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Master of Business Analytics in Australia: Complete Guide for International Students

Sayantani Barman Sayantani Barman
Study Abroad Expert

Master of Business Analytics in Australia is a 2-year postgraduate degree program developing analytical skills for impactful business planning. In Australia, 65 programs are offered in Master of Business Analytics. The course fee for Master of Business Analytics in Australia is AUD 29,800 per year. Top 8 world ranking universities in Australia offer a Master of Business Analytics course.

Why Opt for a Master of Business Analytics in Australia?

  • Whether the startups of Silicon Valley, the graduate of Master of Business Analytics of Australia is needed for analyzing the plethora of data with the help of digital technology.
  • A globally recognized degree can land up the graduate to widen the work horizon anywhere in the world.
  • After the USA, Australia ranks second for the highest paying salaries to data scientists.
  • According to Gartner, a world-renowned research firm confirms a steady growth of 13.4% in the economy 2017 with immense use of data and analytics.
  • Within the next 3-5 years, Augmented Analytics will introduce a new trend in understanding data technology in Australia.
  • According to Gartner, by the end of 2022, most of the renowned corporate firms will use big data in real-time with the help of augmented analytics to improve decision-making skills.

Tuition fees for Top Universities for Master of Business Analytics

Here is the list of the universities offering the master of Business Analytics in Australia

Name of the UniversitiesWorld RankingLocation and date of establishmentProgramTuition Fees (per year)
Monash University75Melbourne, 1958Master of Business Analytics (2years)AUD 45,500 
University of Melbourne32Melbourne, 1853Master of Business Analytics (1year)AUD 55,000
University of Sydney60Sydney, 1850Master degree in Business Analytics (1year)AUD 49,000
RMIT University351-400Melbourne, 1887Master of Analytics (2years)AUD 32,640
University of South Australia120Adelaide, 1856Master of Data Science (2years)AUD 34,800 (1st year) AUD 36,600 (2nd year)
Deakin University301-350Geelong, 1974Master of Business Analytics (2years)AUD 35,000 
Victoria University301-350Melbourne,1916Master of Business Analytics (2years)AUD 15000 
La Trobe University251-300Melbourne suburb of Bundoora, 1964Master of Business Analytics (2years)AUD 34,400

*The costs are given in Australian Dollar (AUD). 1AUD= INR 48.92 (January 18, 2020)

Master of Business Analytics in Australia- Cost of living

The living cost for international immigrants in Australia depends on different factors like city, lifestyle, accommodation plans, meal plans, and transportation.

Housing RentAUD 1200-1500
Meal PlanAUD 600
Other household expensesAUD 200
TransportAUD 500
TotalAUD 2500-2800

*The costs are given in Australian Dollar (AUD). 1AUD= INR 48.92 (January 18,2020)

Admission Process for Masters of Business Analytics in Australia

The international students opting to choose Australia as a destination to get a masters degree in Business Analytics have to meet with the following admission requirements:

  • No cut off for class 12 results
  • Applicants should have passed the undergraduate degree in Mathematics, Information Systems, Engineering, Computer Science, Physics, Economics or Finance with a minimum GPA of 3
  • Applicants should have completed 3 years of undergraduate courses including basic theories on probability, regression analysis, and quantitative aptitude.
  • IELTS with a minimum score of 6.5

Master of Business Analytics in Australia – Academic Requirements

The applicants must have the following academic qualification for studying masters in Business Analytics in Australia.

Name of the UniversitiesAcademic Requirements
Monash UniversityWith a minimum of 65 in Weighted Average Mark(WAM); IELTS- 6.5; TOEFL- 79;
The applicants must have complete knowledge in statistics units of 1st year
University of MelbourneWith a minimum GPA of 65%; Wide academic knowledge in data, mathematics, physics, finance, actuarial science, statistics, economics;
IELTS-7 (with a minimum individual score of 6.5); TOEFL-102 (with a minimum score of 24 in written)
University of SydneyIELTS- 7(with a minimum individual score of 6);
TOEFL-96 (with 17 in Reading, Listening and Speaking and 19 in Writing)
RMIT UniversityIELTS- 6.5(with a minimum individual score of 6);
TOEFL-79 (with a minimum of 13 in Reading, 18 in speaking, 12 in Listening and 21 in writing)
University of South AustraliaGood knowledge in data, mathematics and information technology; IELTS-6.5; TOEFL-94
Deakin UniversityGraduate degree from a recognized university in a related discipline; IELTS-6.5
Victoria UniversityMust have a Bachelor degree in a similar discipline; IELTS- 6.5
La Trobe UniversityRecognized Bachelor degree in any discipline with a related knowledge in data, statistics, mathematics; IELTS-6.5

