Masters abroad: preps and steps

MIM in Australia: Top MIM Colleges in Australia, Admission Process, Fees, Jobs

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Yocket Editorial Team
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Australia is one of the top-notch destinations to pursue a MIM or Master in Management program. There are various top MIM colleges in Australia that offer considerable scholarships to international students. The country provides ample opportunity for students to learn extensive matters of finance, entrepreneurship, marketing, consultancy, and many other streams. Some universities in Australia offer the 2-year MIM course to increase the students' skills.

So, keep reading as we have covered all the required information in this blog which international students can go through to pursue a MIM course in Australia.

Table of Contents

Why Study MIM in Australia?

There are numerous reasons to pursue a master's in management program in Australia, including the following:

  • To pursue a MIM course in Australia, students do not require work experience or other specific qualifications. As students can get admitted right after graduation, and can apply for this program in Australia with as little as one year of professional experience if required by the universities.
  • Studying the MIM Australia gives you a globally oriented program that emphasises global experiences and cooperation with the business market and networks.
  • MIM is one of Australia’s most well-known courses, as it provides severe theoretical classes with various elective options like business ethics or web-based business.
  • MIM Australia courses aid students in gaining significant global exposure in the commercial sector.

Is MIM worth it?

10 Top MIM Colleges in Australia

International students pursuing MIM in Australia have different university and college options to choose and study. These colleges in Australia prepare students to face challenges in the management world. The following MIM colleges in Australia are:

  1. University Of Melbourne
  2. Australian National University
  3. University of Technology Sydney
  4. Monash University
  5. University of Wollongong
  6. University of Sydney
  7. Macquarie University
  8. La Trobe University
  9. Victoria University
  10. Deakin University

So, these are some of the best MIM in Australia universities offering MIM course in Australia to international students. Let’s know in detail:

University Of Melbourne

It is one of the oldest universities in Australia. Melbourne Business School's Master of Management program provides basic business training and specialised training in organisational management to international students. The degree is offered to students holding a bachelor degree in an area outside of business/commerce or those with a business related.

Type

Public

QS Ranking 2022

37

Program Offered

MIM in Marketing

Program Duration

2 years

Program Fees

USD 32,126 (25,00,000 INR) yearly

GMAT Accepting Colleges in Australia

The Australian National University

Australian National University was founded in 1946 and it is an open research university. After merging with Canberra College in 1960, it began offering undergraduate degrees. The Master of Management program prepares graduates and professionals from any subject to make evidence-based decisions, solve problems creatively, act responsibly and become future leaders.

Type

Public

QS Ranking 2022

27

Program Offered

Advanced Master of Management

Program Duration

2 years

Program Fees

USD 27,467 (21,37,467 INR) yearly

How to Write an SOP for Australia?

University of Technology Sydney

The University of Technology Sydney is the best campus, situated at the southern entrance to Sydney's Central Business District. The Master of Management program allows international students to build an enterprise-wide understanding of organisations immersed in a global society, incorporating perspectives per the current management system. In a publicly monitored global business world, such a perspective is believed necessary for appreciating the work, people, places, and processes required.

Type

Public

QS Ranking 2022

133

Program Offered

Master of Management Extension

Program Fees

USD 29,555 (15,00,000 INR) yearly

Monash University

Monash University was established in 1958 and it’s one of the best MIM colleges in Australia. Doing the MIM program you'll develop specialised management knowledge and abilities to adapt to the problems and opportunities of the fourth industrial revolution, all while taking into account the ramifications of global operations on the circular economy in accordance with the United Nations Sustainable Development Goals.

Type

Private

QS Ranking 2022

58

Program Offered

MIM

Program Duration

2 years

Program Fees

USD 22,537 (INR 17,53,819) yearly

University of Wollongong

The University of Wollongong was established by the New South Wales Parliament in 1975. It is also ranked under the 2% universities that have been known internationally both academically and for the quality of its graduates and has 98% of its disciplines ranking worldwide. The Master of Management gives working managers the opportunity to advance their careers by honing their professional, personal, and technical abilities in critical business sectors.

