Top MBA programs in Australia

Thanks to it being a major hub for education in all fields related to management studies, Australia has become a major education center for students who seek high-quality MBAs, with world-class facilities modernized infrastructure, and unparalleled industry tie-ins. An MBA from Australia provides not only excellent coursework and practical training but also international exposure resulting in an excellent network of peers that will help you establish a portfolio with companies and firms around the world. As of March 2024, the year-to-date international student enrolments reached a total of about 742,000, reflecting a notable 16 percent surge compared to the corresponding period in 2019.

Top Business Schools in Australia

1

University of Melbourne (Melbourne Business School)

• It is ranked among the top universities in the globe for an MBA degree, currently ranked number 14 in the QS ranking.
• The university provides various MBA programs including full-time, part-time, executive, and online options. The full-time MBA program typically spans a duration of 2 years.
• To be eligible for the MBA program, applicants must hold a bachelor's degree and have at least two years of confirmed professional work experience, in addition to providing GMAT/GMAT Focus Edition and GRE scores.
• Individuals who have earned their undergraduate degree from a university in Australia or New Zealand and are not applying for scholarships are not required to submit GMAT/GMAT Focus Edition/GRE scores.
• International students are required to fulfill the English Language Requirements, which entail obtaining a minimum overall TOEFL score of 102 or an overall IELTS band score of 7.0.
• The program's tuition fee remains the same for both domestic and international students, fixed at AUD 107,000.

2

University of New South Wales (Australian Graduate School of Management)

• Situated in Sydney, this School has been at the top consistently for its MBA courses and is ranked as one of the top 100 MBA programs, as ranked by the Financial Times (UK).
• The university provides various MBA programs including full-time MBA, Executive MBA, and online MBA. The full-time MBA program has a duration of one year.
• In order to gain admission into the MBA program, candidates must demonstrate exceptional academic performance in their prior studies. This can be achieved by highlighting remarkable academic accomplishments from a reputable Australian or internationally recognized university, or by attaining a high score on the GMAT / GRE exams.
• Students are required to hold a bachelor's degree (or its equivalent) and must have at least two years of full-time professional work experience.
• International students are required to fulfill the English proficiency standards by obtaining a minimum overall IELTS band score of 7.0, an overall TOEFL score of 94, or an overall PTE score of 65.
• The program's tuition fee is AUD 80,000 for domestic students and AUD 83,000 for international students.

3

University of Sydney (University of Sydney Business School)

• This University is ranked first in Australia and fourth in the world for graduate employability In the QS Graduate Employability Rankings 2020.
• The university provides full-time MBA and Executive MBA programs, each with a duration of 1.5 years. Executive MBA program is tailored for working professionals who want to enhance their leadership skills and advance their careers while continuing to work full-time.
• To be eligible for admission into MBA programs, students must achieve a minimum grade point average (GPA) of 65 or its equivalent in their undergraduate degree.
• In addition, applicants are required to provide a one-page statement of motivation, emphasizing their professional and personal objectives that will be achieved by completing the course. Moreover, candidates must pass a selection interview in order to be considered.
• International students must meet specific English proficiency requirements, which include achieving a minimum overall IELTS band score of 7.0, a TOEFL score of 96 overall, or a PTE score of 68 overall.
• The program's tuition fee is set at AUD 52,000 for domestic students and AUD 55,000 for international students in the first year.

4

Macquarie University (Macquarie Graduate School of Management)

• Macquarie University's MBA program has secured the 6th position in Australia according to the QS MBA Rankings 2024. The university provides a range of flexible options for pursuing an MBA, including online, part-time, full-time, and on-campus programs.
• The duration of the MBA program can be either 2 years, 1.5 years, or an equivalent part-time option.
• In order to qualify for the MBA program, candidates need to possess a bachelor's qualification at AQF level 7 or its recognized equivalent, with a WAM of 65 or above. Alternatively, they can have a minimum WAM of 60 along with a GMAT score of 650 or higher. Additionally, applicants must have a minimum of three to five years of full-time equivalent work experience at a managerial or professional level.
• International students are required to meet the English language requirement by obtaining a minimum IELTS band score of 7.0, with no sub-band score lower than 6. Additionally, TOEFL and PTE scores are also accepted as proof of English proficiency.
• The annual fee for both domestic and international students is estimated to be AUD 45,000, with approximately AUD 570 per credit point.

