Last Updated on August 29, 2024
Australia’s leading universities that have earned AACSB accreditation offer master’s degrees in business analytics. The one- to two-year programme focuses on building analytical abilities for winning business plans. A Bachelor’s degree in a relevant discipline and a minimum IELTS score of 6.5 or TOEFL score of 86 is required in order to be eligible for admission to the Masters in Business Analytics programme.
Top Australian colleges charge tuition fees ranging from AUD 35,000 to AUD 65,000 (INR 19.06 to 35.40 Lakhs). Nonetheless, graduates can secure profitable jobs with leading MS in Business Analytics recruiters in Australia, such as SAS, Microsoft, and Accenture, proving that their investment has paid off. Fresh graduates may expect to make an average yearly salary of AUD 99,900 (INR 54.40). In this article, we will discuss about the MS in Business Analytics in Australia, Top Universities, Ranking and Eligibility.
Masters in Business Analytics in Australia Course Highlights
The highlights of the Masters in Business Analytics in Australia Course are as follows:
| Program | Masters of Business Analytics |
| Program Type | Full-time & Part-time |
| Program Duration | Full Time: 1-2 yearsPart-Time: 2-4 years |
| Eligibility Criteria | Bachelor’s degree in a related field |
| English Proficiency Requirements | IELTS: 6.5 or aboveTOEFL: 86+ |
| Tuition Fee Range | AUD 35,000 – AUD 65,000 AUD (INR 19 – 35 Lakhs) |
| Average Salary | AUD 99,900 (INR 54.40 Lakhs) |
| Top Employers | SAS, Microsoft, IBM Cognos, Accenture |
Australia’s Top Universities for Masters in Business Analytics
Your future in the field of business analytics might be greatly influenced by your choice of schools. Australia is home to a wide variety of elite universities that are internationally recognised for their superior teaching and research.
Now, let’s discuss some of the top universities in Australia that provide Masters in Business Analytics programmes, with their extensive curricula, renowned faculty, and state-of-the-art infrastructure:
| University | Total Tuition Fees (AUD) | QS World University Rank (2024) |
| University of Melbourne | AUD 70,400 | INR 38.33 Lakhs | #14 |
| University of Adelaide | AUD 49,900 | INR 27.16 Lakhs | #89 |
| Macquarie University | AUD 43,200 | INR 23.51 Lakhs | #=130 |
| La Trobe University | AUD 35,800 | INR 19.49 Lakhs | #242 |
| Western Sydney University | AUD 35,016 | INR 19.06 Lakhs | #=375 |
| University of Wollongong | AUD 32,064 | INR 17.45 Lakhs | #162 |
| Monash University | AUD 53,000 | INR 28.85 Lakhs | #42 |
| University of Western Australia | AUD 46,135 | INR 25.11 Lakhs | #72 |
| Deakin University | AUD 39,800 | INR 21.66 Lakhs | #=233 |
| Victoria University | AUD 34,600 | INR 18.83 Lakhs | #711-720 |
Why Study for a Master in Business Analytics in Australia?
Australia offers world-class education with a thriving job market, making it an ideal destination for analysts and Ambitious businesses. Let’s see why you should choose to study a Master of Business Analytics in Australia –
- The University of Melbourne and La Trobe University stand out globally for their unique Master of Business Analytics programs. especially, regularly ranked among universities. Australian universities offer a variety of Master in Business Analytics programs with 12 specializations to suit individual interests.
- Business analysts in Australia earn very high salaries. competitively, with the potential to earn up to three times the national average. Masters in Business Analytics programs in Australia incorporate practical elements such as projects and internships, leading to enhanced skills and practical skills of graduates.
- Australia is famous for its warm and friendly culture. The diverse and inclusive environment ensures you will feel at home. Additionally, the country’s stability, characterized by its strong currency and peaceful atmosphere, Master of Business Analytics in Australia Admission Process If you plan to study in Australia, you need to ensure that in addition to the university admission standards, you also need to meet the minimum entry requirements for a qualifying master’s degree in Australia.
What Are The Eligibility Requirements for Master of Business Analytics in Australia?
Admission to the Master of Business Analytics program in Australia depends on certain factors such as English Language School, LOR, qualifying educational qualifications, etc. Requirements are:
- Educational Qualifications: Bachelor’s degree in relevant field of study, GPA 3.5/4
- English Proficiency Test: IELTS: 6.5 or above | TOEFL: 86+
- Work Experience: Although work is not mandatory Yes, but it will add weight to your efforts and increase your chances of admission.
- Statement of Purpose (SOP)
- Letter of Recommendation (LOR)
- Course
- Resume
- IELTS/TOEFL Scorecard
- GRE/GMAT Scorecard
- Finance Recommendations
- Australia Study Visa
International students can study in Australia based on their academic and extracurricular activities. The table below shows the requirements, options and funding options for international students who want to study a Master in Business in Australia provides an ideal environment for their studies.
