Affordable MBA Colleges in Australia for international students 2024

Australia is a popular destination for international aspirants due to its quality of education, global reputation, innovative business exposure, and global networking. The country is generally considered expensive for international students. However, low fees MBA colleges in Australia offer top-notch education for international students with affordable tuition fees. Therefore, students are recommended to search for the cheapest MBA colleges in Australia to enhance their career opportunities.

Latest: Australia Country Guide

Recommended: Top Universities in Australia

This Story also Contains

1. Affordable MBA Colleges in Australia 2024
2. Why Pursue MBA in Australia?
3. MBA in Australia: Eligibility Criteria for Indian Students
4. Job Opportunities for MBA Students in Australia

How much does it cost to study MBA in Australia? The average MBA cost in the cheap MBA university in Australia is AUD 20,000 - AUD 53,000 per year for international students. Additionally, the average cost of living in Australia ranges around AUD 2500 per month. Meanwhile, Indian students can apply for various scholarships and grants to sustain their course requirements in Australia.

As per the latest statistics, many affordable MBA colleges in Australia are listed among the top international institutions by the QS Global MBA Rankings 2024. A few popular universities offering affordable MBA programmes in Australia include Kaplan Business School, Holmes Institute, Charles Darwin University, Edith Cowan University, Central Queensland University, and Victoria University.

The availability of the low fees MBA colleges in Australia, as well as low living expenditures, were key considerations in international students' decision to apply to Australia. Read the complete article to learn more about affordable MBA colleges in Australia 2024.

Affordable MBA Colleges in Australia 2024

Australia is considered an expensive country for international students to study MBA. However, the availability of various low fees MBA colleges in Australia made it possible for international students to study MBA Australia from globally recognised universities. Meanwhile, study in Australia is relatively cheaper than in most of the study abroad countries like the USA and UK for Indian students.

Cheap MBA Colleges in Australia 2024

Kaplan Business School

Kaplan Business School is a higher education institution focused on business and related fields, located in Australia. The university has multiple campuses across the country. It is a well-known MBA university in Australia and has been accredited by TEQSA (Tertiary Education Quality and Standards Agency). The university has been among the top affordable MBA colleges in Australia.

Holmes Institute

The Holmes Institute was established in 1963. The university is a private university that nourishes over 4000 international students from all over the world.

Holmes Institute Overview

Charles Darwin University

The Charles Darwin University is a public university in Darwin, Australia. It was established in the year 2003. Charles Darwin University acceptance rate is 59%, making it a welcoming choice for aspiring students. Charles Darwin University has eleven unique campuses and centres located across Australia. Charles Darwin University tuition fees is around AUD 20,560 per year for international students.

Charles Darwin University Overview

Edith Cowan University

Edith Cowan University (ECU) is a public university research university in Perth, Australia, which was founded in 1991. The Edith Cowan University acceptance rate is around 60–70%, making it moderately selective. The GPA requirement at Edith Cowan University is 2.7. For the current academic year, the application deadline for experience-based entry is July 1, 2024, and for direct applications, it is July 8, 2024.

Edith Cowan University Overview

Central Queensland University

Central Queensland University (CQU) is a public research university in Queensland, Australia, which was founded in 1991. The Central Queensland University acceptance rate is around 67%. The GPA requirement at Central Queensland University is 3.0 to be considered for admission.

Central Queensland University Overview

Victoria University

Victoria University (VU) is a public research university located in Melbourne, Australia, and it was established in 1887. The GPA requirement is 2.5 on 4.0 scale. Victoria University has over 270,000 alumni and more than 40,000 students are enrolled in its higher education and vocational programmes. Victoria University tuition fees is around AUD 20,940 per year for international students.

Victoria University Overview

Federation University

Federation University was founded in the year 1870. The Federation University acceptance rate is around 48%. Federation University has received many national and international accreditations and recognition from some world-known institutions including the Australian Nursing and Midwifery Accreditation Council, Victorian Institute of Teaching, Australian Psychology Accreditation Council, and others.

Federation University Overview

University of Southern Queensland

University of Southern Queensland is a public research institution located in Toowoomba, Australia. The University of Southern Queensland acceptance rate is around 69%. The University of Southern Queensland has had more than 20,000 students with at least 2,000 International candidates from 50 different countries in the past few years.

University of Southern Queensland Overview

University of Sunshine Coast

The University of the Sunshine Coast is a public institution located in Sunshine Coast, Queensland, Australia. The university is ranked 1001-1200 in QS World University Rankings and 1072 in Best Global Universities by US News and World Report in 2024. The University of the Sunshine Coast acceptance rate is approximately 66%.

