Top 10 Best MBA in Australia 2023 (Full-time MBA Programs) – QS Global MBA Rankings 2023
The time has come to decide your future. You will either go back to school or you will not. Congratulations if you have decided that the best option is studying in an MBA program! It is a wise decision that will undoubtedly benefit your future career immensely.
There are so many universities and business schools that offer top MBA courses in Australia. Here we list the top 10 best MBA in Australia 2023, based on QS Global MBA Rankings 2023, with the top 3 being Melbourne Business School, AGSM, and MGSM.
When it comes down to choosing which MBA program to attend, you should consider many factors beforehand.
Studying full-time MBA courses might be a significant investment in global uncertainty due to the cost and time involved. However, this situation makes gaining skills and knowledge acquired through studies more critical. You will need every competitive advantage in this volatile business world.
Ask the schools for solutions if you have concerns about travel restrictions internationally due to COVID-19.
10 Best MBA in Australia 2023
Here is the list of top MBA schools in Australia, based on QS Global MBA Rankings 2022.
#1 – Melbourne Business School (The University of Melbourne) – Melbourne
The University of Melbourne. Credit: canva
About Melbourne Business School (MBS)
Melbourne Business School (MBS) is a business school in Melbourne, Victoria, Australia, that offers MBA programs, Masters’s degrees, and executive education courses.
Melbourne Business School is a public, limited company jointly owned by businesses (55%) and the University of Melbourne (45%). As the University’s graduate school in business and economics, they aim to provide Australia’s best business education experience.
The school’s main campus is in the Carlton suburb of Melbourne, close to central Melbourne.
The school has accreditation from AACSB and EFMD (EQUIS).
There are 4 MBA programs:
Full-time MBA
Part-time MBA
Executive MBA
Senior Executive MBA
MBA Rankings Australia
#1 in Australia & No. 27 in the World (QS Global MBA Rankings 2021)
#1 University in Australia (The University of Melbourne) (Times Higher Education Rankings 2023)
#1 in Australia (The Economist 2021)
#87 – Full-Time MBA (2021)
#69 – EMBA (2020)
Duration
The program takes up to 2 years.
Entry Requirement
A good GMAT/GRE score*
A university degree
Two years’ work experience
Two professional referees
English proficiency
Program Fee/Cost (2023)
Full-time MBA: The program fee for our Full-time MBA is $99,630. This covers all program costs and can be paid in installments.
Part-time MBA: The 2023 program fee is $4,650 per subject (12.5 credit points equivalent).
Executive MBA: The fee is $111,600 (2023), and can be paid in installments.
Senior Executive MBA: The program fee is $135,900 (2023) and can be paid in installments.
The Australian Graduate School of Management is a postgraduate management and business school that is part of the UNSW Business School at the University of New South Wales. AGSM offers general management, executive, and leadership development programs to those in Australia and internationally.
AGSM offers full-time and part-time MBA, undergraduate, and graduate-certified programs in Australia and online. For many years, the Financial Times has ranked the School’s MBA program as number one in Australia.
There are 9 MBA programs:
MBA Full-time Program
MBA Part-time Program (Executive)
MBA (Law)
MBAX (Change)
MBAX (Social Impact)
MBAX (Finance)
MBAX (Technology)
MBAX (Law)
MBAX (General)
MBA Rankings Australia
#2 in Australia & #31 in the World (QS Global MBA Ranking 2023)
#1 in Australia & #4 in the World (QS Online MBA Ranking 2022)
#1 in Australia & #79 in the World (The Financial Times (UK) 2021 Global MBA Rankings)
#8 (The Forbes 2019 Global MBA Rankings)
Duration
The program’s duration is 16 months or 24 months (Extension)
Entry Requirement
An undergraduate degree (or equivalent), at least 2 years of work experience, and a GMAT is required for entry into MBA Full-Time.
Program Fee/Cost (2023)
MBA Full-time Program: The 2023 fee per course is AUD$ 6,810*. The total estimated cost of the program is AUD$81,720*
MBA Part-time Program (Executive): The total estimated cost of the program is AUD$77,760 plus a residential fee for the Executive Year.
MBA (Law): The total 2023 estimated program cost is AUD$74,970 – $75,450 for domestic students and AUD$83,610 – $84,570 for International students.
