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MBA In Business Analytics In Australia: Top Universities, Admission Process And More

mba in business analytics in australia

Australia is renowned for its high-quality education system, boasting globally recognised universities that consistently rank among the world’s best. The country’s dedication to innovation and technology is evident in its academic programs, making it a sought-after destination for students aspiring to pursue business analytics. The MBA in Business Analytics in Australia emphasises a curriculum designed to equip students with strategic decision-making skills and a unique skill set for a competitive edge.

Australia features esteemed universities offering unparalleled education. Of the popular universities, The University of Melbourne and the University of Queensland for Master of Business Analytics, are admired among the aspirants aiming to pursue this course.

Master’s In Business Analytics In Australia: Highlights Of The Course

  • MBA in Business Analytics in Australia is a 1-2 year program focusing on analytical skills required for business strategy development.
  • The minimum admission requirement for the Master of Business Analytics in Australia is to hold a Bachelor’s degree in a related field of study, along with an IELTS score of at least 6.5 or above or an equivalent TOEFL score of 86+.
  • The total tuition fees for top universities offering MBA in Business Analytics in Australia range between 35,000 AUD and 65,000 AUD (19-35 Lakh INR).
  • Top employers for Business Analytics postgraduates in Australia include companies such as SAS, Microsoft, IBM Cognos, and Accenture.

Top Universities For MBA In Business Analytics Australia

Here is a list of the best universities in Australia for MBA in Business Analytics:

UniversityCourseFees
Monash UniversityMaster of Business Analytics (18-24 months, depending on qualifications)AUD 47,800
University of Western AustraliaMaster of Business Analytics (18-24 months)AUD 65,200
Deakin UniversityMaster of Business Analytics (One to two years)AUD 28,600 per year
La Trobe UniversityMaster of Business Analytics (Two years)AUD 35,800 per year
Bond UniversityMaster of Business Data Analytics (16 months)AUD 16,780 per semester
Western Sydney UniversityMaster of Business Analytics (Two years full-time; four years part-time)AUD 31,760
The University of MelbourneMaster of Business Analytics (One year)AUD 55,000 per year
Victoria UniversityMaster of Business Analytics (Two years)AUD 15,500 (INR 8.36 lakh) per semester
University of Technology SydneyMaster of Business Analytics (18 months full-time or three years part-time)AUD 927(INR 50,038) per credit point

MBA In Business Analytics In Australia: Admission Process And Eligibility 

While specific requirements for an MBA in Business Analytics in Australia may vary across universities, there are common criteria that every applicant must meet. The fundamental requirements and processes include:

  • Academic Degree: Bachelor’s degree in a related field.

  • English Proficiency Test Score: Attainment of a minimum IELTS score of 6.5 or a TOEFL score of 86 and above to apply for an MBA in Business Analytics in Australia.

  • Statement of Purpose (SOP) for Business Analytics: Submission of a 1-2 page letter expressing your enthusiasm for the program and highlighting your future aspirations.

  • Letters of Recommendation (LOR): Providing at least 2 academic letters of recommendation (LOR).

MBA In Business Analytics In Australia: Study And Living Costs

The tuition fees for pursuing an MBA in Business Analytics at leading institutes in Australia are outlined below:

University NameTuition Fees (AUD)Tuition Fees (INR)
The University of Melbourne70,40036 Lakh
University of Adelaide49,00026.82 Lakh
Macquarie University40,80022.33 Lakh
La Trobe University36,40019.92 Lakh
Western Sydney University33,35218.25 Lakh
University of Wollongong48,09626.33 Lakh

Apart from the tuition fees, you will also need to consider the living expenses that you will have to incur while going for your post-graduation studies. Here is a detailed break-up of the cost of living as a student in Australia:  

ExpensesAUD
Off-Campus Accommodation 800
On-Campus Accommodation1754
Transportation150
Food Cost780
Utility Cost205
Entertainment80
Groceries68
Clothes153
Total Cost of Living with Off-Campus Accommodation 2236
Total Cost of Living with On-Campus Accommodation 3190
Annual Cost of Living26832

Scholarships

International students have the opportunity to receive scholarships based on their academic performance, involvement in extracurricular activities, and relevant work experience. The table below outlines the total tuition fees alongside the available scholarship amounts or percentages for those aspiring to go for a Master’s in Business Analytics in Australia:

UniversityFeesScholarship Available
University of MelbourneAUD 55,00050% of the tuition fee waived
Monash UniversityAUD 47,80010% – 100% scholarship
University of Western AustraliaAUD 64,200AUD 2,500 – AUD 10,000 waiver
University of Technology SydneyAUD 67,00010% tuition fee waived for alumni
Deakin UniversityAUD 57,20010% deduction in enrolment fee
La Trobe UniversityAUD 71,60025% course fee waived
Victoria UniversityAUD 61,50020% discount in tuition fees

Jobs And Career Scope

After obtaining an MBA in Business Analytics in Australia, graduates gain extensive experience in applying theoretical knowledge to the practical world. The program emphasises equipping students with innovative business concepts for profit, analytical thinking for crafting business strategies, and thorough planning to excel in a competitive business environment. Post-course completion, obtaining a post-study work visa in Australia is necessary.

Below is a compilation of popular job profiles and the typical remuneration candidates receive after completing a Master’s degree in Business Analytics from renowned Australian universities:

ProfessionAverage Salary (AUD)Average Salary (INR)
Business Planning Executive68,76937 Lakh
Business Analyst83,08045 Lakh
Data Insights Analyst73,55740 Lakh
Data Scientist93,06550 Lakh
Management Consultant92,41650 Lakh
Financial Analyst77,07642 Lakh

There is a wide array of part-time jobs available in Australia for international students. Many reputable companies also look for postgraduates with an MBA in Business Analytics for part-time roles.

FAQs

Is MBA in Business Analytics good in Australia?

Yes, pursuing an MBA in Business Analytics in Australia can be a beneficial and rewarding choice. The programme equips students with the skills to analyse data and make informed business decisions. 

Which university is best for Business Analytics in Australia?

The leading universities to pursue Master’s in Business Analytics in Australia include Monash University, University of Western Australia, Deakin University, La Trobe University, Bond University, Western Sydney University, amongst others.

What is the cost of pursuing a Master’s in Business Analytics in Australia?

You will normally have to spend AUD 40,000-77,000 (approximately INR 22-39 lakh) per year on tuition fees to complete your Master’s in Business Analytics in Australia. 

What is the eligibility criteria for a post-graduate Business Analytics course in Australia?

The minimum admission requirement for Master’s in Business Analytics in Australia is to carry a Bachelor’s degree in a related field of study and an IELTS score of at least 6.5 or above or an equivalent TOEFL score of 86+.

Does going for an MBA in Business Analytics reward a thriving career in Australia?

Yes, Australia has a broad scope for business analysts as reputed companies are seeking post-graduates in this field. This opens doors of brilliant opportunities for the aspirants.

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MBA In Business Analytics In Australia: Top Universities, Admission Process And More

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