Study Business in Australia
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Erudera's Complete Guide to Studying Business in Australia
As one of the most studied areas among international students in Australia, the business field is also one of the best across the country. International students will find in Australia campuses where making friends from different parts of the world is easy, receiving education of high quality is certain, and receiving preparation in your chosen field is something Australian educators will work on consistently throughout your studies.
Reasons to Study Business in Australia
Internationally Recognized Qualifications
Australian universities work in having a global focus in all their business courses. This allows students to gain knowledge in the business field and practice their profession everywhere in the world. In addition to this, Australian higher education is known for its great quality and also for some of the best universities in the world for business. These universities are ranked high on the list of the best universities worldwide.
Wide Range of Business Courses
Once you get admitted to one of Australia’s universities you will be able to choose between the various courses offered in the business field. From accounting, economics, finance, marketing, finance to business administration, all can be found in the modules of Australian universities. In addition to this, you will be learning the most important principles of business from experts of this field. Their valuable insights will help you when you are placed in a work setting after graduation.
Stay in Australia After Graduation
Students that wish to study the field of business, and stay in Australia after graduation should know that they will have the opportunity to do so. In order to be able to stay you should apply for a post-study work visa. In certain places in Australia students are eligible for 3 years of post-study work visa and if they meet the eligibility criteria they can receive permanent residency. In addition to this, Australia offers great opportunities for business students.
Top Universities to Study Business in Australia
Some of the best universities in Australia for Business are:
- Monash University
- University of Melbourne
- University of New South Wales
- University of Sydney
- University of Queensland Australia
- Australian National University
- University of Technology Sydney
- Deakin University
- University of Western Australia
- University of South Australia
Requirements
Admission requirements for Australian universities vary from one university to another. They may also vary between levels of study. For example, for an undergraduate degree, you must have completed 12 years of study equivalent to the Australian education system. For postgraduate degrees, you may be required to meet some additional requirements such as work experience, prior knowledge in specific subjects, passing a test, or an interview.
In addition to these requirements, prospective students of Australian universities must be proficient in English. To prove your proficiency you must submit IELTS scores. However, make sure you get a score of at least 7.0. If you score less you may risk your admission to the university you are applying to. If you are applying for an MBA program, your university may require you to submit a detailed CV, reference letters, and have one to three years of work experience.
Application Process
Australia does not have a centralized application portal for international students, so you will have to apply directly to the university you plan to attend. You can do this by sending all the documents online through the university website or send them via post. Some of the documents you will need to prepare before sending your application include:
- Academic Transcripts
- Employment Experience (If applicable)
- Personal Statement or Personal Essay
The Australian system offers its students the opportunity to choose whether they want to begin with their studies in the first semester which starts in March and ends in June, or if they want to begin their studies in the second semester which starts in July and ends in October.
Note that after receiving your acceptance letter you may need to apply for a student visa.
Degree Duration: How Long Does It Take to Study Business in Australia?
The duration of your degree will depend on the level of study you are applying to. If you are applying for an undergraduate degree, your degree will take three to four years of full-time study to complete. During this period you will develop skills and practical experience which will help you in advancing your career in the business field.
Completing an MBA in Australia will at least take one year of full-time study. During this period you will receive education on business management and leadership, develop skills such as how to increase productivity, solve problems, attract clients and stakeholders. This course is for students who want to gain practical experience in their field.
Tuition Fees: How Much Does It Cost to Study Business in Australia?
Apart from the living costs including accommodation, transportation and the like, international students should worry about tuition fees which in Australia are fairly reasonable, always considering the great quality of education offered to all students, national and international. However, these costs do vary from one level of study to another. For example, tuition fees for undergraduate degrees in the field of business range from AU$15,000 (US$11,045) to AU$33,000 (US$24,299) per year.
In Australia you can also study business at a postgraduate level.Tuition fees for postgraduate degrees range from AU$20,000 (US$14,725) to AU$37,000 (US$27,242) per year (Master’s degrees), while for Ph.D’s tuition fees range from AU$14,000 (US$10,307) to AU$37,000 (US$27,242) per year. In addition to this you can also complete an MBA which may cost you from AU$11,000 (US$8,098) to AU$121,000 (US$89,085) per year.
Business Career Prospects in Australia
Obtaining a business degree in Australia will allow you to choose between a range of careers in many different fields. Apart from this, it will allow you to choose whether you wish to remain in Australia or work in another country since Australian qualifications are recognized internationally. Business careers that you can pursue after graduation include: business development manager, construction management, entrepreneur, finance manager, general manager, information technology manager, operations manager, product manager to name a few.
The skills you develop during your studies in Australian universities will distinguish you from many other candidates in employment settings. The salary you will receive mainly depends on the profession you take and also on the fact if you wish to remain and practice your profession in Australia. If so, as a business graduate in Australia you will earn around AU$97,300 (US$71,657) annually. The lowest yearly salary for business graduates in Australia is around AU$30,000 (US$,22,103) and it can go up to AU$140,000 (US$103,136).
