place in the program.
    • Pre-program Requirements: Before starting the program, students will need to complete pre-program requirements, such as online modules and assessments.
    • Orientation: Students will attend an orientation session before the start of the program, which provides an overview of the curriculum, resources, and support available to them.

    When do the admissions start?

    There is only intake for the Monash MBA deadline each year begins in February. For the best chance of admission, it is advised to apply as soon as possible. 

    Round Deadlines
    Round 1 February

    When will I hear from the university after I submit my application?

    After submitting an application for the Monash MBA program, the university typically takes several weeks to review the application and make an admission decision. The exact timeline may vary depending on the number of applications received and the time of year, as the admission process may take longer during peak application periods.

    Once the admission committee has reviewed your application, they will notify you of their decision via email. If you are selected for an interview, you will typically receive an invitation within a few weeks of submitting your application. After the interview, you can expect to receive a final admission decision within a few weeks.

    Monash MBA Employment And Placement

    monash mba employment placement

    Monash MBA Average Starting Salary

    The Monash MBA salary is around $105,000 making it an attractive option for students looking to advance their careers and increase their earning potential. This figure is a testament to the quality of education and training that students receive during the program as well as the strong network of alumni and industry connections that Monash Business School has established.

    Monash MBA Employment Statistics

    Monash Business School has an excellent track record when it comes to helping graduates secure employment. According to the latest employment statistics, 94% of Monash MBA graduates find employment within three months of graduation, a remarkable figure that underscores the value and relevance of the program in the job market. Additionally, graduates of the program have found employment in a wide range of industries and sectors, including finance, consulting, healthcare and technology.

    Monash MBA Employment Report

    The Monash MBA employment and placement report that provides detailed information about the employment outcomes of graduates. According to the latest report, the average starting salary for Monash MBA graduates is around $105,000, with a range of salaries depending on industry, location, and other factors. The report also highlights the high employment rate of graduates, with 94% finding employment within three months of graduation. This report is a valuable resource for prospective students and employers alike, as it provides insights into the career prospects and earning potential of Monash MBA graduates.

    Top Sectors Hiring Monash MBA Graduates

    The Monash MBA program is renowned for its ability to prepare graduates for a wide range of career paths and industries. While graduates have found employment in diverse sectors, there are several industries that stand out as top hirers of Monash MBA graduates. Here, we will take a look at the top three sectors that have hired the most Monash MBA graduates.

    Companies Recruiting from Monash MBA

    Here are the top sectors hiring Monash University MBA graduates-

    Consluting Finance  Technology
    McKinsey & Company Macquarie Group Amazon Web Services (AWS)
    Boston Consulting Group (BCG) ANZ Banking Group Atlassian
    Bain & Company National Australia Bank (NAB) SEEK

    Monash MBA Alumni Info

    Monash MBA alumni have a wealth of knowledge and experience to offer. They are a great resource for those considering an MBA, as they can provide invaluable insight into the Monash MBA program. Alumni can provide advice on how to best prepare for the program, how to make the most of the studies, and how to create connections and networks. Alumni can also share their post-MBA experiences and successes, offering real-world perspective on how to apply their MBA skills required in the workplace. This is an invaluable resource for potential students who want to gain a better understanding of the value of a Monash MBA.

    Some Famous Alumni

    • Annie Lim- Global HR leader 
    • Jonathan Byrt – Founder of memobottle
    • Sarah McCann-Bartlett- The Australian HR Institute’s chief executive officer and managing director

    Application Essay for Monash MBA

    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

    Tips for Monash MBA Essays

    Crafting a compelling and well-written essay is an essential part of the Monash MBA essays. To help you put your best foot forward, we've compiled a list of five tips to keep in mind when crafting your responses to the short answer questions. By following these tips, you can ensure that your essays stand out and highlight your suitability for the Monash MBA program.

    • Be specific and demonstrate your knowledge of the Monash MBA program and your career goals.
    • Share your unique experiences and how they will contribute to the cohort's learning environment.
    • Focus on your skills and strengths, and how they align with your career aspirations.
    • Use concrete examples to support your arguments and showcase your achievements.
    • Proofread and edit your essays to ensure they are free of errors and flow well.

    Letter of Recommendation for Monash MBA

    For those considering pursuing Monash University MBA, it is important to be aware of the letter of recommendation requirement. The two letters of recommendation are an essential part of the admissions process and should not be overlooked. Before applying, prospective students must obtain two letters of recommendation from individuals such as professors, employers, colleagues, or mentors who can attest to their professional and academic accomplishments. These letters should be written specifically for the applicant and should discuss the strengths and accomplishments of the applicant in an objective manner.

