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MIM Colleges in Australia : Colleges, Courses, Cost & More

Masters in Management (MIM) is a popular postgraduate program that equips students with essential management skills and knowledge. Australia has become a preferred destination for international students seeking to pursue MIM due to its world-class education, quality of life, and diverse culture. With numerous MIM colleges in Australia offering a wide range of specializations, it can be challenging to choose the right college.

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Are you interested in pursuing a Masters in Management (MIM) degree in Australia? If so, you have made a wise decision as Australia offers world-class education, excellent quality of life, and diverse cultural experiences. Pursuing an MIM degree in Australia can help you acquire the essential management skills and knowledge to succeed in the highly competitive business world. However, with numerous MIM colleges in Australia to choose from, it can be overwhelming to find the right one that meets your needs.

In this article, we will provide you with accurate and up-to-date information on MIM colleges in Australia, including the types of MIM programs, top colleges, eligibility criteria, application requirements, specializations, cost and fees, scholarships, job prospects, and more. Read on to find out everything you need to know about pursuing an MIM degree in Australia.

Top MIM Colleges in Australia

La Trobe University

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Melbourne, Australia

Course Details:
• MiM from La Trobe University is a two-year full-time program.
• The annual fee for International students is AUD$40,400.
• You can get an average Salary of AUD$95,000 after completing the degree.

Eligibility:
• You need to successfully complete an Australian bachelor degree (or equivalent).
• If you are without an undergraduate degree but have five or more years of relevant work experience.
• 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 years
Class Size 25 to 40
Average Work Ex 2 Years
Average GMAT Not Required
Average GPA 2.5

LA Trobe MiM Analysis

Macquarie University

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Sydney, Australia

Course Details:
• MiM from Macquarie is a two-year full-time program.
• The annual fee for international students is AUD$39,600.
• You can get an average Salary of AUD$61,000 after completing the degree.

Eligibility:
• AQF level 7 bachelor’s qualification or recognised equivalent is required
• A relevant experience in Business, Commerce or Management.
• A minimum IELTS score of 6.5 is required if you are from a non-majority English speaking country.

Class Profile

Average Age 25 years
Class Size 20 to 40
Average Work Ex 1.5 Years
Average GMAT Not Required
Average GPA 4.0/7.0

Macquarie MIM Analysis

Monash University

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Melbourne, Australia

Course Details:
• MiM from Monash is a two-year full-time program.
• The annual fee for international students is AUD$31,700.
• You can get an average Salary of AUD$75,000 after completing the degree.

Eligibility:
• You need to successfully complete an Australian bachelor degree (or equivalent).
• You need to have two years of minimum work experience.
• A minimum IELTS score of 6.5 is required if you are from a non-majority English speaking country.

Class Profile

Average Age 24 years
Class Size 25 to 30
Average Work Ex 2 Years
Average GMAT Not Required
Average GPA  3.0

Monash MiM Analysis

Australian National University

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Canberra, Australia

Course Details:
• MiM from ANU is a two-year full-time program.
• The annual fee for international students is AUD$45,168.
• You can get an average Salary of AUD$73,000 after completing the degree.

Eligibility:
• A GMAT with a minimum of 550 points is required.
• A minimum IELTS score of 6.5 or TOEFL – 570 or C1 Advanced – 176 or equivalent test scores are required if you are a national of a non-majority English speaking country.

Class Profile

Average Age 24 years
Class Size 298
Average Work Ex 2 Years
Average GMAT 550
Average GPA 5.0/7.0

ANU MIM Analysis

University of Sydney

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Sydney, Australia

Course Details:
• MiM from USYD is a 1.15 years full-time program.
• The annual fee for international students is AUD$46,000.
• You can get an average Salary of AUD$75,711 after completing the degree.

Eligibility:
• You need to successfully complete an Australian bachelor degree (or equivalent).
• A GMAT with a satisfactory score is required.
• A satisfactory score of IELTS or TOEFL or C1 and C2 or equivalent test scores are required if you are a national of a non-majority English speaking country.

Class Profile

Average Age 23 Years
Class Size 130
Average Work Ex 0.5 Years
Average GMAT 630

University of Sydney MiM Analysis

Melbourne Business School

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Melbourne, Australia

Course Details:
• MiM from MBS is a two-year full-time program.
• The annual fee is AUD$34,816.
• You can get an average Salary of AUD$89,ooo after completing the degree.

