690
Avg. GMAT
25
Avg. Age
$ 70K
Avg. Cost of Study
12
Months Duration
$ 95K
Avg. Salary
Masters in Management (MiM) in Australia
Australian Masters in Management (MiM) programs have become popular among students looking for a thorough business education and a road to a rewarding management job. Australia, which is renowned for its top-notch educational system, thriving economy, and cosmopolitan population, provides the perfect environment for studying MiM. Australia’s top colleges and business schools provide MiM programs that integrate academic brilliance, real-world experience, and linkages to the industry.
The main goals of MiM programs in Australia are to give students a solid foundation in business principles, leadership abilities, and a global perspective. Core courses in subjects like marketing, finance, strategy, and organisational behaviour are frequently included in the curriculum, along with elective choices that let students focus on their interests. The courses emphasise team projects, case studies, experiential learning, and cooperation amongst industries to improve practical knowledge and equip graduates for the difficulties of the corporate world.
For MiM graduates, there are numerous employment options in Australia’s corporate environment. Major cities like Sydney, Melbourne, and Brisbane are dynamic business hubs that are home to startups, international organisations, and entrepreneurial endeavours in a variety of industries.
Graduates looking for managerial positions across a range of industries benefit from the nation’s strong economy, stable business climate, and emphasis on innovation. Furthermore, Australia’s close ties to the Asia-Pacific area give students the chance to develop a global perspective and research employment options abroad.
Is it Worth Pursuing MiM in Australia?
There are several reasons to enroll in an Australian masters in management program, including the following:
- Students do not need to have a specific educational background or professional experience to enroll in a MIM program in Australia. Students can apply for this program in Australia with as little as one year of professional experience, if required by the universities, and can be admitted immediately after graduation.
- A globally focused program emphasizing worldwide experiences and collaboration with the business market and networks is provided by studying at MIM Australia.
- One of the most well-known programs in Australia is MIM, which combines rigorous academic instruction with a variety of optional alternatives including business ethics or web-based business.
- MIM Australia courses provide students obtain considerable exposure to the world in the commercial sector.
MiM Course Duration in Australia
The course duration for a Masters in Management (MiM) program in Australia can vary depending on several factors, including:
- Institution: Universities have some autonomy in setting program structures.
- Course format: Full-time programs typically take less time to complete compared to part-time options.
- Specialization (if offered): Some specialized MiM tracks might have slightly longer durations.
Here’s a breakdown of what to expect:
- Most Common Duration: The typical duration for a full-time MiM program in Australia is 1.5 years (3 semesters). This is the most popular format for recent graduates seeking a quick entry into the workforce.
- Alternative Options: Some universities offer MiM programs in a 1 year (2 semesters) full-time format, catering to highly motivated students with strong academic backgrounds.
- Part-time Programs: For working professionals seeking to balance studies with their careers, part-time MiM programs can take 2-4 years to complete. The exact duration depends on the course structure and the number of courses taken per semester.
Finding the Right Fit
When researching MiM programs in Australia, consider the following factors to find the duration that best suits your needs:
- Your Academic Background: Recent graduates might find a 1.5-year program ideal, while working professionals might prefer a part-time option.
- Learning Pace: Consider your preferred learning pace and whether a faster-paced 1-year program or a more spread-out part-time format suits you better.
- Career Goals: If you need to enter the workforce quickly, a shorter program might be more suitable. For those seeking to enhance their existing skills while working, a part-time option offers flexibility.
Note:
- Always refer to the specific program website for the most up-to-date information on course duration and format.
- Contact the university admissions office if you have any questions about program structure or duration. They can help you find the best fit for your academic and career goals.
Top MiM Colleges in Australia 2024
1. University of Sydney Business School
- Access to business projects with industry leaders
- Personalized career coaching
- Complete the program in one year
Who is it for?
- Recent graduates from any area of study
- Individuals with no prior work experience
- Those seeking experience in essential areas of business, from strategy to digital innovation
Class size
- Around 50 students
Key information
- Duration: 15 months full-time (part-time available)
- Intake: Semester 1 or 2 (check semester start dates)
- Location: Sydney CBD, Castlereagh Street
- Study mode: Face to face
Important Links
2. Macquarie University
Study options
- Part Time
- Full Time (1 year, 1.5 years, or 2 years)
- In person, on campus
Fees
- Domestic Fee-paying: Estimated AUD $32,300 per year
Location and start dates
- North Ryde campus
- February & July intakes
Important Links
3. University of Wollongong
- Develop key management skills and knowledge (theory & practical)
- Coursework: Organizational structures, leading change, project management, competitive advantage
- 2 year program: Can be combined with another Master’s from Sydney Business School (optional)
- Financial Aid: Fee subsidies available for domestic students (up to 75%)
- Study options: On-campus or Distance learning (virtual classes)
Important Links
4. University of Technology Sydney
The Master of Management enables students to develop an enterprise-wide view of organisations embedded in a global society, integrating views from back-office/shop-floor to boardroom to town-hall meetings. Such a view is deemed essential to prizing the work, people, places and processes needed in a publicly scrutinized global business environment.
