MiM in Australia: Best Universities, Course Structure & Career
MiM, or Master of Management, is a highly sought-after program following an MBA due to its flexible course structure, shorter duration, and focus on developing management skills. Australia is an emerging destination for Indian students to explore the opportunities of higher studies abroad. The country is globally recognised for offering quality education and employment options to business management students. As of 2024, 1.22 Lakh Indian students are studying in Australia.
In this blog, we will discuss the key information on pursuing an MiM in Australia, such as top universities, eligibility criteria, application process, and career prospects.
- Overview of MiM Course in Australia
- Best Universities for MiM in Australia
- Top Specialisations in Master of Management in Australia
- Course Structure of MiM in Australian Universities
- MiM Subjects in Australian Universities
- Eligibility Criteria for MiM in Australia
- Documents Checklist for University Application Process
- Application Process for MiM in Australia
- Career after MiM in Australia for Indian Students
- Key Takeaways by AdmitX
- FAQs
Overview of MiM Course in Australia
The following is the general overview of MiM or Master of Management in Australia.
| Duration | 12 Months-24 Months |
|---|---|
| Average Tuition Fees (2025) | AUD 30,000-50,000 or INR 16 Lakhs-26 Lakhs |
| Top 5 Universities (2025) | University of Melbourne University of Sydney Australian National University Monash University Macquarie University |
| Intakes | February and July |
| Average Salary | AUD 54,000-80,000 or INR 28 Lakhs-42 Lakhs |
Best Universities for MiM in Australia
We have tabulated below some of the best and globally recognised universities for Master’s in Management in Australia, along with their QS world university rankings 2025, duration, and annual tuition fees.
| University | QS World University Rankings 2025 | Degree Name | Duration | Tuition Fees for 2025 (Annual) |
|---|---|---|---|---|
| University of Melbourne | 13 | Master of Management | 24 Months | AUD 56,992 |
| University of Sydney | 18 | Master of Management | 15 Months | AUD 51,500 |
| Australian National University | 30 | Master of Management | 24 Months | AUD 53,700 |
| Monash University | 37 | Master of Management | 24 Months | AUD 56,800 |
| Macquarie University | 65 | Master of Management | 12-24 Months | AUD 45,100 |
| University of Western Australia | 77 | Master of Management | 18-24 Months | AUD 46,900 |
| University of Technology Sydney | 88 | Master of Management | 18 Months | AUD 37,512 |
| RMIT University | 123 | Master of Management | 24 Months | AUD 30,400 |
Top Specialisations in Master of Management in Australia
Accounting: The accounting specialisation in MiM in Australia prepares students for roles in financial management and accounting, such as financial reporting, auditing, taxation, etc.
Finance: It equips students with knowledge and skills relevant to banking, investment, and other financial services, such as investment analysis, corporate finance, financial analysis, etc.
Human Resources: The human resources specialisation in the Master of Management program in Australia prepares students for handling responsibilities such as talent acquisition, organisational development, employee engagement, etc.
Marketing: Indian students interested in pursuing their careers and sharpening their skills in marketing, advertising, sales, etc., can opt for this specialisation, which provides a deep study of consumer behaviour, digital marketing, and brand management.
Entrepreneurship & Innovation: The entrepreneurship and innovation specialisation in the MiM course in Australia focuses on developing skills for starting new businesses and ventures.Â
Course Structure of MiM in Australian Universities
- The master of management program in Australia prepares Indian students for strategic and critical thinking, understanding of marketing dynamics and consumer preferences, and management of financial resources and capital.
- It helps them make informed decisions within the rapidly changing business management environment.
- The MiM course in Australia requires students to complete a set number of credit points to graduate.Â
- It varies depending on the university and the student’s prior academic background.
- Depending on the university, it covers foundation subjects, core subjects, elective subjects, and capstone projects.
MiM Subjects in Australian Universities
Foundation Subjects
Foundation subjects in a Master of Management program are designed to equip students from non-business backgrounds with essential business and management knowledge. Â
- Accounting
- Finance
- Marketing
- Organisational Behaviour
- Value Creation
- Project Management
- Work, Organisation, and Management
Core Subjects
The core subjects in an MiM in Australia are designed to provide the essential knowledge and skills relevant to business and management.
- Decision Analytics
- Business Analytics
- Management Competencies
- Financial Management
- Leadership
- Strategic Management
- Management Technology
- Foundations of Professional Practice
- Human Resource Management
- Business Ethics
Elective Subjects
The electives are meant to facilitate MiM students to tailor their education to specific interests and career goals.
- Entrepreneurship & Innovation
- Leading People & Change
- Digital Transformation
- Advanced Financial Management
- Future of Business
- Marketing
- Contemporary Topics in Management
- Business Tools for Management
Capstone Projects
The capstone projects in an MiM course in Australia offer students the opportunity to apply their acquired knowledge to real-world business challenges, fostering practical skills and strategic thinking. The topics are usually alloted by the faculty.Â
Eligibility Criteria for MiM in Australia
The following are the admission requirements for a master’s in management program in Australia.
