Top Universities for MBA in Australia


Studying abroad is an experience like no other, offering a unique blend of academic excellence, cultural immersion, and personal growth. Overseas education is an adventure that opens doors to countless opportunities, and if you're considering taking this exciting leap, Australia is a destination that should be on your radar. Australia offers a truly interesting and exciting educational opportunity with its beautiful surroundings, bustling cities, and strong commitment to academic excellence.

But that's not all! For those with a passion for business, Australia is home to a range of top business schools in Australia that cater to the unique needs of international students.

In this blog, we'll take you on a journey to explore the numerous advantages of studying in Australia's top business schools, highlighting the admission requirements, fees and scholarships available for students.

The Essence of an MBA from Australia

The goal of an MBA is to provide postgraduate students with the information, abilities, and analytical framework needed to successfully negotiate the challenges of the business world. It explores a wide range of business specializations, the best including marketing, operations management, accounting, and finance.

Additionally, MBA students get a thorough knowledge of business concepts, strategic decision-making and effective leadership techniques via demanding coursework, practical projects, and real-world case studies.

Lastly, let's focus on Australia's top business schools, discovering more about what makes them special and why they're a great choice for international students looking to have a successful career in business.

Top Universities for MBA in Australia

Australia has one of the best educational systems in the world, and its business schools are no different. An overview of Australia's top ten MBA-granting business schools is provided below:

University of Melbourne - Melbourne Business School (MBS)

Australia's Melbourne Business School (MBS) is a highly-ranked business school with a reputation for having excellent faculty and unique courses. MBS, a division of the University of Melbourne, was established in 1963 and is one of the leading graduate programmes in business and economics in the Asia Pacific area.

With its solid industry contacts, MBS provides chances for practical experience, career-advancing mentorship, internships, and networking. For overseas students, MBS provides options for accommodation and scholarships, and its MBA programmes provide a range of specializations.


MBS Fees are subject to annual review and may be adjusted each year.

The anticipated total course price for the MBA programme at Melbourne Business School for foreign students in 2024 is AUD$107,649


Many scholarships are available to help students pay for their housing at the University of Melbourne. These include the Margaret Abernethy Scholarship for Leadership in Community Engagement, the Alumni Leadership Scholarship, the Brian Lewis Award, and the Cambridge Australia Scholarships.

For overseas students in search of an elite business school, Melbourne Business School is a fantastic choice overall. Numerous MBA specializations, housing choices, and scholarships are provided by this Australian university.

Admission Requirements

  • To be considered for entry, international students must have completed:
  • An undergraduate degree in ANY discipline, or equivalent; and a statement of Purpose
  • An interview or any additional proof the Panel considers necessary (if required).
  • Band 6.5 is the minimal required level of English language proficiency for this course.

University of New South Wales, Australian Graduate School of Management

The University of New South Wales (UNSW) Australian Graduate School of Management (AGSM) provides a highly regarded Full-Time MBA programme taught by executives-in-residence from top government and business institutions as well as internationally recognized academics.

At the Australian Graduate School of Management (AGSM), students participate in real-world, experiential learning opportunities where they gain useful tools and abilities that they can use right away to solve business problems in the real world. Students can also complete the accelerated Full-Time MBA in just 12 months in AGSM.

The Financial Times 2021 Global MBA Rankings place the AGSM Full-Time MBA programme first in Australia and 79th globally. According to the QS 2022 Global MBA Rankings, it is placed 35th in the world. There are various partial and fully-funded MBA scholarships and accommodation bursaries available in AGSM.


Full-Time MBA Program - 12 Months

The 12-month Full-Time MBA Program at the Australian Graduate School of Management (AGSM) at the University of New South Wales (UNSW) costs AUD$6,810 per course for the 2024 academic year, for a total estimated cost of AUD$81,720.

MBA (Extension) Program - 24 Months

The 24-month MBA (Extension) Program at AGSM has a total estimated cost of AUD$106,680 for the 2024 academic year. This includes the AUD$81,720 cost of the Full-Time MBA Program and an additional AUD$24,960 for the extension year.

Note that the amounts listed above are simply estimates for 2024.


International students can apply for many scholarships from the Australian Graduate School of Management (AGSM). Among the particular scholarships offered are: the AGSM Excellence Award Programme, AGSM Scholarship for Leadership Excellence, AGSM Scholarship for Emerging Female Leaders, Scholarship for AGSM Women in Leadership, AGSM Meritorious Alumni Awards, Scholarships for International AGSM Alumni and many more.

The scholarship recipients are chosen through a competitive process that considers their academic achievement, potential for leadership, and dedication to diversity.

