Life after MBA from Australia: Placements and Job Prospects
Talk to Expert
Life After MBA from Australia: If you plan to study at any of the B-schools in Australia you would be intrigued to know about what you can expect after it. There are various Australian B-Schools which have been ranked and are renowned for their MBA courses. Check out the salary comparisons and some of the best Australian B-schools to study.
Doing an MBA from abroad or studying in Australia is a big financial decision. No matter which country you choose, chances are you are putting in a lot of your money and effort into the same. Not only does it mean a huge expense, but an MBA means giving up one or two years of salary if you are a working individual. And all in the hope of a better future. And while the universities in the USA and UK are famous and Singapore is gaining momentum, students remain confused about universities in Australia for their MBA. We aim to explore past information to understand the prospects and life after an MBA from Australia.
To begin with, Top Universities in Australia have constantly risen in the ranking charts. Some of the B-schools in Australia like the Melbourne Business School and AGSM are singularly high in rankings. Not only are they acknowledged across countries and by the best of industry, but it is important to judge how the MBA scorecard fares for job prospects in Australia. There are around 13 universities in Australia which offer MBA degree programmes.
Top Australian B-School Rankings 2024
The following table summarises the top 10 universities with their corresponding QS 2024 Australian rankings:
| Top B-Schools in Australia | QS - Global MBA Ranking 2024 |
|---|---|
| Melbourne Business School Melbourne, Australia |
#30 |
| UNSW (AGSM) Sydney, Australia |
#31 |
| University of Sydney Business School Sydney, Australia |
#50 |
| UQ Business School Brisbane, Australia |
#75 |
| Monash Business School Melbourne, Australia |
#84 |
| Macquarie Business School Sydney, Australia |
#101-110 |
| Australian National University Canberra, Australia |
#111-120 |
| University of Western Australia Business School Perth, Australia |
#131-140 |
| RMIT University School of Business and Law Melbourne, Ho Chi Minh, Australia |
#151-200 |
| Unisa Business School, University Of South Australia, Australia Adelaide, Hong Kong, Australia |
#151-200 |
| UTS Business School, University of Technology Sydney, Australia Sydney, Australia |
#151-200 |
(source: QS)
Let us begin by understanding the salary figures. As per the QS Top MBA Jobs & Salary Trends Report 2023-24, Australia is the Top Payer. The average compensation for MBA Jobs in Australia stands at US$145,000 with rather handsome bonus clauses thrown in. The countries other than Australia with a similar median salary are Switzerland and Denmark. What is important to note, however, is that the median MBA salary need not necessarily refers to students graduating from MBA colleges in Australia. A lot of MBA graduates from the Asia Pacific region also get takers in the continent country.
Top Job Roles for MBA Graduates in Australia
MBA graduates in Australia can look up various job roles if they complete their course of degree in Australia:
- Product Manager
- Business Development Manager
- Entrepreneur
- Sales Manager
- Industry Specialist
Australian B-Schools Salaries Offered
Talking now about the numbers, Australian B-Schools have an average placement record. While for the lesser-known B-schools, the data is not available, Melbourne Business School placement reported an 95% placement in 2021-22. The Australian Graduate School of Management (AGSM) on the other hand had a modest 69% placement. The figures perhaps are not that excellent but considering that Top Ranked institutions like Ross and UCLA also have a 98% placement record does tip the scale. Also, when comparing the salaries, Australian Universities fared much better than other universities of the world if we consider TopMBA data last released in 2023. The following table shows the percentage increase in salaries as offered to MBA graduates in the following countries in 2023-24:
Predict your IELTS, TOEFL, and PTE in just 4 steps!
|
Countries |
MBA Salary |
Total Salary (Bonus) |
MBA Salary % increase |
|---|---|---|---|
|
USA |
$102,100 |
$120,990 |
18.5% |
|
Canada |
$98,500 |
$111,100 |
11.34% |
|
UK |
$92,400 |
$122,900 |
24.81% |
|
Australia |
$98,400 |
$116,200 |
15.31% |
|
Singapore |
$82,700 |
$105,300 |
21.46% |
While the above two are positive signs, there is always the point of caution. As such, at a macro level, the Australian economy must be considered. While the domestic markets are steady and robust, the meltdown in Greece and more importantly in China has ripple effects that would be felt in the Australian economy. At the same time, the real estate and tourism sector in the country is on the rise. The latter has seen double-digit growth and continues to bring investors. Moreover, business houses across the country prefer specialists. So, if you are looking at getting a rather specialized degree, your chances are better. Some of the well-known Australian recruiters are:
- Vodafone Australia
- ANZ Banking Corporation
- Deloitte Australia
- Qantas
- Accenture
Students don't need to continue working in Australia after graduating, post-MBA highly paid jobs in the USA are also available, and students can apply to American companies also. To conclude, Australia offers a moderately safe place to invest your money in an MBA. The colleges are good, the procedure is streamlined and relatively easier. Staying in Australia offers a balanced picture as well as the city's rate amongst the safest and coolest student cities in the world. What remains, however, is the personal effort that you put into your MBA. If you drive towards excellence, Australian Universities offer you a fair chance to find a place for yourself and build on a career.
Q: Â Is Torrens University good for international students?
Torrens University Australia is one of the fastest growing universities in Australia. It offers a culturally vibrant and comfortable environment for international students. Each year thousands of international students from all over the world come to study at various courses of the university. currently, there are 3932 total students at Torrens University out of which 986 are international students.
