Top Universities for Master in Management (MIM) in Australia for International Students

If you're interested in pursuing a career in management, the Master of International Management (MIM) could be the perfect course for you. 

In Australia, several universities offer this program, including 

• The University of Sydney
• Monash University
• The University of Melbourne. 

The MIM course typically lasts for 2 years, and during this time, students gain valuable insights into leadership, global business, and cross-cultural communication. Graduates of the MIM course are in high demand, and in Australia, they can expect to earn an average salary of around INR 27.5L ( AUD 50,000) - INR 83L (AUD 150,000)  per year. 

So, if you're looking to kickstart your career in management, the MIM course could be the perfect opportunity to do just that.

Key Highlights Table:

Why Study MIM in Australia?

Earning a Master of Management (MIM) in Australia can be a transformative experience for Indian students. Australian MIM programs offer a compelling combination of academic excellence, practical learning, and a vibrant international environment, making them a strong choice for career advancement. 

Here's how a MIM in Australia can be particularly advantageous for Indian students:

• Focus on Practical Skills:  Australian MIM programs are known for their emphasis on practical learning. You'll gain valuable experience through internships, case studies, and industry projects, all designed to equip you with the skills and knowledge employers seek. 
• Culturally Diverse Environment: Australia boasts a multicultural society, and its universities reflect that diversity. Studying for your MIM in Australia will expose you to a variety of perspectives and working styles, preparing you to thrive in today's global business landscape. 
• Globally Recognised Quality: Australian universities consistently rank high in global education rankings. The QS World University Rankings 2024, for instance, features 7 Australian universities in the top 100. This prestigious qualification can open doors to top companies worldwide.
• Post-Study Work Options:  Australia offers a liberal post-study work visa program. Indian MIM graduates can leverage the Temporary Graduate visa (subclass 485), which allows them to stay and work in Australia for up to 2-4 years after completing their studies. This valuable time allows graduates to gain practical experience, build networks, and potentially secure permanent residency.
• Strong Employment Prospects:  The Australian job market offers attractive opportunities for MIM graduates, with a reported average salary ranging between INR 27.5L to INR 83L per year. Industries like consulting, finance, and technology actively seek skilled MIM graduates, making it a financially rewarding career choice.
• Pathway to Permanent Residency:  For Indian students seeking to settle in Australia, an MIM degree can be worthy. The skills and experience gained can contribute points towards Australia's Skilled Migration Points System, a pathway to permanent residency.

What are the top 10 Universities Offering MIM in Australia?

Australia is a popular destination for students seeking a Master of International Management (MIM) degree. More than 50 universities offer MIM courses, giving students plenty of options. 

According to the QS World University Rankings 2024 of Business and Management, 7 Australian universities rank among the top 100 universities in the world, which is a testament to the quality of education in Australia. 

Here is a table of the top 10 universities offering MIM in Australia, along with their average tuition fees:

Note: The fees mentioned in the table are approximate and may vary as per the currency exchange rate.

What are the top specialisations for MIM in Australia?

When choosing your MIM program in Australia, you can delve deeper by selecting a specialisation that aligns with your specific career aspirations. Australian universities offer a diverse range of MIM specialisations, allowing you to tailor your education to a particular industry or functional area. 

Here are some of the most sought-after specialisations for MIM programs in Australia:

• Finance: Gain expertise in financial analysis, investment management, risk management, and corporate finance, preparing you for careers in banking, investment banking, financial consulting, and corporate finance departments.
• Marketing:  Develop a strong understanding of consumer behaviour, marketing strategy, digital marketing, and brand management, equipping you for roles in marketing research, brand management, product marketing, and digital marketing agencies.
• Human Resource Management:  Master the art of talent acquisition, performance management, employee relations, and organisational development, opening doors to careers in HR consulting, recruitment, training & development, and HR leadership roles.
• Business Analytics:  Learn how to leverage data analytics tools and techniques to gain insights, solve business problems, and make data-driven decisions. This specialisation positions you for careers in business intelligence, data analytics, and marketing analytics.
• Supply Chain Management:   Become an expert in optimising supply chains, logistics, and inventory management. This specialisation is ideal for those seeking careers in procurement, logistics management, and supply chain consulting.
• Project Management:   Develop the skills to lead and manage complex projects effectively. This specialisation is valuable for roles in project management, operations management, and program management across various industries.
• Entrepreneurship & Innovation:   Foster your entrepreneurial spirit and equip yourself with the skills to launch and grow your own business venture. This specialisation is well-suited for aspiring entrepreneurs and innovators.
• International Business:  Gain a global perspective on business practices, international trade, and cross-cultural management. This specialisation prepares you for careers in international marketing, global business development, and international consulting.

