The average MBA salary in Australia is AUD 136,913. The minimum MBA in Australia salary is AUD 85,000. The highest MBA salary in Australia is AUD 305,000.
Year-on-Year Melbourne MBA Average Salary Trends
The average salary for MBA from Melbourne Business School is AUD 118,000 (INR 64L), according to recent data.
Salaries for MBA in Finance graduates in Australia are competitive, with entry-level salaries averaging around 70,000 AUD (40 lakhs INR) per annum. With experience, graduates can expect to earn even higher salaries, with some earning upwards of 150,000 AUD (85 lakhs INR) per annum.
The costs of pursuing an MBA in Australia vary depending on the school and the program. Generally, tuition for an MBA program in Australia can be anywhere from $20,000 to $100,000. Additional fees for textbooks, materials, and campus amenities may also be involved.
Supported by internship programs and placement capability, Australia has a robust job market for skilled MBA professionals. The latest placement records talk about The Melbourne Business School having a 88% placement. The Australian Graduate School of Management (AGSM) has a placement record of 69%.
The average MBA salary in Australia is AUD 136,913. The minimum MBA in Australia salary is AUD 85,000. The highest MBA salary in Australia is AUD 305,000.
There are countless MBA jobs in Australia. The job opportunities in Australia after an MBA are increasing exponentially. Recruiters are often strongly biased towards MBA graduates in finance, accountancy, human resources, supply chain, operations, sales and marketing, program management, and business development.
Undertaking an MBA degree will provide you with the principles and practices of good management and leadership. In addition to this, you'll become fluent in finance management, time management, and develop lifelong leadership and influencing skills to be able to execute career advancement.
M.B.A Highlights
A full-time MBA at the University of Melbourne is a two-year program that will cost around 45 Lakhs to Indian students. Ranked 80 in the world (FT Ranking 2020), the program focuses on practical business applications.
MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes. The average MBA salary in India in 2021, according to payscale, was INR 7,71,801. MBA is the one of the most well-paid postgraduate courses. Also Read: Best MBA Specializations with high paying jobs in India.
MBA Finance Jobs: MBA in finance offer senior level jobs in the finance industry. As per PayScale, the average salary for finance manager in India is INR 9,95,246. The salary is highest in Bangalore (INR 12,16,592) followed by Delhi (INR 10,255,60).
The average salary for MBA from Melbourne Business School is 1,18,000 AUD (INR 64L). Melbourne Business School provides learning solutions including short courses, adapted to clients' needs, fully customized programs to enhance organizational performance and culture, and coaching for individuals or teams.
Undoubtedly, MBA programs are challenging, and their difficulty level varies. But, usually, an online MBA is neither a walk in the park nor extremely difficult. About 63% of online MBA students finish their degree. So, it's a challenge that you can take on with time management and discipline.
After graduation, MBA students of Australian universities earn an average salary of 187,062 AUD (99.43 lakhs INR) per annum. Graduates often get employed to leading companies like Allianz, JP Morgan, Telstra, Barclays, Westpac Banking Corp, Woolworths, and HSBC Global Asset Management.
Traditionally, finance, marketing, HR, operations, and entrepreneurship are some of the most sought-after and the best MBA specializations and are considered safest by many students.
Basic Eligibility Criteria for an MBA in Australia.
Bachelor's Degree – A relevant Bachelor's degree with a minimum GPA of 3.3 – 3.5 / 4. GMAT – You will need top GMAT Scores with the average score being 700 to get into the top universities in Australia.
A typical MBA course in an Australian institution is for 15 months - 2 years. However, several universities offer a one-year MBA course as well.
Study the full-time MBA at Australia's first university, ranked 4th in the world for graduate employability. Taught over 18 months, you will develop your personal skills, business knowledge and ability to build and lead enterprises.
The average graduate salary in Australia is $73,958 per year or $37.93 per hour. Entry-level positions start at $65,000 per year, while most experienced workers make up to $95,655 per year.