Masters of International Business in Australia is a 2 Year long program which can be completed in between 1-2 years depending on your level of qualification and previous work experience. The minimum admission requirements for Masters of International Business in Australia is to have an undergraduate degree in any discipline or equivalent, IELTS score of 6.5 or above or TOEFL score of 80+. Work experience is not required but it will act as an added benefit to the applicant and help in completing the course in a shorter amount of time.
The indicative total tuition fees stated by the top universities in Australia for the graduate degree of Masters of International Business is 60,000 AUD- 95,000 AUD (32-52 Lakh INR). After completing your graduate degree of Masters of International Business in Australia one can work as a Marketing Manager, Financial Analyst, Business Analyst among other professions and earn an average annual salary of 70,000 AUD- 90,000 AUD (38-49 Lakh INR).
Masters of International Business in Australia: Course Highlights
| Program | Masters of International Business |
| Program Type | Full-time, Part-time |
| Program Duration | 1 - 2 Years |
| Eligibility Criteria | An undergraduate degree in any discipline, or equivalent |
| GPA | 2.0 on the scale of 4.0 |
| English Proficiency Requirements | IELTS: 6.5 or above | TOEFL: 80+ |
| Tuition Fee Range | 60,000 AUD- 95,000 AUD (32-52 Lakh INR) |
| Average Salary | 70,000 AUD- 90,000 AUD (38-49 Lakh INR) |
Masters of International Business in Australia: Top Universities
Given below are some of the top universities offering Masters of International Business in Australia which includes University of Melbourne, University of Sydney, University of Newcastle among others and their respective admission deadlines and total tuition fees charged for Masters of International Business:
| University | Program | Deadlines | Total Tuition Fees (AUD) |
|---|---|---|---|
| University of Melbourne | Masters of International Business | 30 April 2023 | 97,809 |
| University of Sydney | Masters of International Business | 25 June 2023 | 67,000 |
| University of Queensland | Master of Business (International Business) | 31 May 2023 | 88,576 |
| University of Newcastle | Masters of International Business | 23 April 2023 | 61,000 |
| Macquarie University | Masters of International Business | 10 July 2023 | 81,600 |
Why study Masters of International Business in Australia?
- In trend terms, in December 2022: unemployment rate remained at 3.5% in Australia and the participation rate remained at 66.7%.
- Australian universities are renowned for their excellent study and educational offerings. Eight Australian institutions are listed among the top 100 universities worldwide for business and management studies in the QS World University Rankings 2023.
- Masters in International Business from Australia is recognized internationally, with many universities gaining accreditation from prestigious authorities such as the Association to Advance Collegiate Schools of Business (AACSB).
- After Masters of International Business in Australia one can work as a Marketing Manager, Financial Analyst, Business Analyst among other professions and earn an average annual salary of 70,000 AUD- 90,000 AUD (38-49 Lakh INR).
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Masters of International Business in Australia: Admissions
An international business degree opens various doors of management markets, allowing students to explore careers like auditor, compliance officer, marketing executive, mediator, management consultant, and much more. Pursuing a masters in international business in Australia will not only open doors to work in Australia and New Zealand but also to work in other popular countries. And to get admission into Masters of International Business in Australia you would need to fulfill the admission requirements set by the top universities. The following section discusses admission requirements for Masters of International Business in Australia.
Masters in International Business in Australia: Eligibility Criteria
All the top universities offering Masters of International Business in Australia have a set of eligibility criteria set for admissions to the program, but there are some common admission requirements like academic degree required, minimum GPA requirement, experience required.
- Academic Degree- An undergraduate degree in any discipline, or equivalent
- Minimum GPA- 2.0 on a scale of 4.0
- English Proficiency Test Score- IELTS: 6.5 or above or TOEFL score: 80+
- Statement of Purpose (SOP)- A 500 word letter of intent on why you want to join the program of Masters of International Business in Australia and what are your future plans.
- Experience- Professional work experience is not required but is appreciated by the universities.
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Masters of International Business in Australia: Admission Requirements
Given below are the top universities and their specific admission requirements for Masters of International Business in Australia including academic degree requirements, IELTS score requirement and the documents required to apply for the program:
| University | Academic Requirement | IELTS Score | Additional Documents |
|---|---|---|---|
| University of Melbourne | An undergraduate degree in any discipline, or equivalent | 6.5 or above | SOP, Transcript(s) |
| University of Sydney | A bachelor's degree or higher in a related discipline with a credit average (65 percent) or equivalent qualification | 7.0 or above | SOP, CV, Transcript(s) |
| University of Queensland | A bachelor's degree (or equivalent) in any discipline, with GPA 2 on a scale of 4.0 | 6.5 or above | SOP, Transcript(s) |
| University of Newcastle | Bachelor Degree, or an equivalent or higher qualification, in the discipline | 6.5 or above | SOP, CV, Transcript(s) |
| Macquarie University | A bachelor's degree (or equivalent) in any discipline | 6.5 or above | SOP, Transcript(s) |
Masters in International Business in Australia: Cost of study
Australia can be an expensive country to live in for International students. The cost of study in Australia can be different for every student depending on the choice of university and the city they are living in. The cost of study includes the tuition fee and the cost of living in Australia. The average annual cost of study in Australia ranges from 60,000 AUD to 90,000 AUD (34-51 lakh INR).
