Australia is a hotspot for MBA seekers, looking to pursue a career in Business and Management. The country is home to some of the top-business schools in the world- Melbourne Business School, Monash Business School, etc. The B-schools in Australia are popular for their academic excellence and reputation as well as placement opportunities. The country ranks amongst the top 3 in terms of placement offers for freshers, irrespective of their nationality.
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MBA in Australia Admissions

The average salary of an MBA graduate in Australia is AUD 136,913 which is equivalent to around 76.29 lakhs. International graduate students get an opportunity to work in Fortune 500 listed companies. Woolworths, JP Morgan, and HSBC Global Asset Management are among the top employers for MBA graduates in Australia. Graduates with an MBA in Australia can also expect a total compensation package of AUD 24,766 (13.80 lakhs) in bonuses.

The post-MBA placement opportunities along with easier work-study visa are the top-most reasons why Indian students choose Australia over the USA. MBA graduates in Australia have a good chance of securing a 2-year post study permit for Australia.

Job Roles after MBA in Australia

One of the reasons for Australia's growing popularity is the country's 1.5-year work visa. Australian universities provide exceptional education to its students, allowing them to secure the finest professional prospects in the world's top organisations.

  • Marketing Manager: Marketing Managers create, implement, and execute strategic marketing plans for a full company (or lines of business and brands inside an organisation) in order to acquire new consumers and maintain existing ones.
  • HR Manager: A Human Resources Manager, often known as an HR Supervisor, is in charge of organising all administrative tasks pertaining to an organization's people. Their responsibilities include designing recruiting strategies, putting in place procedures for monitoring employee benefits, payroll, and behaviour, and onboarding new workers.
  • Finance Advisor: They prepare or evaluate financial document summaries, investment performance reports, and income estimates.
  • Sales Manager: Sales managers are in charge of directing sales teams to achieve sales goals. Sales managers are largely responsible for hiring and training team members, establishing quotas, reviewing and modifying performance, and building sales-driven procedures.
  • Business Analyst: A Business Analyst is a professional that collaborates with stakeholders to set goals, develop best practises for data collecting, and review current processes to see what may be changed to reach the desired result.
  • Business development Manager: A Business Development Manager is a professional that is in charge of the expansion of their department. They collaborate with their sales staff to create mutually advantageous offers, negotiate contract conditions, and effectively communicate with stakeholders.
  • Business Consultant: A Business Consultant is a professional who advises, gives information, analysis, and recommendations to clients in order to assist them achieve their goals and solve problems.
  • Risk Manager: A Risk Manager's job is to convey an organization's risk policies and practises. They provide hands-on construction of risk models for market, credit, and operational risk, as well as assurance of controls.

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Highest Paying Universities for MBA Jobs in Australia

As per the QS News Global University Rankings, 13 business schools in Australia are ranked among the top 250 management schools in the World. Tabulated below is a detailed list of top business schools in Australia offering MBA along with the tuition fees they charge and the salaries MBA graduates from these schools earn.

Highest paying jobs after MBA in Australia

The top-tier brands in Australia pay best salary packages for management consultants, analytics, business analysts, and product managers. Here is a comprehensive list of the highest-paying jobs in Australia available after earning an MBA.
 

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Top recruiting companies after MBA in Australia
 

Work Permit in Australia after MBA

Staying in Australia after graduation is encouraged by government policy. If you fulfil the requirements, you will be able to stay in Australia and continue working. After receiving your MBA, you can apply for a Temporary Graduate Subclass 485 visa, which permits you to stay in Australia for up to 18 months. To be eligible for a post-graduate work permit, students must have studied in Australia for at least 16 months.
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Australian work visa

How Can International Students Find Work in Australia After Earning an MBA?

Following the completion of your MBA, you will be awarded a two-year post-study visa. So, if you speak English effectively and have relevant experience, you may be able to get a job. If you are studying an MBA without prior job experience, it will be tough to get a work visa in any nation.

  • To quickly get job opportunities in Australia after an MBA, inquire about placement aid at the university where you intend to study. The majority of university websites include information on potential employment after finishing studies. You may also enquire directly about the university's history and policies.
  • Obtaining post-MBA jobs in Australia gets considerably simpler if your programme includes internship opportunities. Universities often offer career centres to help students make relationships with prospective employers.
  • Popular Australian employment sites such as Seek, CareerOne, Adzuna, and others will also help you find opportunities following an MBA in Australia. You may also learn about the average pay of an MBA graduate in Australia.

Also Check: MBA in Australia without work experience

FAQs

Ques. How much does an MBA earn in Australia?

Ans. The average salary of an MBA graduate in Australia is 98,400 USD per annum.

Ques. Why should I pursue an MBA degree in Australia?

Ans. Australia is home to a number of top-rated business schools worldwide reputed for their quality of education, research prospects and career opportunities. Needless to say, pursuing your MBA abroad will open up numerous networking opportunities.

Ques. Can I apply for Permanent Residence after completing my MBA from Australia?

Ans. Yes. Australia offers a number of avenues through which skilled international workers can apply for permanent residence in Australia. Some of these avenues include ENS (Employer Nomination Scheme), RSMS (Regional Sponsored Nomination Scheme) and the GSM (General Skilled Migration)

Ques. Which MBA should I opt for in Australia?

Ans. Studies show that some of the most sought after MBA specializations in Australia include Marketing, Sales, Finance and Operations.

Ques. What exams do I need to give to get admitted to an MBA in Australia?

Ans. Most Australian business schools require international applicants to submit standardized test scores such as GMAT. If the applicant is not a native English speaker he/ she will also be required to submit ELP test scores such as TOEFL or IELTS.

Ques. What are the common job roles for MBA graduates in Australia?

Ans. Depending on their specialization, MBA graduates in Australia find employment in positions of managers, executive officers, consultants, analysts etc.