Did you know that Australia gets more than 400,000 international students every year? Many of them choose to study at the country’s best business schools. Australia is still one of the best places to study business, with six of its universities ranked among the top 100 in the world for Business and Management Studies in the QS World University Rankings by Subject 2026.
The cost of an MBA in Australia varies by university and program type, but it can be anywhere from AUD 48,000 to AUD 112,500 (₹28.07L–₹65.76L). When you add in scholarships, the return on investment from graduate salaries, and affordable student cities, it’s easy to see why thousands of Indian students choose to study in Australia every year.
Key Highlights
| Aspect | Details |
|---|---|
| Average Annual MBA Fees | AUD 64,211 (approx. INR 40.4 Lakh) |
| Types of MBA Programs | Full-Time, Part-Time, Executive, Online |
| Course Duration | Typically 1 to 2 years (1-year options at UNSW AGSM) |
| Admission Requirements | Bachelor’s degree, GMAT/GRE (optional at some), IELTS/TOEFL/PTE, 2–5 years work experience |
| Specializations Offered | Finance, Marketing, Management, International Business, Entrepreneurship |
| Average Post-MBA Salary | AUD 100,000 – AUD 150,000 annually (Executive MBA: AUD 245,000+) |
| Top MBA Colleges | Melbourne Business School, UNSW (AGSM), and University of Sydney |
Average MBA Fees in Australia by Programs
Choose your dream country
UK
USA
Germany
Australia
Ireland
Canada
UAE
France
Sweden
Italy
Other
When do you want to study abroad?
What's your highest level of education?
Select you current city
How Leap will help you
Personalised University Shortlist
Express Applications with Quicker Admits
End-to-End Application Support
Understanding the cost of different formats is important while planning your investments. While full-time courses are standard for career switchers, executive and online options cater to different professional needs and budget levels.
| MBA Program Type | Average Fees (AUD) | Average Fees (INR approx.) | Typical Duration |
|---|---|---|---|
| Full-Time MBA | $48,000 – $112,500 | INR 30.2L – INR 70.9L | 1 – 2 Years |
| Part-Time MBA | $55,000 – $113,500 | INR 34.6L – INR 71.5L | 2 – 3 Years |
| Executive MBA (EMBA) | $50,000 – $125,000 | INR 31.5L – INR 78.8L | 1.5 – 2 Years |
| Online MBA | $45,000 – $88,000 | INR 28.3L – INR 55.4L | 1.5 – 3 Years |
Key Insights for Program Selection
- Full-Time MBA: This remains the popular program for international students. When you graduate from a top university, the average salary increases upto 108%
- Part-Time MBA: Although precise wage information for part-time MBA graduates is scarce, the adaptability of these programs enables individuals to maintain employment, which may result in career progression and subsequent salary enhancements over time.
- Executive MBA (EMBA): Aimed at experienced professionals, these programs demand the highest fees but offer a significant ROI, with the salary often reaching AUD 245,000+ 3 years after graduation.
- Online MBA: These programs provide the lowest price point, starting around INR 28.3L, and give maximum flexibility for those who wish to continue working while studying.
Top Universities for MBA with Fees Structure
Choosing an institution involves weighing the cost of an MBA in Australia for Indian students against the specific academic and professional advantages each school provides.
| University | QS World Ranking 2026 | Annual Tuition Fees (AUD) | Annual Fees (INR approx.) |
|---|---|---|---|
| University of Melbourne (MBS) | 13 | $56,250 – $112,500 | INR 35.4L – INR 70.9L |
| UNSW Sydney (AGSM) | 19 | $86,760 – $88,000 | INR 54.7L – INR 55.5L |
| University of Sydney | 18 | $60,100 – $70,000 | INR 37.9L – INR 44.1L |
| Monash University | 37 | $53,000 – $65,000 | INR 33.4L – INR 41.0L |
| University of Queensland (UQ) | 40 | $69,112 – $76,560 | INR 43.6L – INR 48.3L |
| Australian National University (ANU) | 30 | $53,700 – $68,040 | INR 33.9L – INR 42.9L |
| Macquarie University | 133 | $46,800 – $80,000 | INR 29.5L – INR 50.4L |
| RMIT University | 123 | $38,400 – $60,000 | INR 24.2L – INR 37.8L |
1. University of Melbourne (MBS)
Renowned for its academic prestige, this program is ideal for those seeking a deep research-led approach in business.
