Victoria Graduate School of Business, is the business school of Victoria University, Australia. It was established in 1916 and gained university status in 1992 as the provider of higher education and technical and further education (TAFE). Victoria Graduate School of Business admissions are offered in two intakes in Australia. Victoria Graduate School of Business is considered to be one of the top universities in Melbourne. It is ranked #251 in QS Full-time MBA Rankings Global 2024. Students from more than 100 countries attend this university.
As per CEO Magazine, VGSB (Victoria Graduate School of Business) offers Tier One MBA program in Australia. This business school is ranked #1 for professional skills. It is also considered to be in the top 2% of universities worldwide. To get into Victoria Graduate School of Business, you need to have a bachelor degree in the related field. Apart from this, you need to have a PTE score of 58-64 to meet Victoria Graduate School of Business English language requirements. You also need to have a GMAT score of 550 to get into the MBA program. This business school provides Victoria University Master of Business Administration and the tuition fee is AUD 18,500 (INR 10,15,128) per semester. Victoria Graduate School of Business has more than 300 educational partners.
As per The Australian Financial Review, Australian MBA graduates across all industries earn an average of AUD 157,000 (INR 86,14,866) per year. So there are high chances that you can land on to MBA jobs in Australia after graduating from this university. This business school helps financially abled students by providing scholarships to them. If you are eligible, you can get VU Block Model International Scholarship that gives 30% off on first year tuition fees.
Victoria Graduate School of Business Courses and Fees
Victoria Graduate School of Management offers more than 20 postgraduate and 6 undergraduate programs. It is widely recognized for MBA program. Victoria University MBA ranking is #251. Victoria Graduate School of Management courses and fess for international students are given in the table below
| Courses | Tuition Fees |
| Global MBA | AUD 18,500 (INR 10,15,128) per semester |
| Online Master of Business Administration (Finance) | AUD 3,800 (INR 2,08,513) per semester |
| Master of Business Analytics | AUD 17,300 (INR 9,49,281) per semester |
| Master of Professional Accounting | AUD 17,300 (INR 9,49,281) per semester |
| Master of Supply Chain Management | AUD 17,300 (INR 9,49,281) per semester |
| Master of Marketing | AUD 17,300 (INR 9,49,281) per semester |
| Graduate Certificate in Business Administration | AUD 3,800 (INR 2,08,513) per unit |
| Graduate Certificate in Business | AUD 3,800 (INR 2,08,513) per unit |
| Doctor of Philosophy in Business | AUD 16,400 to 19,400 (INR 8,99,897 to 10,64,512) per semester |
Note: AUD 1= INR 54.87 as on January 30, 2024
Victoria Graduate School of Business Application Deadline
Victoria Graduate School of Business accepts international students in two intakes in Australia. Check out the application deadline for this business school
Victoria Graduate School of Business Application Process
The application process for this business school is completely online. You have to submit an online application with some documents with it. You need to pay Victoria Graduate School of Business application fee of AUD 75 (INR 4,115). The documents you need to submit to study in Australia at this business school are
- Academic Transcripts
- Work Experience certificates
- LOR
- Health Insurance
- Australian Student Visa
- SOP for Australia
- Financial Statement
- TOEFL/IELTS/PTE Score Certificate
- GRE/ GMAT score
Victoria Graduate School of Business Admission Requirements
As an international student, you need to have qualifying scores in exams to study in Australia. Refer to the below table to know more about the exam scores accepted by the business school
Victoria Graduate School of Business Cost of Living
The cost of attendance varies as per your lifestyle and accommodation choices and is difficult to calculate. As per Australian Immigration, you need AUD 21,041 (INR 11,54,557) per year for the cost of living in Australia. We have given an estimated cost of living at Victoria Graduate School of Business, you can refer to that.
