Masters in Australia: Cost, Eligibility, Top Universities, Scholarships and Job Prospects

Australia is among the top three study abroad destinations in the world for international and Indian students. It’s a very beautiful country with extreme diversity. After the new immigration policy published by the Australian government, International students are encouraged to take up education, jobs and stay in Australia. In 2018, more than 100,000 Indian students and more than 800,000 international students enrolled in Australian institutes for higher studies and training. In this post, we will look into the costs (fees & living expenses), eligibility, top universities, scholarships, and job prospects after pursuing a Masters in Australia.


Masters in Australia

Cost, Eligibility, Top Universities, Scholarships, Job Prospects & Salaries


Co-authored by Parinita Gupta



Why Study Masters in Australia?


Multicultural Australia is English-speaking and a safe and friendly society in which students can learn and travel freely. After the U.K. and the U.S, Australia is the 3rd most popular study destination in the world for international students. Australian graduates are highly sought after due to the impressive international reputation of their education system and the system is carefully regulated and synchronized by the government in order to maintain the high standards of education associated with the country.


Australia is a very accessible destination when it comes to the study abroad programs in this country which is becoming increasingly popular around the world. The major universities here welcome international students and provide programs and services that are tailored toward helping students make the most out of their educational experience.


Many international students choose to study in Australia because of its friendly, laid-back nature, excellent education system, and a high standard of living. Australian universities are known for high-quality teaching and rigorous quality controls. University education in Australia helps you become an independent learner and is mostly focused on using problem-based learning.


The top reasons to study in Australia:


  • Good quality education and scholarship availability
  • Culturally diverse environment
  • High standard of living
  • Moderate climate
  • Good options to work (part-time) and earn while studying full-time
  • Post-study work visa
  • Job prospects and high salary
  • Opportunities to settle down (PR)


Admission Cycle and Intakes for Studying in Australia


The two major intakes are February-March (Fall/Autumn) and June-July (Winter/Spring). Since Australia is down under in the southern hemisphere, the intakes are different.


The academic year in Australia begins in the month of February. They run two semesters, the first semester runs from February to June and the second one from July to November. The courses related to Masters are usually available to start in either February or July, although few of the professional courses are only available to start in February (First Semester). If you’re an undergraduate, expecting to finish your course in the summers, then a Masters Degree in February may seem strange since you’re used to an academic year beginning in September.


Students can utilize this time between the sessions (beginning of Masters) to organize your application and perhaps even acclimatize yourself to the Australian environment before your degree starts. This can be very convenient with most students traveling quite a way for an international Masters in Australia. The exact length of the Master’s degree depends on the type of program the students take up and its course content. Most Masters Degrees in Australia take between one and two years to complete.


Costs (Living Expenses & Tuition Fees) of Studying in Australia


In Australia, postgraduate course fees are set by individual universities and not by the government; hence you’ll find a wide range of costs across different institutions and courses. Tuition fees and course costs for Australian and New Zealand citizens are lower than that for international students. Tentatively, international students need AU$20,290 (US$14,600) each year for living costs alone, according to Australia’s student visa requirements.


The official government website for international students shows annual tuition fees of AU$20,000 (US$14,400) to $37,000 (US$26,600) for a Master’s degree in Australia.


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Scholarships to Study Masters in Australia


The Australian Government and Australian Universities provide a large number of scholarships for international students wanting to study in Australia.


Government Scholarship Schemes:


  • Australia Awards Scholarships
  • Endeavour Postgraduate Scholarship Awards
  • International Postgraduate Research Scholarships (IPRS)
  • Destination Australia Awards
  • Research Training Program Scholarships


University-Specific Scholarship Schemes:



Popular Programs to Study in Australia


The popular programs are – Master of Science (Computer Science), Master of Agricultural Sciences, Master of Information Technology, Master of Bio-Technology, Master of Biomedical Science, Master of Data Science, Master of Professional Engineering, Master of Nutrition and Dietetics, Master of Pharmacy, Master of Information Technology Management, Master of Agriculture and Environment, Master of Food Science and Technology, Master of Cyber Security, Master of Analytics, Master of Informatics, Master of Health Science, Master of Management for Engineers to name a few.


