MBA in Australia for Indian Students

Eligibility Requirements

Academic Qualifications

• Bachelor’s Degree: A recognized undergraduate degree from a reputed institution.
• Minimum GPA: Most programs require a minimum GPA, often around 2.5 to 3.0 on a 4.0-point scale.

Work Experience - Professional Experience: Typically, 2-5 years of relevant work experience is required. Executive MBA programs may require more extensive experience (5-10 years).

English Language Proficiency

• IELTS: Minimum overall score of 6.5, with no individual band score below 6.0.
• TOEFL iBT: Minimum score of 79-90.
• PTE Academic: Minimum score of 58-64.
• Other Tests: Some universities accept other English proficiency tests; check specific requirements.

GMAT/GRE Scores

• GMAT: Many programs require a minimum score of around 550-600.
• GRE: Accepted as an alternative to GMAT, with acceptable scores varying among institutions.

Required Documents

• Transcripts and Certificates - Official academic transcripts and degree certificates from previous institutions.
• English Proficiency Test Scores - Valid IELTS, TOEFL, or PTE scores.
• Work Experience Documents- CV/Resume detailing professional experience. Employment verification letters.
• Letters of Recommendation - Typically, two to three letters from academic or professional references who can attest to the candidate’s abilities and potential.
• Statement of Purpose (SoP) - A detailed essay outlining the candidate’s career goals, reasons for choosing the specific MBA in Australia program, and how it aligns with their aspirations.
• GMAT/GRE Scores - Official test score reports.
• Passport Copy - Passport should be valid at least for the duration of the course.
• Application Form - Completed application form specific to the university.

Additional Considerations

• Interviews: Several universities conduct an interview during selection.
• Scholarships: Check for available scholarships and their specific requirements.
• Application Deadlines: Be mindful of the application deadlines, which vary by institution and intake period.

Define Your Career Goals

• Determine your long-term and short-term career objectives.
• Identify the skills and knowledge you need to achieve these goals.

Research MBA Program Offerings

• Explore different types of MBA in Australia programs (full-time, part-time, executive, online).
• Investigate the specialisations offered (finance, marketing, technology, etc.).

Assess Academic Reputation

• Check global and national rankings of various business schools.
• Look for accreditation by reputable organisations (AACSB, EQUIS, AMBA).

Evaluate Faculty and Curriculum

• Check if the faculty are adequately qualified and have relevant industry experience.
• Review the curriculum so that it matches your interests and goals.

Consider Location

• Decide if you prefer to study in a major city, a regional area, or online.
• Consider the local business environment and networking opportunities.

Examine Admission Requirements

• Check academic qualifications, work experience, and test score requirements (GMAT/GRE).
• Ensure you meet the English proficiency standards (IELTS, TOEFL).

Review Financial Aspects

• Calculate the total cost of the program, including tuition, living expenses, and additional fees.
• Investigate scholarship opportunities and financial aid options.

Analyse Class Profile

• Look at the diversity, average work experience, and academic background of the current students.
• Consider the size of the cohort and the student-to-faculty ratio.

Explore Career Services and Alumni Network

• Evaluate the support offered by the career services team (job placements, internships, career coaching).
• Assess the strength and reach of the alumni network.

Visit Campuses and Attend Info Sessions

• If possible, visit campuses to get a feel for the environment and facilities.
• Attend information sessions, webinars, or open days to learn more about the programs.

Consider Lifestyle and Personal Fit

• Reflect on the campus culture and student life.
• Ensure the school's values and environment align with your personal preferences.

Read Student and Alumni Reviews

• Look for testimonials and reviews from current students and alumni.
• Join forums or social media groups to get firsthand insights.

Evaluate Internship and Global Opportunities

• Check for opportunities for internships, study abroad programs, and industry projects.
• Consider the school's partnerships with global institutions and companies.

Make a Shortlist and Apply

• Narrow down your choices based on your research and criteria.
• Prepare and submit applications to your shortlisted schools.

Pursuing an MBA in Australia is a significant financial investment for international students. Tuition fees typically range from AUD 40,000 to AUD 90,000 per year, depending on the university and the program. On top of that, living expenses need to be considered.

• If you choose to live on-campus, accommodation can cost between AUD 150 to AUD 300 per week, while off-campus options might range from AUD 200 to AUD 500 per week.
• Monthly expenses for food and utilities generally fall between AUD 300 to AUD 700. You’ll also need to budget about AUD 500 to AUD 1,000 annually for textbooks and other study materials.
• Health insurance is mandatory, with Overseas Student Health Cover (OSHC) costing around AUD 600 to AUD 800 per year.
• Transportation costs vary, but expect to spend roughly AUD 50 to AUD 150 per month, and don’t forget about personal expenses like clothing and entertainment, which could add another AUD 200 to AUD 400 monthly.
• Lastly, the student visa (Subclass 500) application fee is approximately AUD 620.

All in all, you should be prepared to spend between AUD 60,000 to AUD 100,000 per year to cover both tuition and living expenses. Planning your finances carefully will ensure a smoother and more enjoyable experience during your studies in Australia.

Australia offers MBA from various prestigious universities. These are:

After the completion of an MBA in Australia from a top university, here are some job prospects that you could pursue:

After completing an MBA in Australia, international graduates can stay and gain work experience with the Temporary Graduate Visa (subclass 485), specifically the Post-Study Work Stream. This visa allows graduates to work in Australia temporarily.

Temporary Graduate Visa (subclass 485) - Post-Study Work Stream

• Eligibility: This visa is available to international students who have recently graduated with a degree from an Australian institution. Applicants must have completed a course that is registered with CRICOS (Commonwealth Register of Institutions and Courses for Overseas Students).
• Validity: The length of the visa depends on the level of qualification:

1. Bachelor’s degree: Up to 2 years
2. Master’s degree: Up to 3 years
3. Doctoral degree: Up to 4 years

Application Requirements

• Applicants must apply for the visa within six months of their course completion.
• Proof of English language proficiency may be required.
• Health insurance coverage is necessary for the duration of the stay.
• Police clearance certificates may also be needed.

Work Rights

• The visa allows full work rights, enabling graduates to gain relevant professional experience in their field of study.
• It provides an opportunity to build a professional network and potentially secure employer sponsorship for a longer-term visa.

This pathway enables MBA graduates to leverage their education, gain valuable work experience, and enhance their career prospects in Australia.

An MBA from Australia represents a valuable investment in your career, offering substantial returns through enhanced job opportunities and competitive salaries. With a strong job market and demand across various sectors, graduates can expect to secure roles in top companies, both domestically and internationally.

If you want to know more about options to study MBA in Australia, contact AECC today. Our expert counsellors will guide you right from selecting the university of your choice to the completion of the visa process. Let your dream of studying in Australia come true today!