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MSBA in Australia

October 1, 2023

630

Avg. GMAT

25+

Avg. Age

AUD 65K

Avg. Cost of Study

24 

Months Duration 

AUD 65K – 85k

Avg. Salary

Table of Contents

Why Study MSBA in Australia?

Students looking for advanced knowledge and abilities in the subject of data analytics and its applications in the business world have an interesting opportunity in Australia’s Master of Science in Business Analytics (MSBA) program. There is an increasing need for individuals who can successfully analyse and interpret complex data to support strategic and operational choices as firms increasingly rely on data-driven decision-making.

The MSBA programs in Australia are made to give students a solid grounding in analytical methods and business principles, empowering them to use data to solve practical business problems. To produce well-rounded experts in the field of business analytics, these programs incorporate coursework in statistics, data mining, machine learning, predictive modelling, data visualisation, and business strategy.

Learning MSBA in Australia has a number of benefits. First off, Australia is known for having a top-notch educational system and is home to prominent universities that provide cutting-edge coursework and business analytics research possibilities. Modern facilities and knowledgeable instructors who are actively engaged in both research and industry partnerships are available to students.

Additionally, the dynamic business climate in Australia offers many chances for MSBA students to network with corporate leaders and acquire real-world experience through internships, projects, and networking events. Global companies, startups, and consulting firms are well-represented in the nation and actively seek out business analytics specialists, which opens up exciting job opportunities for MSBA graduates.

Australia is a desirable location for overseas students seeking an MSBA because of its welcoming culture and multiracial society. The chance is there for students to interact with people from other backgrounds, encouraging cross-cultural dialogue, and growing their worldwide network.

Types of MSBA Offered in Australia

Australia is already a popular choice for students looking to pursue business analytics degrees abroad. Australian institutions provide a variety of Master of Science in Business Analytics (MSBA) programmes in response to the rising need for professionals with training in data analysis and decision-making. We shall examine the many kinds of MSBA colleges in Australia in this post, including details on their areas of specialisation and distinguishing characteristics.

1. MSBA full-time

This program is designed for students who want to focus all of their energy on their academic goals and earn their degrees more quickly. Since full-time MSBA programmes can continue for up to two years, students must stay on campus during class hours.

2. Part-time MSBA

Part-time programs, which are perfect for working adults balancing work and educational responsibilities, are available for anyone seeking a more flexible route to completing an MSBA degree. To accommodate students’ schedules, classes may be held on the weekends or in the evenings; while these courses may take longer than more traditional choices, they frequently require students to spend less time away from their offices.

3.Executive Programs

MSBA programs at the executive level are intended for seasoned business professionals who want to improve their skills and progress in their careers. These programmes often demand several years of expertise and provide a flexible schedule to take into account students’ employment situations.

4. Online Programs 

Students who enrol in online MSBA programs have the option of doing their coursework entirely online without having to attend many on-campus classes. These courses offer convenience, flexibility, and inspiring experiences that support student achievement.

Program Costs + Living Expenses : MSBA in Australia

AUD 35K – 65K

Avg. Tuition Fee

AUD 15K

Avg. Living Cost

AUD 15K – 3K

Avg. Transport Charges

65,000

Avg. Cost of Study

The most significant obstacle in students’ lives when it comes to studying abroad is expense. The cost of a master’s degree in business analytics in Australia is not very low, and both students and their parents frequently find it to be burdensome. Knowing this in advance might assist you in making decisions and planning how to secure the finances.

Tuition costs: These cover the university fees that each student is required to pay. In Australia, the cost of a business analytics course ranges from 30,000 to 60,000 AUD. Student loans can help to drastically lower these.

Cost of Living: The expenses you’ll incur as a foreign national are referred to as “living costs.” The average cost of living for an international student in Australia, including housing, food, transport, extras, and recreation, is 21,000 AUD per year. However, the majority of students are able to cover this expense by working a part-time job for 20 hours per week or roughly 3–4 hours each day.

There are several ways to pay for an overseas student’s education on the country-continent, whether you’re struggling financially or just want to look into scholarships.

Eligibility Criteria : MSBA in Australia

There are requirements you must meet in order to be a strong candidate for business analyst courses in Australia, just like there are in any other university and nation. Let’s examine each one in turn.

You must have completed your 10+2 an undergrad in business analytics (or a comparable discipline) with the minimal grade point average and score required for admission to a master’s program in business analytics.

Consistently good grades are essential to be considered for admission in Australia. Due to the high level of competition, it is crucial to demonstrate strong academic performance throughout your undergraduate studies.

Business schools in particular need applicants to take the GRE or GMAT and obtain the minimal score threshold. These exams make sure you are the best candidate and will pay off in the long run.

To be admitted to an Australian institution, you must pass the IELTS or TOEFL, much like in the majority of other English-speaking nations. The minimal band score varies by location, but generally speaking, IELTS 6.5 and the TOEFL equivalent are accepted.

After the eligibility criteria, we move on to the documents you will have to provide at the time of application to ensure you have evidence to prove all your eligibility. And obviously, every application procedure has a lot of paperwork.