Read: Best Courses to Study in Australia for Jobs and Immigration


Eligibility Criteria to Study Masters in Australia


For the top universities, you need to have a minimum of 65% (for Technical and Engineering Programs) in your Bachelor’s degree. For Arts & Humanities, you will need a minimum of 55% in Bachelors. Australia accepts both 3-year and 4-year Bachelor degrees. If you have got less than


Additionally, you also need a TOEFL score of 80 and above (depending on course opted), IELTS score of 6.5 or above, or PTE score of 58.


Top Universities for Masters in Australia


  • Australian National University (ANU) – is Australia’s highest rank University. It is located in the capital city, Canberra, and is the only university to be created by the Parliament of Australia (It’s alumni have two Australian prime ministers)
  • The University of Melbourne – It is the second oldest university in Australia (founded in 1853). The university has above 47,000 students, including more than 12,000 international students. This institution has been associated with nine Nobel Prize winners – the highest for any Australian university.
  • University of New South Wales (UNSW) – It has been established in 1949 and it aims to be “Australia’s global university” by 2025, the University is partnered with over 200 universities around the world.
  • University of Southern Queensland – This Institution is located in Brisbane, and is quite popular amongst students. It is a founding member of the Group of Eight, a coalition of research-intensive Australian universities.
  • The University of Sydney – is the oldest Australian university, established in 1850. This has been parting education to around 60,000 students. The noteworthy thing about the university’s campus is its beautiful neo-gothic buildings.
  • The other prominent universities are the University of Tasmania, Macquarie University, University of Western Australia, University of Adelaide, James Cook University, Southern Cross University, Monash University, Charles Sturt University Study Centers, University of Technology Sydney, University of Wollongong, Griffith University, La Trobe University, RMIT University, Deakin University, and Carnegie Mellon University Australia (Adelaide).


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Job Prospects and Salary


The friendly and open immigration policies in Australia are attracting a lot of international students to pursue their career in this beautiful country. Australia attracts around 300,000 international students every year. Few of the high paying jobs in Australia mentioned below.


Human Resources: The entry-level salary ranges between AU$51,000 to AU$90,000. A Business manager from a reputed University can easily earn around AU$65,000.


Marketing: Marketing Manager can earn in the range of AU$60,000 to AU$65,000. Professional, Scientific and Technical Services can fetch you a salary of around AU$90,000.


The Health Care and Social Assistance is a big market in Australia and it can be lucrative too with a salary package of around AU$85,000. Humanities and Social Sciences has a salary bracket of AU$50,000.


Engineering: Aeronautical Engineering can expect anything between AU$60,000 to AU$65,000. The Electronic and Computer Science market in Australia earns a handsome AU$75,500 to AU$80,000. The Civil Engineers are also not far behind with a package of AU$77,000 approximately.


Data Science and Business Analytics: The current job market in Australia is quite promising for data scientists and business analytics professionals. Data scientists can earn up to AUD $200,000 annually. The average annual salaries for MScBusiness Analytics graduates are around AU$82,000. For professionals with 5 years of experience, it can range from AU$120,000 to AU$200,000 per year.


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The salaries can always vary from time to time and with locations. Australia ranks fifth in countries with the highest average income and with Australian Dollar hovering around 50 in Indian Currency, it’s quite a handsome compensation.




About Parinita Gupta: Parinita is a full-time banking professional. Additionally, she is also a passionate blogger and digital marketer.

She mostly writes about the Banking & Finance, Technology, and FinTech sector. But, she also enjoys writing on other topics as well.  You can follow her on Twitter.



Featured Image Credit: Jeduka


Sources: 1, 2.

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