Why pursue an MBA in Australia?
Australia is a developed and modern nation that relies heavily on various businesses and encourages entrepreneurship. Hence the concentration on the educational sector is high with many of the world’s best institutions in Australia, especially for management studies. We will see below some reasons as to why you should choose Australia for your studies.
- Australia has some of the top-rank business schools in the world. Their certificates are recognized by institutions like AMBA and EQUIS
- Under the QS World University Rankings, the business schools in Australia rank in the top 100 business schools in the world
- The faculty and the job opportunities in Australia are one of the best in the world with handsome starting salaries
MBA scholarships in Australia
| Scholarship | Institute |
|---|---|
| ANU college of Business and Economics | Australian National University |
| Adelaide MBA scholarship | Adelaide business school |
| MBS Scholarship | Melbourne business school |
| Monash MBA International Women in Leadership | Monash business school |
| MBA International Prestige Scholarships | UWA business school |
| Kraft Heinz Scholarship | Melbourne business school |
| AGSM Global Reach Scholarship | Australian School of Management |
| International Excellence Scholarship (India) | University of New Castle |
Eligibility criteria for scholarships to study in Australia
The eligibility criteria for scholarships to study in Australia can vary depending on the type of scholarship, the institution offering it, and the level of study (undergraduate, postgraduate, etc.). However, there are some common criteria that many scholarships share:
| Scholarship | Eligibility |
|---|---|
| ANU college of Business and Economics | Merit-based – The student should be an Indian citizen strong academic record in school. |
| Adelaide MBA scholarship | Merit-based – A competitive scholarship offered to students with a strong and extracurricular background |
| MBS Scholarship | Merit-based – Apply for MBS university and fill form, provided on merit. |
| Monash MBA International Women in Leadership | Merit-based – especially for International female students with strong academic background |
| MBA International Prestige Scholarships | Merit-Based – with a GMAT score of at least 650 |
| Kraft Heinz Scholarship | Merit-based – Submit the scholarship form and based on the interview and merit scholarship will be offered. |
| AGSM Global Reach Scholarship | Merit-based – with excellent academic background |
| International Excellence Scholarship (India) | Merit-based – with a strong academic background |
Common requirements:
- Bachelor’s degree in any field from a recognized university, with some colleges preferring a degree in business
- 2 reference letters from previous employer or professor, with an updated resume
- Minimum 65% score in Bachelor’s course
- English language proficiency score like in IELTS with 6.5 to 7 band score
- Candidates with work experience will hold a broader edge
Awards:
| Scholarship | Amount |
|---|---|
| ANU college of Business and Economics | AUD 10,000 |
| Adelaide MBA scholarship | 25 to 30% of Tuition fees |
| MBS Scholarship | Will vary |
| Monash MBA International Women in Leadership | AUD 24,000 |
| MBA (Intensive) International Prestige Scholarships | 90 to 100% of tuition fees |
| Kraft Heinz Scholarship | Up to AUD 44000 |
| AGSM Global Reach Scholarship | Will vary |
| International Excellence Scholarship (India) | Up to AUD 25,000 |
*Note: Please also check online and other University websites for other scholarships, the above given are some of the most famous scholarships, but there are many other scholarships available
Top university in Australia for MBA
The top universities in Australia for an MBA program are renowned for their excellent business education, diverse student bodies, and strong connections with the global business community. Here are some of the most prestigious universities in Australia known for their MBA programs:
| Scholarship | Fees* |
| Australian National University | AUD 73,000*** |
| University of Melbourne | AUD 92,000*** |
| Deakin University | AUD 68,000*** |
| Monash University | AUD 90,000*** |
| RMIT University | AUD 88,000*** |
| La Trobe University | AUD 61,000*** |
| University of New South Wales | AUD 89,000*** |
*** Amount may vary or change from time to time. Please check the university website once.
Career and job scope after MBA in Australia
An MBA from Australia can open up a wide range of career opportunities, thanks to the country’s robust economy, strong business sector, and global business connections. Here’s an overview of the career and job scope after completing an MBA in Australia:
| Position | Average Salary (AUD) |
|---|---|
| Assistant Business Development Manager | 82,000 |
| Business Development Manager | 82,000 |
| General Manager | 121,000 |
| Accounting Manager | 95,000 |
| Financial Manager | 103,000 |
| Employee Relations Manager | 187,000 |
| Project Manager | 104,000 |
If you want to know more about scholarships to study in Australia, get in touch with our international education experts at IDP. They will help you with the process of seeking a scholarship.
Frequently Asked Questions (FAQs)
Ques 1: Why study for an MBA in Australia?
Ans: Australia is considered an ideal destination for pursuing an MBA. It is home to numerous business schools that are not only globally renowned but also accredited, providing high-quality education and a diverse, multicultural learning environment.
Ques 2: What is the required IELTS score?
Ans: To study in Australia, a minimum IELTS band of 6 is generally required. However, many universities prefer a higher band, usually around 7, to ensure proficiency in English for academic success.
Ques 3: Who is eligible for the ANU College of Business Scholarship?
Ans: The ANU College of Business Scholarship is available to students who are citizens of India and have a strong academic background. Additionally, eligible students must enrol in a full-time MBA program, with a course load of 24 units per semester.
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