Masters in Management in Australia

Are you looking for a way to supplement your existing degree to work at the top-level positions? Discover the best way to fuse your expertise with management knowledge and climb up the professional ladder.

Pursuing a Master’s in Management (MiM) in Australia is a prudent choice, considering that the country offers excellent prospects and lucrative starting salaries. MiM is a one to two-year course that offers extensive learning with respect to diverse streams such as entrepreneurship, finance, consulting, marketing, and more. You can expect to shell out between $35,000 and $80,000. Upon completion of the course, you can work in MNCs like Randstad, KPMG, Accenture, Gartner, and more.

So, if you want to know more about the MiM course in Australia, then this article has got you covered.

Highlights of Master's in Management in Australia

Duration	1– 2 years (part-time: can be extended to 3 years)
Course Type	Full-time
Mode of Study	On-campus
Tuition Fee Range (AUD)	$30,000-$70,000
Top Universities	The University of Melbourne, Australian National University, Monash University, University of Technology Sydney, Macquarie University, Victoria University, Deakin University, the University of Sydney, La Trobe University, and University of Wollongong
Popular Programs	Advanced Master of Management, MiM in Marketing, Master of Management Extension
Specializations	Accounting, Finance, Human Resources, Marketing, Accounting & Finance

Why Study Master’s in Management in Australia?

Studying at the best universities in Australia for a Master’s in Management is always a good move, considering the following reasons:

Australia is one of the foremost global management education destinations, offering the world’s highest-ranked institutions, premier courses, and diverse specializations.
MiM courses in Australia do not require any specific qualification or work experience. Students get a chance to explore this discipline even with one year of work experience (if required by the university).
Australian universities offer excellent industry interfaces, mentorship, and practical learning opportunities.
The average Master’s in Management salary in Australia is handsome, especially due to the country’s booming economy and rising demand for skilled management graduates in various fields.

Best Universities for Master's in Management in Australia

You can always pursue cutting-edge master’s courses with platforms like upGrad Abroad for higher cost savings and end-to-end support. Here are some of the leading institutions for MiM in the country:

Name of the Institution	Course Tenure	Cost of the Program (AUD)
Monash University	1–2 years (depending on prior qualifications)	$50,000
Australian National University	2 years	$54,934
The University of Melbourne	2 years full time/4 years part-time	$71,372
The University of Sydney	15 months	$47,500
La Trobe University, Melbourne	1 year	$38,400
Macquarie University	1–2 years (80 credit points)	$40,800
Victoria University	1 year	$29,700
University of Wollongong	2 years	$48,096
University of Technology Sydney	1.5 years full-time or 3 years part-time	$68,688 ($954 cost per credit point)

Source: University’s Official Website

Course Curriculum for Master's in Management in Australia

The course curriculum would differ based on the university. However, you can expect to study subjects such as:

Foundation

Business Analysis And Decision Making
Managing For Value Creation
Management Competencies
Fundamentals Of Finance

Core

Managerial Decision Analytics
Managing Behaviour In Organisations
Project Management
Marketing Management
People And Change
Human Resource Fundamentals
Entrepreneurial Practice

Eligibility Criteria for Master's in Management in Australia

The eligibility criteria for MiM courses in Australia varies based on the university. However, you would need to fulfill these requirements:

Academic Qualifications
Work Experience
English Language Proficiency Test Scores
Passport and Visa
Standardized Tests

Admission Requirements for Master's in Management in Australia

You must meet the following requirements to secure admission in the course:

Bachelor’s degree in any subject
Interview/other formalities
IELTS/TOEFL/PTE scores
GRE(326)/GMAT(680) scores
Work Experience: You should have at least two years or less of work experience

Necessary Documents

Academic transcripts and mark sheets
Scores of standardized examinations like GMAT, GRE, IELTS, and TOEFL.
Recent Resume
Personal Statement (SOP)
Student Health Insurance Proof
Proof of Fund
Valid Passport

Admission Process for Master's in Management in Australia

To seek admission to a top Australian university, you need to follow the below-given steps:

Select the college or university you desire to pursue the MiM course from and visit the university’s official website.
You should first check for the deadlines and cost of attendance (tuition fees and cost of living).
Gather all the desired documents and apply on the official college website.
Create your account to begin the process.
Then, you would need to upload the desirable documents on the website.
Upload copies of the indispensable documents required (mark sheets, GMAT/GRE scorecards/ Standard Proficiency Test).
Once you complete this, you will be intimated about your interview.
If you clear the same, you will be given a contingent contract letter.
Now, you would need to pay the course fees.

