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Australia: Costs and Salaries for Top MBA Schools

Updated: Jun 21, 2023

Australia has become a popular destination for international students who wish to pursue higher education in business studies. The country has some of the best business schools in the world that provide quality education, excellent faculty, and promising career opportunities to students. In this blog, we will discuss the cost of education and the average salary package of top business schools in Australia.

Cost of Education: The cost of education in Australia varies depending on the institution, course, and location. On average, tuition fees for a Master's in Business Administration (MBA) program can range from AUD 60,000 to AUD 100,000 per year. Apart from tuition fees, students also need to take into account living expenses, which include accommodation, food, transportation, and other miscellaneous expenses. The cost of living in Australia is relatively high compared to other countries, and it can range from AUD 18,000 to AUD 25,000 per year.

Average Salary Package: Business schools in Australia provide students with the necessary knowledge and skills to succeed in their career. The average salary package of students who graduate from top business schools in Australia is lucrative, and it varies depending on the industry and job position. On average, students who graduate from top business schools in Australia can expect to earn an average salary of AUD 80,000 to AUD 120,000 per year. Top Business Schools in Australia:

  1. Melbourne Business School: Melbourne Business School is one of the leading business schools in Australia, located in Melbourne. The school offers a range of MBA programs, including full-time, part-time, and executive MBA. The cost of the MBA program is approximately AUD 99,000. The average salary package for graduates of this program is around AUD 122,000 per annum.

  2. Australian Graduate School of Management (AGSM): The Australian Graduate School of Management (AGSM) is located in Sydney and is part of the University of New South Wales. The school offers a range of MBA programs, including full-time, part-time, and executive MBA. The tuition fee for the full-time MBA program is AUD 87,000, and the average salary package for graduates is around AUD 100,000.

  3. The University of New South Wales - UNSW Business School UNSW Business School is one of the top business schools in Australia and offers a range of undergraduate and postgraduate programs. The cost of the MBA program is approximately AUD 85,000. The average salary package for graduates of this program is around AUD 110,000 per annum.

  4. The University of Sydney - The University of Sydney Business School The University of Sydney Business School is one of the oldest and most prestigious business schools in Australia. The cost of the MBA program is approximately AUD 87,000. The average salary package for graduates of this program is around AUD 115,000 per annum.

  5. The Australian National University - ANU College of Business and Economics The ANU College of Business and Economics is a leading business school in Australia and offers a range of undergraduate and postgraduate programs. The cost of the MBA program is approximately AUD 66,000. The average salary package for graduates of this program is around AUD 100,000 per annum.

  6. UQ Business School: UQ Business School is located in Brisbane and is part of the University of Queensland. The school offers a range of MBA programs, including full-time, part-time, and executive MBA. The tuition fee for the full-time MBA program is AUD 76,800, and the average salary package for graduates is around AUD 92,000.

  7. Monash Business School: Monash Business School is located in Melbourne and is part of Monash University. The school offers a range of MBA programs, including full-time, part-time, and executive MBA. The tuition fee for the full-time MBA program is AUD 87,000, and the average salary package for graduates is around AUD 102,000.

  8. QUT Business School: QUT Business School is located in Brisbane and is part of the Queensland University of Technology. The school offers a range of MBA programs, including full-time, part-time, and executive MBA. The tuition fee for the full-time MBA program is AUD 75,200, and the average salary package for graduates is around AUD 94,000.

  9. The University of Western Australia - UWA Business School The UWA Business School is one of the top business schools in Australia and offers a range of undergraduate and postgraduate programs. The cost of the MBA program is approximately AUD 85,000. The average salary package for graduates of this program is around AUD 105,000 per annum.

  10. The University of Adelaide - Adelaide Business School Adelaide Business School is a leading business school in Australia and offers a range of undergraduate and postgraduate programs. The cost of the MBA program is approximately AUD 65,000. The average salary package for graduates of this program is around AUD 95,000 per annum.

Conclusion: Pursuing higher education in business studies in Australia can be a worthwhile investment for students who want to excel in their career. The cost of education may be high, but the average salary package for graduates from top business schools in Australia is promising. Aspiring students should carefully evaluate their options and choose the business school that best fits their interests and career goals.



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