by The global advantage of pursuing an MBA in Australia is that the degree you get upon your graduation opens doors to excellent job prospects in many leading companies. With keeping in mind real-world applications, Australian Universities cater to the needs of both learners and industries. This helps overseas students understand the international business dynamics that broaden their career opportunities.
This article delves into all the aspects of a Master of Business Administration in Australia that will help you understand the curriculum and potential career prospects associated with the degree.
Let us get started!
Why Pursue an MBA from Australia?
Apart from fulfilling your dream to study abroad and land a lucrative career prospect, what are the other reasons to pursue an MBA in Australia? Read on to know:
- According to QS WR 2024, 9 Australian Universities are ranked among the top 100 universities globally, allowing international students to learn in a high-ranked university.
- Depending on the institution, an MBA degree takes 12 to 24 months to complete in the country. However, in the same time frame in Australia, you can choose between a General MBA, an MBA specialization, or an MBA Dual specialization that has the same value in the industries.
- Students can work part-time for 48 hours per fortnight in parallel with their studies to support themselves financially during the academic period.
- The post-study work visa gives overseas students time to get things aligned and look for better job prospects.
Top MBA Universities in Australia:
Have a look at the list of Universities in Australia offering MBA degrees:
- University of New South Wales
- The University of Queensland
- The University of Adelaide
- University of Western Australia
- University Of Technology Sydney
- Deakin University
- Curtin University
- Macquarie University
- Queensland University of Technology
- RMIT University
- Griffith University
- University of Wollongong
- Charles Darwin University
- University of Newcastle
Universities in Australia offer various MBA specializations that international students can finalize according to their interests. Some in-demand MBA specializations include:
- Academic Research
- Accounting
- Artificial Intelligence for Business
- Arts and Cultural Industries
- Business Analytics
- Cyber Law
- Digital Transformation
- Finance
- Financial Planning
- Human Resource Management
- Information Systems
- International Trade and Business
- Leadership
- Management Consulting
- Marketing
- Project Management
- Property and Real Estate
- Supply Chain Management
Cost of Studying MBA in Australia:
The presence of various institutions makes it possible for international students from different backgrounds to study in their dream study destinations. Even though the exact tuition fee depends on the university or college you opt for, the estimation to pursue an MBA in Australia is between AUD 25000 and AUD 91421 per year. Furthermore, the cost of education in Australia will also include accommodation, food utilities, and miscellaneous expenses.
Eligibility Requirements and Documentation:
Following are the eligibility criteria and documents required to study MBA in Australia:
- Bachelor’s degree Certificate in a relevant field from a recognized university.
- English proficiency test scores (IELTS/PTE)
- Updated CV
- Valid student visa
Industrial Demand of MBA Graduates Globally
The National Skills Commission in Australia gave a prediction for about 0.1% growth for specialist managers and 6.1% growth for managers by the end of 2025. The US Bureau of Statistics again backed the information. According to their prediction, management job prospects will increase in demand by 8% in the span between 2021 and 2031 which is enough to justify the demand for skilled managers.
In-demand career paths for an MBA include job prospects such as Financial Manager, Accounting Manager, Financial Analyst, Chief Financial Officer, Principal Consultant, IT Manager, HR Manager, Vice President of HR, Communications and Marketing Manager, Engagement Manager, etc.
In Conclusion, pursuing an MBA in Australia offers a dynamic and globally oriented higher education experience to international students. Renowned institutions in the country offer practical learning exposure and a diverse cultural student life that every overseas education aspirant looks for.
If you have made up your mind about this, you can contact global education consultants for more information on Australian higher education. With their expertise, the journey to study abroad gets easier.
