There are many reasons to study MBA in Australia. The country has a lot to offer students, including beautiful scenery, exciting culture, and excellent opportunities for education and career advancement.
Australia is also home to some of the world’s top business schools, meaning you can get a high-quality education if you choose to study here.
In addition, Australia’s cost of living and tuition is much lower than in other countries such as the United States or the United Kingdom. This makes it an excellent option for students looking for an affordable MBA program.
Is Australia Expensive for MBA?
No, Australia is not expensive for MBA. It is one of the most affordable countries to study MBA.
The cost of living and tuition is lower than in many other countries, making it an excellent option for students looking for an affordable MBA program.
Can we do MBA in Australia without work experience?
Most MBA programs in Australia require that students have at least some work experience. However, a few schools offer special programs for students who do not meet this requirement.
If you do not have any work experience, check out the special programs these schools offer. This will allow you to get your MBA education while still meeting the requirements for admission.
5 Best Cheapest MBA in Australia
There are many great MBA programs in Australia, but the following five schools are the cheapest options.
Each of these schools offers an excellent education at an affordable price, making them an excellent option for students looking for a quality MBA program on a budget.
#1 MBA at Holmes Institute
The City of Sydney. Credit: canva
About
This training is intended for potential managers and those who work in business or management today.
The Holmes MBA aims to teach you how to think like a business person and develop a strategy using advanced strategic thinking. You’ll be able to assess challenges and opportunities with more depth.
With a Holmes MBA, you’ll be able to apply these tools to any problem or opportunity you encounter. You will have a broad business perspective with an MBA from Holmes.
Location
Sydney, Melbourne, Brisbane, Gold Coast, Cairns
Tuition Fee / Cost (2023)
Tuition fee: $10,000 per trimester
Total course fee: $30,000
Accreditation
The course meets the Australian Qualifications Framework specifications for a Level 9 master’s degree and TEQSA Accreditation.
Duration
The Master of Business Administration is a 1.5-year course, delivered over three trimesters full-time.
Entry Requirements
Academic entry requirements:
An Australian Bachelor’s degree or equivalent; OR
An Australian Graduate Diploma; OR
An Australian Graduate Certificate or equivalent plus evidence of a minimum of two years demonstrable relevant industry experience; OR
Advanced Diploma/Associate Degree or equivalent plus evidence of a minimum of five years’ demonstrable relevant industry experience.
English Entry requirements:
Academic IELTS: Overall 6.0 with no band score lower than 5.5
TOEFL iBT (Test of English as a Foreign Language): 60-78
Courses and Structure
To meet the requirements for graduation, all students must complete 12 units.
Submit the evidence required to meet the condition(s) outlined in the Offer (if applicable)
Carefully read your offer, including the Terms and Conditions
Accept the Offer and complete the payment in the Applicant Portal
Step 5
Once you receive your electronic Confirmation of Enrolment (eCoE) from us, you can apply for an Australian student visa.
Official Website: https://www.kbs.edu.au/
#3 MBA Sustainable Enterprise at Charles Darwin University
Darwin Waterfront. Credit: canva
About
This course will teach you what you need to know and do to lead a forward-thinking company. You’ll learn how to create powerful sustainability and CSR ideas, develop effective sustainability strategies, and perform due diligence with reporting and disclosing environmental indicators.
By gaining experience in various subjects, you’ll also develop important skills, including branding and marketing, e-commerce, governance,, and more.
This MBA is available 100% online or on campus, is one of the most affordable in Australia, and can be finished in 18 months full-time.
Plus, with the right experience, you can fast-track your MBA to finish in just 12 months and gain qualifications as you go.
Location
CBU Waterfront – Darwin (Northern Territory) or online.
Tuition Fee / Cost (2023)
The annual tuition fee for full-time study is $32,760. This equates to $4,095 per 10 credit point unit.
Accreditation
This course is recognized in the Australian Qualifications Framework at Level 9.
