MBA in USA or Australia — Which is Better?

The MBA programme is one of the most popular degree programme for businesses, and especially in the USA and Australia. Many international students often get confused when it comes to choosing the best country for MBA programme. A few mostly think about getting a $100,000 graduate starting salary in the US while a few focus on comparing countries based on courses available.

Getting an MBA seems like the logical next step for many people who want to advance in their careers. The skill set of a degree provides openings in many sectors, including healthcare, public service, and consumer goods. You get excellent opportunities for networking and more. But, how to choose the course based on countries?

As per a Stats report, USA has better well-developed universities than Australia. But just a single cannot convince you to choose one between the two. You need to consider other aspects like admission cycle, cost of living, job experience, etc. before coming to any conclusion.

Keep reading our blog to determine which country (USA or Australia) you must choose for your MBA programme.

MBA in USA vs MBA in Australia

Tuition Fees

Australia, with a $18,012 yearly cost of living, is the country with the highest cost of living in the world, according to an HSBC analysis. In contrast, in the US you just need $11,651 to get by.

However, these costs represent the average of a variety of courses and do not represent the cost of an MBA in Australia or, for that matter, the United States. So, let’s examine the MBA tuition costs in more detail for the two nations.

First Year Tuition Fee for Business Schools in the USA

· Stanford Graduate School of Business (2 years) — $76,950

· Harvard Business School (2 years) — $73,440

Quotes may fluctuate over time, so get in touch with our study in USA Consultants in Delhi

Tuition Fee for Business Schools in Australia

· Melbourne Business School, The University of Melbourne (1 year) — $85,470

· AGSM MBA, University of New South Wales (16 months) — $66,780

· College of Business and Economics, Australian National University ANU (2 years) — $57,365

· La Trobe Business School, La Trobe University (1.5 years) — $36,944

· Monash Business School, Monash University (2 years) — $48,069

Quotes may fluctuate over time, so get in touch with our study in Australia Consultants in Delhi

The aforementioned data make it very clear that the cost of an MBA in the USA is far greater than it is in Australia.

Read More: Is MBA in USA worth it for International Students?

Top Business School Rankings

When choosing a business school, there is one factor that you just cannot ignore: its global rating. This is so that universities can be ranked according to important factors including their faculty, research areas, exposure to other countries, student finance opportunities, and whether or not they provide modern courses. In other words, it ensures that a university will meet a minimum standard of excellence based on its rankings. Now, according to the QS ranking, the USA has four of the top 10 universities, while Australia has none. Even on a global scale, US colleges outnumber Australian universities by a wide margin, which is a compelling argument for choosing to pursue an MBA there.

Additionally, there are a variety of specialties available for MBA students in the US due to the large number of universities that made the list. Another benefit of having a top university in the list is that they always provide a wide variety of contemporary and unorthodox courses, which is particularly true with US universities.

Top Business Schools in the USA (World QS Ranking 2023)

· Massachusetts Institute of Technology (MIT) — 1

· Stanford University — 3

· Harvard University — 5

· University of Pennsylvania — 13

· University of California, Berkeley (UCB) — 27

Top Business Schools in Australia (World QS Ranking 2023)

· The Australian National University — 30

· The University of Melbourne — 33

· The University of Sydney — 41

· The University of New South Wales (UNSW Australia) — 45

· The University of Queensland — 50

Eligibility

An candidate must have completed 16 years of prior studies in order to be qualified to study MBA in the United States. In other words, you must have earned a degree after completing at least 4 years of formal schooling (graduation or diploma). Candidates seeking an MBA in the US who have earned a Master’s degree are also eligible. In Australia, a three-year Bachelor’s degree is sufficient to qualify for an MBA, whereas universities in the USA strictly require that you finish 16 years of pre-MBA study. Most Australian institutions also require work experience in addition to your academic credentials.

Stay tuned to our study abroad consultants for more news and latest updates on the USA and Australia study abroad programs.