Updated On 01 September 2023 & Read Time 13 minutes
Australia has emerged as a global education hub owing to its high-quality academic programs and vibrant multicultural environment. However, Master of Business Administration (MBA) programs stand out among its offerings that attract students worldwide. The country is home to several esteemed institutions that provide comprehensive business education and foster leadership skills among students. In this regard, this blog delves into the top 10 MBA colleges in Australia, highlighting their strengths, contributions, and the opportunities they offer to aspiring business professionals. So sit back, relax and enjoy the blog while sipping that hot coffee in your hands.
International students often choose Australia as their top choice for an MBA programme for various reasons. The leading causes are as follows:
Most universities featured below are ranked on the MBA Australia list by QS Global MBA Rankings. UNSW, Macquarie Business School, and Melbourne Business School are the top three MBA schools.
Improves Career Options: The MBA programmes in Australia are designed to meet various demands of international students and expand career options for them.
Choice of Study: Part-time and full-time MBA programmes are both available for international students in Australia. Thanks to this flexibility, students can choose to study whenever it is most convenient for them.
Well-Designed Course: All Australian-designed MBA programmes have been updated to meet the market's demands. In other words, graduates of this programme will be immediately qualified to carry out their work tasks successfully.
MBA is one of the most sought-after programs in Australia. Every year, many students choose to study MBA in Australia, making the country one of the best destinations for business studies. Every year, business schools are ranked by various ranking platforms for their degrees, serving an ultimatum on the top MBA universities in Australia. The QS Global MBA Rankings provide one such accredited ranking, providing the QS Global MBA Rankings. Let’s take a look at which are the top 10 MBA colleges in Australia in 2023. Let’s start then, shall we?
Ranked as the top MBA school in Australia, Melbourne Business School is part of the esteemed University of Melbourne. Its world-class MBA degree, ranked first in Australia by the Financial Times, offers students a chance to gain knowledge about the practical tools for success in the field of study, along with ingraining a better understanding of the business world in them. Melbourne Business School's two campuses provide a variety of postgraduate degrees in management, business analytics, marketing, finance, econometrics, economics, finance, entrepreneurship, and actuarial science for new graduates through seasoned professionals.
Average Fees: AUD 106,650
QS Global MBA Rankings 2023: 27th
Part of the University of New South Wales, the Australian Graduate School of Management is one of the top MBA colleges in Australia. The top-ranked Full-Time MBA programme at the AGSM is taught by executives-in-residence from prestigious government and business institutions and internationally renowned academics. Students are immersed in active learning experiences in addition to being introduced to practical knowledge so they can solve business-related challenges in the real world whenever needed.
The Financial Times' 2021 Global MBA Rankings place AGSM's MBA programme first in Australia and 79th overall. Further, according to the QS 2022 Global MBA Rankings, the programme is 35th globally. Apart from this, the institute is also incredibly well in the categories of thought leadership and diversity, in the top 7% and 5% of the globe, respectively.
Average Fees: AUD$81,720
QS Global MBA Rankings 2023: 31st
Macquarie Graduate School of Management's MBA program stands as a testament to the institution's dedication to producing future business leaders. It is one of the top 10 MBA institutions in Australia, providing students with a fantastic curriculum, educational opportunities, and cutting-edge facilities to help them succeed in their career pathways. Graduates emerge with a comprehensive understanding of business principles and the skills and mindset required to navigate an ever-evolving global business landscape. Overall, Macquarie University continues solidifying its position as a top choice for individuals seeking to enhance their business acumen and make meaningful contributions to commerce.
Average Fees: AUD 60,000+
QS Global MBA Rankings 2023: 82nd
Monash Business School, located within Monash University in Melbourne, Australia, stands as a prominent institution renowned for its excellence in business education and research. With a commitment to fostering innovation, leadership, and global perspectives, Monash Business School has gained recognition both nationally and internationally. Its Master of Business Administration (MBA) program exemplifies its dedication to producing well-rounded, adaptable, and forward-thinking business professionals.
The university’s MBA, an 18-month program, provides flexible study options, catering to full-time students and working professionals. This flexibility enables individuals to balance their academic pursuits with career and personal commitments.
