Poets&Quants Top Business Schools

Melbourne Business School

Contact our general manager with any questions. Profile updated: November 5, 2018.

School Data

Annual Tuition: $89,500 AUD

Full-Time Enrollment: 40

International: 82.5%

Average Age: 30

Median GMAT: 703

GMAT Range (mid-80%): 650-780

Female: 37%

Male: 63%

Application Deadlines: Early round: 31st of August, 2017 Round 1: 31st of October, 2017 Round 2: 15th  of January, 2018 Round 3 (international closing date):  31st of March, 2018 Round 4 (late applications – domestic only):  20th of April, 2018

Melbourne is often called the world’s most liveable city. With a population of almost 5 million, hundreds of top-class restaurants and 40 beaches nearby, it is certainly a buzzy and attractive place to live. But it offers students more than a pleasant experience. 

Being close to Asia, the University of Melbourne has a huge international cohort. Possibly the most interesting thing about the business school’s 12-month full-time MBA is a hugely diverse range of backgrounds and perspectives. About 20% of students come from Australasia, and 50% from Asia, while 15% are from the U.S. and 5% are from Europe. 

MBS’s full-time MBA is, of course, an academically rigorous course — the average GMAT is just over 700 — but the school capitalizes on the incredible diversity of its students and aims to produce leaders who are expert in collaboration and inclusion. Students finish this MBA with serious hands-on experience working with international, diverse teams, which are hugely attractive skills to employers in this part of the world. 

MBS is moving with the times, too, recently adding new core courses including one on the entrepreneurial mindset; an innovation bootcamp; a course on social enterprise; and a project-based course focused on doing business in Asia, which involves an on-site collaboration with firms in China, Indonesia, and other Asian countries. Their new electives also chime with the zeitgeist and include Managing in an Analytics Environment; Workplace Diversity; FinTech; and Business Analytics.

Many MBAs with a large percentage of international students offer a launchpad into their own country, but the proximity to Asia means that MBS is a springboard to many other countries, too. With over 8,500 alumni working in 95 countries, Melbourne should certainly appeal to people who want an MBA to help them change location. 

Katherine Neshek, MBA 2018:

What appealed about Melbourne Business School first and foremost was the opportunity to live and work abroad and experience Australia first-hand. I met with an alumnus in Chicago (where I am from) and got to hear his experience at MBS. He spoke of the friendships formed with people from all around the world and how, five years later, they are still some of his closest friends. In my class of 39 students, over 15 different countries were represented. In addition, our professors come from different backgrounds and have worked in numerous global positions. If I can remember correctly, I think we had one professor who speaks 10 different languages.

Andrew John, head of Department of Business Administration:

Our admission process emphasizes diversity of culture and experience, so the classroom is global in its composition as well as exhibiting gender diversity and a range of industry backgrounds. While the average GMAT of our class is in line with other top schools, we regularly trade off an increase in the average GMAT score for better diversity in the classroom. During the program, our collaborative process can be observed in almost every class session. A typical MBA classroom contains hundreds of years of work experience, and our professors encourage conversations that bring this experience to the fore. Students emerge from our MBA program as members of a cohort that has formed deep and enduring bonds, while excelling in the hard and soft skills needed in today’s workplace.

Rankings Analysis:

Poets&Quants’ latest ranking of the MBS MBA as being the 23rd ranked MBA in the world (outside the U.S.) speaks volumes about its program. Poets&Quants combines the results from all of the most influential rankings in the world. In these rankings, it is the highest ranked business school in Australia and one of the highest ranked in the Asia-Pacific region.

Contact Information

Location:
200 Leicester St.
Carlton,
Melbourne, Australia 3153
Admissions Office:
+61-3-9349-8200
School Social Media:

From Melbourne Business School:

Home to Australia’s first MBA and executive education programs, Melbourne Business School pioneered the development of business education in Australia.

This spirit of innovation and pursuit of excellence continues today across our suite of degree and executive education programs and our research and teaching which develop the skills and knowledge of business leaders at all levels and delivers measurable impact for organisations.

Our students and clients also benefit from the connections, support and insight that come from our global alumni community of more than 17,000 business leaders in more than 90 countries – Australia’s oldest and strongest business school network – and our deep ties to global businesses.

We’re the University of Melbourne’s graduate school in business and economics, jointly owned by the business community (55 per cent) and the University (45 per cent), with our leadership reporting to an independent board of directors that includes top CEOs and academics.

Melbourne Business School holds AACSB and EFMD (EQUIS) accreditation, and our programs are ranked among the best in the world by the Financial Times, The Economist, Bloomberg BusinessWeek and AFR Boss magazine. The University of Melbourne is Australia’s highest ranked university, positioned No. 33 globally in The Times Higher Education World University Rankings 2015-2016.

Our suite of MBA programs (Full-time MBA, Part-time MBA, Executive MBA, Senior Executive MBA, Master of Marketing and Master of Business Analytics) are an intensive experience, designed for maximum career impact. Fast paced and challenging from multiple perspectives, we provide more than the traditional MBA toolkit. While fully developing your business knowledge, you also gain an adaptive mindset and the ability to absorb and apply learnings, build resilience and develop a tight network of inspiring and encouraging peers.

Our Executive Education programs empower you with the insights, skills, knowledge and behaviours to develop as an effective manager and leader. Combining academic theory with today’s best business practices, our programs are taught by faculty and associates who work directly with business every day, giving you relevant, world-class knowledge and skills you can apply immediately.

Believing the role of business education is to add value and impact, we measure and track our effectiveness within organisations to continually optimise our programs.

By immersing yourself in the world’s most liveable city, you will thrive in a vibrant multicultural community and advanced economy, offering access to Asian markets. Our degree and executive education programs will transform how you think and equip you to become a global leader.