MBA Fees in Australia for Indian Students (2025 Updated)

The average cost of pursuing an MBA in Australia falls between ₹35 lakh to ₹46 lakh annually, depending on the university and program. But hold up, that’s just the tuition fees! There are additional costs like living expenses, health insurance, and pre-departure charges to consider.

For Indian students, these numbers can feel overwhelming at first glance, but with scholarships, part-time work options, and stellar post-MBA salaries, the investment can quickly pay off. 

Let’s break it down further to make things easier:

When planning for an MBA in Australia, the type of program you choose plays a big role in determining your expenses. Whether you’re targeting a general MBA, an Executive MBA, or a specialised MBA, each program comes with its own unique costs. 

To make it simpler, here’s a breakdown of fees based on program types:

The average tuition fee for an MBA in Australia ranges between AUD 50,000 and 80,000 per year (approximately ₹30–₹47 lakh). While this might seem like a significant expense, it’s important to remember that these fees reflect the high-quality education, cutting-edge resources, and global recognition that Australian business schools offer. 

With top-ranked universities providing world-class faculty and vast career support, the cost is a worthwhile investment in your future. 

Here’s a list of the top 10 MBA colleges in Australia and their tuition fees:

MBA fees in Australia generally cover only tuition and direct educational costs, excluding living expenses and other incidental costs. It's important to account for additional expenses such as accommodation, utilities, and daily living costs, as well as any extra fees related to student services or activities.

Pre-Arrival Cost of an MBA In Australia

1. Standardized Tests

To apply to any MBA program abroad, you must first ace an entrance exam that the university accepts. An entrance exam aims to help universities understand students' skills and knowledge in multiple subject categories. The entrance exams in Australia (such as the GMAT) for an MBA can vary from one university to another. Here are the popular entrance exams undertaken along with their respective fees:

2. Air Tickets

Air ticket prices vary based on multiple factors such as arrival location, destination location, which brand of airfare you’ve chosen, timing of flights, which website you used to book the flight, number of stops, etc. Here is an overview to help you understand. Remember that the amounts can change based on where you’re traveling from and your arrival destination.

Note: Major costs include Tuition and Cost of Living as discussed earlier in detail. MBA Tuition fees can be pre or post-arrival depending on the University, specialization, and scholarships availed, if any.

Post-Arrival Cost of an MBA In Australia

Living expenses are one of the biggest contributing factors to the post arrival cost of studying MBA in Australia. These costs can vary based on a student’s individual lifestyle choices.

International students will pay up to AUD 20,000/year (INR 11,20,000) to stay in Australia. Thus the table below  shows your monthly expenses:

Other Costs Incurred

With the above in mind, there are also other essential costs that you need to cater to. The top ones are:

1. Visa Fees

Before you arrive in Australia to study MBA at your dream university, you require a student visa. The Australian student visa fee is AUD 630 (INR 34,828), also referred to as subclass 500. Students with this visa can stay in Australia for more than 90 days. 

2. Application Fees

Universities charge application fees to cover the admission process. While most universities now have eliminated this process, a few still enquire about the same. The cost of application fees is AUD 133 (INR 6,900). 

3. Overseas Student Health Cover

International students should have overseas student health coverage to access healthcare in Australia. The costs range from AUD 609 - 3,438 (INR 33,000 - 190,000).

4. Proof Of Funds

To pursue an MBA in Australia, you should also provide proof of funds. The fund amount should be a minimum of AUD 20,290 (INR 11,21,000) annually.

Securing a fully-funded MBA scholarship in Australia can be challenging, but it's not impossible. Several prestigious universities and external organizations offer merit-based and need-based scholarships that can significantly reduce your financial burden of paying MBA fees in Australia. Let's explore some options to help you navigate the scholarship landscape for your Australian MBA journey.

Let us look at some scholarships available for studying an MBA in Australia.

Applying for an MBA in Australia is straightforward if you know the steps. Here's a simple breakdown to help you stay on track:

1. Choose Your Program and University: Research MBA programs and pick the one that suits your goals. Compare tuition fees, specialisations, and career outcomes before deciding.
2. Check Eligibility Requirements: Each university has its own criteria. Most require a bachelor’s degree, work experience (2–3 years), and a GMAT score. Also, ensure you meet the English language requirements (e.g., IELTS or TOEFL scores).
3. Prepare Essential Documents: Gather the essentials like Academic transcripts, updated CV, Statement of Purpose (SOP), Letters of Recommendation (LORs), Test scores (GMAT, IELTS, etc.)
4. Submit Your Application Online: Visit the university’s website and complete your application form. Double-check for accuracy before hitting submit!
5. Pay the Application Fee: Most universities charge an application fee, usually between AUD 100 and 200 (₹5,600–₹11,200).
6. Attend Interviews (if required): Some universities may call you for an interview to assess your fit for the program. Be prepared to highlight your skills and goals.
7. Receive Your Offer Letter: If selected, you’ll receive an offer letter. Accept it by following the instructions and paying the required deposit.
8. Apply for a Student Visa: Once your admission is confirmed, apply for the Subclass 500 visa. Ensure you have proof of funds and health insurance.
9. Plan Your Travel and Accommodation: Book your flights and arrange accommodation. You’re all set for an exciting MBA journey in Australia!

An MBA is one of the popular business programs that students around the globe pursue. Students are always on the lookout to pursue this program at the top university. Thus, Australia has become a prominent choice due to its quality MBA education. Now that you have the cost of studying for an MBA in Australia, it’s time to make a confident academic decision.

Find the MBA university that best fits your academic and professional goals. Join Yocket Premium and speak with our study abroad experts today. With over 15 years of experience, they’ll help you achieve your dream of pursuing an MBA in Australia.