From Australia To Canada: How Much Does It Cost To Get A Postgraduate Degree?

If you’ve been thinking of pursuing your postgraduate degree abroad, now’s the best time to do so! After all, travel restrictions have been lifted and international borders are open again, making it easier to go overseas – be it for leisure or studies.

As you explore your options, you might notice that there are many good study destinations to head to and it could feel overwhelming to try and figure out which is the best choice for yourself.

Today, we zoom in to the cost of taking your postgraduate degree overseas and explore reasons why it’s a good idea to do so overseas.

Why Pursue Your Postgraduate Degree Overseas

1. Build A Strong International Network

There will be various opportunities for you to expand your network throughout the course of your program.

On campus, you’ll get to interact and work closely with your course mates and lecturers who are also in the same field as you.

Off campus, you’ll get to interview professionals in your area of study and attend different functions and events which would open the doors to even more professional contacts.

2. Gain International Perspectives

You’ll get to immerse in another culture during your time abroad and expand your horizons. From daily interactions with locals to working on projects with your international peers, there’s no doubt you’ll be more culturally aware and grow as an individual.

On top of that, you might get the chance to brush up on your language skills or even pick up a new language in the process!

3. Get An Accredited Master's or Doctorate

Getting a Masters or Doctorate overseas would not only upgrade your skills but also make you more desirable in the eyes of potential employers all over the world.

Whether you choose to pursue a career overseas or back home, you’ll already be at an advantage because of your qualifications. Hence, there’ll be no lack of job opportunities for you.

4. Undertake An Internship For Industry Experience

You’ll get the chance to take on internships during your program. Hence, accumulating valuable work experience to add to your resume.

If you’re planning to move abroad, you might even get the opportunity to extend your internship to a full-time job after graduating!

How Much It Costs To Study Overseas

Although a big portion of your expenses for studying abroad would go to tuition fees, you’ll also have to factor in your accommodation, transportation, meals and other day-to-day expenses.

Here’s the average cost of living in top study destinations, assuming that you opt for a Business degree, live in a neighborhood studio apartment, not in the city center and that your primary mode of transportation is the train or bus.

1. Australia

Melbourne

Accommodation Monthly Rent: AUD$1,800

Food & Entertainment Cost: AUD$1,500

Transportation: AUD$160

Brisbane

Accommodation Monthly Rent: AUD$1,600

Food & Entertainment Cost: AUD$1,600

Transportation: AUD$100

Sydney

Accommodation Monthly Rent: AUD$2,000

Food & Entertainment Cost: AUD$1,500

Transportation: AUD$220

Perth

Accommodation Monthly Rent: AUD$1,700

Food & Entertainment Cost: AUD$1,400

Transportation: AUD$160

Business Postgraduate Programme

Master’s In Business Administration: AUD$60,000 – 126,000

PhD In Business: AUD$72,000 – 168,000

2. New Zealand

Auckland

Accommodation Monthly Rent: 1,900 NZD

Food & Entertainment Cost: 1,300 NZD

Transportation: 220 NZD

Wellington

Accommodation Monthly Rent: 2,100 NZD

Food & Entertainment Cost: 1,200 NZD

Transportation: 150 NZD

Christchurch

Accommodation Monthly Rent: 1,500 NZD

Food & Entertainment Cost: 1,100 NZD

Transportation: 120 NZD

Hamilton

Accommodation Monthly Rent: 1,200 NZD

Food & Entertainment Cost: 900 NZD

Transportation: 100 NZD

Business Postgraduate Programme

Master’s In Business Administration: 31,000 – 50,000 NZD

PhD In Business: 22,000 – 93,000 NZD

3. Canada

Montreal

Accommodation Monthly Rent: 1,200 CAD

Food & Entertainment Cost: 900 CAD

Transportation: 90 CAD

Toronto

Accommodation Monthly Rent: 1,800 CAD

Food & Entertainment Cost: 1,000 CAD

Transportation: 150 CAD

Vancouver

Accommodation Monthly Rent: 1,900 CAD

Food & Entertainment Cost: 1,200 CAD

Transportation: 170 CAD

Ottawa

Accommodation Monthly Rent: 1,500 CAD

Food & Entertainment Cost: 1,000 CAD

Transportation: 130 CAD

Business Postgraduate Programme

Master’s In Business Administration: 60,000 CAD - 80,000 CAD

PhD In Business: 35,000 CAD – 106,000 CAD

4. Ireland

Dublin

Accommodation Monthly Rent: EUR1,800

Food Cost: EUR1,200

Transportation: EUR150

Cork

Accommodation Monthly Rent: EUR1,300

Food Cost: EUR950

Transportation: EUR90

Galway

Accommodation Monthly Rent: EUR1,200

Food Cost: EUR850

Transportation: EUR80

Business Postgraduate Programme

Master’s In Business Administration: EUR12,000 – 68,000

PhD In Business: EUR36,000 – 120,000

5. The UK

London

Accommodation Monthly Rent: £1,700

Food & Entertainment Cost: £2,000

Transportation: £160

Manchester

Accommodation Monthly Rent: £950

Food & Entertainment Cost: £1,100

Transportation: £80

Liverpool

Accommodation Monthly Rent: £700

Food & Entertainment Cost: £900

Transportation: £70

Birmingham

Accommodation Monthly Rent: £710

Food & Entertainment Cost: £1,000

Transportation: £70

Edinburgh

Accommodation Monthly Rent: £900

Food & Entertainment Cost: £1,100

Transportation: £75

Business Postgraduate Programme

Master’s In Business Administration: £28,000 - £88,000

PhD In Business: £60,000 –  £100,000

6. The United States

Boston

Accommodation Monthly Rent: USD$2,400

Food Cost: USD$410

Transportation: USD$150

New York

Accommodation Monthly Rent: USD$2,400

Food Cost: USD$490

Transportation: USD$165

San Francisco

Accommodation Monthly Rent: USD$2,800

Food Cost: USD$490

Transportation: USD$150

Los Angeles

Accommodation Monthly Rent: USD$2,000

Food Cost: USD$370

Transportation: USD$105

Business Postgraduate Programme

Master’s In Business Administration: USD$100,000 – 120,000

PhD In Business: USD$112,000 – 220,000

Successfully Study Abroad With IDP

Are you ready to chase your dream of studying overseas?

At IDP, we can help make it happen!

Our team of education counsellors have the experience and knowledge to offer you tailored guidance and assist you throughout your application process – so that you choose the best city and course for your Masters or postgraduate degree.

Fill out the inquiry form and get started with a free counselling session and learn more about the courses here.