Masters in International Business in Australia: Your Guide

International business is primarily a study about different countries taking part in overseas trade and other things that concern the trading process. The future of a country’s financial health and overall economy highly depends on how the businesses are going with other countries. Studying Masters in International business in Australia can be a life-changing decision for an interested student. No one can deny that it has always been one of the most successful career choices for the past 4 to 5 decades.

Why mustn’t you lose the chance to study international business in Australia?

Undoubtedly, Australia has become a higher education hotspot for international students for its top-rated universities. From various courses to job opportunities, Australia provides students with one of the most student and youth-friendly environments. Studying Masters in International business in Australia can expose you to greater career opportunities even outside Australia. Learn what exactly Australia and its internationally recognized universities have for you to offer:

• Internationally acclaimed universities with brilliant rankings
• Affordable cost of pursuing masters in international business
• Well-designed course structure
• Can get job offers from both in and outside the country
• Can join research courses after finishing masters in international business
• Supporting, and skilled faculties to guide you
• The internship offers from well-known enterprises
• Plenty of scholarships
• Availability of the course in English
• A competitive but comfortable environment to study

Equivalent courses you should know about

• Master of Management 
• Master of Business Administration
• Master of Foreign Trade
• Master of Finance Management
• Master of Human Resource Development

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Top destinations in Australia for the students of international business

Securing a seat at a top university in Australia is no more a dreamlike phenomenon. Almost every university in Australia welcomes students from overseas. If you are intending to study masters in international business in Australia, you should do detailed research for choosing a university that meets all your needs. The below information about various Australian Universities and their QS ranking might help you to make an informed decision.

Estimated expenses of studying MS in international business in Australia

The overall expenses to study in Australia include tuition fees, accommodation, health cover, transportation, groceries, etc. To study Masters in international business in Australia, you have to pay nearly up to 75000 AUD as tuition fees. Though the tuition fees vary in different universities, it ranges between 40000 (21,33,962.86 INR) to 75000 (40,01,180.37 INR) AUD.

Australian people maintain a very high standard of living. So, the expenses may seem to be a little higher. Accommodation costs usually depend on where you are staying. It can be around 90 – 300 (4811.46 – 16,038 INR) AUD per week.

Then there are pre-arrival costs like flight ticket expenditure, application fees, expenses for visas, and health covers.

Scholarship programs of the Australian government and universities can help decrease the total expenses while studying in Australia. University scholarships generally pay a certain percentage of the total tuition fees. Some Government scholarship programs even pay for the living expenses, covering entire course fees.

Skills & Fields

Only studying would not bring you the best opportunities to strengthen your career. You must have some skills required to be an expert in this field. 

• Communication skill
• Patience 
• Risk-taking 
• Knowledge of technology
• Work under pressure
• Multiple language skills

The course international business has the word international within its name. The subject is spread across fields, and this is one of the popular reasons that make international business a renowned subject among students. 

• World economy
• International trade
• Import/export sectors
• Management
• Sales & advertisement
• Market analysis

Masters of International business in Australia: Student Admission Process

Eligibility: Bachelor’s degree in relevant subject

Language essentials: Students must be fluent in speaking English and have a good score in any of the English language proficiency tests.

Documents required: Visa, completed application form, personal declaration, GMAT score card

Deadlines of applications: Course starts in February and July

Course durability: 1-2 years

Eligibility criteria and documents required might vary. But almost every university asks for a GMAT score to get you admitted. Some universities accept undergraduates from other fields too. You should always check the facts by visiting the official websites and carry-out in-depth research.

Job Prospects after Masters in international business in Australia (with salary) 

International business is a course that can bring you career opportunities from all over the world. The more skilled, the more experienced you are, the higher salary you can expect, especially when you do a Master’s in international business in Australia. Though there is high competition in this field, you are more likely to get jobs after masters in international business in Australia if you opt to pursue your master’s in a top university in Australia.

The salary of people worldwide working in an International Business job profile varies from place to place. Here is a list of trending career paths

• Budget analyst
• Marketing analyst
• Financial management
• Human resource development
• Marketing management
• Interpreter/translator
• Import/Export agent
• Foreign sales representative
• Multinational manager
• Foreign currency investment advisor
• Business development director
• International management consultant

It also has scope for many government jobs in various fields. These are some fields you can choose from:

• Embassy
• Health care
• Aerospace industry
• Education sector
• Trade management sector

Visa and related requirements

You have to apply for a visa as soon as you decide to study master’s in Australia. Go to the Australian Embassy in your country. They will inform you all about the process and the documents you need. International students mostly choose student visas (subclass 500) which grant more facilities to the international students like you can stay there for 5 years during your course. But you need to fulfill all the criteria to be eligible to get your visa.

Students visa eligibility

• There is no maximum age specified to get a student visa in Australia
• Your English-speaking ability must be up to the mark
• You need to fulfill health requirements
• You must have enough money to reside there
• You need to show proof that you have joined a full-time course in a registered institute

Documents you need to submit to apply for a visa

• Passport or Birth Certificate 
• Proof of proficiency in English
• Evidence of full financial support

You must have health insurance to get a visa to stay in Australia so that in an emergency, expenses for your treatment can be covered without any hassles.

Is there any scholarship program available in Australia?

Most Australian universities are popular among international students for their quality education structure, unique courses, and excellent teaching faculties. Besides the students’ desire to study there, the universities themselves promote their courses providing more than 100 scholarship programs per year. Australian universities offer enormous scholarship programs for different courses at different levels. Suppose you are interested in studying for a Master’s in International business in Australia. In that case, you must choose a suitable scholarship as it can help you cover your entire tuition fees or at least cover 50 to 70 percent of your expenses.

The government of Australia provides some of the most popular scholarship opportunities to international students. They sometimes cover more than the total course fees. But a thing you must keep in mind is that you have to score a certain percentage to be eligible for these scholarships. However, some universities have a few programs that provide international students with some scholarship benefits.

There are many other scholarship programs for domestic and international students with different rewards. Go through all the scholarship-related details on the university’s official website in order to fulfill your dream of your pocket friendly overseas education

Disclaimer: All course fees and salaries are approximate amounts subject to change depending on various conditions.

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