Australia is one of the top five countries in the world that offer globally recognized MBA degrees.
In 2024, nine Australian universities were ranked in the top 100 by QS Global MBA, including Melbourne Business School, which was ranked 30th globally. These globally ranked universities are recognized by esteemed organizations like AACSB, AMBA, and EQUIS, which adds significant value to your degree worldwide.
Given Australia’s business landscape, there are strong job prospects for you after earning an MBA in Australia. As an MBA graduate, you can find multiple high-paying opportunities across various industries like finance, consulting, and technology.
A fresher with an MBA in Australia can make AUD 60,000 to AUD 80,000, a competitive salary per global standards. Overall, pursuing an MBA in Australia offers you great ROI because of the high starting salary and career growth.
In this guide, we explain everything you need to know about your jobs after MBA in Australia.
Why study for an MBA in Australia?
Studying for an MBA in Australia has been a top choice among students worldwide for many years.
This is because Australian universities are some of the world’s highest-ranking institutes For instance, according to the QS Global MBA Ranking 2024, 9 Australian universities were ranked in the top 100 globally.
As for the graduate employability rates in Australia, the latest QS World University Rankings are a reliable source for you to understand the landscape.
According to the official surveys by the Department of Education, Australian Govt., the employability rate for postgraduates who are currently working in the country is 89%.
Look at the image below to get more data on the same.
Now, a question, the answer to which, every prospective student looks for – “Will the jobs after MBA in Australia get me good ROI?”
And the answer? See for yourself. This is what an official survey taken of international students in Australia says –
Now, what if you’re employed outside of Australia after completing your MBA? Would your connections or experience of studying in the country still be useful? Here’s what the survey has to say about the same.
Also Read: Scholarship to Study in Australia For Indian Students: How To Apply
Types of MBA in Australia
Some of the major types of MBA offered in Australia include:
- Full-time MBA
- Part-time MBA
- Online MBA
- Flexible MBA
- Global MBA
- Executive MBA
Students can study general management subjects or pursue different specializations to land successful careers.
Next, let’s find out some of the popular MBA programs in Australia.
Top MBA programs in Australia
Australia is an attractive destination for business students pursuing various specializations ranging across finance, marketing, HR, and entrepreneurship. Here is the list of various MBA courses offered:
| Course name | Specialization |
| MBA in Finance | Financial Management, Risk Management, Corporate Finance, and Investment Analysis. |
| MBA in Marketing | Market Research, Brand Management, Digital Marketing. |
| MBA in Entrepreneurship | Venture Planning, Startup Management, Business Planning. |
| MBA in International Business | Global Business Environment, Cross-Cultural Management, Global Strategy. |
| MBA in Healthcare management | Risk Management, Health economics, Accounting, Health insurance |
| MBA in Technology Management | Innovation Management, Technical Project Management, IT Project Management. |
Next, let’s find out the eligibility criteria to study for an MBA in Australia for Indian students.
Also Read: All You Need To Know About Student Loans for Australia
Eligibility criteria to study an MBA in Australia
Before applying, it is important to understand the eligibility criteria for an MBA in Australia. Here’s an overview of the requirements:
- Minimum 15 years of academic study
- A minimum of 65% score in your undergraduate studies
- English proficiency test scores (IELTS, TOEFL)
- GMAT test score, preferably above 650 for high-rank universities
- Relevant work experience (if any)
Program duration for MBA in Australia
A Master of Business Administration (MBA) in Australia typically takes 15 months to 2 years to complete. For example, the University of Australia and JCU Australia offer a two-year MBA study. However, some universities also offer one-year programs.
Full-time students usually finish in 18 months, while part-time students typically finish in three years. For example, The University of Sydney Business School offers an 18-month MBA program.
Some programs also offer opportunities to fast-track studies. These programs are offered at universities like the Australian Institute of Business, The University of Sydney, and La Trobe University.
Next, let’s understand the expenses involved in pursuing an MBA in Australia.
Cost of studying for an MBA in Australia
The tuition fee is the biggest component of the cost, and it depends on the university, program duration, and the specialization you choose.