Admission Requirements

  • An undergraduate degree or equivalent
  • A minimum of two years of full-time professional or managerial work experience is required after completion of an undergraduate degree.
  • The average GMAT score of more than 650
  • A detailed CV is a requirement of the application process
  • All applicants must meet the University's English requirements regardless of nationality or residency.

Monash University, Monash Business School

Monash Business School offers the Global Executive MBA and Master of Business, a two-year double degree course leading to two master's degrees. This two-year programme includes an international study module, on-campus instruction in Melbourne, applied teaching, and interactions with business and industry leaders. There are also part-time study options, suitable for busy professionals. This course suits students looking to further their leadership and strategic management skills while adding on a specialization in a key business area of their choice. Upon successful completion of this course, students will get two degrees: A Master of Business and a Global Executive Master of Business Administration


The fees for the Global Executive MBA and Master of Business in 2024 are A$73,300. Please be aware that fees are subject to change every year.


A variety of scholarships and sponsorships are available through the Monash Global Executive MBA course to encourage diversity in terms of gender, career, and geography like the Monash Alumni Scholarship and Jane McAloon Scholarship

Admission Requirements

  • An Australian bachelor's degree or equivalent qualification with at least a credit (60%) average, or equivalent Grade Point Average (GPA)
  • Applicants are required to provide detailed curriculum vitae, outlining their employment history and professional experience.
  • At least five years of post-degree management work experience is required

Macquarie University, Macquarie Business School

For international students, Macquarie University's Macquarie Business School offers a two-year MBA course. This MBS-renowned Master of Business Administration (MBA) programme is designed to empower, challenge, and transform international students. It equips students with the business acumen and knowledge necessary to thrive in a changing global economy.

Students can develop their expertise in a variety of cutting-edge fields, such as big data, design thinking, entrepreneurship, global views, logistics and operations, and management skills and strategy while focusing on their core business competencies.


The Master of Business program has an approximate yearly fee of AUD $44,500. This cost may go up every year and is based on a typical full-time study load. It should be noted that this is merely an estimate.


Numerous scholarships are available at Macquarie University, including the Medibank Postgraduate Coursework Scholarship, the Vice-Chancellor's International Scholarship, the India $10,000 Early Acceptance Scholarship, and the Macquarie University Alumni Scholarship. When giving financial support, the university takes into account several variables, including need and hardship, leadership experience, volunteer activity, and sports or academic performance.

Admission Requirements

  • AQF Level 7 bachelor's degree or equivalent, with a weighted average mark (WAM) of 65% or higher
  • Applicants with a WAM of 60% or higher may be considered if they also have a GMAT score of 650 or higher
  • Minimum of three years of full-time equivalent work experience at a managerial or professional level
  • A score of 7.0 or above on the IELTS overall band

Please be aware that fulfilling these requirements does not guarantee admission to the programme; rather, they are the minimal criteria.

University of Queensland, UQ Business School

The University of Queensland (UQ) is an internationally renowned university that often ranks in the top 100 worldwide. One of its top business schools, UQ Business School, provides a wide variety of MBA programs to provide students with the abilities and information needed to succeed in the fast-paced business environment. Extensive selections of MBA specializations are available at UQ Business School.


The tuition fee of the Master of Business Administration programme at the University of Queensland, UQ Business School for overseas students is $91,421, as of 2024.


Aspiring students may be discouraged from pursuing their MBA goals due to financial limitations, which UQ Business School is aware of. For both local and foreign students, the institution provides a range of scholarships to lessen this financial load. Based on an applicant's academic standing, leadership capacity, and personal circumstances, these scholarships aim to assist them.

Admission Requirements

  • Bachelor's degree or equivalent, with a grade point average (GPA) of at least 4.50 on a 7-point scale
  • Graduate Diploma in Business Administration from UQ or equivalent, with a GPA of at least 4.50 on a 7- point scale.
  • A minimum score of 550 on the Graduate Management Admissions Test (GMAT) is required of international applicants.
  • Four years of full-time work experience
  • International applicants must also achieve at least 6.5 overall in the IELTS test (or equivalent test).

University of Western Australia, UWA Business School

According to the QS World University Rankings 2021 Global MBA Rankings, the MBA programme at the University of Western Australia, UWA Business School, is rated #1 in the Pacific area for Entrepreneurship and Alumni Outcomes, and 101–110 globally. According to the rankings, Australian MBA graduates from UWA earn the most, with an average age of 34 and an income of over $200,000.

Whether you want to attend exclusive networking events, work on applied industry projects, or finish a customized leadership development programme, the UWA MBA programme may be tailored to match your specific objectives.


