How to apply for MBA in Australia? Cost, Requirements, Programs

How to Apply for MBA in Australia?

Studying MBA courses in Australia can be a life-changing experience. However, the MBA admission process can be complex and competitive. Here is the step-by-step process to apply for an MBA in Australia for Indian Students.

Research for Universities

As is the case with any program, the aspirant needs to first research the universities offering MBA courses in Australia. One should make sure to keep his specialization in a priority while searching for a course as at the end of the day it is his choose that will matter the most. The entire process of applying to MBA in Australia for Indian students takes around 10-12 months. Generally, the sessions start in February. Ideally, it is better to start researching for universities at least from April-May of the previous year.

Research MBA Courses in Australia

Before we look at the best colleges for MBA in Australia for Indian students, here are some important details of the MBA program offered in Australia. The total MBA Australia cost may vary widely from Rs 22,23,000 to 54,23,000 per annum depending on the university.

MBA Degree Australia:

Top MBA colleges in Australia

Here is the list of the top ten business schools in Australia. Prospects are encouraged to visit the official websites of the following universities respective universities to know the latest MBA fee structure in Australia.

However, an MBA in Australia for Indian students fees can be covered with the help of various scholarships offered by universities for doing an MBA in Australia such as the Monash MBA International Women in Leadership Scholarship, Kraft Heinz Scholarship by Melbourne Business School etc.

Best Universities for MBA in Australia:

• University of Melbourne, Melbourne Business School

• Monash University, Monash Business School

• Macquarie University, Macquarie Business School

• University of New South Wales Business School

• University of Queensland, UQ Business School

• University of Western Australia, UWA Business School

• University of Wollongong, Sydney Business School

• Australian National University, ANU College of Business and Economics

• University of South Australia, UniSA Business School

• University of Technology Sydney, UTs Business School

Cost of MBA in Australia

MBA in Australia cost though is on the higher side for many universities, and it is possible to get scholarships. For example, the Monash MBA International Women in Leadership scholarship funds 100% of tuition fees for MBA from Australia. Part-time work and internships are other ways of funding an MBA from Australia.

The University of Sydney funds 30% of tuition fees to cover the MBA in Australia Cost. Another way MBA colleges in Australia help students with MBA costs in Australia is through high return on investment. The average salary of a graduate with an MBA from Australia is Rs 1+ crore per annum.

MBA Australia cost:

Top Specializations for MBA in Australia

Apart from a full-time MBA, many MBA courses in Australia fetch great career opportunities as well as lay a foundation for a solid management future. The cost of an MBA in Australia for different courses and different universities can be obtained from the official websites of respective universities, which keep changing every year.

Specialised MBA Courses in Australia:

MBA Admissions in Australia

The admission requirements to study in Australia include the MBA program requiring 60% marks at the undergraduate level, a minimum of 2 years of work experience and required scores in English language proficiency scores.

Entrance exam for MBA in Australia

• Applicants will be required to give the GMAT exam as a good GMAT score is a prerequisite for admission to some of the best MBA colleges in Australia.
• Applicants will have to give an English language proficiency test such as IELTS and submit scores as part of the application process for MBA colleges in Australia.

Application Requirements for MBA in Australia

The following are the MBA in Australia requirements:

• Applicants must have completed a bachelor’s degree in any field from a recognized university.
• MBA Australia requirements mandate a minimum IELTS score of 6.5 or equivalent.
• Though it is not mandatory to have work experience, three years of work experience definitely gives you an edge over other applicants when applying for MBA from Australia.

Besides work experience, many business schools in Australia also accept GMAT scores. However, GMAT scores are not always necessary for admission to MBA courses in Australian business schools. Even though some schools accept GMAT score, it is given a low weightage compared to work experience.

How to apply for MBA in Australia?

Here is the step-by-step process to apply for an MBA in Australia for Indian students:

• Research for Universities: As is the case with any program, the aspirant needs to first research the universities offering MBA courses in Australia. One should make sure to keep his specialization in a priority while searching for a course as at the end of the day it is his choice that will matter the most. The entire process of applying to Australia takes around 10-12 months. Generally, the sessions start in February. Ideally, it is better to start researching for universities at least from April to May of the previous year.
• Check deadlines: Once the universities have been shortlisted, the applicant should check the individual deadlines of the universities so that he/she can prepare the application package accordingly. As mentioned above, the sessions in Australia usually start in February, so the application period is between September and November.
• Meet requirements to apply for MBA in Australia: These include a graduate degree, and required GMAT and IELTS scores. Applicants will also need to have work experience.
• Interview: Most of the business schools in Australia conduct a separate interview round for students whose applications have been shortlisted. An interview is basically a conversation where the candidate is asked about his background and why he intends to join the particular MBA programme. The candidate will also be asked about his previous work experience.

Application package for MBA in Australia

• Personal statements: Many business schools in Australia require more than one personal statement. A personal statement or statement of purpose has to be written by the candidate and should reflect his intention for joining the institution as well as goals in life.

• Recommendation letters: Letters of recommendation are statements that reflect the candidate's potential from the point of view of a third person who is required to apply for an MBA in Australia. Most universities require at least two to three recommendation letters. Since universities in Australia usually require work experience, it is advisable to have the reference letters written by someone the candidate has worked under in his previous organisation.

• Resume: Some universities require the candidate to submit a CV along with the application. It should contain basic information like date of birth, academic qualifications and achievements. The CV should also reflect the candidate’s work experience with relevant proof.

• GRE/TOEFL/GMAT/IELTS score proofs besides reporting the test scores officially.

• Academic Transcripts for the qualifications listed in the application form.

• Work experience certificates, if applicable

• Photocopies of the applicant's passport

• Certificates for extra-curricular activities are mentioned in the application form.

MBA in Australia Without Work Experience and GMAT

While work experience can be a significant addition to a candidate's profile when applying to an MBA from Australia, it is possible to study MBA in Australia without GMAT and work experience. Some universities like James Cook University, RMIT, and the University of Tasmania offer MBA admissions to candidates considering their academic profile and standardised test scores.

Such candidates must show a minimum academic standing of 55-60% in their bachelor's degree, and an IELTS score of 6.5 though IELTS 7.0 gives better chances of admission. Candidates must send a statement of purpose that conveys the intention and motivation to study MBA can be a game changer.