Higher education in Australia is recognized globally. Australia is ranked as the 4th most popular student destination in the world. This is further evidenced by the fact that five Australian universities were ranked in the top 50 universities in the world in the QS World Rankings 2024.
International students often choose Australia for an MBA program. Subjects like Marketing and Human Resources are popular in Australian B-schools. If you are looking for a fulfilling career in the world of business, Australia is an excellent choice. With many highly-ranked B-schools, Australia provides a holistic learning environment and career opportunities. But high-quality education doesn’t have to come at a high price. To ensure you don't break the bank, we've listed the ten best colleges in Australia that offer MBA at an affordable cost in this blog.
Yocket has helped hundreds of students gain admission at the top MBA schools in Australia. Rohan Jadhav, a Premium Yocketeer received an admit for an MBA in International Business in University of South Australia. If you are looking for a top admit like Rohan,make sure to connect with it. Join 1.2 million students that we assist with study abroad strategies.Become A Premium Yocketer Today!
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Top Reasons To Study At Cheap MBA Colleges In Australia
Australia is home to some of the top universities in the world. More than 20,000 international students are pursuing MBA in Australian universities this year. Cheapest MBA in Australia for Indian students We've detailed below the top reasons why international students choose to study MBA in Australia compared to other countries.
- Due to its excellent education system, high quality of living, friendly, laid-back culture, natural beauty, and active metropolitan life, Australia is one of the world's top three most liveable nations.
- Graduates from the top MBA colleges in Australia are in great demand due to the excellent quality of the education system.
- Under Australian law, international students are protected by the Education Services for Overseas Students (ESOS) Act and national regulatory authorities such as the Tertiary Education Quality and Standards Agency (TEQSA).
- The Australian Qualification Framework (AQF) enables nations all around the globe to recognize your qualifications and issue equivalent credentials for local usage.
- There are great affordable MBA colleges in Australia for you to choose from.
Suggested: Study in Australia in 2025
10 Most Affordable MBA Colleges in Australia
As mentioned previously, Australia has some top universities that will provide you with a low-cost MBA in Australia.
Here is a list of the top MBA colleges providing the cheapest MBA in Australia for Indian students:
- Kaplan Business School
- Holmes Institute
- Charles Darwin University
- Victoria University
- Central Queensland University
- Edith Cowan University
- University of Southern Queensland
- James Cook University
- University of Sunshine Coast
- Federation University
Let’s dive deeper into these affordable MBA colleges in Australia:
1. Kaplan Business School
Kaplan Business School is the first college on the list of affordable MBA colleges in Australia. Undergraduate and postgraduate degrees are available at Kaplan Business School Australia. KBS qualifications, like Australia's public institutions, are fully approved by the Tertiary Education Quality and Standards Agency (TEQSA), implying that a KBS qualification has a global reach. It is the cheapest university in Australia for an MBA.
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Popular MBA Programs |
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Course Duration |
2 years |
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Average Yearly Fee |
AUD 15,375 (INR 8,43,320) |
2. Holmes Institute
Holmes Institute is one of the cheapest MBA colleges in Australia. Their MBA program aims to educate you on thinking like a businessperson and using advanced strategic thinking. The Holmes MBA will teach you to think critically about issues and possibilities. The Master of Business Administration program lasts 1.5 years and is taught full-time across three trimesters. All students must complete 12 units to achieve graduation requirements.
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NA |
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Popular MBA Programs |
Master of Business Administration Project Management Accounting |
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Course Duration |
1.5 years |
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Average Yearly Fee |
AUD 17,375 (INR 8,43,320) |
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3. Charles Darwin University
Charles Darwin University is one of the top colleges that provides an affordable MBA in Australia. As a premier cross-sector institution, CDU is ideally positioned to assist students in becoming 'future-ready' professionals who co-develop digital knowledge, skills, and attitudes to fulfill their unique needs and interests while preparing them for a world of rapid change.
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601-610 |
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Popular MBA Programs |
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Course Duration |
12 months |
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Average Yearly Fee |
AUD 20,560 (INR 11,27,720) |
4. Victoria University
Victoria University also provides a low-cost MBA in Australia. VIT is an Australian Higher Education Provider that offers a variety of specialized degrees in Business Management and Information Technology and Systems. The Australian Government regulator, the Tertiary Quality and Standards Agency (TEQSA), has registered it as an education provider, and it offers certified programs under the Australian Qualifications Framework (AQF).
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711-720 |
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Popular MBA Programs |
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Course Duration |
2 years |
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Average Yearly Fee |
AUD 20,940 (INR 11,48,560) |
5. Central Queensland University
Central Queensland University is ranked among the top universities in the world, with an overall five-star rating from QS Stars and it provides a low-cost MBA in Australia. Because we believe that higher education should be available to all, we have become renowned as one of Australia's most accessible and engaged institutions, with a footprint spanning five states and more than 20 sites.
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590 |
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Popular MBA Programs |
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Course Duration |
1.5 years |
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Average Yearly Fee |
AUD 21,355 (INR 11,71,320) |
: 20 B-schools for MBA globally
6. Edith Cowan University
ECU was founded in 1991 to advance the means of cooperative learning administered in a unique and dynamic academic setting. Master of Business Administration International is one of the best courses to choose from that offers in-depth learning in Business Administration and Management. An MS Degree in Business Administration and Management from Edith Cowan University has consistently made its place among the top global universities. International students prefer this course at Edith Cowan University due to its high graduate employability rate.
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529 |
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Popular MBA Programs |
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Course Duration |
2 years |
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Average Yearly Fee |
AUD 33,150 (INR 17,95,370) |
7. University of Southern Queensland
The University of Southern Queensland (USQ), established in 1967, is located in Toowoomba, Australia, famous for its commitment to providing accessible and high-quality education. USQ is well known for its innovative academic programs and research activities, providing a wide range of undergraduate and postgraduate degrees across various streams of study. The university has gained recognition for its strong emphasis on online education, catering to a diverse global student community.