Duration
This course is an 18-month full-time course or 36 months part-time. You can also fast-track to finish your MBA in 12 months.
Entry Requirements
Academic entry requirements:
Successful completion of a recognized bachelor’s degree, graduate certificate, graduate diploma or master’s degree, or equivalent international qualification in a business-related field.
Applicants with one of the above qualifications in a non-business-related discipline and at least six months of business experience will also be considered.
Fast-track (Advanced Standing): Applicants who have a qualification in a business-related field and have a minimum of four years of full-time professional experience in managerial roles may be eligible for 40 credit points of block credit.
English Entry requirements:
Academic IELTS: A minimum score of 6.5 with no band less than 6.0.
TOEFL iBT (Test of English as a Foreign Language): A minimum overall score of 79 with a minimum writing score of 21.
Courses and Structure
A candidate must complete units totaling 120 credit points.
This structure is 120 credit points: 80 core (7 units) + 40 electives (4 units).
Online Application
Applications for postgraduate courses at CDU are processed through SATAC (for all states) and UAC (NSW only).
How to apply through SATAC
1. Explore SATAC Course Search
Information on entry requirements, selection processes, and dates is available on the SATAC website.
2. Register with SATAC
The next step to getting your application underway is to visit the SATAC website and register as a postgraduate applicant.
Once you have completed your registration, SATAC will send you an email with a link to access your online application.
3. Complete your application
Follow the link in the email from SATAC to complete your application, and remember to save your progress after each section.
Remember to upload your CV and any relevant registrations if the entry requirements for your course require employment experience.
4. Accept and enroll
If your application is successful, you’ll receive your offer via email from SATAC. SATAC will automatically accept your offer for you.
Official Website: https://www.cdu.edu.au/
#4 MBA (Global) at Victoria University
Melbourne City. Credit: canva
About
Industry experts helped design the MBA (Global). This innovative, applied course has the following features:
a robust focus on global business issues
learning with industry experts through a business internship
practical application of knowledge to real-life problems
business consulting with real clients
career skills development
digital and technological expertise acquirement.
Other VU MBA Programs include:
MBA (Professional)
Online MBA
Online MBA (Finance)
Location
City Flinders, VU Sydney, or online
Tuition Fee / Cost (2023)
The tuition fee for full-time study is $17,600 per semester.
Accreditation
Level 9: Masters’s Degree (Coursework)
It was awarded a Tier One MBA Global Ranking in 2019 by CEO magazine.
Duration
The course duration is 2 years or 1.5 years (full-time) for applicants with an Australian bachelor’s degree (or equivalent) in a similar discipline.
Entry Requirements
Academic entry requirements:
Completion of an Australian Bachelor’s degree (or equivalent) in any discipline, OR
Completion of an Australian Graduate Diploma (or equivalent) in a similar discipline
English entry requirements:
IELTS (or equivalent): Overall score of 6.5 (with no band less than 6.0 in Listening, Reading, Writing, and Speaking)
Courses and Structure
To attain the Master of Business Administration (Global), students will be required to complete 192 credit points consisting of:
48 credit points for college core units
84 credit points for professional core units
12 credit points BMO7005 Business Consulting (Capstone); and,
48 credit points for global specialization units (from the approved list)
Online Application
International course inquiries and application system:
Create your personalized brochure
A personalized brochure is a PDF that includes all the information you want about Victoria University programs, procedures, assistance services, and more.
Complete an Enquiry
Complete this form, and Victoria University staff will respond to your inquiry within 48 hours.
Submit or update your application, or accept your offer
Submit a new application
Update your application/accept your offer
Official Website: https://www.vu.edu.au/ or https://online.vu.edu.au/
#5 MBA at Central Queensland University (CQU)
Brisbane River. Credit: canva
About
CQUniversity’s Master of Business Administration (MBA) is in the top 10 in Australia, according to the business community (AFR BOSS MBA Rankings 2019), and is taught by experienced course leaders with real-world business and public sector expertise to help you advance your profession.
