Business and Management Courses in Australia

Studying business and management in Australia

A business and management degree provides training in organisational management and emphasises various aspects of business, such as finance, marketing, human resources and administration. Many programs offer placements with globally recognised companies, enabling you to experience firsthand what the profession involves.

Most courses also have a shared program of study in the first year before students choose their own path in the second year of study. Once the degree is completed, key skills in market knowledge, finance, managing people, strategy and data will help you advance your business career.

Australia ranks third among international students' most popular educational destinations, with a quality index of 70.5. It is known for its worldwide reputable universities that offer various disciplines. Australian degrees, mainly business management courses, are accepted worldwide by recruiters. The Australian education system is well-structured and has gained popularity because of the AQF (Australian Qualifications Framework), which was adopted in 1995.

Types of Business and Management Degrees in Australia

Australia is home to many prestigious universities that offer a wide range of business and management courses at undergraduate and postgraduate levels.

VET Courses in Business and Management

VET Courses in Australia provide a basic understanding and skills in business and management, along with factual, technical, and procedural knowledge. These programs are offered mainly via TAFE and private training providers to help students upgrade skills in their chosen field. The success rate of VET courses in Australia is 82.8% and popular specializations include - local government administration, micro business operations, property services, etc.

• Course duration - 1 year
• Course fees- AUD 10,500
• Entry requirements - Must have reached a level of study equivalent to the Australian Year 10, 11, or 12. 
• Popular career prospects - management consultant

Bachelor of Business Administration (BBA)

BBA is a three-year professional undergraduate degree covering various business aspects, including marketing, finance, management, and entrepreneurship. Most universities offer BBA in Australia as a mainstream program along with multiple specializations for students, as per their preference, such as accounting, human resource management, hospitality management, economics, etc. The success rate of the BBA program in Australia is 84%. 

• Course duration - 3 years
• Course fees - AUD 38,000
• Entry requirements - At least 70% in Grade 12, IELTS, or SAT/ACT scores.
• Popular career prospects - Business consultant, hotel manager, and management consultant. 

Bachelor in Business (BBus)

Bachelor of business is an undergraduate degree of 24 subjects (six semesters). The program is designed to provide graduates with the knowledge and skills to function in business environments. The curriculum involves management principles, business mathematics and statistics, personnel management, and industry principles, with a success rate of 80%. 

• Course duration - 3 years
• Course fees - AUD 49,500
• Entry requirements - Secondary education with a 6.0 overall score in IELTS with no less than 5.5 or equivalent.
• Popular career prospects - human resource manager, project manager, and business analyst. 

Master of Business Administration (MBA)

MBA is a postgraduate qualification degree primarily focusing on business administration. It is a popular Business Management course in Australia for international students. The core subjects of an MBA cover various business areas, such as accounting, finance, managerial economics, supply-chain management, operations management, etc., with a success rate of 88%. 

Australian Universities can offer MBA in various formats, such as - Full-time MBA, Accelerated MBA, Part-time MBA, Evening (second-shift) MBA programs, Modular MBA, Full-time executive MBA programs, MBA dual degree programs, and Mini-MBA programs.

• Course duration - 2 years
• Course fees - AUD 126,000
• Entry requirements - Bachelor’s degree with at least 60% of work experience/GMAT or GRE scores. 
• Popular career prospects - analytics manager, financial advisor, and investment banker.

Executive Masters in Business Administration (EMBA)

An executive master's degree in business administration is a specialized MBA program for working professionals. The program aims to prepare professionals looking to develop their leadership and management skills. EMBA course curriculum is comprehensive and covers core business topics, such as marketing, finance, strategy, leadership, and operations. 

• Course duration- 2 years
• Course fees - AUD 60,000
• Entry requirements - GMAT/GRE scores with 5 to 15 years of work experience. 
• Popular career prospects - Corporate strategy advisor, strategic planning, and market access manager. 

Master of Management (MMgt)

This program is designed for recent graduates or early-career professionals looking to develop management skills and knowledge. A master of Management degree equips graduates with the tools to manage and problem-solve in various organizations and environments. 

• Course duration- 2 years
• Course fees - AUD 70,000
• Entry requirements - Bachelor’s degree or equivalent, with relevant work experience. 
• Career Prospects - financial analyst, project manager, and supply chain manager. 

Doctor of Business Administration (DBA)

Doctor of Business Administration is a popular business management degree in Australia. It is a terminal degree program classified as a research doctorate or professional doctorate, depending on the granting institution/university. The course is designed for experienced professionals seeking to contribute significantly to business, with a success rate of 54% in Australia. 

• Course duration - 3 years
• Course fees - AUD 60,000
• Entry requirements - master’s degree with 5 to 20 years of experience. 
• Career Prospects - Chief Operating Officer and Chief Financial Officer

Specialized Master’s Program

Many universities in Australia offer specialized master’s degree programs in business and management. It allows students to focus on specific business disciplines, such as marketing, finance, entrepreneurship, human resources, etc.

• Course duration- 2 years
• Course fees - AUD 60,000
• Entry requirements - Bachelor’s degree with TOEFL/IELTS scores. 
• Career Prospects - International marketing manager, change management consultant, and trade relations manager. 

Specializations in Business and Management

 Australia offers business and management courses in the following specializations -

Scholarships

Australia offers many scholarships, grants, and financial aid by various government organizations and universities. These bursaries are available for bachelor’s, master’s, and doctorate programs. Scholarships at Australian universities cover tuition fees, living expenses, and travel allowances.

Jobs and Career in Business Management

A qualification in business and management is an excellent pathway to many career opportunities. As of 2022, international students' average employability rate is 60%. The highest MBA salary in Australia is AUD 3,05,000. Promising career options for graduates include:

Salary

The average business and management salary in Australia is AUD 115,863 per annum. Entry-level positions start from AUD 99,234 annually, while an experienced professional in business and management can earn up to AUD 1,46,876 per year. However, the pay scale of a business and management depends on experience, skills gained, and job location. 

Top Recruiters in Business and Management in Australia

Australia’s job market attracts some leading tech giants and popular multinational organizations and companies. Let’s look at some of the top recruiters in Australia for management graduates -

• Barclays
• Woolworths
• ANZ Banking Corporation
• Commonwealth Bank of Australia
• JP Morgan
• HSBC Global Asset Management
• Westpac Banking Corporation

Top Universities for Business and Management

To learn more about the business and management universities in Australia, find details on the top ranking Business and Management programs in the QS World University Rankings by Subject 2024 below:

Study Business in Australia

If you want to study for a business degree in Australia, arrange a free consultation with SI-Australia today.

Business and Management FAQ

Is Australia a good option for a master’s in business management?

Australia is home to some of the best management universities in the world. The universities are highly ranked and offer a unique, flexible, and progressive learning experience for a career in the business field. 

Which university is best for business management in Australia?

University of Melbourne/Melbourne University is Australia's top-ranked business management university. Established in 1955, the university offers MBA, specialist MBA programs, doctoral and executive education programs, and 24 short courses. Some top recruiters are - Boston Consulting Groups, EY, Deloitte, etc. 

How much does it cost to study business management in Australia?

The tuition fees for business and management courses in Australia depend on the degree and program applied for. To know more about the tuition fees and admission process, speak to an SI-UK Australia consultant. 

Can I get PR in Australia after studying management?

Yes, students who have completed their master's can get PR if they fulfil the requirements, such as taking an English language proficiency test and qualifications. Also, one must have at least 65 points in the Points Test.