    Monash MBA application requirements also mention that they need contact details for two professional referees, so keep that in mind while submitting your application.

    Interview Questions for Monash MBA

    SET 1
    Q: Why are you interested in pursuing an MBA at Monash University?
    Q: What specific skills and experiences do you bring to the program?
    Q: How do you see the Monash MBA helping you achieve your career goals?
    Q: What do you think sets you apart from other candidates?
    Q: How have you demonstrated leadership in your current or past roles?
    Q: Can you tell us about a challenge you faced in your career and how you overcame it?
    Q: How do you stay up-to-date with industry trends and developments?
    Q: How do you prioritize competing demands and manage your time effectively?
    Q: Can you give an example of a time when you had to adapt to a changing environment or situation?
    Q: How do you see yourself contributing to the Monash MBA community?

    SET 2
    Q: How do you think your previous academic and professional experiences have prepared you for the rigors of an MBA program?
    Q: Can you discuss a time when you had to work with a team to achieve a goal? What was your role in the team, and what did you learn from the experience?
    Q: What challenges do you think you will face while pursuing an MBA, and how do you plan to address them?
    Q: Can you tell us about a time when you had to make a difficult decision at work? How did you arrive at your decision, and what was the outcome?
    Q: How do you manage conflict in the workplace?
    Q: Can you discuss a time when you had to innovate to solve a problem at work? What was the problem, and how did you go about solving it?
    Q: How do you approach risk management in your professional life?
    Q: How do you handle stress and pressure in high-stakes situations?
    Q: What is your leadership style, and how do you adapt it to different situations and team dynamics?
    Q: Can you give an example of a time when you had to communicate a complex idea to a non-technical audience? How did you approach the situation, and what was the outcome?

    Tips for Monash MBA interview questions

    Preparing for a Monash MBA interview questions can be a nerve-wracking experience, but with the right tips and guidance, you can feel confident and ready to impress the admissions committee. Here are some tips to help you prepare for your Monash MBA interview and showcase your fit with the program's values and expectations.

    • Be authentic and honest in your responses, aligning with the Monash MBA's core value of integrity.
    • Demonstrate your passion for learning and growth, reflecting the value of lifelong learning at Monash MBA.
    • Showcase your leadership potential and ability to work collaboratively, emphasizing the value of teamwork and leadership in Monash MBA's curriculum.
    • Be prepared to discuss your career goals and how the Monash MBA program can help you achieve them, highlighting your alignment with the value of career readiness.
    • Show your commitment to making a positive impact in society, aligning with the Monash MBA's value of social responsibility, by discussing any experiences or aspirations related to social and environmental issues.

    What Makes Monash MBA Unique

    monash mba unique

    Is Monash 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.

    1. Global perspective: Monash MBA students gain a truly global perspective through the program's international study tours, partnerships with leading business schools around the world, and a diverse cohort of students from over 25 countries.
    2. Practical focus: The Monash MBA has a strong practical focus, with an emphasis on real-world learning experiences such as consulting projects, business simulations, and industry-based capstone projects.
    3. Personalized approach: Monash MBA students receive personalized attention and support from dedicated career services staff, faculty mentors, and a low student-to-faculty ratio, ensuring that each student's unique career goals and aspirations are taken into account.
    4. Innovation and entrepreneurship: Monash MBA students have opportunities to develop their entrepreneurial skills through the program's entrepreneurship initiatives, including a startup accelerator program and a course on innovation and design thinking.
    5. Commitment to social responsibility: Monash MBA values social responsibility and sustainability, and students are encouraged to consider the social and environmental impact of their business decisions through courses on business ethics, sustainability, and social innovation.

    Conclusion

    The Monash Business School is a globally recognized as one of the best MBA colleges in Australia that offers a comprehensive business education to students.Completing a Monash University  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. The Monash MBA is highly respected and recognised globally, and graduates can expect to be well-prepared for a successful career in senior management. Students have the option to apply for MBA without GMAT in some universities.The course provides students with the knowledge and skills to develop their leadership skills and be able to think analytically and strategically in order to make informed decisions. 

    Know Your Author
    Photo of Rohit
    Rohit Rajaram
    Study Abroad Expert
    Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
    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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