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6 Best MSBA Schools in Australia

Plenty of scholarships are available in Australian Universities for International students. Opportunities to explore international markets through internships and live projects. Multinational corporate partners of Australian Universities enable the students to explore various career options.

Applying for MSBA in Australia ?

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When it comes to studying in Australia, international students have a lot of options. There are 43 universities in Australia, including 40 Australian institutions, two international universities, and one private university. Six Australian institutions are among the world’s top 100, demonstrating the importance of both quantity and quality. Australia is a multicultural melting pot. The abundance of cultures not only allows you to move outside of your regular comfort zone and try something new, but it also allows you to feel at home in a multicultural situation. Wonderful culinary selections, public international holidays, and the opportunity to learn a different language are just a few of the advantages of living in a varied environment. A Master of Business Analytics in Australia is one of the most popular courses. 

It’s no wonder that Australia’s universities are among the best in the world, as they provide a wide range of degrees and majors. When you study in Australia, you have a wide range of alternatives and combinations to pick from, whether you want to study engineering, English, medical, or mathematics. It’s a good idea to call your short list of universities ahead of time to check what they have to offer and if you fit the standards. Australia is known for its varied landscape. The Outback is known for its vast grasslands and strange wildlife. If you enjoy the beach, there are thousands of kilometres of undeveloped coastline to pick from.

master of business analytics in australia

Australia’s 2-year Masters in Business Analytics degree costs between 40,000 and 77,000 AUD. For candidates from India, this is estimated to be 21–38 LPA. A student who has a degree in business analytics is given a variety of analytical abilities for effective company planning. You must have a bachelor’s degree with a minimum GPA of 65% in order to pursue a master’s in business analytics at an Australian university. Business Analytics salary earnings are according to the region in Australia. Some colleges may additionally need GMAT scores when you apply. LORs, SOPs, and resumes are examples of supporting documents that are an essential component of the application. Applications are accepted by Australian universities twice a year in February and July. International students can apply to institutions with ease because many have agents in several other nations.

Graduates of business analytics in australia are increasingly needed as a result of the continual rise in demand for professionals who can manage the volume of data that firms are producing every day. Business analysts in Australia get an average pay that runs from 56,100 to 161,000 AUD, which is 15.27% more than the average compensation for all occupations. Business analysts earn a 6-8% annual bonus, which is more than other professionals who only get 3-5%. With a degree in business analytics, you may consider moving to Australia.

Top Colleges for MSBA in Australia

 La Trobe University

La Trobe

Melbourne, Australia

Course Details-
• Master’s in Business Analytics program from La Trobe University is a two-year full-time program.
• The annual fee for International students is AUD$ 35,800 per 120 credit points.

Eligibility-
• You need to successfully complete an Australian bachelor degree (or equivalent).
• A minimum IELTS score of 6.5 or equivalent test scores are required if you are from a non-majority English speaking country.

Class Profile

Average Age : 26 years
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Average Work Ex : 5 Years
Average GMAT :
Average GPA :

More About LA Trobe

Macquarie University

Macquaire university

Sydney, Australia

Course Details-
• Master in Business Analytics from Macquarie University is a two-year full-time program.
• The fee for one year for international students is AUD $39,900.

Eligibility-
• You need to successfully complete an Australian bachelor degree (or equivalent) in a related field such as actuarial science, statistics, etc., with minimum 60% aggregate.
• A minimum IELTS score of 6.5 or equivalent test scores are required if you are from a non-majority English speaking country.

Class Profile

Average Age : 23-24 years
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Average Work Ex : 0-2 years
Average GMAT :
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More About Macquarie

University of Western Australia

Macquaire university

Perth, Australia

Course Details-
• Master in Business Analytics from the University of Western Australia is a 2 years full-time program.
• The fee for the program is AUD $83,000.
• You can get an average Salary of AUD $73,000 after completing the degree.

Eligibility-
• A bachelor degree (or equivalent) with at least one unit of statistics, etc., with a minimum 50% aggregate.
• A minimum IELTS score of 6.5 or equivalent test scores are required if you are from a non-majority English speaking country. Other English Language Tests that are valid for this course are- Advance Placement English (USA), Cambridge English: Advanced (CAE), etc.

Class Profile

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Monash University

Monash University

Melbourne, Australia

Course Details-
• Master in Business Analytics from Monash University is a 1.5-2 years full-time program.
• The fee for the program is AUD $30,200.
• You can get an average Salary of AUD $73,000 after completing the degree.