MIM in Australia: Course Curriculum

The MIM in Australia equips engineers with the necessary business and management skills to excel in leadership roles. The curriculum generally combines core engineering subjects with business and management courses, providing a well-rounded education that bridges the gap between technical expertise and business acumen.

It's important to note that the course curriculum for the (MIM) in Australia may vary between Universities. For example, let's take a closer look at the University of Sydney's MIM program.

Here's a breakdown of the University of Sydney MIM course curriculum in Australia:

First Semester:

• Core Units (6 credit points each): MMGT6001 Strategy: Develop strategic thinking skills to gain a competitive advantage in the business world.
• MMGT6016 Financial Management: Master financial analysis, budgeting, and investment strategies for effective financial decision-making.
• MMGT6020 Leadership: Cultivate your leadership skills, communication abilities, and team management techniques.
• MMGT6012 Business Tools for Management: Gain proficiency in quantitative methods, data analysis, and problem-solving techniques essential for business success.
• MMGT6688 The Future of Business: Explore emerging trends and challenges shaping the future of business, preparing you to navigate the evolving landscape.

Second Semester:

• Elective Units (6 credit points each): Choose two electives from a wide range of options to deepen your knowledge in specific areas of management.
• MMGT6101 MMGT Business Project (12 credit points): Apply your acquired knowledge and skills to a real-world business problem through a capstone project.

Optional Summer or Winter Session:

• MMGT6015 Digital Transformation (6 credit points): Gain insights into digital technologies and strategies to transform businesses and stay ahead of the curve. (This unit can be taken during the summer or winter session

This structure provides a strong foundation in core business disciplines while allowing you to personalise your learning experience through elective choices.

What are the top 10 UG Courses for MIM in Australia?

If you're considering pursuing MIM in Australia, then it's important to know the undergraduate courses that can help you get there. Australian universities offer a wide range of undergraduate courses that can serve as a solid foundation for MIM studies.

The duration of these courses ranges from 3 to 4 years, and the top universities offering these courses include The University of Sydney, Monash University, and The University of Melbourne. 

Here are the top 10 undergraduate courses for MIM in Australia:

• Bachelor of Commerce
• Bachelor of Business Administration
• Bachelor of Economics
• Bachelor of International Business
• Bachelor of Accounting
• Bachelor of Marketing
• Bachelor of Finance
• Bachelor of Management
• Bachelor of Entrepreneurship
• Bachelor of Leadership

What is the MIM in Australia: Eligibility Requirements?

To pursue MIM in Australia, you'll need to meet specific eligibility requirements set by the universities. These requirements ensure that admitted students have the academic foundation and capabilities to thrive in the rigorous program. 

Here are the eligibility requirements for pursuing MIM in Australia:

• The candidate must have completed a bachelor's degree from a recognised university with a minimum of 55% to 65% overall grade.
• Non-native English speakers need to provide proof of English language proficiency by scoring well on tests like IELTS with a minimum score of 6, TOEFL with a minimum score of 330, or PTE with a minimum score of 58.
• Some universities may require candidates to have some work experience before applying for MIM.
• The candidate must provide a statement of purpose (SOP) outlining their motivation for pursuing the course and career goals.
• The candidate may need to provide letters of recommendation from previous professors or employers.
• Some universities may require candidates to appear for an entrance exam, such as the GMAT with a minimum score of 690 or the GRE with a minimum score of 26, and score well to be eligible for the course.

It is always advisable to check the eligibility criteria of the universities offering MIM in Australia before applying for the course.

Documents required for MIM in Australia

When considering studying for a MIM in Australia, it's essential to know the documents you'll need to apply for admission. 

Here are the documents required for MIM in Australia:

• Certified copies of academic transcripts: This includes your bachelor's degree or equivalent qualification and any transcripts from relevant postgraduate studies.
• Statement of Purpose (SOP): A well-written SOP outlining your academic background, career goals, and motivations for pursuing a MIM in Australia is essential.
• Curriculum Vitae (CV): This document showcases your professional experience, skills, and achievements, particularly any relevant legal work experience.
• Letters of Recommendation: You are typically required to submit one or two letters of recommendation from professors familiar with your academic abilities.
• English Language Proficiency Test Scores: Provide official test results like IELTS or TOEFL to demonstrate your English language skills. (Specific score requirements vary by university).
• GMAT/GRE: While not mandatory for all universities, some MIM programs may require GMAT or GRE scores. These tests assess your quantitative, analytical, and verbal reasoning skills.
• Passport photocopy: Ensure your passport is valid for the duration of your studies and potentially beyond for visa purposes (if applicable).

