MBA in Australia Cost – University Fees & Other Costs

The increasing number of queries on MBA fees in Australia stands as a testament to the popularity of the country as a management education destination for Indian and other international students alike. Australia has close links with major South-East Asian markets along with top-notch recruiters and a wide range of reputed business schools as well. Thousands of international students pursue management education every year in Australia. The country’s natural beauty, huge coastline, excellent infrastructure, contemporary cities and welcoming approach towards visitors are major plus points that contribute towards it being a great place to study and work. 

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MBA in Australia Cost – Why Study Here 

The MBA in Australia cost is not discouraging for students and the country has some of the world’s most livable cities with lucrative business opportunities. Students can also take up part-time work alongside their courses to cover living costs. 

Owing to its highly strategic location and placement, Australia represents a true amalgamation of eastern and western cultures. You will find cutting-edge management courses that focus on doing business successfully in the Asia-Pacific region. To cite an instance, Perth lies in the same time zone as Hong Kong and Singapore, making it a prime meeting point for all these regions as far as doing business is concerned. MBA courses taught in the country enable a deeper understanding of business environments and key markets in the Asia-Pacific. As per several studies and reports, Australia is number five on the list of the most lucrative global locations for MBA graduates earning salaries after completing their courses. Employees with MBAs may expect to earn a handsome base salary of US$98,400 and average bonuses may stand at around US$17,800. Graduates may look forward to compensation packages hovering around US$116,200. This will naturally make up for the initial MBA in Australia cost incurred by students. 

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MBA Fees in Australia Across Various Universities

MBA fees in Australia may vary from one educational institution to another. MBA in Australia is offered by 50-60 leading institutions. The average MBA fees in Australia for international students will be around USD$40,000-63,000. Yet, expenses may be reduced if you can prove your eligibility for a scholarship for studying in Australia. Approximately, the MBA in Australia costs in Indian rupees will be INR 45 lakh. There are several government scholarships which may reduce your tuition fees to zero, making Australian higher education more cost-effective. 

With regard to MBA fees in Australia, here is a list of institutions offering these programs, their affiliated or parent universities and full-time fees for students. This will help you decide on where to apply:

Institution	Parent University	Full-Time MBA Fees
Melbourne Business School	University of Melbourne	$62,198
AGSM Business School	University of New South Wales	$60,043
Monash Business School	Monash University	$61,156
Macquarie Graduate School of Management	Macquarie University	$54,993
UWA Business School	University of Western Australia	$41,488
UQ Business School	University of Queensland	$56,157
ANU College of Business & Economics	Australian National University	$49,911
Deakin Business School	Deakin University	$43,514
RMIT University School of Business	RMIT University	$59,393
La Trobe Business School	La Trobe University	$41,451

It is not just about taking into account the MBA in Australia fees for Indian students. You should work out the average cost of an MBA in Australia only after including living, food, accommodation, transportation, related educational costs, and other expenditure.

You should also know that a minimum of 55-65% is required at the bachelor’s level and the IELTS score should be meeting the institution’s criteria. A few years, mostly two-three years of past employment experience is often a primary requisite for obtaining admission into an MBA program at a leading Australian business school. Some institutions like Monash University, LaTrobe University, Deakin University and Macquarie University take students into their courses without requiring GMAT scores. With the growing demand for professionals at managerial levels, graduates completing MBAs from Australia may expect average packages of roughly USD$98,400 or approximately INR 72.2 lakh. The accounting and finance sector often pays the highest to MBA graduates and the average annual pay for their stands at around USD$61,229.

