Why Studying Business and Economics in Australia Matters
The reason why so many students apply in business school is the opportunity for networking it provides. If you study in a business school abroad, you can make international connections which can be useful for your career in business. If you are thinking about studying business and economics, the international academic reputation of Australian universities in business and economics is excellent so it can provide you with the exposure and skills required to excel in your career.
When choosing to invest in an international university, you need to do proper research and choose the one that meets your needs and helps you progress as a professional. In this guide, we will explore top-rated Australian universities for business and economics degrees so that you can make the right choice at the right time.
Top Australian Universities for Undergraduate Business and Economics Programs
According to QS World University Rankings by Subject 2022: Business and Management Studies, the following is the list of top Australian universities for these subjects
- The University of Melbourne (34th in the world)
- The University of New South Wales (44th in the world)
- The University of Sydney (47th in the world)
- Monash University (52nd in the world)
- The University of Queensland (76th in the world)
QS World University Rankings by Subject 2022: Economics and Econometrics ranks universities for studying Economics as follows:
- The Australian National University (33rd in the world)
- The University of Queensland (76th in the world)
- University of Technology Sydney (127th in the world)
- Curtin University (151-200 in the world)
- Deakin University (151-200 in the world)
It is important to remember that QS ratings uses a methodology based on academic reputation, employer reputation, number of citations, the international research network and H-index (the effect of the author’s research output). These factors might not be followed by other international ranking authorities so rankings and ratings of Australian universities for business and economics should not be the only criteria for choosing a university for yourself.
Criteria for Evaluating the Best Australian Universities in Business and Economics
When you choose a world-class university to study in, you increase your opportunity to get exposed to the smartest people from around the world and perform innovative research with the facilities available on campus. Your success in your future career depends on which university you go to and how well you perform there. However, the reputation of the university should not be the only deciding factor for your choice. Instead, you should consider a combination of factors, like the ones discussed below. It can be hard to take into account all of these things so consider booking a session with our mentors in order to make a sound decision.
Rankings and Ratings of Australian Universities for Business and Economics
In this article, we have only mentioned the QS ratings in order to evaluate the top 5 universities for each subject but there are other rankings out there as well. The most popular and reliable ones are as follows:
- Times Higher Education (THE) World University Rankings 2019 by Subject Business and Economics
- US News Best Global universities for business and economics in Austria
- Shanghai Ranking
Faculty Qualifications and Experience at Australian Universities for Business and Economics
If you are someone who is interested in research and finding new knowledge, you have to look up the faculty of the university you are applying to and whether their profiles match with your interests.
Campus Facilities for Business and Economics Students in Australian Universities
The facilities required for business and economics are not like scientific machinery so the only things you’d be coming across during your research would be auditoriums, conference rooms, etc.
Student Resources for Business and Economics Students at Australian Universities
All kinds of research require resources and data and these are not accessible by everyone. The university’s archives and library should have sufficient and latest resources for students to study the topic of their choice.
Internship and Work Experience Opportunities for Business and Economics Students in Australian Universities
Universities that offer you opportunity to work during your coursework are very useful for commerce students because what they need is a direct and hands-on experience of the market. When they are pushed to grow, it makes them stand out from the rest of their peers and gives them a competitive edge when they apply for jobs.
Industry Partnerships of Australian Universities in Business and Economics
Industry partnerships can be used to collaborate with business students in order to solve real life challenges so that students are taught to think out of the box.
Alumni Network and Career Outcomes of Australian Universities in Business and Economics
Business thrives on connections and collaborations and going to a renowned business school gives you the chance to network with people from all around the world who are interested in the business sector. Choosing a reputable university would also expose you to curious and innovative individuals who will be your alumni network. You also have to look at the employability rate of the graduates when choosing the university as you can see how it fares among the employers in the world.
Affordability and Scholarships for International Students in Australian Universities for Business and Economics
This is another important factor that you must consider when applying for universities. You might be choosing a university that would be the best for your career and would yield a high salary in some years but you have to consider whether you can go through the financial constraints while studying in the university if it’s too expensive for you and your family.
Student Satisfaction and Retention Rates of Australian Universities in Business and Economics
Retention rate is a factor that you must consider when you are exploring your options because if it is too low, it shows student dissatisfaction and is a bad reflection for the university.
Flexibility and Online Learning Options for Business and Economics
If you can study the degree online, it would save a lot of time and money for you and through a self-regulated pace, you can pursue higher education while focusing on other areas of your life (like balancing your time in a part time job)