MBA in Australia for Bangladeshi Students

Australia is one of the best countries for Bangladeshi students to pursue their higher education, including an MBA. Besides providing students with many course options in MBA, Australia presents Bangladeshi students with many career opportunities to help them grow as individuals and global citizens. An MBA in Australia provides students from Bangladesh with a deep understanding of various real-life applications, management, and knowledge that will enable them to figure out business solutions in a practical way. In Australia, Bangladeshi students can undoubtedly enjoy a friendly environment and a modern lifestyle whilst making the best use of career opportunities that come their way.

For many Bangladeshi students, pursuing an MBA in Australia is a dream. Australian universities are amongst the best in the world and provide students from various parts of the world, including Bangladesh, a chance to make it big on their own. The time spent in Australia doing an MBA is worth your money and time spent. The education standard here is world-class. The amount of research you can carry out as a student is incredible. 

MBA in Australia Course Details

More than 58 institutes in Australia offer a full-time professional MBA degree to Bangladeshi students. An MBA course in Australia lasts for 15 months to 2 years, depending on the institute you wish to enrol in. However, there are institutes in Australia that offer an MBA course of one-year duration. The eligibility criteria for students to get into an MBA program include at least 55-65% marks in their bachelor's degree program and IELTS score. Bangladeshi students need to have at least 2-3 years of work experience, IELTS and GMAT score to apply for an MBA course in Australia. However, there are institutes in Australia that accept students from Bangladesh without GMAT scores.

To study MBA in Australia, Bangladeshi students may need to spend between $11,000 and $121,000 depending on the institute they wish to study. However, many scholarship options are available in Australia that can help bring the cost of studying MBA down. 

Why Study MBA in Australia?

• Bangladeshi students get an internationally recognized degree that improves their career opportunities and earnings.
• Australia's multicultural country presents students with the best of both the western and eastern worlds. Students can easily get a wholesome perspective of management and business.
• Australian universities have an excellent record of imparting leadership qualities and developing all-around communication skills to students that will help them as they progress in their careers.
• Bangladeshi students gain much international experience after completing internship programs with local companies.
• There are Six Australian universities in the top 100 universities of the world as ranked by the Times Higher Education World University Rankings 2020. 

Types of MBA in Australia

You can choose between three types of MBA courses in Australia

1. MBA (General)
2. MBA (Specialization) and
3. MBA (Dual Specialization)

1. MBA (General): is suited for budding entrepreneurs and business owners who wish to climb up the ladder within businesses or corporations. Students are imparted with knowledge and practical exposure in leadership and business management during this MBA program. In addition to this, students learn foundational skills across different categories, including critical and creative thinking, problem-solving, and communication. Industry experts also provide students with important insights into various necessary things for running a business professionally and effectively.

2. MBA (Specialization): is suitable for those who want to start their business venture or engage with dynamic work environments and atmospheres. This MBA is also beneficial for students wishing to improve their career prospects within a chosen sector. An MBA in any discipline in one of the major Australian universities will help you hone industry-specific skills and various foundational skills necessary for enhancing career opportunities in your chosen sector.

3. MBA (Dual Specialization): degree helps students and professionals with two well-established areas of interest in the vast realm of MBA specializations. This type of MBA is beneficial for students wishing to hone their skills and gain knowledge in two areas of the MBA. As a part of the MBA program, students can choose their elective subjects from a vast selection of subjects.

Some of the most popular MBA specialized degrees in Australia include MBA in HR, MBA in Accounting and Finance, MBA in Entrepreneurship, MBA in Event Management, MBA in Information Technology, MBA in Sports Management, MBA in International Business, etc. 

TOP MBA Universities in Australia

Must Read: Best Universities in Australia

Best MBA Programs in Australia

1. MBA in Finance
2. MBA in e-commerce
3. MBA in International Business
4. MBA in Human Resource Management
5. MBA in Strategy & Leadership
6. MBA in Marketing
7. MBA in Entrepreneurship and Innovation
8. MBA in Information Technology
9. MBA in Hospitality Management
10. MBA in Corporate Governance
11. MBA in Public Relations
12. MBA in Investment Banking
13. MBA in Tourism Management
14. MBA in Global Trade
15. MBA in Accounting

Must Read: TOP Courses in Australia

Cost of Studying MBA in Australia

For a Bangladeshi student, the cost of studying MBA in Australia will be affordable compared to studying in other international destinations. Typically, MBA tuition fees in Australia can vary between 45,000 AUD and 78,000 AUD, depending on the college or university you wish to enrol in. The ranking of the college and the facilities they provide to students also play a deciding role in what it will cost you to study MBA in Australia. Also, students choosing to study an MBA program with internships will have to spend more than a regular MBA course.

MBA in Australia: Tuition Fees

Cost of Living in Australia

Bangladeshi students need to know the cost of living and studying in Australia as it will impact their financial preparation and application. A student's actual cost depends on the education provider, study location in Australia, and the course you wish to take up. Besides the tuition fees a student has to bear, other expenses like transportation, accommodation, food, groceries, the internet, etc have to be taken care of. Furthermore, students need to show evidence of having at least $20,209 in their account to get an Australian student visa. As per the Australian Department of Home Affairs, the average cost of living for a student in Australia is $21,041. For a child accompanying you, the cost is 3,152. For a partner accompanying you, the cost is $7,362. These are 12-month average costs, and they can vary.