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University-Wise MBA Fees in Australia

University Name	Fees
University of Sydney Business School – Global Executive MBA	$106,500
University of New South Wales (AGSM) – MBA Full Time	$100,750
University of Melbourne (MBS) – MBA	$126,000
University of New South Wales (AGSM) – MBA (Executive)	$86,925
Macquarie University (MGSM) – MBA	$80,000
University of Sydney Business School – MBA (Full-time)	$87,820
University of Western Australia – MBA Full-Time Intensive	$125,000
Curtin University – MBA (Advanced)	$89,700
Monash University – MBA (B6016)	$88,000
University of Technology Sydney – MBA	$85,536
University of Adelaide – MBA	$72,750
QUT Business School – MBA	$57,600
University of New South Wales (AGSM) – MBAX	$56,520
Bond University – MBA	$68,380

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As you can see, pursuing an MBA course in Australia will be highly rewarding in terms of the unmatched academic experience, deep understanding of the entire Asia-Pacific region, lucrative future salaries and the vast lineup of globally acclaimed management universities and institutions. The costs are not prohibitive, and students may take up part-time work alongside their courses for lowering the financial burden. At the same time, Australia offers some of the world’s most beautiful and livable cities in tandem with nature-friendly lifestyles, plenty of leisurely activities, a welcoming ambience and more.

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Interested to Study In Australia? Apply for Free Counselling

Cost of MBA in Australia for Indian Students

According to a 2021 survey, the average program cost of an MBA in Australia is around 59,966 AUD or INR 32,31,167. Moreover, there has been a 3.34% increase in fees this year compared to last year. The average annual cost Indian students have to bear to pursue an MBA will range from 45,000 AUD (INR 24,24,402) to 82,000 AUD (INR 44,47,200). The annual fees for the MBA program will vary greatly depending on the university you choose. Although the costs seem exorbitant, you can afford them by availing of the various scholarships offered by the Australian government. The fees of a program are directly connected to the duration, specialisation, and university that you select. You should get these insights early and pre-plan them. To have a hassle-free experience, you must understand the fee structure well beforehand. The average annual fees for the MBA program in some of Australia’s best universities are listed below: 

●    Victoria University- $46,800 

●    Swinburne University of Technology- $36,204 

●    University of South Australia- $60,450 

●    University of Sunshine Coast- $39,905 

●    University of Tasmania- $68,347 

●    University of Southern Queensland- $42,600 

●    University of Newcastle- $36,545 

●    University of New South Wales- $59,760 

●    University of New England (UNE)- $28,000 

●    Torrens University- $36,900 

But keeping aside the costs you incur once you reach Australia, there are also certain pre-departure costs you need to consider. The first is the registration fees that you need to pay when you apply to your favourite university. Usually, the registration fees vary from one university to another depending on the popularity and renowned status of the institution. Additionally, you may also be required to pay for proficiency tests and Visa. 

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Low-Cost MBA in Australia for International Students

As a study abroad destination, Australia offers many great opportunities for international students. The country’s educational system assures students of the best quality programs, making it a great favourite amongst students from across the globe. Like several countries, some courses are better than others when it comes to popularity and expertise. Many courses that demand this kind of attention when it comes to Australia, and one of the top five postgraduate courses in terms of worldwide recognition, popularity amongst domestic and international students, and industry acceptance is MBA. Australia MBA fees vary from one college to another, and you should research well before applying for different institutions. 

But, when it comes to choosing the right colleges, budget is often a restriction that cannot be ignored. While the cost of living in Australia is comparable to that in the USA, you should try choosing an affordable university to decrease your MBA in Australia cost. Listed below are twelve of Australia’s most affordable MBA colleges, which will allow you to get quality education and experience without costing a fortune.

Institute/ University	Course Fee
1) Kaplan Business School	$15,375
2) Holmes Institute	$17,600
3) Charles Darwin University	$20,560
4) Edith Cowan University	$20,600
5) Victoria University	$20,940
6) Central Queensland University	$21,355
7) IIBIT	$21,400
8) Federation University	$21,400
9) University of Southern Queensland	$21,520
10) Southern Cross University	$21,904
11) University of Sunshine Coast	$22,000
12) James Cook University	$22,500

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