Top business schools in Australia
Updated on Nov 2, 2015 - 2:18 p.m. IST by Team Careers360 #Australia
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Top business schools in Australia:
One of the most popular management study destinations, Australia is home to some of the top-rated business schools of the world which attracts thousands of international students every year.

Business schools in Australia are a significant part of the Australian education sector. According to the Australian Business Deans Council (ABDC), one in every three Australian university student is a business student.

Among the popular management specialisations being offered in Australian B-schools is Sports Management, which makes the country a preferred choice for sports enthusiasts who want to learn the management aspects of sports.

In The Economist league table for the top business schools, three Australian B-schools - Macquarie Graduate School of Management, University of Queensland Business School and Melbourne Business School have marked their presence in the top 50. According to the latest Financial Times global MBA ranking, the other high-ranked Australian business school in the top 100 is Australian Graduate School of Management at University of New South Wales. According to ARWU, there are eight top business schools in Australia.

Careers360 brings you a list of the top business schools in Australia, which MBA students can refer to in order to get information like degrees offered, course duration, tuition fees, when and how to apply, score requirements, etc.

Top business schools in Australia

1. University of Queensland Business School

Located in Brisbane, Australia, the University of Queensland Business School is one of the country’s oldest universities and a member of Group of Eight coalition of leading Australian universities. The UQ Business School is the highest-ranked Australian B-school, placed at the 16th position in the latest global ranking table of the Economist.

Courses Offered:  Master of Business Administration (MBA), Undergraduate courses (Business Management, International Hotel and Tourism Management), Postgraduate Diploma in Business Administration, Business Leadership, Project Management, Technology and Innovation Management, Tourism, Hotel and Event Management.

Duration and Tuition Fees:

Programme

Duration

Tuition Fees

MBA

1 year

AUD$ 66144

When and how to apply for MBA?

To commence study in Semester 1, international students have to apply before October 31 of the previous year via the Online Application Form.

Prerequisites for international application:

  • Proof of residence (certified copy of visa, passport or birth certificate)

  • Certified copy of academic transcripts

  • Resume/CV that includes your full work history, and outlines the major activities you undertake on a daily basis.

  • Four years full-time work experience post-graduation, including at least two of the four years full-time work experience gained while working in a dedicated supervisory/management role as approved by the Executive Dean

  • Statement of personal aims and achievements

  • Two referee reports that are work related.

  • Evidence of residency status.

  • GMAT score

  • TOEFL or IELTS or Pearson Test of English (PTE) score

Exam

Minimum Score Requirement

GMAT

550

IELTS

6.5; reading 6; writing 6; speaking 6; listening 6

TOEFL

87

PTE

64

2. Macquarie Graduate School of Management – Macquarie University

One of the oldest and top-rated business schools in Australia, Macquarie Graduate School of Management (MGSM) is a highly preferred MBA education hub among the international student community. It has received accreditation from the Association to Advance Collegiate Schools of Business (AACSB), an internationally recognized non-profit membership organisation of educational institutions, businesses and other entities involved in the advancement of management education. The MGSM is ranked among the global top 50 management schools by the Economist and the Financial Times.  

Courses Offered:  Master of Business Administration (MBA), Graduate Diploma of Management, Graduate Certificate of Management and Master of Management (MMgmt) for early career professionals.

Duration and Tuition Fees:

Programme

Duration

Tuition Fees

MBA

2 years

$4,750.00

When and how to apply for MBA?

