Content Strategy Manager | Updated On - May 3, 2024
Masters of Business Analytics in Australia is offered by top-ranking universities accredited by AACSB. The course spans 1-2 years and focuses on developing analytical skills for effective business strategies. To qualify for admission to the Masters in Business Analytics course, you'll need a Bachelor's degree in a relevant field and a minimum IELTS score of 6.5 or a TOEFL score of 86.
When it comes to tuition fees, top Australian universities charge between AUD 35,000 to AUD 65,000 (INR 19.06 to 35.40 Lakhs). However, the investment pays off as graduates can land lucrative positions with top MS in Business Analytics recruiters in Australia like SAS, Microsoft, and Accenture. After graduation, as a fresher, you can earn an average annual salary of AUD 99,900 (INR 54.40 Lakhs).
Masters in Business Analytics in Australia: Course Highlights
| Program | Masters of Business Analytics |
| Program Type | Full-time | Part-time |
| Program Duration | Full Time: 1-2 years | Part-Time: 2-4 years |
| Eligibility Criteria | Bachelor’s degree in a related field |
| English Proficiency Requirements | IELTS: 6.5 or above | TOEFL: 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 |
Checkout why you should choose Australia as your study abroad destination.
Top Universities for Masters in Business Analytics in Australia
In the field of business analytics, choosing the right university can make all the difference in shaping your future. Australia boasts an impressive range of top-tier institutions renowned for their excellence in education and research. Let's take a closer look at some of the leading universities offering Masters of Business Analytics in Australia with their comprehensive programs, esteemed faculty, and state-of-the-art facilities –
| QS World University Rank (2024) | University | Total Tuition Fees (AUD) |
|---|---|---|
| #14 | University of Melbourne | AUD 70,400 | INR 38.33 Lakhs |
| #89 | University of Adelaide | AUD 49,900 | INR 27.16 Lakhs |
| #=130 | Macquarie University | AUD 43,200 | INR 23.51 Lakhs |
| #242 | La Trobe University | AUD 35,800 | INR 19.49 Lakhs |
| #=375 | Western Sydney University | AUD 35,016 | INR 19.06 Lakhs |
| #162 | University of Wollongong | AUD 32,064 | INR 17.45 Lakhs |
| #42 | Monash University | AUD 53,000 | INR 28.85 Lakhs |
| #72 | University of Western Australia | AUD 46,135 | INR 25.11 Lakhs |
| #=233 | Deakin University | AUD 39,800 | INR 21.66 Lakhs |
| #711-720 | Victoria University | AUD 34,600 | INR 18.83 Lakhs |
Why Study Masters in Business Analytics in Australia?
Australia offers a world-class education with a booming job market, making it an ideal destination for aspiring business analysts. Let us look at the reasons why you should opt for a Master of Business Analytics in Australia –
- University of Melbourne and La Trobe University stand out globally for their exceptional Masters of Business Analytics programs, consistently ranking high in universities.
- Australian universities offer diverse Master of Business Analytics programs with 12 specializations to cater to individual interests.
- Business analysts in Australia enjoy highly competitive salaries, potentially earning triple the national average!
- Master of Business Analytics programs in Australia incorporate practical components like projects and internships, enhancing graduates' real-world skills.
Australia is famous for its warm and welcoming culture. The diverse and inclusive environment ensures you'll feel right at home. Plus, the country's stability, characterized by a strong currency and a peaceful atmosphere, provides an ideal backdrop for your studies.
Masters in Business Analytics in Australia Admission Process
If you are planning to study in Australia, you must ensure that apart from the university-specific eligibility criteria – you also fill in the minimum eligibility for pursuing a master's degree in Australia.
Masters in Business Analytics in Australia: Eligibility Criteria
Admissions to the program of Masters in Business Analytics in Australia depend upon multiple factors such as the English language scores, LORs, academic degrees, and more. The general requirement includes:
- Academic Degree: Bachelor’s degree in a related field of study with a GPA of 3.5/4
- English Proficiency Test Score: IELTS: 6.5 or above | TOEFL: 86+
- Work Experience: Though work experience is not mandatory, it does add weight to your application and increase your chances of admission.
Once you have met the eligibility criteria, you need to collect the required documents which you have to submit as proofs. These include –
- Statement of Purpose (SOP)
- Letters of Recommendation (LOR)
- Passport
- Resume
- IELTS/TOEFL Scorecard
- GRE/GMAT Scorecard
- Financial Proofs
- Australian Study Visa
International students can get a scholarship in Australia depending on their academic performance and extra-curricular activities. The following table shows the requirements, selection criteria, and financial aid options for international students willing to pursue Masters of Business Analytics in Australia:
| 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 |
* WAM (Weighted Average Marks) is a grading system calculated on a scale of 0 to 100 for each subject within a degree or certificate program. It provides a description of grades based on the marks achieved in each subject.
Masters in Business Analytics in Australia: English Language Requirements
The following table shows the specific admission requirements set by the top universities in Australia for Masters in Business Analytics for all international students:
| 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 Study for Masters in Business Analytics in Australia
When considering studying abroad, international students need to understand the expenses involved. The cost of living in Australia typically includes tuition fees and living expenses. Let us look into into the details of these expenses for those of you planning to pursue a Master of Business Analytics in Australia.