Application Deadlines for Master's in Management Courses in Australia

Here are the application timelines for MiM courses in Australia:

Name of the Institution	Application Deadline
University of Sydney	25 June 2023
The University of Melbourne	30 April 2023
University of Technology Sydney	15 January 2023 (applications closed)
University of Wollongong	31 March 2023
Victoria University	June 1, 2023
La Trobe University, Melbourne	31 January 2023
Macquarie University	February 07, November 08

Source: University Official Website

Cost of Studying Master's in Management in Australia

The average tuition fees range between $30,000 and $80,000 for MiM aspirants. It hovers based on the type of university you select—Public or Private. Apart from this you would need to manage your weekly expenses (excluding accommodation) roughly $900.

Visa Procedure for Master's in Management in Australia

The student visa subclass 500 allows staying in Australia for the study program tenure. Before applying, ensure you are enrolled in the course while holding the OSHC (overseas student health cover).

Here are the required documents:

Enrollment proof
Work experience and academic documents
Visa application fee payment receipt
A valid passport
Proof of funds
English language proficiency score sheet
GTE (Genuine Temporary Entrant) statement
Health insurance policy information
Photographs (passport-size)
SOP (Statement of Purpose)

Scholarships and Financial Aids for Master's in Management in Australia

If the cost of attendance for pursuing a MiM in Australia has got you thinking about looking for lesser reputed opportunities, then wait! Some top scholarships available for international students will keep your financial worries at bay.

Scholarship Name	Scholarship Amount
Dean's Excellence Scholarship Program	$9,458
Melbourne Graduate Scholarship	Waiver of 25–100% on fees
Macquarie Vice-Chancellor’s International Scholarships	$10,000
Postgraduate Academic Excellence Scholarship	25% or 35% of tuition fees (might vary based on the university)
Monash International Merit Scholarship	AUD 10,000
La Trobe College Excellence Scholarship	Deductions of 15%, 20%, and 25% on tuition costs (annual)
UOW Alumni Postgraduate Scholarship	10% waiver on tuition fee
Destination Australia	$15,000

Source: University’s Official Website

Most of them are time-sensitive with deadlines in place. Therefore, consider these timely before you plan your MiM from Australia.

Are you still not sure how studying in Australia can be a game-changer for you? Reach out to our study-abroad experts for comprehensive advice.

Career Opportunities after Studying Master's in Management in Australia

MiM broadens the overall career scope of aspirants with good salaries and employment security. MiM graduates annually on an average earn $81,000 in Australia, per Payscale. Job roles include product manager, general manager, business development manager, operations manager, executive manager, project manager, capital and risk manager, management consultant, etc. You can explore the following questions after completing a MiM course in Australia.

Job Roles & Average Salary for MiM Graduates

Job Roles	Annual Average Salary
Public Relation Manager	$60,412
Business Development Manager	$67,062
Development Manager	$67,062
Human Resource Manager	$79,931

Source: Indeed

Some of Australia's biggest recruiters of management graduates include Rio Tinto, Tesla, Clayton UTZ, PwC, Westpac, Accenture, Wesfarmers, BHP Billiton, GE Capital, and more.

Why a Master’s in Management Over MBA Courses?

Those looking to earn business management degrees usually apply at leading MBA universities and colleges. Many students find the admission criteria and program costs hard to manage, so they look for easier alternatives like a master's in management or MiM, a globally valued degree that provides a cost-effective option than MBA and does not have stringent work experience requirements. Moreover, a two-year MBA would require you to take up an internship experience.

In a nutshell, the country provides a plethora of opportunities to international students. The program will help you to secure your desired job. So, if you are still not sure how to manage the admission process, our experts can make it easier for you.

Disclaimer! All course fees and salaries are approximate amounts subject to change depending on various conditions. All the figures mentioned are in Australian dollars.

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