All the information required about Master’s in Management in Australia (MIM), expertly compiled by a MARA agent about the top ranking colleges and universities, estimated tuition fee, English proficiency test requirements and academic eligibility as well as scholarships for Master’s in Management in Australia by West Highlander, Immigration and consultant services. Master’s in Management in Australia for international students would make the students able to study management both in practical and theoretical form. It is also most commonly called Master of Management and offers specializations which would be further expounded upon.
What can be found in this blog
- Why opt for MIM in Australia
- Specializations offered in Master’s in Management in Australia
- Academic and English test requirements for Master’s in Management in Australia
- Top universities for MIM in Australia
- Scholarships for Master’s in Management in Australia for international students
- Possible career options after Master’s in Management in Australia
Why opt for MIM in Australia
Master’s in Management in Australia generally has the length of 1-2 years in total. It gives knowledge about everything students need to learn about management. Master’s in Business management in Australia costs around AUD $56,000 per year for the total duration of the program. There are two major intakes for the program every year in Australia; February and July among other minor intakes depending upon the institution.
Many top universities offer Master’s in Management in Australia and with the availability of scholarships it can become affordable to complete for the international students. A lot of students are selecting MIM in Australia over MBA for a lot of reasons, the top one being that this course is financially more affordable as compared to MBA.
Many study abroad aspirants have the question: is GMAT required for MIM in Australia? This is another reason the students choose to do MIM in Australia as it does not have too many requirements for admission criteria, for example it is not mandatory to have GMAT for Master’s in Management in Australia.
After the completion of the program the students will be able to understand and implement the Fundamentals and general concepts of management as well as Marketing, Entrepreneurship and Finance.
Specializations offered in Master’s in Management in Australia
There are a lot skills the students will learn during the program and the universities offer specializations so that they can be more efficient in their specific career option. Some of these specializations are like International business management, in this you can learn about business activities across the countries and how to manage them. Another one is Organizational behavior, it gives you the ability to evaluate management and access pros and cons of various approaches in business management.
In the Entrepreneurship Management you can learn everything about starting a new business. And the last is Financial resources Management, it enables you to understand and implement financial management in the company.
Academic and English test requirements for Master’s in Management in Australia
The academic requirements in order to be eligible for getting admission in Master’s in Management in Australia are quite simple. Primarily the applicants need to have a bachelor’s degree in any field, and they would also need to have the Prior academic performance report. There can possibly be an interview before the selection.
As per the English proficiency test requirements, there are at least 3 types of tests that are accepted by all the universities. In the IELTS test the applicants need to score overall bands of 6.5 and 6.0 minimum in all the modules. For the TOEFL(Ibt) 79 is the minimum overall score requirement and individually the score needs to be 21 in writing, 18 in Speaking, 13 in reading and 13 in listening.
58-64 is the minimum score for PTE overall and 50 should be the minimum for all the parts. There should be proof of the test and it should have been given in the last 2 years, as the test expires after two years.
Top Universities for MIM in Australia
There are quite a few universities offering Master’s in Management in Australia, here are some of the top universities for MIM in Australia listed below along with the Master’s in Management in Australia fees estimations:
University of Wollongong
The duration of the course in this university is 1.5 years and 2 years if combined with another second Master’s degree from Sydney Business School. The approximate annual tuition fee is AUD $23,500.
In the IELTS test the overall score should be 6.5 bands and minimum 6.0 in all the modules individually. 86 is the overall score requirement of TOEFL and individually it needs to be 18 in reading, 18 in writing, 17 in listening and 17 in speaking.
The students also have the option to move on to do MBA later on. They might also be granted 24 credit points if they have the bachelor’s degree in a related field.
The total duration of the course is 2 years at Victoria University and the approx. tuition fee is AUD $29,700 per year.
IELTS: 6.5 overall
TOEFL: 79 overall
PTE: 58 overall
University of Technology Sydney
In case of full time study the time period is 1.5 years and for part time it is 3 years. The annual tuition fee is approximately, AUD $30,800.
This university provides 3 durations to complete the program. 1 year, 1.5 and 2 years. The next intake for this year is 25 July 2022. The annual estimated tuition fee is AUD $39,600.
The applicants need to have a minimum overall score of 6.5 in IELTS, and 6.0 minimum in each module.
The students have the option to complete the course in 1 or 2 years and the yearly tuition fee is approx. AUD $30,200.
The overall score for IELTS should be 7.0 bands and for TOEFL (Ibt) it should be 94 overall.
University of Melbourne
The major intakes for this university are February and July. For full time the time period for the program is 2 years. The annual cost of the program is AUD $34,816.
In the English proficiency test part, the students need to have scores as mentioned below:
IELTS: 6.5 overall and 6.0 minimum in all modules.
TOEFL (IBT): 79 overall (writing 21, speaking 18, reading 13, listening 13).
PTE: 58-64 overall score
Scholarships for Master’s in Management in Australia for international students
- Melbourne Graduate Scholarship offered by The Melbourne University offers 25-100% tuition fee waiver.
- UTS Postgraduate Academic Excellence Scholarship offers AUD $ 5,000 in the first year.
- Victoria University International Scholarships by Victoria University provides AUD $6,000.
- Destination Australia – AUD $ 15,000 per year.
- Macquarie Vice-Chancellor’s International Scholarships by Macquarie University offers AUD $ 10,000.
- Monash University has scholarship Monash International Merit Scholarship in place and it offers AUD $10,000 per year.
Possible career options after Master’s in Management in Australia
Master’s in Management in Australia opens up a lot of career options and the salary packages are great as a beginner and it keeps on increasing year by year. Here are some of the job prospects in Australia after successful completion of Master’s in Management from the top universities for MIM in Australia. Since the program focuses primarily on management tools, some of the best paying jobs after Master’s in Management in Australia are, Business development manager, Business manager, Management consultant, Project manager, General manager, Product manager and other prestigious management profiles.