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MBA: The Why, The Whats & The Hows

MBA Fees in Aus...

MBA: The Why, The Whats & The Hows

MBA Fees in Australia 2024: Top MBA Colleges for Indian Students

Q: Is the MBA cost in Australia expensive?

The MBA in Australia for Indian student fees is not expensive. There are multiple MBA universities in this country that offer cheaper MBA tuition fees in Australia. It is suggested to visit the universities official website to find more details about such MBA fee structure in Australia.

Q: Is MBA in demand in Australia?

Yes, MBA is one of the vital and highly popular programs undertaken by international students globally. Australia is home to the best MBA universities offering valuable education, cheaper university MBA fees, etc.

Q: How long is MBA course in Australia?

The course duration for doing an MBA in Australia is between 15 months to two years. The duration varies based on the type of program chosen.

Q: Which country is best for MBA?

Australia proves to be the ideal country to pursue MBA studies due to the QS-ranked MBA universities and courses offered, cheaper MBA fees in Australia, unique teaching methods, etc.

Q: Can you pursue MBA in Australia with scholarship?

Yes, international students can pursue MBA in Australia with a scholarship. If a student finds it difficult to cater to MBA fees in Australia, a scholarship can help support them financially.

Q: Can I get a full scholarship for an MBA in Australia?

Yes! The government, corporations, private organizations, and universities fund full scholarships to study in Australia. The most popular one is the Australian Awards Scholarship, provided by the Australian Government. It covers 100% tuition fees, total cost of living, airfares, and healthcare expenses.

Q: What is the average cost of an MBA in Australia?

The cost of pursuing an MBA in Australia can vary significantly, typically ranging from $50,000 (₹36,60,950) to $81,400 (₹59,60,026) annually, depending on the chosen institution. Generally, top-tier universities tend to have higher tuition fees compared to mid-ranking ones.

Q: How much is MBA fee in Australian University?

MBA fees in Australia vary between AUD 48,000 and AUD 84,648 per year, which is roughly INR 26 lakhs to INR 46 lakhs.

Yocket Editorial Team

Dec 12, 2024

8.1k views

Over 8 lakh international students call Australia their study destination each year.

Yep, and a good number of them are Indian students chasing their dream MBA in Australia. Why?

Because Australia delivers the perfect mix of world-class education, career opportunities, and that sunny “life’s good” vibe.

But let’s cut to the chase—while MBA programs in Australia may come with a significant price tag, the career opportunities they bring along make it worth the investment. With post-MBA salaries ranging from ₹56–₹84 lakh annually, the return on investment is undeniably impressive.

Key Highlights:

MBA fees in Australia range from AUD 48,000 to 85,000 (₹26–₹47 lakh) per year.
The average cost of studying for an MBA in Australia is between AUD 50,000 and 81,000 (₹36.5–₹59.5 lakh) per year, depending on the university.
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 150,000 (₹56–₹84 lakh) annually.
Australia offers a Post-Study Work Visa allowing MBA graduates to work in the country for up to 4 years after completing their studies.

What makes it even better? Scholarships to ease your wallet, a 4-year post-study work visa, and global job market exposure. So, keep reading—we’ve got all the details covered!

Table of Contents
What is the Average Cost of MBA in Australia? Program-Wise MBA Fees in Australia MBA Tuition Fees at Top B-schools in Australia Cost of Studying MBA in Australia for Indian students Scholarships to Lower the MBA Tuition fees in Australia Application Process for MBA in Australia

What is the Average Cost of MBA in Australia?

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:

Expense Type	Cost (AUD)	Cost (INR)
Tuition Fees	50,000 - 80,000/year	₹30 lakh - ₹50 lakh/year
Living Expenses	20,000/year	₹11 lakh/year
Health Insurance (OSHC)	600 - 3,500/year	₹35,000 - ₹2 lakh/year
Visa Fees	630	₹35,000
Pre-arrival Costs (Tests, Tickets)	2,000 - 3,000	₹1.2 lakh - ₹1.8 lakh

Thinking about studying for an MBA abroad? Schedule a free 1-on-1 consultation call with our experts to get personalized advice!

