One of the significant benefits of earning a Master’s in Management is that it allows you to improve your business knowledge immediately after receiving your undergraduate degree. A minimum of three to five years of job experience is typically required before you can even apply to an MBA school. However, most schools only require up to one year of work experience for MIM. The MIM program has thus emerged as the finest option because it gives you the groundwork to launch your career while also assisting recent graduates in finding fantastic employment possibilities.
In Australia, a full-time master’s in management degree lasts two years and offers a variety of specializations. For their Master’s in Management, students in Australia have various options, including accounting, finance, human resources, marketing, and other areas. The minimum requirement to apply for admission to a Master’s in Management program in Australia is a cumulative undergraduate average of 55–65%. In addition, admission to the program requires a GMAT score of 680 or higher.
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The top management universities in Australia have Masters in Management tuition rates that range from 35,000 to 50,000 AUD per year (18.43 to 26.33 lakhs INR). Graduates get an annual salary between 50,000 to 150,000 AUD. Therefore, the return on investment is moderately high (26 to 78.1 lakhs INR). KPMG, Accenture, Randstad, and Gartner are a few of the top employers of Masters in Management graduates in Australia, hiring students for management positions.
Why study Master in Management in Australia?
There are several reasons to enroll in an Australian master in management program, including the following:
- To enroll in a MIM program in Australia, students do not need a specific educational background or work experience. If the universities require it, students can apply for this degree in Australia with as little as one year of professional experience and be admitted immediately after graduating.
- A globally focused program emphasizing global experiences and collaboration with the corporate market and networks is provided by studying at MIM Australia.
- One of the most well-known programs in Australia is MIM, which combines rigorous academic instruction with various optional alternatives, including business ethics or web-based business.
- Students that take courses from MIM Australia benefit from having extensive international exposure in the business world.
Top MIM Schools in Australia
International MIM students in Australia have a variety of universities and colleges from which to choose. Students attending these Australian institutions are prepared to meet problems in the management field. The following Australian MIM colleges are:
| University | Program | Application Deadline | Annual Tuition Fee (AUD) |
| University of Sydney | Master of Management: Human Resource Management and Industrial Relations | 15 January 2023 | 47,500 |
| Deakin University | Master of Human Resource Management | 27 January 2023 | 30,600 |
| The University of Melbourne | Master of Management | 31 October 2022 (Closed) 30 April 2023 | 47,500 |
| La Trobe University | Master of Management: Project Management | 31 January 2023 | 40,400 |
| Victoria University | Master of Management | 1 February 2023 | 16,700 |
| University of Technology Sydney | Master of Management | 15 January 2023 | 68,600 |
Depending on your education style and lifestyle, studying MIM in Australia might be expensive. MIM in Australia fees and the cost of living in Australia can be further subdivided into two groups.
Tuition Fees
The cost of a MIM program in Australia varies yearly depending on the university’s standing. Depending on which colleges international students choose, colleges charge varying course prices.
| Type of Institute | Cost (in USD) | Cost (in INR) |
| Public | 57,353 | 4,445,459 (2 years) |
| Private | 32,303 | 2,503,828 (2 years) |
Australian living expenses
Australia ranks third in terms of cost of living after the United States and the United Kingdom. Therefore, before flying to Australia, candidates should know how their money would be spent. Australia’s monthly cost of living is between 2,500 and 3,500 AUD (1.5 and 1.8 lakh INR).
| Expenses | Cost (in USD) | Cost (in INR) |
| Accommodation | 845.15 | 65,768 |
| Food | 56.34 | 4,384 |
| Transportation | 49.30 | 3,836 |
| Health Insurance | 21.13 | 1,644 |
Best MIM Scholarships in Australia
Numerous Australian universities award deserving students with scholarships. Additionally, the selection of scholarships varies from university to university or program to program. For example, Australia offers scholarships for masters in Management that can total up to 10,000 AUD (5.26 lakhs INR). These grants are available to those who have demonstrated academic achievement in Management or extracurricular activities. The scholarship amount at various universities is based on the student’s academic standing at graduation.
Australian Masters in Management Placements
A master’s degree in Management from Australia ensures good pay and employment at some of the world’s top corporations. After earning a Master of Management in Australia, the typical yearly pay is 94,000 AUD (48.9 lakhs INR). In addition, candidates can receive an offer letter from top global corporations like Telstra, Accenture, BHP Billiton, Westpac, GE Capital, and many others after completing a Master’s in Management in Australia.
Conclusion
The nation offers plenty of chances for ambitious students to master the MIM program and be hired by the best industrial organizations across the world. Given that they provide a wide variety of degrees and specialties, it is not surprising that Australian universities are among the best in the world. Whether you study engineering, English, medicine, or mathematics, you have many options and combinations to choose from when you pursue a master’s degree in Management in Australia. Call the schools on your shortlist in advance to find out what they offer and whether you meet their requirements. Australia’s diversified scenery is well-known. The immense expanses and unusual species of the Outback are well known.
Wide open stretches of outback bush, kangaroos, koalas, and clean air and water come to mind when people think of Australia. Australia offers considerably more than what is typically anticipated. Due to its welcoming, relaxed atmosphere, top-notch educational system, and high standard of life, Australia is a popular destination for international students who choose to pursue their studies there.
International students can easily select the university and field that are best for them in Australia thanks to the large range of courses and degrees offered by Australian institutions. Which school best suits their needs and interests must be considered while selecting a degree programme for international students. Students have the option of attending universities, pursuing a career, or taking English language classes. Students can transition between educational levels and between institutions with ease, if necessary.