Eligibility-
• A bachelor degree (or equivalent) with at least one unit of statistics, etc., with a weighted average mark of 65% aggregate.
• A minimum IELTS score of 6.5 or equivalent test scores are required if you are from a non-majority English speaking country. Other acceptable tests are TOEFL, CAE, etc.

Class Profile

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Melbourne Business School

University of Melbourne

Melbourne, Australia

Course Details-
• Master in Business Analytics from Melbourne Business School is a 1.5-2 years full-time program.
• The fee for the program is AUD $59,850.

Eligibility-
• A bachelor degree (or equivalent) major in Mathematics, Statistics, Actuarial Science, Computer Science, Information Systems, Engineering, Physics, Finance, Economics or Science., etc., with a weighted average mark of 70% aggregate.
• A minimum IELTS score of 7, with 6.5 in each band or equivalent test scores are required if you are from a non-majority English speaking country. Other acceptable tests are TOEFL, CAE, etc.

Class Profile

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University of Technology Sydney

University of Melbourne

Sydney, Australia

Course Details-
• Master in Business Analytics from the University of Technology Sydney is a 1.5-3 years full-time program.
• The fee for the program is AUD $927 per credit point.

Eligibility-
• A UTS recognized bachelor degree (or equivalent) major in business or information technology. 
• A minimum IELTS score of 6.5, with 6 in the writing section. 

Class Profile

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More About UTS

Deakin University

University of Melbourne

Victoria, Australia

Course Details-
• Master in Business Analytics from Deakin University is a 1.5-3 years full-time program.
• The fee for the program is AUD $26,800 for one year.

Eligibility-
• A AQF8 recognized bachelor degree (or equivalent) in a related field or bachelor degree in a related discipline, plus two years relevant work experience.
• A minimum IELTS score of 6.5, with 6 in the writing section.

Class Profile

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Bond University

University of Melbourne

Gold Coast, Australia

Course Details-
• Master in Business Analytics from Bond University is a 1.4 years full-time program.
• The fee per semester for the program is AUD $16,780 for one year.

Eligibility-
• A AQF7 recognized bachelor degree (or equivalent) in a related field. 
• Proof of English Language as IELTS, TOEFL (iBT), PTE, etc.

Class Profile

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More About Bond

Western Sydney University

University of Melbourne

Penrith, Australia

Course Details-
• Master in Business Analytics from Bond University is a 2 years full-time program.
• The fee for the program is AUD $31,760 for one year.

Eligibility-
• A recognized bachelor degree (or equivalent) in any field.
• Proof of English Language as IELTS, TOEFL (iBT), PTE, etc.

Class Profile

Average Age : 23 years
Class Size :
Average Work Ex : 0-2 years
Average GMAT :
Average GPA : 5.0

More About West Sydney University

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Why Choose to study Business Analytics in Australia?

master of business analytics in australia

  • The Master’s in Business Analytics programmes at the University of Melbourne and LaTrobe University, two of Australia’s most well-known universities, are ranked among the best in the world. Business Analytics in Canada is also preferred by international students.
  • According to QS employability rankings, several Australian institutions offering the programme are among the best for graduate employability.
  • In Australia, the typical pay scale provided to competent business analytics workers is three times more than the national average.
  • According to Gartner, the Australian market for business analytics has increased by 13.4% during 2017, or around 1,468.20 million AUD.
  • On the Medium and Long-term Strategic Skills List, a PR route course called Business Analytics is included. After earning a  Master in Business Analytics in Australia from one of the nation’s higher education institutions, overseas students may find it easier to get permanent residency in the country due to the need for competent individuals in the industry.

    Admissions to the Master in Business Analytics in Australia

    The basic requirements for pursuing a Master’s degree in Australia must also be met by international students who intend to study there, in addition to the university-specific qualifying requirements. When applying to Australian institutions, prospective overseas students should be aware of the following general requirements:

    • An undergraduate degree in mathematics, information systems, engineering, computer science, physics, economics, or finance is required of applicants. Some Australian universities, including Deakin University, may accept applicants without a bachelor’s degree in the appropriate field if they meet the requirements listed below:
      1. With a minimum of two years of related experience
      2. Prior to submitting an application for Master of Business Analytics in Australia, you must complete a certificate or diploma programme in business analytics.
    • Candidates must have finished three years of undergraduate coursework, including foundational courses in regression analysis, probability, and mathematical skills.

    How to Apply for a Master of Business Analytics in Australia

    master of business analytics in australia

    To apply to Australian institutions, significant planning and some time will be required. The actions you must take to apply for a course are shown below.

