Masters of International Business in Australia

Masters of International Business in Australia is a specialized program that teaches business management in a global context. Technically an extension of regular MBA subjects, IB focuses on applying the same principles about how a business should perform where its focus of the market is not just the immediate environment, but the entire world. Masters of International Business in Australia typically takes two years to complete, but several universities (eg: Macquarie University, QUT) offer accelerated programs for people with previous work experience.

The course modules include:

• Strategic management
• Corporate governance in a global context
• Cross-cultural impacts
• Marketing in an international space

A Masters of International Business in Australia is recommended for individuals with significant work experience (3-5 years). The program helps you elevate your credibility for the job you’re seeking.

The degree is much about networking, and one of the obstacles you might face as an Indian student is your English speaking skills or lack thereof. Companies often prioritize the fact that a person is a cultural fit over their technical skills.

With the tuition fee ranging from AUD 22,000 to 50,000 and an average annual salary range of AUD 60,000 - 80,000, Master in International Business in Australia promises a high ROI.

Masters of International Business in Australia: Top Universities

Masters of International Business in Australia is offered by several high-ranking universities in Australia, including Melbourne Business School, UNSW Business School, and The University of Sydney, among others. Check out the list of popular universities in Australia and their application deadlines below.

Why Study Masters of International Business in Australia?

A Master’s in International Business can help enhance your credibility for managerial positions on the international stage. Here are a few reasons to study Masters of International Business in Australia.

• Masters of International Business graduates in Australia earn an average annual salary of AUD 60,000 - 80,000, and are hired by major corporations like eBay, Ernst & Young, Hilti and Salesforce.
• Fast-track your career with the Master’s of International Business degree with a tuition fee range of AUD 22,000 - 50,000, which is comparatively more affordable than an MBA, which can cost anywhere between 55,000 and 100,000.

Australia has about 700,000 international students, out of which over 1,22,000 are Indians—so you’ll have like-minded people around while you gain international exposure.

Masters of International Business in Australia: Admissions

The main intakes for Masters of International Business in Australia are in February and July, with the majority of Indian students opting for February intake.

Eligibility Criteria

For admission to Masters of International Business in Australia, you need:

Master of International Business vs MBA

The Masters of International Business is an extension of subjects taught in an MBA. It contextualises business management on an international scale. Provided below is a comparative analysis of MBA and MIB:

• Admission is typically more competitive for an MBA program.
• If you have work experience, you can do an accelerated program for Masters of International Business in Australia, which will provide you degree value at reduced time and cost.
• Most MBA programs require at least three years of work experience, while for Masters of International Business programs, work experience is not mandatory.

MBA programs require you to choose a specialization, whereas Masters in International Business is a specialized program.

Cost of Studying Masters of International Business in Australia

The cost of studying Masters of International Business in Australia includes the tuition fee charged by your university and the cost of living in Australia.

Tuition Fees

Some popular universities and their tuition fees are provided below.

Cost of Living in Australia

The average living expenses in Australia range between AUD 1,400 and AUD 2,500 every month, which include food, accommodation, social activities, utilities, and so on. Here’s a breakdown of the cost of living in Australia as an Indian student:

Scholarships for Masters of International Business in Australia

Studying Masters of International Business in Australia isn’t exactly cheap, but some universities offer merit-based scholarships that can help a great deal. Some of these scholarships for Indian students include:

Masters of International Business in Australia Placement

Studying Masters of International Business in Australia will open up a range of opportunities for you at a global scale, including:

• consultant in government and non-government organizations (such as the World Bank, Austrade, United Nations)
• global management
• import and export management
• international business consulting
• International human resource management.

Some top recruiters of Masters of International Business in Australia graduates include Macquarie Group, QANTAS, BT Financial Group, DHL, eBay, Ernst & Young, Hilti and Salesforce.

Here are some important pointers that you should keep in mind as an Indian student:

• Jobs after Masters of International Business in Australia involve communicating with people in languages other than English. Learning other languages can be a great asset for you.
• On the topic of languages, if your English-speaking skills are subpar, it may prove to be a challenge for you to find jobs.
• Previous work experience helps a great deal in admission to Masters of International Business in Australia. Building a portfolio that boasts and accentuates your skills is a good alternative to it.
• You are not eligible to apply at a lot of companies in Australia without PR, which limits the scope of employment for Indian students.

With the Masters of International Business course in Australia, you can gain access to industry and acquire real-world experience on a global scale. While the cost of studying and living in Australia may be higher than in some other countries, the high-quality education, supportive academic environment, and diverse cultural experiences can make it a worthwhile investment.

Frequently Asked Questions