MASTERS IN MANAGEMENT IN AUSTRALIA

Australia has frequently been voted in the world’s top ten most liveable countries. High standard of living, stable economy, excellent work prospects, easy visa process and connections with South-East Asia are few reasons that make Australia’s business schools a great destination for international students.

Whenever we talk about Australian Business school only top MBA programs such as Melbourne Business school, Macquarie Graduate School of Management or Sydney business school comes in our mind.

But an MBA in Australia is pretty competitive, requires a strong analytical background and minimum 3-4 year of work experience, not to forget the high tuition fees can break the bank for most students.

On the other hand, Masters in Management in Australia has started catching attention. Australian schools have been running Masters in Management program (MiM) for a while and have started coming into the limelight.

Masters in Management programs in Australian business schools have strong connections with the developing markets of South-east Asia.

Schools such as the University of Sydney Business have been taking this as a golden opportunity to attract students who want to learn how business works in the Southeast Asia regions especially China, for instance, MiM program at The University of Sydney will allow you to experience the Chinese business environment.

They do this via Chinese company visits where you can learn and understand the key points of entering new markets, managing across cultures and regulatory environments, identifying and realizing new opportunities in management and coordination challenges in multinational firms.

Most of the Masters in Management in Australia are usually one to two year long and require a student visa that is easy to get as Australia is known for hosting lots of international students. It takes around 60 days for the Australian High Commission to issue visas. So it’s better to start as soon as possible.

With top MBA schools offering the MiM degree as well, a MiM in Australia can be a lucrative option.

Furthermore, Applications to Sydney Business School and Queensland business schools have ascended drastically in the previous three years.Which shows a keen interest of international students in Master in Management in Australia

Cost of living

The Department of Immigration and Border Protection has financial requirements you must meet in order to receive a student visa for Australia. From 1 July 2016, the 12-month living cost is $19,830.

Post study work in Australia

There are two important things to note about the type of degree required for a visa under the ‘post-study work’ stream.

First, students who have completed academic programs that result in only Diploma qualifications are NOT eligible for the post-study work visa. With just a Diploma you might, however, be eligible for a visa under the ‘Graduate Work’ stream.

Second, the subject area or field of study does NOT affect the students’ eligibility for a post-study work visa. You may complete a Bachelors, PhD in any field – as long as it is a recognized Masters, Bachelors, PhD or MBA it doesn’t make a difference.

You will still be eligible for the post study work visa provided your course meets all the other conditions

Work Permit in Australia

International students in Australia on a valid student visa can work up to 20 hours per week while school is in session, and there is no restriction on the number of hours an international student can work during school vacations.

The Australian Government has a unique program named skilled migration program that targets international students who are well trained, qualified and have an ability to work in Australian culture.

For this program, Candidates must pass a test and fulfill some fundamental requirement. These tests check your English-speaking capability or work experience significant to your assigned occupation, etc.

Masters of Management in Australia is a highly recommended destination with the great internship perspective that can help you to build up skills eventually that could help you to get a permanent job. 

Masters in Management in Australia: Universities at a glance

 1. Australian National University (ANU)

ANU’s College of Business and Economics is one of the top schools that offers two years Master of Management (MOM) program in Australia.

ANU is professionally accredited by the Institute of Chartered Accountants, CPA Australia, the Australian Computer Society, the Actuaries Institute Australia, the Institute of Public Accountants, the Association of International Accountants, Chartered Financial Analyst Institute.

The accreditations are the confirmation of its prestige.The MiM program in ANU’s business college doesn’t require a business foundation.

In this program, you will be permitted to develop your program by picking two specializations. ANU offers a broad range of scholarships to students to assist with the cost of your studies.

Click here for program info- View 

2. Melbourne Business School (MBS)

Melbourne Business School (MBS) is located in Victoria, Australia. It is the oldest and best business schools in Australia and they offer a strong MBA as well as MiM program.

MBS MiM is for students who have a degree outside of business/commerce area. The program is designed for students who desire to work at some managerial post in the future.

The best part of the program is not only the comprehensive classroom curriculum but also the emphasis on cutting-edge case studies. Moreover, the program is composed in a way that can help students to get the viable learning.

A slew of Elective courses is the another main reason to join this course since it gives you the ability to develop your course as you need it to be.

