Cheapest MBA in Australia for Indian students: An MBA degree from Australia can help one climb the career ladder faster but it certainly comes at a considerable cost.
Although high tuition costs worry domestic students, for international students, these worries double up just like the overall cost of an MBA program in Australia. Students need to consider not only the tuition fee but also the cost of living, transportation costs and so on. That said, Indians can now pursue an MBA at some of the cheapest MBA colleges in Australia.
Refer here to find the cheapest universities in Australia for MBA, their annual tuition fees, and entry requirements. Students can also explore the top 10 MBA specialisations to study in Australia, and the 10 highest-paying jobs after completing MBA in Australia.
Want to study in Australia? Our study abroadexperts can help youexplore some ofthe best MBA courses and universities in the country.
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Advantages of MBA in Australia
Studying in the cheapest MBA colleges in Australia can help international students significantly and focus on their learning experience. Some of the advantages of completing an MBA in Australia are discussed below briefly:
International Recognition
As an MBA graduate from Australia, international students will be able to apply for jobs in other countries as well, including their home countries. The preceding positive reputation will not only help students in accessing the best opportunities but will also allow them to negotiate the best-working terms for themselves.
Numerous MBA Specialisations
There are various specialisations made available by the cheapest MBA in Australia for international students. They can easily shortlist various colleges for any specialisation. As the majority of MBA colleges in Australia are highly reputed, students will be able to choose the best for their careers. Over 20 specialisations are available for MBA courses in Australia, including the popular ones like HR Management and Marketing, and some unique ones, like Sustainable Development and Fashion and Luxury Brand Management.
Holistic Development of Skills
MBA courses in Australia are not designed only to hone management skills and other concepts relevant to the specialisation chosen. They also focus on soft skills development. MBA courses in the country aim to imbibe skills like communication, leadership, motivation, interpersonal skills, etc. in students throughvarious, individual and group assessments and projects.
Opportunities to Study and Work
International students in Australia are allowed to work for up to 20 hours per week according to their student visa. They can manage both education and living expenses by making their own income through part-time jobs. There are various types of part-time jobs available in Australia for international students. Moreover, the cap is only on the work hours and not on income.
Better Professional Network
MBA colleges in Australia not only devout highly qualified faculty to teach their students, but they also conduct various seminars, field visits, practical learning experiences, and internships, for students to learn from accomplished personalities of their specialisations. International students are encouraged to connect with alumni to learn about their career trajectory and decision-making process. These activities and accessibility allow students to gain a clear insight into real-life situations. Moreover, they are able to build a strong network with established individuals in the field, which can help them in their future careers.
Cheapest Universities in Australia for MBA
The MBA in Australia cost for international students can range anywhere between AUD 50,000 and 822,500. The annual tuition fee is dependent on varying factors including university, specialisation, number of credits (if any), region, amenities and equipment, etc. International students who cannot afford high tuition fees can opt for cheaper MBA colleges in Australia.
Here are some of the cheapest MBA colleges in Australia listed along with their annual tuition fees.
|
MBA College in Australia |
Annual Tuition Fees (in AUD) |
|
33,360 |
|
|
30,000 |
|
|
32,100 |
|
|
29,200 |
|
|
29,400 |
|
|
IIBIT |
28,800 |
|
28,160 |
|
|
47,880 |
|
|
34,400 |
|
|
47,040 |
|
|
University of Sunshine Coast |
27,800 |
|
46,500 |
Eligibility Criteria for MBA in Australia
nternational students applying to MBA colleges in Australia have to fulfil certain eligibility criteria. These are:
-
Bachelors Degree: A three or four-year bachelors degree is a must for any international applicant. The degree must have been acquired from a recognised university in the country.
-
GPA: A good Grade Point Average to study in Australia is within the range of 2.3-3.2 on a 4.0 scale.
-
GMAT: GMAT scores of 500-600 are the common requirements for international students to apply for admission to MBA colleges in Australia. Some b-schools accept the GMAT scores between 400 and 500 as well.