Here is a list of some popular universities in Australia and their annual tuition costs.
| University Name | Annual fees |
| Melbourne Business School | AU$106,650 |
| UNSW (AGSM) | AU$81,720 |
| University of Sydney Business School | AU$55,000 |
| UQ Business School | AU$91,421 |
| Monash Business School | AU$53,000 |
Here are some other popular business schools and their annual tuition costs.
| University Name | Annual fees |
| Macquarie Business School at Macquarie University | AU$16,000 and AU$23,500 |
| Australian National University | AU$48,035.00 |
| University of Western Australia Business School | AU$57,600.00 |
| RMIT University School of Business and Law | AU$48,960 |
| Unisa Business School University of South Australia | AU$ 43,800 |
| University of Technology Sydney Business School | AU$116,250 |
Cost of living in Australia
Living costs include accommodation, food, transportation, utilities, and other expenses, which can boil down to $2,500 to $4,000 per person. Here is a detailed breakdown of the cost of living.
Accommodation (Annual estimation)
| Homestays | AU$19,240 |
| Shared houses | AU$11,804 |
| One-bedroom unit | AU$24,492 |
| Managed apartment | AU$20,280 |
Transport (Annual estimation)
| Bicycle | 0 |
| Public Transport | AU$1,508 |
| Car | AU$3,448 |
Miscellaneous (Annual estimation)
| Gyms | AU$520 |
| Mobile plan | AU$832 |
| Cinema | AU$1,040 |
Also Read: All about Australian government scholarships for Indian students
What Skills Do You Need for MBA Jobs in Australia
You must hone your management skills to get the best jobs after your MBA in Australia.
But what are all these skills? And will your degree help you with those skills?
In a survey, 74% of ex-international graduates said that their degrees were of great value for the intended workplace.
Now, what are these skills that you absolutely need to get a good MBA salary in Australia? Have a look.
Communication/ English Language Skills
As evidenced by the survey above, if you wish to work in Australia after earning your MBA, you must have a good command of your English speaking and writing skills.
Now, you must be thinking that you anyway pass English language tests to get admission to the intended university. That should be enough.
Unfortunately, your scores are not what counts when you are working amongst natives in a country with English as the official language.
In fact, one of the major employability issues concerning international students in the country is their weak cross-cultural communication skills, including English speaking skills.
So, build your network while you’re studying. This will also help build your confidence in communicating with natives.
But, English isn’t enough to make your communication skills strong. You also need to learn things like negotiation, public speaking, active listening, emotional intelligence, conflict resolution, etc.
Entrepreneurial Skills
The world of business is in constant change, and if you want to keep up with it, you need to shapemould yourself to fit in that change.
“Survival of the fittest.”
That will be your mantra for getting a high MBA salary in Australia. So, you must have a strategic vision and the ability to cultivate a culture that empowers creative ideas.
Grab every opportunity you get during your MBA to sharpen your productivity, creativity, and solution-finding skills.
Leadership/ Management Skills
You are or have pursued an MBA. So, it would be stating the obvious that you would be expected to have management and leadership skills. And that these skills will take you to the position of a leader in an organization.
There are many tips, books, and content pieces out there teaching you how to be a great leader. But the crux of it all is to create a vision that helps uplift and motivate your team members toward a shared goal.
During your MBA, get involved in group projects. Learn from your group leaders, and if the opportunity presents itself, lead your group and learn from your experiences.
Research and Analysis Skills
Being in a leadership position, knowing how to resolve a problem at the earliest and in the most effective way could be one of your daily tasks.
Even during your interviews, you would be given assignments or situations where you are required to analyze the details, research, and then provide solutions.
Good thing that an MBA in Australia includes a curriculum that helps you understand data, create solutions, filter information, manage change, etc.
What’s an MBA Salary in Australia?
We could give you a range of initial average MBA salaries in Australia. But, whether or not that number will become your future is a matter of individual competencies.
There are several factors that come into play while bagging a handsome salary package. It depends on –
- Your personal skills,
- Your employer,
- Your field or specialization,
- The location of your employer,
- The offered role, etc
You can check out salaries for different roles and specializations to get a better idea.
Highest Paying Roles for MBA Jobs in Australia
Here are some roles with high-paying MBA salaries in Australia.
