MIM Colleges in Australia: Courses, Fees & Requirements

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Anurag Pal Study Abroad Expert
Updated on Jun 23, 2022 16:51 IST

Masters in Management in Australia provides foundation training in a variety of business and management disciplines and specialist training in marketing. This course enables students to develop, implement and control marketing programs, and work closely with managers in other functional areas.

After the USA and the UK Australia is the most popular destination for higher education. Australia offers a great job market for fresh graduates and a better salary. You get to stay up to 2-4 years post-study in Australia to seek work. The average salary for the MIM graduate in Australia is AUD$85,000 per year.

Highlights for Masters in Australia

Factors

Particulars/Statistics

Total no. of MIM (Masters in Information Management) Colleges in Australia

Approximately 55+ Colleges

MIM (Master in Management) Cost in Australia

Tuition Fee: AUD$33,000 – AUD$50,000 per year

Living Cost: AUD$11,000 – AUD$22,000 per year

Top Specializations

Accounting, Finance, Marketing, Human Resource

Exams Required

IELTS/TOEFL, GMAT

Top 10 MIM (Masters in Management) Colleges in Australia

The overall world university ranking for subject – business and management as per QS and Times Higher Education (THE) world university ranking 2022 are as follows:

University/College

QS Ranking 2022

THE Ranking 2022

University of Melbourne

Parkville, Australia

#34

#33

University of New South Wales

Sydney, Australia

#44

#70

University of Sydney

Sydney, Australia

#47

#58

Monash University

Melbourne, Australia

#52

#57

University of Queensland

Brisbane City, Australia

#76

#54

Australian National University

Canberra, Australia

#83

#54

University of Technology Sydney

Haymarket, Australia

#127

#143

Curtin University

Perth, Australia

#151-200

#251-300

Deakin University

Burwood, Australia

#151-200

#251-300

Macquarie University

Sydney, Australia

#151-200

#192

Popular MIM (Masters in Management) Specializations for Australia

Australian universities offer a diverse range of specializations in the field of management. Australian universities are renowned and acknowledged worldwide for their management courses. Some of the popular specializations are as follows:

  • Finance
  • Marketing
  • Human Resource
  • Accounting
  • Business

MIM (Masters in Management) Cost/Fee in Australia

The tuition fee for MIM in Australia depends upon the university you choose and the specialization you take. Meanwhile, the living cost depends upon your lifestyle and the type of accommodation you choose. Yet we provide an expected figure for tuition fees and living costs in Australia.

  • Tuition Fee: On average, the tuition fee for MIM in Australia can be expected to be in the range of AUD$33,000 – AUD$50,000 per academic year.
  • Living Cost: The living cost on average can be expected to be in the range of AUD$11,000 – AUD$22,000 per year.

Student Visa Cost

Students are required to have a student visa (subclass 500) and the base application charge for this visa is AUD$630. This visa allows students to work part-time in Australia. For more information on a student visa for Australia visit our website.

MIM (Masters in Management) Requirements for Australia

The Academic requirement for the course of MIM (Masters in Management) in Australia is as follows:

  • IELTS/TOEFL
  • Bachelor’s Degree
  • GMAT
  • Statement of Purpose (SOP)
  • Interview
  • Letter of Recommendations (LOR)

Work Permit post MIM (Masters in Management) in Australia

If you wish to work in Australia post your course, you require a “Temporary Graduate visa (subclass 485)”. This visa allows international students to live, and work in Australia.

The cost of a visa for this type of visa is AUD$1680. This visa allows you to stay in Australia for 2-4 years. For more information about the work permit in Australia please visit our website.

MIM (Masters in Management) Scholarships for Australia

The Australian government has invested more than AUD$300 million in scholarships for international students. Scholarships are available at the university level as well. For more information about scholarships for Australia, please visit our website.

MIM (Masters in Management) Jobs and Salaries for Australia (ROI)

The average salary in Australia for fresh graduates in the management field is AUD$85,000 per year. Australian universities put great emphasis on making a student industry-ready.

MIM (Masters in Management) Courses

First Year Tuition Fee

Master of Management

Unimelb, Melbourne

INR 26,14,372

Master of Finance

RMIT University, Melbourne

INR 21,47,328

Master of Accounting

Curtin University - Australia, Perth

INR 17,78,256

Master of Business Analytics

Deakin University, Burwood

INR 20,35,488

Master of Management

Monash University, Melbourne

INR 25,44,360

Master of Accounting and Finance

The University of Adelaide

INR 25,72,320

FAQs for Study MIM (Masters in Management) in Australia

Q.  What is the average tuition fee for MIM in Australia?

A. The tuition fee for MIM in Australia can be expected in between AUD$33,000 – AUD$50,000.

Q. What is the living cost in Australia for international students?

A. The living cost in Australia for international students is approximately AUD$11,000 – AUD$22,000 per year.

Q. Is GMAT required for Master’s in Management in Australia?

A. GMAT is not mandatory but some universities in Australia do ask for a GMAT score.

Q. What is the average salary of MIM graduates in Australia?

A. The average salary for MIM graduates in Australia is AUD$85,000 per year.

Q. What is the cost of a student visa for Australia?

A. The cost of a student visa for Australia is AUD$630.

Q. Can we work in Australia post-study?

A. Yes you can work post-study in Australia. For this, you need to apply for a subclass 485 visa.