MBAX: The 2023 fee per course is AUD$5,190 for the MBA (Change) / MBA (Technology) / MBA (Finance) core and specialization courses. The total estimated cost of the program is AUD$62,280.
Application
Before applying, interested candidates should satisfy the entry requirements. Please note that meeting these requirements does not guarantee an offer. The AGSM Full-Time MBA program takes approximately 60 students, which means fierce competition. To be successful, candidates must demonstrate excellence across their entire application.
You can apply online through the UNSW portal using the program code 8350.
Macquarie Graduate School of Management (MGSM) is a graduate school of management established in 1969 and associated with Macquarie University.
MGSM is an Australian business school with campuses in three cities- Sydney, Hong Kong, and Macquarie University. It offers meeting spaces for up to 500 people, 4-star accommodations, dining options, and recreational services at all three locations. The school’s mission is to promote leadership skills that create sustainable value while fostering good citizenship.
MBA Rankings Australia
#3 in Australia & #82 in the World (QS Global MBA Ranking 2023)
#2 in Australia & #20 in the World (QS Online MBA Ranking 2022)
#1 in Australia (Financial Times Global MBA survey, 2015, 2016, 2017)
#74 in the Financial Times (FT) Global MBA rankings for 2019
#78 (The Economist “Which MBA” Survey 2018)
Duration
For Domestic Students: 1.5 years or 2 years full-time, or equivalent part-time
For International Students: 1.5 years or 2 years full-time
Entry Requirement
For Domestic Students:
English Language Requirements: Academic IELTS of 7.0 overall with a minimum of 6.0 in each band or equivalent.
For International Students:
Entry into most postgraduate degrees requires you to have completed a bachelor’s degree or equivalent from a recognized institution.
You may also need to achieve a specific Weighted Average Mark (WAM) or work experience.
English Language Requirements: Academic IELTS of 7.0 overall with a minimum of 6.0 in each band or equivalent.
Program Fee/Cost (2023)
Estimated annual fee: $42,000
Fee per credit point: $525.00
Application
View the application now page for the complete steps and documents required to apply for our courses.
The Faculty of Business and Economics is one of the 10 primary faculties at Monash University. The Faculty includes Monash Business School in Melbourne, Australia, and the School of Business at Monash University Malaysia.
Monash Business School operates at three of Monash University’s four campuses around Melbourne. It is structured into seven discipline-based departments, four research centers, and a Leadership and Executive Education group responsible for delivering The Monash MBA, Global Executive MBA, or any other executive programs.
The school offers a variety of undergraduate and graduate programs as well as research degrees. Monash Business School is internationally renowned for its high-quality research, evidenced by its international rankings.
MBA Ranking Australia
#4 in Australia & #84 in the World (QS Global MBA Ranking 2023)
Duration
The full-time MBA is a two-year program involving experience-based modules, consulting projects, and overseas learning and industry engagement opportunities.
Entry Requirement
Applicants must have completed an Australian bachelor’s degree or an equivalent qualification and a minimum of three years of work experience (total) with at least one year of professional/managerial experience.
Applicants will be ranked accordingly based on their academic record, employment experience, and Statement of Purpose.
Applicants will be required to attend an interview (by telephone) with a selection panel member.
Program Fee/Cost (2023)
Fees per 48 credit points represent a standard full-time course load for a year. The total estimated cost of the program is A$50,000.
The University of Queensland Business School is a business school in Australia. There are seven areas of research expertise across UQ Business School: Accounting, Business Information Systems, Finance, Management, Marketing, Strategy, and Tourism.
The University started teaching its MBA program in 1972, the first one offered in Queensland. It became the first business school to meet the standards of US-based AACSB International and Europe’s EQUIS.
MBA Rankings Australia
#5 in Australia & #87 in the World (QS Global MBA Rankings 2023)
Top 50 worldwide (The Economist 2021 international ranking)
#1 MBA for student quality in the world (The Economist 2021 international ranking)
Duration
You can complete the MBA program in 12 months by studying full-time in intensive blocks between January and November in the same year. International students will need to complete the MBA using this option.
Entry Requirement
Four years of full-time work experience post-graduation, including at least two of the four years in a dedicated management role
Bachelor’s degree or equivalent with a GPA of at least 4.50 on a 7-point scale
OR Graduate Diploma in Business Administration from UQ or equivalent with a GPA of at least 4.50 on a 7-point scale.
