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Cheapest MBA Programs in Australia

Written by  Piyush Bhartiya, MBA

Published on Mon, September 9, 2019 12:30 PM   Updated on Sun, September 27, 2020 8:33 PM   6 mins read
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Australia is always in demand when it comes to education. Australia makes sure that the education that it provides is of high quality, and hence, it attracts even more students. Students automatically favor Australia, as they promise to give the best. As is the case with almost all countries, some courses are preferred over the other. In Australia, Management comes in the first five PG courses. Management receives at most attention in Australia, and this is internationally known. The popularity of management is global, and even the industries accept it.

But all international students have one problem in common. “The budget.” It encloses all things, including the cost of living and tuition fees. The cost of living is low in Australia, as compared to other English speaking countries, but the fee is not different.

The fee, in some colleges of this country, is undoubtedly lower, and some colleges also offer a scholarship. Other than scholarship, the colleges also expect you to take up some part-time job, so in that manner, there will be some relief. International students can work for around 20 hours per week, and the average pay is around 18-19 AUD per hour.

Top University/College

Australia is a multicultural country and therefore has seen a lot of international students. The country takes in students in three different times of the year:

  • February
  • July
  • November 

The slot for admission in November is only applicable for a few colleges. Below is a list of colleges that you can opt for. if you wish to pursue an MBA in a reputed, yet affordable university. You can explore these colleges, and find out which is the best fit for you. You may also find a few colleges that do not ask for any GMAT score, so venture those as well. Make sure that you do your research well, as this makes up your future.

Kaplan Business School15,375.007,39,383.75
Holmes Institute17,600.008,46,384.00
Charles Darwin University20,560.009,88,730.40
Edith Cowan University20,600.009,90,654.00
Victoria University20,940.0010,07,004.60
Central Queensland University21,355.0010,26,961.95
Federation University21,400.0010,29,126.00
University of Southern Queensland21,520.0010,34,896.80
Southern Cross University21,904.0010,53,363.36
University of Sunshine Coast22,000.0010,57,980.00
James Cook University22,500.0010,82,025.00

Online Courses

Apart from that, you can also go for online classes. Online classes are offered on a part-time basis, and usually, have a duration of 2 years. The list below shows the Universities which offer such online MBA courses.

RMITAUD 4,120 per unit X 12 Units
James Cook UniversityAUD 3,188 per unit X 12 Units
Victoria University OnlineAUD 3,350 per unit X 12 Units
Southern Cross UniversityAUD 2,590 per unit X 8-16 Units


If you are interested to study MBA in Australia at a lower cost, you must apply for scholarships. Almost all colleges in Australia offer scholarship plans. Not all colleges give a full scholarship, but they certainly have scholarship deals. You can also check for scholarships in your own country. You can also search for some organizations that offer a scholarship in Australia. 

Some of the popular scholarships that are available for students who desire to study MBA in Australia are:

  • Central Sector Scheme of National Overseas Scholarship for SC 
  • Dr. Abdul Kalam International Undergraduate Scholarship- Engineering Honors & Information Technology
  • Deakin India 10 percent Bursary- MBA, Sports Management, International Finance & Commerce
  • Macquarie University Tuition Fee Grants for Indian Students- MBA

All of these scholarships are really useful, though they have some criteria that must be fulfilled.

Top Colleges for MBA 

There are colleges that rank higher in the chart for an MBA, also have a slightly higher fee scale. But a lot of these offer scholarships. If you have a good test score, and your grades are also up to the mark, then you must apply to the colleges listed below.

Among these colleges, there are a few which also offer a full scholarship, which might help a lot in your case.

  • Melbourne Business School, The University of Melbourne
  • AGSM MBA, University of New South Wales
  • College of Business and Economics, Australian National University ANU
  • La Trobe Business School, La Trobe University
  • Monash Business School, Monash University
  • UQ Business School, University of Queensland
  • Sydney Business School, University of Wollongong
  • Macquarie Graduate School of Management, Macquarie University
  • Graduate School of Business and Law, RMIT University
  • UWA Business School, University of Western Australia

Colleges/Universities by Time Duration

For some candidates, time also matters. The cost of living can be a great factor for your study in some foreign land. If such is your case, the table below should help you.

College/UniversityTime Duration
Melbourne Business School16 months
Macquarie University1 Year
University of Tasmania1.7 years
University of Canberra2 years
Australian National University1.5 years
Monash University2 years
Bond University1 year
University of Western Australia16 months
University of Technology, Sydney2 years
Central Queensland University1-2 years

You must remember to compare all the colleges before applying. There are a few colleges that may offer education at a lower cost but the cost of living there may be high. The colleges which offer scholarships also offer them under strict conditions and at all places, your grades matter.

Few colleges in Australia also look for work experience and may also ask you to have some specifics. You may find Colleges which do not need any GMAT score but do your research thoroughly. Search for ways in which you can broaden your sources, and always remember that a guide would be your best partner in such a case. Studying in Australia can be heavy on your wallet, but it will decrease as you proceed.


Is Australia good for MBA?

Ans. Top cities in Australia like Melbourne and Sydney have
exceptionally credible universities with Melbourne Business School being one of the B-schools in the World.

Is Australia a Safe Country?

Ans. Australia is a safe country for students. Compared to most of the developed countries, incidents of violence or crimes against students are a rare occurrence.

What exams are needed for MBA?

Ans. Students have to pass additional tests before they can be considered for admissions. These range from the standardized graduate and college admission tests such as GRE, GMAT, and SAT to English Language tests, such as TOEFL and IELTS

How can I apply for a student visa?

Ans. You can apply for a Student visa online and you have to submit important documents

About the Author & Expert


Piyush Bhartiya

Author • MBA • 20 Years

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world's # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

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