Master of Professional Accounting

Postgraduate Entry Requirements:

Academic Qualifications: To be eligible for postgraduate programs, international students should hold a bachelor's degree or equivalent qualification from a recognized institution. Minimum 65% in your previous academic qualifications.

English Language Proficiency:

• IELTS: Overall 6.5 or 7.0, depending on the program, with no band less than 6.0.
• TOEFL: Overall 79, with minimum subsection scores of Listening 12, Reading 13, Writing 21, and Speaking 18.
• PTE: Overall 58, with a minimum of 50 in each section.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.

Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.

1. Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.

2. Monash Graduate Scholarship: This scholarship is available to high-achieving domestic and international students who are undertaking a graduate research degree at Monash University. The scholarship provides a living allowance of $29,500 per annum, as well as a range of other benefits.

3. Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.

4. Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.

5. Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.

The Master of Professional Accounting program at Monash University, Melbourne provides graduates with excellent career prospects in the accounting and finance industry. The program equips students with the knowledge, skills, and professional accreditation required to pursue diverse and rewarding career paths.

1. Certified Practising Accountant (CPA) or Chartered Accountant (CA): The Master of Professional Accounting program at Monash University is designed to meet the educational requirements for professional accreditation as a CPA or CA. Graduates who complete the necessary additional requirements, including professional experience and exams, can pursue these prestigious designations. Becoming a CPA or CA opens doors to a wide range of career opportunities in accounting, auditing, taxation, and financial management.

2. Public Accounting Firms: Graduates can pursue careers in public accounting firms, including the Big Four firms (Deloitte, PwC, EY, KPMG), mid-sized firms, and boutique accounting firms. They can work as auditors, tax consultants, or advisors, providing services to clients in areas such as financial statement audits, tax planning, compliance, and advisory services. Public accounting firms offer excellent career progression and the opportunity to work with a diverse range of clients across different industries.

3. Corporate Accounting: Many organizations, both large and small, have in-house accounting departments that handle financial reporting, budgeting, internal controls, and management accounting. Graduates can find opportunities as corporate accountants, financial analysts, or management accountants within various industries such as banking, manufacturing, retail, healthcare, and technology. They play a crucial role in financial decision-making, performance analysis, and ensuring compliance with accounting standards and regulations.

4. Government and Non-profit Organizations: Graduates can pursue accounting careers in government agencies, public sector organizations, and non-profit entities. These organizations require accounting professionals to manage their financial resources, prepare budgets, and ensure financial transparency and accountability. Graduates can work in roles such as government accountants, financial analysts, or financial managers, contributing to the efficient and effective use of public funds.

5. Financial Services Industry: The Master of Professional Accounting program also prepares graduates for roles in the financial services industry. They can work in banks, investment firms, insurance companies, or financial planning organizations. Graduates may find opportunities in areas such as financial analysis, risk management, financial control, or compliance, utilizing their accounting knowledge and financial expertise to support financial decision-making and regulatory compliance.

6. Entrepreneurship and Consulting: Some graduates may choose to leverage their accounting knowledge and skills to start their own business or work as independent consultants. They can provide accounting, taxation, or financial advisory services to small businesses, startups, or individuals. This path offers flexibility, autonomy, and the opportunity to work with a diverse client base.

7. International Careers: The Master of Professional Accounting program at Monash University provides a strong foundation in international accounting standards and practices. This opens up opportunities for graduates to pursue careers in multinational corporations, international accounting firms, or organizations with global operations. They can work in roles such as international tax specialists, financial analysts for multinational companies, or consultants on cross-border transactions.