Click here for program info- View

3. University of Sydney

The University of Sydney is not only among the world’s top 10 most beautiful universities but also it has a good recognition among the business schools, in the MiM program.

 The course is outlined in a way to give you hands-on experience while working with MNCs such as Deloitte, PwC and Procter and Gamble. 

They also offer Accelerated Career Program in which you can work in a 6-month paid internship with their corporate partners, following your first semester of study.

Which is, for now, is available for only domestic students, also if you want to have pre-experience of Chinese business environment, then this program is for you. 

The program offers site visits which really helps students to understand the key points of entering new markets, managing across cultures and regulatory environments, identifying and realizing new opportunities and management and coordination challenges in multinational firms.

Click here for program info- View

4.Monash Business School, Monash University

Monash University is situated in Melbourne, Australia. Established in 1958, it is home to more than 16,000 students

Master of Management Monash curriculum and course structure has been designed in accordance to provide students the flexibility to tailor the course to your interests and career aspirations. You can study full or part time, and on or off campus.

Monash emphasizes on research relating to their field of study and consequently publish their works in prominent conference proceedings & journals if you see yourself going into management research this is the place to be

Click here for program info- View

5.Macquarie Graduate School of Management (MGSM)

Macquarie Graduate School of Management (MGSM) develops leaders with a global business mindset and a look at the employment statistics show that 90% of full-time students employed within three months.

MGSM is not only among the top business schools globally but also accredited by AACSB.

Its main campus is based in Sydney which is one of the best city in the Australia with high standard of living along with lots of business opportunity. Moreover, they have another international campus situated in Hong Kong

Click here for program info- View

6.Swinburne University of Technology

The Swinburne University of Technology is an Australian public university based in Melbourne, Victoria. Its main campus is located in Hawthorn, a suburb of Melbourne which is located 7.5 km from the Melbourne central business district

Its Master of Business Management is suitable for students who have no academic background in business or economics.

The course is 18 Months-long and is constructed in a way that Students can get hold of an understanding of global, national and local business and respond effectively during decision making.

During the course, students learn how to build up vibrant and tactical responses to the difficult internal and external challenges in organizations.Not to forget basic business concepts, analytical skills, available for problem-solving and research skills will be taught during the class.

To support students financially At Swinburne scholars available for both commencing and current students who are given to the students with excellence and achievement.

Click here for program info- View

7. Sydney Business School, University of Wollongong

The Master of Business (Management) is designed for those trying to get at management positions in the extensive area of management. Notwithstanding the specialization subjects, you’ll grab general business knowledge through the Master of Business subjects and case studies in the class

The program is focused on developing some soft skills in management by building up your expert, individual and specialized aptitudes in the major management.

Additionally, you will have the choice to do Master of Business (Double Specialization) that will give you an opportunity to choose your two specializations and finish the course within two years

SBS has two well-established campuses in Wollongong & Sydney also International Students can access to the Australian workforce either through an internship, industry-based project or part-time employment

Click here for program info- View

8. La Trobe University – La Trobe Business School

La Trobe University is a multi-campus public research university with its flagship campus situated in the Melbourne.

Masters of Management la Trobe is a 2-year course but if you have a degree in business or more than five years’ relevant experience you may be able to get an advanced standing (credit) for the first semester. This will reduce the length of the course to 1.5 years.

Additionally, it offers general management Masters of management program which is designed for freshers wanting to develop some skills so they can work in risk management, human resource management, project management and business development jobs.

 Click here for program info- View

9. University of the Sunshine Coast

The University of the Sunshine Coast is a public university located on the Sunshine Coast in Queensland; it was opened in 1996 

It’s a two years general management program has many electives course within the including Project Management and Health Sector Business Management which are a rare find in most MiM programs.

The Master’s program gives you a complete theoretical foundation in all areas of management, including finance, informatics, and marketing.

Click here for program info- View

In conclusion, it can be seen that Australia is a great destination to pursue a MiM course. 

But then the question arises?

So why are not many Australian schools are not on the List of FT MiM ranking 2016?

Since a large number of Masters in Management in Australia are young and have been begun just a couple of years ago, they are not eligible for inclusion in the FT rankings.

As FT exclude programs that are younger than Five years

Never the less the Salary, mobility and job placement statistics of recent graduates of Masters in Management in Australia Program demonstrates that the schools are doing great and are good study destinations.

Here is the Full list of top MiM Courses in Australia