Syed Yusuf Ashraf Study Abroad Content Specialist
Study Abroad Content Specialist
Master of professional accounting in Australia, is a higher education course for accounting students who are looking for a professional degree program. The course covers almost all areas of study like auditing, finance, economics, information systems and tax law.
- The duration of Master of professional accounting in Australia, for international students can be around 1.5 - 2 years.
- Top universities in Australia such as Australian National University, University of Sydney, Monash University offer this course.
- 7 of the Australian universities offering Master of Professional Accounting are ranked among top 100 globally in the QS Accounting
- The annual fees for Master of professional accounting in Australia, can range anywhere around $36,403 - $58,800 (₹19.67 lakhs - ₹31.77 lakhs).
Scholarships such as ANU Chancellor’s International Scholarship, Academic Excellence Scholarships, International High Achievers Scholarship are offered to the deserving meritorious students. You can also demonstrate proper financial need for these scholarships if you can’t afford the tuition fees of the program. Candidates who are from non-accounting backgrounds, can also pursue Master of professional accounting in Australia, provided they have met any one of the following requirments:
- PTE requirements of minimum 58-64
- IELTS of 6.0-7.0
- TOEFL score of 78-100.
Talking about the job prospects for Master of Professional Accounting in Australia universities, a candidate can be offered job roles like finance manager, payroll officer, auditor, commercial analyst, etc. The average annual salary of Master of Professional Accounting in Australia is around $68,000 (₹36.75 lakhs). However, in case you are not able to get a good job offer, we suggest looking for job opportunities in portals like LinkedIn, Career zone, Glassdoor, Workforce Australia, etc.
Also Check:
- Why Study Master of Professional Accounting in Australia?
- Best Universities for Master of Professional Accounting in Australia
- Affordable Universities for Master of Professional Accounting in Australia
- Master of Professional Accounting in Australia Eligibility Requirements
- Cost of Living in Australia
- Master of Professional Accounting Jobs
- MPA in Australia vs MAcc in Australia
- FAQs
Why Study Master of Professional Accounting in Australia?
Australia can be a better option to study for accounting courses as compared to the USA or UK because most of the universities here provide industry partnerships to their students. Some notable reasons to study in Australia are:
- Universities such as University of New South Wales, University of Sydney, Monash University offering MPA ranks globally in the top 100 universities in QS WUR By Subject Rankings for Accounting and Finance 2024, Australia can be considered a perfect study destination for the program.
- Apart from scholarships awarded by the universities in Australia, the Australian Government has invested over $300 million in scholarships for international students.
- A growth of constant 3-4% has been observed in the salary trends of the financial sector, indicating a constant rise in the demand for professionals who are being hired at better and cushy median salaries
- The demand for accounting professionals in Australia has skyrocketed, as evidenced by a 34% increase in vacant job listings year-over-year, highlighting the growing need for thousands of additional accountants to meet the current deficit.
Best Universities for Master of Professional Accounting in Australia
Given below are the top universities for Master of Professional Accounting in Australia on the basis QS Accoutning and Finance Rankings 2024 along with annual tuition feees, application deadlines and application fees:
| QS Accounting and Finance Rankings 2024 | University | Annual Fee (AUD) | Application Deadline | Application Fee (AUD) |
|---|---|---|---|---|
| #20 | University of New South Wales | $56,000 | Apply as early as possible | $150 |
| #28 | The University of Sydney | $58,800 | June 3 | $150 |
| #35 | Monash University | $56,000 | June mid to June End | $100 |
| #=42 | Australian National University | $53,370 | Semester 1 [Jan 15, 2025 | $110 |
| #43 | The University of Queensland | $53,760 | Semester 2 [Jun 30, 2025] | $100 |
| #90 | University of Technology Sydney | $37,512 | Spring [Apr 30, 2025] | Summer [Aug 30, 2025] | $100 |
| #100 | RMIT University | $46,080 | Semester [Mar 5, 2025] | Not Required |
| #101-150 | University of Western Australia | $49,900 | Semester 1 [Feb 1, 2025] | Semester 2 [Jul 18, 2025 | $100 |
| #101-150 | University of Adelaide | $49,900 | 6 Weeks Before Course Commencement | $150 |
| #101-150 | Deakin University | $46,200 | February 18, 2025 | $55 |
| #101-150 | Macquarie University | $45,100 | Semester 1 [Feb 10, 2025] | Semester 2 [Jul 7, 2025] | $75 |
| #151-200 | University of Wollongong | $55,656 | Trimester 3 [Jun 2, 2025] | Not Required |
| #151-200 | Curtin University | $36,403 | Semester 1 [Feb 12, 2025] | Semester 2 [Jul 9, 2025] | Not Required |
| #201-250 | University of South Australia | $42,000 | Early December | Not Required |
| #201-250 | University of Newcastle | $36,520 | 12 weeks before program starts | Not required |
| #251-300 | Griffith University | $38,500 | February 10, 2025 | Not Required |
| #251-300 | La Trobe University | $43,000 | Semester 1 [ Jan 20, 2025] | Semester 2 [Jun 9, 2025] | Not Required |
AUD 1 = INR 54.40 as on December 6, 2024
Affordable Universities for Master of Professional Accounting in Australia
Given below are some of the affordable universities which you may consider while applying for Master of Professional Accounting in Australia:
| QS World University Rankings 2025 | University | Annual Fees (AUD) |
|---|---|---|
| - | Melbourne Institute of Technology | $30,456 |
| #1001-1200 | University of the Sunshine Coast | $32,420 |
| #901-950 | Australian Catholic University | $33,128 |
| #621-630 | Charles Darwin University | $34,720 |
| #741-750 | Victoria University | $36,400 |
| #293 | University of Tasmania | $36,450 |
| #384 | Western Sydney University | $37,464 |
| #=445 | James Cook University | $38,008 |
| - | Kaplan Business School | $39,000 |
AUD 1 = INR 54.40 as on December 6, 2024
Also Check: Cheapest Universities in Australia
Master of Professional Accounting in Australia Eligibility Requirements
Certain eligibility requirements are to be met for Master of professional accounting in Australia. The admission for higher education in Australia for accounting courses requires:
- A bachelor's degree, preferably in a finance related subject.