The CQU MBA will help you further your leadership, management, and change skills, as well as emotional intelligence, through a deeper understanding of humanity’s most important qualities and modern emotional intelligence models.
Location
Brisbane, Melbourne, Sydney, Online
Tuition Fee / Cost
2022 Indicative Fee:
International Indicative First Term Fee: $16,050.00
International Indicative First Year Fee: $33,360.00
Accreditation
Level 9: Master’s Degree (Coursework)
Duration
The course duration is 1.5 years full-time, 3 years part-time
Entry Requirements
Academic entry requirements:
A completed Australian Bachelor’s degree or higher Australian Qualifications Framework (AQF) equivalent qualification with three years of full-time (or equivalent part-time) relevant* business experience; or
A minimum of five years of relevant* business experience.
English entry requirements:
An International English Language Testing System (IELTS Academic) overall band score of at least 6.5 with a minimum of 6.0 for Reading and Writing and 6.0 for Speaking and Listening; or
An Occupational English Test with Grades A or B only in each of the four components.
Courses and Structure
A candidate must complete units totaling 12 units or 72 credit points.
You must complete a total of 8 core and 4 major units.
Online Application
If you are an International Applicant, you should apply directly to CQUniversity via the iStart link.
Official Website: https://www.cqu.edu.au/
FAQs
What is the cheapest university in Australia for international students?
There is no definitive answer to this question as it depends on several factors, including the type, of course, you are studying and your circumstances.
However, some of the cheapest universities in Australia for international students include Central Queensland University, Victoria University, and Western Sydney University.
How much will it cost to do MBA in Australia?
The cost of an MBA in Australia can vary depending on the university you choose to attend and whether you study full-time or part-time.
However, as a general guide, you can expect to pay between $15,000 and $40,000 for an MBA in Australia.
Can I do MBA in Australia without GMAT?
Yes, it is possible to do an MBA in Australia without GMAT. However, some universities may require you to take an alternative test, such as the GRE or CAT.
Related Topics
How Much Does an MBA Cost?
The cost of an MBA can vary depending on the school you attend and whether you study full-time or part-time.
Generally, full-time programs tend to be more expensive than part-time programs.
For example, the average cost of a full-time MBA in the United States is US$61,000, while the average cost of a part-time MBA in the United States is US$41,000.
How Much Does It Cost to Study for MBA in Australia?
The cost of an MBA in Australia also varies depending on your school. Generally, it ranges between AUD50,000 to AUD 90,000.
Which Country is Cheapest for MBA?
MBA programs in Germany are some of the most affordable in the world, with average semester tuition of only 111 EUR (8,830 INR).
Norway, Iceland, Malaysia, and Sweden are the next most affordable countries.
What Is the Cheapest University in Australia for International Students?
One of the most affordable universities in Australia is Flinders University, with tuition fees starting at 10,350 AUD/year.
The next affordable universities are the University of Wollongong, the University of New England, and Charles Sturt University.
Can I Get PR After my MBA in Australia?
After completing your MBA in Australia, you may be eligible for a visa that allows you to stay, work and complete further study in Australia.
However, even with the General Skilled Migration (GSM) rules, there is no guarantee of permanent residency after studying in Australia.
Which Country MBA is More Valuable?
There is no simple answer to this question, as the value of an MBA depends on several factors, including the program’s ranking, the reputation of the school, and the industry in which you plan to work.
However, some people might argue that an MBA from a top-ranked business school in the United States is more valuable than an MBA from a top-ranked business school in another country.
This is because U.S. schools are often considered some of the best in the world, and they typically have strong networks and connections with employers in North America and around the globe.
Which Country is Better for MBA?
If you’re looking for an MBA program with a world-class reputation, then the United States would be your best bet.
Top-ranked business schools like Harvard, Stanford, and Wharton are all in the U.S. and offer some of the most comprehensive and prestigious programs in the world.
