MIM in Australia - Colleges, Fees, Requirements

The Masters in Management in Australia provides foundation training in a variety of business and management disciplines and specialist training in marketing. This course enables students to develop, implement and control marketing programs, and work closely with managers in other functional areas. MIM cost to study in Australia is around INR 6 L – INR 48 L per year 

Total no. of MIM Colleges in Australia are 85. After USA and UK, Australia is the most popular destination for higher education. Australia offers a great job market for fresh graduates and a better salary. You get to stay up to 2-4 years post-study in Australia to seek work. The average salary for the MIM graduate in Australia is AUD 85,000 (INR 54.75 L) per year. Exams required to pursue MIM in Australia are IELTS/TOEFL, GMAT, etc. Let us check the important details to study MIM in Australia such as academic requirements, top colleges, tuition fees, etc. 

Read about- Study in Australia for Indian Students

Why Study MIM in Australia?  

Australia has many opportunities for MIM students. MIM in Australia program has a vast research component which gives the students valuable research experience. Research themes within this department are Strategic Management & Innovation, Leadership, International Business, etc. Below are top reasons why Australia could be a dream destination for students-  

• Flexibility of Subjects- In Australia, there are various options available under MIM from- Finance to Project Management, Supply Chain, HealthCare & Hospital, etc. 

• English Taught Programs- All programs in Australian universities are offered in English which makes it easier for international students. 

• Long-term sustainability in job market- MIM Australia build flexible skills such as management, analysis, leadership, etc.

Read about- Top 10 Highest Paying Jobs in Australia

Top MIM Degree Courses in Australia for Indian Students 

MIM is all about chasing specializations. International students get to choose between a variety of management courses in Australia, which are offered by the best colleges for master's in Australia. Every university would allow students studying for a MIM degree to choose from a variety of optional modules. Finance and Sales & Marketing are among the popular specializations in the country for international students. International students can pursue the MIM degree in Australia in further multiple specializations. 

Best 10 MIM Specialisations in Australia 

Listed below are the top MIM Specialisations in Australia for Indian students: 

Finance	Business Analytics
Sales & Marketing	Business Economics
International Business	Supply Chain
Project Management	HealthCare & Hospital
Human Resource	Public Policy

Top Universities for MIM in Australia  

There is a high demand for Master of Management in Australia due to the country being home to some of the world's top colleges for the course. According to THE Rankings for Business and Economics, Australia is home to 6 top universities out of top 100 in the world which offers this program. According to THE Rankings, metrics on which universities are ranked are Teaching, Industry, International Outlook, Research Environment and Quality.  

Best 10 Masters in Management Colleges in Australia 

The overall world university ranking for subject – PG Business and Economics as per Times Higher Education rankings 2026 along with Shiksha Popularity Ranking for Australia MIM in 2026 are as follows: 

Universities	Shiksha Popularity Ranking 2026 (MIM)	THE Rankings 2026 (Business and Economics)
The University of Melbourne	#1	#32
The University of Sydney	#2	#52
University of Technology, Sydney	#3	#126-150
University of New South Wales	#5	#88
Macquarie University	#6	#101-125
Monash University	#7	#58
The University of Queensland	#8	#56
University of Wollongong - Australia	#9	#176-200
Australian National University	#10	#70
La Trobe University	#11	#201-250

Also read- Top MIM Programs in the World

MIM in Australia Eligibility  

Universities in Australia either have rolling admissions or fixed admission deadlines. Candidates are required to check the university website or get in touch with our Shiksha Counselling Services for assistance with the admission process to Australian Universities. Below mentioned is eligibility criteria for Master in Management Australia that international students must take of before filling the application form of university in Australia-  

• Undergraduate Degree- UG Degree in any field. International students are expected to have minimum of 60% - 75% in their bachelor's to get admitted to any good university in Australia.   

• CGPA- Minimum CGPA of 6.0 - 6.5 out of 10 is required. Some universities like ANU, University of Melbourne may ask for higher CGPA.   

• English Language Requirement- Language proficiency test like IELTS, TOEFL, PTE, Duolingo are mandatory for Master of Management Australia. Australian universities accept minimum score of- 6.5 in IELTS, about 79-90+ in TOEFL, around 58-64+ in PTE, etc.   

