MBA in Australia - CareerCarta

All about MBA in Australia

Confused on whether MBA in Australia will be right thing for you? What will be my future prospects? Is it really worth it doing from Australian university? It is understood that an MBA aspirant has multiple options – Australia, USA, Canada, and UK. But how to select the right destination. Major deciding factors would be the ease of study VISA process, jobs prospects, possibility of getting a PR in the country, how much time you will get for job search post your studies.

Here’s an exhaustive piece of information which can help you answer the above dilemma. Take a deep dive and evaluate your decision!

MBA in Australia: Whether Australia is right place for higher education?

Of course yes! It is one of the most popular countries for higher education. Well, it has lot to offer to student community in terms of quality education, multicultural society, lifestyle, student support services. The international student numbers have been increasing since last 3-4 years.

As per Times Higher Education World University Rankings 2020, Australia boasts to have six universities in Top 100 global universities rankings. It gives you a good reason to think beyond Harvard, Oxford, Stanford, and USA as a destination. In addition as per U21 Ranking of National Higher Education Systems Australian education system is ranked 8^th globally.

Moreover Australia is a strong economy. It has seen consistent economy growth and that helps nurture strong job prospects post MBA.

Language no barrier

In various other destinations you might be required to learn a foreign language in addition to your regular coursework. For example, in Germany you are at good position to bag a job only if you know German. Same is with Canada, in Quebec/Montreal you are expected to be well verse with French.

But here in Australia, English is the common language.

MBA in Australia

MBA in Australia: What B-Schools should I consider? What will it cost me to do an MBA in Australia?

Basis various rankings and our advisory research team, below is the list of top schools that you can consider for an MBA in Australia. While you consider a business school, also do factor in what duration of MBA you are looking at. Are you alright to take a 12 months break or 24 months break from your regular earning and pursue an MBA? Evaluate your opportunity costs wisely.

The fees for Australian MBA ranges from as low as $40,000 to $90,000. Our team has collated below duration, indicative fees for your ready reference. Also you will find below scholarship links to check out what opportunities you have in terms of securing funding for the program.

B-School/University Name	Program Tenure	Indicative Fees	Scholarships
Melbourne Business School	12 -24 Months	$89,500	https://www.mbs.edu/degree-programs/scholarships
UNSW Business School	16 Months	$88,350	https://www.business.unsw.edu.au/students/scholarships
Monash University	24 Months	$88,000	https://www.monash.edu/study/fees-scholarships/scholarships
Macquarie University	18 Months	$44,000	https://www.mq.edu.au/study/international-students/scholarships
University of Western Australia	12 Months	$59,700	https://www.uwa.edu.au/study/fees-and-scholarships/find-a-scholarship
University of Sydney	18 Months	$51,300	https://sydney.edu.au/business/study/mba/full-time-mba.html
University of Technology Sydney	24 Months	$83,904	https://www.uts.edu.au/scholarship/mba-scholarship-outstanding-students-commencing
University of Queensland	12 Months	$80,808	https://business.uq.edu.au/study/scholarships
La Trobe University	18 Months	$60,000	https://www.latrobe.edu.au/international/fees-and-scholarships
Australian National Univerity	18 Months	$47,880	https://www.anu.edu.au/study/scholarships

*Above information is indicative and can be verified on respective websites

MBA in Australia: Eligibility Requirements

B-School admission requirements are more or less common across Australia. You can refer to respective school or university website for exact requirements.

MBA in Australia: Employment Opportunities

Possibilities of PR in Australia after MBA

Primary objective of international students going Australia is also to apply for a permanent residency as Australia also offers a good quality life as well. After MBA degree, graduates can definitely apply for Australian PR.

VISA 485

This type of visa is a provision for MBA graduates to have a temporary visa under Post-Study work-stream. It makes sense to graduates qualified in degrees relevant to schedule 1 of skilled list. Graduates with 2 years of coursework are eligible in this type. They are issued a temporary visa under 485. Research oriented programs get a 3 year visa.

Secondly, you may go for a 4 years renewable temporary visa under 457. After 2 years of working with the VISA, you may apply for employer nomination scheme. Alternately, you may also apply for regional sponsored migration. This is a region specific visa wherein a regional employer is the sponsor.

General Skilled Migration (GSM)

Another route for applying to a PR post your MBA is GSM.

Skilled Independent Subclass 189 (no requirement of nomination or sponsorship by anone)
Skilled Nominated Subclass 190 (requires nomination by Government of Australia)
Skilled Work Regional Subclass 491 (requires nomination by state / government/relative)
Graduate temporary Subclass 485 ( for graduates of 2 years study program)
Recognized Graduate Subclass 476 (for engineering students)
Skilled regional subclass 887 (2 years regional visa & to minimum work 12 months in that region)

*Rules may get updated time to time. You may verify from official website.

It is purely a point based system. Just a degree in Australia does not guarantee a permanent VISA. More advanced the qualification, higher points you get in the application process. Applicants with higher IELTS or proficiency receive better points. For example, IELTS 7 Band is called a PROFICIENT or IELTS 8 band achiever will be called as Superior. It leads to point difference of 10 points between the two.

And most important, here age is not just a number when it comes permanent residency visas. It has a lot of impact on the visa points system. Younger the better! If you are in the right bracket, you can attain up to 30 poiI hope you can now make an informed decision on Why Australia fits into your MBA plan.

For Professional Guidance on MBA from any foreign destinations, GMAT Prep, IELTS Prep, write to us at connect@careercarta.com

We are a platform that connects aspiring candidates with experts who have aced the admission process at the top universities of the world. We offer highly personalized programs at the most affordable market beating prices. You can fill the form below for any help or guidance with your application in general or scholarships in particular. Alternatively you write to us at connect@careercarta.com or call whatsapp on +91-7838146326/+91-8287291076

To read more about scholarships click here: Australia Scholarships

To read more about scholarships click here: Scholarships

To read more about Knight Hennessey scholarships for Stanford University click here: Knight-hennessy-scholars-stanford-university

To read more about Reliance Dhirubhai fellowship for Stanford University click here:Reliance-dhirubhai-fellowship-standford-university

To read more about Canada scholarships click here:https://careercarta.com/canada-scholarships/