Average Fees: Over 30,397 AUD (per year)
QS Global MBA Rankings 2023: 84th
Ranked in the top 100 universities worldwide and among Australia's top 10 MBA colleges, UQ Business School is a centre of innovation and outstanding research. If you wish to be part of an institute with excellent academic standing, stellar student satisfaction and best-in-the-field programs, then UQ Business School is the one for you. The university is a founding member of the group of eight universities, one of the three Australian members of the global Universitas 21 and a member of the Universities Australia.
As for the MBA program offered by the university, it is ranked as one of the best in the country and is recognised globally. The program lets you work with clients in the industry to find solutions to practical problems or help you with your entrepreneurial endeavours. You will also get to incorporate work projects from your place of employment into your studies for possibilities for applied learning. This stimulating programme will enable you to realise your potential whether you wish to advance your career, change industries, or launch your own company.
Additionally, the University of Queensland Business School boasts strong ties with industry leaders, providing students with networking opportunities, internships, and access to guest lectures by prominent professionals. Further, these connections facilitate the bridging of academic concepts with real-world applications, thereby exceptionally benefiting students.
Average Fees: AUD 91,421
QS Global MBA Rankings 2023: 87th
The University of Western Australia (UWA) Business School stands as a beacon of academic excellence and innovation, fostering the growth of business leaders equipped to navigate the complexities of the modern corporate landscape.
At the heart of the UWA Business School's MBA program is a dedication to producing graduates who are well-versed in traditional business principles, adaptable, socially responsible, and capable of driving positive change. The program's curriculum is carefully curated to integrate the latest industry insights and emerging trends, ensuring that students gain a competitive edge in their careers.
One notable feature of the UWA MBA program is its emphasis on experiential learning. Students are exposed to real-world challenges through case studies, simulations, and collaborative projects, enabling them to develop problem-solving skills and apply their knowledge in practical settings. This approach nurtures a deep understanding of business dynamics beyond textbooks. The UWA Business School also takes pride in its research-oriented environment.
Average Fees: 44,900 AUD (per year)
QS Global MBA Rankings 2023: 111-120 band
With a strong mission to address national and international issues, the Australian National University upholds its values to provide quality education with a strong emphasis on research and fostering critical thinking. It is one of the top 10 MBA colleges in Australia, offering a splendid curriculum, learning opportunities, and state-of-the-art facilities to help students excel in their career paths.
Additionally, ANU’s Master of Business Administration (MBA) programme equips middle managers with the fundamental managerial and business knowledge and abilities needed to advance to senior management positions.
Candidates with the maturity and background from years of professional experience, from holding leadership positions in enterprises to living independently away from their native country and cultural milieu, are most prepared for the ANU MBA Programme. The program's sharing of broad and diverse managerial experience is one of its most vital elements.
Average Fees: 48,035.00 AUD per year
QS Global MBA Rankings 2023: 121-130 band
The RMIT MBA program is designed to provide students with a transformative educational experience that blends theoretical knowledge with practical application. The curriculum reflects a comprehensive understanding of contemporary business challenges and opportunities, integrating core business concepts with real-world case studies.
What sets the RMIT MBA program apart is its emphasis on experiential learning. Students have access to a myriad of resources, including industry partnerships, networking events, and internships, allowing them to gain firsthand insights into the complexities of modern business. The program's faculty comprises respected academics and industry experts who foster a collaborative learning environment, encouraging critical thinking and innovative problem-solving.
Moreover, RMIT University's location in Melbourne, a vibrant and bustling metropolis known for its entrepreneurial spirit, provides an ideal backdrop for students to engage with diverse industries and businesses. The city's dynamic business ecosystem is a living laboratory for MBA candidates to apply classroom theories to real-world scenarios, fostering adaptability and resilience.
Average Fees: AU$48,000 (2024 annual)
QS Global MBA Rankings 2023: 151-200 band
The University of South Australia’s business school is among the top 10 MBA colleges in Australia and is recognised globally for its academic excellence. In the QS Stars Ratings 2022, UniSA Business received a five-star overall rating for excellence, placing it in the top one per cent of all businesses worldwide. The MBA program offered at UniSA is a professional degree programme with a strong practical emphasis on senior management decision-making. The program is aimed at seasoned managers and entrepreneurial leaders in the business world. A diverse group of seasoned professionals who bring a wealth of managerial expertise to the classroom provide opportunities to learn and network.
