June 10, 2022 in Permanent Residencey

Reasons to study an MBA in Australia

For international students, Australia is one of the top study locations. According to the QS ranking, it is one of the top five study destinations for international students seeking an MBA abroad.

According to the Australian High Commission in New Delhi, 70,000 Indian students were studying in Australia in November 2017, up 14.65% over the previous year.

Every graduate nowadays wishes to pursue an MBA (Master of Business Administration) to advance his or her profession.

Pursuing it from a well-known foreign location puts one ahead of the competition. It also gives MBA professionals a head start in their careers and hence study in Australia is part of many students’ plans.

Aspirants, on the other hand, confront a dilemma when it comes to applying to international universities. In this article, we'll go over the application process, the expected course cost and duration, and the eligibility requirements for applying to an MBA program in Australia.

The island nation harbours top-ranking MBA Universities that are most sought after by students. Study in Australia is usually in search of quality education, research opportunities and excellent career prospects.AACSB, AMBA, and EQUIS accreditation is held by all Australian business schools.

They are popular among international students and have received good rankings not only in Australia but around the world.

Below mentioned are the top-ranking colleges providing MBA programs in accordance with the QS subject ranking.

Melbourne Business School
UNSW Sydney Business School
University of Sydney Business School
Monash Business School
UQ Business School
ANU Business School
UTS Business School
UWA Business School
Deakin Business School
Griffith Business School
Macquarie Business School
Aside from that, favourable visa policies attract a large number of students to study in Australia. Australia's universities are internationally renowned and provide courses in the most widely spoken language, English.
These colleges' management programs emphasize instilling leadership traits and providing real-world experience through internships at prominent companies.

There are two primary intakes for university applications in Australia:

February
July
November which is applicable for just a few universities.

Why pursue an MBA in Australia?

An excellent MBA degree is regarded as a stepping stone to success. It not only benefits one's job advancement but also improves the abilities needed to keep ahead in the field and aids networking. There are several reasons to seek an MBA and gain the skills and information needed to advance one's career vertically.

MBA students learn how to successfully manage a firm as well as how to adapt to changing global trends.

Some of the most compelling reasons to pursue an MBA in Australia include:

An MBA in Australia is a globally recognized degree, thanks to the AQF's comparative qualifications for office use.
GMAT scores for MBA applications may or may not be accepted by Australian universities.
International MBA students in Australia can work for up to 40 hours each week while studying. Part-time work opportunities for international students in Australia can be found here.
Every year, Australia has more than 45,500 employment openings for MBA degree holders.

Noosr List

Students interested in studying in Australia may be concerned about the recognition of foreign educational institutions, according to the Noosr List. Experts advise students to assess their qualifications before applying to an MBA program at an Australian university.

It is a procedure in which your credentials are assessed and your educational level is compared to that of the Australian educational system.

It is a fee-based service provided by the Australian Education International-National Office of Overseas Skills Recognition (AEI NOOSR), and it can take up to three months to complete.

List of Skill Shortages

According to the Department of Immigration and Border Protection (DIBP) of Australia's 2017-2018 Skilled Occupation List (SOL), if your occupation is on the shortage list, you have a greater chance of acquiring an Australian Visa.

However, you must still meet all of the other conditions in order to obtain a visa. Even if you do not pass the points test, you can receive an Australian visa if you are under 45 years old and have 6-7 years of professional experience.

Cost

The course content and the cost of the program are two of the most essential elements to consider while choosing a university. Always examine the costs of attending several institutions and choose the one that is most affordable.

The cost of an MBA study in Australia has increased by 5.6% between 2017 and 2018. So, constantly examine numerous aspects that contribute to the cost, such as course price, lodging, travel expenses, and project research.

Living costs in Australia

Aside from the course tuition price, there are additional requirements that must be met. The total cost will be around AUD 20,700, which includes the cost of the accommodation and meals, transportation, various course-related and personal expenses, and insurance.

Eligibility tests and requirements

ELICOS (English Language Intensive Courses for Overseas Students) courses are an Australian version of English language courses for students who do not meet the English language criteria of IELTS / TOEFL / PTE.

Students who need to demonstrate English language competency in order to enrol in a university or vocational college or work can enrol in an ELICOS course. ELICOS courses come in a variety of formats, and students can enrol in any course that meets their needs.

Eligibility/Requirements for MBA in Australia

Bachelor's degree: Candidates must have earned a bachelor's degree from a recognized university in any area.

IELTS: In order to obtain an Australian visa, students must obtain a decent IELTS score. To gain admission to a university, students from non-native English-speaking countries must demonstrate their English language skills. What's the difference between IELTS, TOEFL, and PTE?

Work Experience: Although it is not required, applicants with at least two to three years of work experience will undoubtedly benefit. Candidates with 2-3 years of work experience in their profession are given priority at most colleges.

GMAT: For admission to an MBA program, most Australian universities and colleges recognize the GMAT score. To get into a top university to pursue an MBA, you'll need an excellent GMAT (Graduate Management Admission Test) score. The average GMAT score for admission to an Australian university, on the other hand, is 590.