MBA In Finance In Australia

Pursuing MBA from a recognised, well-known global nation keeps you ahead of other students. As per the QS World Ranking 2022, some Australian business schools are among the top 100. A finance specialisation in the degree gives you extensive training in accounts to help you progress financial data. Organisations seek MBA in Finance graduates to assist them with their financial decisions and business expenditures.

MBA In Finance In Australia: Course Highlights

Program

Postgraduate

Course

MBA in Finance

Duration of the Course 

Between 1 and 2.5 years (based on top 6 universities)

Eligibility

Undergraduate (at least 65 percent), IELTS (6.0-6.5) / TOEFL (60-90), GMAT – 590 (if asked), and 2-3 years of work experience

Entrance Exams

IELTS (6.0-6.5) / TOEFL (60-90), and GMAT – 590 (if asked)

Tuition Fee

Between 1500949 and 1965236  INR (based on top 6 universities)

Jobs

Case Manager, Business Analyst, Risk Manager, etc.

Average Salary

101233 AUD (based on 4 jobs)

Why MBA In Finance In Australia?

  • You will create a network with your professors, colleagues, and classmates you will contact during your course and internship. It can later link you with opportunities and provisional offers throughout your career.
  • An MBA from Finance in Australia will help you make a career worldwide.
  • You will explore different career opportunities in the top finance companies and get maximum exposure to live and work within different cultures and atmospheres.
  • Business schools in the Australian subcontinent focus on interdisciplinary and comprehensive learning. The schools give their 100 per cent to encourage the all-around expansion of overseas students by concentrating on personal and leadership talent and evolving communication, which ignite creativity within students.
  • After you have decided to pursue an MBA in Finance, which will train you in the skills and knowledge of what it takes to accomplish a business, you will get a future sporting chance to work in executive-level designations and get a drastically higher income. 

Top Universities In Australia For MBA In Finance

S.NO

University Name

QS World Ranking

City

1

The University of South Australia

326

Magill

2

Western Sydney University

494

Milperra

3

The University of Newcastle

197

Callaghan 

4

Victoria University

Between 701 and 750

Melbourne 

5

Curtin University

193

Perth

6

The University of Tasmania 

303

Hobart

Cost Of Studying MBA In Finance In Australia

The cost of studying MBA in Finance in the Australian subcontinent includes your tuition fees and the cost of living. The estimated cost of living per month in Australia is 19500 AUD, while the tuition fee falls between 45000 and 822000 AUD.

MBA Finance In Australia Fees

S.NO

University Name

Course 

Duration

Tuition Fees in INR

1

The University of South Australia

MBA (Finance)

1.5 years

1965236

2

Western Sydney University

MBA / Master of Applied Finance

2.5 years

1733775

3

The University of Newcastle

Master of Business Administration – Applied Finance

 

1500949

4

Victoria University

Master of Finance

2 years

191064 (per unit)

5

Curtin University

Master of Finance

1 year

1637696

6

The University of Tasmania 

Master of Finance

2 years

1962506

Cost Of Living In Australia

The average estimated living expenses for an overseas student in Australia is 19500 AUD. These brackets include but are not limited to meals, books, supplies, transportation, accommodation, personal costs, etc.

Categories

Amount in AUD

Accommodation 

Between 90 and 440 per week

Food

Between 140 and 280 per week 

Transportation

Between 30 and 60 per week

Phone & internet

Between 15 and 30 per week

Entertainment  

Between 80 and 150 per week

Eligibility For MBA In Finance In Australia

  • To apply for MBA in Finance in Australia, you need to hold a relevant bachelor's degree from a recognised university or college with at least 65 per cent.
  • You must write a standard exam and submit your obtained scores to prove your English language proficiency. The IELTS minimum is between 6.0 and 6.5, and for TOEFL, it is between 60 and 90.
  • Some universities may ask for GMAT scores. The set minimum is 590.
  • Additionally, you must have 2 to 3 years of work experience before applying. 

