MS in Accounting in Australia

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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.

Degrees and Courses 

International students have a choice of courses in Accounting, offered by prominent Australian universities and institutions

These, among others are:

  • Diploma in Accounting
  • Bachelor of Business (Accounting)
  • Graduate Certificate in Professional Accounting
  • Master of Professional Accounting (Advanced)

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:


1 37
University of        Melbourne
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.


Eligibility for doing MS in Accounting in 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
3 Australian National University IELTS: 6.5;
TOEFL (iBT): 85;
TOEFL (PBT): 565;
PTE: 61
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
6 Griffith University IELTS: 6.5;
TOEFL (iBT): 79;
TOEFL (PBT): 575;
PTE: 58
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:

  • Transcripts and other academic records of previous education
  • Proof of English language proficiency by submitting IELTS, TOEFL or PTE test scores
  • Letter of reference.
  • Statement of purpose stating why the candidate is suitable for the course.
  • Updated CV



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:


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
M.A Professional Accounting



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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Additional Costs

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 

  • Australian Student Visa fees
  • Application Fees
  • IELTS application fees
  • TOEFL application fees
  • Airfare
  • (OSHC) Health insurance

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.


Scholarships for an Australian Master’s in Accounting


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:

  • Australian Awards: This is an Australian government-funded scholarship that pays for all of the students’ costs, including lodging, transportation, tuition, and other expenditures. For this grant, students must be at least 18 years old.
  • Destination Australia Scholarship: The Destination Australia Scholarship is available to both native and foreign students. Every year, more than 1000 students receive grants totalling up to 15,000 AUD.


Scholarships offered by Australian universities to international students:


  • UNSW International Scholarship is offered to international students who have secured admission in postgraduate courses in UNSW Sydney. The amount of scholarship is 5000 AUD per annum.
  • A need-based scholarship up to the value of 15,000 AUD is offered via the Commonwealth Indigenous Support Scholarship in the Monash university. It is accessible to foreign students at the institution who are enrolled in undergraduate or graduate programmes.
  • Students with extraordinary academic records who are pursuing an undergraduate or graduate degree are eligible for the Griffith Remarkable Scholarship. The scholarship offers a 50% annual fee discount.
  • The Global Study Award offered by the Griffith University hopes to attract international students who are interested in learning more about Australian culture and values. The official website provides information on the various scholarship amounts.
  • Both domestic and foreign students who have recently enrolled in the College are eligible for the Alfred and Olivia Wynne Memorial Scholarship, which is provided by the University of Queensland. Scholarships are awarded based on merit and financial need, with an annual value of about 3000 AUD.
  • Students who are struggling financially can apply for a scholarship from the Neil Brice Memorial Fund, offered by the University of Queensland, which has a funding pool of about 1000 AUD. The application process for this programme is open to both domestic and international students.
  • Students who play on a national or international level sports team are eligible for the UQ Sports Scholarship Ambassador Program. This scholarship program is provided too by the University of Queensland. Depending on the athlete’s needs, the scholarship amount fluctuates.


Thus, there are various scholarship programs available for studying MS in Accounting in Australia. The student can opt for any, suitable for his category.


Scope and Job Prospects for students pursuing MS in Accounting in Australia


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.