Best MBA programs in Australia – Ranking, costs, salaries

Best MBA in Australia

Top business schools in Australia – Ranking, costs, salaries

Australia is slowly crawling into the position of a desirable study abroad destination. The number, of international students, has seen a steady rise from a 100,000, in 1994, to nearly 700,000, in 2018 (including higher education, vocational studies, school education and non-award degrees), according to the Department of Education and Training reports here and here compiled by the Aussie government.

The number has dropped to 545,541 international students in 2021, probably due to the effects of the global pandemic (Source).

While its international presence is getting prominent with each passing year, its impact on the global MBA education market still needs some boost to become viral. And there are very clear advantages of recognizing the potential of an Australian MBA (Read Best MBA abroad countries).

  • You don’t have to purchase a Rosetta Stone for learning their language. Just a few viewings of Hugh Jackman’s interviews will suffice to catch a drift of their accent.
  • Australia is pretty friendly about arranging for scholarships for deserving international students. Some of these are provided by the government – Australia Awards, International Postgraduate Research Scholarship, and Australia APEC Women in Research Fellowship. Even MBA candidates can apply for scholarships awarded by individual universities.
  • Some of its top business schools have been consistently showing up in the top 100 Financial Times’ Global MBA Rankings. Other ranking bodies like the QS World Ranking in Business Management have also seen a climbing status for the top Australian B-Schools (see table below).
  • It has been featured as the fourth highest payer after an MBA degree, with average salaries + bonus amounting to close to nearly $120,000, says QS TopMBA’s Jobs & Salary Trends Report from 2017. Currently, the reported post-MBA weighted salaries are about $110,000 according to FT Global MBA Rankings 2021.

International student life in Australia: What to expect

Best Full Time MBA programs in Australia

World Ranking of Australian Business Schools



B-School QS World Ranking Financial Times
University of Melbourne #26 #87
AGSM at Univ of New South Wales #40 #66
University of Sydney #43 NA
Monash University #45 NA
The University of Queensland #61 NA
The Australian National University #63 NA
University of Technology Sydney #127 NA
University of Western Australia #150 NA
Deakin University #151-200 NA
Griffith University #151-200 NA
Macquarie Graduate School of Management #151-200 #74
Queensland University of Technology (QUT) #151-200 NA
RMIT University #151-200 NA
University of South Australia #151-200 NA


Average Salary of MBA Graduates from top Australian B-Schools

B-School Post MBA Weighted Salary
AGSM at UNSW Business School $109,000
Melbourne Business School $109,000

With all the goodness spilling over, it is still struggling to rise above the glitter of the other well known global top MBA brands. One reason could be that while the cost of an Australian MBA is somewhat lower than the more prominent American MBAs, its living expenses are quite high, reaching north of $500/week (Read Studying in Australia – costs, pros and cons).

According to an HSBC report, it is 1.5x more expensive to live in Australia as compared to the US (Read Cost of an MS in the US).

Of course it doesn’t help that anything that moves, crawls, flies or swims, in the land down under, can kill you. But an Australian Student Visa allows you to work part time and sustain yourself, in the face of steep expenses, and perhaps even buy enough safeguards to survive the wildlife and not become Friday night dinner for a Wolf Spider.

So, with all the benefits overpowering the few faults, we thought it would be best to introduce you to the list of top MBA schools, in Australia. We have included the duration and the tuition (subject to change by the individual universities) in USD.

Top Business Schools in Australia

B-School (QS Ranking) Full Time MBA
Tuition for International Students (in USD)
The University of Melbourne Business School 1 year




AGSM at Univ of New South Wales Business School 16 months $57,500
Monash Business School 2 years $64,300
The University of Sydney 18 months $51,300
The Australian National University 1.5 years $33,100
RMIT University 1.5 to 2 years $52,000
The University of Queensland 1 year $60,300
The University of Western Australia 1 year $43,600
University of Technology Sydney 2 years $65,600
Deakin University 2 years $44,000
Queensland University of Technology (QUT) 1.5 years $54,100
The University of Adelaide 1.5 years $53,150
Curtin University 2 years $49,200
Griffith University 12-18 months $44,400
MGSM at Macquarie University 2 years $58,400
University of South Australia 1.5 years $39,500
Sydney Business School University of Wollongong 1-1.5 years $42,000
La Trobe University 1.5 years $46,000
The University of Newcastle, Australia (UON) 1.5 years $43,800

An MBA, from an Australian university, can be a rich intercultural experience along with an opportunity to train in a competitive world class environment. The information in this article should help to guide you through your global MBA destination search.

We advise you to investigate the official websites for the latest, and more accurate, numbers. For the more detailed inside information, you should reach out to past graduates and alumni.

Good Luck Mate!

Read more about the top business schools in different countries across the world. If you are looking into EMBA options, here’s a bit about getting the degree from the prestigious Melbourne Business School and another article with a student sharing his experience of an Executive MBA in Australia after resume gap of 6 years.

Also read How to get into Australian National University, one of the top universities in Australia.