A Master of BusinessAnalytics in Australia is a two-year course that requires roughly AUD 40,000-77,000 (approx. INR 22-39 lakh) per year. Master’s in business analytics in Australia equips students with the vital skills and knowledge for better decision-making and planning.
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Master of Business Analytics in Australia- How to Apply
It will need careful planning and some time to apply to Australian universities. Here are the steps you can need to follow for your course application.
Choose university and course: Conduct thorough research on the course and university as your interest and suitability. Consider campus size, fee, faculty, location, and placements to decide.
Apply: Apply to your chosen university after checking its requirements and deadline. This information is usually provided over the website. You can also contact them over mail or a through a helpline number.
Processing Application: The process takes a few weeks after the course provider has received the application. Selection for master programs can take longer.
Accept the offer: Once you receive the acceptance letter, read it carefully for any conditions. Pay the tuition fee and confirm your admission.
Sailing through the steps may be challenging for some. If that’s the case with you, choose an admission support provider such as upGrad to ensure a smooth application process.
Requirements for Master’s in Business Analytics- How to Apply?
In some universities, if applicants do not have UG degrees in relevant subjects, they may be accepted if they fulfill criteria such as having a diploma/certificate program in business analytics. A work experience of two years is also recommended.
Applicants should have finished three-year UG courses with study areas like quantitative aptitude, basic probability theories, and others.
Candidates should upload applications on official university websites. They will then get their university confirmation letters if their applications are accepted. Applicants should swiftly confirm their admission and pay the deposit fees to complete the process.
Cost of Studying Master’s in Business Analytics in Australia
You can expect the following costs:
AUD 438 in health insurance (approximately INR 23,740).
AUD 40,000-77,000 (approximately INR 22-39 lakh) per year in tuition costs.
AUD 20,290 annually in living costs or approximately INR 11 lakh.
AUD 360-1800 (approximately INR 19,512-97,560) in accommodation costs, spanning various housing types, including homestays, guesthouses/hotels, rentals, on-campus accommodation, shared rentals, and boarding schools others.
Scope of Master of Business Analytics in Australia
Australia is globally known for its prowess in business analytics. The country offers excellent job prospects in various industries. Leading employers include Contexti, Covalense, Altis Consulting, Analytics8, Internetrix, Diligent Global, Integrated Business Technologies, and Pernix. Many universities have tie-ups with leading industry players, including SAS Australia, NVIDIA, etc. This directly benefits students with regard to giving them valuable industry exposure.
Job Opportunities After MS in Business Analytics in Australia
Business analytics is one of the fastest-growing job fields in Australia. Projected salaries are set to increase exponentially for skilled graduates in the field. AUD 106,000 (approximately INR 57.45 lakh) is the average salary for business analysts in Australia. Job roles include senior business analysts, business analysts, research analysts, corporate strategy analysts, business improvement analysts, operations analysts, and operations managers.
What can you do after an MS in business analytics in Australia?
You can pursue further study and research programs or take up job roles as a business analyst, research analyst, corporate strategy analyst, business improvement manager, operations analyst, senior business analyst, and operations manager, to name a few. You can find employment opportunities with several leading companies in business analytics.
Is an MS in business analytics the same as an MBA?
MBA stands for a Master’s in Business Administration. It combines business, administration, and specialization in a particular discipline which could be information technology. At the same time, MS in business analytics emphasizes data interpretation and analysis with more focus on data-driven insights and decision making.
Is business analyst in demand in Australia?
Australia has been witnessing strong demand for skilled business analysts. Reports have forecasted robust job growth by 2023, while several leading recruiters are already hiring graduates in large numbers. Many technologies and research companies employ business analysts for working in various fields and sectors. All in all, business analytics is a rewarding career in Australia by all means.
Why choose Australia for a master’s in business analytics?
Australia is home to the best universities for studying business analytics and offering a robust job market with growing demand and compensation for skilled graduates in this field. It is home to some of the top global recruiters for business analysts while offering excellent career and research prospects in the area.
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