Masters in International Business in Australia is a 2 years postgraduate degree program. University of Sydney, The University of Melbourne are some top universities in Australia for Masters in International Business. Entrepreneurship, Market Research are some top courses for MSc International Business Management in Australia. An IELTS score of 6.5 or higher, or a TOEFL score of 80 or higher is mandatory for Masters in International Business in Australia. International students meeting specific criteria can avail scholarships to study in Australian universities with waiving tuition fees, and other additional benefits. The annual tuition fees for MSc International Business in Australia is about AUD 65,500 (INR 35,02,058). Graduates after pursuing Masters in International Business Management in Australia can expect to earn AUD 1,81,000 (INR 96,77,441) annually.
- Masters in International Business in Australia Highlights
- Why Study Masters in International Business in Australia?
- Masters in International Business in Australia Specializations
- Masters in International Business Vs Masters in Data Analytics in Australia
- Top Universities for Masters in International Business in Australia
- Masters in International Business in Australia Admission Process
6.1 Masters in International Business in Australia Eligibility Criteria
6.2 Admission Documents Required for Masters in International Business in Australia
6.3 Masters in International Business in Australia Application Fees
6.4 Masters in International Business in Australia Application Deadlines - Masters in International Business in Australia Score Requirements
- Cost of Living in Australia
- Masters in International Business in Australia Scholarships
- Jobs After Masters in International Business in Australia
- Top Recruiters For Masters in International Business in Australia
- Work Permit in Australia
- ROI for Masters in International Business in Australia
- FAQs
Masters in International Business in Australia Highlights
MSc International Business in Australia is one of the popular chosen courses. A detailed highlights table of Masters in International Business to study in Australia for international students is tabulated below:
| Program | Masters in International Business in Australia |
| Program Type | Full-time, Part-time, Online |
| Program Duration | 2 years |
| Eligibility Criteria | Bachelors degree with a minimum GPA of 4.0 |
| Score Requirements | IELTS score: 6.5 TOEFL score: 100 PTE score: 58 GMAT score: 630 GRE score: 310 |
| Tuition Fee (Annual) | AUD 65,500 (INR 35,02,058) |
| Average Annual Salary | AUD 1,81,000 (INR 96,77,441) |
| Top Recruiters | FedEx Corporation, Cisco, American Express, Accenture, Marriott International, etc. |
Why Study Masters in International Business in Australia?
Few benefits to immigrate in Australia and choosing to study Masters in International Business Management are detailed below:
- Candidates can also opt to study MSc International Business program in Australian universities at an affordable cost of AUD 32,800 (INR 17,53,703).
- Colleges after Masters in International Business Management in Australia offers various internship and placement with high ROI of AUD 1,81,000 (INR 96,77,441.
- International students will get a direct chance to get connected with industry officials and more than 60,000 business professionals and alumni.
- Sector of international business is likely to see growth by 2-3% more as of the present situation in the next few years.
Masters in International Business in Australia Specializations
Masters in International Business is considered one of the popular PR courses in Australia. A list of popular study areas for Master in International Business Australia are listed below:
- Business Analysis and Decision-Making: The curriculum involves interpreting data to identify insights in order to strategic decision-making.
- Management Competencies: It teaches identifying respective skills in order to meet targets placed for specific job roles or other professional fields.
- Finance: The specialization is about the process of managing funds combined with accounting or business law, economics, and statistics.
- Accounting: It teaches the procedure of recording business-interlinked financial transactions.
- Entrepreneurship: The curriculum focuses on gaining knowledge about various skills in order to run organizations, or lead strategically in workplaces.
Masters in International Business Vs Masters in Data Analytics in Australia
A detailed course comparison between Masters in International Business with Masters in Data Analytics in Australia are tabulated below:
| Parameters | Masters in International Business in Australia | Masters in Data Analytics in Australia |
| Duration | 2 years | 1.5-2 years |
| Eligibility | GPA of 4.0 | GPA of 5.0 |
| Core Subject Areas | Entrepreneurship, Business Analysis, Finance, Accounting | Computational Data Analysis, Data warehousing, Machine Learning, Open Source Tools and Scripting |
| ELP Scores | IELTS score: 6.5 TOEFL score: 100: | IELTS score: 6.5 TOEFL score: 87 |
| Average Annual Salary | AUD 1,81,000 (INR 96,77,441) | AUD 1,46,515 (INR 78,33,649) |
Top Universities for Masters in International Business in Australia
Aspirants can also check fees for MBA in Australia universities. The table below highlights about the tuition fees for Master in International Business Australia:
| Universities | Masters in International Business in Australia Fees |
| The University of Melbourne | 2023: AUD 47,712 (INR 25,50,996) 2024: AUD 52,512 (INR 28,07,635) |
| Queensland University of Technology | 2023: AUD 30,800 (INR 16,46,770) 2024: AUD 32,600 (INR 17,43,009) |
| The University of Sydney | AUD 56,500 (INR 30,20,859) |
| The University of Newcastle | AUD 40,575 (INR 21,69,405) |
| Macquarie University | AUD 43,200 (INR 23,09,755) |
| Monash University | AUD 65,500 (INR 35,02,058) |
| Deakin University | AUD 32,800 (INR 17,53,703) |
| RMIT University | AUD 45,120 (INR 24,12,410) |
| Australian National University | AUD 48,035 (INR 25,68,265) |
| The University of Queensland | AUD 48,160 (INR 25,74,949) |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Masters in International Business in Australia Admission Process
International students must check how to apply to Australian universities for Masters in International Business courses. A detailed process of how to get a MSc International Business Management in Australia is as follows:
- Shortlisting universities as per budget.