The cost of the MBA programme at the University of Western Australia (UWA) Business School is $67,350.


A range of foreign student scholarships are available from the University of Western Australia (UWA) Business School to assist deserving students from all around the world. These scholarships are intended to assist students in paying for their education and to motivate them to achieve their career and academic objectives. Global Excellence Scholarship, International Student Award, and UWA International Postgraduate Research Awards are a few of the most well-known awards.

Admission Requirements

  • Applicant must have a Bachelor's degree with a grade point average (GPA) of at least 60%, or an equivalent qualification as recognized by the University of Western Australia (UWA)
  • Students must have at least three years of full-time work experience in a relevant occupation
  • IELTS Academic requires an overall score of at least 7.0 and a minimum band score of 6.5 in each section

Australian National University, ANU College of Business and Economics

Enroll in your preferred MBA programme at the top-ranked Australian university, Australian National University (ANU), ranked first in Australia and 27th globally (QS World University Rankings 2022).

The Research School of Management MBA and MBA (Advanced) courses will provide scholarships to all applicants, including up to 30 fee-waiver scholarships, to attract top-tier students.

Admission Requirements

  • A completed Australian National University (ANU) Graduate Certificate of Management with a minimum GPA of 5.0/7.0.
  • A minimum Graduate Management Admission Test (GMAT) score of 600 or higher.
  • A completed Evidence-Based Management EdX MicroMasters with a minimum score of 70% in the final capstone exam.
  • Total professional work experience of 5 years, including at least 3 years of documented management experience.
  • English Language Requirements.


For overseas students, the Australian National University's (ANU) College of Business and Economics charges an approximate yearly fee of AUD 48,035


ANU offers a wide range of to students to assist with the cost of their studies.

University of Technology Sydney, UTS Business School

Select the MBA programme at the University of Technology Business School based on your current position and desired career path. Early career individuals can gain exposure to all major business disciplines through the MBA and online MBA programmes. Before advancing their skill sets with their chosen specialization(s), the course allows students to develop a solid foundation of fundamental business abilities.


MBS Fees are subject to annual review and may be adjusted each year.


The Business School at the University of Technology Sydney (UTS) is dedicated to helping overseas students succeed academically by offering a variety of prestigious scholarships. Among these are the Australia Awards Scholarships, which are funded by the Australian Government.

Furthermore, high-achieving students pursuing postgraduate courses are recognized and awarded the Postgraduate Academic Excellence International Scholarship. With the UTS Postgraduate Foreign Scholarship, UTS Postgraduate Business Scholarship, and UTS Study Abroad Excellence Scholarship, UTS further demonstrates its dedication by offering foreign students a number of financial support options to help them achieve their academic and career objectives.

Admission Requirements

  • Completed a UTS-recognized bachelor's degree, or an equivalent or higher qualification
  • An overall GMAT score of at least 550
  • A minimum of four years of full-time, or equivalent, relevant work experience
  • Academic IELTS: 6.5 overall with a writing score of 6.0

Important Information about Australia's Best Business Universities

  • Australia has some of the greatest business schools in the world, according to global rankings.
  • To meet a variety of interests and professional aspirations, these universities provide a wide choice of MBA courses.
  • Australian business schools emphasize practical learning and industry-relevant skills.
  • Employers worldwide place a high value on graduates from Australian business schools.

Choosing the Right Business School in Australia for Your MBA Aspirations

It's important to do careful research in order to choose the best business school for your MBA goals. The research should certainly include the following:

School Reputation and Rankings:

Take into account the business school's ranking concerning other top business schools as well as its overall reputation.

MBA Specializations:

Select an MBA programme that provides a specialization in line with your professional objectives.

Program Format:

Choose between doing an executive MBA, a part-time MBA, or a full-time MBA wisely.

Admissions Requirements:

Make sure you fulfil the requirements for admission to the course you are interested in.

Networking Opportunities:

Check about the ties the school has with the business sector and its network of alumni


Take into account the program's tuition fee and any related expenses.

Seeking Professional Advice:

To ensure that your choice is well-informed, consult a career counsellor or academic adviser.

You may choose the business school that most closely matches your requirements and ambitions by doing extensive research and giving considerable attention to your professional objectives. Recall that your future career track might be greatly impacted by your choice of business school.

Australia is home to many world-class business schools that offer MBA programs designed to prepare students for successful careers in the global business setting.

Earning an MBA from one of Australia's best business schools is a great and rewarding career. It's a chance to grow professionally, learn new things, and make connections with a wide range of professionals.

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