MBA In Melbourne: Know Top Colleges, ROI, Fee!

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Australia has proven to be a good location for international students, including Indian students, to pursue higher education. MBA in Melbourne is graced with the top universities in the region. Among the many cities in the country, Melbourne has proved to be the leading hub for higher education, with top study and career development opportunities.

MBA is among the most sought-after graduate programmes globally, presenting multiple career paths and specialisations. There are various MBA courses in Melbourne that Indian students can pursue, from an MBA in marketing or finance, which applies to multiple industries. The colleges in Melbourne offer different packages with varying completion timelines, fees, specialisations, and entry requirements.

MBA in Melbourne Highlights!Course NameMBACourse Duration1-2 YearsCourse LevelPostgraduate CourseStudy ModePart-time | Full-timeAcademic RequirementsRelevant undergraduate degreeEnglish ProficiencyIELTS (6.5 – 7)  TOEFL (75 – 90)GMAT or GRE Scores550 – 705Job OpportunitiesBanks Managers, Human Resource Managers, Marketing Managers, Analysts, Financial Managers

Top Colleges For MBA In Melbourne

The top universities in Melbourne are reputable for their specialisations in various niches. However, the best MBA universities in Melbourne are mainly business schools. This is a no-brainer because the course is within the business faculty and takes a university that specialises in the course to teach the best MBA courses in Melbourne. The top universities to study master of business administration Melbourne include:

University QS Global MBA Ranking 2023The University of Melbourne1University of New South Wales2Monash University3Macquarie University4The University of Western Australia6Australian National University7RMIT University11Victoria University15

MBA In Melbourne Requirement – Eligibility Criteria 

Pursuing an MBA in Melbourne for Indian students comes from various qualifications that should be met to be accepted for admission. While there is a standard set of requirements, some MBA colleges in Melbourne may have their unique eligibility criteria. It’s essential to include all the necessary documents, from a Statement of Purpose for MBA to a Student Visa, to be accepted for admission. Some of the admission requirements and documentation for international students include the following:

Admission Requirements-Bachelor’s degrees with a minimum of 65% in any discipline-An average of 2-3 years of job experience-GMAT score of 550 – 705-IELTS: 6.5 – 7 | TOEFL: 75 – 90Necessary Documentation-Academic transcripts-Competitive exam scorecard-2 Letters of Recommendation-Statement of Purpose-MBA Essays-Detailed CV/Resume-Research proposal (optional)-Photocopy of your passport-Australia Student Visa

MBA Cost Or Fees In Melbourne   

The cost to study MBA in Australia varies depending on the university you’ll opt for, your specialisation, and your mode of study. The cheapest MBA in Melbourne for international students starts at 56,000 AUD, going all the way to 89,000 AUD across all colleges in the city. 

You can check the exact MBA cost Melbourne in the respective university catalogues provided by the universities. You can also connect with UniScholars experts to understand the same. 

Work Permit After MBA In Melbourne

Upon the completion, international students may qualify for a post-study work visa in Australia. The Temporary Graduate Visa (Subclass 485) includes a Post-Study Workstream, allowing recent graduates from Australian institutions to reside, work, and study in the country. 

The visa’s duration is contingent on the level of study and the institution’s location. For instance, a Master’s degree may result in a visa valid for 2-4 years. Fulfilling specific eligibility criteria is crucial, which involves holding a degree from a CRICOS-registered course and satisfying English language proficiency standards.

The visa is not limited to particular fields of study, making MBA graduates eligible provided they meet the other prerequisites. Australia is a sought-after destination for global students, boasting numerous options for pursuing an MBA. With over 30 universities and private providers offering MBA programs, students have a diverse range of choices.

