Cheapest MBA in Australia is provided by over 30 colleges. Australia has many top colleges and universities that offer the cheapest MBA in Australia for international students. The MBA courses in Australia are also relatively cheaper as compared to MBA courses that are offered in the US, UK, or Canada. The average cost for an MBA in colleges in Australia are AUD 25,000 – 45,000 (INR 13,51,580– 24,32,843). The tuition fees for an MBA in USA range from USD 60,000 – 90,000 (INR 49,80,864 to 74,71,296) and in UK it ranges from GBP 31,450 to 87,900 (INR 3301674 to 92,27,889). The average annual salary after cheapest MBA courses in Australia are as follows

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After doing any of the cheapest MBA in Australia for international students, you can get jobs as Marketing Manager, Sales Manager, Business Development Manager, Finance Advisor, Operations Managers and others. The above graphical representation states the job roles and their average annual salaries in MBA jobs in Australia. 69.8% students male and 30.2% students female students are enrolled to affordable MBA colleges in Australia. 

Australia also offers global internship opportunities in every intakes in Australia. This factor makes Australia a good choice for international students to choose Australia as a place to study for their MBA. The cheapest MBA in Australia colleges include University of Sunshine Coast, James Cook University, Kaplan Business School, Charles Darwin Institute and many more. To get into any of the cheapest MBA in Austrlia, you need to apply online with documents like academic transcripts, ELP scores, bank statements, LOR for Australia and others.  

Top Universities for Cheapest MBA in Australia

There are multiple universities which offer the cheapest MBA in Australia for international students. The list of universities in Australia with fee of MBA in Australia are:

Name of the Institute Courses Duration Annual Tuition Fees
Victoria University  MBA 2 years AUD 48,000 
Kaplan Business School Master of Business Administration 2 years AUD 50,400
Holmes Institute Australia MBA 1.5 years AUD 56,400
Charles Darwin University MBA in Sustainable Enterprise 2 years AUD 37,000
MBA in Sustainable Leadership 2 years AUD 37,000 
Central Queensland University MBA 2 years AUD 35,000 
Federation University MBA in Health Service Management 2 years AUD 30,660 
MBA in International Business 2 years AUD 30,660
University of Sunshine Coast MBA 2 years AUD 25,856
MBA in International Business 2 years AUD 25,856
Edith Cowan University MBA 2 years AUD 36,650
James Cook University MBA 2 years AUD 34,960

Note: AUD 1= INR 54.11 as on February 13, 2024

Salary and ROI of the Cheapest MBA Colleges in Australia

Australia is known to offer quality education at lower tuition fees. James Cook University, Edith Cowan University, Victoria University are some of the cheapest universities in Australia. Degrees from these universities have great value and global recognition. Cheapest MBA programs in Australia for international students have good ROI (return on investment) as well. On an average, the ROI ranges between 95% to 130%, and goes up to 161%. This is one of the benefits of studying cheapest MBA in Australia for Indian students. The average annual salary of MBA graduates of these universities are tabulated below

Universities  Average Annual Salary
Victoria University AUD 72,667
Kaplan Business School AUD 79,809
Holmes Institute Australia AUD 48,000
Charles Darwin University AUD 87,200
Central Queensland University AUD 73,200
Federation University  AUD 67,998
University of the Sunshine Coast AUD 80,000
Edith Cowan University AUD 74,000
James Cook University  AUD 80,000

Note: AUD 1= INR 54.11 as on February 13, 2024

MBA Scholarships in Australia for International Students

Some of the colleges in Australia also offer scholarships while studying the cheapest MBA in Australia for international students. Here is a list of some scholarships in Australia for international students offered by the list of colleges mentioned above:

University Name Scholarship Name Award Value
Charles Darwin University CDU Global Merit Scholarship 2023-2024 30% of course fee of MBA in Australia
Vice-Chancellor's International High Achiever Scholarship 50% per year
Victoria Institute VU International Scholarship 10% fee reduction
Federation University Federation University Australia Global Pathways Scholarship 20% discount on annual fees
Destination Australia Scholarship 15,000 AUD per student
University of the Sunshine Coast International Student Scholarship 15% tuition fee reduction
Edith Cowan University Western Australian Premier's University Scholarship AUD 50,000
Central Queensland University Destination Australia Scholarship AUD 15,000
Kaplan Business School High Achievers Scholarships Varies
Holmes Institue Australia Australia Awards Scholarships Full tuition fee waiver
James Cook University JCU International Excellence Scholarship 25% tuition fee reduction
JCU International Merit Stipend AUD 400 per fortnight to help assist with living expenses during the duration of study at JCU

Note: AUD 1= INR 54.11 as on February 13, 2024

Each cheapest MBA in Australia for Indian students college or institute also offers scholarships. The candidate should check and look into scholarship facilities for their desired university during admission. Candidates can also check universities for MBA in Australia without GMAT.