| Job Roles | Median Salary in AUD | Median Salary in INR (approx.) |
| Marketing Manager | AUD 103,000 | ₹ 57.2 L |
| CEO | AUD 192,252 | ₹ 1.06 C |
| General Operations Manager | AUD 128,463 | ₹ 71.36 L |
| Project Manager | AUD 110,918 | ₹ 61.61 L |
| Sr. Business Analyst | AUD 111,596 | ₹ 61.99 L |
| Operations Manager | AUD 105,848 | ₹ 58.79 L |
| Analyst Manager | AUD 118,820 | ₹ 66 L |
| Data Scientist | AUD 99,510 | ₹ 55.27 L |
| Management Consultant | AUD 114,000 | ₹ 63.32 L |
| Human Resource | AUD 90,000 | ₹ 49.99 L |
| Risk Analyst | AUD 104,000 | ₹ 57.75 L |
Source: Payscale
Highest Paying MBA Specialisations in Australia
Here are some top-paying MBA specializations for you to explore –
| MBA Specialisations | Top Job Titles in the Field | Average Salary Range (in AUD) | Average Salary Range (in ₹) |
| Finance | Chief Financial Officer (CFO), Financial Analyst, etc | AUD 86,392 – AUD 193,000 | ₹ 47.9 L – 1.07 Cr |
| Technology | Chief Technical Officer (CTO), Computer Systems Analyst, Chief Information Officer (CIO), Information Technology Director, etc. | AUD 89,000 – AUD 209,000 | ₹ 49.38 L – 1.15 Cr |
| Healthcare | Health Services Manager, Medical Administrator, Primary Health Organisation Manager, etc | AUD 99,688 – AUD 105,362 | ₹ 55.32 L – 58.45 L |
| Marketing | Marketing Manager, Marketing Analyst, etc | AUD 100,000 – AUD 127,560 | ₹ 55.48 L – 70.77 L |
Source: Victoria University
Top Universities for Good MBA Salary in Australia
The university you choose for your MBA matters. Your university’s connections, the kind of recruiters that visit your school, and the average package offered to its students play a significant role in your MBA salary in Australia.
So, as per the latest rankings, here are some Australian universities with high ROI for an MBA.
| Top MBA Universities | Average Salary Offered |
| University of Queensland Business School | ₹ 1.12 Cr |
| MGSM Macquarie Graduate School of Management | ₹ 85.15 L |
| University of Western Australia Business School | ₹ 76.36 L |
| Monash University: Monash Business School | ₹ 74.17 L |
| Deakin University – Deakin Business School | ₹ 73.07 L |
| Melbourne Business School | ₹ 68.67 L |
| University of New South Wales: Australian Graduate School of Management (AGSM) | ₹ 65.92 L |
| The University of Sydney Business School | ₹ 61.53 L |
| Australian National University (ANU) | ₹ 54.39 L |
Wondering whether these are the right fit for you? Then, let us help you find what’s best for you!
How to choose the right MBA College in Australia?
That is a big question: How do you decide on a university that will offer the best education and opportunity for the best MBA fresher jobs in Australia?
From India, thousands of miles away, it is impossible to know. Let’s say a couple of your friends and cousins have received MBA finance jobs in Australia or MBA HR jobs in Australia after graduation. It is too small a sample to offer correct feedback.
That is why we have created SelectRight to help you.
SelectRight uses an AI algorithm to match your requirements with the right university and MBA program. The key features of SelectRight are:
- AI-powered search algorithm analyzes 40,000+ programs across 4,000+ universities, using 8 million data points for best-fit options.
- Encourages choosing programs with better loan options for optimal funding.
- We connect you with student mentors for unbiased advice.
Join 60,000 Indian students who found their dream uni. Click here to begin.
Clutter, or SelectRight? You choose.
Career opportunities after MBA in Australia
There are plenty of jobs for MBA graduates in Australia. The economy offers diverse opportunities for career growth and advancement. Let’s delve into some of the key job opportunities for MBA graduates in Australia.
Financial Analyst
As a financial analyst, you’ll play a crucial role in analyzing financial data and evaluating investment opportunities. This is a lucrative profession for those seeking MBA finance jobs in Australia. The average annual salary for financial analysts in Australia ranges from AUD 80,000 to AUD 100,000.
Marketing Manager
Marketing managers are necessary for developing and executing marketing strategies.
With competitive salaries ranging from AUD 75,000 to AUD 110,000 per year, this role presents attractive opportunities for those seeking jobs after an MBA in Australia.
Human Resources Manager
HR managers are responsible for talent management, including recruitment and employee relations. With average annual salaries ranging from AUD 75,000 to AUD 100,000, pursuing a career as an HR manager offers a good work-life balance. This is one of the least stressful jobs for MBA graduates in Australia.
IT Manager
IT managers play a pivotal role in driving technological innovation. They manage IT systems and ensure seamless operations. Their compensation is high and ranges from AUD 90,000 to AUD 130,000. This role presents brilliant job opportunities for MBA graduates in Australia who have a keen interest in technology.
Financing education in Australia
Education in Australia can cost AUD 60,000 per year. That translates to slightly more than ₹32 lakhs.
A student loan is the most obvious mechanism for students to finance their education. However, loan-search can be frustrating. One of the main problems is that you have to visit from branch to branch and submit documents again and again.
