Key Highlights
- Why Pursue MBA in Australia?
- Latest Facts and News:
- Benefits of Choosing Australia for an Affordable MBA?
- Top 10 Cheapest MBA Programs in Australia for International Students
- Factors Affecting MBA Costs in Australia
- Admission Requirements for Affordable Australian MBA Programs
- Scholarships for International MBA Students in Australia
- Career Prospects After Completing an Affordable MBA in Australia
- Conclusion
Why Pursue MBA in Australia?
Here are a few reasons why one should pursue the cheapest MBA in Australia for International students:
1. High Quality Education
2. Post Study Work Prospects
3. Global Recognition
4. Networking Opportunities
5. Affordable Education
6. Innovative Programs
Latest Facts and News:
• Australia ranked 4th most popular student destination globally in 2024
• 5 Australian universities in QS World Rankings 2024 top 50
• Over 20,000 international students pursuing MBA in Australia this year
• Average MBA fee for international students in 2024: AUD 69,186
Benefits of Choosing Australia for an Affordable MBA?
Here are a few key benefits of choosing the cheapest MBA in Australia for International students:
1. Affordable Education
The cheapest MBA in Australia for International students provides quality education at affordable rates. The annual tuition fees in Australian universities are lower than those of other institutes in the U.K. or USA. Australian universities make quality education affordable for international students.
2. High-Quality Education
The cheapest MBA in Australia for International students is provided by the top universities in the country. These universities maintain a high standard of education, and their degrees are globally recognized. This gives the student's degree more credibility and enhances their career paths.
3. Scholarship Available
Many Australian universities provide scholarships and grants for the cheapest MBA in Australia for International students. These scholarships offer financial aid to international students, which can help reduce their tuition fees and living costs. It reduces the financial burden on students.
4. Post Study Work Opportunities
The cheapest MBA in Australia for International students unlocks opportunities for various job prospects after completing their education. The course offers students practical and theoretical knowledge, making them more employable. The students get numerous job opportunities in various working sectors of Australia after completing their MBA.
Also Read: Expression of Interest Australia: Expert Guide & Tips 2024
5. Quality of Life
Australia is well-renowned for providing a good quality of life to its citizens. The country offers a high standard of living with excellent healthcare & education facilities. Apart from that, the country has a very low crime rate, which ensures a safe environment and a better lifestyle for people.
Top 10 Cheapest MBA Programs in Australia for International Students
Here’s a list of universities providing the cheapest MBA in Australia for International students. The list also provides insight into the annual tuition fees of each university along with course duration:
|
University |
Course Duration |
Annual Tuition Fees per year (AUD) |
Annual Tuition Fees per year (INR) |
|
University of Tasmania |
1.5 to 2 years |
AUD 30,000 |
INR 16,41,626 |
|
University of South Australia |
1.5 to 2 years |
AUD 32,000 |
INR 17,51,068 |
|
University of Western Australia |
1.5 to 2 years |
AUD 34,000 |
INR 18,60,510 |
|
Griffith University |
1.5 to 2 years |
AUD 35,000 |
INR 19,15,231 |
|
University of Newcastle |
1.5 to 2 years |
AUD 36,000 |
INR 19,69,951 |
|
La Trobe University |
1.5 to 2 years |
AUD 37,000 |
INR 20,24,672 |
|
Macquarie University |
1.5 to 2 years |
AUD 38,000 |
INR 20,79,393 |
|
University of Technology Sydney |
1.5 to 2 years |
AUD 39,000 |
INR 21,34,114 |
|
Deakin University |
1.5 to 2 years |
AUD 40,000 |
INR 21,88,835 |
|
Monash University |
1.5 to 2 years |
AUD 42,000 |
INR 22,98,277 |
Note: The tuition fee is the approximate cost and may vary.
Factors Affecting MBA Costs in Australia
Here are a few factors affecting the costs of the cheapest MBA in Australia for International students:
1. Tuition Fees
Prestigious and famous universities may have higher tuition fees than smaller universities. The universities with higher reputations have additional costs for courses and their facilities. This can affect the cost of the cheapest MBA in Australia for International students.
2. Cost of Living
The cost of living and expenses are higher in major cities such as Sydney or Melbourne than in smaller towns. The costs in bigger cities are higher for accommodation, food and transportation. All these factors impact the costs of the cheapest MBA in Australia for International students.
