Masters in Business Analytics in Australia is a 1-2 year long program which equips a student with a combination of analytical skills for impactful business planning. The minimum admission requirement for Masters in Business Analytics in Australia is to carry a Bachelor’s degree in a related field of study and an IELTS score of at least 6.5 or above or an equivalent TOEFL score of 86+.
The total tuition fees for top universities in Australia for Masters in Business Analytics ranges between 35,000 AUD- 65,000 AUD (19-35 Lakh INR). After the completion of the Masters degree in Business Analytics one can work with companies like SAS, Microsoft, IBM Cognos, Accenture and earn an average annual salary of 85,000 AUD (46 lakh INR).
Masters in Business Analytics in Australia: Course Highlights
| Program | MS in Business Analytics |
| Program Type | Full-time | Part-time |
| Program Duration | 1-2 years |
| Eligibility Criteria | Bachelor’s degree in a related field |
| English Proficiency Requirements | IELTS: 6.5 or above | TOEFL: 86+ |
| Tuition Fee Range | 35,000 AUD- 65,000 AUD (19-35 Lakh INR) |
| Average Salary | 85,000 AUD (46 lakh INR) |
| Top Employers | SAS, Microsoft, IBM Cognos, Accenture |
Masters in Business Analytics in Australia: Top Universities
Here is the list of the universities offering Business Analytics Masters in Australia. The table also details the program application deadline and fees for these popular universities.
| University | Program | Deadlines | Total Tuition Fees (AUD) |
|---|---|---|---|
| The University of Melbourne | M.S Business Analytics | 21 August 2023 | 65,760 |
| University of Adelaide | M.S Business Analytics | - | 49,000 |
| Macquarie University | M.S Business Analytics | 10 July 2023 | 40,800 |
| La Trobe University | M.S Business Analytics | 3 July 2023 | 36,400 |
| Western Sydney University | M.S Business Analytics | 15 May 2023 | 33,352 |
| University of Wollongong | M.S Business Analytics | 30 June 2023 | 48,096 |
Why Study Masters in Business Analytics in Australia?
- Two of the most popular universities in Australia rank globally for their Master of Business Analytics programs, namely, the University of Melbourne and University of Adelaide.
- Some of the Australian universities offering the program lie in the top tier for graduate employability as per QS employability rankings.
- The average pay scale offered to skilled business analytics workers in Australia is three times more than the average pay scale offered in the country.
- Business Analytics is a PR pathway course listed on the Medium and Long-term Strategic Skills List. The need for skilled workers in the field can help international students to make their way to the country’s PR post-completion of the Master of Business Analytics from higher education institutions in the country.
Explore: Australian Student Visa
Masters in Business Analytics in Australia: Admission
International students planning to study in Australia must ensure that apart from the university-specific eligibility criteria they are also required to fulfill the minimum eligibility for pursuing a master's degree in Australia.
Masters in Business Analytics in Australia: Eligibility Criteria
Even though there are set criteria for applying to MS in Business Analytics in Australia, there are some common criteria that every candidate has to meet in order to get admission in the course. Following is the common eligibility criteria for all the universities:
- Academic Degree- Bachelor’s degree in a related field of study
- English Proficiency Test Score- IELTS: 6.5 or above | TOEFL: 86+
- Statement of Purpose (SOP)- A 1-2 page letter showing your interest in the program and your future plans.
- Letters of Recommendation (LOR)- A minimum of 2 academic letters of recommendation (LOR) is required.
Explore: Tests to study in Australia
Masters in Business Analytics in Australia: Admission Requirements
The following table shows the specific admission requirements set by the top universities in Australia for Masters in Business Analytics for all the international students:
| University | Academic Requirement | IELTS Score | TOEFL Score | Additional Documents |
|---|---|---|---|---|
| The University of Melbourne | 3 year undergraduate degree with 65% in related field | 7.0 or above | 102 | CV, Transcripts |
| University of Adelaide | Bachelor's degree | 6.5 or above | 79 | CV, Transcripts, SOP, LOR |
| Macquarie University | AQF Level 7 Bachelor’s degree | 6.5 or above | 83 | Transcripts, Passport |
| La Trobe University | Bachelor’s degree | 6.5 or above | 79 | CV, Transcripts, SOP, LOR |
| Western Sydney University | Bachelor’s degree in business | I6.5 or above | 82 | CV, Transcripts, SOP |
| University of Wollongong | Bachelor’s degree with 50% | 6.5 or above | 86 | CV, Transcripts |
Masters in Business Analytics in Australia: Cost of study
An international student planning to study abroad must be familiar with the expenses he/she will suffer. The cost of study includes the tuition fee and the cost of living in Australia. The following sections discuss in brief the details of various types of expenses you will incur when planning your master of business analytics in Australia.
