Master in Management in Australia
Avg. Cost of Study
Introduction to MiM in Australia
Australian Master 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.
Why Study MiM in Australia?
There are several reasons to enrol in an Australian master’s in management program, including the following:
- Students do not need to have a specific educational background or professional experience to enrol 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 emphasising 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.
Eligibility Criteria : MiM in Australia
In Australia, there are many requirements for admission to MIM colleges. However, the following are the main criteria:
- English Language Proficiency Test Scores
- Work Experience
- Standardised Tests
- Passport and Visa
Let’s get specific:
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.
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 : MiM in Australia
The necessary paperwork must be submitted to get admitted to one of the leading universities in Australia for a MIM degree.
- a transcript of grades
- LOR& SOP
- valid passport, proof of funds
- GMAT/GRE results
- IELTS, TOEFL, and PTE results
- scores on entrance tests, if applicable
- Health Insurance for Students Proof
Program Costs + Living Expenses : MiM in Australia
Avg. Cost of living
Avg. Living Cost
- 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 Available : MiM in Australia
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.
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.
Career Prospects : MiM in Australia
Most Sought-after Jobs
Business Development 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.
Visa & Stay Prospects : 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.
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.
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.
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Top 5 Programs for MiM in Australia
La Trobe University
|MiM from La Trobe University is a two-year full-time program.
• The annual fee for International students is AUD$40,400.
• You can get an average Salary of AUD$95,000 after completing the degree.
|MiM from Macquarie is a two-year full-time program.
• The annual fee for international students is AUD$39,600.
• You can get an average Salary of AUD$61,000 after completing the degree.
|MiM from Monash is a two-year full-time program.
• The annual fee for international students is AUD$31,700.
• You can get an average Salary of AUD$75,000 after completing the degree.
|Monash University MiM programme|
Australian National University
|MiM from ANU is a two-year full-time program.
• The annual fee for international students is AUD$45,168.
• You can get an average Salary of AUD$73,000 after completing the degree.
|ANU MiM programme|
University of Sydney
| MiM from USYD is a 1.15 years full-time program.
• The annual fee for international students is AUD$46,000.
• You can get an average Salary of AUD$75,711 after completing the degree.
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
GMAT / GRE Score
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.
Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile
3-4 weeks at least.
Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.
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 MiM 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.
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.
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.
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.