Average MBA fees in Australia have recorded another strong increase in 2018 with the standard course now costing more than $50,000, up nearly 12% in three years.
MBA News has identified more than 50 MBA courses across the country ranging from Melbourne University’s Senior Executive MBA (SEMBA) at $121,800 down to the Australian Institute of Business (AIB) MBA at $29,700.
Average standard MBA Fees in Australia increased about 5.6% from 2017 to 2018, with the average program now costing about $51,163, up from $47,500 last year.
After increasing from $44,200 in 2015 to $44,866 in 2016 and $47,500 in 2017 the average MBA for full fee paying domestic students increased more than $2,500 in 2018.
Current year fees for the country’s most expensive (non Executive) MBA, offered through Melbourne Business School, have not been released. The University of New South Wales (Australian Graduate School of Management) MBA was up more than $6,000 to $87,820 with Macquarie University’s Macquarie Graduate School of Management (MGSM) leaving their full course cost of $80,000 unchanged from last year. University of Western Australia and Monash University rounded out the top five.
There are now only 10 MBA programs for less than $40,000.