Top Australian Universities for Master of Business Analytics
The Top Australian Universities for Master of Business Analytics are as follows:
| Australian Universities | Bachelor’s Score | Selection Criteria | Financial Aid Available |
| University of Melbourne | WAM*: 70% or equivalent | GMAT might be required | 50% waiver on the tuition fee |
| Monash University | WAM*: 65% | Work experience is considered | Scholarship – 10 to 100% |
| University of Western Australia | 50% | 2 years of work experience | Fee waiver – AUD 2,500 – AUD 10,000 |
| Deakin University | 60-75% | Work experience | 10% waiver on enrollment fee |
| La Trobe University | – | Academic qualifications/work experience level without UG degree | 25% waiver on the tuition fee |
| Victoria University | 50% | Academic score + ELP scores | 20% waiver on the tuition fee |
Masters in Business Analytics in Australia for the English Language Requirements
The following table details the particular admission requirements for Masters in Business Analytics programmes at Australia’s best universities, which apply to all international applicants:
| University | IELTS Score | TOEFL Score |
| University of Melbourne | 7.0 or above | 102 |
| University of Adelaide | 6.5 or above | 79 |
| Macquarie University | 6.5 or above | 83 |
| La Trobe University | 6.5 or above | 79 |
| Western Sydney University | I6.5 or above | 82 |
| University of Wollongong | 6.5 or above | 86 |
Cost of Studying for a Masters in Business Analytics in Australia.
International students should think about the costs associated with studying abroad. Tuition and living expenditures are usually included in the cost of living in Australia. For those of you who plan to study for an Australian Master of Business Analytics, let’s discuss the details of these fees.
Tuition Fees for a Master of Business Analytics Programme in Australia
The following table lists the total tuition costs for Masters in Business Analytics programmes at the best Australian universities. The fees range from AUD 35,000 to AUD 65,000 (19-35 lakh INR):
| University | Total Tuition Fees (AUD) | Fee for Indian Students (INR) |
| University of Melbourne | 70,400 | 36 Lakhs |
| 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 |
Cost of living in Australia
A student enrolling at a university in Australia should take into account living expenses in addition to tuition. Students studying in Australia often spend between AUD 27,272 and 50,869 (INR 14 to 27 lakhs) per year on average.
| Expense Type | Annual Expense (AUD) | Cost of Living (INR) |
| Accommodation | AUD 16,272 – 24,504 | INR 8.92 -13.43 lakhs |
| Personal Expenses | AUD 4,560-8,640 | INR 2.50 – 4.73 lakhs |
| Transportation | AUD 1,440 – 2,880 | INR 0.78 – 1.57 lakhs |
| Meals | AUD 3,840 – 13,440 | INR 2.10 -7.37 lakhs |
| Health Insurance | AUD 1,160-1,405 | INR 0.63 – 0.77 lakhs |
| Total | AUD 27,272-50,869 | INR 14 Lakhs to 27 Lakhs |
Australia offers Scholarships for Master of Business Analytics programmes
You can get financial assistance from scholarships to pursue your Master of Business Analytics in Australia. International students are eligible to apply for several scholarships that the Australian government offers.
| Scholarship | Eligibility | Award Value |
| Global Citizens Scholarship | Must have an offer from the University of Adelaide and have a GPA of 5.0 or 6.0 | 15% of tuition fees (GPA: 5.0) – 30% of tuition fees (6.0 GPA) |
| India 10,000 AUD Early Acceptance Scholarship | Indian citizen applying for Macquarie University | AUD 10,000 |
| La Trobe International Scholarship | The full fee-paying international student using La Trobe University | 15-25% of tuition fees |
Jobs after Masters in Business Analytics in Australia
In Australia, there is a great need for graduates of the Master of Business Analytics curriculum in industries like operations, marketing, finance, consulting, and information technology. After completing your postgraduate studies, you can apply for work in Australia if you hold a subclass 500 visa. It is possible to work in your area for two to three years and obtain significant experience.
| 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 |
Masters in Business Analytics in Australia Top Recruiters
In case you’re considering pursuing a Master’s degree in Business Analytics in Australia, the following top recruiters may offer you opportunities:
- Infosys Consulting
- Citibank
- Deloitte
- TCS
- Wipro
- Canva
- Commonwealth Bank
- Accelure
- HCL Armour Consulting Capgemini Westpac PwC Australia Australian Broadcasting Corp. (ABC)
Conclusion
A master’s degree in business analytics can let you explore several work possibilities in these prestigious organisations, with an average starting salary of AUD 73,000. Australia is among the greatest places to study for a master’s degree in business analytics because of the many industry partnerships that have arisen from the increased need for qualified workers. For those seeking a master’s degree in business analytics in Australia, the nation provides a variety of career options due to its thriving analytics industry. In case you have any queries, consult Admissify’s team of seasoned academic counsellors today!
FAQs
What is an MS in Business Analytics?
MS in Business Analytics is a specialized graduate program that equips students with the skills and knowledge to analyze complex data sets and derive valuable insights to aid strategic business decision-making.
Why pursue an MS in Business Analytics in Australia?
Australia offers high-quality education, diverse cultural experiences, and a robust business environment, making it an attractive destination for international students seeking to advance their careers in business analytics.
What are the eligibility criteria for an MS in Business Analytics in Australia?
Eligibility criteria vary between universities but typically include a bachelor’s degree in a related field, such as business, economics, mathematics, statistics, or computer science. Some universities may also require relevant work experience or standardized test scores like GRE or GMAT.
Which are the top universities offering MS in Business Analytics in Australia?
Some of the top universities in Australia offering MS in Business Analytics include the University of Melbourne, Australian National University, University of Sydney, Monash University, and University of New South Wales.
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