Top Business University in Australia

Top Business University in Australia

Top Business University in Australia
Ashma Shrestha

Due to its top-ranked universities and thriving economy, Australia is one of the most popular locations for foreign students.

In recent years, the number of international students has increased dramatically due to the excellent quality of education, cultural variety, high-end research possibilities, and promising employment prospects. Then, many of these students are enrolled at Australian Business schools.

Business students in Australia can participate in various practical business experiences, ensuring they will be ready to work when they graduate. This is one of the reasons why Australia has become the study hub for students worldwide who want to pursue business.

Business schools make up a significant part of Australia's present education system. One in every three Australian university students is a business student, according to the Australian Business Deans Council (ABDC).

Australian Universities offer various programs in Business, including Bachelor, Master and PhD. A business graduate in Australia makes between 65,000 to 1,50,000 Australian dollars per year, depending on their qualifications and experience.

Furthermore, a bachelor's degree candidate in Australia is offered a 24 % higher income than a diploma holder. In the same sector, a master's degree earns 29 % more than a bachelor's degree, and a doctorate earns 23 %more.

Tuition fees for business programs at Australian universities range from roughly 50,000 AUD to over 80,000 AUD per year depending upon the study program level. In addition, international students can also benefit from a variety of scholarships offered.

Eventually, it's time to look more closely at which Australian universities offer the best business programs and how they rank worldwide.

Global Ranking of Some of the Top Universities for Studying Business University in Australia

University Name

Location

The University of Melbourne

Parkville, Australia

The University of Sydney

Sydney, Australia

The Australian National University

Canberra, Australia

Monash University

Melbourne, Australia

The University of New South Wales

Sydney, Australia

The University of Queensland

Brisbane, Australia

RMIT University

Melbourne, Australia

Macquarie University

Sydney, Australia

University of Technology Sydney

Haymarket, Australia

The University of Western Australia

Perth, Australia

 

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Top Business University in Australia: Bachelor of Business

In Australia, a bachelor's degree in business is a three- to four-year program more popular among overseas students interested in business development and operations/management. 

A bachelor's degree pays a student 24% more than a certificate or diploma holder. The cost of a bachelor's degree in business ranges from 30,000 to 42,000 Australian dollars per year. 

Undergraduate programs offered at some of Australia's top business universities and course duration are mentioned below.

University

Program

Course Duration

The University of Melbourne

Bachelor of Commerce

3 years

The University of Sydney

Bachelor of Commerce

Bachelor of Economics

Bachelor of Project Management

3 years

The Australian National University

Bachelor of Commerce

Bachelor of International Business

Bachelor of Business Administration

Bachelor of Accounting

3 years

Monash University

Bachelor of Business

3 years

The University of New South Wales

Bachelor of Commerce

Bachelor of Business

3 years

The University of Queensland

Bachelor of Business Management

Bachelor of Commerce

Bachelor of Economics

4 years

RMIT University

Bachelor of Business

3 years

Macquarie University

Bachelor of Business Administration

Bachelor of Business Analytics

Bachelor of Commerce

Bachelor of Economics 

3 years

University of Technology Sydney

Bachelor of Business Administration

Bachelor of Business

Bachelor of Accounting

Bachelor of Economics 

Bachelor of Management

3 years

The University of Western Australia

Bachelor of Business 

Bachelor of Commerce

3 years

Bachelors in Business: Entry Requirement

Academic Requirements

  • The candidates must have completed the high school degree equivalent with a final grade point average of 60-65 % or have finished year 12 with a minimum ATAR of 75 to 80
  • A certificate or diploma holder will have an extra advantage. Additionally, the qualifying requirements differ according to the universities the students choose.