MBA Scholarships In Melbourne 

If you can’t fund your Melbourne MBA fees, consider applying for scholarships to study MBA in Australia to give you full or partial financial aid for your masters programme. Some scholarships also put students in communities, provide them with leadership benefits, expose them to opportunities, and cater for expenses such as accommodation and books for MBA. Check out the scholarships here: 

ScholarshipDescriptionMelbourne Business School MBA ScholarshipsMelbourne Business School provides various scholarships for MBA students, including the Women in MBA scholarship, the Emerging Leaders scholarship, and the Global Business Practicum scholarship. These scholarships offer financial aid to students demonstrating academic excellence, leadership potential, and community involvement.Australian Government Research Training Program (RTP)The RTP furnishes financial support to both domestic and international students pursuing research-based postgraduate degrees, including MBA programs, at participating Australian universities. This scholarship covers tuition fees and provides a stipend for living expenses.Destination Australia ScholarshipThe Destination Australia Scholarship, funded by the government, offers financial assistance to domestic and international students studying in regional Australia. This scholarship applies to MBA students opting to study at a participating regional university.University-specific scholarshipsNumerous universities in Melbourne extend scholarships for MBA students, such as the Monash MBA International Women in Leadership Scholarship, the RMIT MBA Scholarship, and the Deakin MBA Scholarship. These scholarships vary in eligibility criteria and award amounts, necessitating verification with each university for specific details.

Specialisations

MBA is broad, and students can specialise in various niches depending on the profession they eventually want to settle for. The highest-paid specialisation in MBA is in marketing and finance because they are ever-evolving industries that call for innovations. The top disciplines include:

MBA in Marketing

MBA in Finance

MBA in Insurance & Risk Management

MBA Healthcare Management

MBA in Productions

MBA in Logistics and Supply Chain Management

MBA in Data Analytics

MBA in Human Resources

MBA Operations

MBA in Banking

MBA Salaries & Top Recruiters in Melbourne

There are various job profiles that you can adopt after pursuing your MBA or MIM. The top streams in MBA are in high management positions across multiple industries. Different recruiters will pay differently, but the average range is 120,000 – 230,000 AUD annually, depending on the type of MBA (MBA/EMBA) and specialisation.

MBA Salaries & Top Recruiters in MelbourneTop Jobs for MBA Courses MelbourneBanks Managers, Human Resource Managers, Marketing Managers, Analysts, and Financial ManagersTop Recruiters for MBA in MelbourneCommonwealth Bank of Australia, JP Morgan, Barclays, ANZ Banking Corporation, and Allianz Global Investors

Why Study In Melbourne?

So why study in Australia? Melbourne is the best destination to study for your MBA. Some of the reasons to pursue MBA in Melbourne for international students include:

According to QS Best Student Cities, after Paris, Melbourne is the world’s second-best city to study in.

Melbourne has a well-developed public transportation system, making it penetrable with options from trains, trams, and buses.

Melbourne boasts of the world’s most varied universities and student communities.

Melbourne welcomes many foreign corporations to establish research and development activities.

Melbourne ranks 10th in the best cities in matters of employability

Melbourne is Australia’s cultural hub.

FAQs

What Is the Cost of MBA in Melbourne in Indian Rupees?

The cost of an MBA in Melbourne in Indian Rupees can be calculated to exact figures by using the current exchange rates of 1 AUD = 54.82 INR.

Is Melbourne Worth It for an MBA?

MBA in Melbourne is worth it as the city has multiple universities and job opportunities. 

Does an MBA Get PR in Australia?

You can apply for PR after your MBA degree in Australia.

Which MBA Has the Highest Demand in Melbourne?

MBAs in marketing and finance have the highest demand in Melbourne.

How Long Can I Stay in Melbourne After an MBA?

You can stay for an additional 18 in Australia with a post-MBA work visa.

Is There a 1-Year MBA?

The full-time MBA takes one year.

Is IELTS Compulsory?

IELTS test scores are compulsory for admission to the MBA in Melbourne.

Can I Settle in Melbourne After Masters?

You can stay up to 4 years with a work visa after your master’s in employment.

What Is the Duration of MBA in Melbourne?

MBA in Melbourne takes 1-2 years.

Which Is the Best University for an MBA?

The University of Melbourne is the best for an MBA in the city.

The post MBA In Melbourne: Know Top Colleges, ROI, Fee! appeared first on UniScholars.

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