Gaining an Australian MBA in Finance from a reputable university will help you keep one step ahead of the competition. There are a few Australian schools in the top 100 of the QS World Ranking 2024. By choosing an MBA degree specialization in finance, students can enhance their understanding of finance through intensive accounting education. 

An MBA program in Australia costs roughly 59,966 AUD per year. In addition, expenses have increased by 3.34 percent compared to the prior year. Thus, if candidate want to study for an MBA in finance in Australia, keep reading to find out about scholarships, best universities, jobs available, and more.

 

Benefits of Studying MBA in Finance in Australia:

 The following are a few advantages of an MBA in finance in Australia:

 

    1. Establish a network:

While pursuing an MBA in Finance, students will have the opportunity to interact with experienced professors, classmates, and business professionals through courses and internships. Building a network in Australia may improve their access to opportunities and resources.

 

  2. Worldwide acknowledgment:

 

Having an MBA in finance increases a student’s chances of working overseas and exploring new career opportunities in various finance organizations. People can live and work in a range of culture and environment.

  3. Growth of students:

 

Australian business schools place a high value on diverse, complete education.  The schools aim to support the complete development of international students by placing a strong emphasis on leadership and personal development in addition to modern communication methods.

 

  4. High Pay Scale:

If the applicant chooses to pursue an MBA in finance, having the skills and knowledge required to manage a business successfully will open additional doors to become an executive and increase income.

 

Best Universities in Australia for MBA in Finance:

 Below is the list of the universities in Australia for MBA in Finance:

 

Universities

University of Melbourne

New South Wales  University

University of Wollongong

Macquarie University

University of Queensland

Queensland University of Technology

Griffith University

Curtin University

University of South Australia

Monash University

 

 

1. University of Melbourne, Business School:

 

Melbourne Business School is a worldwide recognized in business education. MBA program offers a specialization in finance and business connections. It offers Executive, Full-Time, and part-Time programs.

With multiple research centers and institutes concentrating on different facets of company management. Melbourne School is renowned for its noteworthy contributions to business research.

 

Course	Master of Finance
Duration	2 years(full-time)
Estimated annual fees*	AUD 49,000 (INR 27,32,000)

 

 

 

2. University of New South Wales:

 

The University of New South Wales Australian Graduate School of Management offers a well acclaimed MBA in Finance course. The institution is well-known for its practical learning style and solid business connections.

. Professionals in corporate finance, portfolio management and financial analysis are among the positions for which graduates are qualified.

 

 

Course	MBA in Finance
Duration	1.5 years(full-time)
Estimated annual fees*	AUD 86,400 (INR 48,17,000)

 

 

  3. University of Wollongong:

 

The finance major in the MBA program at Sydney Business School is available. It is renowned for its rigorous focus on developing practical skills and its flexible study alternatives. The program is intended for people who want to improve their financial careers and gain a deeper grasp of money management.

Course	Master of Applied Finance
Duration	1.5 years(full-time), part-time available
Estimated annual fees*	AUD 50,544 (INR 28,19,000)

 

 

 

4. Macquarie University:

The Master of Finance program at Macquarie University’s Macquarie Graduate School of Management (MGSM) is intended to provide students with a thorough understanding of finance and equip them with the skills necessary for a variety of positions in the financial sector.

 

Course	MBA in Finance
Duration	1.5 years(full-time)
Estimated annual fees*	AUD 39,200 (INR 21,86,000)

 

 

 

5. University of Queensland:

 

For students who want to expand their knowledge and proficiency in finance, the University of Queensland provides an extensive Master of Commerce (Finance) degree. A capstone project or finance-focused research component, as well as several core and elective courses, are all part of the Master of Commerce (Finance) program.

 

Course	Master of Commerce (Finance)
Duration	1.5 years (full-time)
Estimated annual fees*	AUD 45,728 (INR 25,49,000)

 

 

 

6. Queensland University of Technology:

 

Demand is quite high for Queensland University of Technology’s Master of Business (Finance) program. The course covers a wide range of financial issues, including as risk management, financial markets, corporate finance, and investment management. It blends intellectual understanding with real-world expertise.

 

Course	MBA in Finance
Duration	1.5 years (full-time)
Estimated annual fees*	AUD 47,800 (INR 26,62,000)

 

  7. Griffith University:

Students pursuing the Master of Finance program at Griffith University will get extensive expertise in corporate finance, investing, and financial management. Graduates are prepared for a range of positions in the financial sector. Financial markets and institutions, corporate finance, financial risk management, investment analysis, and derivative instruments are covered.

 

Course	Masters in finance
Duration	1.5 years (full-time)
Estimated annual fees*	AUD 37,000 (INR 20,60,000)

 

 

  8. Curtin University:

Curtin University’s (Master of Finance program) is designed to equip individuals in charge of finances with the worldwide managerial abilities they need. Corporate finance, conventional and alternative investments, financial technologies, international business, banking, and financial modeling are just a few of the financial subjects.

 

Course	Masters in finance & Banking
Duration	1.5- 2 years (full-time)
Estimated annual fees*	AUD 35,000 (INR 19,50,000)

 

9. University of South Australia:

 

The MBA program at the University of South Australia designed for experts managers and ambitious executives, emphasizing senior management decision-making from a practical standpoint. With this MBA in finance course, students will get the professional knowledge and abilities necessary to lead and serve on boards, as well as a deeper understanding of the significance of the industry and the impact of well-functioning boards.

