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 |
|
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 |
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 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 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 |
|
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.