Master in Management Australia 2024: Top Universities, Fees, Requirements

Master in Management Australia 2024: Top Universities, Fees, Requirements

Edited By Prabhjyot Kaur | Updated on Sep 02, 2024 06:25 PM IST

The Master in Management in Australia is one of the popular programs that offers a solid foundation for business education and offers a global perspective for the students. New graduates or early career professionals who are thinking of stepping into the business field, can pursue the master's in management course. Australia has the top 5 universities that offer the best masters in management courses according to the QS Business Master's Rankings in Management 2024.

This Story also Contains
  1. Master in Management Australia - Highlights
  2. Master in Management Australia: Course Overview
  3. Eligibility for Master in Management Australia
  4. Admission Requirements for Master in Management Australia
  5. Top Universities for Master in Management Australia
  6. Cost of Masters in Master in Management Australia
  7. Job Prospects for Master in Management Australia
  8. Scholarships For Master in Management Australia
Master in Management Australia 2024: Top Universities, Fees, Requirements
Master in Management Australia 2024: Top Universities, Fees, Requirements

The MIM in Australia is a 1 to 2 years full-time course offered on-campus and online for international students. Indian students with any bachelor's or UG degree equivalent can apply for this MIM course in Australia. Additionally, you may be required to take the GMAT exam to meet the course requirements of Australian universities.

On average, it costs around AUD 25,000 to 50,000 per year to study a master in management in Australia. International students can work after studying in Australia for up to 2 to 4 years in the country with the help of a post-study work visa. Read the article to know complete details of the MIM course in Australia regarding its eligibility, best universities, tuition fees, job prospects, etc. and more.

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Master in Management Australia - Highlights

Particulars

Details

Course name

Master in Management

Shortly referred to as

MIM

Program type

Full-time / Part-time / Online

Duration

1 to 2 years (full-time)

Course fees

Rs 14 to 28 lakhs per year

Exams required

IELTS/TOEFL, GMAT

Average Annual Salary

Rs 33 to 50 lakhs

Scholarships

Available

Master in Management Australia: Course Overview

The MIM program in Australia is mostly suitable for recent graduates and does not require any work experience. Students from any bachelor's field of study can apply for the MIM in Australia. The course consists of concepts like business ethics, leadership and performance, business data analytics, management competencies, finance fundamentals, project management, etc.

The Australian universities offering the MIM provide the opportunity to avail experience-based learning through study trips, and business mentorships and the study plan includes internships, workshops, semester, etc. Multiple specialisation options are there in the management course, you can select any based on your career interests.

  • Finance

  • Marketing

  • Business

  • Accounting

Eligibility for Master in Management Australia

International students who are interested in pursuing the MIM course in Australia need to meet the eligibility requirements set by the universities. Here are the general masters in management in Australia eligibility requirements listed below.

  • Undergraduate course: Completed and UG degree or its equivalent in any discipline from a recognised university. Candidate must secure a minimum aggregate of 50%. Some Australian universities require students who complete a bachelor's in business or at least have a bachelor with majors in business, commerce, marketing or management.

  • English language proficiency: Candidates must have appeared for any English language tests like IELTS or TOEFL. To enrol into the top universities in Australia, you require a minimum IELTS score of 6.5 to 7.0 bands or TOEFL score of 94+, PTE score of 68+, etc.

Admission Requirements for Master in Management Australia

While applying for the master in management in Australia, there are a set of documents that you need to arrange for admission purposes. Here is the checklist for the master's in management in Australia requirements.

Top Universities for Master in Management Australia

Here are the top universities in Australia that offer the best MIM programs with global rankings.

List of Top Universities for MIM in Australia 2024

Cost of Masters in Master in Management Australia

On average the MIM in Australia fees range from AUD 25,000 to 56,000 per year. As the course duration ranges from 1 to 2 years you may require a total of 20,000 to 100,000 for your overall MIM study in Australia. This fee will be varied depending on the university you select. If you consider the cheapest colleges in Australia you can complete your MIM course for AUD 25,000 to 50,000. Here are the tuition fees of the top MIM universities in Australia given in the table below.

