Careers360 Logo
Cost of Studying MBA in Australia for Indian Students 2024

Cost of Studying MBA in Australia for Indian Students 2024

Edited By Stuti Jain | Updated on Jun 10, 2024 11:29 AM IST

Studying MBA in Australia is quite expensive for Indian students planning to study abroad. The average cost of studying MBA in Australia for Indian students is around AUD 90,000 to AUD 1,20,000 per year. The total cost of MBA in Australia for Indian students ranges between Rs. 30 to 55 lakhs per year. Hence, students must calculate the total cost of studying MBA in Australia 2024 before planning to study abroad.

Australia is known for its high-quality education, diversified environment, and strong financial market. The cost of studying in Australia for an MBA depends on various factors such as the location of the university, ranking, infrastructure, quality of education and other factors. The cost of living in Australia 2024 is 283.2% higher than the cost of living in India, however, it is still less than other major countries such as USA, UK, and Canada.

International students can also look for affordable MBA colleges in Australia if they are looking for MBA programmes with lower tuition fees. Students can also apply for scholarships and grants provided by various universities, which can help them reduce the cost of doing MBA in Australia 2024. Read the complete article to learn about Cost of MBA in Australia, affordable MBA colleges, work opportunities and more.

Study in USA

Universities inviting applications | Get expert guidance

Study in Australia

Shortlist best ranked universities & get expert guidance

Top 10 MBA Universities in Australia with Fees

Cheapest MBA universities in Australia with fees 2024

Australia is one of the most expensive countries for international students to study MBA. However, the availability of affordable MBA colleges has enabled overseas students to study MBA Australia at internationally acknowledged universities. The cost of MBA in Australia is less expensive than in most other study-abroad nations such as the United States and the United Kingdom for Indian students. A detailed list of the cheapest MBA universities in Australia along with their fees is mentioned below.

Cheap MBA Colleges in Australia 2024

Name of College/ University

Course Fee in AUD

Tuition Fee in INR

Kaplan Business School

AUD 53,400

Rs. 29,55,153

Holmes Institute

AUD 30,000

Rs. 16,60,198

Charles Darwin University

AUD 20,560

Rs. 11,37,789

Edith Cowan University

AUD 33,150

Rs. 18,34,519

Central Queensland University

AUD 35040

Rs. 19,39,111

Victoria University

AUD 20,940

Rs. 11,58,818

Federation University

AUD 30,660

Rs. 16,96,722

University of Southern Queensland

AUD 47,040


Rs. 26,03,191

University of Sunshine Coast

AUD 27,800

Rs. 15,38,450

James Cook University

AUD 34,960

Rs. 19,34,684

Cost of living in Australia For Indian Students 2024

Tuition costs for MBA programmes in Australia differ by university, however, the overall MBA cost in Australia is between Rs. 22.23 L and Rs. 54.23 L. Apart from tuition fees, candidates also need to have a budget of AUD 3000 - AUD 4000 per month to cover the living expenses such as cost of accommodation, food, transportation, utilities and other expenditures. A detailed overview of the cost of living in Australia for international students is mentioned below.

Living expenses in Australia 2024

Expense list

Costs per month

Accommodation

AUD 800 - AUD 2000

Food

AUD 300 - AUD 600

Transportation

AUD 100 - AUD 200

Utilities

AUD 100 - AUD 200

Other expenses

AUD 200 - AUD 400

How to Manage the Cost of Studying MBA in Australia?

Australia is an expensive country for international students and the cost of living in Australia is 232.4% higher than India without rent. All Indian students planning to study MBA in Australia must have a look at the following strategies that can help them manage their living costs in the country.

  1. Different universities have different tuition fees and hence the cost of living also differs depending on the location of the university. Hence, students must conduct an extensive research before applying for MBA in Australia.

  2. They must have a higher score to be considered for scholarships in Australia to minimise their education costs as several universities offer merit based scholarships.

  3. International students can also search for part-time jobs in Australia to cover their living expenses and reduce the financial burden.

  4. Make an extensive list of all the expenses such as rent, food, transport, and others to reduce unnecessary expenditures and save the money.

MBA Scholarships in Australia

Australia provides a variety of scholarships to international students, including a few especially for Indian students. Australia offers both completely and partially financed scholarships. Check out some of the MBA scholarships in Australia 2024 provided below.

MBA Scholarships in Australia 2024

Australia Awards Scholarships

Diversity Excellence Scholarships

Clemenger BBDO Scholarship

Helen Macpherson Smith Fellowship

CEW and HMST Scholarship

Kraft Heinz Scholarship

WISE Employment Diversity Scholarship

Dean's International Management Scholarship

Vice Chancellor's International Excellence Scholarships

Dean's Scholarship for Women and Management

MBA Work Opportunities in Australia 2024

Australia is known for its vibrant and diversified student life, financial markets, and top quality education. MBA graduates in Australia can explore a wide range of job opportunities across various industries. The average MBA graduate salary in Australia approximately ranges from AUD 80,000 to AUD 150,000 per year. However, the salary range can vary on factors such as industry type, work experience, location, and more. Students planning to work after study in Australia can explore career opportunities in the following fields:

  • Finance

  • Banking

  • Accounting

  • Marketing

  • Technology

  • Healthcare

  • Mining and Resources

  • Hospitality

  • Entrepreneurship

  • Operations

  • Supply Chain Management

Study in Ireland

Want to study in Ireland? Explore Universities & Courses

Frequently Asked Questions (FAQs)

1. Is it possible to reduce the cost of studying in Australia?

Yes, you can reduce your cost of studying in Australia by getting a scholarship to fund part of your studies or by getting a student loan. You can even work part-time during your studies to cover your study cost.