| Feature | Details |
|---|---|
| Program Type | Full-Time (On-Campus) |
| Course Duration | 2 Years |
| Intakes | Multiple (Round deadlines: Feb, March, May, July) |
| MBA Fees (2026) | AUD 120,384 (INR 72.84 Lakh) annually |
| Salary Post MBA | Average base salary of AUD 120,000+ |
| Admission Requirements | Bachelor's degree, GMAT (Avg 695/min 560), IELTS 7.0 / TOEFL 91, 2+ years work experience |
2. UNSW Sydney (AGSM)
The AGSM program has been ranked as #1 for full-time MBA in Australia, focusing on accelerated leadership growth.
| Feature | Details |
|---|---|
| Program Type | Full-Time, Online (MBAX), and Executive |
| Course Duration | 1 Year (Full-Time) |
| Intakes | Terms 1, 2, and 3 |
| MBA Fees (2026) | AUD 86,760 (Full-Time) / AUD 71,500 (Online/MBAX) |
| Salary Post MBA | Highly competitive; top alumni secure roles in global consulting |
| Admission Requirements | Undergraduate degree, min 2 years professional/managerial experience, English proficiency (IELTS 7.0) |
3. University of Sydney
This program emphasises digital strategy and personal resilience, with strong industry integration.
| Feature | Details |
|---|---|
| Program Type | Full-Time (On-Campus) |
| Course Duration | 1.5 Years (18 Months) |
| Intakes | February and August |
| MBA Fees (2026) | AUD 60,100 (INR ₹37.81 Lakh) annually |
| Salary Post MBA | Average base salary of AUD 120,000; high performers reach AUD 147,000+ |
| Admission Requirements | Bachelor's degree (min 65%), min 3 years work experience, GMAT (avg 600), IELTS 7.0 |
4. Monash University
Monash holds Triple Crown accreditation, making its degree globally recognised for excellence.
| Feature | Details |
|---|---|
| Program Type | Full-Time and Global Executive |
| Course Duration | 1.5 to 2 Years |
| Intakes | February and July |
| MBA Fees (2026) | AUD 88,000 (INR 53.25 Lakh) |
| Salary Post MBA | Strong ROI with graduates moving into senior strategic roles |
| Admission Requirements | Bachelor's degree, min 5 years work experience, IELTS 6.5 / TOEFL 79 |
5. University of Queensland (UQ)
UQ is ideal for professionals looking for a flexible program focused on innovation and disruption.
| Feature | Details |
|---|---|
| Program Type | Full-Time and Part-Time available |
| Course Duration | 1 to 1.5 Years |
| Intakes | February, July, and November |
| MBA Fees (2026) | AUD 69,112 (INR 43.51L) |
| Salary Post MBA | Typical executive roles (CEO/COO) range from AUD 205,000 – 230,000 |
| Admission Requirements | Bachelor's degree (GPA 4.5/7.0), 4 years relevant work experience, GMAT (min 550) |
6. Australian National University (ANU)
Located in the centre of the city, ANU provides a unique access to public sector leadership and policy networks.