Studying at UniSA is an experience with many things to look forward to. By enrolling at the institute, you’ll take the course at one of Australia's Top Business schools. You will develop a worldwide perspective through overseas study opportunities, such as the Business in China Intensive School or the European Summer School of Advanced Management (subject to Australian Government travel regulations).
Average Fees: AUD$ 43,800 per annum
QS Global MBA Rankings 2023: 151-200 band
The University of Technology Sydney (UTS) is a renowned business school that has made a name for itself as a significant leader in business education. The UTS Business School offers a cutting-edge Master of Business Administration (MBA) programme that equips students for leadership roles in a constantly changing global business environment. The programme is dedicated to innovation, industry involvement, and experiential learning.
The UTS MBA programme goes beyond conventional classroom instruction by strongly emphasising practical skill development and real-world application. Further, students gain the knowledge and skills to negotiate complex challenges, spur innovation, and make strategic decisions through theoretical underpinnings and practical experiences. Its considerable emphasis on industry relationships and experience learning opportunities is one of the program's unique characteristics. Due to UTS's position in Sydney, a significant centre for business and finance, students have access to various firms and can participate in internships, projects, and networking opportunities.
The UTS MBA faculty comprises eminent academics and business professionals, ensuring students receive a well-rounded education combining modern management theory and practical knowledge. Other than this, smaller class sizes enhance collaborative and dynamic learning environments by encouraging interactive discussions and individualised attention. Incorporating cutting-edge technologies and new business trends into the curriculum demonstrates the UTS Business School's dedication to innovation.
Average Fees: 24,035 AUD (per session)
QS Global MBA Rankings 2023: 151-200 band
Q1. How much does an MBA in Australia cost?
Ans. In Australia, an MBA programme typically costs AUD 60,000 per year. International students may be required to pay anywhere from AUD 16,000 to AUD 126,000 since tuition costs in Australian universities are expected to rise by 3% in the coming years.
Q2. Is GMAT mandatory for MBA in Australia?
Ans. In Australia, you can pursue an MBA without having a GMAT score. Several universities waive the GMAT-related criteria for academically worthy individuals who scored highly in their undergraduate programmes, have relevant job experience, and other accomplishments.
Q3. How many years is an MBA in Australia?
Ans. An MBA programme lasting one to two years is available in Australia through more than 75 programmes at more than 50 universities. To enter the programme, international students must have a GMAT score of over 550 and a minimum GPA between 50 and 70%.
Q4. Who is eligible for an MBA in Australia?
Ans. A minimum academic score of 65% is required of MBA candidates. A crucial need to pass is IELTS or TOEFL. IELTS exam results from applicants from non-English-speaking nations must be strong. An essential requirement for admission to an MBA programme in Australia is the Graduate Management Admission Test (GMAT).
Q5. What is the starting salary after MBA?
Ans. The annual pay for various MBA programmes in India ranges from INR 7,00,000 to INR 12,00,000. According to Payscale, the average MBA salary in India in 2021 was INR 7,71,801.
To conclude, pursuing an MBA in Australia from one of the top 10 institutions can be a transformative educational experience for local and international students. These colleges have consistently demonstrated their commitment to delivering exceptional business education, fostering innovation, and nurturing global leaders. Whether one seeks specialisation in finance, entrepreneurship, or any other business area, the diverse range of programs these institutions offer cater to various interests and career goals.
The Australian MBA experience not only equips students with the knowledge and skills to excel in the business world but also exposes them to a rich cultural mosaic, enabling them to develop a global perspective. As the country continues to grow as an international education powerhouse, these top 10 MBA colleges in Australia play a pivotal role in shaping the future of business leadership both within and globally. We recommend considering these colleges while selecting the perfect institute for your study abroad plans. Research thoroughly and apply to the ones best suited to your requirements. We know you’ll do great. We wish you luck!
We hope you enjoyed learning about the top 10 MBA colleges in Australia and got to learn about these business schools, their average fees, rankings and much more. If you would like to get a deeper understanding or have any questions about how to study in Australia, we encourage you to speak with our team of expert Australia counsellors at Meridean Overseas Education Consultants (MOEC). Our counsellors will provide you with guidance throughout your study abroad journey. Get help with the application process, SOPs, and filing for a visa. Visit us and get one-to-one counselling, or avail yourself of free video counselling via our website. We will be happy to help you, so please do not hesitate to contact us at email@example.com or 1800-1230-00011.