Masters in Business Analytics in Australia: Ranking, Eligibility, Colleges, Placement & More

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Meridean Overseas

Updated On 07 March 2024 & Read Time 10 minutes

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Australia boasts prestigious universities that offer AACSB-accredited Masters in Business Analytics, with notable universities like the University of Melbourne and La Trobe University ranked by QS. Annually, 2,000-3,000 students enrol in this program, attracted by its focus on analytical skills and problem-solving.

 

Three universities also provide online courses, with 12 specialisations available. The program's duration varies, typically ranging from one to two years, depending on prior experience and university choice. A related Bachelor's degree and an IELTS score of 6.5 or the TOEFL equivalent are required for admission.

 

Tuition fees range from 35,000 to 65,000 AUD, and graduates can work for leading companies such as SAS, Microsoft, and IBM Cognos, earning an average of 85,000 AUD per year. However, these details are not enough when you are choosing to live in another country. In this blog, let’s explore more about Masters in Business Analytics in Australia.  

 

Masters in Business Analytics in Australia Highlights

 

Masters in Business Analytics in Australia: Ranking, Eligibility, Colleges, Placement & More

Program

MS in Business Analytics

Eligibility Criteria

Bachelor’s degree in a related field

English Proficiency

IELTS: 6.5 or above | TOEFL: 86+

Tuition Fee Range

AUD 32,000 - AUD 65,000

Average Salary

AUD 85,000 - AUD 1,05,000

Top Employers

SAS, Microsoft, IBM Cognos, Accenture

Total Universities

06

Duration & Type

1-2 years: Full-time | 2-4 years: Part-time

Work Experience

2 years on average

Scholarships

Between 25% - 100%

Placement Opportunities

Offered

Job Sectors

Consulting, Supply Chain & Logistics, Market Research

Post Study Work Permit

Subclass 485 Visa (available)

Why Study Masters in Business Analytics in Australia?

Now that you have learnt a bit about the Masters in Business Analytics, if you are still in the decision-making process, you must look into the stellar reasons for studying for a Masters in Business Analytics in Australia. So, let’s have a look at them below:

  • Global Recognition: Australian universities are well-renowned for their Master of Business Analytics courses, ensuring that graduates receive a credential that is respected worldwide.

  • High Salary Potential: Skilled business analytics professionals in Australia enjoy significantly higher pay scales compared to the national average. Pursuing this degree in Australia can lead to lucrative career opportunities with the average pay scale being three times higher.

  • Permanent Residency Pathway: Business Analytics is listed as a PR pathway course on Australia's Medium and Long-term Strategic Skills List. This makes it easier for international students to transition to permanent residency after completing their studies, further enhancing the appeal of studying in Australia.

  • Industry Demand: An increasing number of tech companies are hiring business analysts, data analysts, and professionals with expertise in analytics, so there is a high demand for graduates with qualifications in Business Analytics, making it a lucrative field to pursue.

  • Flexible Duration: Australian universities offer flexibility in program duration, with options for completing the Master's in Business Analytics in one or two years and online study options. This flexibility allows you to tailor your studies to suit your needs and preferences.

  • Diverse Job Opportunities: Graduates of Master's in Business Analytics programs in Australia have access to a diverse range of job roles spanning various industries, from traditional business analysis roles to specialised positions in areas such as investment analysis, commercial data analysis, artificial intelligence, and data science, providing ample opportunities for career growth and advancement.

 

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Top Universities for Masters in Business Analytics in Australia

Now that you are well aware of the reasons why you should study masters in business analytics in Australia, you should also take a look at its top-notch universities. So, head over to the table below:

Top Universities in Australia

QS Business Master’s Rankings 2024: Business Analytics

Total Tuition Fees (AUD)

Melbourne Business School

15

AUD $70,400

Macquarie Business School, Macquarie University

71-80

AUD $40,800

Sydney Business School, University of Wollongong

81-90

AUD $48,096

La Trobe Business School

101+

AUD $36,600 

Masters in Business Analytics in Australia Admissions

Now that you have learned about top-notch universities, you also look at how to apply for Masters in Business Analytics in Australian admissions. While each university may have its specific requirements, there are common criteria that apply universally:

  • Academic Degree: A Bachelor’s degree in a related field of study is typically required for admission to the program.

  • English Proficiency Test Score: You must demonstrate proficiency in English by achieving a minimum score of 6.5 or above in the IELTS exam or 86 or higher in the TOEFL exam.

  • Statement of Purpose (SOP): You are usually required to submit a 1-2 page statement of purpose outlining your interest in the program and detailing your future plans.

  • Letters of Recommendation (LOR): Most universities require a minimum of 2 academic letters of recommendation from former professors or mentors.

 

Admission requirements may vary slightly among different universities. Below is a summary of the specific admission requirements set by the best universities in Australia for Master's in Business Analytics for international students:

University

Academic Requirement

IELTS Score

TOEFL Score

Additional Documents

The University of Melbourne

3 year undergraduate degree with 65% in related field

7.0 or above

102

CV, Transcripts

University of Adelaide

Bachelor's degree

6.5 or above

79

CV, Transcripts, SOP, LOR

Macquarie University

AQF Level 7 Bachelor’s degree

6.5 or above

83

Transcripts, Passport

La Trobe University

Bachelor’s degree

6.5 or above

79

CV, Transcripts, SOP, LOR

Western Sydney University

Bachelor’s degree in business

6.5 or above

82

CV, Transcripts, SOP

University of Wollongong

Bachelor’s degree with 50%

6.5 or above

86

CV, Transcripts

Application Deadlines

The intake for Masters in Business Analytics in Australia typically follows a division into three trimesters throughout the academic year, although some universities may offer four intakes per year. The upcoming intake dates for various Australian universities are as follows:

  • University of Melbourne: Round 3 - Nov 2024, & Round 4 - Jan 2025

  • Monash University: Round 2 applications closed on Sep 2024.