English Language Requirements

  • IELTS:6.5
  • PTE:64
  • TOEFL:87

Documents Required

  • Mark sheet and certificate from the board
  • LOR
  • SOP to study in Australia

Top Business University in Australia: Bachelor of Business: Tuition Fees

University

Tuition Fees in AUD per year

The University of Melbourne

47,232

The University of Sydney

48,000

The Australian National University

45,360

Monash University

47,300

The University of New South Wales

46,790

The University of Queensland

43,200

RMIT University

39,360

Macquarie University

39,600

University of Technology Sydney

41,568

The University of Western Australia

40,900

Top Business University in Australia: Master of Business

A Master of Business program in Australia is generally completed in 1.5 to 2 years. On average, graduate certificate programs last six months, whereas graduate diploma programs last a full year. 

The annual tuition fee ranges from $30,000 to $50,000 to study a master of Business in Top Universities in Australia.

University

Program

Course Duration

The University of Melbourne

Master of Business Administration

Master of Business Analytics

Master of International Business

2 years

The University of Sydney

Master of Commerce

Master of Economic Analysis

Master of Management

Master of Business Law

1.5 years

The Australian National University

Master of Business Administration

Master of Project Management

Master of Marketing Management

Master of Management

1.5 years

Monash University

Master of Business 

Master of Business Analytics

1.5-2 years

The University of New South Wales

Master of Business Administration

Master of Business 

Master of International Business 

Master of Commerce

1 year

The University of Queensland

Master of Business Administration

Master of Business Analytics

Master of Business

2 years

RMIT University

Master of International Business

Master of Business Administration

Master of Business (Business & Law)

Master of Business (Accountancy)

Master of Business (Supply Chain & Logistics)

2 years

Macquarie University

Master of Business Administration

Master of Business Analytics

2 years

University of Technology Sydney

Master of Business Administration

2 years

The University of Western Australia

Master of Business Administration

Master of Commerce

Master of Marketing

2 years

Masters in Business in Australia: Entry Requirements

Academic Requirements

  • Possess a bachelor's degree in the relevant discipline with a minimum of 65%
  • Fulfil the entrance exam criterion for the university
  • Have a major in statistics or maths
  • Work experience including financial obligations (university-specific)

English Language Requirements

  • IELTS: 6.5
  • PTE: 64
  • TOEFL: 87

Documents Required

  • All the academic documents of bachelors, diploma and certificate courses
  • Letter of recommendation
  • SOP for MS in Australia
  • CV
  • Proof of work experience including the documents of project worked on (if applicable)

Top Business University in Australia: Master of Business, Tuition Fees

Now, let's look at the fees associated with master's programs in business in Australian universities.

University

Tuition Fees in AUD per year

The University of Melbourne

47,712

The University of Sydney

52,500

The Australian National University

45,360

Monash University

48,100

The University of New South Wales

40,840

The University of Queensland

38,592

RMIT University

31,680

Macquarie University

40,800

University of Technology Sydney

25,308

The University of Western Australia

40,500

Top Business University in Australia: PhD in Business

Students will receive a comprehensive and in-depth education in a particular professional sector with a Business doctorate (PhD). 

To do a PhD, you must fulfil other requirements besides coursework. Candidates for a PhD degree must show that they can advance knowledge via independent study to   improve their research abilities towards business. 

Universities in Australia also offer doctoral programs. A PhD program in Business lasts three to four years, with annual tuition fees ranging from $35,000 to $40,000.

However, several scholarships, research fellowships, and bursaries are given to PhD students, which minimises the financial pressure on the student.

Here is a list of top Business Universities in Australia offering PhD programs in Business.