5

Monash University (Monash Graduate School of Business)

• Monash University's MBA program holds the top spot in Australia for Business Administration and is ranked 35th globally according to the Shanghai Ranking (ARWU) Global Ranking of Academic Subjects 2022.
• The University provides an 18-month full-time Global Executive MBA program, a 2-year full-time Combined Global Executive MBA and Master of Finance program, and a 2-year part-time Online MBA program.
• In order to gain admission to the Global Executive MBA program, candidates must have successfully finished an Australian bachelor's degree or an equivalent qualification. Additionally, they should possess a minimum of five years of work experience in a professional environment. Furthermore, applicants are required to submit a comprehensive curriculum vitae that highlights their employment history and professional expertise.
• International students must meet the English Language Requirements, which include obtaining a minimum IELTS band score of 6.5 with no sub-band lower than 6.0, achieving an overall PTE score of 58 with no sub-score below 50, and attaining an overall TOEFL score of 79.
• The MBA program incurs a total fee of AUD 60,000 for domestic students, while international students are required to pay AUD 73,000.

6

University of Queensland (University of Queensland Business School

• The University of Queensland provides options for pursuing an MBA, including full-time, part-time, and online programs. The full-time MBA program typically lasts for 1 year, whereas the part-time MBA program allows students to complete their studies over a period of up to 10 years.
• To be eligible for admission to the MBA program offered by the university, candidates must hold a bachelor's degree (or its equivalent) in any discipline, or the Graduate Diploma in Business Administration from UQ. Additionally, they should have a minimum of 4 years of full-time equivalent, relevant work experience, preferably gained after completing their undergraduate studies. Out of these 4 years, a minimum of 2 years should have been spent in a dedicated supervisory/management role.
• Candidates are required to have obtained a GPA of 4.5 on a 7-point scale in their prior academic qualification. International students must also achieve a minimum score of 550 on the GMAT exam.
• International students are required to meet English proficiency requirements, which encompass achieving a minimum overall TOEFL score of 87, an IELTS band score of 6.5, or a PTE score of 64.
• The MBA program tuition fee is AUD 87,000 for domestic students and AUD 92,000 for international students.

7

University of Western Australia (University of Western Australia Business School

• The Master of Business Administration program at the Business School of the University of Western Australia has maintained its position as the top-ranked program in Western Australia. With its exceptional MBA curriculum, UWA's Business School stands as one of the premier institutions for business education in Australia. In the Global MBA QS rankings for 2024, it secured the eighth spot in the Oceania region, further solidifying its reputation as a leading MBA provider.
• The MBA program at the Business School of the University of Western Australia provides three options: MBA Flexible, MBA Global (exclusively for Indian citizens and residents), and MBA Intensive. The program has a duration of one year.
• To meet the requirements for admission to the MBA program, individuals must have a bachelor's degree, or an equivalent qualification accepted by UWA, as well as a minimum of three years of relevant documented professional experience.
• Furthermore, candidates should also possess a UWA weighted average mark of 60 percent or higher or demonstrate a minimum of two additional years of relevant documented professional experience approved by UWA to ensure successful program completion.
• International students are also required to fulfill English language criteria, which involve achieving a minimum overall IELTS band score of 7.0, an overall TOEFL score of 100, or an overall PTE score of 71.
• The total tuition fee for domestic students pursuing an MBA is AUD 40,000, while international students are required to pay AUD 58,000.

