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.
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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:-
- Academic Qualifications
- English Language Proficiency Test Scores
- Work Experience
- Standardised Tests
- 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:
- Work Experience
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.
- 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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