MBA in Australia!
What are the most common questions, usually Indians ask before making their decision to pursue their MBA in Australia? I have tried my best to accumulate information from official sources and mention it at one place. Read further so that you could decide – Whether you should pursue your MBA in Australia or not?
So, following are the common questions that might irritate you too:
- Is an MBA worth it in Australia?
- How much does an Australian MBA cost to an Indian?
- Is work experience necessary for MBA in Australia?
You may ask, what are the perks of studying in top universities of Australia?
Well, if you aspire to do your MBA from one of the top institutions then perhaps yes, it is worth it. You are going to have world class facilities. Since your batchmates/classmates will be top class, you are going to push yourself to perform well. In the process, you going to learn and use best practices to up your game. Also, you are going to be trained by the best of best faculty.
When you graduate from the top institute, even the weakest player could probably be much better than strongest player of the average institute. Furthermore, the professors may have multiple patents, industrial associations, and are at cutting edge of their respective fields. They will continuously challenge your capabilities with classroom discussions, presentations and assignments on a wide array of topics.
The below table throws important light on an MBA in Australian universities.
|Sl. No||Univeristy Names||Popular Programs||Tuition Fees (in INR) (Full Course) $1 = 57*||Living Expenses (in INR) P.A.||Expected Avg Median Salary P.A. (in INR)||Entry Requirements for Indians|
|1||Melbourne Business School||MBA (2 years)||5,101,500||1,200,000||6,270,000|
|2||University of New South Wales (AGSM)||MBA (16 Months)||4,924,800||1,425,000||6,840,000|
|3||Monash Business School||MBA (2 years)||4,012,800||1,200,000||7,695,000|
|4||The University of Queensland||MBA (1 year)||4,606,056||1,368,000||7,695,000|
|5||Macquarie Business School||MBA (2 years)||4,560,000||1,156,000||9,975,000|
|6||Queensland University of Technology (BGSB)||MBA (18 Months)||4,223,700||1,510,500||8,835,000|
|7||Adelaide Business School||MBA (18 Months)||4,146,750||1,156,000||7,068,000|
Returns on Investment for MBA in Australia
Evidently, the typical investment is between 52 and 80 Lakhs for a two-year course in Australia. Now, let’s assume you get a job immediately after completing your MBA in Australia. The pay scale varies between 62 and 99 Lakhs a year. While, you spend nearly 20 lakhs on your living a year. And, as a foreigner you will have to incur 32% – 45% as flat tax on your income. As a result, you could save approximately 20 to 40 lakhs a year and repay the loan (if you had taken one).
Therefore, it is totally worth pursuing MBA from Australia if you are doing it from one of the best universities.
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