Masters in Accounting in Australia is a 1-2 years program in Australia. The salary for Masters in Accounting in Australia ranges from AUD 30,000 - AUD 50,000 (INR 16,18,833 - 26,98,055). Candidates require an IELTS score of 6 and above to be eligible for Masters in accounting in Australia. The average TOEFL score required for admissions are 70 and above. The top colleges for MPA in Australia include Monash University, Macquarie University, Australian National University, The University of Adelaide and many more. The average salary after completing Masters in Accounting in Australia is AUD 90,000 (INR 48,56,499). The top recruiters for MPA in Australia include Metro Assist, Glenorchy City Council, Hewitt, Randstad - Accounting and many more.

Masters in Accounting in Australia Highlights

The hights for Masters in Accounting in Australia are:

Course name Masters in Accounting in Australia (MPA in Australia)
Course duration 1-2 years
Mode of study Part time, Full time, online
Eligibility and GPA Bachelors degree in a related field with a minimum GPA of 3
English proficiency requirements IELTS: 6.5
TOEFL: 79
PTE: 58
Standardized exam scores SAT score 1120 to 1290
Masters of accounting in Australia fees AUD 30,000 - AUD 50,000 (INR 16,18,833 - 26,98,055)
Average annual salary AUD 90,000 (INR 48,56,499)

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Why Study Masters in Accounting in Australia

There are many top universities in Australia for MPA course in Australia. There are multiple reasons for studying Masters in Accounting in Australia. They are

  • Candidates get 2-3 years of a work permit upon completion of MPA.
  • Top 10 universities of the world in the professional Accounting Programs are located in Australia
  • Employment outlook for accountants is very strong, with employment projected to grow by 11.7% between 2020 and 2025
  • Cost of Education in Australia are lower than countries such as the UK and the US
  • Students are free to work up to 20 hours weekly and 40 hours during holiday seasons.

Masters in Accounting in Australia vs Masters in Accounting in India

The comparison between Masters in Accounting in Australia and India are:

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Top Universities Masters in Accounting in Australia

There are multiple universities in Australia providing Masters in Accounting in Australia and higher education in Australia. The top universities and their Masters of accounting in Australia fees are:

University Name Course Name Annual Fees
Deakin University Master of professional accounting in Australia AUD 31,400 (INR 16,94,378)
The University of Adelaide Master of Accounting and Finance AUD 49,900 (INR 26,92,658)
Macquaire University Masters in Accounting in Australia AUD 43,200 (INR 23,31,119)
The University of Western Australia Master of Professional Accounting AUD 45,500 (INR 24,55,230)
Australian National University Master of Accounting AUD 48,035 (INR 25,92,021)
RMIT University Master of Professional Accounting in Australia AUD 45,120 (INR 24,34,724)
University of South Australia Master of Professional Accounting in Australia AUD 39,600 (INR 21,36,859)
Federation University Master of Professional Accounting in Australia AUD 30,660 (INR 16,54,447)
Edith Cowan University Master of Professional Accounting in Australia AUD 36,150 (INR 19,50,693)
Monash University Professional Accounting Expert master degree AUD 35,000 (INR 18,88,638)

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Master in Accounting in Australia Admission Process

Candidates must understand how to apply to Australian universities. The admission process involves a few steps which are similar for most top universities in Australia.

  • 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 Masters in Accounting in Australia

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

  • Bachelor’s degree
  • English proficiency test like TOEFL score, IELTS, PTE, etc
  • Certified Public Accountant (CPA) Exam

Documents Required for Masters in 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
  • Updated resume.
  • Australian student visa

Masters in Accounting in Australia Application Fee

The application fee is required by the university while submitting the application for study in Australia. Some universities do not have application fees. The details of the fees are:

University Name Application Fee
Deakin University AUD 55 (INR 2967)
The University of Adelaide AUD 110 (INR 5935)
Macquarie University No Application fees
The University of Western Australia AUD 125 (INR 6745)
Australian National University AUD 78 (Early Bird) (INR 4209) AUD 215 (Standard) (INR 11601)
RMIT University No application fees
University of South Australia No application fees
Federation University USD 25 via Studylink (INR 1349)
Edith Cowan University No application fees
Monash University AUD 100 (INR 5396)

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Application Deadline for Masters in Accounting in Australia

The application deadline differs as per the institute. There are three intakes in Australia. Candidates must check the details before applying.