3. Scholarships & Financial Aid
Scholarships and financial grants can reduce the cost of the cheapest MBA in Australia for international students. The financial help can cover the charges of tuition fees as well as living costs. This can influence the total living expenses.
4. Lifestyle Choices
Personal lifestyle choices and habits can make a huge difference in the costs of the cheapest MBA in Australia for International students. Participation in extracurricular activities or hanging out with friends can add up to the overall living expenses of students.
5. Books and Supplies
The required course books and stationery supplies can add to the total expenses. This can create a significant difference in the costs of the cheapest MBA in Australia for International students.
Also Read: MBA In Australia for Indian Students in 2024: Latest Guide
Admission Requirements for Affordable Australian MBA Programs
Here’s an overview of the admission requirements for the cheapest MBA in Australia for International students.
1. Educational Qualification
A bachelor’s degree is essential for admission to top MBA colleges in Australia. The degree must be from a good institution that is globally recognized.
2. English Language Proficiency
English proficiency tests such as IELTS or TOEFL are required for pursuing education at top MBA colleges in Australia. A minimum score of 79-90 is required for TOEFL, whereas a score of 6.5-7.0 is required for IELTS.
3. GMAT/GRE Scores
Many top MBA colleges in Australia require GMAT or GRE scores for admission. The average score accepted is around 550-600 for these exams.
4. Student Visa
A valid student visa is required for the duration of the course. This is mandatory for pursuing the cheapest MBA in Australia for International students. There’s an immigration interview process that students need to clear to get their visa approval.
5. Interview Process
Most universities conduct interviews before selecting students. Cracking the interview round is crucial for pursuing the cheapest MBA in Australia for International students.
Also Read: Immigration To Australia: Everything You Need To Know
Scholarships for International MBA Students in Australia
Several scholarships are available for pursuing the cheapest MBA in Australia for International students. These scholarships can reduce the financial burden of students:
1. Government- Funded Scholarships
The Australian government offers many scholarships for Indian students to study in Australia. It’s available for all the MBA courses offered by various universities. It makes education and living affordable for international students in Australia. There are scholarship programs such as Australia Awards Scholarships, Endeavour Postgraduate Scholarships, Rotary Peace Fellowships, etc., available for international students.
2. Private Scholarships
Private scholarships include the Westpac Future Leaders Scholarship and Commonwealth Bank of Australia Scholarships. These scholarships are provided to students across various fields, such as business, finance and technology. These scholarships support the living of international students. It gives financial support for tuition fees.
3. University Specific Scholarships
University-specific scholarships are provided to students who excel in academics. It’s available for the cheapest MBA in Australia for International students. Students who have performed extraordinary in sports, dance, and other social engagements are also eligible for these scholarships. Institutes such as the University of Melbourne, the University of Sydney, Monash University, etc., provide these scholarships.
Career Prospects After Completing an Affordable MBA in Australia
|
Profession |
Salary (per year) |
Salary (per year) |
|
Management Consulting |
AUD 80,000 - 150,000 |
INR 44,47,654 - 83,39,720 |
|
Financial Services |
AUD 90,000 - 150,000 |
INR 50,01,933 - 83,39,720 |
|
Marketing and Sales |
AUD 80,000 - 120,000 |
INR 44,47,654 - 66,71,776 |
|
Entrepreneurship |
Depends on business and profits |
Depends on business and profits |
|
Human Resources |
AUD 80,000 - 120,000 |
INR 44,47,654 - 66,71,776 |
|
Technology Management |
AUD 90,000 - 150,000 |
INR 50,01,933 - 83,39,720 |
|
Healthcare Management |
AUD 80,000 - 120,000 |
INR 44,47,654 - 66,71,776 |
|
Operations Management |
AUD 90,000 - 140,000 |
INR 50,01,933 - 77,83,529 |
Note: These numbers are based on the latest research by our team members.
Read More: Top 10 Best Country To Study MBA in 2024 Guide
Conclusion
Pursuing the cheapest MBA in Australia for International students can open pathways for many career opportunities. The course can help students grow professionally and personally. The MBA course provides jobs in various sectors such as finance, IT, Marketing, etc. It can also help students to start their entrepreneurship ventures. Apart from that, various scholarship opportunities can help students pursue high-quality education at affordable tuition fees. All these factors make Australia a top destination for students pursuing an MBA abroad. To easily pursue an MBA in Australia for Indian Students, you can contact TerraTern for assistance moving to Australia as soon as possible. With expertise in immigration services, TerraTern can help you get there in easy ways!
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