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Australia is the residence of some of the best business schools and universities in the world, making it a famous nation for international MBA candidates. Apart from the standard two-year program, you also have the option to speed up your graduation with a one-year MBA.
Program |
Course |
Duration of the Course |
Eligibility |
Entrance Exam |
Tuition Fees |
Jobs |
Average Salary |
Postgraduate |
Business Administration |
Around 1 year |
UG (at least 65 percent), GMAT / GRE, IELTS or equivalent, resume, 2 reference letters, interview, and 2 years work experience |
GMAT or GRE and IELTS or equivalent |
Between 2267790 and 5111878 INR (based on top 5 universities) |
Business Development Manager, Employee Relations Manager, Organizational Development Manager, etc |
107600 AUD (based on 9 jobs) |
S.NO |
University Name |
QS World Ranking |
City |
1 |
The University of Melbourne |
33 |
Parkville |
2 |
The University of Western Australia |
93 |
Perth |
3 |
Australian National University |
27 |
Canberra |
4 |
The University of Queensland |
50 |
Brisbane City |
5 |
The University of Newcastle |
197 |
Callaghan |
Your cost of studying for one year MBA in Australia includes your living expenses and other charges. An estimate would be between 2300000 and 5200000 INR for the top universities.
S.NO |
University Name |
Course |
Duration |
1 |
The University of Melbourne |
Full-Time MBA |
Up to 2 years |
2 |
The University of Western Australia |
Master of Business Administration (MBA) Intensive |
Between 12 and 18 months |
3 |
Australian National University |
Master of Business Administration |
1.5 years |
4 |
The University of Queensland |
Master of Business Administration |
1 year |
5 |
The University of Newcastle |
Master of Business Administration (MBA) |
1.5 years |
According to the Department of Home Affairs (DHA), Australia, the collective yearly expense of living for an overseas student in the Australian subcontinent is around 14432 AUD. The amounts include various brackets such as accommodation, meals, books, supplies, transportation, personal expenses, etc. Below we have given the different types of accommodations and amounts associated with them.
Categories |
`Amount in AUD |
Hostels and guesthouse |
Between 4680 and 7800 per year |
Shared rentals |
Between 4940 and 11180 per year |
On-campus |
Between 5720 and 14560 per year |
Homestay |
Between 12220 and 16900 per year |
Rental |
Between 9620 and 22880 per year |
Name of the University |
Exam Name |
Minimum Band Requirement |
The University of Melbourne |
GMAT, IELTS |
560, 6.5 (with no band less than 6.0) |
The University of Western Australia |
GMAT, IELTS |
650, 7.0 (at least 6.5 in reading and writing) |
Australian National University |
GMAT, IELTS |
600, 6.5 (with no band less than 6.0) |
The University of Queensland |
GMAT, IELTS |
550, The University of Queensland |
The University of Newcastle |
IELTS |
6.5 (with no band less than 6.0) |
S.NO |
Scholarship Name |
Description |
Eligibility |
Amount in AUD |
1 |
Kraft Heinz Scholarship |
This scholarship is awarded by the Kraft Heinz Group |
Submit a scholarship application form |
12000 |
2 |
AGSM Global Reach Scholarship |
This scholarship is awarded by the University of New South Wales |
Excellent academic profile |
77760 |
3 |
Monash MBA International Women in Leadership Scholarship |
This scholarship is awarded by the Monash University |
For females only and outstanding academic profile |
10000 |
The Post Study Work Permit allows you as an overseas student to stay, work or look for a job in Australia after graduating. Depending on your qualification and area of study, you can be allowed a duration between 18 months and six years. There are three categories of this visa.
Since a one-year MBA is recognized worldwide, you can get a job opportunity anywhere on earth after graduating with Australia's one-year Master in Business Administration degree. Students are usually provided designations in managerial jobs after a one-year MBA, with finance being the highest paid industry in the world with an approximate average annual salary of 97100 AUD, followed by the tech and consulting sectors.
Job Profile |
Salary in AUD |
Business Development Manager |
111000 |
General Manager |
108000 |
Assistant BD Manager |
95400 |
Manager |
122000 |
Accounting Manager |
135000 |
Financial Manager |
135000 |
Project Manager |
89000 |
Employee Relations Manager |
80000 |
Organizational Development Manager |
93000 |
You must follow these essential steps to pursue the best one-year MBA program in the Australian subcontinent.
Step 1: You need to narrow down on which specific course and program you wish to pursue in which university.
Step 2: Check if your qualifications match the university's criteria for your chosen program. You can only proceed if you qualify; otherwise, you need to change the university, unfortunately.
Step 3: You must gather all the documents and evidence necessary to fill out the application form. Here's a general checklist for your reference.
Step 4: Note that it is essential for you to prove your English language proficiency in reading, writing, listening, and speaking because English is Australia's mother tongue and the universities and colleges teach all courses in the English language only.
Step 5: Fill out the application form with your required academic and personal credentials.
Step 6: We recommend you double-check your information before submitting it. It takes time for application processing, and an incorrectly filled application will reject your application or penalize you at worst. So ensure you type incorrect data about your personal, employment, educational, financial status, etc.
Step 7: The last step is to pay your application fee and submit your application after ensuring that all information is correct.
Step 8: Done.
Suppose you wish to get into one of Australia's top universities for a one-year MBA. In that case, AECC is with you from your graduation application. Our experts will help you reach your study abroad dreams today. Contact us now.
Emory University's Goizueta Business School is one of just a few US business institutions that offers a one-year MBA programme. USC Marshall Business School, Cornell Johnson Graduate School of Management, and Kellogg School of Management are among the others. However, the majority of elite colleges in the United States only offer two-year degrees.
Yes, it is worthwhile to study in Australia since Australia is one of the top five worldwide nations that provide globally recognised MBA degrees. Furthermore, MBA admissions in Australia are competitive, but it is worthwhile to gain admission because of the excellent internship and placement options.
The average cost of an MBA in Australia remained nearly steady from 2021 to 2022, at $57,353, compared to $57,306 in 2021.
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