MBA in Finance in Australia - Universities & Cost 2024

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MOEC

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Updated On 28 November 2023

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Read Time 7 minutes

Overview

Doing an MBA is a dream of many, and that too from a renowned institute in countries like the UK, the US or Australia. There are many specialisations that students choose to do an MBA in, but doing it in Finance tops it all. And which country is better than Australia to study finance? Many universities offer some of the best MBA in Finance in Australia courses that help students grow personally and professionally.

 

So, if you’re interested in knowing more about it, we have curated the perfect blog for you. In this blog, we will look at the top universities in Australia for MBA, the cost, eligibility criteria and much more. So what are we waiting for? Let’s get this read started, shall we?

 

Top Universities to Study MBA in Finance in Australia

Let us take a look at the top universities in Australia for MBA in Finance for Indian students, as mentioned below.

 

Average Cost of Studying MBA in Finance in Australia

While the MBA fees in Australia may vary depending on the university and program, prospective students can expect tuition fees ranging from AUD 40,000 to AUD 100,000 per year. However, it is vital to research and consider scholarships and financial aid options available to international students, as many universities offer assistance to attract talented individuals from around the world.

 

Let’s take a look at the cost of studying MBA in Australia for Indian students at some of the best universities in the country.

Name of the University 

Average Cost (in INR)

Average Cost (in AUD)

Western Sydney University

18 lakhs

35,016

University of South Australia

23 lakhs

43,800

Bond University

37 lakhs

70,170

Flinders University

20 lakhs

39,400

University of Newcastle

21 lakhs

40,330

University of Tasmania

35 lakhs

67,664

Additionally, if we look at the cost of living in Australia, it generally goes up to 21,000 AUD per year. 

 

Eligibility Criteria to Study MBA in Finance in Australia

Three internationally renowned organisations, AACSB, EQUIS, and AMBA, accredits the business schools offering MBA programmes in Australia. Australian institutions require applicants to meet eligibility requirements, turn in the required paperwork, and pay application fees in order to grant admission to an MBA programme in finance.

 

While the eligibility criteria to study an MBA in Australia for Indian students may differ depending on the university you choose, the general requirements you need to fulfil are given below.

  • Bachelor’s Degree

  • English Proficient Test

  • Work Experience

  • Australia Study Visa

  • Additional Requirements

 

Some common documents you will need to submit are given below.

  • Academic transcripts

  • Updated CV/Resume

  • Certificate of test that includes GMAT, TOEFL, IELTS

  • List of all certificates of the undergraduate degree from prior institutions.

  • LOR

  • GMAT/GRE score (optional)

  • SOP

  • Proof of sufficient funds with the help of a Bank statement (62,222 AUD per year)

 

Scholarships for MBA in Finance in Australia

Australian universities are globally known for their support to international students in the form of various scholarships. These scholarships could even go up to 75% and 100% depending on the profile of the student, simultaneously reducing the financial burden. Let us take a look at a few of these prestigious scholarships to study MBA in Finance in Australia.

Name of the Scholarship 

Details

Eligibility Criteria 

South Asia Excellence Scholarship

10,000 per year

Enrolled in the University of Newcastle

Transformer Scholarship

50% tuition fee waiver

Enrolled in Bond University

Western Sydney International Scholarships

6,000 per year

Academic Merit

Global Scholarships

20% tuition fee waiver

Enrolled in Flinders University

Dean of Business and Economics MBA Merit Scholarship

50% tuition fee waiver

Enrolled in the MBA program of the University of Tasmania

Vice Chancellor's International Excellence Scholarship

50% tuition fee waiver

Enrolled at the University of South Australia; Academic Merit 

Conclusion

In conclusion, studying MBA in Finance in Australia offers excellent opportunities for students seeking a high-quality education and a promising career in finance. Several reputable universities in Australia, such as the University of Melbourne, Australian National University, and the University of Sydney, offer specialised MBA programs in Finance. However, it is recommended that prospective students thoroughly research and consider various universities, their offerings, costs, and available scholarships to make an informed decision that aligns with their academic and career aspirations. Keep the details mentioned in the blog above while applying to study MBA in Finance in Australia. We know you’ll do great, and we wish you luck!

 

We hope you enjoyed reading about how you can study an MBA in Finance in Australia and gained many great insights. If you’d like to know more about how to study in Australia, contact our expert country counsellors at any branch of Meridean Overseas Education Consultants (MOEC), who’ll help you in every step of your study abroad journey.

 

Visit our website for free online counselling, or contact us at application02@meridean.org or 1800-1230-00011 for personalised support.

 

FAQs

Q1. Which universities in Australia offer MBA programs in Finance?

Ans. Several universities in Australia offer MBA programs with a specialisation in Finance. Some renowned institutions include the University of Melbourne, Australian National University, University of Sydney, University of New South Wales, and Monash University.

 

Q2. What is the cost of pursuing an MBA in Finance in Australia?

Ans. The cost of pursuing an MBA in Finance in Australia can vary depending on the university and program. The average tuition fees for an MBA program in Australia range from AUD 40,000 to AUD 100,000 per year. It's important to note that these figures are approximate and may vary between universities.

 

Q3. Are there any scholarships available for international students pursuing an MBA in Finance in Australia?

Ans. Yes, there are scholarships available for international students pursuing an MBA in Finance in Australia. Many universities offer scholarships specifically for international students to attract talent worldwide. These scholarships can partially or fully cover tuition fees or provide living allowances. It's recommended to visit the websites of individual universities to explore the scholarship opportunities they offer.

 

Q4. What are the entry requirements for an MBA in Finance program in Australian universities?

Ans. Australian universities' entry requirements for an MBA in Finance program may vary slightly between institutions. However, common requirements include a bachelor's degree from a recognised university, a minimum GPA (usually around 2.5-3.0 on a 4.0 scale), a satisfactory score on the Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE), professional work experience (typically 2-5 years), and English language proficiency (demonstrated through tests like IELTS or TOEFL).

 

Q5. Can I work part-time while pursuing an MBA in Finance in Australia?

Ans. Yes, international students pursuing an MBA in Finance in Australia can generally work part-time while studying. As of my knowledge, cutoff in September 2021, international students with a valid student visa are permitted to work up to 20 hours per week during the academic semester and full-time during semester breaks. However, checking the latest visa regulations and any restrictions imposed by your specific university or program is advisable to ensure compliance.

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