monash university mba: Fees, Living Costs, Test Scores, Visa Process, Work during Study, Entry Requirements.

Monash University MBA Fees, Eligibility, Admission & Deadlines

Melbourne, VictoriaLocation
UniversitySchool type
Estd1958established year
49728enrollment
Public
Partner [24 Courses]
7.5/10

Master of Business Administration [M.B.A]

2 years
Full Time
On Campus
7.5 1 Review | Ranked #44 out of 1502 by THE Global Ranking 2023

$21,384 /Yr

A$32,400 /Yr
1 Students Applied
1 Students Admitted
  • The Monash University MBA program is meticulously crafted to address the leadership and career development needs of ambitious young professionals who possess a minimum of three years of business experience
  • This program adopts a strategic and practice-based approach to management development
  • The MBA program prides itself on bringing together a diverse cohort of international and local students from various professional and cultural backgrounds
  • The curriculum is designed to empower experienced professionals to enhance their leadership and strategic management skills while specializing in a key business area of your choice
  • The program focuses on advancing participants' leadership journey and expanding their professional skills to take control of their career trajectory
  • The Monash University MBA ensures that participants are well-prepared for their future, whether it lies in traditional sectors like government, finance, education, or health, or high-growth fields like artificial intelligence, renewable energy, big data analytics, or cybersecurity
  • Also, this program provides the strategic skills, industry connections, and digital edge necessary for career advancement and future readiness

Important Dates

Intakes in Jan, Mar, May, Jul, Aug, Oct
EventApplication Date
Semester 2 (July) Jul 1, 2024
Semester 1 (March) Mar 1, 2025

Tuition Fees

Year1st Year Fees
Tuition Fees$21384 (AUD 32400)

Other Expenses

HeadAvg Cost Per Year
Housing$5677 (AUD 8601)
Food$9631 (AUD 14592)
Transportation$1115 (AUD 1689)
Total Cost$16423 (AUD 24882)

Eligibility & Entry Requirement

Acceptance Rate 40%
Academic Requirement
  • Applicants must have completed an Australian bachelor's degree or equivalent qualification from a recognized institution with 65% in the final years of the program.
  • Applicants must have an average GPA of 3.0 on a 4.0 scale.
Work Experience Minimum of three years of work experience (total) with at least one year of professional/managerial experience.
Average GMAT/GRE Score GMAT : 650
English Language Proficiency Score TOEFL iBT - 79 | IELTS - 6.5 | PTE - 58
Documents Required
  • Academic Transcripts with full details of subjects from every post-secondary institution attended.
  • Two recommendation letters (recommendation should be from a professional person who has supervised the applicant's work and assessed his/her performance)
  • Statement of Purpose (explanation of why you are interested in the course preferred)
  • Current Resume/CV (includes academic experience, work experience, memberships in professional associations, and volunteer and community activities)
  • Proof of English Language Proficiency Scores
  • Evidence of citizenship or residency
Application Fee AUD 100 (INR 5402)
Applications Deadline March 31st, 2024
Decision Time Within 20-30 days
Interview Shortlisted applicants will be invited for an interview, which may be conducted in person, over the phone, or online.

Scores Required

79 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

58 / 90

Avg. Score in

PTE

650 / 800

Avg. Score in

GMAT


Ranking

2024202320222021

QS World University logo
Management 51 out of 550 in Global Ranking
( #4 out of 22 in Australia 2024)

Similar Programs

ProgramImportant DateTotal FeesMedian Exams ScoreAction
USD 33,990 /Yr
AUD 51,500 /Yr
  • TOEFL: 79
  • IELTS: 6.5
  • PTE: 58
  • GRE: 304

Career and Placement after Course

Job Offers Received 94%
Some Recruitment Industries Technology | Consulting | Financial Services | Healthcare | Marketing | Operations
Top Employers McKinsey & Company | Bain & Company | Macquarie Group | Amazon Web Services
Career Outcomes Finishing a mba program from the monash university will put you on track for career success in a variety of roles: Healthcare Administrator | Information Systems Manager | Operations Research Analyst | Business Operations Manager
Avg. Duration to Get Placed Within 3-month after graduation
Average Base Salary AUD 105000 (INR 5507533)
Notable Alumni Annie Lim- Global HR leader | Jonathan Byrt – Founder of memobottle | Sarah McCann-Bartlett- The Australian HR Institute’s chief executive officer and managing director