International applicants must complete the Graduate Management Admissions Test (GMAT) with a minimum score of 550 and achieve at least 6.5 overall in the IELTS test (or equivalent test)
Applicants without a degree can apply based on significant work and management experience.
Program Fee/Cost (2023)
Domestic students: $80,208
International students: $84,648
Application
Gather documentation
Apply online
Applications are completed online. Simply create an account and use the program code 5430 during the application process.
#6 – University of Western Australia Business School – Perth
About the University of Western Australia (UWA) Business School
The University of Western Australia Business School is a business school at the University of Western Australia. UWA first began teaching Economics in 1912, and the Business School is now home to over 5,800 students. The school has four disciplines: Accounting and Finance; Economics; Management and Organisations; and Marketing.
The school offers undergraduate, postgraduate, and higher degrees through coursework or research programs. The school is the only University in Western Australia to hold both EQUIS and AACSB accreditations.
MBA Rankings Australia
#6 in Australia & #111-120 in the World (QS Global MBA Rankings 2023)
#1in the Oceania region for Entrepreneurship and Alumni Outcomes (QS Global MBA Rankings 2021)
Ranked in Top 3 Best Business Schools in Australia (AFR BOSS Best Business Schools 2022)
#1 Best Business School in Western Australia (AFR BOSS Best Business Schools 2022)
Duration
Various study modes are available. Study plans are for the 12, 15, and 18-month study modes.
Entry Requirement
To be considered for admission to this course, an applicant must have
a Bachelor’s degree, or an equivalent qualification, as recognized by UWA;
and
the equivalent of a UWA weighted average mark of at least 50 percent;
and
at least two years of professional experience in a relevant occupation
And:
a valid Graduate Management Admission Test (GMAT)* score, and at least three years of relevant, documented professional experience;
or
a valid GMAT* score of at least 650, and at least two years of relevant, documented professional experience.
* GMAT scores are valid for five years.
Program Fee/Cost (2023)
For International Students:
MBA Intensive course fee is $67,350 (72 credit points, FT 12-18 months).
The Australian National University (ANU) is a public research university located in Canberra, the capital of Australia. The ANU has an international reputation for its undergraduate and graduate degree programs, and they have a strong track record regarding postgraduate employment rates.
ANU College of Business and Economics offers the ANU MBAs. The four Research Schools conduct research in economics, finance, accounting, actuarial studies, statistics, marketing, and management.
MBA Rankings Australia
#7 in Australia & #121-130 in the World (QS Global MBA Rankings 2023)
Duration
MBA: A single 1.5-year graduate degree
MBA (Advanced): A single two-year graduate degree
ANU MBA Entry Requirement
MBA
A completed ANU Graduate Certificate of Management with a minimum GPA of 5.0/7.0; or
A minimum GMAT (Graduate Management Admission Test) score of 600 or higher; or
Completed Evidence-Based Management EdX MicroMasters, achieving at least 70% in the final capstone exam.
MBA (Advanced)
Minimum 5 years of work experience (including at least 3 years of documented management experience), with one of the following qualifications/tests:
Either:
A Bachelor’s degree or international equivalent with a minimum GPA of 6.0/7.0, or
An ANU Graduate Certificate of Management with a minimum GPA of 6.0/7.0, or
A minimum GMAT (Graduate Management Admission Test) score of 600 or higher.
Program Fee/Cost (2023)
MBA Annual indicative fee for international students: $46,680 (72 units)
MBA (Advanced) Annual indicative fee for international students: $47,880 (96 units)
#8 – RMIT University School of Business and Law – Melbourne
About RMIT University School of Business and Law
RMIT University, officially the Royal Melbourne Institute of Technology, is a public research university in Melbourne, Australia.
The university is recognized globally for its study and research in technology, design, and enterprise. In the QS World University Rankings 2021, we rank 18th among universities less than 50 years old globally.
The RMIT EMBA (Executive MBA) is one of the best programs globally and is EPAS accredited by EFMD, a quality program.
The RMIT Online MBA is also one of the best in Australia and has global recognition. It is an intensive program designed for those who want to cultivate the in-demand skills that will help them lead the future of business.