The MGSM has four rounds of application process. Students can elect to enter the program at any of the following entry points throughout the calendar year:

  • Term 1 - January

  • Term 2 - April

  • Term 3 - June

  • Term 4 - September

Prerequisites for international application:

  • Proof of residence (certified copy of visa, passport or birth certificate)

  • Certified copy of academic transcripts

  • Resume/CV

  • Two years of work experience

  • Statement of personal aims and achievements

  • Two referee reports

  • Recognition of prior learning form (Full details below)

  • GMAT/GRE score

  • TOEFL or IELTS score

Exam

Minimum Score Requirement

IELTS

6.5 overall (minimum 6.0 in each band)

TOEFL

90 overall with Writing 22, Speaking 20, Reading 20, Listening 20

3. Melbourne Business School - University of Melbourne

Internationally accredited by the Association of Advance Collegiate Schools of Business (AACSB), Melbourne Business School (MBS) is one of the top 50 B-schools in the world, according to the latest The Economist ranking. Also, the MBS is one of just three Australian business schools in the Global MBA rankings 2015 conducted by Financial Times. The MBS offers an MBA program, specialist Masters programmes, a doctoral program and executive education programs.

Courses Offered: Full-time MBA, Part-time MBA, Executive MBA (EMBA), Master of Business Analytics, MBA/Master of Marketing, Senior Executive MBA (SEMBA), Master of Management Programs, Master of International Business, Specialist Masters, Research Higher Degrees

Duration and Tuition fees:

Programme

Duration

Fees

Full-time MBA

1 year

AU$81,400 total (tuition fees + accommodation)

Part-time MBA

2 years

​$4,095 per subject

When and how to apply for MBA?

The international application deadline for the full-time MBA is around 31st March and the fee payment due date is 31st May.

For Part-time MBA, the school invites applications on a rolling basis. Aspirants need to submit applications at any time prior to the following closing dates:

  • ​January class - closes mid-November

  • ​April class -  ​closes mid-February

  • July class - closes mid-May

  • September class - closes mid-July

Though the school allows late applications, students are advised to apply as early as possible in order to avoid visa delays.

 

International students may apply online.

Prerequisites for international application:

  • A record of your undergraduate grades and grades for any further study (you may apply even if you are awaiting final results as conditional offers can be given).
  • If academic transcripts are not in English, a certified translation is required.

  • A statement of intent of no more than 500 words. It should describe your personal motivation to undertake further study, and can include details of your personal circumstances as well as your life and work experiences. It should emphasise any aspect of your personal history that may enhance your application, including extra-curricular activity, community involvement, work experience, relevant personal characteristics and any outstanding achievements.

  • Written responses to four personal statements

  • GMAT/GRE score if required by the program and you do not qualify for an exemption. The GMAT/GRE score is not mandatory for applicants who have previously completed an undergraduate degree at an Australian or New Zealand University.

  • TOEFL or IELTS score if you are applying from a country where English is not the official language or the language of instruction and assessment.

  • A CV showing two years’ work experience

  • Proof of ID (passport or birth certificate)

  • Two reference letters

Exam

Minimum Score Requirement

GMAT

680 on average

IELTS

6.5 (with no band less than 6.0)

TOEFL (Internet Based Test)

79 with Writing 21, Speaking 18, Reading 13, Listening 13

4. AGSM at UNSW Business School        

A leading business school in the Asia-Pacific region, the Australian Graduate School of Management (AGSM) is part of the University of New South Wales (UNSW) Business School and is ranked in the top 100 of the Financial Times’ Global MBA Ranking 2015.

Courses Offered:  The AGSM offers Postgraduate and doctoral programmes in study areas like Accounting, Actuarial studies, Business law, Business strategy, Business technology, Economics, Finance, Human resource management, Information systems, International business, Management, Marketing, Real estate studies, Risk management, Social impact, Taxation

Duration and Tuition fees:

Programme

Duration

Fees

MBA Full-time

16 months

$77,760

When and how to apply for MBA?

The AGSM has 4 rounds of application for its full time MBA programme. The general deadlines are:

Rounds

Application deadline

Offer sent out

Offer acceptance deadline

Round 1

1st June

30th June

30th July

Round 2

1st August

30th August

30th September

Round 3

1st October

30th October

30th November

Round 4

30th October

20th November

30th December

Candidates are advised to establish high level of excellence and exactness across their entire application in order to be selected as the intake capacity for AGSM MBA program is approximately for 65 students only, which indicates a fierce competition.