Must Read: Cost of Living in Australia 

MBA in Australia: Eligibility and Requirements

• You should have completed a bachelor's degree in any field from an accredited institution with the minimum marks as required by the university of your choice.
• Bangladeshi students need to produce English language proficiency scores like TOEFL/IELTS to pursue an MBA course in Australia.
• Most Australian universities expect Bangladeshi students to produce a competitive and valid GMAT score.
• To apply for an MBA in Australia, it is not necessary to have prior work experience. However, some of the best business schools in Australia prefer students with prior work experience during the shortlisting process.

Exams Required to Study MBA in Australia

You need to clear English language proficiency tests to apply for a student visa. A majority of Australian MBA schools accept Bangladeshi students with an approved level of English proficiency. Business schools have their proposed level of requirements to enable international students to study on their campus. Bangladeshi students need to check the exact requirements with their chosen institute.

Some of the prominent exams Bangladeshi students need to take to seek admission to a business school in Australia are:

• IELTS (International English Language Testing System)
• GMAT (Graduate Management Admission Test)
• ELICOS (English Language Intensive Courses for Overseas Students)

Scholarship for MBA in Australia

How to Get MBA Admission in Australia?

It is fairly easy for Bangladeshi students to apply for an MBA program in Australia. However, they need to plan for it in advance. With so many universities in Australia offering a wide range of MBA specializations for you, it can get trickier if you do not know how to apply for the program. Before anything else, you need to have the following documents ready with you before you proceed with the exact steps to secure admission to an MBA program in Australia:

• Updated CV/Resume
• Academic transcripts/records
• Application form
• Letters of Recommendations
• Passport-size photographs
• Student Visa
• TOEFL/IELTS scores
• MBA Essays
• GMAT scores
• Statement of Purpose
• Loan documents, if required

The procedure to be followed to secure admission to an MBA school in Australia is simple. It is as follows:

STEP 1: As the official language of Australia is English, Bangladeshi students need to indicate their proficiency in English. Both TOEFL and IELTS are widely accepted across the MBA colleges in Australia. Besides these two options, a few Australian universities also consider exams like PTE (Pearson Test of English), VCE (Victorian Certificate of Education), and C1 Advanced.

Before you sit for these exams, check the minimum scores required by your chosen university. Suppose your college or university requires you to produce GRE or GMAT scores. In that case, you need to prepare for these exams accordingly.

STEP 2: Next, students need to register with their respective colleges. As most colleges in Australia have an Online Registration facility, students can opt for them from the comforts of their homes. All necessary information needs to be provided at the time of registration. Also, start preparing for the required documents, as the college/university requires.

STEP 3: Once the student is registered with the college/university of his/her choice, it is advisable to get an Australian Class 12, or equivalent 10+2 score of a Bangladeshi school validated by the college's admission office. Most of the time, the student counsellor of the university will help in this regard.

STEP 4: As per the directives of most Australian universities, Bangladeshi students need to produce an admission essay. For most MBA courses across the colleges in Australia, students are only required to submit a set of questions provided at the time of registration. As this essay is an important part of securing admission to a college, students are advised not to rush into filling out the application form. Depending on the college you wish to enrol in, you may even be required to produce an updated resume.

STEP 5: Students need to apply along with academic transcripts and the test scores to the concerned centre via online method as most colleges in Australia have an online submission facility. However, in case you are required to submit all the documents in physical form, then make sure you courier them well before time.

STEP 6: Some colleges in Australia require students to submit a letter of recommendation and application. Other colleges let students provide a letter of recommendation after the submission of the application. Usually, Australian colleges require students to provide a letter of recommendation from at least 2 or 3 people.

Students are advised to keep an eye on the university deadlines as they vary from one college to another. Students are required to do thorough research and apply for an MBA program well in advance to make it to the final list and make the most of the scholarship opportunities that come their way. 

MBA in Australia without work Experience

Bangladeshi students can look forward to pursuing an MBA in Australia without work experience. Many top MBA colleges in Australia consider students with no or very little work experience while selecting them into various MBA programs. Most of these colleges enrol the students in a 'Non-Executive MBA' program or an 'Executive MBA' program for those having critical work experience. However, students with no work experience need to meet requirements and eligibility criteria as set by the colleges selected by them. Students with a valid GMAT score are at an advantage while seeking admission.

Most Australian colleges admit Bangladeshi students to MBA programs without prior work experience.

Some of the top colleges are given below:

1. Melbourne Business School
2. Central Queensland University
3. Bond University
4. Macquarie University
5. University of Western Australia
6. University of Canberra
7. University of Technology, Sydney
8. Australian National University
9. University of Tasmania
10. Monash University

Jobs After MBA in Australia

The job opportunities after MBA in Australia are tremendous. Whether you are a fresh MBA graduate or an experienced one, plenty of opportunities are waiting for students. The best part about these jobs is that they are high paying ones and provide ample chances for students to carve a successful career in their chosen area of interest. Some of the top-notch jobs after an MBA in Australia are:

• Analytics Manager
• Data Scientist
• Marketing Manager
• Business Analyst
• IT Manager
• Management Consultant
• Employee Relations Manager
• Business Development Manager
• Human Resources Manager
• Financial Manager, etc.

MBA Graduate Salary in Australia

Australia is among those countries with plenty of high paying jobs for fresh and experienced MBA graduates. Several multi-national brands in Australia hire MBA graduates regularly for various positions and offer them plenty of growth opportunities.

AECC is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey of fulfilling your dream.