    • Select a school and a course: Do extensive study on the course and university to determine their appropriateness and area of interest. To make a choice, take into account the campus’ size, cost, professors, setting, and placements.
    • Apply: After reviewing the university’s prerequisites and application deadline, submit an application. Usually, a website will give this information. You may get in touch with them via mail or by calling a hotline number.
    • Application processing: Following receipt of the application by the course provider, the procedure takes a few weeks. Master programme selection might take longer.
    • Taking up the opportunity When you get the letter of acceptance, carefully review it to look for any restrictions. You can confirm your acceptance by paying the tuition.
    • Some people might find it difficult to follow the instructions with ease. If it applies to you, use an admission help company like upGrad to guarantee a simple application procedure.

    Documents Needed 

    The following documents must be submitted by the students prior to beginning the programme in order to ensure a quick application process. The list of paperwork needed for the course includes

    • transcripts showing the applicant’s most recent degree
    • outlines of the undergraduate academic curriculum
    • IELTS and TOEFL exam scores are needed to study in Australia.
    • Updates CV and cover letter together
    • Some universities may need letters of recommendation.

    On the official portal of the relevant universities, the candidates must upload all required documentation. Following the shortlist of candidates, the university will send the applicant mail to acknowledge the confirmation letter. Once the candidate accepts the confirmation letter, they must respond.

    Required Documents for Visa Interview

    To study in Australia, prospective international students must submit an application for a student visa. Here is the list of paperwork needed for an interview for an Australian student visa for those who are studying abroad for a Master of Business Analytics in Australia.

    • Confirmation of Enrollment – The applicant must produce the confirmation letter on the chosen programme of study that was delivered to the chosen student.
    • Valid Passport: Passports must be valid for at least six months.
    • Visa application fee: To file a visa application, the applicant must pay AUD 620 in fees.
    • Academic credentials or employment history (if required)
    • A minimum of one semester’s worth of tuition and round-trip airline tickets to Australia are needed as proof of finances.
    • Health insurance plan: The foreign students’ health insurance plan has an annual fee of around AUD 438.
    • Statement of purpose: This document outlines the students’ motivations for choosing a specific course of study as well as their goals for the future.
    • Passport-size images.

    Cost of a Master in Business Analytics in Australia

    master of business analytics in australia

    An international student who intends to study abroad must be aware of the costs involved. Although the cost of studying is relatively modest compared to other top student destinations, it can still be quite expensive for an international student. Planning to pursue studies abroad requires anticipating costs and being aware of them. The details of the numerous expenditures you may encounter when preparing your master’s in business analytics in Australia are briefly covered in the sections that follow.

    Cost of arriving before

    The majority of pre-arrival or pre-admissions charges are one-time expenditures. The following list includes some of your pre-admissions key expenses: Charges to Cost (AUD)

    • $50 to $100 for applications (university dependent)
    • 620 for a visa
    • Registration for IELTS: 340
    • 235-370 for TOEFL registration
    • Insurance for health: 438

    Tuition costs for a MSBA in Australia

    In Australia, the cost of tuition for a master’s degree in business analytics ranges from 40,000 to 77,000 AUD. The range of programme fees is as follows. Victoria University and Macquarie University are two of the most affordable premier institutions. The University of Western Australia, Monash University, and Deakin University are among the most costly universities offering a Master of Business analytics in Australia. The total cost of the curriculum for an Indian student would likely fall between 19 and 37 lakhs INR.

    Australian living expenses

    The cost of pursuing a Master of Business Analytics in Australia mostly depends on the institution offering the programme and the location of the school. The Australian Government mandates that students need an additional 20,290 AUD each year, on top of their university tuition, to cover living expenses. Additionally, it implies that lodging costs might range from 5 to 440 AUD each week, depending on the style and location. The following list includes some additional living expenditures in Australia:
    As of October 2019, the average annual cost of living for international students in Australia is 21,041 AUD, with housing expenditures accounting for the majority of costs.

     

    Jobs & Salary in Australia After a Master of Business Analytics

    A Master of Business Analytics in Australia is one of the highest-paid professions in the country. Between 2020 and 2024, 20% increase is anticipated. Business Analytics career path has immense opportunities. 

    • A Master of Business Analytics in Australia makes an average of 100,000 AUD a year.
    • In Australia, pay increases for business analysts are 13% per 15 months.
    • Nearly 80% of business analysts receive a bonus, which typically amounts to 6% to 8% of their annual salary.

