Australia has become one of the most preferred destinations for accounting aspirants worldwide – and for good reason. A masters in accounting Australia not only builds strong financial expertise but also opens doors to global certifications like CPA and long-term career opportunities.

If you’re planning to study accounting abroad, this guide covers everything – eligibility, top universities, CPA Australia pathway, fees, and salary prospects – so you can make an informed decision.

Why Choose a Masters in Accounting in Australia?

A Master’s in Accounting in Australia is more than just a degree – it’s a professional launchpad.

Key Benefits

• Globally recognized degree with strong industry relevance
• Direct pathway to professional bodies like CPA and CA
• High employability in finance, auditing, and consulting
• Post-study work visa opportunities
• Exposure to international accounting standards (IFRS)

Australia’s accounting programs are designed with industry integration, ensuring graduates are job-ready from day one.

What is a Masters in Accounting in Australia?

Simple Definition

A postgraduate program that builds advanced knowledge in financial reporting, taxation, auditing, and business analytics.

Advanced Perspective

It is a professionally accredited qualification aligned with bodies like CPA Australia and CA ANZ, enabling students to transition into certified accountants.

Course Duration

• Typically 1.5 to 2 years full-time

Eligibility for Masters in Accounting Australia

Understanding eligibility is crucial before applying.

Academic Requirements

• A Bachelor’s degree (any discipline accepted in many universities)
• Minimum GPA (varies by university)
• Some universities accept non-accounting backgrounds

Example:

• A bachelor’s degree with minimum GPA requirement is commonly needed for admission

English Language Requirements

• IELTS: 6.5–7.0 overall
• TOEFL / Duolingo also accepted

Additional Requirements

• Statement of Purpose (SOP)
• Academic transcripts
• Resume (for some universities)

Top Accounting Universities in Australia

Here are some of the best institutions offering accounting programs:

Tier 1 Universities

• University of Melbourne
• UNSW Sydney
• University of Sydney
• Australian National University (ANU)

Tier 2 Universities

• Monash University
• University of Queensland
• Macquarie University
• RMIT University

Affordable Options

• Griffith University
• Deakin University
• University of South Australia

These universities offer CPA-accredited programs, which are essential for professional recognition.

Accounting Course Australia Fees

One of the biggest concerns for students is cost.

Tuition Fees (Annual)

Top Universities Fees

• Up to AUD 46,000–52,000 per year at leading universities

Total Cost (2 Years)

• Tuition: AUD 72,000 – 104,000
• Living Expenses: AUD 42,000 – 50,000
• Total: AUD 116,500 – 157,500

Additional Costs

• Visa fees
• Health insurance (OSHC)
• Study materials

CPA Australia Pathway Explained

One of the biggest advantages of studying accounting in Australia is the CPA Australia pathway.

What is CPA Australia?

CPA (Certified Practising Accountant) is a globally recognized professional qualification.

Step-by-Step CPA Pathway

Step 1: Complete CPA-Accredited Degree

• Choose a Master’s program aligned with CPA Australia

Step 2: Apply for Associate Membership (ASA)

• Required to enter CPA program
• Includes membership fees

Step 3: Complete CPA Program

• 6 subjects + exams
• Cost: approx. AUD 8,000–9,000

Step 4: Gain Work Experience

• Minimum 3 years relevant experience

Step 5: Become CPA Certified

• Earn full CPA designation

Key Advantage

Many Australian universities integrate CPA subjects within the degree – saving time and effort.

Career Opportunities After Masters in Accounting

Graduates can work in multiple roles:

Popular Job Roles

• Accountant
• Auditor
• Tax Consultant
• Financial Analyst
• Management Accountant

Accountant Salary Australia

Entry-Level Salary

• AUD 55,000 – 70,000 per year

Mid-Level Salary

• AUD 75,000 – 90,000

Senior-Level Salary

• AUD 100,000+

Factors Affecting Salary

• CPA certification
• Work experience
• Location (Sydney/Melbourne pay higher)
• Industry (Big 4 firms pay more)

Specializations in Accounting Courses

Students can choose from various specializations:

• Forensic Accounting
• Taxation
• Auditing
• Financial Accounting
• Management Accounting

Step-by-Step Application Process

Step 1: Research Universities

Shortlist CPA-accredited programs.

Step 2: Prepare Documents

• Academic transcripts
• SOP
• English test scores

Step 3: Apply Online

Submit applications via university portals.

Step 4: Receive Offer Letter

Step 5: Apply for Student Visa

Step 6: Plan Finances & Accommodation

Common Mistakes to Avoid

• ❌ Choosing non-CPA accredited courses
• ❌ Underestimating living expenses
• ❌ Ignoring internship opportunities
• ❌ Applying without strong SOP

Myths About Studying Accounting in Australia

Myth 1: Only commerce students can apply

Reality: Many universities accept non-accounting backgrounds

Myth 2: CPA is automatic after graduation

Reality: You must complete exams + work experience

Myth 3: Part-time jobs cover all expenses

Reality: They only help with living costs, not tuition

Masters in Accounting Australia vs Other Countries

FAQs 

Is a Masters in Accounting in Australia worth it?

Yes. It offers global recognition, CPA pathway, and strong career prospects. Graduates gain access to high-paying jobs in finance, auditing, and consulting, making it a valuable investment for long-term career growth.

Can I do Masters in Accounting without a commerce background?

Yes. Many Australian universities accept students from non-accounting backgrounds and provide foundation modules to build accounting knowledge.

What is the cost of studying accounting in Australia?

The average cost ranges from AUD 25,000 to AUD 52,000 per year, depending on the university, with total expenses reaching up to AUD 150,000 for two years including living costs.

How long does it take to become a CPA in Australia?

It typically takes 3–4 years, including completing a CPA-accredited degree, passing exams, and gaining required work experience.

What is the average accountant salary in Australia?

Entry-level accountants earn around AUD 55,000–70,000, while experienced professionals can earn over AUD 100,000 annually.

Conclusion

A masters in accounting Australia is one of the most strategic choices for students aiming to build a global career in finance. With top-ranked universities, strong industry alignment, and a clear CPA Australia pathway, it offers both academic excellence and professional growth.

However, success depends on choosing the right university, understanding costs, and planning your CPA journey early.

If you approach it strategically, this degree can become your gateway to a high-paying, internationally recognized accounting career.