Gain the knowledge, skills and conceptual frameworks to enable you to identify, question and, through deliberative processes, respond effectively to the complex and demanding issues. Public expectations of post-graduate managers are necessarily high in being prepared to make, defend and be morally accountable for their judgements impacting on people, communities and ecosystems.
Important Links
Eligibility Criteria for MiM in Australia
In Australia, there are many requirements for admission to MIM colleges. However, the following are the main criteria:
Academic Qualifications
- English Language Proficiency Test Scores
- Work Experience
- Standardised Tests
- Passport and Visa
Let’s get specific:
Academic Background
International students must possess a business administration bachelor’s degree from an accredited university with a grade point average of at least 50%.
Test results for English language proficiency
While some institutions require GRE or GMAT results, others do not. But to be admitted, a person must be fluent in English and have a valid TOEFL, IELTS, or PTE score. The English Proficiency Tests’ overall score is:
- GRE scores of 326 and 680
- 6.0 IELTS, 330 TOEFL
- Experience at Work
- foreign students that are interested in To pursue MIM in Australia, must have no more than two years of job experience.
Uniformed Tests
For the MIM program, the majority of Australian universities require a GMAT score; a select few illustrious foundations accept GRE scores. Verify the GMAT or GRE requirements set by the college you are applying to.
Documents Required for MiM in Australia
The necessary paperwork must be submitted to get admitted to one of the leading universities in Australia for a MIM degree.
- Academic transcripts
- LORs & SOPs
- Valid passport
- Proof of funds
- GMAT/GRE results
- IELTS, TOEFL, and PTE results
- Scores on entrance tests, if applicable
- Health Insurance for Students’ Proof
MiM in Australia with GMAT & without GMAT
The Graduate Management Admission Test (GMAT) has traditionally been a key component of applications for Master of Management (MiM) programs globally. However, in Australia, the landscape is shifting. Here’s a breakdown of your options:
MiM in Australia with GMAT
- Many Programs Still Consider GMAT: While not universal, a significant number of Australian universities still require or recommend GMAT scores for MiM programs. This is particularly true for top-ranked institutions or programs with a strong quantitative focus.
- Competitive Advantage: A strong GMAT score can enhance your application, especially if your GPA or work experience falls short of the ideal mark. It demonstrates your quantitative reasoning and analytical skills, valuable assets in the business world.
Benefits of Applying with GMAT
- Wider Program Choice: You’ll have access to a broader range of MiM programs in Australia, including those at prestigious universities.
- Potential for Scholarships: Some scholarships might consider GMAT scores as part of the selection criteria. A high score can strengthen your scholarship application.
Drawbacks of Applying with GMAT
- Time and Cost Commitment: Preparing for and taking the GMAT requires dedicated study time and associated costs.
MiM in Australia Without GMAT
- Growing Trend of GMAT-Waivers: An increasing number of Australian universities are waiving the GMAT requirement for MiM programs. This reflects a focus on a holistic application review, considering factors beyond standardized tests.
- Focus on Other Criteria: Universities might place greater emphasis on your academic record, relevant work experience, soft skills, and potential for success in the program, as evidenced through your application materials like your statement of purpose and letters of recommendation.
Benefits of Applying Without GMAT
- Simplified Application Process: No need to invest time and money in GMAT preparation.
- Focus on Your Strengths: Highlight your unique achievements and experiences in your application to stand out.
Drawbacks of Applying Without GMAT
- Limited Program Options: The pool of programs you can apply to might be smaller compared to those requiring GMAT scores.
- Stronger Competition: With fewer applicants needing to meet a GMAT benchmark, competition for spots might be fiercer.
So, GMAT or No GMAT?
The decision depends on your individual profile and program choices. Here are some pointers:
- Strong Academic Background and Relevant Work Experience: If you have a stellar academic record and demonstrably relevant work experience, applying without a GMAT might be a viable option for universities with waiver programs.
- Targeting Top-Tier Programs: If your dream schools require GMAT scores, prepare for the test to enhance your application’s competitiveness.
- Limited Time and Resources: If you have limited time or resources for test prep, focus on crafting a compelling application that showcases your strengths outside of standardized testing.
Note
- Thoroughly research the specific admission requirements of your target MiM programs in Australia.
- Contact the admissions office if you have any questions about the GMAT requirement or alternative application considerations.
By carefully evaluating your profile and program options, you can determine the best approach to navigate the MiM admissions process in Australia, with or without the GMAT.
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Career Prospects for MiM in Australia
Employed within 3 months of graduation
Avg. Salary
Most Sought-After Job Roles
Supply Chain Analyst
CEO
Management Consultant
Project Manager
Business Development Manager.
Marketing Manager
Human Resources Manager
Masters in Management (MIM) graduates in Australia have a diverse array of career opportunities, shaped by their chosen specializations and individual preferences. These graduates can step into prominent roles that span various sectors and functions. Some of the sought-after positions that MIM graduates can pursue include in management consulting, business development, project management, human resources, marketing, and financial analysis.
- A Management Consultant’s role involves offering expert guidance to businesses, addressing matters ranging from strategic planning to operational efficiency and structural organization.