Exams Required To Study MBA In Finance In Australia

Name of the University 

Exam Name

Minimum Band Requirement

The University of South Australia

IELTS

6.5

Western Sydney University

IELTS

Between 6.0 and 7.0 (depends on the course)

The University of Newcastle

IELTS

6.5 (no band less than 5.5)

Victoria University

IELTS

6.5 (no band less than 6.0)

Curtin University

IELTS

6.5 (no band less than 6.0)

The University of Tasmania 

IELTS

6.5 (no band less than 6.0)

Scholarships To Study MBA In Finance In Australia

S.NO

Scholarship Name

Description 

Eligibility

Amount in AUD

1

Monash MBA International Women in Leadership Scholarship

This Scholarship is awarded by the Monash University

Female student at the university, and Australian / Australian Permanent Residency  Visa holder or Permanent Humanitarian Visa 

23113

2

MBA (Intensive) International Prestige Scholarship

This Scholarship is awarded by the University of Western Australia

NA

100 percent tuition fees waived off

3

Adelaide MBA Scholarship

This Scholarship is awarded by the University of Adelaide

NA

25 percent tuition fees waived off

4

MBA Student Scholarship

NA

Depends from university to university

25 percent tuition fees waived off

5

AGSM Global Reach Scholarship and AGSM Excellence Scholarship

This Scholarship is awarded by the University of New South Wales

A member passport from a listed country, submit an application form, and enrolled in MBA at the university

Variable

Jobs after MBA In Finance In Australia

As per the stats of the Australian national government's database, the job vacancy postings for Finance MBA degree holders are more than 6000 yearly. Furthermore, the employment rate of MBA in Finance majors is estimated to increase from 6.9 per cent to 7.2 per cent in the coming five years. Below are the top 4 jobs for Australian MBA in Finance graduates and the salaries associated with these brackets.

Job Profile

Salary in AUD

Case Manager

80412

Business Analyst

94000

Risk Manager

139896

Management Consultant

90624

Top Recruiters

  • Woolworths.
  • Telstra Corporation Ltd.
  • Barclays.
  • Westpac Banking Corp.
  • JP Morgan.
  • HSBC Global Asset Management.
  • Allianz Global Investors.
  • Fidelity Investments.
  • Commonwealth Bank of Australia.
  • ANZ Banking Corp.

How To Get Admission For MBA In Finance In Australia?

Please follow these steps to apply for MBA in Finance in Australia. Please note that this is only indicative and may vary slightly per your university selection.

Step 1: The first step is to research some best universities which offer MBA in Finance degrees in Australia.

Step 2: After you have decided on the course, you need to select the university or college that offers it. You also need to choose a potential company that best matches your needs.

Step 3: Overseas students generally apply to Australian universities and colleges online or by post. You can obtain application forms from the university's official website or request the application in your mailbox. When filling these forms with your personal and academic information, you will need these documents.

  • Your previous academic transcripts.
  • Your GMAT scores (if asked).
  • Your IELTS or TOEFL scores.
  • Your undergraduate certificates.
  • Your updated CV or resume.
  • Your Statement of Purpose (SOP).
  • Your Letter of Recommendation (LOR).
  • Proof of funds (bank statement).

Step 4: After proceeding with the application form in your desired university, you must prepare well for the interview rounds with the institution.

Step 5: If your application is approved, you will receive an offer letter and an acceptance form. However, before accepting the offer, we strictly advise you to read the letter and check the applicable conditions carefully.

Step 6: After accepting an offer letter (if you agree with the conditions) from the applied university, you need to wrap it up and prepare for departure to Australia and apply for a student visa.

Step 7: Done.

FAQ

Do we get Jobs for MBA Finance in Australia

Yes, we do get jobs for MBA in Finance in Australia. Graduates in this degree can get employed as case managers, business analysts, risk managers, and management consultants for leading companies.

How much does it cost to study MBA in Finance in Australia?

The cost to study MBA in Finance can be anywhere between 64500 AUD and 841500 Australian dollars.

AECC Global is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey of fulfilling your dream.


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