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Monash International Leadership ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Monash International Merit ScholarshipScholarship per student$ 33,000/Yr$50,000Level Of StudyBachelorTypeCollege-Specific
Go Clean ScholarshipScholarship per student$ 2,310/Yr$3,500Level Of StudyBachelorTypeMerit-Based
Axol Science ScholarshipScholarship per student$ 1,320/Yr$2,000Level Of StudyBachelorTypeCompany-Sponsored
ASID Foundation Legacy ScholarshipsScholarship per student$ 2,640/Yr$4,000Level Of StudyBachelorTypeMerit-Based
Collegedunia $150 Scholarship ProgramScholarship per student$ 99/Yr$150Level Of StudyBachelorTypeMerit-Based

College Student Profiles

Filter By: admitted

Programs Comparison

ranking# 51 for Management by QS World University 2024
# 44 for Management by Times Higher Education 2023
# 57 for Management by QS World University 2024
# 53 for Management by Times Higher Education 2023
# 351 for Management by QS World University 2024
# 251 for Management by Times Higher Education 2023
# 101 for Finance by QS World University 2024
# 130 for Finance by Times Higher Education 2023
application# 40 % Acceptance Rate
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why to opt?

The Monash MBA is a two-year program. It involves experience-based modules, live consulting projects, industry engagement and study with leading international business schools. The Monash MBA is led by experienced professors and industry practitioners who bring their knowledge and insight into the classrooms and applied projects.


The MBA will prepare you for the next step in your career – whether that's a promotion, transitioning industries or starting your own business.


With global communities facing challenges of increasing complexity and urgency, we need confident and experienced professionals who can leverage the latest innovations and provide ethical governance. We need leaders in every industry who make decisions not just for today’s generation – but for tomorrow’s.

If you're ready to become a global leader, La Trobe's prestigious Master of Business Administration (MBA) will give you the world-class skills to advance your career, move into a new field or launch your own start-up. Tap into La Trobe's exclusive network of powerful business leaders and develop the essential experience to become an influential modern leader.


This intensive, one-year MBA will help you develop key theoretical concepts, learn how to adapt and use your skills in a practical business environment, and stand out in the competitive job market. This course is 4th best in the UK market. 


exam scoresGMAT - 650/800IELTS - 6.5/9PTE - 58/90TOEFL - 79/120IELTS - 6.5/9PTE - 64/90TOEFL - 87/120IELTS - 6.5/9PTE - 56/90TOEFL - 79/120IELTS - 6.0/9PTE - 65/90TOEFL - 80/120
cost to studyTotal Cost (Tuition + Living) -USD 20037.6Total Cost (Tuition + Living) -USD 55867.68Total Cost (Tuition + Living) -USD 27456Total Cost (Tuition + Living) -USD 18942
documents required#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose#Letter of Recommendation + Statement of Purpose
application dates-Nov 30, 2024 (Application Deadline for 2025 Intake Semester 1)
May 31, 2025 (Application Deadline for 2025 Intake Semester 2)
Jun 21, 2024 (Application Deadline For 2024 semester 2)
Jan 22, 2025 (Application Deadline For 2025 semester 1)
Aug 4, 2025 (Application Deadline For 2025 Intake)
Admission Criteria/Better to Have-
  • Four years full-time work experience post-graduation, including at least two of the four years in a dedicated management role
  • Bachelor degree or equivalent with a GPA of at least 4.50 on a 7-point scale
  • OR Graduate Diploma in Business Administration from UQ or equivalent with a GPA of at least 4.50 on a 7-point scale 
  • International applicants must complete the Graduate Management Admissions Test (GMAT) with a minimum score of 550

-
  • Admission to the full-time MBA requires at least three to five years of post-graduation full-time work experience that includes some management experience.

-Read Full ComparisonRead Full ComparisonRead Full Comparison

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41 Reviews Found

N
7.5 /10

I have prepared ILETs first from the ptk coaching institute there my teachers prepared me for the coaching and then I finally pass the IELTS exam and then I got the chance to get admission in this institution.

academic: 7/10
faculty: 7/10
infrastructure: 7/10
accomodation: 8/10
placement: 8/10
extracurricular: 8/10

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