How much does an MBA in Australia cost including tuition and living expenses for Indian students?
An MBA in Australia costs roughly AUD 67,000 to AUD 152,000 per year once you add tuition, living costs, health cover and visa fees. Tuition alone runs AUD 40,000 to AUD 112,500 depending on the school tier, so budget the whole program at AUD 130,000 or more.
If you are pricing an Australian MBA, think in two buckets: tuition set by the business school's ranking, and living costs set by your city and lifestyle. Top Group of Eight schools charge a premium, while regional universities offer far cheaper paths, so your total swings widely.
Annual Cost Breakdown
| Expense | Annual Cost (AUD) | Notes |
|---|---|---|
| Tuition fees | 40,000 - 112,500 | Varies sharply by university tier |
| Living expenses | 25,000 - 35,000 | Rent, food and daily travel |
| OSHC health cover | 600 - 1,200 | Mandatory for the visa |
| Visa and pre-arrival | 2,000 - 3,500 | Subclass 500 visa and tests |
Tuition by University Tier
| University | Annual Tuition (AUD) | Tier |
|---|---|---|
| University of Melbourne (MBS) | 75,000 - 112,500 | Top tier |
| UNSW Sydney (AGSM) | 80,000 - 105,000 | Top tier |
| Macquarie University | 44,500 - 60,300 | Mid tier |
| RMIT University | 38,400 | Mid tier |
My Advice
For your Subclass 500 visa you must show at least AUD 29,710 in living funds, so keep that ready as proof even before you plan actual spending. If ROI matters more than brand, a mid-tier school like RMIT or Macquarie plus a part-time job during your 485 post-study work visa gives you a far faster payback than a premium Group of Eight badge.
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