Master of Professional Accounting in Australia: Fees 2023, Top Colleges, Admissions, Placements & Salaries

Masters of Professional Accounting in Australia (MPA) is an Association of Chartered Certified Accountants accredited program best suited for students who want to make a career in Public Accounting, Corporate Accounting, and consulting. The total duration of pursuing the program from an Australian University may vary from 1.5 to 2 years. The cost of studying this program ranges between 33,770-68,688 AUD (19.45-39.57 lakhs INR)​.

Jobs offered to students holding masters in professional accounting degree in Australia pay nearly 66,000 AUD (38 lakhs INR). The majority roles the students will play in the professional field after the Master's course are Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Internal Auditor. Pursuing MPA in Australia will offer you an upper hand in staying back as it is listed in the skilled occupations list by the home affairs of the Australian government. Hence, improving your chances of finding a job and getting to stay back after completion of studies.

Masters in Professional Accounting in Australia: Highlights

Masters in Professional Accounting in Australia: Top Universities

Given below are some of the top universities in Australia offering masters in professional accounting ar listed below with a basic detail of their tuition fees, program duration and intake seasons:

In case you are looking for a similar program to pursue, masters in accounting in Australia is one of the best alternatives to MPA courses in Australia. 

Why Study Masters in Professional Accounting in Australia?

• Around 84,000 new job openings are expected to grow in the upcoming five years in the field with around 16,800 new jobs each year. 
• With seven of the Australian universities offering MPA ranking globally in the top 100 universities abroad, Australia can be considered a perfect study destination for the program. 
• Apart from scholarships awarded by the universities in Australia, the Australian Government has invested over 300 million AUD in scholarships for international students.
• The economics and finance sector of Australia offers an average salary package of 88,600 AUD. 
• A growth of constant 3-4% has been observed in the salary trends of the sector, indicating a constant rise in the demand for professionals who are being hired at better and cushy median salaries 
• The demand for accounting professionals in Australia has skyrocketed, as evidenced by a 34% increase in vacant job listings year-over-year, highlighting the growing need for thousands of additional accountants to meet the current deficit
• Australia's unemployment rate as of October 2022 is 3.4%, indicating numerous job opportunities for graduates

MPA vs MAcc

Masters in Professional Accounting in Australia: Admissions

The program is accredited by CPA Australia and the Institute of Chartered Accountants in Australia (ICAA). The admission procedure includes Graduates of any field are eligible to apply for admission to the Institute of Public Accountants (IPA). GMAT and GRE scores are not mandatorily required for entry into this course. 

Masters in Professional Accounting in Australia: Eligibility 

• For pursuing MPA courses in Australia, you are required to have a bachelor's degree in a relevant subject. Some universities offer admissions to students with a different bachelor’s degree may be offered admissions. 
• Students with a bachelor's in a different subject are required to fulfill additional criteria. 
• Language proficiency is an additional requirement that international students have to fulfill while planning to study abroad. 

Tabulated below are the details of university-specific eligibility criteria for application to Australian universities:

Documents Required

Along with your application package for masters program, you are required to submit the following documents:

• Please ensure that the applications are made on time and all the documents are submitted along with the applications before the deadlines approach. 
• Certificates and transcripts of previous studies. 
• LOR are an important part of your applications, academic LOR can make or break your applications. 
• Score of English proficiency tests like IELTS/TOEFL, etc required from non-native English speaking applicants. Test scores should be preferably submitted directly from the testing agency.
• Additional document requirements vary from university to university. Some of the additional documents that may be required include SOP/Personal Statement/CV, etc. 

Masters in Professional Accounting in Australia: Cost of Study

The cost for an international student can be divided into Pre-departure; Study costs basically Tuition fee and Post-arrival basically living costs. These are detailed in the sections below:

Masters in Professional Accounting in Australia: Tuition Fees

The graphical illustration below represents the total program fees for masters in professional accounting in Australia. The overall cost ranges between 42,900 to 98,000 AUD. This is equivalent to 23 to 53.4 lakh INR for an Indian student.

It can be stated that the cost of pursuing the degree is highest in University of Sydney and lowest in Deakin University. With nearly similar admission requirements, it is suggested that students on budget should choose the university for pursuing the program wisely. 

Cost of Living in Australia

According to Australian Government requirements, students require 20,290 AUD annually on top of the university tuition fee to meet the living costs. It also suggests that an expense of 5 AUD to 440 AUD/week can be incurred for accommodation depending on the type and city. Some of the other living expenses in Australia are depicted below:

The cost of accommodations for students in Australia is given below. The cost mentioned below are weekly costs. (AUD/week)

Masters in Professional Accounting in Australia with Scholarships

The students when choosing a foreign country for higher education expenses are the first thought. Australian government and universities offer many scholarship programs for international students to choose from. Some of these are given below:

he Australian government and various other organizations also offer external grants and awards for meritorious students, which can be tapped through the international student’s office of the universities. Looking for more scholarships to study in Australia, click here to find out more.

Masters in Professional Accounting in Australia: Scope

Students who will graduate with a masters of professional accounting degree might get an opportunity in the future to work as an – Auditor, Management Consultant, management accountant, financial accountant, forensic accountant, teacher, public accountant. Some of the job roles along with the salaries offered in Australia are listed below: 

The course Masters of Professional Accounting or the MPA trains students in obtaining technical, analytical as well as practical and creative skills. They would be trained and made industry-ready with an idea to deal with accounting and finance issues in planning and decision making. A Master’s degree gives the students an opportunity to excel in the business world. The program helps the students learn advanced accounting principles so they can later on work as professional accountants, financial professionals.

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