Some international students who are looking for information to study MBA in Australia, find themselves with many references and therefore still do not know how to start the process to start their studies in this country, which is one of the best in the world to reside. Here we explain everything you need to know step by step.
Programs MBA (Master of Business Administration) in Australia, are offered by many universities. In Australia this area of knowledge is taught at the university level. If you want to get the details about the MBA courses in Australia, you can simply do a course search using Course Finder.
Why study MBA in Australia?
Reason 1: Many of the MBAs (Master of Business Administration) in Australia have subjects in common the first year, and then give the student the possibility of choosing the specialization they want, including:
- Women’s Leadership Finance
- Public relations
Reason 2: Australian universities do not require the GMAT (Graduate Management Admission Test) to apply to MBA programs.
Reason 3: Something interesting about pursuing an MBA (Master of Business Administration) in Australia is that some universities offer the Triple Crown certification. QUT (Queensland University of Technology) is one of them.
Reason 4: University degrees awarded by various Australian universities are recognized throughout the world.
Reason 5: Wages in Australia are among the highest in the world. A recent MBA (Master of Business Administration) graduate can earn salaries well above a professional salary in Mexico, therefore as a professional the opportunities are limitless.
Reason 6: Taking an MBA in Australia you will be in permanent contact with students from all over the world.
How much does an MBA cost in Australia?
The costs of the degree depend on several factors, among them: the prices of these programs vary depending on each university, know whether or not you can apply for a scholarship for your academic excellence and finally the city where the university you want to choose is located.
Prices for MBAs (Master of Business Administration) range from AU $ 20,000 to AU $ 46,000 per year. For these programs you can check the scholarships for Australia 2021 available, these range from 15% to 50% discount. You can check them with your trusted educational agency.
You must also include to this, the payment of additional services, which are expenses that are paid once in a single exhibition:
- Australian health insurance OSHC Australia has a cost from AUD $ 35 to AUD $ 55 per week, this amount is subject to change since the more weeks the fee per week decreases. It is paid directly through the website of the insurer or the educational provider.
- The SubClass 500 study visa costs AU $ 620. It is paid directly in the migration profile.
- Biometric captures cost AU $ 38. Cash is not accepted and is paid on the day of the appointment.
- The cost of translations into English of the documents will depend on the public interpreter you hire.
- You must have a savings or reserve amount for your living expenses (housing, food, transport and cell phone), to spend when you arrive in Australia while you are employed. Depending on the city you choose, the average is around AU $ 1,500 per month.
Requirements to start an MBA in Australia
Requirement 1: Have a medium and certified level of English. For an MBA (Master of Business Administration) you must have an IELTS of 6.5, no band must be less than 6.
Requirement 2: Be between the ages of 18 and 50. The more years you can increase the risk of visa denial.
Requirement 3: Valid passport. It must be valid for a minimum of six months.
Requirement 4: The academic documentation must be translated by a public interpreter into the English language. To apply for the master’s degree you must have a bachelor’s degree and qualifications. All this documentation must be certified and stamped by the educational agency that represents the institute or the university.
Requirement 5: The motivation letter or GTE Genuine Temporary Entrant. Explain why and for what you want to take an MBA in Australia and add the documents that support this information.
Requirement 6: Take out Australian health insurance (Overseas Student Health Cover) , for international students. Mandatory.
Requirement 7: Have a budget for all expenses upon arrival , approximately AU $ 1,500 for a month.
Benefits of studying an MBA in Australia
Benefit 1: Most of these programs are more specialized than in Latin America and last 1 to 2 years.
Benefit 2: MBA (Master of Business Administration) studies in Australia are internationally recognized.
Benefit 3: Allows you to attach the members of your direct family (partner or children).
Benefit 4: The Australian study visa allows you to work part time during classes and full time during your holidays.
Benefit 4: If your partner is attached to your visa, then he or she can work full time.
Benefit 5: Finally, depending on the program you choose, you will have the option of applying for a Subclass 485 graduate visa, which allows you to work full time and gain work experience in Australia. On the other hand, if you are eligible you can apply to the qualified migration program.
This is a simple guide about studying MBA in Australia. If you want to know more information about the study, you can visit CatEight. There are a great number of news and tips about studying in Australia on the platform.