Program-Wise MBA Fees in Australia

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:

Program Type	Fee in AUD	Fee in INR
General MBA	48,000 - 75,000	₹26 - ₹44 lakh
Executive MBA (EMBA)	60,000 - 90,000	₹35 - ₹53 lakh
Specialised MBA	50,000 - 85,000	₹29 - ₹50 lakh
Online MBA	30,000 - 50,000	₹17 - ₹29 lakh
Part-Time MBA	40,000 - 65,000	₹23 - ₹38 lakh
Global MBA	55,000 - 85,000	₹32 - ₹50 lakh
Dual-Degree MBA	70,000 - 100,000	₹41 - ₹59 lakh
Accelerated MBA	45,000 - 70,000	₹26 - ₹41 lakh
Flexible MBA	50,000 - 80,000	₹29 - ₹47 lakh

MBA Tuition Fees at Top B-schools in Australia

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:

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

University of Melbourne

One of Australia’s top-ranking universities, the University of Melbourne, offers a premium MBA experience. The tuition fee for its MBA program is AUD 75,000 (₹45,00,000). While the cost might be higher than average, students benefit from state-of-the-art facilities, top-tier faculty, and an extensive alumni network. Graduates also enjoy competitive salaries, making this a worthwhile investment for ambitious professionals.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1 year
Intakes	January
Fees	AUD 75,000 (₹45,00,000)
Salary Post MBA	AUD 120,000 per year
Admission requirements	Bachelor’s degree with a minimum 65% average, GMAT score of 600+, minimum 2 years of work experience, IELTS score of 7.0 overall

University of Sydney

With tuition fees ranging between AUD 60,000 and 70,000 (₹36,00,000–₹42,00,000), the University of Sydney’s MBA program stands out for its focus on innovation and leadership. It offers an excellent return on investment, equipping graduates with skills for global business success.

Detail	Information
Program Type	Full-Time MBA
Course Duration	18 months
Intakes	February
Fees	AUD 60,000 – 70,000 (₹36,00,000 – ₹42,00,000)
Salary Post MBA	AUD 110,000 per year
Admission Requirements	Bachelor’s degree with a credit average, GMAT score of 600+, minimum 3 years of work experience, IELTS score of 7.0 overall

University of New South Wales (UNSW)

UNSW’s MBA program, priced at AUD 80,000 (₹48,00,000), is designed for ambitious professionals aiming for leadership roles. The program includes global exposure, industry projects, and robust career services, making it a favourite among international students.

Detail	Information
Program Type	Full-Time MBA
Course Duration	16 months
Intakes	January
Fees	AUD 80,000 (₹48,00,000)
Salary Post MBA	AUD 115,000 per year
Admission Requirements	Bachelor’s degree with a credit average, GMAT score of 550+, minimum 2 years of work experience, IELTS score of 6.5 overall

Australian National University (ANU)

ANU offers an MBA program with tuition fees of AUD 52,000 (₹31,20,000). Known for its research-driven approach and small class sizes, ANU provides a personalised and immersive MBA experience.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1.5 years
Intakes	February
Fees	AUD 52,000 (₹31,20,000)
Salary Post MBA	AUD 100,000 per year
Admission Requirements	Bachelor’s degree with a minimum 60% average, GMAT score of 600+, minimum 3 years of work experience, IELTS score of 7.0 overall

Monash University

Monash University’s MBA program is priced at AUD 65,000 (₹39,00,000). Renowned for its focus on global business challenges and leadership, the program ensures graduates are equipped with the skills needed to excel in top-tier organisations worldwide.

