For those with an eye toward earning a business degree from a competitive Australian college with an outstanding MBA program, you are in luck. Universities in Australia offering an MBA program are ranked by the Graduate Management Association of Australia in a star rating system. The top schools receive five stars, and here is a listing of the top ten Australian colleges that offer outstanding MBA programs. Listing is based on 2008 star ratings.

10-Griffith University: Located with campuses on the Gold Coast and Brisbane, Griffith University offers a top five-star program for the MBA business degree. This university is also recognized as having a top MBA studies program by Association to Advance Collegiate Schools of Business.

Law schools in Australia are expert in legal training across many areas. These courses cover different areas of law including international law, administrative law and various fields of legal studies related to sports, health, media and intellectual property law. Most famous universities and law schools include- University of Queensland -School of law, Murdoch university school of law- Perth, Flinders university law and justice- Adelaide, University of Sydney-Sydney law school, University of New South Wales, University of New England-School of law, Monash University-Monash Law School. All these schools offer undergraduate courses, Bachelors and Masters Degrees in law.

Business schools of Australia:Business schools of Australia have developed a range of programs covering business management, commerce, marketing and finance, along with specialization in management areas related to sports, health and media. To study an MBA in Australia there are wide options in courses and schools too. Business schools here are amongst the top in the world. More advanced studies can be undertaken through a DBA or Phd program or other postgraduate business programs.

Holding an MBA degree can offer excellent opportunities for the students who are in search for a career in the competitive business world. It is specifically designed to withstand the rapid changes in the business arena. The program aims to develop the skills of independent search and decision-making based on the broad systematic knowledge. It is a tough educational program where students acquire new knowledge and skills.

The generalist MBA roughly consists of three parts. The first part gives students grounding in core business skills such as marketing, human resource management, information systems, financial and management accounting, and others. The second part allows students to choose subjects which are of particular interest or relevance to them and focus on these. These subjects of study, known as electives because students elect to study them, will most probably have a bearing on their future careers. The third and final part of the MBA is usually a project which students carry out within a company. This will involve the solving of a particular problem or the management of a project, after which the students must write a dissertation based on their experience.

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