MBA in Project Management in Australia is a one or 2-year course that one can pursue part-time or full-time. Australian universities also offer Master of Project Management and Master of Applied Project Management. To date this degree from an Australian university, you will need an undergraduate degree with at least 60 to 70%. Top universities may also ask you for GMAT scores.
Pursuing this qualification from Australia can cost between 47000 and 96000 Australian dollars (around 50 Lakh yearly). This cost may change slightly depending on your chosen university and the scholarships. Furthermore, you can earn up to 142000 AUD per year after graduation. Healthcare, ICT, and construction are the highest-paying industries for project management experts in Australia.
MBA in Project Management in Australia: Course Highlights
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Program
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Postgraduate
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Course
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MBA in Project Management
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Duration of the Course
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Between 1 and 2 years (based on top 10 universities
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Eligibility
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UG degree, GMAT (if asked), and TOEFL or IELTS
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Entrance Exams
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TOEFL or IELTS and GMAT (if asked)
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Tuition Fees
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Between 1991583 and 2918812 INR (based on top 10 universities)
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Jobs
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Project Management Consultant, Project Management Specialist, Director of Project Management
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Average Salary
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173803 AUD (based on 6 jobs)
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Why MBA in Project Management in Australia?
- Australia has one of the world's largest job markets for project managers.
- As per the Earning Power: Project Management Salary Survey, project management professionals in Australia earn the third-highest salary in the world and leave behind nations such as the UK, Germany, and Canada.
Top Universities For MBA in Project Management in Australia
1. University of Sydney- City: Sydney
- Program: MBA with a specialization in Project Management
- QS Rank 2024: #19
- Duration: 1.5 to 2 years (full-time)
2. University of Melbourne- City: Melbourne
- Program: Master of Business Administration (MBA) - Project Management
- QS Rank: #14
- Duration: 2 years (full-time)
3. Australian National University (ANU)- City: Canberra
- Program: MBA with a focus on Project Management
- QS Rank: #34
- Duration: 2 years (full-time)
4. Monash University- City: Melbourne
- Program: MBA with elective courses in Project Management
- QS Rank: #42
- Duration: 2 years (full-time)
5. University of Queensland- City: Brisbane
- Program: MBA with Project Management electives
- QS Rank: #43
- Duration: 1 year (accelerated full-time)
6. University of New South Wales (UNSW)- City: Sydney
- Program: AGSM MBA with courses in Project Management
- QS Rank: #19
- Duration: 16 months (full-time)
7. University of Western Australia - City: Perth
- Program: MBA Flexible with Project Management specialization
- QS Rank: #72
- Duration: 1.5 to 2 years (flexible)
8. Macquarie University
- City: Sydney
- Program: MBA with a focus on Project and Program Management
- QS Rank: #214
- Duration: 2 years (full-time)
Cost of Studying MBA in Project Management in Australia
1. University of Sydney
- Course: MBA in Project Management
- Duration: 1.5 to 2 years full-time
- Fees: Approximately AUD 60,000 to 70,000 per year
2. University of Melbourne- Course: Master of Business Administration (Project Management)
- Duration: 2 years full-time
- Fees: Around AUD 85,000 to 90,000 per year
3. Australian National University (ANU)- Course: MBA with a focus on Project Management
- Duration: 2 years full-time
- Fees: Approximately AUD 45,000 to 55,000 per year
4. Monash University- Course: MBA specializing in Project Management
- Duration: 2 years full-time
- Fees: About AUD 80,000 to 85,000 per year
5. University of Queensland
- Course: MBA in Project Management
- Duration: 1.5 years full-time
- Fees: Around AUD 76,000 to 82,000 for the entire program
Cost of Living in Australia
Living in Australia offers a unique blend of high-quality life and diverse cultural experiences, but it's essential to understand the cost of living, which varies depending on the city and lifestyle. Here's a breakdown:
1. Housing Expenses in Australia:- City Life: Monthly rent in cities like Sydney and Melbourne, ranges from INR 90,000 to 120,000.
- Suburban Living: More affordable options in smaller cities, around INR 60,000 to 80,000.
2. Utility Bills:
- Average monthly costs for electricity, heating, and internet: INR 7,000 to 15,000.
3. Grocery and Dining Costs: Monthly grocery budget: INR 15,000 to 25,000.
- Additional costs for eating out and socializing.
4. Transportation Expenditure: Public transport costs: INR 6,000 to 10,000 per month.
- Owning a car: Additional expenses to consider.
5. Healthcare in Australia:
- Monthly premiums for private health insurance: INR 3,000 to 7,000.
6. Leisure and Entertainment:
- Budget for movies, sports, and dining: INR 10,000 to 20,000 per month.
Eligibility For MBA in Project Management in Australia
- To pursue an MBA in Project Management in Australia, you need to hold an undergraduate degree in Project Management, commerce, or related discipline with a minimum of 60 to 70%.
- You must prove your English language proficiency with IELTS or TOEFL scores. The minimum criteria for it vary from university to university.
- Some top universities in Australia may ask for GMAT scores.
