Average MBA Fees in Australia increased about 6% from 2016 to 2017, with the average program now costing about $47,500.
After increasing only marginally last year (from $44,200 in 2015 to $44,866 in 2016) as a result of a number of new low-cost entrants, the average MBA for full fee paying domestic students increased more than $2,500 in 2017.
Melbourne Business School remains the country’s most expensive MBA at $85,470 (up from $79,000 in 2015). The University of New South Wales (Australian Graduate School of Management) was second at $81,600 with Macquarie University’s Macquarie Graduate School of Management ($80,000) coming in third. University of Western Australia and Monash University rounded out the top five.
There are now about 14 MBA programs for less than $30,000.