Cost of Study for an MBA Degree in Australia and UK

In this research, I just picked a few good universities in Australia and UK for cost comparison.


University of New South Wales (Ranked 2nd in Australia for Accountancy and Finance)

 Duration: 16 months full-time

 Fees: A$75,840 (approx. S$82,435)


Monash University (Ranked 4th in Australia for Accountancy and Finance)

 Duration: 2 years full-time

 Fees: A$32,700 x 2 (approx. S$71,089)


The University of Manchester (Ranked 5th in UK for Accountancy and Finance)

Duration: 18 months full-time

 Fees: £40,000 (approx. S$83,333)


Imperial college London (Ranked 7th in UK for Accountancy and Finance)

Duration: 12 months full-time
Fees: £39,000 (approx. S$81,250)


University of Nottingham (Ranked 8th in UK for Accountancy and Finance)

Duration: 12 months full-time 
Fees: £24,000 (approx. S$50,000)

University of Lancaster (Ranked 9th in UK for Accountancy and Finance)

Duration: 12 months full-time

Fees: £26,000 (approx. S$54,167)


University of Edinburgh (Ranked 10th in UK for Accountancy and Finance)

Duration: 12 months full-time (also have an 18 months full-time programme)

Fees: £27,100 (approx. S$56,458)


Cost of Living

Australia – estimated to be S$600 per week or S$30,000 per year

UK – estimated to be S$500 per week or S$25,000 per year


Conclusions:
The cost of study for an MBA in UK appears to be cheaper than in Australia in consideration of the cost fees as well as duration of study.  The best values seem to be offered by University of Edinburgh (ranked 17th worldwide by QS in 2014) and University of Nottingham (ranked 77th worldwide by QS in 2014). The total cost for a one-year MBA programme at Edinburgh or Nottingham will cost about $80,000.