Melbourne Business School ranked #1 in Australia by The Economics 2021 is jointly owned by the business community and the University of Melbourne. Recognized as World’s Most Liveable City by the Economist Intelligence Unit, Melbourne houses two MBS centres: Centre for Business Analytics and Centre for Sustainability and Business. Not only known for offering MBA in Australia, MBS also offers a business analytics degree along with short courses for students and custom solutions for organizations.
Update: MBS Applications for September 2021 intake are open, click here to apply!
MBS graduates are offered a starting salary of around 110,000 AUD within three months of graduation. Offering a high return on investment, MBS is one of the top business schools in Australia, as tuition fee costs around 77,400 AUD to 89,500 AUD. Melbourne Business School also offers financial assistance for international students through various scholarships including Dean's International Management Scholarship and Excellence Scholarships. Accredited by the AACSB and EFMD (EQUIS), this organization focuses on preparing leaders for a sustainable future by providing hands-on experience through various MBA related jobs in Australia.
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Melbourne Business School Rankings
Melbourne Business School has an international reputation for offering the best MBA and related programs. Top rankings for MBS by top agencies:
- #20 in World University Rankings - Masters In Business Analytics by THE 2021
- #8 in EMBA Rankings - Asia Pacific by QS World Rankings 2021
- #34 in QS Ranking EMBA Rankings - Global 2021
- #87 for Global MBA by Financial times 2021
- #35 in Academic rankings of world universities by Shanghai ranking
- #24 for ‘Which MBA?’ by The economist
Highlights
| University Type | Private |
| Establishment | 1963 |
| Programs Offered | MBA, Masters in Business Analytics and Short Courses, Doctoral Degrees |
| Scores accepted | GMAT, IELTS, TOEFL |
| Mode of Study | Full Time, Part Time, Online, Executive, Senior Executive |
| Academic Calendar | Semester Based |
| Tuition Fee (AUD) | 55,000-89,500 |
| Financial Aid | Scholarships Available |
| Website | www.mbs.edu/ |
Melbourne Business School Programs
Popular Melbourne Business School courses include MBA, International Business, Business Analytics, and Management along with eight doctoral research degrees.
- MBS MBA program is offered in numerous specializations including Leadership, Data Analysis, Managerial Economics, Managerial Ethics and the Business Environment, Financial Accounting, Finance, Marketing, Operations & Business Strategy.
- Short courses offered at Melbourne Business School include three management programs, 12 leadership programs, two change programs, four strategy programs, and one marketing, finance, and human resource programs.
- MBS also offers a dual degree in MBA and Marketing. Some of the top programs offered at MBS:
| Programs | Fee (USD) |
|---|---|
| Master of Business Administration [M.B.A] | 34,010 |
| Master Business Analytics | 41,800 |
| Master Analytics Management | 42,350 |
| Master of Commerce [M.Com] Marketing | 34,826 |
| Master of Management [M.Mgmt] | 31,618 |
Melbourne Business School Campus
MBS operates across three locations in Melbourne, Sydney, and Malaysia. Melbourne Business School main campus sited in the Melbourne suburb of Carlton, houses the main office and administrative building.
- It has two research centers; the Asia-Pacific Centre for Social Impact (APSIC) established in 2008 and the Centre for Business Analytics (CBA) founded in 2014.
- There are over 200 student clubs and associations open to Melbourne Business School students at the University of Melbourne.
- The Giblin Eunson Library is specific to MBS students at the University of Melbourne.
Melbourne Business School Residence
Melbourne Business School provides around 11 residential colleges, six university accommodations, and one residence hall outside the residential colleges for international students. They can also apply for other student accommodations in Australia.
- Amenities include lounges, Wi-Fi, gym facilities, game rooms, TVs, study rooms, 24-hour computer room, music practice room, cafe, laundry, common rooms, communal kitchens, bike storage, vending machines, courtyards, and rooftop gardens.
- Room furniture includes a bed, wardrobe, desk and desk chair, fan, lockable cupboard, vacuum cleaner, and a full-length mirror.
- There are accessible rooms for disabled students in some accommodations at the University of Melbourne for MBS students.
Melbourne Business School Application Process
MBS offers internationally recognized full time MBA along with other business related courses. International applicants can apply for Melbourne Business School admissions by April 30, 2021, for the September 2021 intake.
Application Portal: University of Melbourne online application
Application Fee: 100 AUD
Admission Requirements
- Recognized bachelor degree or its recognized equivalent
- Two Letters of Reference
- Research Proposal (for graduate research students)
- Two years of experience (if required)
- GMAT/GRE (750+)
- Interview (if required)
- CV
- Personal statement
- Program-specific requirements.