Masters in Business Analytics in Australia: Tuition Fees
The table below displays the total tuition fees charged by the top universities in Australia offering Masters in Business Analytics which ranges between 35,000 AUD, 65,000 AUD (19-35 Lakh INR):
| University | Total Tuition Fees (AUD) | Fee for Indian Students (INR) |
|---|---|---|
| The University of Melbourne | 65,760 | 36 Lakh |
| University of Adelaide | 49,000 | 26.82 Lakh |
| Macquarie University | 40,800 | 22.33 Lakh |
| La Trobe University | 36,400 | 19.92 Lakh |
| Western Sydney University | 33,352 | 18.25 Lakh |
| University of Wollongong | 48,096 | 26.33 Lakh |
Explore: SOP for Business Analytics
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 |
Explore: Student Accomodation in Australia
Masters in Business Analytics in Australia: Scholarships
Students seeking to study in Australia can avail different scholarships offered by the Australian Government to international students. A certain number of university-specific scholarships are available at select higher study institutes in Australia. While planning a master of business analytics in Australia you can apply for the following scholarships to ease down the financial burden off you.
| Scholarship | Eligibility | Award Value |
|---|---|---|
| Global Citizens Scholarship | Must have an offer from University of Adelaide and have a GPA of 5.0 or 6.0 | 15(GPA - 5.0) - 30% ( 6.0 GPA) tuition fees |
| India 10,000 AUD Early Acceptance Scholarship | Indian citizen applying for Macquarie University | 10,000 |
| La Trobe International Scholarship | Full fee-paying international student applying in La Trobe University | 15-25% of tuition fees |
Masters in Business Analytics in Australia: Jobs and Placement Opportunities
International students studying Business Analytics at top colleges in Australia get an array of job opportunities in Australia after finishing any level of degree. The following table displays various job profiles with an approximate salary that a student can get post-study.
| Profession | Average Salary (AUD) | Salary for Indian Student (INR) |
|---|---|---|
| Business Planning Executive | 68,769 | 37.64 Lakh |
| Business Analyst | 83,080 | 45.48 Lakh |
| Data Insights Analyst | 73,557 | 40.26 Lakh |
| Data Scientist | 93,065 | 50.94 Lakh |
| Management Consultant | 92,416 | 50.59 Lakh |
| Financial Analyst | 77,076 | 42.19 Lakh |
Explore: Jobs in Australia
Masters in Business Analytics in Australia: Degree Comparison
The following section differentiates between Masters in Business Analytics in Australia vs Masters in Business Analytics in Canada on the basis of average tuition fee, cost of living, visa requirements among other parameters.
| Parameter | Masters in Australia | Masters in Canada |
|---|---|---|
| Duration | 1-2 Years | 1-2 Years |
| Average tuition fees | 35,000 AUD- 65,000 AUD (19-35 lakh INR) | 20,000 CAD- 50,000 CAD (12-30 lakh INR) |
| Cost of living | 2,000 AUD (1.14 lakh INR) | 1,987 CAD (1.19 lakh INR) |
| Visa | Student Visa (Subclass 500) | Study Permit |
| Average salary | 85,000 AUD (46 lakh INR) | 81,000 CAD (49 lakh INR) |
| English language proficiency tests | IELTS: 6.5 or above TOEFL: 86+ | IELTS: 7.0 or above TOEFL: 100+ |
Australia as a study destination for Masters in Business Analytics is one of the best choices because the rise in demand for skilled labour has also resulted in various industry tie-ups with universities. Some of the popular ones include NVIDIA & Monash University, SAS Australia Collaborating with the University of Melbourne, IBM Center of Excellence in Business Analytics located in Deakin University, and many more. This goes without saying that these collaborations will not only help in reducing the gap in demand and supply but will also be profitable for international students pursuing Masters in Business Analytics in Australia.
Explore: Part-time Jobs in Australia
FAQs
Ques. Does Business Analytics have PR in Australia?
Ans. Business Analytics is a field which is facing a shortage of workers. Therefore, there is a demand of the people who have studied this subject, making it easier to get PR in Australia through it.
Ques. What are the admission requirements for Masters in Business Analytics in Australia?
Ans. The minimum admission requirement for Masters in Business Analytics in Australia is to carry a Bachelor’s degree in a related field of study and an IELTS score of at least 6.5 or above or an equivalent TOEFL score of 86+.
Ques. What are the job prospects after Masters in Business Analytics in Australia?
Ans. After the completion of the Masters degree in Business Analytics one can work as a Business Analyst, Data Insights Analyst, Management Consultant with companies like SAS, Microsoft, IBM Cognos, Accenture and earn an average annual salary of 85,000 AUD (46 lakh INR).
Ques. How much does it cost to pursue Masters in Business Analytics in Australia?
Ans. The total tuition fees for top universities in Australia for Masters in Business Analytics ranges between 35,000 AUD- 65,000 AUD (19-35 Lakh INR). And the average cost of living in Australia is approximately 2,000 AUD (1.14 lakh INR) per month.
Ques. What are the top universities offering MS in Business Analytics in Australia?
Ans. There are multiple universities offering Masters in Business Analytics in Australia but some of the top universities include The University of Melbourne, University of Adelaide, Macquarie University, La Trobe University among others.
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