Q: Â Is it hard to get into Newcastle University Australia?
The University of Newcastle is amog the universities that does not publish official data on the acceptance rate. However, as per some unofficial sources, the University of Newcastle Australia acceptance rate is 80%. This makes Newcastle University Australia moderately selective in admissions. Please note that the data on acceptance rate given above is taken from an unofficial source, therefore, it is subject to vary.
Q: Â Is it worth studying at Melbourne Institute of Technology, Australia?
Melbourne Institute of Technology Australia (MITA) is largely regarded as one of Australia's top institutions. It has a solid reputation in engineering, business, and science.
To begin with, Melbourne Institute of Technology Australia provides a world-class education with an emphasis on hands-on learning. You will be able to gain practical knowledge and abilities in a range of disciplines. Furthermore, the institution provides a wide range of courses and programmes that will provide you with the skills and knowledge required for a successful profession.
Second, the university is well-known on a global scale. It has the highest graduate employability rate in Australia. This is due to the great level of education and possibilities provided by the university to its students.
Third, the university boasts a broad and vibrant culture. While learning, you will be able to pursue your hobbies and meet like-minded people. This will aid in the development of your professional chances and the formation of strong relationships that will continue long after you graduate.
Fourth, the institution provides a wide range of facilities and services to make your studies more pleasurable and productive. You will be able to locate
Q: Â How hard is it to get to Notre Dame?
The acceptance rate of the University of Notre Dame Australia is 19%, So for every 100 applicants, only 19 students get admitted. This means that it is a relatively competitive University. Candidates must fulfill the specific course requirements to secure admission to Notre Dame University. While the acceptance rate is competetive, it is suggested that the student applies early for higher chances of getting selected.
Q: Â What are the entry requirements for The University of Western Australia?
UWA Australia admission requirements vary as per the course levels. For international students, below-given are the undergraduate and postgraduate admission requirements:
- Undergraduate: The applicants are required to have Class 12 qualification. All India Senior School Certificate (CBSE) and Indian School Certificate (CISCE) are accepted. To know the exact minimum admission requirements, refer to UWA’s official website
- Postgraduate: A bachelor’s degree is required at a minimum to get admission to UWA postgraduate courses
Also Read: What are the Requirements to Study in Australia for International Students?
Q: Â What are the benefits of studying at the University of South Australia in Adelaide?
University of South Australia is one of the leading public universities in Adelaide, Australia. It is not just one of the top universities in Australia, but also a part of the top 500 universities in the world. Listed below are some of the best reasons to study in UniSA:
- Vast variety of courses and excellence in teaching;
- Diversity and rich culture;
- Beautiful campus;
- Affordable tuition fees;
- Small class sizes; and
- Student-centred approach.
Q: Â What is Notre Dame university Australia known for?
The University of Notre Dame Australia is one of the finest institutions of higher education in Australia. The university offers highly-ranked and top-rated programs at undergraduate and postgraduate programs. The university is known for its programs in areas such as: Arts & Sciece, Business, Education, Health Sciences, Medicine and Law etc.
Q: Â Is the University of Notre Dame Australia accredited?
The University of Notre Dame Austrlia was established in 1989 through an Act of the Parliament of Western Australia. The university is governed by a Board of Trustees and a Board of Directors and a Board of Governors. Besides the university has some professional accreditaions such as:
- New South Wales Education Standards Authority (NESA)
- Teacher Registration Board of Western Australia
- Australian Children's Education and Care Quality Authority
- Australia Nursing and Midwifery Accreditation Council (ANMAC)
- Australian Health Practioner Regulation Agency (APHRA)
Aishwarya is a professional Writer currently working as a Study Abroad Expert in the Editorial Team at Shiksha. She has over 5 years of experience and is skilled at creating Online Content with leveraged knowledge i... Read Full Bio
Armed with B.Com from Delhi University, Anuradha Sharma has accumulated rich experience as an education counsellor. She is especially adept at handling Australia and NZ admission procedure. Before becoming a GTE Exp... Read Full Bio
- Universities in Australia122 Universities
- Universities in USA1036 Universities
- Universities in Canada173 Universities
- Universities in UK175 Universities
- Universities in Ireland33 Universities
- Universities in New Zealand70 Universities
Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae
Comments
(214)
P
5 months ago
Report Abuse
...more
Reply to Pamela Christian
h
a year ago
Report Abuse
Reply to himanshu agarwal
A
Aishwarya BhatnagarStudy Abroad Expert
a year ago
Report Abuse
Hello Himanshu! There are good opportunities after MBA in Finance from Australia. The average starting salary is AUD 98,000. You can target GMAT scores of 560 and 600+ for UniMelb and Monash respectively. If you have admission-related queries you can sign up for free counselling at https://studyabr
...more
Y
a year ago
Report Abuse
Reply to Yuvraj Batra
A
Aishwarya BhatnagarStudy Abroad Expert
a year ago
Report Abuse
U
a year ago
Report Abuse
Reply to Usha
A
Aishwarya BhatnagarStudy Abroad Expert
a year ago
Report Abuse
Hello Usha, you can check out Master's in Marketing courses offered across various Australian universities at - https://studyabroad.shiksha.com/australia/mim-colleges-dc. In terms of job opportunities, after MIM you can work as chief marketing officer, marketing & strategy officer, marketing manage
...more
5 years ago
Report Abuse
Reply to munira Neemuchwala
R
2 years ago
Report Abuse