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Average MBA fees in Australia range from AUD 48,000 to 85,000 (₹26–₹47 lakh) per year. But that’s just the tuition! When you include living expenses, health insurance, and pre-departure costs, the total cost of studying rises to AUD 50,000 to 81,000 (₹36.5–₹59.5 lakh) per year.

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 down the cost of MBA in Australia further to make things easier:

• The MBA fees in Australia typically range from  AUD 48,000 to 85,000  per year, which is approximately ₹26–₹47 lakh per year.
• In addition to tuition, living expenses come to around AUD 20,000 per year, or ₹11 lakh per year.
• Health insurance (OSHC) costs between AUD 600 and 3,500 per year, which equals roughly ₹35,000 to ₹2 lakh per year.
• The student visa fee is about AUD 630, translating to approximately ₹35,000.
• Students should also budget for pre-arrival costs, including tests and flight tickets, which range from AUD 2,000 to 3,000, or around ₹1.2 lakh to ₹1.8 lakh.

When planning for an MBA in Australia, the type of program you choose plays a big role in determining your MBA fees. Whether you’re targeting a general MBA, an Executive MBA, or a specialised MBA, each program comes with varying tuition costs. 

To make it simpler, here’s a breakdown of MBA fees in Australia based on program types:

The average tuition fee for an MBA in Australia ranges between AUD 48,000 to 85,000 (approximately ₹26 - ₹47 lakh) per year. 

While MBA fees in Australia 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. 

Let's take a look at MBA fees at the top universities 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.

Cost of MBA In Australia: Pre-Arrival Expenses

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:

2. Air Tickets

Several factors influence airfare to Australia, including where you depart from and arrive, the airline you choose, flight timing, booking platform, number of stops, and travel season. The overview below gives you a clear idea of the expected costs. 

Cost of MBA In Australia: Post-Arrival Expenses

Living expenses significantly impact the post-arrival cost of studying an MBA in Australia. These costs vary depending on your lifestyle and spending habits.

As an international student, you can expect to spend up to AUD 20,000 per year (INR 11,20,000) on living expenses.

The table below breaks down your estimated monthly costs:

Other Essential Costs 

With the above in mind, along with MBA fees in Australia, there are also other essential costs you need to consider. 

Below are some of the key expenses you will incur while pursuing an MBA in Australia.

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 cost of processing admissions. While most MBA universities in Australia have now eliminated this fee, a few still require it. The application fee at MBA colleges in Australia is typically around AUD 133 (INR 6,900).

3. Overseas Student Health Cover

International students should have overseas student health coverage to access healthcare in Australia. The cost of health insurance in Australia ranges 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.

Securing a 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 us look at some scholarships to help you tackle the Australian MBA fees 

Applying for an MBA in Australia is straightforward if you know the steps. Here's a simple step-by-step process to apply for an MBA in Australia:

1. Choose Your Program and University: Research MBA programs and pick the one that suits your goals. Compare MBA fees in Australia, specialisations, and career outcomes before deciding.
2. 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).
3. Prepare Essential Documents: Gather the essentials like Academic transcripts, updated CV, Statement of Purpose (SOP), Letters of Recommendation (LORs), Test scores (GMAT, IELTS, etc.)
4. Submit Your Application Online: Visit the university’s website and complete your application form. Double-check for accuracy before hitting submit!
5. Pay the Application Fee: Most universities charge an application fee, usually between AUD 100 and 200 (₹5,600–₹11,200).
6. 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.
7. Receive Your Offer Letter: If selected, you’ll receive an offer letter. Accept it by following the instructions and paying the required deposit.
8. 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.
9. Plan Your Travel and Accommodation: Book your flights and arrange accommodation. You’re all set for an exciting MBA journey in Australia!

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 СÓÅÊÓƵ 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.