Master of Professional Accounting in Australia for international students is a 1–2 years postgraduate course. Masters of professional accounting Australia is offered in top universities like the University of Sydney, the University of Queensland, etc. English proficiency test scores like IELTS, TOEFL or PTE are required for admission in top Universities. The average cost of Master of Professional Accounting in Australia course is AUD 60,000-AUD 1,00,000 (INR 32,20,945.51 – INR 53,68,242.51). Some of the top recruiters for professional accounting courses in Australia are PWC, Deloitte, KPMG etc. The average salary of masters in professional accounting in Australia is AUD 60,000 – AUD 2,00,000 (INR 32,20,945.51 – 1,07,37,088.27).

Table of Content
  1. Master of Professional Accounting in Australia Highlights
  2. Why Study Master of Professional Accounting in Australia?
  3. Master of Professional Accounting Australia Areas of Specialization
    3.1 Masters of Professional Accounting Australia vs Masters of Professional Accounting in USA
  4. Top Universities in Australia for Masters of Professional Accounting
  5. Master of Professional Accounting in Australia Admission Process
    5.1 Eligibility Criteria for Master of Professional Accounting in Australia
    5.2 Documents Required for Master of Professional Accounting in Australia
    5.3 Application Fee for Master of Professional Accounting in Australia
    5.4 Admission Deadline for Master of Professional Accounting in Australia
    5.5 Master of Professional Accounting in Australia Score Requirements
  6. Master of Professional Accounting in Australia Cost of Attendance
  7. Master of Professional Accounting in Australia Scholarships
  8. Jobs After Master of Professional Accounting in Australia
  9. Top Recruiters for Master of Professional Accounting in Australia
  10. Work Permit in Australia
  11. ROI for the Top Colleges Providing Masters of professional accounting in Australia
  12. FAQs

Master of Professional Accounting in Australia Highlights

Mentioned below are the highlights to understand what is a master’s degree in Masters in Professional Accounting in Australia include:

Course Name Masters in Professional Accounting
Duration 1 – 2 years
Eligibility Bachelor’s degree in relevant field
Average tuition fees AUD 60,000-AUD 1,00,000 (INR 32,20,945.51 – INR 53,68,242.51
International Exams Required TOEFL, IELTS, PTE
Job Roles Information and Technology Accountant, Financial Analyst, Auditor
Average Salary AUD 60,000 – AUD 2,00,000 (INR 32,20,945.51 – 1,07,37,088.27)

AUD 1= 53.40, as on 14th September 2023

Why Study Master of Professional Accounting in Australia?

Some key reasons to study Master in Professional Accounting in Australia for international students are as follows:

  • Australian Universities ranks among the top 100 QS World University Rankings 2023.
  • Australian government also allows students to work and study simultaneously 20 hours/week to meet their expenses
  • Graduates of accountancy in Australia benefit from high employment prospects.
  • The average salary for Masters in Professional Accounting Australia graduates is
  • The average salary for Masters in professional accounting graduates is AUD 60,000 – AUD 2,00,000 (INR 32,20,945.51 – 1,07,37,088.27)

Master of Professional Accounting Australia Areas of Specialization

Professional Accounting masters in Australia offers applicants with several areas of specializations as mentioned below:

  • Auditing: This area deals with the verification, inspection or examination of a process or quality system, to ensure smooth functioning of the system.
  • Financial Accounting: This is the process of documenting, analyzing and reporting every transaction of a business or an organization.
  • Management Accounting: This is the method of accounting that creates statements, reports, and documents in an organization.
  • Accounting systems and analytics: This area manages, analyze multiple streams of data.

Masters of Professional Accounting Australia vs Masters of Professional Accounting in USA

Below-mentioned is a comparison of Masters of Professional Accounting Australia and USA:

Particulars Master in Professional Accounting in Australia Master in Professional Accounting in USA
Duration 1.5–2 years 1–2 years
Average Tuition Fee AUD 60,000-AUD 1,00,000 (INR 32,20,945.51 – INR 53,68,242.51) USD 41,250 (INR 34,32,383.58) – USD 84,900 (INR 70,64,469.47)
Job roles Information and Technology Accountant, Financial Analyst, Auditor Senior Accountant, Accounting Manager, Senior Financial Analyst
Average Salary AUD 60,000 – AUD 2,00,000 (INR 32,20,945.51 – 1,07,37,088.27) USD 96,426 (INR 80,24,001.71)

