Top Universities In Australia For Accounting And Finance: THE Ranking

Top Universities In Australia For Accounting And Finance: THE Ranking

Edited By Rahul Shrivastava | Updated on May 07, 2024 12:16 PM IST

In the Times Higher Education (THE) World University Rankings, the field of accounting and finance falls within the broader category of Business and Economics. In the latest ranking cycle, a total of 846 universities worldwide were evaluated specifically for accounting and finance programmes.

The performance of universities across Australia in THE's ranking for accounting and finance reflects their popularity as they offer quality education in business studies along with reasonable fees and quality life post course completion. Notably, six popular universities in Australia for accounting and finance secured ranks among the global top 100 institutions in this field.

Top Universities In Australia For Accounting And Finance: THE Ranking
Top Universities In Australia For Accounting And Finance: THE Ranking

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However, among the top 50, Australia had two universities making the list, indicating the intense competition among leading global institutions in this field. In total, there are 34 top universities in Australia for Accounting and Finance which were assessed and ranked by THE across various parameters such as – teaching faculty, research, citations, international outlook and industry income.

Top Universities in Australia for Accounting and Finance

At the forefront, is the University of Melbourne holding a 41st rank globally. This university's strong reputation is built on its rigorous academic programmes, distinguished faculty, and extensive industry-academia connections that help students to keep abreast with industry trends.

Monash University which is another compelling choice for masters in accounting and finance in Australia is ranked at 46th position globally. Known for its innovative approach to education and research, Monash offers a diverse range of accounting and finance programmes. Its emphasis on practical learning and industry partnerships ensures that their accounting and finance graduates are well-prepared for the demands of the ever changing global financial landscape.

At the 55th rank is the Australian National University (ANU) and the University of Sydney at 70th place. Both are noteworthy campuses offering masters in accounting and finance in Australia. ANU is known for its research excellence and offers a solid foundation in students pursuing accounting and finance studies. The University of Sydney, one of the top-tier universities globally for masters in accounting and finance in Australia is an institution with a longstanding history of being a reputable business school. It provides students with a robust curriculum and access to a vibrant professional network in the finance sector.

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After the top 100, THE does not provide ranks but ‘rank bands’ for universities ranking between 101-125 rank. Students may find well-established institutes in this group of universities as well. Universities like Queensland, Griffith, Macquarie, and the RMIT which fall in this bracket are among the best university for master of professional accounting in Australia. These institutions may present valuable opportunities for Indian students seeking a more diverse academic experience or specific research interests in accounting and finance.

Best University for Accounting in Australia: THE Ranking

THE Rank

University

41

University of Melbourne

46

Monash University

55

Australian National University

70

The University of Sydney

74

The University of Queensland

97

UNSW Sydney

101–125

Queensland University of Technology

126–150

Griffith University

126–150

Macquarie University

126–150

RMIT University

Note: Times Higher Education assigns ranking ranges for universities beyond the 100th rank.

Top Universities in Australia for Accounting and Finance: Tuition Fees

For Indian students aspiring to study at top universities in Australia for Accounting and Finance, the table given below offers valuable insights and helps you pick the best university for master of professional accounting in Australia. It's evident from the data that the University of Sydney and UNSW Sydney have the highest tuition fees amounting to AUD 56,500 and AUD 56,160 respectively. These institutions are prestigious and are located in Sydney, a major financial hub in Australia, which might justify their higher fees due to the proximity to industry and opportunities for networking.

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The University of Melbourne and The University of Queensland charge around AUD 52,428 and AUD 48,160 respectively. Australian National University and Macquarie University follow closely with fees around AUD 48,035 and AUD 43,200 respectively. As we look at universities ranking below 100, the tuition fees decrease notably, with universities offering more affordable options ranging from AUD 37,600 to AUD 33,125 annually.

It is advised that one must consider several factors beyond tuition fees when choosing

a university for masters in accounting and finance in Australia. While the cost of education is important, other aspects such as location, reputation of the institution, curriculum, faculty, campus facilities, and opportunities for internships or placements should also be carefully evaluated.

Best University for Master of Professional Accounting in Australia: Tuition Fees

University

Annual Tuition Fees (In AUD)

The University of Sydney

56,500

UNSW Sydney

56,160

University of Melbourne

52,428

The University of Queensland

48,160

Australian National University

48,035

Macquarie University

43,200

Queensland University of Technology

37,600

Griffith University

37,000

RMIT University

36,480

Monash University

33,125

Note: Fees are given in descending order

Best University for Accounting in Australia: Full Time Equivalent (FTE) and International Students

For Indian students considering top universities in Australia for Accounting and Finance studies, the data given below gives information on where to pursue their education.

One noticeable trend is the significant proportion of international students at the best university for accounting in Australia, which can be crucial for Indian students seeking a diverse academic environment. For example, the University of Sydney stands out with 51 per cent of its student body being international, amounting to 29,281 students. Similarly, the University of Melbourne and ANU also have substantial international student populations, indicating a cosmopolitan atmosphere that can be beneficial for Indian students looking for global exposure.

Furthermore, the table reveals variations in international student percentages across different universities. While institutions like Queensland University of Technology and Griffith University have lower percentages of international students (14 per cent and 15 per cent respectively), others like the University of Sydney and ANU have much higher proportions (51 per cent and 48 per cent respectively). This diversity in international representation could influence the overall student experience, offering opportunities for cross-cultural interactions and networking.

Overall, for Indian students looking forward to pursue masters in accounting and finance in Australia, the analysis of FTE student numbers and international student ratios across top universities in Australia for Accounting and Finance provides a valuable starting point for evaluating academic environments, campus diversity, and potential networking opportunities within the field.

Masters in Accounting and Finance in Australia: FTE Students and International Students

University

No. of FTE Students

No. of International Students

University of Melbourne

51,307

24114

Monash University

58,460

22215

Australian National University

17,293

8301

The University of Sydney

57,414

29281

The University of Queensland

42,847

17996

UNSW Sydney

47,044

18818

Queensland University of Technology

35,164

4923

Griffith University

34,770

5216

Macquarie University

30,371

6682

RMIT University

32,574

11075

With six universities ranking within the top 100 globally for accounting and finance, Australia offers a range of distinguished institutions catering to diverse academic interests and career aspirations. The analysis of tuition fees and student demographics at the top universities in Australia for Accounting and Finance further aids Indian students in making informed decisions about where to pursue their studies. Ultimately, Australian universities listed in THE's accounting and finance rankings provide a solid foundation with each institution offering unique strengths and opportunities for academic and professional growth in the dynamic field of accounting and finance.

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