Business Schools in Melbourne: Courses, 2023 Fees, Deadlines, Admission Requirements, Test Scores

Business schools in Melbourne belong to the top 2% b-schools in the world. Melbourne city is also home to Melbourne Business School which consistently ranks in top 100 in world, as per FT Rankings. The MBA placement rate of each business school in Melbourne is significantly high and ranges around 90%. A list of the top business schools in Melbourne is provided here:

  1. Melbourne Business School
  2. Monash University
  3. La Trobe Business School
  4. RMIT University
  5. Victoria Graduate School of Business
  6. Deakin Business School

If you are planning to study at any of the business schools in Melbourne, the estimated budget is 17,500 AUD for living expenses & 50,000 AUD for tuition & fees. For Indian students, the cost of studying in business schools in Melbourne is INR 35.6 lakhs per year.

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Melbourne Business School

Melbourne Business School is known for offering postgraduate degree programs in the field of management, economics, finance and entrepreneurship. Melbourne Business School is ranked at #1 in MBA degree in Australia by The Financial Times, the QS and The Economist. The following table represents important facts about Melbourne Business School:

Popular Courses MBA
MS in Business Analytics
Master of Management
MBA Tuition Fee Per Year for Indian Students 52.6 lakhs INR
Admission Requirements 2 LORs,
Personal statement,
GMAT or equivalent GRE,
2 years of work experience
GMAT Score 560
IELTS Score Minimum of 7.0 overall with no individual score less than 6.5
Melbourne Business School Full Time MBA Intake Sessions Round 1: November 30, 2022 (Closed)
Round 2: January 30, 2023 (Closed)
Round 3: March 31, 2023 (Closed)
Round 4: May 31, 2023
Round 5: June 30, 2023

Monash Business School

Monash Business School is among the top 1% Business Schools in the world and offers numerous undergraduate, postgraduate, MBA, entrepreneurship and executive MBA programs. The b-school enrolls over 16,307 students including 12,852 undergraduate and 3,282 graduate students. MBA in Monash University is ranked at #73 by QS Global Rankings 2022. Following are the significant factors about Monash Business School:

Popular Courses MBA,Global Executive MBA
Rankings #3 in QS Global Rankings for Oceania 2022,
#73 in QS Global Rankings 2022,
#26 in Best Global Universities for Economics and Business
MBA Tuition Fee Per Year for Indian Students 26 lakhs INR
GMAT Requirement GMAT/GRE score not required (Average GMAT: 650)
IELTS Score 6.5 Overall score, with minimum band score of 6
MBA Deadline 31 March 2023 (Closed)

La Trobe Business School

La Trobe Business School is known for its programs across Management and Marketing. La Trobe MBA ranks 2nd in Australia and 51+ in the world for the Masters in Business Analytics as per QS Rankings. Following are the important information about admission to La Trobe Business School:

Average Annual Tuition Fee for Indian Students 20.5 lakhs
Admission Requirements Weighted average 60%,
Three years of work experience,
Academic transcripts
Popular Courses MBA
Master of Engineering Management
Master of Commerce
GMAT Requirements Not required (Average GMAT: 600)
IELTS Score Overall 6.0, no band less than 6.0
MBA Deadline 3 July 2023

Graduate School of Business and Law - RMIT University

RMIT University is home to 26,000 students in Melbourne, Vietnam, and via partnerships in Singapore and China. The b-school offers placement opportunities in its 60 partner companies. . Check the details of admission to Graduate School of Business and Law - RMIT University:

Popular Courses MBA
Executive MBA
Juris Doctor
MBA Tuition Fee Per Year for Indian Students 24.8 lakhs INR
Admission Requirements Australian bachelor degree equivalent, Minimum GPA of 1.0 out of 4.0 (65-66%)
GMAT Score 550
IELTS Score 6.5 (no band less than 6.0)
Intake Sessions February

Victoria Graduate School of Business

Ranked among top 2% universities worldwide by QS, Victoria University offers world class postgraduate programs in different academic fields. Victoria Graduate School of Business offers education in Accounting & Finance, Business Administration, Information systems Management and various other streams. The details of admission to Victoria Graduate School of Business are as follows:

Top Programs MBA
Master of Management
Master of Business Analytics
Average Annual Tuition Fee for Indian Students 8.73 lakhs INR
Admission Requirements 55% in Bachelor's degree in any discipline, 5 years managerial experience
GMAT Score Not required (Average GMAT: 600)
IELTS Score Overall score of 6.5 with no band less than 6.0

Deakin Business School

Deakin Business School is one of the top b-schools with a high graduate employability rate. Deakin Business School offers a wide range of business related courses across six academic departments including Accounting, Finance, Economics, Information Systems and Business Analytics, Management and Marketing. The details of admission to Deakin Business School are as follows:

Top Programs International MBA
Master of International Accounting
Master Human Resource Management
Average Annual Tuition Fee for Indian Students 20.6 lakhs INR
Admission Requirements UG degree in any discipline and two years of relevant work experience
GMAT Requirements Not required (Average GMAT: 600)
IELTS Requirements 6.5 (with no band score less than 6) or equivalent

Admission Requirements for Business Schools in Melbourne

Students planning to apply to the business schools in Melbourne should prepare with the following documents:

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Business Schools in Melbourne offer the best business analytics degrees in Australia. Besides, the short courses for working professionals in Melbourne are unmatched in quality. Considering adequate graduate job opportunities with average salaries of 106,000 AUD per annum, Business Schools in Melbourne offer a promising career to international students.

FAQs

Ques. Is Melbourne Business School a reputable institution?

Ans. The Economist has named Melbourne Business School's MBA programme the finest in Australia and one of the top ten in the world for networking. Melbourne Business School is also ranked at #1 in MBA degree in Australia by The Financial Times, the QS Ranking 2023.

Ques. What are some of the best business schools in Melbourne for MBA?

Ans. Following are some of the top ranked business schools in Melbourne according to the QS rankings 2023:

University/School QS Global MBA Ranking 2023
Melbourne Business School 27
Macquarie Business School 82
Monash Business School 84
UQ Business School 87

Ques: What are the admission requirements for Monash Business School?

Ans. To get into the Monash Business School the general admission requirement that you will need to fulfill are mentioned below:

  • GMAT score of 650 or above
  • IELTS score of 6.5 Overall score, with minimum band score of 6.

Ques. How much work experience is required to get admission to MBA at Melbourne Business School?

Ans. To get admission into the MBA program of Melbourne Business School students need to have documentary proof of a minimum of 2 years of work experience in the management field.

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