University of Sunshine Coast Overview

James Cook University

James Cook University is a public research university, established in 1970 in Queensland, Australia. James Cook University acceptance rate is 79% indicating a highly competitive admission rate among international students. The university has a diverse student body, with more than 20,308 students from over 100 countries. The university is ranked in the top 300 universities in the world by the Times Higher Education World University Rankings 2024.

James Cook University Overview

Why Pursue MBA in Australia?

Australia is a country of natural resources, a vibrant ecosystem, and cultural diversity. Meanwhile, the country is a natural hotspot for business hubs, global networking, and job markets. MBA in Australia is a safe choice for international students who wish to develop a career in the same field. The MBA cost in Australia is cheaper than in many top-world countries like the USA and UK.

Here are some of the major pulling factors in Australia that influence international students to apply for study MBA in Australia.

• Quality of Education: Australia is well-known for offering high-quality education for international students. Incorporated with world-class faculty, modern facilities, and innovative teaching methods, Australia MBA universities are accredited by prestigious organisations. A total of 5 MBA colleges in Australia are listed among the top 100 MBA institutions in the world as per the QS Global MBA Rankings 2024.

• Global Recognition: Australia MBA universities are globally recognized for their course curriculum and post-study career opportunities. Indian students who want to enhance their career prospects both internationally and in India can apply for an MBA in Australia.

• Networking Opportunities: Affordable MBA colleges in Australia are popular for offering excellent networking opportunities for international students. The colleges allow students to connect with industry professionals, alumni, and fellow students which indeed helps students to build a strong professional network in a real-life setting.

• Internship and Job Opportunities: most of the cheap MBA colleges in Australia offer internship opportunities for international students during their course curriculum. These internships help students to get experience in their respective fields. Additionally, post-study work opportunities in Australia for international students are available within wide ranges.

• Quality of Life: Australia is well-known for its high quality of life for its students. The vibrant cultural diversity in the country offers a relaxed lifestyle for international students.

MBA in Australia: Eligibility Criteria for Indian Students

Pursuing an MBA in low fees MBA colleges in Australia is a rewarding option for international students. However, before approaching the application process, students must fulfill a few necessary criteria to demonstrate their candidature. Generally, most cheap MBA university in Australia demand a high GPA, language proficiency, and prior work experience to enroll potential students. However, some universities have a few specific eligibility criteria as per their course requirements.

Here’s a list of the common eligibility criteria for the top cheap MBA colleges in Australia:

• Bachelor's degree: Students must complete their bachelor’s degree education from a recognised university before applying for the cheapest MBA colleges in Australia.

• English language proficiency: The language of instruction in Australia MBA universities is English. Therefore, students from a non-native English-speaking country need to appear and score well on an English language proficiency test like the IELTS or TOEFL. A minimum IELTS score of 6.5 is required in most of the affordable MBA programmes in Australia.

• Work experience: Prior work experience in the relevant field works as a major qualification for top MBA universities in Australia. While this is not mandatory by all universities. However, at least two to three years of work experience in a relevant field can help students to stand out among the other applicants.

• GMAT and GRE score: Indian students applying for MBA in Australia 2024 must mandatorily qualify for the Graduate Management Admission Test (GMAT) or GRE (Graduate Record Examination). The minimum cutoff score for the exams can vary as per the university requirements.

Know more about: How to apply for MBA in Australia?

MBA in Australia: Documents Required

The documentation required while applying for an MBA in Australia may differ depending on the university and curriculum requirements. Here’s a

• Academic transcripts

• Letter of recommendation

• Bachelor's degree certificate or equivalent qualification.

• GMAT/GRE scores

• English language proficiency test scores

• Resume/Curriculum Vitae (CV)

• Statement of purpose

• Visa documentation: A valid passport, financial statements, and health insurance coverage.

• A complete application form

Job Opportunities for MBA Students in Australia

Australia is a destination for vibrant ecosystems, robust financial markets, and tourist spots. The multifold nature of the country boasts wide a range of job opportunities for MBA graduates across various industries. The average salary for MBA graduates in Australia typically ranges from AUD 80,000 to AUD 150,000 per year. However, the approximate range can vary depending on factors such as experience, industry, location, and the specific role.

Students who wish to work in Australia after studies can look for the popular job opportunities available after MBA in Australia:

1. Finance and Banking

2. Technology

3. Healthcare

4. Mining and Resources

5. Retail and Consumer Goods

6. Real Estate and Property

7. Hospitality and Tourism

8. Entrepreneurship