Masters in Business Analytics in Australia: Deadlines, Colleges, Fees 2023, Jobs and Salaries

Masters in Business Analytics in Australia: Fees 2023, Top Colleges, Placement and salaries

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?

  1. 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.
  2. Some of the Australian universities offering the program lie in the top tier for graduate employability as per QS employability rankings.
  3. 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.
  4. 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):

Masters in Business Analytics in Australia: Tuition Fees

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

Cost of living 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.

Masters in Business Analytics in Australia: Jobs and Placement Opportunities

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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