Type

Public

QS Ranking 2022

193

Program Offered

MIM

Program Duration

2 years

Program Fees

USD 16,198 (12,60,557 INR) yearly

Best MIM Colleges Without GMAT for International Students

University of Sydney

One of the most highly recognised universities in not just Australia but the whole world, the University of Sydney offers the best MIM Australia. The university is famous for offering more than 90% of employability rates at recruiters such as Deloitte, PwC, Procter and Gamble, etc. UofS also allows students to intern at top companies after a single semester.

Type

Public

QS Ranking 2022

38

Program Offered

MIM

Program Duration

1 year

Program Fees

AUD 36,000 (20,00,000 INR) yearly

Macquarie University

Accredited by AACSB, the Macquarie Graduate School of Management offers international students with an education which is valued across countries. With its professional courses, and a culturally rich environment, the university is definitely recognised as one of the top MIM colleges in Australia. The university also has its international campus located in Hong Kong.

Type

Public

QS Ranking 2022

200

Program Offered

MIM

Program Duration

1 year

Program Fees

AUD 28,310 (15,00,000 INR) yearly

La Trobe University

La Trobe University annually welcomes over 6,500 students from over 120 countries. The Business School’s fully Australian identity allows it to offer a distinctive multicultural education approach in the field of business and a global perspective on International Management concerns. By choosing the Master in Management at La Trobe, students are able to expand their views and have insight access to the changing faces of international management.

Type

Public

QS Ranking 2022

362

Program Offered

MIM

Program Duration

1 year

Program Fees

AUD 38,400 (21,00,000 INR) yearly

Top MIM Colleges for International Students

Victoria University

A public research university known for its management discipline, the Victoria University is counted among the best universities to pursue MIM abroad. The university is a perfect blend of an affordable yet excellent education, and observes an employability rate of greater than 90% every year. The university is famous for its top ranked programs such as MIM, MBA, BBA, etc.

Type

Public

QS Ranking 2022

601-650

Program Offered

MIM

Program Duration

1 year

Program Fees

AUD 29,700 (16,65,000 INR) yearly

Deakin University

Deakin University is known to impart an impeccable knowledge of management disciplines. The B-School at Deakin helps students build an unmatchable profile in the field of management, thereby facilitating students get a well paid job, and many industrial exposures.

Type

Public

QS Ranking 2022

283

Program Offered

MIM

Program Duration

1 year

Program Fees

AUD 29,700 (16,65,000 INR) yearly

1-Year MBA in Australia

MIM Specialisations in Australia

MIM programs in Australian universities are designed to allow international students to prepare for the changing business scenarios. Students have different options covering major aspects of the course. There are different areas covered under the MIM courses including-

  • Marketing
  • Economics
  • Finance
  • Accounting
  • Analytics

Difference Between MIM and MBA

Eligibility Criteria and Admission Requirements for MIM in Australia

MIM colleges in Australia have different eligibility criteria. However, the overall criteria are as under:

  • Academic Qualifications
  • English Language Proficiency Test Scores
  • Work Experience
  • Standardised Tests
  • Passport and Visa

Let’s know in detail:

Academic Qualifications

International students need to carry a bachelor's degree in business administration from a recognised university with an average 50% or above.

English Language Proficiency Test Scores

Some colleges ask for GRE or GMAT scores, while some colleges do not. However, one should be proficient in English and have a valid TOEFL/ IELTS or PTE score required for admission. The overall score for the English Proficiency Tests is:

International students interested in pursuing MIM in Australia can have at least 2 years of work experience or less.

Standardised Tests

Most Australian universities demand a GMAT score to apply for the MIM program, a few notable foundations accept GRE scores. Do crosscheck about GMAT or GRE scores required by the college you're applying to.

Documents Required for MIM in Australia: 

To get admitted to one of the best colleges for an Australia MIM degree, one must submit the required documents.

