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Masters in Business Analytics in Australia

Top Universities, Admissions, Cost, and Jobs

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Why Study Business Analytics In Australia?

Business analytics courses to study in Australia are the key aspect of the growth rate of the organization. More specifically, the company improves the profit margin by following the statistical method and operation analysis of business analytics. Business analytics courses in Australia are offered by almost 147 colleges. The business analytics courses are designed in collaboration with the multinational corporation for providing the students with the essential skill set. All this is achieved through the datasets of real-world transactional data from a real company, data visualization providing a broad scope of the digital economy. Among the study-abroad destinations, Australia is in the second position in giving business analytics courses to students.

As per the new world ranking of QS, almost four colleges and universities offer business analytics in Australia within the top 10. BLS reports the growth rate in the annual income will increase by almost 14% in business analytics in Australia. Employers in Australia have been dealing with the employee shortage issue in the domains such as manufacturing, healthcare, defense, logistics, finance, consultancy, supply chain management, project management, etc. There is some renowned organization in Australia that offers business analytics jobs such as JP Morgan, Tesco, KPMG, United Nations, Deloitte, etc, that mostly recruit business analytics.

Popular Business Analytics Courses In Australia

The master’s in business analytics in the Australia offers a curriculum that covers subjects from all fields of expertise. This makes sure that there are many ample choices for the students who pursue their careers in business analytics. The most popular universities in Australia offer a master’s in business analytics and additional courses. Some of the major pathways and specializations within the subject are mentioned below:

  • MSC. In business analytics and decision science.
  • MSC. In business analytics and management science.
  • Master’s In business analytics. 
  • MSC. In information science and business analytics. 

Generally, business analysts provide benefit from study abroad for business analysis certifications. There are various benefits of certification and they are listed below: 

  • For enhancing the career path and skills.
  • For letting the candidate perform the business analyst role with confidence. 
  • For making the resume stand out in the crowd. 
  • For boosting the confidence of the candidate in front of the employers. 
  • For recognizing the commitment to personal development and advancing the business analytics profession. 
    Duration of business analytics courses in Australia
  • Undergraduate students: For undergraduate students, the duration of the business analytics course is 4 years.
  • Graduate students: For graduate students, the duration of business analytics is 1-2 years when it is done on a full-time basis and it is 2-4 years when it is done part-time.
  • Post-graduate students: For post-graduate students, the duration of business analytics is 1 year when it is done on a full-time basis and it is 2 years when it is done part-time.

Cost Of Studying Business Analytics Degree In Australia

Undergraduate students: For undergraduate students, the cost of studying business analytics degree in Australia is 18000 AUD- 29000 AUD per year.

Graduate students: For graduate students, the cost of studying business analytics degree in Australia is 21900 AUD - 37300 AUD per year.

Post-graduate students: For post-graduate students, the cost of studying business analytics degree in Australia is 25750 AUD - 35100 AUD per year.

Cost Of Living In Australia

As international student, the most important thing that student wonders is about the cost of living in Australia. The student worries about the cost of college, rent, utilities, food, recreational cost, etc. The average cost of each day’s expenses in Australia that is necessary for a comfortable life has been estimated. The figures and the budget have been estimated for managing the finances properly. If the student decides to live in London, then the cost of living is much higher in comparison to the cost of living in other parts of the country. London was ranked among the 10 most expensive cities to live in in Europe in 2020. There are many ways to manage the expenses and the cost but it will be quite pricey.

Let’s take an example: suppose a student chooses to live in northern England instead of renting a house in southern England which results to be more expensive than the first. Hence, in general, the cost greatly varies over the whole of Australia which in turn makes it difficult to set a cost of living. Australia has its expensive parts of the country and it also has its most affordable ones just like the other countries in the world. So, wherever the student stays in Australia there will be differences in the cost of living in the different parts of the country. The average weekly budget including rent will almost be 240.89 AUD for a single student who lives in Australia. The cost of students are listed below:

  • Rent: The average rent of living in Australia depends on the student and where he/she lives and the accommodation he/she prefers. The cost of a one-bedroom flat almost costs 758 AUD per month if the student lives in the city, and 614 AUD is the cost of a one-bedroom flat if the student lives outside of the city. The cost will increase if the energy costs are included in the rent. If the student prefers to share the flat then the cost of accommodation and utilities will be reduced in half. 
  • Council tax: The students living in Australia have to pay the council tax. The student needs to calculate how much per year needs to be paid based on where they live and how many people live with them. The council tax is much less when the student lives alone. The payment of council tax help in paying the trash collection, street maintenance, police forces, etc. The council tax per week costs almost 25 AUD.
  • Utilities: The utilities are not included in the rent hence, the utility costs for gas, electricity, and water per month amount to almost 155 AUD or $204 USD. The cost of living is much less if the student lives alone or if the student is not at home due to sightseeing, studying, or socializing. Heat may also make utilities vary but the estimation will at least help in budgeting throughout the year. 
  • Bank account: When the student plans to move to Australia then he will have to open a new bank account to pay for the expenses and bills and also to send and receive money. If the student does an international transfer, then the fees can really add up depending on the Australian bank chosen by the student. 

Business Analytics Courses In Australia With Scholarships

Africa regional scholarships

From all over the world the Imperial College Business School is very proud to be a global organization with students. The students are offered scholarships to the African students to encourage them further who contribute to the imperial community. The applicants who are residents in one of the 54th African countries will be considered automatically. The students considered for this scholarship will submit their application program application and will receive an offer. The admission team will further notify the successful candidates. For the scholarship, the candidate requires a strong application with excellent academic background, career potential, references, and a personal statement. An amount of 10000 AUD is offered as a scholarship amount to the students. 

Bright network scholarships

For the members of the bright network, scholarships of up to 10000 AUD are offered. All successful applicants will be considered automatically by the members of the bright network. The students will have to submit the MSC program application and then they will receive an offer for the program and then those students will be considered for this scholarship. The admission team will notify the successful candidates further. In order to get the scholarship, the student should have a bright network membership and they should also have an excellent application that demonstrates academic merit, strong professional or community experience, leadership potential, and a clear career plan.

LATAM regional scholarship

From all over the world the Imperial College Business School is very proud to be a global organization with students. The students are offered scholarships to the Latin American students to encourage them further to contribute to the imperial community. The applicants who are residents in one of the 24th Latin American countries will be considered automatically. The students considered for this scholarship will submit their application program application and will receive an offer. The admission team will further notify the successful candidates. For the scholarship, the candidate requires a strong application with excellent academic background, career potential, references, and a personal statement. An amount of 10000 AUD is offered as a scholarship amount to the students.

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Frequently Asked Questions

Yes, Business Analytics is a good career option in Australia. As the country is moving towards a data-driven approach, businesses are increasingly relying on data analytics to gain insights, make decisions, and drive growth.

According to a recent report by the Australian Computer Society, there is a growing demand for professionals skilled in data analytics and related technologies. The report states that data analysis and management skills are among the top skills in demand in the country. The report also highlights that the demand for business analysts and data analysts is expected to remain strong in the coming years.

The salary of a Business Analyst in Australia varies depending on factors such as experience, industry, location, and the organization's size. According to data from PayScale, the average salary of a Business Analyst in Australia is AUD 79,000 per year. However, the salary range can vary from AUD 54,000 to AUD 118,000 per year.

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