    Master of Business Analytics in Australia program’s scope

    Australia is renowned across the world for its skill in business analytics. Excellent work chances are available in a variety of industries in the nation. Contexti, Covalense, Altis Consulting, Analytics8, Internetrix, Diligent Global, Integrated Business Technologies, and Pernix are some of the top employers. Numerous colleges have partnerships with top business figures, such as SAS Australia, NVIDIA, etc. Students gain immediate advantage from this since it exposes them to the business world.

    Benefits of Studying Master of Business Analytics in Australia

    master of business analytics in australia

    Students choose to pursue a Masters in Business Analytics at colleges worldwide, not just in Australia, since more and more tech businesses are employing MBA, data analysts, and business analysts. The following are some justifications for studying for a master’s degree in business analytics in Australia:

    • Business analysts are in high demand since they are hired often across sectors by both private and public sector organisations in Australia. This makes them an excellent alternative to the standard MBA.
    • Placement Options: Institutions like UWA provide students with on-campus internship and placement opportunities, which are unavailable at universities in other nations.
    • Flexible Length: The Master of Business Analytics in Australia is provided for both one and two years, as well as online versions. So, the decision is left up to the student.
    • Better Pay: Australia has provided business analysts with a better salary with at least a 20–30% pay increase on a quarterly basis. This also includes other advantages like 17% superannuation and integrated OTE payments, which is a plus.
    • Growth Opportunities: The course is dynamic and provides a wide selection of specialties. Growth opportunities are intimately tied to upskilling and then applying to a better job for a greater income.
    • Australians who obtain Master of Business Analytics in Australia have access to more than 30 distinct job options. These jobs range from entry-level ones for business analysts to ones with specialisations in finance, business data, artificial intelligence, data science, etc.

    Conclusion

    Australia is one of the finest places to get a Master of Business Analytics in Australia since there are many corporate partnerships amongst colleges there due to the increased need for qualified personnel. Popular partnerships include those between NVIDIA and Monash University, SAS Australia and the University of Melbourne, the IBM Center of Excellence in Business Analytics at Deakin University, and several others. It should go without saying that these partnerships will benefit overseas students pursuing a Master in Business analytics in Australia financially in addition to contributing to closing the supply-demand shortfall.

    Is MSBA in Australia worth it?

    Yes, MSBA in Australia is completely worth it. Australia has world’s top universities for studying MSBA.

    Which cities are best to study MSBA in Australia?

    Australia is considered to be one of the safest and most developed nations. It includes cities that will make you fall in love with the natural beauty and exceptional facilities available there. Some of these cities are Sydney, Canberra, and Melbourne.

    Q. What are the most recent changes regarding the acceptance of ELP results for admission to Australia's Masters in Business Analytics programme?

    A few Australian colleges, like UniMelb, have chosen to accept ELP results. As follows:

    • Test results from Duolingo and Versant are no longer acceptable.
    • The validity of the TOEFL and Pearson Academic Tests (PTE) was increased from two to three years.
    • Temporarily, the TOEFL iBT Special Home Edition Test is considered as an equivalent to TOEFL Tests.
    Can you get admission in an Australian University without GMAT/GRE?

    Yes, several Australian universities offer MSBA  without any GMAT/GRE exam, admissions are done solely on the basis of your application, essays, SOPs etc. But yes, you will have to pass the English Proficiency exams such as IELTS, TOEFL.

    Q. How may Indian students determine their Australian WAM for Masters in Business Analytics admission?

    Australia uses the WAM (Weighted Average Marks) system to determine each student’s GPA. The three stages in calculating WAM are as follows:

    • The default WAM score range is doubled by all obtained units.
    • Add up all the multiples.
    • Subtract this number from the total achieved credits for WAM.
    Q. Are there any additional requirements for admission to the MS in Business Analytics programme in Australia?

    You must submit a completed application in order to be considered for admission to Australian universities’ Masters in Business Analytics programmes. Transcripts, an ELP score card, letters of recommendation (2–3), a statement of purpose (SOP), and in a few instances, an updated CV are needed supporting papers for international students.

    Q. In Australia, are the MS degrees in business analytics and data science the same?

    No, an MS in Business Analytics focuses on client relations and meeting organisational needs. Business analysts use structured data to analyse their company’s business strategy. On the other hand, data science works with both structured and unstructured data for data analysis.

    Q. Is an MBA the same as an MS in business analytics?

    A master’s degree in business administration is known as an MBA. It mixes management, business, and a focus on a certain subject, such information technology. While still emphasising data interpretation and analysis, the MS in Business Analytics places more emphasis on data-driven insights and decision-making.

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