1 Year MBA in Australia

1-year-mba-in-australia

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. 

1 Year MBA in Australia: Course Highlights

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)

Why 1 Year MBA in Australia?

  • Most Australian MBA colleges and universities are certified by EQUIS and AACSB, which offer the best quality education to students.
  • Most of these degrees allow you to do an internship, which will give you enough work experience in the best way possible.
  • You will learn practical and theory lessons in leadership, communication skills, etc.
  • The course is more affordable than a standard two-year MBA.
  • You can complete everything taught in the two-year MBA in just one year.

1 Year MBA Programs in Australia

  • General.
  • Arts Management.
  • Consulting and Strategic Management.
  • Education and Government.
  • Investment/Insurance.
  • Finance/Accounting/Economics.
  • Property Management.
  • Tourism/Hospitality Management.
  • Law.
  • Leadership.
  • Healthcare Management.
  • Transportation Management.
  • Technology Management.
  • Nonprofit Management and Sustainability.
  • Marketing Management.
  • Supply Chain and Operations Management.
  • Industrial Management and Engineering.
  • Supply Chain and Operations Management.
  • Internal Business Management.
  • Resources and Environmental Management.
  • Entrepreneurship.
  • Innovation.
  • Asian Business.
  • International Management/Business.

Top Universities for 1 Year MBA in Australia

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

Cost of Studying 1 Year MBA in Australia

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.

Tuition Fees

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

Cost Of Living in Australia

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

Eligibility Criteria for 1 Year MBA in Australia

  • To be eligible for a one-year MBA in Australia, you need to hold an undergraduate degree in any area with at least 65 percent (some universities prefer business-related sectors).
  • You also need to have an updated resume or CV.
  • You need a minimum of 2 reference letters from your professors or previous employer.
  • You must have the required GMAT or GRE score.
  • Universities will call applicants for an interview – face to face, video call, or phone.
  • Having at least two years of work experience in management or business is mandatory.
  • To prove your English language skills, you must write IELTS or equivalent exam and submit its scorecard because all national courses are entirely taught in English.

Exams Required to Study 1 Year MBA in Australia

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)

Scholarships to Study 1 Year MBA in Australia

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

1 Year MBA in Australia: Post Study Work Permit

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.

  • Subclass 485 – Temporary Graduate Visa – Post-Study Work Stream.
  • Subclass 485 – Temporary Graduate Visa – Graduate Work Stream.
  • Subclass 476 – Skilled Recognized Graduate Visa. 

Jobs Opportunities after 1 Year MBA in Australia

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

Top Recruiters

  • Commonwealth Bank of Australia.
  • ANZ Banking Corporation.
  • Woolworths.
  • Telstra Corporation Ltd.
  • Westpac Banking Corp.
  • Allianz Global Investors.

How to Get Admission for 1 Year MBA in Australia? 

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.

  • Your bachelor's degree.
  • Your GMAT or GRE score sheet.
  • Your IELTS or equivalent score sheet.
  • Your updated resume or CV
  • Proof of at least two years (24 months) of work experience in management or business-related area.
  • At least two reference letters from previous employers or professors.
  • Your Statement of Purpose (SOP).
  • At least 2-3 Letters of Recommendation (LORs).
  • An essay detailing your reasons for one year MBA. You also need to include previous achievements, areas of interest, etc.

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. 

 FAQ

Suppose you wish to get into one of Australia's top universities for a one-year MBA. In that case, AECC Global is with you from your graduation application. Our experts will help you reach your study abroad dreams today. Contact us now.


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