What Do Business Analytic Studies in Australia Include?
Aspirants who wish to study in Australia look forward to its high-quality education system and better research facilities. The diverse country has a welcoming environment focuses on creativity and independent thinking. Though businesses rise and fall, the demand for a business analyst has increased over the past few years.
International students look for course programs that help develop business skills as these are in high market demand. Aspirants can gain knowledge of basic and theoretical principles and have critical ideas. In a practical sense, decision-making and communication skills are vital.
With a better understanding of the basics, a candidate will learn to accept challenges and come to terms with working under pressure. With a clear perception of the basics of business studies, candidates who study abroad can avail themselves of better career options. Australian colleges offer better scope for industrial projects, giving aspirants opportunities to excel in their respective fields.
Who is Eligible to Take Up Business Analytics in Australia?
Aspirants who wish to pursue a bachelor's degree in business analytics in Australia should pass the following:
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Students should have Math and English as mandatory subjects in the 12th standard examination
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Aspirants must secure 75% or above
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Get a passing score in the entrance exam of the university
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IELTS – 6.5; TOEFL PBT – 570; TOEFL IBT – 79; Pearson’s -58; BE – 4+; CES – qualifying 176 or above
Important Documents:
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Scorecard and certificate of 12th standard
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Letter of recommendation
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Statement of Purpose
Diploma or certificate holders will be given preference. However, the other criteria will depend on an aspirant's university.
Criteria for PG Students in Australia
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Pass a bachelor's degree in the relevant field with 75% or above
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Pass the university's entrance exam
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Have statistics or mathematics as a major subject
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Furnish work experience, elaborating financial responsibilities in the same
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Qualify for an English language test
List of Supporting Documents:
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Resume
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Documents of bachelor's, diploma, and certificate course
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Recommendation letters
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Details of work experience and project documentation, if any
Significant Benefits of Taking Up Business Studies in Australia?
If an aspirant wishes to study abroad, Australia is a well-known center for education, and business analysts get excellent opportunities to learn and excel in their field. There is demand for this skill in the field, and the government is collaborating with tech giants to set up better laboratories and research centers. This is sure to help in the experimental learning scope of students.
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To pursue a master's in business analytics, the University of Melbourne and LaTrobe University are the best options.
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The average pay scale of a business analyst in Australia is much higher than the country's average pay scale.
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The increasing need for strategic skills in business analysis makes it a demanding field for overseas students after completing their master's.
Let us look at other benefits of pursuing business analytics in Australia.
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High Industry Engagement and Good Infrastructure
An aspirant learns to implement various concepts like supply chain, finance, and marketing. There are effective personal programs by some institutions to help aspirants gain confidence. They can also share their crucial ideas with senior mentors and create better connections in the industry.
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Increases Industry Exposure
A study program in business analytics from any Australian university offers exposure to industrial projects. It helps aspirants hone their cognitive skills. By this, aspirants can better interpret data analytics.
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Offers Good Course Schedule
The business analytics course module helps students understand the core of data analytics and how to implement it in various business situations. The course program helps develop better knowledge of the technical aspects of business analytics. An aspirant can evaluate the analytical challenges in business better.
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Wide Employment Options
Most of the top Australian universities offer scopes for internships, immersion programs, study tours, and placements. It is progressive for students who can hone their skills and learn in real-time situations. Aspirants also get the chance to collaborate with tech giants and explore work assignments.
In addition to this, there are benefits to studying in Australia, and it goes as follows:
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Aspirants can enroll in the study program from a reputed university, and completing a diploma will add weightage to the career.
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Australian universities offer a wide range of courses, and choosing business analytics and understanding the core of business.
With a degree in business analytics, an aspirant enters a world of various opportunities. The market requirements are marketing analysis, financial analysis, sales analysis, client services, human resources, accounting analysis, operations analysis, and others.
Top Universities in Australia to Pursue Business Analytics
A list of the best universities to pursue business analytics goes as follows:
1. University of Western Australia: 18 to 24 months – AUD 65,200
2. Deakin University: one to two years – AUD 28,600
3. Monash University: 18 to 24 months – AUD 47,800
4. La Trobe University: 2 years – AUD 35,800 yearly
5. Victoria University: 2 years – AUD 15,500 per semester
6. Western Sydney University: 2 years full-time course and 4 years part-time course; AUD 31,760
7. University of Technology Sydney: 18 months full-time or 3 years part-time; AUD 927 per credit point
Fee Structure and Scholarships for Business Analytics in Australia
Cost of a Bachelor's Degree in business analytics range from 30 000 to 42 000 Australian dollars yearly. Both government and university scholarships are open for international students. The grants are to waive the tuition and accommodation charges to half.
Some scholarships for masters in Australia include the Destination Australia scholarship, the Australia Awards scholarship, and the Endeavour leadership program. It mainly encourages students to explore research options and apply for scholarships for better scope in Australia.
However, the cost of scholarships for masters in Australia depends on the educational institute and its location. Apart from the fee structure, a student should arrange an additional $20 290 AUD to cover living costs. The accommodation costs depend on the type of city one chooses to live in.
The scholarship types can be:
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Australia awards scholarships
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Australia government research training program scholarships
The leading institutes in Australia offer the following:
Name of the Institute |
Scholarship Name |
Scholarship Funding |
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University of Melbourne |
BP Australia Scholarship in business analytics |
AUD 25000 or INR 13.55 lakhs |
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University of Sydney |
Business School's International Scholarship |
AUD 20 000 |
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Victoria University |
VU International Excellence Scholarship |
AUD 3500 for two study sessions and AUD 6500 for tuition fees |
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La Trobe University |
La Trobe College Excellence Scholarships |
Waives 25% of tuition fees |
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RMIT |
Master of Artificial Intelligence Scholarship |
50% off tuition fees |
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Monash University |
Donald Cochrane Scholarship |
AUD 10 000 |
Jobs Opportunites after Business Analytics in Australia
Business analytics skills are in demand and are one of Australia's fast-growing fields. Jobs for international students in Australia with in-depth ideas on business analytics can earn them nearly AU$ 80,000 to AU$ 90,000. Depending on one’s decision and experience, the job of a subject matter expert is also in demand in Australia.
- In Australia, the average salary of a business analyst is AUD 100 000.
- An analyst gets a 13 percent increase in wages every 15 months.
- Business analysts also receive bonuses ranging from 6% to 8% with yearly compensation.
The jobs for international students in Australia include roles such as business analysts, operations managers, operations analysts, corporate strategy analysts, research analysts, and senior business analysts.
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