Accounting is regarded as one of the languages of business [alongside economics and finance]. This is understandable because every business needs to keep a record of its daily transactions to help determine its financial position at the end of an accounting period [which is usually one year]. Because of its huge importance and appealing career prospects, accounting is a very popular course of study among students worldwide.
Suppose you have already obtained a bachelor's degree and are interested in broadening your knowledge of accounting and your labour market prospects. In that case, a Master of Professional Accounting is highly recommended. And if you seek a globally recognized Master of Professional Accounting degree certificate, you should consider a university in Australia, one of the world's top study destinations. Continue reading to see why selecting Australia for your Master of Professional Accounting course is optimal.
Quick Read: Study In Australia
Below is the Master of Professional Accounting highlights of the University of New South Wales.
|
Program |
Accounting |
|
Course |
Master of Professional Accounting |
|
Duration of the Course |
1.7 years [full-time] |
|
Eligibility |
A recognised bachelor’s degree or equivalent certification with a credit average as determined by the Postgraduate Coursework Entry Score Calculator of the UNSW. Students from countries where English language is not the first language will need to provide evidence of proficiency in English language before being offered admission at UNSW. You can achieve this through any of the following criteria:
|
|
Entrance Exams |
C1 Advanced Cambridge C2 Proficiency Cambridge |
|
Tuition Fees |
AUD50,200/year; AUD75,790/total course fee |
|
Jobs |
Accountant Senior Accountant Accounting Manager Certified Public Accountant Cost Accountant Tax Accountant |
|
Average Salary |
Accountant AUD59,786 Senior Accountant AUD76,813 Accounting Manager AUD90,873 Certified Public Accountant AUD74,647 Cost Accountant AUD71,668 Tax Accountant AUD59,555 |
Any student that meets the eligibility criteria [e.g., an acceptable bachelor's degree and evidence of English language proficiency] set by Australian universities can undertake a Master of Professional Accounting course in Australia. Apart from academic requirements, the candidate must also apply for a study visa and fulfil other necessary conditions.
The following are the core subjects needed for the Master of Professional Accounting course at the University of Newcastle.
|
University Name |
QS World Rankings [by Subject-“Accounting and Finance” |
City |
|
The University of New South Wales |
20 |
Sydney |
|
The University of Melbourne |
21 |
Parkville |
|
The University of Sydney |
24 |
Sydney |
|
Monash University |
=34 |
Melbourne |
|
The Australian National University |
=41 |
Canberra |
|
The University of Queensland |
53 |
Brisbane |
|
University of Technology Sydney |
=76 |
Haymarket |
|
Macquarie University |
=83 |
Sydney |
|
RMIT University |
=98 |
Melbourne |
|
Deakin University |
101-150 |
Burwood |
|
Queensland University of Technology |
101-150 |
Brisbane |
|
The University of Adelaide |
101-150 |
Adelaide |
|
The University of Western Australia |
101-150 |
Perth |
|
Curtin University |
151-200 |
Perth |
|
La Trobe University |
201-250 |
Melbourne |
|
The University of Newcastle |
201-250 |
Callaghan |
Quick Read: Upcoming Intakes In Australia
The cost of studying Master of Professional Accounting in Australia is largely determined by the varying tuition and other fees charged at each institution. Because of these fee variations, it is not easy to make a precise estimate of study costs. However, if you are a new international student travelling to Australia, try to allocate between AUD25,000 to AUD 50,000 just for tuition fees.