Eligibility:
• An undergraduate degree with at least 36 ECTS from the field of business administration.
• A personal statement outlining why you wish to be considered for the course.
• A minimum IELTS score of 6.5 or TOEFL – 577 or PTE – 58 or equivalent test scores are required if you are a national of a non-majority English speaking country.

Class Profile

Average Age 23 years
Class Size 50 to 80
Average Work Ex 2 Years
Average GMAT 650
Average GPA 3.0/4.0

Melbourne Business School MiM Analysis

MIM Colleges in Australia are designed to equip students with the necessary management skills and knowledge to succeed in the dynamic and rapidly changing business environment. MIM programs offered in Australia are of different types, including full-time, part-time, executive and online MIM. Full-time MIM programs typically span over 1-2 years and require students to attend classes regularly. Part-time MIM programs allow students to work and study simultaneously, and the duration of the course may vary depending on the schedule. Executive MIM programs are designed for experienced professionals who wish to enhance their management skills and knowledge to advance their careers. Online MIM programs are ideal for students who prefer flexible and self-paced learning.

Australia is home to some of the top-ranked MIM colleges in the world, offering a diverse range of specializations, including accounting, finance, marketing, human resource management, international business and more. We will cover various topics such as types of MIM programs in Australia, eligibility requirements, application documents, top MIM specializations, cost of living, scholarships, job prospects and top recruiters. This blog aims to provide accurate and up-to-date information to help students make an informed decision about pursuing their MIM colleges in Australia.

MIM Colleges in Australia: Eligibility Criteria

mim colleges in australia eligibility and requirement

To be eligible for a Master's in Management (MIM) program in Australia, candidates must meet certain criteria. The eligibility criteria for MIM Colleges in Australia may vary depending on the institution and the program you apply for, but some general requirements are listed below:

Documents Required to Study MIM Colleges in Australia

Studying a Master's in Management program in Australia can be an exciting opportunity for students who are interested in pursuing a career in business or management. However, before applying for admission to a MIM program in Australia, it is important to be aware of the required documents for the application process. Here are some of the key documents that are typically required for applying to MIM Colleges in Australia:

Educational qualifications required

To pursue a Master in Australia, the minimum educational qualification required is a Bachelor's degree from a recognized university or educational institution. The Bachelor's degree must be completed with good grades, generally a minimum of a 2.1 or equivalent GPA.

Some universities may require a higher GPA or specific academic background, such as a Bachelor's degree in business, management or a related field. It is recommended to check the specific eligibility criteria of each MIM program and university to ensure that the educational qualifications are met.

Work Experience

Some MIM Colleges in Australia may require work experience as a part of their eligibility criteria, while others may not. However, having work experience can be an advantage in the admission process and can also be beneficial in the job market after completing the program. The amount of work experience required varies depending on the program and the institution. Some MIM programs require at least one or two years of work experience, while others may accept candidates with no work experience. It's important to check the specific requirements of each program before applying.

Entrance Exams

Many MIM programs in Australia require applicants to take standardized tests such as GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examinations) as part of their admission process. However, some universities in Australia may not require these tests and instead consider other factors such as academic performance, work experience and personal statements.

If you are planning to apply for an MIM Colleges in Australia that requires GMAT or GRE scores, it is essential to prepare thoroughly for the exams. These exams test your analytical, quantitative, and verbal reasoning abilities and a high score can significantly improve your chances of getting accepted into your desired MIM program.

Additionally, some MIM programs in Australia may require applicants to take English language proficiency exams such as IELTS or TOEFL. These exams evaluate your English language skills and ensure that you are proficient enough to successfully complete your MIM program in Australia. It is essential to check with the university you are applying to and ensure you meet their specific English language proficiency requirements.

Language proficiency

To study MIM Colleges in Australia, proficiency in the English language is essential as all courses are taught in English. Most universities and colleges require a minimum score of 6.5 in the International English Language Testing System (IELTS). Some universities also accept scores from other language proficiency tests such as TOEFL, PTE, and Cambridge English Advanced.

It is important to note that the required score may vary from university to university, and also from program to program within the same university. Therefore, it is crucial to check the specific requirements of the program and university you are interested in before taking the test.

Additionally, some universities may offer language courses or language support services to help international students improve their language proficiency. These services may include English language courses, conversation classes and academic writing support.

MIM Colleges Specializations in Australia

Masters in Management (MIM) is a versatile degree that offers students a range of specializations to choose from. If you're planning to pursue MIM Colleges in Australia, you'll be glad to know that there are several specializations available to cater to your interests and career goals. Here are the top specializations offered by MIM colleges in Australia:

1. Accounting

MIM in Accounting focuses on preparing students for accounting roles in various industries. It covers areas such as financial reporting, auditing, taxation and accounting information systems.

