Study MBA in Australia For Indian Students (2024)

Last Updated on August 30, 2024

MBA or Masters in Business Administration, ranking as one of the most popular post-graduate courses offered in India and Abroad. It is a two-year management course that has created a massive hype among students who want to pursue management, across the globe. 

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MBA courses provide an opportunity for individuals to enhance their leadership abilities as well as emerge as holistic working professional that is capable of wearing many hats. 

MBA is gaining the popularity across the globe, but it is definitely worth it. Some people might consider MBA as a over hyped course but there is no second thought in that it provides one of the best jobs in well -known international companies such as amazon, Microsoft etc. the admissions are usually done by achieving a competitive course in examination like GMAT or GRE. Some universities also require English proficiency examination such as IELTS or TOEFL. There are a lot of benefits of pursuing MBA from Australia

Study MBA In Australia

Pursuing graduation or masters from Australia is highly beneficial for international students, as it is a bundle of top universities like the University of Melbourne, the University of Adelaide, the University of Sydney, and many more. The curriculum followed in the Australian university helps the students to develop high confidence and also cultivate a sense of critical thinking, therefore, prepares students for success in a highly diverse and competitive society.

MBA programs in Australia adhere to stringent accreditation standards set by organisations such as the Association to Advance Collegiate Schools of Business (AACSB) and the European Quality Improvement System (EQUIS). These accreditations signify a commitment to excellence in business education and adherence to global best practices. By enrolling in an accredited MBA program in Australia, you can be confident that you are receiving a comprehensive education that will prepare you for a bright future in a competitive job market. 

MBA In Australia For International Students

Australia is one of the most elite countries and a huge centre of attraction for those who seek to pursue Masters in Business administration. it offers the best faculty, excellent academic curriculum, incredible return on investment and many professional opportunities. Not only it provides an all over MBA degree, but also allows specific specialisations in various sectors such as human resource management, finance and accounting, investment banking, marketing, and more. Moreover, Australia is a central hub for many more international students. Hence it provides a high connection and opportunity to interact with people across the world. It helps them to develop a strong communication and a high network as well. It promotes cultural values and customs among the students 

Best MBA Colleges in Australia for Indian Students

How To Apply for MBA in Australia?

You might have heard that studying in Australia is a distant dream; that is far from the truth. Australia is one of the most student-friendly countries in the world, a fact that is affirmed by the huge number of international students that the country welcomes every year. However, for a successful application, it is important to follow the following steps:

1. Shortlist the MBA Course of Your Dreams

If you wish to pursue your studies in the field of Business Administration, you might be aware that there is an array of specialisations available, even within MBA. Nowadays, students can opt for MBA in Finance, MBA in Marketing, or a normal Executive MBA. Therefore, if you wish to follow a particular career trajectory, choose a specialisation that suits your profile best. 

2. Review the Enrolment Criteria-

Every university has some common prerequisites such as visas, application forms, interviews, etc. but some universities require other specific documentation as well. Many universities that offer MBA programs have an extensive list of requirements like mandatory work experience ranging from 2-3 years, prior knowledge in business, standardised test scores, and more. If this information comes as confusing, fret not, because Admissify, offers free admission counselling to budding individuals like you!

3] Gather the mandated paperwork: 

It is imperative to ensure that each document is accurate, up-to-date, and aligns with the specific submission guidelines outlined by the prospective MBA program. The following documents are key to your application:

1. A valid passport 
2. English proficiency score in IELTS, PTE, TOEFL, or Duolingo English Test 
3. Academic transcripts 
4. A college degree from an accredited higher education institution with no less than 70%. 
5. A brilliant Statement of Purpose 
6. Two letters of recommendations
7. Experience Certificate 
8. Salary Slip 
9. Valid financial documents 

This meticulous gathering of documentation is a critical step in presenting a thorough and compelling application that reflects your best self in front of the admissions as well as visa authorities. 

4. Test-Prep

Since Australia harbours an esteemed education model, many universities require valid GRE/GMAT scores along with proficiency in English. Admissify offers personalised test prep that allows students to achieve the score of their dreams. If you too wish to fulfil your academic journey in Australia, ace the GMAT with Admissify on your side!

6. Accept the offer 

Once you receive the admission offer letter from the university, carefully examine all the required terms and conditions that lies under the boundary of acceptance communication. In some universities, this process might require you to pay the fee for the first year as a sign for confirmation of the admission. 

7. File for Student Visa

Once the university confirms your admission, you have to immediately apply for a student visa which usually is a tough part as it takes a lot of time to get it approved. After receiving the confirmation of Enrolment, also known as COE, you are eligible to file for filing the visa application. This ensures compliance with visa application procedures and verifies your enrolment status, facilitating the subsequent issuance of a student visa for your studies in Australia. The COE is verified and now as a student, you will be eligible for the Australian subclass 500 visa or the student visa, which comes along with a fair share of formalities and some benefits. 

8. Always Plan Your Arrival and Accommodation in Advance

After the admission process and visa filing is done, make sure that you figure out where and how you will be living. You have to keep the travel, distance from college, food facilities, crowd, area etc. in mind while finding a house to stay at. Many universities in Australia also provide hostel facilities for international students. It is advisable to check those. 