| Feature | Details |
|---|---|
| Program Type | Full-Time (On-Campus) |
| Course Duration | 1.5 Years |
| Intakes | February and July |
| MBA Fees (2026) | AUD 83,584 (INR 52.61L) |
| Salary Post MBA | Median graduate salary range of INR 62 – 99 Lakh annually |
| Admission Requirements | Bachelor's degree (GPA 5.0/7.0), IELTS 6.5, Resume, 2 Professional References |
7. Macquarie University
Macquarie University is recognised globally for its focus on interdisciplinary innovation and practical management skills. Its MBA program is strong in Business Analysis and strategic leadership, often ranked among the top 100 globally.
| Feature | Details |
|---|---|
| Program Type | Full-Time, Online, and Hybrid (Combined) |
| Course Duration | 1.5 to 2 Years (depending on prior learning/experience) |
| Intakes | Four Terms: Term 1 (Feb), Term 2 (May), Term 3 (July), Term 4 (Oct) |
| MBA Fees (2026) | AUD 46,500 (approx. INR 29.3L) per year |
| Salary Post MBA | Average base salary of AUD 110,000 (approx. INR 69.3L) |
| Admission Requirements | Bachelor's degree (min WAM 65%), 3+ years professional/managerial work experience. |
| Standardized Tests | GMAT (Avg 650) required if WAM is 60–65%. IELTS: 7.0 / TOEFL: 94. |
8. RMIT University
RMIT provides an industry-connected,d practical MBA with a strong focus on design thinking.
| Feature | Details |
|---|---|
| Program Type | Full-Time (On-Campus) and Online |
| Course Duration | 1.5 to 2 Years |
| Intakes | February, July, and October |
| MBA Fees (2026) | AUD 50,880 (INR 32.01 Lakh) |
| Salary Post MBA | High employability rate (92%) within three months of graduation |
| Admission Requirements | Bachelor's degree (min GPA 1.0), IELTS 6.5 / TOEFL 79 |
Cost of Living for Studying an MBA in Australia
While planning for an MBA in Australia, managing your living expenses is as critical as your tuition fees. For 2026, Australia government mandates that international students should show proof of at least AUD 29,710 (approx. ₹18.7L) to cover their first year costs.
Pre-Arrival Costs
| Expense Category | Estimated Cost (AUD) | Estimated Cost (INR approx.) |
|---|---|---|
| Student Visa (Subclass 500) | $2,000 | INR 1,26,000 (approx.) |
| English Proficiency Exam | $300 – $600 | INR 17,000 – INR 18,250 |
| GMAT General Test | $275 – $300 | INR 23,200 – INR 25,400 |
| GRE General Test | $350 – $400 | INR 22,500 |
| Average One-way Airfare | $1,200 – $2,400 | INR 20,000 – INR 85,000 |
Post-Arrival Cost
The cost of living while studying in Australia varies by city selection. Although cities such as Adelaide are more economical, Sydney is among the priciest. Comprehending the cost of living in Australia helps facilitate successful budget planning.
| Expense Category | Monthly Cost (AUD) | Monthly Cost (INR approx.) |
|---|---|---|
| Accommodation (Shared) | $700 – $1,900 | INR 44,000 – INR 1.2L |
| Food & Groceries | $300 – $800 | INR 18,900 – INR 50,400 |
| Public Transportation | $80 – $220 | INR 5,000 – INR 13,800 |
Scholarships that Reduce MBA Fees in Australia
Australia is committed to assisting international students via numerous scholarships, many of which are explicitly targeted at engineering students. More than 600 scholarships are available for international students like you.