Masters in Business Analytics in Australia: Tuition Fees
The table below displays the total tuition fees charged by the top universities in Australia offering Masters in Business Analytics which ranges between 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
Apart from the tuition fees, a student applying for higher education in Australia should also consider the cost of living in Australia. The average annual expenses for students studying in Australia can range from AUD 27,272 to 50,869 (INR 14 – 27 Lakhs).
| 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 |
Scholarships for Master of Business Analytics in Australia
When pursuing a Master of Business Analytics in Australia, scholarships can significantly alleviate financial burdens. You can avail of different scholarships offered by the Australian Government to international students.
| 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 applying to La Trobe University | 15-25% of tuition fees |
Jobs after Masters in Business Analytics in Australia
Master of Business Analytics graduates are widely recruited across Australia in diverse fields such as IT, Consulting, Marketing, Finance, and Operations. If you hold the subclass 500 visa, you're eligible to apply for jobs in Australia after completing your post-graduation studies. You can work for at least 2-3 years, gaining valuable experience in your field.
| 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
If you are looking to pursue Masters in Business Analytics in Australia, here's a glimpse into the top recruiters you can expect to find opportunities with –
- Infosys Consulting
- Citi Bank
- TCS
- Deloitte
- Wipro
- Canva
- Commonwealth Bank
- Accenture
- Capgemini
- Westpac
- PwC Australia
- Australian Broadcasting Corp. (ABC)
- HCL
- Armour Consulting
With an average starting salary of AUD 73,000, a degree in Masters in Business Analytics can help you explore various job roles in these esteemed organizations.
Australia as a study destination for Masters in Business Analytics is one of the best choices because the rise in demand for skilled labour has also resulted in various industry tie-ups with universities. With its booming analytics sector, the country offers multiple job opportunities for people pursuing Masters in Business Analytics in Australia.
Masters of Business Analytics in Australia – Frequently Asked Questions
Ques. Does Business Analytics have PR in Australia?
Ans. Business Analytics is a field which is facing a shortage of workers. Therefore, there is a demand for people who have studied this subject, making it easier to get PR in Australia through it.
Ques. What are the admission requirements for a Masters in Business Analytics in Australia?
Ans. The minimum admission requirement for a Master in Business Analytics in Australia is to carry a Bachelor’s degree in a related field of study and an IELTS score of at least 6.5 or above or an equivalent TOEFL score of 86+.
Ques. What are the job prospects after Masters in Business Analytics in Australia?
Ans. After the completion of the Masters degree in Business Analytics one can work as a Business Analyst, Data Insights Analyst, and Management Consultant with companies like SAS, Microsoft, IBM Cognos, and Accenture and earn an average annual salary of 85,000 AUD (46 lakh INR).
Ques. How much does it cost to pursue Masters in Business Analytics in Australia?
Ans. The total tuition fees for top universities in Australia for Masters in Business Analytics ranges between 35,000 AUD- 65,000 AUD (19-35 Lakh INR). And the average cost of living in Australia is approximately 2,000 AUD (1.14 lakh INR) per month.
Ques. What are the top universities offering MS in Business Analytics in Australia?
Ans. Multiple universities are offering Masters in Business Analytics in Australia but some of the top universities include The University of Melbourne, University of Adelaide, Macquarie University, La Trobe University among others.
Ques. What is the Weighted Average Marks (WAM) for Masters in Business Analytics in Australia?
Ans. Australian WAM (Weighted Average Mark) calculates a student's average grade across completed units. It considers both marks (e.g., 75%) and credit value (e.g., 6 credits) of each unit. WAM is calculated by multiplying mark by credit for each unit, summing those values, and dividing by the total credit value of all completed units. (WAM = Σ(Mark x Credit) / Σ Credit).
Ques. Can I Pursue a Master of Business Analytics Online in Australia?
These programs typically follow a blended structure, incorporating online classes with on-campus coursework.
Ques. What Subjects Will I Study in a Master of Business Analytics in Australia?
Ans. While an MBA typically focuses on business fundamentals like finance and marketing, a Master of Business Analytics in Australia dives deeper into data-driven analysis. Some common subjects are –
- Predictive Analytics
- Big Data Analytics
- Data Analysis for Business
- Business Analytics & Visualization
- Artificial Intelligence and Machine Learning for Business
Ques. Are MS in Business Analytics and Data Science the Same in Australia?
Ans. No, although both MS in Business Analytics and Data Science involve data analysis, they have distinct focuses:
- MS in Business Analytics: This program equips you with the skills to translate business needs into actionable insights using data. You'll focus on structured data, analyze business strategies, and communicate findings to stakeholders.
- Data Science: This program delves deeper into the technical aspects of data analysis. You'll learn to handle both structured and unstructured data sets, build complex models, and extract hidden patterns for various applications.
Business Analytics focuses on using data to answer business questions while Data Science focuses on discovering new knowledge from data.
Ques. Which country is good for a Masters in Business Analytics – Canada or Australia?
Ans. We can see the differences between Masters in Business Analytics in Australia vs Masters in Business Analytics in Canada on the basis of average tuition fee, cost of living, visa requirements among other parameters.
| Parameter | Masters in Australia | Masters in Canada |
|---|---|---|
| Duration | 1-2 Years | 1-2 Years |
| Average tuition fees | 35,000 AUD- 65,000 AUD (19-35 lakh INR) | 20,000 CAD- 50,000 CAD (12-30 lakh INR) |
| Cost of living | 2,000 AUD (1.14 lakh INR) | 1,987 CAD (1.19 lakh INR) |
| Visa | Student Visa (Subclass 500) | Study Permit |
| Average salary | 85,000 AUD (46 lakh INR) | 81,000 CAD (49 lakh INR) |
| English language proficiency tests | IELTS: 6.5 or above TOEFL: 86+ | IELTS: 7.0 or above TOEFL: 100+ |
While both countries offer competitive salaries, Australia boasts a slight edge with an average salary of around 85,000 AUD (46 lakh INR) compared to Canada's 81,000 CAD (49 lakh INR).
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