EdMIUMHome to some of the top-rated business schools worldwide, Australia is recognized not only for the excellent quality of education provided but also for the lucrative job prospects they offer to its MBA graduates. One of the reasons for which Australia is gaining popularity is that after completing your MBA in Australia, you can obtain a work permit lasting for 1.5-years to stay back.
The Australian jobs market is exploding with opportunities and also boasts ranking among the top 10 countries for highest MBA salaries in the world. One can safely say that if not the highest, MBA graduates are offered one of the highest packages in Australia.
In this article, let us look at:
- Top Recruiters
- Popular Specializations
- Highest Paying Universities for MBA Jobs in Australia
- Highest Paying Provinces for MBA Jobs in Australia
- How to Find MBA Jobs in Australia?
1. Top Recruiters
Mentioned below is a list of top-10 recruiters offering MBA jobs in Australia as listed as per their annual salary package:
| Recruiters | Average Annual Salary (AUD) |
| Commonwealth Bank of Australia | 84,000- 165,000 |
| ANZ Banking Corporation | 45,000- 225,000 |
| Woolworths | 123,000- 225,000 |
| Telstra Corporation Ltd | 126,000- 155,000 |
| Westpac Banking Corp | 66,00- 135,000 |
| Allianz Global Investors | 132,000 |
| JP Morgan | 158,000 |
| Barclays | 132,000 |
| Fidelity Investments | 133,000 |
| HSBC Global Asset Management | 107,000 |
2. Popular Specializations
With the evolution of specialization, roles and requirements of recruiters have also modified as per skills availability. Hence, you may often find that after completing your MBA in Australia, you will be absorbed in sectors that are the best fit for your skillset.
1) MBA Jobs in Australia with Finance
Finance Specialization in MBA gives you rigorous training in accounts . It helps you develop financial insight. According to the job vacancy statistics provided by the Australian Government, the job vacancy postings for Finance MBA graduates is over 6,000 annually. The employment rate of Finance MBA majors is estimated to rise by 6.9% to 7.2% in the next five years.
| Job Role | Top Recruiters | Average Salary (AUD) |
| Business Analyst | Westpac Banking Corp | 62k- 110k |
| Case Manager | Allianz | 48k- 85k |
| Senior Business Analyst | Cognizant | 67k- 111k |
| Risk Manager | Commonwealth Bank of Australia | 87k- 164k |
| Management Consultant | Deloitte Consulting LLP | 52k-144k |
2) MBA Jobs in Australia in Human Resources (HR)
HR Managers are responsible for managing employee relations, enhancing performances, recruiting, standardizing benefits and compensations etc. The HR sector is estimated to witness an employment growth of around 15.5% by May 2024. There are around 6,400 job postings online seeking Human Resource MBA graduates in Australia per year.
| Job Role | Recruiters | Average Salary (AUD) |
| Human Resource Manager | Atherton | 80k |
| Employee Relations Manager | Hays | 90k |
| Performance Manager | West Recruitment | 92k |
| Recruitment Manager | Randstad Australia | 84k |
| Benefits & Compensation Manager | World Courier | 92k |
3) MBA Jobs in Australia in Sales
Sales managers are needed in most organizations, since they have the skills of financial management, resource allocation and strategic planning. There are about 2000 jobs for sales people currently and it is expected that there will be more jobs going up in the next few years.
| Job Role | Recruiters | Average Salary (AUD) |
| Regional Sales Manager | Wipro Ltd | 95k |
| Retail Store Manager | Adidas | 46k-71k |
| Business Development Manager | APCD Pty Ltd | 54k-122k |
| Sales Consultant | Simonds Homes | 38k-77k |
| Area Sales Manager | GFG Alliance | 55k-112k |
4) MBA Jobs in Australia in Operations
The percentage of graduates from the major (operations) which also hold an undergraduate degree in the same major is 17.9% . The employment growth rate for operations graduates in Australia is projected to grow by 11.9% in the next 5 years.
| Job Role | Recruiters | Average Salary (AUD) |
| Operations Manager | CHEP | 98k |
| Project Management | Wipro Ltd | 99k |
| Category Management | Woolworths Supermarkets | 97k |
| CEO | The Alternative Board of Australia | 143k |
| Process Improvement Management | Rheinmetall Defense | 99k |
5) MBA Jobs in Australia in Marketing
Most MBAs work in management roles where they are responsible for planning and leading one or more campaigns for their company. There are around 2,300 jobs available in the Australian labour market . The employment rate for marketers is expected to grow by 12.9% within a 5 year period.
| Job Role | Recruiters | Average Salary (AUD) |
| Marketing Manager | Westpac Banking Corporation | 103k |
| Maintenance Manager | ASC_PTY Ltd | 79k-176k |
| Senior Product Manager | Telstra Corporation Ltd | 87k- 202k |
| Account Manager | Zomato | 40k- 65k |
| Senior Business Analyst | ANZ | 81k- 143k |
3. Highest Paying Universities for MBA Jobs in Australia
Tabulated below is a detailed list of top business schools in Australia offering MBA along with the tuition fees they charge and the salaries MBA graduates from these schools earn:
| B-School/University | Tuition Fee (USD) | Average Salary (USD) |
| Melbourne Business School | 62,198 | 123,000 |
| AGSM Business School | 60,043 | 119,000 |
| Monash University | 61,156 | 133,000 |
| Macquarie Graduate School of Management | 54,993 | 152,000 |
| UWA Business School | 41,488 | 137,000 |
| University of Queensland | 56,157 | 201,000 |
| ANU College of Business & Economics | 49,911 | 97,000 |
| Deakin Business School | 43,514 | 131,000 |
| RMIT University | 59,393 | 90,000 |
| La Trobe Business School | 41,451 | 67,000 |
4. Highest Paying Provinces for MBA Jobs in Australia
Mentioned below are the average salaries of MBA graduates in different job roles across the continent:
| Province | Average Salary (AUD) |
| Western Australia | Operations Manager- 93kProject Manager- 111kRetail Store Manager- 55k |
| South Australia | General Manager- 90kRetail Store Manager- 53kOperations Manager- 79k |
| Australian Capital Territory | Management Consultant- 117kProject Manager- 109kOperations Manager- 88k |
5. How to Find MBA Jobs in Australia?
Most of the universities in Australia offer internships to help students get jobs after they have graduated from university. They also have career centers for students to get help finding jobs and education. Following are online portals through which you can find MBA jobs in Australia.
Portals for MBA Jobs in Australia:
1. Adzuna: This popular Australian online job portal ensures job postings connect with a vast audience. Additionally, it is integrated with offline media such as newspapers to further broaden the reach.
2. CareerOne: Visitors on this website can also seek career counseling and request a resume evaluation.
3. CareerJet: It has the functionality of presenting the best possible candidates for a job based on their level of experience and area of expertise.
4. Gumtree: Gumtree Australia has a page where employers can post vacancies available and connect with potential employees.
5. Seek: It is especially popular among job seekers since it has a company reviews board from which applicants can gather a fair idea about a company’s culture and work ethic.
Conclusion
Australia has a liberal policy towards permanent residence permits for skilled international workers. Professionals may apply for a permanent residence permit via employer nomination, regional sponsor nomination or apply for permanent residence through the General Skilled Migration Scheme.
Finding jobs in Australia with an MBA degree may seem a tiresome task, but the collective measures of universities to bring employers and students under one roof have over time improved. Additionally, Australia has fought back well in the current times of a pandemic, which in turn did not affect the economy and employment growth rate in major sectors.