Major Scholarships overview
| Scholarship Name | Offered By | Coverage |
|---|---|---|
| Australia Awards Scholarship | Australian Government | Full tuition fees, return airfare, establishment allowance, living stipend (~AUD 34,500/year), OSHC, and academic support. |
| AGSM Excellence Scholarship | UNSW Sydney (AGSM) | Up to full tuition fee coverage; awarded based on academic and professional excellence. |
| MBA Director’s Scholarship | University of Sydney | AUD 10,000 to AUD 40,000 (approx. ₹6.3L to ₹25.2L) towards tuition fees; awarded based on merit, leadership, and career achievements. |
| Monash International Merit Scholarship | Monash University | AUD 10,000 per annum for the duration of the degree; awarded based on academic excellence. |
| RMIT Academic Excellence Scholarship | RMIT University | 20% tuition fee coverage; awarded to top-performing international students. |
| Maitri Scholarship | Australian Government | Minimum AUD 220,000 total coverage; specifically targeted at high-achieving Indian students. |
| Destination Australia | Australian Government | AUD 15,000 per year for students choosing to study at regional campuses. |
Conclusion
An MBA in Australia remains a high-value investment for Indian students in 2026, as it balances exceptional career outcomes with globally recognised academic quality. Annual tuition fees, which typically range from AUD 48,000 to AUD 112,500 (₹28.07L–₹65.76L), can be significantly alleviated by the provision of substantial financial assistance through over 600 scholarship programs, including the fully-funded Australia Awards.
In addition to tuition, students are required to strategically allocate funds for living expenses. The Australian government has established a benchmark of AUD 29,710 (₹17.18L) per year to cover urban expenses. Ultimately, the degree provides a rapid return on investment, as graduates frequently obtain positions at top-tier organisations and earn an average salary of AUD 100,000 to AUD 150,000 annually.
Start your journey with Leap Scholar. Your path to an international career is just a click away. Whether you are at the beginning of your research or ready to take the next big step, we are here to provide the clarity and support you need to succeed globally.
FAQs
-
Which MBA is the cheapest?
The most affordable MBA programs in Australia are offered by universities such as RMIT University, Deakin University, and the Australian National University, with annual fees starting around AUD 48,000 (INR 28L). These programs provide quality education while keeping costs manageable, making them ideal for budget-conscious international students.
-
Is there a 1-year MBA in Australia?
Yes, several top universities offer 1-year full-time MBA programs, including AGSM at UNSW Sydney and certain executive MBA tracks. These programs are intensive, allowing you to gain a globally recognised MBA qualification in a shorter timeframe without compromising on curriculum quality.
-
Is an MBA in demand in Australia?
Absolutely. MBA graduates in Australia are highly sought after, especially in finance, consulting, management, and technology sectors. With strong post-study work visa options and a growing economy, MBA holders have excellent career prospects and salary potential, often ranging from AUD 100,000 to 150,000 (INR 58L–88L) per year.
-
How much is a 2-year MBA?
A typical 2-year full-time MBA in Australia costs between AUD 48,000–81,000 (INR 28L–47L) annually, depending on the university and program. Including living expenses, the total cost for two years can range from INR 60L to 90L, making it essential to plan finances and explore scholarships for better affordability.
-
What are the top MBA colleges in Australia with fee structure details?
The top MBA colleges in Australia with fee structure details include Melbourne Business School (INR 29L annually), UNSW Sydney (INR 45L annually), and UQ (INR 35L annually). Each institution offers unique benefits like global exposure and industry connections, ensuring students get maximum value for their MBA course fees in Australia.
-
Which universities offer the lowest MBA fees in Australia?
Universities like RMIT and Deakin offer the lowest MBA fees in Australia, starting from INR 27L (AUD 48.6K) annually. These universities combine affordable tuition with quality education, making them ideal choices for budget-conscious students exploring an MBA in Australia for Indian students. Additionally, their industry-focused curricula enhance employability upon graduation.
-
What is the average ROI of MBA fees in Australia?
Graduates often achieve excellent ROI for their MBA fees in Australia, with an average salary of INR 59L (AUD 105K) annually. Top programs at UNSW and UQ are renowned for producing high-earning alumni, maximising the benefits of how much it costs to study an MBA in Australia. Furthermore, many graduates report career progression within their first year post-MBA.
Have Questions? Get Guidance to reach your Dream University
Connect with India's finest counsellors and biggest study abroad community.
Get Guidance