Fees of Top MIM Colleges in Australia 2024

University

MIM Tuition Fee per year

University of Sydney Business School

AUD 51,500

Macquarie Business School, Macquarie University

AUD 43,200

University of Technology Sydney Business School

AUD 49,990

La Trobe University Business School

AUD 40,400

University of Melbourne

AUD 56,992

Australian National University

AUD 48,035

University of South Australia

AUD 39,600

University of Newcastle

AUD 28,900

Job Prospects for Master in Management Australia

Upon the course completion, the graduates of MIM salary in Australia ranges from AUD 60,000 to 90,000 per year. Based on the job role you pursue the salary will be different. MIM graduates can work in the sectors like finance, banking, consulting, technology, etc. Here are the possible career prospects you can choose to pursue after the MIM course in Australia.

  • Business Manager
  • Business Development Manager
  • Risk Manager
  • Management Consulting
  • Project Manager

Scholarships For Master in Management Australia

Here are some of the available scholarships to support your budget for the MIM program in Australia for Indian students. You can choose a suitable scholarship based on your eligibility and preferences.

  • Australia Awards scholarships
  • Sydney International Student Award
  • Sydney Scholars India Equity Scholarship
  • Sydney Scholars India Scholarship Program
  • Business School International Scholarship
  • Vice-Chancellor’s Excellence Scholarships (VCES) - Postgraduate by Newcastle University

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Frequently Asked Questions (FAQs)

1. What do you need for MIM in Australia?

Indian students with bachelor's degrees with a minimum of 50 to 80% aggregate can apply for the MIM program in Australia. Few universities require a candidate from a business education background, so having business degrees or majors in business, commerce, economics, and finance is preferred.

2. Is GMAT required for MIM in Australia?

Very few universities in Australia only require the GMAT scores for the MIM program. Youcan also choose the universities without GMAT in Australia to study the MIM program.

3. What is the IELTS requirement to study MIM in Australia?

Most of the top-ranking universities that offer the best MIM courses require a minimum  IELTS requirement of 6.5 bands overall and 6.0 bands for each section. In general, a minimum IELTS score of 6.0 is required to study MIM in Australia.

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Questions related to

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Yes, after LLB from India, you may apply for the 491 Subclass Visa if your occupation is on the Skilled Occupation List and you meet other eligibility criteria like skills assessment, points test, and regional nomination.

Hello,

No, NIOS Chemistry cannot be used to meet DASA eligibility for IIITH if you are studying the NSW HSC in Australia.

As per DASA guidelines, all three required subjects (Maths, Physics, and one among Chemistry/Bio/Biotech/CS) must be part of the same qualifying exam, which should be completed in a school located outside India. NIOS is considered an Indian board, so it does not meet the “outside India” condition.

So, if Chemistry is not part of your NSW HSC, then using NIOS Chemistry will not make you eligible under DASA for IIITH.

Hope it helps !

To practice medicine in India without completing NEET UG, you'll need to leverage your medical degree from Belarus and upcoming postgraduate degree from the UK. Since the UK is one of the countries exempt from the Foreign Medical Graduates Examination (FMGE), you might be eligible to practice in India without taking the exam.


Key Requirements:


- Registration in the UK: You'll need to register with the General Medical Council (GMC) in the UK, which involves verifying your medical degree and completing any necessary exams, such as the PLAB test.

- Specialist Registration: After completing your postgraduate degree in the UK, you'll need to register as a specialist doctor with the GMC. This registration might exempt you from the FMGE requirement in India.¹ ²

- Indian Registration: With your UK specialist registration, you can apply for registration with the National Medical Commission (NMC) in India. This might allow you to practice medicine in India without taking the FMGE exam.³


Steps to Consider:


1. Verify your medical degree: Get your medical degree from Belarus verified by the GMC in the UK.

2. Complete your postgraduate degree: Finish your postgraduate degree in the UK and register as a specialist doctor with the GMC.

