Australia is one of the most popular study destinations in the world. More than a quarter of the student population are foreign nationals. This figure reaches almost 50% in some universities. And who can blame them? Australia offers endless golden beaches and amazing natural landscapes. It has one of the seven wonders of the world (the Great Barrier Reef), a multitude of vibrant cities, and, of course, a world-class higher education system. It isn’t a cheap place to study, but as the old adage goes, you get out what you put in.
Universities and MBA schools in Australia make up a significant proportion of the very best in the world, perhaps bettered only by the US and the UK in terms of ranking. Those who come to pursue an MBA in Australia will be struck not just by the internationalism of the country, but also by its technologically-advanced, world-class campuses. It is one of the undoubted global hotspots for international students. The country has already transformed the lives of millions of students. Will you be next?
The country’s pre-eminence in higher education and excellent living standards make it an expensive place to study. Master’s degrees are likely to cost in the region of EUR€20,000 per year on average, though expect significant variations throughout the country. The average cost of an MBA in Australia is around EUR€34,000, taking into account both domestic and international students. International students should expect to pay higher fees. In terms of living costs in Australia, the government estimates the monthly rent to range anywhere from EUR€250 per month in shared accommodation to over EUR€1,000 for your own flat.
The requirements for an Australia student visa are fairly stringent and applicants will need to provide proof of funding, health insurance, and proof that they are a temporary entrant into Australia amongst other things. The Australian government has a useful tool to determine what visa you will need and the documentation you will require.
In any rankings list, Australia’s universities feature prominently. Of the most prestigious lists, the Shanghai Ranking has seven Australian universities in the top 100 while the Times Higher Education Ranking and QS both have six Australian institutions in their top 100.
The Australian economy is one of the strongest in the world and has seen almost non-stop growth since the 1980s. A government-funded study in 2019 discovered an 87% employment rate amongst Australian graduates, while those holding postgraduate degrees were found to have a 40% higher starting salary than undergraduates.
Australia has the highest international student population per head of any country in the world, making up 26% of the total student population.
Want to know what it is really like to do be an MBA student? Do you have a specific question about a graduate school or MBA program, or would you like to know what life is like at your selected study destination? Get in touch with these student ambassadors, who will be happy to share their insights and real experiences with you.