Australia is an apt destination for pursuing MBA and post-MBA job opportunities. Any international student having the Australia Student Visa must give it a thought to establish a lucrative career upon successfully completing the master’s degree. This is because Australia is renowned for offering qualitative business programs and the global acceptance of international students. Some of its top B-schools such as Monash, Macquarie, Deakin and LaTrobe University are great options for candidates to get admission and progress towards achieving their dreams. A handsome salary of an annual average of $95,000 gravitates more students holding Australia Student Visa towards it.
Interested to know more about the career aspects of a post-MBA holder while studying in Australia? Then stay hooked to this article as we will discuss various job opportunities, salary scope and top recruiters for MBA holders with Australia Student Visa.
Job opportunities in Australia – post-MBA
The B-schools in Australia are popular among the international students having Australia Student Visa. These schools offer qualitative education along with job opportunities post-MBA. The work visa permit includes a three-year extended period post completion of MBA in Masters, making the country the hub of other global destinations for abroad studies.
Following are some of the top job opportunities for the international students pursuing MBA in Australia:
MBA graduates in Australia get the opportunity to work as a marketing manager in a product-based or service-based company. This role requires the person to supervise the marketing department and market the company’s products and services in order to boost sales.
Sales is the most important factor of every company, hence the sales manager plays a significant role to take the form at a greater height. If you get this job position, then you will be in charge of the sales departments and must guarantee that all salespeople accomplish sales targets in order to increase direct sales.
Human Resource Manager
Human resource department is entrusted with the role of seamless operation of an organisation. They are responsible for hiring the right employee for the organisation.
Students who complete an MBA in finance and possess a few years of experience, are the perfect fit for this role. As a finance Manager, you have to render financial and capital management advice to businesses and people of the organisation.
As almost all companies in the world are engaged in various projects, carried out by a team of efficient employees. These teams need a project manager to provide the best result on time. Therefore, for doing so, the company needs a person who is in charge of a project, known as a Project Manager. Their role is to strategise, implement and monitor the project to assure its success.
The Australia Student Visa allows students to pursue MBA and find a job opportunity as Business Consultants. They are the professionals that the firms hire to assist them with the operations. The fundamental role is to give business advisory services on various issues.
The role of Investment bankers is to assist the organisations in raising substantial funds. As an investment banker, you will be responsible for expanding operations through a variety of methods. Students pursuing MBA in investment banking, have the chance of getting the highest-paid jobs.
Students have the opportunity to work as business analysts after completing an MBA from any Australian university. As a business analyst, you need to interpret the data analytics to give insight into a firm’s past, present and future. The most crucial business decisions are made relying on these analytics.
Business Development Manager (BDM)
A BDM applies various methods to build and take the company to great heights. They are responsible for aiding in marketing, sales and the formation of profitable partnerships.
Chief Technology Officer (CTO)
As we are living in the era of the tech-driven world, companies need an expert who can look after the technical aspects of the firm. As a CTO, you will be in charge of the company’s technical components, and implementation of the latest technology. Companies prefer a CTO with a masters degree in MBA, computer science, information technology, or in information technology management.
Work permit for students post MBA in Australia
The Australian policies are quite favourable for the students to stay back after completing their educational degrees. Upon meeting the necessary conditions, one can stay back and continue working in Australia. The students, after completing MBA, can apply for Temporary Graduate Subclass 485 visa. This allows international students to stay in Australia for a period of 2 to 4 years after completion of studies. For being eligible for a post-graduate work permit. The students must have studied in Australia for at least 16 months.
Average MBA salary in Australia
It is quite obvious that as an MBA graduate your salary expectations become very high and to fulfil your expectations, Australia is the best country to work in.
The data highlights a remarkable difference between pre-and post-graduation pay. According to the 2020 Graduate Outcomes Survey from the Department of Education, Skills and Employment, students with an undergraduate business degree could expect a median annual salary of A$64,000. Whereas TopMBA.com found that in 2021 the average MBA graduate in some countries of the world can earn a graduate salary of up to $123,500.
The average MBA salary in Australia was found to be $98,400, with significant bonuses of $17,800. However, globally, the average salary for MBA graduates is $115,000, according to Statista.
Despite the uncertain financial and political situations halting or reducing economic growth worldwide, MBA salaries remained significantly stable.
It has also been recorded that even during the global financial crisis of the 2000s, the yearly increase in salaries that has been happening since the millennium slowed, but never stopped, and since then, they have been growing exponentially.
Top recruiters for MBA in Australia
Jobs post MBA in Australia can be easily obtained.
Following are the popular job prospects after MBA in Australia, along with their average salaries:
- Commonwealth Bank of Australia
- Westpac Banking Corp
- Allianz Global investors
Required skill for bagging a good job Post-MBA
Just having an Australian MBA degree is not enough to bag a good job. The following skills along with your MBA certificate can undoubtedly boost your salary package:
- Leadership skills
- Entrepreneurial skills
- Communication skills
- Research and analysis skills
ROI-MBA in Australia
Pursuing an MBA as an international student, from any Australian university, fetches a luxurious lifestyle, and plenty of job opportunities. Even the cost of living in Australia, including your tuition fees, can be recovered as soon as you start earning there, post-MBA.
Hence, from our above discussion, it is proved that Australia is definitely a great country to pursue MBA and work afterwards. The average MBA salary in Australia ranges approximately, from $40,000 to $90,000, based on the MBA specialisation, and the job profile that you choose. With good job opportunities, top recruiters, and lucrative salaries, one must certainly make full use of the Australia Student Visa and foster a marvelous life there.