The price of tuition is a major part of the consideration process when deciding whether or not to embark on an MBA. Tertiary education is already a significant financial investment, but as a post-graduate qualification reserved for established business professionals, an MBA can be pricier still.
Many MBAs, however, are built around the concept that ‘you get what you pay for’, and as a result provide a top-notch programs featuring internships, overseas travel, and the best course syllabus and teaching staff money can buy.
Here is a list of where Australian institutions where you can spend the most for an MBA.
Domestic cost: $89,500
As one of the most expensive programs available in Australian, the University of Melbourne’s MBA provides leadership and career development, and regular exposure to visits from CEOs and business leaders via THEIR integrated Entrepreneurial Mindset curriculum. Tuition costs also covers flights and accommodation for the program’s Business in Asia field trip.
Domestic cost: $84,000
AGSM @ UNSW Business School’s students are given the opportunity to learn from a faculty professionals who are all current leaders able to share their up-to-date knowledge, much of it drawn from working for global organisations.
Domestic cost: $80,000
Ranked among the Top 100 business schools in the world by The Economist “Which MBA?” in 2018 and Financial Times Global MBA Ranking in 2019, Macquarie’s MBA program is a mix of theory and real-world experience to delivers experiential learning. The program’s value also derives from the internships and exchange programs it provides to students with the help of academic and corporate partners from around the world.
Domestic cost: $76,584
To study an MBA at the University of Queensland is to undergo an experience which will develop leadership skills, complete real-world industry projects with real businesses, and provide the chance to participate in an international consultancy or immersion project.
Domestic cost: $76,000
La Trobe’s Advanced MBA program teaches students a range of modern business disciplines such as data analytics, digital marketing, project management, sports management, entrepreneurship and finance. The real world is applied to the classroom through interactive workshops, study tours and real-world case studies.
Domestic cost: $74,016
In this Advanced MBA, students are given a deep insight into the most recent developments in business disciplines and professional practice. They are given the opportunity to analyse real-world business situations, and create innovative, sustainable solutions.
Domestic cost: $73,500
In just 12 months, the University of Western Australia MBA Full Time Intensive will enhance students’ career prospects anywhere in the world. The MBA will provide the best chance to become a future leader by enabling students to concentrate on one of three specialist focus areas, including leadership, resources, or management.
Domestic cost: $68,000
Monash MBA students graduate with a portfolio of completed consulting projects in strategy, technology, new venture start-ups and international business to demonstrate their ability to deliver results in practice.
Domestic cost: $63,840
Swinburne’s EMBA/Master of Entrepreneurship and Innovation offers a unique opportunity to develop the specialist skills needed to develop entrepreneurial leaders and managers, providing them with the specialist skills needed to lead and manage the process of innovation, business startups, high growth and rapid change.
Domestic cost: $57,248
Deakin’s Master of Business Administration (International) has a range of specialisations to help progress students in all areas of business from administration to business strategy. The curriculum allows graduates to find employment in areas such as financial planning, corporate governance, human resource management, marketing and a range of other areas.