3. Apply for Indian registration: Submit your application for registration with the NMC in India, providing your UK specialist registration and other required documents.

4. Check with Indian authorities Confirm with the NMC and other relevant authorities in India that you're eligible to practice medicine without taking the FMGE exam.


It's essential to consult with the GMC, NMC, and other relevant authorities to ensure you meet all the requirements. Additionally, consider seeking guidance from a medical professional or a consultant familiar with the registration process for international medical graduates.

Hi rachna

Pursuing medical studies or MBBS in the USA or Australia can be a bit complex, but I'll break down the steps for you:


USA:

1. *Undergraduate degree*: Complete a bachelor's degree in a science-related field (e.g., biology, chemistry, or physics) from an accredited US institution.

2. *MCAT*: Take the Medical College Admission Test (MCAT) to demonstrate your knowledge and skills in areas like biology, chemistry, physics, and critical thinking.

3. *Medical school*: Apply to medical schools in the US that are accredited by the Liaison Committee on Medical Education (LCME). Some popular medical schools include Harvard, Stanford, and Johns Hopkins.

4. *Clinical rotations*: Complete clinical rotations in various specialties during your final two years of medical school.

5. *Residency*: Apply for a residency program in your chosen specialty after graduating from medical school.

6. *Licensure*: Obtain a medical license by passing the United States Medical Licensing Examination (USMLE) series.


Australia:

1. *Undergraduate degree*: Complete a bachelor's degree in a science-related field (e.g., medicine, health sciences, or biomedical sciences) from an Australian institution.

2. *GAMSAT*: Take the Graduate Australian Medical Schools Admissions Test (GAMSAT) to demonstrate your knowledge and skills in areas like biology, chemistry, physics, and critical thinking.

3. *Medical school*: Apply to medical schools in Australia that are accredited by the Australian Medical Council (AMC). Some popular medical schools include the University of Melbourne, the University of Sydney, and Monash University.

4. *Clinical placements*: Complete clinical placements in various specialties during your final two years of medical school.

5. *Internship*: Complete a one-year internship after graduating from medical school.

6. *Residency*: Apply for a residency program in your chosen specialty after completing your internship.

7. *Registration*: Register with the Australian Health Practitioner Regulation Agency (AHPRA) to practice as a medical practitioner.


Additional Requirements:

1. *English language proficiency*: Demonstrate English language proficiency by taking exams like TOEFL or IELTS.

2. *Visa requirements*: Obtain a student visa for the US or Australia, depending on your country of origin.

3. *Financial support*: Demonstrate sufficient financial support to cover tuition fees, living expenses, and other costs.


Challenges:

1. *Competition*: Admission to medical schools in the US and Australia is highly competitive.

2. *High tuition fees*: Tuition fees for medical schools in the US and Australia can be very high.

3. *Different accreditation systems*: Medical schools in the US and Australia have different accreditation systems, which can affect the recognition of your degree in other countries.


I hope this helps! If you have more specific questions or concerns, feel free to ask.

Thanks

To get Permanent Residency (PR) in Australia, it's not required to pursue a master's degree on a student visa. You can apply for PR through different visa pathways like the Skilled Independent visa or Skilled Nominated visa, which are based on points. These visas assess factors like your age, education, work experience, and English proficiency.

However, studying in Australia can still help your PR chances. After completing a master's degree, you may be eligible for the Temporary Graduate visa, allowing you to work in Australia temporarily. This work experience can boost your points for a PR application.

It's important to know that recent changes in Australian immigration policies have led to an increase in student visa fees and stricter rules. From July 2024, the student visa fee was raised to A$1,600, and stricter measures are in place to prevent students from switching visas frequently.

In short, while studying in Australia can improve your PR prospects, it’s not the only way to apply for PR. You can still apply for PR through the points-based visa system without studying there. However, recent policy changes have increased fees and added regulations, so it’s a good idea to stay updated and consult with a migration expert to choose the best option for you.

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