Academic Requirements
Indian applicants are required to have
- a minimum score of 60-75% in the 3-4 year bachelor or bachelor’s honours program relevant to commerce or business management disciplines. OR
- minimum score of 60-75% in the 3-4 year bachelor or bachelor’s honours program in any discipline with prior work experience or required GMAT score.
GMAT Requirments
Depending on the university, GMAT scores are required to be submitted in case the applicant is unable to fulfill the academic requirements as described above. The minimum GMAT Focus score is higher than 600.
English Language Proficiency Requirements
Depending on the case, Australian universities could provide the waiver if the mode of instruction in previous academic settings was the English language.Â
| Proficiency Test | Minimum Score or Band |
|---|---|
| TOEFL iBT | 80-100 |
| IELTS Academic | 6.5-7.0 |
| PTE | 63-70 |
Work Experience Requirements
Depending on the university, Indian applicants are required to have a work experience of at least 2-3 years.
Documents Checklist for University Application Process
- Certified copies of Academic Documents (Undergraduate level)
- UG marksheets
- UG passing certificate
- UG degree Certificate
- College/university leaving certificate
- Transfer certificate
- Proof of English language proficiency (TOEFL iBT/IELTS Academics/PTE)
- GMAT Scorecard
- 2-3 letters of recommendation
- 1-2 statements of purpose/essaysÂ
- 1 CV
- Work experience certificate (if required)
- Passport
- Proof of funds to cover the tuition and living expenses (depending on the university)
- Health and medical fitness report
- Police verification certificate (if required)
- Certificate for Extracurricular activities (if any)
Application Process for MiM in Australia
- From the table we have provided above, list at least 7-8 universities according to their ranking and tuition fees.Â
- Visit their official websites to check their specific entry requirements, program structure, syllabus, career outcome, class profile, application dates, etc.
- Based on your preferences, shortlist at least 5 universities.
- Considering their application dates, start applying for the course on their official websites.
- Fill in the relevant details in the university application form.
- Upload the required documents.
- Pay the application fee (if required).
- Submit the form and take out the printout of the confirmation receipt.
- Depending on the university, selected candidates will be invited for a virtual interview.
- After completing the above processes, you will receive an unconditional offer letter from the university.Â
- You must submit the pending documents, such as language proficiency, and pay the initial installments of your tuition fees to obtain a confirmed certificate of enrollment.
Career after MiM in Australia for Indian Students
An Indian MiM graduate in Australia can explore a wide range of career opportunities. The average salary of MiM graduates in Australia is around AUD 92,000-200,000 or INR 49 Lakhs-1.06 Crore per year, depending on the job roles, employer, and experience.Â
| Job Posts | Average Salary (Per Year) |
|---|---|
| General Manager | AUD 100,000-300,000 (INR 54 Lakhs-1.62 Crore) |
| Operations Manager | AUD 92,000-100,000 (INR 49 Lakhs-54 Lakhs) |
| Project Manager | AUD 100,000-200,000 (INR 54 Lakhs-1.06 Crores) |
| Marketing Manager | AUD 100,000-200,000 (INR 54 Lakhs-1.06 Crores) |
| Information Technology Manager | AUD 100,000-200,000 (INR 54 Lakhs-1.06 Crores) |
Key Takeaways by AdmitX
MiM, or Master of Management, is one of the popular study programs across the world, including Australia. An MiM course in Australia is considered the best alternative to MBA programs because of less rigid coursework, shorter duration, and flexible entry requirements.
MiM students in Australia get a diverse range of opportunities to engage in the coursework through classroom discussions, exposure to global business leaders, study exchange, and capstone projects. This helps them understand the contemporary challenges in the context of business and management to innovate better and sustainable solutions.
FAQs
Can I pursue an MiM in Australia without a GMAT?
Depending on the university, you are required to submit the GMAT Focus scores, which should not be less than 600-650. If you have an average score of 70% or above or have pursued bachelor’s studies in business management courses, you can pursue an MiM without GMAT.
Is Australia good for MiM?
Yes, Australia is a globally recognised country for offering top-notch education in business management and leadership. It has the best business schools, a strong economy, diverse employment opportunities, and an excellent quality of life.
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What is the average salary after an MiM in Australia?
The average salary of MiM graduates in Australia is around AUD 92,000-200,000 or INR 49 Lakhs-1.06 Crore per year, depending on the job roles, employer, and experience.Â
Why MiM is considered better than an MBA in Australia?
The MiM course in Australia is more affordable and less intense than an MBA program. While completing an MBA program in Australia can take around 24 months, a master of management course can be completed within 12-18 months.
Additionally, the annual tuition fees for an MiM program in Australia range from INR 16 Lakhs to 26 Lakhs, whereas MBA programs can cost between INR 34 Lakhs and 56 Lakhs.
What are some popular universities for a MiM in Australia?
Some of the popular universities for a master of management program in Australia include the University of Melbourne, University of Sydney, Australian National University, Macquarie University, and Monash University.