| Particulars | Cost in AUD (Annual) |
| Rent | AUD 28,707.48 (INR 15,75,204) |
| Meal | AUD 300 (INR 16,462) |
| Transportation | AUD 2400 (INR 1,31,692) |
| Utilities (Electricity, Heating, Cooling, Water, Garbage) + (Mobile phone and Internet) | AUD 5,418.48 (INR 2,97,322) |
Note: AUD 1= INR 54.87 as on January 30, 2024
Victoria Graduate School of Business Scholarships
Being the business school of Victoria University, VGSB offers the same scholarships as the parent university. Scholarships in Australia for international students offered by this business school are given in the table below
| Scholarship | Eligibility Criteria | Award |
| VU Block Model International Scholarship | All new international students commencing a foundation, higher education diploma, undergraduate, or postgraduate (coursework) course with VU | 30% off first year tuition fees |
| VU International Scholarship | New students commencing a higher education diploma, undergraduate, or postgraduate (coursework) course with VU Melbourne are eligible | 10% tuition fee reduction |
| Australia Awards Scholarships | International students entering into any course at Victoria University | Full tuition fee discount |
Victoria Graduate School of Business Job Outcomes
While the prospect of earning an MBA is exciting, it comes with a commitment of time. MBA students typically dedicate up to 20 hours per week to their studies in part-time jobs in Australia, encompassing various units such as Strategic Management and Business Policy, Art and Practice of Leadership, and Financial Analysis. Depending on the program's flexibility, it may be feasible to maintain full-time employment concurrently.
- Australian MBA graduates across all industries earned an average of AUD 157,000 (INR 86,14,866) per year.
- Students who completed an Executive MBA (EMBA) reported average earnings of AUD 222,000 (INR 1,21,81,531).
Victoria Graduate School of Business Vs Melbourne Business School Vs Australian Graduate School of Management Vs Monash Business School
Victoria Graduate School of Business stands out with an acceptance rate of around 64%. Tuition fees are also very affordable at AUD 17,300 (INR 9,49,281) per semester. Many international students often look for these universities while looking for Victoria Graduate School of Business. Hence, a comparison table might help you to choose the best university for your study abroad journey.
| Parameters | Victoria Graduate School of Business | Melbourne Business School | Australian Graduate School of Business | Monash Business School |
| Ranking | #711-720 in QS | #37 in QS | #42 in QS | #54 in QS |
| Acceptance rate | 64% | 37% | 42% | 40% |
| Tuition fees | AUD 17,300 (INR 9,49,281) per semester | AUD 1,06,650 (INR 59,11,552.98) | AUD 81,720 (INR 45,31,070.00) | AUD 73,300 (INR 40,62,980.15) |
| ELP scores | IELTS: 79 TOEFL: 79 PTE: 58 |
PTE: 65 TOEFL: 102 IELTS: 7.0 |
PTE: 64 IELTS for Australia: 7.0 |
PTE: 58+ IELTS score: 6.5+ TOEFL: 79+ |
| Average annual salary | AUD 157,000 (INR 86,14,866) | AUD 1,74,000 (INR 96,44,727.78) | AUD 1,45,000 (INR 80,39,710.60) | AUD 1,50,000 (INR 83,14,420.50) |
| Top recruiters | Commonwealth Bank, Woolworths Group, National Australian Bank and more | BHP Group, Telstra, ANZ, CSL etc. | Amazon, Rio Tinto, IBM, Qantas and more | Alphabet, Deloitte, Coles, Westpac and more |
Note: AUD 1= INR 54.87 as on January 30, 2024
You can consider the above-mentioned details while looking for Victoria Graduate School of Management. One thing famous about Victoria University is, it is known for preparing the students not just for a career, but for life.
FAQs
Ques: Is Victoria University MBA good?
Ans: The MBA program at Victoria University received a Tier One ranking in the 2019 Global Rankings by CEO Magazine because of its top-notch instructors, small class numbers, diverse student body, affordability, and opportunities for international study.
Ques: What is Victoria University Business School ranked?
Ans: According to the Times Higher Education (THE) World University Rankings, VU ranks in the top 2% of universities in the world.
Ques: What is VU ranked in QS?