 

International aspirants can apply online by paying a non-refundable application fee of $100.

Prerequisites for international application:

  • Proof of residence (certified copy of visa, passport or birth certificate)

  • Certified copy of academic transcripts

  • Detailed Resume/CV

  • Four personal statement essays on the given topics

  • Two years of work experience

  • Two referee reports

  • GMAT score

  • TOEFL or IELTS score

Exam

Minimum Score Requirement

GMAT

Overall: 550 with minimum Verbal 25; Quantitative 35; and AWA 4.0

IELTS

6.5 overall (min. 6.0 in each subtest)

TOEFL

Internet Based Test - 90 overall (min.23 in writing, 22 in reading, listening and speaking)

5. Monash Business School - Monash University

A division of Monash University, the Monash Business School is considered among the best five B-schools in Australia. This is one of the few business schools in the world that enjoys the status of 'triple crown' accreditation of AACSB, EQUIS and AMBA. Monash Business School is the only Victorian university and the only member from the Group of Eight universities with this accreditation.

Courses Offered:  Apart from Monash MBA and Monash Executive MBA, the school offers various postgraduate programmes in study areas like Accounting, Banking and finance, Business, Business administration, Economics, Econometrics and actuarial science, International business, Management and Marketing. PhD Programmes in Accounting, Banking and Finance, Business Law and Taxation, Econometrics and Business Statistics, Economics, Management and Marketing are also available at the Monash Business School.

Duration and Tuition fees:

Programme

Duration

Fees

Monash MBA

2 years

65,400 AUD

When and how to apply for MBA?

The application closing date for Monash MBA Program for International applicants is by first week of December, and the Program commencement date is 30th January of the next year. Applications are processed online.

Prerequisites for international application:

  • An Australian bachelor's degree or an equivalent qualification

  • Certified copy of academic transcripts

  • Detailed Resume/CV

  • A minimum of three years' work experience with at least one year of professional/managerial experience

  • Statement of purpose

  • Two referee reports

  • TOEFL or IELTS score or CAE or Cambridge Certificate of Proficiency in English

  • Candidates will also be invited to a phone interview.

Exam

Minimum Score Requirement

GMAT

Overall: 550 with minimum Verbal 25; Quantitative 35; and AWA 4.0

IELTS

6.5 with no individual band score less than 6 6.5 with no individual band score less than 6

TOEFL

Internet Based Test - overall 79 with Writing 21, Listening 12, Reading 13, and Speaking 18

Cambridge English Certificate in Advanced English (CAE)

‘A’ Grade

Cambridge Certificate of Proficiency in English

‘C” Grade

6. College of Business and Economics - Australian National University ANU

A leading business studies school in Australia, the College of Business and Economics, Australian National University (ANU) is known for its substantial involvement in research with Research School of Accounting (RSA), Research School of Economics (RSE), Research School of Finance, Actuarial Studies & Applied Statistics (RSFAS) and Research School of Management (RSM). The university is among the top 200 of the Academic Ranking of World Universities in Economics / Business.

Courses Offered: The ANU College of Business and Economics offers various graduate courses in the fields of specialization like Accounting, Actuarial studies & statistics, Business information systems, Business & management, Economics and Finance.  The ANU MBA has specializations in Applied Finance, Business Information Systems, Entrepreneurship and Innovation, International Business, Leadership, Marketing, Project Management and Reporting and Governance.

Duration and Tuition fees:

Programme

Duration

Fees

ANU MBA

2 years

$39,024.00

When and how to apply for MBA?

In ANU, most postgraduate degree programs have two intakes rounds, and you can commence in either Semester 1 (late February) or Semester 2 (mid-July) each year. The general international application deadline for Semester 1 is by 15th December.

International students who have completed high school in Australia should apply for admission through the Universities Admission Centre (UAC) International portal, where as those completed, high school outside of Australia need to apply directly to ANU via the ANU Apply Online portal.

