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MS in Accounting in Australia: Universities, Eligibility, Fees and Scope
Table of contents:
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Australia has some of the world’s best universities for pursuing MS in Accounting and making a bright career in Accountancy.
To assure a top-notch education and lucrative career, it is crucial for the applicant to select from among Australia’s top accounting colleges.
International students have a choice of courses in Accounting, offered by prominent Australian universities and institutions.
These, among others are:
The Course Lengths range from 1-3 years, full time.
There are 6 universities in Australia offering masters in accounting, that are included in the top 100 list of The Global Rankings 2022.
They are:
Except for UNSW, the duration of pursuing masters in accounting is 2 years. At UNSW, it takes 1.7 years to complete the degree.
Besides the above universities, there are other famous universities too offering various Accounting courses.
A table of the various popular universities of Australia, the accounting courses they offer and their time duration, is as follows:
| S.N | RANKING | UNIVERSITY | COURSE OFFERED | DURATION | |
| 1 | 37 |
|
Masters of Management Accounting | 2 Yrs. | |
| 2 | 47 | University of Queensland | Masters of Commerce | 2 Yrs. | |
| 3 | 27 | Australian National University | Masters of Accounting | 2 Yrs. | |
| 4 | 43 | University of New South Wales (UNSW) | Masters of Commerce | 1.7 Yrs. | |
| 5 | 213 | Queensland University of Technology (QUT) | Masters of Business- Accounting | 2 Yrs. | |
| 6 | 290 | Griffith University | M.A Professional Accounting | 2 Yrs. | |
| 7 | 58 | Monash University | Masters of Accounting | 2 Yrs. | |
| 8 | 200 | Macquarie University | Masters of Accounting | 2 Yrs | |
| 9 | 108 | University of Adelaide | Masters of Accounting | 2 Yrs. |
In addition to the above-mentioned universities, universities offering Masters of Professional Accounting in Australia are University of Sydney, University of Technology Sydney, University of South Australia, University of Newcastle and University of Western Australia.
International students are required to have a Bachelor’s Degree in accounting, commerce or related discipline and proof of English proficiency to apply for Masters of Accounting in Australia.
Some universities’ minimum qualifying criteria, as well as the English proficiency test results required for admission, are listed in the table below:
| S.N | UNIVERSITY | Prerequisites for English Proficiency | Bachelor’s degree minimum % |
| 1 | The University of Melbourne | IELTS: 6.5; TOEFL (PBT): 577; TOEFL (iBT): 79; PTE: 58-64 |
No minimum score required |
| 2 | University of Queensland | IELTS: 6.5; TOEFL (iBT): 87; TOEFL (PBT): 570; PTE: 64 |
55% |
| 3 | Australian National University | IELTS: 6.5; TOEFL (iBT): 85; TOEFL (PBT): 565; PTE: 61 |
60% |
| 4 | University Of New South Wales | IELTS: 7.0; TOEFL (iBT): 94 |
No minimum score required |
| 5 | University of Technology Sydney | IELTS: 6.5; TOEFL (iBT): 79; PTE: 58 |
50% |
| 6 | Griffith University | IELTS: 6.5; TOEFL (iBT): 79; TOEFL (PBT): 575; PTE: 58 |
50% |
| 7 | Monash University | IELTS: 6.5; TOEFL (iBT):79; PTE: 58 |
No minimum score required |
| 8 | Macquarie University | IELTS (academic): 6.5 | No minimum score required |
| 9 | University of Adelaide | IELTS: 6.5; TOEFL (iBT):79; PTE: 58 |
No minimum score required |
Although there isn’t a set minimum prerequisite for master’s in accounting programmes at many universities, it is advised that international students have a strong undergraduate record. It is strongly advised for students who want to apply for scholarships in Australia to demonstrate exceptional academic excellence, which is determined by the grade received in prior degrees.
The majority of Australian institutions typically offer admissions in February, July, or November.
Following documents are needed while applying for masters of accounting in Australia:
Australian universities that offer master’s degrees in accounting charge programme fees ranging from 63,000 to 96,000 AUD.
The names of some of the popular universities of Australia offering MS in Accounting and the Annual Tuition Fees charged by them can be known from the table given below:
| S.N | NAME OF UNIVERSITY | COURSE | FEES IN INR | FEES IN AUD | |
| 1 | University of Melbourne | Masters of Management – Accounting | 25.27 lakhs | 48,000 | |
| 2 | University of Queensland | Masters of Commerce | 24.75 lakhs | 47,025 | |
| 3 | Australian National University | Masters of Accounting | 25.31 lakhs | 48,089 | |
| 4 | University of New South Wales (UNSW) | Masters of Commerce | 27.34 lakhs | 51,946 | |
| 5 | Queensland University of Technology (QUT) | Masters of Business- Accounting | 23.82 lakhs | 45,258 | |
| 6 | Griffith University |
|
16.31 lakhs | 30,989 | |
| 7 | Monash University | Masters of Accounting | 17.81 lakhs | 33,839 | |
| 8 | Macquarie University | Masters of Accounting | 18.18 lakhs | 34,542 | |
| 9 | University of Adelaide | Masters of Accounting | 27.13 lakhs | 51,547 |
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In addition to the annual tuition fees charged by the individual university, there are some other costs that have to be incurred by the international student for studying MS in Accounting in Australia.
These include the pre-arrival costs, and other expenses such as accommodation cost, transportation, books, and food, etc.
The Pre-arrival costs consist of the expenses incurred in
The Average cost of living in Australia as an international student is estimated to be around 1,400 AUD to 2,500 AUD per month.
Australia is one of the costliest nations, but it is still a top choice for students looking for a place to study. This is attributable to the high calibre of instruction and the numerous scholarship programmes that the government and universities offer to aid students. Both domestic and foreign students may be eligible for these scholarships based on merit or need.
Australian government-funded scholarships for foreign students:
Scholarships offered by Australian universities to international students:
Thus, there are various scholarship programs available for studying MS in Accounting in Australia. The student can opt for any, suitable for his category.
You can register in Australia as a professional accountant or chartered accountant after earning your master’s in accounting. Accountants perform crucial financial estimations for businesses in a wide range of industries.
After the completion of the course, one becomes eligible for handling the financial department of any business.
An accountant in Australia may expect to make a salary of about 58,000 AUD per year after earning a master’s degree in accounting.
For more information read our another blog based on the scope of accounting in Australia
In a nutshell, in the modern era, no industry can function without a financial manager or accountant, hence the scope of accounting is continually expanding.
Majority of small businesses rely only on their accountants to ensure that their companies grow as quickly as possible.
In the long run, masters of accounting are more desirable and advantageous due to the attractive increase in accountant jobs.
Do it in Australia!!
Our hope is that this article gave you an overview of MS in Accounting in Australia for those who wish to study in Australia. If you do have any further queries or questions, do reach out to our experts and get your study abroad journey started today.
