MBA Salary in Australia: It has been rightly said that an MBA degree prepares students for the newest global business trends and transforms them into business experts. Because of the country's advanced growth and high-end educational institutions, pursuing an MBA in Australia will offer your career a boost.
International students might find a variety of work options in Australia. The country has a growing need for skilled workers, so it attracts and integrates overseas students by offering lucrative post-study employment visas.
Furthermore, if you pursue an MBA in Australia, you will benefit from the country's post-study work visa, which allows international students to stay in the country for up to 2 years after finishing their MBA and encourages them to work.Let us now look deep into MBA salary in Australia after completing an MBA degree.
Quick Overview of MBA in Australia
Before we get into details about MBA salary in Australia, let us introduce you to the highlights of pursuing MBA in Australia:
Parameters |
Description |
Course Duration |
1-2 years |
Year Division |
Semester wise |
Total Universities Offering MBA in Australia |
30+ |
Admission Requirements |
Bachelors's degree in a relevant field of study, GMAT scores, IELTS/TOEFL/PTE, Work Experience |
Average Tuition Fee |
AUD 54,000 per year |
Degree Types |
Full time/Part time/Online |
Types of MBA in Australia |
General MBA, Executive MBA and MBA with specialization |
Average Salary |
AUD 98,500 |
Top MBA Recruiters |
JP Morgan, Woolworths, Allianz Global Investors, Barclays |
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Best Specialisations for MBA in Australia
There are various categories on which the candidate's future depends in MBA as well. It is known as a specialisation or an MBA in that field. Any MBA can major in a subject, which directly determines the type of job/position they would acquire in any organisation. Let us look at some of the most popular MBA specialisations in Australia to have a better understanding of MBA salary in Australia.
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General: In Australia, general MBAs earn roughly AUD 100,000 per year. This programme includes the fundamentals of finance, operations, consulting, marketing, and so forth. Choosing General MBA is a sensible selection if one does not know what is best for them. With a General MBA, one can work as an operations manager, business development manager, senior business analyst, CEO, or a variety of other positions.
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Finance: Finance MBA graduates in Australia earn roughly AUD 96,000 per year. Finance employs more than 22% of post-MBA graduates. MBA in Finance is the most important aspect of any organisation, and being a finance MBA implies understanding the economy and money in order to sustain and profit a corporation. It is about understanding the value of assets and the concealment of debt. It is about cultivating the habit of being economical. Finance offers a variety of job opportunities.
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Marketing: On average, the MBA salary in Australia after MBA in Marketing is roughly around AUD 110,000 per year. Excellent marketing skills may quickly build a business. Marketers play an important role in the success of any organisation, from acquiring new consumers to increasing market share and income. Essentially, they understand what the customer wants and use their skills to attract them. An MBA in Marketing degree includes market research and analysis, competitive analysis, branding, advertising, and other similar activities. Marketing Manager, Media, Internet Marketer, Business Developer, and more positions are possible with an MBA in Marketing.
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Information Technology: An MBA salary in Australia post an MBA in IT degree is approximately AUD 100,000 per year. It is one of the most sought-after post-graduate programmes. As an MBA major, IT teaches the management and business aspects of running an IT/Service company. The course includes System Analysis, Supply Chain Management, Network Security, and other topics in addition to the managerial decisions that must be made. With an MBA in Information Technology, one can advance to positions such as Information Technology Manager, Business Analyst, Project Manager, Administrative Assistant, and CEO.
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Entrepreneurship: An MBA salary in Australia post-MBA in Entrepreneurship can go up to AUD 114,000. Though entrepreneurship is not about money, there is employment available for this specialisation. The curriculum focuses on starting a business. It improves an individual's strategic and business skills. It focuses on networking, potential problems and how to overcome them, and making sound judgments. It explains how to create a company strategy using both creativity and analytical skills. Product Managers, Marketing Managers, Marketing Directors, and other positions are available to Entrepreneurship MBA graduates.
The Average, Minimum and Highest MBA Salary in Australia
The majority of the top earners in this group have a bachelor's degree or higher. However, for an MBA income, Australia is a top destination because the highest salaries also represent in-demand professions. It was a fascinating and illuminating look at the earning trends in the Australian labour market, emphasising the influence of university degrees and the prospective earning power of persons in business management professions.
Let us witness the average, minimum and highest MBA salary in Australia:
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The average MBA salary in Australia is AUD 136,913.
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The minimum MBA in Australia salary is AUD 85,000.
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The highest MBA salary in Australia is AUD 305,000.
MBA Salary in Australia According to Job Roles
The table mentioned below depicts the average MBA salary in Australia in a range for different job profiles.
Job Title |
Annual Salary in a Range in AUD |
Chief Executive Officer (CEO) |
119k - 306k |
Operations Manager |
69k - 167k |
Project Manager |
72k - 173k |
General / Operations Manager |
79k - 223k |
Senior Business Analyst |
87k - 145k |
Marketing Manager |
62k - 151k |
Business Development Manager |
63k - 136k |
Senior Business Analyst |
86k - 145k |
Finance Manager |
74k - 143k |
Chief Financial Officer (CFO) |
103k - 228k |
Chief Operating Officer (COO) |
109k - 252k |
National Sales Manager |
96k - 179k |
Management Consultant |
72k - 188k |
Human Resources (HR) Manager |
69k - 158k |
MBA Salary in Australia by Top Recruiting Companies
Post looking at the MBA salary in Australia for different job profiles, here are the annual average MBA salaries in Australia offered by top Australian recruiting companies:
Top Recruiting Companies |
Annual Average Salary in AUD |
Woolworths |
123,000-225,000 |
Telstra Corporation Ltd |
126,000-155,000 |
Barclays |
132,000 |
Westpac Banking Corp |
135,000 |
JP Morgan |
158,000 |
HSBC Global Asset Management |
107,000 |
Allianz Global Investors |
132,000 |
Fidelity Investments |
133,000 |
Choose the Right Course and University in Australia!