Documents Required for Masters of Business Analytics in Australia

Before joining the program, the students must submit the following documents for smooth application procedures. List of documents required for the course are

  • Transcripts of the degree last achieved by the applicant
  • Descriptions of the undergraduate course program
  • Updates CV along with a cover letter

The applicants have to upload all the necessary documents on the official portal of the respective universities. After the shortlist of names, the applicant will receive mail on behalf of the university to acknowledge the confirmation letter. The applicant has to revert back after accepting the confirmation letter.

Documents Required for Visa Interview

International candidates are required to apply for a student visa to study in Australia. Here is the list of documents required for a visa interview for the international students to study master’s in Business Analytics

  • Confirmation of Enrolment – The applicant should submit the confirmation letter sent to the selected student about the chosen program of study.
  • Valid Passport- Minimum of 6 months validity is required for the passport
  • Visa application fee- The applicant has to submit a fee of AUD 620 to submit the visa application.
  • Academic or work experience documents (if required) - if the applicant has published any academic works then the documents have to be submitted along with admission procedures. If the applicant has any work experience, then that document will also be uploaded along with the application form.
  • IELTS test score
  • Proof of funds- During visa interview, Australian Immigration department will look after the minimum funds present in the bank account. A minimum of 1-semester tuition fee and the flight tickets (to and fro) for Australia is required.
  • Health insurance policy- The policy costs around AUD 438 annually for the international students to cover health insurance.
  • Statement of purpose- This document shows how the students want to pursue a particular course of study and what will be its future endeavors.
  • Passport size photographs

Master of Business Analytics in Australia- Cost to Study vs Salary

Australia has 35 globally recognized universities. Getting a graduate degree from these renowned universities will be a costly experience. In the below-mentioned list, a wide detailing has been made between the tuition fees and the average salary per year.

Cost to Study and Salary

As in the above-mentioned bar graph, it is shown that in most of the universities of Australia offer the graduates in masters in Business Analytics a good salary package from a range of AUD 49,000 to AUD 94,000 per year. So the Return on Investment in all these universities is higher in every respect. After the USA, Australia is one of the leading countries for economic growth in the global market.

Scholarships to Study Master of Business Analytics in Australia

Due to high tuition fees in Australia, the international students need financial aid for completing masters in Business Analytics in Australia. Popular International student scholarships in Australia include:

A certain number of university-specific scholarships are also available at select higher study institutes in Australia.

Name of the Scholarship University Amount 
Donald Cochrane ScholarshipMonash University AUD 10000
BP Australia Scholarship in Business AnalyticsUniversity of Melbourne AUD 25000
Business School's International ScholarshipUniversity of Sydney AUD 20,000
Master of Artificial Intelligence Scholarship for Indian and Sri Lankan studentsRMIT 50% off in tuition fees 
Deakin alumni postgraduate bursaryDeakin University 15% off in tuition fees 
VU International Excellence ScholarshipVictoria University AUD 3000 for two study periods (first ones) AUD 6000 for tuition fees 
La Trobe College Excellence ScholarshipsLa Trobe University 25% off in tuition fees

Master of Business Analytics in Australia- Salary Distribution Across Australia

This graph has been observed closely to show the salary distribution of the specific economic margin for the business analysts across Australia. The predictive analysis of Business Analytics decides the economic future of the organization. The high salary range of business analysts is due to their analytical intelligence.

Data Analytics

Master of Business Analytics in Australia- Top Recruiters and Job Profiles

Australia is quite famous among business analytics for its wide analytics firms. Business Analytics has become a newly evolved field that provides proper analytical reports to the organization and also the strategies required for the growth in the respective fields.

Top RecruitersJob Profiles
CovalenseBig Data Consultant
Analytics8Financial Analyst, Senior Analyst
Altis ConsultingData Scientist
ContextiData Scientist, Strategist
InternetrixAugmented Data analyst
Integrated Business Technologies (IBT)Data Management, Cloud ERP
PernixData mining and interpretation
Diligent GlobalData Sourcing, Data Interpreter

Apart from these above-mentioned companies, the graduate completing a master of Business Analytics in Australia can upload their updated resume in top job portal sites like CareerOne, Adzuna, Seek, Indeed Australia, FlexCareers, GradConnection and many more.

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