Visa required for MIM in Australia

For Indian students planning to study MIM in Australia, obtaining a student visa is an essential step. With a Student Visa (Subclass 500), you can enter and stay in Australia throughout the duration of your MIM degree, attend classes and complete coursework.

Here's a list of the general documents required for an Indian student applying for a Student Visa (Subclass 500) to pursue a MIM in Australia:

• Valid Passport: You must have a passport with a validity period of at least 6 months beyond your intended stay in Australia and sufficient blank pages for visa stamps and potential travel endorsements.
• Electronic Confirmation of Enrolment (ECOE): This official document issued by your chosen university confirms your enrollment in the MIM program.
• Genuine Temporary Entrant (GTE) Statement: A well-written document explaining your reasons for studying in Australia, your specific program choice, and your plans to return to India after completing your studies.
• Overseas Student Health Cover (OSHC) Details: Proof of enrollment in a registered Overseas Student Health Cover (OSHC) plan for the duration of your stay.
• Financial Statements: Bank documents demonstrating sufficient funds to cover your tuition fees and living expenses in Australia for the entire duration of your MIM program. This could include bank statements, scholarship letters, or evidence of sponsorship.
• Proof of Income (if applicable): If you're using personal income to support your studies, documents like salary slips or tax returns can be helpful.
• Academic Transcripts & Degree Certificate: Official copies (translated into English if necessary) of your bachelor's degree transcripts and certificate.
• English Language Test Scores (if required): While not always mandatory for the visa itself, some universities might require proof of English proficiency through TOEFL or IELTS scores for visa purposes.
• Medical Examination Results: In some cases, you might be required to undergo a medical examination and submit a health report.
• Police Check Certificate: A police check certificate from your home country might be requested in some instances.

Also Read: Australian Student Visa

Work Permit after MIM in Australia

The Australian government offers a Temporary Graduate visa (Subclass 485) specifically designed for international students who have completed a higher education course in Australia. 

This post-study work visa allows MIM graduates valuable time to secure skilled engineering management positions in their chosen field.  

What is the cost of studying MIM in Australia?

The cost of studying MIM in Australia varies depending on the university and the duration of the course. On average, the tuition fees for pursuing a MIM course in Australia range from INR 10L (AUD 18,125) to INR 50L (AUD 90,628). 

Additionally, living expenses, including accommodation, transportation, and food, also add up to the total cost of studying in Australia. 

Cost of Living in Australia

Living expenses in Australia for international students can differ based on their location and way of living. Generally, students can expect to spend approximately INR 98,000 (AUD 1,820) annually for food, transportation, and other miscellaneous expenses, excluding rent. 

However, the costs can fluctuate depending on the city and the student's lifestyle preferences. 

To assist you in comprehending the cost of living in Australia, we have put together a comprehensive expense chart below. 
 

Source: Numbeo

Note: The costs mentioned in the table are approximate and may vary by location and currency exchange rates.

What are the top Scholarships for MIM in Australia?

Scholarships for MIM in Australia can help ease the financial burden of pursuing higher education and make it more accessible for deserving students. 

Many Australian universities offer scholarships for international students, including those pursuing a Master of International Management (MIM). These scholarships cover a range of expenses, from tuition fees to living costs, and are awarded based on academic excellence, financial need, or other criteria. 

Students are encouraged to explore the various scholarship options available to them and apply early to increase their chances of success. 

Here's a table summarising some of the scholarships available for international students pursuing MIM in Australia:

Want to know more about Scholarships in Australia?

What are the top jobs after MIM in Australia?

A Master of International Management (MIM) degree from Australia opens up a world of opportunities for graduates. The return on investment for MIM in Australia is noteworthy, with graduates securing salaries between INR 27.5L ( AUD 50,000) - INR 83L (AUD 150,000) annually. 

With their diverse skill set and practical experience, MIM graduates are sought after by leading companies across industries. Some of the most popular job roles for MIM graduates in Australia include management consultants, international business managers, marketing managers, financial analysts, and supply chain managers. 

Here is a table of the top 10 jobs after MIM in Australia and their average salaries:

Sourced By: Indeed & Glassdoor

Note: The salaries mentioned in the table are approximate and may vary depending on the location, experience, recruiters and currency exchange rates.

Top Recruiters after MIM in Australia

After completing MIM in Australia, graduates can expect to be in high demand from companies across various industries. With practical skills and a globally recognised qualification, MIM graduates are equipped to take on leadership roles in a rapidly changing business landscape. 

Some of the top recruiters for graduates of MIM in Australia include:

• Deloitte
• PwC (PricewaterhouseCoopers)
• EY (Ernst & Young)
• KPMG
• Accenture
• McKinsey & Company
• Bain & Company
• BCG (Boston Consulting Group)
• Commonwealth Bank
• Westpac