2. How are tuition fees calculated in Australia?

Australian tuition fees are calculated on a credit or credit basis rather than on a specific semester or year. Each course has a different number of credits depending on the subject chosen. Tuition fees are charged according to subject selection and credit points.

3. Can I apply for an MBA in Australia without a GMAT score?

Yes, you can apply for an MBA in Australia without a GMAT score. This is because most universities make this entrance exam voluntary or waive it.

4. How much MBA cost in Australia?

MBA in Australia costs anywhere from 22.2 to 54.2 lakhs Indian rupees depending on the university. However, the total cost must include living expenses for the entire duration of the course as well. Living expenses can go up to INR 24.99 lakhs. 

Articles

Questions related to

Hi there,

Hope you are doing fine.

Yes it is possible to pursue a Masters in Education (M.Ed) in Australia with a bachelor’s degree in engineering (B.E). Australian universities have flexible entry requirements and value diverse academic backgrounds. However you will need to meet specific admission criteria set by the universities you are interested in.

To enhance your application you can highlight any relevant experience you have in teaching, training or educational projects. Some universities might also require you to submit a statement of purpose explaining your interest in transitioning to education and how your background in engineering could contribute to your study and future career in education.

You should review the specific requirements for each university and program by reaching out to the admissions offices of the universities you are interested in to confirm their acceptance criteria and discuss your unique background.

Hope this resolves your query.

A B.Ed. from IGNOU may be recognized but requires additional assessments in the UK, Australia, and New Zealand.

  • UK : Assessment by UK ENIC and possibly additional qualifications like a PGCE.
  • Australia : Evaluation by AITSL and meeting state-specific criteria.
  • New Zealand : Assessment by the Teaching Council of Aotearoa New Zealand, including possible English proficiency and practical teaching requirements.

Further qualifications or training might be necessary in each country.


For migrating to Australia with a high visa success rate, both commerce and medical fields offer strong opportunities, but they differ significantly:

  1. Medical Field :

    • High Demand : Healthcare professionals (doctors, nurses, allied health) are in high demand.
    • Visa Success : Higher chances due to skill shortages.
    • PR Pathway : Clear pathways for permanent residency.
    • Career Options : Wide range of opportunities with good pay.
  2. Commerce Field :

    • Opportunities : Demand for accountants, finance professionals, and business analysts.
    • Visa Success : Good, but dependent on specific roles and skill shortages.
    • PR Pathway : Viable but might require additional qualifications or experience.
    • Career Options : Diverse opportunities in finance, business, and management.

Choose based on your interests, skills, and long-term career goals.

hope this helps you!!

Hy,

Studying veterinary courses in Australia and securing a scholarship can be an excellent opportunity. Here’s a guide on how to pursue veterinary studies in Sydney and find scholarships:

Choosing a Veterinary Program in Sydney

Several universities in Sydney offer veterinary programs, including:

  • University of Sydney : Offers a Doctor of Veterinary Medicine (DVM) program.
  • University of New South Wales (UNSW) : Offers related programs but does not have a veterinary program. Check for related courses or alternative pathways.
  • Western Sydney University : Offers a Bachelor of Veterinary Science.

Applying to Universities

  • Research Programs : Visit the websites of these universities to understand their veterinary programs, entry requirements, and application deadlines.
  • Meet Entry Requirements : Ensure you meet the academic and English language requirements for the veterinary programs. This usually includes high school qualifications, English proficiency tests like IELTS or TOEFL, and sometimes an interview or entrance test.

Scholarships

University-Specific Scholarships

  • University of Sydney : Offers scholarships for international students, such as the Sydney Scholars Program. Check their scholarships page for specific awards related to veterinary science.
  • Western Sydney University : Offers various scholarships for international students, including those for specific programs or merit-based scholarships.

External Scholarships

  • Australian Government Scholarships : Look for scholarships offered by the Australian government, such as the Australia Awards Scholarships, which cover tuition fees, living costs, and other expenses.
  • Private and Non-Governmental Organizations : Various organizations offer scholarships for international students. Websites like Scholarship Portal, Study in Australia, and the DAAD (German Academic Exchange Service) often list opportunities.

Applying for Scholarships

  • Identify Opportunities : Start by identifying scholarships that you are eligible for. This can include university-specific scholarships, government scholarships, and private scholarships.
  • Prepare Documents : Common requirements include academic transcripts, proof of English proficiency, letters of recommendation, and a personal statement or essay.
  • Submit Applications : Follow the application process outlined by the scholarship provider. Be mindful of deadlines and ensure all required documents are submitted accurately.

Additional Tips

  • Contact University Admissions : Reach out to the admissions office of the universities you are interested in for guidance on scholarships and the application process.
  • Stay Organized : Keep track of scholarship deadlines and requirements to ensure you don't miss any opportunities.
  • Prepare Financially : Even with a scholarship, you may need to cover some expenses. Plan your budget accordingly.

Useful Resources

  • University Websites : For specific scholarship information and application procedures.
  • Study in Australia Website : For comprehensive information about studying in Australia, including scholarships.
  • Scholarship Portals : Websites like Scholarship Portal and Studyportals for finding scholarships and financial aid.

By carefully researching programs, preparing your application materials, and applying for scholarships, you can enhance your chances of securing funding for your veterinary studies in Sydney.

If you have completed a master's degree in the UK, you might still need to take the IELTS test to qualify for a Permanent Residency (PR) or Work Visa in Australia. While your degree from an English-speaking country like the UK may demonstrate your proficiency in English, Australian immigration authorities typically require a standardized English language test score, such as IELTS, to assess your language skills formally.

For better guidance, Invicta Institute can provide you with detailed information and assistance regarding the specific English language requirements for Australian PR or Work Visa applications. Invicta's experienced counselors can help you navigate the process and determine if your UK degree suffices or if you need to take the IELTS test.

Back to top