Ans: Among the best public universities in the country is Victoria University. In the QS World University Rankings 2024, it is rated #251.
Ques: Is Victoria University Level 1 or 2?
Ans: In terms of graduate employability, Victoria University leads the field, according to the Quality Indicators for Learning and Teaching study (QILT). In addition, Victoria University ranks second among all educational institutions in the Times Higher Education (THE) World University Rankings.
Ques: Is Victoria University worth it?
Ans: VU is listed among the top 80 institutions under 50 years old and in the top three percent of all universities globally according to THE World University Ranking.
Ques: Why Victoria University is best for international students?
Ans: You can take advantage of job-integrated learning opportunities at Victoria University, as well as work placements and over 4,000 industry partners.
Ques: Which city is best for MBA in Australia?
Ans: The Economist ranked Melbourne Business School's MBA program as the best in Australia. The program offers a wealth of information and experiences that apply to real-world situations.
Ques: Is an MBA from Australia worth it for Indians?
Ans: Yes, India places a great value on an international MBA degree. Companies understand that graduates from the best schools of international business have the knowledge and expertise needed to succeed in the increasingly worldwide market.
Ques: Is MBA in Australia tough?
Ans: Australia produces MBAs of a very high caliber. You will have to put in a lot of effort in your studies and devote a lot of time to lectures. But remember to take advantage of everything that Australia has to offer.
Ques: Is Victoria University a public or private university?
Ans: Located in Melbourne, Victoria, Australia, Victoria Institution or VU or Vic Uni is a public research institution.
Ques: Why choose Victoria University Sydney?
Ans: With our innovative approach to university education, we, as one of the top 2% of universities globally, are transforming education in Australia. This includes the VU Block Model, in which we instruct students in a single unit at a time, as opposed to multiple at once. Your talents for a 21st-century career will come from our emphasis on student success.
Ques: Why choose Victoria?
Ans: Victoria University is renowned for its supportive and culturally diverse learning environment, flexible approach to education and industry-focused courses. World-class research and an international reputation are also attributed to the school.
Ques: Why choose Victoria University for study?
Ans: Work internships with our industry partner are a benefit of studying with us. Better results, targeted learning, and smaller courses are features of the VU Block Model. Programs that help you become employable after graduation.
Ques: Which is the main campus of Victoria University?
Ans: Our largest school, Footscray Park school, has top-notch sports science facilities, a wide range of academic offerings, and is home to all of our other campuses combined. Victoria University Polytechnic TAFE courses are the main focus of the laid-back and welcoming Footscray Nicholson Campus.
Ques: Which MBA is most demanding in Australia?
Ans: While the MBA in International Business is one of the hardest specializations offered in Australia, other equally essential specializations include Marketing, Finance, Human Resources, Entrepreneurship, and Economics.
Ques: Which MBA field has the highest salary in Australia?
Ans: After law, energy, and mining, finance is the third-highest-paying industry in Australia. This means that MBA graduates entering the profession may expect to make significant wages.
Ques: Is there PR for an MBA in Australia?
Ans: The main reason overseas students travel to Australia is to apply for permanent residency because the country also provides high-quality living conditions. Graduates with an MBA can apply for Australian permanent residence without a doubt.
Ques: Is PR difficult in Australia?
Ans: The process of becoming a permanent resident of Australia can be drawn out and complicated, requiring perseverance, commitment, and careful planning. The benefits, however, can be significant and include becoming eligible for Australian citizenship, having access to healthcare and education, and being able to live and work permanently in Australia.
Ques: Is an MBA in Australia tough?
Ans: Australia produces MBAs of a very high caliber. You will have to put in a lot of effort in your studies and devote a lot of time to lectures. But remember to take advantage of everything that Australia has to offer.
Ques: Is the Australian MBA valid in India?
Ans: Yes, India places a great value on an international MBA degree. Companies understand that graduates from the best schools of international business have the knowledge and expertise needed to succeed in the increasingly worldwide market.
