The land of kangaroos is much more than just its breathtaking landscapes and faunas. Australia with its growing range of top-ranking global universities comes right after US and UK for the best place to study. An increasing number of Indian students are opting to pursue MBA from Australian Universities due to its cost-efficient tuition fees and practical exposure to the job market. However, when it comes to selecting the right colleges, often the budget is a constraint that we cannot ignore. With the cost of living in Australia compared to that of USA, the tuition fee becomes a big point of differentiator which might urge you to look towards this country instead of the other hot destinations for MBA. We present a list of the cheapest MBA programs in Australia which offer you a truly International MBA experience and are light on your pockets.
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Also Read: MBA in Australia
How to choose the Most Affordable Australian Business School
As said, MBA in Australian colleges is the best you can choose for. However, here are a few things that you should keep in mind to get a list of colleges in Australia for an MBA. So here are a few things that you should keep in mind while checking out the best list of colleges in Australia for an MBA.
Search for the top MBA colleges in Australia
MBA colleges in Australia can be searched as per your preferences like the location, fee structure, previous placements and several other things that you want to have in the college of your dreams. You can either search for them from the internet or ask your acquaintances currently living in Australia. Ask them for the best MBA colleges in Australia, or if you are looking for a specific place to like Melbourne, then search for the MBA colleges in Australia Melbourne. By doing this, you can get a precise list of colleges where you can do an MBA as per your preferences.
Compare the top MBA colleges in Australia with the fee structure
The next step that you should go with is to compare the fee structure of the shortlisted colleges from the first step. For this, you can go through the college website, or talk to the office personally to get a personal assistant. Compare t fee and the facilities being provided by the college to get the best colleges in Australia for doing the MBA.
Search for the prerequisites for the admission
Once you have chosen the college from the list of top colleges in Australia, search for the admission procedure and prerequisites that you should fulfil to get selected to do the MBA from the college.
If you have just completed your graduation then opt for the MBA colleges in Australia without work experience
An important aspect to keep in mind is that some colleges offer admissions to only those candidates who have some experience. So, if you are a fresher and just completed your graduation, then make sure that you are looking for a college that is offering admission without any work experience.
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.
- 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
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 per cent Bursary- MBA, Sports Management, International Finance & Commerce
- Macquarie University Tuition Fee Grants for Indian Students- MBA
A few of the scholarships for MBA on the basis of respective colleges/universities for international students are as follows.
|ANU||ANU College of Business and Economics India Excellence Scholarship||20 students are given an amount of 6,949 USD (INR 2,60,618)|
|UTS Business School||MBA Scholarship for Outstanding Students (Commencing and Current)||1,390 USD (INR 1,04,247) to 3,475 USD (INR 2,60,618)|
|UQ Business School||MBA Student Scholarship||25% tuition fee waiver|
|UON Faculty of Business and Law||International Excellence Scholarship (India); South Asia Business and Law Scholarships||8,867 USD (INR 6,65,007) to 41,700 USD (INR 31,27,416)|
|Sydney Business School||UOW Postgraduate Academic Excellence Scholarship||10% to 30% tuition fee|
|Melbourne Business School||MBS Scholarships||Varies|
|Monash Business School||Monash MBA International Women in Leadership Scholarship||16,679 USD (INR 12,50,891)|
|Australian Graduate School of Management||AGSM Global Reach Scholarship and AGSM Excellence Scholarship||Varies|
|Melbourne Business School||Kraft Heinz Scholarship||31,221 USD (INR 23,41,512)|
Top 10 Cheapest MBA Programs in Australia
As many of the Australian Universities are government-funded, you can easily find low tuition fees universities. Below are some of the universities with the cheapest MBA Programs in Australia on the basis of tuition fees for international students:
|Name of College/University||First-Year Tuition Fee in AUS $||First-Year Tuition Fee in INR|
|Kaplan Business School||15,375||7,39,383.75|
|Charles Darwin University||20,560||9,90,654.00|
|Central Queensland University||21,355||10,26,961.95|
|University of Southern Queensland||21,520||10,34,896.80|
|Southern Cross University||21,904||10,53,363.36|
|University Sunshine Coast||22,000||10,57,980.00|
|James Cook University||22,500||10,82,025.00|
Affordable Colleges/Universities by Time Duration
For some candidates, the duration of their program session is an important aspect of choosing their college. 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.
|Melbourne Business School||16 months|
|Macquire University||1 year|
|University of Tasmania||1.7 years|
|University of Canberra||2 years|
|Australian National University||1.5 years|
|Monash University||2 years|
|Bond University||1 year|
|University of Western Australia||16 months|
|University of Technology, Sydney||2 years|
|Central Queensland University||1-2 years|
Also Read: Cheapest Universities in Australia
So explore these colleges, their MBA programs and find the program that would help you achieve your dreams at a cost comfortable to your pocket. If you need professional advice and assistance, our experts at Leverage Edu are just one tap away!