Pursuing an MBA in US, UK or Australia can turn out to be expensive. The cost of the course is what is important to consider.
In UK, the average fees for full-time one year course at accredited schools are about £20,000. However distance learning courses can be pursued as they are a cheaper option.
US business schools have 2 categories:
• Public (state supported)
• Private institutions.
A private School can charge from $ 15,000 to $ 50,000 where as a state school can charge from anywhere from $ 10,000 to $ 20,000. The tuition fee is different for different universities. It can be as low as $ 8000 a year to as high as $ 35000 per annum for some private universities. For example, top schools like Wharton Business School and Harvard Business School have a fee structure of around US $ 30,000 per year.
Australian MBA also requires good amount of money. Most of the Australian universities have fixed fee structures.
The fee for an Australian MBA will depend on the course that you are selecting and how many years will the course last.
Distance learning and online programmes in Australia are much cheaper than full time MBAs. Apart from the MBA fees, the student has to also incur other costs that include accommodation, food and travel. However a good number of Australian MBA universities offer residential facilities at some minimal costs.
Some of the Australian Universities and their fee structure are mentioned below:
• University of Melbourne, Melbourne Business School AU $52,000
• Southern Cross University, Graduate College of Management AU $19,200
• Australian Graduate School of Management AU $56,280
• University of the Sunshine Coast, Faculty of Business AU $15,000
• Australian Catholic University, Faculty of Arts and Sciences AU $13,800
• Curtin University of Technology, Curtin Business School AU $29,000
• University of New England, Graduate School of Business Administration AU $18,000
• Charles Darwin University, School of Business AU $20,600