All You Need to Know About MBA Salary in Australia

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Aarushi Jain
Updated on Sep 12, 2022 05:00 PM IST

Aspiring to study and work in Australia? Well, you have landed at the perfect place to get even more motivated after knowing in detail about the MBA salary in Australia.

All You Need to Know About MBA Salary in Australia

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

Get Expert Guidance to Study MBA in Australia!

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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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:

  • The average MBA salary in Australia is AUD 136,913.

  • The minimum MBA in Australia salary is AUD 85,000.

  • 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

Australian National University (ANU)

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

United Kingdom

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:

  • 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.

  • 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.

  • 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.

  • Step 1: Gather all required documents before beginning the application process.

  • Step 2: Navigate to the ImmiAccount official website.

  • Step 3: Click "create ImmiAccount" (for new users) or log in if you already have an account.

  • Step 4: Review and complete the visa application form. Please include all necessary paperwork/documents.

  • Step 5: Provide the contact information for any family members who will accompany you.

  • 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:

  • 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.

  • 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.

  • 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.

  • 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.

Know How to Build Your Career While Studying in Australia!

FAQs

How much does an MBA earn in Australia?

According to the average pay study, MBA graduates in Australia earn between AUD 85,000 and AUD 305,000.  Also, as per the QS World University Rankings: Global MBA Rankings, Australia has the highest pre-MBA salary in Oceania. Additionally, after graduation, students can apply for the Temporary Graduate Subclass 485 visa, which would allow them to work in Australia for 18 months.

Does an MBA increase your salary in Australia?

Yes, reports show that an MBA can increase your salary in Australia. According to the Financial Times rating, MBA graduates from Australian business schools earned between 58% and 72% more three years after graduation compared to their pre-study income. On a global level, the outcomes for MBA graduates are equally excellent.

Is MBA in demand in Australia?

According to the survey, MBA graduates from Australian universities earn high salaries after pursuing their MBA in Australia due to the strong demand for skilled management graduates among multinational businesses across Asia and the strength of Australian business schools in recruiting and placing Asian applicants throughout the region along with earning high MBA salary in Australia.

Is it easy to get a job in Australia after MBA?

It is somewhat easy to get a job in Australia after MBA. Due to career prospects with globally renowned firms, MBA graduates in Australia have a decent probability of obtaining a two-year work permit. It has a robust labour market sponsored by global conglomerates and international corporations. You can work full-time with a post-study work visa after completing your MBA degree. So, if you have high English fluency and the required skills in your field, you may be able to find a nice job with a high MBA salary in Australia.

Is doing MBA from Australia worth it?

Yes, it is worthwhile to study MBA in Australia because Australia is one of the top five worldwide countries that offer globally recognised MBA degrees. Furthermore, MBA admissions in Australia are competitive, but it is worthwhile to gain admission because of the excellent internship and placement opportunities that end up with high salaries in Australia.

Can MBA graduates get PR in Australia?

To apply for permanent residency (PR) in Australia, you must score at least 65 points on the Points Test. Most international students from all over the world are permitted to study in Australia. General Skilled Migration (GSM) is a whole new method for obtaining PR after completing an MBA in Australia.

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