MBA fees steady as demand grows

201305_features_moneyA brighter economic outlook leading to greater demand combined with increased competition in the sector has left Australian MBA fees  in 2014 virtually unchanged from 2013.

The average MBA course in Australia (excluding EMBA) in 2014 will set students back $40,671, compared to $40,223 in 2013.

Melbourne Business School remains the country’s most expensive MBA at $75,000. The University of New South Wales ($72,960), Macquarie Graduate School of Management ($65,600), Monash University ($60,000) and University of Sydney ($60,000) round out the top five.

Regional students studying at Central Queensland University receive the cheapest MBA at $18,652.

MBA Fees – The full list

University of Melbourne (MBS)  $75,000 Full course fee.
University of NSW (AGSM)  $72,960 $4,560 per six credit point course. 16 courses.
Macquarie University (MGSM)  $65,600 $4,100 per course. 16 courses to complete.
Monash University  $60,000 Full course fee
University of Sydney  $60,000 Full course fee
RMIT University  $57,600 Full course fee
University of Technology Sydney  $51,456 $536 per credit point. 96 credit points.
University of Queensland  $50,640 Full course fee
Australian National University  $49,492 Annual fee of $24,746. Two-year course.
QUT Business School  $49,200 $16,400/study period. 3 periods to complete.
Bond University  $49,104 Full course fee
University of Western Australia  $48,000 $666.67 per credit point – 48 to complete.
University of Adelaide  $48,000 Annual fee of $32,000. 1.5 years to complete.
Curtin University  $45,900 $3,825 per subject. 12 subjects to complete.
La Trobe University  $45,000 $30,000 per year. 1.5 years to complete
Griffith University  $43,200 $360 per credit point. 120 points to complete
Murdoch University  $42,000 16 units at $2,625 per unit.
University of Wollongong  $39,744 $13,248 per trimester. Three to complete.
University of South Australia  $38,438 $25,625 per year. 1.5 years to complete
University of Western Sydney  $38,320 $3,305 per subject. 16 subjects to complete.
Deakin University  $34,455 $22,970 annual fee. 1.5 years to complete.
Swinburne University of Technology  $33,600 Annual fee of $22,400 for 1.5 years.
Southern Cross University  $33,120 $2,070 per unit. 16 units to complete.
Australian Catholic University  $33,060 Annual fee of $22,040. 1.5 years to complete.
Victoria University  $31,275 $2,643.75 per unit for 12 units.
Central Qld Uni (Metropolitan)  $30,600 $2,550 per subject with 12 subjects in total.
Australian Institute of Business  $30,600 Full course fee
Charles Sturt University  $28,800 $2,400 per subject for 12 subjects.
Edith Cowan University  $27,150 $18,100 annual feel. 1.5 years to complete.
University of Canberra  $27,045 Annual fee of $18,030. 1.5 years to complete.
Flinders University  $26,463 $17,642 annualfee. 1.5 years to complete.
Torrens University  $26,000 Full course fee.
University of Newcastle  $25,560 Full course fee
University of New England  $25,392 $2,116 per subject. 12 subjects to complete.
University of Southern Queensland  $25,200 $16,800 annual fee. 1.5 years to complete.
University of Tasmania  $24,264 $2022 per unit. 12 units to complete.
Chifley Business School  $19,140 12 units at $1,595 per unit.
Central Qld Uni (Regional & Online)  $18,652 $1,552 per subject. 12 subjects to complete.

 

Click for full size graph
Click for full size graph

 

The fees listed  are provided as a general guide only.

They have been sourced from publicly available information or individual universities and business schools. In relying on the list below potential students should be aware:

    • The fees were sourced in November 2013 for students commencing in 2014 but may change in the future at each school’s discretion; and
    • Where schools have not provided full degree fees MBA News has made a judgement on the full degree costs based on information available. For instance, many schools provide on indicative annual fee for degrees which take 1.5 years to complete. In these cases MBA News has used current year indicative fees extrapolated over 1.5 years (ie $30,000pa x 1.5 years = $45,000); and
    • Current fees for units (variably called courses, subjects, credit points etc) may increase in the future before the completion of your degree, increasing the overall cost of your degree; and
    • The fees listed may or may not include incidentals like textbooks and other learning materials. In the case of study tours these additional fees can be substantial.
    • Fees for international students may be different; and
    • While all care has been taken to ensure their accuracy please conult your school on your full fee liability before commencing your MBA.

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Ben Ready founded MBA News in 2014 and is the Managing Editor. He is a former business and finance journalist with Australian Associated Press (AAP) and Dow Jones Newswires in London. Ben completed his MBA in 2012 and was awarded the QUT GMAA Entrepreneurship Prize. He is also the founder and Managing Director of RGC Media & Mktng (rgcmm.com.au).