Study Business in Australia: Benefits, Tuition Fees, and Requirements
- Humayra Arshi
- 8 min Read
Studying business in Australia offers numerous benefits, including quality education and career opportunities. Prospective students should research tuition fees and understand the specific requirements for admission and visa applications. It’s crucial to plan finances and gather all necessary documents to ensure a smooth application process.
Australia is particularly renowned for its world-class business schools, which offer international students many lucrative opportunities like industry experiences, job placements, and Permanent Residency (PR). If you are an international student prepared to embark on this journey, there are a few essential things you should know before considering studying in Australia.
As a business graduate, you can expect a higher salary, job security, and networking and career opportunities due to the country’s robust economy. Moreover, it is also possible for business students to gain practical experiences through internships and flexible work-study opportunities in Australia while pursuing their degrees.
In this article, we will dive into the many benefits of studying business in Australia while providing detailed information on everything related, from tuition fees to admission requirements. So, whether you are a prospective student or simply curious about the topic, keep reading to learn everything you need to know about it!
General Requirements for Studying Business in Australia for International Students
Admission Requirements
Different universities have different entrance requirements. However, the minimum requirements for studying in Australia, for the same business program across different universities, remain more or less the same.
| Programs | Entrance Requirements |
Bachelor’s Degree (Bachelor of Commerce, Bachelor of Business Administration or BBA, Bachelor of Business Management) |
|
Master’s Degree (Master of Commerce, Master of Business Administration or MBA, Master of Professional Accounting or MPA) |
|
It is to be noted that admission requirements may vary depending on the university and the types of business programs they offer. Thus it is best to check with the specific university for their exact requirements for a specific business program.
Visa Requirements
No additional documentation or processes are required for studying business in Australia except for the general visa checklist and processes involved e.g. application submission, interview questioning
, biometrics, etc. The visa checklist for international students to obtain a student visa successfully is listed below:
Valid passport for the duration of your study in Australia
Offer letter from the selected university/institution
PTE, IELTS, or other acceptable English proficiency tests
Evidence of access to sufficient funds
Evidence of Overseas Student Health Cover
All other relevant documents are listed on the Department of Home Affairs visa checklist
Factors to Consider While Choosing a Business School in Australia
Below listed are some of the factors to consider while selecting a university in Australia for studying business:
University Rankings
Australia is home to some of the world’s top business schools. However, it is important to consider a university’s ranking for its business programs as it indicates career and employment opportunities for its graduates.
Most universities in Australia are providing business courses such as accounting, finance, economics, management, and marketing. Moreover, business schools are known for their strong focus on innovation, entrepreneurship, and creating tomorrow’s leaders.
Business schools are ranked differently, primarily based on criteria like quality and reputation, employment and salary prospects, career impact, etc. Some of the higher-ranked universities in Australia for international students, based on their business programs, have been listed below:
| University | 2022 AFR Best Business Schools | Score |
|---|---|---|
Deakin University | 5 | 75 |
Macquarie University | 6 | 72 |
University of South Australia | 7 | 72 |
University of Canberra | 9 | 71 |
Curtin University | 10 | 70 |
Griffith University | 11 | 69 |
University of Queensland | 13 | 69 |
Tuitions and Fees
To help you make an informed decision, we have provided the tuition of some of the top business schools in Australia for their Bachelor of Business program. With this comparison, you will have an idea of the fees involved in pursuing the same business degree across different universities and can plan accordingly!
| University | Tuitions and Fees (per annum) |
|---|---|
University of Canberra | 20,544 AUD |
Deakin University | 24,840 AUD |
Macquarie University | 26,596 AUD |
University of South Australia | 32,600 AUD |
University of Queensland | 44,288 AUD |
Scholarships
Australian universities mostly offer financial assistance to their students in the form of scholarships. However, compared to the USA, UK, and Canada, scholarships for international students in Australia are pretty limited. Some of the more popular scholarships offered for business degree programs in Australia for international students have been listed below:
RMIT Research Stipend Scholarship
Monash International Merit Scholarship
Australian Government Research Training Program
MGSM Scholarship
Endeavor PG Scholarship Awards
Benefits of Studying Business in Australia for International Students
There are several reasons why you should study in Australia, particularly in the field of business studies. Some of the advantages have been mentioned below:
Part-time Job Opportunities
Most international students choose to work part-time while studying to meet their financial needs. Australia provides more work-study flexibility than most other countries, with universities offering both on-campus and off-campus placements.
While students are allowed to work for a limited number of hours varying across provinces, the Australian government is constantly working to increase this limit. For example, the Australian government recently announced that international students studying in Australia will be able to work for more than the previously set limit of forty hours fortnightly. This will not only allow the students to plan better and manage their finances but also help them to gain valuable work experience during their education.
Permanent Residency (PR)
Master of Business Administration or MBA, Master of Professional Accounting or MPA, and Master of Commerce are some of the top Master’s Degree courses for international students that are eligible for Permanent Residency or PR in Australia. The list also includes a Bachelor of Commerce program.
These programs or courses basically open the pathway for jobs that are on the Short Term Skill Occupation List (STSOL) and the Medium & Long Term Strategic Skills List (MLTSSL). Thus, after securing employment in top Australian companies, international students can easily apply for Permanent Residency and also receive it without any additional hassle.
Research Opportunities and Internships
International Student Assistance
Australian business schools have a very strong connection with their industries. This provides their students ample opportunities to gain valuable industry experiences through internships and other connections, even while studying in college.
Besides, excellent research opportunities are also available for the students along with access to advanced technology and expert faculty members. Thus, they actually gain a developed understanding of business management while working with some of the most experienced researchers in the field.
Australian universities offer international students immense support and assistance to adjust to their new environment. This support may come in the form of advice regarding the course flow of the related business degree or help with the usual immigration and visa concerns. With the international student office present in almost all Australian universities, students can easily access these resources and services.
Summary
In this article, we have provided the pathway for pursuing a degree in Australia in the field of business studies, along with all the necessary information required for it. If you are looking to study in Australia and need proper guidance, PFEC Global is here to cater to your needs.
At PFEC Global we offer personalized and dedicated support to students throughout their journey including student visa services for Australia. So let our experienced consultant solve all your queries and ensure that nothing comes between you and your dreams!
Please reach out to us at 01730785457 or 096 09 800 300 for more details.
Frequently Asked Questions (FAQs)
How much does a business degree cost in Australia?
Answer: The tuition Fee for a Bachelor of Business program ranges from 135,000 AUD to 150,000 AUD.
What is the number 1 business school in Australia?
Answer: According to the 2022 AFR Best Business Schools, Deakin University is ranked as one of the best in Australia with an overall score of 75.
Is Australia a good place to study business?
Answer: Australia is an excellent choice for studying business as it has some of the world’s top business schools. Besides, its strong economy offers huge employment opportunities for its business graduates.
Which business courses lead to PR in Australia?
Answer: Business courses eligible for PR in Australia are Bachelor of Commerce, MBA, MPA or Master of Professional Accounting, and Master of Commerce.
What jobs can you get with a business degree in Australia?
Answer: Business management offers a wide range of job opportunities including business analyst, operations manager, accountant, business development manager, management consultant, entrepreneur, human resources manager, and project manager.
Does Australia give scholarships to international students?
Answer: The Australian scholarship board provides financial support to eligible students from foreign countries in the form of grants, funding, or scholarships. This support is available for students at all levels of study, including Bachelor’s, Master’s, and Ph.D. programs.
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