Australia, with its stable financial infrastructure, strong economy, bustling markets, and strategic geographical location in the Asia-Pacific region, offers amazing opportunities for students aspiring to specialize in finance. When it comes to pursuing a degree like an MBA in one of the world’s strongest economies, students are taking their first step towards a promising future by studying at the Top Universities and Business Schools here.
So, if you are aspiring to study an MBA in Finance, then this article is designed to be your compass, guiding you through the essentials of pursuing an MBA in Australia. From selecting the right university to discussing the career opportunities that await, we have covered it all. Read on to get the details!
Top Universities for MBA in Finance in Australia
Australia has an array of esteemed universities and institutions offering MBA programs in finance. Among them, some of the luminaries are listed below.
- The University of New South Wales, Sydney
- The University of Queensland
- University of Wollongong
- Monash University
- University of Newcastle
- University of Tasmania
- University of South Australia
- Flinders University
Now that we have gone through the list of universities, let’s proceed ahead and discuss the cost of study for international students.
Cost of Education for MBA in Australia
While the pursuit of excellence comes at a cost, the investment in an MBA in Finance in Australia yields invaluable returns in terms of knowledge, skills, and career prospects.
The cost of education varies across universities and finance specializations, the estimated tuition fees usually range from AUD 40,000 to AUD 60,000 for the entire duration.
Additionally, international students need to factor in accommodation, living expenses, and other related cost of education in Australia when planning their budget. This can cost you an additional AUD 30,000 per year.
Course Duration
The duration of MBA programs in finance in Australia usually spans from 18 months to 24 months for full-time students. Part-time options may also be available, extending the course duration accordingly to accommodate the needs of working professionals seeking to balance education with their careers.
Eligibility Criteria for International Students
International students aspiring to pursue an MBA in Finance in Australia are required to meet certain eligibility criteria, which may include the following.
- A bachelor’s degree or equivalent qualification from a recognized institution.
- A competitive GMAT or GRE score, showing aptitude for graduate-level studies.
- Relevant work experience in finance or related fields, showcasing practical insights and industry exposure. However, this is optional and not applicable to freshers.
- English language proficiency, as evidenced by tests such as IELTS or TOEFL, to ensure effective communication and academic success.
Once you shortlist your options and fulfil their eligibility criteria, you can initiate you application process and take the first step towards a bright future.
Career Prospects After Graduation
The successful completion of an MBA in Finance opens doors to a plethora of career opportunities in Australia’s dynamic financial landscape. Graduates can explore diverse roles across various sectors, including Banking, Investment Management, Corporate Finance, and Consulting. Some prominent job roles and their corresponding salary packages in AUD are given below.
Job Roles for Freshers
- Financial Analyst: Average salary range AUD 60,000 to AUD 90,000 per annum.
- Risk Management Associate: Average salary range AUD 70,000 to AUD 100,000 per annum.
- Investment Banking Analyst: Average salary range AUD 80,000 to AUD 120,000 per annum.
Job Roles for Mid-Senior Level Professionals
- Finance Manager: Average salary range AUD 100,000 to AUD 150,000 per annum.
- Chief Financial Officer (CFO): Average salary range AUD 150,000 to AUD 250,000 per annum.
- Investment Portfolio Manager: Average salary range AUD 200,000 to AUD 300,000 or more per annum, depending on experience and performance.
Summing up this article, pursuing an MBA in Finance in Australia is not merely a path to academic achievement; it’s a qualification that equips graduates with the knowledge, skills, and networks needed to thrive in the dynamic world of finance.
With Top-Tier Universities offering innovative programs, research prospects, and abundant career opportunities, Australia is undoubtedly a premier destination for those aspiring to carve a niche in the Finance sector. That is why study in Australia is a preferred choice for many.
So, if you are looking forward to pursuing this degree, then you must know that the application deadlines for 2024 intakes are quite near. Get started today!
