Master of Professional Accounting in Australia

Master of Professional Accounting in Australia: Highlights

Why Study Master of Professional Accounting in Australia?

• Global Recognition: Australian universities are renowned for their high educational standards, especially in accounting and finance, featuring prominently in QS World University Rankings.
• Cultural Diversity: Experience a multicultural environment with students from around the globe.
• Affordable Education: Compared to the UK and the US, Australia offers more affordable education and living costs.
• Work Opportunities: Students can work up to 20 hours per week, gaining valuable experience and financial support.
• Government Support: Simplified visa procedures and student support services make Australia a student-friendly destination.

Master of Professional Accounting in Australia: Subjects

The following are the core subjects needed for the Master of Professional Accounting course at the University of Newcastle.

• Financial Accounting 1
• Financial Accounting 2

• Financial Accounting 3

• Management Accounting

• Auditing and Assurance Services

• Business Finance

• Taxation Law

• Economics

• Business Decision Making

• Business Law

• Company Law

• Accounting Information Systems

Top Universities for Master of Professional Accounting in Australia

• University of New South Wales (UNSW), Sydney
  • QS World Ranking (Accounting and Finance): 20
  • Program Duration: 1.7 years (full-time)
  • Tuition Fees: AUD 50,200/year; AUD 75,790 total
  • Notable Features: Known for its strong focus on practical skills and industry connections.
• University of Melbourne, Parkville
  • QS World Ranking (Accounting and Finance): 21
  • Program: Master of Management (Accounting)
  • Duration: 2 years full-time
  • Tuition Fees: INR 25,40,148.36/year (Approx. AUD 46,752)
  • Notable Features: Offers a comprehensive curriculum with a blend of theoretical and practical learning.
• University of Sydney, Sydney
  • QS World Ranking (Accounting and Finance): 24
  • Duration: 2 years full-time; 4 years part-time (domestic students)
  • Tuition Fees: INR 28,52,451/year (Approx. AUD 52,500)
  • Notable Features: Prestigious faculty and strong global industry links.
• Monash University, Melbourne
  • QS World Ranking (Accounting and Finance): =34
  • Duration: 2 years full-time
  • Tuition Fees: INR 26,13,388.44/year (Approx. AUD 48,100)
  • Notable Features: Emphasis on global business trends and accounting practices.
• Australian National University (ANU), Canberra
  • QS World Ranking (Accounting and Finance): =41
  • Duration: 1.5 years full-time
  • Tuition Fees: INR 24,64,517.66/year (Approx. AUD 45,360)
  • Notable Features: Known for its research-driven approach and high academic standards.

Master of Professional Accounting in Australia: Eligibility Criteria

Monash University has specified the following eligibility criteria for applicants interested in its Master of Professional Accounting course

• The faculty requires an Australian bachelor's degree or equivalent qualification with a weighted average mark (WAM) of 60 or an equivalent grade point average (GPA). Candidates that have completed the necessary discipline units in an Australian bachelor's degree (or equivalent qualification) may be eligible for credit for advanced preparatory units based on recognised prior learning (RPL)
• IELTS [Academic]: 6.5 Overall score and minimum band scores of 6.0 in Listening, 6.0 in Reading, 6.0 in Writing, and 6.0 in Speaking
• PTE [Academic]: 58 Overall score and minimum scores of 50 in Listening, 50 in Reading, 50 in Speaking, and 50 in Writing
• TOEFL [iBT]: 79 Overall score and minimum scores of 13 in Reading, 12 in Listening, 18 in Speaking, and 21 in Writing
• Any other equivalent approved English language qualifications
• Candidates will be ranked and selected according to their entire academic records

Cost of Studying Master of Professional Accounting in Australia

Studying for a Master of Professional Accounting in Australia involves various costs, primarily tuition fees, which vary across universities. Here's a concise overview:

Tuition Fees at Top Australian Universities

• University of New South Wales
  • Course: Master of Professional Accounting
  • Duration: 1.7 years (full-time)
  • Fees: AUD 50,200/year
• University of Melbourne
  • Course: Master of Management (Accounting)
  • Duration: 2 years (full-time)
  • Fees: AUD 46,752/year
• University of Sydney
  • Course: Master of Professional Accounting
  • Duration: 2 years (full-time)
  • Fees: AUD 52,500/year
• Monash University
  • Course: Master of Professional Accounting
  • Duration: 2 years (full-time)
  • Fees: AUD 48,100/year
• Australian National University
  • Course: Master of Professional Accounting
  • Duration: 1.5 years (full-time)
  • Fees: AUD 45,360/year

Scholarships for Master of Professional Accounting in Australia

• Australia National University College of Business & Economics International Graduate Scholarship
  • Eligibility: Prospective international students applying for postgraduate coursework at the College of Business and Economics with excellent academic records.
  • Scholarship Value: 50% discount on international tuition fees for the course duration.
• South Asia Early Acceptance Scholarship (Macquarie University)
  • Eligibility: Full-time foreign students commencing an undergraduate or postgraduate coursework program. Acceptance of the offer and payment of the commencement fee within the deadline are required.
  • Scholarship Value: AUD 10,000 annually, credited as AUD 5,000 each session.
• Vice-Chancellor's International Postgraduate Coursework Scholarship (University of Technology Sydney)
  • Eligibility: International students with an average of 90% in their bachelor's degree, commencing full-time studies at UTS. Applicants should not be under any government sponsorship or other UTS scholarships.
  • Scholarship Value: Covers international tuition fees for the postgraduate course duration.
• International High Achievers Scholarship (The University of Queensland)
  • Eligibility: International students from specified Asian countries, having a competitive score and full-time admission offer for an eligible program. Students under partial scholarships/sponsorships may be considered.
  • Scholarship Value: One-off tuition fee reduction of AUD 10,000, split into two AUD 5,000 amounts for the first two semesters.

Career Opportunities

Graduates can pursue various roles, with average salaries in Australia as follows:

• Accountant: AUD 59,786
• Senior Accountant: AUD 76,813
• Accounting Manager: AUD 90,873
• Certified Public Accountant: AUD 74,647

Top recruiters include KPMG, EY, Deloitte, PwC, and JP Morgan.

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