Detail	Information
Program Type	Full-Time MBA
Course Duration	2 years
Intakes	January
Fees	AUD 65,000 (₹39,00,000)
Salary Post MBA	AUD 105,000 per year
Admission Requirements	Bachelor’s degree with a minimum 65% average, GMAT score of 550+, minimum 3 years of work experience, IELTS score of 6.5 overall

University of Queensland

The University of Queensland offers an affordable MBA program with tuition fees of AUD 50,000 (₹30,00,000). The program is widely recognised for its emphasis on sustainability, innovation, and practical problem-solving.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1 year
Intakes	January
Fees	AUD 50,000 (₹30,00,000)
Salary Post MBA	AUD 100,000 per year
Admission Requirements	Bachelor’s degree with a minimum 65% average, GMAT score of 550+, minimum 2 years of work experience, IELTS score of 6.5 overall

University of Western Australia

With tuition fees of AUD 48,000 (₹28,80,000), The University of Western Australia provides an MBA program tailored for aspiring leaders. Its close ties to industries in Perth give students unique networking and internship opportunities.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1 year
Intakes	February
Fees	AUD 48,000 (₹28,80,000)
Salary Post MBA	AUD 95,000 per year
Admission Requirements	Bachelor’s degree with a minimum 60% average, GMAT score of 550+, minimum 2 years of work experience, IELTS score of 6.5 overall

The University of Adelaide

The University of Adelaide’s MBA program is one of the most cost-effective, with tuition fees of AUD 42,000 (₹25,20,000). The program is known for its focus on entrepreneurship and small business management, making it ideal for students with big ideas.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1 year
Intakes	January, July
Fees	AUD 42,000 (₹25,20,000)
Salary Post MBA	AUD 85,000 per year
Admission Requirements	Bachelor’s degree with a minimum 60% average, GMAT score of 500+, minimum 2 years of work experience, IELTS score of 6.5 overall

University of Technology Sydney

The University of Technology Sydney offers an MBA program with tuition fees of AUD 45,000 (₹27,00,000). Its strong industry connections and focus on real-world problem-solving make it a favourite among international students.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1.5 years
Intakes	March, July
Fees	AUD 45,000 (₹27,00,000)
Salary Post MBA	AUD 90,000 per year
Admission Requirements	Bachelor’s degree with a minimum 60% average, GMAT score of 500+, minimum 2 years of work experience, IELTS score of 6.5 overall

RMIT University

RMIT University’s MBA program is competitively priced at AUD 55,000 to 65,000 (₹33,00,000–₹39,00,000). The program emphasises innovation, design thinking, and global business practices, making it highly relevant to modern industries.

Detail	Information
Program Type	Full-Time MBA
Course Duration	1.5 years
Intakes	February, July
Fees	AUD 55,000 – 65,000 (₹33,00,000 – ₹39,00,000)
Salary Post MBA	AUD 100,000 per year
Admission Requirements	Bachelor’s degree with a minimum 60% average, GMAT score of 550+, minimum 2 years of work experience, IELTS score of 6.5 overall

Cost of Studying MBA in Australia for Indian students

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:

Standardized Tests	Fees
IELTS fees	AUD 286 - 319 (INR 15,000 - 16,500)
TOEFL fees	AUD 212 - 332 (INR 11,000 - 17,200)
GMAT fees	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.

Scholarships to Lower the MBA Tuition fees in Australia

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.

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

Application Process for 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:

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.
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).
Prepare Essential Documents: Gather the essentials like Academic transcripts, Updated CV, Statement of Purpose (SOP), Letters of Recommendation (LORs), Test scores (GMAT, IELTS, etc.)
Submit Your Application Online: Visit the university’s website and complete your application form. Double-check for accuracy before hitting submit!
Pay the Application Fee: Most universities charge an application fee, usually between AUD 100 and 200 (₹5,600–₹11,200).
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.
Receive Your Offer Letter: If selected, you’ll receive an offer letter. Accept it by following the instructions and paying the required deposit.
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.
Plan Your Travel and Accommodation: Book your flights and arrange accommodation. You’re all set for an exciting MBA journey in Australia!

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.

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.