University Name Application Deadline
Deakin University 18 February 2024
The University of Adelaide Round the year
Macquaire University Session 1 - 5 February 2024 Session 2 - 8 July 2024
The University of Western Australia To be Announced
Australian National University November Round: 15 October 2023 December Round: 15 November 2023 January Round: 15 December 2023
RMIT University 6 March 2024
University of South Australia To be Announced
Federation University Semester One - 25 February 2024
Late Summer - 7 January 2024
Winter - 14 April 2024
Semester Two -9 July 2024
Spring - 25 August 2024
Summer - 10 November 2024
Edith Cowan University November Session - 6 October 2023
September 2024 session - 25 December 2023
Monash University Anytime throughout the year

Admission Requirements for Masters in Accounting in Australia

There are multiple exams to study in Australia. The score requirements for the top universities providing Masters in Accounting in Australia are:

Name of the university Standardized Test Scores Required ELP Requirement
Deakin University NA IELTS Overall 6.0
TOEFL 69
PTE Academic 50
The University of Adelaide NA IELTS 6.5
TOEFL: Total score of 79
PTE: Overall score of 58
Macquarie University NA Minimum IELTS score of 5.5
The University of Western Australia NA IELTS overall score of 6.5
PTE overall score of 64
Australian National University NA IELTS Overall score: 6.5
TOEFL iBT Overall score: 80
PTE Overall score: 64
RMIT University NA IELTS minimum overall band of 6.5
TOEFL minimum overall score of 79
Pearson Test of English: minimum score of 58
University of South Australia NA IELTS 7.0
TOEFL iBT 94
PTE 65
Federation University NA IELTS Overall 7.5
TOEFL iBT overall score of 106
PTE overall 73
Edith Cowan University NA IELTS Academic minimum score of 6.0
TOEFL iBT minimum score of 70
Pearson Test of English 52, with no scores less than 50
Monash University NA IELTS overall 6.5
TOEFL iBT 79
PTE overall 58

Cost of Living for Masters in Accounting in Australia

The cost of living for Masters in Accounting in Australia does not include the tuition fees. Candidates can choose Australia best cities for living. The cost of living details are:

Name of the University Cost of Living
Deakin University AUD 15,969 (INR 8,61,705)
The University of Adelaide AUD 23,720 (INR 12,79,957)
Macquarie University AUD 21,816 (INR 11,77,215)
The University of Western Australia AUD 30,200 (INR 16,21,217.86)
Australian National University AUD 50,824 (INR 27,28,370.08)
RMIT University AUD 20,290 (INR 10,94,871)
University of South Australia AUD 23,720 (INR 12,79,957)
Federation University AUD 23,088 (INR 12,45,853)
Edith Cowan University AUD 21,041 (INR 11,35,395)
Monash University AUD 33,612 (INR 18,04,383.26)

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Masters in Accounting in Australia Scholarships

There are multiple scholarships for international students to help them financially with MPA course fees in Australia. The list of scholarships provided by the universities are:

Name of the University Scholarship Name Eligibility Amount
Deakin University Deakin Vice-Chancellor’s Meritorious 100% Scholarship Applicant should be applying through any Deakin Authorized agent based in India 100% of the total indicative tuition fee stated on your Letter of Offer.
The University of Adelaide The University of Adelaide 2024 Global Citizens Scholarships International students who have achieved academic merit in their previous studies. 15% or 30% reduction toward international tuition fees
Macquaire University India $10,000 Early Acceptance Scholarship Eligible Indian students who commence their studies in 2023 and 2024 AUD 10,000 (INR 5,39,412) per year
The University of Western Australia Global Excellence Scholarship high-achieving undergraduate and postgraduate students across the globe AUD 24,000 (INR 12,94,590) over two years
Australian National University Fulbright Australia Scholarships International students with academic and leadership qualities AUD 40,000 (INR 21,57,651)
RMIT University Australia Awards Scholarships Meet the general requirements for the award Full Tuition fees
University of South Australia International Merit Scholarship Meet the eligibility for the course applied to 15% reduction in their student contributions (tuition fees)
Federation University Federation University Australia Enrolling as a commencing student in 2024 and eligible to study in Australia with a valid visa. 20% of the annual tuition fees
Edith Cowan University Western Australian Premier's University Scholarship Full-time studies in a postgraduate research course AUD 50,000 (INR 26,97,064)
Monash University Monash International Leadership Scholarship full time postgraduate (coursework) degree at a Monash campus 100% course fees paid until the minimum number of points are completed

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Jobs after Masters in Accounting in Australia

Candidates can land up high paying jobs in Australia after completion of Masters in Accounting in Australia. The jobs for international students in Australia position and fees are:

Jobs after Masters in Accounting in Australia Annual Salary
Finance Manager AUD 129,000 (INR 6,95,84,25)
Accountant AUD 80,000 – AUD 90,000 (INR 43,15,302 - 48,54,715)
Bookkeeper - Work From Home AUD 35 – AUD 45 per hour (INR 1887 - 2427)
Financial Accountant AUD 95,000 – AUD 110,000 (INR 51,24,421 - 59,33,540)
Chief Financial Officer AUD 180,000 - AUD 200,000 (INR 97,09,430 - 1,07,88,256)
Finance Officer AUD 100,000 - AUD 110,000 (INR 53,94,128 - 59,33,540)

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Top Recruiters for Masters in Accounting in Australia

The top recruiters include:

  • Metro Assist
  • Glenorchy City Council
  • Hewitt
  • Randstad - Accounting
  • Medaccount
  • R.M. Williams Pty Ltd
  • Montefiore
  • Queensland University of Technology
  • Veolia Australia & New Zealand
  • Hydro Tasmania

Work Permit for Masters in Accounting in Australia

A temporary work visa allows one to come to Australia to work on a temporary basis. There might be visa conditions that only allow specific work or work with a certain employer for candidates. A provisional visa is also a temporary visa that provides a permanent pathway. You may be able to apply for the permanent visa related to the provisional visa. The types of Australia Skilled migration Visas are for skilled migrants to live and work anywhere in Australia.

  • Employer Nomination Scheme visa – Sponsorship needed
  • Skilled Independent visa
  • Skilled Nominated visa – Sponsorship needed
  • Skilled Regional visa

ROI for Masters in Accounting in Australia

Return on investment for Masters in Accounting in Australia for top colleges are provided below. This shows what percentage a students gets return on MPA course fees in Australia. The top colleges with highest ROI for MPA in Australia are:

