- News and articles
- Events
- Find usIDP AustraliaIDP BahrainIDP BangladeshIDP CambodiaIDP CanadaIDP ChinaIDP EgyptIDP GhanaIDP Hong KongIDP IndonesiaIDP IranIDP JordanIDP KenyaIDP KoreaIDP KuwaitIDP LebanonIDP MalaysiaIDP MauritiusIDP Middle EastIDP NepalIDP New ZealandIDP NigeriaIDP OmanIDP PakistanIDP PhilippinesIDP Saudi ArabiaIDP SingaporeIDP Sri LankaIDP TaiwanIDP ThailandIDP TurkeyIDP UAEIDP VietnamIDP Corporate
- English
Master's in Accounting in Australia: Top Universities, Course Fees, Eligibility, and Job Prospects
Unlocking the true potential of finance beyond just numbers with a top Master’s degree in Accounting from Australia!
A detailed study of Accounting teaches students the real-time application of finances in actual business environments. This gives the students hands-on experience in understanding all financial aspects of every business transaction and making informed decisions for overall growth. MS in Accounting is widely preferred at Australian universities , equipped with top-notch infrastructure and research facilities for course students.
An MS degree in Accounting enables you to take the next step on your career ladder, refining your abilities to meet the challenging work environment and assume senior roles in the industry. The course also allows students to opt for various specialisations as part of the course curriculum. They can major in any of the multiple specialisations and chart out a rewarding career for themselves.
The food industry in the UK is renowned for developing food products that boast of high quality, safety standards, and nutritional value. Several UK universities, therefore, offer Master's courses in Food Science intending to uphold those standards in the world market.
Why Study Master’s in Accounting in Australia?
Studying Master's in Accounting in Australia provides students with a rewarding educational journey, excellent job opportunities, and a globally recognized qualification for a successful career in accounting and finance. If you still need more convincing, here are the following reasons why you should opt to study MS courses in Accounting in Australia-
Rewarding careers in the field of Accounting with attractive pay scales from fresher to experienced level
The demand for skilled accountants is strong in Australia, driven by the country's growing economy and expanding business sectors. According to the Australian Government's Job Outlook, employment for Accountants is expected to grow at a rate of 8.3% over the next five years. (source- https://www.joboutlook.gov.au/occupations/accountants)
Accountants in Australia earn competitive salaries, with an average annual income of AUD 85,000 to AUD 95,000. (source- https://www.hays.com.au/salary-guide)
Many Australian universities offer internationally accredited professional degrees in MS Accounting that assist students in finding career opportunities outside of Australia.
Master's programs offer practical and industry-focused coursework, preparing students for real-world challenges.
Accounting Courses in Australia for International Students
With the steady demand for professional accountants in nearly every business field, Australia invites students from all over the world to apply for accounting courses at its top-quality universities and colleges. The Master’s in Accounting course in Australia is an advanced-level postgraduate program designed for students eager to assume leadership and managerial roles in varied business environments.
The course is internationally accredited and empowers students to seek suitable job roles anywhere in the world. The two-year study program also focuses on specific specialisations within the area of study, such as:
Management Control Systems
Financial and Management Accounting
Information Systems
Taxation
Business Ethics
( https://www.mq.edu.au/study/find-a-course/courses/master-of-accounting )
Cost of Studying Master’s in Accounting in Australia for Indian Students
The average fees for MS Accounting courses in Australia are estimated at approx. AUD 20,800 per annum. This is exclusive of the total cost of living in Australia, which may include other living expenses as well, such as accommodation, dining, sightseeing, shopping, and the like. (deakin.edu.au/study/fees-and-scholarships/fees-and-costs/fees-estimator)
Please note that the fee above is for reference only and will likely differ from one university in Australia to another based on its rank and location.
Eligibility Criteria and Admission Requirements to Study MS in Accounting in Australia
Different colleges and universities in Australia have different criteria to accept resident and international students for Master's in Accounting courses. It is best to check with the university you're applying for to know its exact requirements. Some of the standard eligibility criteria laid out by most leading Australian universities for MS Accounting courses are given below:
A Bachelor’s in Accounting or any related/relevant discipline equivalent to an undergraduate course
Official academic transcripts of completed academic qualifications so far
Personal Statement or SOP
IELTS requirement - minimum 6.5 in each test band
( https://study.unimelb.edu.au/find/courses/graduate/master-of-management-accounting/entry-requirements/ )
Top Universities / Colleges for Accounting Masters in Australia
Australia is home to several QS-ranked universities offering students the chance to study Master’s in Accounting and expand their knowledge and skill base in the domain. Some of the best universities for Accounting in Australia are tabulated below:
University (IDP Partner) | QS World University Rank 2023 (for Accounting) |
UNSW | 21 |
The University of Melbourne | 23 |
The University of Sydney | 35 |
Monash University | 36 |
ANU | 44 |
Sources: https://www.idp.com/india/search/courses/suggestion/category/SearchBox/504/?q=%3Apopularity%3AsubjectFilterFacet%3A5%2F504%3AstudySector%3APostgraduate%3Adestination%3AAustralia&text=Accounting
https://www.topuniversities.com/university-rankings/university-subject-rankings/2023/accounting-finance?&countries=au
Career Prospects in Australia After Pursuing Master’s in Accounting
Students graduating from Australian universities with an MS in Accounting course are eligible to apply in the country’s job market for relevant roles in the industry. Some of the most popular Accountant jobs in Australia for Indian course graduates include:
Financial Controller
Cost Accountant
Auditor
Corporate Controller
Forensic Accountant
The average accounting salary in Australia for Master’s graduates is estimated to start from AUD 63,900 per annum at the beginner level and is likely to go up to AUD 104,300 per annum for experienced professionals. (source- https://www.franklin.edu/blog/accounting-mvp/masters-degree-in-accounting-salary )
FAQs
1. Is Australia a good place to study Master’s in Accounting?
Australia is one of the top choices for many international students aspiring to pursue Master’s in Accounting degrees. The country invites course graduates to contribute to its highly rewarding job sector on course completion.
2. Can I work as an Accountant in Australia after an MS in Accounting?
Master’s in Accounting graduates are eligible to apply for the job of an Accountant after completing their studies in the field.
3. Is an Accounting degree from Australia valid in India?
Professional degrees obtained from Australian universities hold international validity and recognition and are also considered valid in India.
4. What is the difference between MS Accounting and Professional Accounting?
MS Accounting courses specifically focus on certain accounting practices that help students embark on careers in the domain of taxation, financial accounting, and accounting information systems. On the other hand, Professional Accounting deals more with equipping students with managerial skills in accounting.
5. What is the difference between MBA and MS in Accounting?
A Master’s in Accounting degree primarily focuses on developing in-depth knowledge and skills in the field of accounting, such as data auditing, forensic accounting, taxation, etc. An MBA in Accounting teaches managerial skills that enable students to take up senior leadership positions in accounting jobs.
6. Can I be a CA with a Master’s in Accounting degree?
Some CA degrees are considered equivalent to MS in Accounting and entitle students to apply for the role of a CA after pursuing a postgraduate degree in Accounting.
7. Are Accountants paid well in Australia?
The average salary of an Accountant in Australia is likely to be between AUD 55,850 and AUD 160,249 (approx).
( https://www.idp.com/india/study-in-australia/master-of-professional-accounting-in-australia/#:~:text=Chancellor's%20International%20Scholarship-,Job%20Prospects%20in%20Australia%20After%20Pursuing%20Master's%20in%20Professional%20Accounting,Corporate%20Controller)