An MBA in Australia will boost your professional career as the country is home to top-tier educational institutions. This article gives complete information about how to study MBA in Australia without work experience.
Looking to pursue an MBA in Australia without work experience? An MBA in Australia will boost your professional career as the country boasts of having advanced economic growth and top-notch educational institutions. Based upon personal choices and goals, students may choose to study MBA with or without work experience.
An MBA program enables students to stay up-to-date on the latest global and business trends and prepares them to become business professionals. The dynamic management field requires mentorship, practical experience, and interactive classroom learning. If you are someone who does not have work experience and are planning to study MBA in Australia, this article gives complete information about how to study MBA in Australia without work experience.
Table of Contents
- Top Universities to Pursue MBA in Australia Without Work Experience
- Requirements to Study MBA in Australia
- Cost of Pursuing an MBA in Australia
- Why Study MBA in Australia?
- Top Scholarships Available for MBA in Australia
- Jobs After MBA in Australia
Top Universities to Pursue MBA in Australia Without Work Experience
There are several universities that offer an MBA in Australia without work experience. Some of these popular universities are mentioned below:
- Monash University- Monash Business School
- Melbourne Business School- The University of Melbourne
- La Trobe University- La Trobe Business School
- RMIT University- Graduate School of Business and Law
Monash University- Monash Business School
Situated in Melbourne, Monash University is an Australian public research university. With a total of eight campuses, the university is the largest in Australia and among the top-ranked universities in the world. Experienced faculty and industry professionals lead the Monash MBA program, bringing their knowledge and experience to classrooms and applied projects.
Times Higher Education ranked Monash University at 64th place in the world. As per WUR's 2022 rankings, the university ranked 58th among the top universities globally, and it was also recognized as one of the top 6 Golden Age Universities by THE Rankings 2020.
Read More: Monash University
Melbourne Business School- The University of Melbourne
The MBA program of Melbourne Business School has been ranked No.1 by QS Rankings 2022. Established in 1853, the University of Melbourne is Australia's second-oldest university. More than 14 courses of the University of Melbourne have been ranked among the Top 20 in th world by QS World Rankings 2022.
Read More: Melbourne Business School
La Trobe University- La Trobe Business School
The University of La Trobe is one of only three institutions in Australia to hold the EPAS accreditation from the prestigious European Foundation for Management Development. According to QS World Rankings, La Trobe University ranks between 151-200 in the global MBA category. The university conducts various events wherein students get opportunities to participate in real business situations and boardroom simulations. Offering afternoon and night courses, intensive block modes, and online modules, it gives students a wide range of flexible learning options.
Read More: La Trobe University
RMIT University- Graduate School of Business and Law
Royal Melbourne Institute of Technology’s Graduate School of Business and Law focuses on industry-based and practical learning approach. The MBA program at RMIT is ranked among the top five MBAs in Australia. Times Higher Education, an internationally recognized ranking agency, has given various rankings to RMIT based on certain criteria of excellence. It is ranked between 301-350 on the list of top global universities, 3rd in impact ranking, and 76th on the list of world's young universities.
Read More: RMIT University
Requirements to Study MBA in Australia
While the specific admission requirements may vary from university to university, the general eligibility requirements for pursuing an MBA in Australia remain the same. Following are some of the requirements to pursue MBA in Australia without work experience:
- Bachelor's degree from a recognized university in any discipline
- Minimum of 65% marks in UG degree
- Updated resume
- Minimum two letters of recommendation from employers or professors
- Interview
- A good GMAT or GRE score
- A minimum of two years of experience in the field of management or business
- IELTS requirement for MBA in Australia: The curriculum of Australian universities is completely in English, so international students must submit IELTS scores to prove their proficiency in the language. An IELTS score of 6.5 to 7.0 is good enough for getting admission into the top MBA colleges of Australia.