Business Schools with Top MBA Salary in Australia
Australian MBA colleges offer a good average pay of roughly AUD 111,400, and occasionally much more. Below is a table that contains information on the MBA salary in Australia after graduating from some of the country's leading business schools.
B-Schools in Australia |
Average MBA Salary in Australia After Graduation in AUD |
University of Melbourne: Melbourne Business School |
125,000 |
University of New South Wales: Australian Graduate School of Management (AGSM) |
120,000 |
Monash University: Monash Business School |
135,000 |
The University of Queensland Business School |
203,000 |
MGSM Macquarie Graduate School of Management |
155,000 |
University of Western Australia Business School |
139,000 |
99,000 |
|
Deakin University Deakin Business School |
133,000 |
University of Wollongong Sydney Campus |
48,000 |
La Trobe University La Trobe Business School |
110,000 |
The University of Sydney Business School |
112,000 |
University of South Australia EBS Business School |
128,000 |
University of Technology (UTS) Graduate School of Business |
110,000 |
Victoria University Graduate School of Business |
88,000 |
Griffith University Griffith Business School |
71,000 |
MBA Salary in Australia vs Other Countries
Having an MBA shows the world that you have advanced business knowledge and are capable of addressing business issues. This frequently results in a larger attractiveness to high-level companies, landing MBA graduates with high-profile jobs and, as a result, a higher remuneration.
The possibility of increased salaries is a constant benefit of studying for an MBA and is one of the most compelling reasons for business professionals to pursue the degree. According to QS study 2022, Australia is one of the best countries in the world for MBA earning potential, ranking in the top 10. Based on 2022 QS' list of top nations for base MBA salary, below is a comparison between MBA salary in Australia vs other countries.
Country |
Average Base MBA Salary in USD |
Australia |
98,400 |
Germany |
77,200 |
Japan |
80,000 |
Singapore |
82,700 |
Italy |
86,000 |
92,400 |
|
France |
98,500 |
Canada |
99,800 |
USA |
102,100 |
Switzerland |
123,500 |
India |
INR 6-8 lakhs per annum |
Work Permit in Australia after MBA
The Australian Government's Department of Home Affairs is in charge of immigration and residence in the country. It welcomes students with various forms of work visas to help them realise their aspirations and develop meaningful professions. Let us have a look at the several types of Australian work visas:
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Temporary Graduate Visa (Subclass 485) for Graduate Workstream: This visa is appropriate for international students who have graduated from prestigious Australian institutions with skills and qualifications. This visa allows you to stay for up to 18 months and bring your family with you. Students must apply for this visa within 6 months of finishing their education.
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Temporary Graduate Visa (Subclass 485) for Post-Study Workstream: This is the most popular post-study work visa among students who want to work in Australia after they graduate. This visa is excellent for international students who have just graduated with an eligible qualification from a prestigious Australian educational institute. Australia's term with this post-study employment visa ranges from 2 to 4 years. Students must apply for this visa within 6 months of finishing their course.
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Skilled Recognized Graduate Visa (Subclass 476): This visa is only available to engineering graduates who have completed engineering qualifications from approved educational institutions within the last two years. They must hold this visa in order to bring their family to Australia, and their stay can last up to 18 months.
How to Apply for an Australian Post-Study Work Visa?
International students interested in applying for any type of post-study work visa in Australia can do so either online through their ImmiAccount or on paper. When applying for a Temporary Graduate Visa (graduate workstream or post-study workstream), they should be in Australia but not in immigration clearance. They may apply for a Skilled Recognized Graduate Visa (subclass 476) while in or out of Australia.
Students can use this list to help them apply for and understand the Australian work visa procedure.
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Step 1: Gather all required documents before beginning the application process.
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Step 2: Navigate to the ImmiAccount official website.
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Step 3: Click "create ImmiAccount" (for new users) or log in if you already have an account.
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Step 4: Review and complete the visa application form. Please include all necessary paperwork/documents.
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Step 5: Provide the contact information for any family members who will accompany you.
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Step 6: Finally, use your credit card, BPay, or PayPal to complete the online payment of the application fees as specified.
How to Find a Job in Australia after MBA?
If you are looking for a job after completing your MBA degree in Australia, you may find it challenging to break into the employment market at first. Here are a few techniques to ease your entrance into the Australian labour market:
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Obtaining an MBA from one of Australia's top business schools is the best method to land a job there. These business schools are well-known for their internship and placement programmes.
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Another option is to first obtain an MBA degree from an institute of international repute in any part of the world and then apply for a job in Australia through international online job portals and websites. These job portals will contain adverts for positions following an MBA in Australia, to which you must submit your updated CV and cover letter.
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The third option is to begin working with an MNC in your home country and then migrate to Australia to work on their worldwide initiatives.
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Finally, worldwide recruiters and staffing firms use search engines where employers publish job openings daily. These placement firms assist you in finding a job that matches your specialisation and experience.
Still have doubts regarding the salary system in Australia? Feel free to reach out to our experts at abroad@collegedekho.com for the best career advice.
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