University

Program

Course Duration

The University of Melbourne

Doctorate Program in Business Administration and Analytics

Doctor of Philosophy- Business and Economics

3 years

The University of Sydney

Doctor of Philosophy (Business )

3-4 years

The Australian National University

Doctor of Philosophy (Business )

4 years

Monash University

PhD in Business and Economics

3-4 years

The University of New South Wales

Doctor of Philosophy (Management)

Doctor of Philosophy (Taxation and Business Law)

4 years

RMIT University

PhD (Business)

3-4 years

Macquarie University

Doctor of Philosophy (Business )

3 years

The University of Western Australia

Doctor of Philosophy (Economics and Commerce)

3 years

PhD in Business in Australia: Entry Requirement

Academic Requirements

  • Candidates must have completed both a bachelor's and master's degree in the relevant discipline with a score of at least 70%
  • Must have required work experience with the capacity to handle a project

English Language Requirements

  • IELTS: 7.0
  • PTE: 68
  • TOEFL: 96

Documents Required

  • All the academic documents until Masters's degree
  • Letter of Recommendation
  • Statement of Proposal
  • CV
  • Certificate of work experience showing the evidence of project handling under a senior project manager
  • Approved proposal
  • A published Journal can be a plus point

A research proposal that comprises a heading, research topic, importance of the research, techniques, and the necessity for research must be submitted by candidates for the PhD program. The applicant's intended supervisor must approve the research project before it may move further.

Top Business University in Australia: PhD in  Business, Tuition Fees

University

Tuition Fees in AUD per year

The University of Melbourne

47,712

The University of Sydney

50,000

The Australian National University

45,260

Monash University

33,700

The University of New South Wales

35,040

RMIT University

36,480

Macquarie University

34,800

The University of Western Australia

41,500

 

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Top Business University in Australia: Scholarships

Candidates can apply for various scholarships that Australian institutions offer to international students. Similarly, international students can also apply for government and university-specific scholarships. These grant levels are intended to cut the cost of tuition and lodging in half!

The table below lists several scholarship options available to students enrolled in business-related courses.

Scholarship Name

University offering the scholarship

Amount of Scholarship in AUD

Vice-Chancellor's International Scholarship

Macquarie University 

10,000

Monash Scholarship for Outstanding Achievement

Monash University

34,000

Research Stipend Scholarships

RMIT University

32,841 per annum

QUT Excellence Scholarship (Academic)

The University of Queensland

30,000

International Student Award-UNSW

The University of New South Wales

15 % on tuition fees every year of your program 

Joseph Barling Fellowship

The University of New South Wales

30,000

UNSW Robin Crawford Memorial Scholarship for International Students in Australia

The University of New South Wales

5,000

Graduate Research Scholarship

The University of Melbourne

Fee remission and General allowance

Top Business University in Australia: Career and Job Scope

Any business degree can be valuable to people hoping to acquire an excellent job in the business world of the twenty-first century. Business planning and business analytics seems to have had the largest increase of all the disciplines last year, increasing by about 11 per cent, which is more than most others.

The average salary of a  business professional in Australia ranges between 70,000 to 150,000 AUD a year, depending on their experiences and qualifications. In Australia, a candidate with a bachelor's degree is given a pay offer that is 24% more than that of a certificate holder. Similarly, if you own a master's degree, it can increase your salary by 29% over a bachelor's, while a doctorate can increase your salary by 23% in the same business sector.

The table below shows the typical job position of a business graduate in Australia with the average salary range.

Job Position

Average Annual Salary Range in AUD

Business Analyst

80,000-120,000

Project manager

50,000-110,000

Marketing Manager

50,000-120,000

Management Consultant

60,000-115,000

Supply Chain Analyst

50,000-90,000

Strategy Manager

60,000-130,000

Business Operations Specialist

60,000-140,000

Administrative Assistant

40,000-70,000

Business Development Manager

60,000-130,000

Additionally, some of the top Hiring Companies or Recruiters for Business graduates in Australia are:

  • Woolworths
  • Telstra Corporation Ltd
  • Barclays
  • Westpac Banking Corp
  • JP Morgan
  • HSBC Global Asset Management
  • Allianz Global Investors, and so on.

To sum up, Australia provides a relatively secure environment for investing in business courses. The process is streamlined and comparatively simpler, and the universities are outstanding. 

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