Did you know that MBA graduates from Australian universities have the second-highest pay in the world? In reality, they are the highest-paid MBA graduates in the Asia Pacific. What is potentially great news for you is that most of these highly-rated Australian colleges welcome candidates without GMAT ratings. Read on to know how you can pursue an MBA in Australia without GMAT
Why don’t they need GMAT scores? Since these universities and many others worldwide, understand that GMAT will not be the most remarkable example of the applicant’s MBA abilities.
This view is widespread in Australia and candidates without GMAT scores are admitted by several well-known universities, including Monash University (which is a part of the prestigious Community of Eight) and Macquarie University (which was recently ranked as the top MBA program in Australia by the Financial Times).
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List of Universities
Below is a list of the famous Australian universities that offer an MBA without GMAT in the table below. The list is sorted based on the QS World University Rankings by Subject 2016 for ‘Business & Management Studies’.
| University | Rank | Cost/ Fees per year | Duration |
| Monash University | 32 | A$ 32,700 | 2 |
| RMIT University | 51-100 | A$ 36,480 | 2 |
| University of Technology Sydney (UTS) | 51-100 | A$ 30,672 | 2 |
| Macquarie University | 101-150 | A$ 38,000 | 2 |
| Deakin University | 101-150 | A$ 33,000 | 2 |
| Curtin University | 101-150 | A$ 39,150 | 1.5 |
| University of Adelaide | 101-150 | A$ 41,000 | 1.5 |
| Griffith University | 151-200 | A$ 35,000 | 1.5 |
| University of South Australia | 151-200 | A$ 35,300 | 2 |
| University of Wollongong | 151-200 | A$ 33,792 | 1 – 1.5 |
| La Trobe University | N/A | A$ 33,250 | 2 |
| University of Newcastle | N/A | A$ 31,280 | 1.5 |
| University of Western Sydney | N/A | A$ 26,600 | 2 |
MBA recognition and industry ties
As one can see from the ranking, most of these courses are very highly ranked internationally. In reality, the average salary of MBA graduates from two of these business schools, Monash University and La Trobe University, is estimated to be among the top 10 in Australia.
Similarly, the Macquarie MBA was recognised as #2 in the world for pay raises after the MBA.
One should also know that many universities on the list have close links with businesses and the industry. A clear example of this is RMIT University. The MBA at RMIT University offers you hands-on learning opportunities and, most specifically, direct ties to senior members of partner companies that currently include Telstra, Siemens, and Prudential Investment Company of Australia (PICA) (PICA).
The Eligibility criteria for MBA without GMAT in Australia
While the entry criterion for each institution varies, the minimum requirements differ only slightly. Universities have a broad view of your application. Since you do not have a GMAT grade, the key criterion used to determine your application will usually be the marks you have received through your Bachelor’s degree and job experience. The amount of work experience you need ranges from university to university, and some institutions may also need to provide proof of managerial work experience.
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Most affordable MBAs without GMAT
And finally, we come to the cost, which usually is a primary concern for international students. The table below lists the same colleges as before, except this time, they are sorted based on their annual course fees.
| University | Rank | Cost/ Fees per year | Duration |
| University of Western Sydney | N/A | A$ 26,600 | 2 |
| University of Technology Sydney (UTS) | 51-100 | A$ 30,672 | 2 |
| University of Newcastle | N/A | A$ 31,280 | 1.5 |
| Monash University | 32 | A$ 32,700 | 2 |
| Deakin University | 101-150 | A$ 33,000 | 2 |
| La Trobe University | N/A | A$ 33,250 | 2 |
| University of Wollongong | 151-200 | A$ 33,792 | 1 – 1.5 |
| Griffith University | 151-200 | A$ 35,000 | 1.5 |
| University of South Australia | 151-200 | A$ 35,300 | 2 |
| RMIT University | 51-100 | A$ 36,480 | 2 |
| Macquarie University | 101-150 | A$ 38,000 | 2 |
| Curtin University | 101-150 | A$ 39,150 | 1.5 |
| University of Adelaide | 101-150 | A$ 41,000 | 1.5 |
MBA graduates from Australian universities are performing well, and a lot of these well-known Australian business schools are now accepting applicants without GMAT scores. We’ve provided you with a list of famous universities that fall in this category, and hopefully, this will help you get started. Remember, the MBA is a long term investment in terms of time and money, and it’s vital that you find a university that is the right fit for you. Good luck!
Do you have any specific questions that were not covered in this article? Please fill out the counselling form, and we will get back to you.
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Frequently Asked Questions
Q1. Is the GMAT accepted in Australia?
Ans. The GMAT score necessary for admission to Australian colleges for an MBA is 550. A 600+ mark, on the other hand, is seen to be competitive.
Q2. Is an MBA in Australia pricey?
Ans. The average price of an Australian MBA remained nearly steady from 2021 to 2022, at $57,353.
Q3. Is an MBA in high demand in Australia?
Ans. According to the survey, MBA students from Australian institutions earn high wages due to a strong market for MBAs among international firms across Asia and the effectiveness of Australian universities in hiring Asian applicants all through the region.
Q4. Is it necessary to take the GMAT for studying in Australia?
Ans. Admission to Australian universities may not usually need GMAT scores. The GMAT exam result is legitimate for up to 5 years, and applicants can enrol for it whenever they choose.
Q5. How long does an MBA program last in Australia?
Ans. A normal MBA program in Australia lasts 15 months to two years. However, numerous colleges also offer a one-year MBA program.
At ForeignAdmits, we understand how important this decision is. We are here to help you every step of the way, from finding the right school to getting admitted and securing scholarships.
ForeignAdmits have a team of experienced counsellors. We can provide you with customized guidance based on your individual needs contact us today to get started. We look forward to helping you achieve your educational and career goals!