MIM In Australia: Top MIM Colleges in Australia, Admission Process, Costs & More Image
Masters abroad: preps and steps

MIM In Australia: Top MIM Colleges in Australia, Admission Process, Costs & More

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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 universities 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, to know about MIM in Australia. 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 Content:
  1. University For MIM In Australia
  2. Eligibility Criteria And Admission Requirements For MIM In Australia
  3. Cost Of Studying MIM In Australia 
  4. Top Scholarships For MIM In Australia
  5. Jobs After MIM In Australia
  6. Frequently Asked Questions

Best Universities For MIM 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:

So, these are some of the best MIM in Australia universities offering MIM course in Australia to international students. Let’s know it 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 32,126.00/(2,500,000 INR) yearly

  • 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 27,467.31/ (2,137,467.61 INR) yearly

  • 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 29555.92/(29555.92 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 22,537.28/ INR 1,753,819.58 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 16,198.67/(1,260,557.82 INR) yearly

Suggested: Best MIM Colleges Without GMAT for International Students

Specialisation In MIM Program

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

Suggested: 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:-

  1. Academic Qualifications
  2. English Language Proficiency Test Scores
  3. Work Experience
  4. Standardised Tests
  5. Passport and Visa

Let’s know it 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:

  1. Work Experience

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

  1. 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.

  1. Passport and Visa

All international students willing to study MIM in Australia need to have valid passport and study visa issues 3 months before.

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

Admission Process For 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. 

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: tuition fees and the cost of living.

Tuition Fees

Depending on the university's ranking, the tuition 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

USD 57,353

INR 4,445,459.71 (2 years)

Private

USD 32,303

INR 2,503,828.08 (2 years)

Cost of Living

The monthly living cost is around USD1100 to 2600 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

USD 845.15 

INR 65,768.39

Food

USD 56.34

INR /4,384.30

Transportation

USD 49.30

INR 3,836.46 

Health Insurance

USD 21.13 

INR 1,644.31

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:

Scholarship Names

Benefits

Macquarie Vice-Chancellor’s International Scholarships

USD 7000/ (5.5 lakhs INR)

Monash International Merit Scholarship

USD 7000/ (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 from15%, 20%, and 25%.

Destination Australia

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

Victoria University International Scholarships

USD 4200/ (3,25,000 INR)

Postgraduate Academic Excellence Scholarship

USD3500/ (2,70,000 INR)

UOW Alumni Postgraduate Scholarship

Waive 10% of tuition cost.

Jobs After 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)

Human Resource Manager

USD 51,844 (INR 40 lacs) 

Public Relation Manager

USD 34,146 (INR 30 lacs )

Development Manager

USD 53,468 (INR 42 lacs) 

Business development manager

USD 50,000 (INR42 lacs) 

Suggested: 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

Ques. What is the course duration for MIM in Australian Universities?

Ans. The course duration varies with the specialisation in MIM. However, most universities' course duration is two years, and the minimum time is one and a half years in many of the universities.

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

Ans. Many top universities in Australia demand that an applicant must appear for GMAT should have a score of 680. Again, at the same time, a GMAT score is not mandatory for many other universities.

Ques. How do I get a scholarship to study MIM?

Ans. Scholarships are purely based on merit, need, and specific grants to specialise in particular areas of MIM like Financial Resources Management, International Business Management, Strategic Management, Entrepreneurship Management, and many others.

Ques. What are the requirements to enrol in Masters of Management?

Ans. Students must have 50% or above in bachelor’s degree from an authorised university to enrol in a Masters of Management in Australia.

Ques. Is it worth studying MIM in Australia?

Ans. Australia is the leading country for international students. It is considered as one of the most affordable nations in terms of living expenses and tuition.

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