We are Located In:
Dreaming to Study Abroad & Settle Overseas?

Get Free Profile Assessment

    Master of Professional Accounting in Australia: Top Universities, Admission Process & Eligibility Criteria

    Dec 21,2023

    master of professional accounting in australia

    What is Master of Professional Accounting?

    The Master of Professional Accounting (MPA) is a two-year advanced professional accounting degree. Structured for individuals working in finance or accounting, this program prepares them with advanced skills and knowledge to excel in their respective fields. 

    Undertaking the Master of Professional Accounting in Australia offers students the opportunity to forge lucrative careers, with annual salaries ranging from 60,000 AUD to 1,20,000 AUD (equivalent to 36 lakhs to 66 lakhs INR). Numerous leading universities in Australia offer the MPA program during major intakes. 

    Opting for the MPA in Australia provides a competitive advantage, as it is included in the skilled occupations list by the Australian government’s Home Affairs department. This enhances the likelihood of securing employment in Australia and facilitates the possibility of staying in the country after completing the program. 

    Top Reasons to Study Master of Professional Accounting in Australia

    • The need for accounting professionals in Australia has increased dramatically, with a notable 34% rise in job vacancies compared to the previous year.
    • Australia requires 30,000 professionals in accounting, auditing, and finance within the next three years to fulfill the increasing demand.
    • Seven Australian universities that provide Master of Professional Accounting (MPA) programs are globally ranked among the top 100 universities, making Australia an excellent choice for studying the program.
    • In addition to scholarships offered by Australian universities, the Australian Government has allocated over 300 million AUD for international students.
    • The Master of Professional Accounting in Australia holds global accreditation and is acknowledged and accepted worldwide.
    • Upon finishing the Master of Professional Accounting (MPA), you will be granted a work permit lasting 2-3 years, and the MPA is among the prominent courses offering favorable opportunities for Permanent Residency (PR) in Australia.
    Get a Free Assessment Now!

    Overview: MPA in Australia

    MPA in Australia is a 1.5 to 2 Years long program. This course is well-suited for individuals working in finance or accounting, providing them with advanced skills and knowledge to thrive in their fields. This program typically focuses on financial management, auditing, taxation, and other specialized areas within accounting. MPA programs aim to prepare students for roles as professional accountants, providing a comprehensive understanding of accounting principles, financial reporting, and business practices. Many renowned universities in Australia offer this program during their major intakes (February, July, and November) of the academic year. Graduates of MPA programs are well-positioned for careers in accounting firms, corporations, government agencies, and other organizations requiring financial expertise.

    Major Subjects to Study Under MPA in Australia

    The Master of Professional Accounting in Australia has subjects focusing on essential areas like management, finance, and auditing. The core MPA subjects aim to establish a robust foundation for students in these crucial fields.

    1. Accounting and Finance
    2. Current Developments in Accounting Thought
    3. Accounting Information Systems
    4. Decision Support Tools
    5. Accounting System and Processes
    6. Auditing
    7. Economics for Business
    8. Business and Corporations Law
    9. Taxation Law
    10. Management Accounting for Costs and Control

    Top Universities in Australia for Masters in Professional Accounting

    Selecting the right university for your Master of in Professional Accounting in Australia is crucial for a successful academic and professional journey. If you are an aspirant planning to study MPA in Australia, consider reputable institutions that are recognized for their quality programs, experienced faculty, and strong industry connections. Exploring these options can help you make an informed decision for a successful MPA journey and future career in accounting.

    Sr. NoName of UniversityQS World Ranking for MPAProgram Offered
    1University of Sydney24Master of Professional Accounting and Business Performance 
    2University of New South Wales 20Master of Professional Accounting
    3Monash University34Master of Professional Accounting
    4Australian National University41Master of Professional Accounting
    5University of Queensland53Master of Commerce (Professional Accounting)
    6University of Adelaide101-150Master of Professional Accounting
    7University of Western Australia101-150Master of Professional Accounting
    8University of New Castle201-250Master of Professional Accounting
    9University of Technology Sydney=76Master of Professional Accounting
    10Deakin University101-150Master of Professional Accounting
    Click to Explore Top Universities for Masters in Pofessional Accounting in Australia

    Master of Professional Accounting in Australia: Admission Process

    Eligibility Criteria for Master of Professional Accounting in Australia

    To seek admission to the Master of Science program in Professional Accounting at an Australian university, you need to fulfill a specific set of criteria. It’s important to know that these requirements may differ among universities. Therefore, it is advisable to verify the specific prerequisites of the university to which you are applying.

    • A bachelor’s degree in a related field is necessary. However, certain universities may consider applicants with a bachelor’s degree in a different discipline. In such cases, additional criteria must be met by students with a non-relevant bachelor’s degree.
    • Language proficiency test results at least 6.5 in the IELTS or TOEFL to meet minimum scores set by the applied university.
    • Regarding academic qualifications, the majority of universities require students to achieve a minimum of 60% in their undergraduate degree.
    • Top universities also require a GMAT score for admission in MPA program.
    Check Your Eligibility to Study MPA in Australia Now!