- Registration of a new student account in the admission portal.
- Checking eligibility requirements for MSc International Business in Australia at the chosen university’s webpage.
- Payment of the non-refundable application fee.
- Admission decisions by universities are made within 3-8 weeks (approximately).
Masters in International Business in Australia Eligibility Criteria
Understanding the concepts of higher education in Australia is necessary before applying for MSc International Business Management course. Some basic eligibility criteria required by the top universities offering MSc International Business program are as follows:
- An undergraduate degree with a minimum of 4.0 GPA.
- IELTS score of 6.5
- Minimum PTE score of 58
- A telephonic or in-person interview.
- GRE or GMAT score
- Work experience
Admission Documents Required for Masters in International Business in Australia
A list of required documents for a Masters in International Business in Australia are as follows:
- Academic transcripts
- LORs
- PTE scores
- Updated CV
- SOP
- Financial documents
- IELTS score for Australia student visa and PR
- Scholarship documents (if opted for)
- ID proof and recently taken photograph (passport size)
Masters in International Business in Australia Application Fees
International students must check all intakes in Australian universities for Masters in International Business in Australia program before applying. The given table mentions application fees for Masters in International Business in Australian Universities:
| Universities | Application Fees |
| The University of Melbourne | AUD 120 (INR 6,416) |
| Queensland University of Technology | AUD 100 (INR 5,347) |
| The University of Sydney | AUD 150 (INR 8,020) |
| The University of Newcastle | No Application Fees |
| Macquarie University | No Application Fees |
| Monash University | AUD 100 (INR 5,347) |
| Deakin University | AUD 55 (INR 2,941) |
| RMIT University | No Application Fees |
| Australian National University | Standard: AUD 215 (INR 11,533) 3 February-August 2024: AUD 78 (INR 4,184) |
| The University of Queensland | AUD 100 (INR 5,347) |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Masters in International Business in Australia Application Deadlines
The intakes and application deadlines for Australian universities for the Masters in International Business course are tabulated below:
| Universities | Application Deadlines |
| The University of Melbourne | October 31, 2023 |
| Queensland University of Technology | December 14, 2023 |
| The University of Sydney | Semester 1: 15 January of the Commencing Year Semester 2: 25 June of the Commencing Year |
| The University of Newcastle | Semester 1 2024 - 11 February 2024 Semester 2 2024 - 7 July 2024 Trimester 1 2024 - 14 January 2024 Trimester 2 2024 - 28 April 2024 Trimester 3 2024 - 11 August 2024 Winter Term - 2 June 2024 |
| Macquarie University | Session 1: February 5, 2024 Session 2: July 8, 2024 |
| Monash University | International students can apply for a place anytime throughout the year |
| Deakin University | Trimester 3 2023: October 29, 2023 Trimester 1 2024: February 18, 2024 |
| RMIT University | March 6, 2024 |
| Australian National University | Semester 1: November: 15 October 2023 December: 15 November 2023 January: 15 December 2023 Semester 2: 15 October 2023-15 May 2024 |
| The University of Queensland | Semester 1: November 30 of the previous year Semester 2: May 31 of the same year |
Masters in International Business in Australia Score Requirements
There are certain Duolingo accepted universities in Australia. A list of required scores for Masters in International Business in Australian Universities are tabulated below:
| Universities | Standardized Test Scores | ELP Scores |
| The University of Melbourne | No GMAT or GRE requirements | IELTS: 6.5 TOEFL: 79 PTE: 58-64 |
| Queensland University of Technology | No GMAT or GRE requirements | IELTS: 6.5 TOEFL: 79 PTE: 58 |
| The University of Sydney | GMAT: 630 | IELTS: 7.0 TOEFL: 96 PTE: 68 |
| The University of Newcastle | No GMAT or GRE requirements | IELTS: 6.5 |
| Macquarie University | GMAT: 600 | IELTS: 6.5 |
| Monash University | GMAT or GRE score requirements | IELTS: 6.5 TOEFL: 79 PTE: 58 |
| Deakin University | GRE or GMAT not required | IELTS: 6.5 |
| RMIT University | No GMAT or GRE requirements | IELTS: 6.5 TOEFL: 79 PTE: 58 |
| Australian National University | GMAT: 550 GRE Verbal: 155 GRE Quantitative: 155 |