Prerequisites for international application:

  • Proof of residence (certified copy of visa, passport or birth certificate)

  • Certified copy of academic transcripts

  • Detailed Resume/CV

  • Relevant work experience

  • Statement of personal aims and achievements

  • Two referee reports

  • TOEFL or IELTS or CAE or PTE Academics score

Exam

Minimum Score Requirement

IELTS

6.5 with at least 6 in each component of the test

TOEFL (Internet based)

80, with a minimum of 20 in Reading and Writing and 18 in Speaking and Listening

Cambridge English Certificate in Advanced English (CAE)

176 overall with at least 169 in all sub skills.

Pearson Test of English (PTE) Academic

Overall 64, minimum score of 55 in each section

7. La Trobe Business School, La Trobe University

The La Trobe Business School is one of the well-acknowledged B-school in Asia-Pacific region especially among the international students community. A big hit in management programmes, the La Trobe Business School offers courses recognised worldwide through global accreditation conferred by Australian Computer Society (ACS), Australian Human Resources Institute (AHRI) and European Foundation for Management Development

Courses Offered: The La Trobe Business School has three departments that focus on areas of finance, accounting, marketing, management, economics, human resources management, sport management, tourism and hospitality, organisational change and many areas of corporate business and finance.

Duration and Tuition fees:

Programme

Duration

Fees

MBA

1.5 years

$39,024.00 (as of 2015)

When and how to apply for MBA?

The La Trobe Business School has two intakes for MBA programme commencing in Semester 1 (March) and Semester 2 (July) each year. Students can commence in either one of these semesters. The international application deadline for Semester 1 is the latter half of the previous year.

Prerequisites for international application:

  • Certified copy of academic transcripts

  • An up-to-date CV with employer details confirming three years managerial experience (Direct Entry) or eight years managerial experience (Professional Entry)

  • Statement of personal aims and achievements of no more than 2400 characters to support your application

  • Two referee reports

  • TOEFL or IELTS or CAE or PTE Academics score

Exam

Minimum Score Requirement

IELTS

6.5 with no band score less than 6.0

TOEFL (Internet based)

minimum score of 80 with minimum overall for SLR 18; W 22

Cambridge English Certificate in Advanced English (CAE)

grade of B or higher

Cambridge Certificate of Proficiency in English (CPE)

a grade of C or higher

Pearson Test of English (PTE) Academic

minimum score of 64 with no communicative skill score less than 59

8. Sydney Business School - University of Wollongong

Established in 1997, the Sydney Business School is a division of the University of Wollongong, Australia. The SBS is one of the top 50 business schools in the Asia-Pacific region, according to the QS World University Ranking 2014. The London-based CEO Magazine has ranked the Sydney Business School’s MBA program as 1st in Australia and 2nd in the Global Top 20 MBAs in its annual MBA Rankings for 2015.

 

Courses Offered: The Sydney Business School, UOW, offers following programmes of study – MBA, MBA Executive, Master of Applied Finance (Corporate Treasury, Financial Services, Investing), Master of Business (Financial Management), Master of Business (Human Resource Management), Master of Business (International Business), Master of Business (Management), Master of Business (Marketing), etc.

 

Duration and Tuition fees:

Programme

Duration

Fees

MBA

1-1.5 years full-time

$50,688

When and how to apply for MBA?

The Sydney Business School has two commencement sessions for MBA programme in February and August respectively. The deadline for international application is one week prior to course commencement date.

Prerequisites for international application:

  • Certified copy of academic transcripts;

  • tThree years' full-time relevant professional or managerial experience for Bachelor’s degree holder or five years' full-time relevant professional or managerial experience for Graduate Diploma or Graduate Certificate;

  • a Statement of Motivation; a one page statement of motivation outlining what the applicant hopes to achieve professionally and personally by completing MBA from SBS; and

  • TOEFL or IELTS score

Exam

Minimum Score Requirement

IELTS

6.5 with no band score less than 6.0

TOEFL (Internet based)

minimum score of 88 with minimum overall for 18 for Reading, Writing, Speaking, Listening.

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