Student Visa for Cheapest MBA in Australia

Candidates require an Australian student visa for cheapest university in Australia for MBA. Here is a list of all the documents that are required to submit when applying for a student visa in Australia.

  • Admission offer letter
  • Confirmation of Enrollment letter
  • Proof of English proficiency (IELTS/TOEFL)
  • Genuine Temporary Entrant Statement (GTE)
  • Proof of sufficient funds/ Bank statements
  • Overseas Student Health Cover (OSHC)
  • Health Requirement
  • Character Requirement

Australia is a good choice and place to pursue study at colleges with lowest MBA fees in Australia. Australia offers good education quality and also has up-to-date facilities. Australia has some of the top colleges for MBA with cheapest MBA courses in Australia. Some colleges in Australia also offers scholarship for international students. Overall, Australia is a good place to for further education and to pursue an MBA degree.

FAQs

Ques: Is Australia a good place to pursue an MBA?

Ans: Yes, Australia is one of the top choices when it comes to doing an MBA abroad. Australia offers good education and is a nice place to stay as well. There are also many opportunities for students looking to pursue an MBA in Australia.

Ques: Is it cheaper to do MBA in Australia?

Ans: Yes, it is cheaper to pursue an MBA in Australia, compared to the USA, Canada, or the UK. The tuition fee rates are also lower in Australia.

Ques: What are the top colleges for MBA in Australia?

Ans: Some of the top colleges in Australia for MBA are Victoria Institute, Charles Darwin Institute, Kalpan Business School, Federation University, and Central Queensland University.

Ques: What is the average tuition fee for an MBA course in Australia?

Ans: The average tuition fee for an MBA course in Australia is around 25,000 – 45,000 AUD (INR 13,35,405 – INR 24,05,29)

Ques: What is the duration of an MBA course in Australia?

Ans: The duration of an MBA degree course in Australia is 1.5 – 2 years.

Ques: Are there scholarship facilities for MBA in Australia?

Ans: Yes, there are scholarships available for international students who want to pursue an MBA in Australia. Each university may also provide scholarships. The candidates should check the availability of scholarships at their desired university during the admission.

Ques: What are the requirements for admission to MBA in Australia?

Ans: The admission requirements for an MBA in Australia are a valid passport, education certificates, sufficient English language proficiency, and a valid student visa.

Ques: Is it easy to get a student visa to Australia?

Ans: Yes, getting a student visa is easy. The candidate needs to submit the required documents when applying for a student visa. The candidate has to meet all the criteria to qualify for a student visa in Australia.

Ques: Can I stay in Australia after completing my MBA?

Ans: After completing an MBA program in Australia, candidates can choose to stay back and work in Australia. They will need to apply for a work-stay visa to stay back in Australia after their MBA program.

Ques: What are the English Language proficiency requirements for Australia?

Ans: The candidates need to meet the required scores for the IELTS and TOEFL English Tests. These scores vary from college, so the candidate should check the requirements according to the college they are applying to.

Ques: What are the cheapest MBA colleges in Australia?

Ans: Some affordable options include Central Queensland University, Federation University, University of Southern Queensland, Charles Darwin University, and University of New England.

Ques: Are there scholarships available for international students pursuing an MBA in Australia?

Ans: Yes, several institutions offer scholarships for MBA programs, such as the Australia Awards, Endeavour Scholarships, and specific university-based scholarships.

Ques: How does the cost of living impact the overall affordability of studying for an MBA in Australia?

Ans: While tuition fees might be reasonable, it's crucial to consider living expenses. Regional areas generally have lower costs, making them more economical for students.

Ques: Are there any part-time MBA programs that offer a more budget-friendly option?

Ans: Yes, institutions like RMIT University and Deakin University offer part-time MBA programs, allowing students to balance work and studies.

Ques: How can international students manage finances effectively while pursuing a cost-effective MBA in Australia?

Ans: To manage finances, students can explore part-time work opportunities, avail themselves of student discounts, and carefully plan their budget to cover essentials and occasional expenses.