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

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

Edited By M Anusha | 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.

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

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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Australia is home to several prestigious universities offering Aerospace Engineering programs. These programs are designed to equip students with advanced knowledge and skills in designing, developing, and maintaining aircraft, spacecraft, and related systems. Some of the top universities for Aerospace Engineering in Australia include:


1. **University of Sydney**: Known for its comprehensive aerospace program, the University of Sydney offers a Bachelor's and Master's in Aerospace Engineering. It provides hands-on learning through state-of-the-art facilities and industry partnerships.

2. **Monash University**: Monash is renowned for its research in engineering and offers a well-rounded Aerospace Engineering program that includes both theoretical and practical components.


3. **University of New South Wales (UNSW)**: UNSW is one of the leading engineering schools in Australia and offers a top-tier Aerospace Engineering program, emphasizing innovation and cutting-edge technology.


4. **RMIT University**: RMIT in Melbourne offers a Bachelor of Engineering (Aerospace Engineering) (Honours), focusing on the practical aspects of aeronautical and space systems.


These programs usually require students to have strong backgrounds in physics and mathematics. Admission typically involves meeting specific academic criteria and, in some cases, interviews or entrance exams. Graduates have excellent job prospects in both the aviation and space sectors, within Australia and globally.

Hi there,

Hope you are doing fine.

Yes it is possible to pursue a Masters in Education (M.Ed) in Australia with a bachelor’s degree in engineering (B.E). Australian universities have flexible entry requirements and value diverse academic backgrounds. However you will need to meet specific admission criteria set by the universities you are interested in.

To enhance your application you can highlight any relevant experience you have in teaching, training or educational projects. Some universities might also require you to submit a statement of purpose explaining your interest in transitioning to education and how your background in engineering could contribute to your study and future career in education.

You should review the specific requirements for each university and program by reaching out to the admissions offices of the universities you are interested in to confirm their acceptance criteria and discuss your unique background.

Hope this resolves your query.

A B.Ed. from IGNOU may be recognized but requires additional assessments in the UK, Australia, and New Zealand.

  • UK : Assessment by UK ENIC and possibly additional qualifications like a PGCE.
  • Australia : Evaluation by AITSL and meeting state-specific criteria.
  • New Zealand : Assessment by the Teaching Council of Aotearoa New Zealand, including possible English proficiency and practical teaching requirements.

Further qualifications or training might be necessary in each country.


For migrating to Australia with a high visa success rate, both commerce and medical fields offer strong opportunities, but they differ significantly:

  1. Medical Field :

    • High Demand : Healthcare professionals (doctors, nurses, allied health) are in high demand.
    • Visa Success : Higher chances due to skill shortages.
    • PR Pathway : Clear pathways for permanent residency.
    • Career Options : Wide range of opportunities with good pay.
  2. Commerce Field :

    • Opportunities : Demand for accountants, finance professionals, and business analysts.
    • Visa Success : Good, but dependent on specific roles and skill shortages.
    • PR Pathway : Viable but might require additional qualifications or experience.
    • Career Options : Diverse opportunities in finance, business, and management.

Choose based on your interests, skills, and long-term career goals.

hope this helps you!!

Hy,

Studying veterinary courses in Australia and securing a scholarship can be an excellent opportunity. Here’s a guide on how to pursue veterinary studies in Sydney and find scholarships:

Choosing a Veterinary Program in Sydney

Several universities in Sydney offer veterinary programs, including:

  • University of Sydney : Offers a Doctor of Veterinary Medicine (DVM) program.
  • University of New South Wales (UNSW) : Offers related programs but does not have a veterinary program. Check for related courses or alternative pathways.
  • Western Sydney University : Offers a Bachelor of Veterinary Science.

Applying to Universities

  • Research Programs : Visit the websites of these universities to understand their veterinary programs, entry requirements, and application deadlines.
  • Meet Entry Requirements : Ensure you meet the academic and English language requirements for the veterinary programs. This usually includes high school qualifications, English proficiency tests like IELTS or TOEFL, and sometimes an interview or entrance test.

Scholarships

University-Specific Scholarships

  • University of Sydney : Offers scholarships for international students, such as the Sydney Scholars Program. Check their scholarships page for specific awards related to veterinary science.
  • Western Sydney University : Offers various scholarships for international students, including those for specific programs or merit-based scholarships.

External Scholarships

  • Australian Government Scholarships : Look for scholarships offered by the Australian government, such as the Australia Awards Scholarships, which cover tuition fees, living costs, and other expenses.
  • Private and Non-Governmental Organizations : Various organizations offer scholarships for international students. Websites like Scholarship Portal, Study in Australia, and the DAAD (German Academic Exchange Service) often list opportunities.

Applying for Scholarships

  • Identify Opportunities : Start by identifying scholarships that you are eligible for. This can include university-specific scholarships, government scholarships, and private scholarships.
  • Prepare Documents : Common requirements include academic transcripts, proof of English proficiency, letters of recommendation, and a personal statement or essay.
  • Submit Applications : Follow the application process outlined by the scholarship provider. Be mindful of deadlines and ensure all required documents are submitted accurately.

Additional Tips

  • Contact University Admissions : Reach out to the admissions office of the universities you are interested in for guidance on scholarships and the application process.
  • Stay Organized : Keep track of scholarship deadlines and requirements to ensure you don't miss any opportunities.
  • Prepare Financially : Even with a scholarship, you may need to cover some expenses. Plan your budget accordingly.

Useful Resources

  • University Websites : For specific scholarship information and application procedures.
  • Study in Australia Website : For comprehensive information about studying in Australia, including scholarships.
  • Scholarship Portals : Websites like Scholarship Portal and Studyportals for finding scholarships and financial aid.

By carefully researching programs, preparing your application materials, and applying for scholarships, you can enhance your chances of securing funding for your veterinary studies in Sydney.

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