  • University of Western Australia: Trimester 1 - Jan 2025 

  • Deakin University: Trimester 3 - Nov 2024 intake & Trimester 1 - Jan 2025 intake.

  • La Trobe University: Semester 1 & Term 2 - Jan 2025

  • Victoria University: Applications are currently open for Trimester 3 and Trimester 1.

 

Cost of Studying MS in Business Analytics in Australia

Now that you know the eligibility and deadlines, it is important for those who want to study a Master's in Business Analytics in Australia to consider the costs involved. Top universities charge between $35,000 and $65,000 in tuition. These charges cover the cost of the program's required resources and academic instruction.

University

Total Tuition Fees (AUD)

Fee for Indian Students (INR)

The University of Melbourne

70,400

36 Lakh

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

You have to cover living expenses while pursuing an Australian master's degree in business analytics; these expenses can differ slightly between locations. Extra expenses for lodging, transportation, food, education, and other luxuries make up the majority of Australia's cost of living. Below is a thorough breakdown of all significant expenses:

Type of Expenses

Cost Per Week in AUD

Equivalent Cost in INR

Hostels & Guesthouse

90-150

5,000-8,430

Share Rentals

95-215

5,340-12,000

On-campus

110-280

6,200-15,740

Homestay

235-325

13,200-18,200

Groceries & Eating Out

140-280

7865-15,740

Public Transport

30-60

1,690-3,370

Entertainment

80-150

4,500-8,430

Scholarships for Masters in Business Analytics in Australia

Aspiring students pursuing their Master's in Business Analytics in Australia have access to various scholarship opportunities provided by the Australian Government and individual universities. These scholarships are intended to relieve the financial burden associated with studying abroad. Students who apply for these scholarships can significantly reduce their tuition expenses while also improving their overall academic experience.

Scholarship

Eligibility

Award Value

Global Citizens Scholarship

Offer from the University of Adelaide, GPA of 5.0 or 6.0

15% of tuition fees for GPA 5.0

30% of tuition fees for GPA 6.0

India 10,000 AUD Early Acceptance Scholarship

Indian citizen applying for Macquarie University

10,000 AUD

La Trobe International Scholarship

Full fee-paying international student applying to La Trobe University

15-25% of tuition fees

Jobs and Placement Opportunities

Now that you have complete knowledge about costs and scholarships, you must also look into diverse job opportunities in Australia after masters in business analytics. In Australia, graduates with a master's degree in business analytics can anticipate starting salaries of about AUD 73,000.

 

Several large firms, including Accenture, Deloitte, and Infosys Consulting, employ graduates in various fields, including marketing, IT, consulting, finance, and consulting. After graduating, you can work in Australia for 2 to 3 years with the appropriate visa.

 

Positions in this domain span from Data Scientists to Business Analysts, with compensation contingent on expertise and role. This indicates that graduates of this program have a wide range of excellent employment options in Australia.

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 

Conclusion

To conclude, pursuing a Master's in Business Analytics in Australia offers numerous advantages, including global recognition, high salary potential, and a clear pathway to permanent residency. With the best universities offering diverse programs and scholarship opportunities, coupled with lucrative job prospects, it's a compelling choice for aspiring analytics professionals.

 

If you would like to get a deeper insight into Master's in Business Analytics in Australia, we encourage you to speak with our team of expert counsellors at Meridean Overseas Education Consultants (MOEC). Visit us and get one-to-one counselling, or avail yourself of free video counselling via our website. We will be happy to help you, so please do not hesitate to contact us at application02@meridean.org or 1800-1230-00011.

 

Contact our counselors for application details

FAQs

1. Can I pursue a Master's in Business Analytics in Australia if my undergraduate degree is not in a related field?

While a Bachelor's degree in a related field is typically preferred, some universities may consider applicants from diverse academic backgrounds. Before applying, you must check the specific requirements of each university.

 

2. Are there part-time options available for the Master's in Business Analytics program?

Yes, many universities in Australia offer part-time study options for the Master's in Business Analytics program, allowing students to balance their studies with work or other commitments.

 

3. Can I apply for scholarships to fund my Master's in Business Analytics studies in Australia?

Absolutely! Many universities and government bodies in Australia offer scholarships specifically for international students pursuing postgraduate studies, including those in Business Analytics. It's worth exploring these opportunities to help finance your education.

 

4. Will I be able to work in Australia after completing my Master's in Business Analytics?

Yes, international students holding a subclass 500 visa are typically eligible to work in Australia for a certain period after completing their studies. This provides valuable opportunities to gain work experience and potentially transition to permanent residency.

 

5. What are the career prospects like for graduates of the Master's in Business Analytics program in Australia?

Graduates of the program have access to diverse career opportunities across industries such as consulting, finance, IT, and marketing. With the increasing demand for analytics professionals and Australia's thriving business environment, graduates can expect promising career prospects and growth opportunities.

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