Master of Business in Australia is a 1 2- years program that provides comprehensive business education while developing leadership and analytical skills.
Some universities have programs covering the entire facets of the business, while some offer specialization tracks in human resource management, marketing, international business, financial risk management, etc.
The total tuition fee for the entire course is between A$ 30,000 to A$ 90,000. After completing the program, graduates can find employment in different managerial roles in several sectors.
One can expect to earn between A$ 55,000 to A$ 170,000 after graduating from the course.
Why select Australia for a Master of Business?
- The Master of Business program in Australia is offered by several top universities.
- Several specialization tracks, such as international business, operation management, business research, sports management, etc., are available.
- Availability of programs accredited by The Association To Advance Collegiate Schools Of Business (AACSB)
- Generous amount of scholarships available to international scholarships.
- Courses taught by experienced faculties with professional experience.
- Availability of internship opportunities and networking with industry professionals via seminars.
Top Universities for Master of Business in Australia
Several top-ranked universities offer a master of Business in Australia. The course duration varies from 1 to 2 years. Some universities allow students with sufficient relevant experience to fast-track their courses.
University |
Program |
Course Duration |
University of New South Wales (UNSW) |
Master of Business |
1 year |
Monash University |
Master of Business |
1-2 years |
The University of Adelaide |
Master of Business Research |
1.5 years |
University of Wollongong |
Master of Business |
1.5 years |
RMIT University |
Master of Business (Management) |
2 years |
Queensland University of Technology |
Master of Business (Management) |
1.5 – 2 years |
Deakin University |
Master of Business (Sport Management) |
2 years |
Griffith University |
Master of Business |
2 years |
La Trobe University |
Master of International Business |
2 years |
Bond University |
Master of Business |
16 months |
Western Sydney University |
Master of Business (Operations Management) |
1 year |
Murdoch University, Australia |
Master of Business |
2 years |
Southern Cross University |
Master of Business (Research) |
2 years |
|
Master of Business in Australia: Tuition Fees
Tuition fees for the above-listed universities and the program offered by the university are listed in the table below.
University |
Tuition fee per year in AUD |
University of New South Wales (UNSW) |
A$ 39,120 |
Monash University |
A$ 45,800 |
The University of Adelaide |
A$ 47,500 |
University of Wollongong |
A$ 35,316 |
RMIT University |
A$ 32,640 |
Queensland University of Technology |
A$ 33,100 |
Deakin University |
A$ 29,200 |
Griffith University |
A$ 33,500 |
La Trobe University |
A$ 39,400 |
Bond University |
A$ 50,655 |
Western Sydney University |
A$ 31,760 |
Murdoch University, Australia |
A$ 31,080 |
Southern Cross University |
A$ 26,000 |
Master of Business in Australia: Entry Requirements
Bond University
- An undergraduate degree in a relevant field
- IELTS score of 6.5 overall with no band below 6.0, TOEFL score of 79, or PTE score of 58 overall.
Monash University
- A bachelor's degree equivalent to an Australian bachelor's degree with a weighted average mark of 60%
- IELTS score of 6.5 with no band less than six or TOEFL score of at least 79 overall with no less than 13 in Reading, 12 in listening, 18 in Speaking and 21 in writing, or PTE score of 58 with at least 50 in each section
University of Wollongong
- A recognized undergraduate degree with a weighted average mark of 50%
- IELTS score of 6.5 overall with at least 6.0 in each band or TOEFL score of at least 86 overall with no less than 18 in reading and writing and 17 in listening and speaking
RMIT University
- An undergraduate degree in a relevant discipline, including a research component
- IELTS score of 6.5 overall with no section less than 6.0 or TOEFL score of 79 overall with at least 12 in listening, 13 in reading, 21 in writing, and 18 in speaking or PTE score of 58 overall with no section below 50
Queensland University of Technology
- An undergraduate degree in any discipline (for two years) or in business (for 1.5 years) with a minimum GPA of 4.0 on a 7.0 scale
- IELTS score of 6.5 with no band less than 6.0 or TOEFL score of 79 overall with at least 16 in listening and reading, 21 in writing, and 18 in speaking or PTE score of 58 overall with no band less than 50.
Murdoch University, Australia
- A bachelor's degree or higher
- A proven professional experience in a relevant field
- IELTS score of 6.0 overall with no band less than 6.0 or TOEFL score of 73 overall with no less than 18 in each mode of communication or PTE score of a minimum of 50 overall with no band less than 50
University of New South Wales (UNSW)
- A bachelor degree
- IELTS score of 7.0 overall with at least 6.0 in each section or TOEFL score of 94 overall with no less than 25 in writing and 19 in other sections or PTE score of 64 overall with at least 54 in each section
Griffith University
- A bachelor's degree with a GPA of at least 4.0 on a 7.0 scale
- IELTS score of 6.5 overall with no band less than 6.0 or TOEFL score of 79 overall with no band less than 19 or PTE score of 58 overall with at least 50 in each section.
Deakin University
- A bachelor's degree or higher
- IELTS score of 6.5 overall with no band less than 6.0 or TOEFL score of 79 overall, or PTE score of 58 overall with no band less than 50
La Trobe University
- A bachelor's degree or equivalent in a business-related field. For degrees not related to business, 5 years of professional experience is required.
- IELTS score of 6.5 overall with no band less than 6.0 or PTE score of 58 overall with no section below 50 or TOEFL score of 79 overall with at least 13 in reading, 18 in speaking, 12 in listening, and 21 in writing
Master of Business in Australia: Scholarships
Australian universities provide different kinds of scholarships for international students as well. This scholarship ranges from a few thousand dollars to a significant reduction in tuition fees.
The following table shows scholarships offered by some of the universities. Besides these university-funded scholarships, international students can access externally funded scholarships.
Moreover, some universities also have dedicated scholarships given to students of the Master of Business program only.
University |
Scholarship |
Amount |
Bond University |
International Stand-Out Scholarship |
Tuition fee remission of up to 25% |
Monash University |
Monash University International Merit Scholarship |
A$ 10,000 per year |
Queensland University of Technology |
International Merit Scholarship |
Tuition fee reduction of 25 % for two semesters or each semester until the completion of the course |
Murdoch University, Australia |
International Accommodation Scholarship |
A$ 3000 |
International Merit Award |
A$ 1000 for one semester |
|
La Trobe University |
La Trobe International Scholarship |
Up to 25% reduction in tuition fee |
The University of Adelaide |
Global Citizens Scholarship |
15 or 30 % reduction of tuition fee |
|
Scope of Master of Business in Australia
After completing the program, graduates can find managerial positions in any field. They can find a job as a business development manager, business analyst, marketing manager, branch manager, operation manager, etc.
Roles |
Range of Salary |
Average Salary Per Year |
Business Development Manager |
A$ 55,000 – A$ 121,000 |
A$ 79,065 |
Marketing Manager |
A$ 56,000 – A$ 120,000 |
A$ 80,074 |
Sr. Business Analyst |
A$ 91,000 – A$ 147,000 |
A$ 117,758 |
Department Manager |
A$ 85,008 – A$ 125,776 |
A$ 112,819 |
Business Operations Manager |
A$ 107,433 – A$ 144,889 |
A$ 129,500 |
Management Consultant |
A$ 60,000 - A$ 162,000 |
A$ 88,663 |
Business Analyst |
NA |
A$ 104,506 |