MBA Ranking Australia
#8 in Australia & #151-200 in the World (QS Global MBA Ranking 2023)
#3 in Australia & #37 in the World (QS Online MBA Ranking 2022)
#3 in Australia (according to QS Global Executive MBA Rankings 2021)
#29 globally (according to CEO Magazine Global Executive MBA Rankings 2022)
#14 in the world in CEO Magazine’s Global 2018 rankings (for Online MBA)
Duration
Executive MBA: Full-time 1.5 years
MBA: Full-time 2 years or 1.5 years accelerated
Online MBA: Part-time 2 years intensive
Entry Requirement
Academic:
An Australian bachelor’s degree or equivalent, or higher level qualification, in any discipline from a recognized tertiary institution with a minimum grade point average (GPA) of 2.0 (out of 4.0);
OR
An Australian bachelor’s degree or equivalent, or higher level qualification, in any discipline from a recognized tertiary institution and a GMAT overall minimum score of 600;
OR
The RMIT Graduate Certificate in Business Administration (Executive).
English language requirements:
IELTS (Academic): a minimum overall band of 6.5 (with no individual band below 6.0)
TOEFL (Internet Based Test – IBT): minimum overall score of 79 (with a minimum of 13 in Reading, 12 in Listening, 18 in Speaking, and 21 in Writing)
Pearson Test of English (Academic) (PTE (A)): minimum score of 58 (with no communication band less than 50)
Cambridge English: Advanced (CAE): minimum of 176 with no less than 169 in any component.
#9 – UniSA Business School, University of South Australia – Adelaide
About UniSA Business School
The University of South Australia is a public research university in the Australian state of South Australia. It is among the founding members of the Australian Technology Network and has been rated as one of Australia’s top 20 universities for research, education, and innovation.
The University of South Australia offers students a variety of study locations, including metropolitan campuses in Adelaide (both on North Terrace), two regional campuses at Mawson Lakes and Magill, and offshore programs in Asia.
UniSA MBA is under UniSA Business Academic Unit.
UniSA Business is the only business school in South Australia accredited by AACSB International (The Association to Advance Collegiate Schools of Business) and EFMD (EQUIS).
MBA Ranking Australia
#9 in Australia & #151-200 in the World (QS Global MBA Rankings 2023)
Duration
The program is 1.5 years (s) full-time for MBA and 2 years full-time for MBA (Marketing).
Entry Requirement
A minimum of three (3) years of full-time management experience and a recognized university undergraduate degree or equivalent professional qualifications;
or
A Graduate Certificate or Graduate Diploma in Business Administration from the University of South Australia with an average of at least Pass Level 1 (55%) across four (or more) courses or equivalent qualification from the University of South Australia or another recognized university;
or
The Program Director may, under exceptional circumstances, accept candidates with substantial and proven managerial and/or entrepreneurial experience who have demonstrated the potential to meet the learning requirements of the MBA.
Program Fee/Cost (2023)
MBA:
AUD$ 37,800 per annum (per 1.0 EFTSL) for students enrolled in 2023
AUD$ 39,600 per annum (per 1.0 EFTSL) for students enrolled in 2024
MBA (Marketing):
AUD$ 37,700 per annum (per 1.0 EFTSL) for students enrolled in 2023
AUD$ 39,600 per annum (per 1.0 EFTSL) for students enrolled in 2024
Application
How to apply for international students will give you helpful information about the University of South Australia application process.
If you would like to talk to someone near you about studying at the University of South Australia, we have agents worldwide who can assist you. Find an Education Agent in your country.
#10 – UTS Business School, The University of Technology Sydney – Sydney
About UTS Business School
The University of Technology Sydney (UTS) is a public university in Sydney, Australia. Its origins trace back to the 1870s, but it was formally founded in 1988. As of 2020, UT officially enrolls 46,328 students through its 9 faculties and schools.
The University of Technology, Sydney, delivers a range of courses through its degrees and programs for qualified students at both undergraduate and postgraduate levels. The school is also internationally renowned for its innovative research.
MBA Ranking Australia
#10 in Australia & #151-200 in the World (QS Global MBA Rankings 2023)
Duration
MBA: 2 years full-time or 4 years part-time
Executive MBA: 2 years part-time
Advanced MBA: 1 year full-time or 2 years part-time
