Master of Accounting at the University of Melbourne

The University of Melbourne is offering a 2- year master’s program in Accounting. Melbourne’s Master of Management (Accounting) has been specifically designed for students without previous studies in accounting or business.

Program Overview

Accounting and performance information is a key driver of business decision-making. Accounting professionals today need to be leaders in technology, data analysis, and accounting systems to develop and communicate fundamental insights that add value to firms and organizations. 

The master's in Accounting program at Melbourne is designed so graduates have the technology and analytical skillset to be equipped for a wide range of employment opportunities. The program will qualify the student to work in a broad range of careers including the Big4 firms, consulting and professional service firms, smaller accounting firms, the finance sector, and the corporate sector.

Acquired Skills

The skills that the student will learn in the Master of Management (Accounting) include applied software skills and the latest data analysis techniques to enable the identification of the key drivers of business profitability.

The specialist skills that the student will develop in the Master of Management (Accounting) include:

• Business technology to capture, store and visualize data
• Preparation of financial and business reports using applied software
• Financial statement analysis including the use of data analytics
• Strategic cost consulting and management for industry
• Reporting and analysis tools to effectively manage businesses
• Assurance and risk assessment

Admission Requirements

In order to be considered for entry, candidates must have completed:

• An undergraduate degree in any discipline, or equivalent; and
• A personal statement outlining why they wish to be considered for the course.

English Language Requirements

The University of Melbourne has a set of English language requirements that all applicants must meet. If the student has completed a previous degree that was taught and assessed entirely in English he does not have to undertake a test.

Minimum scores and tests accepted

For English language tests, the University of Melbourne requires documentary evidence of having obtained the minimum scores within the previous 24 months.

• IELTS: 6.5 (with no band less than 6.0)
• TOEFL (paper test): 577 with TWE 4.5
• TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13
• Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50

Selection Criteria

In ranking applications, the Selection Panel will consider:

• Prior academic performance (a University of Melbourne equivalent 65+ weighted average mark will be considered);
• The personal statement; and
• An interview or any other evidence required by the Panel (if required).

Course Structure

The program is offered as a 2-year, or 1.5-year full-time option (part-time equivalent available for domestic students) if the candidate has previously completed an undergraduate degree in business, commerce, or a related discipline.

200 Point Program

The Master of Management (Accounting) 16 subject program consists of:

• 5 foundation subjects (4 foundation subjects to be completed in the first semester of study and 1 constrained-choice foundation subject to be completed in the second semester of study)
• 9 discipline core subjects
• 1 general elective (chosen from the Master of Management list of electives)
• 1 capstone subject (completed in the final semester of study)

150 Point Program

The Master of Management (Accounting) 12 subject program consists of:

• 1 foundation subject (completed in the first semester of study)
• 9 discipline core subjects
• 1 general elective (chosen from the Master of Management list of electives)
• 1 capstone subject (completed in the final semester of study)

Tuition Fees

The annual tuition fees for international students registered at the master’s program in Accounting are as follows:

• USD $65,942 Indicative first-year fee
• USD $135,179 Indicative total course fee

Scholarships

The University of Melbourne offers a number of scholarships to support the study of talented international students enrolled at the university in undergraduate and graduate programs. Such as the following types of support:

• Merit-based scholarships of A USD $7,159 for new and continuing international undergraduate and graduate coursework students.
• The Melbourne Welcome package - a one-off USD $2,864 grant to support new and current international students returning to Australia. Designed to ease the burden of international travel costs and assist students with information for getting settled and connected in the university’s local community.