All Answers
Senior Expert Blockchain Research
I know expenses take up a huge part in the decision making process of studying abroad. Now that you have shortlisted your country it is understandable to want to know the how much would it cost you to study in Australia. Here I have mentioned the average costs for all kind of expenses that you might incur while studying your masters in Australia:
Postgraduate Master’s Degree 20000$(1045000INR)-42000$(2194900 INR) annually
Living Costs
Living Expenses Weekly Budget(in AUD)
Groceries and eating out 140$-280$
Utilities 10$-20$
Phone and Internet 15$-30$
Entertainment 80$-150$
Accommodation Cost
Accommodation Type Expenses(in AUD)
Hostels and Guesthouses 90$(4700 INR)-150$(7800INR)/week
Shared Rental 95$(4900INR)-215$(11200INR)/week
On-campus 110$(5700INR)-280$(14600INR)/week
Rental 185$(9600INR)-440$(22990INR)/week
Transportation Cost
Distance Means of Travelling
Short Distance A short ride on the train or the bus which are all public means of transportation can cost about 3AUD. Weekly passes of 20AUD or monthly passes of 80AUD can be obtained.
Long Distance For movement across cities, or any area further away, the best way to travel is to pick any of the following options:AirwaysTrainLong-distance bus service
If you've completed your undergraduate and postgraduate studies in commerce and are considering pursuing a master's program in the USA, there are several specialization options that align well with your education background.
Some popular MS programs that complement a commerce background include:
Master of Science in Finance
Master of Science in Accounting
Master of Science in Business Analytics
Master of Science in Marketing
Master of Science in Management Information Systems
Master of Science in Economics
These programs offer opportunities to deepen your knowledge and skills in specific areas of business and commerce, preparing you for a variety of career paths in finance, accounting, data analytics, marketing, information systems, and economics.
It's important to research each program's curriculum, faculty expertise, industry connections, and career outcomes to determine which specialization aligns best with your academic interests and career goals. Additionally, consider factors such as location, university reputation, and post-graduation work opportunities when making your decision.
Sr. Consultant
Studying for a master’s in Australia involves both tuition and living expenses. For most programs, the tuition fees range between AUD 20,000 and AUD 45,000 per year. Degrees in fields like business or health sciences might push the cost closer to the higher end, around AUD 40,000 annually.
You should also consider the cost of living, which can vary significantly based on the city you live in. On average, international students spend about AUD 21,000 to AUD 25,000 per year on living expenses. Smaller cities like Perth or Canberra could offer a more budget-friendly experience compared to major hubs like Sydney.
Don’t forget to account for additional costs like Overseas Student Health Cover (OSHC), which is compulsory for students, costing approximately AUD 500 per year. All these factors combined give you a more comprehensive understanding of what to budget for your master's degree in Australia.
Student of IIT, Delhi
The cost of studying for a master’s in Australia varies depending on the university and course. On average, tuition fees range from AUD 20,000 to AUD 45,000 per year for most master's programs.
For example, if you’re pursuing a degree in engineering or IT, expect the fees to be on the higher end, around AUD 35,000 to AUD 45,000. On the other hand, arts and humanities courses may cost closer to AUD 25,000 annually.
In addition to tuition, living expenses should be considered. The cost of living in Australia is around AUD 21,000 to AUD 25,000 per year, depending on the city you choose. Sydney and Melbourne are generally more expensive, while cities like Adelaide or Brisbane can be more affordable.
You’ll also need to budget for health insurance, which is mandatory for international students. This can cost around AUD 500 to AUD 700 per year.
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