2. Finance

MIM in Finance aims to equip students with the necessary skills and knowledge to pursue a career in finance. It covers areas such as investment analysis, financial planning, risk management and corporate finance.

3. Marketing

MIM in Marketing focuses on teaching students the fundamentals of marketing, consumer behavior and market research. It equips students with the skills to develop and implement effective marketing strategies.

4. Human resources

MIM in Human Resources prepares students for a career in the field of human resource management. It covers areas such as recruitment, employee training and development, compensation and benefits and employee relations.

5. Information Technology Management

MIM in Information Technology Management aims to equip students with the necessary skills and knowledge to pursue a career in IT management. It covers areas such as database management, system analysis, project management and cybersecurity.

MIM in Australia Without GMAT

Master in Management is a popular program for students who want to enhance their management and leadership skills. While GMAT scores are often a requirement for admission to MIM programs, some universities in Australia offer MIM without GMAT as well.

Many MIM programs in Australia accept students based on their overall academic performance, work experience and English proficiency. As such, if you have a good academic record and relevant work experience, you may be able to secure admission to MiM Colleges in Australia without taking the GMAT.

However, it is important to note that some universities may require alternative standardized tests in lieu of the GMAT, such as the GRE or the GATE. In addition, some universities may require a higher academic record or work experience to compensate for the lack of GMAT scores.

It is recommended that you research the specific requirements of the MIM program you are interested in to determine whether a GMAT score is required or if there are alternative options available. You can also consult with a study abroad consultant or the university admissions office for further guidance.

MIM in Australia Without Work Experience

If you're looking to pursue a Master's in Management (MIM) in Australia, but don't have any work experience, don't worry. There are options available for you. Some universities in Australia may offer MIM programs without requiring any work experience. However, keep in mind that having relevant work experience can strengthen your application and increase your chances of being admitted to a top-tier MIM program.

Additionally, some universities may require you to have completed an internship or a practical project as part of your academic coursework. This can provide you with practical experience and enhance your learning while pursuing your MiM Colleges in Australia.

MIM Colleges Cost in Australia

The cost of pursuing a MiM Colleges in Australia varies depending on the university and the program. On average, the tuition fees for a full-time MIM program can range from AUD 35,000 to AUD 75,000 per year for international students. Part-time and online programs may have lower tuition fees.

In addition to tuition fees, students will also have to factor in the cost of living in Australia, which can be quite high. Accommodation, transportation, and other expenses can add up to approximately AUD 20,000 to AUD 25,000 per year.

However, many universities in Australia offer scholarships and financial aid to international students to help them manage their expenses. Students are advised to check with their respective universities for more information on scholarships and financial aid programs.

It is also important to note that the cost of pursuing an Executive Master's in Management degree may differ from that of a full-time or part-time MIM program. Executive programs are designed for experienced professionals and may have higher tuition fees.

Cost of living Expenses

Living expenses can vary depending on the location and lifestyle of the student. Below is an approximate breakdown of the cost of living expenses for a student pursuing MiM colleges in Australia:

mim colleges in australia scholarship

MIM Scholarships for Australia

MIM Scholarships are a great way to support your education in Australia. Many universities and organizations offer various scholarships to international students, including those pursuing MiM colleges in Australia. These scholarships can be awarded based on academic merit, financial need. Here are some MIM scholarships in Australia that you can consider:

MIM Jobs and Placement for Australia

One of the primary reasons for pursuing a Master's in Management degree is to enhance career prospects. MIM graduates are in high demand across various industries and sectors, and Australia is no exception. Graduates with an MIM degree have a wide range of job opportunities available to them, including management consulting, business development, project management.

Most MIM colleges in Australia have dedicated career services that provide students with guidance and support to secure employment opportunities. They help students develop their job search skills provide resume and cover letter writing assistance and facilitate connections with potential employers.

The average salary for MIM graduates in Australia varies depending on the industry and job role. According to data from Payscale, the average salary for a management consultant with an MIM degree in Australia is around AUD 87,000 per year while the average salary for a project manager is around AUD 110,000 per year. Graduates with an MIM degree can expect to earn a higher salary than those with just a bachelor's degree and their earning potential increases with experience and career growth.

Types of Job Roles for MIM Colleges in Australia

MIM graduates have a variety of job roles available to them in Australia, depending on their specialization and interests. Some of the popular job roles for MIM graduates include management consulting, business development, project management, human resources, marketing and financial analysis.

