MBA in Australia
Australia has, in the last century and a half, transformed into a country that takes pride in its status as a vibrant, multicultural economic powerhouse. For the last quarter of a century, the nation has remained immune to economic recession and recorded two decades of unfaltering growth. As an MBA study destination Australia trumps many a country competitor, having the English language as a mainstay and Asia-Pacific as its vantage point.
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Choosing your vantage point
Respondents taking the QS TopMBA.com Applicant Survey 2015 placed Australia in fourth position among the world’s most popular MBA study destinations, at the heels of Anglophone partners, the US, UK and Canada.
There are certainly plenty of options for MBA study in the country. In the most recent edition of the QS Global Business Schools Report, 40% of the institutions ranked for the strength of their full-time MBA across the region of Asia-Pacific are located in Australia.
To gain a view of what individual business schools have to offer, click on the 'top business schools tab'.
Four leaders in Australian MBA education
Melbourne Business School, the University of Melbourne
Situated in the world's most liveable city, according to a 2016 study by the Economist, Melbourne Business School (MBS) is one of Asia-Pacific’s most reputable business schools, on the basis of QS’s most recent regional MBA rankings. The school is about to transform its Carlton campus, aiming to place state-of-the-art learning facilities at an arm's length from Melbourne's premier knowledge district and the Australian Securities Exchange (ASX).
AGSM, University of New South Wales
The Australian Graduate School of Management (AGSM) is the postgraduate arm of the University of New South Wales (UNSW) Business School in Sydney, a school that was formerly led by the Wharton School’s current dean, Geoffrey Garrett. The school’s full-time MBA program runs over 16 months, beginning in January, and asks for a minimum GMAT score of 550, and a minimum of 2 years’ prior work experience. Alumni of the school include Bruce Buchanan, the former CEO of Qantas’ low-cost offshoot Jetstar Airways, now CEO of marketing firm, ROKT.
College of Business and Economics, Australian National University (ANU)
The College of Business and Economics at the Australian National University (ANU) is situated minutes away from the heart of Canberra and offers an MBA course that is designed to facilitate a good level of interaction among participants, with between 20 to 60 individuals in each class or seminar. Students also have the opportunity to work with businesses in and around Canberra as well as throughout the country.
Monash Business School
Monash Business School aims to place as much emphasis on professional development and building the leadership skills of participants as it does on nurturing academic business and commercial expertise. MBA students in the program also embark on experiential projects in technology development, strategy, and entrepreneurship, with an international business project and strategy capstone rounding off the Monash MBA journey.
Further opportunities to study an MBA in Australia
It's impossible to cover every university in the region. Below, in no particular order, is a list of more great business schools in Australia, and even this is not exhaustive!
- La Trobe Business School, La Trobe University
- UQ Business School, University of Queensland
- Sydney Business School, University of Wollongong
- Macquarie Graduate School of Management, Macquarie University
- Graduate School of Business and Law, RMIT University
- UWA Business School, The University of Western Australia
- The University of Adelaide Business School
- QUT Brisbane Graduate School of Business
See the 'MBA careers and ROI' tab to get an idea of how an MBA at a top business school in Australia can fast track your employment prospects.
ROI of an MBA in Australia
Countries in Asia-Pacific have seen steady growth in MBA salary levels in recent years, according to a 2014 QS e-paper, MBA Jobs: Current Global Trends. Within the region, Australia is second only to neighboring New Zealand, in terms of the size of salaries on offer to MBA graduates, according to the QS MBA Jobs & Salary Trends Report 2015/16.
On average MBA graduates in Australia earn US$124,800 per annum, excluding a snug bonus of US$28,400. If you want to choose your MBA on the basis of salary outcomes, the AGSM at the University of New South Wales could be a good target, topping the year’s salary charts with an average salary of US$139,900 among MBAs graduating from its class of 2014.
Also noteworthy is the fact that the costs of doing an MBA in Australia can be highly competitive, when compared to those on offer from the most prestigious business schools in the US and Western Europe. With so many pros to studying an MBA in Australia, refuting the country as an excellent MBA study destination is simply impracticable.