Exams Required To Study MBA in Project Management in Australia
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Name of the University
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Exam Name
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Minimum Band Requirement
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Australian National University
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GMAT
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550
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The University of Sydney
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IELTS
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6.5
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Monash University
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IELTS
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6.5
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The University of Adelaide
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IELTS
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6.5
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The University of Technology Sydney
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IELTS
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7.5
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The University of Wollongong
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IELTS
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6.5
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Queensland University of Technology
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IELTS
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6.5
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Curtin University
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IELTS
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6.5
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RMIT University
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IELTS
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6.5
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The University of South Australia
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IELTS
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6.5
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Scholarships to Study MBA in Project Management in Australia
1. Australia Awards Scholarships
- Description: Funded by the Australian Government, these scholarships aim to promote knowledge, education links, and enduring ties between Australia and its neighbors.
- Eligibility: Applicants from participating countries in Asia, the Pacific, Africa, and the Middle East.
- Amount (AUD): Full tuition fees, living expenses, return air travel, and health insurance.
2. Endeavour Postgraduate Scholarship Awards
- Description: These scholarships provide financial support for international students to undertake a postgraduate qualification at a Masters level in Australia.
- Eligibility: Open to postgraduate applicants from eligible countries.
- Amount (AUD): Up to 15,000 per semester, up to 2 years for a Masters.
3. University of Sydney International Scholarships
- Description: Offered by the University of Sydney, these scholarships support high-achieving international students.
- Eligibility: International students applying for Masters by coursework programs.
- Amount (AUD): Ranges from 5,000 to 40,000 towards tuition fees.
4. Monash University International Merit Scholarships
- Description: Aimed at rewarding outstanding academic achievement, these scholarships are offered by Monash University.
- Eligibility: International students with a high academic record.
- Amount (AUD): 10,000 per annum for the duration of the degree.
5. Australian Government Research Training Program (RTP) Scholarships
- Description: Funded by the Australian Government, these scholarships are aimed at supporting postgraduate research.
- Eligibility: Open to domestic and international students undertaking a Masters by research degree.
- Amount (AUD): Covers tuition fees and provides a living stipend.
6. University of Melbourne Graduate Research Scholarships
- Description: Offered to high-achieving students undertaking graduate research at the University of Melbourne.
- Eligibility: Both domestic and international students applying for a research Masters.
- Amount (AUD): Full fee offset and up to 110,000 including a living allowance.
Career after MBA in Project Management in Australia
1. Project Manager
- Role: Overseeing projects from conception to completion, ensuring they meet objectives within time and budget constraints.
- Responsibility: Planning, executing, and closing projects, managing teams, and communicating with stakeholders.
- Salary (AUD): Approximately 80,000 to 150,000 per annum.
2. Program Manager
- Role: Managing a portfolio of projects, aligning them with business strategy and goals.
- Responsibility: Overseeing multiple project teams, ensuring program coherence, and achieving strategic objectives.
- Salary (AUD): Around 90,000 to 180,000 per annum.
3. Risk Manager
- Role: Identifying, analyzing, and mitigating risks in projects.
- Responsibility: Developing risk management plans, conducting risk assessments, and advising on risk mitigation strategies.
- Salary (AUD): Approximately 70,000 to 130,000 per annum.
4. Consultant in Project Management
- Role: Providing expert advice on project management to improve efficiency and effectiveness.
- Responsibility: Analyzing existing project management processes, recommending improvements, and implementing best practices.
- Salary (AUD): Around 75,000 to 140,000 per annum.
5. Construction Project Manager
- Role: Specializing in managing construction projects from planning to execution.
- Responsibility: Coordinating with architects, contractors, and stakeholders, ensuring compliance with safety and building regulations.
- Salary (AUD): Approximately 80,000 to 160,000 per annum.
6. IT Project Manager
- Role: Managing IT projects, such as software development or system implementation.
- Responsibility: Overseeing project lifecycle, coordinating with IT teams and stakeholders, ensuring technology alignment with business needs.
- Salary (AUD): Around 85,000 to 150,000 per annum.
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 Project Management in Australia?
Step 1: Narrow down your desired Australian university for MBA in Project Management.
Step 2: Go to its official website and click apply now on your selected course page.
Step 3: Fill out an online application form with your personal and academic information. After double-checking, attach all the requested documents and submit them. Here are the credentials you will generally require.
- 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: Pay your application fee. Now all you have to do is wait for your offer letter. If you don't receive it (application rejection), you can either plead your application with the university, apply next year, or apply in the next intake.
Step 5: Done.
Still, have any doubts? Get in touch with AECC. Our experts will answer them and also help you quickly get into your dream university in Australia. Contact us today.
FAQ
Is Australia good for project management?
There are several prospects for project managers, and considering the predicted job statistics in Australia, now would be an excellent time to up-skill and pursue the Masters in Project Management.
Is an MBA worth it for project management?
A project manager with an MBA has greater prospects for development, such as managing larger or more difficult projects. Companies value the degree as well since it prepares employees to be more adaptable.
What qualifications do I need to be a project manager in Australia?
In Australia, being a Project Manager normally requires a tertiary certification in project management or a similar discipline. Employers frequently respect industry certificates.
