Master of Professional Accounting in Australia

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

Master of Professional Accounting in Australia: Highlights

Below is the Master of Professional Accounting highlights of the University of New South Wales.

Why Study Master of Professional Accounting in Australia

• Australia is a lovely, multicultural country of friendly inhabitants, an excellent education system, and a high standard of living.
  
• There are 38 Australian universities ranked in the newly released 2023 QS World University Rankings. The country also features several universities in the QS World University Rankings by Subject for "Accounting & Finance."
• You will get a complete experience in Australia because of the presence of some of the world's elite universities and most popular travel destinations.
• Living costs and education fees in Australia are comparatively lower than in other popular study destinations such as the UK and the US.
• Australian universities are pioneers in utilizing the latest innovations, technology, and industry trends in teaching and learning to ensure the highest educational standards.
• Students are free to work up to 20 hours weekly and 40 hours during holiday seasons. This equips them with valuable work experience and helpful income while studying.
• Most Australian higher institutions have international student assistance units that help foreign students in various ways.
• Potential employers worldwide, such as business organizations and other educational institutions, recognize and appreciate degrees obtained from Australian universities.
• The Australian government has simplified the procedures involved in student visa application and processing to ensure that Australia remains a desirable location for international students. There is a significant reduction in the time needed to process visas and the documents needed for identity confirmation.

Who Should take Master of Professional Accounting in Australia?

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.

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 Offering Master of Professional Accounting in Australia 

Quick Read: Upcoming Intakes In Australia

Cost of Studying Master of Professional Accounting 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.

Tuition Fees

Cost of Living in Australia

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.

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.

Exams Required to Study Master of Professional Accounting in Australia

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.

Scholarships to Study Master of Professional Accounting in Australia

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.

How to get Admission for Master of Professional Accounting in Australia?

• Register With AECC And Discuss With An Education Counselor
• Apply To Your Select Universities/Colleges With Help From AECC [We Have A Strong Partnership With Many Australian Universities/Colleges]
• Sit For an English Language Proficiency Exam Such as IELTS Or Any Other Necessary Exams
• Receive a Letter of Offer From the Institutions You Selected
• Complete Your Tuition Fee Payment
• Arrange & Submit Your Visa Application Documents
• Receive Your Visa Grant Letter
• Book Your Pre-Departure Services Through AECC

Want to know About Application process? Click Here

Career Opportunities After Master of Professional Accounting in Australia

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:

TOP Recruiters

• The Institute of Chartered Accountants of India
  
• Accounting Principals
• KPMG
• EY
• Deloitte
• PwC
• Accenture
• JP Morgan
• The Goldman Sachs
• HSBC
• Finastra
• Citi
• Credit Suisse
• FIS
• Morgan Stanley
• First American Financial Corporation
• Bajaj Finance

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.

Related Article:

 FAQ

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.