    Documents Required for MPA in Australia

    Apart from meeting the eligibility criteria, you must also provide the following documents as a part of your application process for admission in the MPA program. Here is a list of documents to prepare for admission in university and Australia Student visa:

    • Marksheets, transcripts, certificates of previous studies
    • LOR (Letter of recommendation) from professors, previous employers
    • Language proficiency test results IELTS/ TOFEL
    • Statement of purpose
    • GMAT test report

    Cost of Studying Master of Professional Accounting in Australia

    The annual expenses for pursuing an MPA in Australia vary, ranging from AUD 23,000 to AUD 55,000. To pursue MP in Australia economically, international students are advised to do their research thoroughly and carefully select the university for their program. Here is a table describing the approximate tuition fees in the top-most universities in Australia.

    MPA Universities in AustraliaApproximate Tuition fees (per year)Duration of the Program
    Australian National University$49,0001.5 Years
    University of Sydney$47,0002 Years
    Monash University $45,8002 Years
    University of Queensland$44,2002 Years
    University of Adelaide$44,0001.5 Years

    For students looking for affordable alternatives, there are other universities in Australia offering MPA at reasonable tuition fees. Here is the list of affordable universities offering master of professional accounting in Australia:

    1). Australian Catholic University

    2). University of Southern Queensland

    3). University of Canberra

    4). Charles Stuart University

    5). Torrens University

    All the above-listed universities offer MPA course in Australia at affordable cost, making it feasible for foreign students willing to study in Australia.

    Scholarships Options to Study MPA in Australia

    When students contemplate the costs of pursuing higher education abroad, Australia is often their first consideration. The Australian government actively promotes the enrollment of international students in Master of Professional Accounting (MPA) courses at its universities. To facilitate this, a range of scholarship opportunities is provided to students arriving from overseas, aiming to make a high-quality education reasonable to them. Some of the scholarships can waive 50-100% of tuition fees for eligible applicants. Here is the list of scholarships offering master of professional accounting in Australia for international students.

    • Australian Merit-based Scholarships for Nepalese Students in Australia
    • Destination Australia Scholarship
    • Global Citizens Scholarship
    • Dean’s International Scholarship
    • Deakin Scholarship for International Students
    • International Student Merit Stipend
    • International Student Support Scholarships in Australia
    • University of Canberra International Merit Scholarships in Australia
    • VU International Excellence Scholarship
    • UNSW International Scholarships
    • International Tuition Fee Scholarship
    • Melbourne Graduate Scholarships
    Apply Now for an Australian Professional Accounting in Master’s Program!

    Career Prospects After Studying MPA in Australia

    A Master of Professional Accounting in Australia opens doors to a wide range of career opportunities in the dynamic field of accounting and finance. Graduates with this qualification are in high demand, given the country’s robust economy and the increasing need for skilled professionals. Additionally, Australia’s welcoming immigration policies offer the potential for long-term career prospects and residency. Mentioned below are some of the in-demand occupations for students with a degree in MPA in Australia.

    • Financial Accountant
    • Accounts Officer
    • Private Tax Director
    • Public Accountant
    • Management Consultant
    • Accounting professors and lecturers
    • Financial professionals
    • Auditor
    • Budget analyst
    • Commercial Finance Analyst
    • Senior Tax Accountant

    The Master of Professional Accounting (MPA) in Australia equips students with technical, analytical, and practical skills, preparing them to address accounting and finance challenges in decision-making. This program enhances business acumen, enabling graduates to excel as accountants or financial professionals. A few years of experience in this role can help you earn over AUD 80,000 and will open doors for permanent residency through a 2-3-year work permit.

    Need assistance in finding the right university to pursue MPA in Australia? Get in touch with the expert team of study abroad consultants at Aspire Square.

    Get a Free Assessment Now!

      Contact Us

      Newsletter

      Make sure to subscribe to our newsletter and be the first to know the news.

      Latest Posts

      FAQs

      01 What is the primary difference between Accounting and professional accounting in Australia?

      An accounting program in Australia primarily concentrates on specific accounting practices essential for launching a career in Financial Accounting, Accounting Information Systems, and Taxation. Moreover, it imparts diverse management skills to students, enabling them to apply these skills effectively in real-world accounting settings throughout their careers.

      02 What are the requirements for eligibility to pursue a Master of Professional Accounting in Australia?

      To pursue a Master of in Professional Accounting in Australia, you need a bachelor’s degree in related subjects with an average score of approximately 60-65% WAM. Additionally, international students must provide language proficiency results, such as IELTS with a score of 6.5 or the minimum score in TOEFL as set by the university.

      03 Is it a prerequisite to have a background in Accounting when applying for a Master of in Professional Accounting in Australia?

      Certainly, the majority of Australian universities prioritize candidates with an undergraduate degree in Accounting, Commerce, or a closely related field for admission to the MPA program.

      04 What is the salary of Masters in Professional Accounting in Australia?

      A Master’s in Professional Accounting has the potential to yield an average annual salary ranging from 65,000 AUD (36 Lakhs) to 1,20,000 AUD (66 Lakhs).

      05 Why to choose masters of Professional accounting in Australia?

      If you have a background in a different field but possess strong analytical skills and aim to become a professional accountant, pursuing this Master’s degree could be highly advantageous. Consider Australia as an ideal destination for your studies, offering the opportunity to secure lucrative employment prospects upon finishing the course.

      Written By

      Dalia Avasthi

      Dalia Avasthi is the Student Visa Head in Aspire Square and has an expertise in counseling, mentoring, and processing within the Student Department. Her specialization lies in her knowledge of countries like Canada, Australia, UK, USA, and New Zealand. With more than 10 years of experience within the industry. She is a trusted and valuable asset of Aspire Square.

      Comments:

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      Video Button Book Online
      Video Counselling