Top 5 MBA Programs in Australia, Based on QS Ranking 2021

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To get an MBA? Or not to get an MBA?

For many young professionals, this is the question they find themselves back and forth with. With it’s long standing years of reputation as a qualification, the demand for MBA’s remains incredibly high with top companies constantly looking to hire MBA graduates. But what makes them so employable? Read on – as this article will equip you with everything you need to know about MBAs as well as the ‘Top MBA Programs in Australia, Based on QS Ranking 2021’

What is an MBA?

Master of Business Administration (MBA) is an internationally accredited qualification that gives current and future leaders with leadership and financial management to further elevate their professional career. What can you expect from an MBA degree includes general knowledge in multiple principles such as accounting, economics, finance, marketing with the option (depending on the university and programme of choice) of specialization in a specific niche principle. 

Most MBA programs consist of a comprehensive structure that’ll equip you with real-world projects, exposure to different business functions. Along with practical experiences from case studies, group work and individual assessments. 

As MBAs cater to individuals that are already in the working field, you will be able to opt for a full time or part time course. Something to also note about NBA’s are that they can be applied to almost every field & industry. 

What is QS Ranking?

QS World University Ranking is an annual publication by Quacquarelli Symonds (QS). The worldwide known QS Ranking system now comprises the global overall and subject ranking of higher education institutions divided by different regions : Asia, Canada, Europe, Global, Latin America, North America and Oceania. 

Read more here: Top 3 University Ranking Systems 

Why should you pursue an MBA?

Is an MBA really worth it? You may be asking yourself this question, wondering if stepping into an MBA qualification is the right path for you. Well, MBA can be looked at as an investment into your personal and professional development. Here are the top 3 benefits of pursuing an MBA : 

1. Advancement of management & leadership skills

An MBA programme is equipped with adequate knowledge and skills that are necessary for you to thrive at your job. You’ll be equipped with necessary tools, techniques to prepare you to adapt to the ever changing business environments. It will force you to step out of your comfort zone and bring your team, business and company to the next level. No matter if you’re a consultant, an entrepreneur, or business owner, you will be able to enhance your problem solving skills,decision making skills, analytical skills, communication skills and even challenge yourself to think and work creatively in the competitive world of business. You’ll also learn time management and crisis management!

2. Networking & business opportunities

An MBA also creates the opportunity for networking. Students that undertake MBA’s are usually from different industries and roles. Interacting with fellow students, lecturers, teaching staff & business people will be able to expand your management capabilities. This helps also in creating opportunities for growth within your respective demographic market, You need to meet the right kind of people and to have the right kind of talents in your company to be able to succeed.

3. High salary potential

Many individuals consider MBA’s to be investments into their professional careers. And of course, when you invest in something you’d most definitely expect a high return as well. Australis sits among the ‘Top 10 Countries In the World’ for MBA salary prospects. Acquiring an MBA qualification automatically puts you in the upper hand of higher & better paid positions in companies as compared to degree holders. 

Job & Career Prospects

Here are some of the industries & job prospects that you can consider upon completing your MBA program:

Industries 

  • Banking 
  • Finance
  • Consultant 
  • Education
  • Government 
  • Health Care
  • Non-Profit Organizations 
  • Technology
  • Manufacturing 
  • Energy & Resources

Job Prospects 

  • CEO
  • Entrepreneur
  • Managing director
  • Project manager
  • Chief managing officer 

General Entry Requirements for MBA in Australia

It is important for you to note that most of the MBA programs are extremely competitive & many times, individuals would have to go through interviews before gaining acceptance into the university. 

Bachelor’s Degree 

Minimum, CGPA of 2.5 -3.0 

English Requirements (IELTS)

Minimum. 7.5 with no less than 7.0 for individual test 

*Note: Requirements may vary among universities. Contact us for more details! 

For entry into most MBA programs, individuals are required to complete a Bachelor’s Degree from any recognized tertiary educational institution. They should also have acquired at least 3-5 years work experience in where at least half of those years must be at a managerial, supervisory and/or senior professional level

Top 5 MBA Programs in Australia, Based on QS Ranking 2021

#1 University of New South Wales (UNSW)

Photo Credit: University of New South Wales (UNSW)

Ranking 

QS Ranking in Australia: 1st

QS Ranking In The World: 4th

Program Structure 

Core phase: Nine core courses completed over two terms

Elective phase: Seven elective courses completed over two terms 

Duration

1.5 years (Full Time)

Intake 

January 

Indicative Annual Fee (2021)

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#2 Macquarie University

Photo Credit: Macquarie University

Ranking                                                                                             

QS Ranking in Australia: 2nd

QS Ranking In The World: 19th

Program Structure 

Foundation zone: foundational knowledge needed to success in the course if you’re from a different disciplinary background 

Core zone: compulsory & covers the specific disciplinary or professional requirements of the course

Flexible zone: provides breadth to the course & is comprised of elective units 

*Depending on the admission point for which you qualify (see Entry Requirements), you will need to complete some or all of the zones.

Duration

1.5 to 2 years (Full Time)

Intake

January 

Indicative Annual Fee (2021)

A$40,000

#3 Deakin University

Photo Credit: Deakin University

 

Ranking 

QS Ranking in Australia : 3rd

QS Ranking In The World: 29th

Program Structure 

Core units: 8

Elective units: 4 

Duration

1 year (Full Time)

Intake

July and November

Indicative Annual Fee (2021)

A$35,400 

#4 La Trobe University

Photo Credit: La Trobe University

 

Ranking 

QS Ranking In Australia: 4th

QS Ranking In The World: 31st

Program Structure 

Year 1 : 120 credits (Core)

Year 2 : 60 credits 

  • 15 credits from chosen Capstone
  • 15 credits from chosen Core
  • 15 credits from chosen Electives

Duration

1.5 years (Full Time)

Intake

March, July and November

Indicative Annual Fee (2021)

A$42,000

#5 Curtin University

Photo Credit: Curtin University

 

Ranking 

QS Ranking In Australia : 5th

QS Ranking In The World: 45th

Program Structure 

One chosen specialisation

  1. Leadership
  2. Energy Futures
  3. Innovation & Business Success 
  4. Digital Marketing 
  5. Business 

 (each 4 units, 100 credits), with 7 units (200 credits) 

Duration

1.5 years (Full Time)

Intake

February 

Indicative Annual Fee (2021)

A$44,900

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About The Author

Raveena Rakni Suresh Raj 
Leo baby & a psych major  
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