Cost of Pursuing an MBA in Australia
The cost of studying an MBA in Australia can be determined by two major types of expenses. Students will incur the following expenses while pursuing an MBA degree:
Pre-Arrival Cost
Prior to attending the MBA program in Australia, students are required to pay a registration fee of the test scores, application fee, student visa fee, etc. Below is an estimate of these costs:
| Expense | Cost (USD) |
|---|---|
| Application Fee | 100 (approx) |
| Australian Student Visa Fee | 426 |
| IELTS Registration Fee | 215- 240 |
| TOEFL (iBT) Registration Fee | 160- 250 |
| GMAT Fee | 250 |
| GRE Fee | 205 |
Post-Arrival Cost
The post-arrival cost includes all those expenses that are incurred during the entire period of study, including tuition fees and living expenses. These are the tuition fees of top business schools offering MBA programs in Australia:
| Business School | Full-time MBA Fees (INR) |
|---|---|
| Melbourne Business School | 45.59 Lakhs |
| AGSM Business School | 44.01 Lakhs |
| Monash Business School | 44.83 Lakhs |
| Macquarie Graduate School of Management | 40.31 Lakhs |
| UWA Business School | 30.41 Lakhs |
| UQ Business School | 41.16 Lakhs |
| ANU College of Business & Economics | 36.58 Lakhs |
| Deakin Business School | 31.89 Lakhs |
| RMIT University School of Business | 43.53 Lakhs |
| La Trobe Business School | 30.38 Lakhs |
Living Expenses in Australia
An international student in Australia is estimated to spend USD 14,432 annually on living expenses, according to the Department of Home Affairs of Australia. These costs include accommodation, books, food, transportation, and personal expenses. Here are the costs of various types of accommodations in Australia:
| Type of Accomodation | Minimum Annual Cost | Maximum Annual Cost |
|---|---|---|
| Hostels and Guesthouse | 4,680 USD | 7,800 USD |
| Shared Rentals | 4,940 USD | 11,180 USD |
| On-Campus | 5,720 USD | 14,560 USD |
| Homestay | 12,220 USD | 16,900 USD |
| Rental | 9,620 USD | 22,880 USD |
Why Study MBA in Australia?
Studying an MBA program in Australia has its own benefits. Given below are some of the reasons for choosing Australia as your destination for an MBA program:
- Australia is home to five of the world's 100 top business schools, according to the QS Global MBA Ranking 2022.
- All Australian business schools are accredited by internationally renowned organizations like AACSB, AMBA, and EQUIS.
- Australia offers MBA in different modes, so students can opt for one of these: Full-time, Executive, Online, or Distance Learning MBA.
- As a result of the flexible nature of Australian universities, students can work and study in the country to gain more experience.
- There is a high level of cultural diversity among students at Australian universities, making it a desirable destination for Indians to pursue MBA.
- As Australia is one of the most immigration-friendly countries, international students will find it easy to obtain permanent residency after graduation.
Top Scholarships Available for MBA in Australia
Australia offers a number of scholarships for students enrolled in an MBA program. The following table provides a list of the best scholarships offered by the top universities for MBA in Australia:
| Business School | Name of the Scholarship | Amount |
|---|---|---|
| Melbourne Business Schoool | Kraft Heinz Scholarship | 31,221 USD |
| Monash Business School | Monash MBA International Women in Leadership Scholarship | 16,679 USD |
| UWA Business School | MBA (Intensive) International Prestige Scholarships | 100% tuition fee |
| Adelaide Business School | Adelaide MBA Scholarship | 25% of tuition fee |
| Sydney Business School | UOW Postgraduate Academic Excellence Scholarship | 10% to 30% tuition fee |
| UQ Business School | MBA Student Scholarship | 25% of tuition fee |
| UTS Business School | MBA Scholarship for Outstanding Students | 1,390 USD to 3,475 USD |
Jobs After MBA in Australia
Having an MBA degree from Australia gives you access to a wide range of career opportunities since the degree is recognized worldwide. With an average annual salary of 97,100 USD for an MBA graduate, finance is the highest paid industry. Technology are Consulting are other popular industries that offer employment opportunities for MBA graduates. Here are a few of the popular career options you should look into after completing your MBA in Australia:
| Job Roles | Average Annual Salary (USD) |
|---|---|
| Business Development Manager | 111,000 |
| General Manager | 108,000 |
| Assistant BD Manager | 95,400 |
| Manager | 122,000 |
| Accounting Manager | 135,000 |
| Financial Manager | 135,000 |
| Project Manager | 89,000 |
| Employee Relations Manager | 80,000 |
| Organizational Development Manager | 93,000 |