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Masters of International Business in Australia: Tuition Fees
The following table shows the total tuition fees for Masters of International Business in Australia stated by the top universities and the Indian rupee equivalent to that:
| University | Total Tuition Fees (AUD) | Fee for Indian Students (INR) |
|---|---|---|
| University of Melbourne | 97,809 | 53.70 Lakh |
| University of Sydney | 67,000 | 36.78 Lakh |
| University of Queensland | 88,576 | 48.63 Lakh |
| University of Newcastle | 61,000 | 33.49 Lakh |
| Macquarie University | 81,600 | 44.80 Lakh |
Cost of living in Australia
Apart from the tuition fees, a student applying for higher education in Australia should also consider the cost of living in Australia. The below given cost is the average monthly expenditure for a student living in Australia including accommodation, food, living and traveling in Australia.
| Type of Expenses | Cost Per Week in AUD | Equivalent Cost in INR |
|---|---|---|
| Hostels & Guesthouse | 90-150 | 5,000-8,430 |
| Share Rentals | 95-215 | 5,340-12,000 |
| On-campus | 110-280 | 6,200-15,740 |
| Homestay | 235-325 | 13,200-18,200 |
| Groceries & Eating Out | 140-280 | 7865-15,740 |
| Public Transport | 30-60 | 1,690-3,370 |
| Entertainment | 80-150 | 4,500-8,430 |
Scholarships available in Australia for Masters
Students seeking to study in Australia can avail different scholarships offered by the Australian Government to international students. As pursuing masters in Digital Marketing in Australia can get very expensive plus the cost of living, it is highly recommended to the student to go through the list of popular awards and studentships available to them and plan their expenses accordingly.
| Scholarship | Awarded by (private/government/university) | Eligibility | Award Value |
|---|---|---|---|
| Monash International Merit Scholarship | Monash University | Based on academic achievement Students will also be assessed on their scholarship application statement (500 words), and their potential to be an ambassador for Monash University | 10000$ every year for 3/4/5 Years degree. |
| MGSM Scholarship | Macquarie University | Academically outstanding international applicants enrolled in a masters program at Macquarie | Up to 25% on tuition fee |
| Australian Government Research Training Program | Australia Government | Students pursuing Masters or Research Program in Australia | Tuition fee, living expenses, and other allowances |
| RMIT Research Stipend Scholarship | RMIT University | Available for international students pursuing master’s or doctoral programs at RMIT | 31,000 AUD as tuition fee waiver |
| Endeavor PG Scholarship Awards | Government of Australia | International candidates enrolled in masters or Ph.D. courses in Australia | Tuition fee, travel, and other allowances, health insurance |
| India Early Acceptance Scholarship | Macquarie University | Awarded to eligible Indian students who commence their studies from 2023 | 10,000 AUD per year for course duration |
Masters of International Business in Australia: Job Opportunities
After completing your graduate degree of Masters of International Business in Australia one can work as a Marketing Manager, Financial Analyst, Business Analyst among other professions and earn an average annual salary of 70,000 AUD- 90,000 AUD (38-49 Lakh INR).
| Profession | Average Salary (AUD) | Salary for Indian Student (INR) |
|---|---|---|
| Marketing Manager | 82,000 | 45.02 Lakh |
| Financial Analyst | 77,188 | 42.37 Lakh |
| Business Analyst | 78,530 | 43.11 Lakh |
| Operations Manager | 86,215 | 47.33 Lakh |
| Campaign Manager | 71,792 | 39.41 Lakh |
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Masters of International Business in Australia: Degree Comparison
Masters of International Business in Australia vs in Canada
| Parameter | Degree in Australia | Degree in Canada |
|---|---|---|
| Duration | 1-2 Years | 1-2 Years |
| Average tuition fees | 60,000 AUD- 95,000 AUD (32-52 Lakh INR) | 20,000 CAD- 50,000 CAD (12-30 Lakh INR) |
| Cost of living | 20,000 AUD- 30,000 AUD (11-16 Lakh INR) | 12,000 CAD- 18,000 CAD (7-10 Lakh INR) |
| Visa | Student Visa | Study Permit |
| Average salary | 70,000 AUD- 90,000 AUD (38-49 Lakh INR) | 50,000 CAD- 80,000 CAD (30-48 Lakh INR) |
| English language proficiency tests | IELTS: 6.5 or above TOEFL: 80+ | IELTS: 6.5 or above TOEFL: 86+ |
Australia offers a variety of Masters of International Business programs that cater to different interests and career goals. These programs provide students with a comprehensive understanding of international business concepts, strategies, and practices, as well as the skills needed to succeed in a global business environment. The country's strong economy and thriving business sector also provide ample opportunities for students to gain practical experience through internships and other work opportunities. While the cost of studying and living in Australia may be higher than in some other countries, the high-quality education, supportive academic environment, and diverse cultural experiences can make it a worthwhile investment.
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FAQs
Ques. What are some of the top universities offering Masters of International Business in Australia?
Ans.The University of Queensland, University of Melbourne, University of Sydney, University of Newcastle, and La Trobe University are some of the top universities offering Masters of International Business in Australia.
Ques.How much does a Masters of International Business in Australia cost?
Ans.The indicative total tuition fees stated by the top universities in Australia for the graduate degree of Masters of International Business is 60,000 AUD- 95,000 AUD (32-52 Lakh INR). And the average cost of living in Australia is 20,000 AUD- 30,000 AUD (11-16 Lakh INR) per year.
Ques.What is the eligibility for Masters of International Business in Australia?
Ans.The minimum admission requirements for Masters of International Business in Australia is to have an undergraduate degree in any discipline or equivalent, IELTS score of 6.5 or above or TOEFL score of 80+. Work experience is not required but it will act as an added benefit to the applicant and help in completing the course in a shorter amount of time.
Ques.How much salary can I earn with a Masters of International Business in Australia?
Ans. After completing your graduate degree of Masters of International Business in Australia one can work as a Marketing Manager, Financial Analyst, Business Analyst among other professions and earn an average annual salary of 70,000 AUD- 90,000 AUD (38-49 Lakh INR).
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