  • Academic Transcripts
  • LOR
  • SOP
  • Valid Passport
  • Fund Proof
  • GMAT/ GRE scores
  • IELTS/ TOEFL/ PTE scores
  • Entrance exams scores (if required)
  • Student Health Insurance Proof

Sample SOP for MIM

Application Process to Study MIM in Australia

Generally, for getting admission to the top colleges to study Australia MIM courses, the process include:

  • Choose the college or university in Australia to apply for MIM programs. Visit the website for the date of admission and application submission.
  • Get all qualification and affirmation cycle information on the official college website.
  • Upload copies of the many required documents that have been reviewed (mark sheet, CVs, IELTS/TOEFL, GMAT/GRE scorecards).
  • You will get the date of University Interview after completing and presenting your web-based application format.
  • If you pass the interview, you will be given a contingent contract letter.
  • Do the payment of course fees and book a seat at the college of your choice.

MIS vs MEM vs MIM vs MBA - Which is Best?

Cost of Studying MIM in Australia

The cost of studying MIM in Australia varies according to the type of college and lifestyle you select. The costs can be further divided into two categories: MIM in Australia fees and the cost of living in Australia.

Tuition Fees

Depending on the university's ranking, the MIM in Australia fees keep changing on a yearly basis. Various colleges have different course fees as selected by the international students.

Type of Institute

Cost (in USD)

Cost (in INR)

Public

57,353

4,445,459 (2 years)

Private

32,303

2,503,828 (2 years)

Cost of Living

The monthly living cost is around USD 1,100 to 2,600 and (85,500 to 200,000 INR) per month. Some of the following expenses to live in Australia are:

Expenses

Cost (in USD)

Cost (in INR)

Accommodation

845.15

65,768

Food

56.34

4,384

Transportation

49.30

3,836

Health Insurance

21.13

1,644

Cost of Studying in Australia

Top Scholarships for MIM in Australia

Various Australian Universities give scholarships to deserving students. The range of scholarships also varies from University to University or scheme to scheme. In some universities, the scholarship amount depends on the academic performance in graduation. Here are the top scholarships offered by various universities:

Scholarships

Benefits

Macquarie Vice-Chancellor’s International Scholarships

7,000/ (5.5 lakhs INR)

Monash International Merit Scholarship

7,000/ (5.5 lakhs INR)

Melbourne Graduate Scholarship

25% to 100% waiver of course fees

La Trobe College Excellence Scholarship

Reduction is annual Tuition costs ranging from 15%, 20%, and 25%

Destination Australia

Yearly scholarship of USD 10,500/ (8,00,000 INR)

Victoria University International Scholarships

4,200 (3,25,000 INR)

Postgraduate Academic Excellence Scholarship

3,500 (2,70,000 INR)

UOW Alumni Postgraduate Scholarship

Waive 10% of tuition cost

Jobs after Studying MIM in Australia

The prospect of getting a job after completing MIM is bright. One can earn an average salary between USD 43,000 and (3,300,000 INR) to USD 67,000 or (5,200,000 INR) annually. The number of job offers and the compensation depends on the University's ranking and the student's performance. The following job opportunities after MIM program in Australia are:

Job Roles

Average Salary per Annum (in USD)

Human Resource Manager

51,844 (INR 40 lacs)

Public Relation Manager

34,146 (INR 30 lacs)

Development Manager

53,468 (INR 42 lacs)

Business development manager

50,000 (INR42 lacs)

Best Jobs after MIM for International Students

The country provides ample opportunity for aspiring students to master the MIM program and get recruited by the top-notch industrial houses across the globe. If you are keen on taking up the MIM in Australia, but also need complete assistance, You can connect with our Yocket Professionals who will help you out to clear your queries efficiently.

 

Frequently Asked Questions about MIM in Australia

What is the course duration for MIM in Australian Universities?

Do I need to appear for GMAT to study MIM at an Australian University?

How do I get a scholarship to study MIM?

What are the requirements to enrol in Masters of Management?

Is it worth studying for a MIM in Australia?

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