
Australia stands as a premier location for undertaking a Master in Management or MIM degree. Numerous leading MIM institutions in Australia grant substantial financial aid and scholarships to global scholars. The nation presents abundant avenues for learners to master complex subjects in finance, entrepreneurship, marketing, consulting, and various other fields. Certain Australian universities provide a 2-year MIM curriculum to further enhance student competencies.
Continue reading as this article encompasses all essential details that international learners will find helpful when pursuing a MIM program in Australia.
Why Study MIM in Australia?
There are several compelling reasons to pursue a master's in management curriculum in Australia, which include the following:
- To enroll in an Australian MIM program, candidates typically do not need prior work experience or specialized credentials. Applicants can gain entry immediately after completing their undergraduate studies, or apply with as little as one year of professional background if mandated by specific institutions.
- Pursuing a MIM in Australia delivers a globally focused curriculum that highlights international exposure alongside collaboration with corporate networks and the business sector.
- MIM ranks among the most prominent programs in Australia, blending rigorous academic instruction with diverse elective choices such as business ethics or e-commerce.
- Australian MIM programs assist scholars in acquiring valuable international experience within the commercial sector.
Suggested: Is MIM worth it?
10 Top MIM Colleges in Australia
Overseas students pursuing a MIM in Australia have a variety of university and college options available to them. These Australian institutions prepare students to tackle challenges within the management sector. The prominent MIM schools in Australia include:
- University Of Melbourne
- Australian National University
- University of Technology Sydney
- Monash University
- University of Wollongong
- University of Sydney
- Macquarie University
- La Trobe University
- Victoria University
- Deakin University
These represent some of the finest Australian institutions delivering MIM curricula to international learners. Let us examine them in greater detail:
University Of Melbourne
This ranks among the most established universities in Australia. The Melbourne Business School Master of Management curriculum delivers foundational business instruction along with specialized training in corporate management for global learners. This degree is accessible to candidates holding an undergraduate qualification outside the commerce sector as well as those with business backgrounds.
|
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 |
Suggested: GMAT Accepting Colleges in Australia
The Australian National University
Established in 1946, Australian National University functions as a public research institution. Following its amalgamation with Canberra College in 1960, it commenced undergraduate education. The Master of Management curriculum equips graduates and professionals from diverse academic backgrounds to make data-driven decisions, solve challenges creatively, act ethically, and emerge as tomorrow's 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 |
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University of Technology Sydney
Positioned at the southern gateway to Sydney Central Business District, the University of Technology Sydney boasts an exceptional campus. The Master of Management curriculum enables global learners to develop an enterprise-wide grasp of organizations operating within a globalized society, integrating viewpoints aligned with modern management structures. Within a publicly scrutinized global commercial landscape, this perspective is considered vital for understanding the required labor, individuals, environments, and procedures.
|
Type |
Public |
|
QS Ranking 2022 |
133 |
|
Program Offered |
Master of Management Extension |
|
Program Fees |
USD 29,555 (15,00,000 INR) yearly |
Monash University
Founded in 1958, Monash University stands as a premier MIM institution in Australia. Undertaking this MIM curriculum equips you with specialized management expertise and capabilities to navigate the trials and prospects of the fourth industrial revolution, while factoring in the impacts of global activities on the circular economy in alignment with 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 New South Wales Parliament established the University of Wollongong in 1975. It also maintains a position among the top 2% of globally recognized universities for academic standing and graduate excellence, with 98% of its academic fields ranked internationally. The Master of Management offers active managers a chance to propel their careers forward by refining their professional, interpersonal, and technical capabilities across vital commercial sectors.
|
Type |
Public |
|
QS Ranking 2022 |
193 |
|
Program Offered |
MIM |
|
Program Duration |
2 years |
|
Program Fees |
USD 16,198 (12,60,557 INR) yearly |
Suggested: Best MIM Colleges Without GMAT for International Students
University of Sydney
Regarded as one of the most prestigious universities globally as well as within Australia, the University of Sydney provides a leading MIM curriculum. The institution is renowned for achieving graduate employment rates exceeding 90% with prominent employers like Deloitte, PwC, and Procter and Gamble. The University of Sydney also grants learners opportunities to secure internships at leading enterprises after completing just one 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
Endorsed by AACSB, the Macquarie Graduate School of Management offers international students an education respected across international borders. Featuring specialized curricula and a culturally vibrant setting, the institution is widely acknowledged as a premier MIM college in Australia. The university additionally operates an overseas campus situated 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 welcomes upward of 6,500 students originating from over 120 nations every year. The Business School maintains a distinctly Australian character, enabling it to deliver a unique multicultural educational approach to business studies alongside a global viewpoint on international management issues. By opting for the Master in Management at La Trobe, students broaden their perspectives and gain direct insight into the evolving landscape 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 |
Suggested: Top MIM Colleges for International Students
Victoria University
Operating as a public research university renowned for its management programs, Victoria University ranks among the finest institutions for pursuing a MIM overseas. The university offers a combination of affordable yet high-quality education and maintains an annual employability rate exceeding 90%. It is well known for highly rated programs such as the MIM, MBA, and BBA.
|
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 recognized for imparting exceptional knowledge across management disciplines. The business school at Deakin helps students develop a standout profile in management, thereby enabling them to secure well-compensated employment and numerous industry exposures.