Masters in Management in Australia Requirements for International Students  

Candidates applying for Masters in Management Australia are advised to apply early as there are many elements attached to the application process. Getting your academic profile ready, credentials in order, finances, scholarships and English proficiency tests are a few of the entails that are part of the admission process. The academic requirements to study MIM from Australian Universities are given as follows:  

• IELTS/TOEFL 

• Bachelor’s Degree 

• GMAT 

• Statement of Purpose (SOP) 

• Interview 

• Letter of Recommendations (LOR) 

Refer the video below to know about student life in Australia-

MIM in Australia Cost 

The tuition fee for MIM in Australia depends upon the university you choose and the specialization you take. Yet we provide an expected figure for tuition fees and living costs in Australia. Also, Public universities in Australia charge lower tuition fee as compared to private universities. On average, the tuition fee for MIM in Australia can be expected to be in the range of INR 6 L – INR 48 L per academic year. Table below lists the top universities in Australia with their tuition fee, where Carnegie Mellon University - Australia is the most expensive in terms of tuition fees, followed by The University of Melbourne and Bond University: 

Top Universities offering MIM in Australia	Tuition fees
The University of Melbourne	INR 29 L - INR 45 L
The University of Queensland	INR 19 L - INR 35 L
The University of Sydney	INR 27 L - INR 35 L
Monash University	INR 21 L - INR 36 L
University of New South Wales	INR 22 L - INR 42 L
Australian National University	INR 27 L - INR 34 L
Curtin University - Australia	INR 10 L - INR 24 L
Macquarie University	INR 19 L - INR 29 L
University of Wollongong - Australia	INR 20 L - INR 25 L
Carnegie Mellon University - Australia	INR 48 L

Living Expenses  

The living cost depends upon your lifestyle and the type of accommodation you choose. The cost of living in Australia on average can be expected to be in the range of INR 20 L - INR 30 L per year. Cost of studying Masters in Australia also includes transportation, accommodation, food and others. Mentioned below are living expenses while studying in Australia-  

Expenses in Australia	Annual cost
Accommodation	AUD 7,000 – AUD 18,000 (INR 4.50 L – INR  11.59 L)
Food & Groceries	AUD 4,000 - AUD 10,000 (INR 2.57 L - INR 6.44 L)
Transportation	AUD 1,000 - AUD 2,500 (INR 64.4 K – INR 1.61 L)
Health Insurance	AUD 550 - AUD 850 (INR 35.4 K - INR 54.7 K)
Utilities	AUD 1,200 - AUD 2,400 (INR 77.3 K – INR 1.54 L)
Personal Expenses	AUD 2,000 - AUD 4,000 (INR 1.28 L – INR 2.57 L)

Read more about- Australia Student Visa Requirements, Processing Time, Fees

Scholarships for MIM in Australia 

The Australian government has invested more than AUD 300 million in scholarships for international students. Scholarships are available at the university level as well. All Australian universities recognize talent and they value this talent by providing merit-based scholarships that can be found listed on the official website of universities. Candidates can check out the list of Australia scholarships on Shiksha website. 

• K.C. Mahindra Scholarships For Post-Graduate Studies Abroad- Applicable for students applying for master’s in Australia. This covers: 

         -Tuition Fee 

         - Max scholarship amount per student- INR 10,00,000 

• J.N. Tata Endowment Loan Scholarship - This scholarship is applicable for Masters Degree, PhD. This covers: 

         - Tuition Fee 

         - Scholarship amounts range between INR 1 L and INR 10 L 

• Young Women in Public Affairs Awards- Applicable for students applying for master’s which in Australia. This covers: 

         -Tuition Fee 

        - Scholarship amount of INR 4,27,500 

         -Just for women 

Job Opportunities After Masters in Management in Australia 

Graduates after completing an MIM in Australia end up with attractive opportunities and salaries as per their level of experience and skillset. Australian universities put great emphasis on making a student industry ready. When coming to job aspects in Australia after MIM, candidates who have successfully graduated can expect average starting salary of AUD 85,000 (INR 54.75 L) annually. The table below mentions the average salary of some of the popular job roles after MIM in Australia- 

Jobs	Average Salary
Project Manager	AUD 95,073 (INR 61.26 L)
Marketing Coordinator	AUD 57,476 (INR 37.02 L)
HR Manager	AUD 93,508 (INR 60.23 L)
Project Engineer	AUD 82,441 (INR 53.10 L)
Accountant	AUD 69,767 (INR 44.94 L)

Struggling to choose between MBA and MIM? Check out the below video for more information:

Kanishka Gambhir02-11-2026 15:33