- Language proficiency in exams of IELTS, TOEFL and PTE is an additional requirement that international students have to fulfil while planning to study abroad.
- Minimum GPA score of 3.0 out of 4.0
- A percentage of 60-65% is required for the Master of Professional Accounting course in Australia
- Minimum GMAT score of 600 - 650 may be required in some universities
- Professional experience of 1-2 years
Also Check:
| Step By Step Guide to Apply for Australian Universities | Upcoming Deadlines to Apply for Australian Universities |
Documents Required for Master of Professional Accounting in Australia,
For admission, you will require important documents such as academic transcripts, recommendation letters, ID proof, etc. Statement of purpose for Master of professional accounting in Australia, or SOP is one of the prime requirements to study in Australia.
Master of Professional Accounting in Australia Score Requirements
Master of Professional Accounting in Australia for international students, also requires the evidence of certain exams for admissions. These exams include IELTS, TOEFL, PTE, etc. The table below shows the score requirements as well as application fee of the universities:
| University | Program | English Proficiency Requirement |
|---|---|---|
| University of New South Wales (UNSW) | Master of Professional Accounting | TOEFL: 94 | IELTS: 7.0 | PTE: 64 |
| Australian National University | Master of Professional Accounting | TOEFL: 100 | IELTS: 7.0 | PTE: 64 |
| University of Sydney | Master of Professional Accounting and Business Performance | TOEFL: 96 | IELTS: 7.0 | PTE: 65 |
| Monash University | Master of Professional Accounting | TOEFL: 79 | IELTS: 6.5 | PTE: 58 |
| University of Queensland | Master of Commerce (Professional Accounting) | TOEFL: 87 | IELTS: 6.5 |
| University of Western Australia | Master of Professional Accounting | TOEFL: 82 | IELTS: 6.5 | PTE: 64 |
| University of Adelaide | Master of Professional Accounting | TOEFL: 79 | IELTS: 6.5 | PTE: 58 |
| University of Technology Sydney | Master of Professional Accounting | TOEFL: 93 | IELTS: 6.5 | PTE: 65 |
| University of Newcastle | Master of Professional Accounting | IELTS: 6.5 | PTE: 58 - 65 |
| Deakin University | Master of Professional Accounting | IELTS: 6.5 | PTE: 50 |
AUD 1 = INR 54.40 as on December 6, 2024
Also Check: Exams Required to Study in Australia
Cost of Living in Australia
According to Australian Government requirements, students require $20,290 (₹11,12 lakhs) annually on top of the university tuition fee to meet the living costs. It also suggests that an expense of $5 - $440 AUD/week can be incurred for accommodation depending on the type and city. Some expenses of cost of living in Australia are depicted below:
Master of Professional Accounting Jobs
After course completion, you will get Master of Professional Accounting jobs. The jobs in Australia after accounting courses can provide you an average annual salary of 68,000 (₹36.75 lakhs). Master of Professional Accounting salary in Australia, as well as the job profiles are given below:
AUD 1 = INR 54.40 as on December 6, 2024
Also Check: Australia Work Visa
MPA in Australia vs MAcc in Australia
As an international student, you might be confused about the basic difference between MPA and MAcc in Australia. Let’s understand the basic differences between Master of professional accounting in Australia, and MAcc:
| Parameter | MAcc | MPA |
|---|---|---|
| Duration | 2 years | 1.5-2 years |
| Annual Course Fees | $34,900 - $58,800 | $36,403 - $58,800 |
| Requirements | Bachelor’s degree in accounting is a must | Bachelor’s degreee in any discipline with relevant experience |
| Course Focus | Management skills in applied accounting environment | Special accounting practices |
| Average Annual Salary | $71,000 | $68,000 |
| Career Options | Senior level position in Accounting, Finance and Business | Financial Accounting, Accounting Information System, and Taxation |
| Course Curriculum | Theoretical approach of accounting | Practical approach of accounting |
AUD 1 = INR 54.40 as on December 6, 2024
We have tried to cover the necessary aspects of the program of professional accounting. In case, you are still facing issues in applying to the Australian Universities, we suggest you to contact an educational counselor in your area for your help. You can also get in touch with the admissions office of the university for a smooth application process.
FAQs
Ques. What is the difference between Masters in Accounting and Masters in ProfessionalAccounting in Australia?
Ans. Masters in professional accounting is an advanced degree allowing students to become CPA (certified professional accountant). MPA courses have a more practical approach, while MAcc courses have a more theoretical approach.
Ques. What is the eligibility criteria for pursuing a Master of professional accounting in Australia,?
Ans. When planning to study masters in professional accounting in Australia, you are required to have a bachelor’s degree in relevant subjects with around 60-65% WAM. International students are also required to submit language proficiency scores such as IELTS: 6.5 and TOEFL: 79 or more.
Ques. Should one take the GRE or GMAT to study Master of professional accounting in Australia,?
Ans. Though GMAT/GRE is not a mandatory requirement for studying masters in professional accounting in Australia, some universities may require you to submit GMAT scores if you do not fulfill GPA and other academic requirements.
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