Masters in Business Accounting, Masters of Accounting, Masters of Management in Accounting, and Masters of Professional Accounting are all available for 1.5 to 2 years at the leading colleges and institutes. According to the top 100 universities globally, Australia has six universities that offer Master’s degrees in accounting.
Types of Accounting Courses in Australia:
In Australia, the education system offers a variety of specialised Accounting Courses in various subjects. The following are the most common accounting study options:
- Diploma in Accounting – This is a six-month course.
- Bachelors of Commerce – This three-year programme allows you to specialise within your stream.
- Graduate Certificate in Professional Accounting – A bachelor’s degree or five years of professional experience is required for this programme.
- Master of Commerce – This is a one-year full-time programme that requires a bachelor’s degree in commerce.
Masters in Accounting:
In any form of business, the stream is the only required position. Accountants are in high demand in the industry. A Master’s degree in accounting would provide you with an edge in growing your career and increasing your chances of acquiring new possibilities. In Australia, it is expected that roughly 84000 new job vacancies will occur in the next several years, at a rate of 16800 jobs per year, which is significantly more than in prior years. Artificial Intelligence (AI) cannot recognise some difficulties in the workplace. This is built on human-like on-time decision-making and synchronising tasks according to requirements, which AI and Machine Learning cannot perform (ML). A Master’s in Accounting, on the other hand, opens many doors that lead to greater heights.
Accounting course fees in Australia:
The cost of studying in Australia varies based on the educational institution. The average price of an undergraduate degree in Australia is AU$30,000 per year. Depending on the supplier and where they are located, the charges range from $20,000 to $40,000. If you prefer a course to a full degree, the cost varies according to the length of the system. International students are eligible for scholarships. These can include partial or complete tuition, airfare, board, and health scholarships, for example, a 25% decrease in tuition costs or a full fee, travel, commission, and health scholarship. These can be found through various government programmes or individual institutions.
Career Opportunities in Australia:
The profession of accounting encompasses a wide range of positions. You can work at an accounting firm, where you’ll most likely specialise in a particular type of business, trust, or case. On the other hand, you might find your calling in tax specialisation, a fast-paced, highly technical job.
Consider the following roles:
- Chartered Accountant
- External Auditor
- Forensic Accountant
- Stockbroker
- Chief Financial Officer
- Tax accountant
- Actuary
- Business Development Manager
- Data Analyst
- Economist
- Management Consultant
- Banker
You might want to work as the CFO of a huge corporation (Chief Financial Officer). This allows you to go deep into a single company’s accounts, understand how the micro affects the macro, and make day-to-day decisions directly impacting the bottom line. Auditor and compliance responsibilities require a deep technical understanding of regulations to ensure that other businesses are fully compliant. This necessitates meticulous attention to detail and the ability to grasp a business fast.
There are also advisory opportunities available, generally available after you’ve worked in the business for a long time. You’ll know what companies do and how they grow, and you’ll be able to advise accordingly. Accountancy also aids in the advancement of other professions. Consider banking, stockbroking, financial planners, and management consultants—the list goes on and on. A degree in accounting will give you a strong financial foundation that will serve you well in any career. Accountancy has a lot of work opportunities and a lot of job security.
Accountancy Salary Expectations:
Salaries will vary depending on your experience, the type of accounting you do, and where you work. Some fields necessitate postgraduate studies, which translates to increased wage expectations. In Australia, the average income for an accountant is $88,000. A qualified junior accountant earns roughly $70,000 per year, whereas a senior accountant earns around $109,000 per year. A forensic accountant or auditor makes an average of $82,000 per year.
There is a lot to say about the island nation that is known for its global academic renown, a diverse range of disciplines, pleasant weather, and safe environment. This is one of the primary reasons why people choose to study in Australia. The country is one of the most pleasant and welcoming places to pursue higher education, with degrees recognised all around the world. The Australian education system places a greater emphasis on practical knowledge, which is one of the most appealing aspects of studying in Australia.
