The laid-back lifestyle of the Aussies and the unique natural beauty of the “red continent” make Australia one of the most popular travel destinations. The fact that the Australian higher education system is among the best in the world also makes Australia attractive to students. At Australian universities, the relationship between lecturers and students is right. Teaching and research are of a consistently high level. There are even clearly defined quality standards especially for international students.
Even if the Australian MBA is not as long a tradition as its role model in the USA, it is still highly regarded internationally. Numerous Australian universities have included the popular management degree in their courses in recent years.
What makes the MBA in Australia so appealing
Australian MBA programs attract students from all over the world to the fifth continent. No wonder, since the study programs have a number of advantages that are almost only found in Australia in this constellation:
- Wide range of possible variations (acquisition of two degrees, combination of master and MBA studies)
- often shorter study duration than in the USA (one-year MBA)
- MBA studies at the interface between Asian and Western cultures
- second highest average salary for graduates of Australian MBA programs according to the QS MBA Ranking 2014/2015
- growing number of distance / online courses
- many teachers with professional experience in international business
- high proportion of international students facilitates international networking
- lower tuition fees than the US
The MBA in Australia at a glance
The MBA in Australia is part of the postgraduate section and in many cases leads to graduation after just one year. Due to the short study time, the schedule is tight, but the high learning volume is definitely wanted. In this way, students learn to maintain an overview in stressful situations and to find innovative solutions. As an alternative to full-time studies, there is often the option of studying part-time and one year longer ( MBA Flexible ).
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The classic MBA in Australia
In Australia, no two MBAs are the same. On the one hand, there are classic courses that lead to a Master of Business Administration. The course is often divided into a basic phase and an advanced or final phase.
In the first part of the program, courses such as finance, marketing management or accounting are given. These teach students the skills they need as a manager in management. At the advanced stage of the course, there is the possibility of specializing and taking elective courses such as Health Sector Business Management, E-Business or Leadership. In some cases there are over 20 different specialization options to choose from.
During the course, the participants deal with real company problems in case studies and project work. In this way, they train their management skills and leadership skills. For example, the students have the chance to improve their communicative skills through presentations and active participation in the seminars.
In some cases, the Australian universities integrate regional focuses in the MBA programs. The aim is to give the participants direct insights into the economic situation in a region or a country like China. This is done using the example of specific projects.
MBA Australia with a focus and combination courses
Studying an MBA in Australia can also mean choosing a specific focus from the outset. The study programs aim to impart expert knowledge in a specific area of responsibility. For example, there are courses such as
- Master of Business Administration in International Business
- Master of Business Administration in Business Consulting
- Master of Business Administration (International) in Social Media and Mobile
- Master of Business Administration in Insurance and Risk Management
In addition, there are combination courses that combine two different fields of study and thus lead to two degrees. For example, it is possible to obtain an MBA / Master of Information Technology or an MBA / Master of Marketing in Australia. Such “double” courses usually have a longer study duration, but improve career opportunities.
The Executive MBA in Australia
Some universities in Australia also offer an Executive Master of Business Administration, or EMBA for short. This is aimed specifically at managers who have a job and want to further their professional development. Executive MBAs usually have a more flexible structure to enable studying alongside work. For this reason, many courses take place on weekends.
Admission criteria for the MBA in Australia
The admission requirements for the classic MBA in Australia are different at the individual universities. Some universities not only require a bachelor’s degree, but also several years of professional experience in a relevant field. For an Executive MBA in particular, applicants must have five years of professional experience. Good results in the General Management Admission Test (GMAT) are often required to get a place at the university.
A good command of English is essential for an MBA in Australia. Applicants have the opportunity to prove their language skills using a standardized language test such as the TOEFL or IELTS.
MBA Australia: Costs and Funding Options
An MBA in Australia doesn’t come cheap. However, the tuition fees for an MBA in Australia are usually significantly lower compared to an MBA in the USA. This is also due to the shorter duration of the study. Some MBA programs in Australia start at a total cost of AUD 19,000, while others start at around AUD 100,000. In addition, there is the cost of living, which includes accommodation, food and leisure activities, among other things.
There are several ways in which an MBA in Australia can be more easily funded:
- DAAD scholarships
- Scholarships from various foundations
- Performance-based scholarships from Australian universities, such as the Endeavor Awards for international Masters students
- Australian University Non-Merit Scholarships
- Student loans such as the Brain Capital MBA Education Fund
Entry requirements for Australia
International students need one for an MBA in Australia student visa, which she in good time before departure online at the Department of Immigration and Border Protection may apply.
A health insurance for study in Australia is compulsory. When you enroll at a university, student health insurance (OSHC) is often taken out directly. Sometimes it is possible to choose your own provider for the OSHC.