|
Type |
Public |
|
QS Ranking 2022 |
283 |
|
Program Offered |
MIM |
|
Program Duration |
1 year |
|
Program Fees |
AUD 29,700 (16,65,000 INR) yearly |
Suggested: 1-Year MBA in Australia
MIM Specialisations in Australia
MIM programs across Australian universities are structured to prepare international students for changing business environments. Students can choose from various options covering key aspects of the curriculum. The different fields covered within MIM courses comprise:
- Marketing
- Economics
- Finance
- Accounting
- Analytics
Suggested: Difference Between MIM and MBA
Eligibility Criteria and Admission Requirements for MIM in Australia
MIM institutions in Australia feature varying eligibility criteria, though the general requirements are outlined below:
- Academic Qualifications
- English Language Proficiency Test Scores
- Work Experience
- Standardised Tests
- Passport and Visa
Let us examine these in detail:
Academic Qualifications
International students are required to hold a bachelor degree in business administration from an accredited university with an overall average of 50% or higher.
English Language Proficiency Test Scores
Certain institutions mandate GRE or GMAT scores, whereas others do not. Nevertheless, candidates must demonstrate English proficiency and present a valid TOEFL, IELTS, or PTE score necessary for admission. The standard score requirements for these English proficiency evaluations are:
- GMAT- 680
- GRE- 326
- IELTS- 6.0
- TOEFL- 330
- Work Experience
International applicants wishing to pursue a MIM in Australia may possess up to 2 years of work experience or less.
Standardised Tests
The majority of Australian universities require a GMAT score for MIM program applications, while a select few reputable institutions accept GRE scores. Applicants should verify the specific GMAT or GRE score requirements of their chosen college.
Documents Required for MIM in Australia:
Securing admission to a premier institution for an Australian MIM degree necessitates the submission of specific documentation.
- Academic Transcripts
- LOR
- SOP
- Valid Passport
- Fund Proof
- GMAT/ GRE scores
- IELTS/ TOEFL/ PTE scores
- Entrance exams scores (if required)
- Student Health Insurance Proof
Suggested: Sample SOP for MIM
Application Process to Study MIM in Australia
Admission to top colleges offering Australian MIM courses generally involves the following steps:
- Select the Australian college or university to apply for MIM programs. Check their website for admission dates and application deadlines.
- Gather all qualification and verification procedure details from the official university portal.
- Upload verified copies of the mandatory documents, including mark sheets, CVs, and IELTS/TOEFL or GMAT/GRE scorecards.
- Receive your university interview schedule after completing and submitting the online application form.
- Successfully passing the interview results in the issuance of a conditional offer letter.
- Complete the tuition fee payment and reserve your place at your preferred institution.
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Cost of Studying MIM in Australia
The expense of undertaking a MIM in Australia fluctuates depending on the institution type and chosen lifestyle. These expenses can be divided into two main categories: MIM tuition fees in Australia and the cost of living in Australia.
Tuition Fees
Depending on university rankings, MIM tuition fees in Australia change annually. Individual colleges feature distinct fee structures selected by 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
Monthly living expenses range from approximately USD 1,100 to 2,600 (85,500 to 200,000 INR). Living costs in Australia include several of the following expenses:
|
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 |
Suggested: Cost of Studying in Australia
Top Scholarships for MIM in Australia
Various Australian universities award scholarships to deserving candidates. The range of scholarships also differs across institutions and schemes. At certain universities, the scholarship value depends on academic performance during undergraduate studies. Below are the leading scholarships provided by various institutions:
|
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 |
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Jobs after Studying MIM in Australia
Career prospects following the completion of a MIM are promising. Graduates can secure average annual earnings ranging between USD 43,000 (3,300,000 INR) and USD 67,000 (5,200,000 INR). Job availability and compensation packages depend on university rankings and student performance. Potential career paths following a MIM program in Australia include:
|
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) |
Suggested: Best Jobs after MIM for International Students
The country offers abundant prospects for ambitious students to master the MIM curriculum and gain employment with premier global enterprises. Individuals interested in pursuing a MIM in Australia who require comprehensive guidance can connect with our Ashiraj Professionals to resolve their queries effectively.
Frequently Asked Questions
What is the course duration for MIM in Australian Universities?
<p>Course lengths vary depending on the chosen MIM specialisation. However, the duration at most universities is two years, with a minimum timeframe of one and a half years at numerous institutions.</p>
Do I need to appear for GMAT to study MIM at an Australian University?
<p>Numerous prominent Australian universities require applicants taking the GMAT to achieve a minimum score of 680. Simultaneously, several other institutions do not make the GMAT score a compulsory requirement.</p>
How do I get a scholarship to study MIM?
<p>Scholarships are awarded strictly based on academic merit, financial need, and targeted grants for pursuing specialized fields within a MIM, such as Financial Resources Management, International Business Management, Strategic Management, Entrepreneurship Management, among others.</p>
What are the requirements to enrol in Masters of Management?
<p>To enroll in a Masters of Management program in Australia, candidates must secure 50% or higher in their undergraduate degree from a recognized university.</p>
Is it worth studying for a MIM in Australia?
<p>Australia stands as a premier destination for global scholars. It is recognized as one of the most cost-effective countries regarding both tuition fees and the cost of living.</p>
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