IELTS: 6.5 TOEFL: 80 PTE: 64 |
| The University of Queensland | No GMAT or GRE requirements | IELTS: 6.5 TOEFL: 87 PTE: 64 |
Cost of Living in Australia
International students can check student accommodation in Australia Universities for Indian students. An estimated cost of living in Australian Universities are as follows:
| Universities | Cost of Living |
| The University of Melbourne | AUD 68,900 (INR 36,83,844) |
| Queensland University of Technology | AUD 43,500 (INR 23,25,795) |
| The University of Sydney | AUD 21,041 (INR 11,24,990) |
| The University of Newcastle | AUD 18,912 (INR 10,11,160) |
| Macquarie University | AUD 30,520 (INR 16,31,799) |
| Monash University | AUD 30,000-45,000 (INR 16,03,996-24,05,994) |
| Deakin University | AUD 46,592 (INR 24,91,113) |
| RMIT University | AUD 52,260 (INR 27,94,161) |
| Australian National University | AUD 31,200 (INR 16,68,156) |
| The University of Queensland | On-Campus: AUD 21,160-36,480 (INR 11,31,352-19,50,459) Off-Campus: AUD 19,320-45,060 (INR 10,32,974-24,09,202) |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Masters in International Business in Australia Scholarships
A list of graduate scholarships in Australia for international students available at top universities are detailed below:
| Universities | Scholarship Names | Eligibility Criteria | Award Value |
| The University of Melbourne | Melbourne Graduate Scholarship | International graduate degree-seeking candidates are eligible | General Allowance |
| Queensland University of Technology | International Merit Scholarship | International postgraduate degree students with academic merit | 25% of tuition fee waiver per semester |
| The University of Sydney | Sydney Scholars India Equity Scholarship | Indian citizens holding academic merit | AUD 60,000 (INR 32,07,992) covering tuition fees, living expenses, flights, textbooks, and health cover |
| The University of Newcastle | South Asia Excellence Scholarship | International students holding merit recognitions | AUD 10,000 (INR 5,34,666) |
| Macquarie University | India $10,000 Early Acceptance Scholarship | Students with Indian citizenship, enrolled in each compulsory study period, accepting offer letter and paying commencement fee by deadline | AUD 10,000 (INR 5,36,116) each year |
| Monash University | Monash International Merit Scholarship | International students enrolled in a postgraduate degree student | AUD 10,000 (INR 5,34,666) per 48 credits |
| Deakin University | Deakin alumni discount | Open for Deakin University alumni, students pursuing postgraduate coursework | 10% reduction on enrollment fee |
| RMIT University | Australia Awards Scholarships | International students meeting country specific eligibility requirements | Full tuition fee coverage, a stipend, Overseas Student Health Cover (OSHC) and other expenses coverage |
| Australian National University | Global Excellence Scholarship | International postgraduate students with merit recognitions | AUD 24,000 (INR 12,83,197) up to 2 years of eligible postgraduate courses |
| The University of Queensland | International High Achievers Scholarship | International students with academic strength | AUD 10,000 (INR 5,34,666) |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Jobs After Masters in International Business in Australia
Annual salary structure of International Business Analyst jobs in Australia is AUD 81,996 (INR 43,84,042). Salary structure of popular jobs after MS in Australia is tabulated below:
| Job Profiles | Average Annual Salary |
| Senior Product Manager | AUD 1,46,281 (INR 78,21,138) |
| Human Resources (HR) Manager | AUD 96,716 (INR 51,71,069) |
| Project Manager | AUD 1,21,211 (INR 64,80,732) |
| Customer Service Director | AUD 1,70,323 (INR 91,06,580) |
| Business Development Manager | AUD 91,160 (INR 48,74,009) |
| Account Manager | AUD 70,880 (INR 37,89,708) |
| Project Coordinator | AUD 82,000 (INR 43,84,256) |
| Quality Assurance Coordinator | AUD 92,000 (INR 49,18,921) |
| Sales Operations Manager | AUD 1,20,000 (INR 64,15,984) |
| Senior Managing Director | AUD 1,31,000 (INR 70,04,116) |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Top Recruiters For Masters in International Business in Australia
A list of top recruiters offering full-time and part-time jobs in Australia post-completion of Masters in International Business course are as follows:
- Amazon
- Deloitte
- Accenture
- Microsoft
