An Australian MBA degree is internationally recognized and respected. Your career and earning potential will be enhanced with an Australian MBA degree. If you have secured an MBA degree from one of Australia’s best B-schools, the employers and others will recognize the degree as a mark of great business and management expertise. Australia is soon emerging as a popular destination for MBA studies. We at Minglebox will give you a brief insight on MBA degree in Australia.
Choosing a MBA programme:
In Australia over 30 schools offer MBA programmes. Students must choose the right programme while enrolling to the course. Here are a few pointers to keep in mind while choosing the programme:
Accreditation: Ensure that the school you choose to pursue the MBA degree is accredited by Association to Advance Collegiate Schools of Business (AACSB) or by the Association of Masters in Business Administration (AMBA). Accreditation is the measure of the quality of the course.
Career Assistance: It is very important to look at the placements that the school offers. Also check for the internships and assistantship provided by the school
Cost and Financial aid: MBA programmes are expensive. Consider the total cost of the course. If the tuition fee is expensive, look for the financial aid provided for international students. A lot of schools offer Scholarships for MBA programmes.
Flexibility: Since most international students work part-time to cover the course expenses, it is always better to choose a course with flexible timings. You could opt for weekend classes, evening classes etc.
Study modes for MBA in Australia:
Australia offers different modes to study MBA. This provides students with options to choose from and facilitates flexibility. Students can opt for Full-time, Part-time or Online/Distance MBA programmes. The full-time MBA means a student can devote all their energies to learning. Part-time mode can be a great way to manage employment or family or other obligations while still obtaining the benefit of Australian MBA studies. If you study MBA online in Australia or through distance learning then you can undertake your studies at the time and place that is convenient for you.
Entry requirements for MBA in Australia:
The entry requirements for MBA in Australia are different for different universities and Business schools. The common admission requirements include the following:
Candidates should hold a bachelor’s degree in business related subjects. Candidates from other disciplines will also be considered, but depends on the university or school policies.
Candidates should also have work experience of minimum two years.
It is a must to take up the English Proficiency Tests if you are an international student. Most Australian Business schools and universities accept both TOEFL and IELTS scores. In most universities, IELTS scores below 6.5 and TOEFL scores below 230 with an essay rating of 5.0 will not be accepted.
Candidates should submit two reference letters and Statement of Purpose along with the application form that is completed. Students must check the official website of the institutes for additional documents that should be submitted along with the application forms.
Students are advised to check the official website of the institutes for alternative entry requirements for graduate certificate or graduate degree programmes.
Cost and Tuition Fees:
The fee structure for MBA programmes vary depending on the institute and the course. The fee for the MBA programmes may vary between AUD$ 15,000 to AUD$ 52,000. The fee structure varies due to the difference in the duration of the course, different levels of infrastructural facilities and mode of study. It is always best to research on the course and the fee structure on the official website of the school that interests you.
Top 5 Business schools in Australia:
The University Of Melbourne - Melbourne Business School
Monash University - Faculty of Business and Economics
The University Of Sydney- Faculty of Economics and Business
Australian School of Business (ASB) University Of New South Wales
The University Of Melbourne – Graduate School Of Business and Economics
Top reasons to pursue MBA in Australia;
The Australian MBA degree, like mentioned earlier, is internationally recognized and employers seek candidates with the best management and business expertise. The Australian MBA education is more like a one stop destination for career growth. The various specializations provided for the MBA programmes works in your favor while looking for jobs. Since most employers look for local experience, if you pursue an Australian MBA programme that focuses on Asia and Pacific region for example, your chances of securing a job once you return home is higher. While the tuition fee may prove expensive, the low cost of commodities makes it easy to live in Australia. Moreover, the Australian multicultural society adds to the study experience.
To sum it all, the Australian MBA degree is the tool to make your mark in the business world. You will not only be recognized for the business and management expertise, but the MBA programmes offered in Australia will help you learn and develop other people and soft skills. If you are looking for an internationally recognized MBA degree, then Australia is your destination.