Marketing and advertising have become some of the most lucrative industries in the business world. To do well in the industry, it would benefit interested professionals and aspiring players to get a marketing degree.
Apart from having numerous opportunities for growth and development, this field also offers career flexibility. Are you interested in taking on this route in the near future? To know more about the cost of a marketing degree, read on.
What Is a Marketing Degree?
A marketing degree is an academic degree designed for students to focus on a variety of marketing strategies, programs, and approaches in the field. Students who study under particular major are exposed to effective ways of analysing the business market and how they can better highlight and sell products to consumers.
Average Cost of a Marketing Degree Worldwide
Marketing degrees cost different amounts around the world. In the United States, the average annual cost for a four-year degree ranges between $9,970 and $25,620. In Australia, a general marketing degree costs 36,000 AUD a year, while a year in New Zealand would cost around NZ $20,000.
For the UK the cost is £9,250, for Canada it's CA $26,395, and in India it's INR 350,000 per year. For Ireland, the tuition fees for EU students are free with a payment requirement of €3,000 for student services. Meanwhile, non-EU students are required to pay a minimum of €10,000.
Marketing Degree Cost Breakdown
When you take on a marketing degree, your costs entail paying for more than just tuition. This also includes relevant textbooks and supplies. Besides these, the breakdown of these fees typically includes student legal services, payment for student organizations, and campus security. Depending on whether you live on campus or off, the cost of transportation could factor in, too.
Factors Affecting the Cost of a Marketing Degree
The prices of marketing degrees vary from one location and university to another. The amount spent per year also varies depending on the length of the degree.
This can also change depending on the room and board you take and other personal expenses. Individuals who have financial aid may shoulder a significantly lower amount, while the type of school setting (traditional brick-and-mortar vs. online college) may also affect the overall cost of the degree.
Additional Costs Associated with a Marketing Degree
Students may incur additional costs should they decide to avail of campus housing. Apart from this, food, transportation, clothing, and Internet and electricity bills are also components that increase the total costs of a marketing degree.
Criminal background checks, exam proctoring, transcript ordering, and course-level assessments may also incur extra charges for a marketing student.
Conclusion
Considering a marketing degree offers a wealth of benefits for interested individuals. For yearly prices that could be as low as $9,970, you can learn the tricks of the trade and discover the rationalization behind customer consumption. Should you choose to develop your entrepreneurial, advertising, management, and marketing skills, there is no better way to do so than by trying your hand at this degree.
If you are planning to take on this career and educational path, you can take advantage of this guide and help prepare for your future.
