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. 

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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. 

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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.

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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.

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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
• Post-Arrival Cost

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:

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:

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:

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:

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: