Discover the Top 20 Universities in Australia for a MS in Economics

Australia is one of the top study-abroad destinations, with nearly six universities featured on the list of top universities worldwide and nine universities in the top 100. Students looking to pursue an MS in economics can consider applying to universities in Australia. High education standards, a relatively high graduate employability rate, cost-effective tuition fees, and research-based courses make Australia one of the best countries to pursue overseas education. Master in Economics in Australian universities is valid for up to two years, even offering specializations like public economics, financial economics, development economics, etc. The article below lists the top 20 Australian universities to pursue an MS in economics.
 

*Looking to study in Australia? Get in touch with Y-Axis to guide you with the process.
 

Why Choose Australia to study Master’s in Economics?

The education system in Australia is ranked third worldwide and is known for its high educational standards. Australian universities offering MS in economics provide a diverse range of economics programs with specializations for students to choose from. Graduating with a Master's in economics from an Australian university can be rewarding, often leading to high-paying job roles such as data analysts, financial analysts, economists, etc.
 

Here are some of the reasons to choose Australia for overseas education:
 

• Top-notch education: Australia is known for its high-quality education, which offers hands-on training in economics programs, data analysis, and other relevant disciplines.
• Specialization options: Universities in Australia offer a diverse range of economics specializations, such as public policy, financial economics, and econometrics. This gives students the freedom to choose their study fields as per their interests.
• Robust Job Market: Students graduating from economics study courses can get high-paying salaries in jobs across sectors such as consulting, finance, etc. Data analysts, financial analysts, policy analysts, data analysts, investment bankers, etc., are some of the high-paying job roles for economic graduates in Australia.
• High Quality of Life: Australia maintains a high quality of life and provides a safe environment for international students. Reports suggest that around 90% of international students feel safe studying in Australia.
• Practical learning environment: Pursuing an MS in Economics in Australia can be a great learning experience, as universities offer both theoretical and practical learning. The programs include internships, research-based projects, and collaborative training with top organizations and industry partners.
   

*Want to apply for an Australian student visa? Sign up with Y-Axis to assist you with the steps.
 

Top 20 Australian Universities to pursue MS in Economics

The table below has the list of top 20 universities in Australia to consider for studying MS in economics:

1. University of Melbourne
2. Monash University
3. Australian National University (ANU)
4. University of Sydney
5. University of New South Wales (UNSW)
6. La Trobe University
7. The University of Newcastle
8. Macquarie University
9. University of Queensland
10. University of Technology Sydney (UTS)
11. Royal Melbourne Institute of Technology (RMIT)
12. Swinburne University of Technology
13. Griffith University
14. Curtin University
15. Deakin University
16. University of Western Australia (UWA)
17. University of Adelaide
18. Flinders University
19. University of Tasmania
20. Southern Cross University
     

*Confused about which university to choose for MS? Avail Y-Axis free career counseling services to help make the right choice!
 

Eligibility to study MS in Economics in Australia 

You must meet certain eligibility criteria to pursue an MS in economics in Australia. Listed below are the requirements to be fulfilled for successful admission to any of the Australian universities:
 

• A Bachelor’s degree in economics or a relevant field
• Have a good academic record with a preferable GPA of 5.0 or 7.0
• Evidence of English language proficiency with a minimum IELTS score of 6.5  
• GMAT/GRE scores (if required)
• Proof of work experience in a relevant field (if needed)
   

Documents required to pursue MS in Economics in Australia

You must have the below checklist of documents while applying for an MS in economics at an Australian university:|
 

• Academic transcripts (mark sheets, certificates, etc.)
• Standardized test scores (GRE/GMAT)
• English language test scores (IELTS/TOEFL)
• Letters of Recommendation (LOP)
• Statement of purpose (SOP)
• Updated resume/ CV
• Proof of funds (bank statements)
• Fee receipt (Application fee payment)
   

Steps to apply for admission for MS in Economics in Australia

You can follow the below steps to apply for an MS in Australia:

Step 1: Research the Australian universities and program options  

Step 2: Once you have finalized the university, arrange the admission requirements as per the checklist

Step 3: Apply for admission into the university of your choice

Step 4: Submit the requirements and complete the fee payment

Step 5: Await the selection process.
 

Post-Study Work Opportunities in Australia

International students can apply for the Temporary Graduate visa (Subclass 485), which allows them to reside and work in Australia for 2-4 years. International students graduating with an MS in economics can avail of the post-study work visa option to gain international work experience and exposure to the Australian job market. The Subclass 485 visa also provides a pathway to permanent residency in Australia, provided you meet the requirements.

*Are you looking for step-by-step assistance with Australian immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy, for end-to-end assistance!