Studying economics in Australia will give you an all-around knowledge of modelling and economic theories. Additionally, you will be able to build a career in economics by solving economic and financial challenges in a multidisciplinary environment. With the degree you gain in Australia, you can make a career in areas such as healthcare, global economy, business and management, health leadership, etc. Studying economics in Australia will give you a solid foundation in various contexts such as financial investments, production taxes, government expenditure and policies.

However, to get an opportunity to study economics in Australia, you must meet the eligibility criteria. This piece will give you the list of requirements that are needed for studying economics in Australia.

Requirements to Study Bachelor’s of Economics in Australia

1. Complete your Secondary Education

   You must have completed your secondary education before you can study economics in Australia. Additionally, you should have a strong foundation in subjects such as mathematics, accounting, calculus and English in your high school results. Therefore, you must have completed 12 years of education or equivalent. However, this can differ across universities in Australia.

2. Meet the ATAR minimum score

   The Australian Tertiary Admission Rank(ATAR), is a ranking of the aggregate of your year 12 results. The minimum score for most universities in Australia to study economics ranges from 60-80%. However, you need to verify from your particular school of choice to know the required ATAR score.

3. English Proficiency Test

   You must write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. It can be tests such as IELTS, or TOEFL. This test can vary based on the university you apply to. Additionally, each school will have the minimum score you should have in the English test. The minimum score for IELTS is 6.0.

4. Have Academic Transcripts

   You must submit an academic transcript of your previous education. This transcript must contain all your courses and grades that you have studied. Additionally, this transcript must be an official one and it must be written in English.

5. Have Reference Letters

   You must submit at least two reference letters during your application. This reference letter should be from a teacher or an employer. Therefore, reference letters from friends or family will be rejected.

6. Statement of Purpose

   Some schools in Australia may require you to write a statement of purpose. This is an essay that explains why you want to study economics in Australia and your career plans. Additionally, you should check the school’s website to know the amount of words that you are required to write in your statement of purpose.

Requirements to Obtain a Master’s in Economics in Australia

1. Obtain a Bachelor’s Degree

   You must have a bachelor’s degree before you can study master’s in economics in Australia. This bachelor’s degree must be a 4-year program from a recognised university. Additionally, this bachelor’s degree must be in a business administration or related field. Additionally, you must submit your academic transcript showing all the grades and courses you offered.

2. Write the GMAT

   You will be required to write a GMAT before you get admitted to study economics in Australia. Additionally, the average GMAT score you should have is between 600–630.

3. English Proficiency Test

   You must write an English Language proficiency test if English is not your first language. Additionally, you must show proof of your English proficiency test. The minimum score for IELTS is 6.5. However, the test and test scores can vary depending on your country and Australian university.

4. Write a Statement of Purpose

   You must write a statement of purpose explaining your qualifications, your plans as well as the reason for choosing to study economics in Australia. Additionally, this essay must be 1-2 pages long.

5. Letters of Recommendation

   You must submit at least three recommendation letters during your application. These letters must be obtained from an employer or a previous lecturer. Therefore, recommendation letters from a friend or family will be rejected.

6. Submit your CV

   Your CV should contain all the relevant work experiences as well as all the relevant certifications you have in this field.

How to Apply

You can apply to study economics in Australia through the university’s website. Additionally, you need to go through the school’s website and verify the requirements needed by your school of interest. Therefore, you can apply for the undergraduate program as well as the postgraduate degree.

Duration

The duration for studying economics in Australia can vary based on the program of your choice and the University. The Undergraduate program that will offer a bachelor’s degree lasts for a minimum of 3-4 years of full-time study. However, a postgraduate program that will offer a master’s degree takes 1 to 2 years of full-time study.

Tuition Fee

The tuition fee for studying economics in Australia varies based on each University and the program. Overall, the average tuition fee for the bachelor’s program is 25,000 AUD to 45,000 AUD annually. Additionally, the average tuition fee for a master’s program is 30,000 to 60,000 AUD. However, international students will be required to pay higher than this for both programs.

Universities in Australia that Offer Economics

1. University of Sydney, Sydney
2. University of Melbourne, Melbourne
3. Australian National University, Canberra
4. Monash University, Clayton
5. University of Queensland, St Lucia
6. University of New South Wales, Sydney
7. Griffith University, Brisbane
8. Queensland University of Technology, Brisbane
9. Deakin University, Geelong
10. University of Western Australia, Crawley
11. University of Adelaide, Adelaide
12. Macquarie University, Sydney
13. University of Technology Sydney, Sydney
14. La Trobe University, Melbourne
15. University of Wollongong, Wollongong
16. Curtin University, Perth
17. University of Newcastle, Callaghan
18. University of South Australia, Adelaide
19. Western Sydney University, Penrith
20. Flinders University, Adelaide
21. RMIT University, Melbourne
22. University of Tasmania, Hobart
23. James Cook University, Townsville
24. University of New England, Australia, Armidale
25. Charles Sturt University, Bathurst
26. Swinburne University of Technology, Hawthorn
27. University of Canberra, Canberra
28. Murdoch University, Murdoch
29. University of Southern Queensland, Toowoomba
30. Edith Cowan University, Joondalup
31. Victoria University, Melbourne
32. Central Queensland University, North Rockhampton
33. Australian Catholic University, North Sydney
34. Bond University, Gold Coast
35. Southern Cross University, Lismore
36. Charles Darwin University, Darwin
37. University of the Sunshine Coast, Sippy Downs
38. Federation University Australia, Ballarat
39. University of Notre Dame Australia, Fremantle

In Conclusion, studying economics in Australia can come with effective screening procedures for most universities. Therefore, you must make your plans ahead and prepare every necessary document that is required. Additionally, you must confirm via the school’s website before applying. Finally, if you have any further questions or need assistance, please contact us. 

Good luck!

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