Master of business in Australia

Master of business in Australia

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Karuna KarkiWed Oct 27 2021

Master of business in Australia is a 1 to 2 years program that focuses on providing comprehensive business education at the same time developing leadership and analytical skills. 

Some of the universities have programs that cover 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 a number of different sectors for different managerial roles. 

One can expect to earn anywhere between A$ 55,000 to A$ 170,000 after graduating from the course.

Why select Australia for 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 to choose from.
  • 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

Master of Business in Australia is offered by several top-ranked universities. The course duration varies from 1 to 2 years. Some universities allow students with sufficient relevant experience to fast track their courses.

Rank

University

Program

Course Duration

43

University of New South Wales (UNSW)

Master of Business

1 year

58

Monash University

Master of Business

1-2 years

108

The University of Adelaide

Master of Business Research

1.5 years

193

University of Wollongong

Master of Business

1.5 years

206

RMIT University

Master of Business (Management)

2 years

213

Queensland University of Technology

Master of Business (Management)

1.5 – 2 years

283

Deakin University

Master of Business (Sport Management)

2 years

290

Griffith University

Master of Business

2 years

362

La Trobe University

Master of International Business

2 years

451

Bond University

Master of Business

16 months

494

Western Sydney University

Master of Business (Operations Management)

1 year

581-590

Murdoch University, Australia

Master of Business

2 years

751-800

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 is 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 or TOEFL score of 79 or PTE score of 58 overall.

Monash University

  • A bachelor degree equivalent to an Australian bachelor degree with a weighted average mark of 60%
  • IELTS score of 6.5 with no band less than 6 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 2 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 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 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 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 also have access to externally funded scholarships.

 Moreover, some universities also have dedicated scholarships that are given to students of the Master of the business program only.

University

Scholarship

Amount

Bond University

International Stand Out Scholarship

Tuition fee remission 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 1 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

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