That is why we have created FundRight. Here, you can apply for educational loans without the hassle and legwork.
How does it work?
- Visit FundRight
- Set up a profile
- Upload documents
- Take advice from our experts
- Get a loan in a week.
Why wait? FundRight can get you loan offers in just 2 days. Apply today.
MBA in Australia Highlights
- Students can earn an MBA degree in as little as one year
- Students can earn an average salary of AU$85,000 after graduating
- Students can work part-time up to 20 hours per week while studying, or dependents can work up to 40 hours per fortnight
- Students may be eligible for scholarships that cover up to 100% of their tuition fees
- Australia also offers a three-year post-study work permit
Requirements for doing a job in Australia
If you’re an Indian seeking job opportunities for MBA graduates in Australia, here’s a concise guide to help you:
- Work Visa: Obtain a valid work visa for MBA fresher jobs in Australia.
- Skills and Qualifications: Ensure you have the necessary skills and qualifications for your desired job.
- English Language Proficiency: Demonstrate proficiency in English through language tests like IELTS or TOEFL.
- Health and Character Checks: Undergo health examinations and provide police clearance certificates.
- Employer Sponsorship: Secure a job offer from an Australian employer willing to sponsor your visa.
- Tax File Number (TFN): Apply for a Tax File Number (TFN) from the Australian Taxation Office (ATO).
- Workplace Rights and Regulations: Understand Australian workplace rights, including minimum wage laws and safety standards.
Top Recruiters Offering High MBA Salary in Australia
For different fields or areas of specialization, here are some top recruiters that you may come across while getting an MBA job in Australia.
| Fields | Recruiters | Initial Package Offered |
| Human Resource Management | Hays | AUD 90,000 |
| Randstad Australia | AUD 84,000 | |
| Atherton | AUD 80,000 | |
| West Recruitment | AUD 92,000 | |
| World Courier | AUD 92,000 | |
| Finance | Allianz | AUD 48,000 – 85,000 |
| Commonwealth Bank of Australia | AUD 87,000 – 164,000 | |
| Westpac Banking Corp. | AUD 62,000 – 110,000 | |
| Cognizant | AUD 67,000 – 111,000 | |
| Deloitte Consulting LLP | AUD 65,000 – 110,000 | |
| Meting | Westpac Banking Corp. | AUD 103,000 |
| Telstra Corp. Ltd. | AUD 87,000 – 202,000 | |
| ANZ | AUD 81,000 – 143,000 | |
| ASC_PTY Ltd | AUD 79,000 – 176,000 |
How to find a job in Australia?
If you’re looking to find a job for MBA graduates in Australia, we have some strategies to share:
- You have completed your degree. Now, you are looking for jobs for MBA graduates in Australia. The first step is to create a CV. Remember, CVs are first read by software. Make sure the CV is Applicant Tracking System compliant.
- Find employment opportunities. There are many popular employment sites in Australia that you can check out. Some of them include – CareerOne, Seek, Adzuna, etc.
Make good connections with your professors and people you meet during industry visits or through guest lectures. They are likely to recommend you for some exciting opportunities.
- Why not take the initiative? Instead of wondering how to get a job in Australia after an MBA, start applying to a few MNCs. Indian IT majors such as Infosys, Wipro, and Tata Consultancy Services are present. You can also work for major multinationals such as Rio Tinto and Westpac Banking Corporation.
Frequently Asked Questions About Jobs After MBA in Australia
Depending upon your skills, specialization, employer, location, and many such factors, your MBA salary in Australia can vary anywhere from AUD 50,000 to AUD 200,000.
This is a short-term visa that the Australian Government has introduced to cater to the shortage of skills in the country. If you are eligible, you will be able to work for up to 4 years in the country through this visa.
Yes, you can get a PR in Australia through different avenues that the country provides to a skilled international worker. Some avenues include RSMS (Regional Sponsored Nomination Scheme), ENS (Employer Nomination Scheme), GSM (General Skilled Migration), etc.
Is it possible to travel while holding an Australian student visa?
As an international student studying in Australia, your travel has no restrictions.
You have the opportunity to travel back to your home country anytime. There are no specific limits or travel restrictions on these visas.
You need a subclass 500 visa to work while studying. This is earning while you learn.
International students can work up to 40 hours per fortnight (approximately 20 hours per week) during study periods.
As an international student studying in Australia, your travel has no restrictions.
You have the opportunity to travel back to your home country anytime. There are no specific limits or travel restrictions on these visas.
