Is it worth studying Masters of Professional Accounting (MPA) in Australia from a non accounting background?

Question

Puneet Singh · Accepted Answer

It has become a common thing now. Master of Professional Accounting in Australia is now famous by the MPA in Australia. Professional accounting masters are not actually that different from the masters in accounting egress. Both are made for accounting aspirants that have completed their bachelors.
The major difference I can tell you is that the MPA in Australia is more leaned toward management and finance. This means the topics and electives in these programs will be different. You can almost figure out that they will direct you to learn more foundational knowledge in management and finance. And this is why I know that you do not necessarily need an accounting background for it.
Because instead of a traditional accounting master degree, you will have specific things. You will be learning all the required things in the masters only. Obviously an accounting background is better as it gives a familiarity but rest assured you will have enough time for it. Australian universities offer full-time 2-years courses in professional accounting. Some are 1.5-year long as well. The course will include 12 MBA subjects. Other than these, I don&rsquo;t think there&rsquo;s any more difference.
If we talk about return on investment (ROI), this is also very good for MPA in Australia. In general, institutes like Queensland,  Adelaide, Monash University all offer these courses for almost 25 lakhs yearly tuition. But the average salary ranges between 25-44 lakhs. This makes the average salary of MPA in Australia graduates somewhere around 33 lakhs annually. Therefore if handled properly, you will settle your loans and debts in almost 2-years.
Recently, the MBA rankings of Australian universities have increased more than expected. I personally believe that this is an indication of better opportunities in subjects like accounting, finance and consultancy. I don&rsquo;t know how much you are familiar with the Australian business industry, apparently the business operations there are carried out heavily in all sectors. For example, agribusiness in Australia has suddenly grown so much by the implementation of more business modules in the industry.
I think in upcoming times, this will all be increasing rapidly because everything is business now, and accounting is needed to handle operations in these areas. If you have the requirements fulfilled and  have proper resources don&rsquo;t think twice. MPA in Australia is one of the most popular choices. It has been so because of how good it is.
However, before applying to a university there, I suggest to have a deep look on your academic profile. Leaving out a crucial detail can ruin your chances  of getting into your dream college. Here we can help you to sort out all the steps of applying in Australia for an MPA degree. Let me know if you need anything.

Khushi Shukla · Answer

Pursuing a Masters of Professional Accounting (MPA) in Australia offers numerous benefits, particularly for students from non-accounting backgrounds. Australian universities provide an inclusive educational environment with courses designed to bring all students to the same level of understanding, regardless of their initial specialization. 
For students without a background in accounting, starting with foundational subjects will be crucial. These institutions often offer preparatory courses and modules that focus on essential accounting principles, ensuring that all students are well-prepared before delving into more complex topics. Additionally, the use of modern teaching tools and techniques, such as interactive software and case-based learning, helps bridge the knowledge gap effectively. 
Australia&rsquo;s education system is highly regarded globally, with several universities ranking in the top for accounting and finance studies. This global recognition can significantly enhance your career prospects. Moreover, Australian degrees often include internships and practical training sessions with leading companies, providing real-world experience and facilitating easier transitions into professional roles. 
Lastly, the multicultural environment and strong student support systems in Australian universities make it easier for international students to adapt and succeed. If you are willing to commit to the intensive study and embrace the opportunities presented, an MPA from Australia can equip you with the skills and knowledge required to excel in the global accounting landscape.