In its top-ranked universities worldwide, Australia offers a Masters in Business Analytics. The AACSB has approved over eight Australian universities that provide a master’s degree in business analytics.
QS World University Ranking 2021 only ranked two of the six universities for Masters in Business Analytics, University of Melbourne and La Trobe University.
Students who pursue a degree in business analytics get analytical skills that can be applied to business strategy.
These two universities are among Australia’s top 100 universities according to national rankings as well.
Every year, between 2,000 and 3,000 students enroll in Australia’s Masters in Business Analytics programmes. Students who are passionate about business, analytics, and problem-solving are drawn to this subject.
Three Australian universities are offering the course online. There are about 12 different specialities available in the course design. The length of this course varies as well, depending on the Australian university and prior knowledge.
Australia Masters in Business Analytics Admissions
Australian admissions to master’s programmes in business analytics are based on the applicant’s bachelor’s exam results, proficiency in the English language, and fulfillment of the minimal prerequisites. To admit overseas students to the Masters in Business Analytics programme, each university has its own set of requirements.
Ranking for Masters in Business Analytics in Australia
Most Australian universities, including those that offer a Master’s in Business Analytics, are among the top 500 universities in the world according to rankings.
Around three Australian universities, including University of Technology Sydney (UTS), RMIT University, University of South Australia (UniSA), etc., offer a master’s degree in business analytics online. These courses are provided in a hybrid format that combines homework assignments and online lessons.
Universities in Australia, Student’s Grade, ELP Rating, Selection Standards
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College of Melbourne
70% or similar WAM*
7.0 IELTS, 102 TOEFL iBT
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Monash College
WAM: 65%
IELTS: 6.5
Work experience is also a factor.
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Australian University of Western
WAM: 50%
6.5 IELTS, 230 TOEFL iBT
UG grade plus two years of work experience
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Deakin College
WAM: 60-75%
in English, 65% (HSC)
Band A-D for TOEFL and IELTS
degree of bachelor’s with job experience
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La Trobe College
IELTS: 6.5
academic credentials and level of work experience without a UG degree
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Victoria College
WAM: 50%
IELTS: 6.5
Academic grade plus ELP grades
Why Choose Australia to Complete a Masters in Business Analytics?
As has already been established, business analysts are frequently sought after in Australia by both domestic and foreign corporations. In Australia, there are many different popular employment roles in the fields of IT, consulting, finance, marketing, operations, etc. After graduating, students with subclass 500 visas are eligible to apply for jobs in Australia and work there for at least two to three years.
University of Melbourne and LaTrobe University, two of Australia’s most well-known universities, both have top-ranked master’s in business analytics programmes on the international scale.
According to QS’s rankings for graduate employability, some of the Australian universities that offer the programme are among the best.
Australia’s average pay scale is three times higher than that of the rest of the world for skilled business analytics workers.
Gartner estimates that the Australian market for business analytics has increased by 13.4% from 2017 and now totals roughly 1,468.20 million AUD.
The Medium and Long-term Strategic Skills List includes Business Analytics as a PR route course.
Cost of a Masters in Business Analytics in Australia
An international student who intends to study abroad must be aware of the costs involved. Although the cost of studying is relatively modest compared to other top student destinations, it can still be extremely expensive for an international student.
Planning to pursue studies abroad requires anticipating costs and being aware of them. Masters in Business Analytics in Australia costs around 40,000 AUD to 77,000 AUD. For Indian applicants, this is estimated to 21-38 LPA.
CONCLUSION
Australia is one of the finest places to get a master’s in business analytics because there are many corporate partnerships amongst colleges there due to the increased demand for qualified personnel. Popular partnerships include those between NVIDIA and Monash University, SAS Australia and the University of Melbourne, the IBM Center of Excellence in Business Analytics at Deakin University, and numerous others. It should go without saying that these partnerships will benefit international students pursuing business analytics master’s degrees in Australia financially in addition to contributing to closing the supply-demand imbalance.