-
GRE: Many universities accept GRE scores as an alternative to GMAT scores. The minimum requirement is either mentioned by the university or a GRE score equivalent to mentioned GMAT score is expected. Also, a higher GRE quant score is required.
-
English Proficiency Tests: Popular English proficiency tests such as IELTS, PTE, TOEFL or Duolingo scores are accepted.
-
MBA SOP: Although not expressly required, MBA colleges in Australia expect international students to submit an MBA SOP stating their motivations to join the course along with their future goals.
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Application Essay: Additional application essays are a common requirement among MBA colleges in Australia. They may ask for essays on question prompts or suggest topics for application essays to choose from.
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LORs: The majority of MBA colleges in Australia require applicants to submit at least two letters of recommendation for admission.
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Work Experience: A work experience certificate in a relevant job profile is a common requirement for admission to MBA colleges in Australia. International students are asked to present work experience of 2-5 years.
Top 10 MBA Specialisations for International Students in Australia
There are various MBA specialisations which can be studied in Australia. Some of the most popular MBA specialisations to study in Australia are as follows:
|
MBA Specialisation |
Description |
|
E-Commerce |
The specialisation deals with incorporating the concepts and digital commercialisation into the working of an organisation. |
|
Finance |
The study of financial concepts, its flow management, and how to make it earn for the organisation. |
|
Human Resource |
The branch deals with the management of the most important and complicated resources of the organisation. |
|
Internal Business Management |
It is based on ensuring a cohesive and coordinating environment within the business organisation. |
|
International Business |
The concept is to expand and establish the business an international trade and commerce. |
|
IT Management |
The involvement of IT in business organisations and its management techniques are taught in this specialisation. |
|
Marketing |
The concepts of product marketing and establishing the organisation as a brand. |
|
Strategy and Leadership |
The core tools required to manage an organisation and its various functions are studied in depth. |
|
Supply Chain Management |
The ways to manage the supply flow to create a consistent market for the organisation. |
|
Tourism Management |
The specialisation deals with the importance of tourism to an economy and how to manage and develop it into a flourishing business. |
Cost of Living in Australia for International Students
Life as an international student in Australia involves various expenses apart from tuition costs, such as rent, hydro (electricity), internet, telephone, etc. The average monthly living costs in Australia are AUD 1,000-1,400. Here are some of the identifiable living costs in Australia along with their monthly expenditure:
|
Living Expenses in Australia |
Approx. Amount (in AUD) |
|
Accommodation Rent (monthly) |
85-400 |
|
Food and Groceries (monthly) |
400-750 |
|
Clothing and Other Necessities (monthly) |
100-500 |
|
Internet and Telephone (monthly) |
60-120 |
|
Electricity (monthly) |
40-80 |
|
Travel Expenses (monthly) |
100-250 |
|
Entertainment (monthly) |
500 |
|
Medical Expenses or Other Emergencies (one-time) |
450-1050 |
|
Miscellaneous (monthly) |
400-900 |
10 High Paying Jobs After MBA in Australia
If international students wish to pursue a career in organisational networks, here are 10 high-paying job opportunities after MBA in Australia along with the average annual salary:
|
Job Profiles |
Average Annual Salary (in AUD) |
|
Business Analyst |
106,773 |
|
Business Development Manager |
100,000 |
|
Entrepreneur |
93,837 |
|
Financial Advisor |
99,684 |
|
Industry Specialist |
180,000 |
|
General Manager |
180,000 |
|
Human Resource Manager |
118,500 |
|
Marketing Manager |
110,000 |
|
Product Manager |
120,000 |
|
Sales Manager |
102,865 |
Source: Glassdoor.com & Indeed.com
MBA is among the most popular master's courses with the highest possible ROI. International students can benefit significantlyby applying to the cheapest MBA colleges in Australia. Moreover, Australia is a hub of heavy industrial sectors and profitable sectors. Students can learn through insights into the economy and use their know-how to flourish further in their careers. Students are advised to research properly about the universities, specialisations, course curricula, etc. before applying for an MBA in Australia.
Reach out to study abroad experts who have a large database of top-notch MBA colleges in Australia. You can write to us at abroad@collegedekho.com.
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