Master of Business Analytics in Australia for Indian Students

masters-in-business-analytics-in-australia

A two-year Master of Business Analytics degree costs between 40,000 and 77,000 Australian dollars in Australia which equates to 21.38 LPA for Indian candidates. A business analytics degree provides students with analytical abilities that may be used in corporate strategy. To pursue a master's in business analytics at an Australian university, A bachelor's degree with a grade point average of 65% or higher is required and specific colleges may additionally require GMAT scores when applying such as LORs, SOPs, and resumes need supporting materials for the application. Universities in Australia receive applications twice a year, between February and July. International students can apply to institutions more quickly now that many have agents in other countries.

Why Pursue Master of Business Analytics in Australia

  • The LaTrobe University and the University of Melbourne are two of Australia's most famous universities for their master of business analytics programmes.
  • According to QS employability rankings, several Australian institutions that offer the programme are in the top tier for graduate employability.
  • In Australia, the average pay scale for competent business analytics workers is three times higher than the country's average pay scale.
  • According to Gartner, the Australian Business Analytics market has risen by 13.4% from 2017, reaching roughly $1,468.20 million AUD.
  • The Medium and Long-Term Strategic Skills List lists Business Analytics as a PR route course. The need for qualified professionals in the industry may make it easier for overseas students to enter the country's PR after completing a master of business analytics.

Master of Business Analytics in Australia: Course Highlights

Total Universities offering Masters in Business Analytics throughout Australia

06

Basic Admission Requirements

Bachelor’s degree + ELP scores

Duration & Type

Full-time: 1 to 2 years / part-time: 2 to 4 years

ELP Scores Accepted

TOEFL / IELTS 

Tuition Fees (AUD)

AUD 35,000 - AUD 73,000

Work Experience

2 years on average 

Scholarships 

Between 25% - 100%

Placement Opportunities

Offered 

Average Salary

AUD 99,900 / month

Post Study Work Permit

Subclass 485 Visa (available)

Job Sectors 

Market analysis, consultancy, logistic, and supply chain management

Top Universities to Study Master of Business Analytics in Australia

Name of the Universities

Program

National Rankings

Total Program Fees (AUD)

Monash University

Master of Business Analytics (1.5-2 years)

 

70,000

University of Melbourne

Master of Business Analytics (1 year)

2

55,000

University of Technology Sydney

Master of Business Analytics (1.5 year)

9

61,344

University of Western Australia

Master of Business Analytics (1.5-2 years

7

77,200

Macquarie University

Master of Business Analytics (1 year -2 year)

13

38,000 (for 1 year program)

Deakin University

Master of Business Analytics (1.5- 2 year)

18

70,000

Bond University 

Master of Business Data Analytics (1.5 years)

23

63,760

La Trobe University

Master of Business Analytics (1.5-2 years)

22

68,800

Western Sydney University

Master of Business Analytics (2 years)

25

63,640

Victoria University 

Master of Business Analytics (varies)

28

14850/Semester**

Eligibility Criteria to Study Master of Business Analytics in Australia program

University

TOEFL

IELTS

UG degree requirements

La Trobe University

79

6.5

Degree in relevant subject

University of Western Australia

82

6.5

60%

Monash University

79

6.5

65%

Macquirie University

94

7

B Grade or 55%

UTS

79-93

6.5

Degree in relevant subject

University of Melbourne

102

7

65%

Deakin University

79

6.5

Degree in relevant subject

Master of Business Analytics in Australia: Admission Process

1. The Application
2. Written transcripts
3. CV or resume
4. Background Information Quantitative
5. Recommendations
6. Purpose Statement
7. Scores on the GMAT or GRE
8. Score on the TOEFL, IELTS, or PTE (for international applicants only)
9. Processing Fee

Master of Business Analytics in Australia: Documents Required

Before beginning the programme, students must provide the following documents to ensure a smooth application process. The following is a list of documents that are necessary for the course.

  • Transcripts of the applicant's most recent degree
  • Course descriptions for undergraduate students
  • Scores on examinations necessary for study in Australia, such as IELTS and TOEFL, a curriculum vitae and a cover letter
  • Some colleges and institutions may demand letters of recommendation.
  • Applicants must upload all needed documentation to the official websites of the individual colleges.

After the names have been narrowed down, the applicant will get mail acknowledging the confirmation letter from the institution. After getting the confirmation, the candidate must respond.

Cost of Studying Master of Business Analytics in Australia

An international student considering studying abroad should be aware of the costs involved. Even though the cost of education is modest compared to other major student destinations, it might be prohibitively expensive for international students. To plan for studies abroad, it is necessary to prepare for and be aware of the costs. The following sections go into detail about the various types of fees you'll face while studying for your master of business analytics in Australia.

Fees for a Master of Business Analytics in Australia

The cost of a master's degree in business analytics in Australia ranges from 40,000 to 77,000 Australian dollars. This is the overall cost of the programme. Macquarie University and Victoria University are two of the most affordable premier institutions. The total cost of the curriculum for an Indian student will be approximately 19 lakhs to 38 lakhs INR.

Australia's Living Expenses

The cost of a degree of master's of business analytics in Australia is mainly determined by the educational institution and the study location. According to Australian government regulations, students must pay an additional $20,290 AUD each year to cover living expenses. It also advises that lodging might cost anything from 5 to 440 AUD each week depending on the kind and city.

Master of Business Analytics in Australia: Scholarships

Name of the Scholarship 

University 

Amount (AUD)

Donald Cochrane Scholarship

Monash University 

10000

BP Australia Scholarship in Business Analytics

University of Melbourne 

25000

Master of Artificial Intelligence Scholarship 

RMIT 

50% off in tuition fees 

Business School's International Scholarship

University of Sydney 

20,000

Deakin alumni postgraduate bursary

Deakin University 

15% off in tuition fees 

La Trobe College Excellence Scholarships

La Trobe University 

25% off in tuition fees

VU International Excellence Scholarship

Victoria University 

3500 for two study periods, 6500 for tuition fees 

Jobs & Salary After Master of Business Analytics in Australia

One of the highest-paid occupations in the country is business analytics. The expected growth rate from 2020 to 2024 is 20 per cent.

  • In Australia, the average annual salary for a Business Analyst is 100,000 AUD.
  • Business analysts receive a 13 per cent wage increase every 15 months in Australia.
  • A bonus is provided to nearly 80% of Business Analysts, ranging from 6% to 8% of their yearly compensation.

Designations

Minimum Yearly Salaries (AUD)

Business Analyst

56,100

Corporate Strategy Analyst

67,000

Senior Business Analyst

87,000

Research Analyst

48,000

Operations Analyst

53,000

Business Improvement Analyst

55,000

Operations Manager

56,000

Kickstart your academic journey now! Studying abroad could be a long and tedious process however at AECC Global with expert counsellors your dreams can be achieved at ease. The Counsellors will guide you through every step and help you attain your dreams at ease. They will assist with visas, courses, universities, and more.


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