Australia's MBA programs continue to attract global talent in 2026, blending rigorous academics, strong industry connections and high post-graduation salaries amid a competitive international landscape. Recent rankings from QS Global MBA 2026 and Financial Times MBA 2026 highlight the country's top performers, with four Australian schools securing spots in the global top 100.

Melbourne Business School leads as the highest-ranked in Oceania and Australia, followed closely by AGSM at UNSW Business School. These programs emphasize leadership, entrepreneurship and return on investment, drawing students from Asia, Europe and beyond. Tuition for international students typically ranges from AUD 80,000 to AUD 120,000 for full-time MBAs, with scholarships and flexible options available.

Here are the 10 best MBA programs in Australia for 2026, based on the latest QS Global MBA Rankings: Oceania 2026, FT MBA 2026 and aggregated insights from industry sources:

Melbourne Business School
Melbourne Business School

1. **Melbourne Business School (University of Melbourne)**
Ranked No. 1 in Australia and Oceania (QS 2026), and 31st globally. Known for its selective admissions, strong alumni network and focus on leadership and entrepreneurship. The full-time MBA emphasizes real-world projects and global cohorts, with high ROI scores (79.3 in QS). Graduates often secure roles in consulting, finance and tech, with average salaries exceeding AUD 150,000 post-graduation.

2. **AGSM at UNSW Business School (University of New South Wales)**
No. 2 in Australia (QS 2026) and 32nd globally, with a strong showing in FT rankings (around 48th-67th range in recent years). Renowned for strategy, innovation and employer reputation, particularly in finance and consulting. The program offers flexible formats, including full-time and executive options, and boasts a top-tier alumni network in Sydney's business hub.

3. **University of Sydney Business School**
No. 3 in Australia (QS 2026) and 44th globally. The program excels in thought leadership and career outcomes, with specializations in finance, marketing and sustainability. Strong ties to Sydney's corporate sector provide excellent networking, and recent rankings highlight improvements in alumni satisfaction and salary growth.

4. **UQ Business School (University of Queensland)**
Ranked highly in QS Oceania (top 5 in region). Offers a flexible MBA with options for full-time, part-time and online delivery. Strengths include sustainability, entrepreneurship and Asia-Pacific focus, appealing to international students. The program benefits from Brisbane's growing economy and strong industry partnerships.

5. **Macquarie Business School (Macquarie University)**
Placed in QS 121-130 globally. Known for its innovative curriculum, including fintech, data analytics and leadership tracks. Sydney location provides access to financial services hubs, with emphasis on practical skills and global perspectives.

6. **Monash Business School (Monash University)**
Frequently ranked in top Australian lists for its research-driven approach and international outlook. Offers specializations in digital business, supply chain and health management. Melbourne-based, it attracts diverse cohorts and emphasizes ethical leadership.

7. **University of Technology Sydney (UTS) Business School**
Recognized for its contemporary, industry-focused MBA, with strengths in innovation, technology and entrepreneurship. Central Sydney location aids networking, and the program includes real-world projects with corporate partners.

8. **Australian Graduate School of Management (AGSM) variants and related**
While AGSM dominates top spots, related programs at other institutions build on similar strengths. Focus on executive education and leadership development remains key.

9. **University of Western Australia Business School**
Strong in QS regional rankings (151-200 globally). Perth location offers unique access to resources and energy sectors, with MBA emphasizing mining, energy and sustainable business.

10. **Deakin Business School or Griffith Business School**
Often featured in broader top lists (151-200 QS range). These programs provide accessible, high-quality options with flexible delivery, strong in regional economics and practical skills.

Australia's MBA landscape benefits from world-class faculty, multicultural environments and post-study work visas (up to 3-4 years for graduates). Programs prioritize soft skills like leadership alongside technical expertise, preparing students for global careers. QS highlights high employability and alumni outcomes, while FT emphasizes salary growth and career progression.

With Asia-Pacific economic growth, Australian MBAs offer strategic advantages for careers in finance, consulting and tech. Applicants should consider location, specializations and scholarships when choosing.

As rankings evolve, Melbourne and UNSW remain frontrunners, but emerging programs gain ground through innovation and flexibility.