Melbourne has been named one of the most liveable and international student- friendly cities in the world. The title is awarded to the city with the highest scores in stability, healthcare, culture and environment, education and infrastructure. Melbourne is a great choice for study abroad if you want a world-class education, a rich cultural experience and an enjoyable life. This blog will teach you everything you need to know about getting an MBA in Melbourne for those wanting to study in Australia .
| Course name | MBA |
| Course level | Postgraduate course |
| Duration | 1-2 years |
| GMAT or GRE | 550 – 705 |
| Knowledge of English | IELTS ( 6.5 – 7) TOEFL ( 75 – 90) |
| Job Profiles | Bank managers, analysts, HR specialists, financial managers, marketing managers |
Check out our news about Australia’s travel restrictions being eased for international students in 2022!
Why study in Melbourne?
Below are the top reasons to study in Melbourne:
- Melbourne is the number one choice for students around the world when it comes to studying. The rest of the world agrees, as it has been voted Australia’s best city for international students. Melbourne is the second best city to study in the world after Paris according to QS Best Student Cities.
- Melbourne has a good public transport system, including trains, buses and trams, making it easy to get around the city. In Melbourne, especially in the city centre, the need for a car is limited due to the availability of taxis and cycle routes.
- Melbourne offers the most diverse student communities and universities in the world, making it the most attractive destination for international students. As an international student, you can choose from any of Melbourne’s top educational institutions if you are looking for a good standard of education and a wide range of study programmes.
- Melbourne invites numerous foreign corporations to engage in development and research as it is a city of top knowledge. Melbourne is one of the top ten cities in the world for employment.
- Melbourne is considered the cultural center of Australia. From breathtaking beaches to bustling nightlife and food culture, there’s something for everyone. The city is ranked third best in the world for student experience.
Here’s a study abroad guide to why you should study in Australia !
Best Universities in Melbourne for MBA
The following are the best universities in Melbourne offering MBAs, according to the QS World University Rankings 2023 :
| Universities in Melbourne | QS World University Rankings 2023 |
| RMIT University | #190 |
| University of Melbourne , Melbourne Business School | #33 |
| La Trobe Business School | #316 |
| Victoria Graduate School of Business | #701-750 |
Find out more about the University of Melbourne admission rate !
Best Australian Universities for MBA
The table below shows the top universities in Australia for MBA according to the 2023 QS Global MBA rankings:
| University | QS Global MBA Ranking 2023 | |
| University of Melbourne | 1 | |
| University of New South Wales | 2 | |
| Monash University | 3 | |
| University of Western Australia | 6 | |
| Macquarie University | 4 | |
| Australian National University | 7 | |
| University of Victoria | 15 | |
| RMIT University | 11 |
MBA in Melbourne for international students
Melbourne offers a wide range of MBA degrees to suit the different interests and needs of international students. Some of them are listed below:
| Program name | Duration |
| Full-time MBA degree | 2 years |
| Part-time MBA | 3-6 years |
| Executive MBA | Varies (usually 1–3 years) |
Here’s a detailed guide to learn more about MBA in Australia in 2022 !
Best MBA Programs in Australia
- MBA in Marketing
- MBA in Finance
- MBA in Digital Marketing
- MBA in Insurance and Risk Management
- MBA Operations
- MBA in Manufacturing
- MBA Healthcare Management
- MBA in International Business
- MBA in Logistics and Supply Chain Management
- MBA in Banking
- MBA in Agribusiness
- MBA in Entrepreneurship
- MBA in Data Analytics
- MBA in Agriculture
- MBA in Energy Management
- MBA in Communications
- MBA in Human Resources
Eligibility for an MBA in Melbourne
When applying for an MBA from any university in Melbourne, you must meet the following minimum requirements to study in Melbourne:
- A bachelor’s degree in any discipline is acceptable (some schools prefer certificate degrees in business-related fields) with a minimum of 65%.
- At least two letters of recommendation from former employers or academics.
- Legitimate GMAT or GRE scores are also required , as are English language proficiency assessments such as IELTS / TOEFL.
