Last Updated: March 08, 2022
Affordable MBA programs in Australia
MBA degrees are one of the most popular degrees in the international job market and since it is a professional degree, most aspirants wish to study the degree abroad. While planning to study abroad, the factors that students consider include the quality of education offered by the institution, the specializations offered, and most importantly, the fee structure of the program. Australia mainly offers students the option of a general MBA, specialized MBA, and a professional MBA from which students can choose what suits their interests best.
One of the best places students can take an MBA degree from is Australia considering the credibility of the degree everywhere in the world and the laid-back environment the country offers to international students. The programs offered in Australia generally tend to be on the expensive side even though the duration of the program often does not exceed 1.5 years. Students who complete the MBA program in Australia will sometimes be allowed to stay for 2 more years in the country as part of a work arrangement. The best affordable MBA programs that international students can do in Australia have been listed below.
Cost of Pursuing an MBA Degree in Australia
MBA programs in Australia are highly in demand among international students due to the quality of education and experience that students stand to gain by studying in the country. But at the same time, the MBA programs offered in Australia are not relatively cheaper when compared to countries like the US. Since the degree is expensive, students often have to keep an eye out for affordable programs if they wish to take an MBA degree from Australia. While the average annual cost for international students to study MBA ranges from 45,000 AUD to 822,000 AUD, students will be able to study for a cost as low as 15,000 AUD depending on the business school they choose.
The tuition fee for the best affordable MBA programs in Australia is-
|Holmes Institute||AUD $20,000||1.5 years|
|Central Queensland University||AUD $24,000||1.5 years|
|Charles Darwin University||AUD $16,500||2 years|
|University of New England||AUD $15,500||1.5 - 2 years|
|James Cook University||AUD $28,000||1.5 years|
|Victoria University||AUD $32,000||2 years|
|Southern Cross University||AUD $30,000||2 years|
|University of the Sunshine Coast||AUD $27,000||1 - 1.5 years|
|Edith Cowan University||AUD $32,000||2 years|
|Western Sydney University||AUD $16,000||2 years|
Top Affordable MBA Programs in Australia
The best affordable MBA programs in Australia are as follows-
The MBA program at Holmes Institute has a duration of 1.5 years only and is provided for students both with and without work experience. Students will be learning topics like accounting for business decisions, finance for business, economics for business, marketing management, management of organization, competitive strategy, statistics & research methods, and business research as part of the core units. They will also be able to take up to 4 electives which are dependent on the specialization the candidate chooses to take as part of their MBA. The specializations offered include accounting and international business.
The fee for the MBA program at Holmes Institute is 9,800 AUD per trimester and 29,400 AUD for the entire program.
Central Queensland University
This university offers an MBA Leadership program, MBA program, and an MBA Global program out of which the Leadership program is the most cost-effective program they offer and it is offered online. The offline MBA program they offer has a duration of 1.5 years and focuses on areas like strategy, marketing, people management, operations management, economic & change management, etc. Students will also have to major in a field that suits their interests. The majors provided include emergency management, forensic analysis, general management, and project management.
The fee per year for the program is 24,000 AUD.
Charles Darwin University
This university offers MBA programs specializing in sustainable leadership and sustainable enterprise. The course duration for the program is 2 years if done on a full-time basis. The program has a credit point requirement of 160 in all. The subjects taught include CSR strategy, designing & implementing sustainability initiatives, sustainability disclosure, etc. The electives offered include global megatrends, resilience management & leadership, sustainable entrepreneurship, finance, investment, & sustainability, etc. They will also be able to choose from discipline-focused electives like accounting principles, management accounting, aspects of corporate finance, corporate law, commercial law, and business statistics.
The fee for the program for international students is 33,000 AUD which amounts to around 4,000 AUD per 10-credit point.
University of New England
The MBA International program they offer has a duration of 1.5 years to 2 years if done on a full-time mode. The core courses include accounting, entrepreneurship, managerial finance, international business, economics for management, international trade & finance, international political economy, project management, advanced organizational behavior, etc. Candidates are supposed to complete 96 credits to complete the program.
The fee for the program is 31,000 AUD for international students.
James Cook University
The duration of the MBA program offered at James Cook University is 1.5 years. Students will learn core subjects like sustainable enterprise, corporate strategy, innovation & entrepreneurship, data analysis, decision modeling, managerial accounting, leadership futures, applied research project, etc.
The fee for the program is 28,000 AUD per year.
The Professional MBA program offered by Victoria University has a duration of 2 years in all if done on a full-time mode. Students will have to earn 192 credit points to complete the program where 48 points are dedicated to college core units, 24 for business core units, 84 for professional core units, and 36 for research units. The subjects they have to study include accounting for management, data analysis for business, business economics, work & organization systems, financial analysis, marketing management, business ethics & sustainability, etc. Students will be able to either do an internship or take a study tour as part of their elective.
The fee for the program is 16,000 AUD per semester for international candidates.
Southern Cross University
The MBA program has a duration of 2 years and is offered at Gold Coast, Melbourne, Perth, and Sydney. Students are required to complete 192 credit points to earn the degree which will comprise 12 core units and 1 specialization of 2 equivalent elective units. The specializations offered include accounting and managing & leading people. The subjects that candidates have to learn to include management communication, business analytics, organizational behavior, accounting for managers, finance, strategy & case analysis, etc.
The fee for the program ranges between 30,000 AUD to 34,000 AUD per year for international applicants.
University of the Sunshine Coast
This program is offered both in online and offline modes and has a duration of 1.5 years. The course can also be completed in 1 year as an accelerated program. Students will learn subjects like evidence-based decision making, finance & accounting for managers, innovation management & professional development, leading & managing organizations, strategy, governance & ethics, etc. The electives offered include economics, accounting & finance, entrepreneurship & innovation management, global business, management, marketing, information & communications technology, etc.
The tuition fee for the program is 27,000 AUD per year for international students.
Edith Cowan University
The MBA program offered has a duration of 2 years when done in a full-time mode. Students will be learning about concepts like managing people, marketing leadership, responsible management, leadership & change, big data, analytics, business decision making, etc. The specializations that students can choose from include cyber security studies, finance, design thinking, people & culture, marketing, project management, professional internship, information systems, hospitality management, etc.
The fee for the program is 32,000 AUD per year for international students.
Western Sydney University
The MBA program here has a duration of 2 years when done in the full-time mode and 4 years when done part-time. Students will be able to choose from 10 different majors like business analytics, finance & management, human resource management, property, management, marketing, sustainable management, etc.
The fee for the program is 32,000 AUD for international students.