Friday, 19 April 2013

Visa options after completing your MBA in Australia

Most international students who come to Australia tend to stay back in Australia and apply for permanent residency. However after completing an MBA degree, students have very few options to do this. Here we explore some of these options:

The first option is to apply for a 485 visa which allows the MBA graduate to gain some work experience. This is also called the Skilled Graduate visa. This is a temporary visa that has two streams: Graduate work stream and Post-study work stream.
  • The graduate work stream is for international students who graduate with a qualification related to a skill level on Schedule 1 of the Skilled Occupations List (SOL). Please refer to this link: http://www.immi.gov.au/skilled/_pdf/sol-schedule1.pdf
  • For MBAs, the only option is the post-study work stream. This stream is available for students who commenced their study after November 2011. International students who have completed a two year study in Australia are eligible to apply for this visa. A temporary visa in this stream will be granted for two years for MBAs. If you have an MBA which has a Research component attached, then you could get a three year visa.
  • After a 485 visa, the student can either apply for a 457 visa or a state sponsorship as explained in the options below.
The second option is to get an employer to sponsor you on a 457 (temporary) visa. A 457 visa is generally valid for four years and can be renewed after that. After you work on a 457 visa for two years, there is the option of applying for a permanent employer visa called the Employer Nomination Scheme (ENS). The other option is to apply for a Regional Sponsored Migration Scheme (RSMS) which is also a permanent visa but the sponsorship would be by a regional employer.

The third option is to gain state sponsorship and then apply for permanent residency in a relevant skill area. Every state has their own separate skill list and work experience requirements. So you will need to have your relevant skill area and some relevant work experience to become eligible to apply. To apply for permanent residency in Australia, you need to have a minimum of 65 points.

If you need more information on gaining your permanent residency in Australia after your MBA or to understand your options, contact Fortune International Migration Services Pty Ltd at info@fortuneinternational.com.au. Fortune International is a migration consultancy that was started in 2009 and have expertise in a number of different visa categories.

To your success!

43 comments:

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hello,
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Unknown said...

You might be able to get this visa if:you are a current or former Australian permanent resident, or a former Australian citizen.

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Anonymous said...

As explained by the author of the blog "International students who have completed a two year study in Australia are eligible to apply for this visa". Now what most India MBA aspirants who want to enroll in an Australian MBA program doesn't realize is that most Australian MBA's, eg:- AGSM Full time MBA, are of 16 month duration. Now what this means is that post MBA it would be hard for international students to extend their visa since the course duration is shy of the stipulated 24 months PG coursework program. Coupled with the fact that most Australian companies prefer international students who already have valid visa (since it reduces cost for the company which it would otherwise incur if it were to sponsor the visa) , it makes that much more difficult for any international student to find a job post MBA. Now from what i hear, what most students do post MBA is to enroll in an another program immediately after MBA so that they could extend their visa and find jobs in the interim. This makes you wonder, is an MBA from Australia truly worth the time, money and effort. My apologies for painting such a grim picture but i would love to hear from international students who have graduated to correct me if i am wrong.

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