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410 |
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Popular MBA Programs |
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Course Duration |
1.5 years |
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Average Yearly Fee |
AUD 47,040 (INR 25,47,640) |
8. James Cook University
Located in Queensland, Australia, James Cook University (JCU) is a public, tropical research university that was established in the year 1961. The university is named after James Cook, who was an English explorer and navigator and his voyages have significantly contributed to science. It is one of the oldest universities in Australia and the second oldest in the state of Queensland. The university offers undergraduate and graduate courses in a wide range of courses, like business, social sciences, education, health and medicine, science, creative arts, engineering, and law.
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415 |
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Popular MBA Programs |
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Course Duration |
2 years |
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Average Yearly Fee |
AUD 34,960 (INR 18,93,400) |
9. University of Sunshine Coast
The University Of The Sunshine Coast (USC) was established in 1994. It is a public university based on the Sunshine Coast in Queensland, Australia. The main campus is at Sippy Downs on the Sunshine Coast. The other campuses are Gympie, Caboolture, Petrie on Moreton Bay, and Hervey Bay on the Fraser Coast. The major programs available here are for undergraduates, postgraduates, and higher degrees for research.
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1001-1200 |
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Popular MBA Programs |
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Course Duration |
1.5 years |
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Average Yearly Fee |
AUD 27,800 (INR 15,05,620) |
10. Federation University
Federation University of Australia is one of Australia's biggest public institutions, with over 11,010 undergraduates, 5,607 graduates, and 313 research students. It covers Australia's higher education and education and training (VET) programs. FedUni offers degree courses such as Graduate Diploma Mining, Graduate Diploma Management, and Graduate Diploma Technology.
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Popular MBA Programs |
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Course Duration |
2 years |
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Average Yearly Fee |
AUD 30,660 (INR 16,60,510) |
Cost of Studying at Cheap MBA Colleges In Australia
The average cost of studying in Australia is roughly AUD 59,966 (INR 32,89,150). The cheap MBA colleges in Australia charge yearly fees ranging between AUD 45,000 (INR 24,68,260) to AUD 822,000 (INR 4,50,86,930).
The Cost of living in Australia as an international student is another important factor that you must consider when calculating the cost of studying in Australia. The cost of living is AUD 20,000 (INR 10,97,000) per year on average. We’ve detailed it in the Table below.
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Factors |
Average Cost Per Month |
|---|---|
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Accommodation |
AUD 297 (INR 16,290) - AUD 743 (INR 40,750) |
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Food & Groceries |
AUD 208 (INR 11,400) - AUD 416 (INR 22,810) |
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Transportation |
AUD 44 (INR 2,410) - AUD 89 (INR 4,880) |
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Shopping |
AUD 118 (INR 6,470) - AUD 223 (INR 12,230) |
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Miscellaneous |
AUD 22 (INR 1,210) - AUD 29 (INR 1,590) |
However, tuition rates vary depending on the university and degree you pick. However, there is no need to be concerned or perplexed about the cost component. You can finance it by applying for any of the appropriate scholarships provided by the Australian government and organizations.
Scholarships For MBA Degree in Australia
MBA colleges in Australia for Indian students offer scholarships that are quite beneficial for students to fund their studies. Though there are other financial aids in Australia, scholarships are the best option. Let us now go through some of the essential scholarships for MBA colleges in Australia:
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Scholarship |
Benefit |
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Clemenger BBDO Scholarship |
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Dean’s International Management Scholarship |
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Diversity Excellence Scholarship |
Exceptional students are pursuing full-time MBA at Melbourne Business School who bring fresh perspectives to problems and challenges in business. A partial tuition fee of up to AUD 50,000 (INR 27,07,950) is covered. |
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Women in MBA (WiMBA) scholarship |
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Jobs After MBA Degree in Australia
The jobs and salaries after an MBA in Australia are high enough to offer a decent standard of living. Graduates from the top business schools in Australia have a distinguished reputation in the international job market and are sought-after by the world's top companies.
To work after an MBA, students are required to apply for a post-study work permit. Based on their study type, the stay-back option could be anywhere from 18 months to 6 years.
Some popular jobs and their estimated salaries for MBA in Australia are mentioned below:
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Job role |
Average Yearly Salary |
|---|---|
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Operations Manager |
AUD 82,000 - AUD 120,240 (INR 44,41,030 - INR 65,12,070) |
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Business Development Manager |
AUD 100,000 (INR 54,15,890) |
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Business Analyst |
AUD 95,000 - AUD 100,000 (INR 51,45,100 - INR 54,15,890) |
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Account Manager |
AUD 95,600 - AUD 126,710 (INR 51,77,590 - INR 68,62,480) |
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Marketing Coordinator |
AUD 65,000 (INR 35,20,330) |
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From the Desk of Yocket
MBA is one of the most popular courses pursued by international students in Australia. And why wouldn't it be? By giving you access to great employment prospects and professional networking opportunities, MBA degrees from Australian universities offer substantial returns on investment. But if you are worried about the high cost incurred while pursuing an MBA in Australia. Worry not! Some Australian universities offer an MBA at an affordable cost. In addition, Australia's welcoming culture and diversity offer a favorable atmosphere for your overall growth.
When applying for an MBA in Australia, there are various things you need to take care of. scholarships, transcripts, SOPs, visas - the list is endless. That is why Yocket’s experts are here to share the responsibilities of shortlisting universities, finding the best scholarships, cost planning, and other things. With their end-to-end assistance, you will be on your way to pursue your academic goals in no time! Schedule A FREE Video Consultation Call Today!