- Supporting Documents: Copy of Passport, Bank Statements, Health Certificate
English language test requirements
Melbourne Business School Cost of Attendance
International students have to plan their finances before enrolling at the university, these include tuition fee, accommodation rent, and other living expenses. The average cost of living in Australia for international students:
| Fees | Estimated amount per annum (AUD) |
|---|---|
| Tuition and fees | 55,000-89,500 |
| Accommodation | 19,000-38,000 |
| Health insurance | 1,330 |
| Food and groceries | 4,160-7,800 |
| Bills (electricity, gas, water, internet) | 60–80 |
| Phone | 15–20 |
| Transportation | 40 |
| Leisure | 50–100 |
| Miscellaneous | 1,000 |
| Total | 80,655-137,870 |
Melbourne Business School Financial Aid
Melbourne Business School has invested up to 2.7 million AUD towards financial aid for students. It offers over 1200 scholarships and awards for international students. Various scholarships offered at MBS include:
| Scholarship Name | Amount (AUD) | Programs |
|---|---|---|
| MBS Scholarships | Varies | All Programs |
| Clemenger BBDO Scholarship | 50,000 | All Programs |
| Kraft Heinz Scholarship | 5 x 12,000 | Full-time MBA, Master of Marketing, Part-time MBA |
| BP Australia Scholarship in Business Analytics | 2 x 25,000 | Master of Business Analytics |
| Dean's International Management Scholarship | Full tuition | Full-time MBA, Master of Marketing |
| Diversity Excellence Scholarships | 50,000 | Full-time MBA, Master of Marketing |
| Reid Malley Foundation Scholarship | 25,000 | Full-time MBA, Master of Marketing |
| Helen Macpherson Smith Fellowship | 30,000 | Full-time MBA, Master of Marketing, Part-time MBA |
| Dean's Scholarship for Women and Management | 50,000 | Senior Executive MBA |
| SEMBA Class of 2003 Scholarship | 50,000 | All Programs |
| Wandering Warriors Scholarship | Full tuition | Part-time MBA, Full-time MBA |
International students can also apply for external scholarships and loans to study in Australia, including:
- Endeavour Postgraduate Scholarship Awards: This is an award sponsored by the Australian government to international students to pursue research work and PhD in Australia. The award covers tuition, travel insurance, and allowance, monthly stipend, etc.
- Queen Elizabeth Commonwealth Scholarships: This is a scholarship given to international students in commonwealth countries to pursue a master's degree. These awards are usually nine in number and cover tuition, accommodation, and travel.
Melbourne Business School Alumni
Melbourne Business School has an alumni network of over 10,000 members around the world. Alumni benefits include:
- Career advancement helps.
- Discounted public memberships at the university libraries
- Exclusive access to the university's journal services.
- 10% discount for courses at the Confucius Institute
- 5% discount on total bill at Melbourne Dental Clinic
Notable alumni at Melbourne Business School
- Margaret Jackson –Australian executive
- Ahmed Fahour –Australian Businessman
- Bill Shorten –Member of Australian Parliament
- Roman Quaedvlieg - Commissioner of the Australian Border Force
Melbourne Business School Placements
Since the quality of education at Melbourne Business School is magnificent the placements are also matched. Careers Management Centre at MBS has partnered with leading organisations and top-tier firms, offering a personal effectiveness program for development of soft skills among students.
- Popular employers providing job opportunities in Australia for international students include Bain and Company, Aconex, UberEats, Air Force, Commonwealth Bank, KraftHeinz, Deloitte, Jetstar, and L’Oreal, etc.
- MBS organizes industrial internships, regular recruitment events, CEO classroom visits, and class subjects that connect students with the senior leaders and managers of some of Australia's most dynamic companies.
- According to the emolument, MBS Executive Management and Change graduates earn 175,000 AUD annually. Average salary-by degree for graduates and alumni of MBS:
| Degree | Average Salary (AUD) |
|---|---|
| LLM | 213,000 |
| MBA | 172,000 |
| Masters in Finance | 152,000 |
| BBA | 118,000 |
| Bachelor of Science | 107,000 |
Melbourne Business School, located in Australia’s sporting and cultural capital, is the centre of business education in the country. Offering admission to best MBA in Australia and other courses in management and analytics, MBS accepts and supports applicants globally through scholarships, grants and loans.
FAQs
Ques. How much does an MBA cost at MBS?
Ans. Tuition fee for an MBA program is AUD 89,500 per year.
Ques. Is GMAT required for Melbourne Business School?
Ans. Yes. Students need to have a GMAT score of 600 or above for admissions to master courses.
Ques. Is there an application fee for applying at MBS?
Ans. No. Students do not have to pay an application fee.
Ques. Who should I select to be my referees?
Ans. Referees should be people of good standing who know you well; referees who have knowledge of you in a business environment are most useful. You do not necessarily need a reference from your current employer.
Ques. When should I apply for applications at MBS?
Ans. We strongly recommend that you start the application process as soon as possible. Each program has different closing dates.
Ques. Where is the MBS campus?
Ans. 200 Leicester Street, Carlton, Australia
Ques. What sort of accommodation does the school offer? Is it suitable for senior executives?
Ans. Yes, MBS has clean and comfortable accommodation, located on campus.
