University of Melbourne MBA: Fees 2026, Deadlines & Eligibility

The University of Melbourne MBA is a 2-year full-time program ranked #1 in Australia by QS Global MBA Rankings 2026 and #31 globally. Offered on the Parkville campus in Melbourne, this course attracts international students seeking practical business education with strong career outcomes. The program combines core business subjects with electives, internships, and exchange opportunities across 23 partner institutions worldwide.

University of Melbourne MBA Application Timeline & Deadlines

Applications for the September 2026 intake follow a rolling schedule with multiple rounds. Here are the exact deadlines:

All deadlines are 11:59 pm AEST. Shortlisted applicants attend a 20-30 minute interview (online or in-person). For Indian students, allow 4-6 weeks for student visa processing after receiving your offer.

Required Tests & Score Ranges

The MBA requires either GMAT or GRE scores, with recent students averaging GMAT 695 or higher. Applicants holding an Australian or New Zealand undergraduate degree and not applying for scholarships are exempt from this requirement.

Accepted English proficiency tests: IELTS (7.0 overall, 6.5 minimum per band), TOEFL iBT (91 overall), PTE Academic (72 overall), Cambridge C1 Advanced (178 overall).

Eligibility Criteria

To qualify for the University of Melbourne MBA, you must meet all of the following requirements:

• Bachelor's degree from any discipline (3-year or 4-year degree accepted)
• Minimum 2 years of documented professional work experience
• GMAT/GRE score (unless you hold an Australian/NZ degree and aren't applying for scholarships)
• English language proficiency as specified above

Application Requirements

Submit the following documents with your application:

• Current CV highlighting professional experience
• Four personal statements addressing your goals and contribution to the program
• Official academic transcripts with grading schema for all completed and incomplete qualifications
• Valid passport or citizenship/residency verification document
• Names and contact details of two professional referees

Fees in INR

Currency Exchange Note: 1 AUD = ~64.1 INR (as of February 2026)

Annual Tuition Fee:

• International students: AUD $120,384 (~₹77,18,630 INR annually)
• Paid per module in advance

Additional mandatory costs for international students:

• Student visa fee: AUD $2,300 (~₹1,47,430 INR)
• Overseas Student Health Cover (OSHC): AUD 1,706−11,458 (~₹1,09,400 - ₹73,50,000 INR) depending on coverage type

Cost of Living for Indian Students

Melbourne's cost of living for international students averages AUD 1,700−2,700 monthly (~₹1,09,000 - ₹1,73,000 INR). Budget for:

• Accommodation: AUD 600−1,700/month (~₹38,500 - ₹1,09,000 INR) for shared apartments or on-campus housing
• Food & groceries: AUD 300−500/month (~₹19,200 - ₹32,000 INR) for self-catering
• Transport: AUD 150−200/month (~₹9,600 - ₹12,800 INR) for public transport passes
• Visa processing & documentation: AUD 500−1,000 (~₹32,000 - ₹64,000 INR) one-time

Placements

The average salary for MBA graduates (classes of 2023-2024) is AUD $119,000 (~₹76,28,000 INR) excluding superannuation. Graduates work across consulting, finance, technology, and healthcare sectors. Top recruiters include Bain & Co, BHP, Deloitte, and World Vision. The school's 17,000+ alumni network provides ongoing career support through the Personal Effectiveness Program and industry networking events.

Post-Study Work Visa

International MBA graduates are eligible for the Temporary Graduate Visa (subclass 485) allowing 3 years of work rights in Australia. Indian nationals specifically receive 3 years for master's coursework degrees under the Australia-India Economic Cooperation and Trade Agreement. The visa permits unlimited work hours during official course breaks and allows multiple entries/exits from Australia. You cannot extend this visa, but may apply for a Second Post-Higher Education Work stream visa if you work in a regional area. Pathways to permanent residency exist through skilled migration visas after gaining Australian work experience.

Scholarships for Indian Students

Melbourne Business School offers multiple scholarships for international students:

• Ian Harper AO Scholarship for Excellence: Full tuition coverage for international students (closing 11 May 2026)
• Helen Macpherson Smith Fellowship: AUD $30,000 (~₹19,23,000 INR) for all students (closing 18 May 2026)
• MBS Scholarships: Varying amounts for merit-based applicants (open ongoing)
• Clemenger BBDO Scholarship: AUD $50,000 (~₹32,05,000 INR) for marketing-focused students (closing 29 June 2026)

Automatic consideration occurs upon application; some scholarships require separate applications by specified dates.

The University of Melbourne MBA offers strong ROI for Indian students with competitive salaries, global career networks, and 3-year post-study work rights. Plan applications 3-4 months ahead to allow time for visa processing before the September intake.

FAQs

Ques: Can I work while studying the University of Melbourne MBA?

Ques: What is the total cost of the University of Melbourne MBA for Indian students?

Ques: Do I need work experience to apply for the University of Melbourne MBA?