18 November 2023
MBA in Finance in Australia is one of the most sought-after postgraduate degree courses that provides extensive expertise and knowledge in various fields related to finance. International students can gain expertise in financial analysis, investment strategies, and financial management with this program. MBA in Finance in Australia can take anywhere between 1.5 and 2 years to complete if pursued full-time. Usually, MBA in Finance courses in Australia can require anywhere between 35,000 AUD and 70,000 AUD. MBA in Finance in Australia is extremely popular for international students because of the diverse culture and wide variety of job opportunities. Here is everything you need to know about MBA in Finance courses in Australia:
What are the requirements to gain admission to MBA in Finance courses in Australia?
Here are the requirements that international students need to meet to obtain admission to MBA in Finance courses in Australia:
- International students are required to hold a bachelor’s degree in a field related to finance, such as accounting.
- Official transcripts and an updated resume are also required to apply for admission in MBA courses in Australia.
- The student must also hold standardized language proficiency tests such as IELTS scores. Generally, MBA programs in Australia accept international students who have a score of 6.0 or more in IELTS as well as a minimum of 88 in TOEFL.
- Since an MBA is a postgraduate course, some colleges and universities need international students to have work experience of at least three years.
What are the best employers for graduates of MBA in Finance courses?
Graduates of MBA programs in Australia can anticipate earning a lucrative salary package along with an approximate salary of anywhere between 70,000 AUD and 150,000 AUD per annum. Here are some of the best employers for MBA in Finance program graduates in Australia:
- National Australia Bank
- Suncorp
- Cognizant
- ANZ Banking Group
- Accenture
- Westpac Banking Corporation
- Deloitte
- Commonwealth Bank
- EY
What are the best colleges for an MBA in Finance in Australia?
Here are some of the best universities for an MBA in Finance in Australia:
- The University of South Australia offers an MBA in Finance. It offers admission during the Rolling intake. On average, the tuition fee for this program is around 43,800 AUD.
- Flinders University offers an MBA in Finance. It provides admission during the Rolling intake. On average, the tuition fee for this program is around 39,400 AUD.
- Western Sydney University offers an MBA in Finance and Investment. The deadline for admission is in the month of February. On average, the tuition fee for this course is around 35,015 AUD.
- The University of Newcastle offers an MBA in Applied Finance. The deadline for admission is in the month of January. On average, the tuition fee for this program is around 40,330 AUD.
- The University of Tasmania offers an MBA in Finance. It offers admission during the Rolling intake. On average, the tuition fee for this program is around 67,664 AUD.
- Bond University offers an MBA in Finance. It provides admission during the Rolling intake. On average, the tuition fee for this course is around 70,170 AUD.
Why should international students study an MBA in Finance in Australia?
- Australia houses some of the best academic institutes globally for MBA in Finance. Some of these include the University of Newcastle, Western University Sydney, and the University of South Australia
- The Financial and Insurance Services industry in Australia is continually expected to see substantial growth in career prospects, with a projected growth of 33,200 jobs or 6.3% or 33,200 in the upcoming years. Among the different occupations that are available in the industry, Financial Managers and Investment Advisers are some of the most extensive employing careers.
- The salaries that are offered to MBA in Finance graduates in Australia are incredibly competitive. Entry-level jobs for MBA in Finance graduates pay approximately 70,000 AUD each year. As they gain more experience, international students can easily anticipate earning higher salaries. Many experienced graduates can earn more than 150,000 AUD annually.
- This year, the unemployment rate in Australia was just 3.7%. For international students who wish to migrate to Australia for education and work there, this number is extremely attractive as it indicates a large number of lucrative job opportunities for MBA in Finance graduates.
What is the cost of living in Australia?
In general, the overall monthly cost of living in Australia lies somewhere around 2,326 AUD for international students. Here is the overall breakdown of all costs that international students need to consider:
- Accommodation requires around 1,495 AUD on average.
- International students generally pay about 312 AUD for food.
- Travel generally requires about 150 AUD per month.
- The Internet requires around 76 AUD on average.
- International students generally pay about 207 AUD for utilities.
- Miscellaneous expenses generally require about 86 AUD per month.
Conclusion
Australia is world-renowned as one of the best educational destinations among international students. MBA in Finance in Australia is perfect for international students who are interested in pursuing a career in finance. Among the different options available to international students, MBA in Finance provides rigorous training in the different domains of finance.
