Economic Excellence Down Under: Pursuing a Master’s in Economics in Australia

Introduction

Embarking on a journey to pursue a Master’s in Economics in Australia is a strategic move towards academic excellence and a thriving career. Australia, known for its easy and affordable tuition fees, offers a conducive environment for aspiring economists. This blog delves into the reasons why choosing Australia for a Master’s in Economics is a smart decision and provides valuable insights into the top universities and eligibility criteria.

Why Choose an MS in Economics in Australia?

1. High-Quality Education:

  • Australia boasts top-tier universities globally renowned for their exceptional economic studies programs, ensuring students receive the best education to launch successful careers.

2. Research-Based Courses:

  • Universities in Australia excel in offering research-oriented economic courses, providing students with the opportunity to collaborate with seasoned economists and contribute to advanced research.

3. Excellent Job Opportunities:

  • With a robust economy and a high demand for economic graduates, Australia provides excellent job prospects. A Master’s in Economics from an Australian university is recognized worldwide.

Top 20 Universities in Australia for MS in Economics

UniversityTuition Fee (AUD)Rank in Australia
University of Melbourne45,288 – 91,8241
University of New South Wales43,680 – 85,4402
The University of Sydney48,500 – 57,0003
Monash University44,000 – 45,0004
The University of Queensland45,696 – 46,1125
The University of Western Australia37,000 – 38,0006
The University of Adelaide43,500 – 44,5007
RMIT University35,520 – 37,4408
The University of Newcastle37,920 – 39,6809
Curtin University36,000 – 37,00010
Queensland University of Technology40,300 – 41,80011
Deakin University35,200 – 37,70012
Griffith University31,500 – 35,50013
Swinburne University of Technology33,300 – 34,50014
The University of Technology Sydney35,160 – 38,94015
Victoria University29,000 – 35,00016
Edith Cowan University28,800 – 36,60017
University of Wollongong31,440 – 34,32018
Murdoch University31,200 – 34,40019
University of South Australia31,200 – 34,40020

Eligibility for Pursuing MS in Economics in Australia

To pursue an MS in Economics in Australia, applicants must meet the following eligibility criteria:

  1. Hold a bachelor’s degree in economics or a related field with a minimum score of 65%.
  2. Provide proof of English language proficiency.
  3. Maintain a minimum GPA of 3.0 on a 4.0 scale.

Requirements for Pursuing MS in Economics in Australia

The general documents required for admission include:

  1. A subclass 500 visa application.
  2. Confirmation of Enrolment.
  3. English language proficiency test scores.
  4. Proof of financial support for tuition fees and living expenses.
  5. Overseas Student Health Cover (OSHC).
  6. Passport size photographs.
  7. A valid passport.

Steps to Apply for Admission

To apply for admission at an Australian university:

  1. Conduct research on universities and select one based on your goals.
  2. Review admission requirements and ensure they are met.
  3. Apply online before the deadline through the official website.
  4. Submit required documents to support your application.
  5. Wait for the selection process, and if selected, attend any required interviews.

Post Study Work Opportunity in Australia

Australia offers a compelling post-study work opportunity, allowing graduates in economics to work for 2 to 4 years. This valuable experience enables graduates to integrate into their field and build a strong professional network.

Closure

Pursuing a Master’s in Economics in Australia opens doors to a plethora of opportunities in the dynamic field of economics. With top universities providing high-quality education and a welcoming atmosphere, Australia stands as a prime destination for ambitious economists. If you are considering advancing your education in economics, Australia offers a brilliant choice for a fulfilling and rewarding academic journey.