|
University Name |
Course |
Duration |
Tuition Fees in INR |
|
The University of New South Wales |
Master of Professional Accounting |
1.7 years [full-time] |
INR2727486.48/year [AUD50,200] |
|
The University of Melbourne |
Master of Management [Accounting] |
2 years full-time |
INR2540148.36/year [AUD46,752] |
|
The University of Sydney |
Master of Professional Accounting |
2 years full-time 4 years part-time [for only domestic students] |
INR2852451/year [AUD52,500] |
|
Monash University |
Master of Professional Accounting |
2 years full-time |
INR2613388.44/year [AUD48,100] |
|
The Australian National University |
Master of Professional Accounting |
1.5 year full-time |
INR2464517.66/year [AUD45,360] |
|
The University of Queensland |
Professional Accounting [Master of Commerce] |
1.5 Years |
INR2458432.44/year [AUD45,248] |
|
University of Technology Sydney |
Master of Professional Accounting |
1.5 years full-time or |
INR1243940.30/year [AUD22,895] |
|
Macquarie University |
Master of Professional Accounting |
1.5years full-time |
INR2064631.20/year [AUD38,000] |
|
RMIT University |
Master of Professional Accounting |
2 years full-time or 1.5 years accelerated |
INR2295000.58/year [AUD42,240] |
|
Deakin University |
Master of Professional Accounting |
Course duration has been grouped into 3, depending on previous qualifications and professional experience. 1 year full-time (2 years part-time) – 8 credit points; 1.5 years full-time (3 years part-time) – 12 credit points 2 years full-time (4 years part-time) – 16 credit points |
INR2140696.56/year full-time [AUD39,400] |
|
Queensland University of Technology |
Master of Business (Professional Accounting) |
1.5 - 2 years full-time |
INR1798402.44/year full-time [AUD33,100] |
|
The University of Adelaide |
Master of Professional Accounting |
1.5 years full-time or part-time equivalent |
INR2580789/year [AUD47,500] |
|
The University of Western Australia |
Master of Professional Accounting |
1.5 - 2 years full-time/part-time |
INR4944248.40/total course fee [AUD91,000] |
|
Curtin University |
Master of Professional Accounting |
2 years full-time |
INR1727770.32/year [AUD31,800] |
|
La Trobe University |
Master of Professional Accounting |
1.5 years full-time |
INR2118963.60/year [AUD39,000] |
|
The University of Newcastle |
Master of Professional Accounting |
1.5 years full-time |
INR1834805.15/year [AUD 33,770] |
Cost of living can differ from student to student due to a number of reasons. For example, a student who has more money to spend may have higher living costs than a less affluent student. Lifestyle is also another factor that can significantly influence cost of living. Also, living costs tend to differ from city to city. Usually, the more urbanized a city is, the higher the cost of living in that city and vice-versa. Here are some cost of living estimates calculated by the University of New South Wales.
|
Kind of Expenses |
Amount in AUD |
|
Shared house or flat rent |
AUD250/week |
|
One-bedroom unit rent |
AUD430/week |
|
On-campus (college) rent |
AUD375/week |
|
Loaf of bread |
AUD3 |
|
Milk (1 litre) |
AUD1.50 |
|
Can of tuna |
AUD2 |
|
Deodorant |
AUD5 |
|
Soap |
AUD3 |
|
Apples (1kg) |
AUD4 |
|
Fast food meal |
AUD10 |
|
Dining out |
AUD20-AUD40 |
|
Monthly gym membership |
AUD50-AUD60 |
|
Men’s haircut |
AUD30 |
|
Women’s haircut |
AUD60-AUD100 |
Monash University has specified the following eligibility criteria for applicants interested in its Master of Professional Accounting course
International students from countries where English is not the language of instruction seeking to study for a Master of Professional Accounting degree at the University of Adelaide will have to sit for and obtain the required minimum scores in these exams.
|
Exam Name |
Minimum Score |
||||
|
Overall: 6.5 |
Reading: 6 |
Listening: 6 |
Speaking: 6 |
Writing: 6 |
|
|
Overall: 79 |
Reading: 13 |
Listening: 13 |
Speaking: 18 |
Writing: 21 |
|
|
Overall: 58 |
Reading: 50 |
Listening: 50 |
Speaking: 50 |
Writing: 50 |
|
|
C1 Advanced |
Overall: 176 |
Reading: 169 |
Listening: 169 |
Speaking: 169 |
Writing: 169 |
If you are in need of scholarship opportunities then do not worry because Australian universities award millions of dollars of scholarships [and other forms of assistance] to both international and domestic students each year. Below are a few of them.
