Masters in Business Analytics in Australia

Masters in Business Analytics is one of the most sought-after courses. Thus, it is a fast-growing program that enables the students with skills that employers in the industry look after. Masters in Business Analytics in Australia does this by combining, modeling and consulting skills that are needed to manage, understand, and communicate useful insights from big data. Students graduating after Masters in Business Analytics in Australia are highly employable and are equipped to help governments and organizations make informed strategic policies or business decisions too. 

Course Name	Masters in Business Analytics
Eligibility	Bachelors in relevant fields; English Proficiency Tests
Duration	1-2 years: Full-time | 2-4 years: Part-time
Career Areas	Business Analysis, Artificial Intelligence, Commercial Data, Data Science, etc.
Average Fees	AUD 35,000 (INR 19.22 Lakhs) – AUD 72,000 (INR 39.55 Lakhs)
Average Salary	AUD 99,900 /month (INR 54.88 Lakhs)

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Best Universities for Masters in Business Analytics in Australia

University	Program	Rank	Duration in Year
Monash University	Master of Data Science	53	2
University of Melbourne	Master of Business Analytics	56	1
University of Sydney	Master of Data Science	73	1
RMIT University	Master of Analytics	79	2
Queensland University of Technology (QUT)	Master of Information Technology (Data Science)	103	2
University of Technology Sydney (UTS)	Master of Data Science	109	2
University of South Australia	Master of Data Science	182	2

Pros of Pursuing Masters in Business Analytics in Australia

More and more Tech companies have started hiring Data Analysts, MBAs, and Business Analysts. This has been one of the reasons that the students are opting for a master’s in Business Analytics in Australia. A few more reasons why Indian aspirants should think about going after a master’s in Business Analytics in Australia are as follows:

• Placement Opportunities: Many universities offer their students placements as well as internship opportunities on the campus itself. This is helpful for the students because such a provision is not available in other countries.
• Flexible Duration: This course in Australia is offered for 1 year as well as for 2 years. Apart from this, there are online options as well. Thus, this gives the students flexibility to choose according to their convenience. 
• High in Demand: Business Analysts are recruited in numbers across industries, in both public and private sectors in Australia. Thus, this course is one good option that students can opt for rather than going for a typical MBA.
• Growth Options: The course has a lot of growth options as it is dynamic in nature. The course offers a wide variety of specializations to choose from. The growth of an aspirant in this field is directly proportional to upskilling. They can then apply to a better company for higher pay.
• Better Pay: Australia, in terms of remuneration, offers Business Analysts comparatively better pay with at least a 20-30% pay hike on a quarterly basis. 

Application Requirements

Following is the application procedure that you will have to follow in order to apply for the Business Analytics course in Australia.

English Proficiency Scores

The students who have completed their previous education in a country where English is not the mother tongue must provide the university with English Language Proficiency requirements. 

IELTS	A minimum overall score of 6.5, with no less than 6.0 in each section
TOEFL	A minimum overall score of 92, with no less than 22 in each section

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General Requirements

Those without a first degree but with substantial work experience may be considered.

• A minimum grade of 65% or above in 10+2 is required
• A 2:1 honours degree with evidence of strong quantitative ability is required
• The university also considers students with equivalent industrial work experience
• Minimum English Language Entry Requirement is mandatory for International Students whose mother tongue is not English
• Degrees in economics, engineering, physics, mathematics, business and management are particularly welcomed

Documents Required

The following are examples of supporting documents:

• Application Requirements for Academic Documents (transcripts, degree certificates, mark sheets)
• English Language Proficiency scores such as IELTS, Pearson, TOEFL, etc. (if applicable)
• Additional requirements might include:
  • CV, statement of intent, writing samples
  • GRE, GMAT, and other test scores
  • Statement of Purpose
  • Letter of Recommendation
  • Resume or Curriculum Vitae 
  • References:
    • Will require the name of referees, title and email addresses.
    • An email with a secure link will only be sent to your referees after you submit and pay for your application.

How to Apply?

Let us now look at the application process that an aspirant will have to follow in order to apply for the course they want to study.

Step 1: Choose Your Graduate Program

Visit the official website of the university to find out more about a program, go to the Programs page and finalize your program.

Step 2: Review Admissions Requirements and Contact the Department

All applicants must meet the Faculty’s normal admissions requirements. Review the program’s exact requirements on the department’s website and contact the department if you have any questions. Because program requirements and deadlines differ, this step is crucial. If you’re applying for a thesis-based program, keep in mind that some schools need you to find a possible supervisor before you submit your application.

Step 3: Prepare and Apply Online

Make sure you give yourself at least an hour to finish the online application. For the application, it is recommended that you use the most recent version of Google Chrome, Mozilla Firefox, or Safari. Digital copies of official documents are required for the application. The materials will be used for the initial examination of the application and are deemed “unofficial.”

Careers after Business Analytics Course

Business analytics is a new and rapidly growing industry. Moreover, individuals with analytics skills, while in demand, are in short supply. Students graduating from this programme can expect to work as 

• Business Analysts
• Marketing Researchers
• Policy Analysts
• Management Consultants
• Data Scientists 
• Operations Researchers

Scholarships Awarded by the Australian Government

Let us now look at some of the scholarships that the Australian government provides for students in Australian universities. 

Australian Award Scholarship

Eligibility: Aimed for Young Leaders with exceptional Talent

• The student must have completed 18 years of age 
• They must have an intention of adding to the development of their home country
• The scholarship is preferably for diversity (minority groups, women applicants, people belonging to rural/ economically weaker sections of society, etc.)

Grant: 100% tuition fees, establishment allowance, return air travel, Overseas Student Health Cover (OSHC), the contribution of living expenses, etc.

Deadline: Applications for 2023 should start on April 2023 and end by June 30, 2023

Australian Government Research and Training Program (AGRTP)

Eligibility: The awardee must be enrolled in a research or doctoral degree

Expenses Covered: AUD 28,587 (INR 15.70 Lakhs) which covers tuition fees for postgraduates.

Important Dates: Round 1: 31 Aug 2022; Round 2: 15 April 2023

Endeavour Postgraduate Scholarship Award

Eligibility: The aspirant must have completed 18 years of age 

• The course should not start before January 1 or after November 30 of the year that the aspirant is applying for the scholarship 
• The student must not have received any grant from the Australian Government in recent years

Grant: Full tuition fee, establishment allowance, travel allowance, a monthly stipend, health and travel insurance

Important Dates: The applications for 2019 are closed. For further dates, the students are requested to visit the official site. 

International Postgraduate Research Scholarships (IPRS)

Eligibility: The student should qualify as an International Student

• They must fulfil the Student Visa Criteria
• They must have not received any grant from the Australian Government 2 years prior to the commencement of the course

Grant: Full Tuition Fees and Health Cover Costs (These costs are covered for the applicant as well as anyone who is dependent on the awardee)

Important Dates: Applications for 2023 will open in July. However, the application dates vary from university to university. Hence, the students are requested to check them individually.

FAQs

You should definitely think about pursuing a Master’s in Business Analytics in Australia if you wish to have a bright future ahead. This article provides you with a complete procedure and details on how to apply to the university. However, choosing the right course and university that runs parallel to your interests is very important. For this, I’m sure you’ll be pleased to take the assistance of an AI-based tool at Leverage Edu that gives you personalized suggestions based on your skills, qualifications and interests.