Given the welcoming aura of Australian society, numerous universities extend support services tailored for international students, presenting an opportunity to explore and leverage these resources. For example, many colleges and universities offer on-campus accommodation that eases the lives of numerous students. Moreover, you can always contact the student groups of these colleges to know more about the institution, its surroundings, how to get by, and more. 

MBA in Australia With Scholarship 

The initiatives taken by Australian universities to provide extra scholarships to international students have helped them to build a safer and more flourishing career pathway and to achieve their dream jobs by studying in the elite classrooms of Australian universities. These scholarships allow students to pay a limited amount in the admission process as most of the costs are covered by the universities themselves. 

The scholarships provided by the Australian universities are as follows: 

1. ANU MBA Scholarship

• Scholarship for international students 
• MBA is the only course supported 
• Available at the Australian National University. 
• Covers a percentage (25%, 50%, 75%, 100%) of the tuition fees for the MBA study program.

2. Curtin International Scholarships – Merit Scholarship

• Includes undergraduate, postgraduate, and advanced MBA courses.
• Provided by Curtin University 
• Should be an international student
• Studying for the first time at Curtin University
• Enrolled in a full-time degree program
• 25% off on first-year tuition fees of up to 200 credit points

3. Melbourne Business School-MBA Scholarships 

• Fulltime, executive and senior executive MBA supported
• Provided by Melbourne Business School (University of Melbourne)
• Should have a valid GMAT or GRE score
• Enrolled on a full-time MBA program at Melbourne Business School
• The amount of deduction varies for different courses.

4. Monash International Leadership Scholarship 

• Any undergraduate or postgraduate degree program from Monash University is supported 
• Provided by Monash University. 
• Should be an international student
• Enrolled in a full-time degree program
• 100% program fees paid and take part in any Monash University events.

5. Adelaide MBA Scholarship

• Only offline MBA courses are supported. 
• Provided by the University of Adelaide
• Requires Proof of acceptance for this program
• Students shouldn’t have two or more scholarships in hand
• Should apply for the scholarship based on the study period a student requires to graduate from this program
• The entire tuition fee is covered. 

Eligibility Criteria for Applying for Scholarships in Australia 

1. The applicant must be an international student
2. The applicant must show excellent academic status and prove his or her capacity
3. The applicant must be eligible to apply for an MBA degree
4. The applicant should have some experience in international business management
5. The applicant must have a good GMAT or GRE score. 
6. The applicant must have at-least 2 outstanding letters of reference.

Apart from the required criteria, certain universities or scholarship organisations also impose some other eligibility standards as well because of the intense competition among international students for limited colleges. Therefore, candidates aspiring to pursue MBA from Australia, particularly Indian students, should build there resume or portfolio that includes all their academic qualifications, job experiences, internships, achievements etc. to make your application standout among other applicants. 

How to Apply for Scholarships in Australia?

Australian universities are known for offering excellent academic opportunities to deserving students. Therefore, it is advised that you regularly check the university website, fulfil the requirements, and become a suitable applicant for the scholarship. Moreover, if you require help with scouting scholarships, contact one of Admissify’s professional education counsellors to learn about the opportunities that await you. 

Conclusion 

The article explores the various possibilities that students can benefit from when it comes to pursuing an MBA in Australia. There are excellent stay-back policies that allow students to stay back up to 3 years, thus allowing students to explore various professional offers. Moreover, Australian universities also offer internship opportunities and pragmatic learning modules that are unheard of in India. To know more about the endless possibilities of studying in Australia, contact the student-friendly team at Admissify today; it is free!

FAQs

Can an MBA from Australia be pursued without a GMAT?

Yes, it is possible to study in Australia without a GMAT score. Many universities offer a waiver if the student profile is extraordinary and demonstrates core values in the field of business and academics. Candidates can directly apply on the websites of these universities. These universities usually have a specific entrance exam of their own or they consider scores from other competitive exams. 

What is the average salary after doing an MBA from AUSTRALIA? 

• Between $157,000 per year to $222,000 per year. 
• Depending upon the specialization under MBA opted or holding the degree of an executive or senior executive MBA. 

What is the duration of an MBA in Australia?

Most courses have a duration that ranges between 12 months and 24 months. 

What is the approximate fee for pursuing an MBA in Australia? 

Pursuing an MBA in Australia comes with an average annual cost of around AUD 60,000. For international students, the tuition fees can vary, ranging from AUD 16,000 to AUD 126,000. 

Are there specific entry requirements for MBA programs in Australia?

Entry requirements vary but commonly include a bachelor’s degree, relevant work experience, English language proficiency (IELTS or TOEFL), and, in some cases, GMAT or GRE scores.

Do Australian Universities provide scholarships for international students? 

Yes. Many Australian universities offer lucrative scholarship opportunities for Indian students. 

Is it required to have work experience before applying for colleges in Australia? 

If you are going for an MBA degree, most universities will require relevant professional experience. This is a common prerequisite for many MBA programs. 

Tanishka Goel

Tanishka Goel is a content writer who is extremely passionate about academics and desires to help students around the world make the perfect choice for their careers and has obtained substantial expertise in the realm of content writing by working in various organizations.