Industries that Hire MIM Graduates in Australia

MIM graduates in Australia are highly sought after by various industries, including:

Average Salary for MIM Colleges in Australia

The average salary for MIM graduates in Australia varies depending on the industry and job role. According to data from Payscale, the average salary for a management consultant with an MiM colleges in Australia is around AUD 87,000 per year while the average salary for a project manager is around AUD 110,000 per year. Other job roles and their average salaries include business development manager (AUD 98,000 per year), marketing manager (AUD 96,000 per year) and financial analyst (AUD 70,000 per year).

It's worth noting that these are just average salaries and actual salaries may vary depending on factors such as industry, location, experience and company.

Average salary by Job Role

Here are the average salaries for different job roles of MIM graduates in Australia:

Average Salary by Industry

Here are the average salaries for MIM graduates by industry in Australia:

Top MIM Colleges Recruiters in Australia

Some of the top recruiters for MiM colleges in Australia:

Why Study MIM Colleges in Australia?

There are several reasons to consider studying MiM colleges in Australia. Firstly, Australian universities offering MIM degrees are known for their high academic standards and rigorous curriculum. They provide students with a comprehensive understanding of management principles, which prepares them to become effective leaders in various industries and sectors.

Secondly, Australia is a multicultural country with a diverse student population which provides an opportunity for international students to experience a rich cultural exchange. Studying in Australia also offers opportunities for networking and building relationships with students and professionals from different backgrounds.

Thirdly, the Australian government offers several post study work visas that allow graduates to stay and work in the country for a specified period after completing their studies. This provides an opportunity for MIM graduates to gain work experience in Australia and contribute to the country's economy.

Finally, Australia is known for its high quality of life, with a vibrant and safe environment excellent healthcare and a thriving economy. Studying in Australia provides an opportunity for students to experience this quality of life and potentially build a successful career in the country.

Conclusion

In conclusion, pursuing a MiM colleges in Australia can be a great investment for your career. The program offers a range of specializations, and the colleges have excellent infrastructure, experienced faculty and robust career services that help students secure job opportunities.

MIM graduates are in high demand across various industries and sectors, and their earning potential is high. Moreover studying in Australia provides international students with an opportunity to explore a new culture meet people from diverse backgrounds and gain a global perspective on management.

Know Your Author
Photo of Rohit
Rohit Rajaram
Study Abroad Expert
Rohit is a results-driven individual with a strong background in Education Mentorship, Program Management and Business Development. Holding a Master's degree in Management from ESCP Business School in Paris, Rohit combines academic excellence with extensive industry experience. Throughout his career, Rohit has consistently delivered exceptional results, driving sales, increasing turnover, and achieving targets. Known for his strategic acumen, Rohit formulates and executes successful business strategies, enhancing operational quality, customer satisfaction and key bottonline drivers. As the Co-Founder of MiM-Essay, a leading Early Career Degrees application consulting company, Rohit has successfully mentored over 10,000+ students, enabling them to secure admissions in top-ranked schools worldwide with significant scholarships. Under his leadership, the company has maintained high-quality service and exceptional client satisfaction rates. With expertise in analytics, product development and business excellence, Rohit has successfully driven the success of various initiatives. Committed to constant innovation, he is expanding the company's offerings by introducing digital and technology-powered products for comprehensive education solutions.
What is the duration of a Master's in Management program in Australia?

The duration of a Master's in Management program in Australia is typically 1-2 years, depending on the institution and the study mode (full-time or part-time).

What are the job prospects for MIM graduates in Australia?

MIM graduates in Australia have a wide range of job opportunities available to them, including management consulting, business development, project management, and more. Graduates with an MIM degree can expect to earn a higher salary than those with just a bachelor's degree and their earning potential increases with experience and career growth.

Are scholarships available for MIM programs in Australia?

Yes, there are scholarships available for MIM programs in Australia, both from universities and external organizations. Students can search for scholarships based on merit, need.

Can I work in Australia after completing my MIM degree?

Yes, international students who have completed their MIM degree in Australia are eligible to apply for a post-study work visa. The duration of the visa will depend on the length of the MIM program completed, with graduates of a two-year program eligible for a two-year post-study work visa.

What is the difference between an MBA and an MIM degree?

While both degrees focus on management and leadership skills, there are some key differences between MBA and MIM programs. MBA programs are generally aimed at individuals with significant work experience who want to advance their careers, while MIM programs are designed for recent graduates or those with limited work experience who want to gain a deeper understanding of management principles.