- FedEx Corporation
- Cisco
- American Express
- Accenture
- Marriott International
Work Permit in Australia
International students can stay and work in Australia on a temporary or permanent basis. Candidates can also work or train in an eligible skilled occupation in Australia. A list of Australian work visa for skilled migrants are as follows:
- Employer Nomination Scheme visa– Sponsorship needed
- Skilled Independent visa
- Skilled Nominated visa – Sponsorship needed
- Skilled Regional visa
ROI for Masters in International Business in Australia
The University of Newcastle, Macquarie University, and Queensland University of Technology offer a better ROI of 237-304%, after MSc in International Business. A detailed return on investment after pursuing Masters in International Business in Australian universities are as follows:
| Universities | Tuition Fees | Cost of Living | Total | Average Annual Salary | ROI |
| The University of Melbourne | AUD 52,512 (INR 28,07,635) | AUD 68,900 (INR 36,83,844) | AUD 1,21,142 (INR 64,65,942) | AUD 1,81,000 (INR 96,77,441) | 149% |
| Queensland University of Technology | AUD 32,600 (INR 17,43,009) | AUD 43,500 (INR 23,25,795) | AUD 76,100 (INR 40,61,830) | 237% | |
| The University of Sydney | AUD 56,500 (INR 30,20,859) | AUD 21,041 (INR 11,24,990) | AUD 77,541 (INR 41,38,743) | 233% | |
| The University of Newcastle | AUD 40,575 (INR 21,69,405) | AUD 18,912 (INR 10,11,160) | AUD 59,487 (INR 31,75,113) | 304% | |
| Macquarie University | AUD 43,200 (INR 23,09,755) | AUD 30,520 (INR 16,31,799) | AUD 73,720 (INR 39,34,798) | 245% | |
| Monash University | AUD 65,500 (INR 35,02,058) | AUD 45,000 (INR 24,05,994) | AUD 1,10,500 (INR 58,97,927) | 163% | |
| Deakin University | AUD 32,800 (INR 17,53,703) | AUD 46,592 (INR 24,91,113) | AUD 79,392 (INR 42,37,540) | 227% | |
| RMIT University | AUD 45,120 (INR 24,12,410) | AUD 52,260 (INR 27,94,161) | AUD 97,380 (INR 51,97,648) | 185% | |
| Australian National University | AUD 48,035 (INR 25,68,265) | AUD 31,200 (INR 16,68,156) | AUD 79,235 (INR 42,29,161) | 228% | |
| The University of Queensland | AUD 48,160 (INR 25,74,949) | AUD 45,060 (INR 24,09,202) | AUD 93,220 (INR 49,75,608) | 194% |
Note: AUD 1= INR 53.37 (as per dated September 30th, 2023)
Candidates must choose universities offering Masters in International Business in Australia wisely. Certain universities also offer online postgraduate coursework of Masters in International Business in Australia at reasonable cost. Students meeting eligibility criteria avail scholarships to study at top universities for MSc International Business in Australia.
FAQs
Ques: What is the salary of a Masters of International Business in Australia?
Ans: The average annual salary after studying Masters of International Business in Australia is AUD 1,81,000 (INR 96,77,441).
Ques: Is it worth doing a masters in international business?
Ans: Yes, Australia has high demand for international business sector.
Ques: What can I be with a Master in International Business?
Ans: Candidates can get into roles like HR Manager, Senior Product Manager after completion of Masters in International Business in Australia.
Ques: Why choose International Business for Masters?
Ans: MSc International Business Management offering universities in Australia are accredited by the Association to Advance Collegiate Schools of Business (AACSB).
Ques: What are the subjects in international business?
Ans: The major subject areas in International Business are Entrepreneurship, Business Analysis, Finance, Accounting, etc.
Ques: Who is eligible for International Business Management?
Ans: Candidates holding bachelors degree with a minimum GPA of 4.0 are eligible to apply for Masters in International Business Management in Australia.
Ques: What is the scope of MSc International Business Management?
Ans: Graduates after pursuing MSc International Business Management can get hired by top recruiters like Accenture, Google, Cisco, FedEx, Microsoft, etc.
Ques: How many years is international business?
Ans: The duration of International Business is 2 years.
Ques: What are the three major risks in international business?
Ans: Three major risks in international business is political, financial, and regulatory.
Ques: How much IELTS is needed for international business?
Ans: An IELTS score of 7.0 is required for international business as one of the entry requirements.
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