Top Universities in Australia for Masters of Professional Accounting

Master in professional accounting in Australia fees in top Universities are listed below:

Name of University Tuition Fees
University of Queensland AUD 23,192 (INR 12,43,020.30) per semester
Australian National University AUD 48,035 (INR 25,75,616.90)
University of Western Australia AUD 45,500 (INR 24,39,883.57) per year
University of Sydney AUD 56,500 (INR 30,29,531.67) per year
Monash University AUD 53,000 (INR 28,42,432.94) per year
University of Adelaide AUD 49,900 (INR 26,76,216.44) for 24 units
University of New Castle AUD 33,770 (INR 18,11,031.49) per year
Deakin University AUD 31,400 (INR 16,84,225.13)
University of New South Wales AUD 48,700 (INR 26,12,513.36) per year
Melbourne Business School AUD 1,07,649 (INR 57,73,371.77)

AUD 1= 53.63, as on 19th September 2023

Master of Professional Accounting in Australia Admission Process

Master of professional accounting in Australia Universities admission process is as follows:

  • Shortlist your preferred University
  • Go through the course requirements
  • Fill out the application form
  • Submit English proficiency test scores of IELTS, TOEFL, etc.
  • Submit supporting documents
  • Pay the application fee of the University
  • Submit the application
  • Keep a track on the status of your application

Eligibility Criteria for Master of Professional Accounting in Australia

Eligibility criteria for Master of professional accounting in Australian Universities are as follows:

  • Bachelor’s degree
  • English proficiency test scores of TOEFL, IELTS, PTE, etc
  • Work experience may be required
  • Certified Public Accountant (CPA) Exam

Documents Required for Master of Professional Accounting in Australia

Masters in professional accounting requirements to study professional accounting courses in Australia are as follows:

  • Latest resume
  • Transcripts of all educational qualifications
  • Scorecards of entrance exams and language tests
  • Statement of Purpose
  • Letter of Recommendation
  • Proof of funds
  • Documents of work experience

Application Fee for Master of Professional Accounting in Australia

The application fee has to be paid before a student applies for Master of Professional Accounting in Australia fees. Below are the application fees of the top universities offering Master of Professional Accounting in Australia:

University Name Application Fee
University of Queensland AUD 100 (INR 5,373.92)
Australian National University AUD 100 (INR 5,373.92)
University of Western Australia AUD 125 (INR 6,687.57)
University of Sydney AUD 150 (INR 8,060.84)
Monash University AUD 100 (INR 8,025.08)
University of Adelaide AUD 110 (INR 5,911.76)
University of New Castle No fee required
Deakin University AUD 55 (INR 2,944.86)
University of New South Wales AUD 125 (INR 6,720.72)
Melbourne Business School, Melbourne No fee required

Admission Deadline for Master of Professional Accounting in Australia

Mentioned below is the admission deadline of the best University for Master of professional accounting in Australia:

University Name Admission Deadline
University of Queensland November 30 of previous year
May 31 of same year
Australian National University December 15, 2023, January 15, 2024, February 15, 2024, March 15, 2024, April 15, 2024, May 15, 2024
University of Western Australia June 30, 2023
University of Sydney January 15
June 25
Monash University Semester one (March)
Semester two (July)
University of Adelaide February and July
University of New Castle January 29, 2024, May 13, 2024, August 26, 2024
Deakin University 18 February 2024
University of New South Wales N/A
Melbourne Business School October 23, 2023

Master of Professional Accounting in Australia Score Requirements

Below, listed are the standard score and English Language score requirements:

University ELP Requirement GRE/GMAT Requirements
University of Queensland IELTS: 6.5
TOEFL: Score required
PTE: Score required		 GRE: Equivalent score
GMAT: 550
Australian National University IELTS: 6.5
TOEFL: 80
PTE: 64		 GRE: Equivalent score
GMAT: 600
University of Western Australia IELTS: 6.5
TOEFL: 82
PTE: 64		 GRE: Equivalent score
GMAT: 650
University of Sydney IELTS: 5.0
TOEFL: 52
PTE: 42		 GRE: Equivalent score
GMAT: 630
Monash University IELTS: 6.5
TOEFL: 79
PTE: 58		 GRE: Score optional
GMAT: Score optional
University of Adelaide IELTS: 6.0
TOEFL: 79
PTE: 58		 GRE: Optional
GMAT: Optional
University of New Castle IELTS: 7.0
TOEFL: 94
PTE: 65		 GRE: Optional
GMAT: 600
Deakin University IELTS: 5.5
TOEFL: 52
PTE: 42		 GRE: Optional
GMAT: 600
University of New South Wales IELTS: 7.0
TOEFL: 94
PTE: 65		 GRE: Equivalent score
GMAT: Over 650
Melbourne Business School IELTS: 6.0
TOEFL: 79
PTE: 58		 GRE: Equivalent score
GMAT: 695 or higher

Master of Professional Accounting in Australia Cost of Attendance

For queries on how much does it cost to study professional accounting in Australia, students can check below:

University Average Living Cost
University of Queensland AUD 26,880 (INR 14,44,549.33)
Australian National University AUD 31,200 (INR 16,76,956.55)
University of Western Australia AUD 29,760 (INR 15,99,558.56)
University of Sydney AUD 7200 (INR 387,005.10)
Monash University AUD 45000 (INR 24,18,691.94)
University of Adelaide AUD 33,600 (INR 18,05,899.35)
University of New Castle AUD 37,200 (INR 19,99,463.26)
Deakin University AUD 15,648 (INR 841,122.78)
University of New South Wales AUD 21,360 (INR 11,48,214.54)
Melbourne Business School AUD 31,824 (INR 17,10,434.71)

AUD 1= 53.63, as on 19th September 2023

Master of Professional Accounting in Australia Scholarships

The various scholarships required for cheapest Master of Professional Accounting in Australia are listed below for student reference:

University Eligibility Criteria Award
University of Queensland Merit Basis AUD 15,000 (INR 806,081.68)
Australian National University Academic and extracurricular record Varies
University of Western Australia Academic excellence AUD 24,000 (INR 12,89,551.83)
University of Sydney Outstanding academic record AUD 37,207 (INR 19,99,114.35)
Monash University Merit based AUD 50,000 (INR 26,69,205.22)
University of Adelaide Merit based 15% and 30% of the tuition fee
University of New Castle Automatically considered upon admission Up to AUD 10,000 (INR 5,37,124.24) per year
Deakin University International student must have achieved at least a 65% average 25% of your student contributions (tuition fees)
University of New South Wales Academic achievement AUD 20,000 (INR 10,72,600)
Melbourne Business School Students commencing a higher education diploma, undergraduate, or postgraduate (coursework) course with VU Melbourne Varies

AUD 1= 53.63, as on 19th September 2023

Jobs After Master of Professional Accounting in Australia

There are ample amount of job opportunities in Australia. The master of professional accounting salary in Australia along with job profiles are given below:

Job Tittle Average Salary
Accountant AUD 61,000 (INR 32,79,160.53)
Financial Controller AUD 117,000 (INR 62,88,920.55)
Tax Accountant AUD 51,000 (INR 27,41,324.34)
Finance Manager AUD 106,000 (INR 56,98,186.47)
Chief Financial Officer AUD 1,55,000 (INR 83,32,253.79)

Top Recruiters for Master of Professional Accounting in Australia

There are various career opportunities after masters of professional accounting in Australia offered by top companies. Australia professional accounting jobs offered by top recruiters are given below:

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Work Permit in Australia

Work permit remains an important document for foreigners who wish to work in Australia. Candidates must check their eligibility through Australia Immigration Points Calculator. Candidates must meet the English proficiency requirements to avail a work permit. There are various types of work permits available such as distinguished talent visas, skill independent visa, etc. The cost of work permit and visas vary according to their type. The work permit can provide rewarding careers in Australia.