  • Passport
  • Visa
  • Official Transcripts
  • SOPs
  • LORs
  • Resume
  • Work Experience Certificate
  • IELTS/TOEFL scorecard
  • GRE/GMAT scorecard
  • Financial Proof
  • Photographs
  • ID proof

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Types of Financial Aid Available : MSBA in Australia

Funding their studies abroad is a difficult task for the majority of international students. To encourage the immigration of students, the nation provides a number of scholarship opportunities to its students. Let’s look at the best choices you have for your future.

Regional Scholarships: South Asia

  • South Asian applicants are welcome to apply to the Kaplan Business School in Australia.
  • Value: Fee reduction or waiver

International Women in Leadership Scholarship at Monash University

  • This scholarship is provided to female applicants for the MBA degree at the Monash Business School and is awarded by the Leadership and Executive Education team.
  • Up to AUD 24,000 ANU in value Indian Excellence in Business and Economics Scholarship

Excellence Scholarship from the ANU College of Business and Economics in India

  • The scholarship is available to Australia National University applicants and is awarded to Indian students. It is paid in equal-year instalments.
  • Value: A$5,000 annually

The AGSM Excellence Scholarship and the AGSM Global Reach Scholarship

  • Students who are accepted into the AGSM full-time MBA program are eligible for these scholarships.
  • Value: Uncertain

Career Prospects : MSBA in Australia

After completing your master’s in business analytics courses in Australia, there are several career prospects looking out. Top companies hire hundreds of freshly graduated personalities to add to their firm every year. Let us now take a look at jobs after a master’s in business analytics in Australia and see where you fit the most!

As businesses and industries across the globe increasingly rely on insights gleaned from data analysis, the MSBA program offers a unique opportunity for students to immerse themselves in a dynamic learning environment, coupling theoretical prowess with hands-on experience. This introduction unveils the multifaceted dimensions of the MSBA program, highlighting its pivotal role in shaping the next generation of analytical leaders and fostering innovation in the ever-evolving landscape of modern business.

85%

Employed within 3 months of graduation

65K-85K

Avg. Salary

Most Sought-after Jobs

Business Intelligence Analyst

Data Analyst

Business Analyst

Data Scientist

Analytics Manager

Visa and Stay Prospects : MSBA in Australia

Visa Prerequisites: For eligibility to obtain a visa for pursuing the Master of Business Analytics program in Australia, the following criteria must be met:

  1. Hold citizenship in a non-exempt visa country.
  2. Possess a valid passport.
  3. Secure a confirmed enrollment at an Australian university.
  4. Demonstrate sufficient financial resources to sustain yourself during your study period.
  5. Fulfill the specified English language proficiency prerequisites. It is important to note that the specific visa prerequisites might differ based on your nationality. Detailed information can be accessed on the official Australian government website.

Visa Costs

The visa fees associated with enrolling in the Master of Business Analytics program in Australia vary contingent upon your nationality. To illustrate, individuals from India and China are required to pay AUD 630 for a student visa, while citizens of the United States and Canada are obligated to pay AUD 535.

Post-Course Stay in Australia

Upon successful completion of the Master of Business Analytics program in Australia, you are entitled to apply for a post-study work visa, allowing you to continue residing in Australia and engaging in employment for a span of up to 2 years. To qualify for the post-study work visa, the following criteria must be satisfied:

  1. Attainment of full-time educational course from an Australian university.
  2. Receipt of a valid job offer from an Australian employer.
  3. Adherence to the stipulated English language proficiency prerequisites. This post-study work visa presents an invaluable opportunity to accumulate work experience within Australia, thereby enhancing the prospects of acquiring a permanent residency visa.

Top 5 Colleges for MSBA in Australia

UniversityDetailsSuggested

University of Melbourne

  • Course length: 2 years
  • Specializations: Marketing Analytics, Operations Analytics, and Financial Analytics
  • Program Name: Master of Business Analytics

University of Melbourne MSBA

University of Sydney – Business School

  • Course length: 1.5 years
  • The curriculum covers data analysis, predictive modelling, machine learning, and data visualization

University of Sydney – Business School MSBA

University of Western Australia

  • Course duration: 1.5 years
  • Specializations available: Business Analytics or Marketing Analytics

University of Western Australia MSBA

Deakin University – Business School

  • Course length: 1.5 years
  • Curriculum: The program covers topics such as data analysis, data visualisation, data-driven decision-making, and predictive analytics.

Deakin University – Business School MSBA

La Trobe University

  • The Master’s in Business Analytics program from La Trobe University is a two-year full-time program.
  • The annual fee for International students is AUD$ 35,800 per 120 credit points.

La Trobe University MSBA

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MSBA in Australia

The specific prerequisites may vary between universities, but generally, applicants are expected to have a bachelor’s degree in a related field, such as business, economics, mathematics, statistics, computer science, engineering, or a related discipline. Some programs may require a basic understanding of programming languages and mathematics.

Graduates with an MSBA degree can pursue various career paths, including business analyst, data analyst, data scientist, business intelligence analyst, marketing analyst, financial analyst, and more. The demand for professionals with strong analytics skills is high across various industries.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Some Australian universities may offer scholarships or financial aid options for international students, but availability can vary. It’s essential to check the specific university’s website or contact their admissions or financial aid office for detailed information.

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