|
Scholarship Name |
Description |
Eligibility |
Amount in AUD |
|
Australia National University College of Business & Economics International Graduate Scholarship. |
Annually awarded by the College of Business & Economics of the Australia National University “to support diversity and to strengthen educational outcomes for students.” |
You must: Be a prospective international student. Have applied for a postgraduate coursework program at the College of Business and Economics. Have an excellent level of achievement in your final years of schooling as determined by the CBE academic panel. |
50% international tuition fee discount for the duration of a postgraduate coursework program at the College. |
|
South Asia Early Acceptance Scholarship [Macquarie University]. |
Awarded to talented and dexterous South Asian international students about to study for a coursework degree at Macquarie University. |
You must: Be a full-time foreign student about to commence an undergraduate or postgraduate (coursework) program on-campus (or online if impacted by COVID-19 border restrictions). Be a citizen of India, Bangladesh, Nepal, Pakistan, and Sri Lanka. Not only accept your Letter of Offer but also pay the commencement fee within the acceptance deadline. |
AUD10,000 annually for the duration of your bachelor's or master's coursework degree (AUD5,000 will be credited each session). |
|
Vice-Chancellor’s International Postgraduate Coursework Scholarship [University of Technology Sydney]. |
Established to support high achieving new international students undertaking a postgraduate coursework program at UTS in Sydney. Awarded to international students who exhibit the university’s core values and are committed to excellence, innovation, entrepreneurship, and social justice. |
You must: Be an international student meet all the requirements needed for admission into the selected postgraduate coursework program by the closing date of the scholarship application [including an overall average of 90% where the pass mark is 50% or equivalent in a UTS recognised bachelor’s degree].
Commence full-time studies on the university’s Sydney campus. all applications must be made through the UTS online Scholarships Application form not be enrolled in a UTS online degree or distance mode degree not be under any government sponsorship not be a beneficiary of another UTS scholarship for the duration of this Scholarship. |
International tuition fees for the duration of the postgraduate course |
|
International High Achievers Scholarship [The University of Queensland]. |
Awarded to high achieving students from select Asian countries. |
You must: Be an international student from India, Hong Kong (SAR), India, Indonesia, Japan, Macau (SAR), Malaysia, Philippines, South Korea, Singapore, Sri Lanka, Taiwan, Thailand, or Vietnam. Have achieved a competitive score as determined by the University when ranked alongside other offer holders for programs in their first or commencement semester. Have been offered a full-time admission to study an eligible program [includes most undergraduate and postgraduate programs (such as a master of accounting) with a few exceptions] at UQ from Semester 1 or 2, 2022. Have satisfied the program entry rank as well as English language proficiency conditions not be under another UQ scholarship. Not be under a full scholarship/sponsorship from another organisation (students under partial scholarships/sponsorships may be considered). |
A one-off tuition fee reduction of AUD10,000 which will be divided into two AUD5,000 amounts and implemented after enrolment, before the tuition fees due date for the first two semesters of the program. |
Want to know About Application process? Click Here
Whether in the public or private sectors, a Master of Professional Accounting degree can open the door to many opportunities and career paths, depending on your interests, practical experience, and area of specialization.
Some viable jobs you can engage in after your Master of Professional Accounting course are tabulated below:
|
Job Profile |
Salary in AUD |
|
Accountant |
AUD59,786 |
|
CEO |
AUD158,550 |
|
Senior Accountant |
AUD76,813 |
|
Accounting Manager |
AUD90,873 |
|
Certified Public Accountant |
AUD74,647 |
|
Cost Accountant |
AUD71,668 |
|
Tax Accountant |
AUD59,555 |
|
Chief Operating Officer |
AUD160,249 |
|
Corporate Controller |
AUD110,000 |
|
Forensic Accountant |
AUD72,080 |
|
Finance Manager |
AUD99,639 |
|
Auditor |
AUD55,850 |
|
Treasury Analyst |
AUD77,354 |
|
Financial Controller |
AUD115,754 |
|
Chief Financial Officer |
AUD156,960 |
|
Budget Analyst |
AUD81,363 |
|
Lecturer |
AUD96,081 |
A Master of Professional Accounting helps deepen your knowledge of global accounting principles and significantly expands your horizon in the labour market, especially when the degree is obtained from any of the world-class universities in Australia. In other words, with a Master of Professional Accounting from an Australian university, you can easily find work in public and private sector organizations in any part of the world.
AECC takes pride in providing expert consultation and education placement advice to students planning to study in Australia. Established to help minimize the challenges faced by international students seeking high-quality education across the globe, AECC is one of the world's fastest-growing international education consultancies with a continuously expanding network in major cities worldwide. You, too, can become part of the growing network by registering with AECC today.
To become a Professional Accountant in Australia, students need to complete their Bachelor of Accounting or Master of Accounting or complete a Certified Practising Accountant (CPA) program.
The benefits of doing Master's in Professional Accounting are:
Students who have completed master's in Professional Accounting can aim for job roles like:
There are totally 16 subjects in Master of Professional Accounting.
AECC is one of the world's leading educational consultancies with versatile expert professionals who are ready to help you with any queries you may have. Contact us so we can be of assistance to you in your journey of fulfilling your dream.
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