ROI for the Top Colleges Providing Masters of professional accounting in Australia

Masters of professional accounting in Australia at some top colleges and their ROI are as follows:

University Name Tuition Fees Cost of Living Total Expense Average Salary ROI
University of Queensland AUD 23,192 (INR 12,43,020.30) per semester AUD 26,880 (INR 14,44,549.33) AUD 50,072 (INR 26,91,460.77) AUD 1,22,136 (INR 65,69,537.73) +143.92%
Australian National University AUD 48,035 (INR 25,75,616.90) AUD 31,200 (INR 16,76,956.55) AUD 79,235 (INR 42,59,166.25) +54.14%
University of Western Australia AUD 45,500 (INR 24,39,883.57) per year AUD 29,760 (INR 15,99,558.56) AUD 75,260 (INR 40,46,198.89) +62.29%
University of Sydney AUD 56,500 (INR 30,29,531.67) per year AUD 7200 (INR 387,005.10) AUD 63,700 (INR 34,24,641.15) +91.74%
Monash University AUD 53,000 (INR 28,42,432.94) per year AUD 45000 (INR 24,18,691.94) AUD 98,000 (INR 52,68,886.85) +24.63%
University of Adelaide AUD 49,900 (INR 26,76,216.44) for 24 units AUD 33,600 (INR 18,05,899.35) AUD 83,500 (INR 44,89,30,664.92) +46.27%
University of New Castle AUD 33,770 (INR 18,11,031.49) per year AUD 37,200 (INR 19,99,463.26) AUD 70,970 (INR 38,15,474.15) +72.10%
Deakin University AUD 31,400 (INR 16,84,225.13) AUD 15,648 (INR 841,122.78) AUD 47,048 (INR 25,29,673.32) +159.60%
University of New South Wales AUD 48,700 (INR 26,12,513.36) per year AUD 21,360 (INR 11,48,214.54) AUD 70,060 (INR 37,67,439.44) +74.33%
Melbourne Business School AUD 1,07,649 (INR 57,73,371.77) AUD 31,824 (INR 17,10,434.71) AUD 1,39,473 (INR 75,01,445.01) -12.43%

Master of professional accounting in Australia subjects specializations are also available in the top Universities. Candidates must properly go through the Master of professional accounting in Australia syllabus and course curriculum properly before applying in any of the Universities.

FAQs

Ques. Why you choose Master of Professional Accounting in Australia?

Ans. Students who are graduates in other areas but have strong analytical skills and aspire to become professional accountants are also likely to benefit from the program.

Ques. Is a Master of Professional Accounting worth it?

Ans. A bachelor's degree in accounting provides you with all the fundamental knowledge and skills to get an entry-level job as an accounting professional. However, a master's degree gives you the opportunity to deepen your skill set to pursue specialized opportunities in the accounting profession.

Ques. What is the scope of Masters in Professional Accounting in Australia?

Ans. Master of Professional Accounting in Australia can help students in building lucrative careers, with salaries ranging from 60,000 AUD to 200,000 AUD (32 lakhs to 1.06 crore INR) annually.

Ques. What is the difference between MBA and Masters in Professional Accounting?

Ans. An MBA Prepares You For Broad Careers in Business. An M.S. in Accounting Prepares You to Specialize and Form Expertise in Accounting.

Ques. In which country, accountants are highly paid?

Ans. United Kingdom. The United Kingdom clearly tops our list of the top 10 countries in the world with the highest salaries for accountants. The financial sector in London is one of the greatest and largest in the world, with opportunities for accountants at all levels.

Ques.How long is the CPA program in Australia?

Ans. In the case of the CPA Australia Foundation Program, candidates may require almost two years to complete the exams, while the CPA Australia Program may require one year.

Ques. What is the best accounting qualification in Australia?

Ans. Awarded by the Certified Public Accountant Australia (CPA) certification is widely recognized in the accounting and finance industry, and many employers seek candidates with CPA certification. A CPA certificate can deliver many career benefits.

Ques. What IELTS score is required for MPA in Australia?

Ans. To qualify for entry into the MPA, you need to have: An Australian Bachelor degree or equivalent qualification in any discipline. IELTS (Academic) Overall score 6.5 (no band less than 6.0), or equivalent.

Ques. What is the role of a Master of Professional Accounting?

Ans. The Master of Professional Accounting provides training in the technical aspects of the preparation of accounting data; develops your skills in the application of accounting information to solve problems and make decisions; and develops the important professional skills such as communication and critical thinking.

Ques. Can we do MBA and CPA together?

Ans. It would depend on whether you clear the eligibility criteria. Simply having an MBA degree doesn't guarantee that you have the required credits. The instructions by NASBA clearly state that you need to have 120 or 150 credits of which 30+ should be in accounting subjects and 24+ in business-related subjects.