8

Bond University (Bond Business School)

• Bond University provides a 16-month MBA program, a 2-year combined Master of Accounting/MBA, a combined Master of Project Management/MBA, a Master of Finance/MBA, and a 92-week MBA Professional option.
• During the initial semester of the MBA program at Bond University, students will participate in eight core functional boot camps that are delivered intensively. This approach ensures that students gain a comprehensive understanding of the subjects within a short period of time. The second and third semesters of the program emphasize creative thinking, data analytics, and strategic management. In the final semester, students have the flexibility to select any postgraduate elective offered by the Business School, provided they have fulfilled the necessary prerequisites.
• In order to qualify for this program, students are required to have successfully finished a recognized bachelor's degree (or an equivalent qualification) in any discipline, along with a minimum of three years of professional experience in any field.
• International students must meet the English Proficiency standards, such as achieving an overall IELTS band score of 6.5 with no sub score lower than 6.0, a PTE overall score of 58 with no Communicative Scores under 50, and an overall TOEFL score of 79 with no scores below 21 in Writing, 18 in Speaking, and 16 in Reading and Listening.
• The program tuition fee for domestic students amounts to AUD 67,000, while international students are required to pay AUD 75,000.

9

Curtin University (Curtin Graduate School of Business)

• Curtin University's Curtin Graduate School of Business provides various options for pursuing an MBA. They offer a 1 year 6 month MBA program, an Evening MBA program, an Accelerated MBA program that can be finished in just 15 months, and an Online MBA.
• To be eligible for the MBA program, candidates must hold a pertinent bachelor's degree from an accredited university and have a minimum of three (3) years of related professional experience (applicants with 2 years of relevant work experience may be evaluated on an individual basis).
• Alternatively, candidates applying for the MBA program may also possess a related Graduate Certificate or Graduate Diploma with a Course Weighted Average of 65%, in addition to a minimum of three (3) years of pertinent work experience.
• International students must meet certain English language requirements in order to be eligible for admission. These requirements include achieving a minimum overall IELTS band score of 6.5, with no sub band score falling below 6.0. Alternatively, a minimum overall PTE score of 69, with no sub-score below 59, or a minimum overall TOEFL score of 79 must be obtained.
• When submitting an application for the MBA program, candidates are required to include an employer recommendation form and a referee report. Additionally, all applicants must provide a copy of their CV/resume, emphasizing their previous work experience and roles, as well as a personal statement.
• The indicative first-year tuition fee for domestic students is AUD 40,000, whereas for international students, it is AUD 45,000.

10

University of Adelaide (Adelaide Business School)

• The University of Adelaide offers an MBA program that is specifically designed for recent graduates who have no prior experience. This distinguishing characteristic sets it apart from other universities. For applicants who do have prior experience, there are alternative options available such as the Executive MBA or the MBA online program.
• Applicants applying for the Executive MBA program must meet specific requirements. Those with a completed AQF Bachelor's degree (minimum GPA 5.0) must have a minimum of five years' relevant work experience. On the other hand, applicants without a completed Bachelor's degree must have a minimum of seven years of related work experience and a satisfactory GMAT score of 550. Alternatively, applicants can also have a completed Adelaide or Executive Graduate Certificate in Business Administration. International applicants must also provide an IELTS score of 7.0, with no band score lower than 6.5.
• To be eligible for the MBA Online program, candidates must have successfully obtained a bachelor's degree (or its equivalent) and possess at least two years of relevant work experience. Alternatively, if an applicant does not hold a degree, they must have a satisfactory GMAT score of 500 or above and a minimum of two years' relevant work experience. Another pathway to meet the requirements is by completing a university Graduate Certificate in Business Administration.
• Applicants for the Regular MBA program must hold a Bachelor's degree in any discipline. International applicants are required to achieve a minimum IELTS score of 6.5, with no band score lower than 6.
• Applicants who wish to pursue an MBA International program are required to have successfully obtained a bachelor's degree or its equivalent, with a minimum GPA of 4.5 or higher. Additionally, all international applicants must achieve a minimum IELTS score of 6.5, with no band score lower than 6.
• The tuition fee for domestic students in the first year is AUD 39,000, while international students are required to pay AUD 50,000.