- Average 2-3 years of work experience (may not be required by some universities)
Required documents
- Transcripts of your previous courses
- Competitive Exam Form
- Photocopy of your passport
- Detailed summary
- MBA Essay
- Letter of recommendation
- Declaration of intent
- Research proposal (optional)
- Other Important Certificates and Transcripts
- Student visa to Australia
Score requirements
| Tests | Minimum Scores Required |
| IELTS | 6.5 – 7 |
| TOEFL | 75 – 90 |
| GMAT | 550 – 705 |
MBA in Australia GMAT Requirements
| University | GMAT Requirements |
| University of Melbourne | 705 |
| University of Technology Sydney | 550 |
| University of Western Australia | 650 |
| University of Queensland | 550 |
| Australian National University | 600 |
| RMIT University | 550 |
Note. Since the scorecard is valid for two years, students must check the university schedule and apply for admission accordingly.
Here is a list of important documents required for studying abroad
MBA application process in Melbourne
Here is a general step-by-step guide to help you apply for an MBA in Melbourne:
- Visit the official website of the university if you are interested in enrolling.
- Study the course plan, as well as prerequisites.
- Select the application form for the appropriate university.
- You will need to register using your email address.
- Enter your personal information using the login credentials provided in your email (name, gender, date of birth).
- Enter your academic details and attach the required documents.
- Select a course and submit your application.
- Each institution has a registration fee that must be paid.
- Complete and submit the application. Some colleges will ask selected students to participate in a virtual interview.
MBA in Australia without GMAT
If you do not have the required GMAT scores, you do not have to worry as there are universities in Australia that do not ask for a GMAT score or providing a GMAT score is not mandatory. Below are the universities in Australia that allow you to pursue an MBA in Australia without the GMAT:
- Monash University allows students to apply to the MBA program without submitting GMAT scores as long as they have three years of work experience and one year of management experience.
- La Trobe University allows students to apply to the MBA program without submitting GMAT scores if they have three years of relevant management experience with a minimum of 60% in the final year of their undergraduate degree. Students with more than 8 years of relevant management experience without a bachelor’s degree are also considered for admission to the MBA program at La Trobe University.
- Students can apply to Deakin University without a GMAT score if they have completed a Master’s Qualifying Program (MQP) in any discipline and have three years of work experience. Students with a graduate degree in a relevant discipline and five years of work experience are also considered for admission to the MBA program at Deakin University.
MBA Tuition Fees in Melbourne
Tuition fees in Melbourne vary from university to university. Below is a list of typical MBA tuition fees in Melbourne.
| Fees | Australian dollar | Indian rupee |
| Average Tuition Cost | from 55,986 to 88,179 | from 30,02,260 to 47,28,617 |
Cost of living in Melbourne
The cost of studying in Melbourne includes transport, accommodation and other day-to-day expenses in addition to tuition. Below are some of the costs you may incur when studying in Melbourne:
| Consumption | Indian Rupee (per month) |
| Rent | 44,978 |
| Food | 19,990 |
| Internet | 3998 |
| Transport | 4497 |
| Various | 2498 |
Scope of an MBA program in Melbourne
According to the QS Top MBA Jobs & Salary Trends Report, the average MBA salaries of top MBA universities in Australia such as the University of Melbourne, Monash University and La Trobe University are among the top 10 post-MBA salaries in Australia. . The average salaries of MBA graduates from the top universities in Melbourne are shown below:
| University | Average salary | In Indian rupees |
| University of Melbourne | AUD 265,000 | INR 1,44,36,493 |
| Monash University | AUD 146,462 | INR 79,78,835 |
| La Trobe University | AUD 153,950 | INR 83,86,760 |
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Here’s a detailed guide to learn more about the cost of studying in Australia for applicants!
Frequently Asked Questions
What is the best MBA in Melbourne?
The MBA offered at Melbourne Business School is the best MBA in Melbourne as the program is ranked number one in Australia.
What is the cheapest MBA in Australia?
Kalpana Business School, Charles Darwin University, Victoria University and Holmes Institute are some of the most affordable MBA programs in Australia.
Is Melbourne good for an MBA?
Melbourne is home to some of the best MBA programs in the world, such as the University of Melbourne, Monash University and others.
We hope this site has provided you with all the information you need about the MBA program in Melbourne. Are you having trouble deciding which MBA program in Melbourne is ideal for you? For complete assistance in getting admission into the college of your choice, contact our Leverage Edu consultants . Now is the best time to schedule a free consultation with us!