Australia is a popular study-abroad location, with over 8 lakh international students Australian MBA program has been designed to meet the market's current needs. The average MBA fees in Australia is INR 35 lakh annually. This blog covers everything you need to know about the cost of studying MBA in Australia.
Key Highlights of the blog:
- MBA fees in Australia range from AUD 48,000 to 84,648 (INR 26 lakhs to 46 lakhs) per year.
- The average cost of studying for an MBA in Australia ranges from $50,000 (₹36,60,950) to $81,400 (₹59,60,026) per year, depending on the MBA college chosen by students.
- Top MBA colleges in Australia include Melbourne Business School, Australian Graduate School of Management (AGSM), and Monash Business School.
- The average salary of an MBA graduate in Australia is around AUD 100,000 to AUD 150,000 per year (INR 56,00,000 to INR 84,00,000).
- Top MBA specializations in Australia include Finance, Marketing, Consulting, and Technology Management.
- Australia offers a Post-Study Work visa for MBA graduates allowing you to work in Australia for up to 4 years after your studies.
Australia, known for its top-ranked business institutions and high-quality education, provides an ideal environment for aspiring MBA professionals. You can too fulfil your dream of going to Australia for your MBA. Step One? Explore Yocket Premium. Our experts will help you at every step- from shortlisting universities to in-house loan and visa approval.
|
Table Of Contents |
|---|
MBA Fees in Australia at Top Universities
Australia has many top-ranked universities for an MBA. Here is the list of the top 10 MBA colleges along with their fees in INR:
|
College/University Name |
QS World Ranking 2025 |
MBA Tuition Fees in Australia/year in |
MBA Tuition Fees in Australia/year in INR |
|---|---|---|---|
|
The University of Melbourne |
13 |
75,000 |
54,91,437 |
|
The University of Sydney |
18 |
60,000 - 70,000 |
44,10,625 - 51,34,225 |
|
The University of New South Wales |
19 |
80,000 |
59,60,026 |
|
Australian National University (ANU) |
30 |
52,000 |
38,24,935 |
|
Monash University |
37 |
65,000 |
47,93,148 |
|
The University of Queensland |
40 |
50,000 |
36,60,950 |
|
The University of Western Australia |
77 |
48,000 |
35,28,760 |
|
The University of Adelaide |
82 |
42,000 |
30,96,000 |
|
University of Technology Sydney |
88 |
45,000 |
33,15,475 |
|
RMIT University |
123 |
55,000 - 65,000 |
40,24,773 - 47,93,148 |
Suggested: Best MBA Colleges to Study in Australia
Top Factors that Determine the Cost of an MBA in Australia
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.
- MBA tuition fees in Australia
- Pre-Arrival Cost of an MBA In Australia
- Post-Arrival Cost of an MBA In Australia (Living expenses)
- Other Essential Costs of Studying MBA in Australia
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:
|
Standardized Tests |
Fees |
|---|---|
|
AUD 286 - 319 (INR 15,000 - 16,500) |
|
|
TOEFL fees |
AUD 212 - 332 (INR 11,000 - 17,200) |
|
AUD 272 (INR 14,100) |
|
|
GRE fees |
AUD 332 (INR 17,200) |
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.
|
Route |
Average Price (in INR) |
|---|---|
|
Bangalore to Australia (one-way) |
INR 34,000 - 65,000 |
|
Mumbai to Australia (one-way) |
INR 36,000 - 84,000 |
|
Delhi to Australia (one-way) |
INR 20,000 - 50,000 |
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:
|
Factors |
Average MBA Cost in Australia (in AUD/month) |
Average MBA Cost in Australia (in INR/month) |
|---|---|---|
|
Accommodation |
AUD 297 - 743 |
INR 16,500 - 41,000 |
|
Food & Groceries |
AUD 208 - 416 |
INR 11,500 - 23,000 |
|
Transportation |
AUD 44 -89 |
INR 2,500 - 5,000 |
|
Household Bills |
AUD 14 - 29 |
INR 750 - 1,600 |
|
Shopping |
AUD 118 - 223 |
INR 6,500 - 12,300 |
|
Miscellaneous |
AUD 22 - 29 |
INR 1,200 - 1,600 |
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.
Australian MBA Scholarships for International Students
Securing a fully-funded MBA 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.
|
University |
Scholarship |
Eligibility |
Award Value |
|---|---|---|---|
|
Melbourne Business School |
Kraft Heinz Scholarship |
Full-time and part-time MBA applicants |
5 awards, 12,000 AUD each |
|
Melbourne Business School |
MBS Scholarships |
Students pursuing Full-time MBA, Executive MBA, Senior Executive MBA |
Variable |
|
Melbourne Business School |
Diversity Excellence Scholarships |
Full-time MBA students |
50,000 AUD |
|
Adelaide Business School |
Adelaide MBA Scholarships |
Formal application for entry into the full-time Adelaide MBA program |
Tuition fees |
|
University of Sydney |
UOW Postgraduate Academic Excellence Scholarship |
International student with at least 75% overall score |
30% tuition fee |
|
University of Sydney |
UN Women NC MBA Scholarships in Australia |
Students eligible for admission to the part-time MBA |
60,000+ AUD |
From the Desk of Yocket
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.
To help you see which MBA university fits your academic and professional needs, speak to Yocket Study Abroad Experts today. With over 15 years of experience, they will help you achieve your dream of studying for an MBA in Australia.
