Amongst the choicest accounting programs to study in Australia, Masters of Professional Accounting is a meticulously designed course for students of all backgrounds to get the intricate knowledge of corporate and public accounting. It is one of the top accounting degrees to aim for higher-level jobs in this arena especially in Taxation, Banking and Insurance. If you have been planning to pursue your MPA degree in the Land of Kangaroos, here is a complete guide on pursuing a Masters of Professional Accounting in Australia.
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About MPA in Australia
The Association of Chartered Certified Accountants accredited program, Masters of Professional Accounting in Australia is a postgraduate program (typically of 2 years) that provides students with comprehensive training in accounting theory and practice. It is greatly suited for students who are interested in a career in Consulting, Public Accounting and Corporate Accounting. The program is tailored in such a way that even the students from a non-accounting background can develop accounting knowledge and skills to be a part of today’s fast-growing discipline of accounting.
Why Study MPA in Australia?
One of the key highlights of pursuing your Masters of Professional Accounting in Australia is that you can avail high-paying job opportunities at an international level. The demand for this particular job is around 84,000 and it is expected to grow in 5 years with more than 17,000 jobs springing up annually. The constant growth of 3-4% has been observed in the salary for this particular sector. The other reasons to study this course in Australia are:
- Great Career Opportunities
- Higher Pay Rate compared to other domains
- Adopting and updating technology with constant advancements
- Internationally recognized degree from top colleges in Australia
- Practical Subjects compared to other disciplines
MPA in Australia Syllabus
Pursuing an MPA in Australia greatly improves your chances to stay back in Australia as it is listed as one of the skilled occupations in the official list by the Australian government. Additionally, graduates demonstrate outstanding business communication skills after they are done with a couple of units in professional communication (Trimester 1+Trimester 3). The curriculum of Masters of Professional Accounting in Australia is also meticulously designed with smaller classes facilitating an effective learning environment in which students can interact with lecturers in seminars, lectures, tutorials, and workshops. The workload for full-time students is 12 hours consisting of student-directed learning of assignment work and private study, as well as teacher-directed learning in tutorials, lectures, laboratory sessions, and workshops.
Apart from core subject disciplines of professional accounting like financial management, accounting and auditing, students are also introduced to related disciplines that includes information systems, business law, taxation, economics and quantitative studies.
Top Universities Offering Masters of Professional Accounting in Australia
Here are the top MPA universities in Australia:
|Universities||Intakes||Duration of the Program||Tuition Fees per Year|
|Charles Sturt University – Sydney, Melbourne, Brisbane||February, July, November||2 years full-time||AU$21,420 per year|
|University of New South Wales – Sydney||Feb and July||1.5 years||AUD$ 36,960|
|University of Sydney – Sydney||2 years||March and July||AUD$ 36,000|
|Australian National University – Canberra||Feb and July||1.5 years||AUD$ 34,800|
|University of Queensland – Brisbane||Feb and July||1.5 years||AUD$ 33,280|
|University of Western Australia – Perth||Feb and July||2 years||AUD$ 36,000|
The Australian government also offers various grants and scholarships for meritorious students, which can be confirmed through the international student’s office present in various universities. Students who successfully complete the Masters of Professional Accounting can also apply for associate membership roles in the Institute of Chartered Accountants, CPA and the Institute of Public Accountants in Australia.
- To pursue an MPA in Australia, students should have completed a three-year Bachelor degree in a related subject.
- An overall IELTS score of 6.5 with a minimum 6 in each individual band or a TOEFL test score of 79 or more is necessary to gain admission in a reputed university.
- The students who have a Bachelor’s degree in a different subject are required to fulfil additional criteria.
- SOP and LORs
Also, working professionals are considered for admission on a case-basis under which factors like prior study and employment are considered. For the ones having a graduate diploma in accounting, admission can be directed to the 2nd year of the program.
Scope of MPA in Australia
The MPA creates a vast pool of opportunities for students to build themselves a top-notch career by working in senior management roles. Students qualify to work in roles including:
- Public Accounting
- Management Consulting
- Management Accounting
- Business Administration
- Financial Management
- Financial Accounting
Thus, we hope that this blog familiarized you with all the key details regarding the Masters in Professional Accounting in Australia. Want to pursue your Accounting degree in Australia? Reach out to our Leverage Edu counsellors and we will help you find the best course and university as well as further guide you throughout the admission process as well! Sign up for a free session with us today!