- Business Development Managers focus on the identification and cultivation of new business prospects, driving growth and expansion for their respective organizations.
- Project Managers lead teams in the successful execution of projects, ensuring adherence to timelines, budgets, and quality benchmarks.
- Marketing Managers are responsible for designing and implementing strategic marketing initiatives to boost their organization’s products or services.
- Human Resources Managers undertake comprehensive oversight of the organization’s human resources functions, encompassing areas like recruitment, staff training, and professional development.
- Financial Analysts meticulously analyze financial data, delivering critical insights that aid in informed business decision-making.
Tuition Fees & Living Expenses for MiM in Australia
55,000
Avg. Cost of living
+
20,000
Avg. Living Cost
+
8,000
Misc. Charges
Avg. Cost of Study
- Accommodation: Depending on the location and type of lodging, the cost of lodging in Australia can change. In comparison to renting a private flat, on-campus accommodation or shared apartments might cost anywhere from AUD 150 and AUD 400 per week.
- Utilities: Depending on consumption and the number of roommates, monthly utility costs (electricity, water, gas, and internet) can range from AUD 100 to AUD 200.
- Food & Groceries: Depending on dietary preferences, home cooking, and eating out, monthly food costs might range from AUD 300 to AUD 600.
- Health Insurance: Overseas Student Health Cover (OSHC), which can cost between AUD 450 and AUD 700 per year depending on the provider and coverage, is a requirement for international students.
- Personal spending: Depending on personal preferences, personal spending for entertainment, clothing, and other ancillary products can vary. It’s a good idea to set aside an extra $200 to $400 per month.
Scholarships for MiM in Australia
Public Scholarships
The Australian government provides several scholarships that are specially intended for students from other countries, particularly Indian students who are pursuing MIM in Australia. Organisations like the Department of Education, Skills and Employment and the Department of Foreign Affairs and Trade are in charge of administering these scholarships.
Australia Awards
The Australian government sponsors these outstanding scholarships to foster international cooperation and the development of close links in the fields of education and culture. The Australia Awards provide a stipend for living expenses, health insurance, and complete tuition for recipients.
To entice talented international students, Australian colleges and educational institutions also provide a variety of scholarships. These scholarships, which are frequently merit-based, can greatly lessen the cost of MIM education. Each institution’s scholarship programs have its own unique qualifying requirements and application procedures.
Award for MIM at Macquarie University
This award is available only to exceptional overseas students enrolled in the MIM program. For qualifying students, the award offers a partial tuition price waiver, easing their financial load.
Visa & Stay Prospects for MiM in Australia
Sure, here are the criteria and eligibility, cost, and guidelines for visa prospects in Australia as a master’s student:
Criteria and eligibility
To be eligible for a student visa in Australia to study for a master’s degree, you must meet the following criteria:
- Be enrolled in a full-time master’s degree program at an Australian education provider.
- Have a valid passport and visa.
- Have sufficient financial resources to support yourself during your studies.
- Have a clean criminal record.
The specific requirements for financial resources may vary depending on the length of your course and your circumstances. However, you will generally need to show that you have enough money to cover your tuition fees, living expenses, and travel costs.
Cost
The cost of a student visa in Australia varies depending on the length of your course and your circumstances. However, you can expect to pay around AUD$ 630 for a student visa application. You will also need to pay a visa application charge of AUD$ 550.
In addition to the visa application fees, you will also need to pay tuition fees for your master’s degree program. Tuition fees vary depending on the university and the course you are studying. However, you can expect to pay between AUD$20,000 and AUD$40,000 per year for a master’s degree in Australia.
Guidelines
The application process for a student visa in Australia can be found on the website of the Department of Home Affairs. The application must be submitted at least three months before the start of your course.
The application process includes the following steps:
- Complete the online visa application form.
- Pay the visa application fees.
- Submit your supporting documents, such as your passport, academic transcripts, and financial evidence.
- Attend a visa interview, if required.
The processing time for a student visa in Australia is typically two weeks. However, it can take longer if your application is incomplete or if you are required to attend a visa interview.
FAQs about MiM in Australia
What is a Master in Management (MiM) degree, and why should I consider pursuing it in Australia?
A MiM degree is a postgraduate program that focuses on developing essential managerial skills and business knowledge. Pursuing it in Australia provides an opportunity to experience high-quality education, a diverse and inclusive cultural environment, and access to a thriving economy.
What are the specialization options available within MiM programs?
MiM programs often offer a range of specializations, such as marketing, finance, entrepreneurship, supply chain management, and more. It’s important to research different universities to find the one that offers the specialization that aligns with your career goals.
Are internships considered as work expereince?
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
Are there opportunities for international students to work during and after their MiM studies in Australia?
Yes, many international students in Australia can work part-time during their studies and may be eligible for post-study work visas after graduation. The post-study work visa allows you to work in Australia for a specified period, depending on your level of study.
How do I apply for a MiM program in Australia?
To apply for a MiM program in Australia, you’ll typically need to complete an online application through the university’s official website. Be sure to review the admission requirements, application deadlines, and required documents for each program you’re interested in.
