Scope of Business Analytics in Australia

Admit Abroad - Scope of Business Analytics in Australia

Table of contents:

 

Interest in business analytics specialists has risen dramatically in recent years, as has industry demand. Many organizations rely on the knowledge of business analysts to support decision-making and strategic direction since the quality, quantity, and diversity of data available has never been greater. As a result, job prospects in this field have increased dramatically.

Australia’s degree programs are among the best in the world, in addition to being a wonderful place to live. The Australian academic environment encourages creativity, innovation, and independent thinking. Australia is committed to giving overseas students a great experience. Institutions that accept overseas students must follow a set of tight guidelines in terms of marketing, course delivery, facilities, and student services including legal and health care.

Who should take this course and why?

This course is for those who want to learn how to do the following:

  • Senior management or professionals that want to improve their skills in a rising field so they may make better business judgments.
  • Graduates of the Master of Business Administration (MBA) program who want to learn more about business analytics.
  • Recent Business or Commerce graduates with a management or accounting specialization who want to expand their knowledge of information and logistics management.
  • Recent engineering or science graduates with a computer science or data science specialization who desire to apply their skills in a business or management role.

 

Why choose Australia as a location to study Business Analytics?

  1. A well-organized course schedule

Modules in Business Analytics courses assist students understand how to apply data-analytic tools to various business scenarios. The course will simply assist you in developing your knowledge of foundational and advanced analytics techniques by assisting you in looking at various analytical challenges from a business viewpoint.

  1. Industry engagement and modern infrastructure

You can discover how to use what you’ve learned in an Analytics Lab, as well as how to apply the concepts you’ve learned in specific situations like finance, supply chain, and marketing. Personal Effectiveness Programs are also offered by some institutions to assist you gain confidence and give you a platform to share crucial thoughts with senior leaders and create connections.

  1. Increase your exposure to the industry

A Business Analytics course in most Australian colleges includes an industrial project, which helps to improve your cognitive skills. These initiatives are based on using and interpreting data analytics in a real-world corporate setting. This also aids in networking with a variety of significant industry figures and forging relevant relationships for the future.

  1. Opportunities for employment

Almost every Australian university provides a variety of learning experiences, such as internships, placements, study tours, and immersion programs, to help students apply what they’ve learned in the classroom to real-world situations. Students may also have the opportunity to collaborate with prominent global firms and secure assignments in Australia or around the world.

Top Universities in Australia for Business Analytics

Sr.No University QS Ranking THE Ranking Tuition Fees (in AUD)
1 Australia National University 31 59 30,000-35,000
2 The University of Sydney 40 52 35,000-40,000
3 The University of Melbourne 41 31 30,000-35,000
4 The University of New South Wales 44 44 35,000 -40,000
5 The University of Queensland 46 62 30,000 -35,000
6 Monash University 55 65 30,000-35,000
7 The University of Western Australia 92 139 30,000-35,000
8 University of Adelaide 106 118 30,000-35,000
9 University Of Technology Sydney 134 162 25,000-30,000
10 University of Wollongong Australia 196 250 20,000-25,000

 

Fees and Scholarships for Undergraduate Programs in Australia’s Business Schools

The cost of a bachelor’s degree in business ranges from 30,000 to 42,000 Australian dollars each year. International students can apply for government and university-specific scholarships. These grant amounts are intended to cut the cost of tuition and lodging in half!

 

Eligibility

To study in Australia, a student applying for bachelor’s degree programs must have passed the following exams:

  • In the boards, English and math are required subjects.
  • In the board finals, a score of 75% or above is required.
  • IELTS (6.5), TOEFL IBT (79), TOEFL PBT (570), Pearson’s (58), BE (4+), and CES qualifying or above (176).
  • Obtain a passing score on the university-specific entrance exam.
  • Holders of a diploma or certificate will be given an edge. Furthermore, eligibility requirements differ based on which universities students choose.

Admissions documents required:

  • The board’s mark sheet and certificate
  • LOR – Letter of Recommendations 
  • In order to study in Australia, you must submit a SOP – Statement of Purpose

 

Postgraduate Program Eligibility Criteria

A student must be able to

  • Have a bachelor’s degree in the relevant field with a grade point average of 75% or higher.
  • Complete the university’s entrance exam requirements.
  • Mathematics or statistics as a major
  • Work experience in a position where you had financial responsibility (university-specific)
  • Qualifying score on an English language competence test, similar to bachelor’s degree candidates.

 

Documents Required:

  • A student must have certain documents with him or her while applying for admission.
  • All bachelor’s, diploma, and certificate course academic documents
  • Recommendation letters
  • In Australia, there is an MS SOP – Statement of Purpose.
  • CV
  • Proof of work experience, including project documentation, is required (if applicable)

Required Documents for a Visa Interview

International students must apply for a student visa in order to study in Australia. The following is a list of documents needed for an Australian student visa interview for international students wishing to pursue a master’s degree in Business Analytics.

  • Confirmation of Enrolment – The applicant must produce the confirmation letter regarding the chosen program of study that was sent to the selected student.
  • Valid Passport
  • The applicant must pay an application cost of AUD 620 to submit the visa application.
  • Documents from your studies or professional experience (if required)
  • A minimum of a one-semester tuition charge and round-trip airline tickets to and from Australia are required as proof of funding
  • Health insurance policy- The international students’ health insurance coverage costs roughly AUD 438 per year.
  • Statement of Purpose- This document explains why students desire to pursue a specific course of study and what their plans are for the future.
  • Photographs in passport size

 

Opportunities for employment:

In recent years, business analytics has evolved as a powerful and helpful skill for organizations operating in competitive markets. Over the next five years, job possibilities for business analytics graduates are expected to expand by more than 20%. With a bachelor’s degree in business analytics, you could work as a:

  • Manager of operations and general management
  • Analyst (business)
  • Manager of Finance
  • Analyst, Financial
  • Analyst in management
  • Analyst for market research
  • Specialist in marketing

 

Following graduation, you may be eligible for other positions such as:

  • Analyst of Data
  • Analyst for Information Security
  • Specialist in Big Data
  • Specialist in Process Automation
  • Expert in Machine Learning
  • Specialist in Organizational Development

Scope after studying in Australia:

Candidates seeking satisfying employment in the twenty-first-century business sector can benefit from any business degree. Business planning and business analytics seem to have had the highest increase of all the fields, with an increase of roughly 11% last year, which is higher than most others.

A business professional in Australia earns between 69,800 and 163,000 Australian dollars per year, depending on their qualifications and experience. In Australia, a candidate with a bachelor’s degree is offered a 24 percent higher income than a certificate holder. In the same field, a master’s degree earns 29 percent more than a bachelor’s degree, and a doctorate earns 23 percent more.

 

Conclusion: 

Australia’s analytics business is exploding, and graduates of the Master of Business Analytics program are in high demand. Choosing the correct Australian university, on the other hand, is a difficult task. Rankings, visa regulations, industrial ties, expenses, and other aspects must all be considered.

Because the increased demand for qualified labor has resulted in several industry tie-ups with universities, Australia is one of the finest study destinations for business analytics.

Our hope is that this article gave you an overview of the scope of Business Analytics  to 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.