Course	MBA in Finance
Duration	1.5 year (full-time)
Estimated annual fees*	AUD 36,000 (INR 20,07,000)

 

 

10.  Monash University:

 

Monash Business School has a well-known MBA program with a focus on finance. It is renowned for its broad alumni network, industry relationships, and strong emphasis on leadership, innovation, and global business. The program is made to be extremely pertinent to the practices and trends of the modern industry.

 

Course	MBA in Advanced Finance
Duration	1.5 year (full-time)
Estimated annual fees*	AUD 45,000 (INR 25,05,000)

 

 

Also Read: Masters In Australia

 

Eligibility Criteria:

 

Australia’s business schools offering MBA programs are recognized by internationally renowned organization. As a result, it is well-known worldwide. Students who meet the requirements for admission to an MBA program in finance at Australian universities must also submit the necessary application fees and supporting documentation. The subsequent standards are:

 

• 1. English Language tests,
  2. A bachelor’s degree,
  3. Work experience
  4. Extra Requirements
  5. Visa

 

These are the prerequisites that a student must successfully complete to be admitted. Let’s investigate it further:

 

  1. Bachelor’s degree:

To pursue an MBA in Finance in Australia, international students must first get an undergraduate degree in any field from an accredited university with a minimum GPA of 65%.

 

  2. English Language Test:

Students who wish to enroll in an Australian institution must be able to pass an English language competency exam, such as the TOEFL or IELTS. For the TOEFL, the total score (iBT 60 to 90) is the minimum, while for the IELTS, it is 6 or 6.5. Furthermore, to gain admission fast, a GMAT score of 590 is accepted by many Australian universities.

 

  3. Employment History:

A minimum of two to three years of work experience is required of applicants to MBA programs.

 

   4. Study Visa:

Students can enter and stay in Australia for the length of their enrolled course of study with a student visa. They will receive an acceptance letter from the institution, which they must then fill out application form.

 

Documents Required for MBA in Finance:

 Below are the additional documents required for the admission process in Australia for MBA courses:

• 1. Transcripts of studies
  2. Test certificate including GMAT, TOEFL, and IELTS
  3. List of every certificate earned by undergraduates from previous universities.
  4. Updated resume and curriculum vitae
  5. GMAT or GRE score (required)
  6. Statement of Purpose, (SOP)
  7. Letters of Recommendation (LORs)
  8. A bank statement demonstrating  enough funds

 

Admission Process for MBA in Finance:

 Students must adhere to certain procedures when applying to Australian universities to get admitted to the MBA in Finance program without difficulty.

 

 1.Look into a few of Australia’s best colleges that offer MBA programs in finance.

 2. After selecting the degree, applicant need to find out which university/college offer courses.

 3. Most international students apply online or by mail to Australian universities. Application forms are available on the university’s official website or upon request.

 4. Prepare for the institute’s interview rounds after submitting application to chosen university.

 5. If application is accepted, student will receive an acknowledgement letter and an acceptance form.

  6. Read the letter attentively and make sure all the criteria are checked before accepting the offer.

 7. After receiving an offer letter from the Australian university, be ready to go and apply for a student visa.

 

 

Cost of Studying MBA in Finance in Australia:

The cost of living in Australia for overseas students as well as the MBA Finance tuition in Australia are included in the cost of studying for the program.

 

Tuition Fees	Living Cost
Estimated yearly fee: AUD 45,000- 822,000 (INR 25,09,000-4,58,27,000)	Estimated yearly cost: 19,500 AUD (10,87,000 INR)
Depend on university and courses	Include: books, transportation, accommodation etc.

 

Scholarships for MBA in Australia:

Below are the scholarships offered for international students for MBA in Finance:

 

 

 

Scholarships	Description
Monash International Women Leadership Scholarship	23,113 AUD (12,89,000 INR)
MBA International Prestige Scholarship	Full Tuition fee waiver
Adelaide MBA scholarship	Tuition fee waiver 25%
MBA student scholarship	25% fee waived

 

Career After for MBA in Finance:

The following are a few career opportunities and MBA finance salaries in Australia:

 

Job Title	Estimated yearly Salary
Business Analyst	INR 52,39,000 (AUD 94,000)
Management Consultant	AUD 90,624 (INR 50,52,000)
Risk manager	INR 77,9,000 (AUD 139,896)
Manager	AUD 80,412 (INR 44,82,000)

 

 

So, students considering doing an MBA in Finance in Australia, connect with our DY Immigration counsellors today. Book a session with our professionals immediately and plan your journey for study in Australia.

 

FAQ

Q1. Which tests are necessary to be admitted to an Australian MBA program?

Ans: International students may be required by some Australian colleges to submit results from standardized tests, such the GMAT. Test results from the IELTS or TOEFL are required for students who do not speak English as their first language.

 

Q2. What types of jobs are typical for Australian MBA graduates?

Ans: In Australia, common employment roles include:

• 1. Executive officers,
  2. Managers,
  3. Consultants,
  4. Analysts, and so forth.

 

Q3. What is the salary of an Australian graduate with an MBA in Finance?

Ans: The average annual salary for an MBA in finance in Australia is AUD 1,32,793 (approximately INR 74,02,000).