  • Deakin University
  • Federation University
  • Edith Cowan University
Name of Universities Tuition Fee Cost of Living Total Expense Average Annual Salary ROI
Deakin University AUD 31,400 (INR 16,94,378) AUD 15,969 (INR 8,61,705) AUD 47,369 (INR 25,56,083) AUD 90,000 (INR 48,56,499) 189%
The University of Adelaide AUD 49,900 (INR 26,92,658) AUD 23,720 (INR 12,79,957) AUD 73,620 (INR 39,72,616) 122%
Macquaire University AUD 43,200 (INR 23,31,119) AUD 21,816 (INR 11,77,215) AUD 65,016 (INR 35,08,334) 138%
The University of Western Australia AUD 45,500 (INR 24,55,230) AUD 30,200 (INR 16,21,217.86) AUD 75,700 (INR 40,84,855) 118%
Australian National University AUD 48,035 (INR 25,92,021) AUD 50,824 (INR 27,28,370.08) AUD 98,859 (INR 53,34,540) 91%
RMIT University AUD 45,120 (INR 24,34,724) AUD 20,290 (INR 10,94,871) AUD 65,410 (INR 35,29,595) 137%
University of South Australia AUD 39,600 (INR 21,36,859) AUD 23,720 (INR 12,79,957) AUD 63,320 (INR 34,16,817) 142%
Federation University AUD 30,660 (INR 16,54,447) AUD 23,088 (INR 12,45,853) AUD 53,748 (INR 29,00,301) 167%
Edith Cowan University AUD 36,150 (INR 19,50,693) AUD 21,041 (INR 11,35,395) AUD 57,191 (INR 30,86,089) 157%
Monash University AUD 35,000 (INR 18,88,638) AUD 33,612 (INR 18,04,383.26) AUD 68,612 (INR 3702379) 131%

1 AUD = 53.96 Indian Rupee, dated 29th September, 2023

Master of professional accounting in Australia for international students allows students to grab more job opportunities. Australia provides the cheapest Master of professional accounting in Australia as per the cost of living. There are many scholarships available at top universities in Australia for Masters in professional accounting.

FAQs

Ques: What are the entry requirements for a Master of Accounting in Australia?

Ans: The entry requirements for a Master of Accounting in Australia vary from university to university, but generally include a bachelor's degree, GPA of 2.0-3.0 (on a 4.0 scale), English proficiency test scores.

Ques: What are the different types of Master of Accounting programs available in Australia?

Ans: The most common type of Master of Accounting program in Australia is the Master of Professional Accounting (MPA). This program is accredited by the Accounting Professional and Ethical Standards Board (APESB) and meets the educational requirements for becoming a Chartered Accountant in Australia.

Ques: How long does it take to complete a Master of Accounting in Australia?

Ans: The duration of a Master of Accounting program in Australia typically ranges from 1-2 years, depending on the program and whether you study full-time or part-time.

Ques: What are the costs of studying for a Master of Accounting in Australia?

Ans: The tuition fees for a Master of Accounting program in Australia vary from university to university, but typically range from AUD 30,000 to AUD 60,000 for international students.

Ques: What are the job prospects for graduates of Master of Accounting programs in Australia?

Ans: According to the Australian Government's Job Outlook website, the employment outlook for accountants is very strong, with employment projected to grow by 11.7% between 2020 and 2025.

Ques: What are the highest-paying accounting jobs in Australia?

Ans: The highest-paying accounting jobs in Australia typically include Management Accountant

Financial Accountant, Tax Accountant, Forensic Accountant, Internal Auditor. The median salary for accountants in Australia is AUD 75,000 per year, according to the Australian Bureau of Statistics.

Ques: Can I study for a Master of Accounting in Australia online?

Ans: Yes, a number of Australian universities offer online Master of Accounting programs. This can be a good option for students who are unable to attend on-campus classes or who need to study around work or other commitments.

Ques: Can I get a scholarship to study for a Master of Accounting in Australia?

Ans: Yes, there are a number of scholarships available to international students who are studying for a Master of Accounting in Australia. Some of these scholarships are funded by the Australian Government, while others are offered by universities and private organizations.

Ques: What are the visa requirements for international students who want to study for a Master of Accounting in Australia?

Ans: International students who want to study for a Master of Accounting in Australia will need to apply for a student visa. This visa allows international students to study in Australia for up to five years.

Ques: What are the benefits of studying for a Master of Accounting in Australia?

Ans: There are many benefits to studying for a Master of Accounting in Australia, including:
Australia is a world-renowned leader in accounting education.
Australian universities offer a variety of high-quality Master of Accounting programs.
Graduates of accredited