Keystone logo
Australia

Study MBA in Australia 2023

Study in Australia

Australia is a nation located far south in the Southern Hemisphere. This culturally diverse nation is known for its sophistication as well as its rugged outback. It also has a world-class education system and, being an English-speaking country, has become very popular with international students seeking advanced business training.

Most of the population of Australia has settled on the southern and eastern coastal areas. Australia's thriving economy has given it the fifth largest per-capita income in the world. Today, its major industries are found primarily in its natural resources. Tourism is also a major part of the "Land Down Under" and its thriving economy.

Change currency

Basic monthly living cost

  • Rent in a shared flat

    753
  • Share of utilities

    54
  • Internet subscription

    51
  • Local transportation

    95

Sample lifestyle cost

  • Fast food combo

    9
  • Cinema ticket

    13
  • Pint of local beer

    6

About Australia

Business programs in Australia are found in the country's numerous universities and colleges, with the universities being the best location for a Masters of Business degree. These schools are typically located along the coasts in the country's more urban areas.

Those looking to study business in Australia will find it a welcoming country for international students. Most of the colleges and universities are used to having international students and have programs to help them acclimate to the school and the culture of the country.

The Australian school year runs from March through October and is divided into two semesters. Students have to be able to prove proficiency in the English language in order to be accepted into one of the degree programs, as all classes in these programs are taught in English.

The cost for an MBA will vary depending on the college or university chosen. Students should plan to attend at least two full-time semesters to achieve an MBA degree, but more study may be necessary for certain specialization or or coursework.

An MBA is ideal for those who are seeking senior management positions. It positions the student well for career advancement and higher income within the business field. Because Australia's educational system is known throughout the world for its quality, students who graduate with a business degree from an Australian university will be accepted into international business positions.

Upon graduation, students who receive a Masters in Business Administration degree in Australia may be eligible for membership in many professional bodies within Australia and New Zealand. Graduation is not guaranteed acceptance, but it is part of the requirements for acceptance.

Visa Requirements

For all programs of study, you will need to apply for a subclass 500 student visa.

The Special Category visa (subclass 444) is for New Zealand nationals who wish to study in Australia.

What type of Visa do you need?

Visa name

Student Visa

Price and currency

AUD 560

The current fees in order to apply for a student visa are set to $560 AUD (~400 €). The price is always the same no matter the length of your studies. Please note that this price may vary depending on the location where you apply for your Student Visa (Australia or onshore).

Who can apply for the visa?

Anyone enrolling as an international student on a course lasting four months or more in Australia will need a student visa. In order to apply for an Australian student visa, you must have an unconditional offer of place at a university, have accepted that place in writing and paid the required tuition fee deposit. The program you choose must be between 12 and 52 weeks in order to be eligible for a student visa.

Where can you make the application?

Online system

This subclass 500 visa must be applied for using the online system.

Website:https://www.homeaffairs.gov.au/

How to make the application?

Before applying for a visa, you will need to obtain a Confirmation of Enrolment (COE) or a Letter of Offer confirming that you have been accepted into a course registered under the Commonwealth Register of Institutions of Courses (CRICOS).

When completing your online visa application form, you will need to provide evidence that you meet:

  1. Financial requirements - the amount you need to prove you have for living costs (separate from tuition and travel) is set at AU$19,830 (~US$15,170) for a year. Alternatively, you can show evidence that your spouse or parents are willing to support you and that they earn at least AU$60,000 (~US$45,850) a year.
  2. English proficiency requirement - If you’re not from an English-speaking country (and haven’t completed at least five years’ study in an English-speaking country) you’ll need to prove you can speak English to the required level with IELTS, TOEFL iBT, Pearson Test of English (PTE) Academic, or Cambridge Advanced English (CAE).
  3. Health requirement - Some students may be asked to take a medical and/or a radiological check-up to show they are in good health (this applies, for example, to those who intend to train as a doctor, dentist or nurse). Except those from Belgium or Norway, all students are obliged to purchase Overseas Student Health Cover (OSHC).
  4. Character requirements - Australian student visa requirements stipulate that you must be of good character to enter Australia. This includes a criminal record check.

Typically, students must submit the following:

  • Completed Australian student visa application form (157A)
  • Paid visa application fee – currently AU$550 (~US$420 in most cases
  • Copy of passport biodata page (some students may be asked to physically provide their passport)
  • Certificate of Enrolment or Letter of Offer
  • Evidence of sufficient funds
  • Evidence of health insurance cover
  • English proficiency test results
  • Criminal record check results
  • Four recent passport-sized photographs

After you have assembled and scanned your supporting documents, you’ll need to create an account and apply with the online ‘ImmiAccount’ application system: https://www.border.gov.au/immiaccount.

When should you apply?

You can only make an application for an Australian student visa after you have received a Confirmation of Enrolment (CoE) from your chosen university.

Most visa applications take four weeks to process. The student visa duration depends on the program you choose. If you study in Australia for a course that is longer than 10 months and finishes at the end of an Australian academic year (usually mid-December) your visa will usually be valid until 15 March the following year. If your course is longer than 10 months and finishes in January to October, your visa will usually be valid for two months following the completion of your course.

You can renew your Student Visa as many times as you want, as long as you are enrolled in a course approved by CRICOS.

You can enter Australia on your student visa up to 90 days before your course starts. Within seven days of arrival, you must inform your education provider of your resident address, and also inform them within seven days if you change address.

Processing time

4 Weeks

Work opportunities

While on a student visa, you may work up to 40 hours per fortnight during term time, and full-time in the holidays. Work that is a formal, registered part of your course is not included in the limit. If you’re studying a master’s by research or a Ph.D. you do not have any work restrictions.

Hours per week

20

Why do you need this type of visa?

Your student visa application may be rejected, among other things, if you provide incorrect or incomplete documents, or if you do not meet the necessary financial, character, or health requirements.

News and Articles

  • The Best Places in the World to Study Business

    Oct 3, 2016

    In an age where global business drives innovation and technology across disciplines, selecting the right MBA in the right place can be a difficult choice. We’ve put together a list of 6 of the best places in the world to study business. Learn more.

    Read more
  • What are the Most Exciting Countries to Study Business in?

    Oct 1, 2019

    Have you been wondering where in the world you could study business? Do you strive for excellence in all things and want a rigorous program that will be both demanding and life-changing? MBA programs are available in many countries -- in fact, there are so many options, it’s hard to choose. However, each country offers something different and selecting the program that will best fit your needs depends, in part, on what kind of business focus you have. For those who want to pursue an MBA and start a career in business, studying abroad in countries where there are great programs available, can be extremely advantageous, both personally and professionally. Consider how these six countries, each with their own unique appeal to business students, could help get your business career on its way!

    Read more